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Rahul

The document is an audit report for Hindprakash Overseas Pvt. Ltd. for the financial year 2012-13. It includes: 1) Details of the statutory audit conducted on the company by auditing firm A.S. Gupta & Associates including the audit report date and copies of audited profit/loss account, balance sheet, and documents declared to be part of these financial statements. 2) A statement from the auditors that the particulars provided in Form 3CD including in the annexures are true and correct based on their audit. 3) Form 3CD which includes details of the company, nature of business, books of account, accounting methods, deductions claimed, taxes

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Jignesh Patel
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0% found this document useful (0 votes)
87 views38 pages

Rahul

The document is an audit report for Hindprakash Overseas Pvt. Ltd. for the financial year 2012-13. It includes: 1) Details of the statutory audit conducted on the company by auditing firm A.S. Gupta & Associates including the audit report date and copies of audited profit/loss account, balance sheet, and documents declared to be part of these financial statements. 2) A statement from the auditors that the particulars provided in Form 3CD including in the annexures are true and correct based on their audit. 3) Form 3CD which includes details of the company, nature of business, books of account, accounting methods, deductions claimed, taxes

Uploaded by

Jignesh Patel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 38

OVERSEAS PVT. LTD.

F.Y. 2012-13

FORM NO. 3CA


[See rule 6B(1)(a)]
Audit report under section 44AB of the Income-Tax Act, 1961 in a case where the accounts
of the business of a person have been audited under [any other law]
We have to report that the statutory audit of M/s. HINDPRAKASH OVERSEAS PVT.
LTD. ADDRESS : 204, "HINDPRAKASH" HOUSE, PLOT NO. 10/6, PHASE-1, GIDC,
VATVA, AHMEDABAD-382 445 (PAN: AAB-CH-9997-F)
was conducted by M/s.
Ashokkumar S. Gupta & Co., Chartered Accountant.
We annex hereto a copy of our audit report dt. 02.07.2012 along with a copy each of
(a) the audited profit and loss account for the year ended on 31st March, 2012;
(b) the audited balance sheet as at 31st March, 2012; and
(c) documents declared by the said Act to be part of , or annexed to, the profit and loss
account and balance sheet.
2. The statement of particulars required to be furnished under section 44AB is annexed
herewith in Form No.3CD
3. In our opinion and to the best of our information and according to explanation given to
us the particulars given in the said Form No.3CD and the Annexure thereto are true and
correct.
FOR, M/s. A. S. GUPTA & ASSOCIATES
CHARTERED ACCOUNTANTS

PLACE : AHMEDABAD
DATE : 09.09.2013

(A. S. GUPTA)
PARTNER
M. No. 031630
FRN : 116882W

FORM NO. 3CD


[See rule 6G(2)]
Statement of particulars required to be furnished under
section 44AB of the Income-tax Act, 1961
PART A
1

Name of the assessee

Address

Permanent Account Number

Status

Previous year ended

Assessment year

:
PART B

(a) If firm or Association of Persons, indicate names of


partners/members and their profit sharing ratios.

(b) If there is any change in the partners or members or in


their profit sharing ratio since the last date of the
preceding year, the particulars of such change.
8

(a) Nature of business or profession (if more than one


business or profession is carried on during the previous
year, nature of every business or profession).

(b) If there is any change in the nature of business or


profession, the particulars of such change.

(a) Whether books of account are prescribed under section


44AA, if yes, list of books so prescribed.

(b) Books of account maintained.

(In case books of account are maintained in a computer system,


mention the books of account generated by such computer system.)
(c) List of books of account examined.
10

Whether the profit and loss account includes any profits


and gains assessable on presumptive basis, if yes, indicate
the amount and the relevant sections (44AD, 44AE, 44AF, 44B,
44BB, 44BBA, 44BBB or any other relevant section).

11 (a) Method of accounting employed in the previous year.


(b) Whether there has been any change in the method of
accounting employed vis-a-vis the method employed in
the immediately preceding previous year.
(c) If answer to (b) above is in the affirmative, give details of such
change, and the effect thereof on the profit or loss.

:
:

:
:

(d) Details of deviation, if any, in the method of accounting


employed in the previous year from accounting standards
prescribed under section 145 and the effect thereof on the
profit or loss.
12 (a) Method of valuation of closing stock employed in the
previous year.

(b) Details of deviation, if any, from the method of valuation


prescribed under section 145A, and the effect thereof on
the profit or loss.
12

Give the following particulars of the capital asset converted into


stock-in-trade:

Amounts not credited to the profit and loss account, being,

13

(a) the items falling within the scope of section 28;

(b) the proforma credits, drawbacks, refund of duty of


customs or excise or service tax, or refund of sales tax or
value added tax, where such credits, drawbacks or
refunds are admitted as due by the authorities concerned;

(c) escalation claims accepted during the previous year;

(d) any other item of income;

(e) capital receipt, if any.

14

Particulars of depreciation allowable as per the Income-tax Act, 1961


in respect of each asset or block of assets, as the case may be, in the
:
following form :

15

Amounts admissible under sections 33AB, 33ABA , 33AC (wherever


applicable) ,35, 35ABB , 35AC ,35CCA , 35CCB , 35D , 35DD, 35DDA,
35E

15

debited to the profit and loss account (showing the amount


debited and deduction allowable under each section separately);

15

Not debited to profit and loss account.

16 (a) Any sum paid to an employee as bonus or commission for services


rendered, where such sum was otherwise payable to him as profits or
:
dividend. [Section 36(1)(ii)].

(b)

17

Any sum received from employees towards contributions to any


provident fund or superannuation fund or any other fund mentioned in
section 2(24)(x); and due date for payment and the actual date of
:
payment to the concerned authorities under section 36(1)(va).
Amounts debited to the profit and loss account, being :

(a) expenditure of capital nature;

(b) expenditure of personal nature;

(c) expenditure on advertisement in any souvenir, brochure,


tract, pamphlet or the like, published by a political party;

(d) expenditure incurred at clubs,


(i) as entrance fees and subscriptions;
(ii) as cost for club services and facilities used;

:
:

(e) (i) expenditure by way of penalty or fine for violation of


any law for the time being in force;
(ii) any other penalty or fine;
(iii) expenditure incurred for any purpose which is an
offence or which is prohibited by law;

(f) amounts inadmissible under section 40(a);

(g) interest, salary, bonus, commission or remuneration


inadmissible under section 40(b)/40(ba) and computation
thereof;

(h) (A) whether a certificate has been obtained from the


assessee regarding payments relating to any expenditure
covered under section 40A(3) that the payments were
made by account payee cheques drawn on a bank or
account payee bank draft, as the case may be, [Yes/No]

(B) amount inadmissible under section 40A(3), read with


rule 6DD [with break-up of inadmissible amounts]

:
:

(i) provision for payment of gratuity not allowable under


section 40A(7);

(j) any sum paid by the assessee as an employer not


allowable under section 40A(9);

(k) particulars of any liability of a contingent nature.

(l) amount of deduction inadmissible in terms of section 14A


in respect of the expenditure incurred in relation to
income which does not form part of the total income;

(m) amount inadmissible under the proviso to section


36(1)(iii)

Amount of interest inadmissible under section 23 of the


Micro, Small & Medium Enterprises Development Act,2006

18

Particulars of payments made to persons specified under


section 40A(2)(b)

19

Amounts deemed to be profits and gains under section 33AB or 33ABA


:
or 33AC.

