Mugneeram Bangur Memorial Engineering College Alumni 
Association

Chronology of Office Bearers

BALIA CHOUDHARY & CO.
CHARTERED ACCOUNTANTS
FORM No. 10B
See rule 17B]


AUDIT REPORT UNDER SECTION 12A(b) OF THE INCOME‑TAX ACT, 1961, IN THE CASE OF RELIGIOUS TRUSTS OR INSTITUTIONS.

We have examined the Balance Sheet of M.B.M. ENGINEERING COLLEGE ALUMNI ASSOCIATION, JODHPUR as at 31.03.2003 and the Income and Expenditure Account for the year ended on that date which are in agreement with the books of account maintained by the said trust.

We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of the audit. In our opinion, proper books of account have been kept by the above named institution so far as appears from our examination of the books.

In our opinion and to the best of our information, and according to information given to us, the said accounts give a true and fair view
(i) in the case of the Balance Sheet, of the state of affairs of the above named Institution as at 31.03.2003.
And;
(ii) in the case of the Income and Expenditure Account, of the DEFICIT of its Accounting year ending on
31.03.2003.
The prescribed particulars are annexed hereto.

BALANCE SHEET AS AT 31st MARCH, 2003
Liabilities
Schedule.
Amount Rs.
Assets
Schedule
Amount Rs.
CORPUS
FIXED ASSETS
'D'
571490.32
CAPITALFUND
'A'
1982673.85
MEMBERSHIPFUND
'B'
1127032.00
INVESTMENTS
SCHOLARSHIPFUND
'C'
938474.15
FIXED DEPOSITS
F.D. With B.O.B. 3022666.00
ED. With S.B.B.J. 112429.00
F.D. With O.B.C. 15012.00
3150107.00
ACCRUED INTEREST
162096.84
CASH & BANK BALANCES
Cash in Hand
845.00
Bank of Baroda Saving A/c
94150.75
State Bank of India
6624‑00
OTHER CURRENT ASSETS
Security Deposit
'E'
1550.00
T.D.S. (I.T.)
'F'
18130.00
GENERAL FUND
Current year Deficit 57540.57
Less:- Opeaning balance General Fund 14354.48
43186.09
TOTAL
4048180.00
TOTAL
4048180.00

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2003

Expenditure
Amount Rs.
Income
Amount Rs.
To Silver Jubilee (1977) Program Exp.
136712.00
By Bank Commission
3674.50
To Annual Report Expenses
29750.00
By Contribution
10000.00
To Account Maintenance Exp.
12000.00
By Endowment Fund
93126.00
To Audit Fees .
2100.00
By F.D.R. Interest (B.O.B.)
207406.00
To Bonus to Staff
825.00
By F.D.R. Interest (B.O.B.)
1527.00
To Building Maintenance Exp.
1650
By F.D.R. Interest (B.B.J.)
12220.93
To Conveyance Exp.
437.00
By Interest on S.B. A/c
20228.00
To Electricity Expenses
11785.00
By Interest on Post Office A/c
136.00
To Garden Expenses
12653.00
By Ordinary Membership
55800.00
To General Expenses
479.00
By Registration (1977) Batch
33500.00
To Interest
990.00
By Registration Fee
1200.00
To Photo Copy Expenses
3084.00
By Sale of Directory
10070.00
To Meeting Expenses
981.00
By Souvenir Advertisement
42500.00
To New Letter Expenses
7465.00
By Souvenir Advertisement (1977)
99001.00
To Office Expenses
6730.00
By Excess of Expenditure over Income
57540.57
To News Paper Expenses
130.00
To Postage & Courier Expenses
35240.00
To Publicity Expenses
3350.00
To Repairs & Maintanance
85.00
To Salary
65050.00
To Scholarship Expenses
50000.00
To Souvienir Publication Exp.
228238.00
To Staff Welfare
1263.00
To Stationary & Printing Expenses
14827.00
To Telephone Expenses
11908.00
To Water Expenses
1698.00
To Website Expenses
8500.00
Total
647930.00
Total
647930.00

