Financials 31 OCT 09

8/14/2019 Financials 31 OCT 09

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Page 1

BARKAT RICE MILLS - GUJRAT UNIT

TRIAL BALANCE

FOR THE MONTH OF OCT 2009

(Amount in Rupees)

Account Heads Weight (MT) FolioDebit Credit

CASH IN HAND

Bank Alfalah Ltd # 01005042 B-01 7,782

BOP A/C # 000730002 B-15 6,067,597

BOP A/C # 01577-0004 B-27 3,855

Cash Account D-89 62,887

RBS Bank B-38 1,047,423

MCB 1000159 B-29 1,025

TOTAL 7,190,569 -

RECEIVEABLESMuhammad Hussain & Sons P-25 10,500

Aziz Textile Fsd P-01 5,525

Akbar Resorts P-153 151,210

BRM Unit 1 P-164 5,089,329

Haji Fazal Hussain P-215 61,360

Haji Lal Din P-219 36,976

Karim Aziz Industries P-233 39,840

Karim Aziz Malik P-231 29,110

Mushtaq Ahmad P-245 1,482,509

Mat Cast Pvt Ltd P-243 52,435

Farooq Aziz & Brothers P-198 719,947

Tariq Mehmood G ujrat P-47 500,000

Haji Habib Ullah P-221 91,926

Passco P-259 583,920

S.B.Feeds P-269 142

VIP Store Rwp P-273 2,450

Farooq Aziz Malik P-203 150,000

Bilal Malik P-173 190,000

Goralla Land Legal Fee P-209 66,470

Kashif Dal Factory P-177 40

Afzal Mehmood P-151 14,600

Malik Nasir P-241 100,000

TOTAL 9,378,289



Page 2


ADVANCES GENERAL

A R Contractor A-04 63

Abdul Majid A-03 400

Andlep Contractor A-5 5,444

Fayyaz Ahmad Masson A-29 600

Ghulam Mustafa Contractor A-35 181

Hafeez-ur-rehman A-43 4,500

Ibrar Hussain Shah A-53 1,100

M Arshad Contractor A-67 118

M Iqbal Masson A-49

Manoor Ahmad

Naveed Ali Bhatti A-83 1,000

Pervaiz Iqbal Butt A-91

Yousaf Contractor A-143 100,000

Mushtaq Painter A-70

Nasir Ali Butt A-81 100

TOTAL 102,500 11,006

ADVANCES TO STAFF:

Alif Gul A-06 1,084

Afzal Shahid A-31 40,000Azeem A-02 500

Arsalan Haider A-1 1,000

Hamid Ali Butt A-41 1,084

Khurram Sohail A-57 750

M Ashraf Dogar A-63 4,085

Akhtar Plinthwala A-11 6,000

M Ijaz A-65 1,557

M Munir A-69 1,084

M Nadeem A-71 5,085

Dost Muhammad A-17 2,084

M Razzaq Store Man A-73 3,000

Majeed Maish A-65

Nisar Ahmad A-77 1,084

Nadeem S G A-79 700

Rizwan Manzoor A-97



Page 3


Rub Nawaz Cook A-105 4,584

Shabbir Hussain Driver A-115 4,500

M. Javed S/G A-59 1,084

Shahid Hameed A-111 1,406

Sohail Sultan A-117 1,000

Zareef S / G A-153

Mamoor khan A-66 2,000

M. Sheraz S/G A-119 1,084

TOTAL 84,755 -

FIXED ASSETS

Additional Building Work L-01 2,727,733

Furnitur,Fixture & Fitting A/C L-11 386,155

Generator L-13 927,000

New Machinery A/C L-15 751,172

NW-69 L-17 879,288

Tractor Trolly- GTG-8786 L-19 494,000

TOTAL 6,165,348 -

FIXED INVESTMENT (FSL)

FSL Steel Adjustment (Investment) P-207 30,687,355

TOTAL 30,687,355 -

STORE SUPPLIES PACKING

Jute Bags L-103 112,611

Store Supplies Packing

Jute Bags Issue To Party L-122 277,800

TOTAL 112,611 277,800

STOCK IN TRADE (OPENING)

