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Note As at
March 31, 2014
EQUITY & LIABILITIES
Shareholders' Funds
Share Capital 2.1 3,000,000Reserves and Surplus 2.2 564,320
3,564,320
Non-current Liabilities
Long-term borrowings -
Deferred tax liabilities (Net) 2.3 3,733
Long-term provisions 2.4 -
3,733
Current Liabilities
Short-term borrowings -
Trade payables 2.6 77,500
Other current liabilites 2.7 16,275,018
Short-term provisions 2.8 -
16,352,518
Total 19,920,570
ASSETS
Non-Current Assets
Fixed Assets 2.9
Tangible Assets 75,260
Intangbile Assets
Good Will (intellectual Property) -
Non-current investments 2.10 -
Long-term loans and advances 2.11 6,353,650
6,428,910
Current Assets Inventories 2.12 -
Trade Receivables 2.13 6,512,249
Cash and Cash equivalents 2.14 3,304,789
Short-term loans and advances 2.15 3,674,622
13,491,660
Total 19,920,570
Significant Accounting Policies and
Notes to Accounts 1 & 2
M/S. VIJAYA PRAGATHI CHITS PVT LTD.
Director
ANDHRA PRADESH- 516115
For and on behalf of the Board of Directors
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
PROVISIONAL BALANCE SHEET AS AT MARCH 31, 2014
D.NO. 4/22,FIRST FLOOR
OPP. MARUTHI PRASANNA KALYANA MANDAPAM MAIN ROAD
RAJAMPET , KADAPA
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Note
`
INCOME
Income from Operations Less : Excise Duty & Cess
Total Revenue
Other Income 2.16
TOTAL
EXPENSES
Cost of materials consumed 2.17
Decrease/(increase) in inventories 2.18
Employee benefits expense 2.19
Administration & Other Expenses 2.20
Selling & Distribution expenses 2.21
Financial Expenses
Depreciation 2.9
TOTAL
Profit/(loss) before tax and prior period items
Prior period Adjustments (net)
Profit/(Loss) before Tax
Tax expenses
- Current tax
- Deferred Tax Liability/(Asset)Profit/(Loss) after Tax
Significant Accounting Policies and Note 1 & 2
Director
2,357,350.00
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
PROVISIONAL STATEMENT OF PROFIT & LOSS FOR THE PERIOD ENDED MARCH 31, 2014
Year Ended
March 31, 2014
2,357,350.00
820,800.00
3,178,150.00
-
-
-
183,524.00
2,404,234.00
-
-
22,339.68
2,610,097.68
M/S. VIJAYA PRAGATHI CHITS PVT LTD.
For and on behalf of the Board of Directors
568,052.32
568,052.32
-
3,732.82
-
564,319.50
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Notes to Accounts As at
March 31, 2014
` `
2.1 Share Capital
Authorised:
3,00,000Equity Shares of Rs 10/- each 3,000,000
3,000,000
Issued, Subscribed and Paid up:
3,00,000 Equity Shares of Paid up 3,000,000
Share Apllication Money -
3,000,000
Name of the shareholder
No of sh %
2.2 Reserves & Surplus
General Reserve
As per last Balance Sheet -
Add: Amount transferred from statement of 564,320
564,320
2.3 Deferred Tax liability (net) 3,733
3,733
2.5 Long-term Provisions
-
2.6 Current liabilities
Trade Payables
sundry creditors 77,500
77,500
2.7 Other Current liabilities
Current liabilities 16,177,240
Secured Loans -Unsecured Loans -
Provision for tax -
Statutory Liabilities 97,778
16,275,018
As at March 31, 2014
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
a. Equity shareholders holding more than 5% of equity shares along with the
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Notes to Accounts As at
March 31, 2014
` `
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
2.8 Short-term Provisions
Provision For Expenses -
-
2.10 Non-current Investments (Unquoted and at cost)
-
2.11 Long-term Loans & Advances
Unsecured, considered good
