q125/random_k4/random_4.md

| FRONTIER  | LEASING  | &  FINANCE  | LTD |
| --------- | -------- | ----------- | --- |
21 sStt ANNUAL REPORT  2004-2005

FRONTIER LEASING & FINANCE LIMITED.
BOARD OF DIRECTORS
MR. KAWALJIT SINGH CHAWLA
MR. RAMN ATH CHOUDHARY
MR. VASUDEV R. YADAV
AUDITORS
M/s. J.S. Bhatia & Co
Chartered Accountants
Wl 5, Ashoka Centre,
2nd Floor.
Lokmanya Tilak Marg,
Mumbai-400 001.
BANKERS
PUNJAB & SIND BANK
J.K. Somani Bldg.,
British Hotel Lane, Fort,
Mumbai - 400 023.
BHARAT OVERSEAS BANK LTD
Rampart Row, Fort,
Mumbai-400 023.
REGISTERED OFFICE
Jyoti Studio Compound,
Near Kenned}' Bridge,
Mumbai-400 007.
2004-2005 ::

FRONTIER LEAStWG & FINANCE LIMITED
Rcgd. Office: C/o. Victory Printing Press. Jyoti Studio Compound. • K. B. A. Irani Bridge
,M U M 8 A 1-400 007 .
NOTICE
NOTICE IS HEREBY GIVEN THAT the 21ST Annual General Meeting of the Members of
FRONTIER LEASING & FINANCE LIMITED will be held on Thursday, 29th September
2005 at 3:00 p.m at the Registered Office of the Company at C/o. Victory Printing press, Jyoti
Studio Compound, K.B.A. Irani Bridge, Mumbai 400 007 to transact the following business:
ORDINARY BUSINESS:
1. To receive, consider and adopt the audited Statement of Accounts far the year ended 31st
Match 2005 and Balance Sheet as on that date along with the Reports of Directors and
Auditors thereon.
2. To appoint a Director in place of Mr. Ramnath Chauthary who retires by rotation and being
eligible, offers himself for re-appointment.
3. To appoint M/s. J. S. Bhatia & Co., Chartered Accountants, the retiring Auditors as Auditors
of the Company to hold office from the conclusion of this meeting uniil (he conclusion of next
Annual General Meeting of the Company and to fix their remuneration.
SPECIAL BUSINESS: .
4. To consider and if thought fit, to pass with or without modification (s). the following resolution
as an Ordinary Resolution:
"RESOLVED THAT Mr. Kawaljit Singh Chawla , who was appointed as an Additional Director
the Company pursuant to the provisions of Section 260 of the Companies -Act, 1956 read with
.Articles of Association of the Company with effect from 12th August, 2005 and who would vacate
his office at the ensuing Annual General Meeting and in respect of whom the Company has
received a notice under section 257 of the Companies Act, 1956 along with necessary deposits
from a shareholders proposing the candidature for Mr. Kawaljit Singh Chaw la as a Director of the
Company , be and is hereby appointed as a Director of the Company whose office shall be liable
to retirement by rotation."
For and on behalf of he Board .
Place: Mumbai
Dated: 25"' August 2005 DIRECTOR
Registered Office:
Go. Victory Printing Press.
Jyoti Studio Compound.
K.B.A. h'ani Bridge.
Mumbai - 400 007.

NOTES:
1.  A MEMBER  ENTITLED  TO ATTEND AND  VOTE AT THE MEETING IS
| ALSO ENTITLED  | TO APPOINT A PROXY TO ATTEND AND  |     |     |     | TO VOTE |
| -------------- | --------------------------------- | --- | --- | --- | ------- |
t
INSTEAD OF HIMSELF AND SUCH PROXY NKKD NOT BE A MEMBER
OF THE COMPANY.
2.  Proxies, if any, in order to be effective  must be received at the Company's  Registered
Office not later than 48 hours (forty eight hours) before the tune fixed for holding the
meeting.
3.  The Register of Members and the Share Transfer Books of the Company will remain closed
from  Wednesday,  28th  September  3005 to Thursday,  29* September  2005 (both  days
inclusive).
4.  Shareholders axe requested to forward their queries on the Accounts for the financial year
ended 31st March, 2005 to the Registered Office  of the Company at least 10 days in
advance to enable the Company to keep the information ready at the meeting.
5.  The Annual Reports and Attendance slips will not be distributed at the Annual General
Meeting. Shareholders are requested to bring the same along with them.
BRIEF  RESUME  OF  PERSONS  PROPOSED  TO  BE  APPOINTED/  RE-
| APPOINTED  | AS  DIRECTOR  | OF  THE  | COMPANY  | AT  THE  | ANNUAL |
| ---------- | ------------- | -------- | -------- | -------- | ------ |
GENERAL MEETING:
1 Particulars Mr. Ramnath  Choudharv Mr. Kawaljit Singh Chawla  1
| Date of Birth       |     | 19.08.1944 |     |     | 31.07.1966 |
| ------------------- | --- | ---------- | --- | --- | ---------- |
| Date of Appointment |     | 26.06.1985 |     |     | 12.08.2005 |
| Qualifications      |     | S.S.C      |     |     | B.B.A      |
Expertise in specific A/CJs & Taxation Machinery & Machine Tools.
functional areas
| Directorship of other |     | No  |     |     | No. |
| --------------------- | --- | --- | --- | --- | --- |
Companies
| Chairman/Member of the |     | No  |     |     | No  |
| ---------------------- | --- | --- | --- | --- | --- |
Committees of the board of
the Companies on which he
is a Director
• •
|     |     |     |     | . .  | ...  _ |
| --- | --- | --- | --- | ---- | ------ |

