PROFIT AND LOSS ACCOUNT

FOR THE PERIOD FORM JULY-2005 TO JUNE-2006

AMOUNT
SALE 24,299,075.0
LESS COST OF GOODS SOLD 17,170,221.0
Gross Profit 7,128,854.0

ADMINISTRATIVE EXPENSES
Staff Salaries 113,210.0
Office Rent 180,000.0
Utilities 294,816.0
Vehicle Running & Maintenance 129,454.0
Entertainment 29,210.0
News paper & periodicals 2,612.0
Repair & Maintenance 1,954.0
Miscellaneous 915.0
752,171.0

Net profit for the period carried forward to the balance sheet 6,376,683.0
 MAHASA PAKISTAN
BALANCE SHEET AS AT JUNE 30, 2006.

AMOUNT
CAPITAL AND LIABILITIES (RUPEES)
CAPITAL 2,936,439.00
Add: Profit for the period 6,376,683.00
Capital introduced 7,400,000.00
16,713,122.00
Less : Drawing during the period (500,000.00) 16,213,122.00

16,213,122.00

PROPERTY AND ASSETS

FIXED ASSETS - at cost
Office Equipment 's 180,517.00
Furniture & Fixture 105,751.00
Land & Building 5,000,000.00
Total 5,286,268.00

CURRENT ASSETS
Stock in trade 6,208,841.00
Accounts Receivables 4,455,771.00
Cash & Bank Balance 262,242.00
Total 10,926,854.00

16,213,122.00
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 M/S MAHASA PAKISTAN
Progress Report of Existing Projects in Hand
Rs. in million
Payment received
STARTING Completion %of Work
NAME OF PROJECT PROJECT COST Against work Pending Bill
DATE DATE Completed
completed

ERICSSION EQUIPMENT 1994572 18/11/06 17/04/07 100.00% 1.99

SDH EQUIPMENT 3584000 02/06/06 15/04/07 60.00% 3.58

FAST INVESTMENT 10521900 Immediate 16/12/07 10.52

LOGICAL EXCHANGE 7200000 RUNNING RUNNING 7.2

ALCATEL SPARES 4690000 26/02/07 31/06/07 4.69

CODAN RADIO'S 125W, 500W, 1KW 8928000 03/03/07 31/06/07 8.92

U-Fone ( WRI Project ) 6100000 Feb-07 RUNNING 6

TOTAL 42.9

_________________________________
Authorized Signature