------DEFENCE SERVICES OFFICERS INSTITUTE BALANCE SHEET AS AT March 31,2019
PARTICUlARS Schedule No.
SOURCES OF FUNDS
Corpus Fund
II Reserves and Surplus 1
III Membership Money 2
IV LOAN FUNDS Secured Loans Unsecured Loans
APPLICATION OF FUNDS
V FIXED ASSETS 3 Opening WDVand Additions Less: Depreciation for the year
VI INVESTMENTS 4
VII CURRENT ASSETS, LOANS and APVANCES Inventories 5 Cash and Bank Balances 6
Sundry Debtors 7 Loans and Advances 8 Other Current Assets 9
VIII CURRENT LIABILITIES and PROVISIONS Current Liabilities 10
Provisions 11
NET CURRENT ASSETS
IX SIGNIFICANT ACCOUNTING POLICIES and NOTES TO THE 20 ACCOUNTS
This is the Balance Sheet referred to in our report of even date FOR KARAN SAHNI AND ASSOCIATES FOR MIS DEFENCE SERVICES OFFICERS INSTITUTE Chartered Accountants
CA. KARAN SAHNI Lt. Col. fti Grewal (Retd.) ~. Pararnjit Singh (Reid.) Proprietor Vice -Chairman Secretary Membership No. 508991 Place: Chandigarh Dace: February 13, 2020 UDIN: <0508991AAAAAL1135
• ------DEFENCE SERVICES OFFICERS INSTITUTE
PROFIT & LOSS ACCOUNT FORTHE YEAR ENDED ON MARCH 31,2019
For the Year ended on PARTICULARS Schedule No. ~ March 31, 2019 INCOME ~
Revenues 12 '{ 2,93,60,871.82 Other Income 13 r,'t: , ,;",,88,98,861.57 Ii,' i
, '{ 3,82,59,733.39
'{ ,,3,82,59,733.39 II EXPENDITURE
Trade and Other Purchases '{ 60,85,246.70
Decrease in Stock of Goods 14 '{ 7,16,251.00
'{ Staff Costs 15 f! , ?6,16,403.83 Administrative Expenses 16 ~ i .\,,,,;56,57,341.94
Selling and Marketing Expenses 17 '{ , . '. N 2,44,054.00 e, Freight and Cartage Expenses 18 '{ 13,070.00
Interest and Financial Charges 19 '{ 19,693.89
Depreciation and Amortization 3 '{ 49,09,312.00
,f I'{ ~,.!I. 2,12,61,373.36
PROFIT BEFORE TAX [PDT] 't 1,09,98,360.03
PROVISION FOR TAX '{ \\l" - , ~01' . . PROFIT AFTER TAX '{ 1,09,98,360.03
PROFIT / (LOSS) BROUGHT FORWARD '{ -
'{ 1,09,98,360.03
TRANSFER TO RESERVES '{ 1,09,98,360.03 ." ,.' " PROFIT TRANSFERRED TO THE CAPITAL ACCOUNT '{ :i 'SC - j ~'" ,"' ~'ti;ir 1't -.I. SIGNIFICANT ACCOUNTING POLICIES and NOTES TO THE ACCOUNTS 20 ,;!,! Ill.. ,,-,,:~, ~•.. This IS the Profit and Loss Account referred to in our report of even date FOR KARAN SAHNI AND ASSOCIATES FOR MIS DEFENCE SERVICES OFFICERS INSTITUTE Chartered Accountants
\L~__~o
Lt. Col.t,6 Grewal (Retd. f --:-:--::-:-::----;6--:':"":::---;:-;:::-:-:7 Vice -Chairman
,I ------OEFENCE SERVICES OFFICERS INSTITUTE
-;.. SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2019
ISCHEDULE NO. t - Reserve and surplusl
Reserves & Surplus
Opening Balance '{ 7,97,22,993.00
Net Profit during the Year ~ 1,09,98,360.03
Closing Balance at the end of year '{ 9,07,21,353.03
'SCHEDULE" NO. 2 Reserve and" surPlusl
As Certified by the Management Sr. No. Particulars No. or Members Full/Half Membership Fees " Life Member 24 10,000.00 ~ 2,40,000.00
2 Life Member 1 25,000.00 ~ 25,000.00
3 Permanent Member 1420 F 2,000.00 '{ 28,40,000.00
4 Permanent Member 600 F 5,000.00 30,00,000.00
5 Permanent Member 39 H 2,500.00
6 Permanent Member 76 F 8,000.00
7 Permanent Member 8 H 4,000.00
a Permanent Member 42 F 10,000.00
