VIJAYA PRAGATHI CHITS PRIVATE LIMITED

D.NO. 4/22,FIRST FLOOR

OPP. MARUTHI PRASANNA KALYANA MANDAPAM MAIN ROAD
RAJAMPET , KADAPA
ANDHRA PRADESH- 516115
PROVISIONAL BALANCE SHEET AS AT MARCH 31, 2014
Note

As at
March 31, 2014 A
M

EQUITY & LIABILITIES

Shareholders' Funds
Share Capital
Reserves and Surplus

2.1
2.2

Non-current Liabilities
Long-term borrowings
Deferred tax liabilities (Net)
Long-term provisions

2.3
2.4

3,733
3,733

Current Liabilities
Short-term borrowings
Trade payables
Other current liabilites
Short-term provisions

2.6
2.7
2.8

77,500
16,275,018
16,352,518

Total

19,920,570

ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets
Intangbile Assets
Good Will (intellectual Property)
Non-current investments
Long-term loans and advances

2.10
2.11

Current Assets
Inventories
Trade Receivables
Cash and Cash equivalents
Short-term loans and advances

2.12
2.13
2.14
2.15

2.9
75,260

Total
Significant Accounting Policies and
Notes to Accounts

3,000,000
564,320
3,564,320

6,353,650
6,428,910
6,512,249
3,304,789
3,674,622
13,491,660
19,920,570

1&2

For and on behalf of the Board of Directors

M/S. VIJAYA PRAGATHI CHITS PVT LTD.

Director

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

PROVISIONAL STATEMENT OF PROFIT & LOSS FOR THE PERIOD ENDED MARCH 31, 2014

Note

INCOME
Income from Operations
Less : Excise Duty & Cess
Total Revenue
Other Income
TOTAL

2.16

EXPENSES
Cost of materials consumed
Decrease/(increase) in inventories
Employee benefits expense
Administration & Other Expenses
Selling & Distribution expenses
Financial Expenses
Depreciation
TOTAL

2.17
2.18
2.19
2.20
2.21
2.9

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

Year Ended
March 31, 2014
`
2,357,350.00
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
568,052.32
568,052.32
3,732.82
564,319.50

Significant Accounting Policies and Notes to

1 &Accounts
2

For and on behalf of the Board of Directors

M/S. VIJAYA PRAGATHI CHITS PVT LTD.

Director

C
o
s

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Notes to Accounts
As at
March 31, 2014 A
M
``
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
Share Apllication Money

3,000,000
3,000,000

a. Equity shareholders holding more than 5% of equity shares along with the
of equity shares held is as given
Name of the number
shareholder
As at below:
March 31, 2014
No of shares

A
s

2.2 Reserves & Surplus

General Reserve
As per last Balance Sheet
Add: Amount transferred from statement of profit and loss 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
2.7 Other Current liabilities
Current liabilities
Secured Loans
Unsecured Loans
Provision for tax
Statutory Liabilities

77,500
77,500
16,177,240
97,778
16,275,018

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Notes to Accounts
As at
March 31, 2014 A
M
``
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
Foreman subscription
Pre operative Exp
write off for the year
Misellaneous Exp not written off
2.12 Inventories

5,400,000
953,650
6,353,650
-

2.13 Trade Receivables

Debts outstanding for a period exceeding six months
Secured & considered good
Unsecured & considered doubtful
Less: Provision for doubtful debts
Secured & considered good
Unsecured & considered doubtful
2.14 Cash and Cash equivalents
Cash on hand
Petty cash
Balances with scheduled banks:
in current accounts
in deposit accounts

2.15 Short-term loans & advances

Unsecured, considered good
TDS Received
CENVAT Credit
Advances
Other current assets

6,512,249
6,512,249
6,512,249
6,512,249
2,892,486
17,834
394,469
3,304,789

3,637,622
36,000
1,000
3,674,622

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Period ended
March 31, 2014 Y
2.16 Other Income
Interest Received- Fixed Deposits with banks
Miscellaneous Income
2.17 Cost of materials consumed
2.18 Decrease/(Increase) in inventories