|     |     |     | FINANCE  |     | LIMITED |
| --- | --- | --- | -------- | --- | ------- |
Rcgd. Office :  C/o.  Victory  Printing  Press  Jyoti  Studio  Compound.  K. 8. A.  Irani  Bridgo.
|     | ,M  U  M  | O A I -4  00  | 0 0 7. |     |     |
| --- | --------- | ------------- | ------ | --- | --- |
DIRECTORS'REPORT
To The  Members,
The Directors have pleasure in presenting their 21* Annual Report on the business operations
of the Company alongwith the Statement of Audited Accounts for the year ended 31st March
2005.
Financial  Results:
(Amt. in Rs.)
| Particulars  |     | Year Ended     |          | Year Ended     |          |
| ------------ | --- | -------------- | -------- | -------------- | -------- |
|              |     | 31* March 2005 |          | 31* March 2004 |          |
| Total Income |     |                | 3,48,443 |                | 2,60,610 |
Profit/(Loss) before Interest, Depreciation 2,63,694 1,70,505
& Taxation
| Less: Interest |     |     | 43,441 |     | 2,502 |
| -------------- | --- | --- | ------ | --- | ----- |
Profit/(Loss) before Depreciation & Tax 2,20,253 l_  '  1,68,003
| Less: Depreciation       |     |     | 9,096    |     | 13,497   |
| ------------------------ | --- | --- | -------- | --- | -------- |
| Pro£it/(Loss) before Tax |     |     | 2,11,157 |     | 1,54,506 |
Less: Provision for Tax
| Current Tax                              |     |     | 46,000     |     | 50,720   |
| ---------------------------------------- | --- | --- | ---------- | --- | -------- |
| Deferred Tax                             |     |     | (3,522)    |     | 4,411    |
| Net Profit/(Loss) after Tax              |     |     | 1,68,679   |     | 99,375   |
| Balance brought forward from Last Tear   |     |     | . 9,88,463 |     | 9,06\239 |
| Excess/ Short Provision for Tax          |     |     | 235        |     | 847      |
| Transfer to Statutory Reserves           |     |     | 34000      |     | 20000    |
| Balance carried forward to Balance Sheet |     |     | 1123377    |     | 988461   |
Year under Review.
Dunng the year under review, income from operations has been increased to Rs.3.48 Lacs as
compared  to Rs. 2.60 Lacs for  the previous year. Profit before  Interest, Depreciation  and
Taxation stood at Rs.2.63 Lacs. After providing for Interest, depreciation and taxation of Rs.
0.95 Lac, the Company has registered a Net profit of Rs. 1.68 Lacs as against Rs.0.99 lacs in
the previous year.
Your Company continues  to  be  cautiously optimistic  about  its  growth  prospects  for  the
current financial year.
Dividend:
Your  Directors  have  not  recommended  payment  of  dividend  for  the  year  under  review
considering the need to improve the net worth of the Company.

Directors' Responsibility Statement.
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors confirm the
following:
• In the preparation of the annual accounts, the applicable standards have been followed
• Your Directors have selected such accounting policies and applied them consistently and
• made judgments and estimates that are reasonable and prudent so as to give a true and fair
view of the state of Affaires of the Company at the end of the fipannei year and of the
profit or' the Company for that year.
• Your Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities.
• Your Directors have prepared the attached Statement of Accounts for the year ended
March 31, 2005 on a going concern basis.
Directors:
Your Directors place on record their profound grief on the sudden and said demise of Mr.
Jameet Singh Chawla, Director of the Company on 12th August 2005.
Mr. Ramnath Chaudhary, is liable to retire by rotation at the Annual General Meeting and
being eligible, offers himself for re-appointment. Your Board recommends his re-appointment.
Mr. Kftwdjit Singh Chawla who was appointed as an Additional Director of the Company
during the year pursuant to the provisions of Section 260 of the Companies Act, 1956 would
vacate his office on the date of the ensuing Annual General Meeting of the Company. The
Company has received Notices under Section 257 of die said act from a shareholder proposing
the candidature of Mr. Kawaljit Singh Chawla for the office of Director of the Company.
Accordingly, resolution has been proposed in the Notice of the forthcoming Annual General
Meeting of the Company for the appointment of Mr. Kawaljit Singh Chawla as a Director of
the Company.
Auditors:
M/s. j. S. Bhatta & Co., Chartered Accountants, Auditors of the Company retire at the
ensuing Annual General Meeting and are eligible for re-appointment. The Company has
received a certificate from the Auditors to the effect that their appointment; if made, would be
within the prescribed limits under Section 224(1B) of the Companies Act, 1956. The members
Are requested to appoint the Auditors and authorise the Board to fix their remuneration.
A uditors' Report:
Observations made in the Auditors' Report are self-explanatory and therefore, do not call for
any further comments under Section 217(3) of the Companies Act, 1956.

Secretarial Compliance certificate:
Secretarial Compliance Certificate as required under section 383 A(l) of the Companies Act, 1956
as amended hy the Companies (Amendment) Act, 2000 issued by M/'s Rathi & Associates,
Company Secretaries is attached herewith.
Fixed Deposits:
During the period under review, the Company has not accepted or renewed any deposits within the
meaning of Section 58A of the Companies Act, 1956 and the Companies (Acceptance of
Deposits) Rules, 1975.
Particulars of Employees:
During the year under review, none of the employees of the Company was in receipt of
remuneration aggregating Rs.24,00,000/- or more per annum, if employed throughout the year, or
Rs. 2,00,000/- or more per month, in case employed for part of the year. Hence, there are no
particulars to he annexed to tliis report as required under Section 217 (2A) of the Companies Act
1956 and the rules made thereunder.
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings And Outgo:
The requirements of disclosures in terms of Section 217(l)(e) of the Companies *\ct, 1956, read
wirh rhe Companies (Disclosures of the Particulars in the Report of the Board of Directors) Rules.
X9SS pertaining to the conservation of energy and technology absorption are not applicable to the
Company due to the very nature of the industry in which it operates.
During the year under review, there was no foreign exchange earnings and outgo.
. 4 eknoniedgements:
The.Directors wish to express their gratitude to the bankers, clients and all the business associates
tor their continuous support to the Company and to the Shareholders for the confidence reposed in
the Company's management. The Directors also convey their appreciation to the employees at all
levels for their enormous personal efforts as well as collective contribution.
For and on behalf of the Board
Place: Munibai
Date: 25 August 2005 Director Director

ft «*• s.
BHATIA & CO.
*•
CHARTERED ACCOUNTANTS Mumbai-400 001.
Trt.: Office: 2267 5066 / 2267 5067
Fax: 2269 2994
Resi.: 2620 2207 / 2620 3849
E-mail: jaipalsb©bom3.vsnl.net.ln
AUDITOR'S REPORT
We have audited the attached Balance Sheet of M/S FRONTIER LEASING &
FINANCE LTD., as at 31st March 2005 and also the Profit and Loss Account for
the year ended on that date and cash flow statement for the year ended on that date
annexed thereto. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements on our audit.
We conducted our audit in accordance- with auditing standards generally accepted
in India. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstateme-nts. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
As required by the Companies (Auditor's Report) Order, 2003, (the Order) issued
by the Central Government of India in terms of sub-section (4A) of Section 227 of
the Companies Act, 1956, we enclose in the Annexure a statement on the matters
specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the Annexure referred to above, we report that :
i) We have obtained all the information and explanations, which to the best of
our knowledge and belief were necessary for the purposes of our audit.
ii) In our opinion, proper books of account as required by law have been kept
by the Company so far, as appears from our examination of those books.
Hi) The Balance Sheet, Profit and Loss Account dealt with by this report are in
agreement with the books of accounts.
iv) In our opinion, the Balance Sheet Profit and Loss Account and Cash Flow
Statement dealt with by this report comply with the accounting standards
referred to in sub-section (3C) of Section 211 of the Companies Act, 1956.

