SRI JAYA FINANCE & INVESTMENTS PRIVATE LIMITED

151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017

NOTICE TO THE SHARE HOLDERS

Notice is hereby given that the Annual General Meeting of the Company will
be held at151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017
On Friday, the 29
th
SEPTEMBER 2006 at 11 A.M. to transact the following
businesses

Ordinary Business-

1. To receive, consider and adopt the Audited Balance Sheet of the Company as at
31
st
March, 2006 and Profit and Loss Account and the reports of Directors and
Auditors thereon.

2. To appoint Auditors and to authorise the Board to fix their remuneration.


Place: Chennai By Order of the Board
Date 02.09.2006
SRI JAYA FINANCE & INVESTMENTS
PRIVATE LIMITED

Sd/-
DIRECTOR



Note :-


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 such proxy need not be a
member of the company.


2. Pursuant to Article No.10 of the Articles of Association of the Company
Explanatory Statement is not required.










SRI JAYA FINANCE & INVESTMENTS PRIVATE LIMITED
151, MAMBALAM HIGH ROAD,T NAGAR, CH-600017

DIRECTORS REPORT

To
The Members,

Your directors have pleasure in presenting the Annual Report of the
Company together with audited accounts for the financial year ended 31
st

March 2006.

OPERATIONS :
The Company incurred a loss 0f Rs.36,186/- for the year

BUSINESS PROSPECTS :

Your directors are hopeful of a better performance in the coming year.

PARTICULARS OF EMPLOYEES:

As the provisions pursuant to Section 217 (2A) and Section 217 (1)(e) of
the companies Act,1956 , are not attracted to your Company , the
Statutory Reports to be annexed in accordance with the aforesaid
sections have been dispensed with.

PARTICULARS OF TECHNOLOGY ABSORPTION, ENERGY
CONSERVATION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Your Directors Report that your Company neither has any activities relating
to conservation of Energy and Technology absorption nor has any Foreign
Exchange earnings and outgo during the year under review.




DIRECTORS RESPONSIBILITY STATEMENT:-

Pursuant to the provisions of Section 217 (2AA) of the Companies Act, 1956
your Directors report as under :

a) That in the preparation of the annual accounts, the applicable
Accounting Standards had been followed and there was no material
departures from the same.

b) That they had selected such accounting polices and applied them
consistently and made judgements and estimates that are
reasonable and prudent so as to give a true and fair view of the
Profit of the company at the end of the financial year.

c) That they had taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions
of the Companies Act for safeguarding the assets of the company
and for preventing and detecting fraud and other irregularities.

d) The Directors had prepared the annual accounts on Going Concern
basis.


AUDITORS :

V.Dasaraty, Chartered Accountant, Chennai is eligible for reappointment.
The Board recommends his re-appointment for the next financial year.

ACKNOWLEDGEMENT :

Your Directors wish to express their sincere thanks and gratitude for the
guidance and co-operation extended by the Members and Employees of the
Company and Bankers.

SRI JAYA FINANCE &
INVESTMENTSPRIVATELIMITED


Place :CHENNAI Sd/-
Date 02.09.2006 DIRECTOR




VENKATESH & CO SRI RANGA
CHARTERED ACCOUNTANTS 151,Mambalam High Road,
T.Nagar,Chennai-600 017.
Telefax:2814 4763/64/65/66
Email: venkateshandco@gmail.com


AUDITORS REPORT TO THE MEMBERS
OF SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED


(1) I have audited the attached Balance Sheet and Profit and Loss account of SRI
JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED as at 31
st
March 2006.
These financial statements are the responsibility of the Companys management.
My responsibility is to express an opinion on these financial statements based on my
audit.

(2) I conducted my audit in accordance with auditing standards generally accepted in
India. Those standards require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatements. An audit includes, examining on a test basis, evidence supporting
the amounts and disclosures in the financial statement, assessing the accounting
principles used in the preparation of financial statements, assessing significant
estimates made by management in the preparation of financial statements and
evaluating the overall financial statement presentation. I believe that my audit
provides a reasonable basis for my opinion.

