GIRDHARI ESTATES PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH, 2008

Schedules 31.03.08 31.03.07

Rs. Rs.

SOURCES OF FUNDS
Shareholders' funds
Share Capital A 152000 102000
Reserves & Surplus B 2112183 1273484

2264183 1375484
APPLICATION OF FUNDS

Fixed Assets
Gross Block C 32712 32712
Less: Depreciation 24145 22402
Net Block 8567 10310

Investments D 217500 267500

Current Assets, Loans & Advances

Sundry Debtors E 34416 54494
Cash and Bank Balances F 2184651 1203059
Loans and Advances G 449845 637493
2668912 1895046
Less:
Current Liabilities & Provisions H
Current Liabilities 462194 481672
Provisions 567800 315700
1029994 797372
Net Current Assets 1638918 1097674

1864985 1375484

SIGNIFICANT ACCOUNTING POLICIES AND

NOTES ON ACCOUNTS J

In terms of our report of even date

For & on behalf of For & on behalf of the Board

S.B.Dandeker & Co.
Chartered Accountants
D
I
R
(Kedarashish Bapat) E
Partner C
T
O
Place: Kolkata R
Date : 16th July, 2008 S
 GIRDHARI ESTATES PRIVATE LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2008

Schedules 30.03.08 30.03.07

Rs. Rs.

INCOME
Sub-letting Income & Hire Charges 1600986 1548244
(Incl TDS Rs.187557/- ; Pr. Yr. Rs. 151597/-)
Interest Received 88756 9647
Sundry Balance W/back - 3278
1689742 1561169

EXPENDITURE
Rent & Maintenance Charges 122400 122400
Administrative Expenses I 756800 822616
Loss on sale of Investments 168000 -
Depreciation 1743 2406
1048943 947422

Profit before tax 640799 613747

Less: Provision for Taxation :
Current tax 250000 205000
Fringe Benefits Tax 2100 1800
Deferred tax - 256
388699 406691
Add/Less: Excess/(Short) Provision for Income Tax
for earlier years written back - 691
Add: Balance Brought forward
from Previous Year 1273484 866102
1662183 1273484
Earnings per Share (Basic & Diluted) 35.44 39.87

SIGNIFICANT ACCOUNTING POLICIES AND

NOTES ON ACCOUNTS J
In terms of our Report of even date

For & on behalf of For & on behalf of the Board

S.B.Dandeker & Co.
Chartered Accountants D
I
R
E
(Kedarashish Bapat) C
Partner T
O
R
Place: Kolkata S
Date :16th July, 2008
 GIRDHARI ESTATES PRIVATE LIMITED

SCHEDULES FORMING PART OF THE ACCOUNTS

31.03.08 31.03.07
Rs. Rs.
SCHEDULE - "A"

SHARE CAPITAL
Authorised :
50000 Equity shares of Rs.10/-each 500000 500000

Issued, Subscribed & Paid up

15200 Equity shares of Rs. 10/-each
(Previous Yr. 10200 Equity Shares) 152000 102000
152000 102000
SCHEDULE - "B"

RESERVES & SURPLUS

Profit & Loss Account: 1662183 1273484
Share Premium Account 450000 Nil
2112183 1273484

SCHEDULE - "C"

FIXED ASSETS

FURNITURE & FIXTURE

Cost as per last account 712 712
Less: Depreciation:
Upto 31/03/2007 611 600
For the year 10 621 11 611
[A] 91 101
AIR CONDITIONER
Cost as per last account 22000 22000
Less: Depreciation:
Upto 31/03/2007 12239 10516
For the year 1464 13703 1723 12239
[B] 8297 9761
COMPUTER & ACESSORIES
Cost as per last account 10000 10000
Less: Depreciation:
Upto 31/03/2007 9552 8880
For the year 269 9821 672 9552
[C] 179 448

TOTAL [A+B+C] 8567 10310

 GIRDHARI ESTATES PRIVATE LIMITED

SCHEDULES FORMING PART OF THE ACCOUNTS

31.03.08 31.03.07
Rs. Rs.

