MAHESH, VIRENDER & SRIRAM

Chartered Accountants

TRIAL BALANCE AS ON 31.03.2013

RS.
Credits:

Share Capital:
B.R.Mahesh 669314
S.Sriram Gopal 627410
R.V.Chalam 22681
Standard Chartered Bank - Car loan 0
Axis Bank - Car Loan 0
O/s Audit Fees 0
O/s Job Works 180000
O/s Salaries 107000
O/s Exgratia 0
Advance from Clients
Professional Fees Received 7347977
E-Filing receipts 121500
Other Income 0

Total Credits 9075882

Debits:
Fixed Assets:
Computer 86420
Furniture 69137
Liabrary 70750
Telaphone & Fax 9184
Camera 8813
Air Conditioner 75663
Water Cooler 4953
Motor Cars 326884
Fridge 3055
Printers 15079
UPS 40439
Telephone Deposit 3000
Cash 17081
The Vysya Bank Limited 363066
The A.P State Co-op Bank Ltd 5461
Karur Vysya Bank Limited 9831
State Bank of India 0
Drawings - BRM 724667
Drawings - SRG 601207
Drawings - R.V.Chalam -2228
Travelling Advances 31832
Client suspense
Other Advances 25000
Interest Suspense
Tax Deducted At Source 434507
Advance Tax 40000
Fringe Benefit Tax
Salaries to Partners 2100000
Salaries 1607350
Exgratia 133000
Stipends 16000
Service Tax 516759
Professional Fees paid 282300
Office Expenses 207125
Fees, Rates & Taxes 0
Digital Signature Renewal expenses 4100
Sub Contract 212000
Job Works 180000
Internet charges 4940
Repairs & Maintenance 47600
Travelling & Conveyance 62873
Telephone Expenses 47459
Electricity Charges 53826
Computer Maintenance 17950
Bank Charges 4729
Printing & Stationery 88990
Books & periodicals 3105
Staff Welfare 53441
Rent 240000
Interest on Vehicle Loan 0
Mobile Charges 19191
Depreciation 158734
Seminar Expenses 2800

Subscriptions 12600
Professional Tax 8760
Insurance 4215
Audit Fees
Fringe Benefit Tax
Donations 0
Water Charges 22235
Total Debits 9075882
0
 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet
Hyderabad

Schedules forming part of Accounts as at 31.03.2013

Rs.

Current Liabilities

O/s Job Works 180000

O/s Salaries 107000

Total 287000

Current Assets, Loans & Advances:

Advance Tax 40000

Tax Deducted At Source 434507
Telephone Deposit 3000
Travelling Advances 31832
Staff Advance 25000

Total Current Assets, Loans & Advances 534339

Cash and Bank Balances:

Cash 17081
Bank balance - The Vysya Bank Ltd. 363066
Bank balance - The A.P State Co-Op Bank Ltd 5461
Bank balance - Karur Vysya bank Limited 9831

Total Cash and Bank Balances 395439

 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet
Hyderabad

Schedules forming part of Accounts for the 31.03.2013

year ended Rs.

Personel Expenses:

Salaries 1607350
Exgratia 133000
Staff Welfare 53441

Total Personel Expenses 1793791

Administrative Expenses:

Office Expenses 216165

Service Tax 516759
Repairs & Maintenance 47600
Travelling & Conveyance 62873
Stipends 16000
Insurance 4215
Telephone Expenses 47459
Electricity Charges 53826
Books & periodicals 3105
Membership Fees 12600
Seminar Fees 2800
Computer Maintenance 17950
Printing & Stationery 88990
Rent 240000
Mobile Charges 19191
Professional Tax 8760
Water Charges 22235

Total Administrative Expenses 1380528

Finance Charges:

Bank Charges 4729

Total Finance Charges 4729

 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet
Hyderabad

Profit & Loss account for the year ended 31.03.2013

Rs.

INCOME:

Professional Fees Received 7469477

Total Income 7469477

EXPENDITURE:

Professional Fees paid 282300

Subcontract Expenses 392000

Personnel Expenses 1793791

Administrative Expenses 1380528

Finance Charges 4729

Depreciation 158734

Total Expenditure 4012081

Book Profit 3457396

Less:Partners Remuneration 2100000

Net Profit 1357396

For Mahesh, Virender & Sriram Vide our report of even date
Chartered Accountants For Sastri & Shah
Chartered Accountants

(B.R.MAHESH) (C.PAVAN KUMAR)

Partner Partner

Place:Hyderabad
Date :26th September, 2013
 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet
Hyderabad

Balance Sheet as at 31.03.2013

Rs.