Rice 3,731,806

Others 2,843,963

TOTAL 6,575,769 -

PURCHASES (RAW & PADDY) Weight (MT)

Paddy Supra 569.8 PP-33 9,643,815



Page 4


Paddy Super Fine 54.26 PP-35 775,761

Pddy 1121 Indian 10.400 PP-37 191,056

Rice 1 Basmati

Stell Bars 28.040 PP-41 1,603,810

Black Grams

TOTAL 662.490 12,214,442 -

DIRECT EXPENSES

Carriage on Paddy L-54 374,475

Paddy Rice Control A/C L-147 124,164

Carriage on Rice

TOTAL 498,639 -

INDIRECT EXPENSES

Animal Exp, L-22 113,184

Bank Charges ac L-28 9,152

Bardana Repairing L-31 88,989

Car Running Ky 69 l-41 38,392

Carriage General L-49 14,805

Cleaning Material L-33

Commission on Steel L-61 2,000

Donations L-79 390,980Electricity Bills L-85 189,362

Excise & Taxation L-87 2,100

Fumugation L-121

IDL 8612 L-48 36,594

Khattam Sharif L-107 60,332

Kitchen Expense L-113 211,117

Marketing Expense L-

Markup On Paddy L-

Mosque A/C l-115 18,046

News Papers & Periodicals L-131 23,407

NW 69 L-45 103,129

Others Charges (Passco) L-97

Plant & Machinery Store L-135 643,729

Plinth Repair & Maintinance L-141

Postage & Couriers L-143 10,226



Page 5


Printing & Staionery L-145 24,853

Salaries Expense L-151 1,175,646

Social Security

Staff Medical Expense L-157 6,379

Staff Travelling L-165 9,368

Steel Labour Exp. l-39 12,280

Store Purchases L-171 204,090

Sui Gas Bills L-183 45,720

Telephone & Mobile Bills L-195 60,200

1

2

3

4

5

6

TOTAL 3,494,080 -



Page 6


CURRENT LIABILITIES (PADDY & RICE)

Awan & Co P-05 62

Ch. Abdul Ghaffar P-09 56

Hafiz Irshad Ahmad P-37 79,302

Faisal Rice Traders P-59 11,322

Hafiz Rehmat & Sons P-31 983,099

Iqbal & Brothers P-49 2,424,253

Malik Afzal & Co P-33

Malik Shoukat P-39 12,000

Rao Yasin Phularwan P-92 1,481,607

Riaz Tanveer & Co P-93 418,355

Sajjad & Co Murikdee P-101 170

M. Sarfraz P-87 151,962

Tahir Mansoor P-29 15,645

Haji Gul Zaman p-89 38,385

Rajput Traders P-95 263,051

TOTAL 12,000 5,867,269

CURRENT LIABILITIES (OTHERS)

Ibl Boiler (Pvt.) Ltd. P-227

Azhar Hussain Sadiwal P-03 2,484

Bemgal Machinery Store P-07 9,936

Decent Electric Store P-11 54,387Ibl Boiler (Pvt.) Ltd. P-227 54,700

Fazal steel P-17 55,901

Fazal steel Steel A/C P-19 1,444,674

Khalid Paint Store P-63 1,960

Malik Abdul Jabar Gujranwala P-241 1,410

Munir & Sons Gujranwala P-73 71,657

Sardar A/c P-97 5,481

Tractor Trolly P-103 417,028

M. Afzaal P-75 272,000

Watan Commission Shop P-117 663

Saif Chemicals Lahore P-99 10,000

M.Sardar Malakwal P-77 1,278,428

TOTAL - 3,680,709

LONG TERM LIABILITY (FSL)

Fazal Steel (Activate) P-21 21,791,855



Page 7


TOTAL - 21,791,855

ACCRUED EXPENSES

Income Tax Payable Salaries L-89 991

Accured Payables (Salaries) L-26 253,729

TOTAL - 254,720

SALES-FININSHED GOODS Weight (MT)

