GAUTAM ENGINEERS LIMITED

Balance Sheet as at 31st March, 2013

as at 31st as at 31st
Note
March 2013 (in March 2012
No
Rs.) (in Rs.)

EQUITY AND LIABILITIES

(1) Shareholder's Funds
(a) Share Capital 3 1300000 1300000
(b) Reserves and Surplus 4 34875946 29181860
36175946 30481860
(2) Non Current Liabilities
(a) Long term Borrowings 5 580803 1226358
(b) Defered Tax Liability 6 162816 53668
© Other Non Current Liabilities 7 4037400 4037400
4781019 5317426
(3) Current Liabilities
(a) Trade payables 8 253164 153345
(b) Other current liabilities 9 1504955 1234504
(c) Short Term Provision 10 5380000 2780000
7138119 4167849

TOTAL 48095084 39967135

ASSETS
(1) Non-current assets
(a) Fixed Assets 11
- Tangible Assets 4039517 2936040
(b) Non Current Investment 12 878757 799260
(c) Other Non current Assets 13 292647 292647
5210921 4027947
(2) Current assets
(a) Inventories 14 16363 1400
(b) Trade Receivable 15 1625560 1025626
(c) Cash and cash equivalents 16 35486610 31977258
(d) Short term loans & advances 17 5683680 2924264
(e) Other current Assets 18 71950 10640
42884163 35939188

TOTAL 48095084 39967135

Significant Accounting Policies 2.1

The accompanying notes are an integral part of the financial statements

In terms of our Report of even date

For & on behalf of For & on behalf of

S.B.DANDEKER & CO. the Board of Directors
Chartered Accountants
(Firm Regn No-301009E)

Kedarashish Bapat
Partner Director
(Membership No.057903)

Place: Kolkata
Date: 8th August 2013 Director
 GAUTAM ENGINEERS LIMITED

Statement of Profit and Loss for the year ended 31st March, 2013

2012-13 2011-12
Note No
(in Rs.) (in Rs.)

INCOME

Revenue From Operations 18 16596138 17366483

Other Income 19 3409055 3004488

Total Revenue (I) 20005193 20370971

EXPENSES

Purchase Of Traded Goods 20 3170495 4056679

(Increase)/decrease in Inventories 21 -14963 49252
Employee Benefit Expenses 22 1573400 1724183
Other expenses 23 5916777 4616391
Finance Costs 24 182464 155135
Depreciation & Amortization 11 773786 860050

Total Expenses (II) 11601959 11461690

Profit before tax (I - II) 8403234 8909281

Tax expense:
Current tax 2600000 2780000
Deferred tax 109148 -51061

Profit/ (-) Loss for the year after tax 5694086 6180342

Earning per equity share

(Nominal value of share Rs.10/- (Pr.Yr.-Rs.10/-) 25
(1) Basic 43.80 47.54
(2) Diluted 43.80 47.54

Significant Accounting Policies 2.1

The accompanying notes are an integral part of the financial statements

In terms of our Report of even date

For & on behalf of For & on behalf of

S.B.DANDEKER & CO. the Board of Directors
Chartered Accountants
(Firm Regn No-301009E)

Kedarashish Bapat
Partner Director
(Membership No.057903)
Place: Kolkata
Date: 8th August 2013 Director
 GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

1 Corporate information
Gautam Engineers Limited (the company) is a limited company domiciled in India and incorporated under the provisions of the
Indian Companies Act 1956 (CIN- U24295WB1962PLC028663) with its registered office at Kolkata (West Bengal). It is
engaged in the business of trading in industrial gases and subletting of properties.

2 Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting
Principles in India (Indian GAAP). The Company is a Small and Medium Sized Company as defined in the General Instructions
in respect of Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended).
Accordingly, the Company has complied, in all material respects with the Accounting Standards as applicable to a Small and
Medium Sized Company and the relevant provisions of the Companies Act, 1956. The financial statements have been
prepared on accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the
financial statements are consistent with those followed in the previous year.

