Shekhawati Electronics Private Limited

NOTICE TO THE SHAREHOLDERS

Notice is hereby given that the Fifth Annual General Meeting of the Shareholders of Shekhawati Electronics Private
Limited will be held, on Friday the 30th September 2011, at 11.00AM, at the Registered Office of the Company at
2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006, to transact the following business:
ORDINARY BUSINESS
1. To receive, consider, and adopt the Audited Balance Sheet as on 31st March, 2011 and Profit & Loss Account
for the year ended on that date and Report of the Board of Directors and Auditors thereon.
2. To appoint Auditors to hold office from the conclusion of this Annual General meeting up to the conclusion
of Next Annual General Meeting and to fix their remuneration.

By Order of the Board

For Shekhawati Electronics Private Limited

Sd/Atul Jain
Director

Sd/Shiksha Jain
Director

NOTE: - A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote
instead of himself and proxy need not be a member of the company. Proxies in order to be effective must be received
by the company not less than 48 hours before the meeting.
Registered Office:
2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
Place: Delhi
Date: 21/05/2011

PAGE 1/1

Shekhawati Electronics Private Limited

DIRECTORS REPORT
Directors Report to the shareholders of Shekhawati Electronics Private Limited, Delhi on the working of the
company for the year ended on 31st March 2011.
Ladies and Gentlemen:
The Directors have pleasure to inform you that the Fifth Annual General Meeting of the shareholders will be held, on
Friday the 30th September 2011, at 11.00AM, at the Registered Office of the Company, 2762, 1st Floor, Hamilton
Road, Mori Gate, Delhi 110006. The Audited Balance Sheet as on 31st March 2011 and the Profit & Loss A/c for the
year ended on that date along with the Auditors Report are enclosed herewith;
2010-11
Income from Operations:
Profit / (Loss) before Depreciation
Depreciation
Profit / (Loss) before Tax
Provision for Income Tax
Profit / (Loss) after Tax
Profit / (Loss) brought forward
Balance Carried to Balance Sheet

1,012,551.00
33,648.69
978,902.31
161,621.00
817,281.31
1,387,776.48
2,205,057.79

DIVIDEND
In view of funds required for expansion purposes, management does not recommend declaration of dividend.
PERSONNEL
The company does not have any employee whose particulars are to be given pursuant to section 217(2A) of the
companies Act 1956 and the rules framed there under.
AUDITORS
M/s. AGS Associates, Chartered Accountants, are being eligible for reappointment, and are appointed as Statutory
Auditors of the Company for the next financial year
DIRECTORS RESPONSIBILITY STATEMENT
In terms of section 217(2AA) of the companies Act, 1956, your Directors confirm state that:
1. In the preparation of the annual accounts, under review the applicable accounting standards have been
followed along with proper explanation relating to material departures.
2. Appropriate accounting policy have been selected and applied consistently and judgments and estimates
have been made that are reasonable and prudent so as to give true and fair view of the state of affairs of the
company as at 31st March 2011 and profit &loss account for the year ended on that date.
3. The annual accounts are prepared on a going concern basis.
4. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance
with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and detecting
fraud and other irregularities.
PAGE 1/2

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

In View of the nature of activities that are being carried on by the company, rule 2A and 2B of the Companies
(Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, concerning conservation of energy and
Technology absorption, respectively, are not applicable to the Company. The Company is, however, making all efforts
for reducing energy consumption at office facilities by installing computer systems designed for low power
consumption.
FOREIGN EXCHANGE EARNINGS AND OUTGO
The foreign exchange earnings of the Company during the year were Rs Nil and outgo is NIL.
ACKNOWLEGMENT
Your directors wish to place on record the services rendered by workers and staff of the company, and co
operation extended by the Bankers of the Company and all the Government Departments.
By Order of the Board
For Shekhawati Electronics Private Limited

Sd/Atul Jain
Director
Registered Office:
2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
Place: Delhi
Date: 21/05/2011

PAGE 2/2

Sd/Shiksha Jain
Director

AGS Associates
Chartered Accountants

Phone: Off: 27129138

Mobile: 9310869606
st
B-4/55B, 1 Floor, Ashok Vihar
Phase-II,Delhi-110052
Email:vikasjalanca@gmail.com
AUDITORS REPORT

To,
The Members of
Shekhawati Electronics Private Limited
1.

We have audited the attached Balance Sheet of Shekhawati Electronics Private

st
Limited, 2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006 as at 31 March
2011 and also the annexed Profit and Loss Account for the year ended on that date
annexed thereto. These financial statements are the responsibility of the Companys
management. Our responsibility is to express an opinion on these financial statements
based on our audit.

