SREE ANASUYA BENEFIT

FUND LIMITED

TWELFTH ANNUAL REPORT AND

STATEMENT OF ACCOUNTS
FOR THE YEAR
2003-2004

Registered Office:
‘SRI SAI SUBHODAYA’ FLAT NO: G, GROUND FLOOR,
66, (OLD NO: 57/2B) EAST COAST ROAD,
THIRUVANMIYUR,
CHENNAI – 600041.
PHONE: 24481551
SREE ANASUYA BENEFIT FUND LIMITED 1

BOARD OF DIRECTORS:
Director – President
Sri. A.ARULMOZHI SHIVAM, M.Com., P.G.D.M.,
Director – Vice-President
Sri. A.GOBALAKRISHNAN
Director – Treasurer
Sri. T.NATARAJAN
Director – Auditor
Sri. R.RAMMOHAN
Other Directors
Sri. P.A.NAMASIVAYAM, B.Sc.,
Sri. Dr. A.G.KARTHIKEYAN, M.B.B.S., M.D. (Paed).
Sri. Er. A.G.VIJAY ANAND, B.E.,

AUDITORS:
Messrs. RAGHU & MURALI
CHRTERED ACCOUNTANTS
Chennai - 600018.

LEGAL ADVISOR:
Sri. S.UMAPATHY, M.A., B.L.,
Chennai – 600018.

BANKERS:
BANK OF MAHARASHTRA
Valmiki Nagar Branch, Thiruvanmiyur, Chennai – 600041.

CHENNAI CENTRAL CO-OPERATIVE BANK LTD.,

Thiruvanmiyur, Chennai – 600041.

STATE BANK OF MYSORE

Thiruvanmiyur, Chenni - 600041.

WORKING HOURS:
Week Days : 9.00 A.M. to 1.00 P.M. and 2.30 P.M. to 5.30 P.M.
Sunday : 9.00 A.M. to 1.00 P.M
WEEKLY HOLIDAY: TUESDAY
2 SREE ANASUYA BENEFIT FUND LIMITED

NOTICE TO SHAREHOLDERS:
Notice is hereby given that the TWELFTH Annual General Meeting of the
Shareholders of the fund will be held on 30th September 2004 Thursday at
4.00p.m. At the Registered office of the Fund: ‘SRI SAI SUBHODAYA’ FLAT NO:
G, Ground Floor, 66, (Old No:57/2B) East Coast Road, Thiruvanmiyur, Chennai –
600041 to transact the following business:

AGENDA :

1. To receive, consider and adopt the Balance Sheet as on 31st March 2004
and the Profit and Loss Account for the period ended 31st March 2004 and
the report of the Board of Directors’ and Auditors’ Report, notes thereon.
2. To appoint a Director in the place of Sri. A.GOBALAKRISHNAN, who retires
by rotation and being eligible, offer himself for reappointment.
3. To appoint a Director in the place of Sri. A.G.KARTHIKEYAN, who retires by
rotation and being eligible, offer himself for reappointment.
4. To appoint an Auditors to hold office from the conclusion of this Annual
General Meeting till the conclusion of the next Annual General Meeting and
to fix their remuneration.

NOTES:
1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to
attend and vote instead of himself and a proxy need not be a member of the fund. If it is
desired to use a proxy, the instrument appointing the proxy should be completed in
accordance with Section 176 of the Companies Act, 1956 and delivered at the
registered office of the company at least 48 hours before the time fixed for the meeting.
2. Persons entitled to attend the meeting are requested to bring their respective share
certificates for easy identification.
3. Members are requested to intimate fund’s office any change in their door numbers and
addresses, with Pin code numbers.
4. Members are requested to bring their copy of their Annual Report along with them for
the meeting, since it is not possible to distribute additional copies at the meeting in view
of the heavy cost of printing.
5. Shareholders intending to ask for information at the Annual General meeting regarding
Balance Sheet or Profit and Loss Account or Directors’ Report are requested to give
notice of the particulars of information required, to the President or the Vice-President at
least seven days before the date of the Annual General Meeting.

By order of the Board

CHENNAI – 600041 Sd………….
21st August 2004 A.ARULMOZHI SHIVAM
 Director – President
SREE ANASUYA BENEFIT FUND LIMITED 3

DIRECTORS’ REPORT

To
The Members:
The Directors of your company are presenting the Twelfth Annual Report together
with Audited Accounts of the company for the period ended 31st March 2004.

