JAMUNA ENTERPRISES STATIONERY PRIVATE LIMITED : NEW DELHI

SCHEDULE - 7

Significant Accounting Policies and Notes to Accounts forming part of accounts for
the year ended 31st March, 2009

SIGNIFICANT ACCOUNTING POLICIES

A. Accounting Concepts

The company follows mercantile system of accounting and recognises Income and
Expenditure on accrual basis. The accounts are prepared on historical cost basis and
as a going concern. Accounting Policies not referred to otherwise are consistent
with generally accepted accounting principles.

B. Fixed Assets

Fixed Assets are stated at cost of acquisition which comprises of purchase price and
any directly attributable cost.

C. Depreciation on Assets

Depreciation is provided on “written down value” method at the rates provided by

Schedule XIV of the Companies Act, 1956.

D. Sales

i. Sales are accounted for on dispatch of goods to customers.

ii. Other income is recognised when amount and collectibility is certain.

E. Investments

Investments are valued at cost.

F. Taxes on Income

Provision for Tax for the year comprises estimated current income-tax determined
to be payable in respect of taxable income and deferred tax being the tax effect of
timing differences representing the difference between taxable income and
accounting income that originate in one period and are capable of reversal in one or
more subsequent periods.
G. Contingent Liabilities

All liabilities other than contingent liabilities are provided in the accounts. The
contingent liabilities, if any, are disclosed at their estimated value by way of note
in the accounts.

NOTES TO ACCOUNTS

1. Deferred Tax Asset has not been recognized due to uncertainty of absorption of carry
forward losses/ depreciation.

2. Quantitative information as required by paragraph 3 and 4 of Schedule VI of the

Companies Act, 1956 is not provided, in the absence of purchases, sales, opening and
closing stock.

3. Balances outstanding as on 31st March, 2009 are subject to confirmation.

4. The market value of investment in Haryana Coated Paper Ltd. has been stated on the
basis of last quoted price of the share on 2nd February 1996.

5. Previous year’s figures have been regrouped and recasted, wherever necessary, to
make them comparable with those of current year.

6. Previous year figures have been rounded off to the nearest rupee.

ATTACHED TO OUR REPORT OF DATE

FOR AIYAR & CO.
CHARTERED ACCOUNTANTS

Sd/- Sd/- Sd/-

(PREM PATNAIK) (CRISTINA PATNAIK) (A.K.BATRA)
DIRECTOR DIRECTOR PARTNER

PLACE: NEW DELHI

DATE : 31st August, 2009
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE:
(Information pursuant to part IV of Schedule VI to the Companies Act, 1956.)
I. Registration Details
Registration No. 5418
State Code 55
st
Balance Sheet Date 31 March 2009
II. Capital Raised during the year (Amount in Rs. / Thousand)
Public Issue NIL
Right Issue NIL
Bonus Issue NIL
Private Placement NIL
III. Position of Mobilisation and Deployment of Funds
(Amount in Rs. / Thousand)
Total Liabilities 127.87
Total Assets 127.87
Sources of Funds :
Shareholder’s Funds 114.20
Reserve & Surplus 13.67
Secured Loans -
Unsecured Loans -
Application of Funds :
Net Fixed Assets 0.02
Investments 113.00
Net Current Assets 14.85
IV. Performance of Company (Amount in Rs. / Thousand)
Turnover/Other Income -
Total Expenditure 9.03
Profit/(loss) Before Tax (9.03)
Profit/(loss) After Tax (9.03)
Earnings per Share (Rs.) (7.90)
Dividend Rate % -
V. Generic Names of Three Principles Products/Services of Company (as
per monetary terms)
Item Code No. (ITC Code) Not Available
Product Description Stationers, Printers & Other
Ancillary Objects
Item Code No. (ITC Code) N.A.
Product Description N.A.
Item Code No. (ITC Code) N.A.
Product Description N.A.

Sd/- Sd/-
PLACE: NEW DELHI (PREM PATNAIK) (CRISTINA PATNAIK)
DATE: 31st, August,2009 DIRECTOR DIRECTOR