Balance Sheet

December 31, 2012

ASSETS

Current Assets
Bank A/c 367,400.00
Accounts Receivable 150,000.00
Provision for Bad Debts (15,000.00)

Total Current Assets 502,400.00

Property and Equipment

Assets 800,000.00
Office Equipment Original Value 3,000.00
Autos Equipment Original Value 80,000.00
Workshop Tools Original Value 5,000.00
Accum. Depreciation -Assets (125,000.00)
Accum. Depreciation -Office Equipment (600.00)
Accm. Depreciation-Autos (16,000.00)
Accm. Depreciation-Work Shop Tools (400.00)

Total Property and Equipment 746,000.00

Other Assets
Security Deposit SEWA 4,000.00
Labour Guarantee 12,000.00

Total Other Assets 16,000.00

Total Assets $ 1,264,400.00

LIABILITIES AND CAPITAL

Current Liabilities
Accounts Payable $ 54,000.00
Gratuity 12,000.00

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 Balance Sheet
December 31, 2012

Total Current Liabilities 66,000.00

Long-Term Liabilities

Total Long-Term Liabilities 0.00

Total Liabilities 66,000.00

Capital
Capital A/C 800,000.00
Net Income 398,400.00

Total Capital 1,198,400.00

Total Liabilities & Capital $ 1,264,400.00

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