Name RIVIEREA DIAMONDS PVT. LTD.

Status Domestic Company

PAN AADCR 5062K
Date Of Incorporation 29.01.2007
Previous year ending 31.03.2009
Assessment Year 2009 - 2010

STATEMENT OF TOTAL INCOME

PROFIT & GAINS FROM BUSINESS & PROFESSION:

Net profit/(Loss) as per P&L A/C 434,224
Add: Deferred Tax 107566
Add: Preliminary Expenses written off 8000
Add : Depreciation as per company's Act 126982
Add : Provision for current Tax 50000
Add : Provision for FBT 3596 296,144
730,368
Less: Miscellaneous Expenditure allowable U/S 35 D 2000
Less: Depreciation as per Income tax Act 276928 278,928

Total Income /(Loss) 451,439

Rounded Off 451440

Less: Brought Forward Loss from A/Y 2008-2009 adjusted 318710

TOTAL TAXABLE INCOME 132730

Tax due on Total Income 39819
Add:- Surcharge -
Add:- Education Cess 1195

Tax LIaibility 41014

Add :- Interest U/S 234 B 2221

Interest U/S 234 C 1870 4091

Net Tax Payable 45105

Less:- TDS 3991

Income Tax Payable/(Refundable) 41114

for RIVIEREA DIAMONDS PVT. LTD

Director Director
RIVIEREA DIAMONDS PVT. LTD.

BALANCE SHEET AS AT 31st MARCH, 2009

SCHEDULE As at 31.03.2009 As at 31.03.2008
(Rs.) (Rs.)

I. SOURCES OF FUNDS

SHARE HOLDERS FUNDS A

Share Capital 100,000 100,000

RESERVES & SURPLUS 282,796 -

LOAN FUNDS
Unsecured Loans
From Directors 5,696,711 6,009,500
From shareholders 17,976,194 12,625,500

DEFFERED TAX LIABILITY 107,566 -

24,163,267 18,735,000

II. APPLICATION OF FUNDS

FIXED ASSETS B
Gross Block 2,203,453 2,054,240
Less: Accumulated Depreciation 198,070 71,088
Net Block 2,005,383 1,983,152

INVESTMENTS
God Idols of Precious Metal 16,995 16,995

CURRENT ASSETS, LOANS & ADVANCES C

Current Assets
Inventory 19,697,724 18,497,732
Cash & Bank Balances 2,674,667 745,041
Sundry Debtors - 88,064
Loans & Advances 599,151 681,667
22,971,543 20,012,503
Less: CURRENT LIABILITIES &
PROVISIONS D 830,654 3,437,078
Net Current Assets 22,140,889 16,575,425

MISCELLANEOUS EXPENDITURE E - 8,000

(to the extent not written off or adjusted)

PROFIT & LOSS ACCOUNT - 151,428

Total 24,163,267 18,735,000

SIGNIFICANT ACCOUNTING POLICIES AND G (0) (0)

NOTES TO ACCOUNTS H

This is as per our report of even date

attached

for PAWAN SHUBHAM & CO.

Chartered Accountants
for RIVIEREA DIAMONDS PVT. LTD

PAWAN AGARWAL Sanchit Tosharia Achal Gupta

(Prop.) Director Director
M. No. 092345
September 3, 2009
Place: New Delhi
RIVIEREA DIAMONDS PVT. LTD.

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2009
2008-2009 2007-2008
SCHEDULE (Rs.) (Rs.)
INCOME

Sale of Ornaments 35,100,084 12,489,838

Other Income
Job Charges - 5,749
Bank Interest 13,986 -
Discount Received 196,170 -
35,310,240 12,495,587
EXPENDITURE
Cost of Ornaments sold:
Opening stock 18,497,732 -
Purchase (including direct attributable expense) 33,258,085 29,624,243
51,755,817 29,624,243
Less: Closing stock 19,697,724 32,058,093 18,497,732 11,126,511

Administrative and Other Overheads F 1,762,221 1,416,533

Depreciation 126,982 71,088
Miscellaneous expenses written off 8,000 2,000
Interest on Unsecured Loan 759,558 -
34,714,854 12,616,132

Profit/(Loss) BEFORE TAX 595,386 (120,545)

Add : Provision for Taxation
- Current Tax 50,000 -
- Fringe Benefit Tax 3,596 -
- Deferred Tax 107,566 161,162 - 4,972
Profit/(Loss) AFTER TAX 434,224 (125,517)
Profit / (Loss) brought forward (151,428) 25,911
Profit/(Loss) CARRIED TO BALANCE SHEET 282,796 (151,428)

Basic and Diluted Earning Per Share 43.42 12.55

See Note no. 5 of schedule 'H' to accounts

SIGNIFICANT ACCOUNTING POLICIES AND G

NOTES TO ACCOUNTS H

This is as per our report of even date

attached

Total

for PAWAN SHUBHAM & CO.