DEPOSITS AND LOANS:

The total Fixed Deposits, Cumulative Deposits, Recurring Deposits and Savings
Deposits as at 31st March 2004 amounted to Rs.104.61 lakhs as against
Rs.98.81 lakhs in the previous year.

The total loans on Jewel loans, Mortgage loans on immovable properties, Fixed
Deposits loans and advances outstanding as at 31st March 2004 amounted to
Rs.44.94 lakhs as against Rs. 63.96 lakhs in the previous year.

RESULTS
The Directors are sorry to state that the business of the company during the year
under report is very bad. The working of the company for the year under report is
as under:

FINANCIAL RESULTS: 2003-2004(Rs.) 2002-2003(Rs.)

The result of the company’s working before
providing for depreciation shows a profit 18,986 (54,02,776)
Less: Depreciation 18,828 18,828
______________________________________________________________________

158 (53,83,948)
Add: Previous year loss (88,94,168) (35,57,799)
Add: Excess provision of Income Tax ------------ 47,579
_________________________________________

Net loss carried to Balance Sheet (88,94,010) (88,94,168)

_________________________________________

PERFORMANCE OF THE FUND

The performance of the company during the year under review was satisfactory by
not adding further loss instead made little profit due to the action and co-operation
of the Directors of the Company. Like in the last year the deployment of funds in
the core business – Loans on Jewels and House Mortgage were continued to be
sluggish in this year also.

INSPECTION AND REPORTS

The commissioners appointed for the scrutiny of jewels, documents and other
securities duly carried out their work and their reports express satisfaction.
4 SREE ANASUYA BENEFIT FUND LIMITED

DIRECTORS:
Sri. A.GOBALAKRISHNAN and Sri. A.G.KARTHIKEYAN Directors of your
company retire by rotation at the ensuing Annual General Meeting pursuant to the
provisions of Article 96 of the Articles of Association of the company and being
eligible, offer themselves for reappointment.

DIRECTORS’ RESPONSIBILITY STATEMENT

In accordance with Section 217(2AA) of the Companies Act, 1956 the Directors of
the company hereby state that:
(i) In the preparation of Annual Accounts, the applicable accounting
standards have been followed along with proper explanation
relating to material departures.
(ii) The Directors had selected such accounting policies and prudent so
as to give a true and fair view of the state of affairs of the company
at the end of the financial year and of the profit or loss of the
company for that period.
(iii) The Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding the assets of the
company and for preventing and detecting fraud and other
irregularities.
(iv) The Directors had prepared the annual accounts on a going
concern basis.

AUDITORS
The Statutory Auditors, M/s RAGHU & MURALI, Chartered Accountants retire at
the conclusion of the Twelfth Annual General Meeting are eligible for the current
financial year. Your Board recommends their reappointment.

SECRETARIAL COMPLIANCE REPORT

In accordance with provisions of Section 383 A (1) of the Companies
(Amendment) Act, 2000 Secretarial compliance report from Mr. B.Ravi a practicing
Company Secretary is set out in the Annexure forming part of the report.

EMPLOYEES
The information required under the provisions of Section 217(2) of the Companies
Act, 1956 read with the Companies (Particulars of employees) Rules, 1975 as
amended is not furnished since no employee employed throughout/part of the
year, was in receipt of remuneration of Rs.24,00,000/- or more per annum or
Rs.2,00,000/- or more per month, as the case may be.
SREE ANASUYA BENEFIT FUND LIMITED 5

CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The provisions of Section 217(1)(e) of the Companies Act, 1956 are not applicable
to your company. Foreign Exchange (Earnings & Outgo: Total Foreign Exchange
used and earned). There has been no earnings or outgo of foreign exchange
during the year.

ACKNOWLEDGEMENT
The Board of Directors express their sincere appreciation to all the Shareholders,
Banks, Customers, Employees and Well Wishers of the company for their
excellent co-operation and support extended to the company and look forward to
their continued patronage in the years to come.