| J.  S.  BHAT1A & CO. |              |     |     | w                                  |
| -------------------- | ------------ | --- | --- | ---------------------------------- |
| CHARTERED            | ACCOUNTANTS  |     |     | E-mail: jalpalsbeborh3.vsnl.net.ln |
v)  On the basis of written  representations  received  from  the  directors  as on
March  31, 2005 and taken  on record by the Board of Directors, we report
that none of the directors is disqualified  as on March  31, 2005 from  being
appointed  as a director in terms of Claus6 (g) of sub-section  (1) of Section
274 of the Companies Act, 1956;
vi)  In  our opinion  and to the best  of  our  information  and  according  to the
explanations given to us, the said accounts give the information  required by
the Companies Act,, 1956, in the manner so required and give a true and fair
view  in  conformity  with  the  accounting  principles  generally  accepted  in
India :
a)  In the. case of the Balance Sheet, of the state of affairs of the Company
as at 31;{1 March, 2005.
b)  In the case of Profit & Loss Account, of the Profit for the year ended
on that date;
c)  in  the case  of cash  flow  statement,,  of the  cash  flows  for  the year
ended on that date.
For J. S. BHATIA&CO..
|          |               |     | ARTERED      | ACCOUNTANTS. |
| -------- | ------------- | --- | ------------ | ------------ |
| PLACE .  | MUMBA1        |     | J. S. BHATIA |              |
| DATE     | -zs/ogj 2003  |     | PROPRIETOR   |              |

J. S. BHATIA & CO. ™ ' S^
CHARTERED ACCOUNTANTS E-maH: Jalpiteb©boin3.v»nl.nrt.ln
Annexure to the auditors report of even date to the members of M/s Frontier
Leasing & Finance Ltd.
i) a). The Company has maintained proper records showing full particulars,
including quantitative details and the situation of its fixed assets.
b) All fixed assets are physically verified by the management during the
year. In our opinion, the frequency of verification of the fixed assets
by the management is reasonable having regard to the size of the
Company and the nature of its assets. There were no discrepancies
noticed during the physical verification conducted by management.
c) The assets disposed off during the year are not significant and
therefore do not affect the going concern assumption.
ii) Since the company did not deal in goods or merchandise, the requirements
relating to inventory in clause (ii)(a), (ii)(b) and (ii)(c) of the order are not
applicable.
in) During the year, the Company has not granted any loans to parties listed in
the register maintained under section 301 of the Companies Act, 1956.
Hence, requirements mentioned in clause (iii)(a), (iii)(b), (iii)(c),(iii)(d) are
not applicable.
iv) Since the company did not deal in goods or merchandise, the requirements
in clause (iv) of the order to internal control procedure on purchase of
inventory, fixed assets and sale of goods is not applicable.
v) Based on the audit procedures applied by us and according to the
information and explanations provided by the management, we are of the
opinion that there are no transactions that need to be entered into the
register maintained under section 301.
vi) The Company has not accepted any deposits from the public during the year;
vii) The Company has a system of internal audit which, in our opinion, is
commensurate with its size and nature of its business;

J S RHATTA Jfo Pft TW.:Olte»:22675066/2267 5067
V. &. UtlALLA 06 iAJ. F«:22692994
CHARTERED ACCOUNTANTS E-mail: Jaipalsbebom3.vsnl.neLin
viii) The company is not required to maintain cost records pursuant to the rules
made by the Central Government under section 209(l)(d) of the Companies
Act, 1956.
ix) According to the records, information and explanations provided to us, the
Company is generally regular in depositing with appropriate authorities
undisputed amount of income-tax and other statutory dues applicable to it
and no undisputed amounts payable were outstanding as at 31st March, 2004
for a period of more than six months from the date they became payable;
x) The Company neither has accumulated losses at the end of the financial year
but has incurred cash losses during the year and during the year immediately
preceding current year;
xi) Based on our audit procedures and on the information and explanations
given by the management, the Company has not availed funds / facilities
from the financial institution or bank;
xii) Based on our examination and according to the information and explanations
given to us, the Company has not granted loans and advances on the basis of
security by way of pledge of shares, debentures and other securities;
xiii) The company is not a chit / nidhi / mutual benefit fund/ society and clause
(xiii) of the order is not applicable.
xiv) In our opinion and according to the information and explanations given to
us, proper records have been maintained of the transactions and contracts
relating to dealing in shares, securities and debentures and timely entries
have been made in such records. All the investments are in the name of the
company.
«v) On the basis of the information and explanations given to us the Company
has not given any guarantee for loans taken by others from bank or financial
institutions;

J S RHATTA fe PO TW.:Omo«:22876066/22675067
O. O. UttAliA OB UU. Fax:226»2994
CHARTERED ACCOUNTANTS E-mail: jalpalsb©bom3.vsnl.not.in
xvi) There was no term loan availed by the company and outstanding during the
year.
xvii) On the basis of our examination of the books of accounts and the
information and explanations given to us, in our opinion, the funds raised on
short-term basis have not been used for long term investment and vice versa;
xviii) During the year, the Company has not made any preferential allotment of
shares to parties and companies covered in the register maintained under
section 301 of the Act;
xix) The Company did not have any outstanding debentures during the year;
xx) The Company has not raised any money by public issues during the year;
xxi) Based on the audit procedure performed and information and explanations
given to us by the management, we report that no fraud on or by the
Company has been noticed or reported during the course of our audit.
For! S. BHATIA&CO.,
CHARTERED ACCOUNTANTS.
PLACE : MUMBAI J. S. BHATIA
DATE : PROPRIETOR

