GIRDHARI ESTATES PRIVATE LIMITED

Balance Sheet as at 31st March, 2017

as at 31st as at 31st
Note No March 2017 March 2016
(in Rs.) (in Rs.)

EQUITY AND LIABILITIES

(1) Shareholder's Funds

(a) Share Capital 2 152000 152000
(b) Reserves and Surplus 3 450000 21822971
602000 21974971
(2) Non Current Liabilities
(a) Other Non current Liabilities 4 1418602 1406102
(b) Deferred Tax Liability 5 0 58704
1418602 1464806

(3) Current Liabilities

(a) Other current liabilities 6 158659 149115
(b) Short Term Provision 7 0 1844000
158659 1993115

TOTAL 2179261 25432892

ASSETS

(1) Non-current assets

(a) Fixed Assets 8
- Tangible Assets 0 902346
(b) Non Current Investment 9 495225 495225
(c) Other Non current assets 10 128877 128877
624102 1526448
(2) Current assets
(a) Trade Receivables 11 0 913089
(b) Cash and Bank balances 12 25005934 21449666
(c) Short term loans & advances 13 906307 1500657
(d) Other Current Assets 14 43032 43032
25955273 23906444

TOTAL 26579375 25432892

Significant Accounting Policies 1

The accompanying notes are an integral part of the financial statements

In terms of our Report of even date

For & on behalf of For & on behalf of
vv the Board of Directors
Chartered Accountants
(Firm Regn No-301009E)

Kedarashish Bapat Director

Partner
(Membership No.057903)
Place: Kolkata Director
Date: 24th August 2016
 GIRDHARI ESTATES PRIVATE LIMITED

Statement of Profit and Loss for the year ended 31st March, 2017

2016-17 2015-16
Note No
(in Rs.) (in Rs.)

INCOME

Revenue From Operations 15 5300495 5072879

Other Income 16 1559577 1676050

Total Revenue (I) 6860072 6748929

EXPENSES

Employee Benefit Expenses 17 1047780 1294468

Other expenses 18 975380 1096220
Depreciation & Amortization 8 31289 16559

Total Expenses (II) 2054449 2407247

Profit before tax (I - II) 4805623 4341682

Tax expense:
Current tax 1200000 644000
Deferred tax 9384 49320

Profit/ (-) Loss for the period after tax 3596239 3648362

Basic earning per equity share 236.59 240.02

Nominal value of share 10 10
Wt Average No of Equity Shares (in Nos.) 15200 15200

Significant Accounting Policies 1

The accompanying notes are an integral part of the financial statements

In terms of our Report of even date

For & on behalf of For & on behalf of

S.B.DANDEKER & CO. the Board of Directors
Chartered Accountants
(Firm Regn No-301009E)

Kedarashish Bapat
Partner Director
(Membership No.057903)

Place: Kolkata
Date: 24th August 2016 Director
 GIRDHARI ESTATES PRIVATE LIMITED

Notes forming part of the financial statements for the year ended 31st March 2017

1 Significant accounting policies

(a) Basis of accounting and preparation of financial statements
The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting
Principles in India (Indian GAAP). The Company is a Small and Medium Sized Company as defined in the General
Instructions in respect of Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as
amended). Accordingly, the Company has complied, in all material respects with the Accounting Standards as applicable
to a Small and Medium Sized Company and the relevant provisions of the Companies Act, 2013. The financial statements
have been prepared on accrual basis under the historical cost convention. The accounting policies adopted in the
preparation of the financial statements are consistent with those followed in the previous year.

(b) Use of estimates

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates
and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the
reported income and expenses during the year. The Management believes that the estimates used in preparation of the
financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences
between the actual results and the estimates are recognised in the periods in which the results are known / materialise.

(c) Tangible & Intengible fixed assets

Tangible fixed assets are carried at cost. The cost of fixed assets includes interest on borrowings attributable to
acquisition of qualifying fixed assets up to the date the asset is ready for its intended use and other incidental expenses
incurred up to that date. Subsequent expenditure relating to fixed assets is capitalised only if such expenditure results in
an increase in the future benefits from such asset beyond its previously assessed standard of performance.The company
has no intangible fixed assets

(d) Depreciation
Depreciation (on tangible fixed assets) has been provided on straight line method at the rate calculated as per economic
useful time specification in schedule II of the Company Act , 2013
(e) Investments
Long-term investments are carried individually at cost less provision for diminution, other than temporary, in the value of
such investments. Long term investments are those which are not readily realizable and are intended to be held for more
than one year from the date of the investment. All other investments are current investments. However the company has
no Current investments. Cost of investments include acquisition charges such as brokerage, fees and duties (if any).

(f) Revenue recognition

Revenue from services are recognized as and when the services are rendered and right to receive the income is
unconditionally established. Sales of services exclude indirect taxes and levies, as applicable. Other income is
recognized on accrual basis except for dividend which is generally accounted for on receipt.