20

Any amount of profit chargeable to tax under section 41 and


computation thereof.

17

21

(i) In respect of any sum referred to in clauses (a), (b), (c),


(d), (e) or (f) of section 43B, the liability for which :
(A) pre-existed on the first day of the previous year but
was not allowed in the assessment of any preceding
previous year and was

(i)(A)(a) paid during the previous year;

(i)(A)(b) not paid during the previous year;

(i)(B) was incurred in the previous year and was

(i)(B)(a) paid on or before the due date for furnishing the return of
income of the previous year 139(1);

(i)(B)(b) not paid on or before the aforesaid date.

(ii) *State whether sales tax, customs duty, excise duty or any other
indirect tax, levy, cess, impost, etc., is passed through the profit and
loss account.

22 (a) Amount of Modified Value Added Tax credits availed of


or utilized during the previous year and its treatment in
the profit and loss account and treatment of outstanding
Modified Value Added Tax credits in the accounts.

(b) Particulars of income or expenditure of prior period


credited or debited to the profit and loss account.

23

Details of any amount borrowed on hundi or any amount due thereon


(including interest on the amount borrowed) repaid, otherwise than
through an account payee cheque [Section 69D].

24 (a) Particulars of each loan or deposit in an amount


exceeding the limit specified in section 269SS taken or
accepted during the previous year :

25

(b) Particulars of each repayment of loan or deposit in an


amount exceeding the limit specified in section 269T
made during the previous year :

(c) Whether a certificate has been obtained from the assessee


regarding taking or accepting loan or deposit, or repayment
of the same through an account payee cheque or an account
payee bank draft. [Yes/No]

Details of brought forward loss or depreciation allowance,


in the following manner, to the extent available :
(a) Serial Number
Assessment Year
Nature of loss/allowance
Amount as returned (in rupees)
Amount as assessed (give reference to relevant order)
Remarks

(b) whether a change in shareholding of the company has taken

prior to the previous year cannot be allowed to be carried


forward in terms of section 79
26

Section-wise details of deductions, if any, admissible under


Chapter VIA.

27 (a) Whether the assessee has complied with the provisions of


Chapter XVII-B regarding deduction of tax at source and
regarding the payment thereof to the credit of the Central
Government. [Yes/No]
(b) If the provisions of Chapter XVII-B have not been complied
with, please give the following details*, namely:
Amount
(i) Tax deductible and not deducted at all

(ii) shortfall on account of lesser deduction than required to be


deducted

(iii) tax deducted late

(iv) tax deducted but not paid to the credit of the Central
Government
*Please give the details of cases covered in (i) to (iv) above.

28 (a) In the case of a trading concern, give quantitative details of


principal items of goods traded:

(b) In the case of a manufacturing concern, give quantitative details of


the principal items of raw materials, finished products and by-products
:
A. Raw materials :
:
B. Finished products/By-products :
:
29

In the case of a domestic company, details of tax on distributed profits


:
under section 115-O in the following form :

30

Whether any cost audit was carried out, if yes, enclose a


copy of the report of such audit [See section 139(9)].

31

Whether any audit was conducted under the Central Excise


Act 1944, if yes, enclose a copy of the report of such audit.

32

Accounting ratios with calculations as follows :

PLACE : AHMEDABAD
DATE : 09.09.2013

NO. 3CD

ule 6G(2)]

equired to be furnished under


Income-tax Act, 1961

ART A
M/s. HINDPRAKASH OVERSEAS PVT. LTD.

204, Hindprakash House, Plot No. 10/6, Phase - I, G.I.D.C. Vatva, Ahmedabad - 382445.
AAB-CH-9997-F , Ward 4(3) Ahmedabad
PRIVATE LIMITED COMPANY
31ST MARCH, 2013
2013 - 2014

ART B

N.A.
N.A

Sector
Trading

N.A

N.A.

As Per Annexure - I

As Per Annexure - I

NIL

Mercantile system
NO

NOT APPLICABLE
NO

At Cost or NRV, whichever is less

Sub-Sector
Wholesalers

Code
0203

NO

NOT APPLICABLE

NIL

NIL

NIL

NIL

NIL

As Per Annexure - II

NIL

NIL

NIL

As Per Annexure - III

NIL
NIL
NIL

NIL
NIL

NIL
NIL
NIL

NIL
NIL

Nil, In respect of payment made by cheque it is not possible for us to verify whether payment in excess of Rs.
20000/- have been made otherwise than by cross bank cheque/draft.

NIL

Provision for Gratuity Rs.27541/-

NOT APPLICABLE

NIL

NIL

NIL

NIL

As Per Annexure - IV

N.A.

NIL

As Per Annexure - V

As Per Annexure - V

As Per Annexure - V
As Per Annexure - V

NOT APPLICABLE

NOT APPLICABLE

NIL

NIL

As Per Annexure - VI

As Per Annexure - VI

Yes

1
2010-11
Unabsorbed Depreciation
Rs.8106
There is no such order.
No
NO

NIL

Yes
As Per Annexure - VII

NIL

NIL
NO
NO

As Per Annexure - VIII

NOT APPLICABLE
NOT APPLICABLE

N.A.

NO

NO

As Per Annexure - IX

FOR, M/s. A. S. GUPTA & ASSOCIATES


CHARTERED ACCOUNTANTS

(A. S. GUPTA)
PARTNER
M. No. 031630
FRN : 116882W

As Per Annexure - II
14

Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each asset or
block of assets, as the case may be, in the following form :
A/D during the year with date of such alongwith put tu use date

Cost or A= Add
Rate % WDV of
asset D=Ded
uc-tion
Activa
15%
48814
Air Condition
15%
66001
A
Car
15%
207178
Computer
60%
30442
A
Eterno Honda
15%
9976
Furniture
10%
296550
A
Eureka Forbes
15%
11892
Patent & Trademark
25%
21095
TOTAL
691948
Description of
Asset

Date of
A/D

Particulars

Amount

31.03.2013 Air Condition

51000

30.09.2012

Computer

21750

30.09.2012
31.03.2013

Furniture

96463
4944

174157

Date of put to use of


asset
31.03.2013
30.09.2012
30.09.2012
31.03.2013
-

Depreciation
7322.1
13725.2
31076.7
31315.2
1496.4
39548.5
1783.8
5273.75
131542

WDV at
the end
of year
41491.9

41491.9

As Per Annexure - I
7(a)

If firm or Association of Persons, indicate names of partners/members and their profit sharing ratios.
Sr.No.
1
2
3
4

Name of Members
Ravikant Saboo
Saroj Saboo
Ankita Saboo
Mayank Saboo

Relatoinship
Self
Wife
Daughter
Son
As Per Annexure - II

9 (A), (B) & (C)


Whether books of account are prescribed under section 44AA, if yes, list of book so prescribed.
Sr.No. Particulars
1
2
3
4
5
6
7

Cash Book
Bank Book
Sales Register
Purchase Register
Stock Register
Journal Register
Ledger

Computer generated
(Yes/No)
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Manually Generated
(Yes/No)
No
No
No
No
No
No
No

Examined
(Yes/No)
Yes
Yes
Yes
Yes
Yes
Yes
Yes

As Per Annexure - III


As Per Annexure - VI
24 (a)

Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or
accepted during the previous year :

Sr.No.
Name & Address of Lenders

PAN No.