For and on behalf of the Board

CHENNAI – 600041 Sd……
21st August, 2004 A.ARULMOZHI SHIVAM
Director – President
6 SREE ANASUYA BENEFIT FUND LIMITED

COMPLIANCE CERTIFICATE
TO
The Members of
SREE ANASUYA BENEFIT FUND LIMITED
Chennai – 600041

I have examined the registers, records, books and papers of SREE ANASUYA BENEFIT FUND
LIMITED (hereinafter referred to as ‘Company’) having its Registered office at ‘Sri Sai
Subhodaya’, Flat No.G, New No. 66(Old No.57/2B), East Coast Road, Thiruvanmiyur, Chennai
– 600041 as required to be maintained under the Companies Act, 1956, (hereinafter referred to
as ‘Act’) and the rules made thereunder and also the provisions contained in the Memorandum
and Articles of Association of the Company for the financial year ended on 31st March, 2004. In
my opinion and to the best of my information and according to the examinations carried out by
me and explanations furnished to me by the company, its officers, I certify that in respect of the
aforesaid financial year:

1. The company has kept and maintained all registers as stated in Annexure ‘A’ to this
certificate, as per the provisions and the rules made thereunder and all entries therein
have been duly recorded.
2. The company has duly filed the forms and returns as stated in Annexure ’B’ to this
certificate, with the Registrar of Companies within the time prescribed under the Act
and the rules made thereunder.
3. The company is public limited company and has the minimum prescribed paid up
capital. The provisions of special statute MUTUAL BENEFIT COMPANY are applicable
to this company.
4. The Board of Directors duly met SIX times on 29th June 2003, 23rd August 2003, 15th
th th th
September 2003, 15 November 2003, 24 January 2004 and 27 March 2004 in
respect of which meetings, proper notices were given and the proceedings were
properly recorded and signed in the Minutes Book maintained for the purpose.
5. The company has closed its Register of Members during the year under report.
6. The Annual general meeting for the financial year ended 31st March 2003 was held on
29th September 2003 after giving due notice to the members of the company and the
resolutions passed there at were duly recorded in Minutes Book maintained for the
purpose.
7. The company had no extra ordinary meetings during the financial year.
8. The company had no transactions attracting Section 295 of the Act, during the year
under report.
9. The company had no transactions attracting the provisions of Section 297 of the Act,
during the year under report.
10. The company had no transactions requiring entries in the register maintained under
Section 301 of the Act.
11. The company had no instances during the year under report necessitating approvals
under Section 314 of the Act.
12. The company has not issued any duplicate certificates during the year under report.
13. The company had not declared any dividend during the year ended 31.3.2003 and
therefore the question of unpaid or unclaimed dividends and the transferring to unpaid
dividend account does not arise.
14. The company has duly complied with the requirements of Section 217 of the Act.
SREE ANASUYA BENEFIT FUND LIMITED 7

15. There was no allotment, transfer or transmission of securities during the year under
report.
16. The Board of Directors of the company is duly constituted. During the year under report,
no further appointment of additional directors, filling up of casual vacancies took place.
17. The company has no Managing Director/ Whole time Director/ Manager. The company
has a President, Vice- President, Director-Treasurer and Director- Auditor, besides
other directors on the Board. The Office bearers are also directors of the Company and
None of them are in receipt of remuneration from the company.
18. The company has no sole-selling agents
19. The company made an application to the Reserve Bank of India to obtain the Certificate
of Registration under SECTION 45-IA if the Reserve Bank of India Act, 1934. But it was
rejected by RBI vide letter No.DNBS / (CH)/ 2607/ Nidhi Cell – S17/ 2002-2003 dated
24th November 2003 for want of net owned funds.
20. The Directors have disclosed their interest in other firms / companies to the Board of
Directors pursuant to the provisions of the Act and the rules made therunder.
21. The company has issued shares/ debentures/ other securities during the year under
report.
22. The company has not bought back any shares during the financial year ended 31st
March 2004 and hence the question of complying with the buy back provisions does not
arise.
23. The company has not issued any debentures during the year under report.
24. The company has accepted deposits from its shareholders and has complied with the
directives issued by the Department of Company Affairs and the Reserve Bank of India.
The provisions of Section 58A and 58AA of the Companies Act, 1956 and the rules
framed there under are applicable to this company.
25. The amount borrowed by the Company during the financial year ended 31st March,
2004 is within the borrowing limits of the company.
26. The Company has not made any loans and investments, or given guarantees or
provided securities to other bodies corporate.
27. The company has not shifted its registered office and hence there is no alteration in the
situation clause of the Memorandum of Association.
28. The company has not altered the provisions of the Memorandum with respect to the
objects of the company during the year under scrutiny.
29. The company has not altered the provisions of the Memorandum with respect to name
of the company during the year under scrutiny.
30. The company has not altered the provisions of the Memorandum with respect to share
capital of the company during the year under scrutiny.
31. The company has not altered any of its articles of Articles of Association.
32. No prosecution has been launched against or no show cause notices have been
received by the company for offences under the Act.
33. The company has not received any amount as security from its employees during the
year under certification.
34. The provisions of the Employees Provident fund (miscellaneous provisions) Act, 1952
are not applicable to the company.

