Professional Documents
Culture Documents
Partnership Firm
'•
I
Vishal Complex,
Moti Khavdi,
Jamnagar
F.Y. 2016-17
A.Y. 2017-18
Auditors:
DOSHI MARU & ASSOCIATES
Chartered Accountant
217/218 Manek Center
P N Marg
Jamnagar - 361 001
Phone: 0288-2661942/2661941, Email: doshi.mam@gmail.com
Chartered Accountants
Sarvesh A. Gohil
B.Com., F.C.A.
FORM NO 3CB
r 2. We certify that the balance sheet and the profit &loss account are in agreement with the
books of accounts maintained at the head office at above mentioned Address and having no
r branch. &
4. The statement ofparticulars required to be furnished under section 44AB is annexed herewith
in form No. 3CD.
5. In our opinion and to the best of our information and according to the explanation given to us,
t the particularsgiven in the said Form No. 3CD are true and correct.
Sarvesh A Go
Partner
M. No: 135782
FRNNo:0112187W
Signed at Jamnagar on
SEP 201?
b) Whether there has been any change in the There is no change in the method of
method of accounting employed vis-a-vis accounting during the year
the method employed in the immediately
preceding previous year ?
Increase Decrease
in Profit Net Effect
in Profit
(Rs.)
ICDSI Accounting Policies
ICDS II Valuation of Inventories
ICDS III Construction Contracts
ICDS IV Revenue Recognition
ICDSV Tangible Fixed Assets
ICDS VI
Changes in Foreign Exchange
Rates
ICDS VII Governments Grants
ICDS
Securities
VIII
ICDS IX Borrowing Costs
Provisions, Contingent
ICDSX
Liabilities and contingent assets
Total
iv
wea]tluax_ujia^r^^ Nil
royalty, license fee, service fee etc. Nil
undexsu^da^isej^
VI
salary payable outside India/to a Nil
non-resident without TDS etc. under
sub-clause fiiil
vii
payment to PF /other fund etc. under Nil
sub-clause (iv)
viii
tax paid by employer for perquisites Nil
under sub-clause (v)
c) Amounts debited
debited to profit and losses per Annexure 5
account being, interest, salary, bonus]
commission or remuneration
inadmissible under section 40(b)/40(ba)
and computation thereof:
d) Disallowance/deemed income under
section
As per Annexure 6
40A(3)
On the basis of the examination of
books ofaccount and other relevant
documents/evidence, whether the
expenditure covered under section
40A(3) read with rule 6DD were
made by account payee cheque
drawn on a bank oraccount payee
bankdraft. Ifnot, please furnish the
details
3MCorJ3ABjor33ABApr.33AC
25 Any amount ofprofit chargeable to tax under Nil
section
41 and computation thereof
26 In respect of any sum referred to in Nil
clause
(a),(b),(c),(d),(e) or (f) ofsection 43B, the
liability for which
pre-existedon the first day ofthe
previous year but was not allowed in
the assessment of any proceeding
previous yearandwas
a) paid during the previous year
b) not paid during the previous
year
B was incurred in the previousyear
and was
a)
* Service Tax
Preview ofsection 43°B0Cf^e?d withi" the!
1961. For which We afe°rf*ejnco»ne Tax ActJ
case of CIT v. R«rfim«f w^ °n decisi°n ta
WLtd. r2oo8nvrs^dtTech"°'^eS
»«• decision of ITAT in We a,so »M
1931/Mum/2008 oTm/sVI?6 °f ,TA N°
Ltd. v.ACIT Mumhl- . ChlmontICBPvt
Hewitt (!) (PHM '3nd CIT vs- Noble Anc'
|b) Inot paid on or
aforesaid date
bj particulars^nn^om7^n7n^ Nil
' 28
No
shareofacomnarnntKy Pr°Perty' bei"g
'which the pub^c are " hS"* *""^ to
'without SSSSTSf'ST^
the same J m P'eaSe ftirnish the details of,
IN.A.
Uh,res Sv° L°f ,era"on for lssu«
of .he Sh,r« ™fa*ed rarkMVa'"e
30 Details of any amount borrowed on hundi or Nil
any amount due thereon (includinginterest on
the amount borrowed) repaid, otherwise than
through an account payee cheque. (Section
69D)
* previous year;
(e) whether the loan or deposit was
taken or accepted otherwise than by
an account payee cheque or an
account payee bank draft
*(These particular need not be given in the case of agovernment company, a
banking company oracorporation established by aCentral, State or Provincial Act)
B. Finished products
C. By-products
Previous Year
Preceding Previous
(a) Total turnover oftheassesse Year
27,38,82,316.10 30,65,13,299.62
(b) Gross Profit/Turnover
N.A.