FRONTIER LEASING & FINANCE LTD
BALANCE SHEET AS ON 31ST MARCH 2005
|                     |     | AS AT     | AS AT     |
| ------------------- | --- | --------- | --------- |
|                     |     | 31.3.2005 | 31.3.2004 |
| I. SOURCES OF FUNDS | CH  | Es        | Rs        |
1 Shareholders Funds
| a) Capital | A   | 2450000 | 2450000 |
| ---------- | --- | ------- | ------- |
B
| b) Reserve & Surplus |     | 2565027 | 24161 A3 |
| -------------------- | --- | ------- | -------- |
2 Loan Funds
10735
| Unsecured Loans      | B1  |          | 10033   |
| -------------------- | --- | -------- | ------- |
| TOTAL FUNDS EMPLOYED |     | 5045762  | 4876146 |
II. APPLICATIONS OF FUND
1 Fixed Assets
| Gross Block |     | 624532 | 624532 |
| ----------- | --- | ------ | ------ |
|             |     | 592430 | 583335 |
Less: Depreciation
| Net Block     |     | 32102   | 41197  |
| ------------- | --- | ------- | ------ |
| 2 Investments |     | 801704  | 781879 |
3 Net Cuirrent Assets
| Current Assets                          | E   | 51090    | 17997   |
| --------------------------------------- | --- | -------- | ------- |
| Loans & Advances                        | F   | 4259644  | 4173242 |
|                                         |     | 4310734  | 4191239 |
| Less : Current Liabilities & Provisions |     | 121339   | 157208  |
|                                         |     | 4189395  | 4034031 |
| 4 Deffered Tax Assets                   |     | 22561    | 19039   |
| TOTAL FUNDS APPLIED                     |     | 5045762  | 4876146 |
NOTES ON ACCOUNTS
AS PER OUT ATTACHED REPORT OF EVEN DATE  FOR AND ON BEHALF OF THE 8OARD
FOR J.S BHATIA & CO
| CHARTERED ACCOUNTANT  | KAWALJIT SINGH CHAWLA |     |     |
| --------------------- | --------------------- | --- | --- |
VASUOEV R. YADAV
J.S BHATIA
| PROPRIETOR                | DIRECTORS                 |     |     |
| ------------------------- | ------------------------- | --- | --- |
| PLACE . MUMBAI            | PLACE . MUMBAI            |     |     |
| DATED : 25th AUGUST 2005. | DATED : 25th AUGUST 2005. |     |     |

FRONTIER LEASING & FINANCE LTD
PROHT & LOSS A/C FOR THE YEAR EHDED 31ST MARCH 2005
|     |     |     |            | Rs  |           | Rs  |
| --- | --- | --- | ---------- | --- | --------- | --- |
|     |     | SCH | 31.3.2005  |     | 31.3.2004 |     |
INCOME ••
| interest Received        |     | H   |     | 215807 |     | 231639 |
| ------------------------ | --- | --- | --- | ------ | --- | ------ |
| Dividend Income          |     | I   |     | 200    |     | 200    |
| Profit on Sale of Assets |     |     |     |        | 0   | 28771  |
| Profit on Sate of Shares |     |     |     | 122436 |     | 0      |
|                          |     |     |     | 348443 |     | 260610 |
EXPENDITURE :
| Administration & Other Exp |     | J   |     | 84749 |     | 90105 |
| -------------------------- | --- | --- | --- | ----- | --- | ----- |
| Depreciation               |     |     |     | 9096  |     | 13497 |
K
| Interest Paid     |     |     |     | 43441  |     | 2502   |
| ----------------- | --- | --- | --- | ------ | --- | ------ |
|                   |     |     |     | 137286 |     | 106104 |
| Profit Before Tax |     |     |     | 211157 |     | 154506 |
Less : Provision of Taxation
|     |     |     |     | 46000 |     | 50720 |
| --- | --- | --- | --- | ----- | --- | ----- |
Current Tax
|     | Defferecf Tax |     |     | -3522  |     | 4411  |
| --- | ------------- | --- | --- | ------ | --- | ----- |
|     |               |     |     | 168679 |     | 99375 |
Profit After Tax
| Balance brought forward from Last year |     |     |     | 988463  |     | 908239  |
| -------------------------------------- | --- | --- | --- | ------- | --- | ------- |
| Excess / (Short) Provision for Tax     |     |     |     | 235     |     | 847     |
|                                        |     |     |     | (34000) |     | (2QQGQ) |
Transfer to Statutory Reserve
|     |     |     |     |     | 0   | 0   |
| --- | --- | --- | --- | --- | --- | --- |
Net Defered Tax Assets on transitional provision
| Balance carried forward to Balance Sheet |     |     |     | 1123377 |     | 988461 |
| ---------------------------------------- | --- | --- | --- | ------- | --- | ------ |
Earning Per Share
|     |     |     |     | 0.55 |     | 0 33 |
| --- | --- | --- | --- | ---- | --- | ---- |
Basic & Diluted
| Face Value per Share |     |     |     | Rs 10/- |     | Rs. 10/- |
| -------------------- | --- | --- | --- | ------- | --- | -------- |
NOTES ON ACCOUNTS
AS PER OUT ATTACHED REPORT OF EVEN DATE FOR AJND ON BEHALF OF THE BOARD
FOR J.S BHATIA & CO
| CHARTERED ACCOUNTANT |     | KAWALJIT SINGH CHAWLA |     |     |     |     |
| -------------------- | --- | --------------------- | --- | --- | --- | --- |
VASUDEVR.YADAV
J.S BHATIA
| PROPRIETOR               |     | DIRECTORS     |                   |     |     |     |
| ------------------------ | --- | ------------- | ----------------- | --- | --- | --- |
| PLACE: MUMBAi            |     | PLACE: MUMBAf |                   |     |     |     |
| DATED : 25th AUGUST 2005 |     | DATED         | 25th AUGUST 2005. |     |     |     |

