RADHESHYAM GEMS (PROP.

: HASMUKHBHAI JIVRAJBHAI GAJERA)

BALANCE SHEET AS AT 31ST MARCH, 2023
UDIN : 23612403BGYJCG8386
LIABILITIES SCH AMOUNT ASSETS SCH AMOUNT
NO NO

CAPITAL 1 25,21,773.91 FIXED ASSETS 6 1,17,38,575.93

LOAN FUNDS INVESTMENTS 7 24,068.50

SECURED LOANS 2 10,30,534.00
UNSECURED LOANS 3 1,00,15,802.00 CURRENT ASSETS
INVENTORY 8 3,35,44,363.00
CURRENT LIABILITIES 4 3,90,97,965.21 SUNDRY DEBTORS 9 44,11,313.00
CASH AND BANK 10 14,44,299.18
PROVISIONS 5 50,15,065.00 LOANS AND ADVANCES (ASSETS) 11 65,18,520.51

TOTAL 5,76,81,140.12 TOTAL 5,76,81,140.12

Schedules 1 to 11 form an integral part of accounts

In terms of our attached report of even date

For RADHESHYAM GEMS For JALODARA&CO.

CHARTERED ACCOUNTANTS

HASMUKHBHAI JIVRAJBHAI GAJERA CA Hardikbhai Arvindbhai Jalodara

(Individual) (PROPRIETOR)
M. NO. : 612403
FRN : 157730W

Place : Surat
Date : 29/09/2023
 RADHESHYAM GEMS (PROP. : HASMUKHBHAI JIVRAJBHAI GAJERA)

SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2023

Schedule : 1
Capital Account
Particulars Amount Particulars Amount
To Withdrawal 3,95,848.36 By Net Profit 12,16,460.58
To Income Tax Paid 72,532.00 By Opening Balance 22,67,828.18
To School Fees 1,20,000.00 By Dividend Income 49.00
To Loan Interest (home) 5,50,166.00 By Bank Interest Income 2,608.00
To Exide Insurance 2,04,500.00 By Profit : Shiv Sai Develope 4,40,207.51
To Adjustment Entry 68,148.00 By Tds Refund Interest 5,815.00
To Closing Balance 25,21,773.91
Total 39,32,968.27 Total 39,32,968.27

Schedule : 2
SECURED LOANS
PARTICULARS AMOUNT
SECURED LOANS
KOTAK BANK (CAR LOAN) 10,30,534.00
TOTAL 10,30,534.00

Schedule : 3
UNSECURED LOANS
PARTICULARS AMOUNT
UNSECURED LOAN
CHOLAMANDALAM INV FIN C 35,37,839.00
HASMUKHBHAI GAJERA (HUF) 8,86,157.00
JAYABEN K. ZALAWADIYA 45,00,000.00
Total 89,23,996.00
UNSECURED LOANS
BHAVNABEN HASMUKHBHAI GAJERA 10,91,806.00
TOTAL 1,00,15,802.00

Schedule : 4
CURRENT LIABILITIES
PARTICULARS AMOUNT
DUTIES AND TAXES
GST (3,01,660.41)
T.D.S. 2022-2023 (1,34,918.00)
TDS NOT DEPOSITE AY 23-24 (25,939.00)
Total (4,62,517.41)
SUNDRY CREDITORS
ASHOKBHAI LAXMANBHAI JAGANI 41,50,813.62
BHAVDIPBHAI GAJERA 20,34,337.00
BHAVESHBHAI MUNJAPARA 32,10,220.00
SKY GEM 81,16,239.00
SUBIR DIAMOND LTD 1,45,31,678.00
VASU IMPEX 75,17,195.00
Total 3,95,60,482.62
TOTAL 3,90,97,965.21
 Schedule : 5
PROVISIONS
PARTICULARS AMOUNT
PROVISIONS
ACCOUNT FEES PAYABLE 50,000.00
AUDIT FEES PAYABLE 18,000.00
SALARY PAYABLE 49,47,065.00
TOTAL 50,15,065.00
 Schedule : 6
FIXED ASSETS
Particulars Rate WDV as on 01/04/2022 Addition Deduction Total Dep for the Year WDV as on 31/03/2023
More than 180 Days Less than 180 Days
Rupees Rupees Rupees Rupees Rupees Rupees Rupees
PLANT AND MACHINERY
AIR CONDITIONER 15% 4,78,017.00 68,125.00 0.00 0.00 5,46,142.00 81,921.00 4,64,221.00
MACHINARY 15% 2,21,779.00 38,000.00 49,183.00 0.00 3,08,962.00 42,656.00 2,66,306.00
PRINTER 15% 0.00 29,695.00 0.00 0.00 29,695.00 4,454.00 25,241.00

