( DECCAN BEARINGS LIMITED

. I
BALANCE SHEET AS AT 31ST MARCH, 2006

SCHEDULE As at 31st As at 31st

March,2006 March,2005
Rupees Rupees Rupees
SOURCES OF FUNDS:
1. SHARE HOLDER'S FUNDS:
{a} Share Capital 1 . 21,833,340 21,833,340
{b} Reserves and Surplus 2 . 19,846,204 22,303,232
41,679,544 44,136,572
2.LOAN FUNDS:
{a} Secured Loan 3 492,377 6,714,879
{b} Unsecured Loans 4 4,252,062 4,375,000
4,744,439 11,089,879

3.DEFERRED TAX LIABILITY 3,740,694 3,578,689

4.TOTAL FUNDS EMPLOYED 50,164,677 58,805,140

APPLICATION OF FUNDS
5.FIXED ASSETS 5
{a} Gross Block 50,401,479 55,512,250
{b} Less: Depreciation 28,831,143 30,197,913
{c} Net Block 21,570,336 25,314,337

6.iNVESTMENTS : 6 24,700 24,700

7.CURRENT ASSETS,LOANS AND ADVANCES
{a} Inventories 7 15,295,686 15,356,115
{b} Sundry Debtors 8 22,746,861 33,851,248
{c} Cash and Bank Balances 9 567,020 730,641
{d} Loans and Advances 10 7,924,316 6,510,124
46,533,883 56,448,128
8.LESS:CURRENT LIABILITIES AND PROVISIONS:
{a}Current Liabilities 11 13,497,442 19,541,025
{b}Provisions 12 4,470,000 3,445,000
17,967,442 22,986,025

9.NET CURRENT ASSETS: 28,566,44.1 33,462,103

10.MISCELLANEOUS EXPENDITURE 13 3,200 4,000

( to the extent not written off or adjusted)

11. TOTAL FUNDS UTILISED 50,164,677 58,805,140

NOTES TO ACCOUNTS 19

As per our attac~ed Report of even date For and on behalf of the Board
For D.V.VORA& CO. .
Chartered Accountants

Sd/. SdI- SdI-

{D.V. VORA} KIRAN N. VORA ABHAY V. KOTHARI
Proprietor Managing Director Executive Director

Mumbai, Dated: 25th August, 2006 Mumbai, Dated: 25th August, 2006

13
I DECCAN BEARINGS LIMITED 'I
SCHEDULES FORMING PART OF THE BALANCESHeET

As at 31st As at 31st
March,2008 March,2oo5
" Ru~s Rupees Rupees

SCHEDULE 1
SHARE CAPITAL:
AUTHORISED :
32,50,000 EQUITY SHARES OF Rs. 101..EACH 32,500,000 32.500,000

ISSUED, SUBSCRIBED & PAID UP :

21,83,334 EQUITY SHARES OF Rs 101-EACH 21,833,340 21,833,340
21,833,340 21,833,340
of the above
{i} 11,37,500 Equity shares are allotted as fully paidup, by
way of Bonus Shares by Capitalisation of amounts out of
General Reserves and Profit and Loss Account.

SCHEDULE 2
RESERVES & SURPLUS
{1}CAPITAL RESERVE:
{a}[ CENTRAL & STATE SUBSIDY FOR PROJECT
IN BACKWARDAREA.] 1,993,298 1,993,298

{b}REVALUATIONRESERVES 4,533,968 4,764,049

LESS:TRANSFERED FROM PROFIT AND LOSS ACCOUNT
i] FOR ADJUSTED DEPRECIATION 230,080 230,080
4,303,888 4,533,969

{2} SECURITY PRJ:MIUM 6,000,000 6,000,000

{3} GENERAL RESERVES:

OPENING BALANCE: 6,850,000 .6,850,000
{4} PROFIT AND LOSS ACCOUNT. AFTER APPROPRIATIONS 699,018 2,925,965
19,846,204 22,303,232

SCHEDULE 3
SECURED LOAN
{a} FROM SCHEDULED BANK:
CASH CREDIT ACCOUNT WITH STATE BANKOF INDIA 492,377 6,714,879
{SECURED AGAINST HYPOTHECATION OF STOCK AND BOOK
DEBTS '& PERSONAL GUARANTEE OF PROMOTER DIRECTORS.}
492,377 6,714,879

SCHEDULE4 . .
UNSECURED LOANS ""

