deccan bearings -2006

8/8/2019 Deccan Bearings -2006

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.DECCAN BEARINGS LIMITED IBALANCE SHEET AS AT 31ST MARCH, 2006

SCHEDULE

SOURCES OF FUNDS:1. SHARE HOLDER'S FUNDS:{a} Share Capital{b} Reserves and Surplus2.LOAN FUNDS:{a} Secured Loan{b} Unsecured Loans

3.DEFERRED TAX LIABILITY4.TOTAL FUNDS EMPLOYED

APPLICATION OF FUNDS5.FIXED ASSETS{a} Gross Block{b} Less: Depreciation{c} Net Block

6.iNVESTMENTS :7.CURRENT ASSETS,LOANS AND ADVANCES{a} Inventories{b} Sundry Debtors{c} Cash and Bank Balances{d} Loans and Advances8.LESS:CURRENT LIABILITIES AND PROVISIONS:{a}Current Liabilities 11{b}Provisions 12

9.NET CURRENT ASSETS:10.MISCELLANEOUS EXPENDITURE 13( to the extent not written off or adjusted)11. TOTAL FUNDS UTILISEDNOTES TO ACCOUNTSAs per our attac~ed Report of even dateFor D.V.VORA&CO. .Chartered AccountantsSd/.{D.V.VORA}ProprietorMumbai, Dated: 25th August, 2006

12

34

5

678910

19For and on behalf of the Board

SdI-KIRAN N. VORAManaging Director

SdI-ABHAY V. KOTHARIExecutive DirectorMumbai, Dated: 25th August, 2006

13

As at 31st As at 31stMarch,2006 March,2005

Rupees Rupees Rupees

. 21,833,340 21,833,340. 19,846,204 22,303,232

41,679,544 44,136,572492,377 6,714,879

4,252,062 4,375,0004,744,439 11,089,8793,740,694 3,578,689

50,164,677 58,805,140

50,401,479 55,512,25028,831,143 30,197,91321,570,336 25,314,337

24,700 24,70015,295,686 15,356,11522,746,861 33,851,248

567,020 730,6417,924,316 6,510,12446,533,883 56,448,12813,497,442 19,541,0254,470,000 3,445,00017,967,442 22,986,025

28,566,44.1 33,462,1033,200 4,000

50,164,677 58,805,140


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I DECCAN BEARINGS LIMITED 'ISCHEDULES FORMING PART OF THE BALANCESHeET

" Ru~sAs at 31stMarch,2008Rupees

SCHEDULE 1SHARE CAPITAL:AUTHORISED :32,50,000 EQUITYSHARES OF Rs. 101..EACHISSUED, SUBSCRIBED &PAID UP :21,83,334 EQUITY SHARES OF Rs 101-EACH

32,500,000

As at 31stMarch,2oo5Rupees

32.500,00021,833,34021,833,340 21,833,34021,833,340

of the above{i} 11,37,500 Equity shares are allotted as fullypaidup, byway of Bonus Shares by Capitalisation of amounts out ofGeneral Reserves and Profit and Loss Account.SCHEDULE 2RESERVES & SURPLUS{1}CAPITALRESERVE:{a}[ CENTRAL &STATE SUBSIDY FOR PROJECTIN BACKWARDAREA.]{b}REVALUATIONRESERVESLESS:TRANSFERED FROM PROFIT AND LOSS ACCOUNT

i] FOR ADJUSTED DEPRECIATION

{2} SECURITY PRJ:MIUM{3} GENERAL RESERVES:OPENING BALANCE:{4} PROFIT AND LOSS ACCOUNT. AFTER APPROPRIATIONS

SCHEDULE 3SECURED LOAN{a}FROM SCHEDULED BANK:CASH CREDIT ACCOUNT WITHSTATE BANKOF INDIA{SECURED AGAINST HYPOTHECATION OF STOCK AND BOOKDEBTS '&PERSONAL GUARANTEE OF PROMOTER DIRECTORS.}

492,377 6,714,879

492,377 6,714,879

SCHEDULE4 . .UNSECURED LOANS ""{a} FROM $HAREHOl:.DERS{b}INTER CORPORATE DEPOSIT{c} FROM OTHERS

1,735,0002,317,062200,0004,252,062

1,735,000'2,440,000200,0004,375,000

16

1,993,298 1,993,2984,533,968 4,764,049230,080 230,0804,303,888 4,533,969

6,000,000 6,000,000

6,850,000 .6,850,000699,018 2,925,96519,846,204 22,303,232


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ANBEARINGSLIMITED ]SCHEDULES FORMING PART OFTHE BALANCE SHEET

HEDULE 5

.

