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ATLAS & UNION JUTE PRESS CO. LTD.

Balance Sheet as at 31st March, 2013


as at 31st as at 31st
Note No March 2013 March 2012
(in Rs.) (in Rs.)

EQUITY AND LIABILITIES

(1) Shareholder's Funds


(a) Share Capital 3 1500000 1500000
(b) Reserves and Surplus 4 6202392 5921966
7702392 7421966
(2) Non Current Liabilities
(a) Other Non Current Liabilities 5 651053 651053
651053 651053
(3) Current Liabilities
(a) Other current liabilities 6 358244 350004
(b) Short Term Provisions 7 445000 319000
803244 669004

TOTAL 9156689 8742023

ASSETS

(1) Non-current assets


(a) Fixed Assets 8
- Tangible Assets 150132 150823
(b) Non Current Investment 9 405380 405380
(c) Other Non current Assets 10 187235 158318
742747 714521
(2) Current assets
(a) Trade Receivable 11 293317 76730
(b) Cash and cash equivalents 12 7620071 7513771
(c) Short term loans & advances 13 475163 423574
(d) Other Current Assets 14 25391 13427
8413942 8027502

TOTAL 9156689 8742023

Significant Accounting Policies 2.1

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 Director


Partner
(Membership No.057903)

Place: Kolkata Director


Date: 05th August,2013
ATLAS & UNION JUTE PRESS CO. LTD.

Statement of Profit and Loss for the year ended 31st March, 2013

2012-13 2011-12
Note No
(in Rs.) (in Rs.)
INCOME

Revenue from Operations 15 1363428 1359446


Other Income 16 409431 656090

Total Revenue (I) 1772859 2015536

EXPENSES

Employee Benefit Expenses 17 525737 494821


Other Expenses 18 840005 956909
Depreciation & Amortization 8 691 750

Total Expenses (II) 1366433 1452480

Profit before tax (I - II) 406426 563056


Tax expense:
Current tax 126000 175000
Deferred tax 0 0

Profit/ (-) Loss for the year after tax 280426 388056

Earning per equity share 19


(Nominal value of share Rs.10/- (Pr.Yr.-Rs.10/-)
(1) Basic 1.87 2.59
(2) Diluted 1.87 2.59

Significant Accounting Policies 2.1

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)

Director
Kedarashish Bapat
Partner
(Membership No.057903)
Director
Place: Kolkata
Date: 05th August,2013
ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

1 Corporate information
Atlas & Union Jute Press Co. Limited (the company) is a limited company domiciled in India and incorporated under the
provisions of the Indian Companies Act 1956 (CIN- U17119WB1934PLC007988) with its registered office at Kolkata
(West Bengal). It is engaged in the business of letting & subletting of properties.

2 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, 1956. 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.

2.1 Significant accounting policies

(a) 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.

(b) Tangible 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

(c) Depreciation
Depreciation (on tangible fixed assets) has been provided on writen down value method as per the rates prescribed in
Schedule XIV of the Companies Act 1956..

(d) 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).

(e) 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.

(f) Retirement & Other Employee Benefits


Provident Fund and Employee State Insurance are defined contribution schemes and contribution to these schemes
are charged to the Statement of Profit & Loss for the year in which the contributions are due. The company has no
defined benefit plan for gratuity and the costs in this regard shall be recognized in the accounts as and when they
occur. The company has no specified leave policy and the cost of the unutlised entitlement accumulated at the
reporting date, if any, is not recognised on accrual basis and shall be accounted for when paid.

ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

(g) 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 not
accounted for any deferred tax in the current year as the effect of the same is not material

(h) 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 computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary
items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential
equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and
the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential
equity shares.

(i) Presentation & Disclosure of Financial Statements


The Company has followed the Schedule-VI noticfied under the Companies Act 1956 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.

31.03.2012 31.03.2011
Rs. Rs.

3 Share Capital

Authorised -
1,50,000 (Pr.Yr. 1,50,000) Equity shares of Rs.10/- each 1500000 1500000

Issued, subscribed & paid up -


1,50,000 (Pr.Yr.-1,50,000 ) Equity shares of Rs.10/- each 1500000 1500000

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

31.03.2013 31.03.2012
No. of shares Rs. No. of shares Rs.

At the beginning of the period 150000 1500000 150000 1500000


0 0 0 0
Outstanding at the end of the period 150000 1500000 150000 1500000

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

ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

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

31.03.2013 31.03.2012
No. of shares % holding No. of shares % holding
Bina Kumari Jalan 31800 21 31800 21
Anirudh Jalan 55500 37 55500 37
Anirudh Jalan(HUF) 22350 15 22350 15

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
31.03.2013 31.03.2012
4 Reserves & Surplus Rs. Rs.

Securities Premium Account


Balance as per the last financial statements 2250000 2250000

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


Balance as per the last financial statements 3671966 3299835
Profit/ (-) Loss for the year 280426 388056
3952392 3687891
Add/ (-) Prior period adjustments for tax 0 -15925
3952392 3671966

Total Reserve & Surplus 6202392 5921966

5 Other Non current liabilities


Security Deposit against Rent 651053 651053

6 Other current liabilities


Expenses payable 358244 350004

7 Short Term Provisions


Provisions for Taxation 445000 319000

9 Non Current Investment (Non trade & at cost)


(a) Investment In Equity Shares (Unquoted)
Chandpur Jute Co. Ltd. 5050 5050
(50 Nos Equity Shares FV @Rs.100.00 each)
The Hanuman Estates Ltd. 150000 150000
(30000 Nos Equity Shares FV @Rs.100.00 each)
Devi Gas Products Pvt. Ltd. 250000 250000
(5000 Nos Equity Shares FV @ Rs.100.00)

(b) Investment In Equity Shares (quoted) **


Asiatic Oxygen Ltd. 330 330

405380 405380
** market value of equity shares of Asiatic Oxygen Ltd is not readily ascertainable

ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

31.03.2013 31.03.2012
Rs. Rs.

