Vip Female Escorts Noida 9711199171 Greater Noida Escorts Service
Bs complete fy 2016 17
1. MICHAEL AND MICHAEL PIPES PRIVATE LIMITED
BALANCE SHEET AS AT 31'' MARCH,2017
K,!$a-r.-
Note
2017 2016
I. EQUITY AND LIAAILITIES
(1) Shar€holde!'s Funds
(a) Share Capital
(b) Resenes and Surplus
(c)Money received against share wanants
(2) Share application money pending allotment
(3) Non-Curent Liabilities
(a) Long-tern borowings
(b) Deferred tax liabiliiies (Net)
(d) Long term provisions
(4) Current Liabilities
(a) Sholt-ierm bonowings
(b) Trade payables
(c) Other current liabilities
(d) Shortrem provisions
Total
II.Assets
(1) Non-currert assetE
(a) Fixed assets
(i) Tangible assets
(ii) Capital work-in-progress
(b) Non-cun ent inveshnenis
(c) Deferred tax assets (net)
(d) Long term loans and advances
(e) Other non-current assets
(2) Cunent assets
(a) Current investmenbs
(b) Inveniories
(c)Trade receivables
(d) Cash and cash equivalents
(e) ShoFterm loans and advances
Total
2
3
5
6
7
8
10
11
1',I
72
13
14
15
76
17
t8
1,970,OOO
9,114,124
67,534,673
1,375,408
20,754,903
f1,263,754
1,998,359
4,975,610
L97A,AA0
6,565,796
56,619,235
1,36151,1
913,O27
16,376,586
4,664,696
2,421,635
121,990,436 9'1,074,079
53,322,872
10,9q,459
41,694,641
5,197,167
70,828,294
48,645,148
1,634,480
21342,889
10,358,5.14
1,375,356
4,757,602
721,990,836 91,074,019
Significant Accounting Policies and Notes to Accounls 1-27
For and on behalfof the Boarcl
.nl
r' J^
(l
s Cajend'Ebabu '
For MICHAEL E MICHAEL PIPES PVT. tTD.
Direcior
Dlrector
Me b. No. 209158
FRN ;134077W
Piace :Panaji
Date | 05.09.2017
Place:Panaji
Date r05.09.2017
2. MICHAEL AND MICHAEL PIPES PRIVATE LIMITED
STATEMENT OF PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31S' MARCH, 2017
Particulars Note No As at 31 March 2017 As at 31 March 2016
[. Revenue from operations
lL Other Income
IIL Total Revenue (I +II)
IV. Expenses:
Changes in inventodes of finished goods, work-in-progress
and Stock-in-Trade
Cost of matedals consumed
Operating Expenses
Employee benefit expense
Other expenses
Financial costs
Depreciation and amortization expense
Total Expenses
V. Profit before tax
VI. Tax expense:
(1) Current tax
(2) Deferled tar ;
(3) Short/ (Excess) Plovision for Earlier years
VII. Profit/(Loss) for the period (XI + XfV)
VIIL Eaming per equity share:
(1) Basic
20
2L
22
2i
24
26
27
(m-IV)
L70987567
4401447
1753890'14
10,290,755
64,745,057
58,541.,462
1,945,848
18,685,377
6,576,091.
6,449,287
23,808,014
7,142,231
24,950,245
(r8,732,921)
72,1.86,350
'r7,220,365
1,658,480
3,543,689
3,502,929
4,9'9,435
"167,233,877 24,298,326
8,'r55,137
2,519,937.39
989s
1.24,223
344,001
0
5,625,305
285.55
783,695
L32
Significant Accounting Policies and Notes to Accounts
A6 per our attached report of even date
Fol S GAIENDRABABU AND ASSOCIATES
Chaf€red Accountant
L-27
Ior and on behalf of the Boald
t{o$,-'*
fJlrectot ljllecrof
For MICHAEL & MICHAEL PIPES PW [TD.
t€r L {--
(
S GajeMrababu
Memb. No. 209158
FRN :134077W
Proprietor
Place : Panaji
Da'te r05.09.2017
Place : Panaji
Date :05.09.20U
Managing Dlrcctor
3. MICHAEL AND MICHAEL PIPES PRIVATE LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2017
Particulals Year Ended 31,03.20U Year End€d 31.03,2016
A- Cash Flow ftom opelatine activities :
Net Profit/(Loss) before tax & exceptional items
Adiusted for :
Depreciation
lnterest lnco e
Interest Expenses & other finance cost
Operating profif before workint capital chant€s
Adiusted for :
Trade & Other Receivable
lnventories
Short Term Provisions
Other current liabilities
Trade & Otlrcr Payables
Cash generated fronr operation
Tax Paid
Net Cash from Operating activities
B, Cash FIow from Investment Aclivilies:
Net Purchase ofFixed Assets & Capital Advances
Interest Received
long term Loans & Advances
sho tern Loans & Advances
Net Cash used in Invesfing Activities
C. Cash Flow from Finanaing Activities:
Long Term Borrowings(net)
Short Teim Borrowings(net)
Long term provision
Interest Expe$es & other finance cost
Net Cash used in Financing Activities
Net lncrease/(Decrease) in Cash & Cash Equivalent (A+B+C)
Cash & Bank Balances at the beginnine of the Period I
Cash and cash equivalents
Short term bank deposits
Total Cash & Bank Balances at fhe beginling of pedod
Cash & Bank Balances at the End of the Peliod :
Cash and cash equivalents
Short tern bank deposits
Total Cash & Bank Balances at the End oI period
(11,127 ,010.7'l)
269,515.00
4,634,480.00
9,143,664.71) (15,366,680.42) (1,725,637.49) (38,s34,533.
