Escolar Documentos
Profissional Documentos
Cultura Documentos
NOTICE OF A.G.M.
Notice is hereby given that the Annual General Meeting of the Members of SHEKHAWATI
ELECTRONICS PRIVATE LIMITED, will be held at its Registered Office 2762, FIRST
FLOOR,HAMILTON ROAD,MORI GATE, DELHI- 110006 on 29-09-2012 at 11 a.m. to
transact the following business.
ORDINARY BUSINESS
1. To receive, consider and adopt the audited Balance Sheet as at 31st March, 2012 and
Profit & Loss A/c for the year ended on that date and the Reports of the Board of
Directors and Auditors thereon.
2. To declare a dividend on Equity Shares.
3. To appoint the Auditors and to fix their remuneration.
4. Any other matter with the permission of chairman.
Place: - Delhi
Sd/-
Sd/-
Director
Director
Atul Jain
Shiksha Jain
Date: - 21-05-2012
NOTES
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A
PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER
OF THE COMPANY.
2. PROXIES, IN ORDER TO BE EFFECTIVE, MUST BE RECEIVED AT THE REGISTERED OFFICE OF
THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE MEETING.
Financial Results
PARTICULARS
Sales and Other Income
Operating Profit (PBIDT)
Interest Cost
Profit before Depreciation (PBDT)
Depreciation
Profit before Tax
Provision for Taxation
Profit after Tax
2011-2012
(Rs. in Lacs)
1019.62
-16.49
0.74
-17.23
2.00
-19.23
0.00
-19.23
2010-2011
(Rs. in Lacs)
34.30
9.05
0.00
9.05
0.34
8.71
1.69
7.02
Operation
During the year under review your company did well. Your directors expect that the company
will achieve new heights in the ensuing year.
Fixed Deposit
During the year under review the company has not accepted any deposit.
Dividend
The Directors donot recommend any Dividend for the year 2011-12.
Directors
The Directors are not liable to retire by Rotation.
Industrial Relation
Industrial relation continues to be cordial. Your directors express deep appreciation for the
dedicated services rendered by workers, staff officers of the company.
Particulars of Employees
None of the employee is in receipt of remuneration in excess of the limits prescribed under
section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975.
Auditors
M/s Vikas Jalan & Associates, Chartered Accountants, Delhi, the companys Auditors retire
at conclusion of the an ensuing Annual General Meeting. They have signed their willingness
to accept reappointment and have further confirmed their eligibility u/s 224(1B) of The
Companies Act, 1956
Directors' Responsibility Statement
Pursuant to requirement under sub-section (2AA) of section 217 of the Companies Act 1956,
with respect to Directors Responsibility Statement, it is hereby confirmed that:
i. In the preparation of the Annual Accounts, the applicable accounting standards, to the
extent applicable, has been followed.
ii. The Directors have selected such accounting policies and applied them consistently and
made judgements and estimates that are reasonable and prudent so as to give a true
and fair view of the state of affairs of the company as at 31st March 2012 and of the
profit of the company for the year ended on that date.
iii. The Directors has taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act 1956 for
safeguarding the assets of the company and for preventing and detecting fraud and
other irregularities and
iv. The Directors have prepared the annual accounts of Company on a going concern
basis.
Conservation of energy
In the opinion of the directors there is no need to take any measure in this regard. The
company does not have any proposal for additional investment in this regard. The details
of energy consumption are not required to be given.
ii)
Technology absorption
The research and experiments are carried on as part of the normal business activities as
such no separate figures are available.
iii)
Acknowledgment
Your Directors would like to express their grateful appreciation for the assistance and Cooperation received from the financial institutions, Government Authorities, Customers,
Vendors and Members during the year under review. Your directors also wish to place on
record their deep sense of appreciation for the committed services of executives, staff and
workers of Company.
Sd/Place: -Delhi
Date: - 21/05/2012
Director
Atul Jain
Sd/Director
Shiksha Jain
AUDITORS REPORT
To the members of
SHEKHAWATI ELECTRONICS PRIVATE LIMITED
1. We have audited the attached Balance Sheet of SHEKHAWATI ELECTRONICS PRIVATE
LIMITED as at 31st March, 2012, the statement of Profit and Loss Account and also the cash flow
statement for the year ended on that date annexed thereto. These financial statements are the
responsibility of the company's management. Our responsibility is to express an opinion on these
financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India. Those
Standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
3. This report does not include a statement on the matters specified in paragraph 4 of the Companies
(Auditors Report) Order 2003, issued by the Department of Companies Affairs, in terms of
section 227(4A) of the Companies Act 1956, since in our opinion and according to the information
and explanations given to us, the said order is not applicable to the company.
