Variety Ply & Interiors (P) Ltd - 2013

Trial Balance 01-04-2013 To 31-03-2014

Account Debits Credits

Sundry Creditors 5,567,843.00

Sundry Debtors 3,667,786.00
Nett Purchase Incl Vat 36,594,548.55 *
Nett Sales Incl Vat 48,348,393.93 *
Salaries 1,785,059.00 *
Depriciation 2013-14 - Exp *
Audit Fees 39,326.00 *
Professional Tax 14,210.00 *
Stationery 1,787.00 *
Transport/Lorry Expenses 19,500.00 *
VAT 1,199,492.43 *
Loss from Sale of Vehicle 9,642.00 *
Advertisement & Publicity 500.00 *
Bad Debt 486,242.00 *
Bank Charges - HDFC 52,910.50 *
Bank Charges - SBI 3,212.50 *
Bank Interest on HDFC CC 662,148.00 *
BNI- Incentive 25,338.00 *
Bonus 67,000.00 *
Carriage Inward a/c. 39,800.00 *
Carriage Outward 42,682.00 *
Computor Maintenance 6,475.00 *
Discount 159,543.00
Donation 3,000.00 *
Electricity expenses a/c. 42,597.00 *
General exp. 23,294.00 *
Incentive from GMS 54,845.00
Income Tax Consulation Charges 500.00 *
Insurance - Mediclaim 15,069.00 *
Insurance Premium 51,065.00 *
Invertor Batteries 28,400.00 *
Petrol Expenses & Vehicle Repairs 20,024.00 *
Printing & Stationery exp. 6,441.00 *
Rent - HO Ameerpet 78,248.00
Rent - Miyapur Shop 1,693,495.00
TDS - Interest 8,180.00
Telephone Exp. 104,857.00
Vehicle Repairs 1,850.00
Depreciation 567,771.29
Cash 627,357.56
SBI-33483689970 158,849.50
HDFC Ameerpet 3,423.81
Deposit with Airtel Connection-Miyapu 1,000.00
Deposit with Pergo India (P) Ltd. 11,000.00
Deposit with R. Satyanarayana (Miyap 508,032.00
Deposit with R. Vinoda (Miyapur) 240,408.00
Deposit with Rama Chandra Mohan (M 255,960.00
Fund Transfer Ameerpet Branch 538,453.80
Fund Transfer Miyapur Branch 2,243,715.80
Assets Consolidated - Depriciation 0.00
Vehicle - Car Tata Manza 465,942.70
Computers 12,506.86
Office Equipment 5,218.53
Electrical Equipment 175,323.71
Furniture 379,895.45
Other Vehicles 42,037.96
Preliminery Expenses 24,250.00
Deferred tax Asset 131,637.00
Depreciation (2008-09)
Depreciation (2009-10)
Depreciation (2010-11)
Provisions for FBT(2008-09)
Provisions for Taxes (2010-11 438,980.00
Provisions for Taxes (2011-12 438,552.00
Provisions for Taxes (2012-13) 461,050.00
Reserves & Surplus (2008-09) *
Reserves & Surplus (2009-10) *
Reserves & Surplus (2010-11) *
Reserves & Surplus (2011-12)
Reserves & Surplus (2012-13) 4,633,350.00
Tax - Corporation Tax (2008-09)
Tax - Corporation Tax (2009-10)
Tax - Corporation Tax (2010-11) 500,000.00
Tax - Corporation Tax (2011-12) 438,552.00
Tax - Corporation Tax (2012-13) 375,000.00
Tax - Corporation Tax (2013-14) 325,000.00
TDS 2,375.00
O/S Business Promotion 150,969.00
O/S Professional Tax 2,160.00
O/s Rent to R. Satyanarayana 83,825.00
O/s Rent to R. Vinoda 39,667.00
O/s Audit Fees 39,326.00
Share Capital Account 2,620,000.00
Share Premium Account 3,780,000.00
Loan Vehicle - HDFC BANK LTD. 278,568.00
Loan - Pawan Kumar Agarwal 2,350,000.00
Loan - Praveen Kumar Agarwal 2,000,000.00
Suspense 1,228,460.42
Opening Stock (P/L) 18,924,050.00
Closing Stock (B/S) 14,908,000.00
Closing Stock (P/L) 14,908,000.00
Total (Rupees) 80,572,797.65 80,572,797.65

Total
88,121,986.15 88,121,986.15
0.00
 VARIETY PLY & INTERIORS PRIVATE LIMITED
DEPRECIATION STATEMENT UNDER SECTION 32(1) OF THE INCOME TAX AXT.

