SRI JAYA FINANCE & INVESTMENTS PRIVATE LIMITED 151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017 NOTICE TO THE SHARE HOLDERS Notice is hereby given that the Annual General Meeting of the Company will be held at151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017 On Friday, the 29 th SEPTEMBER 2006 at 11 A.M. to transact the following businesses Ordinary Business- 1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31 st March, 2006 and Profit and Loss Account and the reports of Directors and Auditors thereon. 2. To appoint Auditors and to authorise the Board to fix their remuneration. Place: Chennai Date 02.09.2006 By Order of the Board SRI JAYA FINANCE & INVESTMENTS PRIVATE LIMITED Sd/- DIRECTOR Note :- 1. A member entitled to attend and vote at the meeting is entitled to appoint a Proxy to attend and vote instead of himself and such proxy need not be a member of the company. 2. Pursuant to Article No.10 of the Articles of Association of the Company Explanatory Statement is not required.
SRI JAYA FINANCE & INVESTMENTS PRIVATE LIMITED 151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017 To The Members, DIRECTORS REPORT Your directors have pleasure in presenting the Annual Report of the Company together with audited accounts for the financial year ended 31 st March 2006. OPERATIONS : The Company incurred a loss 0f Rs.36,186/- for the year BUSINESS PROSPECTS : Your directors are hopeful of a better performance in the coming year. PARTICULARS OF EMPLOYEES: As the provisions pursuant to Section 217 (2A) and Section 217 (1)(e) of the companies Act,1956, are not attracted to your Company, the Statutory Reports to be annexed in accordance with the aforesaid sections have been dispensed with. PARTICULARS OF TECHNOLOGY ABSORPTION, ENERGY CONSERVATION AND FOREIGN EXCHANGE EARNINGS AND OUTGO: Your Directors Report that your Company neither has any activities relating to conservation of Energy and Technology absorption nor has any Foreign Exchange earnings and outgo during the year under review.
DIRECTORS RESPONSIBILITY STATEMENT:- Pursuant to the provisions of Section 217 (2AA) of the Companies Act, 1956 your Directors report as under : a) That in the preparation of the annual accounts, the applicable Accounting Standards had been followed and there was no material departures from the same. b) That they had selected such accounting polices and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the Profit of the company at the end of the financial year. c) That they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities. d) The Directors had prepared the annual accounts on Going Concern basis. AUDITORS : V.Dasaraty, Chartered Accountant, Chennai is eligible for reappointment. The Board recommends his re-appointment for the next financial year. ACKNOWLEDGEMENT : Your Directors wish to express their sincere thanks and gratitude for the guidance and co-operation extended by the Members and Employees of the Company and Bankers. SRI JAYA FINANCE & INVESTMENTSPRIVATELIMITED Place :CHENNAI Date 02.09.2006 Sd/- DIRECTOR
VENKATESH & CO CHARTERED ACCOUNTANTS SRI RANGA 151,Mambalam High Road, T.Nagar,Chennai-600 017. Telefax:2814 4763/64/65/66 Email: venkateshandco@gmail.com AUDITORS REPORT TO THE MEMBERS OF SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED (1) I have audited the attached Balance Sheet and Profit and Loss account of SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED as at 31 st March 2006. These financial statements are the responsibility of the Company s management. My responsibility is to express an opinion on these financial statements based on my audit. (2) I conducted my audit in accordance with auditing standards generally accepted in India. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statement, assessing the accounting principles used in the preparation of financial statements, assessing significant estimates made by management in the preparation of financial statements and evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. (3)The Companies (Auditor s Report) Order, 2003 issued by the Company Law Board in terms of Section 227 (4A) of the Companies Act, 1956,is not applicable for this year. Further to my comments referred to in paragraph 3 above, I state that: a) I have obtained all the information and explanations which to the best of my knowledge and belief were necessary for the purpose of my audit. b) In my opinion, proper books of account as required by law have been kept by the Company so far as appears from my examination of such books. c) The Balance Sheet and Profit and Loss account referred to in this report is in agreement with the books of account. d) In my opinion, the Balance Sheet comply with the Accounting Standards referred to in Subsection (3C) of Section 211 of the Companies Act, 1956. e) On the basis of written representation received from the directors, and taken on record by the Board of Directors, I report that none of the directors is disqualified as on 31 st March 2006 from being appointed as a director in terms of clause (g) of subsection (1) of section 274 of the Companies Act, 1956.