ls,366,680.42)
(31,336,100.00)
10,355,030.00
2,953,975 .39
1,420,828.00
9,599,058.00
12803,958.37
(18,654,950.51)
731,077.00
'L641,7 45.80
(32,42'r,949.00)
7,484.40
(4,394,471.40)
6,449,286.8't
(269,515.00)
245,176.28
1,130,180.00
't57,099.00
5,040068.00
8,155,137.19
20,911,000.00
,047 ,208 6
13,903,791.39
_____):::::::::_
11,383,854.00
7.804,637 .14
3,821,870.72
r,375,15628
4,919,435 .04
(2484.00)
929.00
651,918.80
9,066,798.80
't,521,824.66
10,588,619.46
10,915,438.00
4,378,3'7.00
913,026.86)
16,576,091.00)
28,351,382.28
20,508.29
(3,502,929.00)
76
10,464,426,30
24,868,961.57
(3,201,'t4s.62)
1.375,356.28
5,'r97 ,167 .40
5,'197,'167.00
4,576,501 .94
245,776.28
1,130,180.00
4,576,50'1.90
4,576,501.90
1,375,356.28
1,375,356.2ti
;-;;;-;;r--5,197 ,167 .00
Fur.tlLl un Lrehalf of the Board
.4 !.
'L,/{l
S Gajendrab't u
Menrb. No. 209158
FRN:134077W
Proprietor
Place:Panaji
Date : 05.09.20U
l-ya-*-
Place:Panaii
Date:05.09.2017
''ti
Director
I
4. NOTES TO ACCOUNTS FORMING INTEGRAL PART OF FINANCIAL STATEMENTS
NOTE: 1
SIGNIFICANT ACCOUNTING POLICIES
a) Basis for preparation of financial statement
The accompanying financial statements have been prepared in accordance with generally
accepted accounting principles in India under dre historical cost convention on accrual basis
of accounting. These financial statements have been prepared to comply in all material
aspects with the Accounting Standards notified under section 133 of the Companies Act,
2013 ("the Act") read with rule 7 of the Companies (Accounts) Rules 2014 and in accordance
with accounting principles generally accepted in India. This responsibility includes the
design, implementation and maintenance of internal control relevant to the preparation and
presentation of the financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
b) Method Accounting
The Company follows the milrcantile system of accounting
c) Revenue recomition of Income & Expenditure
i) Revenue from sale of products is recognized on transfer of ali significant risk and
rewards of ownership of product on to customer, which is generally on dispatch of
goods. Sales are stated net of returns and discount during the year excluding Value
Added Tax. Revenue from Contracts is accounted on the basis of RA bills raised by the
Company.
ii) Purchases are recognized when ownership of goods is transferred and inclusive of all
statutory levies but excluding excise duty & VAT credit
iiD Interest income is recognized on time proportion basis
iv) All items of Income & Expenses are accounted on accrual basis
VAT Credit
i) Raw Material, Stores & Spares and Capital Goods are accounted inclusive of Input VAT
in case of Local Purchases
ii) Sales are accounted inclusive of Output VAT
Fixed Assets
Fixed Assets are shown at the cost of acquisition less depreciation and impairment loss, if any.
The cost of fixed assets includes installation/initial start-up expenses including interest on
borrowings attdbutable to acquisition of fixed assets up to the date of commercial production
and incidental expenses incurred up to that date, and other identifiable direct expenses.
Depreciation
d)
5. In respect of fixed assets acquired during the year, Calculation of deprecation is done based
on the method provided in companies' act L956. The Company provides pro-rata
depreciation from the date on which asset is acquired / put to use. In respect of assets sold,
pro-rata depreciation is provided up to the date on which the asset is sold.
Investments
Investments are "NIL" as on 31.03.2017
Inventories
1) Raw Materials are valued at lower of cost or Replacement Cost. Cost is weighted average
cost and compdses of all expenditure including taxes incurred in bringing the inventories to
the present condition and location inclusive of VAT.
2) The Unbilled amount on Account of Contracts is shown under Revenue Work in Progress.
3) Finished goods are valued at cost or net realizable value whichever is less and cost consists of
Raw material cost and conversion cost incurred in bringing the inventories to the present
condition and location.
4) Stores and Spares are valued at lower of cost or net realizable value. lt includes vat credit.
Borrowing Cost
Borrowing cost attdbutable to the acquisition of assets is capitalized as part of the cost of
respective assets up to the date when such assets is ready for its intended use. Other borrowing
costs are charged to the Profit & Loss Account.
Taxation
i) Current Tax is determined as the amount of tax payable in respect of taxable income for
the period.
ii) Deferred tax is recognized subject to the consideration of prudence in respect of deferred
tax liability/assets on timing differences, being the differences between taxable income
and accounting income that originates in one period and capable of reversal in one or
more subsequent periods subject to tax holiday.
Impairment of Assets
Impa ment is ascertained at each balance sheet date in respect of Cash Generating Units. An
impairment loss is recognized whenever the carrying amount of an asset exceeds its recoverable
amount. The recoverable amount is the greater of the net selling price and value in use. in
assessing value in use, the estimated future cash flows are discounted to their present value
based on an appropriate discount factor.
