PROFIT AND LOSS ACCOUNT

FOR THE PERIOD FORM JULY-2004 TO JUNE-2005

AMOUNT
SALE 4,625,000.0
LESS COST OF GOODS SOLD 3,920,000.0
Gross Profit 705,000.0

ADMINISTRATIVE EXPENSES
Staff Salaries 46,477.0
Office Rent 84,000.0
Utilities 78,816.0
Vehicle Running & Maintenance 43,518.0
Entertainment 23,400.0
News paper & periodicals 2,612.0
Repair & Maintenance 9,954.0
Miscellaneous 7,223.0
296,000.0

Net profit for the period carried forward to the balance sheet 409,000.0
 MAHASA PAKISTAN
BALANCE SHEET AS AT JUNE 30, 2005

AMOUNT
CAPITAL AND LIABILITIES (RUPEES)
CAPITAL 3,723,000.00
Add: Profit for the period 409,000.00

4,132,000.00
Less : Drawing during the period 150,000.00 3,982,000.00

3,982,000.00

PROPERTY AND ASSETS

FIXED ASSETS - at cost
Office Equipment 's 49,000.00
Furniture & Fixture 37,000.00
Land & Building 200,000.00
Total 286,000.00

CURRENT ASSETS
Stock in trade 725,000.00
Accounts Receivables 456,000.00
Cash & Bank Balance 2,515,000.00
Total 3,696,000.00

3,982,000.00
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 DETAIL OF ACCOUNT RECEIVABLE

S.No Date Due form Tender No Amount Due Due Date

1 3/11/2006 Special Comm. Organization 38/PD/2005-06/OS- 1994572 15/01/2007
Ministry of Defence Production
2 21/06/2006 Directorate of procurement 435407/p-43 3584000 15/03/2007
( AIR FORCE)