Sree Anasuya Benefit Fund Limited: Eleventh Annual Report and Statement of Accounts For The Year 2002-2003

SREE ANASUYA BENEFIT
FUND LIMITED
ELEVENTH ANNUAL REPORT AND

STATEMENT OF ACCOUNTS
FOR THE YEAR
2002-2003
Registered Office:
‘SRI SAI SUBHODAYA’ FLAT NO: G, GROUND FLOOR,
66, (OLD NO: 57/2B) EAST COAST ROAD,
THIRUVANMIYUR,
CHENNAI – 600041.
PHONE: 24481551
SREE ANASUYA BENEFIT FUND LIMITED 1
BOARD OF DIRECTORS:
Director – President
Sri. A.ARULMOZHI SHIVAM, M.Com., P.G.D.M.,
Director – Vice-President
Sri. A.GOBALAKRISHNAN
Director – Treasurer
Sri. T.NATARAJAN
Director – Auditor
Sri. R.RAMMOHAN
Other Directors
Sri. P.A.NAMASIVAYAM, B.Sc.,
Sri. Dr. A.G.KARTHIKEYAN, M.B.B.S., M.D.(Paed).,
Sri. Er. A.G.VIJAY ANAND, B.E.,
AUDITORS:
Messrs. RAGHU & MURALI
CHRTERED ACCOUNTANTS
Chennai - 600018.
LEGAL ADVISOR:
Sri. S.UMAPATHY, M.A., B.L.,
Chennai – 600018.
BANKERS:
BANK OF MAHARASHTRA
Valmiki Nagar Branch, Thiruvanmiyur, Chennai – 600041.
CHENNAI CENTRAL CO-OPERATIVE BANK LTD.,

Thiruvanmiyur, Chennai – 600041.
STATE BANK OF MYSORE

Thiruvanmiyur, Chenni - 600041.
WORKING HOURS:
Week Days : 9.00 A.M. to 1.00 P.M. and 2.30 P.M. to 5.30 P.M.
Sunday : 9.00 A.M. to 1.00 P.M
WEEKLY HOLIDAY: TUESDAY
2 SREE ANASUYA BENEFIT FUND LIMITED
NOTICE TO SHAREHOLDERS :
Notice is hereby given that the ELEVENTH Annual General Meeting of the
Shareholders of the fund will be held on 29th September 2003 Monday at 4.35 p.m.
at the Registered office of the Fund: ‘SRI SAI SUBHODAYA’ FLAT NO: G, Ground
Floor, 66, (Old No:57/2B) East Coast Road, Thiruvanmiyur, Chennai – 600041 to
transact the following business:
AGENDA :
1. To receive, consider and adopt the Balance Sheet as on 31st March 2003
and the Profit and Loss Account for the period ended 31st March 2003 and
the report of the Board of Directors’ and Auditors’ Report, notes thereon.
2. To appoint a Director in the place of Sri. A.ARULMOZHI SHIVAM, who
retires by rotation and being eligible, offer himself for reappointment.
3. To appoint a Director in the place of Sri. T.NATARAJAN, who retires by
rotation and being eligible, offer himself for reappointment.
4. To appoint an Auditors to hold office from the conclusion of this Annual
General Meeting till the conclusion of the next Annual General Meeting and
to fix their remuneration.
SPECIAL BUSINESS
5. To consider and if thought fit to pass with or without modification/

amendment of the following to the Memorandum & Association of the
company to read as follows:
Existing Proposed
CLAUSE V CLAUSE V
The Nominal share capital of the company The Nominal share capital of the
shall be Rs.50,00,000/- (Fifty lakhs only) company shall be Rs.1,00,00,000/-
divided into (i) 49,75,000/- Equity shares (One crore only) divided into (i)
of Re.1/- (Rupee one only) each which is 99,75,0000/- Equity shares of Re.1/-
called ‘A’ Class share and (ii) 25,000 5% (Rupee one only)each which is called
Non-Cumulative Redeemable Preference ‘A’ Class share and (ii) 25,000 5% Non
Shares of Re.1/- (Rupee one only) each -Cumulative Redeemable Preference
which is called ‘B’ Class share shares of Re.1/- (Rupee one only)
each which is called ‘B’ Class share
Existing Proposed
Article Of Association Article of Association
Article No: 7 Article No: 7

ANNEXURE TO NOTICE
Explanatory statement to Section 173 of the Companies Act 1956.

Item No.5 This amendment requires the sanction of General Body, the proposed
Special Resolution as set out in the Notice is placed before the shareholders for
their approval. None of the Directors of the company is deemed to be interested in
the above Resolution.
NOTES :
1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to
attend and vote instead of himself and a proxy need not be a member of the fund. If it is
desired to use a proxy, the instrument appointing the proxy should be completed in
accordance with Section 176 of the Companies Act, 1956 and delivered at the
registered office of the company at least 48 hours before the time fixed for the meeting.
2. Persons entitled to attend the meeting are requested to bring their respective share
certificates for easy identification.
3. Members are requested to intimate fund’s office any change in their door numbers and
addresses, with Pin code numbers.
4. Members are requested to bring their copy of their Annual Report along with them for
the meeting, since it is not possible to distribute additional copies at the meeting in view
of the heavy cost of printing.
5. Shareholders intending to ask for information at the Annual General meeting regarding
Balance Sheet or Profit and Loss Account or Directors’ Report are requested to give
notice of the particulars of information required, to the President or the Vice-President at
least seven days before the date of the Annual General Meeting.
By order of the Board

CHENNAI – 600041 Sd………….
21st August 2003 A.ARULMOZHI SHIVAM
DIRECTORS’ REPORT
To
The Members:
The Directors of your company are presenting the Eleventh Annual Report
together with Audited Accounts of the company for the period ended 31st March
2003.
DEPOSITS AND LOANS :

The total Fixed Deposits, Cumulative Deposits, Recurring Deposits and Savings
Deposits as at 31st March 2003 amounted to Rs.98.81 lakhs as against
Rs.256.51 lakhs in the previous year.
The total loans on Jewel loans, Mortgage loans on immovable properties, Fixed
Deposits loans and advances outstanding as at 31st March 2003 amounted to
Rs.65.51 lakhs as against Rs.112.62 lakhs in the previous year.
RESULTS
The Directors are sorry to state that the business of the company during the year
under report is very bad. The working of the company for the year under report is
as under:
FINANCIAL RESULTS: 2002-2003(Rs.) 2001-2002(Rs.)

The result of the company’s working before
providing for depreciation shows a loss (54,02,776) (22,60,527)
Less: Depreciation 18,828 53,589
______________________________________________________________________
(53,83,948) (23,14,116)
Add: Previous year loss (35,57,799) (12,43,683)
Add: Excess provision of Income Tax 47,579 Nil
_________________________________________
Net loss carried to Balance Sheet (88,94,168) (35,57,799)

_________________________________________
PERFORMANCE OF THE FUND

The performance of the company during the year under review was adversely
affected by the loss from mutual fund investments. To avoid the total loss on the
mutual fund investment amount the Directors had taken bold decision to withdraw
the investment and book loss. Like in the last year the deployment of funds in the
core business – Loans on Jewels and House Mortgage were continued to be
sluggish in this year also.
INSPECTION AND REPORTS

The commissioners appointed for the scrutiny of jewels, documents and other
securities duly carried out their work and their reports express satisfaction.
DIRECTORS:
Sri. A.ARULMOZHI SHIVAM and Sri. T.NATARAJAN Directors of your company
retire by rotation at the ensuing Annual General Meeting pursuant to the
provisions of Article 96 of the Articles of Association of the company and being
eligible, offer themselves for reappointment.
DIRECTORS’ RESPOSIBILITY STATEMENT

In accordance with Section 217(2AA) of the Companies Act, 1956 the Directors of
the company hereby state that:
(i) In the preparation of Annual Accounts, the applicable accounting
standards have been followed along with proper explanation
relating to material departures.
(ii) The Directors had selected such accounting policies and prudent so
as to give a true and fair view of the state of affairs of the company
at the end of the financial year and of the profit or loss of the
company for that period.
(iii) The Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
the provisions of the assts of the company and for preventing and
detecting fraud and other irregularities.
(iv) The Directors had prepared the annual accounts on a going
concern basis.
AUDITORS
The Statutory Auditors, M/s RAGHU & MURALI, Chartered Accountants retire at
the conclusion of the Eleventh Annual General Meeting are eligible for the current
financial year. Your Board recommends their reappointment.
SECRETARIAL COMPLIANCE REPORT

In accordance with provisions of Section 383 A (1) of the Companies
(Amendment) Act, 2000 Secretarial compliance report from Mr. B.Ravi a practicing
Company Secretary is set out in the Annexure forming part of the report.
ADDENDUM TO THE AUDITOR’S REPORT AND SECRETARIAL COMPLIANCE