Place : Chennai Signature : Sd………….

Date : 21.08.2004 Name of the Company Secretary : B.Ravi
C.P.NO : 3318
8 SREE ANASUYA BENEFIT FUND LIMITED

Annexure A

Register as maintained by the company

1. Register of Members u/s 150
2. Register of Directors u/s 303
3. Register of Directors’ shareholding u/s 307
4. Register of contracts in which directors are interested u/s 301
5. Register of Board Minutes u/s 193
6. Register of General Meeting Minutes u/s 193
7. Register of Share Transfers
8. Attendance Register for Board / General Meetings.

Annexure B

Forms and Returns as filed by the Company with the Registrar of Companies, Regional
Director, Central Government or other authorities during the financial year ended 31.03.2004.
1. Compliance Certificate filed u/s 383A(1) for the financial year ended on 31.03.2003, on
17.12.2003.
2. Schedule VI – Balance Sheet for the Year ended 31.03.2003 together with annexure and
attachments duly adopted by the members at the Annual General Meeting held on 29th
September 2003, filed on 17.12.2003.
3. Schedule V – Annual Return made up to 29th September 2003, filed on 26.12.2003.
SREE ANASUYA BENEFIT FUND LIMITED 9

AUDITORS’ REPORT

TO
THE MEMBERS
M/s. SREE ANASUYA BENEFIT FUND LIMITED

We have audited the attached Balance Sheet of M/s SREE ANASUYA BENEFIT FUND
LIMITED, Chennai – 600041 as at 31st March 2004 and also the Profit and Loss account for the
year ended on that date annexed thereto. These financial statements are the responsibility of
the Company’s management. Our responsibility is to express an opinion on these financial
statements based in our audit.

We conducted our audit in accordance with auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statement and free of material misstatements. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statements
presentation. We believe that our audit provides a reasonable basis for our opinion.

1. As required by the Companies (Auditor’s Report) order, 2003 issued by the Central
Government of India in terms of Sub- section (4A) of Section 227 of the Companies Act,
1956. We enclose in the Annexure a statement on the matters specified in paragraphs 4
and 5 of the said order.
2. Further to our comments in the Annexure referred to in paragraph (1) above, We report
that:
(i) We have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purpose of Audit.
(ii) In our opinion proper books of accounts as required by Law so far as it appears from
our examination of those books.
(iii) The Balance Sheet and Profit and Loss Account dealt with by this report are in
agreement with the books of account.
(iv) In our opinion, the Balance Sheet and Profit and Loss Account dealt with by this
report comply with Accounting standards referred to in Sub-Section (3c) of Section
211 of the Companies Act, 1956.
(v) On the basis of written representations received from the Directors, as on 31st March
2004 and, taken on record by the Board of Directors, We report that, none of the
directors are disqualified as on 31st March, 2004 FROM BEING APPOINTED AS
DIRECTOR IN TERMS OF CLAUSE (g) of Sub-section (1) of Section 274 of the
Companies Act, 1956.
(vi) In our opinion and to the best of our information and according to the explanations
given to us, that said accounts give the information required by Companies Act, 1956,
in the manner so required to and give a true and fair view in conformity with the
accounting principles generally accepted in India:
a. In the case of Balance Sheet, of the state of affairs of the company as at 31st
March 2004; and
b. In the case of the Profit and Loss Account, of the Profit of the year ended on that
date
10 SREE ANASUYA BENEFIT FUND LIMITED

ANNEXURE TO THE AUDITOR’S REPORT

(Referred to in paragraph (1) of our report of even date)