AJLand. Factory Build ing, Plant & Machinery & Staff Quarters had been revalued as on 31st March.1996. Approved valuers were appointed for the same purpose. As per their valuation reportbased current replacement cost of such Land,Factory Build ing. Plant & Machinery & Staff Quarters at Halol,there had been an Increase Inthe book value of assets amounting toRs. 3.43.59,695/- which had been added to Land, Factory. Build ing, Plant & Machinery & Staff Quarters at Halol and credited to Revaluation Reserve Account

BJPlant & Machinery has been revalued as on 31st March,2003. Approved valuers were appointed for the same purpose. As per their valuation report based on current replacement cost ofPlantat Halol,therehasbeendecrease in the book valueof Plant& Machinery amountingto Rs. 1,71,91,702/- which has been reduced f rom Plant & Machinery at Halol and debi ted toRevaluation Reserve Account.

Deprec iation f or the year Includes Rs.2,30,080/- pertaining to revalued Amount.

GROSSBLOCK DEPRECIATION NET BLOCKDESCRIPTIONF ASON ADDITIONS DEDUCTION ASON ASON DEDUCTION FORTHE ASON ASON ASON. ASSETS 01.04.2005 & 31.03.2006 31.03.2005 & YEARENDED 31.03.2006 31.03.2006 31.03.2005ADJUSTMENT ADJUSTMENT ON 31.03.2006Rs. Rs. Rs. Rs. Rs. Rs. Rs.. Rs. Rs. Rs.LAND

LEASEHOLDLANDATHALOL 1139606 0 1139606 0 0 0 0 1139606 1139606BUILDINGa) ATHALOL 12370953 12370953 4129151 413190 4542341 7828612 8241802b)AT BARODA(POR) 2956759 0 2956759 0 0 2956759 2956759PLANT&MACHINERY 30465329 291200 4559266 26197263 21561963 2i97156 1341126 20105933 6091330 8903366ELECTRICALINSTALLATIONS 1026737 9400 1036137 770495 72922 843417 192720 256242FURNITUREFIXTURES 2092913 0 2092913 1165380 132481 1297861 795052 927533

VEHICLES 3200678 5485 0 3206163 1197991 0 304585 1502576 1703587 2002687OFFICEEQUIPMENTS 771339 30395 801734 372297 55030 427327 374407 399042STAFFQUARTERS 461906 0 461906 80371 7529 87900 374006 381535COMPUTERS 1026030 28420 916405 138045 920265 916405 19928 23788 114257 105765TOTALRs. 55512250 364900 5475671 50401479 30197913 3713561 2346791 28831143 21570336 25314337PREVIOUSYEAR 58797251 153473 3438474 55512250 29517032 2109082 2789963 30197913 25314337 29280219


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I DECCAN BEARINGS LIMITED 1" ",$CHEDULESFORMINGPARTGFnte~SMEET

Rupees "As at 31stMarch.2008

Ru~'As at 31stMarch,2oo5

RupeesSCHEDULE 6INVESTMENTS ( AT COST){i}QUOTED182 EQUITYSHARES OF Rs.10/- EACH OF ASEA BROWN BOVERI LTD.

(MARKETVALUERs.3506501- ; PREVIOUS YEAR Rs.6489OO1-) ,{ii} UNQUOTED ,1000 EQUITYSHARES OF RS.10/- EACHOF KANSARA BEARINGS LTD.1000 EQUITYSHARES OF Rs.101- EACHOF KANSARAMODLER LTO.{iii}6 YEARS,NATIONALSAVINGS CERTIFICATE( DEPOSITED WITH GOVERNMENTAND LOCALAUTHORITY.)