{a} FROM $HAREHOl:.DERS 1,735,000 1,735,000

{b} INTER CORPORATE DEPOSIT 2,317,062 '2,440,000
{c} FROM OTHERS 200,000 200,000
4,252,062 4,375,000

16
(DECCANBEARINGSLIMITED ]
SCHEDULES FORMING PART OF THE BALANCE SHEET

SCHEDULE 5

FIXED ASSETS
GROSS BLOCK DEPRECIATION NET BLOCK
SR. DESCRIPTION
OF AS ON ADDITIONS DEDUCTION ASON AS ON DEDUCTION FORTHE AS ON ASON AS ON
NO. ASSETS 01.04.2005 & 31.03.2006 31.03.2005 & YEAR ENDED 31.03.2006 31.03.2006 31.03.2005
ADJUSTMENT ADJUSTMENT ON 31.03.2006
Rs. Rs. Rs. Rs. Rs. Rs. Rs.. Rs. Rs. Rs.
1 LAND
LEASE HOLD LANDAT
HALOL 1139606 0 1139606 0 0 0 0 1139606 1139606
2 BUILDING
.....
a) AT HALOL 12370953 12370953 4129151 413190 4542341 7828612 8241802 ...

b) AT BARODA(POR) 2956759 0 2956759 0 0 2956759 2956759

3 PLANT& MACHINERY 30465329 291200 4559266 26197263 21561963 2i97156 1341126 20105933 6091330 8903366
4 ELECTRICAL
INSTALLA TIONS 1026737 9400 1036137 770495 72922 843417 192720 256242
6 FURNITURE&
FIXTURES 2092913 0 2092913 1165380 132481 1297861 795052 927533
6 VEHICLES 3200678 5485 0 3206163 1197991 0 304585 1502576 1703587 2002687
7 OFFICEEQUIPMENTS 771339 30395 801734 372297 55030 427327 374407 399042
8 STAFF QUARTERS 461906 0 461906 80371 7529 87900 374006 381535
9 COMPUTERS 1026030 28420 916405 138045 920265 916405 19928 23788 114257 105765
TOTALRs. 55512250 364900 5475671 50401479 30197913 3713561 2346791 28831143 21570336 25314337
PREVIOUSYEAR 58797251 153473 3438474 55512250 29517032 2109082 2789963 30197913 25314337 29280219

1} AJ Land. Factory Building, Plant & Machinery & Staff Quarters had been revalued as on 31st March.1996. Approved valuers were appointed for the same purpose. As per their valuation report
based current replacement cost of such Land,Factory Building. Plant & Machinery & Staff Quarters at Halol,there had been an Increase In the book value of assets amounting to
Rs. 3.43.59,695/- which had been added to Land, Factory. Building, Plant & Machinery & Staff Quarters at Halol and credited to Revaluation Reserve Account

BJ Plant & Machinery has been revalued as on 31st March,2003. Approved valuers were appointed for the same purpose. As per their valuation report based on current replacement cost of
Plant at Halol,therehas beendecrease in the book value of Plant & Machinery amountingto Rs. 1,71,91,702/- which has been reduced from Plant & Machinery at Halol and debited to
Revaluation Reserve Account.

2} Depreciation for the year Includes Rs.2,30,080/- pertaining to revalued Amount.

I DECCAN BEARINGS LIMITED 1
" "

,$CHEDULESFORMINGPARTGFnte~SMEET
As at 31st As at 31st
March.2008 March,2oo5
Rupees "
Ru~' Rupees
SCHEDULE 6
INVESTMENTS ( AT COST)
{i} QUOTED
182 EQUITY SHARES OF Rs.10/- EACH OF ASEA BROWN BOVERI LTD. 3,600 3,600
(MARKET VALUE Rs.3506501- ; PREVIOUS YEAR Rs.6489OO1-) ,
{ii} UNQUOTED ,
1000 EQUITY SHARES OF RS.10/- EACH OF KANSARA BEARINGS LTD. 16,000 16,000
1000 EQUITY SHARES OF Rs.101- EACH OF KANSARA MODLER LTO. 4,000 4,000
{iii}6 YEARS,NATIONALSAVINGS CERTIFICATE 1,100 1,100
( DEPOSITED WITH GOVERNMENT AND LOCAL AUTHORITY.)
24,700 24,700