REPORT
The Directors wish to draw your attention to note No: 6(h) of Auditors Report and
to note No: 24 of Secretarial Compliance Report for their comments. The company
was incorporated with the main object to enable its members to save money, to
invest their savings to secured loans at favourable rates of interest on sound
security. The company deals only with its members and its business is restricted
to receiving deposits from them and lending money to members on proper
securities. An all out efforts have been taken to secure recognition as a Mutual
Benefit Society under Section 620A of the Companies Act, 1956. The provisions
of the Reserve Bank of India would not apply to your company as it had already
been prescribed regulations for Mutual Benefit Companies, which were yet to be
notified as Nidhis by Department of Company Affairs, Government of India vide
RBI press release dated 13.04.1999. Your Directors hereby further confirm that
your company has been strictly complying the notifications issued from time to
time for Nidhi or Mutual Benefit Society by Department of Company Affairs,
Government of India.
EMPLOYEES
The information required under the provisions of Section 217(2) of the Companies
Act, 1956 read with the Companies (Particulars of employees) Rules, 1975 as
amended is not furnished since no employee employed throughout/part of the
year, was in respect for remuneration of Rs.24,00,000/- or more per annum or
Rs.2,00,000/- or more per month, as the case may be.
CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The provisions of Section 217(1)(e) of the Companies Act, 1956 are not applicable
to your company. Foreign Exchange (Earnings & Outgo: Total Foreign Exchange
used and earned). There has been no earnings or outgo of foreign exchange
during the year.
ACKNOWLEDGEMENT
The Board of Directors express their sincere appreciation to all the Shareholders,
Banks, Customers, Employees and Well Wishers of the company for their
excellent co-operation and support extended to the company and look forward to
their continued patronage in the years to come.
For and on behalf of the Board

CHENNAI – 600041 Sd……
21st August, 2003 A.ARULMOZHI SHIVAM
COMPLIANCE CERTIFICATE
TO
The Members of
SREE ANASUYA BENEFIT FUND LIMITED
Chennai – 600041
I have examined the registers, records, books and papers of SREE ANASUYA BENEFIT FUND
LIMITED (hereinafter referred to as ‘Company’) having its Registered office at ‘Sri Sai
Subhodaya’, Flat No.G, New No. 66(Old No.57/2B), East Coast Road, Thiruvanmiyur, Chennai
– 600041 as required to be maintained under the Companies Act, 1956, (hereinafter referred to
as ‘Act’) and the rules made thereunder and also the provisions contained in the Memorandum
and Articles of Association of the Company for the financial year ended on 31st March, 2003. In
my opinion and to the best of my information and according to the examinations carried out by
me and explanations furnished to me by the company, its officers, I certify that in respect of the
aforesaid financial year:
1. The company has kept and maintained all registers as stated in Annexure ‘A’ to this
certificate, as per the provisions and the rules made there under and all entries therein
have been duly recorded.
2. The company has duly filed the forms and returns as stated in Annexure ’B’ to this
certificate, with the Registrar of Companies except one Form 5 with respect to
redemption of 45, 5% non-cumulative redeemable preference shares of Re1/- each
filed with Additional fee, within the time prescribed under the Act and the rules made
there under.
3. The company is public limited company and has the minimum prescribed paid up
capital.
4. The Board of Directors duly met ELEVEN times on 27.04.2002, 27.05.2002,
14.06.2002, 29.06.2002, 27.07.2002, 21.08.2002, 14.09.2002, 18.10.2002,
12.11.2002, 25.12.2002 and 26.03.2003 in respect of which meetings, proper notices
were given and the proceedings were properly recorded and signed in the Minutes
Book maintained for the purpose.
5. The company has closed its Register of Members during the year under report.
6. The Annual general meeting for the financial year ended 31st March 2002 was held on
27th September 2002 after giving due notice to the members of the company and the
resolutions passed there at were duly recorded in Minutes Book maintained for the
purpose.
7. The company had no extra ordinary meetings during the financial year.
8. The company had no transactions attracting Section 295 of the Act, during the year
under report.
9. The company had no transactions attracting the provisions of Section 297 of the Act,
during the year under report.
10. The company had no transactions requiring entries in the register maintained under
Section 301 of the Act.
11. The company had no instances during the year under report necessitating approvals
under Section 314 of the Act.
12. The company has not issued any duplicate certificates during the year under report.
13. The company had not declared any dividend during the year ended 31.3.2002 and
therefore the question of unpaid or unclaimed dividends and the transferring to unpaid
dividend account does not arise.
14. The company has duly complied with the requirements of Section 217 of the Act.
15. During the year under report the Company had made allotments of equity shares as
detailed below and also redeemed preference shares as detailed below. Necessary
forms have been filed with the Registrar of Companies within the stipulated time and
entries were made in the Register maintained for the said purpose and also certificates
despatched as prescribed under the Companies Act, 1956. The company had no
transfer of shares during the year under report.
ALLOTMENT OF EQIUTY SHARES OF Re. 1/- EACH MADE DURING THE YEAR
UNDER REPORT.
Sl.No. Date of Allotment No.of Allotees No. of Shares Allotted Date of filing
Form 2
1. 21.08.2002 21 1380 06.09.2002
2. 26.03.2002 3 120 * 22.04.2003
* The above marked Form 2 filed subsequent to the year under scrutiny
REDEMPTION OF 5% NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES
OF RE.1/- EACH MADE DURING THE YEAR UNDER REPORT:
Sl.No. Date of Board’s Date of Redemption No. of Preference Date of filing
Approval for shares Redeemed Form 5
1. 27.07.2002 06.08.2002 45 06.09.2002

with addl. Filing fee
2. 25.12.2002 25.12.2002 61 14.01.2003
16. The Board of Directors of the company is duly constituted and the appointment of
Directors and resignation of Directors during the year under report as detailed below
were properly recorded in the minutes and relevant forms were filed with the Registrar
of companies and entries made in the Register maintained for that purpose.
RESIGNATION AND APPOINTMENT OF DIRECTORS APPROVED BY THE BOARD
ON 21.08.2002
RESIGNATION
SL.NO. NAME OF THE DIRECTORS DATE OF FILING FORM 32
1. Mrs. A. Mythili 06.09.2002
2. Mrs. G. Rajamani 06.09.2002
3. Mrs. N. Gowri 06.09.2002
4. Mrs. R. Bhuvaneswari 06.09.2002
APPOINTMENT
SL.NO. NAME OF THE DIRECTORS DATE OF FILING FORM 32 & 29
1. Mr. A. Arulmozhi Shivam 06.09.2002
2. Mr. A. Gobalakrishnan 06.09.2002
3. Mr. R. Rammohan 06.09.2002
4. Mr. T. Natarajan 06.09.2002
17. The company has no Managing Director/ Whole time Director/ Manager. The company
has a President, Vice- President, Director-Treasurer and Director- Auditor, besides
other directors on the Board. The Office bearers are also directors of the Company and
None of them are in receipt of remuneration from the company.
18. The company has no sole-selling agents

19. The company was not required to obtain any approvals of the Central Government,
Company Law Board, Regional Director or Registrar of Companies and or such
authorities prescribed under the provisions of the Act.
20. The Directors have disclosed their interest in other firms / companies to the Board of
Directors pursuant to the provisions of the Act and the rules made therunder.
21. The company has issued shares during the financial year under report in respect of
allotment of shares made during the year under report as detailed under point no. 15
supra.
22. The company has not bought back any shares during the financial year ended 31st
March 2003 and hence the question of complying with the buy back provisions does not
arise.
23. The company has not issued any debentures during the year under report.
24. The company has accepted deposits from its shareholders pending receipt of
recognition as per Sec.620A of the Act. The provisions of Companies Acceptance of
Deposits Rules, 1975 and the directives of Reserve Bank of India regarding acceptance
of deposits have not been complied with.
25. The amount borrowed by the Company during the financial year ended 31st March,
2002 is within the borrowing limits of the company.
26. The Company has not made any loans and investments, or given guarantees or
provided securities to other bodies corporate.
27. The company has not shifted its registered office and hence there is no alteration in the
situation clause of the Memorandum of Association.
28. The company has not altered the provisions of the Memorandum with respect to the
objects of the company during the year under scrutiny.
29. The company has not altered the provisions of the Memorandum with respect to name
of the company during the year under scrutiny.
30. The company has not altered the provisions of the Memorandum with respect to share
capital of the company during the year under scrutiny.
31. The company has not altered any of its articles of Articles of Association.
32. No prosecution has been against or the company for offences under the Act has
received no show cause notices.
33. The company has not received any amount as security from its employees during the
year under certification.
34. The provisions of the Employees Provident fund (miscellaneous provisions) Act, 1952
are not applicable to the company.
Place : Chennai Signature : Sd………….

