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NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

BALANCE SHEET FOR THE YEAR ENDED 31.03.2008

AS AT AS AT
SCH. 31.03.08 31.03.07
Rs. Rs.
SOURCE OF FUNDS
Capital 1 159400 159400
Reserves & Surplus 2 745553 738849
904953 898249

FIXED ASSETS
Gross Block 3 7775 7775
Less : Depreciation to date 6121 1654 5755 2020

CURRENT ASSETS, LOANS &
ADVANCES
Cash & Bank balances 4 581455 565920
Loans & Advances 5 1500000 1500000
SUB TOTAL - A 2081455 2065920

CURRENT LIABILITIES &
PROVISIONS
Current Liabilities 6 1013766 1010766
Provisions 164390 158925
SUB TOTAL - B 1178156 1169691

NET CURRENT ASSETS (A - B) 903299 896229

TOTAL 904953 898249

SIGNIFICANT ACCOUNTING POLICIES
& NOTES ON ACCOUNTS 8

As per our report attached
PLACE : CHENNAI For P.SRINIVASAN & CO.,
DATE : 03.09.08 Chartered Accountants

(DR.A.S.MANICKAVEL) ( A.K.NATARAJ) (P.SRINIVASAN)
MANAGING DIRECTOR DIRECTOR Partner
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

INCOME AND EXPENDITURE ACCOUNT FOR THE
YEAR ENDED 31.03.2008
Current Previous
Particulars SCH. Year Year
Rs. Rs.
INCOME

Interest on Bank deposits 23614 83369
Other Income 16696 0
Total 'A' 40310 83369

EXPENDITURE

Administrative Expenses 7 27775 54436
Depreciation 366 573
Total 'B' 28141 55009

Net profit for the year 12169 28360

Appropriations:-

Provision for Tax 5465 0
Transfer to Reserve 0 0
Dividend 0 0
Dividend Tax 0 0
5465 0
Net profit after appropriation 6704 28360
Surplus Brought Forward 38849 10489

surplus Carried forward 45553 38849

As per our report attached
PLACE : CHENNAI For P.SRINIVASAN & CO.,
DATE : 03.09.08 Chartered Accountants

(DR.A.S.MANICKAVEL) ( A.K.NATARAJ) (P.SRINIVASAN)
MANAGING DIRECTOR DIRECTOR Partner
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

Schedules to Balance Sheet for the year ended 31.3.2008

As at As at
31.3.2008 31.3.2007
Rs. Rs.

1 SHARE CAPITAL - AUTHORISED :

1,50,000 Equity shares of Rs. 10/- each 1500000 1500000

ISSUED AND PAID UP CAPITAL :

10000 Equity shares of Rs.10/- each
fully paid up 100000 100000
Share moneys received pending allotment 59400 59400

Total 159400 159400

2 RESERVES & SURPLUS:

General Reserve as per last Balance sheet 700000 700000

Profit and loss account as per last Balance sheet 38849 10489

Add:surplus for the year 6704 45553 28360 38849

Total 745553 738849
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

YEAR ENDED 31-03-08
3.FIXED ASSETS:- (In Rs)

Gross block Depreciation Net Block
As at Additions / As at Up to As at As at As at
Description of Asset 1.4.2007 Deletions 31.3.2008 31.3.2007 for the year 31.3.2008 31.3.2008 31.3.2007
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Furniture & fittings 7775 0 ### 7775 5755 366 6121 1654 2020

Total 7775 0 ### 7775 5755 366 6121 1654 2593

Previous Year's Total 7775 0 7775 5182 573 5755 2020 2593
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

Schedules to Balance Sheet for the year ended 31.3.2008

As at As at
31.3.08 31.3.07
Current Assets, Loans and Advances Rs. Rs.

Schedule 4 :

Cash and Bank Balances
a] Cash Balance on Hand 1351 8000

b] With Scheduled Banks
in Current Account 8257 11303
in Deposit Account 571847 546617
Total 581455 565920

Schedule 5 :

Loans and Advances
(Unsecured and considered good)

Advances recoverable in cash
or in kind or for value to be received 1500000 1500000

Current Liabilities and Provisions
Schedule 6 :

Current Liabilities
Sundry Creditors 4126 4126
Other Liabilities 1009640 1006640
Total 1013766 1010766
PROVISIONS
Taxation 164390 158925
Total 164390 158925
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED

Schedules to Balance Sheet for the year ended 31.3.2008

Schedule 7: Current Previous
Year Year
ADMINISTRATIVE EXPENSES Rs. Rs.

Electricity 0 290

Rates and Taxes 15865 25949

Travelling & Conveyance 2650 10877

Bank charges 2260 0

Audit fees - Statutory audit 3000 6000

Miscellaneous Expenses 4000 11320

Total 27775 54436
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED
For the year ended 31.3.2008

8) A. Significant Accounting Polices

1. Fixed Assets are stated at the value at which the same has been taken over
from the erstwhile partnership.

2. Depreciation has been charged under the WDV method at the rates and
in the manner prescribed by Schedule XIV of the Companies Act, 1956.
on the value at which the assets were taken over.

3. Revenue recognition:
Lease charges and recoveries are recognised on accrual basis.
Interest on Deposits are on accrual basis

4. Earnings per share : The share capital comprises of Equity Shares.
Basic earnings per share is calculated and disclosed.

5. Accounting for taxes on income :

Deferred tax liability is not recognised on consideration of prudence and materiality

B. Notes on Accounts
As at 31.3.2008 As at 31.3.2007
1)Earnings per share

No of Equity shares 10000 10000
Nominal value of shares 10 10
Net Profit after tax 6704 28360
Earnings per share 0.04 0.28

2) Schedules 1 to 8 form an integral part of the Balance Sheet and
Profit & Loss A/c and have been duly authenticated.

3) Previous year's figures have been regrouped wherever necessary
to conform to the current year's classification.

4) Figures have been rounded off to the nearest rupee.
NELSON'S CHATHURTHI VINAYAGAR ESTATE (P) LIMITED
Additional information pursuant to part IV of schedule VI
of the companies Act,1956

Balance sheet Abstract and company's general Business Profile.

I) Registration Details
Registration No. 5618
State code 18
Balance Sheet date As at
31.3.2008

II) Capital raised (Amount in Rs. Thousands)
during the year : Current Previous
Year Year
Public issue Nil Nil
Bonus issue Nil Nil
Rights issue Nil Nil
Private issue Nil Nil

III) Position of mobilisation
and Deployment of funds
Total Liabilities 905 898
Total assets 905 898

Sources of funds
Paid up capital 159 159
Reserves and surplus 746 739
Secured loans 0 0
Unsecured loans 0 0

Application of funds
Net fixed assets 2 2
Investments 0 0
Net current Assets 903 896
Misc. Expenditure 0 0
Profit & Loss A/c 0 0

IV) Perfomance of the company

Turn over 40 83
Total Expenditure 28 55
Profit before tax 12 28
Profit before tax 8 28
Dividend (%) 0 0
Earning per share in Rs. 0.04 0.28

GENERIC NAMES OF PRINCIPAL PRODUCTS/SERVICES OF COMPANIES

Item code No. (ITC Code) Nil Nil
Product Description :
As per our report attached
Place: Chennai For P.SRINIVASAN & CO.,
Date : 03.09.08 Chartered Accountants

(DR.A.S.MANICKAVEL) ( A.K.NATARAJ) (P.SRINIVASAN)
MANAGING DIRECTOR DIRECTOR Partner