9 Permanent Member 3 H 5,000.00 15,000.00
10 Permanent Member 1542 F 5,000.00
11 Permanent Member 38 H 2,500.00 95,000.00
12 Permanent Member 403 F 10,000.00
13 Permanent Member 20 H 5,000.00
14 Re-admission Fee 4 500.00
Total
ISCHEDULE NO. 4 - INVESTMENTS I '7' .~". Sweep In Fixed Deposit Including Accrued Interest II " > '" HDFC Bank '{ 01\ 33,77,574.28 ;t
State Bank of India '{ 20,78,517.00
Fixed Deposits:
HDFCBank ~ 3,05:00,000.00
Axis Bank le~ 3,88,36,277.00 ICICIBank I\'{ 2,45,00,000.00
Punjab National Bank '{ 50,00,000.00 " II, ,'J;. Accrued Interest on Fixed Deposits ~ 39,9q~947.00 , " ~. ,'" '{" iil'--- 10,82;~8,315.28 SERVICES OFFICERS INSIHUTE ------~------••• ~------DEFENCE SCHEDULES ANNEXED TO AND FORMING PART OFTIIE ACCOUNTS
Schedule No.3· Depreciation Schedule for the Year Ended on March 31. 2019 Additions Depreciation April Balance as on WDVason March 1).lrllcui;lrs Rate I WDVason I Deletions Ot,2018 I March 31, 2019 , 31,2019 IMore than 180 Days Less Than 180 Days I Total . Normal 50% Total ._--- 1----- I I I ----- LANDANDIJUILDING ! ! i I I - Land 0% '{ 32,96,178.00 I'{ '{ I '{ '{ - ! '{ 32,96,17B.00 '{ - '{ '{ '{ 32,96,178.00 I ! - Building 10% '{ 2,87,27,157.00 '{ 22,62,623.00 22,62,623.00 '{ - ! '{ 3,09,89,780.00 '{ 28,72,716.00 '{ 1,13,131.00 ~ 29,85,847.00 '{ 2,80,03,933.00 I'{ I'{ I I I FURNITUREANDFIXTURES I I I I - Furniture and Fixtures 10% '{ 58,31,989.00 I '{ 88,024.98 '{ 3,43,796.61 I '{ 4,31,821.59 '{ '{ 62,63,810.59 '{ 5,92,001.00 '{ 17,190.00 '{ 6,09,191.00 '{ 56,54,619.59
I ! I I I PLANTANDMACHINERY I I I I - Plant and Machinery 15% '{ 78,34,072.00 '{ 2,61,446.00 '{ 4,37,192.82 I '{ 6,98,638.82 '{ 6,779.66 '{ B5,25,931.16 '{ 12,13,311.00 '{ 32,789.00 '{ 12,46,100.00 '{ 72,79,B31.16
• Books 40% '{ 14,346.00 '{ '{ '{ '{ '{ 14,346.00 '{ 5,738.00 '{ . ~ 5,738.00 '{ 8,608.00
· Computer 40% '{ 1,07,374.00 I '{ 26,000.00 '{ 41,400.00 '{ 67,400.00 '{ '{ 1,74,774.00 '{ 53,350.00 '{ 8,280.00 '{ 61,630.00 '{ 1,13,144.00 I • Solar System 40% '{ 2,016.00 '{ '{ I '{ '{ . '{ 2,016.00 '{ 806.00 '{ '{ 806.00 '{ 1,210.00
'{ 4,58,13,132.00 t 3,75,470.98 t 30,85,012.43 1 t 34,60,483.41 t 6,779.661 '{ 4,92,66,835.75 t 47,37,922.00 t 1,71,390.00 t 49,09,312.00 t 4,43,57,523.75 I 1~'~' M~\ANDA '1:(-'<' '0'0> . 0 0 - <- (l - (;I CHARTERED :P ) ~ ACCOUNTANTS jj} , ,~ * \ 9i-'lNDIG~
I
J ~
~ 0 '10. 0 0 ------DEFENCE SERVICES OFFICERS INSTITUTE SCHEDULES ANNEXED TOAND FORMING PART OF TIlE ACCOUNTS
As at March 31. 2019 < . ISCHEDULE NO. 5 - INVENTORIESI
[As Taken. Valued and Certified by the Management] 't "" 8.28,468.00 '" 't 8.28.468.00
ISCHEDULE NO. 6 - CASH & BANK BALANCES I
CASH IN HAND 't 1.65.442.00 , CASH AT BANK ~!'1 H* " Axis Bank Ltd. - 917010056933268 f~ 4.25.191.00
HDFC Bank - 50100148109918 't 24.62.266.2a
ICICI Bank 't 2.33.973.00 IDBI Bank Account 't ~ '1.03.570.00 State Bank Of India (Attawa) 't 28.58.470.21
State Bank Of India (Sector-37) 't 3,42.812.00
Pilfered Cash '{ 5.41.220.00
't _. .;'J7J.32.944.49
ISCHEDULE NO. 7 - Sundry Debtorsl
Amount Outstanding from Members '{ 3.144.20
't 3.144.20 ' .. " ..-.
