FORM NO. 3CD[ See Rule 6G (2) ]

STATEMENT OF PARTICULARS REQUIRED TO BE FURNISHED UNDER SECTION 44AB OF THE INCOME TAX ACT, 1961

P A R T - A

1. Name of the Assessee : JAINUL ABEDIN

2. Address : PROP : M/S 786 LUBRICANT CENTREO.T. ROAD, BALASORE

3. Permanent Account Number : NOT ALLOTTED (G.I.R. NO : J - 47 / IND)

4. Status : INDIVIDUAL

5. Previous year ended : Period from 1st Aug. 1998 to 31st March 1999

6. Assessment year : 1999 - 2000

P A R T - B

7. a) If firm or Association of persons, NOT APPLICABLEindicate names of partners/members and their profit sharing ratios.

b) If there is any change in the partners/ NOT APPLICABLEmembers or their profit sharing ratios,the particulars of such change.

8. a) Nature of Business or Profession. Retail trading in Lubricants.

b) If there is any change in the nature of NOT APPLICABLEbusiness or profession, the particularsof such change.

9. a) Whether books of account are prescribed No books of account are prescribed under section 44AAunder section 44AA, If yes, list of books of the Income Tax Act, 1961.so prescribed.

b) Books of Account maintained. Cash Book, Bank book Journal, Ledger, Purchase Register,(In case books of account are maintained Sales Register.in a computer system, mention the books of account generated by such computersystem)

c) List of Books of account examined. Cash Book, Bank book Journal, Ledger, Purchase Register

Sales Register.

10. Whether the profit and loss account includes No Profit has been credited to profit and Loss accountany profits and gains assessable on presumptive on presumptive basis.basis, if yes, indicate the amount and the rele-vant section (44AD, 44AE, 44AF, 44B, 44BB,44BBA, 44BBB or any other relevant section).

11. a) Method of accounting employed in the The assessee followed mercantile system of accounting inprevious year. thePrevious year.

b) Whether there has been any change in NOT APPLICABLEthe method of accounting employed vis-a visthe method employed in the immediatelypreceding previous year.

c) If answer to (b) above is in the affirmative, NOT APPLICABLEgive details of such change, and the effect thereof on the profit or loss.

d) Details of deviation, if any, in the method In our opinion there is no major deviation in the methodof accounting employed in the previous of accounting from the accounting standards prescribedyear from accounting standards prescribed under section 145 of Income Tax Act, 1961.under section 145 and the effect thereof on the profit or loss.

12. a) Method of valuation of closing stock Stock is valued at cost.employed in the previous year.

b) Details of deviation, if any, from the In our opinion thereare no major deviation from themethod of valuation prescribed under method of valuation prescribed under section 145 A.section 145A, and the effect thereof onthe profit or loss.

13. Amounts not credited to the profit and lossaccount being, -

a) the items falling within the scope of As explained the assessee does not have any othersection 28 ; profit within the scope of Section 28.

b) the proforma credits, drawbacks, refunds N I Lof duty of customs or excise, or refundsof sales tax, whether such credits, draw-backs or refunds are admitted as due bythe authorities concerned ;

c) escalation claims accepted during the N I Lprevious year,

d) any other item of income ; N I L

e) capital receipt, if any. N I L

14. Particulars of depreciation allowable as per the NOT APPLICABLEIncome-tax Act, 1961 in respect of each assets or block of assets, as the case may be,in thefollowing form : -

a) Description of asset / block of assets.

b) Rate of Depreciation.

c) Actual cost or written down value, as

the case may be.

d) Additions / deductions during the year withdates, in the case of any addition of an asset,date put to use ; including adjustments onaccount of - (i) Modified Value Added Taxcredit claimed and allowed under the CentralExcise rules, 1944, in respect of assets acquiredon or after 1st March, 1994, (ii) change in rateof exchange of currency, and iii) subsidy or grant(or reimbursement, by whatever name called.

e) Depreciation allowable

f) Written down value at the end of the year.

