| |
|
|
|
|
|
|
|
AMOUNT RS
|
|
PARTICULARS
|
SCH
|
AS AT 31ST MARCH 2010
|
AS AT 31ST MARCH 2009
|
| I. SOURCES OF FUNDS: |
|
|
|
|
|
| 1.SHARE HOLDERS' FUNDS
|
|
|
|
|
|
| SHARE CAPITAL |
1
|
1,500,000
|
|
1,500,000
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
TOTAL
|
|
|
1,500,000
|
|
1,500,000
|
| |
|
|
|
|
|
| II.APPLICATION
OF FUNDS. |
|
|
|
|
|
| 1.FIXED ASSETS |
|
|
|
|
|
| a)GROSS BLOCK |
2
|
0
|
|
3,148,695
|
|
| |
|
|
|
|
|
| b)LESS:DEPRECIATION |
|
0
|
|
52,478
|
|
| |
|
|
|
|
|
| c)NET BLOCK |
|
0
|
|
3,096,217
|
|
| |
|
|
|
|
|
| d)CAPITAL WORK IN PROGRESS
|
|
0
|
0
|
0
|
3,096,217
|
| |
|
|
|
|
0
|
| 2. CURRENT ASSETS ,LOANS
AND |
|
|
|
|
|
| ADVANCES : |
|
|
|
|
|
| a)CASH & BANK BALANCES |
4
|
1,192,887
|
|
1,109,845
|
|
| b)LOANS & ADVANCES |
5
|
64,909
|
|
0
|
|
| |
|
1,257,796
|
|
1,109,845
|
|
| LESS: CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
| a)LIABILITIES |
6
|
47,155
|
|
2,981,498
|
|
| b) PROVISIONS |
|
0
|
|
|
|
| |
|
47,155
|
|
2,981,498
|
|
| NET CURRENT ASSETS |
|
|
1,210,641
|
|
(1,871,653)
|
| MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT WRITTEN OFF OR ADJUSTED |
7
|
|
|
|
|
| |
|
|
|
|
|
| PROFIT & LOSS A/C DEBIT BALANCE
|
|
|
289,359
|
|
275,436
|
| SIGNIFICANT ACCOUNTING POLICIES
& NOTES TO ACCOUNTS |
10
|
|
|
|
|
|
TOTAL
|
|
|
1,500,000
|
|
1,500,000
|
|
|
|
SCHEDULES REFERRED TO ABOVE FORM AN
INTEGRAL PART OF THE BALANCE SHEET
|
|
As per our attached Report of
even date
|
On behalf of the Board of Directors
|
For G.BASU & CO.
Chartered Accountants
|
|
|
|
Udayan Ray
Director
|
|
|
|
Deepak Guha
Director
|
|
|
|
Manoj Kumar Das
PARTNER
Basu House, 3, Chowringhee Approach
KOLKATA - 700 072
|
|
|
Kolkata, the 23rd Day of April ,2010
|
|
|
|
| NE CABLES LTD |
|
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH
2010
|
|
PARTICULARS
|
SCH NO.
|
PERIOD ENDED
31ST MARCH 2010 AMOUNT (RS)
|
PERIOD ENDED
31ST MARCH 2009 AMOUNT (RS)
|
| REVENUE : |
|
|
|
| OTHER INCOME |
8
|
87,845
|
73,261
|
|
TOTAL
|
|
87,845
|
73,261
|
| EXPENDITURE
: |
|
|
|
| EXPENSES ON EMPLOYEES |
|
0
|
0
|
| SELLING & ADMINISTRATION EXPENSES
|
9
|
44,001
|
67,771
|
| LOSS ON CANCELLATION OF LEASED
LAND |
9A
|
51,297
|
0
|
| MISCELLANEOUS EXPENSES WRITTEN
OFF |
|
0
|
0
|
|
TOTAL
|
|
95,298
|
67,771
|
| GROSS PROFIT |
|
(7,453)
|
5,490
|
| LESS: INTEREST |
|
|
|
| CASH PROFIT |
|
(7,453)
|
5,490
|
| LESS: DEPRECIATION/AMORTIZATION
|
|
6,470
|
52,478
|
| PROFIT BEFORE TAXATION |
|
(13,923)
|
(46,988)
|
| LESS: PROVISION FOR TAXATION
|
|
0
|
0
|
| PROFIT AFTER TAXATION |
|
(13,923)
|
(46,988)
|
| ADD :DEFERRED TAX |
|
0
|
0
|
| PROFIT/(LOSS) AFTER DEFERRED
TAX |
|
(13,923)
|
(46,988)
|
| ADD: PROFIT/(LOSS) BROUGHT
FORWARD |
|
(275,436)
|
(228,448)
|
| BALANCE CARRIED FORWARD
TO BALANCE SHEET |
|
(289,359)
|
(275,436)
|
| EARNING PER SHARE (BASIC)
|
|
(0.09)
|
(0.31)
|
| EARNING PER SHARE (DILUTED)
|
|
(0.09)
|
(0.31)
|
| SIGNIFICANT ACCOUNTING POLICIES
& NOTES TO ACCOUNT |
|
|
10
|
|
|
|
As per our attached Report of
even date
|
On behalf of the Board of Directors
|
For G.BASU & CO.