2.

We conducted our audit in accordance with auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free from material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating
overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.

3.

The Companies (Auditors Report) Order, 2003 (the Order), issued by the Central
Government of India in terms of Section 227(4A) of the Companies Act 1956, is not
applicable to the company.

4.

We report that:
(a)

We have obtained all the information and explanations which, to the best of our knowledge
and belief were necessary for the purpose of our audit;

(b)

In our opinion, proper books of account, as required by law, have been kept by the
Company so far as appears from our examination of such books;

(c)

The Balance Sheet and the profit and loss account dealt with by this report are in
agreement with the books of account.

(d)

In our opinion the Balance Sheet and Profit & Loss Account comply with the Accounting
Standards referred to in Sub-Section (3C) of Section 211 of the Companies Act, 1956.

(e)

On the basis of the written representations received from the directors as on March 31,
2011 and taken on record by the Board of Directors, we report that none of the Directors
are disqualified as on 31st March 2011 from being appointed as a director in terms of
clause (g) of sub section (1) of section 274 of the Companies Act 1956.

(f)

In our opinion, and to the best of our information and according to the explanation given to
us, the said accounts read together with notes annexed thereto 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 generally accepted in India:
st

i)

In the case of the Balance Sheet, of the state of affairs of the Company as at 31
March 2011;

ii)

In the case of the Profit & Loss Account, of the Profit for the year ended on that date;
and

iii) In the case of Cash Flow Statement, of the cash flows for the year ended on that date.
Place: Delhi

For AGS Associates

Chartered Accountants
Firm Regn. No.: 015454N

Dated: 21/05/2011

Sd/Vikas Jalan
Partner

SHEKHAWATI ELECTRONICS PVT. LTD.

2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
BALANCE SHEET AS ON 31ST MARCH 2011
Particulars

Amount
(Rs.)

Schedule

SOURCES OF FUND
Shareholders' fund
Share Capital
Share Application

"1"
"2"

660,000.00
3,060,000.00

Profit & Loss a/c

Profit & Loss a/c

3,720,000.00

2,205,057.79

Loan Funds
a) Secured Loan
b) Unsecured Loan

"3"

1,600,000.00
1,600,000.00
137,474.00

Deferred Tax Liability

TOTAL
APPLICATION OF FUNDS
Fixed Assets
a) Gross Block
b) Less: Depreciation
c) Net Block

7,662,531.79

"4"
1,461,667.90
88,030.07
1,373,637.83

Current Assets, Loans & Advances

a) Sundry Debtors
b) Loans & Advances
c) Cash & Bank
d) Closing Stock

"5"
"6"
"7"

Less: Current Liabilities & Provisions

"8"

54,820.04
1,257,367.49
5,515,565.64
2,413,900.00
9,241,653.17
2,952,759.21

Net Current Assets

6,288,893.96

Deferred Tax Assets

Miscellaneous Expenditure
Preliminary Expenses not written-off

TOTAL
Significant Accounting Policies
And Notes on Accounts

7,662,531.79
"A"

The Schedules referred to above and notes on accounts thereon form an integral part of Balance Sheet.
As per our report of even date annexed.
For AGS Associates
Chartered Accountants

Sd/Partner
Vikas Jalan
FCA (M. No. 099395)

Place: Delhi
Date: 21/05/2011

FOR

Sd/Director
Atul Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

Sd/Director
Shiksha Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
Profit & Loss Account
for the period 01 April 2010 to 31 March 2011
Particulars

Amount
(Rs.)

Schedule

Sales and Other Income

Sales Local 13.5%
Rent
Closing Stock
(-) Opening Stock
Goods Return
Cartage Outward
Short & Excess

309,836.57
1,628,000.00
2,413,900.00
(921,500.00)
14,988.81
4,337.00
1,320.08
3,450,882.46

Direct Expenses
Administrative Expenses
Selling Expenses
Financial Expenses
Depreciation
Preliminary Expenses written off
Profit / (Loss) before Taxes
Less: Income Tax
Less: Provision for FBT
Less: Deferred Tax Liabilities

1,800,594.45
637,737.01
33,648.69
2,471,980.15
978,902.31
161,621.00
-

Profit / (Loss )after Taxes

Profit / (Loss ) brought forward
Balance carried to Balance Sheet

817,281.31
1,387,776.48
2,205,057.79

Significant Accounting Policies

And Notes on Accounts

"9"
"10"

"4"

"A"

