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209, Manglam, 24, Hemanta Basu Sarani, Kolkata- 700 001 Computation of Total Income for the year ended 31.03.2012 Rs. INCOME FROM BUSINESS / PROFESSION
Net Profit as per annexed Profit & Loss A/c. Add : Items treated separately Depreciation as per Books Less: Deduction /Exemptions Short term capital gain (To be treated seprately) Long Term Capital Gain [Exempt U/s 10(38)] Depreciation as per I.T.Rules Dividend Exempt U/s 10(34) 139,253 281,584 139,253 420,837 22,051 40,592 119,861 41,550
Rs.
CAPITAL GAINS
Short Term Capital Gain Round off Tax on STCG of Rs. 22051/- @ 15% Tax on Rs.196784/- @ 30% Less: MAT Credit A.Y. 2010-11 MAT Credit A.Y. 2011-12 Education Cess @ 3% 14,961 22,414
218,830 3,308 59,037 62,345 (37,375) 24,970 749 25,719 (30,000) 99 (4,182)
Add:
NIRMAL EXIM PRIVATE LIMITED Balance Sheet as at 31 March, 2012 Particulars A EQUITY AND LIABILITIES 1 Shareholders funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants 2 Share application money pending allotment 3 Non-current liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions 4 Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Note No. As at 31 March, 2012 ` As at 31 March, 2011 `
1 2
TOTAL ASSETS 1 Non-current assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (v) Fixed assets held for sale (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets 2 Current assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets TOTAL Significant Accounting Policies Notes on Financial Statements
5 6 7 8
Note 1 to 11
NIRMAL EXIM PRIVATE LIMITED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2012 Particulars Note No. For the year ended 31 March, 2012 ` For the year ended 31 March, 2011 `
A 1
CONTINUING OPERATIONS Revenue from operations (gross) Less: Excise duty Revenue from operations (net) Other income Total revenue (1+2) Expenses (a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Employee benefits expense (e) Finance costs (f) Depreciation and amortisation expense (g) Other expenses Total expenses 9 1,333,383.00 1,333,383.00 1,237,220.80 1,237,220.80
2 3 4
10
10
5 6 7 8 9 10
Profit / (Loss) before exceptional and extraordinary items and tax (3 - 4) Exceptional items Profit / (Loss) before extraordinary items and tax (5 + 6) Extraordinary items Profit / (Loss) before tax (7 + 8) Tax expense: (a) Current tax expense for current year (b) (Less): MAT credit (where applicable) (c) Current tax expense relating to prior years (d) Net current tax expense (e) Deferred tax (e) Adjustments
281,584.44
255,694.56
281,584.44 62,344.65 37,375.00 24,969.65 5,992.00 18,977.65 262,606.79 262,606.79 262,606.79 1.19 -
255,694.56 46,107.00 46,107.00 5,985.00 740.00 40,862.00 214,832.56 214,832.56 214,832.56 0.98 -
12 Profit / (Loss) for the year Earning per equity share of Rs.10/- each Basic and diluted earning per Share after Tax. (Rs.) Significant Accounting Policies Notes on Financial Statements
Note 1 to 11
NOTE -1 SHARE CAPITAL : Authorised 500000 Nos. Equity Shares of Rs.10/-each Issued, Subscribed & Paid up Capital 220000 Nos. Equity Shares of Rs.10/-each NOTE -2 RESERVE & SURPLUS Share Premium Account Profit & Loss Account As per last year Durring the year Appropriations(IT)
NOTE -3 CURRENT LIABILITIES & PROVISION: Liabilities for Expenses Travelling Expenses Payable S.K.S. & Co. Sandip & Siddhant (HUF) Provision for Income Tax(A.Y.2012-13)
NOTE -7 CASH & BANK BALANCE : Cash in Hand (As Certified) Balance in Current Account NOTE -8 LOANS & ADVANCES Advances recoverable in cash or in Kind or for value to be received ( Considered Good) Security Deposit Advance Income Tax Income Tax Refundable TDS Receivable Telephone Deposits Planet Commercial Pvt. Ltd. Vinline Engineering Pvt. Ltd. Merlin Project Ltd. Subhsri Realtech Pvt. Ltd.