SWR New 75.170 S-23 4,436,661

Brown Rice

Supra S-04

Black Graims (P& L Others) 60.523 S-27 1,972,226

Steel Bars (P & L Others) 18.835 S-25 1,106,679

TOTAL - 7,515,566

SALES - BI PRODUCTS Weight (MT)

R 2

B 1 4.29 S-21 81,415

B 2

B 3

Polish (Bran)Dust

Husk 17.86 S-22 41,972

TOTAL 22.145 - 123,387

OTHER RECEIPTS & REVENUES

Other Incomes

Trading A/C P-109 428,400

TOTAL - 428,400

Appropriate P & L L-275 36,592,967

Trial Difference 27,322

193

TOTAL 27,322 36,592,967

AGGREGATE TOTAL 76,543,679 76,543,679



Page 8


-




Profit & Loss Account

FOR THE MONTH OF OCT 2009

PARTICULARS Qty M. T 40 Kg

SALES Finished Goods

SWR 75.170 4,436,661 59,022 2,361

Supra - 0 #DIV/0! #DIV/0!

-

Total Raw Sales 75.170 4,436,661 59,022 2,361

Bi Product :

B 1 4.285 81,415 19,000 760

B 111 - 0 #DIV/0! #DIV/0!

Bran Rice - 0 #DIV/0! #DIV/0!

Husk 17.860 41,972 2,350 94

R 2 - 0 #DIV/0! #DIV/0!

Total Bi Product Sales 22.145 123,387 5,572 223

-

Net Sales 97.315 4,560,048 46,859 1,874

COST OF SALES

Opening Stock (Raw -Paddy) 73.140 3,731,806 51,023

Add: Paddy Supra 569.795 9,643,815 16,925 677Paddy Super White Rice 54.255 775,761 14,298 572

S.W.Rice (New) 10.400 191,056 18,371 735

R - 1 0.000 0 #DIV/0! #DIV/0!

-

Carriage on Paddy 374,475 6,902 276

Paddy Rice Control 124,164 175 7

Carriage on Rice 0 - -

Stock Available for Use 707.590 14,841,077 20,974 839

Less: Closing Stock-Paddy-Rice-Bi-Produc 10,429,058

Stock Consumed / Sold 97.315 4,412,019

Add: Direct Expenses

0

Less: Moisture Loss+ Husk used in Production

Total ValueRs.

AverageValue Rs.



PARTICULARS Qty M. T 40 KgTotal Value

Rs.AverageValue Rs.

Total Manufaturing Cost 4,412,019

Add: Opening Stock-S.W. H/Rice + Mix - 0

Stock Available for Sale 4,412,019

Less 0

0

0

Cost of Goods Sold 4,412,019

Less:Expenses

Animal Exp, 113,184

Bank Charges ac 9,152

Bardana Repairing 88,989

Car Running Ky 69 38,392

Carriage General 14,805

Cleaning Material -

Commission on Steel 2,000

Donations 390,980

Electricity Bills 189,362

Excise & Taxation 2,100Fumugation -

IDL 8612 36,594

Khattam Sharif 60,332

Kitchen Expense 211,117

Marketing Expense -

Markup On Paddy -

Mosque A/C 18,046

News Papers & Periodicals 23,407

NW 69 103,129

Others Charges (Passco) -

Plant & Machinery Store 643,729

Plinth Repair & Maintinance -

Postage & Couriers 10,226

Printing & Staionery 24,853

Salaries Expense 1,175,646

Social Security -

Staff Medical Expense 6,379



PARTICULARS Qty M. T 40 KgTotal Value

Rs.AverageValue Rs.

Staff Travelling 9,368

Steel Labour Exp. 12,280

Store Purchases 204,090

Sui Gas Bills 45,720Telephone & Mobile Bills 60,200

1 -

2 -

3 -

4 -

5 -

6 -

Total Expense 3,494,080 46,482 1,859

Add Other Income 428,400 on raw

T. B Difference Adjusted (27,322)

(27,322)

NET PROFIT / (LOSS) (2,944,973)




Profit & Loss Account - Others

FTM <<<<<<<<<< 2009

PARTICULARS Qty M. T 40 Kg

SALES

Black Grams 60.523 1,972,226

Steel Bars 18.835 1,106,679

Total Sales 79.358 3,078,905

COST OF SALES

Opening Black Grams 60.523 2,064,463

Opening Steel Bars 13.500 779,500Purchases - 0

Add: Black Grams 0.000 0 #DIV/0! #DIV/0!