The Schedules referred to above and notes on accounts thereon form an integral part of Balance Sheet.
As per our report of even date annexed.
For AGS Associates
Chartered Accountants

Sd/Partner
Vikas Jalan
FCA (M. No. 099395)

Place: Delhi
Date: 21/05/2011

FOR

Sd/Director
Atul Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

Sd/Director
Shiksha Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
SCHEDULES TO BALANCE SHEET
Period ended
31.03.2011
Schedule "1"
SHARE CAPITAL
Authorised Share Capital (20,000 shares of Rs 100/- each)

2,000,000.00
2,000,000.00

ISSUED, SUBSCRIBED & PAID-UP CAPITAL

6,600 Equity Shares of Rs. 100/- each fully paid in cash

660,000.00
660,000.00

Schedule "2"
SHARE APPLICATION
3,060,000.00
3,060,000.00
Schedule "3"
UNSECURED LOANS
Evergreen Roadways Pvt. Ltd.
Santosh Singh

1,400,000.00
200,000.00
1,600,000.00

Schedule "5"
SUNDRY DEBTORS
A2Z Infrastructures Pvt. Ltd.
Bhushan Steel Ltd.
DLF Laing 'O' Rourke India Pvt. Ltd.
Gayatri Projects Ltd.
IVCRL Infra & Projects
PWD Lucknow
Seema Construction Co.

13,578.06
0.05
6,135.00
1,538.06
4,973.52
28,544.89
50.46
54,820.04

Schedule "6"
LOANS & ADVANCES
Atul Jain
Shiksha Jain
Ghaziabad Engines & Machines Pvt. Ltd.
Duties & Taxes
CST 2%
SAT Input 1%
VAT Input 12.5%
VAT Refundable
Income Tax Refund
Deposits
Bank Guarantee to S. Tax
Earnest Money
FDR with HDFC
Sales Tax - Faridabad
Security with BEML
Security with Electricity Dept
TDS

34,721.18
96,289.01
31,438.89
1,535.55
19,205.57
29,660.00
14,449.00
1,126,357.30
25,000.00
760.00
48,000.00
24,760.00
500,000.00
235,966.00
291,871.30
1,257,367.49

Schedule "7"
CASH & BANK
HDFC Bank
Punjab & Sind Bank
Cash in Hand

5,407,132.16
15,828.51
92,604.97
5,515,565.64

The Schedules referred to above and notes on accounts thereon form an integral part of Balance Sheet.
As per our report of even date annexed.
For AGS Associates
Chartered Accountants
Sd/Partner
Vikas Jalan
FCA (M. No. 099395)

Place: Delhi
Date: 21/05/2011

FOR

Sd/Director
Atul Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

Sd/Director
Shiksha Jain

Schedule "8"
CURRENT LIABILITIES & PROVISIONS
Duties & Taxes
Service Tax 10.3%
VAT Output 13.5%
Provisions
Audit Fee Payable
Electricity Exp. Payable
Exp. Payable
Provision for Tax
Salaies & Wages Payable
Sundry Creditors
A&A Earthmovers Pvt. Ltd.
BEML Ltd.
Jubilant Organosys Pvt. Ltd.
Samiti Cables Pvt. Ltd.
Singh Brick Field
Tirupati Engg. & Fabricators
Tribhuwan Nath Singh
Others

65,566.00
41,827.87

107,393.87

28,000.00
264,165.00
3,000.00
42,457.00
7,000.00

344,622.00

1,645.59
1,163,781.83
133,988.71
134,400.00
24,000.00
311,000.00
149,837.25
361,589.96

2,280,243.34

Security Deposit - Tenant

220,500.00
2,952,759.21

Schedule "9"
Direct Expenses
Purchases against Form-C
Purchases Local 12.5%
Cartage Inward

1,571,947.94
153,646.51
75,000.00
1,800,594.45

Schedule "10"
Administrative Expenses
Accounting Exp.
Audit Fee
Bank Charges
Factory Tax
Insurance Charges
Repairs & Maintenance
Salaries & Wages

6,000.00
15,000.00
658.05
37,184.00
95.00
501,799.96
77,000.00
637,737.01

The Schedules referred to above and notes on accounts thereon form an integral part of Balance Sheet.
As per our report of even date annexed.
For AGS Associates
Chartered Accountants
Sd/Partner
Vikas Jalan
FCA (M. No. 099395)

Place: Delhi
Date: 21/05/2011

FOR

Sd/Director
Atul Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

Sd/Director
Shiksha Jain

SHEKHAWATI ELECTRONICS PVT. LTD.