ISCHEDULE NO. 8 - Loans and Advancesl
Advance For Gazebo/Extended Gazebo Rentals 950.00 't III Excess GST Input Tax Credit 't 3.08,42t38 ~ 't .~ 3.09.377.38
"
•• ------DEFENCE SI:RVICES OFFICERS INSTITUTE SCHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS • As at March 31, 2019
ISCHEDULE NO. 9 OTHER CURRENT ASSETS I Income Tax Refund '{ 93,859.00 ill , Security Deposits: ~;
Electrtcity '{ 10,833.00
Telephone '{ 16,000.00
Deep Freezer '{ 10,000.00
'{ Cheques Received Pending for Clearance Q 2,98,978.00 Jf Prepaid Expenses l ~ 23,021.37
? 4,52,691.37 I L~ .."
ISCHEDULE NO. 10 • CURRENT LIABILTIESI
SUNDRY CREDITORS
Apurva Design & Advertising (OPC) Pvt. Ltd.
Chandigarh Bottling Company
Chiranji Lal Gupta & Sons (P) Ltd
C K Enterprises
CSD Canteen HQ West Comd. '{ 56.167.92", . Ff'" . Cybrain Solutions l 3,45,054.00,1 il:I
,~ Dua Photos l 5,000.00 ~ ~ Guru Nanak Light Tent Service 30,467.00 I~ G W,~, .j, Handa Agencies 34,769.63' Ii " - Kataria Confectioners l , o. 5,544.081
Mk Refrigeration '{ 12,035.00 • '''...... :..! Mohini Security Agency '{ 5,44,654.00 Bds Decor & Prefab (P) Ltd. '{ ~. 1,76,323·°2 Best Price tl 118.00
Deep Light & Sound DJ System [l 4,950.00 Dreamheight Homes Pvt. Ltd. '{ , . ~O,OOO.OO ., •• Kaim Hospitality Tours & Travels Pvt Ltd. ~ 18,55,558.00
'{ Lot International e, 1,35,645.00
Sai Creations ~l !II jW 'i!, 1'.1, ,l,50,gOO.00 ,
Vee Emm Pest Control '{ '" 26,910.00 D.
Olive Green Manpower Solutions Pvt Ltd. '{ 98,921;00 '~'i' ;, Payment From Members (Incomplete Details) '{ ~ , 7,262.00~" Royal Power Solutions (Zirakpur) l , 4,760.00" ,\ Sandeep News Agency '{ " ,',' 2,332.00 Sanjeev Trikha- Legal Consultant '{ II 20,500.00
Sunil Sardana [Epf/Esi Consultant) '{ 12,000.00
.,.. '*! ~ •.. ! l 36,46,876.71
Contd. ---- DEFENCE SERVICES OFFICERS INSTITUTE
SCHEDULES ANNEXED TOAND FORMING PART OF THE ACCOUNTS -"' As at March 31, 2019
ADVANCES RECEIVED
Advance For Bana Rentals 22,305.00
Advance For Kitty Party Rentals [Arjan/Sarn] 3,335.00
Advance For Marriage Area Rental 57,550.00
Advance For Umrao B/Hall Rentals 42,300.00
Advance For Vatika Lawn Rentals 31,115.00
Advance Sponsorship Received 1,31.101.00 i Advance For Vikrant Party Rentals ~ 7,553.50
'{ 2,95,259.50
STATUTORY DUES , .. TDS Payable ~ 46,783.00
CST Payable [Due But Not Paid] '{ 11.68,885.54
EPF Payable '{ 35,486.00 :
ESI Payable '{ 10,358.00 I I~ a 12,01,512.54
Excess Received from Members 't 1,44,03,548.27
SECURITY FROM CONTRACTORS - J P Group '{ 2,50,000.00
Olive Green Manpower Solutions '{ 50,000.00
JM Manpower And Security 25000000, t Kaim Hospitality I~ 5.00,000.00
Mohini Security Agency '{ 2,50,000.00
Global Facilities '{ 35,534.00
Earnest Money '{ 25,000.00
I
'{ 13,60,534.00 OTHERS ~ Coupons ~ 47,767.00 , .. Casual Card - Credit Balance 2,213.42
Cheques Issued Pending for Clearance 2,11,120.00
SECURITY FROM MEMBERS
Casual Card Security (Refundable)
Security (Refundable)