SCHEDULE - "D"

INVESTMENTS:
(Other than Trade Investments)
UN-QUOTED
50000 Equity Shares of Rajasthan Fertiliser &
Chemical Corporation Ltd. Of Rs. 10/-each 67500 67500
2000 Equity Shares of Devi Gas Products Pvt.Ltd.
Of Rs. 100/-each - 200000
12000 Equity Shares of Devi Gas Products Pvt. Ltd.
of Rs. 100/- each 150000 -

217500 267500
SCHEDULE - "E"

SUNDRY DEBTORS
(Unsecured & Considered good)
Debts outstanding for a period
exceeding six months - -
Other Debts 34416 54494
34416 54494
SCHEDULE - "F"

CASH AND BANK BALANCES:

Cash in hand (As Certified by Directors) 161508 97231
Balance with Scheduled Bank-
in Current Account 479081 605828
in Fixed deposit 1544062 500000
2184651 1203059

SCHEDULE - "G"

LOANS & ADVANCES

(Unsecured & Considered good)
Advances recoverable in cash or in kind or for
value to be received - 80000
Staff Advance 81012 2500
Security Deposit 295000 295000
Tax Deducted at Source 0 249494
Advance Income Tax 67380 5760
Advance FBT 6453 4739

449845 637493
 GIRDHARI ESTATES PRIVATE LIMITED

SCHEDULES FORMING PART OF THE ACCOUNTS

31.03.08 31.03.07
Rs. Rs.

SCHEDULE - "H"

CURRENT LIABILITIES & PROVISIONS

CURRENT LIABILITIES
Security Deposit against Rent 289053 289053
Deposit against Hire Charges 16750 16750
Liabilities for Expenses 156391 175869
462194 481672
PROVISIONS
For Income Tax 559100 309100
For Fringe Benefits Tax 8700 6600
567800 315700

1029994 797372

SCHEDULE - "I"

ADMINISTRATIVE EXPENSES
Salary, Bonus & Other Allowances 413780 385897
Staff welfare Expenses 12838 5877
Rates & Taxes 3680 4182
Municipal Tax 30000 30000
Repairs to Godown 122431 169050
Repairs to Others 7066 7729
Electricity Charges 44330 48350
Telephone & Telex - 43
Travelling & Conveyance 18579 19540
Printing & Stationery 21063 23183
Postage & Telegram - 600
Cleaning & Maintenance - 11950
Watch & Ward 49203 75233
Legal & Professional Charges 1600 3978
Directors' Fees 1600 1600
Auditors' Remuneration 4490 4490
Miscellaneous Expenses 26140 30914

756800 822616
 GIRDHARI ESTATES PVT.LTD.

DETAILS OF SUB-LETTING INCOME FOR THE YEAR 31/03/2008

GOD. NO. S.FT. NAME OF THE TENANT RENT/PM MONTH YEARLY RENT
[Rs.]
13 DN 3200 DEOKI NANDAN AGARWALA 4250.00 12 51000.00
(15% After 3 Yr. 01.04.2008 )
13A DN 1200 THE INDIA CEMENT LTD. 11025.00 9 99225.00
(5% Yearly 1/07/08) 10500.00 3 31500.00

13B DN 1200 CALCUTTA INDORE TRANSPORT CO. 13783.00 9 124047.00

[5% Yearly 01/07/2008] 13127.00 3 39381.00

13 UP 2200 B.J. CORPORATION 1474.00 2 2948.00

[5% Yearly 01/11/2008] 1465.00 2 2930.00
1538.00 3 4614.00
1615.00 5 8075.00

13 UP 3200 SANTOSH KUMAR BAGRECHA 1500.00 12 18000.00

14 DN 3300 ASSAM BENGAL ROADWAYS LTD. 4800.00 12 57600.00

14 UP 1650 M.L.JHUNJHUNWALA 1725.00 12 20700.00

[15% After 3 Yrs. 01/04/2009]

