IMAGE MAKERS CHANDIGARH

PROVISIONAL BALANCE SHEET AS ON 31.12.2016

Liabilities Amount (Rs.) Total (Rs.)

Capital Account 5,236,684.61 5,236,684.61

(Annexure-I)

Current Liabilities & Provision

Sundry Creditors
(Annexure-II) 3,104,648.20
Expenses Payable
(Annexure-III) 4,054,635.87 7,159,284.07

Total (Rs.) 12,395,968.68

DATE: 03.02.2017
PLACE: CHANDIGARH
IMAGE MAKERS CHANDIGARH
PROVISIONAL STATEMENT OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 31.12.2016

Particulars Amount (In. Rs.) Total (In Rs.)

To Purchase 17,907,199.74
To Direct Expenses
- Wages A/c 1,600,739.00
- Consumable Store Exp. 166,761.00
- Freight & Cartage Exp. 260,559.00
- Labour Charges 4,867.00 2,032,926.00

Gross Profit c/o 6,955,309.26

26,895,435.00
Indirect Expenses
Salary A/c 2,754,532.00
Advertisement Expenses 23,090.00
Audit Fee 17,250.00
Bank Charges 10,272.75
Car Running Exp. 66,538.00
Computer Repair & Maint 13,892.00
Electricity Expenses 122,116.00
Insurance Expenses 13,438.00
Office Exp. 106,895.00
Misc. Expenses 51,087.00
Postage & Telegrame Exp 3,185.00
Printing & Stationery Exp. 26,464.00
Rent Exp. 983,000.00
Repair & Maintinanace Ex 171,263.00
Staff Welfare Exp. 55,854.00
Festival Expenses 51,855.00
Telephone Exp. 74,732.00
Tour & Traveling Exp. 511,980.00
Transportation Exp. 828,404.00
Water Exp. 22,619.00
Interest on Unsecured Lo 13,900.00 5,922,366.75

Depreciation 526,184.90 526,184.90

Net Profit 508,353.61

6,956,905.26
 Salaries to Partners
- Mrs.Smita Roy 75000.00
- Mr. Atul Roy 225,000.00
Net Profit Transfer To Capital A/C 208,353.61

Total(Rs.) 508,353.61

DATE: 03.02.2017
PLACE: CHANDIGARH

Partner's Capital A/c

AS ON 31.12.2016

PARTICULARS BALANCE AS ON
PROFIT/LOSS SHARE 01.04.2016

Mr. Atul Basand Roy 50% 425,725.00

Mrs. Smita Roy 50% -

TOTAL(RS) 425,725.00
SUNDRY CREDITORS
AS ON 31.12.2016 (Annexure-II)
PARTICLULARS AMOUNT (Rs.)

Avens Timber 8,446.00

Bansal Ply Palace 198,661.00
Chandna Metal And Alloys 3,465.00
Classic Advertisers 389,051.00
Cont. Moazzam Ansari 3,300.00
Cont. Pardeep Kumar 73,925.00
Cont. Sunil Kumar 106,355.00
D.K. Glass Works 12,269.00
D P Jagan & Sons 45,361.00
Gaurav Agencies 2,325.00
HG Total Solutions 68,181.00
Indian Hobbies House 51,603.00
Jagdamba Electrical Co. 1,962.00
Jai Durga Electric Co. 2,452.00
Jindal Sanitary Sales 74,746.00
J V Mill & Hardware Store 14,033.00
Krishna Creations 70,682.00
Krishna Shot Blasting 36,335.00
Matta Hardware Store 1,367.00
Mittal Hardware And Oil Corp. 1,815.00
Nav Jyoti Electricals Pvt. Ltd. 224,400.00
Om Package Industry 18,258.00
P. K. Transport Co. 2,400.00
Ply Mart 5,640.00
Pt. Khushi Ram & Sons 17,486.00
Rainbow Advertising Co. 28,775.00
Raj Steel Welding Works 152,447.00
Ravi Goyal 27,100.00
Real Stainless Inc. 8,744.00
R. K. Plastic Co. 407,917.00
Sandeep International 135,315.00
Sandhu Crane Services 6,500.00
Satyam Enterprises 5,419.20
S.G.L. Marketing Co. 112,273.00
S.G. Trading Co. 16,785.00
Shirdi Sales Pvt. Ltd. 332,259.00
S.R. Industries 138,997.00
Studio 16R 58,876.00
Techaids 7,588.00
T.L. Verma & Company 1,772.00
United Colors 116,406.00
Vishvas Enterprises 21,077.00
Vishwakarma Fabricator 78,753.00
V.K.Stationers 4,136.00
Karur Vsya Bank Ltd. 5,191.00
Oberoi Motors 3,800.00

TOTAL(RS) 3,104,648.20

EXPENSES PAYABLE
AS ON 31.12.2016 (Annexure-III)
PARTICLULARS AMOUNT (Rs.)