FRONTIER LEASING & FINANCE LTD
SCHEDULE ANNEXED TO AND FORMING PART OF THE ACCOUNTS AS AT 31.03.2008
|            |     |     |     | AS AT      | AS AT     |     |
| ---------- | --- | --- | --- | ---------- | --------- | --- |
| SCHEDULE A |     |     |     | 31.3.2005  | 31.3.2004 |     |
|            |     |     |     | Rs         |           | Rs  |
Share Capital
Authorised
| 2,50,000 Equrty Shares of Rs. 10/- each |     |     |     | 2500000 |     | 2500000 |
| --------------------------------------- | --- | --- | --- | ------- | --- | ------- |
Issued. Subscribed & Paid UP
| 2,45,000 Equity Shates of Rs. 10)- each |     |     |     | 2450000 |     | 2450000 |
| --------------------------------------- | --- | --- | --- | ------- | --- | ------- |
|                                         |     |     |     | 2450000 |     | 2450000 |
SCHEDULE B:
Reserve & Surplus
|                       | Opening   | Addition |     | Deduction | Closing |           |
| --------------------- | --------- | -------- | --- | --------- | ------- | --------- |
|                       | Balance   |          |     |           | Balance |           |
| General Reserve       | 1185650   |          | 0   | 0         |         | 1185650   |
| (Previous Year)       | (1185650) |          | 0   | 0         |         | (1185650) |
| Statutory Reserve     | Z42O00    | 34000    |     | 0         |         | 276000    |
| (Prev©us Year)        | (222000)  | (20000)  |     | 0         |         | (242000)  |
| Profit & Loss Account |           |          |     | 34000     |         | 1123377   |
|                       | 9S84B3    | 168914   |     |           |         |           |
|                       | (908239)  | (100224) |     | (20000)   |         | (988463)  |
(Previous Year)
|     | 2416113 | 202914 |     | 34000 |     | 2585027 |
| --- | ------- | ------ | --- | ----- | --- | ------- |
Total
|     | (2315889) | (120224) |     | (20000) |     | (2416113) |
| --- | --------- | -------- | --- | ------- | --- | --------- |
(Previous Year)
SCHEDULE B1
Unsecured Loans
| Jeet Machine Toots Ltd |     |     |     | 10735 |     | 10033 |
| ---------------------- | --- | --- | --- | ----- | --- | ----- |
|                        |     |     |     | 10735 |     | 10033 |

FRONTIER LEASING & FINANCE LTD
SCHEDULE -C
FIXED ASSETS
(AMOUNT IN RS)
| ASSETS | GROSS BLOCK | DEPRECIATION    |               |         | NET       | BLOCK   |
| ------ | ----------- | --------------- | ------------- | ------- | --------- | ------- |
|        | As on Dedn  | As on As on     | t-or the Dedn | As on   | As on |   | As on   |
|        | 1.4.04      | 31.3.05 01.4.04 | Year          | 31.3.05 | 31.3.05J  | 31.3.04 |
Furniture &
| Fixture | 1322 0 | 1322 1247 | 14 0 | 1261 | 61  | 75  |
| ------- | ------ | --------- | ---- | ---- | --- | --- |
Office
| Equipment | 64170 0 | 64170 51284 | 5154 0 | 5643S | 7732 | 12886 |
| --------- | ------- | ----------- | ------ | ----- | ---- | ----- |
!
Plant &
[
i
Mach.
| Leased   | 0 0           | 0 0           | 0 0          | 0      | 0        | 0     |
| -------- | ------------- | ------------- | ------------ | ------ | -------- | ----- |
| Others   | 559040 0      | 559040        | 3928 0       | 534731 | 24309    | 2S237 |
| TOTAL    | 624532 0      | 624532 583334 | 9096 0       | 592430 | 32102    | 41193 |
| PREVIOUS |               | I             |              |        |          |       |
|          |               |               |              |        | 41197 I  | 67448 |
| YEAR     | 741023 116491 | 6245321673575 | 13497 103737 | 583335 |          |       |

FRONTIER LEASING & FNANCE LTD
SCHEDULE -D
INVESTMENTS (AT COST)
LONG TERM INVESTMENTS OTHER THAW TRADE INVESTMENTS:
| NAME OF SCRIP  |          | NO.OF  | FACE   |     | AS AT    | AS AT   |     |
| -------------- | -------- | ------ | ------ | --- | -------- | ------- | --- |
|                | SHARES/  |        | VALUE  |     | 31.3.05  | 31.3.04 |     |
|                | DEBENTU  |        |        |     |          | fi£     |     |
(PREV.YR.)
1  IN SHARES AND DEBENTURES :-
A. IN FULLY PAID UP EQUITY SHARES: (QUOTED)
| Jeet Machine TooteUd                 |     | 1400 |     |     | 3556  |     | 3556 |
| ------------------------------------ | --- | ---- | --- | --- | ----- | --- | ---- |
| Subway Finance & Investment Co. Ltd  |     | 1000 |     | 10  | 2463  |     | 2463 |
| Timex Watches ltd.                   |     | 100  |     | 10  |       | 0   | 1000 |
| Indoco.                              |     |      | 85  | 10  | 20825 |     | 0    |
B. \U FULLY PAID UP EQUITY SHARES: (UNQUOTED^
|                                   |     |     |     | 10  | 2000 |     | 2000 |
| --------------------------------- | --- | --- | --- | --- | ---- | --- | ---- |
| Ring Plus (Aqua Bearings Ltd)     |     | 200 |     |     |      |     |      |
| Usha fvftcroprocess Controls Ltd  |     | 5G  |     | to  | 500  |     | 500  |
Aggregate Cost of Im'estments in Shares & Debentures  (!) 29344 9519
| Aggregate Cost of Quoted Investments       | At Cost |     |     |     | 26S44  |        | 7019 |
| ------------------------------------------ | ------- | --- | --- | --- | ------ | ------ | ---- |
| Aggregate Cost of Unquoted Investments     | At Cost |     |     |     | 2500   |        | 2500 |
| IN IMMOVABLE PROPERTIES                    | (ID     |     |     |     | 772360 | 772360 |      |
| II  Aggregate Cost of Investments (I + II) |         |     |     |     | 801704 | 781879 |      |
11764
| Aggregate Market Vakie of Quoted Shares/ Debentures |     |     |     |     | 35947 |     |     |
| --------------------------------------------------- | --- | --- | --- | --- | ----- | --- | --- |