14 UP 1650 O.P.JHUNJHUNWALA 1725.00 12 20700.00

[15% After 3 Yrs. 01/04/2009]

15 DN 3300 KERALA TRANSPORT CO. 9724.00 12 116688.00

[5% Yearly 01/04/2008]

16 DN 3300 BHARUKA ROADLINES PVT.LTD. 4800.00 12 57600.00

16 UP 3300 SHREE MAHAVEER SAREE PRINTING 4500.00 12 54000.00

[15% 3 Yr. 01.04.2009]

17 DN 1650 PRECIOUS CARRYING CORPORATION 14586.00 6 87516.00

[5% Yearly 01/10/2008] 13891.00 6 83346.00

17 DN 1650 YASH ENGINEERING 13200.00 10 132000.00

[10% After 3 Yrs. 01/02/2008] 14520.00 2 29040.00

17 UP 1650 ASHOK KUMAR JALAN 1218.00 8 9744.00

[5% Yearly 01/08/2008] 1160.00 4 4640.00

17 UP 1650 ARVIND KUMAR JALAN 1218.00 8 9744.00

[5% Yearly 01/08/2008] 1160.00 4 4640.00

GODOWN 1125 AJANTA TRANSPORT CO. PVT.LTD. 3000.00 6 18000.00

[15% After 3 Yrs. 01/10/2007] 3450.00 6 20700.00

SHED 1200 ASSAM BENGAL ROADWAYS LTD. 2400.00 12 28800.00

1137178.00
 GIRDHARI ESTATES PVT. LTD.

DETAILS OF HIRE CHARGES RECD. FOR THE YEAR 31/03/2008

AMOUNT

HIRALAL GAJADHARLAL 12000.00 12 144000.00

UMESH CHANDRA RAJENDRA PRASAD 12000.00 12 144000.00

JAMUNA WOOD PRODUCTS 5600.00 12 67200.00

G. N. EXPORT 4000.00 4 16000.00

KHANDELWAL SURTI PVT.LTD. 1600.00 12 19200.00

HERB-O-INDIA 7200.00 9 58400.00

5600.00 1 5600.00
4704.00 2 9408.00
TOTAL 463808.00

1600986.00

DETAILS OF RENT & MAINT.CHARGES PAID FOR THE YEAR 31/03/2008

DESCRIPTION AMOUNT
RENT
GDNS 35225 ATLAS & UNION JUTE PRESS CO.LTD. 6100.00 12 73200.00
SHED 1950 ATLAS & UNION JUTE PRESS CO.LTD. 450.00 12 5400.00
ATLAS & UNION JUTE PRESS CO.LTD. 100.00 12 1200.00
23DN H.CHAR. HANUMAN TRADING COMPANY 800.00 12 9600.00
A/C'S OFF. RENT THE HANUMAN ESTATES LTD. 250.00 12 3000.00
92400.00
MAINTENANCE CHARGES
ATLAS & UNION JUTE PRESS CO.LTD. 30000.00
TOTAL 122400.00
 GIRDHARI ESTATES PVT.LTD.

DEPOSITS AGAINST RENT AS ON 31/03/2008

SL.NO. NAME OF THE PARTY AMOUNT

1 OM PRAKASH JHUNJHUNWALA 1500.00

2 MOHANLAL JHUNJHUNWALA 1500.00
3 DEOKI NANDAN AGARWAL 4803.00
4 AJANTA TRANSPORT CO. PVT.LTD. 2775.00
5 SANTOSH KUMAR BAGRECHA 1500.00
6 BHARUKA ROADLINES 4800.00
7 BHARUKA ROADLINES PVT.LTD. 5000.00
8 SHREE MAHAVEER SAREE PRINTING WORKS 10000.00
9 ASHOK KUMAR JALAN 2500.00
10 ARVIND KUMAR JALAN 2500.00
11 KERALA TRANSPORT CO. 8000.00
12 CALCUTTA INDORE TRANSPORT CO. 30000.00
13 PRECIOUS CARRYING CORPORATION LTD. 42075.00
14 YASH ENGINEERING 75000.00
15 B.J.CORPORATION 2700.00
16 RAM BILASH AGARWALA 43700.00
17 SANJEEV AGENCY 13200.00
18 ASSAM BENGAL ROADWAYS 7500.00
19 THE INDIA CEMENT LTD. 30000.00
289053.00

