About Us

Activities

Resources

Financial Info

Opportunities

Contact Us

Balance Sheet.....

Balance Sheet 2008
Balance Sheet 2007
Balance Sheet 2006
Profit & Loss A/c. 2008
Profit & Loss A/c. 2007
Profit & Loss A/c. 2006



BALANCE SHEET AS AT 31st March, 2008

PARTICULARS SCH   As at 31st March, 2008
Rs.
As at 31st March, 2007
Rs.
         
SOURCES OF FUNDS        
         
SHAREHOLDERS' FUND        
Share Capital 1 38,000,000   38,000,000
Reserves & Surplus 2 180,589,379   96,695,035
   
 
      218,589,379 134,695,035
LOAN FUNDS        
Secured Loans 3 250,521,784   106,026,568
Unsecured Loans 4 12,320,610   190,422,318
   
 
      262,842,394 296,448,886
DEFERRED TAX LIABILITY     12,517,849 6,611,300
     

      493,949,622 437,755,221
     

APPLICATION OF FUNDS        
FIXED ASSETS 5      
Gross Block   285,714,049   174,308,209
Less: Depreciation   30,564,588   14,527,044
   
 
    255,149,461   159,781,165
Capital Work Inprocess   20,832,863   42,272,232
   
 
 
Net Block     275,982,324 202,053,398
INVESTMENTS 6   95,301,750 83,462,500
         
CURRENT ASSETS, LOANS AND ADVANCES 7      
Inventories   23,169,600   24,117,747
Sundry Debtors   134,632,742   185,697,785
Cash & Bank Balances   162,299,850   156,188,148
Deposits   118,129,100   90,099,388
Loans & Advances   59,583,392   57,441,882
   
 
    497,814,683   513,544,950
LESS :        
CURRENT LIABILITIES & PROVISIONS 8 375,149,136   361,353,891
   
 
      122,665,547 152,191,058
MISCELLANEOUS EXPENDITURE        
(To the extent not written off)        
Preliminary Expenditure   0   48,265
   
 
      493,949,622 437,755,221
     

Notes forming parts of Accounts 16      

for and on Behalf of Board, As per our Report of even date
For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
(P. V. Patel)
Chairman
(A. V. Patel)
Managing Director
(K. P. Bhanshali)
Partner
M.No. 33376
Rajkot, 27th August, 2008 Rajkot, 27th August, 2008
Top


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31st March, 2008

PARTICULARS SCH   2007-2008
Rs.
2006-2007
Rs.
INCOME        
Direct Income 9   2,425,481,472 2,017,692,713
Indirect Income 10   8,848,146 7,543,084
     

TOTAL INCOME Rs.     2,434,329,618 2,025,235,797
EXPENDITURE        
Cost of Material Sold/Consumed 11   764,016,539 195,553,921
Direct Expenses 12   1,375,387,954 1,629,679,627
Payment to and provisions for Employees 13   43,923,104 39,724,492
Administrative Expenses 14   62,596,907 44,701,480
Finance Charges 15   40,395,239 19,421,401
Depreciation 5   16,739,894 7,038,627
     

TOTAL EXPENDITURE Rs.     2,303,059,636 1,936,119,549
     

Net Profit Before Tax     131,269,982 89,116,248
Provision for Taxes        
Current Tax   39,288,552   27,147,386
Deferred Tax   5,906,549   2,612,105
Fringe Benefit Tax   882,579   1,240,183
   
 
      46,077,680 30,999,674
     

Net Profit after Tax     85,192,302 58,116,574
Less: Short provision for tax of earlier years     1,297,959 30,376
     

Net Profit transferred to Balance Sheet     83,894,342 58,086,198
     

Notes forming parts of Accounts 16      

      As per our Report of even date
      For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
        (K. P. Bhanshali)
Partner
M.No. 33376
      Rajkot, 27th August, 2008
Top



BALANCE SHEET AS AT 31st March, 2007

PARTICULARS SCH Current Year Previous Year
Amount Rs. Amount Rs. Amount Rs. Amount Rs.
           