2762, 1st Floor, Hamilton Road, Mori Gate, Delhi 110006
SCHEDULE - 4
SCHEDULE OF FIXED ASSETS AS AT 31ST MARCH,2011
GROSS BLOCK
Name of the Assets

As at
01.04.2010

Factory Building
Furniture
Land
Plant & Machinery
Submersible Water Pump
Total

Addition during the

year

Sales

As at

As at

31.03.2011

01.04.2010

DEPRECIATION
For the
Adjustment
Year
-

W.D.V
As at

As on

As on

31.03.2011

31.03.2011

31.03.2010

965,345.57
4,276.25
427,976.83
55,374.25
8,695.00

965,345.57
4,276.25
427,976.83
55,374.25
8,695.00

48,331.27
569.70
4,939.41
541.00

30,628.30
234.55
2,398.84
387.00

78,959.57
804.25
7,338.25
928.00

1,461,667.90

1,461,667.90

54,381.38

33,648.69

88,030.07

886,386.00
3,472.00
427,976.83
48,036.00
7,767.00

917,014.30
3,706.55
427,976.83
50,434.84
8,154.00

1,373,637.83 1,407,286.52

Shekhawati Electronics Private Limited

st
Accounting policies & notes forming part of Balance Sheet as at 31 March 2011
1. GENERAL
i) Accounting policies not specifically referred to otherwise be consistent and in consonance with generally
accepted accounting principles.
ii) The accounts of the Company are prepared under the historical cost convention on accrual basis and as per
applicable mandatory accounting standards.
2. Contingent liabilities not provided for NIL
3. The debit & credit balances in the accounts of various parties are subject to confirmation & reconciliation thereof
from respective parties.
4. In the opinion of the management the current assets, loans and advances are approximately of the value stated if
realised in the ordinary course of business. The provisions for all the known liabilities are adequate and not in
excess of the amount considered reasonably necessary.
5. No provision is made for gratuity as the provisions of payment of Gratuity Act, 1972 are not applicable to the
Company.
6. FOREIGN EXCHANGE EARNINGS & OUTGO

i)
ii)
iii)

Earning in Foreign Exchange

Reimbursement of defective material claims.
Expenditure in Foreign Currency.
(Directors & Others Foreign Travelling).
C.I.F. Value of Imports

As at
31.03.2011

As at
31.03.2010

Nil

Nil

Nil

Nil

Nil

Nil

7. INFORMATION OF SMALL SCALL INDUSTRIAL UNITS

a)
b)
c)

No claim from suppliers who are covered under the Interest on Delayed Payments
to Small Scale and Ancillary Industrial Undertaking Act, 1993 has come to the notice
of the Company
Amount outstanding for payment to S.S.I.s
Nil
N.A.
Name of S.S.I.s to whom the Company owes
Nil
N.A.
a sum exceeding Rs. 1 Lakh, which is
outstanding for more than thirty days.
The above information has been compiled to the extent to which the parties could be
identified as Small Scale and Ancillary Undertakings on the basis of information
available with the Company.

8. As the Company did not carry any manufacturing activity during the year under review the other information as
required under Schedule-VI of the Companies Act, 1956 are not applicable.

BALANCE SHEET ABSTRACT AND COMPANYS GENERAL BUSINESS PROFILE

I.

II.

III.

IV.

V.

Registration Details:
Registration No. 018299
State Code 55
Balance Sheet Date 31.03.2011
Capital raised during the year (Amount in Rs. Thousands)
Public Issue
Right Issue
Nil
Nil
Bonus Issue
Private Placement
Nil
Nil
Position of Mobilisation and Deployment of Funds
(Amount in Rs. Thousands).
Total Liabilities
Total Assets
76,62
76,62
Sources of Funds
Paid-up Capital
Reserves & Surplus
6,60
52,65
Secured Loans
Unsecured Loans
Nil
16,00
Current Liabilities & Provisions
30,90
Application of Funds
Net Fixed Assets
Investments
13,73
Nil
Current Assets, Loans & Advances
Misc. Exp.
92,42
Nil
Performance of Company (Amount in Rs. Thousands)
Turnover (including other income)
Total Expenditure
43,72
33,93
Profit/Loss before Tax
Profit/Loss after Tax
9,79
8,17
Dividend Rate %
Nil
Generic Names of three principal items of the Company
Item Code No.
Item Description

Auditors Report
As per our report of even date attached
Place: Delhi

For AGS Associates

Chartered Accountants
Firm Regn. No.: 015454N

Dated: 21/05/2011
Sd/Vikas Jalan
Partner