SECURITY DEPOSIT (PAID) AS ON 31/03/2008

AMOUNT
1 ATLAS & UNION JUTE PRESS CO. LTD. 275000.00
CESC LTD. 20000.00
295000.00

DEPOSITS AGAINST HIRE CHARGES AS ON 31/03/2008

AMOUNT
1 JAMUNA WOOD PRODUCTS 10000.00
2 HERB-O-INDIA 6750.00

16750.00

DETAILS OF SUNDRY DEBTORS AS ON 31/03/2008

NAME OF THE PARTY MORE THAN

LESS THAN
6 MONTHS6 MONTHS

ASSAM BENGAL ROADWAYS LTD. - 8090.00

AJANTA TRANSPORT CO. LTD. - 11628.00
SHRE ASHOK KUMAR JALAN - 1369.00
 BHORUKA ROADLINES PVT. LTD. - 5393.00
B.J. CORPORATION - 1815.00
HORBO - O- INDIA - 10570.00
THE INDIA CEMENT LTD. - 27411.10
KHANDELWAL SURTI - 1798.00
SANTOSH KUMAR BEGRECHA - -1500.00
S.N. SONY - 4500.00
- 71074.10
LIST OF ADVANCES AS ON 31/03/2008
01 STAFF ADVANCE [B.D.OJHA] 6500.00
6500.00
77574.10
 GIRDHARI ESTATES PVT.LTD.

DETAILS OF TDS RECEIVABLE AS ON 31.03.2008

NAME APRIL'07 MAY'07 JUNE'07 JULY'07 AUG.'07 SEP.'07 OCT.'07 NOV.'07 DEC.'07 JAN.'08 FEB.'08 MAR.08
Calcutta Indore Trasp. 0 0 ### 10528.00 10528.00 10528.00
Hiralal Gajadharlal 0 0 5438.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 5438.00
Umesh Ch. Rajendra Pd. 0 0 5438.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 2719.00 5438.00
India Cement Ltd. 0 2356.20 2356.20 7137.90 7137.90 0 9517.20
Yash Engineering 0 5982.00 2991.00 2991.00 2991.00 2991.00 2991.00 2991.00 2991.00 2991.00 3290.00 3291.00
F.D With Vijaya Bank 15695.00
0 8338.20 ### 8429.00 8429.00 26094.90 8429.00 8429.00 26094.90 8429.00 8728.00 49907.20
 TOTAL
41610.00
32628.00
32628.00
28505.40
36491.00
15695.00
187557.40
 GIRDHARI ESTATES PVT.LTD.

DETAILS OF T.D.S. AS ON 31/03/2008

ASSTT. YEAR : 2006- 2007 AMOUNT

CALCUTTA INDORE TRANSPORT 33265.00
HIRALAL GAJADHARLAL 32316.00
UMESH CHAND RAJENDRA PRASAD 32316.00 97897.00

ASSTT. YEAR : 2007- 2008

CALCUTTA INDORE TRANSPORT 34928.00
HIRALAL GAJADHARLAL 32316.00
UMESH CHAND RAJENDRA PRASAD 32316.00
INDIA CEMENT LTD. 16493.00
YASH ENGINEERING 35544.00 151597.00

ASSTT. YEAR : 2008- 2009

CALCUTTA INDORE TRANSPORT 41610.00
HIRALAL GAJADHARLAL 32628.00
Y UMESH CHAND RAJENDRA PRASAD 32628.00
Y INDIA CEMENT LTD. 28505.40
Y YASH ENGINEERING 36491.00
Y F.D With Vijaya Bank 15695.00 187557.40