820,800
820,800
-

2.20 Employee benefits expense

Salaries
Staff Welfare
Employer PF Contribution
Employer E S I Contribution
Bonus

183,524

183,524

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Period ended
March 31, 2014 Y
2.21 Administration and other expenses
Agent Commission
Special allowances
Agents Conveyance
Audit Fees
Chit Regd Expenses
Electricity Charges
Advertisements
Office Maintenance
Office Rent
Postage&telegram
Misc Expenses
Marketing Expenses
Printing & Stationery
Stamps & Miscellaneous Exp
Telephone Expenses
Travelling Expenses
Vehicle Maintenance
VDA

2.22 Selling & Distribution Expenses

Advertisement & Sales promotion expenses
2.23 Tax expense
- Current tax
Less: MAT Credit entitlement
- Deferred Tax

1,668,300
42,196
1,070
15,590
16,972
2,700
36,116
103,500
3,320
22,006
34,977
81,685
38,980
12,835
18,840
166,178
138,969
2,404,234
3,733
3,733

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Sub Notes AS ON 31-3-2014
AS AT 31-32014
PARTICULARS
Rs.
SECURED LOANS
Vehicle Loan
20,825
Kotak Mahendra
TOTAL
20,825
Sundry Debtors

6,512,249
6,512,249

Sundry Debtors
TOTAL
Other Current Assets
Deposits
Rental Advance
Site Advance
BID Amount
Outstanding Subscription
Company Investment on own chits

3,637,622

3,637,622
Statutory Liabilites
TDS Received
Vat Input Credit
CENVAT Asset
IT Payable
Penalty a/c
sales tax
service tax
Provident fund
Profeessional tax
Service Tax input Credit
TOTAL
Other Assets
Agent TDS
Daily Collection a/c
IT Payable
P Tax
Previous year P & L

12,960
97,778

97,778

.
-

TOTAL

CURRENT LIABILITITES
Bid Payable
Dividend Payable
Liability on own Chits
Subscriptions Payable
Foreman commission
Audit Fees Payable
Penalty
Entraance fee
TOTAL

5,965,000
3,260,000
5,035,000
1,810,000
14,240
93,000
16,177,240

Sundry Creditors
Sundry Creditors
Total

77,500
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

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Financial Year 2012-13
Note.9. FIXED ASSETS
S.No

PARTICULARS

RATE
As At
01.04.2013

1
2
3

Computers
Furniture & Fixtures
Office Equipment

Total

40.00%
6.33%
6.33%

GROSS BLOCK
Additions Deduc Cost as on
31.3.2014

Depn.upto
01.04.13

DEPRECIATION
On OB
On
Additions

TOTAL
31.3.2014

NET BLOCK
As on
As on
31-3-2013
31.3.2014

48,000
36,400
13,200

48,000
36,400
13,200

19,200
2,304
836

19,200
2,304
836

28,800
34,096
12,364

97,600

97,600

22,340

22,340

75,260

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

DEPRECIATION SCHEDULE AS PER INCOME TAX FOR THE YEAR 2013-14
DEPRECIATION AS PER INCOME TAX

SL.
NO.