Date : 21.08.2003 Name of the Company Secretary : B.Ravi
C.P.NO : 3318
Annexure A
Register as maintained by the company
1. Register of Members u/s 150
2. Register of Directors u/s 303
3. Register of Directors’ shareholding u/s 307
4. Register of contracts in which directors are interested u/s 301
5. Register of Board Minutes u/s 193
6. Register of General Meeting Minutes u/s 193
7. Register of Share Transfers
8. Attendance Register for Board / General Meetings.
Annexure B
Forms and Returns as filed by the Company with the Registrar of Companies, Regional
Director, Central Government or other authorities during the financial year ended 31.03.2003.
1. Form No. 5 filed U/s 95 of Redemption of 45 Preference Shares with additional filing fee
on 06.09.2002.
2. Form No. 5 filed U/s 95 of Redemption of 61 Preference Shares on 14.01.2003.
3. Form No.2 filed U/s 75 for Allotment of 1380 Equity Shares on 06.09.2003.
4. Form No.2 filed U/s 75 for Allotment of 120 Equity Shares on 22.04.2003. The above
Form 2 filed subsequent to the year under scrutiny.
5. Compliance Certificate filed u/s 383A(1) for the financial year ended on 31.03.2003, on
24.10.2002.
6. Form No.32 filed U/s 303 for resignation and appointment of directors on 06.09.2002.
7. Form No.29 filed U/s 264 Mr.A.Gobalakrishnan giving his consent to act as director of
the company on 06.09.2002.
8. Form No.29 filed U/s 264 Mr.A.Arulmozhi Shivam giving his consent to act as director of
9. Form No.29 filed U/s 264 Mr.T.Natarajan giving his consent to act as director of the
company on 06.09.2002.
10. Form No.29 filed U/s 264 Mr.R.Rammohan giving his consent to act as director of the
11. Schedule VI – Balance Sheet for the Year ended 31.03.2002 together with annexure and
attachments duly adopted by the members at the Annual General Meeting held on 27th
September 2002, filed on 24.10.2002.
Schedule V – Annual Return made up to 27th September 2002, filed on 25.11.2002.
AUDITORS’ REPORT
TO
THE MEMBERS
M/s. SREE ANASUYA BENEFIT FUND LIMITED
We have audited the Balance Sheet of SREE ANASUYA BENEFIT FUND LIMITED, Chennai –
600041 as at 31st March 2003 and also the Profit and Loss account 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 based in
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 statement and free of material misstatements. An audit includes
assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statements presentation. We believe that our audit
provides a reasonable basis for our opinion and report that:
1. We have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purpose of Audit.
2. In our opinion, the company has kept proper books of accounts as required by Law so
far as it appears from our examination of these books.
3. In our opinion, the Profit and Loss Account and Balance Sheet comply with accounting
standards referred to in Sub-Section (3c) of Section 211 of the Companies Act, 1956.
4. According to the information and explanations given to us and on the basis of written
representation from the directors of the company, taken on record by the Board of
Directors, in relation to the affairs of the company, none of the directors are disqualified
from being appointed as director as on 31st March, 2003 under Section 274(1)(g) of the
Companies Act, 1956.
5. The Balance sheet dealt with by the report are in agreement with the books of account
and We further report that in our opinion and to the best of our information and
according to the explanations given to us, that said account subject to and read with the
notes thereon give the information required by Companies Act, 1956, in the manner so
required to and give a true and fair view:
a) In the case of Balance Sheet, of the state of the company’s affairs as at 31st
March 2003.
b) In the case of the Profit and Loss Account of the Loss for the year ended 31st
March 2003.
6. As required by the Manufacturing and other Companies [Auditors Report] Orders, 1988
and on the basis of such checks of the books and records of the company as we
considered appropriate and the information and explanations given to us, We state that:
a) The Company has maintained proper records of its fixed assets, during the year
under review. The management has physically verified the fixed assets
periodically in a phased manner at reasonable intervals and no material
discrepancies have been on such verification.
b) None of the fixed assets have been revalued during the year.
c) The company does not have any stock during the year under review and hence,
question of commenting on the same does not arise.
d) The company has not taken any loans from companies; firms or other parties
listed in the register, maintained under Section 301 of the Companies Act, 1956.
According to the information and explanations given to us, there are no
companies under the same management as defined in Section 370(1B) of the
e) The company has not given any loans or advances to any companies, firms or
other parties listed in the register, maintained under Section 301 of the
Companies Act, 1956. According to the information and explanations given to us,
there are no companies under the same management as defined in Section 370B
of the Companies Act, 1956.
f) The company has granted loans during the year under review and the company
has taken reasonable steps for the recovery of principle and interest wherever
necessary in respect of loans given by the company.
g) In our opinion and according to the information and explanations given to us,
there are adequate internal control procedures commensurate with the size of the
company and nature of its business.
h) The company has accepted deposits from its shareholders pending obtention of
recognition as per Section 620A of Companies Act, 1956. The provisions of
Companies Acceptance of Deposits Rules 1975 and the Reserve Bank of India’s
directives regarding acceptance of deposits have not been complied with.
i) Since the paid up capital of the company does not exceed Rs.25 Lakhs and
average annual turnover is less than Rs.2 Crores the question of commenting on
internal audit system does not arise.
j) According to the information and explanation given to us, no disputed amounts
payable in respect of Income Tax, Wealth Tax, Customs and Excise Duties
outstanding as on 31st March 2003 for a period of more than six months from the
day they became payable.
k) According to the information and explanations given to us, no personal expenses
of employees or directors have been charged to revenue account.
l) The company is not Sick Industrial Unit under the provisions of Section 3(1) (o) of
the Sick Industries Companies (Special Provisions) Act, 1985.
m) The provisions of any special statutes applicable to chit Funds, Nidhi’s do not
apply to the company.
n) The company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures and other similar securities.
o) The company is not dealing or trading in shares, securities, etc.
p) Considering the nature of activities carried on by the company the provisions of
(iii), (iv), (xi), (xii), (xiii), (xiv), (xvi) and (xx) of Para 4(a) of the Manufacturing and
other Companies (Auditor’s Report) Order 1988 do not apply to this Company.
for RAGHU & MURALI

CHARTERED ACCOUNTANTS
Sd………
Place : Chennai
Date ; 21st August, 2003 (D.V.MURALIDHARAN)
Partner
BALANCE SHEET AS ON 31.03.2003 AS ON AS ON

SOURCES OF FUNDS SCHD 31.03.2003 31.03.2002
1) Shareholder’s Funds:
(a) Capital A 47,03,651 24,02,256
(b) Reserves & Surplus B 9,21,889 9,21,889
2) Loan Funds:
(a) Secured 2,21,326 --------
(b) Unsecured C 98,81,567 2,56,51,039
----------------- -----------------
TOTAL 1,57,28,433 2,89,75,184
------------------ -----------------
APPLICATION OF FUNDS
1) Fixed Assets:
(a) Gross Block D 1,94,788 15,85,788
(b) Less:Depreciation to date 89,354 1,74.298
-------------- ---------------
(c) Net Block 1,05,434 14,11,490
2) Current Assets, Loans & Advances:
(a) Current Assets E 23,22,849 1,54,95,754
(b) Loans & Advances F 63,95,940 1,12,62,452
------------------ -----------------
87,18,789 2,67,58,206
3) Less Current Liabilities & Provisions:

(a) Current Liabilities G 19,89,958 20,71,968
(b) Provisions H 0 6,80,334
----------------- ----------------
19,89,958 27,52,311
4) Net Current Assets 67,28,831 2,40,05,895
5) Miscellaneous Expenditure:
(to the extent not written off
Preliminary expenses) --------- --------
6) Profit and Loss account 88,94,168 35,57,799
----------------- ------------------
TOTAL 1,57,28,433 2,89,75,184
------------------ -------------------
A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed
Director – President Director – Vice President for RAGHU & MURALI
Chartered Accountants
R. Rammohan T.Natarajan D.V. Muralidharan
Director – Auditor Director – Treasurer Partner
Place : Chennai
Date : 21st August 2003
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2003
SCHD 2002 – 2003 2001 – 2002
INCOME
Interest on Loan J 21,84,791 29,64,575
Other income K 93,556 1,21,516
Profit on Sale of Building 88,092 -------
---------------- ---------------
TOTAL 23,66,439 30,86,091
------------------ ----------------
EXPENDITURE
Salary 76,221 83,845
Administration Expenses 1,23,000 1,69,450
Printing and Stationery 2,330 5,512
Postage and Telephones 4,637 4,223
Repairs and Maintenance 5,002 10,852
Staff Welfare 17,906 7,760
Bank Charges 868 1,801
Electricity charges 3,115 3,135
Traveling & Conveyance 16,031 32,336
Auction Charges 1,281 ------
Meeting Expenses 8,101 5,447
Sitting fees 1,20,750 2,64,000
Business Promotion Expenses ----- 16,000
Audit fees 5,250 5,000
Miscellaneous Expenses 10,119 18,441
Rates and Taxes 2,793 11,172
Legal fees 3,000 45,000
Interest on Bank Loans 12,762 5,116
Interest on Deposits I 33,19,600 46,52,278
Depreciation D 18,828 53,589
Loss on Investment in Mutual Fund 39,93,543 -------
Compliance Certificate Fees 5,250 5,250
--------------- ---------------
TOTAL 77,50,387 54,00,207
---------------- ---------------

Place : Chennai
PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH 2003
APPROPRIATIONS 2002 – 2003 2001 – 20002
Net Loss for the year (53,83,948) (23,14,116)

Balance brought from Balance sheet (35,57,799) (12,43,683)
------------------ -----------------
(89,41,747) (35,57,799)
----------------- ------------------
Excess provision for Income Tax 47,579 -------

Balance carried to Balance Sheet (88,94,168) (35,57,799)
----------------- -----------------
(89,41,747) (35,57,799)
----------------- ------------------


Place : Chennai
SCHEDULES to Balance sheet
As at As at
31.03.2003 31.03.2002
SCHEDULE A Amount Rs. Amount Rs.
SHARE CAPITAL
Authorised:
49,75,000 Equity Shares of Re.1/- each 49,75,000 49,75,000
25,000 – 5% Non cumulative Redeemable
Preference Shares of Re.1/- each 25,000 25,000
______________ ______________
50,00,000 50,00,000
Issued and Paid up:
2151 – 5% Non cumulative Redeemable
Application Money for Equity Share Capital 23,00,000 ---------
_____________ _____________
47,03,651 24,02,256

