BARKAT RICE MILLS - GUJRAT UNIT

TRIAL BALANCE
FOR THE MONTH OF OCT 2009
(Amount in Rupees)

Account Heads Weight (MT) Folio

Debit Credit
CASH IN HAND
Bank Alfalah Ltd # 01005042 B-01 7,782
BOP A/C # 000730002 B-15 6,067,597
BOP A/C # 01577-0004 B-27 3,855
Cash Account D-89 62,887
RBS Bank B-38 1,047,423
MCB 1000159 B-29 1,025
TOTAL 7,190,569 -

RECEIVEABLES
Muhammad Hussain & Sons P-25 10,500
Aziz Textile Fsd P-01 5,525
Akbar Resorts P-153 151,210
BRM Unit 1 P-164 5,089,329
Haji Fazal Hussain P-215 61,360
Haji Lal Din P-219 36,976
Karim Aziz Industries P-233 39,840
Karim Aziz Malik P-231 29,110
Mushtaq Ahmad P-245 1,482,509
Mat Cast Pvt Ltd P-243 52,435

Farooq Aziz & Brothers P-198 719,947

Tariq Mehmood G ujrat P-47 500,000
Haji Habib Ullah P-221 91,926
Passco P-259 583,920
S.B.Feeds P-269 142
VIP Store Rwp P-273 2,450
Farooq Aziz Malik P-203 150,000
Bilal Malik P-173 190,000
Goralla Land Legal Fee P-209 66,470
Kashif Dal Factory P-177 40
Afzal Mehmood P-151 14,600
Malik Nasir P-241 100,000
TOTAL 9,378,289

Page 1
 Account Heads Weight (MT) Folio
Debit Credit
ADVANCES GENERAL
A R Contractor A-04 63
Abdul Majid A-03 400
Andlep Contractor A-5 5,444
Fayyaz Ahmad Masson A-29 600
Ghulam Mustafa Contractor A-35 181
Hafeez-ur-rehman A-43 4,500
Ibrar Hussain Shah A-53 1,100
M Arshad Contractor A-67 118
M Iqbal Masson A-49
Manoor Ahmad
Naveed Ali Bhatti A-83 1,000
Pervaiz Iqbal Butt A-91
Yousaf Contractor A-143 100,000
Mushtaq Painter A-70
Nasir Ali Butt A-81 100

TOTAL 102,500 11,006

ADVANCES TO STAFF:
Alif Gul A-06 1,084
Afzal Shahid A-31 40,000
Azeem A-02 500
Arsalan Haider A-1 1,000
Hamid Ali Butt A-41 1,084
Khurram Sohail A-57 750
M Ashraf Dogar A-63 4,085
Akhtar Plinthwala A-11 6,000
M Ijaz A-65 1,557
M Munir A-69 1,084
M Nadeem A-71 5,085
Dost Muhammad A-17 2,084
M Razzaq Store Man A-73 3,000
Majeed Maish A-65
Nisar Ahmad A-77 1,084
Nadeem S G A-79 700
Rizwan Manzoor A-97

Page 2
 Account Heads Weight (MT) Folio
Debit Credit
Rub Nawaz Cook A-105 4,584
Shabbir Hussain Driver A-115 4,500
M. Javed S/G A-59 1,084
Shahid Hameed A-111 1,406
Sohail Sultan A-117 1,000
Zareef S / G A-153
Mamoor khan A-66 2,000
M. Sheraz S/G A-119 1,084
TOTAL 84,755 -
FIXED ASSETS
Additional Building Work L-01 2,727,733
Furnitur,Fixture & Fitting A/C L-11 386,155
Generator L-13 927,000
New Machinery A/C L-15 751,172
NW-69 L-17 879,288
Tractor Trolly- GTG-8786 L-19 494,000

TOTAL 6,165,348 -
FIXED INVESTMENT (FSL)
FSL Steel Adjustment (Investment) P-207 30,687,355