ADDITIONS DEPRECI-
SL . DESCRIPTION OPENING DELETIONS BEFORE AFTER TOTAL ATION CLOSING
NO. WDV 30.09.13 30.09.13 WDV

1 COMPUTERS 3,904 0 0 3,904 2342 1,562

2 ELECTRICAL
FITTINGS 188,850 0 0 188,850 28328 160,523

3 OFFICE
EQUIPMENT 5,523 0 0 5,523 828 4,695

4 FURNITURE &
FIXTURES 718,260 0 718,260 71826 646,434

5 MOTOR CAR 1,060,061 0 0 0 1,060,061 159009 901,052

6 OTHER VEHICLES 78,265 35,000 54,845 0 98,110 14717 83,394

TOTAL 2,054,863 35,000 54,845 0 2,074,708 277,050 1,797,658

DETAILS OF ADDITIONS TO FIXED ASSETS:

CAR 14.6.2013 54845

54845
 04.03.2014 35000

1,797,658 IT
1,080,925 Com
716,733
221470
131637
89833
RATE

60%

15%

15%

10%

15%

15%
 VARIETY PLY & INTERIORS PRIVATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014

Note No.9

GROSS BLOCK DEPRECIATION NET BLOCK

SL . DESCRIPTION AS AT DELETIONS ADDITIONS TOTAL AS AT FOR THE DELETION AS AT AS AT AS AT
NO. 01.04.2013 DURING AS AT 31.03.2013 YEAR 31.03.2014 31.03.2014 31.03.2013 RATE
THE YEAR 31.03.2014

1 COMPUTERS 176,252 0 176,252 155407 8,338 163,745 12,507 20,845 40.00% 20,845

2 ELECTRICAL
FITTINGS 399,268 0 399,268 195616 28,328 223,944 175,324 203,652 13.91% 203,652

3 OFFICE
EQUIPMENT 12,448 12,448 6386 843 7,229 5,219 6,062 13.91% 6,062

4 FURNITURE &
FIXTURES 1,190,452 1,190,452 726599 83,957 810,557 379,895 463,853 18.10% 463,853

5 MOTOR CAR 1,250,000 0 0 1,250,000 359273 424,784 0 784,057 465,943 890,727 25.89% 890,727

6 OTHER VEHICLES 82,517 35,000 54,845 102,362 38803 21,521 0 60,324 42,038 43,714 25.89% 43,714

TOTAL 3,110,937 35,000 54,845 3,130,782 1,482,086 567,771 0 2,049,857 1,080,925 1,628,851

PREVIOUS YEAR 2,360,937 0 750,000 3,110,937 1,005,239 476,847 0 1,482,086 1,628,851 1,355,698

OTHER VEHICLES 14.06.2013 54845 25.89% 263 10203

54845 10203

Loss on sale of asset

Asset value after dep 44642

less sale 35000
loss 9642
 VERIETY PLY & INTERIORS PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2014

As at As at
31.03.2014 31.03.2013
Rs. Rs.