15. Amount admissible under sections 33AB, 33ABA,33AC, 35, 35ABB, 35AC, 35CCA, 35CCB, 35D, 35E :-

a) debited to the profit and loss account N I L( showing the amount debited and deduction allowable under each section separately ) ;

b) not debited to the profit and loss account. N I L

16. a) Any sum paid to an employee as bonus or N I Lcommission for service rendered, where such sum was otherwise payable to him asprofits or dividend [ Section 36(1)(ii)]

b) Any sum received from employees towards N I Lcontributions to any provident fund or super-annuation fund or any other fund mentionedin section 2(24)(x); and due date for paymentand the actual date of payment to the concernedauthorities under section 36(1)(va).

17. Amounts debited to the profit and loss account being :-

a) expenditure of capital nature ; N I L

b) expenditure of personal nature ; N I L

c) Expenditure on advertisement in any souvenir, N I Lbrochure, tact, pamphlet or the like, publishedby a political party ;

d) expenditure incurred at clubs, -

i) as entrance fees and subscriptions; N I L

ii) as cost for club services and facilities N I Lused.

e) i) expenditure by way of penalty or fine for N I Lviolation of any law for the time being in force.

ii) any other penalty or fine; N I L

iii) expenditure incurred for any purp- N I L

ose which is an offence or which is prohibited by law;

f) amounts inadmissible under section 40(a); N I L

g) interest, salary, bonus, commission or NOT APPLICABLEremuneration inadmissible under section40(b) / 40(ba) and computation thereof ;

h) amount inadmissible under section 40A(3) N I Lread with rule 6DD and computation thereof;

i) provision for payment of gratuity not allowable N I Lunder section 40A(7);

j) any sum paid by the assessee as an employer N I Lnot allowable under section 40A(9) ;

k) particulars of any liability of a contingent N I Lnature.

18. Particulars of payments made to persons specified N I Lunder section 40A(2)(b).

19. Amounts deemed to be profits and gains under section N I L33AB or 33ABA or 33AC.

20. Any amount of profit chargeable to tax under section 41 N I Land computation thereof .

21. * i) In respect of any sum referred to in clauses (a),(c) (d) or (e) of section 43B, the liability for which;

A) pre-existed on the first day of the previous year N I Lbut was not allowed in the assessment of any preceding previous year and was

a) paid during the previous year, NOT APPLICABLE

b) not paid during the previous year, NOT APPLICABLE

B) was incurred in the previous year and was N I L

a) paid on or before the due date for NOT APPLICABLEfurnishing the return of income ofthe previous year under section 139(1);

b) not paid on or before the aforesaid date - NOT APPLICABLE

ii) In respect of any sum referred to in clause(b) ofsection 43B, the liability for which -

A) pre-existed on the first day of the previous year N I Lbut was not allowed in the assessment of any preceding previous year :

a) nature of liability; NOT APPLICABLE

b) due date of payment under second NOT APPLICABLEprovisio to section 43B;

c) actual date of payment; NOT APPLICABLE

d) if paid otherwise than in cash, whether NOT APPLICABLEthe sum has been realised within fifteendays of the aforesaid due date;

B) was incurred in the previous year; N I L

a) nature of liability; NOT APPLICABLE

b) due date of payment under second NOT APPLICABLEprovisio to section 43B;

c) actual date of payment; NOT APPLICABLE

d) if paid otherwise than in cash whether NOT APPLICABLEthe sum has been realised within fifteen days of the aforesaid due date.

* State whether sales tax, customs duty,excise duty or any other indirect tax,levy, cess, impost etc. Is passed throughthe profit and loss account.

22. a) Amount of Modified Value Added Tax credits NOT APPLICABLEavailed of or utilised during the previous yearand its treatment in the profit and loss accountand treatment of outstanding Modified Value Added Tax credits in the accounts.

b) Particulars of income or expenditure of prior N I Lperiod credited or debited to the profit and loss account.