Chartered Accountants
|
|
|
|
Udayan Ray
Director
|
|
|
|
Deepak Guha
Director
|
|
|
|
Manoj Kumar Das
PARTNER
Basu House, 3, Chowringhee Approach
KOLKATA - 700 072
|
|
|
Kolkata, the 23rd Day of April ,2010
|
|
| |
|
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH
2010
|
|
|
(Rs. in Lacs)
|
(Rs. in Lacs)
|
|
|
PERIOD ENDED
31-03-2010
|
PERIOD ENDED
31-03-2009
|
|
A. CASH FLOW FROM OPERATING ACTIVITIES
|
|
|
|
Net Profit before Tax & Extra - ordinary
items
|
(13,923)
|
(46,988)
|
|
Adjusted for -
|
|
|
|
Depreciation charged to Profit & Loss
Account
|
6,470
|
52,478
|
|
(Profit) on sale of Fixed Assets (Net)/Loss
|
51,297
|
0
|
|
Profit on sale of Investment(Net)
|
0
|
(73,261)
|
|
Interest On Investment
|
|
|
|
Miscellaneous Expenditure Written off
|
|
|
|
Interest Expenses (Net of Capitalisation
)
|
|
|
|
SUB TOTAL
|
57,767
|
(20,783)
|
|
Operating Profit before Working Capital
Changes
|
43,844
|
(67,771)
|
|
Changes in Working Capital
|
|
|
|
(Increase)/Decrease in Trade and Other
Receivables
|
(64,909)
|
20,200
|
|
(Increase)/Decrease in Inventories
|
|
|
|
Increase/(Decrease) in Trade Payable
|
(2,934,343)
|
(974,078)
|
|
Net Changes in Working Capital
|
(2,999,252)
|
(953,878)
|
|
Cash Generated from Operations
|
(2,955,408)
|
(1,021,649)
|
|
Direct Tax (Net)
|
|
|
|
Cash Flow Before Extra - Ordinary Items
|
(2,955,408)
|
(1,021,649)
|
|
CASH FLOW FROM OPERATING ACTIVITIES
|
(2,955,408)
|
(1,021,649)
|
|
|
|
|
|
B.CASH FLOW FROM INVESTING ACTIVITIES
|
|
|
|
Purchase of Fixed Assets
|
0
|
0
|
|
Purchase of Investments/Fixed deposit
with bank
|
0
|
0
|
|
Sale of Fixed Assets
|
3,038,450
|
0
|
|
Sale of Investment (Net)
|
0
|
573,261
|
|
Profit on sale of Investment (Net)
|
|
|
|
Interest Received
|
|
|
|
NET CASH FROM INVESTING ACTIVITIES
|
3,038,450
|
573,261
|
|
|
|
|
|
C.CASH FLOW FROM FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
Proceeds of Equity Shares Application
Money
|
0
|
1,000,000
|
|
Proceeds of Preference Shares Application
Money
|
0
|
0
|
|
Increase in Borrowings (Net)
|
0
|
0
|
|
Preliminary & share issue expenses
|
0
|
0
|
|
Interest Paid
|
0
|
0
|
|
Tax paid
|
0
|
0
|
|
NET CASH FROM FINANCING ACTIVITIES
|
0
|
1,000,000
|
|
NET CHANGES IN CASH / CASH EQUIVALENTS
(A+B+C)
|
83,042
|
551,612
|
|
CASH & CASH EQUIVALENTS - OPENING BALANCE
|
1,109,845
|
558,233
|
|
CASH & CASH EQUIVALENTS - CLOSING BALANCE
|
1,192,887
|
1,109,845
|
|
NOTE :
|
|
1) Above statement has been prepared
in indirect method.
2) Cash and Cash Equivalents consist of Cash in hand
and balances with Banks
|
|
SCHEDULES REFERRED TO ABOVE FORM AN
INTEGRAL PART OF THE BALANCE SHEET
|
|
As per our attached Report of
even date
|
On behalf of the Board of Directors
|
For G.BASU & CO.
Chartered Accountants
|
|
|
|
Udayan Ray
Director
|
|
|
|
Deepak Guha
Director
|
|
|
|
Manoj Kumar Das
PARTNER
Basu House, 3, Chowringhee Approach
KOLKATA - 700 072
|
|
|
Kolkata, the 23rd Day of April ,2010
|
|
|
|
|
SCHEDULES TO THE BALANCE SHEET
|
|
|
|
PARTICULARS
|
AS AT
31.03.10
Rs.
|
AS AT
31.3.09
Rs.
|
|
1. SHARE CAPITAL
|
|
|
|
Authorised :
|
|
|
|
|
|
|
|
1,50,000 Equity Shares of Rs 10/- each
|
1,500,000
|
1,500,000
|
|
|
|
|
|
TOTAL
|
1,500,000
|
1,500,000
|
|
Issued and Subscribed :
|
|
|
|
1,50,000 Equity Shares of Rs 10 each
|
1,500,000
|
1,500,000
|
|
(1,00,000 Equity shares of Rs 10/- each(Sameas
on 31.3.2009) held by Nicco Engineering Services Ltd,the
Holding Co. & 49,930 Equity Shares(same as on 31.3.2009)
held by Nicco Corporation Ltd, the ultimate Holding
Co.)