Chartered Accountants
for RIVIEREA DIAMONDS PVT. LTD

PAWAN AGARWAL Sanchit Tosharia Achal Gupta

(Prop.) Director Director
M. No. 092345
September 3, 2009
Place: New Delhi
RIVIEREA DIAMONDS PVT. LTD.

SCHEDULE : B

FIXED ASSETS 2008-2009

(Amount in Rs.)

GROSS BLOCK DEPRECIATION NET BLOCK

ADDITIONS DEDUCTIO
As at DURING SALE / As at UP TO FOR THE NS/ADJUS UP TO AS AT AS AT
PARTICULARS 01/04/2008 THE YEAR TRANSFER 31/03/2009 01/04/2008 YEAR TMENTS 31/03/2009 31/03/2009 31/03/2008
(Rs.) (Rs.) (Rs.) (Rs.) (Rs.)

Computers 111,901 - 111,901 12,102 17,669 - 29,771 82,130 99,799

Office Equipment & Appliances 1,377,692 29,212 - 1,406,904 35,660 67,867 - 103,527 1,303,377 1,342,032

Furniture & fittings * 564,648 120,000 - 684,648 23,326 41,446 - 64,772 619,876 541,322

TOTAL 2,054,241 149,212 2,203,453 71,088 126,982 198,070 2,005,383 1,983,153

RIVIEREA DIAMONDS PVT. LTD.
SCHEDULES FORMING PART OF THE BALANCE SHEET
As at 31.03.2009 As at 31.03.2008
(Rs.) (Rs.)

SCHEDULE - A: SHARE CAPITAL

AUTHORISED
10000 Equity Shares of Rs. 10/- each 100,000 100,000

ISSUED, SUBSCRIBED & PAID UP 100,000 100,000

10000 Equity Shares of Rs. 10/- each, fully paid up
100,000 100,000

SCHEDULE - C : CURRENT ASSETS, LOANS & ADVANCES

Current Assets

Inventory - Trading goods (as valued and verified by management)

Jewellery 3,662,804 3,219,141
Gold 9,410 11,749,287
Silver 102,801 -
Diamonds & Stones 15,922,709 19,697,724 3,529,304 18,497,732

Cash & Bank Balances

Cash in Hand 186,633 478,740
Balance with Scheduled banks in current account 2,488,035 2,674,667 266,301 745,041

Sundry Debtors ( Considered good)

More than six month - -
Others - - 88,064 88,064

Loans & Advances

( Unsecured & Considered good)
Advance recoverable in cash or in kind or for value 40,053
to be received - 13,474
Capital Advances for Assets - 50,000
Advance to Suppliers 24,098 84,693
Security Deposits 535,000 599,151 533,500 681,667

22,971,543 20,012,504

SCHEDULE - D : CURRENT LIABILITIES AND PROVISIONS

Current Liabilities
Sundry creditors - other than micro & small enterprise* 603,273 3,186,522
Advance from customers - 23,459
Cheques issued but not presented - 170,961
Expenses Payable 33,205 23,587
TDS Payable 129,571 12,577
Provisions
Provision for Current Tax ( Net of TDS) 46,009 -
Provision for FBT 3,596 4,972
Provision for Long term employee's benefits 15,000 15,000
830,654 3,437,078
*There is no dues to micro and small enterprises.

SCHEDULE - E :MISCELLANEOUS EXPENDITURE

(to the extent not written off or adjusted)
Preliminary Expenses 8,000 10,000
Less: Written off during the year 8,000 2,000
- 8,000
RIVIEREA DIAMONDS PVT. LTD.
2008-09 2007-08
(Rs.) (Rs.)
SCHEDULE- F

ADMINISTRATIVE AND OTHER OVERHEADS

Audit Fee 22,472 22,472
Advertisements 34,638 46,039
Bank Charges & Interest 165,066 54,128
Books & Periodicals 6,000 12,204
Business Promotion - 13,609
Conveyence - 38,380
Director Remuneration 180,000 160,000
Electricity & Water 131,628 100,273
Insurance Charges 83,009 89,225
Legal & Professional - 250
Office Maintenance 97,395 116,002
Other Expenses 25,112 305
Postage & Telegram 283 200
Printing & Stationery 25,327 27,366
Provision for Long term Employee's Benefits - 15,000
Rates & Taxes 1,188 32,105
Rent 114,000 114,000
Salaries 792,350 519,176
Staff Welfare 13,349 17,285
Telephone 40,043 23,804
Tour & Travelling 30,362 14,710
-
1,762,221 1,416,533
RIVIEREA DIAMONDS PVT. LTD.

Information pursuant to part IV of Schedule VI of the Companies Act, 1956 Balance Sheet
Abstract and Company's General Business profile.