Provisions Contingent Liabilities and Contingent Assets
A provision is made based on a reliable estimate when it is probable that an out flow of resources
embodying economic benefits will be requireil to settle an obligation. Contingent liabilities, if
mateial, are disclosed by way ol notes to accounts. Contingent assets are not recognized or'
disclosed in financial statements.
h)
i)
k)
ffi
6. MICHAEL AND MICHAEL PIPES PRIVATE LIMITED
Notes to Accounts are integrated par t of finanancial statements
Particulars t:T;t
Rupee6
As at
37-s2076
Rupees
1 Significant Accounting Pollcies
Equity Share Capital
Authorieed
20000 shares of ?100 each
Issue4 Subscrib€d & Paid up
19700 Equity Shares of t 100 each
At tlrc beginning of tlte period
lssued dlring the period
Outstanding at t]rc end of the pedod '
Reservee and Surplus
Surplus in Ptofit and Loss A,/c
Resewes & Surplus: Capital Reseree
Balance as per last financial statements
Add: Profit for the Yeaf
l€ss : Appropriations
Clo6ing Balance
NON CURRENT LIABILITIES
LONG TEdM BORROWINGS
SECURED
VUAYA BANK TERM LOAN
GIDC
Kotak Mahlndra Vehicle Loan
HDFC Bank
Loan Against Depo6it
2,000,000,00
1,970,000,00
2000,000.00
1,970,000.00
1,970,000.00 1,970,000.00
a) Reconciliation of number of s outstanding at the beginnidg aDd at the end of the Reporting Pedod
31.03.2017 31.03.2016
Eouity shares
79700
0
19,700
79,700 79,700
b) Terrns/ Rights Attached to equify s
The company has one cla8s of equity s having a pat value of Rs. 100 per . Each holder of equity s is
entided to one vote per . The company declares and pays divdend in Indiar Rupees. The dividend
ProPosed by the Board of Dilecto! is subject to the approval of the holders in the ensuing Armual General
Meeting.
In the event of Liquidation of the company, the holder6 of equity s will be entitled to receive remaining
assets of the company, aJter dishibution of all preferential amounts. The distribution will be in proportion
to the number of equity s held by the holders
6,565,795 6,382,073.00
2,ss2333 't,346,129.01.)
9,118,123.26 5,035,943.99
13,381,531.00 74,702,588.00
,f,r,,fr
tuk,
75,667,676.00
7. UNSECURED
From Dfuectors, Friends & relatives 38,485,526.00 35,181,322.00
67,534,673.00 56,679,235.00
DEFERRED TAX LIABILITY
Defeffed Tax Liability
Defered Tax Assets
Deferred Tax Assets (Net)
LONG TERM PROVISIONS
Provision for Employee Bene6ts
Provision for lncooe Tax
1,375,408.42 1,365,514.00
1.,375,408.42 1,365,514.00
913,026.86
9'17,026.86
CURRENT LIABILITY
7 SHORT TERM BORROI,!'ING
SECURED
Cash Credit Facility from banls
Sedfted against Wpothecntiotr of all ctu-rellt assets nfid cllarge aoer
fxed assets.
;
TRADE PAYABLE
Trade payable- Due to Micro,Snall & Mediun Enterpdses
Trade Payables-Others
OTHER CURRENT LIABILITIES
Repayment of Term Loan Kotak Mahindra Bank
Repayment of Term Loan HDIC Bark
Repaynent of Term Loan PNB
Anount due to employees
Others Current
Advance From Customers
SHORT-TERM PROVISIONS
Provision Ior Expenses
Others
20,754,903.00 76,376,586.00
20,754,903.00 1.6,376,586.00
1.4,263,754.00 4,664,696.40
74,263,754.00 4,664,696.40
600,000.00
473,000.00
9 ,359.00 577,531..00
1,99&359.00 577,531.00
4,975,6'10.39 2,42'r ,635 .00
4,975,6'IA 39 2,421 ,635 .00
12 NON CURRENT INVESTMENTS
MVRIPPL &MMPPL Conso*ium Advance
Non Tmd€ Investments
a) Unqloted shares
b) Investmenf in Mutual Fund
NON CURRENT ASSETS
a#
8. LONG TERM LOANS AND ADVANCES
Deposits
Margin Money
MVRIPL & MMPPL Consortium
Retention IRCON
OTHER NON CURRENT ASSETS
GIDC toward$ honda land
Security Deposits
Deposits Govemment Authodties (SaleE Tax Deposit)
CURRENT ASSETS
INVENTORIES
Raw Material
Revenue Work In Progiess
Finished Goods
TRADE RECEIVABLES
UNSECURED
:
Over Six Montl$ -Good
Other Debts - Good
Doubtful
Le6si Provision for Doubtful Debts
Debls DIE ffon cotnDa,ties h der lhe sa rc rna neetne|t
Debts Due froln directors or other offrcers of the colnvahu
CASH AND CASH EOUIVALENTS
Cash in hand and as Imprest
Balances with banks :
in Curent Accourts
in Dividend Accounts
in Deposit Accounts
SHORT TERM LOANS AND ADVANCES
Duties & Taxes
Advance given to Suppliers
Prepaid Expenses
Balance with Govemment Authorities
Other Loans & Advances
Acctued interest
OTHER CURRENT ASSEiS
515,658.00 579,932.00
2500,000.00 12850,000.00
2,932,201 .00 2,872,957 .00
1,089,309.00
3,545,771.00
4,634,480 .40
10,942859.00 2't,302,889.00
1,150,885.00 3,71't,462.40
40,543,759.00 6,647,082,00
4'!,694,644.00 70,358,544.00
41,694,644.00 10,358,544.00
157,099.00
225,478.00
4,814,590.00
245,176.28
816,878.00
313,302.00
5,7y7,767 .00 7,375,356.28
4,934,577 .00
459,000.00
z242sA.00
3,043,508.00
'148,625.00
168,539.00
4,554,465.00
34s98.00
70,828,294.00 4,757 ,602.00
9. Advances to Creditors for Expenses
Notes To Accounts
Particulars
REVENUE FROM OPERATIONS
Sales of Products
Sale oI Services
Oiher Operating Revenue
Less : Excise Duby
Net Sales
21 OTHER INCOME
Tlansportation Charges ( Own Vehicle)
Discount
Interest
Miscellaneous Income
HiIe Charges Received
2't,582,082.00 14,577,448.00
149,40s,485.00 9,290,966.00
'170,987,567.00 23,848,014.40
---1?6,r8?,so.oo 23,8oeo14D
3,'t95,666.40
920,475.40
269,515.00
15,791.00
827,169.40
7,484.40
?92,638.00
14,940.00
4,401,447.00 1,142,231. .00
:
CHANGES IN INVENTORIES OF FINISHED GOODS WORK.
