HASHI AND COMPANY Satungal , Kathmandu ICAN Membership No. : RA-4904 COP No. : 1428 “KHA” Firm Regd No. : 2353 PAN No, : 300834596 Mobile Num : 9841641508 Email: sashikomalmallik@gmail.com Date: To, ‘The Managing Director of, OM METAL ENGINEERING WORKSHOP PVT LTD. Balaju, Kathmandu We have audited the attached Balance Sheet of OM METAL ENGINEERING WORKSHOP PVT LTD. As at Ashad 31, 2077 and attached Profit & Loss account & Cash Flow Statement for the period ended on that date and repot that. The financial statements are the responsible of the company. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Nepal Standards and Company Law 2064 on Auditing. Those standards require that plan and perform the audit to obtain reasonable assurance about weather the financial statement is free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, proper books of account as required by law have been kept by the Company & Financial statement comply with Nepal Accounting Standers & relevant statue and law so far as appears from our examination of the books. In our opinion, the financial statement gives a true and fair view of the financial position of the company as of Ashad 31, 2077 and of the result ofits operation and its cash flow for the year ended on that date. The financial statements are prepared under the historical cost convention in accordance with certain relevant accounting standards and requirement of Nepal Company Act, 2053 and Income Tax Act 2058. UDIN NO : 210111RA04904c1Nwz Date: Place: KathmanduOM METAL ENGINEERING WORKSHOP BALAJU, KATHMANDU NEPAL BALANCE SHEET FY 2076/2077 FY: 1ST OF SHRAWAN 2076 TO END OF ASHADH 2077 SN. PARTICULAR SCH. CURRENT YEAR | PREVIOUS YEAR 076/077 075/076 SOURCEOFFUND ___ a[SHARE CAPITAL 250000000] 72500000.00} 2|SECURED LOAN 0.09) 0.00] '3]UNSECURED LOAN. 0.09] 0.00 “4]RESERVE AND SURPLUS 2915227.00 2032252.00 iz TOTAL SOURCE OF FUND. 5415227.00| '4532252.00] APPLICATION OF FUND. ‘AJNON-CURRENT ASSETS. ‘1[PROPERTY, PLANT & EQUIPMENT 0.00] 0.09] TOTAL NON-CURRENT ASSETS 0.00) 0.00] BICURRENT ASSETS [SUNDRY DEBTORS. 1467646.00] 142938100] 72]ADVANCE, DEPOSIT & RECEIVABLES 3 165000.00] 4820000] [Shiwvenrontes Tieswisco| ——essaaad 4|CASH & CASH EQUIVALENTS: 1000551.00| 776389.00| TOTAL CURRENT ASSETS (CA) ‘9799082200 8567164.00} ‘C[CURRENT LIABILITIES. a)TDS PAYABLE 7 46589.00 38960.00 2|TRADE & OTHER PAVABLE 2 '4337226.00| 3394952.00] TOTAL CURRENT LIABILITIES (CL) 4383815.00) '4034912.00] NET WORKING CAPITAL ( CA-CL) 5415227.00 '4532252.00] TOTAL APPLICATION OF FUND 5415227.00| '4532252.00| As per our report of even date Sashi PERC OMES) fates) For and on behalf of the Board rr ccountant Managing DirectorOM METAIL ENGINEERING WORKSHOP BALAJU, KATHMANDU NEPAL INCOME STATEMENT FY 2076/2077 FY ; 1ST OF SHRAWAN 2076 TO END OF ASHADH 2077 S.N PARTICULAR SCH.. CURRENT YEAR |PREVIOUS YEAR 076/077 075/076 4 AlSALES [TAXABLE SALES | 22138127.00| INON TAXABLE SALES l 4400000.00} TOTAL SALES 26538127.00 22021406.00) BLESS: COST OF SALES | 21915906.00] 17653158.00 GROSS PROFIT 4622221.00| 4368248.00) 2 E ‘AJADMINISTRATIVE & OTHER EXPENSES '3444920.00] '3218668.00} BIDEPRECIATION. 