M/S HIS AND HERS (INDIA) APPARELS PVT. LTD.

BALANCESHEET AS ON 31ST MARCH 2009.

PARTICULARS SCH 31.3.2009 31.3.2008

SOURCE OF FUNDS
A. Share Holders funds
Share Capital 1 100,000 100,000

B. Reserve & Surplus

Reserve 2 369,923 367,877

C. Loan Funds
Unsecured Loans 3 2,198,486 2,007,362

D. Deferred Tax Provision 16,598 17,882

Total 1+2+3 2,685,007 2,493,121

APPLICATION OF FUNDS

A. Fixed Assets
Gross Block 4 2,427,466 2,345,756
Less: Depreciation 1,075,714 877,835
Total 1,351,752 1,467,921
B. Current Assets, Loans & Advance
1) Inventories 5 60,350 95,845
2) Sundry Debtors 6 1,006,982 1,066,006
3) Cash & Bank Balance 7 256,473 133,291
4) Loans & Advances 8 406,693 241,838
5) Deposit 9 - 8,000
Total 1,730,498 1,544,980

C. Current Liabilities & Provisions

1) Current Liabilities 10 352,437 447,543
2) Provision 11 48,753 76,622
Total 401,190 524,165
B-C 1,329,308 1,020,815
D. Miscellaneous Expenses
Preliminiery Expenses 3,947 4,386
(To Extent of not written off or adjusted
profit & loss account)
Total 3,947 4,386
2,685,007 2,493,122
NOTES TO ACCOUNTS -
As per our Report of even date
for V.C.DARJI & ASSOCIATES for HIS & HERS(INDIA) APPARELS PVT. LTD.
CHARTERED ACCOUNTANTS

(VIJAY DARJI) (Director)

MUMBAI KIRIT CHANDARANA
03/09/09

M/S HIS AND HERS (INDIA) APPARELS PVT. LTD

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2009

31.3.2009 31.3.2008
INCOME
Sales (net) 12 4,497,889 4,354,263
Other Income(Discount) 13 69,474 2,992
Total 4,567,363 4,357,255
EXPENDITURES
Raw material consumed 14 952,359 977,183
Manufacturing Expenses 15 645,460 634,972
Adminitrative Expenses 16 2,744,190 2,376,487
Financial Charges 17 3,624 2,511
Selling & Distribution Expenses 18 1,968 10,360
Preliminery Expenses W/off 439 487

Total 4,348,040 4,002,000

Net Profit(-loss) Before Depreciation 219,323 355,255

Depreciation 197,879 214,651
Profit Before Tax 21,444 140,604
Less :- Provision For The Taxation (7,793) (34,568)
Less :- Provision For The FBT (12,890) (16,139)
Less :- Deferred Tax (Liabilities)/Assets 1,284 (17,882)
Profit After Tax (-loss) 2,045 72,015
ADD:- Previous Year's Balancesheet b/f 341,131 269,116
Amount Available for Apporopriation 343,176 341,131

APPROPRIATIONS
Proposed Dividend - -
Dividend distributed Tax - -
Balance c/f to Balancesheet 343,176 341,131
NOTES TO ACCOUNTS
As per our Report of even date
for V.C.DARJI & ASSOCIATES for HIS & HERS(INDIA) APPARELS PVT. LTD.
CHARTERED ACCOUNTANTS

(VIJAY DARJI) (Director)

MUMBAI KIRIT CHANDARANA
03/09/09