As at As at
31.03.2003 31.03.2002
SCHEDULE B Amount(Rs.) Amount(Rs.)
RESERVES AND SURPLUS
Reserve Fund 5,67,390 5,67,390
Reserve to Bad Debts 2,83,607 2,83,607
Charity Reserve 70,892 70,892
____________ ____________
9,21,889 9,21,889
SCHEDULE C
LOAN FUNDS (UNSECURED)
Fixed Deposit 52,63,800 1,91,37,400
Cumulative Deposit 32,47,001 44,53,301
Recurring Deposit 12,51,276 16,47,050
Savings Deposit 1,19,490 4,13,288
__________________ ________________
98,81,567 2,56,51,039
Contribution from Directors and their Relatives
Fixed Deposit 8,48,000 10,20,000
Recurring Deposit 14,900 18,000
Savings Deposit 71,200 2,78,000
_____________ ____________
15,57,600 17,91,000
SCHEDULE D
Fixed Asset – Depreciation
Gross Block Depreciation Net Block
Particulars As on As on Up to For the Up to As on As on
31.3.2002 31.3.2003 31.3.02 Year 02/03 31.3.03 31.3.2002 31.3.2003
Buildings 13,91,000 Nil 1,03,772 Nil Nil 12,87,228 Nil

Furniture&fit. 1,01,147 1,01,147 21,385 6,408 27,793 79,762 73,354
Computers 67,000 67,000 43,935 10,860 54,795 23,065 12,205
Office Equip. 14,007 14,007 2,038 660 2,698 11,969 11,309
Electrical Fitti. 12,634 12,634 3,168 900 4,068 9,466 8,566
Total 15,85,788 1,94,788 1,74,298 18,828 89,354 14,11,490 1,05,434
SCHEDULE E
CURRENT ASSETS
Interest Accrued and Due on Loans
Jewel Loan 6,879 6,209
Mortgage Loan 15,38,187 14,29,562
Fixed Deposit Loan 3,617 8,565
Recurring Deposit Loan 23,705 14,105
Default Interest 4,09,604 4,04,604
______________ _____________
19,81,992 18,63,045
As at As at
31.03.2003 31.03.2002
Amount Rs. Amount Rs.
Cash and Bank Balances
1. Balances With Scheduled Bank
a) In Current Account 14,015 1,95,287
b) Fixed Deposit 3,00,000 3,00,000
c) Interest accrued but not due 5,642 24,275
_____________________ _____________________
3,19,657 5,19,562
2. Cash on Hand 21,200 13,147
3. Investment in Mutual Fund NIL 1,31,00,000
_____________________ __________________________
23,22,849 1,54,95,754
_______________________ _________________________
SCHEDULE F
LOANS AND ADVANCES
Loans: Secured considered good
Outstanding for the period exceeding six months
Jewel Loans 92,522 1,37,172
Mortgage Loans 57,64,800 76,48,300
Fixed Deposit Loans 1,42,400 6,32,900
Employees Loan ------- -------
________________________ _______________________
60,90,822 85,08,372
OTHERS
Jewel Loans 35,500 1,11,700
Mortgage Loans ------- 14,25,000
Employees Loan 750 -------
________________________ _______________________
63,84,072 18,54,150
Advance Income Tax Paid ------- 8,65,785
Bank Locker Key Advance 5,000 5,000
Advance for Legal charges(Murray & Co.) ------ 5,000
Telephone Advance 3,000 3,000
Tax deducted at source 3,868 21,145
_______ ___________________ _________________________
63,95,940 1,12,62,452
___________________________ _________________________
SCHEDULE G
CURRENT LIABILITIES
Interest Accrued but not due
1. Fixed Deposits 16,705 2,348
2. Cumulative Deposits 13,29,849 14,31,317
3. Recurring Deposits 6,32,904 6,33,303
Audit Fees Payable 5,250 5,000
Company Secretary Fees Payable 5,250 -------
_______________ _______________
19,89,958 20,71,968
________________ _______________
As at As at
31.03.2003 31.03.2002
SCHEDULE H Amount Rs. Amount Rs.
PROVISIONS
Income tax ------- 6,80,117
Proposed dividend on non-cumulative
Preference Share ------- 226
_________________ ________________
------- 6,80,343
___________________________ ________________________
SCHEDULE I
INTEREST ON DEPOSITS
Interest on Fixed Deposits 22,32,778 32,65,851
Interest on Cumulative Deposits 7,97,817 8,01,259
Interest on Recurring Deposits 2,77,528 5,51,399
Interest on Savings deposits 11,477 33,859
______________ _____________
33,19,600 46,52,278
SCHEDULE J
INTEREST ON LOANS
Jewel Loan 43,150 79,061
Mortgage Loan 15,74,628 21,22,362
Fixed Deposit Loan 1,58,165 1,86,825
______________ _____________
21,84,791 29,64,575
SCHEDULE K
OTHER INCOME
Documentation Charges 13,280 45,514
Interest on Bank Deposits 26,389 49,943
Interest on Advance Income Tax Paid 53,887 ------
Dividend Income from Mutual Fund ------ 16,238
Income from Mutual Fund ------ 9,821
__________ ___________
93,556 1,21,516
Notes Forming Part of Accounts
1. Figures have been rounded off to the nearest rupee.
2. Previous year’s figures have been re-grouped wherever necessary.
3. Number of Non-Resident share holder : - NIL
4. Loans made during the year are fully secured by pledge of Gold jewels and Mortgage of
Land and Buildings.
5. ACCOUNTING POLICIES :
I. Accounts are based on accrual basis.
II. Fixed Assets are valued at cost and depreciation has been provided under
Schedule XIV of the Companies Act, 1956, under Straight Line Method.
6. The 5% Non – Cumulative Redeemable Preference shares shall be redeemed at the end
of 7th year from the date of allotment.
7. Other particulars as per part II of Schedule VI of the Companies Act, 1956 are not
furnished as the same are not applicable for the year under review.
SCHEDULE L
Balance Sheet Abstract and Company’s General Business Profile
I REGISTRATIONS DETAILS:
Registration Number: 21840 of 1991
Balance Sheet Date : 31.03.2003 State Code : 18
II CAPITAL RAISED DURING THE YEAR : (Amount in Rs. Thousands)

Public Issue Rights Issue
Nil Nil
Bonus Issue Private Placement
Nil Nil
III POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS:

(Amount in Rs. Thousands)
Total Liabilities Total Assets
15728 15728
Sources of Funds Paid up Capital Reserves & Surplus
4704 922
Secured Loans Unsecured Loans
221 9881
Application of Funds Net Fixed Assets Investments
105 Nil
Net Current Assets Misc. Expenditure
6729 Nil
Accumulated Losses
8894
IV PERFORMANCE OF THE COMPANY: (Amount in Rs. Thousands)

Turnover Total Expenditure
2366 7750
Loss before Tax Loss After Tax
5384 5384
Earning per Dividend Rate
Equity Share
NA Nil
V GENERIC NAMES OF THREE PRINCIPAL SERVICES OF COMPANY

Service Description Item Code No:
Lending NA

Place : Chennai
Sree Anasuya Benefit Fund Limited
66,(Old No.57/2B) East Coast Road, Thiruvanmiyur, Chennai 600041.
PROXY FORM
I/We…………………………………………………………
of……………………………………………………………………………………………………………
……………………………………………… in the district of……………………being a
Member/Members of SREE ANASUYA BENEFIT FUND LIMITED hereby appoint
Sri……………………………………………..of …………………..
…………………………………………………………………………….in the district of……………..
……………………………………………...failing him/her/Sri …...………………………………..of
………………………………………………..in the district of…………………………………………
as my/our proxy vote for me/us on my/our behalf at the 11th Annual General Meeting of the
Company to be held on Monday, the 29th September 2003 at 4.35 p.m. and any adjournment
thereof.
Signed this………………………………day of……………………………2003.
Name……………………………. Affix a
Re. 1/-
Address…………………………………. Signature Revenue
Stamp
Folio No:…………………..
NOTES:
1. A Member entitled to attend and vote is entitled to appoint a proxy to attend and vote on
poll instead of himself/herself.
2. The proxy form duly signed across Revenue stamp of Re.1/- should reach the company’s
Registered Office at least 48 hours before the time of Meeting.
………………………………………………………………………………………………………………..
Sree Anasuya benefit Fund Limited
ATTENDANCE SLIP
I hereby record my presence at the 11th Annual General Meeting of the above named company
being held at Registered Office of the company situated at 66,(Old No.57/2B) East Coast Road,
Thiruvanmiyur, Chennai 600041 at 4.35 p.m. on Monday. The 29th September 2003.
…………………………………….. ………………………………
Full Name of the Member (In Block Letters) Signature
Folio No:…………………….. No. of Shares Held……………………….
…………………………………….. ………………………………
Full Name of Proxy (In Block Letters) Signature
Note: Members attending the meeting in person or by proxy are requested to complete the
Attendance slip and hand it over at the entrance of the meeting hall.
BOOK – POST
PRINTED MATTER
TO
Smt./Sri………………………………………………….
………………………………………………………………
……………………………………………………………….
If undelivered kindly return to :

‘SRI SAI SUBHODAYA’, FLAT NO: G, GROUND FLOOR,
66 (OLD NO:57/2B) EAST COAST ROAD, THIRUVANMIYUR,
CHENNAI 600 041.
SREE ANASUYA BENEFIT
FUND LIMITED
TWELFTH ANNUAL REPORT AND