4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that:
a) We have obtained all the information and explanations, which to the best of our knowledge and
belief were necessary for the purpose of our audit.
b) In our opinion, proper books of account, as required by the law, have been kept by the company,
so far as appears from our examination of those books.
c) The Balance Sheet, the statement of Profit & Loss Account and The Cash Flow Statement dealt
with by this report are in agreement with the books of account.
d) In our opinion, the Balance Sheet, the statement of Profit & Loss Account and The Cash Flow
Statement dealt with by this report comply with the mandatory Accounting Standards referred to in
sub-section (3C) of section 211 of the Companies Act 1956
e) In our opinion, and based on information and explanation given to us, none of Directors are
disqualified as on 31st March, 2012 from being appointed as Directors in term of section 274(1)(g)
of The Companies Act, 1956.
f) In our opinion and to the best of our information and according to the explanations given to us, the
said accounts read together with the significant Accounting Policies and other notes thereon give
the information required by the Companies Act, 1956, in the manner so required, and present a
true and fair view in conformity with the accounting principles generally accepted in India:
(i)
In so far as it is relates to Balance Sheet, of the state of affairs of the company as at 31st
March, 2012;
(ii)
In so far as it relates to the Profit & Loss Account, the statement of profit of the company
for the year ended on that date;
Place:- Delhi
Sd/(Vikas Jalan)
Proprietor
Membership No. 099395
Registration No. 024211N
Date: - 21-05-2012
in rupees
Note
No.
1
2
3
6,60,000.00
1,67,074.17
1,30,60,000.00
6,60,000.00
20,90,057.79
30,60,000.00
1,38,87,074.17
58,10,057.79
5,65,12,878.87
16,00,000.00
5,65,12,878.87
16,00,000.00
74,62,626.62
93,65,226.26
4,00,431.00
1,72,28,283.88
8,76,28,236.92
22,80,243.34
5,17,083.87
4,00,431.00
31,97,758.21
1,06,07,816.00
71,40,255.22
13,73,637.83
71,40,255.22
13,73,637.83
5,53,17,244.92
76,32,260.50
62,24,159.83
1,13,14,316.45
24,13,900.00
54,820.04
55,15,565.64
12,49,892.49
8,04,87,981.70
8,76,28,236.92
92,34,178.17
1,06,07,816.00
5
6
TOTAL
ASSETS
Non-current assets
Fixed assets
Tangible assets
Intangible assets
Capital work-in-Progress
Intangible assets under development
Non-current investments
Deferred tax assets (net)
Long-term loans and advances
Other non-current assets
Current assets
Current investments
Inventories
Trade receivables
Cash and cash equivalents
Short-term loans and advances
Other current assets
TOTAL
7
8
9
Sd/ATUL JAIN
Director
Sd/SHIKSHA JAIN
Director
Notes to Financial statements for the year ended 31st March 2012
The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current year
presentation.
Note No. 1 Share Capital
in rupees
As at 31st March
2011
As at 31st March
2012
Particulars
Authorised :
20000 Equity shares of Rs. 100.00/- par value
Subscribed and paid-up :
6600 Equity shares of Rs. 100.00/- par value
Paid up Share Capital
20,00,000.00
20,00,000.00
6,60,000.00
6,60,000.00
6,60,000.00
6,60,000.00
Reconciliation of the Shares outstanding at the beginning and at the end of the reporting period
in rupees
As at 31st March 2011
No. of Shares
Amount
Equity shares
As at 31st March 2012
No. of Shares
Amount
At the beginning of the period
Issued during the Period
Redeemed or bought back during the period
Outstanding at end of the period
6,600
6,60,000.00
6,600
6,60,000.00
6,600
6,60,000.00
6,600
6,60,000.00
Name of Shareholders
Name of Shareholders
4,295
2,295
6,590
65.08
34.77
99.85
4,295
2,295
6,590
65.08
34.77
99.85
in rupees
As at 31st March 2011
20,90,057.79
(19,22,983.62)
13,87,776.48
7,02,281.31
1,67,074.17
1,67,074.17
20,90,057.79
20,90,057.79
in rupees
As at 31st March 2011
60,000.00
30,00,000.00
30,60,000.00
5,55,27,878.87
5,55,27,878.87
9,85,000.00
9,85,000.00
9,85,000.00
9,85,000.00
16,00,000.00
16,00,000.00
5,55,27,878.87
9,85,000.00
5,65,12,878.87
5,55,27,878.87
9,85,000.00
5,65,12,878.87
16,00,000.00
16,00,000.00
in rupees
As at 31st March 2011
Current
Non-Current
Total
Maturities
42,457.00
1,37,474.00
2,20,500.00
4,00,431.00
4,00,431.00
42,457.00
1,37,474.00
2,20,500.00
4,00,431.00
4,00,431.00
39,43,858.00
27,43,348.62
7,75,420.00
74,62,626.62
Others payables
Audit Fees Payable
Electricity expenses payable
Salary payable
Expenses Payable
Service Tax Payable
VAT payable(13.5%)
VAT payable Delhi
Insurance payable
Registration and Road Tax payable
TDS Payable
78,000.00
2,64,165.00
Total
16,00,000.00
16,00,000.00
in rupees
As at 31st March 2011
Long-term Short-term
Total
16,00,000.00
16,00,000.00
1,10,525.00
65,566.00
37,594.26
55,45,633.00
9,73,398.00
21,34,330.00
1,56,015.00
93,65,226.26
93,65,226.26
42,457.00
1,37,474.00
2,20,500.00
4,00,431.00
4,00,431.00
in rupees
As at 31st March 2011
8,46,427.21
1,645.59
11,63,781.83
1,33,988.71
1,34,400.00
22,80,243.34
in rupees
As at 31st March 2011
28,000.00
2,64,165.00
7,000.00
1,10,525.00
65,566.00
41,827.87
5,17,083.87
5,17,083.87
in rupees
Assets
Dep.