23. Details of any amount borrowed on hundi or any amount N I Ldue thereon (including interest on the amount borrowed)repaid , otherwise than through an account payee cheque.[Section 69D]

24. a)* Particulars of each loan or deposit in an amount N I Lexceeding the limit specified in section 269SStaken or accepted during the previous year :

i) name, address and permanent account NOT APPLICABLEnumber (if available with the assessee)of the lender or depositor ;

ii) amount of loan or deposit taken or NOT APPLICABLEaccepted;

iii) whether the loan or deposit was squared NOT APPLICABLEup during the previous year ;

iv) maximum amount outstanding in the NOT APPLICABLEaccount at any time during the previousyear ;

v) whether the loan or deposit was taken or NOT APPLICABLEaccepted otherwise than by an accountpayee cheque or an account payee bank draft.

* (These particulars need not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act.)

b) Particulars of each repayment of loan or deposit in N I Lan amount exceeding the limit specified in section269T made during the previous year :-

i) name, address and permanent account NOT APPLICABLEnumber (if available with the assessee)of the payee ;

ii) amount of the repayment ; NOT APPLICABLE

iii) maximum amount outstanding in the NOT APPLICABLEaccount at any time during the previousyear ;

iv) whether the repayment was made NOT APPLICABLEotherwise than by account payeecheque or account payee bank draft.

25. Details of brought forward loss or depreciation allowance, inthe following manner, to the extent available : Serial Assessment Nature of Amount as Amount as Assessed RemarksNo. Year loss/allowance returned (give reference to

(in Rupees) (in Rupees) relevant order)

--------------------------------------------- > NOT APPLICABLE < -----------------------------------------------

26. Section-wise details of deductions, if any, admissible N I Lunder Chapter VI - A.

27. a) Whether the assessee has deducted tax at source No tax was deductible at source during the previous year.and paid the amount so deducted to the credit of the Central Government in accordance with theprovisions of Chapter XVII-B.

b) If the answer to (a) above is in negative, then give the following details :- Serial Particulars of head Amount of tax Due date for Details of payment RemarksNo. under which tax is deducted at remittance to Date/Amount

deducted at source. source(in Rupees) Government (in Rupees)

--------------------------------------------------- > N O T A P P L I C A B L E < ---------------------------------------------------

28. a) In the case of a trading concern, give quantitative As the assessee deals in numerous small items and in thedetails of principal items of goods traded : absence of stock register, It is not possible to furnish

the Quantitative Details.i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Sales during the previous year ;

iv) Closing Stock ;

v) Shortage / excess, if any ;

b) In the case of a manufacturing concern, give NOT APPLICABLEquantitative details of the principal items ofraw-materials, finished products and by-products :

A) Raw-materials :

i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Consumption during the previous year ;

iv) Sales during the previous year ;

v) Closing Stock ;

vi) Yield of finished products ;

vii) Percentage of yield ;

viii) Shortage / excess, if any ;

B) Finished Products / By-products :

i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Quantity manufactured during the previous year ;

iv) Sales during the previous year ;

v) Closing Stock ;

vi) Shortage / excess, if any ;

‘ Information may be given to the extent available.

29. In the case of domestic company, details of tax NOT APPLICABLEon distributed profits under section 115-O in thefollowing form

a) total amount of distributed profits ;

b) total tax paid thereon

c) dates of payment with amounts.

30. Whether any cost audit was carried out, if any, enclose NOT APPLICABLEa copy of the report of such audit [see section 139(9) ].

31. Whether any audit was conducted under the Central NOT APPLICABLEExcise Act, 1944, if yes, enclose a copy of the report of such audit.

32. Accounting ratios with calculations as follows :-

a) Gross Profit / Turnover ; 19539.05 / 230263.05 * 100 = 8.49 %

b) Net Profit / Turnover ; 5987.20 / 230263.05 * 100 = 2.60 %

c) Stock-in-trade / Turnover ; 22950.00 / 230263.05 * 365 = 36 Days

d) Material consumed / Finished goods produced. NOT APPLICABLE

For M.K. KHANDELWAL & CO.CHARTERED ACCOUNTANTS.