(g) Employee Benefits

The company recognizes all short term employee benefits accrued for the accounting period in exchange for services
rendered at their undiscounted amounts in the Statement of Profit & Loss.
No Post Employment benefits are recognized as the company is not covered under provision of relevant statutes such as
the Provident Fund, Employee State Insurance & Payment of Gratuity Acts.
Necessary provision for leave encashment due to employees is made in accordance with the rules framed by the
company in this regard at the undicounted amounts as those rules do not permit for accumulation of the compensated
absences for the accounting period beyond the relevant balance sheet date.

GIRDHARI ESTATES PRIVATE LIMITED

Notes forming part of the financial statements for the year ended 31st March 2017

(h) Taxes on income

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the
provisions of the Income Tax Act, 1961. Deferred tax is recognised on timing differences, between the taxable income and
the accounting income that originate in one period and are capable of reversal in one or more subsequent periods. It is
measured using tax rates enacted or substantially enacted at the reporting date. Deferred tax assets are recognised only
to the extent there is reasonable certainty that there will be sufficient future taxable income against which they can be
realized. The company has no deferred tax to be accounted for in the current year.

(i) Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary
items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is
not required to be disclosed for the company in accordance with Accounting Standard-20.

(j) Presentation & Disclosure of Financial Statements

The Company has followed the Schedule- III noticfied under the Companies Act 2013 for preparation and presentation of
its financial statements. The company has also reclassified the previous year's figures in accordence with the reqirements
applicable in the current year.

(k) Impairment of assets

The Fixed Assets or a group of assets (cash generating unit) and producing properties are reviewed for impairment at
each Balance Sheet date. In case of any such indication, the recoverable amount of these assets or group of assets is
determined, and if such recoverable amount of the assets or cash generating unit to which the assets belongs is less than
it's carrying amount, the impairment loss is recognised by writing down such assets and producing properties to their
recoverable amount. An impairment loss is reversed if there is change in the recoverable amount and such loss either no
longer exists or has decreased.

31.03.2017 31.03.2016
Rs. Rs.
2 Share Capital

Authorised -
50,000 (Pr.Yr. 50,000) Equity shares of Rs.10/- each 500000 500000

Issued, subscribed & paid up -

15,200 (Pr.Yr.-15,200 ) Equity shares of Rs.10/- each 152000 152000

a. Reconciliation of Equity Shares outstanding at the beginning and at the end of the period

31.03.2017 31.03.2016
No. of shares Rs. No. of shares Rs.

At the beginning of the period 15200 152000 15200 152000

Issued during the year 0 0 0 0
Outstanding at the end of the period 15200 152000 15200 152000

b. Terms/rights attached to the equity shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is
entitled to one vote per share. No dividend on equity shares has been declared/paid for the current year

c. Details of shareholders holding more than 5% shares in the company.

31.03.2017 31.03.2016
No. of shares % holding No. of shares % holding
D. P. Jalan HUF 1000 7 1000 7
Gautam Engineers Ltd. 2000 13 2000 13
Udbhav Jalan 5000 33 5000 33
Anirudh Jalan 6000 39 6000 39

As per records of the company, including its register of shareholders/members and other declarations received from
shareholders regarding beneficial interest the above shareholding represents both legal and beneficial ownership of
shares

GIRDHARI ESTATES PRIVATE LIMITED

Notes forming part of the financial statements for the year ended 31st March 2017

31.03.2017 31.03.2016
3 Reserves & Surplus Rs. Rs.

Securities Premium Account

Balance as per the last financial statements 450000 450000

Surplus/ (-) deficit in the statement of profit & loss

Balance as per the last financial statements 0 17855858
Profit/ (-) Loss for the year 0 3117568
0 20973426
Add/ (-) Less: Prior period adjustments for income tax 0 399545
0 21372971

Total Reserve & Surplus 450000 21822971

4 Other Non Current Liabilities

Security Deposit against Rent 1418602 1406102

1418602 1406102

5 Defrrred Tax Liabilities (DTL)

Difference in depreciation on Fixed assets as per account
and income tax 0 189980
DTL @ effective tax rate of 30.9 % 0 58704
Less : DTL as per last account 0 49320
DTL accounted for in current year [Cr./ (-) Dr. ] 0 9384

6 Other current liabilities

Taxes & duties payables 158659 16380
Payable for Capital Godds 0 0
Other payable 0 132735
158659 149115
7 Short Term Provisions
Provisions for Income tax 0 1844000

0 1844000

9 Non Current Investment (Non trade & at cost)

(a) Investment In Equity Shares(Un-quoted)

Rajasthan Fertiliser & Chemical Corporation Ltd. 239725 239725
(188500 Nos Equity Shares FV @Rs.10 each , Prev. Yr. 188500)
Devi Vihar Pvt. Ltd. 135500 135500
(18300 Nos Equity Shares FV @Rs.10/- each, Prev. Yr. 18300)
Prestige Properties Pvt. Ltd. 120000 120000
(24000 Nos Equity Shares FV @ Rs.10/- each, Prev. Yr. 30000)

495225 495225

(b) Investment In REC Bonds 0 0

(5000 No. of Bonds F.V. @ Rs.1000 each, Prev. 5000) 495225 495225

GIRDHARI ESTATES PRIVATE LIMITED

Notes forming part of the financial statements for the year ended 31st March 2017

31.03.2017 31.03.2016
Rs. Rs.

