PRESTIGE PROPERTIES PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH' 2008

SCHEDULE As at 31.03.08 As at 31.03.07

SOURCE OF FUNDS : Rs. P Rs. P

Share Holders Fund
Share Capital A 994,200 994,200
Reserves & Surplus B 11,690,658 8,515,249

Loan Funds
Secured Loans C 418,800 238,803

Deferred Tax Liability 32,416 -

13,136,074 9,748,252
APPLICATION OF FUNDS :
Fixed Assets D
Gross Block 19,801,982 16,827,040
Less: Depreciation 13,529,116 11,733,902
6,272,866 5,093,138

Investments E 2,500,000 3,550,000

Current Assets, Loans & Advances

Sundry Debtors F 1,536,403 1,199,672
Cash & Bank Balance G 4,530,206 1,017,669
Loans & Advances H 3,119,348 2,797,820

9,185,957 5,015,161
Less: Current Liabilities & Provisions:
Current Liabilities I 2,654,056 1,963,616
Provisions for:
Income Tax 2,142,693 1,915,010
Fringe Benefilt tax 26,000 31,421
4,822,749 3,910,047

Net Current Assets 4,363,208 1,105,114

13,136,074 9,748,252

Significant Accounting Policies &

Notes on Account N

In terms of our Report of even date

For & on behalf of

S.B. DANDEKER & CO D
Chartered Accountant I
R
E
C
T
(Kedarashish Bapat) O
Partner R
S

Place : Kolkata.
Date : 16th July, 2008
 PRESTIGE PROPERTIES PRIVATE LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2008

SCHEDULE For the year For the year

ended 31.03.08 ended 31.03.2007
INCOME: Rs. P Rs. P
Sale of Gas J 9953688 6,669,412

Rent ( including Maintenance Rs.60750/-) 3690532 3,212,447

(Pr.Yr.Rs.54,000/-)

Other Income K 1929743 1,258,729

15573963 11,140,588

EXPENDITURE

Trading & Mfg. Expenses : L 6,862,597 5,885,875

Administrative Expenses M 3,166,355 2,219,393

Depreciation 2,139,483 1,565,020

12,168,435 9,670,288
Profit for the year 3,405,528 1,470,300
Less: Provision for Taxation
Current Tax 196,272 534,300
Fring Benefit Tax 26,000 13,271
Deferred Tax 32,416 -
3,150,840 922,729
Add: Prior period adjustment
Excess tax provisions written back 24,569 -
Add: Brought Forward 8,513,729 7,478,372
Transfer from General Reserve 1,520
Balance carried to Balance Sheet 11,690,658 8,401,101
Basic/Dilute Earning per shares 31.69 10.41

Significant Accounting Policies &

Notes on Account N

In terms of our Report of even date

For & on behalf of

S.B. DANDEKER & CO
Chartered Accountant D
I
R
E
C
(Kedarashish Bapat) T
Partner O
R
S

Place : Kolkata.
Date : 16th July, 2008
 PRESTIGE PROPERTIES PRIVATE LIMITED

Schedules Annexed to and forming part of the Balance Sheet as at 31.03.2008

As at 31.03.08 As at 31.03.07
Rs. P Rs. P
SCHEDULE - A:

SHARE CAPITAL :
Authorised
100000 Equity Shares of Rs.10/- each 1,000,000 1,000,000

Issued Subscribed & Paid up:

99420 Equity Shares of Rs.10/- each
fully paid up in cash 994,200 994,200

994,200 994,200

SCHEDULE-B:

RESERVES & SURPLUS :

Profit & Loss Account :

Balance as per annexed account 11690658 8,515,249

11690658 8,515,249

SCHEDULE-C:

SECURED LOANS :

Term Loan 418,800 238,803

(From Auto Hitech Pvt. Ltd against hypothication of
Motor Car and personal guarantee of director)

418,800 238,803
 PRESTIGE PROPERTIES PRIVATE LIMITED
SCHEDULE -D FIXED ASSETS
( Schedule annexed to and forming part of the Balance Sheet as at 31.03.2008

Description GROSS BLOCK DEPRECIATION NET BLOCK

% Cost as at Additions Sales/ Total as at upto Provided Sale/ Total at As at As at
PA 01.04.2007 during Adjust- 31.03.2008 1.04.2007 During Adjustm- 31.03.2008 31.03.2008 31.03.2007
the year ment the year ent
Rs. P. Rs. P. Rs. P. Rs. P. Rs. P. Rs. P. Rs. P. Rs. P. Rs. P. Rs. P.
Plant & Machinery 13.91 4,078,999 - - 4,078,999 2,455,181 225,873 - 2,681,054 1,397,945 1,623,818
Cooling Tower 13.91 99,370 - - 99,370 49,324 6,961 - 56,285 43,085 50,046
Electric Installation 13.91 1,319,399 - - 1,319,399 552,670 106,652 - 659,322 660,077 766,729
Tube Well 13.91 84,455 - - 84,455 50,132 4,774 - 54,906 29,549 34,323
Transformer 13.91 183,050 - - 183,050 108,658 10,348 - 119,006 64,044 74,392
Travelling Trolly 13.91 5,738 - - 5,738 1,593 577 - 2,170 3,568 4,145
Factory Shed 10.00 1,053,431 - - 1,053,431 401,360 65,207 - 466,567 586,864 652,071
Furniture & Fixtures 10.00 5,650 - - 5,650 1,281 437 - 1,718 3,932 4,369
Motor Vehicle 30.00 695,529 - 347,745 347,784 680,429 4,530 344269 340,690 7,094 15,100
Motor Car 25.89 750,623 503,290 1,253,913 160,446 217,948 - 378,394 875,519 590,177
Oxygen Cylinder 40.00 8,550,796 2,819,397 - 11,370,193 7,272,828 1,496,176 - 8,769,004 2,601,189 1,277,968
16,827,040 3,322,687 347,745 19,801,982 11,733,902 2,139,483 13,529,116 6,272,866 5,093,138
 PRESTIGE PROPERTIES PRIVATE LIMITED