STATEMENT OF ACCOUNTS
FOR THE YEAR
2003-2004
Registered Office:
‘SRI SAI SUBHODAYA’ FLAT NO: G, GROUND FLOOR,
66, (OLD NO: 57/2B) EAST COAST ROAD,
THIRUVANMIYUR,
CHENNAI – 600041.
PHONE: 24481551
BOARD OF DIRECTORS:
Sri. A.ARULMOZHI SHIVAM, M.Com., P.G.D.M.,
Director – Vice-President
Sri. A.GOBALAKRISHNAN
Director – Treasurer
Sri. T.NATARAJAN
Director – Auditor
Sri. R.RAMMOHAN
Other Directors
Sri. P.A.NAMASIVAYAM, B.Sc.,
Sri. Dr. A.G.KARTHIKEYAN, M.B.B.S., M.D.(Paed).,
Sri. Er. A.G.VIJAY ANAND, B.E.,
AUDITORS:
Messrs. RAGHU & MURALI
CHRTERED ACCOUNTANTS
Chennai - 600018.
LEGAL ADVISOR:
Sri. S.UMAPATHY, M.A., B.L.,
Chennai – 600018.
BANKERS:
BANK OF MAHARASHTRA
Valmiki Nagar Branch, Thiruvanmiyur, Chennai – 600041.
CHENNAI CENTRAL CO-OPERATIVE BANK LTD.,

Thiruvanmiyur, Chennai – 600041.
STATE BANK OF MYSORE

Thiruvanmiyur, Chenni - 600041.
WORKING HOURS:
Week Days : 9.00 A.M. to 1.00 P.M. and 2.30 P.M. to 5.30 P.M.
Sunday : 9.00 A.M. to 1.00 P.M
WEEKLY HOLIDAY: TUESDAY
NOTICE TO SHAREHOLDERS :
Notice is hereby given that the TWELFTH Annual General Meeting of the
Shareholders of the fund will be held on 29th September 2004 Monday at 4.35 p.m.
at the Registered office of the Fund: ‘SRI SAI SUBHODAYA’ FLAT NO: G, Ground
Floor, 66, (Old No:57/2B) East Coast Road, Thiruvanmiyur, Chennai – 600041 to
transact the following business:
AGENDA :
1. To receive, consider and adopt the Balance Sheet as on 31st March 2003
and the Profit and Loss Account for the period ended 31st March 2003 and
the report of the Board of Directors’ and Auditors’ Report, notes thereon.
2. To appoint a Director in the place of Sri. A.ARULMOZHI SHIVAM, who
retires by rotation and being eligible, offer himself for reappointment.
3. To appoint a Director in the place of Sri. T.NATARAJAN, who retires by
rotation and being eligible, offer himself for reappointment.
4. To appoint an Auditors to hold office from the conclusion of this Annual
General Meeting till the conclusion of the next Annual General Meeting and
to fix their remuneration.
SPECIAL BUSINESS
5. To consider and if thought fit to pass with or without modification/

amendment of the following to the Memorandum & Association of the
company to read as follows:
Existing Proposed
CLAUSE V CLAUSE V
Existing Proposed
Article Of Association Article of Association
Article No: 7 Article No: 7

ANNEXURE TO NOTICE
Explanatory statement to Section 173 of the Companies Act 1956.

Item No.5 This amendment requires the sanction of General Body, the proposed
Special Resolution as set out in the Notice is placed before the shareholders for
their approval. None of the Directors of the company is deemed to be interested in
the above Resolution.
NOTES :
1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to
attend and vote instead of himself and a proxy need not be a member of the fund. If it is
desired to use a proxy, the instrument appointing the proxy should be completed in
accordance with Section 176 of the Companies Act, 1956 and delivered at the registered
office of the company at least 48 hours before the time fixed for the meeting.
2. Persons entitled to attend the meeting are requested to bring their respective share
certificates for easy identification.
3. Members are requested to intimate fund’s office any change in their door numbers and
addresses, with Pin code numbers.
4. Members are requested to bring their copy of their Annual Report along with them for the
meeting, since it is not possible to distribute additional copies at the meeting in view of
the heavy cost of printing.
5. Shareholders intending to ask for information at the Annual General meeting regarding
Balance Sheet or Profit and Loss Account or Directors’ Report are requested to give
notice of the particulars of information required, to the President or the Vice-President at
least seven days before the date of the Annual General Meeting.
By order of the Board

CHENNAI – 600041 Sd………….
21st August 2004 A.ARULMOZHI SHIVAM
DIRECTORS’ REPORT
To
The Members:
The Directors of your company are presenting the Twelfth Annual Report together
with Audited Accounts of the company for the period ended 31st March 2004.
DEPOSITS AND LOANS :

The total Fixed Deposits, Cumulative Deposits, Recurring Deposits and Savings
Deposits as at 31st March 2004 amounted to Rs.98.81 lakhs as against
Rs.256.51 lakhs in the previous year.
The total loans on Jewel loans, Mortgage loans on immovable properties, Fixed
Deposits loans and advances outstanding as at 31st March 2004 amounted to
Rs.65.51 lakhs as against Rs.112.62 lakhs in the previous year.
RESULTS
The Directors are sorry to state that the business of the company during the year
under report is very bad. The working of the company for the year under report is
as under:
FINANCIAL RESULTS: 2003-2004(Rs.) 2002-2003(Rs.)

The result of the company’s working before
providing for depreciation shows a loss (54,02,776) (54,02,776)
Less: Depreciation 18,828 18,828
______________________________________________________________________
(53,83,948) (53,83,948)
Add: Previous year loss (88,94,168) (35,57,799)
Add: Excess provision of Income Tax 47,579 47,579
_________________________________________
Net loss carried to Balance Sheet (88,94,168) (88,94,168)

_________________________________________
PERFORMANCE OF THE FUND

The performance of the company during the year under review was adversely
affected by the loss from mutual fund investments. To avoid the total loss on the
mutual fund investment amount the Directors had taken bold decision to withdraw
the investment and book loss. Like in the last year the deployment of funds in the
core business – Loans on Jewels and House Mortgage were continued to be
sluggish in this year also.
INSPECTION AND REPORTS

The commissioners appointed for the scrutiny of jewels, documents and other
securities duly carried out their work and their reports express satisfaction.
DIRECTORS:
Sri. A.ARULMOZHI SHIVAM and Sri. T.NATARAJAN Directors of your company
retire by rotation at the ensuing Annual General Meeting pursuant to the
provisions of Article 96 of the Articles of Association of the company and being
eligible, offer themselves for reappointment.
DIRECTORS’ RESPOSIBILITY STATEMENT

In accordance with Section 217(2AA) of the Companies Act, 1956 the Directors of
the company hereby state that:
a. In the preparation of Annual Accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures.
b. The Directors had selected such accounting policies and prudent so as
to give a true and fair view of the state of affairs of the company at the
end of the financial year and of the profit or loss of the company for
that period.
c. The Directors had taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions of
the assts of the company and for preventing and detecting fraud and
other irregularities.
d. The Directors had prepared the annual accounts on a going concern
basis.
AUDITORS
The Statutory Auditors, M/s RAGHU & MURALI, Chartered Accountants retire at
the conclusion of the Eleventh Annual General Meeting are eligible for the current
financial year. Your Board recommends their reappointment.
SECRETARIAL COMPLIANCE REPORT

In accordance with provisions of Section 383 A (1) of the Companies
(Amendment) Act, 2000 Secretarial compliance report from Mr. B.Ravi a practicing
Company Secretary is set out in the Annexure forming part of the report.
ADDENDUM TO THE AUDITOR’S REPORT AND SECRETARIAL COMPLIANCE
REPORT
The Directors wish to draw your attention to note No: 6(h) of Auditors Report and
to note No: 24 of Secretarial Compliance Report for their comments. The company
was incorporated with the main object to enable its members to save money, to
invest their savings to secured loans at favourable rates of interest on sound
security. The company deals only with its members and its business is restricted
to receiving deposits from them and lending money to members on proper
securities. An all out efforts have been taken to secure recognition as a Mutual
Benefit Society under Section 620A of the Companies Act, 1956. The provisions
of the Reserve Bank of India would not apply to your company as it had already
been prescribed regulations for Mutual Benefit Companies, which were yet to be
notified as Nidhis by Department of Company Affairs, Government of India vide
RBI press release dated 13.04.1999. Your Directors hereby further confirm that
your company has been strictly complying the notifications issued from time to
time for Nidhi or Mutual Benefit Society by Department of Company Affairs,
Government of India.
EMPLOYEES
The information required under the provisions of Section 217(2) of the Companies
Act, 1956 read with the Companies (Particulars of employees) Rules, 1975 as
amended is not furnished since no employee employed throughout/part of the
year, was in respect for remuneration of Rs.24,00,000/- or more per annum or
Rs.2,00,000/- or more per month, as the case may be.
CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The provisions of Section 217(1)(e) of the Companies Act, 1956 are not applicable
to your company. Foreign Exchange (Earnings & Outgo: Total Foreign Exchange
used and earned). There has been no earnings or outgo of foreign exchange
during the year.
ACKNOWLEDGEMENT
The Board of Directors express their sincere appreciation to all the Shareholders,
Banks, Customers, Employees and Well Wishers of the company for their
excellent co-operation and support extended to the company and look forward to
their continued patronage in the years to come.
For and on behalf of the Board