SOURCES OF FUNDS          
           
OWN FUNDS          
Share Capital 1 38,000,000   38,000,000  
Reserve & Surplus 2 96,695,035 134,695,035 38,608,838 76,608,838
   
 
 
 
LOAN FUNDS          
Secured Loans 3 106,026,568   14,271,843  
Unsecured Loans 4 190,422,318 296,448,886 78,536,871 92,808,714
   
 
 
DEFERRED TAX LIABILITY     6,611,300   3,999,195
     
 
      437,755,221 Total 173,416,746
     
 
APPLICATION OF FUNDS          
FIXED ASSETS 5        
Gross Block   174,308,209   84,343,073  
Less : Depreciation   14,527,044   8,443,986  
Capital Work Inprocess   42,272,232      
   
 
 
Net Block     202,053,398   75,899,087
INVESTMENTS 6   83,462,500   102,500
CURRENT ASSETS, LOANS & ADVANCES 7        
Inventories   24,117,747   17,571,481  
Sundry Debtors   185,697,785   42,189,531  
Cash & Bank Balances   49,314,945   17,621,027  
Deposits   196,972,591   116,524,207  
Loans & Advances   57,441,882   32,339,062  
   
 
 
    513,544,949   226,245,309  
LESS :          
CURRENT LIABILITIES & PROVISIONS 8        
Sundry Creditors   265,846,442   91,177,242  
Duties & Taxes   12,383,114   1,396,886  
Other Current Liabilities & Provisions   83,124,336   36,352,552  
   
 
 
    361,353,891 152,191,059 128,926,680 97,318,629
MISCELLANEOUS EXPENDITURE
(To the extent not written off)
         
Preliminary Expenditure   48,265   96,530  
     
 
      437,755,221 Total 173,416,746
     
 
Contingent Liability & Provisions 16        
Notes forming parts of Accounts 16        

for and on Behalf of Board,     As per our Report of even date
      For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
(P. V. Patel)
Chairman
(A. V. Patel)
Managing Director
    (K. P. Bhanshali)
Partner
M.No. 33376
Place : Rajkot     Place : Rajkot
Date : 20-08-2007     Date : 20-08-2007
Top


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31st. March, 2007

PARTICULARS SCH Current Year Previous Year
Amount Rs. Amount Rs. Amount Rs. Amount Rs.
           
INCOME          
           
Direct Income 9 2,017,692,713   1,158,229,052  
Indirect Income 10 7,543,084 2,025,235,797 11,351,938 1,169,580,990
   
 
 
EXPENDITURE          
           
Cost of Material Sold / Consumed 11 195,553,921   97,810,873  
Direct Expenses 12 1,625,051,466   973,457,881  
Payment to and provisions for Employees 13 39,724,492   29,508,597  
Administrative Expenses 14 49,955,033   22,625,732  
Financial Charges 15 19,421,401   13,397,897  
Depreciation 5 7,038,627 1,936,744,941 5,065,869 1,141,866,849
   
 
 
NET PROFIT BEFORE TAX     88,490,856   27,714,141
Provision for Taxes          
Current Tax   27,147,386   6,789,087  
Deferred Tax   2,612,105   1,097,230  
Fringe Benefit Tax   614,791 30,374,282 507,437 8,393,754
 
 
 
NET PROFIT TRANSFERRED TO BALANCE SHEET     58,116,574   19,320,387
Contingent Liability & Provisions 16        
Notes forming parts of Accounts 16        

for and on Behalf of Board,     As per our Report of even date
      For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
(P. V. Patel)
Chairman
(A. V. Patel)
Managing Director
    (K. P. Bhanshali)
Partner
M.No. 33376
Place : Rajkot     Place : Rajkot
Date : 20-08-2007     Date : 20-08-2007
Top



BALANCE SHEET AS AT 31st March, 2006

PARTICULARS SCH Current Year Previous Year
Amount Rs. Amount Rs. Amount Rs. Amount Rs.
           