SCHEDULE 'A'
CAPITAL FUND (CORPUS)
for the year ended 31st March, 2003

Particulars
Amount Rs.
Particulars
Amount Rs.
To Scholarshil Fund
45000.00
By Balance b/d
1619673.85
(Association Scholarship)
By Voluntary Contribution
387000.00
To Balance c/d
1982673.85
towards Corpus recived
during the year
1974 Batch 175000.00
1975 Batch 150000.00
R.K. Pitti 175000.00
L.S. Vardhan 51000.00
By Scholarshil Fund
21000.00
(Prof. K.N. Chary)
Total
2027673.85
Total
2027673.85

SCHEDULE 'B'
MEMBERSHIP FUND (CORPUS)
for the year ended 31st March, 2003

Particulars
Amount Rs.
Old Balance Transfered from Capital Fund (Corpus)
(i) Life Membership Fee
725571.00
(ii) Fellow Membership Fee
100001.00
(iii) Patron Membership Fee
246640.00
1072212.00
ADD:- Recived during last year
(i) Life Membership Fee
39820.00
(ii) Fellow Membership Fee
15000.00
54820.00
Total
1127032.00

SCHEDULE 'C'
SCHOLARSHIP FUND (CORPUS)

Particulars
Amount Rs.
Particulars
Amount Rs.
To Capital Fund
21000.00
By Balance b/d
605474.15
(Prof. K.N. Chary)
By Capital Fund
45000.00
To Balance c/d
938474.15
(Alumni Assocation)
By Jecoba Delhi
59000.00
By Shiv Pratap Mathur Charitable Trust
250000.00
Total
959474.15
Total
959474.15

SCHEDULE 'D'
FIXED ASSETS AS AT 31ST MARCH, 2003

S.NO.
Particulars of Assets
Cost as on 01.04.2002.
Addition during the ear deduction during the year
Cost as on 31.03.2003
1.
BULDING
465877.32
------
-------
465877.32
2.
FURNITURE & FIXTURES
20830.00
16000.00
-------
36830.00
3.
COMPUTER
57220.00
-------
-------
57220.00
4.
OFFICE EQUIPEMENTS
9450.00
315.00
-------
9765.00
5.
GARDAN EQUIOMENTS
-------
1798.00
-------
1798.00
Total
553377.32
18113.00
-------
571490.32

SCHEDULE 'E'
OTHER CURRENT ASSETS

Particulars
Amount Rs.
1. Baharat Sanchar Nigam Ltd. (Telephone Security)
750.00
2 . Indian Oil Corpration (Gas Connection)
800.00
Total
1550.00

SCHEDULE 'E'
OTHER CURRENT ASSETS

Tax Deducted at Source (I.T.)
Particulars
Amount Rs.
1.Opeaning Balance
3570
Add: - RID 5634
2348.00
Add: - RID 045641
536.00
Add: - RID 05182
8345.00
Add: - RID 04459
3331.00
14560.00
Total
18130.00

SCHEDULE G

NOTES ON ACCOUNTS:-
Forming part of the accounts for the year ended 31st March, 2003.

(1) ACCOUNTING POLICIES:
(a) The financial statements are prepared on the accounting principles of a going concern and on accrual basis.
(b) Fixed Assets are stated at historical cost.

(2) Membership Fund (Corpus) includes Patron, Fellow and Life Membership Fee.
(3) The Association is a Charitable Organisation established and operating to promote and facilities education and research in the
various branches of Engineering for the benefit of society in general and particular to Engineering Society and therefore its
income is not chargeable to Income Tax under the provisions of the Income Tax Act, 1961
As per our Report annexed
For BALIA CHOUDHARY & COMPANY
For M.B.M ENGINEERING COLLEGE ALLUMNI ASSOCIATION Chartered Accountants

sd\‑ sd\‑ sd\‑ sd\­
(R.K. AGARWAL) (SOHAN BHOOTRA (S.K. DUGGAR) (RAKESH BALIA)
President Secretary Treasurer Partner
Place Jodhpur
Date 25.07.2003