CHENNAI – 600041 Sd……
21st August, 2004 A.ARULMOZHI SHIVAM
COMPLIANCE CERTIFICATE
TO
The Members of
Chennai – 600041
I have examined the registers, records, books and papers of SREE ANASUYA BENEFIT FUND
LIMITED (hereinafter referred to as ‘Company’) having its Registered office at ‘Sri Sai
Subhodaya’, Flat No.G, New No. 66(Old No.57/2B), East Coast Road, Thiruvanmiyur, Chennai
– 600041 as required to be maintained under the Companies Act, 1956, (hereinafter referred to
as ‘Act’) and the rules made thereunder and also the provisions contained in the Memorandum
and Articles of Association of the Company for the financial year ended on 31st March, 2004. In
my opinion and to the best of my information and according to the examinations carried out by
me and explanations furnished to me by the company, its officers, I certify that in respect of the
aforesaid financial year:
1. The company has kept and maintained all registers as stated in Annexure ‘A’ to this
certificate, as per the provisions and the rules made there under and all entries therein
have been duly recorded.
2. The company has duly filed the forms and returns as stated in Annexure ’B’ to this
certificate, with the Registrar of Companies except one Form 5 with respect to
redemption of 45, 5% non-cumulative redeemable preference shares of Re1/- each filed
with Additional fee, within the time prescribed under the Act and the rules made there
under.
3. The company is public limited company and has the minimum prescribed paid up capital.
4. The Board of Directors duly met ELEVEN times on 27.04.2002, 27.05.2002,
14.06.2002, 29.06.2002, 27.07.2002, 21.08.2002, 14.09.2002, 18.10.2002,
12.11.2002, 25.12.2002 and 26.03.2003 in respect of which meetings, proper notices
were given and the proceedings were properly recorded and signed in the Minutes
Book maintained for the purpose.
5. The company has closed its Register of Members during the year under report.
6. The Annual general meeting for the financial year ended 31st March 2003 was held on
29th September 2003 after giving due notice to the members of the company and the
resolutions passed there at were duly recorded in Minutes Book maintained for the
purpose.
7. The company had no extra ordinary meetings during the financial year.
8. The company had no transactions attracting Section 295 of the Act, during the year under
report.
9. The company had no transactions attracting the provisions of Section 297 of the Act,
during the year under report.
10. The company had no transactions requiring entries in the register maintained under
Section 301 of the Act.
11. The company had no instances during the year under report necessitating approvals
under Section 314 of the Act.
12. The company has not issued any duplicate certificates during the year under report.
13. The company had not declared any dividend during the year ended 31.3.2003 and
therefore the question of unpaid or unclaimed dividends and the transferring to unpaid
dividend account does not arise.
14. The company has duly complied with the requirements of Section 217 of the Act.
15. During the year under report the Company had made allotments of equity shares as
detailed below and also redeemed preference shares as detailed below. Necessary
forms have been filed with the Registrar of Companies within the stipulated time and
entries were made in the Register maintained for the said purpose and also certificates
despatched as prescribed under the Companies Act, 1956. The company had no transfer
of shares during the year under report.
ALLOTMENT OF EQIUTY SHARES OF Re. 1/- EACH MADE DURING THE YEAR
UNDER REPORT.
Sl.No. Date of Allotment No.of Allotees No. of Shares Allotted Date of filing
Form 2
1. 21.08.2002 21 1380 06.09.2002
2. 26.03.2002 3 120 * 22.04.2003
* The above marked Form 2 filed subsequent to the year under scrutiny
REDEMPTION OF 5% NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES
OF RE.1/- EACH MADE DURING THE YEAR UNDER REPORT:
Sl.No. Date of Board’s Date of Redemption No. of Preference Date of filing
Approval for shares Redeemed Form 5
1. 27.07.2002 06.08.2002 45 06.09.2002

with addl. Filing fee
2. 25.12.2002 25.12.2002 61 14.01.2003
16. The Board of Directors of the company is duly constituted and the appointment of
Directors and resignation of Directors during the year under report as detailed below
were properly recorded in the minutes and relevant forms were filed with the Registrar of
companies and entries made in the Register maintained for that purpose.
RESIGNATION AND APPOINTMENT OF DIRECTORS APPROVED BY THE BOARD
ON 21.08.2002
RESIGNATION
SL.NO. NAME OF THE DIRECTORS DATE OF FILING FORM 32
1. Mrs. A. Mythili 06.09.2002
2. Mrs. G. Rajamani 06.09.2002
3. Mrs. N. Gowri 06.09.2002
4. Mrs. R. Bhuvaneswari 06.09.2002
APPOINTMENT
SL.NO. NAME OF THE DIRECTORS DATE OF FILING FORM 32 & 29
1. Mr. A. Arulmozhi Shivam 06.09.2002
2. Mr. A. Gobalakrishnan 06.09.2002
3. Mr. R. Rammohan 06.09.2002
4. Mr. T. Natarajan 06.09.2002
17. The company has no Managing Director/ Whole time Director/ Manager. The company
has a President, Vice- President, Director-Treasurer and Director- Auditor, besides
other directors on the Board. The Office bearers are also directors of the Company and
None of them are in receipt of remuneration from the company.
18. The company has no sole-selling agents

19. The company was not required to obtain any approvals of the Central Government,
Company Law Board, Regional Director or Registrar of Companies and or such
authorities prescribed under the provisions of the Act.
20. The Directors have disclosed their interest in other firms / companies to the Board of
Directors pursuant to the provisions of the Act and the rules made therunder.
21. The company has issued shares during the financial year under report in respect of
allotment of shares made during the year under report as detailed under point no. 15
supra.
22. The company has not bought back any shares during the financial year ended 31st
March 2003 and hence the question of complying with the buy back provisions does not
arise.
23. The company has not issued any debentures during the year under report.
24. The company has accepted deposits from its shareholders pending receipt of recognition
as per Sec.620A of the Act. The provisions of Companies Acceptance of Deposits Rules,
1975 and the directives of Reserve Bank of India regarding acceptance of deposits have
not been complied with.
25. The amount borrowed by the Company during the financial year ended 31st March,
2002 is within the borrowing limits of the company.
26. The Company has not made any loans and investments, or given guarantees or provided
securities to other bodies corporate.
27. The company has not shifted its registered office and hence there is no alteration in the
situation clause of the Memorandum of Association.
28. The company has not altered the provisions of the Memorandum with respect to the
objects of the company during the year under scrutiny.
29. The company has not altered the provisions of the Memorandum with respect to name of
the company during the year under scrutiny.
30. The company has not altered the provisions of the Memorandum with respect to share
capital of the company during the year under scrutiny.
31. The company has not altered any of its articles of Articles of Association.
32. No prosecution has been against or the company for offences under the Act has received
no show cause notices.
33. The company has not received any amount as security from its employees during the
year under certification.
34. The provisions of the Employees Provident fund (miscellaneous provisions) Act, 1952
are not applicable to the company.
Place : Chennai Signature : Sd………….

