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    Jnac 31mar16

    Uploaded by

    HitechSoft Hitsoft
    JASCH December 2016 Annual report india

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Jnac 31mar16

    Uploaded by

    HitechSoft Hitsoft
    46 views4 pages
    JASCH December 2016 Annual report india

    Original Title

    JNAC-31MAR16

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    JASCH December 2016 Annual report india

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views4 pages

    Jnac 31mar16

    Uploaded by

    HitechSoft Hitsoft
    JASCH December 2016 Annual report india

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    JASCH NORTH AMERICA COMPANY & WHOLLY OWNED SUBSIDIARY INDEV GAUGING SYSTEMS, INC.

    CONSOLIDATED BALANCE SHEET AS AT 31.03.2016


    (Period from 01.01.2015 to 31.03.2016)
    March 31, 2016
    ASSETS:
    Current Assets:
    Cash - Checking
    Money Market-Alpine
    Accounts Receivable
    Deposits - Current
    Due from/(to) Jasch North America Corporation
    Prepaid Sales and Other Expenses
    Inventory - Parts Acquired at Cost
    Work In Process - Sub-Assemblies of Parts - At Cost
    Finished Goods - at Cost
    Testing Equipment
    Undeposited Funds
    Total Current Assets
    Property & Equiptment
    Software
    Office Furniture and Equipment
    Machinery and Equipment
    Land
    Building
    Less: Accumulated Depreciation
    Net Property and Equipment
    Other Assets:
    Goodwill
    Less: Accumulated Amortization
    Security Deposits
    Prepaid Loan Costs - Net
    Investment in INDEV
    Equity in Income of INDEV
    Net Other Assets
    Total Assets
    Liability & Stockholders' Equity
    Current Liability
    Accounts Payable
    Credit Cards Due To AX
    Commissions Payable - B. Johnson
    Replacement Tax Payable
    Federal and State Corporate Income Taxes
    Sales Tax Payable
    Accrued Real Estate Taxes
    Accrued and Withheld FICA and Federal Income Taxes
    Income Tax Withheld - All States
    Accrued Unemployment Taxes - All States
    Accrued Pension
    Accrued Liabilities
    Wage Garnishment
    Deferred Revenue - Progress Billings
    Due to INDEV Gauging Systems, Inc.
    Note Payable to Alpine Bank - Line Of Credit
    Current Portion of Long-Term Debt
    Total Current Liabilities
    Long-Term Debit:
    Mortgage Note Payable to Alpine Bank
    Less: Current Portion Due Within One Year
    Total Long-Term Debt - Subordinated
    Total Liabilities
    Stockholder Equity:
    Common Stock
    Additional Paid In Capital
    Retained Earnings/(Deficit):
    January 1, 2015

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    53,885
    32,518
    745
    1,546
    337,158
    78,000
    135,132
    50
    639,034

    $
    $
    $
    $
    $
    $
    $

    48,526
    41,870
    16,502
    38,575
    347,182
    -81,876
    410,779

    $ 1,001,101.00
    $ -295,958.00
    $
    -75.00
    $
    2,338.00
    $
    $
    $
    707,406.00
    $ 1,757,219.00

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    276,144.00
    -31.00
    -730.00
    2,504.00
    9,786.00
    16.00
    -2,703.00
    2,873.00
    52,000.00
    112.00
    79,974.00
    245,000.00
    8,500.00
    673,445.00

    $
    $
    $
    $

    230,790.00
    -8,500.00
    222,290.00
    895,735.00

    $
    $

    1,000.00
    999,000.00

    46,873.00

    Year Ended December 31, 2015

    23,483.00

    3 Months Ended March 31, 2016

    -208,872.00

    Total Stockholders' Equity


    Total Liabilities and Stockholders' Equity

    $
    861,484.00
    $ 1,757,219.00

    JASCH NORTH AMERICA COMPANY AND WHOLLY OWNED SUBSIDIARY INDEV GAUGING
    SYSTEMS, INC.
    CONSOLIDATING STATEMENT OF OPERATIONS AND RETAINED EARNINGS FOR THE PERIOD
    FROM 01.01.2015 TO 31.03.2016
    CONSOLIDATED
    15 Months
    Ended
    March 31,
    2016
    Sales:
    Hardware and Software
    Phone Support
    A (Fabrication of Controls/Scanner)
    Source Inspection Service
    Source Reclamations
    Field Services (Employee Labor)
    Travel Expenses Charged to Customers
    Adminstrative Charges
    Total Sale
    Cost of Goods Sold:
    Hardware Purchases
    Subcontracted Service (Subcontractors)
    Source Inspection Expence (Expenses for Services)
    Freight Charges (Freight Charges Pd. Out of Material)
    Freight Bills
    Unemployment Taxes
    Insurance - Health
    Source Reclamation Expense
    Pension Expenses
    Miscellaneous
    Shop Tools
    Radiation Licenses
    Total Cost of Goods Sold
    Gross Profit
    Rental Income
    Equity in Income of INDEV Gauging Systems, INC
    Less Expenses
    General & Administrative Expenses - see Page 4
    Sales Expenses -see Page 4
    Marketing Expenses - see Page 4
    Service Expenses - see Page 4
    Employer Insurance Part
    Moving Expenses
    Office Expenses Reports (Combined)
    Website Expenses
    Security Expenses
    State Income Taxes Expenses
    Federal Income Tax Expenses
    Interest - Mortage and other
    Net Income(Loss)
    Retained Earnings:
    Balance- Beginning of Period
    Balance- End of Period