ASSTT. YEAR : 2009- 2010

CALCUTTA INDORE TRANSPORT
HIRALAL GAJADHARLAL
UMESH CHAND RAJENDRA PRASAD
INDIA CEMENT LTD.
YASH ENGINEERING
F.D With Vijaya Bank

INCOME TAX PAID

ASST. YEAR 2006-07 5760.00
ASST. YEAR 2007-08 61620.00
ASST. TEAR 2008-09 0.00
67380.00

PROVISION FOR TAXATION

ASST. YEAR 2006-07 104100.00
ASST. YEAR 2007-08 205000.00
ASST. TEAR 2008-09 250000.00
559100.00

FRINGE BENEFIT TAX PAID

ASST. YEAR 2006-07 4739.00
ASST. YEAR 2007-08 1714.00
ASST. TEAR 2008-09 0.00
6453.00

PROVISION FOR FRINGE BENEFIT TAX

ASST. YEAR 2006-07 4800.00
ASST. YEAR 2007-08 1800.00
ASST. TEAR 2008-09 2100.00
8700.00
 GIRDHARI ESTATES PVT. LTD.

DETAILS OF LONG TERM CAPITAL LOSS AS ON 31.03.2008

AMOUNT
Rs.
07.12.04 PURCHASE OF DEVI GAS PVT. LTD. 2000 SHARES @ Rs.100/- EACH 200000.00
18.01.08 SALE OF DEVI GAS PVT. LTD. 2000 SHARES @ Rs. 16/- 32000.00

CAPITAL LOSS 168000.00

 GIRDHARI ESTATES PVT.LTD.

DETAILS OF SALARY (FROM 01/04/2007 TO 31/03/2008)

NAME APRIL'07 MAY'07 JUNE'07 JULY'07 AUG.'07 SEP.'07 OCT.'07 NOV.'07 DEC.'07 JAN.'08 FEB.'08 MAR.08 TOTAL BONUS LEAVE TOTAL

B.R.CHATTERJEE 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 5400.00 64800.00 9360.00 8100.00 72900.00

NIRANJAN DAS 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 4200.00 50400.00 7200.00 6300.00 56700.00

C.P.KHEMKA 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 72000.00 9840.00 9000.00 81000.00

SALIK SINGH 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 4080.00 48960.00 6960.00 6120.00 55080.00

B.D .OJHA 0.00 0.00 0.00 3500.00 3500.00 3500.00 3500.00 3500.00 3500.00 3500.00 3500.00 3500.00 31500.00 6300.00 3500.00 35000.00

UMESH SINGH 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 4800.00 57600.00 8640.00 7200.00 64800.00

TOTAL 24480.00 24480.00 24480.00 27980.00 27980.00 27980.00 27980.00 27980.00 27980.00 27980.00 27980.00 27980.00 325260.00 48300.00 40220.00 413780.00

WATCH & WARD EXPENSES (FROM 01/04/2006 TO 31/03/2007)

NAME APRIL'06 MAY'06 JUNE'06 JULY'06 AUG'06 SEP'06 OCT'06 NOV'06 DEC'06 JAN'07 FEB'07 MAR.07 TOTAL

SATYENDRA YADAV 1650.00 1650.00 1650.00 4950.00

RAMPRAVESH SINGH 1650.00 1650.00 1650.00 4950.00

UMESH SINGH 1650.00 1650.00 1650.00 4950.00

K.C.NAYAK 1650.00 1650.00 1650.00 4950.00

AMRED GUARD 30305.00 30305.00

ORIENT SECURITY & DETECTIVE 7854.00 6061.00 5152.00 6061.00 25128.00

0.00 6600.00 6600.00 14454.00 0.00 6061.00 0.00 5152.00 6061.00 0.00 0.00 30305.00 75233.00
 GIRDHARI ESTATES PVT. LTD.