Date : 21.08.2004 Name of the Company Secretary : B.Ravi
C.P.NO : 3318
Annexure A
Register as maintained by the company
1. Register of Members u/s 150
2. Register of Directors u/s 303
3. Register of Directors’ shareholding u/s 307
4. Register of contracts in which directors are interested u/s 301
5. Register of Board Minutes u/s 193
6. Register of General Meeting Minutes u/s 193
7. Register of Share Transfers
8. Attendance Register for Board / General Meetings.
Annexure B
Forms and Returns as filed by the Company with the Registrar of Companies, Regional
Director, Central Government or other authorities during the financial year ended 31.03.2003.
1. Form No. 5 filed U/s 95 of Redemption of 45 Preference Shares with additional filing fee
on 06.09.2002.
2. Form No. 5 filed U/s 95 of Redemption of 61 Preference Shares on 14.01.2003.
3. Form No.2 filed U/s 75 for Allotment of 1380 Equity Shares on 06.09.2003.
4. Form No.2 filed U/s 75 for Allotment of 120 Equity Shares on 22.04.2003. The above
Form 2 filed subsequent to the year under scrutiny.
5. Compliance Certificate filed u/s 383A(1) for the financial year ended on 31.03.2003, on
24.10.2002.
6. Form No.32 filed U/s 303 for resignation and appointment of directors on 06.09.2002.
7. Form No.29 filed U/s 264 Mr.A.Gobalakrishnan giving his consent to act as director of the
8. Form No.29 filed U/s 264 Mr.A.Arulmozhi Shivam giving his consent to act as director of
9. Form No.29 filed U/s 264 Mr.T.Natarajan giving his consent to act as director of the
10. Form No.29 filed U/s 264 Mr.R.Rammohan giving his consent to act as director of the
11. Schedule VI – Balance Sheet for the Year ended 31.03.2002 together with annexure and
attachments duly adopted by the members at the Annual General Meeting held on 27th
September 2002, filed on 24.10.2002.
Schedule V – Annual Return made up to 27th September 2002, filed on 25.11.2002.
AUDITORS’ REPORT
TO
THE MEMBERS
M/s. SREE ANASUYA BENEFIT FUND LIMITED
We have audited the Balance Sheet of SREE ANASUYA BENEFIT FUND LIMITED, Chennai –
600041 as at 31st March 2004 and also the Profit and Loss account 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 based in
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 statement and free of material misstatements. An audit includes
assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statements presentation. We believe that our audit
provides a reasonable basis for our opinion and report that:
1. We have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purpose of Audit.
2. In our opinion, the company has kept proper books of accounts as required by Law so far
as it appears from our examination of these books.
3. In our opinion, the Profit and Loss Account and Balance Sheet comply with accounting
standards referred to in Sub-Section (3c) of Section 211 of the Companies Act, 1956.
4. According to the information and explanations given to us and on the basis of written
representation from the directors of the company, taken on record by the Board of
Directors, in relation to the affairs of the company, none of the directors are disqualified
from being appointed as director as on 31st March, 2004 under Section 274(1)(g) of the
5. The Balance sheet dealt with by the report are in agreement with the books of account
and We further report that in our opinion and to the best of our information and according
to the explanations given to us, that said account subject to and read with the notes
thereon give the information required by Companies Act, 1956, in the manner so required
to and give a true and fair view:
a. In the case of Balance Sheet, of the state of the company’s affairs as at 31st March
2004.
b. In the case of the Profit and Loss Account of the Loss for the year ended 31st
March 2004.
6. As required by the Manufacturing and other Companies [Auditors Report] Orders, 1988
and on the basis of such checks of the books and records of the company as we
considered appropriate and the information and explanations given to us, We state that:
a. The Company has maintained proper records of its fixed assets, during the year
under review. The management has physically verified the fixed assets
periodically in a phased manner at reasonable intervals and no material
discrepancies have been on such verification.
b. None of the fixed assets have been revalued during the year.
c. The company does not have any stock during the year under review and hence,
question of commenting on the same does not arise.
d. The company has not taken any loans from companies; firms or other parties
listed in the register, maintained under Section 301 of the Companies Act, 1956.
According to the information and explanations given to us, there are no companies
under the same management as defined in Section 370(1B) of the Companies Act,
1956.
e. The company has not given any loans or advances to any companies, firms or
other parties listed in the register, maintained under Section 301 of the Companies
Act, 1956. According to the information and explanations given to us, there are no
companies under the same management as defined in Section 370B of the
f. The company has granted loans during the year under review and the company
has taken reasonable steps for the recovery of principle and interest wherever
necessary in respect of loans given by the company.
g. In our opinion and according to the information and explanations given to us, there
are adequate internal control procedures commensurate with the size of the
company and nature of its business.
h. The company has accepted deposits from its shareholders pending obtention of
recognition as per Section 620A of Companies Act, 1956. The provisions of
Companies Acceptance of Deposits Rules 1975 and the Reserve Bank of India’s
directives regarding acceptance of deposits have not been complied with.
i. Since the paid up capital of the company does not exceed Rs.25 Lakhs and
average annual turnover is less than Rs.2 Crores the question of commenting on
internal audit system does not arise.
j. According to the information and explanation given to us, no disputed amounts
payable in respect of Income Tax, Wealth Tax, Customs and Excise Duties
outstanding as on 31st March 2003 for a period of more than six months from the
day they became payable.
k. According to the information and explanations given to us, no personal expenses
of employees or directors have been charged to revenue account.
l. The company is not Sick Industrial Unit under the provisions of Section 3(1) (o) of
the Sick Industries Companies (Special Provisions) Act, 1985.
m. The provisions of any special statutes applicable to chit Funds, Nidhi’s do not
apply to the company.
n. The company has not granted any loans and advances on the basis of security by
way of pledge of shares, debentures and other similar securities.
o. The company is not dealing or trading in shares, securities, etc.
p. Considering the nature of activities carried on by the company the provisions of
(iii), (iv), (xi), (xii), (xiii), (xiv), (xvi) and (xx) of Para 4(a) of the Manufacturing and
other Companies (Auditor’s Report) Order 1988 do not apply to this Company.
for RAGHU & MURALI

CHARTERED ACCOUNTANTS
Sd………
Place : Chennai
Date ; 21st August, 2004 (D.V.MURALIDHARAN)
Partner
BALANCE SHEET AS ON 31.03.2003 AS ON AS ON

SOURCES OF FUNDS SCHD 31.03.2004 31.03.2003
1) Shareholder’s Funds:
(a) Capital A 47,03,651 47,03,651
(b) Reserves & Surplus B 9,21,889 9,21,889
2) Loan Funds:
(a) Secured 2,21,326 2,21,326
(b) Unsecured C 98,81,567 98,81,567
----------------- -----------------
TOTAL 1,57,28,433 1,57,28,433
------------------ -----------------
APPLICATION OF FUNDS
1) Fixed Assets:
(a) Gross Block D 1,94,788 1,94,788
(b) Less:Depreciation to date 89,354 89.354
-------------- ---------------
(c) Net Block 1,05,434 1,05,434
2) Current Assets, Loans & Advances:
(a) Current Assets E 23,22,849 23,22,849
(b) Loans & Advances F 63,95,940 63,95,940
------------------ -----------------
87,18,789 87,18,789
3) Less Current Liabilities & Provisions:

(a) Current Liabilities G 19,89,958 19,89,958
(b) Provisions H 0 0
----------------- ----------------
19,89,958 19,89,958
4) Net Current Assets 67,28,831 67,28,831
5) Miscellaneous Expenditure:
(to the extent not written off
Preliminary expenses) --------- --------
6) Profit and Loss account 88,94,168 88,94,168
----------------- ------------------
TOTAL 1,57,28,433 1,57,28,433
------------------ -------------------

Place : Chennai
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2004
SCHD 2003 – 2004 2002 – 2003
INCOME
Interest on Loan J 21,84,791 21,84,791
Other income K 93,556 93,556
Profit on Sale of Building 88,092 88,092
---------------- ---------------
TOTAL 23,66,439 23,66,439
------------------ ----------------
EXPENDITURE
Salary 76,221 76,221
Administration Expenses 1,23,000 1,23,000
Printing and Stationery 2,330 2,330
Postage and Telephones 4,637 4,637
Repairs and Maintenance 5,002 5,002
Staff Welfare 17,906 17,906
Bank Charges 868 868
Electricity charges 3,115 3,115
Traveling & Conveyance 16,031 16,031
Auction Charges 1,281 1,281
Meeting Expenses 8,101 8,101
Sitting fees 1,20,750 1,20,750
Audit fees 5,250 5,250
Miscellaneous Expenses 10,119 10,119
Rates and Taxes 2,793 2,793
Legal fees 3,000 3,000
Interest on Bank Loans 12,762 12,762
Interest on Deposits I 33,19,600 33,19,600
Depreciation D 18,828 18,828
Loss on Investment in Mutual Fund 39,93,543 39,93,543
Compliance Certificate Fees 5,250 5,250
--------------- ---------------
TOTAL 77,50,387 77,50,387
---------------- ---------------


Place : Chennai
PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH 2004
APPROPRIATIONS 2003 – 2004 2002 – 20003
Net Loss for the year (53,83,948) (53,83,948)

Balance brought from Balance sheet (35,57,799) (35,57,799)
------------------ -----------------
(89,41,747) (89,41,747)
----------------- ------------------
Excess provision for Income Tax 47,579 47,579

Balance carried to Balance Sheet (88,94,168) (88,94,168)
----------------- -----------------
(89,41,747) (89,41,747)
----------------- ------------------


Place : Chennai
SCHEDULES to Balance sheet
As at As at
31.03.2004 31.03.2003
SCHEDULE A Amount Rs. Amount Rs.
SHARE CAPITAL
Authorised:
25,000 – 5% Non cumulative Redeemable
______________ ______________
50,00,000 50,00,000
Issued and Paid up:
2151 – 5% Non cumulative Redeemable
Application Money for Equity Share Capital 23,00,000 23,00,000
_____________ _____________
47,03,651 47,03,651

As at As at
31.03.2004 31.03.2003
SCHEDULE B Amount(Rs.) Amount(Rs.)
RESERVES AND SURPLUS
Reserve Fund 5,67,390 5,67,390
Reserve to Bad Debts 2,83,607 2,83,607
Charity Reserve 70,892 70,892
____________ ____________
9,21,889 9,21,889
SCHEDULE C
LOAN FUNDS (UNSECURED)
Fixed Deposit 52,63,800 52,63,800
Recurring Deposit 12,51,276 12,51,276
Savings Deposit 1,19,490 1,19,490
__________________ ________________
98,81,567 98,81,567
Contribution from Directors and their Relatives
Fixed Deposit 8,48,000 8,48,000
Recurring Deposit 14,900 14,900
Savings Deposit 71,200 71,200
_____________ ____________
15,57,600 15,57,600
SCHEDULE D
Fixed Asset – Depreciation
Gross Block Depreciation Net Block
Particulars As on As on Up to For the Up to As on As on
31.3.2003 31.3.2004 31.3.03 Year 03/04 31.3.04 31.3.2003 31.3.2004
Furniture&fit. 1,01,147 1,01,147 27,793 6,408 27,793 73,354 73,354