Loan taken/ Squared Maximum


accepted
up/not
O/S

Taken/accepted
other than A/c
payee chq.

Ankita Associates
1

100000

NO

NO

AABHJ0145A

1136667

NO

NO

AABHJ6520M

1705625

NO

NO

126700

YES

NO

9972

YES

NO

77410

NO

NO

51, New Cloth Market, O/s. Raipur


Gate, Ahmedabad-380002
Adish Trading Company

43, New Cloth Market, Ahmedabad380002


Adish Syntex

43, New Cloth Market, Ahmedabad380002


Mahavirprasad Rajkumar

Kamdar Associates
5

Minakshi Gaurishankar Rathi


6

24 (b)

74/2 Shantam Tower, B/H Civil


Hospital, Shaibag, Ahmedabad.

ABCPR3656E

Particulars of each repayment of loan or deposit in an amount exceeding the limit specified in section 269T
made during the previous year :

Sr.No.

Name & Address of the payee

PAN No.

Amount of
repayment

Maximmum
O/S

Repay other than


A/c payee chq.

Ankita Associates
1

51, New Cloth Market, O/s. Raipur


Gate, Ahmedabad-380002
Adish Trading Company
43, New Cloth Market, Ahmedabad-

AABHJ0145A

700000

No

136667

No

OVERSEAS PVT. LTD.

F.Y.2012-13

ANNEXURE
PART - A
1

Name of the Assessee

: M/s. HINDPRAKASH OVERSEAS PVT. LTD.

Address

: 204, Hindprakash House, Plot No. 10/6, Phase I, G.I.D.C. Vatva, Ahmedabad - 382445.

Permanent Account Number

: AAB-CH-9997-F , Ward 4(3) Ahmedabad

Status

: PRIVATE LIMITED COMPANY

Previous year ended

: 31ST MARCH, 2013

Assessment year

: 2013 - 2014
PART - B

NATURE OF BUSINESS : DEALING IN DYES INTERMEDIATES


S.N.
PARAMETERS
2012-13
1
Paid-up Share Capital/Proprietor's Capital
10000000.00
2
Share Application Money
0.00
3
Reserves and Surplus
2015756.00
4
Secured Loans
0.00
5
Unsecured Loans
25569007.00
6
Current Liabilities and Provision
13720245.00
7
Total of Balance Sheet
51305008.00
8
Gross Turnover
116732617.00
9
Gross Profit
11155920.00
10 Commission received
598574.00
11 Commission Paid
123478.00
12 Interest Received
311482.00
13 Interest Paid
1987352.00
14 Depreciation as per Books of Account
15094.00
15 Net Profit (or Loss) before tax
4925080.00
16 Taxes on Income paid/ provided for in books
1020000.00
FOR, M/s. ASHOKKUMAR S. GUPTA & CO.
CHARTERED ACCOUNTANTS

(ASHOKKUMAR GUPTA)
PROPRIETOR
M.NO. 031630
FRN : 100698W
PLACE : AHMEDABAD
DATE : 09.09.2013

CODE : 0203
2011-12
10000000.00
0.00
-1854311.00
0.00
2700022.00
14117687.00
24963398.00
75524841.00
6716031.00
246192.00
130412.00
40242.00
532445.00
10373.00
2404053.00
502000.00

FOR & ON BEHALF OF THE BOARD

ABHINAV A. AGRAWAL
(DIRECTOR)

SANJAY P. MANGAL
(DIRECTOR)

OVERSEAS PVT. LTD.

F.Y.2012-13

BALANCE SHEET AS AT 31ST MARCH, 2013

Particulars

NOTE

EQUITY AND LIABILITIES

Shareholders funds
(a) Share capital
(b) Reserves and surplus

Share application money

Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Long-term provisions

Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions

1
2

ASSETS

Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets

Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances

See accompanying notes forming part


of the financial statements
As per our report of even date attached herewith
FOR, M/s. ASHOKKUMAR S. GUPTA & CO.
CHARTERED ACCOUNTANTS

PLACE : AHMEDABAD

10000000.00
(1854311.00)
8145689.00
0.00

25569007.00
33667.00
71988.00
25674662.00

2700022.00
0.00
44447.00
2744469.00

4
5
6
7

3083632.00
8967992.00
574460.00
988506.00
13614590.00

889995.00
12514424.00
152767.00
516054.00
14073240.00

51305008.00

24963398.00

190967.00
6170.00
197137.00
100.00
0.00
197237.00

70841.00
7515.00
78356.00
0.00
1346.00
79702.00

0.00
9432179.00
38181433.00
454126.00
3040033.00
51107771.00

0.00
2432710.00
20881370.00
456143.00
1113473.00
24883696.00

51305008.00

24963398.00

10
11
12
13

TOTAL

(ASHOKKUMAR GUPTA)
PROPRIETOR
M.NO. 031630
FRN : 100698W

10000000.00
2015756.00
12015756.00

(b) Non-current investments


(c) Deferred tax assets (net)
2

As at
31.03.2012
Rs.

0.00

TOTAL
B

As at
31.03.2013
Rs.

21

FOR & ON BEHALF OF THE BOARD

ABHINAV A. AGRAWAL
(DIRECTOR)

SANJAY P. MANGAL

DATE

: 09.09.2013

(DIRECTOR)

OVERSEAS PVT. LTD.

F.Y.2012-13

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013

Particulars

NOTE

For the year


ended
31.03.2013
Rs.

For the year


ended
31.03.2012
Rs.

CONTINUING OPERATIONS

Revenue from operations (gross)


Less: Excise duty
Revenue from operations (net)

15

116732617.00
0.00
116732617.00

75524841.00
0.00
75524841.00

Other income

16

311483.00

391041.00

TOTAL REVENUE

117044100.00

75915882.00

Expenses
(a) Cost of Goods Traded
(b) Employee benefits expense
(c) Finance costs
(d) Depreciation
(e) Other expenses

105576697.00
1900038.00
2186345.00
15094.00
2440846.00

68808810.00
1947010.00
618569.00
10373.00
2127067.00

112119020.00

73511829.00

4925080.00

2404053.00

TOTAL EXPENSES

17
18
19
8
20

Profit / (Loss) before exceptional and


extraordinary items and tax

Exceptional items

0.00

0.00

Extraordinary items

0.00

0.00

Profit / (Loss) before tax

4925080.00

2404053.00

Tax
(a)
(b)
(c)
(d)
(e)

expense:
Tax expense for current year
(Less): MAT credit (where applicable)
Tax expense relating to prior years
Net current tax expense
Deferred tax
Net Tax Expense

10 Profit / (Loss) for the year

1020000.00
0.00
0.00
1020000.00
35013.00
1055013.00
3870067.00

502000.00
0.00
(3622.00)
498378.00
4141.00
502519.00
1901534.00

As per our report of even date attached herewith


FOR, M/s. ASHOKKUMAR S. GUPTA & CO.
CHARTERED ACCOUNTANTS

(ASHOKKUMAR GUPTA)
PROPRIETOR
M.NO. 031630
FRN : 100698W
PLACE : AHMEDABAD
DATE : 09.09.2013

FOR & ON BEHALF OF THE BOARD

ABHINAV A. AGRAWAL
(DIRECTOR)

SANJAY P. MANGAL
(DIRECTOR)

OVERSEAS PVT. LTD.