Schedule Annexed to and forming part of the Balance Sheet as at 31.03.2008

SCHEDULE-E: As at 31.03.08 As at 31.03.07

Rs. P. Rs. P.
INVESTMENTS (Other than Trade Investments)
Un-quoted:
Rural Electrification Development Corp Bonds - 3550000

Reliance Natural Resorces Mutual Fund (Div) 1,500,000 -

Reliance Natural Resorce Mutual Fund (Growth) 1,000,000 -
2,500,000 3,550,000

SCHEDULE-F :

SUNDRY DEBTORS:
( Unsecured and considered good )
Debts outstanding for a period more the six months - -

Other Debits 1,536,403 1,199,672

1,536,403 1,199,672

SCHEDULE-G :

CASH & BANK BALANCES :

Cash in hand ( as certified by Directors ) 168,933 60,939

Balance with Scheduled Bank

In Current Account
1) Vijaya Bank 37,260 94,563
2) ING Vysya Bank 416,013 454,166
In Fixed Deposit with ING Vysya Bank 3,908,000 408,000
4,530,206 1,017,669
 PRESTIGE PROPERTIES PRIVATE LIMITED

Schedules Annexed to and forming part of the Balance Sheet as at 31.03.08

As at 31.03.08 As at 31.03.07
Rs. P. Rs. P.
SCHEDULE-H :

LOANS & ADVANCES

(Unsecured and considered good )

Advances: ( Recovarable in cash

or in kind or for value to be
received pending adjustments) 51,500 52,342
Interest Accured on F.D. 408,696 156,258
Securuty deposit 28,000 712,067
Tax deducted at Source 1,895,975 1,165,247
Tax Paid FA 06-07 692,256 -
Advance Fringe Benefit Tax 42,921 19,650
3,119,348 2,105,564

SCHEDULE- I :

CURRENT LIABILITIES
Sundry Creditors 844,555 1,041,326
Security Deposit against Rent 1,070,980 506,480
Security Deposit on Cylinder 558,000 396,000
Other Liabilities 180,521 19,810
2,654,056 1,963,616
 PRESTIGE PROPERTIES PRIVATE LIMITED

Schedulees annexed to and forming part of the Profit & Loss Accounts for the year ended 31.03.2008

For the year For the year

ended 31.03.08 ended 31.03.07
Rs. P. Rs. P.
SCHEDULE- J :

Sale of Gas

Industrial Gas 9673557 6,255,938

Nitrogen Gas 152376 48,804
Medical Gas - 325,910
Co2 Gas 127755 38,760
9953688 6,669,412

SCHEDULE - K:

OTHER INCOME :

Delivery Charges ( Net ) 781143 526,287

Holding Charges 191039 133,887
Cylinder Hire Charges 64050 47,950
Power Incentive 468699 224,618
Interest Received 367118 325,987
Profit on Sale of Fixed Assets 48761 -
Sundry Credit Balancee Written Back 8933 -
1929743 1,258,729
*
 PRESTIGE PROPERTIES PRIVATE LIMITED
Schedules annexed to and forming part of the Profit & Loss Account for the year ended 31.03.2008
For the year For the year
ended 31.03.08 ended 31.03.07
SCHEDULE - L:
TRADING & MFG. EXPENSES :
CO2 Purchase 102,075 134704
Cylinder Storage Charge 108,000 108000
Labour Charges 731,037 271786
Power & Fuel 4,799,866 3437476
Stores & Spare Parts 619,934 939304
Repair To Machineries 22,058 373542
Vehicle Expenses 147,098 273917
Freight Carriage & Cartage 332,529 208775
Sales Discount 25653
6,862,597 5773157
SCHEDULE : M :
ADMINISTRATIVE & OTHER EXPENSES :
Salaries & Allowances 1008300 832,096
Gratuity 37951 NIL
Travelling & Conveyance 26192 25,975
Printing & Stationery 68681 79,387
Motor Car Expenses 167907 48,107
Insurance Charges - 9,320
Rates & Taxes 4080 23,638
Telephone & Telex 5752 19,209
Legal & Professional Charges 10400 13,071
Directors Fee 1600 1,600
Watch & Ward 169233 110,155
Interest on Car Loan - 20,617
Rent 166200 166,200
Maintanance Charges 90000 90,000
Municipal Tax 102000 102,000
Repairs to Building 735502 259,126
Repair to Others 11655 138,112
Canteen Expenses 11260 19,786
Audit Fee 14045 8,418
Brokerage & Commission 170500 25,520
Membership Subscription 30125 7,050
Sundry Balance Writton off - 163
Additional Sales Tax - 22,346
Miscellaneous Expenses 334972 197,498
3166355 2,219,393
ded 31.03.07
 PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF RENT AND MAINTENANCE RECEIVED AS ON 31.03.2008

SL. NO. GOD. NO. AREA NAME OF TENANTS RENT P.M SER.CH TOTAL RENT

1 1ADN 3000 SHREE ENTERPRISE 24000x12 288,000.00 2966x10 29660.00 317,660.00

15% 3-YRLY 1/11/2009

2 1A UP 2850 SRI SOHANRAJ SINGHVI 6533x2 13,066.00

5% YRLY 1/6/2007 6860x10 68,600.00 848x10 8480.00 90,146.00

3 1 BUP 1500 UNESH CHANDRA & RAJENDRA 7278x4 29,112.00 900x2 1800.00
PRASAD. 7642x8 61,136.00 945x8 7560.00 99,608.00
5% YRLY 1/8/2007

4 1DN 6600 TRANSOLUTION PVT. LTD. 25723x12 308,676.00 3179x10 31790.00 340,466.00
10% 3YRS 1/5/2009

5 2DN 2865 VARDHMAN TEXTILE LTD. 15965X1 15,965.00

5% YRLY 15/5/2007 16365x1 16,365.00
16763x10 167,630.00 2072x10 20720.00 220,680.00