CURRENT ASSETS,LOANS & ADVANCES

SCHEDULE 7'
INVENTORIES
( AS VALUED AND CERTIFIED BY DIRECTORS)
{1} RAW MATERIALS 2,399,090 4,507,354
{2} FINISHED GOODS 175,878 528,063
{3} WORK-IN-PROGRESS , 2,565,504 2.028,616;
{4} STOCK-IN-TRADE 9,214,918 8.684;829
{5} PACKAGING MATE~IALS 940,296 " '809,253
15,295,686 15,356,115

SCHEDULE 8
SUNDRY DEBTORS
( UNSECURED CONSIDERED GOOD )
OVER SIX MONTHS 1,448,217 2,119,905
BELOW SIX MONTHS & OTHERS 21,298.644 31,,731,343
22,746,861 33,851,248

SCHEDULE 9
CASH AND BANK BALANCES
{a}CASH AND CHEQ~S .INHAND AND 260,752 267,626
, IN TRANSIT
{b}WITH SCHEDULED BANK
(i) IN CURRENT ACCOUNTS 282,668 439,415
(ii) IN MARGIN MONEY ACCOUNT 23,600 . 23,600 .
567,029 730,641

SCHEOULE10
LOANS & ADVANCES
( UNSECURED CONSIDERED GOOD)
{A}ADVANCE RECOVERABLE IN CASH OR IN ~NO OR FOR VALUE TO BE RECEIVED 3,208,778 . 3,063,868
{B}QUE FROM EMPLOYEES " 580,846 422,491
(C) ADVANCE PAYMENT AGAINST TAXES 3,956,475 2,846,420
{D}SUNQRYDEPOSITS' 178,217 177,345
7,924,316 6,510,124
46,533i883 56.448,128

18
 ( DECCAN BEARINGS UIllTED L
SCHEOULESFORMtNGPMT OF:TNE"8At..ANCE SHEET

As at 31st As at 31st
March,2006 March,2005
Rupees Rupees , . Rupees
SCHEDULE11
CURRENTLIABILITIES
SUNDRYCREDITORS
{a} FOR GOODS 5,762,003 6,795,244
{b} FOR EXPENSES&OTHERS 6,997;728 ' 11,238,485
{c} ADVANCEFROMCUSTOMERS 737 ;711 117,f)64
.' ;
{d} FOR CAPITALGOODS 790,232
. 1;491.,442 19,541.025

SCHEDULE12
PROVISIONS
",
{a}PROVISION FOR INCOME TAX 4,145,000 3,445,000
{b}PROVISION FOR FRINGE BENEFIT TAX 325,000 4,470,000
17,967,442 22.986,025

SCHEDULE 13
IiuscELLANEOUS EXPENDITURE
. (to lie extent not writtenoffor adjusted) 4,000 4,800
SHARE Issue EXPENSES

LESS: WRITTENOFF DURINGTHEYEAR 800 3,200 800

3.200 4,000
'!I'
- ---~
f

I~

~ECCAN BEARINGS UMITED 1

BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSfNESSPROFILE

I. Registration Details State Code OIJ]

Registration No. ~ -35747
Balance Sheet Date ~Date .

Month Year

II. Capital Raised during the year (Amount in Rs. Lacs)

. Public Issue
CIIIIJ:mTI] ~
LLLLLL&!.lli
Bonus Issue Private Placement
c::o::crJillITI c:r::r:IIJIDJTI
III.Position of MobiIisationand DepIo~ offunds(~ in Lacs)
Total Liabilities Total Assets

ITI~IHliliJ CIR!GTIili]

=
Source of Funds
~ ~
~ ~
~u.. ~
Unsecured lo8ne

Application OfFunds Net FixedAssets Investnl80t

~ ~
~

=
Net CUrrent A1ssets

~ ~
~ Accumulated Losses
~
IV. Performance of company (Amount in Rs. Lacs)

Turnover . ~
~ ~
+/- Profit Before Tax +/- Profit After Tax

-~ -ITIIHIili]
~=
~
V. Genetic Names of Three~ofCompany
DividendRate"-

(as per~
ItemCode No. ~ (ITC Code) ~
Product Description

As per our attached Report of even date For and on behalf of the Board

For D. V. VORA & CO. SdI-

Chartered Accountants KlRAN N. VORA
SdI- Managing Director

(D.V.VORA) SdI-
Properietor N:Jhay V. Kothari
Executive Director

M~, Dated:25th August, 2006 Mumbai, Dated: 25th August, 2006

27

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