RAM SONS HOSIERY WORKS

Chander Nagar
BALANCE SHEET AS AT 31ST MARCH, 2017
LIABILITIES AMOUNT ASSETS AMOUNT
Proprietor's Capital Account 1917367.70 Fixed Assets 1146446.95
(As per Annexure : A) (As per Annexure : D)

Secured Loans Current Assets Loans & Advances

PNB Cash Credit 1228666.75 1. Closing Stock 1046000.00
(as taken, valued & certified by the
management)
Unsecured Loans
Richa Beri 707436.00 2. Sundry Debtors 6136808.00
(As per Annexure : E)

Current Liabilities & Provisions 3. Cash in Hand 67106.50

Sundry Creditors 4698117.00
(As per Annexure : B) 4. Loans & Advances & Other Current Assets 345078.00
(As per Annexure : F)

Expenses Payable 189852.00

(As per Annexure : C)

TOTAL 8741439.45 TOTAL 8741439.45

ACCOUNTING POLICIES
(As per Annexure G)
THIS IS THE BALANCE SHEET REFERRED
TO IN OUR REPORT OF EVEN DATE
for SUDHIR GOPAL & CO. for RAM SONS HOSIERY WORKS
Chartered Accountants

PLACE : LUDHIANA (SUDHIR KUMAR) KULBHUSHAN RAI BERI

DATE : 21/10/2017 Prop. Prop.
 RAM SONS HOSIERY WORKS
Chander Nagar
TRADING ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2017
PARTICULARS AMOUNT PARTICULARS AMOUNT
To Opening Stock 1513000.00 By Sales
To Purchases - Central 2% 13685762.00
VAT 3.63% 29437.00 - Central 6.05% 1482826.00
- CENTRAL 399182.00 - VAT 6.05% 1051308.00 16219896.00
- VAT 6.05% 88100.00
- VAT Free 11152786.00 11669505.00 By Closing Stock 846000.00
To Wages 526000.00
To Electricity Expenses 457262.00
To Genrator maintenance 27908.00
To Freight & Octroi 8530.00
To Consumable Store 810021.00
To Gross Profit 2053670.00
TOTAL 17065896.00 TOTAL 17065896.00

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2017
PARTICULARS AMOUNT PARTICULARS AMOUNT
To Accounting Charges 22500.00 By Gross Profit 2053670.00
To Advertisement 2000.00 By Rounded off 60.00
To Audit Fees 12000.00 By Postage 90635
To Bank Charges 15600.00 By Packing Charges 5306.00
To Bank Interest 137210.00
To Computer Maintenance 3000.00
To Depreciation 276279.50
To Fees & Taxes 1800.00
To Insurance 16147.00
To Interest on unsecured Loan 195646.00
To Machinery Repair 1886.00
To Packing Expenses 180000.00
Purchases 341549.00
Less : Closing Stock 200000.00 321549.00
To Petrol Expenses 15000.00
To Printing & Stationery 3750.00
To Salary 306000.00
To Rebates & discount 2851.00
To Telephone Expenses 42210.00
To Travelling Expenses 10785.00
To Water Charges 2390.00
To Net Profit 761067.50
TOTAL 2149671.00 TOTAL 2149671.00

THIS IS THE TRADING AND PROFIT & LOSS ACCOUNT

REFERRED TO IN OUR REPORT OF EVEN DATE

for SUDHIR GOPAL & CO. for RAM SONS HOSIERY WORKS
Chartered Accountants

PLACE : LUDHIANA (SUDHIR KUMAR) KULBHUSHAN RAI BERI

DATED : 21/10/2017 Prop. Prop.
 RAM SONS HOSIERY WORKS
Chander Nagar
CAPITAL ACCOUNT AS AT 31ST MARCH, 2017
Annexure : A
PARTICULARS AMOUNT
Opening Balance 1796707.20
Add: addition 120000.00
Add : Profit during the year 761067.50
2677774.70
Less : Drawings 618000.00 1156300.20
HOUSEHOLD 310000