F.Y.2012-13

PARTICULARS
NOTE :

2012-13
Rs.

2011-12
Rs.

SHARE CAPITAL

AUTHORIZED SHARE CAPITAL


10000000.00

10,00,000(10,00,000) Equity Shares of Rs.10/- each

10000000.00

ISSUED, SUBSCRIBED AND PAID UP CAPITAL


10000000.00
10000000.00

10,00,000(10,00,000) Equity Shares of Rs.10/- each fully paid up

10000000.00
10000000.00

(c ) Reconciliation of number of shares

Particulars
Equity Shares of Rs. 10 each
Shares at the beginning of the year
Add: Shares issued during the year
Shares at the end of the year

As at 31st March,2013
No. of shares
Amount(Rs.)
held

1000000
1000000

10000000.00
10000000.00

As at 31st March, 2012


No. of Shares
Amount(Rs.)
held
1000000
1000000

10000000.00
10000000.00

(d) Statement of shareholders holding more than 5% shares in the company


As at 31st March,2013
Name of Shareholders
Dimple S Mangal
Rashmi V. Mangal
Shri Anil S. Agrawal
Shrishak Securities Ltd
Smt. Kaushalya Devi Agrawal
Smt. Suchetana Agrawal

NOTE :
2
RESERVES & SURPLUS
Profit & Loss Account

NOTE :

10.55
12.50
19.77
18.45
10.00
15.50

2015756.00

(1854311.00)

2015756.00

(1854311.00)

11200000.00
14369007.00
25569007.00

1000000.00
1700022.00
2700022.00

71988.00
71988.00

44447.00
44447.00

3083632.00
3083632.00

889995.00
889995.00

8838518.00
129474.00
8967992.00

12261451.00
252973.00
12514424.00

110.00
0.00
30843.00
223185.00
254138.00

112.00
56724.00
15951.00
79980.00
152767.00

320322.00
320322.00
574460.00

0.00
0.00
152767.00

SHORT-TERM BORROWINGS

Secured Loans
- From Banks (Book O.D.)

NOTE :

10.55
12.50
19.77
18.45
10.00
15.50

% of holding

LONG-TERM PROVISIONS

Provision For Gratuity

NOTE :

105500
125000
197740
184490
100000
155000

As at 31st March, 2012


No. of Shares
held
105500
125000
197740
184490
100000
155000

LONG-TERM BORROWINGS

Unsecured Loans
- From Directors, Shareholders and others
- From Inter Corporates

NOTE :

No. of shares
% of holding
held

TRADE PAYABLES

Sundry Creditors for Goods


Sundry Creditors for Expenses

NOTE :
7
OTHERS CURRENT LIABILITIES
Service Tax Payable
VAT Payable
CST Payable
TDS Payable

Advance from Customers

NOTE :

SHORT TERM PROVISIONS

Provision for Employees Benefit


Provisions for Leave Encashment
Others
Income Tax (Net)

NOTE :
10 NON CURRENT INVESTMENTS
Investment in Equity Instruments

NOTE :
11 INVENTORIES
(As taken, valued and certified by the Management)
Traded G (At cost or market value w.e. is lower)
NOTE :

59171.00

38673.00

929335.00
988506.00

477381.00
516054.00

100.00
100.00

0.00
0.00

9432179.00
9432179.00

2432710.00
2432710.00

2860146.00
35321287.00
38181433.00

1915030.00
18966340.00
20881370.00

103603.00

325.00

350523.00
454126.00

455818.00
456143.00

1950024.00
1090009.00
3040033.00

404733.00
708740.00
1113473.00

116134043.00
598574.00

75278649.00
246192.00

116732617.00

75524841.00

275610.00
1.00
35872.00
0.00
0.00
311483.00

7020.00
0.00
33222.00
52025.00
298774.00
391041.00

2432710.00

763330.00

36660077.00
56149665.00
12179767.00
104989509.00
7835480.00
248823.00
9432179.00
105576697.00

23257367.00
45546298.00
156570.00
68960235.00
2631731.00
1113776.00
2432710.00
68808810.00

1834714.00
17285.00
48039.00
1900038.00

1897132.00
15343.00
34535.00
1947010.00

1987352.00
119170.00
71964.00
7859.00

532445.00
75645.00
10479.00
0.00

12 TRADE RECEIVABLES

(Unsecured considered good)


a) Trade receivables exceeding six months
b) Other Trade receivables
NOTE :
13 CASH & BANK BALANCE
Cash on hand
BALANCE WITH SCHEDULED BANKS
In Current Account

NOTE :
14 SHORT TERM LOANS & ADVANCES
(a) Balances with government authorities
(b) Advances Recoverable in Cash or kind

NOTE :
15 REVENUE FROM OPERATION (NET)
Sales
Sales - Services

NOTE :
16 OTHER INCOME
Interest on Fixed Deposit
Dividend
Interest income from Trade Receivable
Balance Written off
Export Incentives

NOTE :
17 COST OF GOODS TRADED
Opening Stock
Add : Purchase
Import
Local
Other Tax Free and OGS
Add : Direct Exps.
Less : Return
Less : Closing Stock

NOTE :
18 EMPLOYEES EMOLUMENTS
Salary, Wages & Bonus etc.
Contribution to P.F. & ESIC
Provision for Gratuity and privilege leave
EMPLOYEES EMOLUMENTS

NOTE :
19 FINANCE EXPENSE
Interest Expense
Bank charges
Foreign Bank Charges
Exchange Rate Difference (Buyer's Credit)

FINANCE EXPENSE

2186345.00

618569.00

NOTE :
20 OTHER EXPENSES
Administrative Expeneses :Remmuneration to Auditors
Conveyance
Balance Written Off
Lease Rent
Legal & consultancy Fees
Legal Expenses
Laboratory Expenses
Membership & Licence fees
Office Expenses
Postage & courier
Printing & stationery
Professional Taxes
Repairs & Maintanance
Telephone Expense
Warehousing Charges

Selling & Distribution :Export Expenses


Travelling Expenses
Sales Promotion Expneses
Freight & Cartage Outward Expenses
Cash Discount
Loading unloading Expenses
Advertisement Expense

OTHER EXPENSES

28090.00
189414.00
32381.00
8760.00
213391.00
16333.00
8001.00
10112.00
90333.00
20648.00
146923.00
2400.00
33447.00
37619.00
48701.00
886553.00

31695.00
241627.00
0.00
8112.00
57576.00
5667.00
54087.00
7170.00
36860.00
33574.00
16436.00
2400.00
12092.00
35319.00
27336.00
569951.00

762.00
657296.00
382926.00

133887.00
646939.00
456701.00

266057.00
108737.00
23927.00
114588.00
1554293.00

225277.00
0.00
13778.00
80534.00
1557116.00

2440846.00

2127067.00

F.Y.2012-13
ANNEXURES OF BALANCE SHEET & PROFIT & LOSS A/C.