MAHESH KUMAR KHANDELWALPROPRIETOR.

O.T. ROADBALASORE

DATE :

AUDIT REPORT

(UNDER SECTION 44AB OF THE INCOME-TAX ACT, 1961)(In Case of a person carrying on business)

1. We have examined the Balance Sheet as at 31st March 1999 and the Profit and Loss Account for the period from 1st August 1998 to 31st March 1999, attached herewith, of JAINUL ABEDIN, ( PROP : M/S 786 LUBRICANT CENTRE ), O.T. ROAD, BALASORE, P.A.NO: NOT ALLOTTED (G.I.R. NO : J - 47 / IND).

2. We certify that the Balance Sheet and the Profit and Loss Account are in agreement with the books of account maintained at the head office at O.T. ROAD, BALASORE, and NIL branches.

3. A. We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of the

audit.

B. In our opinion, proper books of account have been kept by the head office of the assessee so far as appears from our examination of the books.

C. In our opinion and to the best of our information and according to the explanations given to us, the said accounts, read with Notes on

Account ( As per Annexure - A ) give a true and fair view ;

i. In the case of the Balance Sheet, of the state of affairs of the assessee as at 31st March 1999 and

ii. In the case of Profit and Loss Account, of the Profit of the assessee for the period from 1st August 1998 to 31st March 1999.

4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD. In our opinion and to the best of our information and according to the explanations given to us, the particulars given in the said Form No. 3CD are true and correct.

For M. K. KHANDELWAL & CO.O.T. ROAD CHARTERED ACCOUNTANTSBALASORE

DATE MAHESH KUMAR KHANDELWALPROPRIETOR

NAME & ADDRESS

M/S 786 LUBRICANT CENTRE O.T. ROAD

B A L A S O R E

STATEMENT OF ACCOUNTS

AUDIT REPORTFOR THE YEAR ENDEDON 31ST MARCH 2000

M.K. KHANDELWAL & CO. CHARTERED ACCOUNTANTS

O.T. ROAD ( STATION SQUARE ) BALASORE - 756001

M/S 786 LUBRICANT CENTREO.T. ROAD, BALASORE

ANNEXURE -- A

NOTES ON ACCOUNT( Annexed to and forming part of our Audit Report )

1. The assessee is proprietor of more than one business. The nature of

each business is different . Separate Books of account are

maintained for each business .Therefore, separate Audit Report &

Form No. 3CD has been prepared for each business and enclosed .

FORM NO. 3CD[ See Rule 6G (2) ]

STATEMENT OF PARTICULARS REQUIRED TO BE FURNISHED UNDER SECTION 44AB OF THE INCOME TAX ACT, 1961

P A R T - A

1. Name of the Assessee : JAINUL ABEDIN

2. Address : PROP : M/S 786 LUBRICANT CENTREO.T. ROAD, BALASORE

3. Permanent Account Number : NOT ALLOTTED (G.I.R. NO : J - 47 / IND)

4. Status : INDIVIDUAL

5. Previous year ended : 31ST MARCH 2000

6. Assessment year : 2000-01

P A R T - B

7. a) If firm or Association of persons, NOT APPLICABLEindicate names of partners/members and their profit sharing ratios.

b) If there is any change in the partners/ NOT APPLICABLEmembers or their profit sharing ratios,the particulars of such change.

8. a) Nature of Business or Profession. Retail trading in Lubricants.

b) If there is any change in the nature of NOT APPLICABLEbusiness or profession, the particularsof such change.

9. a) Whether books of account are prescribed No books of account are prescribed under section 44AAunder section 44AA, If yes, list of books of the Income Tax Act, 1961.so prescribed.

b) Books of Account maintained. Cash Book, Bank book Journal, Ledger, Purchase Register,(In case books of account are maintained Sales Register.in a computer system, mention the books of account generated by such computersystem)

c) List of Books of account examined. Cash Book, Bank book Journal, Ledger, Purchase Register

Sales Register.10. Whether the profit and loss account includes No Profit has been credited to profit and Loss account

any profits and gains assessable on presumptive on presumptive basis.basis, if yes, indicate the amount and the rele-vant section (44AD, 44AE, 44AF, 44B, 44BB,44BBA, 44BBB or any other relevant section).