(3)The Companies (Auditors Report) Order , 2003 issued by the Company Law
Board in terms of Section 227 (4A) of the Companies Act, 1956,is not applicable for
this year.

Further to my comments referred to in paragraph 3 above, I state that:

a) I have obtained all the information and explanations which to the best of
my knowledge and belief were necessary for the purpose of my audit.

b) In my opinion, proper books of account as required by law have been kept
by the Company so far as appears from my examination of such books.

c) The Balance Sheet and Profit and Loss account referred to in this report is
in agreement with the books of account.

d) In my opinion, the Balance Sheet comply with the Accounting Standards
referred to in Subsection (3C) of Section 211 of the Companies Act, 1956.

e) On the basis of written representation received from the directors, and
taken on record by the Board of Directors, I report that none of the
directors is disqualified as on 31
st
March 2006 from being appointed as a
director in terms of clause (g) of subsection (1) of section 274 of the
Companies Act, 1956.


VENKATESH & CO SRI RANGA
CHARTERED ACCOUNTANTS 151,Mambalam High Road,
T.Nagar,Chennai-600 017.
Telefax:2814 4763/64/65/66
Email: venkateshandco@gmail.com







f) The Company is not registered with the Reserve Bank of India as required
under Section 45IA of the Reserve Bank of India Act, 1934.

g) In my opinion and to the best of my information and according to the
explanations given to me, the said Balance Sheet read together with the
other notes and accounting policies give the information required by the
Companies Act 1956, in the manner so required and give a true and fair
view in conformity with the accounting principles accepted in India:


(i) in so far as it relates to the Balance Sheet, of the state of
affairs of the Company as at 31
st
March 2006.

(ii) in so far as it relates to the Profit and Loss account of the
loss of the company for the year ended 31
st
March 2006.