TOTAL 30,687,355 -
STORE SUPPLIES PACKING
Jute Bags L-103 112,611
Store Supplies Packing
Jute Bags Issue To Party L-122 277,800

TOTAL 112,611 277,800

STOCK IN TRADE (OPENING)
Rice 3,731,806
Others 2,843,963

TOTAL 6,575,769 -
PURCHASES (RAW & PADDY) Weight (MT)
Paddy Supra 569.795 PP-33 9,643,815

Page 3
 Account Heads Weight (MT) Folio
Debit Credit
Paddy Super Fine 54.255 PP-35 775,761
Pddy 1121 Indian 10.400 PP-37 191,056
Rice 1 Basmati
Stell Bars 28.040 PP-41 1,603,810
Black Grams

TOTAL 662.490 12,214,442 -

DIRECT EXPENSES
Carriage on Paddy L-54 374,475
Paddy Rice Control A/C L-147 124,164
Carriage on Rice

TOTAL 498,639 -
INDIRECT EXPENSES
Animal Exp, L-22 113,184
Bank Charges ac L-28 9,152
Bardana Repairing L-31 88,989
Car Running Ky 69 l-41 38,392
Carriage General L-49 14,805
Cleaning Material L-33
Commission on Steel L-61 2,000
Donations L-79 390,980
Electricity Bills L-85 189,362
Excise & Taxation L-87 2,100
Fumugation L-121
IDL 8612 L-48 36,594
Khattam Sharif L-107 60,332
Kitchen Expense L-113 211,117
Marketing Expense L-
Markup On Paddy L-
Mosque A/C l-115 18,046
News Papers & Periodicals L-131 23,407
NW 69 L-45 103,129
Others Charges (Passco) L-97
Plant & Machinery Store L-135 643,729
Plinth Repair & Maintinance L-141
Postage & Couriers L-143 10,226

Page 4
 Account Heads Weight (MT) Folio
Debit Credit
Printing & Staionery L-145 24,853
Salaries Expense L-151 1,175,646
Social Security
Staff Medical Expense L-157 6,379
Staff Travelling L-165 9,368
Steel Labour Exp. l-39 12,280
Store Purchases L-171 204,090
Sui Gas Bills L-183 45,720
Telephone & Mobile Bills L-195 60,200
1
2
3
4
5
6
TOTAL 3,494,080 -

Page 5
 Account Heads Weight (MT) Folio
Debit Credit
CURRENT LIABILITIES (PADDY & RICE)
Awan & Co P-05 62
Ch. Abdul Ghaffar P-09 56
Hafiz Irshad Ahmad P-37 79,302
Faisal Rice Traders P-59 11,322
Hafiz Rehmat & Sons P-31 983,099
Iqbal & Brothers P-49 2,424,253
Malik Afzal & Co P-33
Malik Shoukat P-39 12,000
Rao Yasin Phularwan P-92 1,481,607
Riaz Tanveer & Co P-93 418,355
Sajjad & Co Murikdee P-101 170
M. Sarfraz P-87 151,962
Tahir Mansoor P-29 15,645
Haji Gul Zaman p-89 38,385
Rajput Traders P-95 263,051
TOTAL 12,000 5,867,269
CURRENT LIABILITIES (OTHERS)
Ibl Boiler (Pvt.) Ltd. P-227
Azhar Hussain Sadiwal P-03 2,484
Bemgal Machinery Store P-07 9,936
Decent Electric Store P-11 54,387
Ibl Boiler (Pvt.) Ltd. P-227 54,700
Fazal steel P-17 55,901
Fazal steel Steel A/C P-19 1,444,674
Khalid Paint Store P-63 1,960
Malik Abdul Jabar Gujranwala P-241 1,410
Munir & Sons Gujranwala P-73 71,657
Sardar A/c P-97 5,481
Tractor Trolly P-103 417,028
M. Afzaal P-75 272,000
Watan Commission Shop P-117 663
Saif Chemicals Lahore P-99 10,000
M.Sardar Malakwal P-77 1,278,428
TOTAL - 3,680,709
LONG TERM LIABILITY (FSL)
Fazal Steel (Activate) P-21 21,791,855