PLANT & MACHINERY

METLER 15% 20,097.00 0.00 0.00 0.00 20,097.00 3,015.00 17,082.00

BUILDING
FACTORY-MUMBAI - 19,41,266.00 1,89,000.00 0.00 0.00 21,30,266.00 0.00 21,30,266.00
FALT-REVER VEIW - 20,22,550.00 0.00 0.00 0.00 20,22,550.00 0.00 20,22,550.00
HIGHTS
OFFICE - 9,23,180.00 0.00 0.00 0.00 9,23,180.00 0.00 9,23,180.00
OFFICE PRINCESS PLAZA 5% 1,74,438.00 0.00 0.00 0.00 1,74,438.00 8,722.00 1,65,716.00

COMPUTER
COMPUTER 40% 56,640.00 0.00 0.00 0.00 56,640.00 22,656.00 33,984.00

VEHICLE
CAR (KUSHAQ) 15% 16,06,237.00 0.00 0.00 0.00 16,06,237.00 2,40,936.00 13,65,301.00
CAR (SKODA) 15% 3,27,655.00 0.00 0.00 0.00 3,27,655.00 49,148.00 2,78,507.00
CAR-INOVA 15% 3,11,820.00 0.00 0.00 0.00 3,11,820.00 46,773.00 2,65,047.00

LAND
SAROLI PLOT - 36,46,244.00 0.00 0.00 0.00 36,46,244.00 0.00 36,46,244.00

HOUSE HOLD ASSET

HOME APPIANCE - 0.00 0.00 63,550.00 0.00 63,550.00 0.00 63,550.00

MOBILE
MOBILE PURCHASE - 0.00 71,380.93 0.00 0.00 71,380.93 0.00 71,380.93
Total 1,17,29,923.00 3,96,200.93 1,12,733.00 0.00 1,22,38,856.93 5,00,281.00 1,17,38,575.93
 Schedule : 7
INVESTMENTS
PARTICULARS AMOUNT
INVESTMENTS
SHARE INVESTMENT 24,068.50
TOTAL 24,068.50

Schedule : 8
INVENTORY
PARTICULARS AMOUNT
INVENTORY
CLOSING STOCK 3,35,44,363.00
TOTAL 3,35,44,363.00

Schedule : 9
SUNDRY DEBTORS
PARTICULARS AMOUNT
SUNDRY DEBTORS
DIAM STONE 12,55,265.00
PERRY IMPEX 18,89,506.00
SKY GEMS 12,66,542.00
TOTAL 44,11,313.00

Schedule : 10
CASH AND BANK
PARTICULARS AMOUNT
CASH AND BANK
AXIS BANK (SB) 1,917.72
AXIS BANK HASMUKHBHA (CA) 85,492.96
AXIS BANK RADHESHYAM GEMS 10,50,242.73
CASH ON HAND 45,817.76
INDUSIND BANK 1,28,702.74
ING KOTAK - 46430 36,278.66
KOTAK ING BANK-6804(C/A) 59,507.42
THE LAXMI VILAS BANK 36,339.19
TOTAL 14,44,299.18

Schedule : 11
LOANS AND ADVANCES (ASSETS)
PARTICULARS AMOUNT
LOANS AND ADVANCES (ASSETS)
SACHIN D THUMMAR 12,50,000.00
SDB DIAMOND BOURSE 27,23,097.00
SHIV SAI DEVLOPERS 25,45,423.51
TOTAL 65,18,520.51
 FY : 2022-23

Notes on accounts forming part of Form no 3CD & 3CB and Financial statements.
DISCLOSURE OF SIGNIFICANT ACCOUNTING POLICIES & NOTES TO THE ACCOUNTS & ICDS

1. Significant Accounting Policies:

Maintenance of books of accounts, records and preparation of financial statements are the responsibilities of
the entity’s management. Our responsibility is to express an opinion on their based on our audit. We have conducted
our audit in accordance with the standard auditing principles generally accepted in India. The 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 by management as well as evaluating the
overall financial statements presentation.

