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Ozone Propex BS 31.03.10

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  AS ATAS ATSch31-03-201031-03-2009Rs.Rs.ISOURCES OF FUNDS :(1)SHAREHOLDERS' FUNDS :(a) Share Capital1 440,486,490 440,486,490  (b) Reserves & Surplus150,336,057 150,239,234 (2)LOAN FUNDS :2 (a) Secured Loans- 500,000,000 (b) Unsecured Loans6,730,669,301 6,376,747,921 TOTAL7,321,491,848 7,467,473,645 IIAPPLICATION OF FUNDS :(1)FIXED ASSETS : Gross Block3 66,338,550 62,826,478  Less : Depreciation Block18,621,515 12,589,418 Net Block47,717,035 50,237,060 (2)INVESTMENTS4 2,793,838,428 2,794,173,593  (3)CURRENT ASSETS, LOANS & ADVANCES :(a) Inventory5 430,562,768 566,215,891  (b) Sundry Debtors- - (c) Cash & Bank Balances6 19,469,316 3,660,033  (d) Loans and Advances7 4,797,542,753 4,072,457,110  (e) Other Current Assets8 27,933,962 87,775,074  5,275,508,799 4,730,108,108 Less : Current Liabilities & Provisions:(a) Liabilities9 784,709,689 98,298,110  (b) Provisions10 10,862,725 9,271,607  795,572,414 107,569,717  Net Current Assets4,479,936,385 4,622,538,391  (4)MISCELLANEOUS EXPENDITURE11 - 524,601  TOTAL7,321,491,848 7,467,473,645 Notes on Accounts15 As per our Report of Even DateFor CNGSN & Associatesfor Ozone Propex Private LimitedChartered AccountantsR ThirumalmaruganManaging DirectorDirector Partner Place: BangaloreDate: 12-08-2010Company Secretary Ozone Propex Private Limited # 38, Ulsoor Road, Bangalore -560 042 BALANCE SHEET AS ON 31-03-2010  For theFor theSchYear EndedYear Ended31-03-201031-03-2009Rs. Rs. INCOME :12 Revenue227,042,908 111,822,000 Interest Income (Net)103,875,719 - Dividend Income9,155 1,442,918 330,927,781 113,264,918 EXPENDITURE :(a) Construction and other Expenses14 188,357,986 187,554,068  (b) Decrease/(Increase) in Inventory13 135,653,122 (81,444,400)  324,011,109 106,109,668 (c) Preliminary Expenses Written Off524,601 544,246 (d) Depreciation6,246,940 6,012,307 330,782,650 112,666,221 PROFIT BEFORE TAX145,131 598,697 Less : Provision for Income Tax(16,046) - Less : Provision for Wealth Tax(32,262) (47,491) Less : Provision for FBT-PY- (476,950) PROFIT AFTER TAX96,823 74,256 Balance brought forward3,725,723 3,651,468 Balance Carried to Balance Sheet3,822,547 3,725,723 EPS: Basic/Diluted0.002 0.002 As per Our Report of Even DateFor CNGSN & Associatesfor Ozone Propex Private LimitedChartered AccountantsR ThrumalmaruganManaging DirectorDirector Partner Place: BangaloreDate: 12-08-2010Company Secretary Ozone Propex Private Limited # 38, Ulsoor Road, Bangalore -560 042 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2010  AS ATAS AT31-03-201031-03-2009Rs.Rs.SCHEDULE - 1 : a) CAPITAL :Authorised Share Capital520,00,000 Equity Shares of Rs.10/= each520,000,000 520,000,000 Issued, Subscribed and Paid-up4,40,48,649 Equity Shares of Rs.10/= each fuly paid up440,486,490 440,486,490 440,486,490 440,486,490 SCHEDULE - 1 : b) RESERVES & SURPLUSShare Premium Account- As per last Balance Sheet146,513,510 146,513,510 Profit & Loss Account:3,822,547 3,725,724 150,336,057 150,239,234 Schedule 2A: SECURED LOANS :Non Convertible Debentures- JM Financial Mutual Fund- 500,000,000 - 500,000,000 SCHEDULE - 2B : UNSECURED LOANS :0% Redemeble Optionally Convertible Debentures667,800,000 667,800,000 1% Optionally