NOTE -9
NIRMAL EXIM PRIVATE LIMITED For the year ended 31 March, 2012 `
INCOME
Dividend Interest Commission Misc. Income Short term Capital Gains Long Term Capital Gains NOTE -10 ADMINISTRATIVE CHARGES : Advertisement Bank Charges Books & Periodicals Corporation Tax Directors Remuneration Consultancy Charges Conveyance Expenses Donation Electricity Charges Fees & Subscription Filing Fees General Expenses Insurance Charges Legal Charges Maintenance charges Motor Car Expenses Postage & Telegram Printing & Stationary Profession Tax Repairs & Maintenance Telephone Charges Trade Licence Travelling & Conveyance Audit Fees 3,497.00 1,112.14 380.00 12,642.00 408,000.00 5,128.00 64,875.00 20,675.20 900.00 1,500.00 19,443.00 62,572.00 3,100.00 19,965.00 107,037.36 2,650.00 3,148.50 2,500.00 14,595.00 32,277.73 3,350.00 52,291.80 2,206.00 843,845.73 1,184.59 383.00 12,648.00 330,000.00 44,387.00 9,200.00 24,297.60 900.00 1,500.00 25,183.00 66,888.00 3,100.00 8,712.00 64,630.49 2,927.60 5,035.25 2,500.00 15,425.00 35,317.46 3,200.00 103,928.13 1,655.00 763,002.12
68,700.00
68,700.00
68,700.00
68,700.00
NIRMAL EXIM PRIVATE LIMITED 209, MANGALAM, 24, HEMANTA BASU SARANI, KOLKATA - 700001
Note " 4 " of Fixed Assets annexed to and Forming part of the Balance Sheet as at 31.03.2012
PARTICULARS
AS ON 01.04.2010
GROSS BLOCK ADDITION SALE DURING DURING THE YEAR THE YEAR 11,350.00 16,683.00 28,033.00 369,811.00 -
TOTAL COST AS ON 31.03.2011 134079.85 25255.00 35578.00 7442.26 17500.00 1145761.00 968374.00 29738.00 2363728.11 2,335,695.11
UP TO 31.03.2010
AIR CONDITIONER CELLUER PHONE COMPUTER ELECTRICAL INSTALLATION EPBX SYSTEM MOTOR CAR OFFICE PREMISES PRINTER
88896.40 11303.39 33,847.19 7442.26 10726.00 773483.30 198350.52 6,531.67 1130580.73 992,456.61
Previous Year
1965884.11
Annexure- "I"
Rate
PARTICULARS Office Premises Fax Machine Electrical Installation Air Conditioner Motor Car Celluear Phone Computer EPBX System Printer TOTAL
10.00% 15.00% 15.00% 15.00% 15.00% 15.00% 60.00% 15.00% 60.00%
W.D.V As On 01.04.2011 396,541.20 790.41 60.69 37,866.17 387,320.69 3,087.96 9,428.56 2,785.24 10,653.30 848,534.22
Total Cost As On 31.03.2012 413,224.20 790.41 60.69 37,866.17 387,320.69 14,437.96 9,428.56 2,785.24 10,653.30 876,567.22
On B/F W.D.V 39,654.12 118.56 9.10 5,679.93 58,098.10 463.19 5,657.14 417.79 6,391.98 116,489.91
Total for the year 41,322.42 118.56 9.10 5,679.93 58,098.10 2,165.69 5,657.14 417.79 6,391.98 119,860.71
W.D.V As On 31.03.2012 371,901.78 671.84 51.59 32,186.24 329,222.59 12,272.26 3,771.42 2,367.45 4,261.32 756,706.50
PART-I
A.
B.
Basis of Preparation of Financial Statements The financial statements are prepared under the historical cost convention, except for certain fixed assets which are revalued, in accordance with the generally accepted accounting principles in India and the provisions of the Companies Act, 1956. Use of Estimates The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognised in the period in which the results are known/ materialised. Own Fixed Assets Fixed Assets are stated at cost net of recoverable taxes and includes amounts added on revaluation, less accumulated depreciation and impairment loss, if any. All costs, including financing costs till commencement of commercial production, net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the fixed assets are capitalised. Intangible Assets Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortisation / depletion. All costs, including financing costs till commencement of commercial production, net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the intangible assets are capitalised. Depreciation and Amortisation Depreciation on fixed assets is provided to the extent of depreciable amount on written down value method (WDV) at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956 over their useful life.
C.
D.
E.
Impairment of Assets An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Profit and Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount. G. Foreign Currency Transactions a) Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of the transaction. b) Monetary items denominated in foreign currencies at the year end are restated at year end rates. In case of items which are covered by forward exchange contracts, the difference between the year end rate and rate on the date of the contract is recognised as exchange difference and the premium paid on forward contracts is recognised over the life of the contract. c) Non monetary foreign currency items are carried at cost. d) In respect of branches, which are integral foreign operations, all transactions are translated at rates prevailing on the date of transaction or that approximates the actual rate at the date of transaction. Branch monetary assets and liabilities are restated at the year end rates. e) Any income or expense on account of exchange difference either on settlement or on translation is recognized in the Profit and Loss account except in case of long term liabilities, where they relate to acquisition of fixed assets, in which case they are adjusted to the carrying cost of such assets. H. Investments Current investments are carried at lower of cost and quoted/fair value, computed category wise. Long Term Investments are stated at cost. Provision for diminution in the value of long-term investments is made only if such a decline is other than temporary. Inventories Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence, if any. Cost of inventories comprises of cost of purchase, cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and condition.
F.
I.
J.
Revenue Recognition
N.
O.
P.
Q.
R.
PART-II
Note Particulars 10.1 Related Party Disclosure as per Accounting Standard- 18 a) Particulars of Subsidiary/ Associate Company: NA b) Key Management Personnel & Their Relatives : Sri Radhey Shyam Agarwal Smt. Nirmala Agarwal Sri Yogesh Agarwal Smt Aditi Agarwal 10.2 Segment Reporting : Nil
18, RAJA BASANTA ROY ROAD, KOLKATA 700 026 TELEPHONE NO 2465 9724
2.
4.
(ii)
(iii) (iv)
(v)
5.
In our opinion and to the best of our information and according to the explanations given to us, the said statements of account give the information required by the Companies Act, 1956 in the manner so and give a true and fair view in conformity with the accounting principles generally accepted in India: i) ii) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2012; in the case of the Profit and Loss Account, of the Profit for the year ended on that date.
Kolkata Dated:
2012,