|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
Home : Financial Info : Balance Sheet 