6 2DN 2865 VARDHMAN SPINNING & 15964x1 15,964.00

GENERAL MILLS LTD. 16364x1 16,364.00
5% YRLY 15/5/2007 16762x10 167,620.00 2072x10 20720.00 220,668.00

7 3BDN 1136 RADHARAM SOHANLAL 6044x12 72,528.00 747x10 7470.00 79,998.00

15% 3YRS 1/5/2009

8 3CDN 1107 GOVIND RASAYAN 5889x12 70,668.00 728x10 7280.00 77,948.00

15% 3YRS 1/5/2009

9 5ADN 700 INTEGRATED DATA SYSTEM 7694x5 38,470.00 951x3 2853.00 104,869.00
5% YRLY 1/9/2007 8079x7 56,553.00 999x7 6993.00

10 5BDN 1800 S.N.PIPE MFG.CO. 6842x12 82,104.00 846x10 8460.00 90,564.00

5% YRLY 1/4/2007

11 5C DN 3250 TRANSOLUTIONS PVT. LTD. 42717x9 384,453.00 5280x7 36960.00

5GUP 2350 5% YRLY 1/1/2008 44853x3 134,559.00 5544x3 16632.00 572,604.00

12 7DN 4100 DURGA TRADERS 42943 X 7 300,601.00 5308x5 26540.00 327,141.00

5% YRLY 1/1/2006

13 7DN 4100 S.N. PIPE MFG. CO 40000x5 200,000.00 4944x5 24720.00 224,720.00

14 8ADN 1600 THE INDIA CEMENT LTD 13440x2 26,880.00

5% YRLY 01.06.07 14112x10 141,120.00 1744x10 17440.00 185,440.00

15 8BDN 1000 THE INDIA CEMENT LTD 8400x3 25,200.00 1038x1 1038.00
15% 3YRS 1/07/2007 8820x9 79,380.00 1090x9 9810.00 115,428.00

16 8DN 1600 CENTRAL ROADWAYS 12800x3 38400.00 1582x1 1582.00

13130x1 13130.00 1623 1623.00
13440x1 13440.00 1661 1661.00 69836.00
17 8 DN 1600 G.N.EXPORT 7500x2 15,000.00
15% 3YRS 1/06/2007 8625x10 86,250.00 1066x10 10660.00 111,910.00
 PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF RENT AND MAINTENANCE RECEIVED AS ON 31.03.2008

SL. NO. GOD. NO. AREA NAME OF TENANTS RENT P.M SER.CH TOTAL RENT

18 9ADN 1600 THE INDIA CEMENTS LTD 16000x11 176,000.00 1978x10 19780.00 195,780.00
5% YRLY 19/2/2008

19 NEAR 1200 POLAR INDUSTRIES 5000x1 5,000.00

W. GATE 5% YRLY 01/4/2008 10000x11 110,000.00 1236x10 12360.00 127,360.00

20 9 CENTRAL ROADWAYS 32940x7 230,580.00 4071x7 28497.00 259,077.00

15% 3YRS 01/11/2007

21 8DN THE INDIA CEMENT 16000x2 32,000.00 1978x2 3956.00 35,956.00

22 TRANSWAYA 10322X1 10,322.00 1276X1 1276.00

16000x3 48,000.00 1978x3 5934.00 65,532.00
23 9UP DIBYA INDUSTRIES 10645x1 10,645.00
30000x2 60,000.00 70,645.00
TOTAL "A" 3,629,781.00 ### 4,004,036.00
MAINTENANCE CHARGES
B 8DDN G.N.EXPORTS 4500x2 9,000.00
1 5175x10 51,750.00 640x10 6400.00 67,150.00
TOTAL "B" 60,750.00 67,150.00
TOTOAL A + B 3,690,531.00 ### 4,071,186.00
*

*
*

*
 PRESTIGE PROPERTIES PVT. LTD.

QUANTITATIVE DETAILS OF INDUSTRIAL OXYZEN GAS,MEDICAL GAS & CO2 GAS SALES FOR THE F.Y 2007-08

MONTH IND. OXYZEN GAS NITROGEN SALES CO2 GAS

CUM RS. P CUM RS. P KG
APRIL'07 60,812.00 711,024.20 735.00 8,820.00 360
MAY'07 65,324.00 735,882.00 1,491.00 17,892.00 255
JUNE'07 68,012.00 740,650.40 1,890.00 22,680.00 360
JULY'07 67,767.00 750,198.40 1,064.00 12,768.00 300
AUG'07 72,674.00 820,666.56 - - 540
SEPT'07 61,614.00 706,088.74 1,008.00 12,096.00 330
OCT'07 64,155.00 739,076.03 2,051.00 24,612.00 510
NOV'07 72,597.00 822,601.71 - - 390
DEC'07 79,548.00 901,118.12 1,253.00 15,036.00 750
JAN'08 80,046.00 915,799.64 280.00 3,360.00 810
FEB'08 81,186.00 914,673.41 280.00 3,360.00 780
MARCH'08 80,514.00 915,774.86 896.00 10,752.00 1110
854,249.00 9,673,554.07 10,948.00 131,376.00 6495

QUANTITATIVE DETAILS OF CO2 GAS PURCHASES DURING THE F.Y 2007-08

MONTH CO2 GAS PURSHASED CO2 GAS SOLD CLOSING STOCK OF CO2
KG RS. P KG RS. P KG RS. P
Apr-07 360 5,220.00 360 6,120.00 - -
May-07 240 4,320.00 255 11,475.00 - -
JUNE 240 5,880.00 360 10,800.00 - -
JULY 450 7,875.00 300 5,400.00
Aug-07 540 8,370.00 540 9,720.00
SEP.07 180 915.00 330 5,940.00
OCT.07 900 13,950.00 510 9,180.00
NOV.07 540 8,370.00 390 7,020.00
DEC.07 720 11,160.00 750 13,500.00
Jan-08 660 10,230.00 810 14,580.00
Feb-08 1170 18,135.00 780 14,040.00
Mar-08 450 6,975.00 1110 19,980.00
6450 101,400.00 6495 127,755.00
PRESTIGE PROPERTIES PVT. LTD.