N.A.
(c) NetProfit/ Turnover 1.25.38.681 4-fl
51.95.65706
27,38,82,316.10 30,65,13,299.62
4.570/0
r 1.70%
(d) Stock-in-trade/Turnover N.A. N.A.
SONU ENTERPRISES
VAT
Annexure - 2
Reference: Clause No. 18 of Form No. 3 CD
Total 95,18,216.00
Computer 19,795.00
Furniture 12,489.00
Vehicle 34,60,520.00
Total 38,14,104.00
Computer 20,800.00
Honda 12,500.00
Total 7,98,330.00
SONU ENTERPRISES
ANNEXURE- a
SONU ENTERPRISES
Annexure - 4
Annexure - 5
Reference: Clause No. 21(c) of Form No. 3 CD
Inadmissible
Admissible Remuneration Amount Remuneration
Net Profit 1,00,27,522.23
Add depreciation 19,41,339.00
Add: Disallowance u/s 40(a)
Add: Partner's Interest
Add: Partner's Remuneration 22,50,000.00
rr 1,42,18,861.23
r
SONU ENTERPRISES
Annexure - 6
Reference: ClauseNo. 21(d) of Form No. 3 CD
We are unable to certify inadmissible amount u/s 40A(3) so far as it relates to payment made by cheque or demand draft as
necessary evidence are not in possession of assessee as there is no system of retuning honoured cheques/drafts to assessee
by bank. However, We certify that in admissible amount relating to cash payment U/s 40 A(3) is "Nil"
SONU ENTERPRISES
Annexure - 7
Ketan V. Modi
Remunaraion 7,50,000.00
Seema R. Pandey Remunaraion 7,50,000.00
Ramjibhai N. Pandey Remunaraion 7,50,000.00
Total
22,50,000.00
r
r
> "O
SONU ENTERPRISES
Annexure - 9
See Clause 31 (a) of Form No. 3CD
System
Electronic Clearing
-
Ashokkumar Rasiklal Katariya AEAPK7419M 15,00,000.00 15,00,000.00 Yes
System
Address: Jamnagar.
NOTE: (1) No loan has been accepted in cash. However we are unable to certify whether the same has been taken or accepted otherwise then by an account
payee cheque orBearer cheque as the necessary evidence were not inpossession ofthe assessee.
'' * . * •>
^ o
SONU ENTERPRISES
Annexure- 8
See Clause 31 (c) of Form No. 3CD
NOTE: (1) No loan has been repaid in cash. However we are unable to certify whether the same has been repaid otherwise
then by an account payee cheque or Bearer cheque as the necessary evidence were not in possession ofthe assessee.
I
SONU ENTERPRISES
O
Annexure - 9
Reference: Glaus* No. 34(a) of Form m„ , ^
Tax deduction
and collection Total amount of Totalamount on Totalamount on
Section Total amount on Amount of tax
Account Nature of payment payment or receipt of which tax was which tax was Amount of tax which tax was deducted or
Number (TAN) the nature specified required to be Amount of tax
deducted or collected deducted or deducted or collected not
in column (3) deducted or collected at specified rate out collected out of deducted or deposited to the
out of (4) collected at less collected on
of (5) (6) than specified rate credit of the
(8) Central
out of (7)
d) (2)
Government out |
(3) of(6)and(8)
(4)
RKTM02204G 194A (5)
Interest (6)
27,96,699.00 (7) (8)
RKTM02204G 194C 33,849.00 (9) (10)
Contract 33,849.00 3,385.00
RKTM02204G 14,02,61,965.69 14,05,67,834.69
192 14,05,67,834.69
Salary 15,86,214.00
RKTM02204G . 13,70,56.130 90
194J .1,88,36.295.00 . 1,88,36.295 00
Professional fep»s .5,61,591.00
1,63.794.00 75,000,00
75,000.00
SONU ENTERPRISES
Annexure - 10
Reference: Clause No. 34(c) of Form No. 3 CD
Amount paid
Amount of interest
Tax deduction and out of column
under section
collection Account (2) along with Date of Payment
201(1A)/206C(7) date of
Number (TAN)
is payable
payment.
RKTM02204G 4,655.00 4,655.00 30/08/2016
RKTM02204G 5,895.00 5,895.00 21/10/2016
RKTM02204G 16,971.00 16,971.00 24/05/2017
Total 27,521.00 27,521.00
r
r
^
SONU ENTERPRISES
BALANCE SHEET AS AT 31ST MARCH, 2017
(In Rs.)