2012-13
Rs.

2011-12
Rs.

SHARE CAPITAL
Authorised Share Capital
10,00,000(10,00,000) Equity Shares of Rs.10/- each

10000000.00

10000000.00

10000000.00
10000000.00

10000000.00
10000000.00

(1854311.00)
3870067.00

(3755845.00)
1901534.00

Issued, Subscribed and paid up Capital


10,00,000(10,00,000) Equity Shares of Rs.10/- each fully paid up

RESERVES & SURPLUS


Profit & Loss Account
Opening
Add : Addition during the year

2015756.00
Secured Loans
From Banks
ING Vysya Bank
ICICI Bank Ltd.

(1854311.00)

(Book O.D.)
0.00
3083632.00
3083632.00

889995.00
0.00
889995.00

11200000.00
11200000.00

1000000.00
1000000.00

9469007.00
4900000.00
14369007.00
25569007.00

1300022.00
400000.00
1700022.00
3590017.00

31854.00
12593.00
27541.00
71988.00

31854.00
12593.00
0.00
44447.00

100.00
100.00

0.00
0.00

9432179.00
9432179.00

2432710.00
2432710.00

Non-Current Term Liabilities


Unsecured Loans
From Shareholders
Kashiram Trilokchand
From Inter Corporates
Shirshak Enterprises Pvt. Ltd.
Suman Finstock Pvt.Ltd

Long Term Provision


Provision For Gratuity
Gratuity

2010 - 11
2011 - 12
2012 - 13

NON CURRENT INVESTMENTS


Unquoted fully paid-up shares
Shirshak Securities Ltd.

No. of shares
10

CURRENT ASSETS
INVENTORIES
(As taken, valued and certified by the Management)
Traded Goods
(At cost or market value w.e. is lower)

F.Y.2012-13
SUNDRY DEBTORS
(Unsecured considered good)
More than six months
Domestic
Foreign
Others
Domestic
Foreign

CASH & BANK BALANCE


Cash-in-hand

2719110.00
141036.00
2860146.00

1244651.00
670379.00
1915030.00

35303763.00
17524.00
35321287.00
38181433.00

18929786.00
36554.00
18966340.00
20881370.00

103603.00
103603.00

BALANCE WITH SCHEDULED BANKS


In Current Account
Bank of Baroda (Kali Gam-01060)
ING Vysya Bank Ltd.
Vijaya Bank ( 732800301000065)
SBI (30367763075 )
UBI (503501010032086)

LOANS & ADVANCES


Advance Receivable in Cash or Kind
Balance with Government Authorities
Service Tax Receivable
SAD Refund Receivable
Vat Receivable

Advance Recoverable in Cash or Kind


DEPB Export Incentive Receivable
Anant C. Shah
Advance for Expense
Pre-paid Expenses (F.Y.2013-14)
Ambition Holidays
Chemexcil
IFFCO Tokyo General Insurance
Export Credit Guarantee

a) Advances to Suppliers
Ambition Travels
Krishna Enterprise
BOB Custom Account

TOTAL CURRENT ASSETS

325.00
325.00

54398.00

54398.00

157005.00
0.00
111427.00
27693.00
350523.00
454126.00

0.00
44772.00
322211.00
34437.00
455818.00
456143.00

122829
1745724.00
81471.00
1950024.00

95113.00
234610.00
75010.00
404733.00

0.00
292500.00
5000.00
45.00
0.00
0.00
0.00
68305.00
365850.00

81779.00
382500.00
3360.00
0.00
40900.00
100000.00
12051.00
68305.00
688895.00

38200.00
19845.00
666114.00
724159.00

0.00
19845.00
0.00
19845.00

51107771.00

24883696.00

F.Y.2012-13
CURRENT LIABILITIES
Sundry Creditors for Goods
Domestic
Foreign
Sundry Creditors for Expenses
Ambition holidays
Paresh C. Shah
Liability towards Staff
Unpaid Telephone Expense
Provision for Expenses
Provision for Audit Fees
Provision for legal Fees
DEPB Export Incentive Reserve
Bonus Payable

8838518.00
0.00
8838518.00

4512841.00
7748610.00
12261451.00

17000.00
48457.00
0.00
2942.00
29481.00
28090.00
0.00
0.00
3504.00
129474.00

11065.00
0.00
99094.00
0.00
0.00
28090.00
28090.00
81780.00
4854.00
252973.00

8967992.00

12514424.00

110.00
0.00
346.00

112.00
2846.00
1127.00

198483.00
18730.00
5626.00
0.00
30843.00
254138.00

53229.00
11566.00
11212.00
56724.00
15951.00
152767.00

320322.00
320322.00
18380970.00

0.00
0.00
24928642.00

502000.00
(477040.00)
(24619.00)
341.00

502000.00
0.00
(24619.00)
477381.00

1020000.00
0.00
(91006.00)
928994.00

0.00
0.00
0.00
0.00

9372.00
7359.00
21942.00
20498.00
59171.00
988506.00

9372.00
7359.00
21942.00
0.00
38673.00
516054.00

Other Current Liabilities


Sundry Creditors for Statutory Liability
Service Tax on Transport
TDS on Consultancy
TDS on Contract
Advertise
TDS on Interest
TDS on Salary
TDS on Commission
VAT Payable
CST Payable

Advance from Customers

Provisions
Provisions for Income Tax F.Y. 11-12
Provision for Income Tax F.Y. 11-12
Income Tax (F.Y. 2011-12)
TDS Receivable (F.Y. 2011-12)
Provisions for Income Tax F.Y. 12-13
Provision for Income Tax F.Y. 12-13
Income Tax (F.Y. 2012-13)
TDS Receivable (F.Y. 2012-13)
Provisions for Leave Encashment
Leave Encashment
2009 - 10
2010 - 11
2011 - 12
2012 - 13

F.Y.2012-13
ANNEXURE TO PROFIT & LOSS ACCOUNT
I N C O M E
Sales
Sales - Domestic
Highseas Sales
Domestic Sales
Sales - Export
Indirect Export Sales
Exchange Rate Difference
Less: Sales Return
Local
OGS

549670.00
117620.00

DEPB Sales
Sales - Services
Commission Income

Other Income
Interest on FDR
Dividend
Interest Others
Balance Written off
Export Incentives
Duty Drawback Incentive
DEPB Incentive

E X P E N S E S
Cost of Goods Traded
Opening Stock
Add :Purchase
Import
Auxiliary Import
Exchange Rate Difference
Pigment Import
Screen
Dyes - H Form
Intermediate
Intermediate - Form H

0.00
116770827.00
116770827.00

6951848.00
62720063.00
69671911.00

0.00
30506.00
30506.00

4551057.00
315855.00
4866912.00

667290.00

0.00

0.00

739826.00

598574.00
116732617.00

246192.00
75524841.00

275610.00
1.00
35872.00
0.00
311483.00

7020.00
0.00
33222.00
52025.00
92267.00

0.00
311483.00
117044100.00

15027.00
283747.00
298774.00
391041.00
75915882.00

2432710.00

763330.00

36660077.00

2806870.00
588978.00
7095150.00
6574774.00
410000.00
1805804.00
3975791.00
23257367.00

0.00
0.00

20807517.00
383170.00
2777130.00
11410210.00
0.00
1282050.00
0

Local
Auxiliary Local
Pigment Local
Dyes - Local
Intermediate - Local
Screen Local
Rate Difference
Packing Material - Local

6774874.00
43259861.00
2012950.00
653250.00
3411830.00
(55000.00)
91900.00

7582877.00
31132052.00
6551399.00
211860.00
49500.00
35030.00
56149665.00

18610.00
45546298.00

F.Y.2012-13
Others
Other - Tax Free
OGS Purchase
Purchase Licence Local DEPB

3559000.00
8620767.00
0.00

Add :Direct Exp.


