LETTER OF OFFER - TakeoverCode.com

i) There have been no mergers/ de-mergers /spin-offs during the past three years involving
JRL.
j) Brief Financials of Joy Reality Limited
Brief financials of JRL certified by Statutory Auditors of the Company, M/S Shah & Company,
Chartered Accountants, based on audited financial statements for the years ending 31.03.2006,
31.03.2007 and 31.03.2008 and Period ended December 31, 2008 are as follows.
Profit & Loss Statement
(Rs. In Lacs)
PARTICULARS
For the Period FY ‘08 FY ‘07 FY ‘06
Ended
December 31,
2008
Total Income 6.97 11.72 291.18 5.34
Total Expenditure 2.79 4.88 193.55 3.29
Profit Before Depreciation Interest
4.18 6.84 97.63 2.05
and Tax
Depreciation 1.61 1.10 0.16 0.16
Financial Charges 0.27 3.16 1.63 0.04
Profit Before Tax 2.30 2.58 95.84 1.85
Provision for Tax 0.80 0.58 0.01 1.34
Profit After Tax 1.50 2.00 95.83 0.51
BALANCE SHEET STATEMENT
For the Period
Ended
December 31,
2008
(Rs. In lacs)
FY ‘08 FY ‘07 FY ‘06
Sources Of Fund
Paid Up Share Capital 600.82* 593.56* 593.56* 593.56*
Reserves And Surplus 370.43 370.43 370.43 370.43
Profit and loss(Debit Balance) -786.18 -789.05 -791.06 -886.9
Net Worth 185.07 174.94 172.93 77.09
Secured loan 7.16 12.57 - -
Unsecured loan 60.02 73.18 3.44 62.75
Total 252.25 260.69 176.37 139.84
Use Of Funds
Net Fixed Assets 74.04 75.65 55.86 58.66
Investments 127.19 47.19 47.18 47.18
Net Current Assets 51.02 137.85 73.33 34.00
Total 252.25 260.69 176.37 139.84
* Note : There was call in arrears of Rs. 7.26 lacs as at the Balance Sheet of March 31, 2008. The same has been recovered
by the company afterwards and as on date there are no partly paid shares.
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