10 Other Non Current Assets


Security deposit 187235 158318

11 Trade Receivable
(Unsecured Considered Good)
Outstanding for a period exceeding Six Month 60325 60325
Other Dabts 232992 16405
293317 76730

12 Cash & Cash Equivalents


Balance with Bank in current account 114320 383922
Balance with Bank in FD account 7450000 7000000
Cash on hand (as taken & certified by the directors) 55751 129849
7620071 7513771

13 Short term loans & advances


Advances recoverable in cash or in kind or value to be received 73747 89247
(Unsecured & Considered Good)
Balances with revenue authorities
Advance Income Tax 157360 157360
Tax Deducted at Source 244056 176967
475163 423574
14 Other Current Assets
Accrued Interest on Fixed Deposits 25391 13427

15 Revenue from Operations


SALE OF SERVICES
Embroidery Charges Received 0 47780
Rent 172584 172463
Subletting Income 824844 803203
Storage Charges 216000 216000
Maintenance Charges 150000 120000
1363428 1359446

16 Other Income
Interest Received 409431 656090

17 Employee Benefit Expenses


Salaries & Allowance 480806 459196
P.F., E.P.F. & Admn. Charges 43727 33980
Staff Welfare 1204 1645
525737 494821
18 Other Expenses
Rent 22624 39288
Rates & Taxes 99926 103809
Repairs to Building 171214 186616
Repairs to Otheres 118036 272275
Electric Charges 85030 97185
Telephone Charges 14965 16869
Travelling & Conveyance 31938 22089
Printing & Stationery 65337 85575
ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

31.03.2013 31.03.2012
Rs. Rs.
Other expenses (contd..)
Postage and Telegram 2012 1020
Cleaning & Maintenance 53351 28260
Legal Charges 57861 33363
Director's Meeting Fees 6000 4900
Filling Fees 3031 2100
Professional Charges 10807 4408
Auditor's Remuneration:
Audit Fees 6742 6742
Other Services 2247 2206
Professional Tax 40 250
Watch & Ward 84120 0
Misc. Expenses 4724 49954
840005 956909

19 Earnings perreflects
The following share <EPS> (as
the profit pershare
and requirements
data used of
in AS-20)
the basic and diluted EPS
computation

Total Operations for the year


Profit / (-) Loss after tax 258783 388056
Adjustments 0 0
Net profit/ (-) loss for calculation of basic & diluted EPS 258783 388056
Weighted average no of equity shares in calculating basic & diluted EPS 150000 150000

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

(A) Related Parties


1. Girdhari Estates Pvt. Ltd. Associate Concern
2. Gautam Engineers Ltd. Associate Concern
3. Prestige Properties Pvt. Ltd. Associate Concern
Associate Concern

(B) Related Party Transactions (with Associate Concerns)


31.03.2013 31.03.2012
Rs. Rs.
Income
Rent received 151800 172584
Storage Charges received 216000 216000
Share of Municipal Tax received 192000 192000
Maintenance Charges received 150000 120000
Balances
1. Girdhari Estates Pvt. Ltd. 160284 0
2. Prestige Properties Pvt. Ltd. 22500 0

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: 05th August,2013
ATLAS & UNION JUTE PRESS CO. LTD.

Notes forming part of the financial statements for the year ended 31st March 2013

Note No. 8: FIXED ASSETS

PARTICULARS GROSS BLOCK DEPRECIATION

AS ON 1ST ADDITIONS SOLD/ AS ON 31ST AS ON 1ST FOR THE DEDUCTIONS/ AS ON 31ST


APRIL 2012 DEDUCTION MARCH 2013 APRIL 2012 YEAR ADJUSTED MARCH 2013

Freehold Land (Atlas) 140586 0 0 140586 - 0 0 0


Building (Atlas) 100244 0 0 100244 98552 85 0 98637
Building (Union) 107115 - 0 107115 99905 360 0 100265
Furniture & Fittings 58086 0 0 58086 57296 143 0 57439
Air Conditioner 16976 0 0 16976 16964 0 0 16964
Sewing Mchine 2125 - 0 2125 1837 40 0 1877
Cycle 1950 0 0 1950 1705 63 0 1768

Total 427082 0 0 427082 276259 691 0 276950

Previous year 427082 0 0 427082 276259 691 0 176950

ATLAS & UNION JUTE PRESS CO.LTD.


DEPRECIATION CHART AS PER I.T.ACT 1961 AS ON 31/03/2013

DESCRIPTION RATE WDV ADDITION SALES TOTAL DEPRECIATION WDV


OF AS ON DURING DURING FOR THE AS ON
DEP. 01.04.12 THE YEAR THE YEAR YEAR 31.03.13

FURNITURE &
FIXTURE 10% 2777.00 - 2777.00 278.00 2499.00

SEWING
MACHINES 15% 189.00 - 189.00 28.00 161.00

CYCLE 15% 352.00 - 352.00 53.00 299.00

3318.00 - 3318.00 359.00 2959.00


NET VALUE

AS AT 31ST AS AT 31ST RATE OF


MARCH 2013 MARCH 2012 DEP.

140586 140586
1607 1692 5
6850 7210 5
647 790 18.1
12 12
248 288 13.91
182 245 25.89

150132 150823

150132 150823
Misc. Expenses
sundry bal w/off -4292
general exp. 6222
bank charges 2794.66
4724.66