2 SHARE CAPITAL

AUTHORISED :
240000 Equity Shares of Rs 10/- each 2400000 2400000
Total 2400000 2400000

ISSUED, SUBSCRIBED AND PAID-UP:

232000 Equity Shares of Rs 10/- each #REF! 2320000
Share Premium #REF! 4080000

Total #REF! 6400000

a Rights attached to equity shares:

The company has only one class of equity share having a Face value of Rs.10/-per share.Each holder
of equity share is entitiled to one vote per share.The company declares and pays dividends in Indian
rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders
in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive
remaining assets of the company, after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the shareholders.

b Details of shareholders holding more than 5% 31.03.2014 31.03.2013

shares in the company No's % in the class No's % in the class

Equity shares of Rs.10/- each fully paid

Praveen Kumar Agarwal 92500 39.87 92500 39.87

Pawan Kumar Agarwal 139500 60.13 139500 60.13
 VERIETY PLY & INTERIORS PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH , 2014

Note As at As at
PARTICULARS No. 31.03.2014 31.03.2013
Rs. Rs.

EQUITY AND LIABILITIES

Share holders funds
share capital 2 6400000 6400000
Reserves and Surplus 3 5570401 4633350

Non - Current Liabilities

Long Term Liabilities 4 4628568 714284
Long Term Provisions 5 1338582 1338582
Deferred Tax Liability 0 0

Current Liabilities
Short Term Borrowings 6 0 5664165
Trade Payables 7 5567843 10778769
Other Current Liabilities 8 2082861 442820
Short Term Provisions 0 0

Total 25588255 29971969

ASSETS
Non - Current Assets
Fixed Assets - Tangible 9 1080925 1628851
Non - Current Investments 0 0
Deferred Tax Asset 10 221470 131637
Long Term Loans and Advances 11 1640927 1315927
Other Non Current Assets 12 1035800 1290650

Current Assets
Current Investments 0 0
Inventories 13 14908000 18924050
Trade Receivables 14 3667786 5096323
Cash and Cash Equivalents 15 789631 253378
Short-term loans and advances 16 2243716 1331153
Other Current Assets 0 0

25588255 29971969

Significant Accounting Policies

Notes on Financial Statements 1 to 25

for and on behalf of the Board of Directors As per our report of even date
for Mahesh, Virender & Sriram
Chartered Accountants
Firms' Regn.No : 001939S

(Pawan Kumar Agarwal) (Praveen Kumar Agarwal)

Director Director (S.SRIRAM GOPAL)
Partner
M.No. 25484

Place : Hyderabad
Date : 05.09.2014
 VERIETY PLY & INTERIORS PRIVATE LIMITED

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH ,2014

Note year ended year ended

PARTICULARS No. 31.03.2014 31.03.2013
Rs. Rs.

INCOME
Revenue from operations 17 48348394 52284417
Other Income 18 189050 513524

Total Revenue 48537444 52797941

EXPENSES

Trading Expenses 19 36677031 49888702

Employee Benefits Expenses 20 1852059 2215440
Change in Inventories of Stock in Trade 21 4016050 -5413490
Administration & Other Expenses 22 3846014 3439460
Finance Costs 23 726451 873644
Depreciation & Amortisation Expenses 24 572621 481697

Total Expenses 47690226 51485453

Profit before Tax 847218 1312488

Provision for taxation:

- Current 0 461050
- Deferred (89,833) (48,204)

Profit for the year 937051 899642

Earnings as per Share of face Value of Rs.10/-each:

Basic & Dilute 4.04 3.88

Significant Accounting Policies

Notes on Financial Statements 1 to 25

for and on behalf of the Board of Directors As per our report of even date
for Mahesh, Virender & Sriram
Chartered Accountants
Firms' Regn.No : 001939S

(Pawan Kumar Agarwal) (Praveen Kumar Agarwal)

Director Director (S.SRIRAM GOPAL)
Partner
M.No. 25484

Place : Hyderabad
Date : 05.09.2014
 VERIETY PLY & INTERIORS PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS AS AT 31ST MARCH 2014

As at As at
31.03.2014 31.03.2013
Rs. Rs.
3 Reserves and Surplus

Opening balance: 4633350 3733708

Add : Net Profit for the year 937051 899642
Less: IT Adjustments 0 0

Total 5570401 4633350

Non current Liabilities

4 Long Term Liabilities

Car Loan - HDFC Bank Limited 278568 514284

Unsecured Loans 4350000 200000

Total 4628568 714284

5 Long Term Provisions

Income tax - 2010-11 438980 438980

Income tax - 2011-12 438552 438552
Income tax - 2012-13 461050 461050

Total 1338582 1338582

CURRENT LIABILITIES

6 Short Term Borrowings:

Cash Credit - HDFC Bank 0 5664165

(Hypothecation of Stocks & Book debts)