LIST OF SHAREHOLDERS AS ON 31/03/2008

L .F. NAME OF SHAREHOLDERS FATHER'S/HUSBAND'S NAME TYPE NO.OF AMOUNT/ ADDRESS TOWN/ STATE PIN
NO. SHARES SHARE CITY CODE
1 SULTANIA SAJJAN KUMAR SULTANIA SRINIWASH 1 300 10.00 2, MADHO KISTO SETH LANE KOLKATA W.B. 700 007
2 HISHARIA NAVIN CHAND HISHARIA NIRANJAN LAL 1 400 10.00 5,MADAN CHATTERJEE LANE KOLKATA W.B. 700 007
3 SONI SATYA NARAYAN SONI TOLARAM 1 100 10.00 AD-160, SALTLAKE CITY KOLKATA W.B. 700 064
4 NAGAR BRIJ KUMAR NAGAR KRISHNA DAS 1 100 10.00 7, SUKHLAL JOHARI LANE KOLKATA W.B. 700 007
5 SAHA PRAFULLA KUMAR SAHA MONINDRA MOHAN 1 100 10.00 77/8, BADERAIPUR ROAD KOLKATA W.B. 700 084
6 AGARWALA MADAN LAL AGARWALA TOLARAM 1 100 10.00 18/1, NIMTALLA GHAT STREET KOLKATA W.B. 700 006
7 CHOWDHURY HIMADRI MOHAN CHOWDHURY MONIDRA MOHAN 1 100 10.00 10/5, GANESH BANERJEE LANE KOLKATA W.B. 700 031
8 JALAN ARCHANA JALAN ANIRUDH 1 1500 10.00 8, B.B.D. BAG EAST KOLKATA W.B. 700 001
9 JALAN ANIRUDH [KARTA] LATE JALAN DEVI PRASAD 1 1000 10.00 8, B.B.D. BAG EAST KOLKATA W.B. 700 001
D.P.JALAN (HUF) 1
10 RAJASTHAN FERTILISERS & JOINT STOCK CO. 1 2500 10.00 19, R.N.MUKHERJEE ROAD KOLKATA W.B. 700 001
CHEMICAL CORPORATION LTD. 1
11 GAUTAM ENGINEERS LTD. JOINT STOCK CO. 1 2000 10.00 19, R.N.MUKHERJEE ROAD KOLKATA W.B. 700 001
12 DEVI EXPORTS PVT. LTD. JOINT STOCK CO. 1 2000 10.00 8, B.B.D. BAG EAST KOLKATA W.B. 700 001
13 CAMAY SECURITIES PVT. LTD. JOINT STOCK CO. 1 5000 10.00 133, B.RB. BASU ROAD, KOLKATA W.B. 700 001
15200
 GIRDHARI ESTATES PVT.LTD.

DETAILS OF MISC. EXPENSES AS ON 31/03/2007

2007-08 2006-07

BANK CHARGES 1758 799

BOOKS & PERIODICALS 453 1414
FILLING FEES 1400 1584
GENERAL CHARGES 7988 21607
SUNDRY BAL. W/OFF 1 0
LAW CHARGES 14540 5510
26140 30914

GIRDHARI ESTATES PVT.LTD.

DEPRECIATION CHART AS PER I.T.ACT 1961 AS ON 31/03/2008

DESCRIPTION RATE WDV ADDITION SALES TOTAL DEPRECIATION WDV

OF AS ON DURING DURING FOR THE AS ON
DEP. 31.03.2006 THE YEAR THE YEAR YEAR 31.03.2007

AIR CONDITION 15% 9761.00 9761.00 1464.00 8297.00

FURNITURE &
FIXTURE 10% 101.00 - 101.00 10.00 91.00

COMPUTER 60% 448.00 448.00 269.00 179.00

10310.00 - 10310.00 1743.00 8567.00

GIRDHARI ESTATES PVT.LTD.