Cartage
Packing Expenses
Custom Duty
CVD
SAD
Clearing & Forwarding Expenses (Import)
VAT Expenses
Freignt Inward

Purchase Return Local


Discount / (Premium) on Licence Consumed

12179767.00
104989509.00

0.00
156570.00
0.00
156570.00
68960235.00

9010.00
187432.00
2880387.00
3791723.00
5278.00
441577.00
171711.00
348362.00
7835480.00

18185.00
0.00
978984.00
1282918.00
0.00
181592.00
146162.00
23890.00
2631731.00

248823.00
0.00
248823.00

Less :Closing Stock


Cost of Goods Traded

1086900.00
26876.00
1113776.00

9432179.00
587188.00

2432710.00
68808810.00

151602.00
157456.00
1521652.00
500.00
3504.00
1834714.00

167415.00
174942.00
1549921.00
0.00
4854.00
1897132.00

17285.00
17285.00

15343.00
15343.00

20498.00
27541.00
48039.00

21942.00
12593.00
34535.00

1900038.00

1947010.00

28090.00
189414.00
32381.00
8760.00
213391.00

31695.00
241627.00
0.00
8112.00
57576.00

16333.00
8001.00
10112.00
90333.00
20648.00
146923.00
2400.00
48701.00

5667.00
54087.00
7170.00
36860.00
33574.00
16436.00
2400.00
27336.00

33447.00

12092.00

Employees Emoluments
Salary, Wages & Bonus etc.
Conveyance Allowance
House Rent Allowance
Salary Expenses
Staff Welfare Expense
Bonus Expenses
Contribution to P.F. & ESIC
Company's Contribution P.F
Provision for Gratuity and privilege leave
Leave Provision
Gratuity to Staff

Employees Emoluments
Administrative Expenses
Remmuneration to Auditors
Conveyance
Balance Written Off
Lease Rent
Legal & consultancy Fees
Legal Expenses
Legal Expense
Filing Fees
Laboratory Expenses
Membership & Licence fees
Office Expenses
Postage & courier
Printing & stationery
Professional Taxes
Warehousing Charges
Repairs & Maintanance
Computer
Vehicle

14085.00
2248.00

1180.00
32267.00

Telephone Expense
Administrative Expenses

37619.00
886553.00

F.Y.2012-13
35319.00
569951.00

F.Y.2012-13
Selling & Distribution Expenses
Export Expenses
Certificate of origin Application expenses
Clearing & Forwarding Expenses
CT-1 issue Expenses
DEPB Application Fees
Export Expense
Insurance Expenses
Sea/ Air Freight
POE Issue Expenses
Travelling Expenses
Travelling - local
Travelling - Foreign
Sales Promotion Expneses
Business Promotion
Fare Participation Expenses
Gift Expense
Sales Commission
Sample Expenses
Kasar & Vatav

Freight & Cartage Outward Expenses


Cartage
Freight

Foreign Bank Charges


Exchange Rate Difference (Buyer's Credit)
Financial Expenses

575.00
103778.00
690.00
609.00
780.00
2768.00
23127.00
1560.00
133887.00

561121.00
96175.00
657296.00

442648.00
204291.00
646939.00

15816.00
100210.00
120044.00
123478.00
20988.00
2390.00
382926.00

22063.00
245732.00
0.00
130412.00
9591.00
48903.00
456701.00

266057.00

212615
12662
225277.00

108737.00
23927.00
114588.00
1554293.00

0.00
13778.00
80534.00
1557116.00

1987352.00

532445.00

119170.00
71964.00
7859.00
2186345.00

75645
0
75645.00
10479.00
0.00
618569.00

267926.00
(1,869.00)

Cash Discount
Loading unloading Expenses
Advertisement Expense
Selling & Distribution Expenses
Financial Expenses
Interest Expense
Bank charges
Bank Charges
Bank Charges - Buyer's Credit

0.00
562.00
0.00
200.00
0.00
0.00
0.00
0.00
762.00

94909
24261.00

OVERSEAS PVT. LTD.


NOTE :

Description
of Asset

F.Y.2012-13

FIXED ASSETS

Op. Bal.
`

Gross Block
Add.
Dedu.
`
`

Total
`

Op.Bal.
`

Depreciation
Add.
Dedu
`
`

Net Block
Total
`

31.03.2013

31.03.2012

Tangible Assets
Computer
Office Equipments
Total

48025.00
47460.00
95485.00

0.00
133875.00
133875.00

0.00 48025.00
0.00 181335.00
0.00 229360.00

22456.00
2188.00
24644.00

7785.00
5964.00
13749.00

8300.00

0.00

0.00

8300.00

785.00

1345.00

8300.00
33775.00

0.00
44100.00

0.00
0.00

8300.00
77875.00

785.00
9581.00

103785.00

133875.00

0.00 237660.00

25429.00

0.00 30241.00
0.00
8152.00
0.00 38393.00

17784.00
173183.00
190967.00

25569.00
45272.00
70841.00

2130.00

6170.00

7515.00

1345.00
5475.00

0.00 2130.00
0.00 15056.00

6170.00
62819.00

7515.00
24194.00

15094.00

0.00 40523.00

197137.00

78356.00

Intangible Assets
Computer Software
Total
Previous year
TOTAL

0.00

OVERSEAS PVT. LTD.

F.Y.2012-13

CALCULATION AS PER AS-22


I. LAST YEAR CALCULATIONS
1

DEPRECIATION
Net block as on 31/3/2013
Net block as per I.T. Act

197137
41492
155645

I.TAX @ 30.9% BP>TP # DTL


2

48094

U/s. 43- Disallowable 2011-12, Allowed this year


Bonus
4854
Leave Encashment
Gratuty

U/s. 43- Disallowable 2012-13


Bonus
Leave Encashment
Gratuity

3504
20498
27541

Net DTL for the Year C/f. to BxS


4

1500
0
1500
49594

Reversal of Last year DTL


Reversal of Last year DTA

1083
6334
8510
15927
33667

33667

1346

DTA LESS to P&L A/c.

DTA ADD to P&L A/c.

(35013)

OVERSEAS PVT. LTD.


NOTE :
(1)

21

F.Y.2012-13

NOTES ON ACCOUNTS

Significant Accounting Policies


(A)

Method of Accounting
The financial Statement are prepared in accordance with the generally accepted accounting
standards in India. The company has followed these accounting policies consistently. The financial
statements are prepared under accrual basis of accounting.