CURRENT ASSETS,LOANS &ADVANCESSCHEDULE 7'INVENTORIES( AS VALUEDAND CERTIFIED BYDIRECTORS){1} RAW MATERIALS{2} FINISHED GOODS{3} WORK-IN-PROGRESS{4} STOCK-IN-TRADE{5} PACKAGING MATE~IALS

2,399,090175,878, 2,565,5049,214,918940,296

SCHEDULE 8SUNDRY DEBTORS( UNSECURED CONSIDERED GOOD )OVER SIX MONTHSBELOW SIX MONTHS &OTHERS 1,448,21721,298.644

SCHEDULE 9CASH AND BANKBALANCES{a}CASH AND CHEQ~S .INHANDAND, INTRANSIT{b}WITH SCHEDULED BANK(i) INCURRENT ACCOUNTS(ii) INMARGINMONEYACCOUNT

260,752

282,66823,600

SCHEOULE10LOANS &ADVANCES( UNSECURED CONSIDERED GOOD){A}ADVANCE RECOVERABLE INCASH OR IN~NO OR FOR VALUE TO BE RECEIVED{B}QUE FROM EMPLOYEES "(C) ADVANCE PAYMENT AGAINST TAXES{D}SUNQRYDEPOSITS'

3,208,778 .580,8463,956,475178,217

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15,295,686

4,507,354528,0632.028,616;8.684;829

" '809,25315,356,115

22,746,8612,119,90531,,731,34333,851,248

267,626

567,029439,415. 23,600 .730,641

7,924,31646,533i883

3,063,868422,4912,846,420177,3456,510,12456.448,128

3,600 3,600

16,000 16,0004,000 4,0001,100 1,10024,700 24,700


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(DECCANBEARINGS UIllTED LSCHEOULESFORMtNGPMT OF:TNE"8At..ANCE SHEET

SCHEDULE11CURRENTLIABILITIESSUNDRYCREDITORS{a} FORGOODS{b}FOREXPENSES&OTHERS{c}ADVANCEFROMCUSTOMERS{d}FORCAPITALGOODS

SCHEDULE12PROVISIONS{a}PROVISION FOR INCOME TAX{b}PROVISION FOR FRINGE BENEFIT TAX

", 4,145,000325,000 3,445,0004,470,00017,967,442 22.986,025

SCHEDULE 13IiuscELLANEOUS EXPENDITURE. (to lie extent notwrittenoffor adjusted)SHARE Issue EXPENSES 4,000 4,800

LESS:WRITTENOFFDURINGTHEYEAR 800 3,2003.200 '!I'

8004,000- ---~

As at 31st As at 31stMarch,2006 March,2005Rupees Rupees , . Rupees

5,762,003 6,795,2446,997;728 ' 11,238,485737 ;711 117,f)64.' ; 790,232. 1;491.,442 19,541.025


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~ECCAN BEARINGS UMITED 1BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSfNESSPROFILE

I. Registration DetailsRegistration No.Balance Sheet Date

State Code OIJ]~.-35747

~Date Month YearII. Capital Raised during the year (Amount in Rs. Lacs)

. Public IssueCIIIIJ:mTI] ~LLLLLL&!.lliPrivate Placementc:r::r:IIJIDJTIBonus Issuec::o::crJillITI

III.Position of MobiIisationand DepIo~ offunds(~ in Lacs)TotalLiabilitiesITI~IHliliJ~~~u..=pplicationOfFunds NetFixedAssets~~~~~

IV.Performance of company (Amount in Rs. Lacs)Turnover . ~~ ~

+/- Profit Before Tax +/- Profit After Tax-~ -ITIIHIili]~ DividendRate"-~=V. Genetic Namesof Three~ofCompany (as per~ItemCode No. ~ (ITC Code) ~

Product Description

Source of Funds

Total AssetsCIR!GTIili]~~Unsecured lo8ne~Investnl80t~Net CUrrent A1ssets~Accumulated Losses=

As per our attached Report ofeven dateFor D. V. VORA&CO.Chartered AccountantsSdI-

For and on behalf of the BoardSdI-

KlRAN N. VORAManaging Director

(D.V.VORA)Properietor

SdI-N:JhayV. KothariExecutive Director

M~, Dated:25th August, 2006 Mumbai, Dated: 25th August, 200627

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deccan bearings -2006

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