HOUSING 180000
Cash withrals 128000
Less : L.I.C. 99885.00

Less : Mutual Fund 11000.00

Less : Mediclaim 20212.00

Less : School Fees 11310.00

Balance at the end of the year 1917367.70

LIST OF SUNDRY CREDITORS AS AT 31ST MARCH, 2017

Annexure : B
PARTICULARS AMOUNT
B.D. Associate 342928.00
Bhambure Garments 78742.00
BABA TRADERS 91704.00
Ganesh Sports Equipments 10695.00
GANPATI ENTERPRISES 75085.00
GODSON KNITTING WORKS 988824.00
INDER PAPER MART 28665.00
JAIN SHARMA TRADER 2000.00
HARMAN FASHION 420000.00
KETUL DASHADIA 703.00
MOTIWALE SPORTS APPEARLS 139339.00
NEXUS ELECTRONICS 28900.00
RAVI ART KNITTERS 50000.00
RAKHEJA SONS 94385.00
R.M. TRADING 115481.00
RAJINDER KUMAR NITIN KUMAR 300014.00
R.S. TRADERS 76760.00
S.S. Fabrices 174803.00
S.V. INTERNATIONAL 653340.00
STARPOINT INTERNATIONAL 24922.00
S.H. KNIT FAB 900021.00
V.S. FABRICES & INVESTMENTS P LTD 47280.00
VIKAS KNITTING WORKS 17385.00
VISHAL RIB HOUSE 36141.00
Total 4698117.00

EXPENSES PAYABLE AS AT 31ST MARCH, 2017

Annexure : C
PARTICULARS AMOUNT
CST Payable 87500.00
Electricity Expenses Payable 7210.00
Accounting Charges Payable 4500.00
Salary & Wages Payable 74000.00
Output 5% 1050.00
Audit fees payable 12000.00
Telephone Expenses 3592.00
Total 189852.00

for RAM SONS HOSIERY WORKS

KULBHUSHAN RAI BERI
Prop.
 RAM SONS HOSIERY WORKS
Chander Nagar
LIST OF SUNDRY DEBTORS AS AT 31ST MARCH, 2017
Annexure : E
PARTICULARS AMOUNT
ACADEMY SPORTS 16244.00
AMAR SPORTS 15629.00
AMBIKA UNIFORMS 68558.00
AR VEE INTERNATIONAL 24937.00
CHABRA SPORTS Agencies 38857.00
CHABRA SPORTS & Police Store 86961.00
EMPIRE SPORTS 8031.00
Ganesh Genreal Store 64230.00
H.M. SPORTS 77200.00
H.D.F.C 66281.00
HAOOZAT SPORTS CORNER 14921.00
KINGS FAHION 20543.00
LIBERTY STORES 451962.00
M.H. SHAH TRADELINK 74148.00
MOTIWALA SPORTS 108378.00
MUKESH SPORTS 67421.00
NEW ERA SPORTS 24341.00
NEW KOHLI SPORTS 15624.00
NEW RAHUL SPORTS 194314.00
PORWAL TRADE LINKS 3201654.00
PRO SILVER SPORTS 27822.00
RISHAB SPORTS 9651.00
RAJESH TRADE LINK 58700.00
ROMAN SPORTS 28873.00
RAMSONS BROTHERS 37055.00
SAHNI EDUCATIONAL STORE 55666.00
SHREE HARI KRUSHNA SHOPEE 14995.00
SILVER SPORTS 8353.00
SUKHMANI H.P. SERVICE CENTRE 10000.00
SHIVAM SPORTS 33597.00
SPORTS LINK 169184.00
SPORTS PLAZA 373303.00
SYNICATE SPORTS P LTD 25150.00
TIRUPUR GARMENTS 503229.00
UJWAL SPORTS 63255.00
VARIETY SPORTS 52243.00
V.L. SPORTS 25498.00
TOTAL 6136808.00

LIST OF LOANS & ADVANCES AND OTHER CURRENT ASSETS

AS AT 31ST MARCH, 2017
Annexure : F
PARTICULARS AMOUNT
Mrs. Sapna Beri 70465.00
Kulbhushan Rai Beri 237753.00
Prepaid Insurance 6860.00
Advance Tax 30000.00
TOTAL 345078.00

for RAM SONS HOSIERY WORKS

KULBHUSHAN RAI BERI

Prop.
Annexure : G to the Balance Sheet referred to in our report of even date in the case of M/S RAMSONS HOSIERY WORKS
Civil Lines, Ludhiana.

SIGNIFICANT ACCOUNTING POLICIES

I. Accounting Assumptions
1. These accounts have been prepared under the historical cost convention on the basis of a going concern, with
revenues and expenses accounted on their accrual including provisions/ adjustments for committed obligations and
amounts determined as payable or receivable during the year.