IN-PROGRESS AND STOCK-IN-TRADE
Stock at close - Process & By Ptoduct
Stock at close - Finished
Stock at conmencement - Process
Stock atcommencement - Finished
(Increase) / Decrease in Stocks
COST OF MATERIAL CONSUMED
Opening Stock
Add : Raw Material Purchased
Less : Closing Stock
Raw Material Consumpation
OPERATING EXPENSES
Contract WI,P
Contlact Charges
Siie Expenses
Consumables Puchases
Freight & Coolie
Elechicity Charges
Cenerator Running & Maintenance
Machinery Repairs & Maintenance
Factory Repairs & Maintenance
2,872,956.04
24,722,956.00 't,990,034.62
(10,290,7ss.00) (18,732,921,.38
579,932.40 38,750.00
6,1,680,783.00'12,727,532.40
515,658.00 s79,932.00
64,745,057.00 12186,350.00
64,745,057.00 !2186350.00
2s00,000.00
2,932,2U.04
12850,000.00
2,872,956.40
10,432,201 .04
12850,000.00
20,722,956.00
1 ,990,A34.62
17 ,507 ,573.00
1,304,529.00
2,365,409 ,00
376,034.00
7,347 ,990.04
99,510.00
'1,440,937.00
10,953,173.00
8,015.00
31,499.00
55,940.00
423,405.00
4,930.00
60,611.00
2,443,521 .00
11. *.'.',*
i) The ComPany has made adequale provision for Curent Tax of Rs .2519937/ - (P.Y, 7 124223 / -) under the provisions ol
IrEdme Tax Act, 1961.
D The ComPany has Provided for the defened tax based on the tax effect of timing differences, which will rcverse in future. The
break up is as uader:
Particulars
Less: Deferred Tax Ass€ts
Net Deferred Tax Liabilify
29 Audito$ Remunelation
At 31.03.2017 (<) At 31.03.2016 (r)
't,375,408.42 1,365,513 .57
Particulars
'1375408.42
For Statutory Audit
For Tax Audit
Consultang/ Fees
30 Related Pa*ies Ttansacfions
i) Related Partv and thelr relationshlo
a) Kgv Manaqement personnel
L T M Michael
2. CirilMichael
3. Kuttiyamma Michael
31.03.2017{l) 31.03.2016(t)
100,000.00 189,496.00
'100,000.00 189,496.00
b) Assoclated Conce.n
1. Michael & Michael manufacture and contractors pvt ltd
2. Michael & Michael
3. Shreenath Presstressed Pvt Ltd
c) Other Related Parties
Di.ector
Director
Director
Nature of
Relationship
Have a common
director
Properietorship of
Relative of a
Director
Relative of Director
a is a Director
pv--si I YY! l r 6
. [ {0(til-t9 ,.
e#
ti
I
13. nz
N;
-
a
I
ts lz
l>F
->:ln
:
IE
n
7
o
2
r
H
t;
!,
b
F
F i
B
:
9
+
99
s
bq
sr
N
J
!,
b.
d
(!
9 ! !_
>1
E
N
F
:r
i-
:
J:
s'
N
c
F
5 I
I
N
d
B
a
:l
H
1., F d
-
d
s
:
>r
B
5
E
s
;
F
F
tr
i.J
9
:r
i') t
;
!p
:
q
z
!
d
.a
b.
d
tr
P
B
u c
d
i.r
:.r
6
nq
.TI
:'r
?
E
P
P
AZ
ti<
t<j
l(/) rn
tz:
a;
(n
:
ri
ll-N
ll9
lt:
[ ].J
il:
{llr^
il'
[-€.
I:J
:{
l;
-l
F o
2
q
s s s s
:
F
o
:
I ry -'
:l
i3
c
O
I
;
E
N
v
N
c
E
S
a
E
z
!
