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  • Ferrum Merchant Balance Sheet 2017-18

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    SURANA1973
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    The document summarizes the financial performance and position of Ferrum Merchant for the year ended March 31, 2018. It includes a trading and profit & loss account showing revenues of Rs. 2,804,658,360.23, expenses of Rs. 4,532,493.99, and a net profit of Rs. 422,759.29. The balance sheet outlines sources of funds including capital, secured loans, and current liabilities totaling Rs. 160,672,538.50, and applications of funds including fixed assets, current assets, and advances. Key line items include sundry debtors of Rs. 158,744,170.50 and sundry creditors of Rs. 159,061,

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    The document summarizes the financial performance and position of Ferrum Merchant for the year ended March 31, 2018. It includes a trading and profit & loss account showing revenues of Rs. 2,804,658,360.23, expenses of Rs. 4,532,493.99, and a net profit of Rs. 422,759.29. The balance sheet outlines sources of funds including capital, secured loans, and current liabilities totaling Rs. 160,672,538.50, and applications of funds including fixed assets, current assets, and advances. Key line items include sundry debtors of Rs. 158,744,170.50 and sundry creditors of Rs. 159,061,

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    29 views4 pages

    Ferrum Merchant Balance Sheet 2017-18

    Uploaded by

    SURANA1973
    The document summarizes the financial performance and position of Ferrum Merchant for the year ended March 31, 2018. It includes a trading and profit & loss account showing revenues of Rs. 2,804,658,360.23, expenses of Rs. 4,532,493.99, and a net profit of Rs. 422,759.29. The balance sheet outlines sources of funds including capital, secured loans, and current liabilities totaling Rs. 160,672,538.50, and applications of funds including fixed assets, current assets, and advances. Key line items include sundry debtors of Rs. 158,744,170.50 and sundry creditors of Rs. 159,061,

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    of 4

    FERRUM MERCHANT

    NO 2/1A NANJAPPA ROAD SHANTI NAGAR


    BANGALORE 560027
    ASSESSMENT YEAR 2018-19 Year Ended:31/03/2018
    Trading and Profit & Loss Account for the Year Ended 31/03/2018
    Particulars Rs. Particulars Rs.
    To Opening Stock - By Sales 2,804,658,360.23
    '' Purchase 2,800,125,866.24 " Closing Stock -
    " Gross Profit c/d 4,532,493.99
    2,804,658,360.23 2,804,658,360.23
    To Indirect Expenses By Gross Profit b/d 4,532,493.99
    Accounting Charges 45,000.00
    Audit Fees 25,000.00
    Logistic Expenses- as per details 1,819,918.00
    Conveyance paid to staff 15,423.00
    Office Expenses 98,406.70
    Packaging Expense 156,430.00
    Printing & Stationary 34,320.00
    Staff Welfare Expenses 25,634.00
    Salary staff - as per details 645,300.00
    Material Handling Expense 1,132,400.00
    Communication Exp 45,360.00
    Travelling Exp 66,543.00
    " Net Profit 422,759.29
    4,532,493.99 4,532,493.99

    As per our Audit Report of even date


    for Ferrum Merchant Bhandari Pincha & Surana
    Chartered Accountants

    Mukesh Surana
    Proprietor Partner

    PLACE: BANGALORE
    DATE : 25.10.2018
    0.00

    0.16
    FERRUM MERCHANT
    NO 2/1A NANJAPPA ROAD SHANTI NAGAR
    BANGALORE 560027
    BALANCE SHEET AS AT 31 MARCH 2018

    Particulars Sch. Amount


    SOURCES OF FUNDS:

    Capital Account
    Proprietor - Mahendra Kumar Singhi 1 672,759.29

    Secured Loan
    Tractor Loan HDFC 583,338.00

    Current Liabilities
    Provisions & Advances 2 354,767.27
    Sundry Creditors 3 159,061,673.94

    Total 160,672,538.50

    APPLICATION OF FUNDS:

    Fixed Assets 1,295,000.00

    Current Assets
    Inventories -
    Sundry Debtors 4 158,744,170.50
    Cash & Bank Account 483,368.0
    Godown Advance 150,000.00

    Total 160,672,538.50

    As per our Audit Report of even date


    for Ferrum Merchant Bhandari Pincha & Surana
    Chartered Accountants

    Mukesh Surana
    Proprietor Partner

    PLACE: BANGALORE
    SUNDRY CREDITORS

    ARAVIND ENTERPRISES 11300821.22


    VETRIVIGAAS AUTO TECH 29884318.62
    INDIAN ISPAT 99275399.50
    M/S.JINDAL STEELS (HOSUR) 8452538.00
    STEEL HYPERMART INDIA PVT LTD-HOSUR 7399528.00
    SUPREME AUTO COMP. [INDIA] PVT. LTD 2749068.60
    159061673.94

    SUNDRY DEBTORS

    FERROUS & ALLOYS 25627273.00


    SINGHI BUILDTECH PVT LTD-BANGALORE 99735851.50
    METAL CRAFT 33381046.00
    158744170.50

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