2.1 Significant accounting policies

(a) Use of estimates

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and
assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported
income and expenses during the year. The Management believes that the estimates used in preparation of the financial
statements are prudent and reasonable. Future results could differ due to these estimates and the differences between the
actual results and the estimates are recognised in the periods in which the results are known / materialise.

(b) Tangible fixed assets

Tangible fixed assets are carried at cost. The cost of fixed assets includes interest on borrowings attributable to acquisition of
qualifying fixed assets up to the date the asset is ready for its intended use and other incidental expenses incurred up to that
date. Subsequent expenditure relating to fixed assets is capitalised only if such expenditure results in an increase in the future
benefits from such asset beyond its previously assessed standard of performance.The company has no intangible fixed assets

© Depreciation
Depreciation (on tangible fixed assets) has been provided on writen down value method as per the rates prescribed in
Schedule XIV of the Companies Act 1956.

(d) Investments
Long-term investments are carried individually at cost less provision for diminution, other than temporary, in the value of such
investments. Long term investments are those which are not readily realizable and are intended to be held for more than one
year from the date of the investment. All other investments are current investments. However the company has no Current
investments. Cost of investments include acquisition charges such as brokerage, fees and duties (if any).

(e) Inventories
Inventories are valued at the lower of cost and the net realisable value. The net realizable value is the estimated selling price in
the oridinary course of business less the estimated costs necesary for making the sale.

(f) Revenue recognition

Sales of goods are recognized when all sufficient risks and rewards of ownership of goods have been passed to the buyer
ususally on delivery of goods.Revenue from services are recognized as and when the services are rendered. Sales of goods
and services exclude all indirect taxes and levies. Other income is recognized on accrual basis except for dividend which is
generally accounted for on receipt.

GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

(g) Retirement & Other Employee Benefits

The company is not covered under the provisions of the Provident Fund and Employee State Insurance laws. The company
has no defined benefit plan for gratuity and the costs in this regard shall be recognized in the accounts as and when they
occur. The company has no specified leave policy and the cost of the unutlised entitlement accumulated at the reporting date, if
any, is not recognised on accrual basis and shall be accounted for when paid.

(h) Borrowing Costs

Borrowing costs include interest and amortisation of ancillary costs incurred in connection with arrangement of borrowings.
Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All
other borrowing costs are expended in the period they occur.

(i) Taxes on income

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of
the Income Tax Act, 1961.
Deferred tax is recognised on timing differences, between the taxable income and the accounting income that originate in one
period and are capable of reversal in one or more subsequent periods. It is measured using tax rates enacted or substantially
enacted at the reporting date. Deferred tax assets are recognised only to the extent there is reasonable certainty that there will
be sufficient future taxable income against which they can be realized.

(j) Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items,
if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed
by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend,
interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average
number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares
which could have been issued on the conversion of all dilutive potential equity shares.

(k) Presentation & Disclosure of Financial Statements

The Company has followed the Schedule-VI noticfied under the Companies Act 1956 for preparation and presentation of its
financial statements. The company has also reclassified the previous year's figures in accordence with the reqirements
applicable in the current year.
31.03.2013 31.03.2012
Rs. Rs.
3 Share Capital
Authorised -
2,00,000 (Pr.Yr. 2,00,000) Equity shares of Rs.10/- each 2000000 2000000
5,000 (Pr.Yr. 5,000) 9.3% Redemable Preference shares of Rs.100/- each 500000 500000
2500000 2500000

Issued, subscribed & paid up -

1,30,000 (Pr.Yr.-1,30,000 ) Equity shares of Rs.10/- each 1300000 1300000

a. Reconciliation of Equity Shares outstanding at the beginning and at the end of the period

31.03.2013 31.03.2012
No. of shares Rs. No. of shares Rs.
At the beginning of the period 130000 1300000 130000 1300000
Issued during the year 0 0 0 0
Outstanding at the end of the period 130000 1300000 130000 1300000
GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

b. Terms/rights attached to the equity shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is
entitled to one vote per share. No dividend on equity shares has been declared/paid for the current year

c. Details of shareholders holding more than 5% shares in the company.

