RICO JINFEI WHEELS LIMITED

6TH

ANNUAL REPORT 2012-2013

RICO JINFEI WHEELS LIMITED

BOARD OF DIRECTORS

Shri Arvind Kapur - Chairman

Shri Rakesh Kapur - Managing Director

Shri Om Prakash Aggarwal

Shri Naresh Kumar Sethi

Shri Bingzao Ge

Shri Gopal Singh Bisht

COMPANY SECRETARY

Shri Kuldeep Singh Rawat

AUDITORS

Walker, Chandiok & Co

Chartered Accountants

Firm Registration No. 001076N

New Delhi, India

BANKERS

Axis Bank Ltd.

REGISTERED OFFICE

38 KM Stone, Delhi-Jaipur Highway

Gurgaon-122001

Haryana

MANESAR PLANT

BAWAL PLANT

Plot No. 397, Sector-8

IMT Manesar,

Gurgaon-122050

Haryana

Plot No. 22, HSIDC Phase-II,

Sector-5, GC – Bawal,

Rewari – 123501,

Haryana

RASA AUTOCOM LIMITED

6TH

ANNUAL REPORT 2012 – 13

RASA AUTOCOM LIMITED

BOARD OF DIRECTORS

Shri Rakesh Kapur - Chairman

Shri Arun Kapur

Shri Om Prakash Aggarwal

Shri Vivek Kishan Hazari

Shri Gopal Singh Bisht

AUDITORS

Walker, Chandiok & Co

Chartered Accountants

Firm Registration No. 001076N

New Delhi, India

BANKERS

Yes Bank Ltd.

REGISTERED OFFICE

38 KM Stone, Delhi-Jaipur Highway

Gurgaon - 122 001

Haryana (India)

BAWAL PLANT

Plot No. 21, Sector-5

HSIIDC Phase-II,

G.C. Bawal - 123 504

Haryana (India)

COTENTS

Notice 1

Directors’ Report 2

Auditors’ Report 4

Balance Sheet 10

Profit & Loss Account 11

Schedules to Accounts 12

Cash Flow Statement 17

UTTARAKHAND AUTOMOTIVES LIMITED

6TH ANNUAL REPORT 2012 – 13

UTTARAKHAND AUTOMOTIVES LIMITED

BOARD OF DIRECTORS

Shri Rakesh Kapur - Chairman

Shri Arun Kapur

Shri Om Prakash Aggarwal

AUDITORS

Budhraja Adlakha & Co.

Chartered Accountants

(Firm Registration No.005154N)

New Delhi, India

REGISTERED OFFICE

38 KM Stone, Delhi-Jaipur Highway

Gurgaon - 122 001

Haryana (India)

CONTENTS

Notice 1

Directors’ Report 2

Auditors’ Report 9

Balance Sheet 15

Profit & Loss Account 16

Schedules to Accounts 17

Cash Flow Statement 22

RAA AUTOCOM LIMITED

5TH ANNUAL REPORT 2012 – 13

RAA AUTOCOM LIMITED

BOARD OF DIRECTORS

Shri Rakesh Kapur - Chairman

Shri Arun Kapur

Shri Naresh Kumar Sethi

AUDITORS

Budhraja Adlakha & Co.

Chartered Accountants

(Firm Registration No.005154N)

New Delhi, India

REGISTERED OFFICE

38 KM Stone, Delhi-Jaipur Highway

Gurgaon - 122 001

Haryana (India)

CONTENTS

Notice 1

Directors’ Report 2

Auditors’ Report 9

Balance Sheet 15

Profit & Loss Account 16

Schedules to Accounts 17

Cash Flow Statement 22

AAN AAN AAN AAN ENGINEERINENGINEERINENGINEERINENGINEERING INDUSTRIES G INDUSTRIES G INDUSTRIES G INDUSTRIES LIMITEDLIMITEDLIMITEDLIMITED

3RD ANNUAL REPORT 2012 – 13

AAN ENGINEERING INDUSTRIES LIMITED

BOARD OF DIRECTORS

Shri Rakesh Kapur - Chairman

Smt. Shalini Kapur

Smt. Shivani Kapur

Shri Om Prakash Aggarwal

Shri Naresh Kumar Sethi

Shri Rajinder Singh Kundi

AUDITORS

Budhraja Adlakha & Co.

Chartered Accountants

(Firm Registration No.005154N)

New Delhi, India

REGISTERED OFFICE

38 KM Stone, Delhi-Jaipur Highway

Gurgaon - 122 001

Haryana (India)

CONTENTS

Notice 1

Directors’ Report 2

Auditors’ Report 9

Balance Sheet 15

Profit & Loss Account 16

Schedules to Accounts 17

Cash Flow Statement 22

Rico Auto Industries Inc.,USA

Balance Sheet As At

@ 53.83 @ 50.63

Particulars Schedule No.