FRONTIER LEASING & FINANCE LTD
|     |     |     | AS AT     | AS AT     |
| --- | --- | --- | --------- | --------- |
|     |     |     | 31.3.2005 | 31.3.2004 |
|     |     |     | Bs.       | S§        |
SCHEDULE E
Current Assets
| Cash on Hand |     |     | 1017 |     |
| ------------ | --- | --- | ---- | --- |
1517
| Bank Balance {win Schedule Bank) |     |     | 50074 | 16480 |
| -------------------------------- | --- | --- | ----- | ----- |
|                                  |     |     | 51091 | 17997 |
SCHEDULEF
| Loans &  | Advances |     |     |     |
| -------- | -------- | --- | --- | --- |
(Considered Good & Unsecured)
| Gemini Machine International |     |     | 0       | 523550  |
| ---------------------------- | --- | --- | ------- | ------- |
| Aavance Payment of Tax       |     |     | 21500   | 40500   |
| Tax Deducted at Source       |     |     | 92399   | 108949  |
| Deposits                     |     |     | 2000    | 2000    |
| FDR Deports                  |     |     | 3925438 | 2950000 |
| Interest Accrued on FDR      |     |     | 215807  | 547943  |
| Prepaid Expenses             |     |     | 2500    | 0       |
|                              |     |     | 4259644 | 4173242 |
SCHEDULE G
Current Usabilities & Provisions
| Other LiaDilites       |     |     | 24619  | 28488  |
| ---------------------- | --- | --- | ------ | ------ |
| Provision for Taxation |     |     | 96720  | 128720 |
|                        |     |     | 121339 | 157208 |
SCHEDULE H
Interest  Received
| On Loans (Gross) |     |     | 0   | 30000 |
| ---------------- | --- | --- | --- | ----- |
(TDS Rs.NIL Previous Year Rs.6150/-)
| Fixed Depostis |     |     | 215807 | 201639 |
| -------------- | --- | --- | ------ | ------ |
(TDS Rs. 44676/- Previous Year Rs 41573/-)
|     |     |     | 21580f | 231639 |
| --- | --- | --- | ------ | ------ |
SCHEDULE}
Dividend Income
| Dividend on Long Term investment (Gross) |     |     | 200 | 200 |
| ---------------------------------------- | --- | --- | --- | --- |
|                                          |     |     | 200 | 200 |
(TDS Rs.NIL Pre\ious Year Rs. NIL)
SCHEDULEJ
Administration & Other Expenses
|     |     |     | 14660 | 15116 |
| --- | --- | --- | ----- | ----- |
Advertisement Exp
| Salary & Other Benefits |     |     | 1775 | 2069 |
| ----------------------- | --- | --- | ---- | ---- |
Pa'ymerrt \o Auditors
Audit Fees
5510
|                       | Taxation Fees | 7500 | 13010 | 12900 |
| --------------------- | ------------- | ---- | ----- | ----- |
| Professional Charges  |               |      | 30535 | 34083 |
| Listing Fees          |               |      | 1QGGG | 1000G |
| Printing & Stationary |               |      |       | 540   |
1134
| Office Rent                      |     |     | 6000  | 6000  |
| -------------------------------- | --- | --- | ----- | ----- |
| Donation'                        |     |     | 1000  | 0     |
| Rep . 4. Main.tan.ce of Computer |     |     | 0     | 667   |
| Miscellenous Expenses            |     |     | 6635  | 8730  |
|                                  |     |     | 84749 | S0105 |
SCHEDULE K
Interest Paid
| Interest Paid to Others               |     |     | 702   | 2502 |
| ------------------------------------- | --- | --- | ----- | ---- |
| interest Paid against Bank Loan - FDR |     |     | 42739 | 0    |
|                                       |     |     | 43441 | 2502 |

FRONTIER LEASING & FINANCE LTD.
SCHEDULE - L : NOTES ON ACCOUNTS.
1. Significant Accounting Policies :-
The financial statements are prepared under the historical cost convention, on an accrual
basis and in accordance with the applicable accounting standards.
1.1) Fixed Assets:-
Fixed Assets are stated at cost, less accumulated depreciation. Cost comprises
the purchase price and any attributable cost of bringing the asset to its working
condition for its intended use.
1.2) Depreciation :-
Depreciation on Fixed Assets is provided on Written Down Method at the rates
and in the manner specified in the Schedule XIV of the Companies Act, 1956.
1.3) Investments :-
Long Term Investments are stated at cost.
1.4) Revenue Recognition :
Interest is recorded on time basis. Dividend income on investments is accounted
for when the right to receive the payment is established.
1.5) Taxation :-
The provision for Current Tax is determined on the basis of taxable income for the
current accounting year in accordance with the Income Tax Act, 1961.
The Deferred Tax is recognised, considering the prudence, on timing difference
that originate in one period and capable of reversal in subsequent period.
Deferred tax assets are recognised on Long Term Capital ioss on the basis of
reasonable certainty that such deferred tax asset can be realised against future
taxable Long Term Capital Gain.
Deferred tax Liability recognised in earlier year on difference between Book
depredation and depreciation under Income Tax Act 1961 is reversed to the extent
of realization.
1.6) Retirement Benefits :-
The Gratuity liability is provided on cash basis.
1 7) Segment Information :-
Since the company is dealing in only one segment, i.e. financing, there is no
reportable segment as per AS-17 on "Segment Reporting" issued by Institute of
Chartered Accountant of India.