s
ffi
14. INDIAN INCOME TAX RETURN ACKNOWLEDGEMENT
Where the data of the Return of Income in Form ITR-I (SAHAJ), ITR-2, ITR-3,
ITR{, ITR{, lTR6,lTR-7 transmitted electronically with digital signaturel
Assessment Year
2017-18
F
zt
<)i
>z
Yal
:!a I
aa !.1 i
z='
-:--!<El
v1
xa
Nsme PAN
AAECMOS45LMICHAEL d-D YICIIAEL PIPES PRTVATE LII!trTEI)
Fhr/Door/Blocl o Name Of Premises/Building/Village Form No, which
has been
electronically
transmitted
3R.D FLOOR CARIX)ZA BLITLDING
R..d/Str..ntd Oft. A rer/Loc! lity
PATTO
Pvt Comoanv
STATUS
T.rrrcity/Dittri.a State PinZipCode Aadbaar Number/Enrollment ID
PANAJI GOA
403001
Designation of AO(ward/Circle) ryI
Original or Revised ORIGr|iAL_l
E-fi ling Acknowledgement Number 29566420t011117 Date(DD/MM,ryYYY) 0j-tt:2017
9<
v=
Zt-
>^
=zo-
I Gross total incooe 1 81231 14
2 Dedudiotrs uadq Chapter-Vl-A 2 0
3 Tota! Income 3 81231r0
JA Cur.ent Ycar loss, ifany ,, 3a 0
4 Net tax peyable iy^>$4tfiK>-/ 4 2426381
5 lnterest payable
-td[e !(3?p*V/,/ 5 0
6 Total tax and int€rest payable 6 2426381
1 Taxes Paid
a Advance Ta- 7a 0
b TDS 7b 29306s6
c TCS 7a 29500
d SelfAssessment Tax 7d 0
e Totrl Taxes Paid (7
^+1*1c
+1d)
2960156
t Ta Pr5r&le (67e) 8 0
9 Retund (7e-6) 9 533780
l0 Exempt Income
Agriculture
l0
Others
This retum has been digitally signed by T M MTCHA€L in the capacity of DIRECTOR
having PAN AE?M3497F from Ip Addrcss 59.95.14.65 on 07-ll-2017 at PANJIM
. I l0l9863CN--e-M udhra Sub CA for Class 2 Individual z0l4,Ou=Certifying Authority,O=€Mudhra Consum€r Services Limited,C=tN
DSC 5l NO & lssuer
15. FORM NO. 3CA
lsee ruls 6G(lXa)l
Audit report under lectio! 44AB of the locoEFter Act' 196l io a cls€ where the
rccouots of thc bEsilcst or pFofe$ioD ofs pcrson h've b€eE
'udited
ulder rDJ otler hw
l.l rE on dgt rh. sraruoq audir of }ITCHAEL AD }{ICHAEL PIPFS PRfV'ATI LLVITEI) 3RD Flr(X)R- CrRIX)ZI B
t'n-Dtlc- TATTO- - TNAJL GOA {3tt A .ECttI45L *&s cooducted by Ur S GAILxDRABABI in p.rsrame of
fu For rsiors of rhc c{}vrf,}' AcT Ac1 ard I .nn€x lErE to a cop) of llt audit rEpod d.r.d a5/t2tl7 ehqg $irh
! cs! dh of
(.) tu rdn d ft{ d b d fc 6c prrbO bcgr!trDg frorD alirsrr' ro
'odllg
6 lriyl.r?
O)rhc rdncdbrbtuc1 .cU[U: d
(c) dcrm drrd by 6e 5.i, db b.Frof,.aaqcd rc,6c ftrldbc rdb.b tH-
2- Tbc srrl.rEat of rti(.uhrs rlquittd ro bc firdsh.d rrcrr scsim ,l{AB rs dEGd b.rsrvfuh id F6B No. 3CD.
3. h !g opinion and ro drc best of Ml informrrion and sordiog to examioation ofbooks ofaccount including other relevan!
documens ind explanations given to lle the paniculars given in the said Form No, 3CD and the Annexure therelo arc lrue and
correct subject to the following observations/qualifications, ifany.
Where anv ofthe requirement in the Form is answered in the Negative or with qualification, give reasons therefor
FRN (Firm Registratiotr Numb€r)
Address
I CREDTTORS. LOANS AND ADVANCES NOT PRODUCED BEFORE U
.
S THESE IFO. ARE SUBJECT TO CONFIRMA
16. FORM NO.3CD
[See rule 6G(2)]
statement ofparticurars required to be furnished under section 44AB of the Income-tax Act. l96r
Name of the assessee MICHAEL AND MICHAEL PIP-STRIVATE LMITED
2 Address 3RD FLOOR, CARDOZA BUILDING,, P,{ITo;TTNAJI.IO
A, 40300r
3 Permanent Account Number (PAN ) AAECM0845L
4 Whether the assessee is liable to pay indirect tax Iike eyoise
duty, service tax, sales tax, customs duty,etc. if yes, please
furnish the registration number or any other identification
number allotted for the same
Yes
5
6
1
B
No.
SI Type Registration Numbii-
Sales VAT/Tax GOA
Status
Assessment Year
I
SI
No.
Relevant clause of section 44AB under which the audit has beenioffi-
Lraus€ 44Ar'(A)- | oral sales/nrnover/gross receipts in business exceeding Rs. I crofe
9 a lft.irmorAssociationofPersons,indicatenamesof@
ofAOP, whether shares ofmembers are indete.minate or unknown ?
).NO. Name
tPEfriSEr
(%
Cc R"tio
9 b lf there is any change in the partners or memb
preceding year, the particulars ofsuch change.
S. No. Date ofchange Name of Partner/
Member
'lype of
change
Old profit
shanng
ratio
New
profit
Sharing
Ratio
Remarks
l0 a NatureofbusineSsorprofession(jfmoIethanonebusines
ofevery business or profession).
S.No.