As at Mar 31,

2013 - US$

As at Mar 31,

2013 - INR

As at Mar 31,

2012 - US$

As at Mar 31,

2012 - INR

Provisional Provisional Audited Audited

SOURCES OF FUNDS

SHAREHOLDER'S FUNDS

Share Capital 1 25000 1345750 25000 1265750

Exchange Equilisation Reserve -41927

Reserves & Surplus 2 2407451 129634984 2259350 114390861

Loan Funds 3 0 0 0 0

TOTAL 2432451 130938808 2284350 115656611

APPLICATION OF FUNDS

FIXED ASSETS

Gross Block 4 2449 131827 2449 123990

Less : Depreciation 1774 95494 1549 78426

Net Block 675 36333 900 45564

INVESTMENTS 5 0 0 0 0

CURRENT ASSETS, LOANS & ADVANCES

Inventories 6 3846193 207040568 4482117 226929565

Sundry Debtors 7 2128452 114574551 3169246 160458942

Cash & Bank Balances 8 169681 9133908 149178 7552863

Loans & Advances 9 89078 4795069 193310 9787270

6233404 335544095 7993851 404728641

Less : Current Liabilities & Provisions 10 3801628 204641620 5710401 289117595

Net Current Assets 2431776 130902475 2283450 115611046

Deffered Tax Assets 0 0 0 0

MISCELLANEOUS EXPENDITURE 11 0 0 0 0

(to the extent not written off or adjusted)

TOTAL 2432451 130938808 2284350 115656611

Rico Auto Industries Inc., USA

Profit and Loss account

@ 53.83 @ 50.63

Particulars

Schedule

No.

Period Ended

March 31, 2013 -

US$

Period Ended

March 31, 2013 -

INR

Period Ended

Mar 31, 2012 -

US$

Period Ended

Mar 31, 2012 -

INR

Provisional Provisional Audited Audited

INCOME

Sales - Components 12 14045369 758426495 19707430 997787191

Sales - Scrap

Sales - Tooling 564330 30472879 105665 5349816

14609699 788899374 19813095 1003137007

EXPENDITURE

Manufacturing & Other Expenses 13 14355071 775149922 19445013 984501032

Financial Charges 14 5334 288041 6775 343037

Miscellaneous Expenditure written off 0 0 0 0

14360405 775437963 19451789 984844069

Profit before Depreciation 249293 13461412 361307 18292938

Depreciation 225 12150 300 15189

Profit After Depreciation 249068 13449262 361007 18277749

1.70% 1.70% 1.82% 1.82%

Provision for Income Tax 100967 5435074 147030 7444129

Reversal of Deffered Tax Assets 0 0 0 0

Profit After Tax 148101 8014188 213977 10833620

Less : Previous Year Income tax paid 0 0 0 0

Amount Available for Appropriations 148101 8014188 213977 10833620

% 1.01% 1.02% 1.08% 1.08%

APPROPRIATIONS

Balance carried over to Balance Sheet 148101 8014188 213977 10833620

148101 8014188 213977 10833620

Rico Auto Industries Inc., USA

Schedules to Balance Sheet

@ 53.83 @ 50.63

Particulars Grps#

As at Mar 31,

2013 - US$

As at Mar 31,

2013 - INR

As at Mar 31,

2012 - US$

As at Mar 31,

2012 - INR

Provisional Provisional Audited Audited

Schedule 1 - Share Capital

AUTHORISED 2500 Equity Shares US$ 10 Par 25000 1182250 25000 1182250

ISSUED , SUBSCRIBED AND PAID-UP

2500 Equity Shares US$ 10 Par 25000 1216850 25000 1265750

'(Previous Period 2500 Equity Shares US$ 10 Par)

Exchange Fluctuation 128900

25000 1345750 25000 1265750

Schedule 2 - Reserves & Schedules

SURPLUS

As per Last Balance Sheet 2259350 113401075 2045373 90835004

Exchange Fluctuation ( @50.63 - @53.83 ) 8219721 12722237

Add : Transferred from Profit & Loss Account 148101 8014188 213977 10833620

2407451 129634984 2259350 114390861

Schedule 3- Loan Funds 0 0.00 0 0

0 0 0 0

Schedule 4- Fixed Assets 2449 131827 2449 123990

2449 131827 2449 123990

Schedule 5- Investments 0 0 0 0

0 0 0 0

Schedule 6- Inventories

(As valued and certified by the Management)

Goods in Transit 1830091 98513793 2666973 135028850

Finished Goods 2016102 108526776 1815144 91900715

Packing Materials 0 0 0 0

3846193 207040568 4482117 226929565

Schedule 7 - Sundry Debtors

(Unsecured considered good)