COMPUTATION OF INCOME TAX FOR THE ASSESSMENT YEAR 2008-09

COMPUTATION OF BUSINESS INCOME

PROFIT AS PER PROFIT & LOSS ACCOUNT 3,405,528
LESS : INCOME CONSIDER UNDER THE HED OF OTHER SOURCE
A) INTEREST ON INVESTMENT 24,509
B) INTEREST ON FIXED DEPOSIT 342,609
C ) INTEREST FROM I.T.
D ) INTEREST FROM NSC 367,118
3,038,410
ADD : DONATION & CHARITY 6400
 3,044,810
ADD: Deprciation as per Company Act 2,139,483
Less: Depreciation as per Income Act. 2,827,635 (688,152)
2,356,658
INCOME FROM OTHER SOURCE

A) INTEREST ON INVESTMENT 24,509

B) INTEREST ON FIXED DEPOSIT 342,609
C ) INTEREST FROM I.T.
D ) INTEREST FROM NSC 367,118
TOTAL INCOME 2,723,776

TOTAL INCOME ROUNDED OFF U/S 288A 2,727,273

COMPUTATION OF INCOME

INCOME TAX ON ABOVE @ 30% 818,182

SURCHARGE ON @ 10% 81,818
900,000
EDUCATION CESS @ 3% ON Rs. 900000 27,000
INCOME TAX PAYABLE U/S 140A 927,000
LESS : TAX DEDUCTED AT SOURCE 730,728
196,272

PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF CALCULATION OF FRINGE BENEFIT TAX FOR THE ASST. YEAR 2008-09

ACCOUNT HEADS AMOUNT AMOUNT

-
MOTOR CAR EXP
CAR EXPENSES 153,706.00
DEPRICATION 217,948.00 371,654.00
TELEPHONE & TELEX 5,752.00
TRAVELLING & CONVEYANCE 25,899.00

403,305.00
20% OF 80,661.00

FRINGE BENEFIT TAX ON Rs.80661/- @ 30% 24198

Surcharge @ 10% of Rs.24649/-
24198
Education Cess on Rs.24198/- @ 3% 726
FRINGE BENEFIT TAX PAYABLE 24924
 DEVI GAS PRODUCTS PVT LTD

COMPUTATION OF INCOME TAX FOR THE ASSESSMENT YEAR 2008-09

COMPUTATION OF BUSINESS INCOME

PROFIT AS PER PROFIT & LOSS ACCOUNT
LESS : INCOME CONSIDER UNDER THE HED OF OTHER SOURCE
A INTEREST ON F.D

ADD: DEPRECIATION AS PER COMPA

INCOME FROM OTHER SOURCE

TOTAL INCOME

TOTAL INCOME ROUNDED OFF U/S 288A

COMPUTATION OF INCOME

INCOME TAX ON ABOVE @ 30%

SURCHARGE ON Rs. 476166 @ 10%

EDUCATION CESS @ 2% ON Rs. 523783/-

INCOME TAX PAYABLE U/S 140A
LESS : TAX DEDUCTED AT SOURCE
INCOME TAX PAYABLE U/S 140A
ALES FOR THE F.Y 2007-08

CO2 GAS
RS. P
6120.00
11475.00
10800.00
5400.00
9720.00
5940.00
9180.00
7020.00
13500.00
14,580.00
14,040.00
19,980.00
127,755.00

45
YEAR 2008-09
3405528

3405528

3405528
20632
3426160

1587220

476166
47616
523782
10476
534258
525921
8337
 PRESTIGE PROPERTIES PVT. LTD.
DETAILS OF INTEREST RECEIVED AS ON 31.03.2008

SL.NO. PARTICULAR Intt. Amount

@ 5.60% P.A
1 Rural Electrification Corp. Ltd. Rs. P.
355 Bonds @ of Rs.10000/- each 24,509.00
Rs. 35,50,000/- Maturity on .
2 Interest Received from Security (W.B.S.E.) 24,677.00
3 Interest from NSC
4 Interest on FD 317,932.00
TOTAL 367,118.00

DETAILS OF HOLDING CHARGES RECEIVED AS ON 31.03.2008

SL. NO. NAME OF THE PARTY AMOUNT

Rs. P.
1 VIJEET INTERNATIONAL PVT. LTD. 3,674.00
2 BMW INDUSTRIES 1,190.00
3 B.K. TRADING CO 186,175.00
TOTAL 191,039.00

PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF POWER & FUEL AS ON 31.03.2008

MONTH UNIT CONSUMED AMOUNT

Rs. P.
APRIL'06 100650 366,501.00
MAY '06 100245 361,509.00
JUNE'06 103455 ADJ AGAINST SECURITY DEPOSIT 364,382.67
JULY'06 100110 Rs.345861.33 ADJ AGAINST SECURITY 373,925.33
AUG'06 103575 376,436.00
SEP'06 107875 417,097.00
OCT'06 89445 432,063.00
NOV'06 86780 409,686.00
DEC'06 104730 429,193.00
JAN'07 108895 446,356.00
FEB'07 92175 381,594.00
MAR'07 113530 441,123.00
TOTAL 4,799,866.00
 PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF DEPOSIT AGAINST RENT AS ON 31.03.2008

SL. NO. NAME OF THE TENANTS AMOUNT

Rs. P.

1 OM CARRYING CORPORATION 39,600.00

2 RADHARAM SOHANLAL 6,816.00
3 GOVIND RASAYAN UDYOG 10,514.00
4 MAHAVIR SPINNING MILLS LTD 17,500.00
5 VARDMAN SPG.& GEN MILLS LTD 17,500.00
6 DURGAPUR CEMENT WORKS 60,000.00
7 SOHANRAJ SINGHVI 8,771.00
8 UMESH CHANDRA RAJENDRA PRASAD 10,500.00
9 INTEGRATED DATA SYSTEM 20,479.00
10 S.N.PIPE MFG.CO. 12,000.00
11 G.N. EXPORTS 80,000.00
12 INDIA CEMENT LTD 24/06/2005 86,400.00
13 J.B.UDYOG 25/08/2005 24,000.00
14 CENTRAL ROADWAYS 7/18/2006 96,900.00
15 SHREE ENTERPRISE 11/1/2006 72,000.00
16 POLAR FAN INDUSTRIES 60,000.00
17 TRANSWAYS 48,000.00
18 DIBYA INDUSTRIES 400,000.00
TOTAL 1,070,980.00

DETAILS OF DEPOSIT AGAINST CYLINDERS AS ON 31.03.2008

SL. NO. NAME OF THE DEPOSITERS AMOUNT

Rs. P.