Audit Fee Payable 32,250.00

Sale Tax Payable 3,254,630.29
Salary Payable 607,555.58
Rent Payable 61,900.00
Tds Payable 98,300.00

TOTAL(RS) 4,054,635.87

FIXED ASSETS
AS ON 31.12.2016
PARTICULARS RATIO OPENING
BALANCE
01.04.2016

BLOCK A ( 15%)
Air Conditioner 15% 41,625.00
Banding Machine 15% 138,119.15
Chair 15% 4,683.28
Crystal Lamp 15% 3,676.88
Despenser 15% 8,325.00
Dust Collector 15% 23,738.28
Mobile 15% 29,415.00
Fan 15% -
Fire Equipment 15% -
Camera 15% 15,374.43
Lamination Machine 15%
Paint Spray Machine 15% -
Printer 15% 10,005.73
Scoring Cutter 15% 224,444.78
Ups 15% 2,844.38
shoot blasting Machine 15%
CNC Router Machine 15% -
Vehicle 15%
BLOCK B (60%)
Computer 60% 76,257.30

TOTAL(RS) 578,509.18

SUNDRY DEBTORS
AS ON 31.12.2016 (Annexure-V)
PARTICLULARS AMOUNT (Rs.)

Design India 65,380.00

Hotel Snow View 18,990.00
I Print Media 4,629.00
Syntech Technology P Ltd 6,544,010.00

TOTAL(RS) 6,633,009.00

ADVANCES TO SUPPLIERS
AS ON 31.12.2016 (Annexure-VI)
PARTICLULARS AMOUNT (Rs.)

Amar Khan 7,500.00

Anand Sales India 11,760.00
Cont Mohammad Ashan 9,500.00
Cont. Vinod Kumar 128.75
Good Luck Real Estates 27,900.00
ITMS India Pvt. Ltd. 43,911.00
Jai Durga Electricals 2,452.00
Master Plasts India 92,700.00
Rajwinder Singh 1,800.00
R.Music Five 3,300.00
Shree Hans Road Lines 19,800.00
Sohi Glass House 484.00
Tele Deals 2,300.00
Today Sign Media 18,214.00
UDAI Keshob 6,500.00
Vijay Bahadur 10,000.00
Vijay Steel Fabrication 6,300.00

TOTAL(RS) 264,549.75

LOAN AND ADVANCES

AS ON 31.12.2016 (Annexure-VII)
PARTICLULARS AMOUNT (Rs.)

Rent Security 246,000.00

TDS 76,918.00

TOTAL(RS) 322,918.00
 Assets Amount (Rs.) Total (Rs.)

Fixed Assets 3,423,126.28 3,423,126.28

(Annexure-IV)

Current Assets & Loan & Advances

Cash in Hand 537,616.00
Karur Vsya Bank A/c No.3055 514,903.65
Sundry Debtors
(Annexure-V) 6,633,009.00
Stock In Hand 699,846.00
Advance to Suppliers
(Annexure-VI) 264,549.75

Loans & Advances

(Annexure-VII) 322,918.00 8,972,842.40

Total (Rs.) 12,395,968.68

COMPILE FROM THE BOOKS OF ACCOUNTS &

RELEVANT RECORDS SHOWN TO US
FOR MALHOTRA RAJIV & CO.
CHARTERED ACCOUNTANTS

JAGDISH CHAND SHARMA

PARTNER/ACA
M.NO. 522818
FIRM NO. 024854N
THE YEAR ENDING 31.12.2016

Amount (In. Rs.) Total (In Rs.)

By Sales 26,159,819.00
By Scrape Sales 35,770.00 26,195,589.00
By Closing Stock 699,846.00 699,846.00

26,895,435.00
Gross Profit b/f 6,955,309.26
By Short and excess 457.00
By Discount Received 1,139.00

6,956,905.26
 Net Profit Brought Forward 508,353.61

Total(Rs.) 508,353.61

COMPILE FROM THE BOOKS OF ACCOUNTS &

RELEVANT RECORDS SHOWN TO US
FOR MALHOTRA RAJIV & CO.
CHARTERED ACCOUNTANTS

JAGDISH CHAND SHARMA

PARTNER/ACA
M.NO. 522818
FIRM NO. 024854N

ADDITION DURING THE YEAR INTEREST ON CAPITAL

SALARY FOR THE YEAR FOR THE YEAR

4,302,606.00 225,000.00
- 75,000.00

4,302,606.00 300,000.00 -
ADDITION ADDITION SALE
UP TO AFTER AS ON
30.09.2016 30.09.2016 31.12.2016

168,600.00

70,168.00

8,500.00

3,100.00
 21,354.00
12,374.00
15,000.00
63,000.00
288,884.00
1,447,590.00
-
96,900.00
74,460.00
600,000.00
334,500.00

166,372.00

3,370,802.00 -
 (Annexure-I)
INCOME TAX PAID

DRAWING DURING BALANCE AS AT

SHARE OF PROFIT THE YEAR 31.12.2016

104,176.81 5,057,507.81
104,176.81 179,176.81

- 208,353.61 - 5,236,684.61
 ANNEXURE IV
AMOUNT (Rs.)
CLOSING DEPRECIATION W.D.V.
BALANCE AS ON AS ON
31.12.2016 31.12.2016