31.03.2013 31.03.2012
No. of shares % holding No. of shares % holding
Bina Kumari Jalan 60000 46 60000 46
Anirudh Jalan 10000 8 10000 8
Anirudh Jalan (DPJ HUF) 10000 8 10000 8
Anirudh Jalan (HUF) 44000 34 44000 34

As per records of the company, including its register of shareholders/members and other declarations received from
shareholders regarding beneficial interest the above shareholding represents both legal and beneficial ownership of shares

4 Reserves & Surplus

Securities Premium Account

Balance as per the last financial statements 3600000 3600000

General Reserve
Balance as per the last financial statements 850000 850000

Surplus/ (-) deficit in the statement of profit & loss

Balance as per the last financial statements 24731860 18897202
Profit/ (-) Loss for the year 5694086 6180342
30425946 25077544
Add/ (-) Prior period adjustments for tax 0 -345684
30425946 24731860

Total Reserve & Surplus 34875946 29181860

5 Long Term Borrowings

Non Current Maturity Current Maturity
31.03.2013 31.03.2012 31.03.2013 31.03.2012
Rs. Rs. Rs. Rs.
Secured Term Loan from:-
(i) HDFC Bank Ltd 256770 811833 534930 214616
(ii) Tata Motors Finance Ltd 0 414525 230471 230471
(iii) HDFC Bank Ltd 324033 0 188855 0
580803 1226358 954256 445087
Less : Current Maturites of long term borrowing 0 0 0 0
(Included in Note no.7) 580803 1226358 954256 445087

Note:
Term loan (i) is taken for purchase of Motor car. It is repayable by January 2016 and carries interest @9% p.a. It is secured by
hypothecation of the motor car and personal guarantee of director

Term loan (ii) is taken for purchase of Motor Vehicle. It is repayable by September 2013 and carries interest @ 7.5% p.a. It is
secured by hypothecation of the motor vehicle and personal guarantee of director

Term loan (i) is taken for purchase of Motor car. It is repayable by September 2015 and carries interest @10.75% p.a. It is
secured by hypothecation of the motor car and personal guarantee of director

GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

31.03.2013 31.03.2012
Rs. Rs.
6 Deferred Tax Liabilities (DTL)
Difference in depreciation on fixed assets as per accounts
and income tax 526912 173684
DTL @ effective tax rate of 30.9% 162816 53668
Less: DTL as per last account 53668 104729
DTL accounted for in current year [Cr / (-) Dr.] 109148 (51061)

7 Other Non Current Liabilities

Security Deposit against Cylinder 196000 196000
Security Deposit against Rent 3761000 3761000
Deposit against Electric Charges 80400 80400
4037400 4037400
8 Trade payables
Sundry Creditors 253164 153345

Note:
Sundry Creditors includes no dues to MSME units (No dues for the previous year) in accordance with information regarding its
creditors available with the company.

9 Other current liabilities

Current Maturites of long term borrowings(from note no.5) 954256 445033
Charges payable under PMS 6105 5430
TDS payable 8552 9919
Taxes & Duties payable 17123 21420
Other payables 518919 752702
1504955 1234504
10 Short Term Provisions
Provisions for Income tax 5380000 2780000