Sd/-
Place: Chennai V.DASARATY
Date : 2-09-06 CHARTERED ACCOUNTANT
PARTICULARS SCH. 31.03.2006 31.03.2005
A. SOURCE OF FUNDS
Share Capital A 100,000 100,000
Share Application Money - Pending Allotment B 86,860,000 72,860,000
Loan Creditors C 2,165,000 -
TOTAL 89,125,000 72,960,000
B. APPLICATION OF FUNDS
Advance for Land 2,800,000 -
Advance for Investments C 54,225,000 36,400,000
CURRENT ASSETS ( i )
Balance with schedule bank on Current account D 11,701,414 246,470
Cash in Hand 86,500 86,500
Advances E 20,550,000 18,651,130
32,337,914 18,984,100
CURRENT LIABILITIES AND PROVISIONS ( ii )
Sundry Creditors 300,000 300,000
Out Standing Expenses 23,690 23,690
323,690 323,690
NET CURRENT ASSETS ( i ) - ( ii ) 32,014,224 18,660,410
MISCELLANEOUS EXPENDITURE TO THE EXTENT
NOT WRITTEN OFF OR ADJUSTED
Preliminary Expenses 5,240 5,240
PROFIT AND LOSS ACCOUNT - DR BALANCE
Opening Balance 44,350 42,150
Add :- Loss for the year 36,186 2,200
80,536 44,350
TOTAL 89,125,000 55,110,000
NOTES ON ACCOUNTS F
AS PER MY REPORT
Sd/-
PLACE :- Chennai V.DASARATY
DATE :-2-09-06 CHARTERED ACCOUNTANT
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
BALANCE SHEET AS AT 31st MARCH, 2006
(Amount in Rupees)
31.03.2006 31.03.2005
RS. RS.
Schedule - A
SHARE CAPITAL
AUTHORISED CAPITAL
50000 Equity Shares of Rs.100/- each 5,000,000 5,000,000
ISSUED, SUBSCRIBED & PAID UP
CAPITAL
1000 Equity Shares of Rs.100/-
each Fully Paid 100,000 100,000
TOTAL 100,000 100,000
Schedule - B
SHARE APPLICATION MONEY
PENDING ALLOTMENT
Dr.Namathu MGR 26,750,000 22,750,000
Jaya Printers 8,800,000 8,800,000
J. Farm House 3,500,000 3,500,000
Shri Jaya Publications 47,800,000 37,800,000
Sivakumar 10,000 10,000
TOTAL 86,860,000 72,860,000
Schedule - C
LOAN CREDITORS
CURIO AUTO MARK (P) LTD 2,000,000 -
Lex Property Developers 165,000 -
TOTAL 2,165,000 -
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT &
LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006
PARTICULARS
31.03.2006 31.03.2005
RS. RS.
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT &
LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006
PARTICULARS
Schedule - D
ADVANCE FOR INVESTMENTS
Fancy Transports Private Limited 30,725,000 36,400,000
Sri Hari Chandana Estates ( Private ) Limited 22,900,000 17,200,000
Signet Exports Private Ltd 600,000 600,000
TOTAL 54,225,000 36,400,000
Schedule - E
ADVANCES
Bharani Resorts 14,300,000 14,300,000
Maruthi transports pvt ltd 3,550,000 4,351,130
Cottage field resorts pvt ltd 2,500,000 -
Idhayam homes & builders 200,000 -
TOTAL 20,550,000 18,651,130
Schedule - D
CASH AT BANK
Canara Bank 11,651,414 196,470
ICICI Bank 50,000 50,000
TOTAL 11,701,414 246,470
Schedule - F
ADMINISTRATION EXPENSES
Bank Charges - -
ROC Charges 26,186 -
Audit Fees 10,000 -
Printing & stationery - 2,200
TOTAL 36,186 2,200
31.03.2006 31.03.2005
RS. RS.
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
SCHEDULES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AND PROFIT &
LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2006
PARTICULARS
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
Schedule - F
Notes on Accounts
The Company follows Merchantile system of Accounting for all items of Income &
Expenditure
As per Part IV to Schedule VI to the Companies Act, 1956.
I. REGISTRATION DETAILS
Registration No. 2 8 5 3 5 STATE CODE 1 8
Balance Sheet Date 3 1 0 3 2 0 0 6
Date Month Year
II. CAPITAL RAISED DURING THE YEAR (Amount in 000's)
PUBLIC ISSUE RIGHTS ISSUE
N I L N I L
BONUS ISSUE PRIVATE PLACEMENT
N I L N I L
III. POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS
TOTAL LIABILITIES TOTAL ASSETS
8 9 1 2 5 8 9 1 2 5
SOURCE OF FUNDS
PAID UP CAPITAL PENDING ALLOTMENT RESERVE & SURPLUS
1 0 0 8 6 8 6 0 N I L
UNSECURED LOANS
2 1 6 5
APPLICATION OF FUNDS
Advance for land ADVANCE FOR INVESTMENTS
2 8 0 0 5 4 2 2 5
NET CURRENT ASSETS MISCELLANEOUS EXPENSES
3 2 0 1 4 0 5
ACCUMULATED LOSSES
8 0
SRI JAYA FINANCE AND INVESTMENTS PRIVATE LIMITED
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE
IV.
TURNOVER TOTAL EXPENDITURE
N I L 3 6
+ -- PROFIT BEFORE TAX + -- PROFIT AFTER TAX
-- 3 6 -- 3 6
EARNINGS PER SHARE (ANNUALISED) IN RS. DIVIDEND RATE
(-) . 3 . 6 N I L
V. GENERIC NAMESOF THE THREE PRINCIPAL PRODUCTS / SERVICES OF COMPANY
A) ITEM CODE NO. (ITC CODE) N A
PRODUCT DESCRIPTION N A
B) ITEM CODE NO. (ITC CODE) N I L
PRODUCT DESCRIPTION N A
PLACE : CHENNAI
DATE :2-09-06 DIRECTOR DIRECTOR
PERFORMANCE OF THE COMPANY