Page 6
 Account Heads Weight (MT) Folio
Debit Credit

TOTAL - 21,791,855
ACCRUED EXPENSES
Income Tax Payable Salaries L-89 991
Accured Payables (Salaries) L-26 253,729

TOTAL - 254,720
SALES-FININSHED GOODS Weight (MT)
SWR New 75.170 S-23 4,436,661
Brown Rice
Supra S-04

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

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

TOTAL - 7,515,566
SALES - BI PRODUCTS Weight (MT)
R2
B1 4.285 S-21 81,415
B2
B3
Polish (Bran)
Dust
Husk 17.86 S-22 41,972

TOTAL 22.145 - 123,387

OTHER RECEIPTS & REVENUES
Other Incomes
Trading A/C P-109 428,400

TOTAL - 428,400
Appropriate P & L L-275 36,592,967
Trial Difference 27,322
193
TOTAL 27,322 36,592,967

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

Page 7
Account Heads Weight (MT) Folio
Debit Credit

Page 8
 BARKAT RICE MILLS - GUJRAT UNIT
Profit & Loss Account
FOR THE MONTH OF OCT 2009

Total Value Average

PARTICULARS Qty M. T 40 Kg
Rs. Value Rs.

SALES Finished Goods

SWR 75.170 4,436,661 59,022 2,361
Supra - 0 #DIV/0! #DIV/0!
-
Total Raw Sales 75.170 4,436,661 59,022 2,361
Bi Product :
B1 4.285 81,415 19,000 760
B 111 - 0 #DIV/0! #DIV/0!
Bran Rice - 0 #DIV/0! #DIV/0!
Husk 17.860 41,972 2,350 94
R2 - 0 #DIV/0! #DIV/0!
Total Bi Product Sales 22.145 123,387 5,572 223
-
Net Sales 97.315 4,560,048 46,859 1,874

COST OF SALES
Opening Stock (Raw -Paddy) 73.140 3,731,806 51,023
Add: Paddy Supra 569.795 9,643,815 16,925 677
Paddy Super White Rice 54.255 775,761 14,298 572
S.W.Rice (New) 10.400 191,056 18,371 735
R-1 0.000 0 #DIV/0! #DIV/0!
-
Carriage on Paddy 374,475 6,902 276
Paddy Rice Control 124,164 175 7
Carriage on Rice 0 - -
Stock Available for Use 707.590 14,841,077 20,974 839

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

Stock Consumed / Sold 97.315 4,412,019

Add: Direct Expenses

0
Less: Moisture Loss+ Husk used in Production
 Total Value Average
PARTICULARS Qty M. T 40 Kg
Rs. Value Rs.

Total Manufaturing Cost 4,412,019

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

Stock Available for Sale 4,412,019

Less 0
0
0

Cost of Goods Sold 4,412,019

Less: Expenses

Animal Exp, 113,184

Bank Charges ac 9,152
Bardana Repairing 88,989
Car Running Ky 69 38,392
Carriage General 14,805
Cleaning Material -
Commission on Steel 2,000
Donations 390,980
Electricity Bills 189,362
Excise & Taxation 2,100
Fumugation -
IDL 8612 36,594
Khattam Sharif 60,332
Kitchen Expense 211,117
Marketing Expense -
Markup On Paddy -
Mosque A/C 18,046
News Papers & Periodicals 23,407
NW 69 103,129
Others Charges (Passco) -
Plant & Machinery Store 643,729
Plinth Repair & Maintinance -
Postage & Couriers 10,226
Printing & Staionery 24,853
Salaries Expense 1,175,646
Social Security -
Staff Medical Expense 6,379
 Total Value Average
PARTICULARS Qty M. T 40 Kg
Rs. Value Rs.