Fully Convertible Debentures2,013,900,000 2,013,900,000 Intercorporate Deposits3,098,770,578 3,093,405,000 Interest payable on ICD and Debenture934,301,866 588,111,031 Car Loans Under Hire Purchase Agreements3,164,291 5,518,544 Loan From Director12,732,566 8,013,346 6,730,669,301 6,376,747,921 SCHEDULE - 4 : INVESTMENTS :(Long Term - unquoted - valued at cost)Investment in Subsidiary Companies:1,75,00,000 Equity Sharesof Rs. 10/- in Ozone Properties Pvt Ltd175,000,000 175,000,000 52,25,136 Equity Shares in Ozone UrbanaInfra Developers Pvt Ltd1,437,364,543 1,437,364,544 10,000 equity Shares in Ozone Developers Bangalore Pvt Ltd.100,000 100,000 10,000 equity Shares of Rs.10/-in Ozone Leisure & Resorts Pvt Ltd.100,000 100,000 5,000 Equity shares of Rs.100/- each in Sri Hariram Hotels Pvt Ltd.56,991,841 56,991,841 15,00,000 Equity Shares of Rs. 10 each in Ozone Shelters Pvt Ltd.15,000,000 15,000,000 Investment in Associate Companies:6,22,16,577 Equity Shares of Rs. 10/- in Ozone Projects Pvt Ltd1,109,117,876 1,109,117,876 Others:Investment in Mutual Funds164,168 499,332 2,793,838,428 2,794,173,593 SCHEDULE - 5 : INVENTORY : Inventories (as valued at cost & certified by the Management) Project Work-in-Progress430,562,768 566,215,891 430,562,768 566,215,891 Ozone Propex Private Limited, BangaloreSCHEDULES TO BALANCE SHEET  AS ATAS AT31-03-201031-03-2009Ozone Propex Private Limited, BangaloreSCHEDULES TO BALANCE SHEETSCHEDULE - 6 : CASH & BANK BALANCES :Cash on Hand118,164 114,146 Balance with Scheduled Bank in Current Account18,774,435 3,045,887 Balance with Scheduled Bank in Deposit Account576,717 500,000 19,469,316 3,660,033  SCHEDULE - 7 : LOANS AND ADVANCES : (Unsecured & Considered Good) To Subsidiary Companies4,008,393,414 3,450,718,431 To Associate Companies715,804,033 548,083,779 Project Advances34,137,525 26,193,408 Staff Advances2,207,781 1,070,420 Other Advances37,000,000 46,391,072 4,797,542,753 4,072,457,110 SCHEDULE - 8 : OTHER CURRENT ASSETS :Rental and other Deposits13,863,770 13,414,330 Prepaid Expenses1,555,136 1,056,352 Income Tax Refundable14,355 63,832,301 Service Tax In put Credit12,500,701 9,472,091 27,933,962 87,775,074 SCHEDULE - 9: LIABILITIES :Sundry Creditors, Taxes & Salary Payable78,202,180 45,676,147 Other Liabilities704,000,000 - Advance received against sale2,507,509 52,621,963 784,709,689 98,298,110 SCHEDULE - 10: PROVISIONS:Provision for FBT (Net of Advance Tax)- 450,000 Provision for Gratuity3,889,651 3,128,192 Provision for Leave Encashment6,924,766 5,645,924 Provision for Income Tax16,046 - Provision for Wealth Tax32,262 47,491 10,862,725 9,271,607 SCHEDULE - 11 : MISCELLANEOUS EXPENDITURE :(To the Extent not written off or Adjusted)As per Last balance sheet524,601 1,068,847 Less : Written Off(524,601) (544,246) - 524,601 SCHEDULE - 12 : Income:Residenza POC Revenue227,042,908 62,122,000 Net Compensation Income- 49,700,000 Income From Mutual Funds9,155 1,442,918 Interest on Debentures/ICDS (Net) (TDS- 4,962)97,199,864 Other Receipts- Interest6,675,855 - 330,927,781 113,264,918 SCHEDULE - 13 : Increase/(Decrease) in Inventories:Closing Work in Progress430,562,768 566,215,891 Less: Opening Work in Progress(566,215,891) (484,771,491) (135,653,122) 81,444,400 
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