5380000 2780000
12 Non Current Investment (Non trade & at cost)
(a) Investment In Equity Shares (quoted)**
Atlas & Union Jute Press Co. Ltd. 10000 10000
(1000 Nos Equity Shares FV @Rs.10.00)
Asiatic Oxygen Limited 330 330
(2 Nos Equity Shares FV @Rs.2.00)
10330 10330
(b) Investment In Equity Shares(Unquoted)
Devi Vihar Pvt. Ltd. 36000 36000
(18000 Nos Equity Shares FV @ Rs.10.00)
Prestige Properties Pvt. Ltd. 83750 83750
(32000 Nos Equity Shares FV @ Rs.10.00)
Rajasthan Fert. Chem. Corp. Ltd. 13500 13500
(2000 Nos Equity Shares FV @Rs.10.00)
Girdhari Eatates Pvt. Ltd. 20000 20000
(2000 Nos Equity Shares FV @Rs.10.00 )
153250 153250
© Investment under ICICI Prudential PMS
Equity Shares 715177 635680
Mutual Funds 0 0
715177 635680

878757 799260
** Market value of quoted equity shares are not readily ascertainable
GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

31.03.2013 31.03.2012
Rs. Rs.

13 Other Non Current Assets

Security deposit 292647 292647

14 Inventories (of traded goods)

Industrial Oxygen gas 16363 1400

15 Trade Receivable
(Unsecured & Considered Good)
Outstanding for a period exceeding Six Month 0 0
Other Debts 1625560 1025626
1625560 1025626

16 Cash & Cash Equivalents

Balance with Bank in current account 683023 1360337
Balance with Bank in current account (under PMS) 27359 34632
Balance with Bank in F.D. account 34600000 30500000
Cash on hand (as taken & certified by the directors) 176228 82289
35486610 31977258

17 Short term loans & advances

Advance for Capital Assets 120100 308600
Balances with revenue authorities
Advance Income Tax 2507630 1200000
Tax Deducted at Source 2964950 1415664
Staff Advance 91000 0
5683680 2924264

18 Other current Assets

Receivable under PMS
Dividend 199 306
Outstanding contracts for sale 0 10334
Interest Accrued on F.D. 71751 0

71950 10640

18 Revenue from Operations

SALE OF TRADED GOODS
Industrial Oxygen 3352808 4341498

SALE OF SERVICES
Delivery Charges 644192 707926
Subletting Income 11833112 11522166
12477304 12230092
OTHER OPERATING REVENUE
Holding Charges 166026 194893
Hire Charges 600000 600000
766026 794893

Total 16596138 17366483

19 Other Income
Interest
On Deposits 3265787 2745490
On Income tax refund 0 110846
Dividend
On Securities (from PMS) 13423 10873
On Mutual Funds 0 8548
Profit On Redemption of Mutual Fund 0 18602
Profit on sale of securities (under PMS) 84021 0
Rent 3000 0
Profit on Sale of Fixed Assets 30824 98536
Excess Provision Written Back 0 8366
Miscellaneous Income 12000 3227
3409055 3004488

20 Purchase of traded Goods

Purchase of Industrial Oxygen Gas 3170495 4056679
GAUTAM ENGINEERS LIMITED
Notes forming part of the financial statements for the year ended 31st March 2013

31.03.2013 31.03.2012
Rs. Rs.

21 (Increase)/Decrease in Inventories
Inventory of Industrial Oxgyen gas at the beginning of the year 1400 50652
Less: Inventory of Industrial Oxygen Gas at the end of the year 16363 1400
-14963 49252

22 Employee Benefit Expenses

Salaries & Allowance 1544593 1712847
Staff Welfare 28807 11336
1573400 1724183
23 Other Expenses
Store Purchase 72692 125995
Storage Charges for Cylnders 108000 108000
Motor Vehicle Expenses 969732 776660
Rent 128440 122940
Rates & Taxes 1558622 1069908
Professional Tax 2500 2500
Electric Charges (Net) 46993 25860
Repair to Rented Premises 573471 523842
Repair to Others 491512 535693
Maintenance Charges 98532 93587
Computer Maintainance 23734 19280
Postage & Telegram 2492 822
Printing & Stationery 77213 56375
Motor Car Expenses 404900 210818
Telephone & Telex 43872 45258
Travelling & Conveyance 251464 170595
Watch & Ward 55653 27938
Professional & Legal Charges 81340 20013
Payment to Auditors ## 17416 17416
Membership & Subscription 7500 16500
Brokerage 350550 441940
Business Promotion 395408 81037
Filling Fees 2031 1500
Director's Fees 5000 4400
Loss on sale of securities (under PMS) 0 32935
PMS Management fees & other expenses 21292 21677
Securities Transaction tax 839 1562
Miscellanous Expenses 125579 61340
5916777 4616391