85,04,900.00 " 2,96,74,331.44 ------DEFENCE SERVICES OFFICERS INSTITUTE SCHEDULES ANNEXED TOANO FORMING PAilT OF TIIE ACCOUNTS
k. at March 31, 2019
ISCHEDULE NO. 11 - PROVISIONSI " " Audit Fee 'f "" 30,000.00
Electricity Expenses 'f 1,08,982.00 I
Internet Charges 'f 3,129.00
Other Expenses 'f 20,117.00
Salary 'f 2,01,429.00
Telephone Expenses 'f 366.00
Temporary Membership Charges 'f 41,800.00
Washing Charges 'f 2,800.00 I i .. '{ 4,08,623.00
" ------DEFENCE SERVICES OFFICERS INSTITUTE SCHEDULES ANNEXED TOANO FORMING PART OF THE ACCOUNTS . = - As at March 31, 2019
ISCHEDULE NO. 12
TRADING SALES
Sale Of Fresh & Frozen 22,14,178.19
Sale of Liquor I '{ 54,03,103.37 I 76,17,281.56
OTIIER REVENUES
Catering Margin and Reimbursement:
Margin On Sales 33,49,061.00
Restaurant Electricity Bill 4,62,546.00 Water Bill Recovery 12,000.00 l Rentals:
Bana Rentals 3,42,000.00
Marriage Area Rentals 6,35,500.00
Umrao Banquet/Hall Charges 5,86,600.00
Vatika Lawn Rentals 4,54,500.00
Vikrant Rentals 1,06,750.00
Advertisement Charges 1,06,650.00
Card Room Charges 1,96,900.00
Fine 52,000.00
Guest Charges
Gym Charges
Kitty Parties (ArjanjSam)
Rest Contingencies (Ice)
Subscription
Area Cleaning Charges
Billiard Room Charges
Cancellation Charges
Card Charges
Car Sticker
Development Charges
Entry Ticket - Functions (Guest) 18,559.32 ------+------~ Festival Allowance 66,112.71
Guest Room Charges 5,17,754.24
Incidental Charges 8,983.05
Late Hour Charges 14,406.78
Membership Form 19,745.76
Monthly Subscription 2,78,161.02
One Time Panel Charge 30,508.47
Penal Interest " 41,857.03 Reba:e From Catering 1,74,788.14
Rebate From Tentage 36.440.68
Reciprocal Charges 37,076.27
Of Empty 20,538.10 •
Contd .
.. • ______DEFENCE SERVICES OFFICERS INSTITUTE
SCHEDULES ANNEXED TOANO FORMING PART OFTHEACCOUNTS - As at Mal'ch 31, 2019
Sale Of Entry Tickets t 3,02,118.64 •
Sale Of Playing Cards t 1,211.86 ... Sale Of Scrap t 7,608.5'1
Tender Money t 10,169.49 ~ • Tombola Profit t 56,258.47
Waiter Charges t 7,62,321.191
2,17,43,590.26
2,93,60,871.32
ISCHEDULE NO. 13 OTHER INCOMEI . ,', Interest Received:
Interest on Fixed Deposits and Sweep In Accounts t 79,13,401.34
Interest on Income Tax Refund t 2,199.00
Interest on Saving Bank Accounts It 1,91,525.00
Electricity Charges It 1,52,070.00 49,689.00 Electricity Charges - CSD ft 'r - _. Guest Room Electricity t 65,501.22- R' Miscellaneous Income It 23,080.1,2 .. Refund of lnitial Corpus - Gyan Chakra Think Tank I 5,00,000.00 i
Round err 1,395.91,
88,98,861.571
SCHEDULE NO. 14 - INCREASE/(DECREASE) IN STOCK OF GOODS
Opening Stock 15,44,719.00
Closing Stock 8,.28,468.00
(7,16,251.00)
ISCHEDULE NO. 15 - STAFF COSTSL ~
Staff Salary 91,73,284.83
Stipend 29,000.00
' It· 16,040.00 Uniform Expenses n :" D Extra Duty Pay t 70,999.00 " Incentive t ~ 5,830.00 ~.. Staff Welfare Fund t ., 2,360.00' PF and ESI Costs l 3,18,890.00 , ~~\;'.' ,:---, .F /c-,<,->..---,.-' 0 ft 96,16,403.83 ~ ..