(i) The Company has maintained proper records showing full particulars including
quantitative details and situation of fixed assets. The Management at reasonable
intervals has physically verified the fixed assets, no discrepancies were noticed and
the Company had not disposed off a substantial part of fixed assets during the Year.
(ii) There is no inventory in the Company.
(iii) The company has not taken any loans from companies or other parties listed in the
Register, maintained under Section 301 of the Companies Act, 1956. However, in
respect of Fixed Deposits, Cumulative Deposits, Recurring Deposits and Savings
Deposits taken from the parties mentioned under section 301 of the Companies Act,
1956 the rate of interest and other terms and conditions are not, prima facie,
prejudicial to the interest of the Company. The Company has not given any loans to
companies or other parties listed in the Register maintained under Section 301 of the
Companies Act, 1956.
(iv) In our opinion and according to the information and explanations given to us, the
Company has adequate internal control procedures, commensurate with the size of
the company and nature of its business.
(v) There is no transaction exceeding Rs. 5 lakhs that need to be entered into a register
in Pursuance of Section 301 of the Companies Act, 1956.
(vi) The provisions of Section 58-A and 58-AA of the Companies Act, 1956 and the rules
framed there under are not applicable to this company. The Company has accepted
deposits from its shareholders and has complied with the directives issued by the
Department of Company Affairs and Reserve Bank of India.
(vii) The requirement of internal audit system is not applicable to this company.
(viii) The requirement of maintenance of cost record is not applicable to this Company.
(ix) The provisions of Provident Fund, ESI Act do not apply to this Company. According to
the information and explanations given to us, there were no undisputed taxes payable
as at 31st March 2004.
(x) The Company has accumulated losses as at 31st March 2004. However, it has not
incurred any cash losses in the financial year ended on 31st March 2004.
(xi) The Company has not availed, any loan from Financial Institutions or Bank and as
such this clause does not apply.
(xii) The company has not granted any loans and advances on the basis of security by
way of pledge of shares, debentures and other similar securities.
(xiii) The provisions of special statute MUTUAL BENEFIT COMPANY is applicable to this
Company. The Net-Owned fund to Deposit liability ratio is more than 1:20 as on date
of balance sheet. The prudential norms on Income recognition and provisioning
against sub-standard/default/loss assets are applicable from 2004-2005. The
Company has adequate procedures for appraisal of credit proposals/requests,
assessment of credit needs and repayment capacity of borrowers, and the repayment
capacity of the borrower and would be conducive to recovery of the loan amount.
(xiv) The company is not dealing or trading in shares, securities, etc.
(xv) The Company has not given any guarantee for loans taken by others from bank or
Financial Institutions
(xvi) The Company has not raised any term loans during the year.
 (xvii) No funds raised on a short-term basis that have been used for long term investment
and vice versa.
SREE ANASUYA BENEFIT FUND LIMITED 11

(xviii) The Company has not made any preferential allotment of shares to parties and
companies covered in the register maintained under Section 301 of the Companies
Act, 1956.
(xix) The Company has not issued any debentures.
(xx) The Company has not raised any money way of public issue during the year.
(xxi) In our opinion and according to the information and explanations given to us, no fraud
on or by the company has been noticed or reported during the year.

for RAGHU & MURALI

CHARTERED ACCOUNTANTS

Sd………
Place : Chennai
Date ; 21st August, 2004 (D.V.MURALIDHARAN)
Partner
12 SREE ANASUYA BENEFIT FUND LIMITED

BALANCE SHEET AS ON 31.03.2004 AS ON AS ON

SOURCES OF FUNDS SCHD 31.03.2004 31.03.2003
1) Shareholder’s Funds:
(a) Capital A 24,03,671 47,03,651
(b) Reserves & Surplus B 9,21,889 9,21,889

2) Loan Funds:
(a) Secured 0 2,21,326
(b) Unsecured C 104,61,175 98,81,567
----------------- -----------------
TOTAL 1,37,86,735 1,57,28,433
------------------ -----------------
APPLICATION OF FUNDS
1) Fixed Assets:
(a) Gross Block D 1,94,788 1,94,788
(b) Less:Depreciation to date 1,08,182 89.354
-------------- ---------------
(c) Net Block 86,606 1,05,434
2) Current Assets, Loans & Advances:
(a) Current Assets E 24,51,273 23,22,849
(b) Loans & Advances F 44,94,033 63,95,940
------------------ -----------------
69,45,306 87,18,789

3) Less Current Liabilities & Provisions:

(a) Current Liabilities G 21,39,187 19,89,968
(b) Provisions 0 0
----------------- ----------------
21,39,187 19,89,958
4) Net Current Assets 48,06,119 67,28,831

5) Miscellaneous Expenditure:
(to the extent not written off
Preliminary expenses)
6) Profit and Loss account
A. Arulmozhi Shivam
Director – President
--------- --------
88,94,010 88,94,168
----------------- ------------------
TOTAL 1,37,86,735 1,57,28,433
------------------ -------------------
A. Gobalakrishnan As per our report of even date annexed
Director – Vice President for RAGHU & MURALI
Chartered Accountants