Rate
A Tangible assets
Factory Building
Furniture
Land
Plant and Machinery
Submersible Water
Pump
Computer
Equipments
Sub Total
P.Y Total
Balance as
at
1st April
2011
Additions
during the
year
9,65,345.57 3,50,000.00
4,276.25 6,04,859.60
4,27,976.83
55,374.25 38,33,911.00
8,695.00
Gross Block
Addition on
account of
business
acquisition
Deletion
during the
year
Balance as
at
31st March
2012
Balance as
at
1st April
2011
Provided
during the
year
13,15,345.57
6,09,135.85
4,27,976.83
38,89,285.25
78,959.57
804.25
6,400.00
7,338.25
6,647.00
8,695.00
928.00
7,26,276.85
4,51,837.94
7,26,276.85
4,51,837.94
14,61,667.90 59,66,885.39
14,61,667.90
74,28,553.29
14,61,667.90
88,030.07
Net Block
Balance as
Balance as
at
at
31st March 31st March
2012
2011
78,959.57 12,36,386.00
7,204.25 6,01,931.60
4,27,976.83
13,985.25 38,75,300.00
8,86,386.00
3,472.00
4,27,976.83
48,036.00
928.00
7,767.00
7,767.00
1,82,014.00
5,207.00
1,82,014.00
5,207.00
5,44,262.85
4,46,630.94
2,00,268.00
33,648.69
Date of Addition
No. of Days
Factory Building
Factory Building
Furniture
Furniture
Plant and Machinery
Plant and Machinery
Amount
3,50,000.00
6,04,859.60
38,33,911.00
in rupees
As at 31st March 2011
Long-term
Short-term
22,71,616.31
22,71,616.31
34,721.18
34,721.18
29,39,966.00
29,39,966.00
7,35,966.00
7,35,966.00
29,75,000.00
29,75,000.00
2,91,871.30
24,760.00
25,000.00
48,000.00
31,438.89
29,660.00
90,158.45
15,718.00
25,70,367.50
31,26,974.14
760.00
31,27,734.14
1,13,14,316.45
2,91,871.30
24,760.00
25,000.00
48,000.00
31,438.89
1,535.55
48,865.57
6,974.00
4,78,445.31
760.00
4,79,205.31
12,49,892.49
in rupees
As at 31st March 2011
24,13,900.00
24,13,900.00
in rupees
As at 31st March 2011
54,820.04
54,820.04
54,820.04
in rupees
As at 31st March 2011
54,22,960.67
54,22,960.67
7,03,891.91
7,03,891.91
62,24,159.83
92,604.97
92,604.97
55,15,565.64
in rupees
As at 31st March 2011
Current
Non-Current
Total
Maturities
7,85,000.00
7,85,000.00
14,00,000.00
14,00,000.00
2,00,000.00
9,85,000.00
2,00,000.00
9,85,000.00
2,00,000.00
16,00,000.00
2,00,000.00
16,00,000.00
Note No. Loans and advances : Capital Advances: Secured, considered good
Particulars
As at 31st March 2012
Long-term
Short-term
Advances to Creditors
Total
22,71,616.31
22,71,616.31
Note No. Loans and advances : Security Deposit: Unsecured, considered good
Particulars
As at 31st March 2012
Long-term
Short-term
Security Deposit
Security Deposit with BEML
Telephone Security
Total
Note No. Loans and advances : Loans and advances to related parties:
Unsecured, considered good
Particulars
Vaibhav Jain
Unsecured loans and advances given to directors
Total
24,35,966.00
5,00,000.00
4,000.00
29,39,966.00
in rupees
As at 31st March 2011
Long-term
Short-term
34,721.18
34,721.18
in rupees
As at 31st March 2011
Long-term
Short-term
2,35,966.00
5,00,000.00
7,35,966.00
in rupees
As at 31st March 2012
Long-term
Short-term
3,50,000.00
26,25,000.00
29,75,000.00
A. Accounting Policies
1. General :Accounting Policies not specifically referred to otherwise be consistent and in consonance with
generally accepted accounting principles.