I. Registration details

Registration No. U36912DL2007PTC158468 State Code 55

Balance Sheet Date 31.03.2009

II Capital raised during the year (Amount in '000)

Public issue Nil Right Issue Nil
Bonus Issue Nil Private placement Nil

III Position of Mobilisation and Deployment of Funds (Amount in '000)

Total Liabilities 24163 Total Assets 24163

Sources of Funds
Paid up Capital 100 Reserves & Surplus 283
Share Application money NIL Deferred Tax 108
Secured Loan NIL

Application of Funds
Net Fixed Assets 2005 Investments 17
Net Current Assets 22141
Profit and loss account 0

IV Performance of the Company (Amount in '000)

Turnover 35310 Total Expenditure 34715

Profit/(Loss) before tax 595 Profit/(Loss) after Tax 434
Earning per share (Rs)* 43 Dividend Rate % Nil
* Earning per share have been calculated by dividing profit after tax by the weighted average no. of
equity shares as at the year end.

V Generic Notes of Three Principal Products/ Services of Company

Item Code No. (I.T.C) Code Not Available

Product Description Ornaments

for RIVIEREA DIAMONDS PVT. LTD

Place: New Delhi Sanchit Tosharia Achal Gupta

Date : 03/09/2009 Director Director
RIVIEREA DIAMONDS PVT. LTD.

Calculation of Deferred Tax Assets/(Liability) as on 31.03.2009

Time Difference Deferred Tax
As per As per Figure
Acounts Income Tax Difference @ 30.90 %
Deferred Assets
Unadjusted Depreciation/Loss Carried forward - - - -
Provision for Long term employee's benefits - 15,000 15,000 4,635
- 15,000 15,000 4,635
Deferred Liability
Fixed Assets WDV 2,005,383 1,642,273 363,110 112,201
- - - -
2,005,383 1,642,273 363,110 112,201
DIFFERENCE (2,005,383) (1,627,273) (348,110) (107,566)

Net Deferred Tax Liability as on 31.03.09 (107,566)

Less : Already provided upto 01.04.2008 -

Deferred Tax Liabilty to be provided for the Year (107,566)

RIVIEREA DIAMONDS PVT. LTD.
Quantitative detail of Closing Stock as on 31.03.2009

Opening stock Purchase Sales Closing stock

Class of Goods
(qty.) (qty) (qty.) (qty.)

DIAMONDS JEWELLERY
ASMI 44 Pcs 18 Pcs 39 Pcs 23 Pcs
D DAMAS 344 Pcs 419 Pcs 387 Pcs 376 Pcs
RIVIEREA 1 Pc 1 Pcs - 2 Pcs
SCINTILLATING - 25 Pcs 25 Pcs NIL
RD SOLITAIRE - 2 Pcs (4 crt) 2 Pcs NIL

SILVER JEWELLERY
RD SILVER - 14089.063Pcs 7664 Pcs 6425.063 Pcs

GOLD JEWELLERY
D DAMAS GOLD 4 Pcs - - 4 Pcs
RD GOLD 22 K 10810.204 Gms 12141.597 Gms 13649.654 Gms 9302.147 Gms
RD GOLD 18 K 1094.950 Gms 1929.794 Gms 2432.527 Gms 592.214 Gms

BEADS & STONES - - - 1345.458 Pcs

Srishti - 3 Pcs 3 Pcs NIL
Prima Art - 178 Pcs 178 Pcs NIL

RAW MATERIAL
DIAMONDS(Opening) - 298.93 CRT
ADD- Purchase during the year 221.26 CRT
Less Utilise in diamonds production &
Sold during the year - 86.600 CRT - 357.278 CRT

Gold (see note 1 below) - 754.41 Gms

Note:-1.
(Qty)( in Gms)
Gold Purchase 17460.34
LESS:- GOLD T/F AGA. PAYMENT TO KARIGAR 846.56
BALANCE 16613.78
LESS : Utilise in Diamond Jewellery 700.40
Utilise in RD Gold Jewellery 12509.53
BALANCE 3403.86
SALE 2649.45
BALANCE 754.41
RIVIEREA DIAMONDS PVT. LTD.
ASSESSMENT YEAR - 2009-2010
Depreciation as per Income Tax Rules

Rate W.D.V. Addition Addition Deductions / Total Depreciation W.D.V.

Particulars of as on upto after Adjustments upto for the as on
Dep. 01.04.2008 30.09.2008 30.09.2008 31.3.2009 Year 31.03.2009

Furniture & Fixtures 10% 509,578 120,000 - - 629,578 62,958 566,620

Computer 60% 45,615 - - - 45,615 27,369 18,246

Office Equipment 15% 1,214,796 29,212 - - 1,244,008 186,601 1,057,407

Grand TOTAL 1,769,990 149,212 - - 1,919,202 276,928 1,642,273

Details of Addition in Fixed Assets 31-Mar-09

Date of Date Put to

Purchase Use Amount No of Days
Office Equipments
Security System 1.09.09 1.09.09 29,212 212
29,212
Furniture & Fixture
Furniture& Fitting 20.04.08 20.04.08 120000 345
120000