2.  Contingent Liability not provided for
|     |     |     | As on    | As on   |     |     |
| --- | --- | --- | -------- | ------- | --- | --- |
|     |     |     | 31.3.05  | 31.3.04 |     |     |
Estimated amount of contracts remaining
to be executed on capital account and
|     | not provided for                    |     | Nil      | Nil     |     |     |
| --- | ----------------------------------- | --- | -------- | ------- | --- | --- |
|     |                                     |     | As on    | As on   |     |     |
|     |                                     |     | 31.3.05  | 31.3.04 |     |     |
| 3.  | a) Expenditure in Foreign Currency  |     | Nii      |         | Nii |     |
b) Amount remitted during the year in
|     | Foreign Currency on account & Divided  |     | Nil  |     | Nil |     |
| --- | -------------------------------------- | --- | ---- | --- | --- | --- |
|     | c)  Earning in Foreign Exchange        |     | Nil  |     | Nil |     |
4  Other information pursuant to paragraph 3,4C, 4D of Part II of Schedule VI of the
Companies Act, 1956 are not applicable.
5  Payment made to Auditors :
|     |     |     | As on   | As on   |     |     |
| --- | --- | --- | ------- | ------- | --- | --- |
|     |     |     | 31.3.05 | 31.3.04 |     |     |
|     |     |     | 5000    | 5000    |     |     |
a) As Audit Fees
|     | b) Other Matters |     | 7500 | 7500 |     |     |
| --- | ---------------- | --- | ---- | ---- | --- | --- |
400
|     | c) Service Tax |     | 510   |       |     |     |
| --- | -------------- | --- | ----- | ----- | --- | --- |
|     |                |     | 13010 | 12900 |     |     |
6  The basic earning per share is computed by dividing the net profit attributable to the equity
shareholders for the year by the weighted average number of equity shares outstanding
during the year.  As there is no presence of diiutive potential equity shares, the diluted EPS
is same as basis EPS as follows :
|     |     |                                          |     |             | As on   | As on      |
| --- | --- | ---------------------------------------- | --- | ----------- | ------- | ---------- |
|     |     |                                          |     | 31/03/2005  |         | 31/03/2004 |
|     |     | Profit after Tax                         |     |             | 168679  | 99375      |
|     |     | Add : Excess /(Short) Provision for Tax  |     |             | 235     | 847        |
|     |     | Less: Transfer to Statutory Reserve      |     |             | 34000   | 20000      |
Net Profit attributable to Equity Shareholders  134914  80222
|     |     | Weighted average number of shares  |     | 245000  |     | 245000 |
| --- | --- | ---------------------------------- | --- | ------- | --- | ------ |
Earning per share
|     |     | Basic & Diluted  |     |     | 0.55  | 0.33 |
| --- | --- | ---------------- | --- | --- | ----- | ---- |

7.  Deferred Tax :-
5.1)  Net Deferred Tax income for the year is Rs. 3522 and the same has been charged to
the Profit and Loss Account.
6.2)  The break-up  of deferred tax assets and fiabifities are as foilows :
|     | As on    | As on    |
| --- | -------- | -------- |
|     | 31.03.05 | 31.03.04 |
Deferred Tax Assets
| On Long Term Capital Loss of Prev.Years | 233   | 160347 |
| --------------------------------------- | ----- | ------ |
| Measured @ 20.91% (20.50%)              | 33761 | 32871  |
Deferred Tax Liability
Difference between Book Value of
depreciable assets and WDV for Tax
| purposes.                     | (2914) | 38562  |
| ----------------------------- | ------ | ------ |
| Measured @ 36.60% (35.87%)    | 11200  | 13832  |
| Net Deferred Tax Liabilities. | 22561  | 190391 |
6.  Refated Party Transaction (AS-18)
a)  List of Related Parties and Relationships.
The following is the information on transactions with the related parties:
Name  Relationship
Key Management Personnel:-  Kawaljit S. Chawla  Whole Time Director
Ramnath Choudhary  Whole Time Director
Vasudev R.Yadav  Whole Time Director
b) Relatives of Key Management Personnel >
Relationship
Name
| Jeet Machines Tools Ltd | Father of Director is director in |     |
| ----------------------- | --------------------------------- | --- |
the said Company
c)  Refated Party Transactions : Relatives of Key Management
Personnel
Interest  Paid Rs. 702/-
9.  There are no amounts due to any enterprise which is small scale and ancillary
undertaking, for more than 30 days
10 Previous year figures are regrouped or rearranged wherever necessary

11.  BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL  BUSINESS PROFILE
I  REGISTRATION DETAILS
| Registration No    |     |     | 33328      |     |
| ------------------ | --- | --- | ---------- | --- |
| State Code         | No  |     | 11         |     |
| Balance Sheet Date |     |     | 31.03.2005 |     |
II CAPITAL RAISED DURING THE YEAR
| Public Issue       |                  |     | :  Nil          |           |
| ------------------ | ---------------- | --- | --------------- | --------- |
| Riujrt             | Issue            |     | •.  Nil         |           |
| Bonus Issue        |                  |     | :  Nil          |           |
| Private Placement  |                  |     | :  Nil          |           |
| HI POSITION        | OF MOBILIZATION  |     | AND DEPLOYMENT  | OF  FUNDS |
(Amounts in Rupees Thousands )
|     | Total Liabilities  |     | .  5046 |     |
| --- | ------------------ | --- | ------- | --- |
|     | Total Assets       |     | :  5046 |     |
SOURCE OF FUND
|     | Paid up Capital   |     | :  2450 |     |
| --- | ----------------- | --- | ------- | --- |
|     | Reserve & Surplus |     | 2585    |     |
|     | Secured Loan      |     | Nil     |     |
|     | Unsecured Loan    |     | 11      |     |
APPLICATION OF FUNDS
|     | Net Fixed Assets    |        | :  32   |     |
| --- | ------------------- | ------ | ------- | --- |
|     | Investments         |        | :  802  |     |
|     | NeV Current Assets  |        | .  4189 |     |
|     | Misc. Expenditure   |        | :  Nil  |     |
|     | Accumulated         | Losses | :  Nil  |     |
|     | Deterred Tax Assets |        | :  23   |     |
IV  PERFORMANCE OF THE COMPANY(Anw>unts in Rupees Thousands)
| Turnover                   |     |     | :  348  |     |
| -------------------------- | --- | --- | ------- | --- |
| Total Expenditure          |     |     | :  137  |     |
| Profit Before Tax          |     |     | ;  211  |     |
| Profit After Tax           |     |     | :  169  |     |
| Earning Per Shares (In Rs) |     |     | :  0.55 |     |
| Dividend                   |     |     | :  Nil  |     |

V. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS / SERVICES OF COMPANY
(As per monetary term)
Item Code No. (ITC CODE ) : NA
Product Description : Finance & Investment.
As per report of even date
FOR J.S. BHATIA & CO. For and on behvAf of th« Board.
CHARTERED ACCOUNTANT.
KAWALJIT SINGH CHAWLA
J.S. BHATrA VASUDEVR. VADAV
PROPRIETOR
DIRECTORS.
Place : Mumbai Place : Mumbai
Date : 25* August 2005 Date : 25* August 2005