    $
    $
    $
    $
    $
    $
    $
    $
    $

    2,070,329
    200
    -671
    117,240
    75,560
    189,879
    37,580
    1,266
    2,491,383

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    895,696
    90,062
    1,260
    1,298
    37,317
    6,887
    61,119
    64,513
    18,565
    973
    4,251
    11,079
    1,193,020
    1,298,363
    52.1%
    -

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    1,181,799
    60,048
    87,480
    115,945
    9,185
    899
    1,659
    26,736
    -185,388

    $
    $

    46,873
    -138,513

    JASCH NORTH AMERICA COMPANY


    & WHOLLY-OWNED SUBSIDIARY
    CONSOLIDATING SCHEDULES OF
    GENERAL & ADMINISTRATION EXPENSES,
    SALES EXPENSES, MARKETING EXPENSES,
    AND SERVICE EXPENSES

    CONSOLIDATED
    15 Months
    Ended
    March 31,
    2016

    General & Administrative Expenses:


    $
    1,055
    Equipment Rental
    $
    4,833
    Outside Services
    $
    543
    Internet Fee
    $
    32,829
    Freight & Postage
    $
    15,684
    Leased Employees
    $
    Rent
    $
    4,280
    Rent (Colorado)
    $
    11,337
    Electric
    $
    9,516
    Gas
    $
    75
    Sewer
    $
    1,463
    Disposal
    $
    600
    Water and Garbage
    $
    17,327
    Phone/Pagers
    $
    4,361
    Repairs & Maintenance
    $
    1,600
    Show Expenses
    $
    22,500
    Directors Fees
    $
    Auto Expenses
    $
    1,735
    Travel Expenses
    $
    Travel - Meals
    $
    Sales Tax Paid
    $
    1,078
    License & Fees
    $
    Vehicle Expense
    $
    Training Expenses
    $
    4,025
    Shop Expenses
    $
    Small Tools
    $
    24,030
    Legal & Accounting
    $
    Postage
    $
    8,972
    Office Supplies/Expense
    $
    1,193
    Radiation Monitoring
    $
    HRA Expense
    $
    1,875
    401K Expense
    $
    8,347
    Insurance
    $
    6,630
    Life Insurance
    $
    6,980
    Workers Comp
    $
    12,232
    Insurance - Health
    $
    Insurance - Disability
    $
    95,897
    Goodwill Amortization
    $
    27,643
    Depreciation
    $
    20,400
    Property Tax Expense
    $
    83
    Dues & Subscriptions
    $
    Security Expense
    $
    1,389
    Mileage Reimbursement
    $
    6,508
    IT - Computer Service
    $
    2,456
    Bank & Credit Card Expenses
    $
    1,000
    Job Recruitment Expenses
    $
    734,690
    Salaries & Wages (including Holiday)
    $
    58,767
    Taxes - FICA
    $
    7,794
    Taxes - Unemployment
    $
    19,710
    Auto Allowance
    $
    361
    Holiday Expense
    $ 1,181,798
    Total General & Administrative Expenses
    Sales Expenses:
    $
    37,608
    Travel
    $
    6,788
    Meals

    Total Sales Expenses

    $
    $
    $
    $
    $
    $
    $
    $

    21
    3,198
    1,389
    1,279
    5,283
    4,481
    60,047

    Total Marketing Expenses

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    12,600
    4,023
    46,400
    4,660
    11,538
    448
    7,811
    87,480

    $
    $
    $
    $
    $
    $
    $
    $
    $

    83,203
    6,059
    18,633
    2,266
    345
    4,867
    572
    115,945

    Mileage Reimbursement
    Auto Expense
    Trade Show
    Office Expense
    Miscellaneous
    Commissions
    Dues and Subscriptions
    Marketing Expenses:
    Advertising
    Travel and Meals
    Trade Show
    Miscellaneous
    Website Design
    Subscriptions
    Software
    Marketing and Leads
    Folders and Brochures
    Service Expenses:
    Travel
    Meals
    Mileage
    Miscellaneous
    Service Expense Reports
    License and Permits
    Small Tools
    Auto Expenses
    Total Service Expenses

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