10 Other Non current Assets

Security deposit 125000 125000
CESC Deposit 3877 3877
128877 128877

11 Trade Receivable
(Unsecured & Considered Good)
Outstanding for a period exceeding Six Month 0 74455
Other Dabts 0 838634
0 913089

12 Cash & Bank Balances

Cash & Cash Equivalents
Cash on hand (as certified by the directors) 97421 2142
Balance with Bank in current account 358513 147524
455934 149666
Other Bank Balances
Balance with Bank in Fixed Deposit Account 24550000 21300000
(Maturity Period of 3 to 12 Months)
25005934 21449666

13 Short term loans & advances

Staff Advance 52500 53500
Balances with revenue authorities
Advance Income Tax 600000 715000
Tax Deducted at Source 253807 732157
906307 1500657
14 Other Current assets
Accrued Interest on bonds & deposits 43032 43032

15 Revenue from Operations

SALE OF SERVICES
Subletting Income 5300495 5072879

16 Other Income
Interest received 1559577 1676050
1559577 1676050
17 Employee Benefit Expenses
Salaries & Allowance 991528 1272988
Staff Welfare 56252 21480
1047780 1294468
18 Other Expenses
Rent & Maintenance Charges 267300 309000
Rates & Taxes 119844 51205
Municipal Tax 90000 60000
Repairs to Godown 135100 99645
Repairs to Others 142181 212700
Electricity Charges 44070 67473

GIRDHARI ESTATES PRIVATE LIMITED

Notes forming part of the financial statements for the year ended 31st March 2017

31.03.2017 31.03.2016
Rs. Rs.
Other expenses (contd)
Travelling & Conveyance 58647 75713
Printing & Stationery 2569 99120
Watch & Ward 17172 21120
Legal & Professional Charges 35320 75454
Directors' Fees 4800 4800
Auditors' Remuneration (for audit fees) 0 7475
Filling Fee 0 2200
Brokerage 25000 0
Miscellaneous Expenses 33377 10315
975380 1096220

19 Related Party Transactions ( Disclosure in terms of AS-18)

(A) Related Parties

1. ATLAS & UNION JUTE PRESS CO.LTD. Associate Concern
2. HANUMAN TRADING COMPANY Associate Concern
3. THE HANUMAN ESTATES LTD. Associate Concern

(B) Related Party Transactions (with Associate Concerns)

31.03.2017 31.03.2016
Rs. Rs.
Expenses
Rent Paid 157800 157800
Maitenance Charges 105900 151200
Municipal Tax 90000 60000

In terms of our Report of even date

For & on behalf of
For & on behalf of the Board of Directors
S.B.DANDEKER & CO.
Chartered Accountants
(Firm Regn No-301009E)
Director

Kedarashish Bapat
Partner
(Membership No.057903) Director

Place: Kolkata
Date: 24th August 2016
 GIRDHARI ESTATES PRIVATE LIMITED

DEPRICIATION CART AS PER I. TAX ACT, FOR THE ASST. YEAR 2016-17

PARTICULARS GROSS BLOCK DEPRECIATION NET VALUE

Rate Of Dep
AS ON 1ST ADDITIONS SOLD/ AS ON 31ST FOR THE AS AT 31ST
APRIL 2012 DEDUCTION MARCH 2013 YEAR MARCH 2013

AIR CONDITIONER 2660 0 0 2660 399 2261 15

0 0
Building (Ownership) 735462 0 0 735462 36773 698689 5

Computer 35,902 0 0 35901 21,541 14,360 60

TOTAL 774024 0 0 774023 58713 715310

Previous Year 972478 0 0 972478 45912 862137

 GEPL

SUNDRY BAL.R/OFF 6865.00

BANK CHARGES 2309.00
ROUND OFF -44.00
GEN. EXP. 44448.00
PROF. TAX 2960.00
OTHER INCOME -27600.00
TELEPHONE 4439.00
33377.00

SUBLLETIN INCOME 3883662.00

PARKING CHAGES 1416833.00
5300495.00

RATES AND TAXES

FLAT KMC BANSDRONI 3160.00
TRADE LIENCE 1900.00
SERVICE TAX PAID 110957.00
S B Cess 2815.00
K K Cess 1012.00
119844.00

SERVICE TAX 0