Steel Bars 28.040 1,603,810 57,197 2,288

Purchasing Expenes 0 - -

0 -

Stock Available for Use 102.063 4,447,773 43,579 1,743

Less:Closing Stock of Steel Bars 22.705 1,302,699 57,375

Closing Stock of Black Grams - 0 34,110

Cost of Goods Sold 79.358 3,145,074

Gains / (Losses) (66,169)

Total Value

Rs.

Average

Value Rs.



BRM-GUJRAT

October ' 2009

Cash in Hand + Banks 7,190,569

Receivables 9,378,289

Advances General 91,494

Advances-Staff 84,755

Store Supplies (Jute) (165,189)

Stock in Trade - (Rice + Bi Products) 10,429,058

Stock in Trade - Steel & Black Graims 1,302,699

Current Assets 28,311,676

Current Liabilities -Against Paddy 5,855,269Current Liabilities -Against Others 3,680,709

Accrued Expenses 254,720

Current Liabilities 9,790,698

Net Working Capital 18,520,978

Fixed Assets 6,165,348

FSL Steel Investment (Infracture) 30,687,355

FSL Steel Long Term Liability (21,791,855)

Net Profit / ( Loss ) Upto Oct 2009 33,581,826

ALLOCATION OF NET PROFIT / ( LOSS ):

Net Profit / ( Loss ) Upto Oct 2009 33,581,826

Profit / ( Loss ) Upto 30 June 2008 36,592,967

Net Profit / ( Loss ) For Current Year (3,011,142)



Total Proift 33,581,826



BARKAT RICE MILLS - GUJRAT

BALANCE SHEET

October , 2009

ACCOUNT TITLE DR. CR.

Cash In Hands 7,190,569

Receivables 9,378,289

Advances - General 91,494

Advances - Staff 84,755

Stock in Trade - Rice & By Product 10,429,058

Stock in Trade - Steel Bars 1,302,699

Store Supplies Jute Bags -165,189

Current LIabilities - Rice & Paddy 5,855,269

Current Liabilities - Others - 3,680,709

Accured Expenses 254,720

TOTAL 28,311,676 9,790,698

Working Capital 18,520,978

Fixed Assets 6,165,348 -

FSL Investment 30,687,355

Long Term Liability - FSL Steel 21,791,855

Net Profit for the Period - Rice (2,944,973)

Net Profit for the Period - Others (66,169)

Profit Upto 30 June 2009 36,592,967

G. Total 65,164,379 65,164,379



DIFFERENCE: -



Barkat Rice Mills (Pvt.) Ltd. (Gujrat)

CLOSING STOCK

October 2009

VARIETY BAGS WEIGHT AMOUNT

SWR NEW 0 - 2,150 -

0 - -

0 - -

R - 1 0 - 2,770 -

0 - -

Paddy Supra 5,698 100 569,795 677 9,643,780

Paddy Super 543 100 54,255 572 775,847

B - 1 100 - 1,200 -

B - 1 50 - 750 -

B - 1SUPRA 50 - 700 -

B - III 3 100 290 525 3,806

B - III 50 - -

- -

POLISH 20 50 1,000 225 5,625

G. Total 625,340 10,429,058

BAGWEIGHT

RATE/40KG



BARKAT RICE MILLS GUJRAT

TRADING, PROFIT & LOSS ACCOUNTOctober 2009

SALES 4,560,048

PURCHASES 14,841,077

EXPENSES 3,093,002

LESS CLOSING STOCK (10,429,058)

COST OF SALES 7,505,021 (7,505,021)

NET PROFIT / (LOSS) FOR THE YEAR (2,944,973)

Financials 31 OCT 09

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