## Auditors Remuneration includes :

a) Statutory Audit fees 9551 9551
b) Tax Audit Fees 5056 5056
c) Company Law matters 2809 2809
17416 17416

24 Finance Costs
Interest on Term Loans 172461 148175
Bank Charges 10003 6960
182464 155135

GAUTAM ENGINEERS LIMITED

Notes forming part of the financial statements for the year ended 31st March 2013

25 Earnings per share (EPS)

The following reflects the profit & share data used in the basic and diluted EPS computation

31.03.2013 31.03.2012
Rs. Rs.
Total Operations for the year
Profit / (-) Loss after tax 5694086 6180342
Adjustments 0 0
Net profit/ (-) loss for calculation of basic & diluted EPS 5694086 6180342

Weighted average no of equity shares in calculating basic & diluted EPS 0 0

24 Employee Benefits ( Disclosure in terms of AS-15)

Accured liability on account of gratuity and leave encashment outstanding at the end of the reporting period has not been
recognized in the accounts since as per management's estimates the liability on this count is not material considering the
company's financials and cash reserves and hence the company is in a position to easily meet the same as and when they
arise. Hence these shall be recognised in the accounts when paid.

25 Related Party Transactions ( Disclosure in terms of AS-18)

(A) Related Parties

1 Devi Gas Products Pvt. Ltd. Associate Concern
2 The Hanuman Estates Ltd. Associate Concern
3 Atlas & Union Jute Press Co. Ltd. Associate Concern
4 Prestige Properties Pvt. Ltd. Associate Concern
5 Rajasthan Fertilizer & Chemicals Corp. Co. Ltd. Associate Concern

(B) Related Party Transactions

Associate Concerns
31.03.2013 31.03.2012
Rs. Rs.
Expenses
Purchase of Gases 2869939 4011354
Rent Paid & Maintanance Charges 182500 177000
Storage Charges 108000 108000
Electric Charges 271216 311743

Balances
PRESTIGE PROPERTIES PVT. LTD. 205102 224754

In terms of our Report of even date

For & on behalf of For & on behalf of

S.B.DANDEKER & CO. the Board of Directors
Chartered Accountants
(FRN-301009E)

Kedarashish Bapat Director

Partner
(M.No.057903)

Place: Kolkata
Date: 8th August,2012 Director
 GAUTAM ENGINEERS LIMITED
Notes forming part of the financial statements for the year ended 31st March 2013

Note No. 11: FIXED ASSETS

PARTICULARS GROSS BLOCK DEPRECIATION NET VALUE

AS ON 1ST ADDITIONS SOLD/ AS ON 31ST AS ON 1ST FOR THE SALES/ AS ON 31ST AS AT 31ST AS AT 31ST
APRIL 2012 ADJUST MARCH 2013 APRIL 2012 YEAR ADJUST MARCH 2013 MARCH 2013 MARCH 2012

Freehold Land (at Mondalpur , Jamuria) 0 495000 0 495000 0 0 0 0 495000 0

Lease hold Land & Building 60837 0 0 60837 23738 17573 0 41311 19526 37099
Structure on Rented Premises 774074 0 0 774074 720171 2553 0 722724 51350 53903
Building (Ownership) 478639 642714 0 1121353 102905 33865 0 136770 984583 375734
Water Installation 61837 0 0 61837 61648 0 0 61648 189 189
Electric Installation 116261 0 0 116261 116091 0 0 116091 170 170
Motor Car 1495920 720172 0 2216092 458853 268497 0 727350 1488742 1037067
Scooter 22003 0 0 22003 21884 0 0 21884 119 119
Motor Lorry 2114814 0 0 2114814 1012815 330600 0 1343415 771399 1101999
Computer 117734 0 0 117734 109093 3456 0 112549 5185 8641
Furniture & Fixture 195593 1200 0 196793 160847 14378 0 175225 21568 34746
Air Conditioner 94552 27000 0 121552 89535 2576 0 92111 29441 5017
Cylinders 13031137 0 30824 13000313 12749781 100288 22001 12828068 172245 281356