|
|
|
|
|
1,500,000
|
1,500,000
|
|
|
|
2. FIXED ASSETS AS AT 31ST MARCH
2010
|
|
|
|
PARTICULARS OF ASSETS
|
GROSS BLOCK
|
DEPRECIATION
|
NET BLOCK |
NET BLOCK |
|
COST BOOK VALUE AS ON 1/4/2009
|
ADDITIONS DURING 1/4/2009 31/03/2010
|
LESS SOLD/ ADJUSTED DURING THE PERIOD
|
COST BOOK VALUE AS AT 31/03/2010
|
TOTAL AS ON 1/4/2009
|
PROVIDED DURING THE PERIOD
|
LESS SOLD/ DISCARDED/ ADJUSTED DURING
THE PERIOD
|
TOTAL AS AT 31/03/2010
|
AS AT 31/03/2010
|
AS AT 31/3/2009
|
|
LAND -LEASEHOLD *
|
3,148,695
|
-
|
3,148,695
|
-
|
52,478
|
6,470
|
58,948
|
-
|
-
|
3096217
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
-
|
|
|
TOTAL
|
3,148,695
|
-
|
3,148,695
|
-
|
52,478
|
6,470
|
58,948
|
-
|
-
|
3,096,217
|
|
PREVIOUS PERIOD TILL 31.03.2009
|
3148695
|
0
|
|
3,148,695
|
52478
|
0
|
0
|
52478
|
3,096,217
|
-
|
|
|
|
* Lease agreement of the AIIDC Land
stands cancelled and compensation against the land received
as on 15 May, 2009.
|
|
|
|
4. CASH & BANK BALANCS:
|
|
|
|
PARTICULARS
|
AS AT
31.03.10
Rs.
|
AS AT
31.3.09
Rs.
|
|
WITH SCHEDULED BANKS:
|
|
|
|
- IN CURRENT ACCOUNT WITH CANARA BANK
|
139,951
|
1,109,845
|
|
* IN FIXED DEPOSIT A/C WITH CANARA
BANK
|
1,052,936
|
0
|
|
TOTAL
|
1,192,887
|
1,109,845
|
|
* SHOWN UNDER CASH AND BANK BALANCE
|
|
|
|
5.CURRENT ASSETS,LOANS & ADVANCES
(UNSECURED,CONSIDERED GOOD) :
|
|
|
|
PARTICULARS
|
AS AT
31.03.10
Rs.
|
AS AT
31.3.09
Rs.
|
|
ADVANCES RECOVERABLE IN CASH OR KIND
OR FOR VALUE TO BE RECEIVED
|
|
|
|
*Interest Accrued on F/D but not due
|
64,569
|
|
|
STAFF ADVANCE
|
0
|
|
|
ADVANCE TO OTHERS
|
0
|
0
|
|
TDS Receivable on F/D Int.
|
340
|
|
|
TOTAL
|
64,909
|
0
|
|
* Interest accrued on FDs are accounted
for in this year on the basis of accrued amount.
|
|
|
|
6. CURRENT LIABILITIES & PROVISIONS:
|
|
|
|
PARTICULARS
|
AS AT
31.03.10
Rs.
|
AS AT
31.3.09
Rs.
|
|
INTEREST FREE SECURITY DEPOSIT FROM
DEALER
|
0
|
2,700,000
|
|
OTHER LIABILITIES
|
47,155
|
45,274
|
|
CURRENT A/C WITH NICCO CORPORATION
LTD
|
0
|
236,224
|
|
TOTAL
|
47,155
|
2,981,498
|
|
|
|
8.OTHER INCOME
|
|
PARTICULARS
|
Period Ended
31st March 2,010
AMOUNT (RS)
|
Period Ended
31st March 2,009
AMOUNT (RS)
|
|
PROFIT ON SALE OF INVESTMENTS
|
0
|
73,261
|
|
MISC. INCOME-Sale of Scrap
|
20,000
|
|
|
Interest accrued on F/D
|
67,845
|
|
|
TOTAL
|
87,845
|
73,261
|
|
|
|
9. SELLING & ADMINISTRATION EXPENSES
|
|
PARTICULARS
|
Period Ended
31st March 2,010 AMOUNT (RS)
|
Period Ended
31st March 2,009 AMOUNT (RS)
|
|
FILING FEES
|
4,600
|
13,539
|
|
BANK CHARGES
|
165
|
110
|
|
DIRECTORS FEES
|
8,000
|
8,000
|
|
AUDIT FEES (Incl. Service Tax)
|
6,618
|
13,422
|
|
GENERAL CHARGES
|
0
|
20,200
|
|
CERTIFICATION FEES
|
6,618
|
0
|
|
CONSULTANCY CHARGES
|
18,000
|
12,500
|
|
TOTAL
|
44,001
|
67,771
|
| |
|