PARTICULARS

W.D.V
AS ON
1/4/2013

ADDITIONS:
BEFORE
AFTER
SEP 30
SEP 30

GROSS
BLOCK

1 Computers

48,000

48,000

Furniture & Fixtures

36,400

Office Equipment

13,200

97,600

TOTAL

Dep AS Per Com Act

22,340

Dep AS Per IT Act

34,420

Difference

12,080

DEPRECIATION
AS ON
RATE
FOR THE
31-03-2013
(%)
YEAR
-

60%

28,800

19,200

36,400

10%

3,640

32,760

13,200

15%

1,980

11,220

97,600

34,420

63,180

402,267,058

DTL @30.9%

3,733

W.D.V
AS ON
31-03-2014

VIJAYA PRAGATHI CHITS PRIVATE LIMITED

Financial Year 2011-12
Note.9. FIXED ASSETS
S.No

PARTICULARS

RATE
As At
01.04.2013

1
2
3
4
5
6
7
8
9
10

GROSS BLOCK
Deductio
Cost as on
ns
31.03.13
During
the year
31.3.2013

Additions
During the
year

DEPRECIATION
Depn.upto
01.04.2014

On OB

01.04.13

NET BLOCK

On
Additions

TOTAL

As on
31.03.2014

As on
31.03.2013

Additions

31.3.2013

31-3-2013

31.3.2014

A C 13.91%
13.91%
Computers 40%
40.00%
Computer Equipements 40% 40.00%
Furniture & Fixtures 18.1% 18.10%
Carpet 18.1%
18.10%
Electrical equipements 13.91%
13.91%
EPABX 13.91%
13.91%
Car Scorpio 13.91%
13.91%
Printer -15%
15.00%
Mobiles-40%
40.00%

86,150
1,684,112
25,265
577,897
164,594
62,000
22,160
1,007,730
5,850
9,100

275,600
490,852
40,454
630,000
38,214
-

361,750
2,174,964
65,719
1,207,897
164,594
100,214
22,160
1,007,730
5,850
9,100

39,085
1,042,432
3,210
153,113
11,182
378
11,885
206,118
154
708

6,547
256,672
8,822
76,886
27,768
8,572
1,429
111,504
854
3,357

45,632
1,299,104
12,032
229,999
38,950
8,950
13,314
317,622
1,008
4,065

47,065
641,680
22,055
424,784
153,412
61,622
10,275
801,612
5,696
8,392

316,118
875,860
53,687
977,898
125,644
91,264
8,846
690,108
4,842
5,035

Total

3,644,858

1,475,120

5,119,978

1,468,265

502,411

1,970,676

2,176,593

3,149,302

A C 13.91%
3/31/2012
3/31/2012
3/31/2012

4/9/2011
3/1/2012
3/22/2012

357
30
9

13.91%
13.91%
13.91%

0
0
0
0

238
101
100
72
15

40.00%
40.00%
40.00%
40.00%
40.00%

0
0
0
0
0
0

267
238
116
115
21

40.00%
40.00%
40.00%
40.00%
40.00%

0
0
0
0
0
0

353
311
145

13.91%
13.91%
13.91%

0
0
0
0

333
269
250
183
121
90

18.10%
18.10%
18.10%
18.10%
18.10%
18.10%

0
0
0
0
0
0
0

Computer Equipements 40%

3/31/2012
8/6/2011
3/31/2012 12/21/2011
3/31/2012 12/22/2011
3/31/2012 1/19/2012
3/31/2012 3/16/2012

Computers 40%
3/31/2012
3/31/2012
3/31/2012
3/31/2012
3/31/2012

7/8/2011
8/6/2011
12/6/2011
12/7/2011
3/10/2012

Electrical equipements 13.91%

3/31/2012
3/31/2012
3/31/2012

4/13/2011
5/25/2011
11/7/2011

Furniture & Fixtures 18.1%

3/31/2012
3/31/2012
3/31/2012
3/31/2012
3/31/2012
3/31/2012

5/3/2011
7/6/2011
7/25/2011
9/30/2011
12/1/2011
1/1/2012

2700 5400000
1668300
953650
1070
1000
450
394469
15590 2892486
9593
34977
16972
13200
895
17834
10120 6512249
948
36116
103500
320
81685
8380
42196
183524
18800
30600
12835
40
138969
166178
2549781 16219865

2652883
103102
2587858
2587758
37977

1251
120800
2250300
1250
23150
25550
58350

5495000
93000
5035000
3260000
470000
2490
11750
97778
7200
1810000
12960
350
70300

16352518
-13310

2480651 16365828
2478150
-2501