1.Basis of preparation of Financial Statements:

The financial statements have been prepared under the historical cost convention and on accrual basis. The concern
has maintained accounts on accrual basis by following fundamental accounting assumptions of going concern, accrual
and consistency. During the year the concern has not changed any accounting policies and estimates.

The firm generally follows mercantile system of accounting and recognizes income and expenditure on mercantile
basis except otherwise provided in the books.

2.Valuation of inventory

The management has provided the memorandum of stock statement summary of value of material. The management
has explain that they have physically taken a stock and arrive at value. The value does not include duties and taxes.
Yet there is no effect on the profit u/s. 145A of the IT Act. We have relied on the Valuation of stock statement
provided by the management. On that basis we have taken and reported the in Form No. 3CD. Accordingly, The value
has been taken as certified by the management.

3.Revenue Recognition

Revenue from sale of goods have been recognised in the statement of profit and loss when the property in goods is
transferred for a price and all significant risk and rewards of ownership have been transferred to the buyer and the
concern retains no effective control of the goods.

Revenue is recognized when there is reasonable certainty of its ultimate collection. Revenue is recognized to the
extent it is probable that the revenue can be reliably measured.

4.Fixed Assets:

All fixed assets are stated at cost of acquisition less accumulated depreciation and impairment losses, if any. Cost
comprises of the purchase price and any other attributed cost of bringing the assets to its working condition for its
intended use. No assets have been revalued during the year.

5.Depreciation:

Generally Depreciation is provided on all the fixed assets as per section 32 of the Income-tax Act. Depreciation
calculated on assets which is intimated by management that it is used in business. Auditor is not responsible to look
that it is used in business or not.
6. The following has been confirmed by the management and the same has been verified by us on test check
basis.

I. The Assesses has not provided for any tax liability. No demand was raised or refund issued during the
year under any law other than the Income Tax Act, 1961

II. All Debit and credit balances, including squared up accounts of the debtors, creditors, unsecured loans
appearing under various heads and cash / credit purchase / expenses are subject to confirmation of the
parties, reconciliation and adjustment, if any.

III. All expenditure incurred during the previous year in excess of Rs. 10,000/- is incurred by account payee
cheque drawn on a bank or by account payee bank draft only and not otherwise, except in such cases
and in such circumstances as prescribed under Rule 6DD of the Income Tax Act, 1961.

IV. No amounts are taken or accepted as loan or deposit / or are paid as repayment of loan or deposit
during the previous year in excess of Rs. 20,000 in the aggregate in contravention of the provisions of
Section 269SS / Section 269T of the Income Tax Act, 1961 otherwise than by account payee cheque
drawn on a bank or by account payee bank draft.

V. There is no personal element in expenses charged to Profit & Loss Account and all the expenses,
purchases are made/incurred for the purpose of the business.

VI. We rely on the internal vouchers for expenses for which bills/invoices are not available. We rely on the
internal vouchers for expenses like labour expense, provision of labour, gas and fuel exp, salary exp, etc.
The management has confirmed that the same has been incurred for the purpose of the business.

VII. Details is respect of ITC in column No. 27(a) of Form No. 3CD is provided as recorded in the books of
accounts. ITC has been passed in the accounts through the head of Balance Sheet.

VIII. Payments to specified persons as defined in section 40A(2)(b) of the IT Act are reported on the basis of
and to the extent of the relevant information regarding such persons and or interest of the such persons
furnished to us.

IX. The entity does not have relevant information regarding any micro or small enterprise which is registered
under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006. Hence amount
due and interest payable is not ascertainable.

As per our report of even date attached

Signature to Schedules of P & L and Balance-Sheet & Form No. 3CD
In terms of our attached report of even date

For Jalodara&Co.
(Chartered Accountants)

Jalodara Hardikbhai Arvindbhai

(Proprietor)
FRN NO-157730W
MEMBERSHIP NO-612403

Date :- 29/09/2023
Place :- Surat