11. a) Method of accounting employed in the The assessee followed mercantile system of accounting inprevious year. thePrevious year.

b) Whether there has been any change in NOT APPLICABLEthe method of accounting employed vis-a visthe method employed in the immediatelypreceding previous year.

c) If answer to (b) above is in the affirmative, NOT APPLICABLEgive details of such change, and the effect thereof on the profit or loss.

d) Details of deviation, if any, in the method In our opinion there is no major deviation in the methodof accounting employed in the previous of accounting from the accounting standards prescribedyear from accounting standards prescribed under section 145 of Income Tax Act, 1961.under section 145 and the effect thereof on the profit or loss.

12. a) Method of valuation of closing stock Stock is valued at cost.employed in the previous year.

b) Details of deviation, if any, from the In our opinion thereare no major deviation from themethod of valuation prescribed under method of valuation prescribed under section 145 A.section 145A, and the effect thereof onthe profit or loss.

13. Amounts not credited to the profit and lossaccount being, -

a) the items falling within the scope of As explained the assessee does not have any othersection 28 ; profit within the scope of Section 28.

b) the proforma credits, drawbacks, refunds N I Lof duty of customs or excise, or refundsof sales tax, whether such credits, draw-backs or refunds are admitted as due bythe authorities concerned ;

c) escalation claims accepted during the N I Lprevious year,

d) any other item of income ; N I L

e) capital receipt, if any. N I L

14. Particulars of depreciation allowable as per the NOT APPLICABLEIncome-tax Act, 1961 in respect of each assets or block of assets, as the case may be,in thefollowing form : -

a) Description of asset / block of assets.

b) Rate of Depreciation.

c) Actual cost or written down value, asthe case may be.

d) Additions / deductions during the year withdates, in the case of any addition of an asset,date put to use ; including adjustments onaccount of - (i) Modified Value Added Taxcredit claimed and allowed under the CentralExcise rules, 1944, in respect of assets acquiredon or after 1st March, 1994, (ii) change in rateof exchange of currency, and iii) subsidy or grant(or reimbursement, by whatever name called.

e) Depreciation allowable

f) Written down value at the end of the year.

15. Amount admissible under sections 33AB, 33ABA,33AC, 35, 35ABB, 35AC, 35CCA, 35CCB, 35D, 35E :-

a) debited to the profit and loss account N I L( showing the amount debited and deduction allowable under each section separately ) ;

b) not debited to the profit and loss account. N I L

16. a) Any sum paid to an employee as bonus or N I Lcommission for service rendered, where such sum was otherwise payable to him asprofits or dividend [ Section 36(1)(ii)]

b) Any sum received from employees towards N I Lcontributions to any provident fund or super-annuation fund or any other fund mentionedin section 2(24)(x); and due date for paymentand the actual date of payment to the concernedauthorities under section 36(1)(va).

17. Amounts debited to the profit and loss account being :-

a) expenditure of capital nature ; N I L

b) expenditure of personal nature ; N I L

c) Expenditure on advertisement in any souvenir, N I Lbrochure, tact, pamphlet or the like, publishedby a political party ;

d) expenditure incurred at clubs, -

i) as entrance fees and subscriptions; N I L

ii) as cost for club services and facilities N I Lused.

e) i) expenditure by way of penalty or fine for N I Lviolation of any law for the time being in force.

ii) any other penalty or fine; N I L

iii) expenditure incurred for any purp- N I Lose which is an offence or which is prohibited by law;

f) amounts inadmissible under section 40(a); N I L

g) interest, salary, bonus, commission or NOT APPLICABLEremuneration inadmissible under section40(b) / 40(ba) and computation thereof ;

h) amount inadmissible under section 40A(3) N I Lread with rule 6DD and computation thereof;

i) provision for payment of gratuity not allowable N I Lunder section 40A(7);

j) any sum paid by the assessee as an employer N I Lnot allowable under section 40A(9) ;

k) particulars of any liability of a contingent N I Lnature.