1 UNITED GASES 36,000.00

2 RELIANCE TRADEING CORP. 55,000.00
3 BENGAL TRADING CO. 50,000.00
4 HINDUSTAN GAS & WEL 75,000.00
5 DOL TRADERS 11/10/2006 30,000.00
6 B.K. TRADING CO. 262,000.00
7 OXYGEN UDYOG 50,000.00
TOTAL 558,000.00
 PRESTIGE PROPERTIES PVT. LTD.
DETAILS OF SUNDRY CREDITORS AS ON 31.03.2008
SL. NO. NAME OF THE PARTY AMOUNT
Rs. P.
1 SONAI ENTERPRISES 30,000.00
2 SHREE MA INDUSTRIAL GASES 18,512.00
3 VIJEET INTERNATIONAL PVT. LTD. 8,425.00
4 BHARAT PETRO CENTRE 58,481.00
2 TARAMA SUPPLY AGENCY 7,847.00
TOTAL "A" 123,265.00
DETAILS OF OUTSTANDING LIABILITY AS ON 31.03.2008
SL. NO. ACCOUNT HEAD AMOUNT
Rs. P.
1 SALARY & ALLOWANCE 161,147.00
2 MOTOR CAR EXPENSES 10,124.00
3 TRAVELLING & CONVEYANCE 1,747.00
4 TELEPHONE & TELEX 280.00
5 GENERAL EXPENSES 200.00
6 WATCH & WARD 19,454.00
7 FREIGHT CARRIAGE & CARTAGE 8,500.00
8 FACTORY EXPENSES 11,089.00
9 LABOUR CHARGES 29,851.00
10 AUDIT FEE 11,875.00
11 POWER SUPPLIED TO PLANT 441,123.00
12 LEAVE SALARY FOR 2007-08 25,900.00
721,290.00
844,555.00
 PRESTIGE PROPERTIES PVT. LTD.
DETAILS OF SECURITY DEPOSIT AS ON 31.03.2008
SL. NO. NAME OF THE DEPOSITEE AMOUNT
Rs. P.
1 ATLAS & UNION JUTE PRESS CO. LTD. 16,500.00
(RENT Rs.15000/- + ELEC. Rs.1500/-
2 DAGA AUTO SERVICE 5,000.00
3 RADHA SERVICE STATION 5,000.00
5 SETHIA TRADING 1,500.00
28,000.00

DETAI;S OF STAFF ADVANCE AS ON 31.03.200 TOTAL

SL. NO. NAME OF THE STAFF AMOUNT

Rs. P.

1 UDAY MULLICK 3,000.00

2 BASANT GUPTA 3,500.00
3 I.N. MUKHERJEE 33,500.00
4 JAI NARAYAN RAI 6,000.00
5 SURJEET SINGH 1,500.00
6 SALIK SINGH 2,000.00
7 VINOD YADAV 2,000.00
TOTAL 51,500.00
 PRESTIGE PROPERTIES PVT. LTD.
DETAILS OF SUNDRY DEBTORS FOR A.Y. ENDED 31.03.2008
SL. NO. NAME OF THE PARTY AMOUNT
Rs. P.
"A" GAS
1 BHARAT OXYGEN 87,796.00
2 B.K. TRADING CO 97,637.00
3 BANSAL UTKASH LIMITED 49,056.00
4 BENGAL TRADING CO 19,806.00
5 DOL TRADERS 44,455.00
6 DEVI GAS PRODUCTS PVT. LTD 36,516.00
7 GAUTAM ENGINEERS LTD 89,107.00
8 HINDUSTAN GAS WELDING 10,638.00
9 JINDAL INDIA LTD 155,420.00
10 NATIONAL WELDING WORKS 21,786.00
11 RAJASTHAN FERT. & CHEM. CORPN. LTD 24,898.00
12 SHREE GOPAL ENGG. 13,408.00
13 SHREE GOVIND ENGINEERING 15,297.00
14 TARAMA SUPPLY AGENCY 155,270.00
15 BMW INDUSTRIES LTD 20,894.00
16 UTKASH TUBES & PIPES 105,319.00
17 VRINDA ENGINEERS (P) LTD 115,374.00
TOTAL 'A' 1,062,677.00
"B" RENT

18 DIBYA INDUSTRIES 60,000.00

19 RADHARAM SOHANLAL 40,746.00
20 S.N. PIPE MFG. CO 15,302.00
21 SHREE ENTERPRISE 44,043.00
22 THE INDIA CEMENT LTD 114,733.00
23 TRANSOLUTIONS PVT. LTD. 198,902.00
TOTAL "B" 473,726.00
TOTAL "A" + 'B' 1,536,403.00

DETAILS OF TAX DEDUCTED AT SOURCE FOR A.Y.ENDED 31.03.2008

SL. NO. NAME OF THE PARTY AMOUNT
1 OPENING 1,165,247.00
2 DURGA TRADERS 68,117.00
3 VARADMAN TEXTILES 50,006.00
5 VARDHMAN SPINNING 50,006.00
6 SHREE ENTERPRISES 59,327.00
7 CENTRAL ROADWAYS 74,380.00
8 TRANSOLUTION 180,408.00
 9 THE INDIA CEMENT 107,315.00
10 S.N. PIPE 60,825.00
11 TRANSWAYS 14,850.00
12 TDS ON F.D. 65,494.00
TOTAL 1,895,975.00

PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF RENT PAID FOR THE YEAR ENDED 31.03.2008
SL. NO. NAME OF THE PARTY AMOUNT
Rs. P.