2. Inventories have been valued at cost or market price whichever is less.

3. Depreciation has been provided as per the rates prescribed under the provisions of Income Tax Act, 1961.

II. Balance of Sundry Debtors and Creditors are subject to confirmation.

III. In the opinion of the the prop. all the Current Assets Loans & Advances have a value on realisation in
the ordinary course of business at least to the amount at which they are stated in the books of accounts.

IV. Annexure A to G form an integral part of the Balance Sheet.

for RAM SONS HOSIERY WORKS

KULBHUSHAN RAI BERI

Prop.
 RAM SONS HOSIERY WORKS
Chander Nagar
ANNEXURE : D
FIXED ASSETS AS AT 31ST MARCH, 2017
Description of WDV as on Rate of Date Of Put Additions Additional Total WDV as on
Sub-Total Dep.
Assets 01/04/2016 Dep. Date to Use Amount Dep. Dep. 31/03/2017
Air Conditioner 68843.00 15.00% 68843.00 10326.00 10326.00 58517.00
Car 157091.00 15.00% 157091.00 23564.00 23564.00 133527.00

Computer 12009.60 60.00% 18/08/2016 6900.00 18909.60 11346.00 11346.00 7563.60

CCTV Camera 3501.00 15.00% 3501.00 525.00 525.00 2976.00
EPABX 3078.00 15.00% 3078.00 462.00 462.00 2616.00
Machinery 306382.85 15.00% 306382.85 45957.00 45957.00 260425.85
02-Apr-15 9750.00 9750.00 1462.50 1462.50 8287.50
15-May-15 15600.00 15600.00 2340.00 2340.00 13260.00
05-Jun-15 32110.00 32110.00 4816.50 4816.50 27293.50
01-Jul-15 69456.00 69456.00 10418.00 10418.00 59038.00
08-Jul-15 17-Oct-15 284625.00 284625.00 42694.00 34500.00 77194.00 207431.00
08-Jul-15 6042.00 6042.00 906.00 906.00 5136.00
06-Nov-15 64350.00 64350.00 9652.50 7800.00 17452.50 46897.50
27-Jan-16 5671.00 5671.00 851.00 688.00 1539.00 4132.00
03-Feb-16 28288.00 28288.00 4243.00 3429.00 7672.00 20616.00
13-Sep-16 24500.00 24500.00 3675.00 4900.00 8575.00 15925.00
11-Nov-16 10000.00 10000.00 750.00 1000.00 1750.00 8250.00
30-Jan-17 24500.00 24500.00 1838.00 2450.00 4288.00 20212.00
31-Mar-17 89000.00 89000.00 6675.00 8900.00 15575.00 73425.00
Mobile 3339.00 15.00% 3339.00 501.00 501.00 2838.00
Telephone Set 240.00 15.00% 240.00 36.00 36.00 204.00
Television 3531.00 15.00% 3531.00 530.00 530.00 3001.00
Furniture & Fixture 889.00 10.00% 889.00 89.00 89.00 800.00
Refrigator 7579.00 15.00% 7579.00 1137.00 1137.00 6442.00
Generator 125772.00 15.00% 125772.00 18866.00 18866.00 106906.00
Motor Cycle 20965.00 15.00% 20965.00 3145.00 3145.00 17820.00
Fire Extinguisher 3595.00 15.00% 0.00 3595.00 539.00 539.00 3056.00
Water Cooler 6219.00 15.00% 03-Jul-16 28900.00 35119.00 5268.00 5268.00 29851.00
Total 723034.45 699692.00 1422726.45 212612.50 63667.00 276279.50 1146446.95

for RAM SONS HOSIERY WORKS

KULBHUSHAN RAI BERI

Prop.
To
Sudhir Gopal & Co.
Chartered Accountants,
561, LSE Building, Feroze Gandhi Market,
Ludhiana.

We hereby certify that we have not paid any expenditure covered under section 40A(3) othervise than an account
payee cheque drawn on a bank or an account payee bank draft..

for RAM SONS HOSIERY WORKS

(KULBHUSHAN RAI BERI)

Prop.
To
Sudhir Gopal & Co.
Chartered Accountants,
561, LSE Building, Feroze Gandhi Market,
Ludhiana.

We hereby certify that we have not taken or accepting loan or deposit, or repayment of the same othervise than
an account payee cheque drawn on a bank or an account payee bank draft..

for RAM SONS HOSIERY WORKS

(KULBHUSHAN RAI BERI)

Prop.