Computers 67,000 67,000 54,795 10,860 54,795 12,205 12,205
Office Equip. 14,007 14,007 2,698 660 2,698 11,309 11,309
Electrical Fitti. 12,634 12,634 4,068 900 4,068 8,566 8,566
Total 1,94,788 1,94,788 89,354 18,828 89,354 1,05,434 1,05,434
SCHEDULE E
CURRENT ASSETS
Interest Accrued and Due on Loans
Jewel Loan 6,879 6,879
Mortgage Loan 15,38,187 15,38,187
Fixed Deposit Loan 3,617 3,617
______________ _____________
19,81,992 18,63,045
As at As at
31.03.2004 31.03.2003
Amount Rs. Amount Rs.
Cash and Bank Balances
1. Balances With Scheduled Bank
a) In Current Account 14,015 14,015
b) Fixed Deposit 3,00,000 3,00,000
c) Interest accrued but not due 5,642 5,642
_____________________ _____________________
3,19,657 3,19,657
2. Cash on Hand 21,200 21,200
_____________________ __________________________
23,22,849 23,22,849
_______________________ _________________________
SCHEDULE F
LOANS AND ADVANCES
Loans: Secured considered good
Outstanding for the period exceeding six months
Jewel Loans 92,522 92,522
Mortgage Loans 57,64,800 57,64,800
Employees Loan ------- -------
________________________ _______________________
60,90,822 60,90,822
OTHERS
Jewel Loans 35,500 35,500
Mortgage Loans ------- -------
Employees Loan 750 750
________________________ _______________________
63,84,072 63,84,072
Advance Income Tax Paid ------- ------
Bank Locker Key Advance 5,000 5,000
Telephone Advance 3,000 3,000
Tax deducted at source 3,868 3,868
_______ ___________________ _________________________
63,95,940 63,95,940
___________________________ _________________________
SCHEDULE G
CURRENT LIABILITIES
Interest Accrued but not due
1. Fixed Deposits 16,705 16,705
2. Cumulative Deposits 13,29,849 13,29,849
3. Recurring Deposits 6,32,904 6,32,904
Audit Fees Payable 5,250 5,250
Company Secretary Fees Payable 5,250 5,250
_______________ _______________
19,89,958 19,89,958
________________ _______________
As at As at
31.03.2004 31.03.2003
SCHEDULE H Amount Rs. Amount Rs.
PROVISIONS
Income tax ------- --------
Proposed dividend on non-cumulative
Preference Share ------- ------
_________________ ________________
------- ------
___________________________ ________________________
SCHEDULE I
INTEREST ON DEPOSITS
Interest on Fixed Deposits 22,32,778 22,32,778
Interest on Cumulative Deposits 7,97,817 7,97,817
Interest on Recurring Deposits 2,77,528 2,77,528
Interest on Savings deposits 11,477 11,477
______________ _____________
33,19,600 33,19,600
SCHEDULE J
INTEREST ON LOANS
Jewel Loan 43,150 43,150
Mortgage Loan 15,74,628 15,74,628
Fixed Deposit Loan 1,58,165 1,58,165
______________ _____________
21,84,791 21,84,791
SCHEDULE K
OTHER INCOME
Documentation Charges 13,280 13,280
Interest on Bank Deposits 26,389 26,389
Interest on Advance Income Tax Paid 53,887 53,887
Dividend Income from Mutual Fund ------ ------
Income from Mutual Fund ------ ------
__________ ___________
93,556 93556
Notes Forming Part of Accounts
1. Figures have been rounded off to the nearest rupee.
2. Previous year’s figures have been re-grouped wherever necessary.
3. Number of Non-Resident share holder : - NIL
4. Loans made during the year are fully secured by pledge of Gold jewels and Mortgage of
Land and Buildings.
5. ACCOUNTING POLICIES :
a. Accounts are based on accrual basis.
b. Fixed Assets are valued at cost and depreciation has been provided under
Schedule XIV of the Companies Act, 1956, under Straight Line Method.
6. The 5% Non – Cumulative Redeemable Preference shares shall be redeemed at the end
of 7th year from the date of allotment.
7. Other particulars as per part II of Schedule VI of the Companies Act, 1956 are not
furnished as the same are not applicable for the year under review.
SCHEDULE L
Balance Sheet Abstract and Company’s General Business Profile
I REGISTRATIONS DETAILS:
Registration Number: 21840 of 1991
Balance Sheet Date : 31.03.2004 State Code : 18
II CAPITAL RAISED DURING THE YEAR : (Amount in Rs. Thousands)

Public Issue Rights Issue
Nil Nil
Bonus Issue Private Placement
Nil Nil
III POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS:

(Amount in Rs. Thousands)
Total Liabilities Total Assets
15728 15728
Sources of Funds Paid up Capital Reserves & Surplus
4704 922
Secured Loans Unsecured Loans
221 9881
Application of Funds Net Fixed Assets Investments
105 Nil
Net Current Assets Misc. Expenditure
6729 Nil
Accumulated Losses
8894
IV PERFORMANCE OF THE COMPANY: (Amount in Rs. Thousands)

Turnover Total Expenditure
2366 7750
Loss before Tax Loss After Tax
5384 5384
Earning per Dividend Rate
Equity Share
NA Nil
V GENERIC NAMES OF THREE PRINCIPAL SERVICES OF COMPANY

Service Description Item Code No:
Lending NA


Place : Chennai
Sree Anasuya Benefit Fund Limited
PROXY FORM
I/We…………………………………………………………
of……………………………………………………………………………………………………………
……………………………………………… in the district of……………………being a
Member/Members of SREE ANASUYA BENEFIT FUND LIMITED hereby appoint
Sri……………………………………………..of …………………..
…………………………………………………………………………….in the district of……………..
……………………………………………...failing him/her/Sri …...………………………………..of
………………………………………………..in the district of…………………………………………
as my/our proxy vote for me/us on my/our behalf at the 12th Annual General Meeting of the
Company to be held on Monday, the 29th September 2004 at 4.35 p.m. and any adjournment
thereof.
Signed this………………………………day of……………………………2004.
Name……………………………. Affix a
Re. 1/-
Address…………………………………. Signature Revenue
Stamp
Folio No:…………………..
NOTES:
8. A Member entitled to attend and vote is entitled to appoint a proxy to attend and vote on
poll instead of himself/herself.
9. The proxy form duly signed across Revenue stamp of Re.1/- should reach the company’s
Registered Office at least 48 hours before the time of Meeting.
………………………………………………………………………………………………………………..
Sree Anasuya benefit Fund Limited
ATTENDANCE SLIP
I hereby record my presence at the 12th Annual General Meeting of the above named company
being held at Registered Office of the company situated at 66,(Old No.57/2B) East Coast Road,
Thiruvanmiyur, Chennai 600041 at 4.35 p.m. on Monday. The 29th September 2004.
…………………………………….. ………………………………
Full Name of the Member (In Block Letters) Signature
Folio No:…………………….. No. of Shares Held……………………….
…………………………………….. ………………………………
Full Name of Proxy (In Block Letters) Signature
Note: Members attending the meeting in person or by proxy are requested to complete the
Attendance slip and hand it over at the entrance of the meeting hall.
BOOK – POST
PRINTED MATTER
TO
Smt./Sri………………………………………………….
………………………………………………………………
……………………………………………………………….
If undelivered kindly return to :

‘SRI SAI SUBHODAYA’, FLAT NO: G, GROUND FLOOR,
66 (OLD NO:57/2B) EAST COAST ROAD, THIRUVANMIYUR,
CHENNAI 600 041.

Sree Anasuya Benefit Fund Limited: Eleventh Annual Report and Statement of Accounts For The Year 2002-2003

Caricato da

Informazioni sul documento

Descrizione originale:

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Sree Anasuya Benefit Fund Limited: Eleventh Annual Report and Statement of Accounts For The Year 2002-2003

Caricato da

Copyright:

Formati disponibili

SREE ANASUYA BENEFIT

ELEVENTH ANNUAL REPORT AND

CHENNAI CENTRAL CO-OPERATIVE BANK LTD.,

STATE BANK OF MYSORE

5. To consider and if thought fit to pass with or without modification/

Article Of Association Article of Association

Article No: 7 Article No: 7

Explanatory statement to Section 173 of the Companies Act 1956.

By order of the Board

DEPOSITS AND LOANS :

FINANCIAL RESULTS: 2002-2003(Rs.) 2001-2002(Rs.)

Net loss carried to Balance Sheet (88,94,168) (35,57,799)

PERFORMANCE OF THE FUND

INSPECTION AND REPORTS

SREE ANASUYA BENEFIT FUND LIMITED 5

DIRECTORS’ RESPOSIBILITY STATEMENT

SECRETARIAL COMPLIANCE REPORT

ADDENDUM TO THE AUDITOR’S REPORT AND SECRETARIAL COMPLIANCE

6 SREE ANASUYA BENEFIT FUND LIMITED

CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

For and on behalf of the Board

8 SREE ANASUYA BENEFIT FUND LIMITED

1. 27.07.2002 06.08.2002 45 06.09.2002

18. The company has no sole-selling agents

Place : Chennai Signature : Sd………….

12 SREE ANASUYA BENEFIT FUND LIMITED

for RAGHU & MURALI

SREE ANASUYA BENEFIT FUND LIMITED 13

BALANCE SHEET AS ON 31.03.2003 AS ON AS ON

3) Less Current Liabilities & Provisions:

14 SREE ANASUYA BENEFIT FUND LIMITED

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

SREE ANASUYA BENEFIT FUND LIMITED 15

APPROPRIATIONS 2002 – 2003 2001 – 20002

Net Loss for the year (53,83,948) (23,14,116)

Excess provision for Income Tax 47,579 -------

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

R. Rammohan T.Natarajan D.V. Muralidharan

SCHEDULES to Balance sheet

16 SREE ANASUYA BENEFIT FUND LIMITED

Buildings 13,91,000 Nil 1,03,772 Nil Nil 12,87,228 Nil

Total 15,85,788 1,94,788 1,74,298 18,828 89,354 14,11,490 1,05,434

SREE ANASUYA BENEFIT FUND LIMITED 17

18 SREE ANASUYA BENEFIT FUND LIMITED

SREE ANASUYA BENEFIT FUND LIMITED 19

II CAPITAL RAISED DURING THE YEAR : (Amount in Rs. Thousands)

III POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS:

IV PERFORMANCE OF THE COMPANY: (Amount in Rs. Thousands)

V GENERIC NAMES OF THREE PRINCIPAL SERVICES OF COMPANY

A. Arulmozhi Shivam A. Gobalakrishnan As per our report of even date annexed

Folio No:…………………….. No. of Shares Held……………………….

If undelivered kindly return to :