Staff Travelling 9,368

Steel Labour Exp. 12,280
Store Purchases 204,090
Sui Gas Bills 45,720
Telephone & Mobile Bills 60,200
1 -
2 -
3 -
4 -
5 -
6 -

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

Add Other Income 428,400 on raw

T. B Difference Adjusted (27,322)

(27,322)

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

 BARKAT RICE MILLS - GUJRAT UNIT
Profit & Loss Account - Others
FTM <<<<<<<<<< 2009

Total Value Average

PARTICULARS Qty M. T 40 Kg
Rs. Value Rs.

SALES
Black Grams 60.523 1,972,226
Steel Bars 18.835 1,106,679
Total Sales 79.358 3,078,905

COST OF SALES
Opening Black Grams 60.523 2,064,463
Opening Steel Bars 13.500 779,500
Purchases - 0
Add: Black Grams 0.000 0 #DIV/0! #DIV/0!
Steel Bars 28.040 1,603,810 57,197 2,288
Purchasing Expenes 0 - -
0 -
Stock Available for Use 102.063 4,447,773 43,579 1,743

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

Less:
Closing Stock of Black Grams - 0 34,110

Cost of Goods Sold 79.358 3,145,074

Gains / (Losses) (66,169)

 BRM-GUJRAT

October ' 2009

Cash in Hand + Banks 7,190,569

Receivables 9,378,289
Advances General 91,494
Advances-Staff 84,755
Store Supplies (Jute) (165,189)
Stock in Trade - (Rice + Bi Products) 10,429,058
Stock in Trade - Steel & Black Graims 1,302,699
Current Assets 28,311,676

Current Liabilities -Against Paddy 5,855,269

Current Liabilities -Against Others 3,680,709
Accrued Expenses 254,720
Current Liabilities 9,790,698

Net Working Capital 18,520,978

Fixed Assets 6,165,348

FSL Steel Investment (Infracture) 30,687,355

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

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

ALLOCATION OF NET PROFIT / ( LOSS ):

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

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

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

Total Proift 33,581,826
 BARKAT RICE MILLS - GUJRAT
BALANCE SHEET
October , 2009

ACCOUNT TITLE DR. CR.

Cash In Hands 7,190,569

Receivables 9,378,289

Advances - General 91,494

Advances - Staff 84,755

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

Stock in Trade - Steel Bars 1,302,699

Store Supplies Jute Bags - 165,189

Current LIabilities - Rice & Paddy 5,855,269

Current Liabilities - Others - 3,680,709

Accured Expenses 254,720

TOTAL 28,311,676 9,790,698

Working Capital 18,520,978

Fixed Assets 6,165,348 -

FSL Investment 30,687,355

Long Term Liability - FSL Steel 21,791,855

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

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

Profit Upto 30 June 2009 36,592,967

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

DIFFERENCE: -
 Barkat Rice Mills (Pvt.) Ltd. (Gujrat)
CLOSING STOCK
October 2009

BAG RATE/
VARIETY BAGS WEIGHT AMOUNT
WEIGHT 40KG

SWR NEW 0 - 2,150 -

0 - -
0 - -
R-1 0 - 2,770 -
0 - -
Paddy Supra 5,698 100 569,795 677 9,643,780
Paddy Super 543 100 54,255 572 775,847
B-1 100 - 1,200 -
B-1 50 - 750 -
B - 1SUPRA 50 - 700 -
B - III 3 100 290 525 3,806
B - III 50 - -
- -
POLISH 20 50 1,000 225 5,625

G. Total 625,340 10,429,058

 BARKAT RICE MILLS GUJRAT
TRADING, PROFIT & LOSS ACCOUNT
October 2009

SALES 4,560,048

PURCHASES 14,841,077
EXPENSES 3,093,002
LESS CLOSING STOCK (10,429,058)

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

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