(B)

Use of Estimates
The prepration of financial statements requires estimates and assumptions to be made that affect
the reported amount of assets and liabilites on the date of the financial statement and the
reported amount of revenue and expenses during the reporting period. Difference between the
actual results and estimates are recognized in the period in which the results are
known/materialized.

(C)

Fixed Assets
Fixed Assets are stated at their acquisition cost including incidental exp less accumulated Dep.

(D) Inventories
Traded Goods

(As taken, valued and certified by the management)


At cost or market value whichever is less

(G) Sales
Sales are accounted at realized value and as per date of bill of lading.
(H) Depreciation
Depreciation has been provided on the Written Down Value method in accordance with provision of
Section205 (2) (b) at the rates prescribed in Schedule XIV of the Companies Act, 1956 on prorata
basis with respect to the period of use.
(I)

Retirement Benefits
Company's contribution to provident funds and Employee's State Insurance are charged to profit &
loss account. Gratuity and other retirement benefits are being accounted for on cash basis.

(J)

Revenue recognition
Revenue in respect of Insurance, Interest, Commission and other claims etc, is recognized only
when it is reasonably certain that the ultimate collection will be made.

(K)

Contingent Liabilities
Contingent Liabilities are disclosed by way of notes to the accounts. Provision is made in the
accounts in respect of those liabilities which are likely to materialise after the year end till the
finalization of accounts and have material effect on the position stated in the accounts.

(2)

No provision has been made for doubtful debts and advances. In the opinion of the management, it
will be realised in due course. In the opinion of the Board, the current assets, loans & advances are
approximately of the value stated if realized in the ordinary course of business. The provision of all
known liabilities are adequate and not in excess of the amount realized necessary.

(3)

The balance of Sundry Debtors, Sundry Creditors, Loans and


Advances are subject to
confirmation and reconciliation. Adjustment, provision if any required will be made on
reconciliation.

OVERSEAS PVT. LTD.

F.Y.2012-13

(4)

Provision for tax has been made in the books of accounts as per related provision of the Income
Tax Act, 1961

(5)

Contingent liabilities : Nil

(6)

Auditor's Remuneration
(including service tax, as applicable)
No
Particulars
1 Statutory Auditor
2 Tax Auditor
TOTAL

31.03.2013 31.03.2012
25000
25000
25000
25000
50000
50000

(7)

Estimated amount of contracts remaining to be executed on capital accounts and not provided for
Rs. NIL Lacs.

(8)

Additional information pursuant to provisions of para 3, 4C & 4D of part II of


Companies Act, 1956 :
A)

Licensed & Installed capacity As certified by the management.


N.A.

B)

Purchase , Opening and closing stock of finished products.


Part iculars

Opening Stock
Purchase
Sales
Closing Stock

2012-2013
Qty.
Amt.
Mtrs.
Rs.
9375
2432710
487842
112576166
458012
116134043
39205
9432179

Schedule VI to the

2011-2012
Qty.
Amt.
Mtrs.
Rs.
5100
763330
293171
71591966
288896
74538823
9375 2432710.00

(9)

Expenditure in foreign currency incurred during the year :- Rs. 51315 (1000 USD)

(10)

Earning in Foreign Currency :(in Lacs)


Particulars
Direct Export (FOB) Value

(11)

2012-13
NIL

2011-12
47.72

Calculation for Deferred Tax Asset as per AS-22


Particulars
Upto 31/3/2012 DTA
Net (DTA)/DTL for the year
Net DTA as at 31/3/2013

2012-2013
Rs.
9628
(35013)
(25385)

2011-12
Rs.
5487
4141
9628

OVERSEAS PVT. LTD.

F.Y.2012-13

(12)

None of Employee employed through the year and in receipt of remuneration which in aggregate
was not less than Rs. 24,00,000/- per annum and if employed for the part of the year then not less
than Rs. 2,00,000/- per month.

(13)

Note 1 to '21' form integral part of the accounts.


As per out report of even date attached herewith

FOR, M/s. ASHOKKUMAR S. GUPTA & CO.


CHARTERED ACCOUNTANTS

(ASHOKKUMAR GUPTA)
PROPRIETOR
M.NO. 031630
FRN : 100698W
PLACE : AHMEDABAD
DATE : 09.09.2013

FOR & ON BEHALF OF THE BOARD

ABHINAV A. AGRAWAL
(DIRECTOR)

SANJAY P. MANGAL
(DIRECTOR)

HINDPRAKASH OVERSEAS PVT. LTD.


STOCK SUMMARY : 01-04-2012 TO 31-03-2013
Particulars
Opening Stock
Purchase
Purchase Return
Sub Total
Sale
Sale Return
Consumption
Sub Total

Closing Stock

Cl.Stock as per
Closing Stock
Statement

Quantity

Auxiliary
Amount

Basic Chemical
Quantity
Amount

6,600.00

675,387.00

242,999.00

39,665,433.00

(25.00)

39,650.00

(2,950.00)

Dyes
Quantity
-

5,669,297.00
-

Amount

Quantity

Pigment
Amount

Quantity

Screen
Amount

PM
Quantity

25.00

4,625.00

2,410.00

1,144,780.00

340.00

607,918.00

11,315.00

2,031,236.00

184,552.00

48,052,357.00

9,535.00

17,313,931.00

###

(809.00)

(245,873.00)

625.00
###

249,574.00

40,337,870.00

39,650.00

5,669,297.00

11,340.00

2,035,861.00

186,153.00

48,951,264.00

9,875.00

17,921,849.00

625.00

223,988.00

39,152,219.00

39,285.00

6,191,941.00

11,340.00

2,364,096.00

175,496.00

52,395,042.00

8,920.00

16,638,260.00

385.00

(25.00)

(8,000.00)

(325.00)
67.00
223,730.00

(21,580.00)
39,130,639.00

25,844.00

25,844.00

###

39,260.00

6,183,941.00

390.00

3,761,980.00

390.00

###

11,340.00

2,364,096.00

37,350.00

(1,119.00)
###
174,377.00

(637,710.00)
51,757,332.00

11,776.00

11,776.00

###
8,920.00

955.00

92,735.00
92,735.00

59,775.00

Quantity

2,432,710.00

488,676.00

112,824,989.00

(834.00)

115,008,876.00

459,414.00

116,801,333.00

(1,469.00)

###

67.00

385.00

59,775.00

240.00

1,632,330.00

240.00

458,012.00

39,205.00

33,600.00

(248,823.00)

497,217.00

###

16,638,260.00

Amount

9,375.00

955.00

3,966,919.00

Total
Amount

39,205.00

(667,290.00)
116,134,043.00

9,432,179.00

OVERSEAS PVT. LTD.

F.Y.2012-13

WORKING FOR TAX AUDIT G.P. RATIO


2012-13
2011-12

2010-11

Sales
Increase in stock

116732617.00
0.00
116732617.00

75524841.00
0.00
75524841.00

727.95
0.00
727.95

Less :- Cost of Goods Traded


Less :- Decrease in Stock

105576697.00
0.00
105576697.00

68808810.00
0.00
68808810.00

668.79
0.00
668.79

11155920.00
9.56%

6716031.00
8.89%

59.16
8.13%

4925080.00
4.22%

2404053.00
3.18%

27.54
3.78%

9432179.00
9432179.00

2432710.00
2432710.00

7.63
7.63

Gross Profit
Gross Profit %
Net Profit before Tax
Net Profit before Tax %
Stock in

Trade

Stock in Trade/Turnover

0.08
Times

Average

0.03
Times

0.01
Times

Purchase
Trading(Kgs)

230.76

244.14

128.77

Sales
Trading(Kgs)
Profit/Loss
Profit %

253.60
22.83
9.00%

266.60
22.46
8.42%

135.89
7.12
5.24%

HINDPRAKASH OVERSEAS PVT.LTD.