FRONTIER LEASING & FINANCE LTD.
CASHFLOW STATEMENT FOR THE YEAR ENDED MARCH 31.2008
Amount m Rupees
|     | 31/03/2005  | 31/03/2004 |
| --- | ----------- | ---------- |
I  CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Tax & Extraordinary items 211.157.00  154.506.00
Add / (Less): Adjustments for
| Dividend income                      | (20000)      | (200.00)    |
| ------------------------------------ | ------------ | ----------- |
| Depreciation                         | 9,096.00     | 13,497.00   |
| ( Profit y loss on fixed Assets sold | 0.00         | (28,771.00) |
|                                      | (132.436.00) | 0.00        |
(Profit) /-Loss on Sale of Investment
| Demat & Brokerage charges | 652.00 | 0.00 |
| ------------------------- | ------ | ---- |
Increase / (Decrease) in Trade & Other Payable (3,869.00) 10,190.00
| Direct taxes paid | (44.676.00) | (62.971.00) |
| ----------------- | ----------- | ----------- |
(Increase)/ Decrease in Trade & Other Receivable (643,302.00) (90.602.00)
CASH FLOW FROM OPERATING ACTIVITIES -1 (603.578.00) (4.351.00)
II  CASH FLOW FROM INVESTING ACTIVITIES
| (Purchase) / sate of Fixed Assets | 0.00 | 41,525.00 |
| --------------------------------- | ---- | --------- |
(Purchase V Sale of Investments (Net of Pur.&Saies) (19,825.00) 0.00
|     | 523.811.00 | 0.00 |
| --- | ---------- | ---- |
(Increase)/ Decrease in Loans & Advances
| Profit on Sale of Investments          | 132,436.00 | 0.00      |
| -------------------------------------- | ---------- | --------- |
| Dividend received                      | 200.00     | 200.00    |
| NET CASH FROM INVESTING ACTIVITIES - R | 636,622.00 | 41.725.00 |
III  CASH FLOW FROM FINANCING ACTIVITIES
| Demat & Brokerage charges              | (652.00) | 0.00        |
| -------------------------------------- | -------- | ----------- |
| Proceeds / (Repayment) from borrowings | 702.00   | (32,044.00) |
|                                        | 50.00    | (32,044.00) |
NET CASH FROM FINANCING ACTIVITIES •  •
| NET INCREASE/(DECREASE) IN CASH ( | 33,094.00 | 5,330.00 |
| --------------------------------- | --------- | -------- |
OPENING BALANCE OF CASH & CASH EQUIVALENT 17,997.00 12,667 00
CLOSING BALANCE OF CASH & CASH EQUIVALENT 51.091.00 17,997.00
Notes 1) Cash and cash equivatents consists of cash on hand and balances with bank
2) Figures in brackets represents outflow of cash
3) Figures for the last year have been regrouped, wherever considered necessary
Per our report of even date
FOR J. S. BHATIA & CO. For and on behalf of the board
Chartered accountants
J. S. BHATIA KAWAUIT SINGH CHAWLA
PROPRIETOR
PLACE  :  MUMBAI
DATED : 25.08.2005

| T          | Q  R H    | A T fA  Jte  | fV"fc  |     | 14A15, Ashoka Centre,          |
| ---------- | --------- | ------------ | ------ | --- | ------------------------------ |
| J.  b.     | BHATIA &  |              | CO.    |     | 2nd Floor, LotonanyaTllakMaiB, |
| CHARTERED  |           | ACCOUNTANTS  |        |     | Mumbal-400001.                 |
Tel.: Office: 2267 5066 / 2267 5067
Fax: 2269 2994
Rest.: 2620 2207 / 2620 3849
E-mail: jaipalsb6)bom3.vsnl.net.in
AUDITOR'S  CERTIFICATE
To,
The Board of Directors,
Frontier Leasing & Finance Limited.
We have  examined  the  attached  Cash  Flow  Statement  of  Frontier  Leasing &
Finance  Limited  for the year ended  31st March  2005.  The Statement has been
prepared by the Company  in accordance with the requirements  of clause 32 of
the  listing  agreement  with  various  Stock  Exchanges  and  is  based  on  and  in
agreement with the corresponding Profit & Loss Account and Balance Sheet of
the  Company  covered  by  our  report  of  even  date  to  the  members  of  the
Company.
For J. S. BHATIA & CO.,
|     |                 |                |     | CHARTERED  | AC CO UNTANTS |
| --- | --------------- | -------------- | --- | ---------- | ------------- |
|     | PLACE : MUMBAI  |                |     |            | J. S. BHATIA  |
|     | DATE            | : T-^/dZ/xooS  |     | -          | (PROPRIETOR)  |

FRONTIER LEASING & FINANCE LIMITED.
Registered Office : C/o. Victory Printing Press, Jyoti Studio
Compound, KB.A Irani Bridge,
Mumbai - 400 007.
PLEASE COMPLETE THE ATTENDANCE SLIP AND HAND IT
OVER AT THE ENTRANCE OF THE MEETING HALL.
1. Name of the Shareholder.
(In Block Letters)
2. Ledger Folio Number.
3. Name of the Proxy (In Block Letter) ,
(To be filled in only if the proxy attends instead of member)
4. No. of Shares held.
1 hereby record my presence at 21st Annual General Meeting of
the Company to be held on Thursday, 29th September 2005 at
C/o. Victory Printing Press, Jyoti Studio Compound, K.B» A Irani Bridge,
Mumbai - 400 007 at 3.00 p.m.
Signature of the Shareholder /Proxy
NOTES :
1. Shareholders/Proxy holders are requested to bring the attendance slip
with them when they come to the meeting. No attendance slip will be
issued at the time of meeting.
2. Shareholders who come to attend the meeting are requested to
bring their copies of Annual Report with them, as spare copies wQl
not available in the meeting.

FRONTIER LEASING & FINANCE LIMITED.
PROXY FORM
I/We
of being the Member/Members
of the named company hereby appoint
of or tailing
him
of or failmg
him
as / my proxy to vote for me / us on behalf at the 21 st Annual General Meeting of
the Company to beheld at3.00 p.m. on Thursday, 29th September 2005 and at
any adjournment thereof.
Ledger Folio No
No. of Shares held
: Affix :
: Revenue
: Stamp
Signature
Date
NOTES :
(a) The form should be signed across the stamp as per specimen signature
registered with the Company.
(b) The Companies Act, 1956 fays down that the instrument appointing a,
proxy shaft be deposited at the Registered Office of the Company
not less than FOURTY EIGHT HOURS before the time fixed for
holding the meeting.
(c) A Proxy need not be a Member.