PSP MANAGEMENT & CONSULTANTS PRIVATE LIMITED, DELHI

BALANCE SHEET AS AT 31ST MARCH 2009

AMOUNT IN RUPEES

AS ON AS ON AS ON AS ON
31.3.2008 LIABILITIES 31.3.2009 31.3.2008 ASSETS 31.3.2009

AUTHORISED CAPITAL FIXED ASSETS

10,000 Equity share of Rs 10/-
100000 each 100,000 360,630 OFFICE BUILDING 365130
30,000 COMPUTER 47865
ISSUED SUBSCRIBED
,CALLED AND PAID UP CURRENT ASSETS & LOAN &
CAPITAL ADVANCES
10,000 Equity share of Rs 10/-
100,000 each fully paid 100,000 1,909 Cash in Hand 15824
33,734 Cash at Bank 97413
SHARE APPLICATION MONEY
270,000 Pending Allotment 270,000 - Sundry debtors 30000
2,112 Income Tax Refund AY07-08 2112
RESERVE & SURPLUS 47,988 TDS AY 08-09 40184
129,947 Profit & Loss Account 104,228 38,943 Application for plot HUDA 0
79,120 Loan and advances -
UNSECURED LOANS
- From Directors & shareholders 80,000 MISCELLANEOUS EXP.
(To the extent not written off or
CURRENT LIABILITIES adjusted)
1,685 Garg Navin & Company 7,500 4,400 Preliminery expenses 2200

63,000 Sundry Creditors -

26,400 Security Deposite 39,000

7,804 Provision for Tax -

598836 TOTAL 600,728 598836 600,728

Significant Accounting Policies & Notes on Accounts : As per Schedule 'A' Annexed

AS PER OUR REPORT OF EVEN DATED ATTACHED

GARG NAVIN & COMPANY
Chartered Accountants

(NAVIN KUMAR GARG) FCA RACHANA AGARWAL RICHA RASTOGI

PARTNER DIRECTOR DIRECTOR

PLACE DELHI
DATED 31.08.2009
 PSP MANAGEMENT & CONSULTANTS PRIVATE LIMITED, DELHI
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2009

AMOUNT IN RUPEES
Year Year Year
Ending Ending Ending Year Ending
31.3.2008 PARTICULARS 31.3.2009 31.3.2008 PARTICULARS 31.3.2009

18000 To Accounting Charges 350000 By Consultancy Income 30000

106 To Bank Charges 463 70452 By Rent 104000
15000 To Depreciation 14635 - By Other Income 500
11672 To Electricity 6321 - By Net Loss Carried down 25719
2200 To Priliminery Expenses 2200
1685 To Audit Fees 7500
231000 To Salary 54600
16000 To Rent paid 36000
65000 To Professional fees
1396 To General expenses 8500
- To Donation 30000
58393 To Profit carried down -

420452 160219 420,452 160219

5692 To Provision for income Tax 0 77246 BY Balance B/F 129947

0 To Net Loss for the year 25719
To Balance Carried to Balance
129947 Sheet 104228 58,393 By Profit for the year -

135639 TOTAL 129947 135,639 TOTAL 129947

Significant Accounting Policies & Notes on Accounts : As per Schedule 'A' Annexed

AS PER OUR REPORT OF EVEN DATED ATTACHED

GARG NAVIN & COMPANY
Chartered Accountants

(NAVIN KUMAR GARG) FCA RACHANA AGARWAL RICHA RASTOGI

PARTNER DIRECTOR DIRECTOR

PLACE DELHI
DATED 31.08.2009
PSP MANAGEMENT & CONSULTANTS PRIVATE LIMITED
SCHEDULE - 'A'
Significant Accounting Policies and Notes on Accounts:

A. Significant Accounting Policies

Fixed Assets : Fixed Assets are recorded at cost of acquistion. They

are stated at historical cost.

Depreciation : Depreciation has been provided on the basis of written

down value method in accordance with the provisions
of Schedule-XIV on the Companies Act, 1956.

Income : Income has been accounted for on accrual basis.

Investments : Investment are stated at cost of acquisition.

B. Notes on Accounts

1. The Provision for deffered tax assets/liabilities not provided in view of the insignificant
amount.

2. Contingent liabilities : NIL

3. Figures have been rounded off to the nearest rupee.

4. The Company has not accepted any Loans / Deposits from any person/
companies other than Directors & Shareholders during the Year.

5. Foreign Echange Earning & Outgo: NIL

6. Quantitative Details : Not Applicable

AS PER OUR REPORT OF EVEN DATED ATTACHED

GARG NAVIN & COMPANY
Chartered Accountants

(NAVIN KUMAR GARG) FCA

PARTNER

PLACE DELHI
DATED 31.08.2009
 PSP MANAGEMENT & CONSULTANTS PRIVATE LIMITED

BALANCE SHEET ABSTRACT ON COMPANY'S GENERAL BUSINESS PROFILE

1. Registration Details

Registration No. : U74899DL2005PTC141318 State Code : 55

Balance Sheet Date : 31.03.2009

2.Capital raised during the year (Amount in Rs. Thousands)

Public Issue : NIL Right Issue : NIL

Bonus Issue : NIL Private Placement : NIL

3. Position of Mobilisation and Development of Funds (Amount in Rs. Thousands)

Total Liabilities : 601 Total Assets 601

Sources Funds:
Paid up Capital : 100 Reserve & Surplus : 104

Secured Loans : Nil Unsecured Loans : 80

Share Application Pending Allotment 270

Application of Funds
Net Fixed Assets : 413 Investments : Nil

Net Current Assets : 139 Misc.Expenditure : 2

Accumulated Losses Nil

4. Performance of the Company (Amount in Rs. Thousands)

Turnover : 135 Total Expenditure : 130

Profit/(Loss) before tax : (26) Profit (Loss) After tax (26)

:
Earning Per Share in Rs. : 0.00 Dividend : NIL

5.GENERIC NAMES OF THREE PRINCIPAL PRODUCTS / SERVICES OF COMPANY

( AS PER MONETRY TERMS) :-

Item Code No. ( ITC Code) : ……………….

Product description : ……………….
Item Code No. ( ITC Code) : ………………
Product description : ……………….

Item Code No. ( ITC Code) : ……………….

Product description : ……………….

AS PER OUR REPORT OF EVEN DATED ATTACHED

GARG NAVIN & COMPANY
Chartered Accountants

(NAVIN KUMAR GARG) FCA

PARTNER

PLACE DELHI
DATED 31.08.2009
 PSP MANAGEMENT AND CONSULTANTS PRIVATE LIMITED

INCOME FROM THE HEAD BUSINESS AND PROFESSION -25719

ADD BACK DEPRECIATION AS PER COMPANIES ACT 14635

-11084
LESS DEPRECIATION AS PER INCOME TAX ACT 20550
20550 -31634 -31634

Add: Donation disallowed 30000 30000

Rent
Balance -1634
Rent to be considered separatly
INCOME FROM THE HEAD INCOME FROM HOUSE PROPERTY 70452

LESS STD DEDUCTION 21136 49316

GROSS TOTAL INCOME 46048

TAX ON ABOVE 30% ON GTI 13814

EDUCATION CESS 276

SECONDARY EDU CESS 138 14229 7804

TAX DEDECTED AT SOURCE 47899

REFUND DUE 40095

MAT NOT APPLICABLE AS 10% OF BOOK PROFIT IS LESS THAN 7804