R. Ram Mohan T.Natarajan D.V. Muralidharan

Director – Auditor Director – Treasurer Partner

Place : Chennai
Date : 21st August 2004
SREE ANASUYA BENEFIT FUND LIMITED 13

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2004
SCHD 2003 – 2004 2002 – 2003

INCOME
Interest on Loan H 15,89,656 21,84,791
Other income J 35,977 93,556
Profit on Sale of Building ------ 88,092
---------------- ---------------
TOTAL 16,25,633 23,66,439
------------------ ----------------

EXPENDITURE
Salary 71,485 76,221
Administration Expenses 96,000 1,23,000
Printing and Stationery 1,981 2,330
Postage and Telephones 4,788 4,637
Repairs and Maintenance 4,848 5,002
Staff Welfare 17,503 17,906
Bank Charges 620 868
Electricity charges 3,557 3,115
Traveling & Conveyance 37 16,031
Auction Charges 4,762 1,281
Meeting Expenses 147 8,101
Sitting fees 10,500 1,20,750
Audit fees 5,250 5,250
Miscellaneous Expenses 7,861 10,119
Rates and Taxes 5,586 2,793
Legal fees 3,600 3,000
Interest on Bank Loans 11,074 12,762
Interest on Deposits I 13,50,028 33,19,600
Depreciation D 18,828 18,828
Loss on Investment in Mutual Fund -------- 39,93,543
Compliance Certificate Fees 5,250 7,020
NET PROFIT 158 -------
--------------- ---------------
TOTAL 16,25,633 77,50,387
---------------- ---------------

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

Director – President Director – Vice President for RAGHU & MURALI
Chartered Accountants

R. Ram Mohan T.Natarajan D.V. Muralidharan

Director – Auditor Director – Treasurer Partner

Place : Chennai
Date : 21st August 2004
14 SREE ANASUYA BENEFIT FUND LIMITED
PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH 2004

APPROPRIATIONS 2003 – 2004 2002 – 20003

Net Profit for the year 158 (53,83,948)

Balance brought from Balance sheet (88,94,168) (35,57,799)
------------------ -----------------
(88,94,010) (89,41,747)
----------------- ------------------

Excess provision for Income Tax ------- 47,579

Balance carried to Balance Sheet (88,94,010) (88,94,168)
----------------- -----------------
(88,94,010) (89,41,747)
----------------- ------------------

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

Director – President Director – Vice President for RAGHU & MURALI
Chartered Accountants

R. Ram Mohan T.Natarajan D.V. Muralidharan

Director – Auditor Director – Treasurer Partner

Place : Chennai
Date : 21st August 2004

SCHEDULES to Balance sheet

As at As at
31.03.2004 31.03.2003
SCHEDULE A Amount Rs. Amount Rs.
SHARE CAPITAL
Authorised:
49,75,000 Equity Shares of Re.1/- each 49,75,000 49,75,000
25,000 – 5% Non cumulative Redeemable
Preference Shares of Re.1/- each 25,000 25,000
______________ ______________
50,00,000 50,00,000
Issued and Paid up:
24,01,500 Equity Shares of Re.1/- each 24,01,500 24,01,500
2151 – 5% Non cumulative Redeemable
Application Money for Equity Share Capital 20 23,00,000
Preference Shares of Re.1/- each 2,151 2,151
_____________ _____________
24,03,671 47,03,651
SREE ANASUYA BENEFIT FUND LIMITED 15

As at As at
31.03.2004 31.03.2003
SCHEDULE B Amount(Rs.) Amount(Rs.)
RESERVES AND SURPLUS
Reserve Fund 5,67,390 5,67,390
Reserve to Bad Debts 2,83,607 2,83,607
Charity Reserve 70,892 70,892
____________ ____________
9,21,889 9,21,889
SCHEDULE C
LOAN FUNDS (UNSECURED)
Fixed Deposit 52,44,000 52,63,800
Cumulative Deposit 41,34,001 32,47,001
Recurring Deposit 9,61,005 12,51,276
Savings Deposit 1,22,169 1,19,490
__________________ ______________
1,04,61,175 98,81,567
Contribution from Directors and their Relatives
Fixed Deposit 8,24,000 8,48,000
Cumulative Deposit 6,00,500 6,23,500
Recurring Deposit 10,600 14,900
Savings Deposit 27,100 71,200
_____________ ____________
14,62,200 15,57,600