'eClof Sub Secior Code
I Manufdctudng Industry Others 0124
t0 b Ifthere isanychange in thenarure ofbusine@ No
S.No. I
Business lSector SubSector Code
a I
wh",h"J_book. of u."oun,. u." pt.r".ib"d un@ Yes
S.No. Books prescribed
sate and Purchase Register. Cash and Bank book. Ledger. GeneraiTiEEiiiiE-Jin-iiilfi?Eii
ll b L|stofbooksofaccountmaintainedandtheaddressatwtr
are maintained in a computer system, mention the books ofaccount generated by such computer system. lf the books of
accounts are l,lot kept at one location, please furnish the addresses oflocations along with the detaili ofbooks ofaccounts
maintained at each location.) Same as I l(a) above
S.No. Books maintained Address Line I Address Line 2 City or Town or
District
State PinCode
Sale and Purchrse Re
gister, Cash and Ban
k book, Ledger, cen
eral Ledger and Jour
nal Ledger
3RD FLOOR, CARD
OZA BUILDING,, PA
TTO
panaji GOA 403001
ll c Lrst ofbooks ofaccount and nature ofreleuant documents examined. Si66iJ-iT@fi66G
JS.No. I
Books Examined
12 wnellrer the proht and loss account includes any profits and gains assessable on presurnptive tasGliflesliiiicarc-
the amount and the relevant section (44AD,44ADA,'44AE,44AF,448,44BB, 44BBA, 44BBB, chapter xll-G,
First Schedule or any other relevant sechon).
No
S.No. lSection Amount
l3 a Merhod of accounting emp@
l3 b whethe.therehasbeenanychangeinthemetlrodofaccounffi
the immediately preceding previous year.
No
17. ans'er lo
an adjusrmenl rs
::alir.1e compuuttion and disclosure s|andards nolified under section
3i.srer !o (dlabo!e is in the such
lo be maoe !o or
ve, gr e
provtslons
il :
lne seclion I
:-a.a arLaIi: Lar lOiS. t-umish:
a P3.:::.'ihls
e '-le lor
credits. ofcusloms or or serylce lax, or
tal(. * here such credits. drawbacks or refund are admitted as due the authorities concemed
property Line 2
as per lhe In! ome-|ax l96l respecl asset or assets, as
asser convened inlo
which the asset
is converted into
stock-in trade
-o r3r Descriplion ofcapiul asset
scope of seclion l8
authority of a State Govemment refered to in section 43CA or 50C,
Down
Value at the
end of the
year (A
+B-C-D)1+2+3+4
Value (l)
18. Amounts le
as per the provisions of the Income-tax Act,
196l and also fulfils the conditions, if any specified under the
relevant l4provisions of lncome-tax Act, l96l or Income-tax
Rules,1962 or any other guidelines, circular, etc., issued in this
behalf.
sum naid to an emplovee as bonrrs or
to him as profits or dividend. [Section 36( lXii)]
(i) as
) Details of on which tax is not
(B) Details ofpayment on which tax year or in the subsequent year
before the expiry of time prescribed under section200(l)
sub- section (l) ofsection 139.
oI L tame
Town
District
payment lof payment the payee lthe
19. rB, D(:Jr.i oip:rmcl.l on hlch le" ha
rir.- e.rron r I i of section Ll9.
n. PA
'1
il:ili" I I
: :: : :
dLrcred bLLr has not been pald on or Dcr drte sDecitled In
.,-. u3ie ol
l3 manl
-mouru ature ame of
]PAN
oi
;:r-.", ::,.-, li-:", Liil".",',
avaliable
Address
Line I
Address
Line 2
City or
Town or
Distfrct
Pincode AmoLlnt
of levy
oeouc!ec
Amounl oLll
of (VI.
deposited, il
any
:n a nnn rl-tllenl T e!c. iii)
ffimcln! of Nane oi !l1e IPA
;:ir.i:.: J3)men! Palje 'the PaYe
ar aliable
Address
Line 2
City Pincode
::: !u
(rl la
(c) Am(
.113-r.- {r )
,.;,r l"
'hnlnvpr
f^r nprdrrrsrleq lln( ler sub aiause ( )
@ng.intetest.salar1,bouus.commissionor
l0lh)/40f hr') and comnutation thereoi
S.No. *-*"1.-l* olurr ci.trireO lemounl Am(
/L tuC Admissible Llnad
)unl
missible
Remafks
(d) Disalloance deemed lncome undef sec
rA' Oa tlle bas,s of the ecmlniltlon o
ep.-ndilure coered under section 40A(i
^- "--,r',n' nar>: hrnk dmfi Ifnol nlea
accouni te
) .ead lth rule 6DD vere made by account payee
e t'umish lhe delails:
cheqr
lence, whether the
re drawn on a bank
Yes
S.o. Date Oi Pa) menl Nar,rre Oi Amounl in Rs ame ot the payee
Payment I
Pennanent Account
Number oi the payee. if
available
cuments/evidence' whether lhe paymenl
referred to in section 40A(3A) read with rule 6DD were made by accounl payee cheque drawn on a bank or accoLrnt
payeebankdraftlfnot,pleasefunrishthedetailsofamountdeemedtobetlreprofitsandgainsofbusinessol
nrofe(sion under seclion 40A(lA)
YCS
S.No. Date OfPayment Nature Ol
Payment
Amount in Rs Name of the payee Permanent Accounl
NLrmber of the payee, if
available
A Pro"Gton fo-r pa),ment of gralurly llot allowable under seclion 40A 1)
d bv the assessee at arl employer nol allowable tlnoel s(clloll quA{qr
gl PaflrcLrlars of anv liability of a colltLngent tqt,,re ,
S.No. Nature Of Liabilit Amount in Rs.ry
ffin14AinreSpectof|heexpe[ditureincurredinrelatlonto
:._::trr-aaate
S . .r:rre Oi Liabiiil Amoun! in Rs.
iii)tothe
22 and Medium Entetprises Development Act
2006
2l
S.N o. Name of Related
Person
PAN of Related Pelson I Relatrort Nature ot
trasaction
Payment Made(Amount)
24 @.!,ion J2ACo'. llAB ot
S.No. Section lDescription Amount
Nil
25
S.No. Na$e ofPersoD Ifr6iililr in..