0.00] 0.09] (C|BANK INTEREST (0.00) 0.09] DJREPAIR & MAINTENANCE 0.00] 0.00] TOTAL EXPENDITURE 3444920.00 3218668.00 3| Ni IN’ ‘Al PROFIT/LOSS BEFORE TAX 1177301.00. 1149580.00 3[LESS: INCOME TAX PROVISION 284326.00| 287395.00] [NET PROFIT/LOSS AFTER TAX 882975.00 862185.00 DNET PROFIT/LOSS PREVIOUS YEAR. 72032252.00 1170067.00 SUB TOTAL 2915227.00 a NET PROFIT/LOSS TO BALANCE SHEET 2915227.00 10 As per our report of even date Sash ete COMPANY) 2 ne) | Register Ruiditor® iF oA For and on behalf of the Board ‘Accountant Managing DirectorOM METAL ENGINEERING WORKSHOP BALAJU, KATHMANDU NEPAL CASH FLOW STATEMENT FY 2076/2077 FY : 1ST OF SHRAWAN 2076 TO END OF ASHADH 2077 S.N_|PARTICULAR AMOUNT AMOUNT OPENING CASH & BANK BALANCE 776389.00| A ‘AICHANGE IN SHARE CAPITAL 0.09] B|CHANGE IN SECURED LOAN 0.09] ‘CICHANGE IN DIRECTOR'S LOAN (0.00) D|CHANGE IN RESERVE & SURPLUS 882975.00 E[CHANGE IN CURRENT LIABILITIES '348903.00 TOTAL 1231878.00 E TOTAL CASH IN FLOW 72008267.00 z A|CHANGE IN FIXED ASSETS 0.00 | B|CHANGE IN ADVANCE & DEPOSIT 116800.00 C|CHANGE IN CLOSING STOCK 852651.00 D CHANGE IN SUNDRY DEBTORS 38265.00 ‘TOTAL CASH OUT FLOW 1007716.00 CLOSING CASH & BANK For and on behalf of the Board Managing Director| OM METAIL ENGINEERING WORKSHOP BALAJU, KATHMANDU NEPAL | ADMINISTRATIVE EXPENSES FY 2076/2077 FY : 1ST OF SHRAWAN 2076 TO END OF ASHADH 2077 PARTICULAR CURRENT YEAR [PREVIOUS YEAR [SALARY & ALLOWANCES 2736000.09| 2496000.00] HOUSE RENT '120000.00| '120000.00} TELEPHONE & COMMUNICATION '120455.00| TOURS & TRAVEL 182450.00 IWATER & ELECTRICITY. REFRESHMENT As per our report eleron Sashi = vai (9 Registered Auditor For and on behalf of the Board Managing DirectorOM METAIL ENGINEERING WORKSHOP BALAJU, KATHMANDU NEPAL SALARY SHEET FY 2076/2077 FY: 1ST OF SHRAWAN 2076 TO END OF ASHADH 2077 [SN. [NAME POSITION BASIC SALARY|PERIOD [TOTAL [TDs AMOUNT 1]DIPESH MALLIK MANAGER '30000.00] 12] 360000.00 3600.00} 2|SUDHANSHRESTHA [ENGINEER 8000.00] 12] 336000.00 3360.00} 3|ASHOKISAR ENGINEER 28000.00| 12] 336000.00| 3360.00 ‘4|MANOJ KUMAR ISHAR_[OVERSEAR 2700.00] 12] 324000.00] 3240.00] 5|CHANDAN SHAH [SUB-OVER SEAR 5000.00] 32| 3000.09] 3000.00} 6|RAJINA KASPAL [SUB-OVER SEAR. 2500.00 12] 300000.09] 3000.00} 7|SUSHA DEVKOTA [SUB-OVER SEAR 2500000] 32] 300000.00] 3000.00} 8|TRILOK MALLIK TECHNICIAN 0000.00] 12] 240000.09] 2400.00} S| MINA KUMARI [ACCOUNTANT 2000.09] 12] 240000.09] 2400.00} TOTAL 2736000.00| ___27360.00 For and on behalf of the Board Accountant {As per our report of even date Managing DirectorOM METAL ENGINEERING WORKSHOP PVT LTD Balaju,Kathmandu Nepal Notes to Accounts e . Accounting Convention: The Final reports are prepared under the historical cost convention in accordance with certain relevant accounting standards and requirements of relevant act. . Fixed Assets: There is no purchase of Fixed Assets during this Year. . Depreciation: Depreciation is not called on this FY. . Sales / Income: Sales/Income done according to,the inyoice on this Year.