Month

Qty
16,680.000
39,800.000
42,840.000
17,465.000
29,725.000
33,047.000
59,380.000
63,735.000
45,125.000
34,899.000
55,425.000
50,555.000

Purchase
Avg. rate
428
204
200
282
437
262
145
174
162
163
180
229

488,676.000
9,375.000
488,676.000
497,217.000
39,205.000

214
259
17
232
232

Opening Qty
9,375.000
4,256.000
23,041.000
17,971.000
6,411.000
13,956.000
21,361.000
30,501.000
44,786.000
44,951.000
28,792.000
32,562.000

Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13

Total Stock - A
Opening Stock - B
Direct Expense
Net Stock
Value of closing stock
As per their books of a/c

104,661,339
2,432,710
8,163,650
115,506,522
9,107,559
9,432,179
(324,620)

Product
Auxiliary
Chemical
Dyes
Pigments
PM
Screen

Opening
6,600.000
25.000
2,410.000
340.000

Purchase
242,999.000
39,650.000
11,315.000
184,552.000
625.000
9,535.000

Sales Return
325
25
1,119
-

Sale
223,988.000
39,285.000
11,340.000
175,496.000
385.000
8,920.000

Total

9,375.000

488,676.000
488,676.000

1,469
1,469

459,414.000

Total Stock - A

Purchase Return
Qty
Amount
200.000
92,800
50.000
7,750
180.000
78,270
150.000
25,500
74.000
12,015
90.000
16,244
90.000
16,244
-

Amount
7,143,378
8,115,072
8,565,554
4,931,648
13,002,048
8,652,169
8,626,551
11,089,962
7,306,208
5,674,534
9,970,490
11,583,726

Qty
16,480
39,800
42,840
17,415
29,725
32,867
59,230
63,661
45,125
34,809
55,335
50,555

Total
Avg
439
204
200
284
437
266
146
174
162
163
180
229

Amount
7,236,178
8,115,072
8,565,554
4,939,398
13,002,048
8,730,439
8,652,051
11,101,977
7,306,208
5,690,778
9,986,734
11,583,726

Qty
21,749.000
21,015.000
47,910.000
28,975.000
22,180.000
25,702.000
50,240.000
49,575.000
44,960.000
51,058.000
51,905.000
44,145.000

248,823

487,842

215

104,910,162

459,414.000

25
809
-

Consumption
67.000
-

Closing
25,844.000
390.000
11,776.000
240.000
955.000

834.000

67.000

39,205.000

834.000

Purchase Ret

Sale
Avg.
274.308
296.341
192.756
288.604
635.287
297.917
207.199
237.238
245.823
188.876
236.679
229.051

Amount
5,965,931
6,227,610
9,234,942
8,362,314
14,090,665
7,657,066
10,409,659
11,761,078
11,052,197
9,643,613
12,284,805
10,111,453

Consumption
Qty
67

Sale Return
Qty
Amount
150.000
16,350
240.000
280,920
150.000
16,830
199.000
67,990
90.000
18,850
340.000
125,350
300.000
141,000

116,801,333

67

1,469.000

Amount
39,152,219
6,161,435
2,364,096
52,395,042
59,775
16,638,260

Consumptio
n
Qty
67
-

116,770,827

67

667,290

Closing Qty
4,256.000
23,041.000
17,971.000
6,411.000
13,956.000
21,361.000
30,501.000
44,786.000
44,951.000
28,792.000
32,562.000
39,205.000

39,205.000

PRODUCTWISE VALUATION OF STOCK

Auxiliary Qut

value

Avg
102

675,387

Purchase
less return

242,974.000

144

35,045,449

Direct Exp

242,974.000

19

Net Stock
Value of
closing
stock

249,574.000

162

25,844.000

161.63

4,177,085

Chemical

Qut

Avg

1,144,780

Purchase less return

185,361.000

253

46,804,833

4,617,033

Direct Exp

185,361.000

1,001,651

40,337,869

Net Stock

187,771.000

261

48,951,264

11,776.0

260.70

3,069,963

Direct Exp

39,650.000

315,553

Net Stock
Value of
closing
stock

39,650.000

143

5,669,297

390.000

142.98

55,764

Qut

Avg

Purchase
less return

11,315.000

178

2,012,950

Direct Exp

11,315.000

18,286

Net Stock
Value of
closing
stock

11,340.000

180

2,035,861

179.53

TOTAL VAL

39,205.000

9,071,624

Stock as pe

39,205.000

9,432,179

Direct Exp

625.000

835

Net Stock

625.000

148

92,735

148.38

35,610

240.000
.
Avg

Qut

91,900

1,788

607,918

Purchase less return

9,535.000

1,554

14,822,040

Direct Exp

9,535.000

261

2,491,891

Net Stock

9,875.000

1,815

17,921,849

955.000

1,814.87

1,733,202

Value of closing stock

140

Value

340.000

op

147

1,709

(360,555)

Difference

Product

625.000

Screen

4,625

337

Value

Purchase less return

96 Value of closing stock

Value
185

Avg
-

op

5,353,744

25.000

Qut

PM

39,650.000

op

146 Value of closing stock

Purchase
less return

Dyes

Value
475

op

Value

135

Avg
2,410.000

op

Qut

Pigments

6,600.000

op

Opening Qty

Purchase

Value of Op.
Stock

Auxiliary
Chemical
Dyes
Pigments
PM
Screen

6,600
25
2,410
340

675,387
4,625
1,144,780
607,918

Qty
242,999
39,650
11,315
184,552
625
9,535

Total

9,375

2,432,710

488,676

Purchase Return

Avg. rate
144
135
178
255
147
1,554

Amount
35,048,399
5,353,744
2,012,950
47,050,706
91,900
14,822,040

214

104,379,739

Qty
25
809
834

Amount
2,950
###
###
245,873
###
###
248,823

Total
Qty
242,974
39,650
11,315
183,743
625
9,535
487,842

Sale

Avg
144
135
178
255
147
1,554

Amount
35,045,449
5,353,744
2,012,950
46,804,833
91,900
14,822,040

Qty
223,988
39,285
11,340
175,496
385
8,920

213

104,130,916

459,414

Avg.
175
157
208
299
155
1,865

Sale Return
Qty
325
25
###
1,119
###

1,469

Amount
21,580
8,000
637,710
-

667,290

Closing
Qty
25,844
390
11,776
240
955

39,205

Direct
Expense
4617033
315553
18286
1001651
835
2491891
8,445,249

Avg rate

161.63
142.98
179.53
262.96
148.38
1,814.87

Valuation of
stock
Amount
4,177,085
55,764
3,096,647
35,610
1,733,202
9,098,307
9,432,179
(333,872)

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