BALANCE SHEET AS AT 31ST MARCH, 2010

Amount Amount
2009-2010 2008-2009
Rs. P. Rs. P.
SOURCES OF FUNDS
SHAREHOLDER'S FUNDS :
Share Capital 2296000.00 2296000.00
LOAN FUNDS
Secured Loans 282851.70 303741.45
Unsecured Loans 180000.00 180000.00

2758851.70 2779741.45

APPLICATION OF FUNDS
FIXED ASSETS
Gross Block 2247689.48 2115089.48
Less : Accumulated Depreciation 1863882.55 1801868.91
Net Block 383806.93 313220.57
CURRENT ASSETS, LOANS & ADVANCES
CURRENT ASSETS
(Unsecured Considered Good)
Stock in Trade 1336248.90 1246565.00
Sundry Debtors 322097.00 346842.40
Cash and Bank balance 87016.25 135521.85
Other Current Assets 3000.00 3000.00
LOANS & ADVANCES
Advances (Recoverable in cash or kind or for the value to be received) 292765.77 375408.57
2041127.92 2107337.82
Less :
CURRENT LIABILITIES & PROVISIONS 51034.25 96846.10

NET CURRENT ASSETS 1990093.67 2010491.72

Add :
PROFIT & LOSS ACCOUNT 384951.10 456029.16
2758851.70 2779741.45
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010

AMOUNT AMOUNT
2009-2010 2008-2009
Rs. P. Rs. P.
INCOME
Sales 1555244.00 2272477.00
Closing Stock 292800.00 169830.00

1848044.00 2442307.00

EXPENDITURE
Opening Stock 169830.00 223430.00
Raw Material Consumed 1148869.10 1315926.42
Operating Costs 243147.80 312731.40
Administrative & Other Expenses 107550.40 283610.00
Interest 32567.00 38289.00
Depreciation 62013.64 50608.64
1763977.94 2224595.46

PROFIT / (LOSS) FOR THE YEAR 84066.06 217711.54

LESS : PROVISION FOR CURRENT TAX 12988.00 22424.00
LESS : PROVISION FOR FRINGE BENEFIT TAX 0.00 646.00
LESS : TAX ADJUSTMENTS 0.00 2681.00
PROFIT/ (LOSS) AFTER TAX 71078.06 191960.54
ADD : PROFIT/ (LOSS) BROUGHT FORWARD -456029.16 -647989.70
PROFIT/(LOSS) CARRIED TO BALANCE SHEET -384951.10 -456029.16
 COMPUTATION OF VALUE OF GROSS ASSETS

A. Value of Gross Block of Fixed Assets 2247689.48

B. Value of Capital Work-in-progress 0.00
C. Value of other Assets
Stock in Trade 1336248.90
Sundry Debtors 322097.00
Cash and Bank balance 87016.25
Other Current Assets 3000.00
Advances Recoverable in Cash or in Kind 292765.77
Profit & Loss A/c (Debit Balance) 384951.10 2426079.02
D. Accumulated Depreciation 1863882.55
E. Profit & Loss A/c. (Debit Balance) 384951.10
VALUE OF GROSS ASSETS (A+B+C-D-E) 2424934.85

Tax on Gross Assets @ 2% 48499

 Previous Year : 2009 - 2010
Asst.Year : 2010 - 2011

COMPUTATION OF TOTAL INCOME

INCOME FROM BUSINESS

Profit as per Profit & Loss A/c. 84066.06
Add : Depreciation as per Companies Act 62013.64
146079.70
Less : Depreciation as per Income Tax Act 31844.00
Total Income 114235.70

Total Income Rounded Off 114240

Tax 34272
Add : Education Cess @ 3% 1028
Total Tax Payable 35300

TAX UNDER MAT U/S 115JB

Book Profit 84066.06

Tax @15% of Book Profit 12610

Add : Education Cess @ 3% 378
Tax Payable 12988