Rabichakra/Ridarc J.V.

Khatyad, Mugu
Balance Sheet
As on Ashad End, 2078 ( July 15, 2021)

Particulars Schedules Current Year Previous Year

SOURCE OF FUND:

Capital & Reserve

Share Capital 1 100,000.00 100,000.00
Reserve & Surplus 2 81,714.75 69,895.50

Mid Term & Long Term Loan

Secured Loan - -
Unsecured Loan - -

Total Source of Fund 181,714.75 169,895.50

APPLICATION OF FUND:

Non-Current Assets
Fixed Assets 3 36,544.00 45,680.00

Current Assets, Advances & Deposits

Closing Stock 5 - -
Cash & Bank Balances 4 60,660.55 25,674.50
Sundry Debtors & Receivable 6 95,110.20 -
Advance & Deposit 7 - 143,779.00
Total Current Assets 155,770.75 169,453.50

Less: Current Liabilities & Provisions

Current Liabilities & Provisions 8 10,600.00 45,238.00
Short Term Loan 9 - -
Total Current Liablities 10,600.00 45,238.00

Net Current Assets 145,170.75 124,215.50

Total Application of Fund 181,714.75 169,895.50

Significant Accounting Policies & Notes to Account 11

As per our attached report of even date

_____________ _____________ ________________

Accountant Director Registered Auditor
Date:
Kathmandu
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Profit & Loss Account
For the year Ashad end, 2078 (15 July, 2021)

Particulars Schedules Current Year Previous Year

Sales 2,148,020.00 2,093,537.00

Less: Cost Of Good Sold 9 2,050,650.00 1,939,320.00
Gross Profit 97,370.00 154,217.00

Add: Other Income - -

Gross Operating Profit 97,370.00 154,217.00

Administrative Expenses 10 72,475.00 61,023.00

Profit Before Depreciation & Interest 24,895.00 93,194.00

Depreciation 9,136.00 -

Profit Before Intrest &Tax 15,759.00 93,194.00

Interest Expenses - -

Net Profit Before Tax 15,759.00 93,194.00

Provision for Tax:
Current Tax 3,939.75 23,298.50
Deferred Tax

Balance Transferred to Reserves & Surplus 11,819.25 69,895.50

Significant Accounting Policies & Notes to Account 11

As per our attached report of even date

_____________ _____________ _________________

Accountant Director Registered Auditor
Date:
Kathmandu
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Cash Flow Statement
For the year Ashad end, 2078 (15 July, 2021)

Particular Current Year Previous Year

A) Operating Activities:
Profit & Loss 11,819.25 69,895.50
Depreciation 9,136.00 -
Other Non Cash Expenses - -
Operating Profit before change in Working Capital 20,955.25 69,895.50
Change in Working Capital
Decrease/ (Increase) in Current Assets 48,668.80 (143,799.00)
(Decrease) / Increase Current Liabilities (34,638.00) 45,238.00
Net Cash Flow From Operating Activities 34,986.05 (28,665.50)

B) Investment Activities :
Share Purchased - -
Fixed Assets Purchased - (45,680.00)
Nett Cash Flow From Investment Activities - (45,680.00)

B) Financing Activities :
Issue Share Capital - 100,000.00
Increase /Decrease In Loan - -
Dividend Paid -
Nett Cash Flow From Financing Activities - 100,000.00

Total Cash Flow 34,986.05 25,654.50

Opening Cash balance 25,654.50 -

-
Closing Cash & Bank Balance 60,640.55 25,654.50

As per our attached report of even date.

_____________ _____________ ________________

Accountant Director Registered Auditor
Date:
Kathmandu
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Statement of Changes in Equity
For the year Ashad end, 2078 (15 July, 2021)

Share General Accumulated

Particulars Share Capital Total
Premium Reserve Profit
Balance as at Ashad 31, 2077 100,000.00 - - 69,895.50 169,895.50
Change in accounting policy - - - - -
Restated Balance 100,000.00 - - 69,895.50 169,895.50
Net profit for the period - - - 11,819.25 11,819.25
Transfer to general reserve - - - - -
Dividend - - - - -
Issue of Share Capital - - - - -
Balance as at End Ashad, 2078 100,000.00 - - 81,714.75 181,714.75

_____________ _____________ _________________

Accountant Director Registered Auditor
Date:
kathmandu
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Schedules forming part of Balance Sheet as at 31st Ashad 2078 (July 15, 2021)
Schedule- 3
Fixed Assets

Additions/
Opening Balance Total Depreciable Depreciation for the Net Block as on 31st
Particulars Dep. Rate (Deletions)
Depreciation Base base for FY 2077/78 Year Ashad 2078
During year
BLOCK "A"
Land 0% - - - - -
Building & Civil Constructions 5% - - - - -

BLOCK "B"
Furniture & Fixture 25% - - - - -
Office Equipments 25%
Computer & Accessories 25% - - - - -
- - - - -
BLOCK "C"
Vehicles 20% - - - - -

BLOCK "D"
Plant & Machienry 20% - - - - -
Construction Tools & Equipment 20% 45,680.00 - 45,680.00 9,136.00 36,544.00
Other Assets 20% - - - - -
45,680.00 - 45,680.00 9,136.00 36,544.00

Grand Total 45,680.00 - 45,680.00 9,136.00 36,544.00

As per our attached report of even date.