Debts outstanding for a period exceeding six months 170836 9196090 0

Other Debts d 1957616 105378461 3169246 160458942

Less : Provision for Uncollectibles 0 0 0 0

2128452 114574551 3169246 160458942

Schedule 8 - Cash and bank Balances

Balances with scheduled banks

In current accounts 169681 9133908 149178 7552863

169681 9133908 149178 7552863

Schedule 9 - Loans and Advances

(Unsecured considered good) Advances recoverable in cash or in kind or for value

to be received e 2504 134790.32 2886.7 146153.62

Income Tax Recoverable FY2011-12 j 43799 2357700

Advance Tax FY2012-13 42775 2302578 190423 9641116

89078 4795069 193310 9787270

Schedule 10 - Current Liabilities and Provisions

Sundry Creditors - Trade c 3684160 198318352 5551371 281065906

Expenses Payable a 16500 888195 12000 607560

Income Tax Provision- for the year till date 100967 5435074 147030 7444129

3801628 204641620 5710401 289117595

Schedule 11 - Miscellaneous Expenditure 0 0 0 0

(to the extent not written off or adjusted)

0 0 0 0

Rico Auto Industries Inc.,USA

Schedules to Profit & Loss Account

@ 53.83 @ 50.63

Particulars

%age of

FY'12

Grps# Period Ended

March 31, 2013 -

US$

Period Ended

March 31, 2013

- INR

Period Ended

Mar 31, 2012 -

US$

Period Ended

Mar 31, 2012 -

INRProvisional Provisional Audited Audited

Schedule 12 - Sales & other Income

Sales - Components 71.27% 14045369 758426495 19707430 997787191

Sales - Tooling 1101.99% 564330 30472879 51210 2592762

Sales - Scrap 0.00% 0 0 54455 2757054

i 14609699 788899374 100 19813095 1003137007 100

Schedule 13 - Manufacturing & Other Expenses

Purchases of Raw Materials 13472204 727442738 17908326 906698524

Add : Opening Finished Goods 1815144 97709175 2594675 131368406

Less : Closing Finished Goods 2016102 108526776 1815144 91900715

Net Raw Materials consumed 71.02% 13271245 716625137 94.49 18687857 946166215 94.57 0.08

Components (USA) 0 0 0.00 0 0 0.00

Purchase Tooling ( Rico India ) 826.49% 423248 22854660 75.00 51210 2592762 100.00 100.00

Inventory Handling Expenses 0 0 0.00 0 0 0.00

Job Work Charges 0.00% 0 0 0.00 9954 503995 0.05 0.05

Consumables 257.87% 10732 579500 0.08 4162 210706 0.02 -0.06

Packing Materials 0.00% 0 0 0.00 669 33886 0.00 0.00

Clearing & Forwarding 0 0 0.00 0 0 0.00 0.00

Warehousing Expenses 88.32% b 289340 15623903 2.06 327621 16587461 1.66 -0.40

Freight Charges 0 0 0.00 0 0 0.00 0.00

Inspection & Rework Expenses 0 0 0.00 0 0 0.00 0.00

Testing Expenses 0 0.00 0.00 0 0 0.00 0.00

Salaries (Tom & Rebacca) 111.55% h 186413 10066015 1.33 167115 8461048 0.85 -0.48

Audit Fees 104.55% 11500 620981 0.08 11000 556930 0.06 -0.03

Legal & Professional 94.77% g 106051 5726573 0.76 111899 5665468 0.57 -0.19

Fees & Taxes 16.67% 25 1350 0.00 150 7595 0.00 0.00

Rent 100.00% 12000 647980 0.09 12000 607560 0.06 -0.02

Travelling Expenses 20.44% 3288 177566 0.02 16086 814458 0.08 0.06

Income Tax paid for FY2010-11 -11.29% -406 -21923 0.00 3595 182015 0.02 0.02

Insurance (Warehouse & Worker Policy) 102.36% f 3877 209335 0.03 3787 191751 0.02 -0.01

Printing & Stationary 803 43349 0.01 0 0 0.00 -0.01

Bond service & premium 100.00% 550 29699 0.00 550 27847 0.00 0.00

Telephone Expenses 69.62% 6006 324329 0.04 8627 436783 0.04 0.00

Postage & Courier 68.47% 2411 130175 0.02 3521 178265 0.02 0.00

Sales Promotion 211.37% 15960 861825 0.11 7551 382297 0.04 -0.08

Freight Charges 0.00% 0 0 0.00 4009 202986 0.02 0.02

Administration Expenses 100.00% 12000 647980 0.09 12000 607560 0.06 -0.02

General Expenses + Short & Excess 1.67% 28 1490 0.00 1648 83446 0.01 0.01

Claim Written off 0 0 0.00 0 0 0.00 0.00

14355071 775149922 19445013 984501032

Schedule 14 - Financial Charges

Bank Interest - JPMorgan 91.54% 2297 124056 0.02 2510 127061 0.01 0.00

Bank Charges 71.19% 3037 163985 0.02 4266 215976 0.02 0.00

5334 288041 4.74 6775 343037 3.61 -1.13