18. Particulars of payments made to persons specified N I Lunder section 40A(2)(b).

19. Amounts deemed to be profits and gains under section N I L33AB or 33ABA or 33AC.

20. Any amount of profit chargeable to tax under section 41 N I Land computation thereof .

21. * i) In respect of any sum referred to in clauses (a),(c) (d) or (e) of section 43B, the liability for which;

A) pre-existed on the first day of the previous year N I Lbut was not allowed in the assessment of any preceding previous year and was

a) paid during the previous year, NOT APPLICABLE

b) not paid during the previous year, NOT APPLICABLE

B) was incurred in the previous year and was N I L

a) paid on or before the due date for NOT APPLICABLEfurnishing the return of income ofthe previous year under section 139(1);

b) not paid on or before the aforesaid date - NOT APPLICABLE

ii) In respect of any sum referred to in clause(b) ofsection 43B, the liability for which -

A) pre-existed on the first day of the previous year N I Lbut was not allowed in the assessment of any preceding previous year :

a) nature of liability; NOT APPLICABLE

b) due date of payment under second NOT APPLICABLEprovisio to section 43B;

c) actual date of payment; NOT APPLICABLE

d) if paid otherwise than in cash, whether NOT APPLICABLEthe sum has been realised within fifteendays of the aforesaid due date;

B) was incurred in the previous year; N I L

a) nature of liability; NOT APPLICABLE

b) due date of payment under second NOT APPLICABLEprovisio to section 43B;

c) actual date of payment; NOT APPLICABLE

d) if paid otherwise than in cash whether NOT APPLICABLEthe sum has been realised within fifteen days of the aforesaid due date.

* State whether sales tax, customs duty,excise duty or any other indirect tax,levy, cess, impost etc. Is passed throughthe profit and loss account.

22. a) Amount of Modified Value Added Tax credits NOT APPLICABLEavailed of or utilised during the previous year

and its treatment in the profit and loss accountand treatment of outstanding Modified Value Added Tax credits in the accounts.

b) Particulars of income or expenditure of prior N I Lperiod credited or debited to the profit and loss account.

23. Details of any amount borrowed on hundi or any amount N I Ldue thereon (including interest on the amount borrowed)repaid , otherwise than through an account payee cheque.[Section 69D]

24. a)* Particulars of each loan or deposit in an amount N I Lexceeding the limit specified in section 269SStaken or accepted during the previous year :

i) name, address and permanent account NOT APPLICABLEnumber (if available with the assessee)of the lender or depositor ;

ii) amount of loan or deposit taken or NOT APPLICABLEaccepted;

iii) whether the loan or deposit was squared NOT APPLICABLEup during the previous year ;

iv) maximum amount outstanding in the NOT APPLICABLEaccount at any time during the previousyear ;

v) whether the loan or deposit was taken or NOT APPLICABLEaccepted otherwise than by an accountpayee cheque or an account payee bank draft.

* (These particulars need not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act.)

b) Particulars of each repayment of loan or deposit in N I Lan amount exceeding the limit specified in section269T made during the previous year :-

i) name, address and permanent account NOT APPLICABLEnumber (if available with the assessee)of the payee ;

ii) amount of the repayment ; NOT APPLICABLE

iii) maximum amount outstanding in the NOT APPLICABLEaccount at any time during the previousyear ;

iv) whether the repayment was made NOT APPLICABLEotherwise than by account payeecheque or account payee bank draft.