TOTAL 18563401 1886086 30824 20418663 15627361 773786 22001 16379146 4039517 2936040

Previous Year 17900260 944983 281842 18563401 14947689 860050 180378 15627361 2936040

MOTOR CAR AUGUST 720172

A.C. 26.11.2012 27000 1878 698 2576
FURNITURE 26.03.2012 1200
RESIDENTIAL FLAT (SUNIL15.11.2012 642714
 GAUTAM ENGINEERS LIMITED
Notes forming part of the financial statements for the year ended 31st March 2013

Note No. 11: FIXED ASSETS

PARTICULARS GROSS BLOCK DEPRECIATION NET VALUE

AS ON 1ST ADDITIONS SOLD/ AS ON 31ST AS ON 1ST FOR THE SALES/ AS ON 31ST AS AT 31ST AS AT 31ST
APRIL 2012 ADJUST MARCH 2013 APRIL 2012 YEAR ADJUST MARCH 2013 MARCH 2013 MARCH 2012

LAND AT MONDALPUR (JAMURIA) 0 495000 0 495000 0 0 0 0 495000 0

Lease hold Land & Building 60837 0 0 60837 23738 17573 0 41311 19526 37099
Structure on Rented Premises 774074 0 0 774074 720171 2553 0 722724 51350 53903
Residential Flat 1 478639 0 0 478639 102905 17797 0 120702 357937 375734
Residential Flat 2 0 642714 0 642714 0 16068 0 16068 626646 0
Water Installation 61837 0 0 61837 61648 0 0 61648 189 189
Electric Installation 116261 0 0 116261 116091 0 0 116091 170 170
Motor Car 1495920 720172 0 2216092 458853 268497 0 727350 1488742 1037067
Scooter 22003 0 0 22003 21884 0 0 21884 119 119
Motor Lorry 2114814 0 0 2114814 1012815 330600 0 1343415 771399 1101999
Computer 117734 0 0 117734 109093 3456 0 112549 5185 8641
Furniture & Fixture 195593 1200 0 196793 160847 14378 0 175225 21568 34746
Air Conditioner 94552 27000 0 121552 89535 2576 0 92111 29441 5017
Cylinders 13031137 0 30824 13000313 12749781 100288 22001 12828068 172245 281356

TOTAL 18563401 1886086 30824 20418663 15627361 773786 22001 16379146 4039517 2936040

Previous Year 17900260 944983 281842 18563401 14947689 860050 180378 15627361 2936040
MOTOR CAR AUGUST 720172
A.C. 26.11.2012 27000 1878 698 2576
FURNITURE 26.03.2012 1200
RESIDENTIAL FLAT (SUNIL15.11.2012 642714
Rate Of
Dep (%)

0
5
5
5
13.91
13.91
25.89
25.89
30
40
18.10
13.91
40
Rate Of
Dep (%)

0
5
5
5
5
13.91
13.91
25.89
25.89
30
40
18.10
13.91
40
Misc. Exp.
sundary b/off 77144
gen exp. 46506
prof. tax 1915
14
125579

loading exp. 6766

motor vehicle exp. 962966
969732

int. on car loan 106344

int. on vahicle loan 66117
172461

Maintenance Exp.
cleaning exp. 38532
maint. Exp. 60000
98532

Municipal Tax 1556722

rates & taxes 1900
1558622

repair to other 152171

labour charges 421300
573471