_____________ ___________________
Accountant Director Registered Auditor
Date:
Kathmandu
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Schedules forming part of Balance Sheet as at 31st Ashad 2078 (July 15, 2021)

Share Capital Schedule-1

Particulars Current Year Previous Year

Paid Up Capital 100,000.00 100,000.00
100,000.00 100,000.00

Reserve & Surplus Schedule-2

Particulars Current Year Previous Year

Up to Last Year Profit/Loss 69,895.50 -
Less: This Year Profit / Loss 11,819.25 69,895.50
81,714.75 69,895.50

Cash & Bank Balances Schedule-4

Particulars Current Year Previous Year

Cash & Bank Balance ( Certified By Director ) 60,660.55 25,674.50
60,660.55 25,674.50

Closing Stock Schedule-5

Particulars Current Year Previous Year

Closing Stock (As certified by the Management) - -
- -

Sundry Debtors & Receivable Schedule-6

Particulars Current Year Previous Year

Sundry Debtors 95,110.20 -
Other Receivables -
95,110.20 -

Advance & Deposit Schedule-7

Particulars Current Year Previous Year

Advance Income Tax - 31,403.00
VAT - 112,376.00
- 143,779.00

Current Liabilities & Provisions Schedule-8

Particulars Current Year Previous Year

Tds On Audit Fee 150.00 66.00
Audit Fee Payable 9,850.00 4,934.00
TDS On Office Rent 600.00 100.00
TDS Payable - 27,983.00
TDS On Wages - 155.00
Other Payable - 12,000.00
10,600.00 45,238.00
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Schedules forming part of Income Statement for the year ended, 2078 (July 15, 2021)

Cost Of Sales Schedule-9

Particulars Current Year Previous Year

Opening Stock - -
Add:-Direct Expenses
Purchase 2,050,650.00 1,939,320.00
Wages - -
2,050,650.00 1,939,320.00

LESS: Closing Stock - -

2,050,650.00 1,939,320.00

Administrative Expenses Schedule -10

Particular Current Year Previous Year

Audit Fee 10,000.00 5,000.00
Office Rent 6,000.00 1,000.00
Newspaper & Magazine 2,575.00 1,345.00
Printing & Stationery Expenses 7,250.00 2,450.00
Travelling Expenses 12,930.00 7,480.00
Tea & Snacks 11,720.00 22,423.00
Registration & Renewal Fee - 4,500.00
Miscellaneous Expenses 14,500.00 1,345.00
Telephone & Communication Expenses 7,500.00 -
Wages - 15,480.00
72,475.00 61,023.00
 Rabichakra/Ridarc J.V.
Khatyad, Mugu
Schedules forming part of the Accounts for the year ended, 2078 (July 15, 2021)

Significant Accounting Policies & Notes to the Accounts Schedule-11

A) General information
Rabichakra /Ridarc J.V. (613273411) is a limited liability company domiciled in Nepal.
The Registered Office address of company is Kathmanu, Nepal.

B) Significant Accounting Policies:

The principal accounting policies applied in the preparation of these financial statements are set out
below:
1. Accounting Convention:
Financial Statements are prepared under historical cost convention on an accrual concept and
are in accordance with Nepal Accounting Standards and Others as applicable under prevalent
Laws of Nepal

2. Going Concern:
The Financial Statements have been prepared on the assumption that the company is a going
concern.

3. Fixed Assets:
Fixed assets has been stated at cost of acquisition or installation including all expenses incurred
in putting the assets to use.

4. Depreciation:
Depreciation has been charged on Written Down Value method at the rates & method prescribed
under Income Tax Act, 2058.

5. Cash & Cash Equivalents:

For the purpose of the cash flow statement, cash & cash equivalents comprise cash in hand
and deposits held in bank in current accounts.

6. Provisions
A provision is recognised in the balance sheet when the firm has a legal or constructive obligation
as result of a past event, and it is probable that an outflow of economic benefits will be required to
settle the obligation.

7. Sundry creditors & other payables

Sundry creditors & other payables are stated at their cost.

8. Revenue:
Revenue is recognised on accrual basis.

C) Notes to the Accounts :

1. Income Tax:
Provision for Income tax has been made as per Income Tax Act.

2 Regrouping :
Previous year's figures have been regrouped/rearranged wherever necessary.

3 Schedule 1 to 11 form an integral part of Balance Sheet and Profit & Loss Account