Professional Documents
Culture Documents
. I
BALANCE SHEET AS AT 31ST MARCH, 2006
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
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
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
SCHEDULE 2
RESERVES & SURPLUS
{1}CAPITAL RESERVE:
{a}[ CENTRAL & STATE SUBSIDY FOR PROJECT
IN BACKWARDAREA.] 1,993,298 1,993,298
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 ""
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 ...
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.
,$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
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
I~
Month Year
ITI~IHliliJ CIR!GTIili]
=
Source of Funds
~ ~
~ ~
~u.. ~
Unsecured lo8ne
=
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
(D.V.VORA) SdI-
Properietor N:Jhay V. Kothari
Executive Director
"
~/ -
."