Total 0 5664165

7 Trade Payables

Trade Creditors 5567843 10778769

Total 5567843 10778769

8 Other Current Liabilities

Liability for Expenses 315947 442820

Other Liabilities 1766914 0

Total 2082861 442820

 VERIETY PLY & INTERIORS PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS AS AT 31ST MARCH 2014

As at As at
31.03.2014 31.03.2013
Rs. Rs.
NON CURRENT ASSETS

10 Deferred Tax Asset

Opening balance 131637 83433
For the year 89833 48204

Total 221470 131637

11 Long Term Loans and Advances

Prepaid taxes:

Advance Tax - 2013-14 325000 0

Advance Tax - 2012-13 375000 375000
Advance Tax - 2011-12 438552 438552
Advance Tax - 2010-11 500000 500000
Tax deducted at source-2010-11 2375 2375

Total 1640927 1315927

12 Other Non Current Assets:

Deposits
Rent Deposit 1015400 1265400
Telephone Deposit 1000 1000

Preliminery Expenses 19400 24250

(To the Extent not Written off)

Total 1035800 1290650

CURRENT ASSETS:

13 Inventories
(As taken, valued & Certified by the Management)

Finished Goods 14908000 18924050

Total 14908000 18924050

14 Trade Receivables
(Unsecured, considered good & Recoverable)
Outstanding for a period exceeding six months
Others 3667786 5096323

Total 3667786 5096323

15 Cash and Bank balances

Balances with Banks:
in Currents accounts 162273 0
Cash on Hand 627358 253378

Total 789631 253378

16 Short Term Loans and Advances

Other Advances 2243716 1331153

Total 2243716 1331153

 VERIETY PLY & INTERIORS PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014

As at As at
31.03.2014 31.03.2013
Rs. Rs.
INCOME

17 Revenue from Operations:

Sales 48348394 52284417

Total 48348394 52284417

18 Other Income

Discount Received 189050 513524

Profit on sale of Asset 0 0

Total 189050 513524

EXPENSES:

19 Changes in Inventories of Stock in Trade

Stock in Trade
Opening Stok 18924050 13510560
Closing Stock 14908000 18924050
Total 4016050 -5413490

20 Purchases of Stock in Trade

Purchases 36594549 49682469

Frieght - Inwards 39800 98950
Frieght - Outward 42682 107283

Total 36677031 49888702

21 Employee Benefit Expenses

Salaries 1485059 1740735

Directors Remuneration 300000 360000
Bonus 67000 109180
Staff Welfare 0 5525

Total 1852059 2215440

 VERIETY PLY & INTERIORS PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014

As at As at
31.03.2014 31.03.2013
Rs. Rs.

22 Other Expenses

Administrative Expenses:

Advertisement 500 20055

Office Expenses 58669 125131
Professional Fees 0 7000
Printing & Stationery 8228 16378
Telephone Expenses 104857 163298
Travelling & Conveyance 19500 19123
Rent 1771743 2305005
Postage 0 130
Electricity charges 42597 112297
Sales Tax 1199492 536052
Rates & Taxes 14210 21206
Vehicle Maintenance 21874 23191
Repairs & Maintenance 0 5595
Insurance 66134 53909
Audit Fees 39326 28090
Donation 3000 3000
Bad Debts 486242
Loss on sale of asset 9642 0
Total 3846014 3439460
23 Finance Cost

Interst 670328 785196

Bank charges 56123 88448

Total 726451 873644

24 Depreciation & Amortisation Expenses

Depreciation 567771 476847

Prelimimiery Expenses W/off 4850 4850

Total 572621 481697

0 0
1.75 2.51
*
240597