SOURCES OF FUNDS          
           
OWN FUNDS          
Share Capital 1 38,000,000   19,000,000  
Reserve & Surplus 2 38,608,838 76,608,838 19,288,451 38,288,451
   
 
 
LOAN FUNDS          
Secured Loans 3 14,271,843   11,175,428  
Unsecured Loans 4 78,536,871 92,808,714 39,637,186 50,812,614
   
 
 
DEFERRED TAX LIABILITY     3,999,195   2,901,965
     
 
      173,416,746 Total 92,003,030
     
 
APPLICATION OF FUNDS          
FIXED ASSETS 5        
Gross Block   84,343,073   64,344,923  
Less : Depreciation   8,443,986   3,431,403  
   
 
 
Net Block     75,899,087   60,913,520
INVESTMENTS 6   102,500   102,500
CURRENT ASSETS, LOANS & ADVANCES 7        
Inventories   17,571,481   11,184,139  
Sundry Debtors   42,189,531   18,561,506  
Cash & Bank Balances   17,621,027   12,666,169  
Deposits   116,524,207   59,313,127  
Loans & Advances   32,339,062   9,623,407  
   
 
 
    226,245,309   111,348,348   
LESS :          
CURRENT LIABILITIES & PROVISIONS 8        
Sundry Creditors   91,177,242   66,819,703  
Duties & Taxes   1,396,886   460,275  
Other Current Liabilities & Provisions   36,352,552   13,226,155  
   
 
 
    128,926,680 97,318,629 80,506,133 30,842,215
MISCELLANEOUS EXPENDITURE
(To the extent not written off)
         
Preliminary Expenditure   96,530   144,795  
     
 
      173,416,746 Total 92,003,030
     
 
Contingent Liability & Provisions 16        
Notes forming parts of Accounts 16        

for and on Behalf of Board,     As per our Report of even date
      For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
(P. V. Patel)
Chairman
(A. V. Patel)
Managing Director
(K. P. Bhanshali)
Partner
M.No. 33376
Place : Rajkot Place : Rajkot
Date : 10-08-2006 Date : 10-08-2006
Top


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31st. March, 2006

PARTICULARS SCH Current Year Previous Year
Amount Rs. Amount Rs. Amount Rs. Amount Rs.
           
INCOME          
           
Direct Income 9 1,165,480,265   390,203,005  
Indirect Income 10 4,100,725 1,169,580,990 2,313,143 392,516,148
   
 
 
EXPENDITURE          
           
Cost of Material Sold / Consumed 11 97,810,873   121,994,497  
Direct Expenses 12 987,549,625   211,797,785  
Payment to and provisions for Employees 13 16,031,882   11,626,199  
Administrative Expenses 14 21,962,438   11,837,448  
Preliminary Expense W/o   48,265   48,265  
Financial Charges 15 13,397,897   6,085,191  
Depreciation 5 5,065,869 1,141,866,849 3,470,840 366,860,225
   
 
 
NET PROFIT BEFORE TAX     27,714,141   25,655,923
Provision for Taxes          
Current Tax   6,789,087   3,465,507  
Deferred Tax   1,097,230   2,901,965  
Fringe Benefit Tax   507,437 8,393,754   6,367,472
 
 
 
NET PROFIT TRANSFERRED TO BALANCE SHEET     19,320,387   19,288,451
Notes forming parts of Accounts 16        

for and on Behalf of Board, As per our Report of even date
For, M/s. K. P. Bhanshali & Co.,
Chartered Accountants
       
       
(P. V. Patel)
Chairman
(A. V. Patel)
Managing Director
(K. P. Bhanshali)
Partner
M.No. 33376
Place : Rajkot Place : Rajkot
Date : 10-08-2006 Date : 10-08-2006
Top