2. Revenue Recognition :Expenses and Income considered payable and receivable respectively are accounting for on accrual
basis except discounts claims relates and retirement benefits in respect of leave encashment which
cannot be determined with certainty during the year and interest.
3. Fixed Assets :Fixed assets are stated at their original cost of acquisition including taxes freight and other incidental
expenses related to acquisition and installation of the concerned assets less depreciation till date.
4. Depreciation :Depreciation on Fixed Assets has been provided on straight line method, on the cost of Fixed Assets as
per the rates, provided in Schedule XIV of the Companies Act, 1956 except non charging of 100%
depreciation on assets costing below Rs. 5000/-. Further, in case of addition, depreciation has been
provided on pro-rata basis commencing from the date on which the asset is commissioned.
5. Investments :Investments are stated at cost.
6. Inventories :Inventories are valued as under :1. Inventories
2. Scrap
:
:
7. Miscellaneous Expenditure :Miscellaneous Expenditure comprises of Preliminary expenses are amortised over a period of five years.
8. Retirement Benefits :The company has taken a policy from Life Insurance Corporation of India for the payment of gratuity.
The gratuity has been provided in books on accrual basis. The leave encashment is accounted for as
and when the liability for it become due for payment.
9.
Excise Duty :Excise duty is charged on ad-volerum basis and is accounted for when the goods are cleared from
factory site.
10.Taxes on Income:Provision for current tax is made on the basis of estimated taxable income for the current accounting
year in accordance with the Income Tax Act, 1961. The deferred tax for timing differences between the
book and tax profits for the year is accounted for, using the tax rates and laws that have been
substantively enacted as of the balance sheet date. Deferred tax assets arising from timing differences
are recognised to the extent there is reasonable certainty that these would be realised in future.
(B) Notes on Accounts
1. The SSI status of the creditors is not known to the company, hence the information is not given.
2. Sundry Creditors, Sundry Debtors, Loans & Advances and Unsecured Loans have been taken at their
book value subject to confirmation and reconciliation.
3. Consumption of consumables and raw material have been arrived by adding purchases to Opening
Stock and deducted closing stock therefrom.
4. During the year ended 31st March 2012, the revised schedule VI notified under the
Companies Act 1956, has become applicable to the company, for preparation and presentation of its
financial statements. The adoption of revised Schedule VI does not impact recognition and
measurement principles followed for preparation of financial statements. However, is has significant
impact on presentation and disclosures made in the financial statements. The company has also
reclassified the previous year figures in accordance with the requirements applicable in the current
year.
2011-2012
2010-2011
50000
15000
50000
15000
6. Loans and Advances are considered good in respect of which company does not hold any security
other than the personal guarantee of persons.
7. Excise duty has not been taken into accounted for valuation of finished goods looking at factory site in
view of accounting policy No. 9. The same has no impact as Profit & Loss Account.
8. No provision for leave encashment has been made, in view of accounting policy No. 8. The impact of
the same on Profit & Loss is not determined.
9. Advance to others includes advances to concerns in which directors are interested:
Name of Concern
Current Year
Previous Year
Closing Balance
Closing Balance
Atul Jain
Shiksha Jain
Balwant Rai Jain
Atishay Jain
Vaibhav Jain
(Figure in Rs)
Key
Management
Personnel
2975000
Relative of Key
Management
Personnel
Outstanding as on 31/03/2011
Key
Management
Personnel
Relative of Key
Management
Personnel
As at 2012
As at 2011
(Rs.)
(Rs.)
Depreciation
Total
Total
Current Year
Particulars
Opening Stock
Production
Receipt for replacement
Sales/Dispatch
Rejections/Samples
Closing Stock
Qty
Total
(Pcs)
(Amount)
Previous Year
Particulars
Qty
Total
(Pcs)
(Amount)
Opening Stock
Production
Receipt for replacement
Sales/Dispatch
Rejections
Closing Stock
Particulars
Quantity
Amount
Quantity
Amount
(Qty 'Nos'.)
(Rs.)
(Qty 'Nos')
(Rs.)
2012
2011
Amount
2011
Amount
Imported
Indigenous
Nil
Nil
Finished Goods
Nil
Nil
Nil
Nil
Nil
Nil
Signature to notes 1 to 17
In terms of Our Separate Audit Report of Even Date Attached.
Chartered Accountants
Sd/(Vikas Jalan)
Proprietor
Membership No. 099395
Registration No. 024211N
Place:- Delhi
Date: - 21-05-2012
Sd/ATUL JAIN
Director
Sd/SHIKSHA JAIN
Director