1 HANUMAN ESTATE LTD.( 3850 X 12 + 250 X 12) 49,200.00

2 ATLAS & UNION JUTE PRESS LTD. 117,000.00

TOTAL 166,200.00

PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF SERVICE TAX DUE FOR 31.03.2008

1 THE INDIA CEMENT LTD 17,440.00

1,038.00
9,810.00
19,780.00
3,956.00
2 TRANSOLUTION 31,790.00
36,960.00
16,632.00
3 S.N. PIPE 8,460.00
4 SHREE ENTERPRISES 5,952.00
5 RADHA RAM SOHANLAL 3,882.00
155,700.00
SERVICE TAX COLLECTED DURING MARCH
DEPOSITED 22,218.00
177,918.00
SHORT RECEIVED FROM VARIOUS PARTIES 465.00
178,383.00

DETAILS OF SHORT TERM CAPITAL GAIN AS ON 31.03.2008

SALE OF MOTOR VEHICLE 45,000.00

GAIN OF INVEST DSP MERILL LUNCH 7,237.00
52,237.00
DETAILS OF SECURED LOAN
LOAN FROM HDFC BANK 430,000.00
ROAD TAX 23,750.00
DOWN PAYMENT 63,740.00
517,490.00
LESS: MISC. EXPENSES 14,200.00
 PRESTIGE PROPERTIES PVT. LTD.

BANK RECONCILATION STATEMENT OF ING VYSYA BANK LTD AS ON 31/03/03/2007

PARTICULARS AMOUNT AMOUNT

RS. P. RS. P.
BALANCE AS PER BANK STATEMENT 291,371.39
ADD: SHORT CREDITED BY BANK 360.00
291,731.39
ADD:CHEQUE DEPOSITED BUT NOT CLEARED
TILL 31.03.2007

DATE CH. NO PARTY NAME

29.03.2008 416536 NATIONAL WELDING 50,211.00
29.03.2008 292479 INTEGRATED DATA SYSTEM 16,254.00
29.03.2008 4435 VATATMAN TEXTILES 29,133.00
29.03.2008 444 VARATMAN SPG. 29,133.00
124,731.00
LESS: CHEQUE ISSUED BUT NOT 416,102.39
CLEARED TILL 31.03.2007

DATE CH. NO PARTY NAME

25.03.2008 292167 TOLLYGUNGE CLUB 449.44
449.44
BALANCE AS PER BOOKS 416,012.95

Misc. Expenses
Donation & Subscription 6,400
Advertisment 1,000
Bank charges 15,541
Electrical Charges 18,559
Filing Fees 2,212
Maintanance charges 2,870
Postage & Telegraph 608
General Charges 88,110
135,300

SALARY 780,588
BONUS 25,735
MEDICAL 25,773
832,096

355 Bonds @ Rs.10000/- each 198,800

Interest Received from F.D 58,351
Interest from I.T 46,306
Interest from NSC 22,530
325,987

HOLDING CHARGES RECD 134,328

HOLDING CHARGES PAID 441
133,887

DELIVERY CHARGES RECD. 527045

DELIVERY CHARGES PAID 758
526287

LAW CHARGES 5500

PROFESSUONAL CHARGES 7571
13071

STORES & SPARES 937754

Packing & Forwarding 1550
939304

Additional Sales Tax 15000

Sales Taqx Appeal 7346
22346
 DETAILS OF SALARY AND ALLOWANCE FOR THE YEAR FINANCIAL YEAR 2007-08

Sl. No. Name of the Employee Basic Salary M O N T H

April May June July Aug Sept. Oct Nov Dec Jan Feb. March Total Bonous
1 I.N. Mukherjee 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000 14,000

2 Dayaram Shaw 4,912 4,904 4,788 5,142 5,023 5,035 953 - 4,387 - - - 35,144 -

3 S. Rao 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 3,950 47,400 7,900

4 Rajendra Pd. Singh 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 2,925 35,100 5,850

5 Chowdhury Karan 5,400 - 720 5,400 5,400 5,400 5,400 5,400 2,880 5,400 5,400 5,400 5,400 52,200 10,440

6 D.J.Choudhary 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 10,000

7 S.K.Hisaria 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 10,000

8 Jairam Yadav 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 3,250 39,000 6,500

9 Gobinda Kundu 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 30,250 5,500

10 Abhilash Singh 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800 4,800

11 Robin Bacher 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 2,350 28,200 4,700

12 Dwaraka Prasad 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000 5,000

13 Jai Narayan Rai 1,925 1,925 1,925 1,925 1,925 1,925 1,925 1,925 128 1,925 1,925 1,925 1,925 21,303 3,850

14 Jitendra Gupta 5,050 4,443 - - - - - - - - - - - 4,443 -

15 Uday Mallick 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000 7,200

16 P.Madhusudan 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 12,000

Salary - - - - - - - - - - - - - 601,140 -
Other Allowances - - - - - - - - - - - - - 153,032 -
107,740

Grand Total 215,480

Medical Expenses
Bonus
 368,512

DETAILS OF LABOUR CHARGES

Name of the Labour Basic April may June July August Sept. Oct. Nov Dec. Jan Feb Mar Total Bonus

Surjit Singh 1800 300 1800 1800 465 1800 1800 1800 1800 1800 1800 1800 1800 18765 3126

Ganesh Singh 1800 1800 1800 1800 1800 1800 1800 1800 1620 1800 1800 1800 1800 21420 3569

Babulu Jha 1850 1850 1850 1850 1850 1850 1850 1850 1357 1850 1850 1850 1850 19857 3308

Basant Gupta 1750 1750 1750 1575 1750 1750 1750 1410 1750 1750 1750 1750 1750 20485 3413

Ramdular Yadav 1850 1850 1850 1850 1850 1850 1850 1850 1850 537 1850 1850 1850 20887 3480

Vinod Yadav 1750 1750 1750 1750 1750 1750 1750 1750 1750 1750 1750 1750 1750 21000 3500

Surendra Yadav 1800 1800 581 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 20381 3395

Rameswar Rai 1850 1850 1850 1850 1850 1850 1850 1432 1850 1850 1850 1850 1850 21782 3629
164577 27420