Note As At 31st March As At 31st March
No. 2017 2016
Capital
Current liabilities
(a) Short Term Borrowing 4 1,38,03,082.41 1,91,32,883.17
(b) Trade payables 5 6,42,26,044.45 7,41,32,327.02
(c) Other current liabilities 6 1,05,61,298.76 1,47,06,067.20
-
ASSETS
Non-current assets
(a) Fixed assets
(i) Tangible assets 7 1,62,33,035.27 1,33,50,516.75
(b) Long-term loans and advances 8 1,94,24,086.11 2,19,93,556.89
(c) Non Current Investment 9 59,47,334.25 1,55,000.00
Current assets
a) Inventories 10 44,70,338.00
(b) Trade receivables 11 6,29,81,179.71 6,80,35,072.83
(c) Cash and cash equivalents 12 13,65,620.33 5,78,113.68
(d) Short-term loans and advances 13 1,89,17,605.25 1,89,03,918.62
TOTAL 8.92 12,30,16,178.77
Sarvesh A Gohil
Partner Partner Partner
M.No.135782
FRN. NO. 0112187W
Place: Jamnagar
Date:
Ui SEP
SONU ENTERPRISES
STATEMENT OF PROF.T AND LOSS FOR THE YEAR ENDED 3!ST, MARCH 20!7
(in Rs.)
Refer For the year ended
Particulars For the yea
Note 31 March 2017 31 March 201
Sarvesh A (
Partner
M.No. 135782
FRN. NO. 0112187W
Place: Jamnagar
Date:
The Financial statements are prepared under the accrual basis following the
historical cost convention in accordance with generally accepted accounting
principals (GAAP), and in accordance with the requirement of the Act and
Accounting Standards as specified in the Companies (Accounting Standards)
Rules, 2009 prescribed by the Central Government.
b. Valuation of Inventory : -
Effects of, events occurred after Balance Sheet date and having material
effect on financial statements are reflected in the accounts at appropriate
places.
d. Net Profit or loss for the period, prior period items and changes in
/^ accounting policies : -
Material items of prior period, non-recurring and extra ordinary items are
shown separately, If any.
e. Depreciation accounting : -
Depreciation has been provided under WDV Method as per Income tax Act.
f. Revenue Recognition :-
Fixed assets are stated at cost less accumulated depreciation. Cost comprises
the purchase price and any other attributable cost of bringing the asset to its
working condition for its intended use.
Capital Grants relating to specific fixed assets are reduced from the gross
value of the respective fixed assets and other capital grants are treated as
Capital Reserve.
j. Borrowing Cost :-
CA
Nl.No.
135782
»—- use. Mo,teborrowlnf2-J53 **J» MreMy for
k- Related Party Disclosure :-
Closing Balance
89,18,800.32 17,81,439.97
From Others
(i)Sundram Finance Ltd
3,05,999.00 78,535.00
Total
/
NOTES FORMING PART OF FINANCIAL STATEMNETS
Note 4 SHORT TERM BORROWING
Unsecured
Total
1,38,03,082.41 | 1.91.32.883.1
r Note 5 TRADE PAYABLES
^kulaTs-
As at 31st March 2017 IAs at 31st March 2016]
Tangible Assets
1,55,000.00
,
Total 59,47,334.25
Note 10 INVENTORIES
Particulars As at 31st March 2017 As at 31st March 2016
Finished Goods
44,70,338.00
(Valued at Lower of cost or NRV)
Total
,29,81,179.71 6,80,35,072.83
Total
9,81,923.73 52,751.87
b. Cash on hand
13,65,620.33 5,78,114.28
Total
~
1,81,38,022.40 1,46,38,688.89
A. Balance with Government Authorities
B. Others (specify nature)
6,55,496.85 42,04,295.75
Advance to Suppliers
1,24,086.00 60,933.98
Others
1,89,17,605725 1,89,03,918762
Total
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
Sale of Services
Works Contract Services 27,38,82,316.10 30,65,13,299.62
Total 30,65,13,299.62
Interest Income
Interest on FDR 81,258.00 -
Operating Expenses
Works Contract Exp. 13,73,90,989.69 15,37,56,252.60
Debit Notes 6,82,562.09 -
Establishment Expenses
Travelling Exp 2,02,530.00 2,100.00
24 Provision for Taxation has not been made in the books of accounts and the
Profit & Loss account as well as Balance Sheet figures is not representing
true and fair view to the extent.
(a) List of related parties with whom transactions have been taken
place and relationships:-