The Prakash Ltd.

Balance Sheet as on 31st

March,1998.

Liabilities Rs. Assets Rs. Rs.

Share Capital Fixed Assets

Authorised Goodwill 50,000.00

2,000 Equity Shares of Rs.100 each 200,000.00 Land & Building

2,000,10% Prefernce Shares of
Rs.100 Cost 150,000.00

each 200,000.00 Less.: Depreciation upto 31.03.98 50,000.00 100,000.00

400,000.00 Plant & Machinery

Cost 300,000.00

Issued and subscribed: Less.: Depreciation upto 31.03.98 150,000.00 150,000.00

1,000 Equity shares of Rs.100 each Patents,Trademarks and Designs 26,000.00

Fully Paid-up 100,000.00

2,000,10% Prefernce Shares of
Rs.100 Investments

each Rs.50 paid -up 100,000.00 In 4% Govt.Securities (Market 10,000.00

Value Rs.8,000)
Reserves and Surplus

Sinking Fund 10,000.00 Current Assets ,Loan and Advances

Capital Reserve 5,000.00 A.Current Assets

General Reserve 50,000.00 Interest Accrued on Investment 400.00

Profit and Loss Account 7,600.00 Stores and Spares(at cost) 8,000.00
Stock-in-trade
(at cost or market price whichever is
Secured Loans lower.) 85,000.00
7% Debentures (secured by Sundry Debtors

charge on Plant and Machinery) 100,000.00 Outstandings for more than 6 months 60,000.00

Secured-Loan from bank(secured Other Debts 12,000.00

by Hypothecation of Stock) 60,000.00 72,000.00

Interest accrued and Due Less.: Doubtful Debts 2,000.00 70,000.00

on secured Loan from Bank 2,000.00 Cash in Hand 1,000.00

Unsecured Loans Cash at Bank 15,200.00 16,200.00

Fixed Deposits 27,000.00 B.Loans and Advances

Bank Overdraft 7,500.00 Advance Income Tax paid 12,000.00

Current Liabilities and Provisions Add.:TDS 50.00
 12,050.00
A. Current Liabilities:

Creditors 10,000.00 Miscellaneous Expenditure

Interest accrued but not Due on (to the extent not written off or adjusted)

Bank Loan 550.00 Preliminary Expenses 9,000.00

Provision for Taxation 42,000.00 Less.: Written Off 1,000.00 8,000.00

Proposed Dividend 20,000.00 Expenditure on Shares 6,500.00

Less.: Written Off 500.00 6,000.00

541,650.00 541,650.00