Fixed deposits 5,400,000
Foreman subscription 953,650
Pre operative Exp -
write off for the year -
Misellaneous Exp not written off -6,353,650
2.12 Inventories -
-
2.13 Trade Receivables
Debts outstanding for a period exceeding six months
Secured & considered good 6,512,249
Unsecured & considered doubtful -
6,512,249
Less: Provision for doubtful debts -
6,512,249
Secured & considered goodUnsecured & considered doubtful -
6,512,249
2.14 Cash and Cash equivalents
Cash on hand 2,892,486
Petty cash 17,834
Balances with scheduled banks:
in current accounts 394,469
in deposit accounts -
3,304,789
2.15 Short-term loans & advancesUnsecured, considered good 3,637,622
TDS Received -
CENVAT Credit -
Advances 36,000
Other current assets 1,000
3,674,622
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Period ended
March 31, 2014
2.16 Other Income
Interest Received- Fixed Deposits with banks -
Miscellaneous Income 820,800
820,800
2.17 Cost of materials consumed -
-
2.18 Decrease/(Increase) in inventories -
-
2.20 Employee benefits expense
Salaries 183,524
Staff Welfare
Employer PF Contribution
Employer E S I Contribution
Bonus -
183,524
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
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Period ended
March 31, 2014
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
2.21 Administration and other expenses
Agent Commission 1,668,300
Special allowances 42,196
Agents Conveyance -
Audit Fees 1,070
Chit Regd Expenses 15,590
Electricity Charges 16,972
Advertisements 2,700
Office Maintenance 36,116
Office Rent 103,500
Postage&telegram 3,320
Misc Expenses 22,006
Marketing Expenses 34,977
Printing & Stationery 81,685
Stamps & Miscellaneous Exp 38,980
Telephone Expenses 12,835
Travelling Expenses 18,840
Vehicle Maintenance 166,178
VDA 138,969
2,404,234
2.22 Selling & Distribution Expenses
Advertisement & Sales promotion expenses -
-
2.23 Tax expense
- Current tax -
Less: MAT Credit entitlement -- Deferred Tax 3,733
3,733
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PARTICULARS
AS AT 31-3-
2014
Rs.
SECURED LOANS
Vehicle Loan 20,825Kotak Mahendra -
TOTAL 20,825
Sundry Debtors
Sundry Debtors 6,512,249
TOTAL 6,512,249
Other Current AssetsDeposits
Rental Advance
Site Advance
BID Amount 3,637,622
Outstanding Subscription
Company Investment on own chits
3,637,622
Statutory Liabilites
TDS Received 12,960
Vat Input Credit -CENVAT Asset -
IT Payable
Penalty a/c -
sales tax -
service tax 97,778
Provident fund
Profeessional tax
Service Tax input Credit
TOTAL 97,778
Other Assets
Agent TDS .
Daily Collection a/c -
IT Payable -
P Tax -
Previous year P & L -
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
Sub Notes AS ON 31-3-2014
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TOTAL -
CURRENT LIABILITITES
Bid Payable 5,965,000
Dividend Payable 3,260,000Liability on own Chits 5,035,000
Subscriptions Payable -
Foreman commission 1,810,000
Audit Fees Payable -
Penalty 14,240
Entraance fee 93,000
TOTAL 16,177,240
Sundry Creditors
Sundry Creditors 77,500
Total 77,500
Provision for IncomeTax -
Deffered Tax Liability -
Provision for FBT -
TOTAL -
Total Current Liabilities 16,177,240
FINANCIAL EXPENDITURE
Bank Charges -
Interest on Car Loan -
TOTAL -
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Note.9. FIXED ASSETS
S.No PARTICULARS RATE
As At Additions Deduc Cost as on Depn.upto On OB On TOTA
01.04.2013 31.3.2014 01.04.13 Additions 31.3.20