VENKATESH & CO CHARTERED ACCOUNTANTS SRI RANGA 151,Mambalam High Road, T.Nagar,Chennai-600 017. Telefax:2814 4763/64/65/66 Email: venkateshandco@gmail.com f) The Company is not registered with the Reserve Bank of India as required under Section 45IA of the Reserve Bank of India Act, 1934. g) In my opinion and to the best of my information and according to the explanations given to me, the said Balance Sheet read together with the other notes and accounting policies give the information required by the Companies Act 1956, in the manner so required and give a true and fair view in conformity with the accounting principles accepted in India: (i) (ii) in so far as it relates to the Balance Sheet, of the state of affairs of the Company as at 31 st March 2006. in so far as it relates to the Profit and Loss account of the loss of the company for the year ended 31 st March 2006. Place: Chennai Date : 2-09-06 Sd/- V.DASARATY CHARTERED ACCOUNTANT
A. SOURCE OF FUNDS SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED BALANCE SHEET AS AT 31st MARCH, 2006 (Amount in Rupees) PARTICULARS SCH. 31.03.2006 31.03.2005 Share Capital A 100,000 100,000 Share Application Money - Pending Allotment B 86,860,000 72,860,000 Loan Creditors C 2,165,000 - TOTAL 89,125,000 72,960,000 B. APPLICATION OF FUNDS Advance for Land 2,800,000 - Advance for Investments C 54,225,000 36,400,000 CURRENT ASSETS ( i ) Balance with schedule bank on Current account D 11,701,414 246,470 Cash in Hand 86,500 86,500 Advances E 20,550,000 18,651,130 32,337,914 18,984,100 CURRENT LIABILITIES AND PROVISIONS ( ii ) Sundry Creditors 300,000 300,000 Out Standing Expenses 23,690 23,690 323,690 323,690 NET CURRENT ASSETS ( i ) - ( ii ) 32,014,224 18,660,410 MISCELLANEOUS EXPENDITURE TO THE EXTENT NOT WRITTEN OFF OR ADJUSTED Preliminary Expenses 5,240 5,240 PROFIT AND LOSS ACCOUNT - DR BALANCE Opening Balance 44,350 42,150 Add :- Loss for the year 36,186 2,200 80,536 44,350 TOTAL 89,125,000 55,110,000 NOTES ON ACCOUNTS F AS PER MY REPORT Sd/- PLACE :- Chennai V.DASARATY DATE :-2-09-06 CHARTERED ACCOUNTANT
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006 PARTICULARS 31.03.2006 31.03.2005 Schedule - A SHARE CAPITAL AUTHORISED CAPITAL 50000 Equity Shares of Rs.100/- each 5,000,000 5,000,000 ISSUED, SUBSCRIBED & PAID UP CAPITAL 1000 Equity Shares of Rs.100/- each Fully Paid 100,000 100,000 TOTAL 100,000 100,000 Schedule - B SHARE APPLICATION MONEY PENDING ALLOTMENT Dr.Namathu MGR 26,750,000 22,750,000 Jaya Printers 8,800,000 8,800,000 J. Farm House 3,500,000 3,500,000 Shri Jaya Publications 47,800,000 37,800,000 Sivakumar 10,000 10,000 TOTAL 86,860,000 72,860,000 Schedule - C LOAN CREDITORS CURIO AUTO MARK (P) LTD 2,000,000 - Lex Property Developers 165,000 - TOTAL 2,165,000 -
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006 PARTICULARS Schedule - D ADVANCE FOR INVESTMENTS 31.03.2006 31.03.2005 Fancy Transports Private Limited 30,725,000 36,400,000 Sri Hari Chandana Estates ( Private ) Limited 22,900,000 17,200,000 Signet Exports Private Ltd 600,000 600,000 TOTAL 54,225,000 36,400,000 Schedule - E ADVANCES Bharani Resorts 14,300,000 14,300,000 Maruthi transports pvt ltd 3,550,000 4,351,130 Cottage field resorts pvt ltd 2,500,000 - Idhayam homes & builders 200,000 - TOTAL 20,550,000 18,651,130 Schedule - D CASH AT BANK Canara Bank 11,651,414 196,470 ICICI Bank 50,000 50,000 TOTAL 11,701,414 246,470 Schedule - F ADMINISTRATION EXPENSES Bank Charges - - ROC Charges 26,186 - Audit Fees 10,000 - Printing & stationery - 2,200 TOTAL 36,186 2,200
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006 PARTICULARS 31.03.2006 31.03.2005 SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED Schedule - F Notes on Accounts The Company follows Merchantile system of Accounting for all items of Income & Expenditure
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE As per Part IV to Schedule VI to the Companies Act, 1956. I. REGISTRATION DETAILS Registration No. 2 8 5 3 5 STATE CODE 1 8 Balance Sheet Date 3 1 0 3 2 0 0 6 Date Month Year II. CAPITAL RAISED DURING THE YEAR (Amount in 000's) PUBLIC ISSUE RIGHTS ISSUE N I L N I L BONUS ISSUE PRIVATE PLACEMENT N I L N I L III. POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS TOTAL LIABILITIES TOTAL ASSETS 8 9 1 2 5 8 9 1 2 5 SOURCE OF FUNDS PAID UP CAPITAL PENDING ALLOTMENT RESERVE & SURPLUS 1 0 0 8 6 8 6 0 N I L UNSECURED LOANS 2 1 6 5 APPLICATION OF FUNDS Advance for land ADVANCE FOR INVESTMENTS 2 8 0 0 5 4 2 2 5 NET CURRENT ASSETS 3 2 0 1 4 0 5 MISCELLANEOUS EXPENSES ACCUMULATED LOSSES 8 0
IV. PERFORMANCE OF THE COMPANY TURNOVER TOTAL EXPENDITURE N I L 3 6 + -- PROFIT BEFORE TAX + -- PROFIT AFTER TAX -- 3 6 -- 3 6 EARNINGS PER SHARE (ANNUALISED) IN DIVIDEND RATE (-). 3. 6 N I L V. GENERIC NAMESOF THE THREE PRINCIPAL PRODUCTS / SERVICES OF COMPANY A) ITEM CODE NO. (ITC CODE) N A PRODUCT DESCRIPTION N A B) ITEM CODE NO. (ITC CODE) N I L PRODUCT DESCRIPTION N A PLACE : CHENNAI DATE :2-09-06 DIRECTOR DIRECTOR