LIABILITIES:

Capital 1353154

Current Liabilities 287000

Total Liabilities 1640154

ASSETS:

Fixed Assets 710376

Current Assets, Loans and Advances 534339

Cash and Bank Balances 395439

Total Assets 1640154

For Mahesh, Virender & Sriram Vide our report of even date
Chartered Accountants For Sastri & Shah
Chartered Accountants

(B.R.MAHESH) (C.PAVAN KUMAR)

Partner Partner

Place:Hyderabad
Date :26th September, 2013
0
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46.29

18.17
0
Calculation of FBT

Staff Welfare 53441

Travelling & Conveyance 62873
Telephone Expenses 47459
Mobile Charges 19191
Interest #REF!
Interenet charges 0
Depreciation on car 131151
Total #REF!

20% #REF!
33.99% #REF!
less advan 20000

1st Q IInd Q 3rd Q 4th Q total

Travelling & conveyan 13180 2250 3500 9105 28035 1402

Staff Welfare 4116 16557 0 0 20673 4135

Telephones 10160 10213 10867 9917 41157 8231 56645

Mobile charges 3536 3626 5865 2461 15488 3098 56645

Insurance 0 0 0 0 0

Interest 38350 38350 7670 169501

Dep 32788 32788 32788 32788 131151 26230 169501

50600 63184 49520 83516 246819 50766
20% 10120 12637 9904 16703 49364
659 113 175 455 1402
10779 12749 10079 17158 50766
 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet, Hyderabad

Schedules forming part of Accounts as at 31.03.09

Rs.

FIXED ASSETS:

S.No. Description Rate Opening Deletions Additions Total

% W.D.V Before After
01.04.08 30.09.08 30.09.08
1 Office Equipment:

a) Computers 60% 45529 60150 53976 159655

b) Telephone & Fax 15% 20698 0 0 20698
c) Air Conditioners 15% 73614 0 0 73614
d) Liabrary 15% 24374 10350 9175 43899
e) Water Cooler 15% 1474 0 0 1474
f) Fridge 15% 6885 0 0 6885
g) Printers 15% 0 13800 13800

2 Furniture & Fixtures 10% 93509 0 0 93509

3 Vehicles:

a) Motor Cars 15% 874341 0 0 0 874341

b) Scooter 15% 346 0 0 346
c) Motor Cycle 15% 48737 37000 0 0 11737

Total 1189507 37000 70500 76951 1299958

Note: Depreciation Workings are as per provisions of Section 32(1) of Income Tax Act.

Details of Additions to Fixed Assets:

Particulars Date Amount
Rs.
1.Computer 07.07.2008 9650
26.09.2008 50500
07.03.2009 25000
12.03.2009 28976

Total 114126

2.Library 31.07.2008 6200

27.09.2008 4150
02.12.2008 5900
18.02.2009 3275

Total 19525
3.Printers 14.11.2008 13800

Total 13800
Depreci- Closing
ation W.D.V
31.03.09

79600 80055 *
3105 17593
11042 62572 *
5897 38002 *
221 1253
1033 5852 *
1035 12765

9351 84158 *

131151 743190
52 294
0 11737

242487 1057471
 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet, Hyderabad

Schedules forming part of Accounts as at 31.03.13

Rs.

FIXED ASSETS:

S.No. Description Rate Opening Deletions Additions Total Depreci- Closing

% W.D.V Before After ation W.D.V
01.04.12 30.09.12 30.09.12 31.03.13
1 Office Equipment:

a) Computers 60% 30050 11000 100000 141050 54630 86420

b) Telephone & Fax 15% 10804 0 0 10804 1621 9184
c) Air Conditioners 15% 52516 36500 0 89016 13352 75663
d) Liabrary 15% 69687 0 12450 82137 11387 70750
e) Water Cooler 15% 5827 0 5827 874 4953
f) Fridge 15% 3594 0 0 3594 539 3055
g) Printers 15% 7840 9900 0 17740 2661 15079
h) Camera 15% 10368 0 10368 1555 8813
i) UPS 15% 47575 0 47575 7136 40439

2 Furniture & Fixtures 10% 69431 0 7000 76431 7293 69137

3 Vehicles 15% 384569 0 0 0 384569 57685 326884

Total 644685 0 104975 119450 869110 158734 710376

Note: Depreciation Workings are as per provisions of Section 32(1) of Income Tax Act.
Details of Additions to Fixed Assets:
Particulars Date Amount
Rs.
1.Computer 26.06.2012 11000
15.03.2013 100000