1 Computers 40.00% - 48,000 - 48,000 - - 19,200 19,
2 Furniture & Fixtures 6.33% - 36,400 - 36,400 - - 2,304 2,
3 Office Equipment 6.33% - 13,200 - 13,200 - - 836
Total - 97,600 - 97,600 - - 22,340 22,
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
Financial Year 2012-13
GROSS BLOCK DEPRECIATION
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SL. W.D.V W.D
NO. PARTICULARS AS ON BEFORE AFTER GROSS AS ON RATE FOR THE AS O
1/4/2013 SEP 30 SEP 30 BLOCK 31-03-2013 (%) YEAR 31-03-2
1 Computers - 48,000 - 48,000 - 60% 28,800 19
2 Furniture & Fixtures - 36,400 - 36,400 10% 3,640 32
3 Office Equipment - 13,200 - 13,200 15% 1,980 11
TOTAL - 97,600 - 97,600 - 34,420 63,
Dep AS Per Com Act 22,340
402,267,058
Dep AS Per IT Act 34,420
Difference 12,080
DTL @30.9% 3,733
DEPRECIATION SCHEDULE AS PER INCOME TAX FOR THE YEAR 2013-14
DEPRECIATION AS PER INCOME TAX
ADDITIONS: DEPRECIATION
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
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Note.9. FIXED ASSETS
S.No PARTICULARS RATE
As At
Additions
During theyear
Deductio
ns
During
the year
Cost as on
31.03.13
Depn.upto
01.04.2014 On OB
On
Additions TOTAL 3
01.04.2013 31.3.2013 01.04.13 Additions 31.3.2013 3
1 A C 13.91% 13.91% 86,150 275,600 - 361,750 39,085 6,547 - 45,632
2 Computers 40% 40.00% 1,684,112 490,852 - 2,174,964 1,042,432 256,672 - 1,299,104
3 Computer Equipements 40% 40.00% 25,265 40,454 - 65,719 3,210 8,822 - 12,032
4 Furniture & Fixtures 18.1% 18.10% 577,897 630,000 - 1,207,897 153,113 76,886 - 229,999
5 Carpet 18.1% 18.10% 164,594 - - 164,594 11,182 27,768 - 38,950
6 Electrical equipements 13.91 13.91% 62,000 38,214 - 100,214 378 8,572 - 8,950
7 EPABX 13.91% 13.91% 22,160 - - 22,160 11,885 1,429 - 13,314
8 Car Scorpio 13.91% 13.91% 1,007,730 - - 1,007,730 206,118 111,504 - 317,622
9 Printer -15% 15.00% 5,850 - - 5,850 154 854 - 1,008
10 Mobiles-40% 40.00% 9,100 - - 9,100 708 3,357 - 4,065
Total 3,644,858 1,475,120 - 5,119,978 1,468,265 502,411 - 1,970,676
A C 13.91%
3/31/2012 4/9/2011 - 357 13.91% 0
3/31/2012 3/1/2012 - 30 13.91% 0
3/31/2012 3/22/2012 - 9 13.91% 0
0 0
Computer Equipements 40%
3/31/2012 8/6/2011 - 238 40.00% 0
3/31/2012 12/21/2011 - 101 40.00% 03/31/2012 12/22/2011 - 100 40.00% 0
3/31/2012 1/19/2012 - 72 40.00% 0
3/31/2012 3/16/2012 - 15 40.00% 0
0 0
Computers 40%
3/31/2012 7/8/2011 - 267 40.00% 0
3/31/2012 8/6/2011 - 238 40.00% 0
3/31/2012 12/6/2011 - 116 40.00% 0
3/31/2012 12/7/2011 - 115 40.00% 0
3/31/2012 3/10/2012 - 21 40.00% 0
0 0
Electrical equipements 13.91%
3/31/2012 4/13/2011 - 353 13.91% 0
3/31/2012 5/25/2011 - 311 13.91% 03/31/2012 11/7/2011 - 145 13.91% 0
0 0
Furniture & Fixtures 18.1%
3/31/2012 5/3/2011 - 333 18.10% 0
3/31/2012 7/6/2011 - 269 18.10% 0
3/31/2012 7/25/2011 - 250 18.10% 0
3/31/2012 9/30/2011 - 183 18.10% 0
3/31/2012 12/1/2011 - 121 18.10% 0
3/31/2012 1/1/2012 - 90 18.10% 0
0 0
GROSS BLOCK DEPRECIATION
VIJAYA PRAGATHI CHITS PRIVATE LIMITED
Financial Year 2011-12
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2700 5400000 1251
1668300 953650 120800 5495000
1070 1000 2250300 93000
450 394469 1250 5035000
15590 2892486 23150 3260000
9593 34977 25550 470000
16972 13200 58350 2490
895 17834 11750
10120 6512249 97778
948 720036116 1810000
103500 12960
320 350
81685 70300
8380
42196
183524 16352518
18800 -13310
30600
12835
40
138969166178
2549781 16219865 2480651 16365828
2478150
2652883 -2501
103102
2587858
2587758
37977