'n" lSe.t'o" lDe'clrptiott oil rrnsaction CompLrtaLron rt alry
Nil
26 i)- hirespeaGlarl) srm refened ro rn clarr'c I cr. , b). {j1]!Il9):!]9]4 seciion 43B, the liability for hich:'
26 (')A pre;GGa or1 rl;Trst-dt;fnejrevious year but was not allowed in the assessment oi any precedmg prevrous yea
and was:-
26 F;i d d-r, ril glhe tA'6u s ),ea rAXa)
S.No. Nature of liabilitySection
NiI
26 t(ixAXb) Nor paia drnru tle pret
'or,t
)€"
Amoul1lS.o. Sectron Nalure of liabrlr!)
20. any otlrer indirecl lax. levy. cess. imposl. etc.. is passed
the profit and loss account.)
o. of Shares lAmount
Received lconsiderrtion
Fair Market
value of the
shares
market value ofthe shares as refened to in section please fumish the details ofthe same
ue Aooeo I a or urrseo ouflrg rne prevrous year
::r ::atli i::d 1c.. account and treatlnent of oLllstandi Centfal Value Added Tax Credits in accounts
i:''.1:
S.No.rame of PA),I of the ame of the
treaimenl
whether during the previous year the assessee has received any property, being share of a company not being a
company in which the public arc substantially interested, without consideration or for inadequate consideration as
refened to in section 56(2Xviia)
the person oe6on.
from araiiablc
$hich
shaaes
received
if c,rmpany from
:rich shares
i;ael ec
CIN ofthe company
person,
State
person
'::.: :-. -:::_* :.e :r.t: :1..':igi an aCCOunl ia) ec .:heque.(Seclion 6qD
from rvhom consideration
aeae: ed ta: issue ofshares
a ailable
:: . :a :: 3::1r-:l
-Ooa:a
x3l all h':nd: or anr amount due
r,3::le !.i PA of Address .{ddresi City or
'ri :le Line I Line: Town or
le-.: ]e-!..- Dist.ict
:i,.ir :f
n :lan l a::3cle
:ti.- -::
:':-i.r al
._::3a::i
.-: i-:l'
on the amount
loan or deposit
was taken
or accepted
cheque
or accepted during:-:: t-.:::
:ia :=:!ri:s
'-5e
Iender
asah :..3r or deposit in en amounl
rerlnan€
Account
case
loan or depositamount
outstanding in
the account
at any time
drLrirlg the
Number(if
availSble
with the
assessee)
of the
lender or
the
of
loan
or
the
loan
or
or use o
electronlc
clearing
system
was taken
by cheque or
bank draft,
whether the
same was taken
or accepted
by an account
taken
or
or bank draft
sq
during
tne
l**'''"'
or or qePosrror
deposiror
year
21. previorls lthrough a
lpayee cheque
year I lbank
account
Jor
an account
I I ]luY"" bank
I I ldraft.
3l b particulan ofeach specified sum ir an amount exceecllng me llmtl specllleo ln sccrturr e!!!Pr!s sq!r!15
tlre nrevious vear:-
S.No. Name of lhe person from
whom specified
received
ddress of the person
iom whom specified
ium is rcceived
Permanent
Account
Number (if
available
with the
assessee) of
the person
from whom
specified
sum is
received
Amount
of
specified
sum
laKen or
accepted
Whether the
specified sum
was taken or
accepted by
cheque or bank
draft or use
of electronic
clearing system
through a bank
accouIIt
theln
specified sum was
taken or accepted
by cheque or bank
draft, whether the
taken
accepted Dy
an accounl payee
cheque
account payee
bank draft.
Nit
(Par
byu
ticul lrstO and-Gt.eed not be given in the case of a Govemment company' a banKlng company or a corpolaLru"
*^l cl^r- ^. Dr^t/ih^iol A.r
'_"-'-_""_-____ , :: :;ii : ::::::::::; :.:::;:::;i: ii;l;;--.il,.a
31 c Particulars of each repayment of loan or deposll or any speclrreo auvaltuts rrr ax drr!uurrt c^velu'rtE
in section 259T made durinq the previous year:-
S.N o. Name of the
payee
Address of the payee Permanentl
Accounl
Number(if
available
with the
assessee)o
the payee
Amoun
of the
repayn
Maximum
amou[l
qrtrstanding in
the account
at any Dmg
during the
previous year
Whether the
repayment
was made
by cheque
or bank
draft or use
of glectronic
system
through a
bank account.
ln case the repayment
was made by cheqrLe
or bank draft, whether
the same was taken or
accepted by an account
payee cheque or an
account payeg bank draft.
Nil
3l d ulars ofrepavment ofloan or deposlt or any spealneo aovance m an alltouln E^uEsuxrE rxe rrrrrr! lPwwrr!vs ru oweuv!