25. Details of brought forward loss or depreciation allowance, inthe following manner, to the extent available :

Serial Assessment Nature of Amount as Amount as Assessed RemarksNo. Year loss/allowance returned (give reference to

(in Rupees) (in Rupees) relevant order)

--------------------------------------------- > NOT APPLICABLE < -----------------------------------------------

26. Section-wise details of deductions, if any, admissible N I Lunder Chapter VI - A.

27. a) Whether the assessee has deducted tax at source No tax was deductible at source during the previous year.and paid the amount so deducted to the credit of the Central Government in accordance with theprovisions of Chapter XVII-B.

b) If the answer to (a) above is in negative, then give the following details :- Serial Particulars of head Amount of tax Due date for Details of payment RemarksNo. under which tax is deducted at remittance to Date/Amount

deducted at source. source(in Rupees) Government (in Rupees)

--------------------------------------------------- > N O T A P P L I C A B L E < ---------------------------------------------------

28. a) In the case of a trading concern, give quantitative As the assessee deals in numerous small items and in thedetails of principal items of goods traded : absence of stock register, It is not possible to furnish

the Quantitative Details.i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Sales during the previous year ;

iv) Closing Stock ;

v) Shortage / excess, if any ;

b) In the case of a manufacturing concern, give NOT APPLICABLEquantitative details of the principal items ofraw-materials, finished products and by-products :

A) Raw-materials :

i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Consumption during the previous year ;

iv) Sales during the previous year ;

v) Closing Stock ;

vi) Yield of finished products ;

vii) Percentage of yield ;

viii) Shortage / excess, if any ;

B) Finished Products / By-products :

i) Opening Stock ;

ii) Purchases during the previous year ;

iii) Quantity manufactured during the previous year ;

iv) Sales during the previous year ;

v) Closing Stock ;

vi) Shortage / excess, if any ;

‘ Information may be given to the extent available.

29. In the case of domestic company, details of tax NOT APPLICABLEon distributed profits under section 115-O in thefollowing form

a) total amount of distributed profits ;

b) total tax paid thereon

c) dates of payment with amounts.

30. Whether any cost audit was carried out, if any, enclose NOT APPLICABLEa copy of the report of such audit [see section 139(9) ].

31. Whether any audit was conducted under the Central NOT APPLICABLEExcise Act, 1944, if yes, enclose a copy of the report of such audit.

32. Accounting ratios with calculations as follows :-

a) Gross Profit / Turnover ; 52220.47 / 1931159.00 * 100 = 2.70 %

b) Net Loss / Turnover ; 43235.13 / 1931159.00 * 100 = 2.24 %

c) Stock-in-trade / Turnover ; NOT APPLICABLE

d) Material consumed / Finished goods produced. NOT APPLICABLE

For M.K. KHANDELWAL & CO.CHARTERED ACCOUNTANTS.

MAHESH KUMAR KHANDELWALPROPRIETOR.

O.T. ROADBALASORE

DATE :

AUDIT REPORT

(UNDER SECTION 44AB OF THE INCOME-TAX ACT, 1961)(In Case of a person carrying on business)

1. We have examined the Balance Sheet as at 31st March 2000 and the Profit and Loss Account for the year ended on that date, attached herewith, of JAINUL ABEDIN, ( PROP : M/S 786 LUBRICANT CENTRE ), O.T. ROAD, BALASORE, P.A.NO: NOT ALLOTTED (G.I.R. NO : J - 47 / IND).

2. We certify that the Balance Sheet and the Profit and Loss Account are in agreement with the books of account maintained at the head office at O.T. ROAD, BALASORE, and NIL branches.

3. A. We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of the

audit.

B. In our opinion, proper books of account have been kept by the head office of the assessee so far as appears from our examination of the books.

C. In our opinion and to the best of our information and according to the explanations given to us, the said accounts, read with Notes on

Account ( As per Annexure - A ) give a true and fair view ;

i. In the case of the Balance Sheet, of the state of affairs of the assessee as at 31st March 2000 and

ii. In the case of Profit and Loss Account, of the Loss of the assessee for the year ended on that date.

4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD. In our opinion and to the best of our information and according to the explanations given to us, the particulars given in the said Form No. 3CD are true and correct.

For M. K. KHANDELWAL & CO.O.T. ROAD CHARTERED ACCOUNTANTSBALASORE

DATE MAHESH KUMAR KHANDELWALPROPRIETOR