DEPRECIATION CHART AS PER COMPANY ACT AS ON 31/03/2007

DESCRIPTION RATE WDV ADDITION SALES TOTAL DEPRECIATION WDV

OF AS ON DURING DURING FOR THE AS ON
DEP. 31.03.2006 THE YEAR THE YEAR YEAR 31.03.2007

AIR CONDITION

FURNITURE &
FIXTURE
COMPUTER

0.00 - 0.00 0.00 0.00

 GIRDHARI ESTATES PVT.LTD.

DETAILS OF OUTSTANDING LIABILITIES AS ON 31/03/2008

AMOUNT

S.B. Dandekar & Co. (F.Yr.: 2007- 08) 4490.00

BONUS (STAFF) 48300.00

(9360+7200+9840+6960+6300+8640)
LEAVE PAY
(3500+8100+6300+9000+6120+7200) 40220.00

CESC LTD. 4650.00

GENERAL EXP. 145.00
STAFF WELFARE (785+230) 1015.00
Service Tax Payble 56102.00
Devi Gas Product Pvt. Ltd. 1469.00

156391.00

SHARE PREMIUM RECEIVED AS ON 31.03.2008

CAMAY SECURITIES PVT. LTD. 5000 SHARES @ Rs.90/- 450000.00

SHARE ISSUED
CAMAY SECURITIES PVT. LTD. 5000 SHARES @ Rs.10/- 50000.00
 GIRDHARI ESTATES PRIVATE LIMITED

VIJAYA BANK

BANK RECONCILIATION SATEMENT MONTH OF MARCH,2007

BANLANCE AS PER OUR BANK BOOK 605,828.47

ADD: CHEQUE ISSUED BUT NOT PERSENTED FOR PAYMENT

DATE CH. NO. NAME

01.03.07 617329 AUDIT FEES 4,490.00

BALANCE AS PER BANK STATEMENT 610,318.47

GIRDHARI ESTATES PRIVATE LIMITED

VIJAYA BANK

BANK RECONCILIATION SATEMENT MONTH OF MARCH,2007

BANLANCE AS PER OUR BANK BOOK 605,828.47

ADD: CHEQUE ISSUED BUT NOT PERSENTED FOR PAYMENT

DATE CH. NO. NAME

01.03.07 617329 AUDIT FEES 4,490.00

BALANCE AS PER BANK STATEMENT 610,318.47
 GIRDHARI ESTATES PRIVATE LTD.
1A, K.P. Sinha Road,
Kolkata - 700002

Previous Yr. 2007 - 08 PAN No.: AABCG 0381 L

Asst. Yr. 2008 - 09 Status : Company

COMPUTATION OF TAXABLE INCOME

Amount
BUSINESS INCOME
As per Profit & Loss A/c 640799
Less: Interest Income 88756
Business Income 552043
Add : Loss on Sale of Investment 168000

INCOME FROM OTHER SOURCES

Interest 88756

Long Term Capital Loss on sale Investment

of Share in Devi Gas Products Pvt. Ltd.
(a) Cost of Indexation
200000 x 551 /480 229583
(b) Sale Value Realised 32000
Loss to be C/F 197583

Total Income 808799

Total Income R/off 808800

Tax on above
Income Tax [30%] 242640
Education Cess [3%] 7279
249919
Less: TDS 187557
Tax Payable 62362
Add: Interest U/s 234B 3744
U/s 234C 281
842
1403
624 3150 6894
Total Tax and Interest Payable 69256
Less: Paid U/s 140A(3) 69256
Nil
 GIRDHARI ESTATES PRIVATE LTD.
1A, K.P. Sinha Road,
Kolkata - 700002

Previous Yr. 2007 - 08 PAN No.: AABCG 0381 L

Asst. Yr. 2008 - 09 Status : Company

Calculation of Fringe Benefit Tax

Nature of Payment Amount Valuation Rate Value of FBT

Travelling & Conveyance 18579 20% 3715.80

Staff welfare Expenses 12838 20% 2567.60

6283.40
Fringe Banefit Tax 30% 1885
Surcharges 10% 189
2074
Education Cess 3% 62
FBT Payable 2136