SCHEDULE D
Fixed Asset – Depreciation
Gross Block Depreciation Net Block
Particulars As on As on Up to For the Up to As on As on
31.3.2003 31.3.2004 31.3.03 Year 03/04 31.3.04 31.3.2003 31.3.2004

Furniture&fit. 1,01,147 1,01,147 27,793 6,408 34,201 73,354 66,946

Computers 67,000 67,000 54,795 10,860 65,655 12,205 1,345
Office Equip. 14,007 14,007 2,698 660 3,358 11,309 10,649
Electrical Fitti. 12,634 12,634 4,068 900 4,968 8,566 7,666

Total 1,94,788 1,94,788 89,354 18,828 1, 08,182 1,05,434 86,606

SCHEDULE E
CURRENT ASSETS
Interest Accrued and Due on Loans
Jewel Loan 4,842 6,879
Mortgage Loan 12,55,226 15,38,187
Fixed Deposit Loan 4,984 3,617
Recurring Deposit Loan 32,305 23,705
Default Interest 4,56,204 4,09,604
______________ _____________
17,53,561 19,81,992
16 SREE ANASUYA BENEFIT FUND LIMITED

As at As at
31.03.2004 31.03.2003
Amount Rs. Amount Rs.
Cash and Bank Balances
1. Balances With Scheduled Bank
a) In Current Account 3,68,254 14,015
b) Fixed Deposit 3,00,000 3,00,000
c) Interest accrued but not due 14,404 5,642
_____________________ _____________________

6,82,658 3,19,657
2. Cash on Hand 15,054 21,200
_____________________ __________________________

24,51,273 23,22,849
_______________________ _________________________

SCHEDULE F
LOANS AND ADVANCES
Loans: Secured considered good
Outstanding for the period exceeding six months
Jewel Loans 25,249 92,522
Mortgage Loans 39,66,384 57,64,800
Fixed Deposit Loans 28,500 1,42,400
Recurring Deposit Loan 90,000 91,100
Employees Loan ------- -------
________________________ _______________________

41,10,133 60,90,822
OTHERS
Jewel Loans 1,20,000 35,500
Mortgage Loans ------- -------
Fixed Deposit Loans 2,52,400 2,56,000
Recurring Deposit Loan 2,000 1,000
Employees Loan 1,500 750
________________________ _______________________

44,86,033 63,84,072
Advance Income Tax Paid -------
Bank Locker Key Advance 5,000 5,000
Telephone Advance 3,000 3,000
Tax deducted at source ----- 3,868
_______ ___________________ _________________________

44,94,033 63,95,940
___________________________ _________________________

SCHEDULE G
CURRENT LIABILITIES
Interest Accrued but not due
1. Fixed Deposits 10,478 16705
2. Cumulative Deposits 15,19,461 13,29,849
3. Recurring Deposits 5,98,748 6,32,904
Audit Fees Payable 5,250 5,250
Company Secretary Fees Payable 5,250 5,250
_______________ _______________
21,39,187 19,89,958
________________ _______________
SREE ANASUYA BENEFIT FUND LIMITED 17

As at As at
31.03.2004 31.03.2003
SCHEDULE H Amount Rs. Amount Rs.
INTEREST ON DEPOSITS
Interest on Fixed Deposits 4,14,245 22,32,778
Interest on Cumulative Deposits 6,20,154 7,97,817
Interest on Recurring Deposits 3,10,142 2,77,528
Interest on Savings deposits 5,487 11,477
______________ _____________
13,50,028 33,19,600

SCHEDULE I
INTEREST ON LOANS
Jewel Loan 28,501 43,150
Mortgage Loan 11,08,653 15,74,628
Fixed Deposit Loan 54,458 1,58,165
Recurring Deposit Loan 22,373 30,222
Default Interest 3,75,671 3,78,626
______________ _____________
15,89,656 21,84,791

SCHEDULE J
OTHER INCOME
Documentation Charges 11,836 13,280
Interest on Bank Deposits 23,851 26,389
Interest on Advance Income Tax Paid 290 53,887
__________ ________
35,977 93,556