• ------DEFENCE SERVICES OFFICERS INSTITUTE SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
~ As at March 31,2019
ISCHEDULE NO. 16 - ADMINISTRATIVE EXPENSESI ...;.,..;..;.~~"'..;..;.;...... ;..;...;..;...;__.;;...;;..;..;.;;~..;. Entertainment Expenses:
Cable/Tv 20,437.18
Festivals 5,73,91,5.56 I .' Meetings 68,890.93
New Year 8,35,853.71
Miscellaneous Expenses 1,626.26
AGM and Election Expenses 3.16,001.85
Annual Maintenance Charges 'l' 2.43,678.00 .. Audit Fee 'l' .;" 30,000.00
Balance Written Off 'l' 21,854.83
Books and Periodicals 'l' 36,336.00
First Aid Expenses 'l' 1,747.06
Horticulture Expenses 'l' 33,352.42 House Keeping Expenses 2,17,913.06 f Insurance Charges 44.1.45
Legal Expenses 700.00
Office Stationery 80,183.33
Other Office Expenses 31,646.58
Pest Control
Postage Charges Paid 69,1,59.55,1 Printing And Stationery 59,185.00 f Professional Charges 41,500.00
Purchase Of Cards (Cardroom)
Refilling Of Fire Extinguishers
Reimbursement Of Fuel Charges
Washing / Linen Charges 'l' 5,622.001 Electricity Expenses 'l' 19,34,723.00 I Generator Charges ~ 72,080.61 J ~ Ground Rent '{ 71,414.0.91 Internet Charges '{ ."52,502.41 i ! Telephone Expenses [Landline) 'l'. 7,137.11 j , 4 Water Charges
License Fee
Property Tax
Rates Fees and Taxes 792.00 i
Cleaning Of Fish Aquarium 6,800.0'0
Guest Room Expenses 16,024.36
Refurbishing Of Guest Rooms 1,800.00
Contd. ------OEFENCE SE!l.\'ICES OFFICERS INSTITUTE SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2019
Repair and Maintenance:
Air Conditioner p 33,085.00 I Computers/Cartage ~ 51,900.00 I
Electrical ~ 68,295.04
Building ~ 1,86,247.48
Equipments ~ 21,925.13
Furniture 16,059.60 Gardening Tools t: 19,723.10 I Plumbing ~ 19,336.53
t 56,57,341.94
SCHEDULE NO. 17 - SELLING AND DISTRIBUTION EXPENSES
Advertisement Expenses 4655400 ; Online SMS Package t 63,000.00
Website Development Charges ~ "'1,34,500.00 ~ t 2,44,054.00
SCHEDULE NO. 1B - FREIGHT 'AND CARTAGE EXPENSES
Cartage Expenses [Liquor) 10,320.00
Cartage [Transportation)
13,07~.00
ISCHEDULE NO. 19 - INTEREST AND FINANCIAL CHARGES I
Bank Charges 19,693.B9
19,693.B9
" ~.;;------:; Defence Services Officers Institute
StR)~D ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
SCHEDULE 20 - SIGNIFICANT ACCOUNTING POLICIES
1 General Accounting. Policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles.
2 Revenue The assessee follows 'Accrual System' of accounting and all the income and expenses have been recognized on accrual bases. These are in consistence with the previous year policies.
3 Fixed Assets Fixed Assets are stated at their original cost of acquisition less depreciation till date.
4 Depreciation Depreciation on fixed assets has been provided in the books of accounts on written down value method at the rates prescribed under Income Tax Act 1961.
5 Inventories Closing stock has been valued at cost or market price whichever is less based on average gross profit which is in consistence with previous year policies.'
NOTES TO ACCOUNTS
1 Balances of Sundry Creditors and Sundry Debtors are subject to confirmation.
2 Closing value of Stock amounting to '{ 8,28,468.00 as on March 31,2019 has been taken as certified by the Management.
,I