Total 111000

2.Library 27.11.2012 7550

12.09.2013 4900

Total 12450

3.Air Conditione18.07.2012 36500

Total 36500

4.Furniture 10.02.2013 7000

Total 7000

5.Printers 13.09.2012 9900

Total 9900

6.UPS 15.09.2012 47575

Total 47575
Name : Mahesh, Virender & Sriram
Chartered Accountants
Address : 6-3-788/36 & 37A,
Ameerpet, Hyderabad
Status : Registered Firm
Year ended : 31.03.2011
Assessment Year : 2011-2012
PAN : AACFM 8813F
Range : 6

COMPUTATION OF TAXABLE INCOME

Income from Profession:

Net Profit as per Profit and Loss Account 1357396

Add: Items Considered Seperately

Depreciation 158734
Donations 1000
Partners Remuneration 1768000
3285129

Depreciation 158734
Less:Admissiable Partners Remuneration U/s 40 (b) 1768000

Gross Taxable income 1358396

Less:Deductions Under Chapter VI-A

Donations 1000 500
(Eligible Deduction @ 50%)
1357896

Tax Thereon @ 30% 407369

Add:Education Cess @ 3% 12221

419590

Less : Prepaid Taxes

i) Advance Tax:
Paid on 15.09.2010 50000
Paid on 10.12.2010 50000

ii) Tax deducted at source 358350

458350
Refund Due -38760

Signature of the Assessee

 35447073

12492981
1407766

4189200 11085215

1686000 2344423

2503200 2428590

1780738

4283938
38844397

37793928
76638325
33229552

6919293
402764

7322057

2360897 2866750

740976 940436

1619921 1926314

0
MAHESH, VIRENDER & SRIRAM Asst.Year : 2010-11
PAN : AACFM 8813 F

STATEMENT OF TAX DEDUCTED AT SOURCE

NAME OF THE COMPANY TDS
AMOUNT
A.R TRAVELS
ARTEMIS SYSTEMS PRIVATE LIMITED
ATLANTIC BPO
BHAIRAV FILMS
BHARAT DYNAMICS LIMITED
DIANA MEDICAL SERVICES PRIVATE LIMITED 7500
DECCAN GRAMINA BANK
EUROFLEX TRANSMISSIONS (INDIA) PVT.LTD 42363
ENLUME TECHNOLOGIES PVT.LIMITED
ELITE CONSTRUCYIONS
FALLON ULTRASONICS 40921
GLOBAL NEST TECHNOLOGIES PVT.LTD
HENRY MARTYN 3860
INTERCOOPERATION
INTERCOOPERATION SOCIAL DEVELOPMENT INDIA 2400
JYOTHI SPECTRO 3861
KWALITY INTERIORS PRIVATE LIMITED
KWALITY INSULATIONS
KVB - ABIDS 3971
KVB-SR NAGAR
LOTUS SHIELDERS (INDIA) PVT.LTD
MISHRA DHATU NIGAM LIMITED
MD OFFICE 4412
OXYGEN NETWORKS PVT.LTD
P.I INDUSTRIES LIMITED
P.VENKATESWARA RAO
P.M.RAGHURAM
PRIMCON
RAJASHREE MULTIMEDIA PRIVATE LIMITED
S.P SAMPATHY SIVA SIVANI EDUCATIOANL SOCIETY
SRI ADITYA HOMES PRIVATE LIMITED
S.S RUBBERS PRIVATE LIMITED 7170
SAI PROTEINS PRIVATE LIMITED
SHRI RAVITEJA RESTAURANTS & RESORTS
SRI SANTHIPRIYA MINERALS LTD
SUMO FOODS PRIVATE LIMITED
SURI RAMU
SURYA ENGINEERS
S.V.N RAVI KUMAR
UNION BANK 14477
VMF 3500
WASSAN
VENVET CHEMICALS PRIVATE LIMITED
VERTEX 5000
TOTAL 139435
 MAHESH, VIRENDER & SRIRAM
Chartered Accountants
Ameerpet,
Hyderabad

CAPITAL ACCOUNTS:

Schedules forming part of Accounts as at 31.03.2013

Rs.

S.No. Name of the Profit Balance Additions Partners Add: Less: Balance
Partner Ratio As at Remuner- Profit Drawings/ As on
% 01.04.12 ation Adjustments 31.03.13

1 B.R.Mahesh 45% 669314 0 720000 610828 1444667 555475

2 S.Sriram Gopal 45% 627410 0 720000 610828 1321207 637031

3 R.V.Chalam 10% 22681 0 600000 135740 597772 160648

4 P.Vamshi Krishna
Reddy 22279 60000 0 82279 0

Total 1341684 0 2100000 1357396 3445925 1353154

0