Notes Forming Part of Accounts

1. Number of employees in receipt of remuneration of not less than Rs.2,00,000/- or more
per mensum: - NIL
2. Figures have been rounded off to the nearest rupee.
3. Previous year’s figures have been re-grouped wherever necessary.
4. Number of Non-Resident share holder : - NIL
5. Loans made during the year are fully secured by pledge of Gold jewels and Mortgage of
Land and Buildings.
6. ACCOUNTING POLICIES :
I. Accounts are based on accrual basis.
II. Fixed Assets are valued at cost and depreciation has been provided under
Schedule XIV of the Companies Act, 1956, under Straight Line Method.
7. The 5% Non – Cumulative Redeemable Preference shares shall be redeemed at the end
of 7th year from the date of allotment.
18 SREE ANASUYA BENEFIT FUND LIMITED

SCHEDULE K
Balance Sheet Abstract and Company’s General Business Profile
I REGISTRATIONS DETAILS:
Registration Number: 21840 of 1991
Balance Sheet Date : 31.03.2004 State Code : 18

II CAPITAL RAISED DURING THE YEAR : (Amount in Rs. Thousands)

Public Issue Rights Issue
Nil Nil
Bonus Issue Private Placement
Nil Nil

III POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS:

(Amount in Rs. Thousands)
Total Liabilities Total Assets
13787 13787
Sources of Funds Paid up Capital Reserves & Surplus
2404 922
Secured Loans Unsecured Loans
Nil 10461
Application of Funds Net Fixed Assets Investments
87 Nil
Net Current Assets Misc. Expenditure
4806 Nil
Accumulated Losses
8894

IV PERFORMANCE OF THE COMPANY: (Amount in Rs. Thousands)

Turnover Total Expenditure
1626 1626
Loss before Tax Loss After Tax
Nil Nil
Earning per Dividend Rate
Equity Share
NA Nil

V GENERIC NAMES OF THREE PRINCIPAL SERVICES OF COMPANY

Service Description Item Code No:
Lending NA

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

Director – President Director – Vice President for RAGHU & MURALI
Chartered Accountants

R. Ram Mohan T.Natarajan D.V. Muralidharan

Director – Auditor Director – Treasurer Partner

Place : Chennai
Date : 21st August 2004
 Sree Anasuya Benefit Fund Limited
66,(Old No.57/2B) East Coast Road, Thiruvanmiyur, Chennai 600041.

PROXY FORM

I/We…………………………………………………………
of……………………………………………………………………………………………………………
……………………………………………… in the district of……………………being a
Member/Members of SREE ANASUYA BENEFIT FUND LIMITED hereby appoint
Sri……………………………………………..of …………………..
…………………………………………………………………………….in the district of……………..
……………………………………………...failing him/her/Sri …...………………………………..of
………………………………………………..in the district of…………………………………………
as my/our proxy vote for me/us on my/our behalf at the 12th Annual General Meeting of the
Company to be held on Thursday, the 30th September 2004 at 4.00 p.m. and any adjournment
thereof.
Signed this………………………………day of……………………………2004.

Name……………………………. Affix a
Re. 1/-
Address…………………………………. Signature Revenue
Stamp

Folio No:…………………..
NOTES:
1. A Member entitled to attend and vote is entitled to appoint a proxy to attend and vote on
poll instead of himself/herself.
2. The proxy form duly signed across Revenue stamp of Re.1/- should reach the company’s
Registered Office at least 48 hours before the time of Meeting.
………………………………………………………………………………………………………………..
Sree Anasuya benefit Fund Limited
66,(Old No.57/2B) East Coast Road, Thiruvanmiyur, Chennai 600041.

ATTENDANCE SLIP

I hereby record my presence at the 12th Annual General Meeting of the above named company
being held at Registered Office of the company situated at 66,(Old No.57/2B) East Coast Road,
Thiruvanmiyur, Chennai 600041 at 4.00 p.m. on Thursday, the 30th September 2004.

…………………………………….. ………………………………
Full Name of the Member (In Block Letters) Signature

Folio No:…………………….. No. of Shares Held……………………….

…………………………………….. ………………………………
Full Name of Proxy (In Block Letters) Signature

Note: Members attending the meeting in person or by proxy are requested to complete the
Attendance slip and hand it over at the entrance of the meeting hall.
 BOOK – POST
PRINTED MATTER

TO

Smt./Sri………………………………………………….
………………………………………………………………

……………………………………………………………….

If undelivered kindly return to :

SREE ANASUYA BENEFIT FUND LIMITED

‘SRI SAI SUBHODAYA’, FLAT NO: G, GROUND FLOOR,
66 (OLD NO:57/2B) EAST COAST ROAD, THIRUVANMIYUR,
CHENNAI 600 041.