210,225.00 23,650.31 186,574.69

138,119.15 15,538.40 122,580.75
74,851.28 8,420.77 66,430.51
3,676.88 413.65 3,263.23
16,825.00 1,892.81 14,932.19
23,738.28 2,670.56 21,067.72
32,515.00 3,657.94 28,857.06
 21,354.00 2,402.33 18,951.68
12,374.00 1,392.08 10,981.93
30,374.43 3,417.12 26,957.30
63,000.00 7,087.50 55,912.50
288,884.00 32,499.45 256,384.55
1,457,595.73 163,979.52 1,293,616.21
224,444.78 25,250.04 199,194.74
99,744.38 11,221.24 88,523.13
74,460.00 8,376.75 66,083.25
600,000.00 67,500.00 532,500.00
334,500.00 37,631.25 296,868.75

242,629.30 109,183.19 133,446.12

3,949,311.18 526,184.90 3,423,126.28

IMAGE MAKERS CHANDIGARH
COMPARATIVE STATEMENT OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2016
AUDITED
PARTICULARS AMOUNT (Rs) RATIO
AS ON %
31.03.2016

BY SALES 10,309,851.00
BY CLOSING STOCK -

TOTAL 10,309,851.00

TO OPENING STOCK -
TO PURCHASES 5,303,935.00
TO Wages A/c 386,513.00
TO Consumable Store Exp. 563,877.00
TO Freight & Cartage Exp. 108,573.00
TO Labour Charges 500.00 61.72

TO GROSS PROFIT 3,946,453.00 38.28

TOTAL 10,309,851.00

BY GROSS PROFIT 3,946,453.00 38.28

By Scaffolding A/c
BY Discount Received - -
By Short & Excess 156.00 0.00

TOTAL 3,946,609.00

Salary A/c 802,585.58 7.78

Advertisement Expenses 5,000.00 0.05
Audit Fee 15,000.00 0.15
Bank Charges 833.60 0.01
Business Promotions Exp. 5,181.00 0.05
Vehicle Running & Maintance exp 16,250.00 0.16
Commission Paid 83,500.00 0.81
Computer Repair & Maintinanace Exp. - -
Misc Exp. 14,550.00 0.14
Office Exp. 201,308.00 1.95
Electricity Exp. - -
Postage & Telegrame Exp. 300.00 0.00
 Printing & Stationery Exp. 87,957.00 0.85
Professional Charges 26,000.00 0.25
Rent Exp. 252,000.00 2.44
Repair & Maintinanace Exp. 78,398.00 0.76
Seminar and Events Exp. 91,700.00 0.89
Staff Welfare Exp. 24,243.00 0.24
Telephone Exp. 4,018.00 0.04
Tour & Traveling Exp. 74,560.00 0.72
Transportation Exp. 418,550.00 4.06
Water Exp. 3,020.00 0.03
Insurance - -
Interest Paid 16,800.00 0.16
Depreciation 73,404.83 0.71
Round off

TO NET PROFIT 1,651,450.00 16.02

ENDED 31.12.2016
ACTUAL ADJUSTED
AMOUNT (Rs) RATIO AMOUNT (Rs) RATIO
AS ON % AS ON %
31.03.2017 31.03.2017

30,003,437.30 30,003,437.30
699,846.00
- ###
30,003,437.30 30,703,283.30

- -
22,381,385.69 22,381,385.69
2,206,458.00 2,206,458.00
203,719.00 203,719.00
319,885.00 319,885.00
9,317.00 83.73 9,317.00 81.39

4,882,672.61 16.27 5,582,518.61 18.61

- -
30,003,437.30 30,703,283.30

4,882,672.61 16.27 4,882,672.61 16.27

455,000.00 455,000.00
1,139.00 0.00 1,139.00 0.00
457.00 0.00 457.00 0.00
- -
5,339,268.61 5,339,268.61
- -
3,087,883.00 10.29 3,087,883.00 10.29
23,090.00 0.08 23,090.00 0.08
- - - -
13,421.75 0.04 13,421.75 0.04
37,613.00 0.13 37,613.00 0.13
383,878.73 1.28 383,878.73 1.28
- - - -
13,892.00 0.05 13,892.00 0.05
87,979.00 0.29 87,979.00 0.29
161,885.00 0.54 161,885.00 0.54
157,808.00 0.53 157,808.00 0.53
3,365.00 0.01 3,365.00 0.01
 29,444.00 0.10 29,444.00 0.10
- - - -
1,192,000.00 3.97 1,192,000.00 3.97
187,088.80 0.62 187,088.80 0.62
- - - -
113,683.00 0.38 113,683.00 0.38
127,886.25 0.43 127,886.25 0.43
592,600.00 1.98 592,600.00 1.98
859,029.00 2.86 859,029.00 2.86
26,419.00 0.09 26,419.00 0.09
13,438.00 0.04 13,438.00 0.04
13,900.00 0.05 13,900.00 0.05
707,881.66 2.36 707,881.66 2.36
79.17 0.00 79.17 0.00

- -
(2,494,995.75) (8.32) (2,494,916.58) (8.32)

-
Diff.

-
-
-
-
-

-
-
29,832,837.30
-
-

-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-