560,509
 PRESTIGE PROPERTIES PVT. LTD.
DETAILS RELATING TO TAX DEDUCTED AT SOURCE/COLLECTED FOR THE YEAR 2007-08
1. Niranjan Pradhan

Date of Payment/ Amount of Rate at Amount Date of

Credited Income Tax Which paid Payment Remarks
Deducted(Rs.) Deducted

4/3/2007 194c 203.00 2.44 203.00 4/4/2007 Labour Charge

4/18/2007 194c 195.00 2.44 195.00 7/17/2007 "
5/25/2007 194c 382.00 2.44 382.00 5/25/2007 "
6/1/2007 194c 241.00 2.44 241.00 6/1/2007 "
6/18/2007 194c 235.00 2.44 235.00 7/16/2007 "
7/18/2007 194c 471.00 2.44 "
8/3/2007 194c 272.00 2.44 743.00 8/9/2007 "
8/21/2007 194c 259.00 2.44 "
9/3/2007 194c 262.00 2.44 521.00 9/19/2007 "
9/19/2007 194c 270.00 2.44 "
10/4/2007 194c 240.00 2.44 510.00 10/8/2007 "
11/2/2007 194c 486.00 2.44
11/19/2007 194c 247.00 2.44 833.00 11/23/2007 "
12/3/2007 194c 242.00 2.44
12/17/2007 194c 248.00 2.44 490.00 12/20/2007 "
2/19/2008 194c 246.00 2.44 "

2. Mansha Ranjan Pradhan

1/3/2008 194c 269.00 2.44 "

1/16/2008 194c 257.00 2.44 526.00 2/4/2008 "
2/7/2008 194c 267.00 2.44 "

3. Exact

6/8/2007 194H 1,020.00 5.1 1,020.00 7/17/2007 Brokerage

2/4/2008 194H 1,648.00 10.3 1,648.00 2/4/2008 "
2/13/2008 194H 3,090.00 10.3 3,090.00 2/13/2008 "

4. Sohanlal Baid

10/29/2007 194H 2,009.00 10./3 2,009.00 10/29/2007 Brokerage.

ANNEXURE "A1"

Note 1. Addition to Motor Car

Bill D Bill No. Name ofPartculars Date of Paymt. Amount Date of Put
to use
29.02 1704 Auto Hit Motor Car 20.02.2008 503,290.00 29.02.2008
Tower

Note 2. Addition of Cylinder Account

Bill D Bill No. Name ofPartculars Amount

06.05 90 Everest Oxygen Cylinders 701,850.00 12.04.2007

Cylinder 100 nos.

30.08 480 Everest Oxygen Cylinder 701,850.00 22.06.2007

Cylinder 100 nos

12.07 320 Everesr Oxygen Cylinder 701,850.00 23.07.2007

Cylinder 100 nos

12.02 246 Maruti K Oxygen Cylinder 713,848.00 27.11.2007

Cylinder 100 nos 19.12.2007

2,819,398.00
 PRESTIGE PROPERTIES PVT. LTD.

DEPRECIATION AS PER INCOME TAX ACT AS ON 31.03.2008

S.No. PARTICULARS Rate of

Depreciation W.D.V Addition bet- Addition bet- Sales (1)+'(2)+'(3)-(4) Depreciation Depreciation Total Net Block as on
ween April to ween Oct to during the year on '(1)+(2) on '(3) Depreciation 31.03.08
01.04.07 September March (6)+(7) (5)-(8)
(1) (2) (3) (4) (5) (6) (7) (8) (9)

1 Buliding
Factory Shed 10% 652,071 - - - 652,071 65,207 - 65,207 586,864

2 Furniture & Fixtures 10% 4,626 - - - 4,626 463 - 463 4,163

3 Machinery & Plant

Plant & Machinery 15% 1,623,818 - - - 1,623,818 243,573 - 243,573 1,380,245
Electric Installation 15% 766,729 - - - 766,729 115,009 - 115,009 651,720
Cooling Tower 15% 50,046 - - - 50,046 7,507 - 7,507 42,539
Tube Well 15% 34,323 - - - 34,323 5,148 - 5,148 29,175
Electric Transformer 15% 74,392 - - - 74,392 11,159 - 11,159 63,233
Travelling Trolly 15% 4,145 - - - 4,145 622 - 622 3,523
Motor Car 15% 590,177 - 561,350 - 1,151,527 88,527 42,101 130,628 1,020,899

4 Motor Vehicle 30% 15,000 - - - 15,000 4,500 - 4,500 10,500

5 Oxygen Cylinder 60% 1,277,968 2,105,550 713,847 - 4,097,365 2,030,111 214,154 2,244,265 1,853,100

Total 5,093,295 2,105,550 1,275,197 - 8,474,042 2,571,826 256,255 2,828,081 5,645,961

-
* In this context we have relied upon the figures as per last return for the purpose of consideration of opening written down value of assets.
* If any dispute is lying with reference of deprication charge relating to earlier years.
we are unable to comment in this respect for assessment order in upto date context.
ADDITION DURING THE YEAR
Oxygen Cylinder : April 07 to September 07 Cylinder from October 07 to March 08
12.04.2007 701,850.00 27.11.2007 350,000.00
22.05.2007 24,950.00 19.12.2007 362,867.00
22.06.2007 701,850.00 712,867.00
23.07.2007 701,850.00
24.07.2007 26,275.00
2,156,775.00

Motor Car 22.02.2008 561350

-
 PRESTIGE PROPERTIES PVT. LTD.

