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The Liberty Marine Syndicate Pvt. Ltd.
Sagar Trade Cube,
104 S.P Mukherjee Road,
Kolkata -700 026, India
Tel:+91-33-2455 7777
Fax: +91-33-2455 8282
info@libertyshipping.com |
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| THE LIBERTY MARINE
SYNDICATE PVT. LTD. |
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| BALANCE SHEET AS AT
31ST MARCH, 2008 |
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(Rs.) |
(Rs.) |
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Schedule |
31.03.2008 |
31.03.2007 |
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SOURCES OF FUNDS |
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| 1 |
SHAREHOLDERS' FUND |
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Share Capital |
1 |
4,984,200.00 |
4,234,200.00 |
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Reserves & Surplus |
2 |
50,284,078.74 |
23,699,701.60 |
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| 2 |
SHARE PPLICATION |
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10,000,000.00 |
- |
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| 3 |
LOANS FUND |
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a. Secured Loans |
3 |
47,004,600.55 |
4,042,100.55 |
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b. Unsecured Loans |
4 |
470,473.00 |
2,370,492.00 |
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| 4 |
DEFERRED TAX LIABILITIES |
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4,725.00 |
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112,743,352.29 |
34,351,219.15 |
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APPLICATION OF FUNDS |
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| 1 |
FIXED ASSETS |
5 |
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a. Gross Block |
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23,762,791.50 |
14,467,583.50 |
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b. Less:Depreciation |
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7,335,837.50 |
5,482,403.56 |
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c. Net Block |
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16,426,954.00 |
8,985,179.94 |
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| 2 |
INVESTMENT |
6 |
1,777,500.00 |
1,777,500.00 |
| 3 |
DEFERRED TAX ASSET |
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15,854.00 |
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| 4 |
CURRENT ASSETS, LOANS AND |
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ADVANCES |
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a. Inventories |
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54,779,131.77 |
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b. Sundry Debtors |
7 |
39,958,506.68 |
29,337,138.34 |
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c. Cash & Bank Balances |
8 |
32,951,290.31 |
15,109,808.64 |
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d. Loans and Advances |
9 |
29,361,340.76 |
11,611,973.00 |
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157,050,269.52 |
56,058,919.98 |
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Less: |
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CURRENT LIABILITIES AND
PROVISIONS |
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a. Liabilities |
10 |
45,963,787.90 |
26,471,290.44 |
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b. Provisions |
11 |
16,563,437.33 |
5,999,090.33 |
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62,527,225.23 |
32,470,380.77 |
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NET CURRENT ASSETS |
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94,523,044.29 |
23,588,539.21 |
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112,743,352.29 |
34,351,219.15 |
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NOTES ON ACCOUNTS |
19 |
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The schedule referred
to above form an integral part of these accounts. |
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This is Profit & Loss
Account referred to in our Report of even date. |
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THE LIBERTY MARINE SYNDICATE PVT. LTD. |
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| PROFIT AND LOSS
ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2008 |
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Schedule |
(Rs.) |
(Rs.) |
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As at
31.03.2008 |
As at 31.03.2007 |
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INCOME: |
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Sales and Services |
12 |
449,097,824.41 |
165,032,221.54 |
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Increase / (Decrease) in Stock |
13 |
54,779,131.77 |
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Other Income |
14 |
1,311,396.78 |
660,471.16 |
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505,188,352.96 |
165,692,692.70 |
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EXPENDITURE: |
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15 |
438,154,377.31 |
142,988,791.33 |
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Payment & Benefit To Employees |
16 |
6,988,947.50 |
3,658,387.50 |
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Interest & Financial Charges |
17 |
7,423,230.33 |
559,421.26 |
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Other Operating expenses |
18 |
13,410,043.30 |
11,285,995.35 |
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Director's Remuneration |
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960,000.00 |
480,000.00 |
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Depreciation |
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1,937,970.50 |
1,181,974.00 |
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468,874,568.94 |
160,154,569.44 |
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PROFIT BEFORE TAX |
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36,313,784.02 |
5,538,123.26 |
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Provision for Taxation |
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Current |
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(12,400,000.00) |
(1,859,408.00) |
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Deferred |
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20,579.00 |
(4,725.00) |
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Fringe Benefit Tax |
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(380,000.00) |
(276,902.00) |
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PROFIT AFTER TAX |
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23,554,363.02 |
3,397,088.26 |
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Add : Excess Provision of
I.T.Written Back |
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30,014.12 |
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Balance brought forward |
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9,234,312.39 |
5,837,224.13 |
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Balance carried to Balance Sheet |
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32,818,689.53 |
9,234,312.39 |
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NOTES ON ACCOUNTS |
19 |
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The schedule referred
to above form an integral part of these accounts. |
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This is Profit & Loss
Account referred to in our Report of even date. |
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Kolkata, 1st
September, 2008 |
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