RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

Note: ** Information pertaining to post issue share capital & reserves can be ascertained only
after completion of Public Issue process.
ANNEXURE-XVI
STATEMENT OF TAX SHELTERS
For the Year/Period Ended
Particulars
31-Mar-05 31-Mar-06 31-Mar-07 31-Mar-08 31-Mar-09 30-Jun-09
Profit & Loss as per book of
67.32 616.80 1224.66 1952.14 1993.79 802.63
account
Tax rates (Normal including
33.66 33.66 33.99 33.99 33.99
surcharge) 36.5925
Notional Tax Payable at
- 21.91 412.20 663.53 677.69 272.81
Normal Rates
ADJUSTMENT
Permanent Difference
Tax Free Income - - - - - -
Capital Gains as per return - - -
(0.40)
- (6.93)
- - - - -
Disallowance as per return 2.76 2.82 13.93 0.93 17.67 4.56
Other Adjustment - - - - - -
Timing Difference
Difference between Tax
depreciation & book
depreciation
0.84
(458.19) (487.06) (521.92) (919.03)
(395.03)
Disallowances u/s 43-B - - - - - -
Other Adjustment - -
(88.37)
- - -
Net Adjustment 3.60 (455.37)
(561.50) (521.39) (901.36)
(397.40)
Tax Saving thereon - 153.28 189.00 177.22 306.37 135.08
Total Taxation 25.95 54.34 232.53 486.60 371.32 137.73
Tax on Brought Forward
unabsorbed depreciation
25.95 32.42 - - - -
Normal Tax Payable - 21.92 232.53 486.60 371.32 137.73
Taxable Income as per
MAT
Tax as per Income Tax
Return (MAT Tax)
47.68 616.84 1,224.73
1951.74 1993.79
802.63
3.74 51.91 202.53 532.06 382.70 125.00
Notes:
1. The figures in the above statement for the year ended 31 st March 2009 and period ended
30 th June 2009 are provisional and would be finalized at the time of filing of Income Tax
Return.
2. The figures for all other years are as per the Income Tax Returns submitted.
ANNEXURE – XVII
STATEMENT OF QUALIFICATION IN AUDITOR’S REPORT
A. On the accounts of the Financial Year 2002-2003
In our opinion the Balance Sheet comply with the accounting standards referred to in subsection
(3C) of section 211 of the Companies Act, 1956 subject to ;
Non provision of Gratuity, Liability, Leave Encashment for un-availed leave payable and
provision for Bonus to its employees as required by the mandatory “Accounting Standard 15-
Accounting for Retirement Benefits” issued by the Institute of Chartered Accountants of India
the financial effect of which has not been ascertained by the management.
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