DETAILS OF QUARERLEY SALES AND PURCHASE AND INPUT TAX CREDIT AVAILED THEREON AS ON 31.03.2008
ANNEXURE "A"

PARTICULAR AGGD.SALES VAT @ 4% VAT @ 12.5% TOTAL AGGED. PURD. VAT @ 4% VAT @ 12.5% TOTAL EXCESS BALANCE BALANCE DATE
ON SALE ON SALE OUTPUT VAT ON PURD ON PURCHD ITC ITC B/F PAYABLE PAID.
OPENING BALANCE 19,810
1ST QTR. 2,451,402 98,056 - 97,009 3,880 - - - 36,000 19.06.2007
77,787 - 9,723 107,779 21,515 2,689 - 33,000 19.06.2007
- - - - - - 6,569 - -
2,529,189 98,056 9,723 107,779 118,524 3,880 2,689 6,569 - 121,020 69,000
EXCESS PAID 52,020
52,020
2ND QTR 2,522,730 100,909 - - 35,000 23.07.07
45,924 - 5,741 106,650 36,301 - 4,538 4,538 - 35,000 23.08.07
- - - - - - - - - - 35,000 21.09.07
2,568,654 100,909 5,741 106,650 36,301 - 4,538 4,538 0 154,132 105,000
EXCESS PAID 49,132
49,132
3RD QTR. 2,725,310 109,012 - - 35,000 13.10.07
69,348 8,669 117,681 50,746 - 6,343 6,343 35,000 23.11.07
37,000 14.12.07
2,794,658 109,012 8,669 117,681 50,746 - 6,343 6,343 0 160,470 107,000
EXCESS PAID 53,470
53,470
4TH QTR 3,050,617 122,025 - 39,382 1,575 - 29,630 21.01.2008
48,600 - 6,075 128,100 249,586 - 27,732 29,307 - 41,285 20.02.2008
- - - - - - - - - 40,000 17.03.2008
15,000 20.03.2008
3,099,217 122,025 6,075 128,100 288,968 1,575 27,732 29,307 0 152,263 125,915
EXCESS PAID 26,348

GRAND TOTAL 10,991,718 430,002 30,208 460,210 494,539 5,455 41,302 46,757 607,695 406,915
Short delivery charges received has not been shown in VAT return.
 PRESTIGE PROPERTIES PVT. LTD.

LIST OF SHARE HOLDERS AS ONE 31.03.2008

Ledgee Folio No. Name of Shareholder & Address Father's Name No. of Sh.Held Rate /Shares Amount
Rs. P.

05 Vijay Shankar Tripathi Harisha Pd. Tripathi 150 10 1500

Hindustan Timber, Maharshi
Debendu Road, Kolkata 700 001

06 Kamal Kumar Sharma Rishikesh Sharma 100 10 1000

84A Lower Chitpur Road
Kolkata 700 007

07 Santosh Kr. Jain Hirawat Lal Banwari 100 10 1000

17, Nathar Bagan Street
Kolkata 700 007.

08 Devasis Kr. Ghosh Dinesh Chandra Ghosh 100 10 1000

6/34, R.K.K. Street,Belurmath
Howrah

09 Narendra Pratap Singh Jawala Pd.Singh 100 10 1000

1/34, Shiv Gopal Banerjee Lane
Howrah

10 Satya Narayan Bharech Ganapatrai Bharech 150 10 1500

57, M.G.Road, Kolkata

11 Vidhya Shankar Dubey Parosh Nath Dubey 100 10 1000

17. Kalandi Housing Society
Lake Town, Kolkata 700 089

13 Radhey Shyam Sharma Mohanlal Sharma 100 10 1000

C/o Sri C.M.Sharma
17, Biniatolla Lane, Kolkata

14 N.V.Sunny 100 10 1000

2, Madho Kisto Seth Lane
Kolkata 700 007.

15 Kalyan Kumar Saha Manindar Lal Saha 100 10 1000

77/8, Baderaipur Road,
Kolkata 700 007.

16 Sajan Kr. Sultania Late Sriniwas Sultania 100 10 1000

19, R.N.Mukherjee Rd.
Kolkata 700 001.

17 Alok Kr. Hisharia Niranjan Lal Hisharia 100 10 1000

5, Madan Chatterjee Lane
Kolkata 700 007.

18 Navin Chand Hisharia Niranjan Lal Hisharia 100 10 1000

5, Madan Chatterjee Lane
Kolkata 700 007.

19 Shiv Prasad Bhatt 10 10 100

1A, K.P.Sinha Street
Kolkata 700 002.

21 Brij Kishore Nagar Krishadas Nagar 150 10 1500

7, Sukhlal Johari Lane
Kolkata 700 007
22 Ramlal Sharma 200 10 2000
2, Madhokisto Sett Lane
Kolkata 700 007

23 Raj Kumar Harlalka 60 10 600

9, Munshi Sardowin lane
Kolkata 700 007.

24 Bina Kumari Jalan Late Debi Prd. Jalan 500 10 5000

8,B.B.D. Bag East, Kolkata 1.

25 Anirudh Jalan Late Debi Prd. Jalan 500 10 5000

8,B.B.D. Bag East, Kolkata 1.

26 Archana Jalan Anirudh Jalan 500 10 5000

8,B.B.D. Bag East, Kolkata 1.

27 Gautam Engineers Ltd. 2500 10 25000

19, R.N.Mukherjee Road,
Kolkata 700 001.

28 Devi Exports Pvt. Ltd. 5000 10 50000

8,B.B.D. Bag East, Kolkata 1.

29 Rajeshthan Fertilizer & Chemical Corp. Ltd. 2500 10 25000

19, R.N.Mukherjee Road,
Kolkata 700 001.

30 Gautam Engineers Ltd. 8000 10 80000

19, R.N.Mukherjee Road,
Kolkata 700 001.

20 Amit Kr. Jha 100 10 1000

19, R.N.Mukherjee Road,
Kolkata 700 001.

31 The Hanuman Estates Ltd. 15000 10 150000

8,B.B.D. Bag East, Kolkata 1.

32 Rajeshthan Fertilizer & Chemical Corp. Ltd. 15000 10 150000

19, R.N.Mukherjee Road,
Kolkata 700 001.

33 Starsun Trading Pvt. Ltd. 16000 10 160000

2B, Grant Lane, Kolkata 700 012

34 Rajlaxmi Tradelink Pvt. Ltd. 16000 10 160000

12, Waterloo Street, Kolkata 700 069

35 Quickup Trading Pvt. Ltd. 16000 10 160000

12, Waterloo Street, Kolkata 700 069

99420 994200