J."luJ i*,e*ir. thdn by a c'heque or bunk druft or.,or" of electronic clearing system through a bank account
1 the fievious year:-ounnj
S.No. Name ofthe payer Address ofthe payer Permandnt Account Number (ll
available with the assessee)ofthe
payer
Amount of loan or
deposit or any specified
advance recelveo
otherwise than bY a
cheque or bank draft
or use of electronic
clearing systemthrough a
bank account du ng the
previous year
3l e i ceeding the limit specified in sectior
Z69T received by a cheque oi bank draft which is llot an account payee cheque or account payee bank draft during the
orevious vear:-
S.N o Name of the payer Address ofthe payer Permanent Account Number (if
available with the assessee)ofthe
payer
Amount of loan or
deposit or any specified
advance received bY a
cheque or bank draft
which is not an account
payee cheque or account
payee bank draft during
the previous yeaf.
Note: (
taken (
or Pro
Particulars at (c), (d) and (e) nee,
rr accepted from Govemment, Go
,incial Act)
fioit" giuenin the
"".e
vemment company, bankil
of a repayment of arq, Ioan or de
lg company or a corporation esta
posit or specified advance
blished by a Central, State
32 a n the following manner, to extent available
22. S.No. Assessment
Year
Nature of loss/allowance Amount
as
returned
as
Amounl
assessed
Order U/S and
Date
Remarks
Nil
32 b whether a Aa"g"G;Er"hoiai;E;nhe company has taken place in the pr€vious year due to which
the losses incuned prior to the previous year cannot be allowed to be carried forward in terms of
section 79.
No
32 Whether the 'assessee has irrcurred any specr-rlation Ioss referred to in section 73 during the previous year. No
Ifyes, please furnish tbe
details below
32 o Whether the assesrsee has incuned any loss refened to in section 73A in respect of any specified business
during rhe previous year
No
Ifyes, please lurnish details
of the same
32 e m case ofi co-p".ty-,ph"s" state that wl]ethe. the company is deemed to be carrying on a speculation business
as referred in erplanation lo section tl
-
lfyes, please furnish the details ofspeculation loss ilany
incurred during the previous year
33 pter vrA or c!l1E!!41! l€99!!Llq!El!llq!!) No
S.No
Nfl
ffi
34 a W6etffiT;;G;seels required 6 deduct or collect tax as per the provisions of Chapter XVIt-B or Chapter
XVll-BB, ifyes please turriish
No
S.No. axT
deduction
and
collection
ACCOUn!
Number
(TAN)
Section Natue ot
paymenr
Total
amount of
payment
of receipt
of the
natufe
specified
in column
(3)
Total
amount
on
tax was
which
be
requlred
to
deducted
or
collected
out of (4)
Total
amount
on which
tax was
deducted
or
collected
at
specified
rate out of
(5)
Amount
of tax
deducted
or
collected
out of (6)
Total
amount
on which
tax was
deducted
or
collected
at less
than
specified
rate out ol
(7)
Amount
of tax
dedrcted
or
collected
on (8)
Amount ol
tax
deducted or
collected
not
deposited
credit of
the Central
Govemmen
out of (6)
and (8)
theto
Nil
b mffifl}Te-assessee-MifirnishAlie statemenr of tax deducred or tax collected within the prescribed time
Ifnot. please fumish the details:
Yes
S.No. Tax deduction
and collection
Account
Number (TAN)
Type ofForm Due date for
furnishing
Date of
furnishing,
if tumished
Whether the statement of tax deducted
or collected contains information about all
transactions which are required to be reponed
Nil
c WGih;r rh-e ass;see is lia-6i; !o pay interest under section 201( lA) or section 206C(7).lf yes, please fumish No
S.No Tax deduction and collection
Account Number (TAN)
Amount of rnterest
under section
201(lA)/206C(7) is
payable
Amount Dates ofpayment
Nil
35 a @tative details of prinicipal items ofgoods traded
S.No Item Name opening
stock
Purchas.
es
during
the
previour
year
Sales
ouflng
the
previolls
year
Closing stock Shortage,
excess,
ifany
Nit
35 b Lllhe case-offi111611;6tudng9 oncem, give quantitative details of the principal items of raw materials, tinished products
and by-producrs .-
35 bA Raw materials :
S.No. Item Name Unit Openln
stock
Purchases
dLlring the
prevrous year
LOnSUmpll-
on cluflng
the
previous
year
Sales
during
the
previoui
year
Lloslng
stocK
_ Y lelo
of
finished
prooucr!
age of
yield
excess,
ifany
23. 3. ::-t--_:s
rngP
sloai.. drr lng tbe manLr fac tu r prevlous year
t:i lou 5 ear ed during
rhe
rs3iler ltem value
anl
)es, any,
as may be
prevlous
year
Acl. 1
eement on an)
by rhe auditor
an! cost
i res. eire the
pro
Tuftover
)IOIK-ln-
Trade
rr any, oa disa8:reemenl on any
' as may be ed identified b the cos! auditor
Tumover
Place
Date
Panaji
01tr'/20u
Name
Membership Number
FRN (Firm Registratiou NLtmber)
the case ofa domeslic company. cletalls ol tax on
;.llitTotal
"mounillE;
Amount ofltct Amounr ol](d) lolal tax
of dist buted lreductioll as lreducliorr as lthereon
profits ]referred to in rclerred lo in
sectiol] 1 .5- seetion
o(lAXi) o{ I -A.xii)
of the pin'otrce act, tg94 in relaliotl to valuation of taxable
services as may be reported/identified by the auditor
yes, give the details, if any, of disqualltlcatlon or dlsagreemenl on any
as may be reported./identified by the audltor
the previous year under any tax laws other
tax Act, l96l and wealth tax Act, 195? alongwith delails ofrelevant
24. Address 501 sth floor B Wing Suntek Kanaka. Opp
: KTC Bus stand. Panajl. GOA.403001.