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Notes to Accounts of Adarsh Plant Protect Ltd.

Mar 31, 2015

NOTE 1 CORPORATE INFORMATION

Adarsh Plant Protect Limited is a Public Company domiciled in India and incorporated under the Companies Act, 1956. Its shares are listed in Bombay Stock Exchange in India. The Company is engaged in manufacturing and selling of agricultural sprayer pumps & spare parts, seed dressing drums & trading of merchandise, barrels, drip irrigation equipments & parts. The products of the Company are generally sold in domestic markets.

NOTE Share Capital

a. Rights, preferences and restrictions:

i. The Company has only one class of shares referred to as equity shares having par value of ' 10. Each holder of equity shares is entitled to one vote per share.

ii. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

NOTE 3 EARNING PER SHARE

The company has incurred loss during the current year and previous year, hence no Earning Per Share is calculated.

NOTE 4 DETAILS OF DUE TO MICRO AND SMALL ENTERPRISES AS DEFINED UNDER MSMED ACT, 2006

Sundry Creditors includes Rs. 17,55,364/- (previous year - NIL), being the total outstanding dues from Small Scale Industrial Undertakings. However, there are no dues outstanding for more than 45 days.

NOTE 5 CONTINGENT LIABILITY & COMMITMENTS

Contingent Liabilities

Particulars 31032015 31.03.2014 Amount (Rs.) Amount (Rs.)

Bank Guarantee issued by Bank of Baroda V V Nagar Branch as 100,000 100,000 Performance Guarantee to Rajasthan State Agro Industries Development Corporation, Jaipur. 100,000 100,000

Commitments

(i) Related to Contracts - Nil

(ii) Other Commitments - Nil

NOTE 6 RELATED PARTY DISCLOSURES

As per Accounting Standard 18, disclosures of transactions with the related parties as defined in Accounting Standard are given below:

(A) Relationships:

(a) Key Management Personnel

Shri Naishadhbhai N. Patel Director

Shri Atish N. Patel Managing Director

Shri Shantidutt J. parmar chief Financial Officer

Ms. Devangi Zinzuvaliya Company Secretary

(B) Relatives of Key Management Personnel and their enterprises, where transactions have taken place:

Name Relationship

Mini Sarvodyog Sira Partners are Directors

Adarsh Renewable Energy tech Ltd. Common Directors

Anjars Harihar Engg. Pvt Ltd Common Directors

Nas Packaging Pvt. Ltd. Common Directors

Nippon Appliance Pvt. Ltd. Common Directors

NOTE 7 Provision for Taxation is not required to be made in view of carried forward losses.

NOTE 8

The Company has not recognized the Deferred Tax Assets as carried forward losses are significant and NOTE 35 shall recognize the Deferred Tax Assets in succeeding years when there is certainty to have sufficient taxable income.

NOTE 9

In the opinion of the Company, all the Fixed Assets reflected in the books are carried at the book value, NOTE 36 which is higher compared to Realisable amount. Thus, there is no question of providing for Impairment of Fixed Assets.

NOTE 10

The accumulated losses have exceeded the Net Owned Fund of the Shareholders. However, the accounts NOTE 37 for the period ended 31st March, 2015 have been prepared on the basis that the Company is a going concern.

NOTE 11 The outstanding balances of Debtors, Creditors, Deposits and Loans & Advances are subject to confirmation.

NOTE 12 Previous year's figures have been regrouped wherever necessary make them comparable with those of the current year.




Mar 31, 2014

Note 1. Earnings Per Share :

The company has incurred loss during the current year and previous year, hence no Earning Per Share is calculated.

Note 2 : Details of Due to Micro and Small Enterprises as Defined under HSMED Act, 2006 Sundry Creditors includes Rs. NIL (Previous year Rs. 23,50,049/-) being the total outstanding dues of Small Scale Industries Undertaking.

Note 3 : Related Party Disclosures

As per Accounting Standard 18, disclosures ol transaction with the related parties as defined in Accounting Standard are given below:

(A) Relationships :

(a) Key Managment Personnel

Shn Naishadbhai N, Patel

ShriAtishN. Patel

|b) Relatives of Key Management Personnel &and their enterprises. Where transaction have taken place : Name Relationship

Mini Sarvoday Sira Common Directors

Adarsh Renewable Energetic Ltd. Common Directors

Nas Packaging Pvt. Ltd. Common Directors

Nippon Appliance Pvt. Ltd. Common Directors

Note : Related Party relationship is as identified by the company and relied upon by the Auditors.

NOTE 4

Provision for Taxation is not required to be made in view of carried forward losses.

NOTE 5

The Company has not recognized the Deferred Tax Assets as carried forward losses are significant and shall recognize the Deferred Tax Assets in succeeding years when there is certainty to have sufficient taxable income.

NOTE 6

In the opinion of the Company, all the Fixed Assets reflected in the books are carried at the book value, winch is higher compared to Realizable amount. Thus, there is no question of providing for Impairment of Fixed Assets,

NOTE 7

The accumulated losses have exceeded the Net Owned Fund of the Shareholders. However, the accounts for the period ended 3lsl March. 2014 have been prepared on the bass that the Company is a going concern.

NOTE 8

The outstanding balances of Creditors, Deposits and Loans & Advances are subject to confirmation.

NOTE 9 :

Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.


Mar 31, 2013

NOTE 1 CORPORATE INFORMATION

Adarsh Plant Protect Limited is a public company domiciled in India and incorporated under the Companies Act, 1956. Its shares are listed in Bombay Stock Exchange in India. The company is engaged in manufacturing and selling of agricultural sprayer pumps & spare parts, seed dressing drums & trading of merchandise, drip irrigation equipments & parts. The products of the company are generally sold in domestic markets. During the year under consideration, the company has also started production of barrels, which are also sold in domestic markets. -

NOTE 2 EARNINQ PER SHARE

The company has incurred loss during the current year and previous year, hence no Earning Per Share is calculated. NOTE 30 PETALS OF QUE TO MICRO ANP SMAU ENTERPRISES AS PEFINEP WPER MSMEPACT

Sundry Creditors includes Rs. 23,50,049/- (previous year Rs. 2,09,035/-), being the total outstanding dues of Small Scale Industrial Undertakings. The names of such undertakings are given hereunder:

Ahmadabad Strips Pvt Ltd. Chaudhary Engineering Corporation Saad Enterprises Micro Flat Detum Pvt. Ltd Bhole Industries

NOTE 3 Provision for Taxation is not required to be made in view of carried forward losses.

NOTE 4 In compliance of AS 28 on Impairment of Assets issued by Institute of Chartered Accountants of India the Company has carried out impairment review of its assets. Loss on impairment of assets charged to the P & L. A/c is Rs: NIL (previous year Rs. Nil)

NOTE 5 The outstanding balances of Creditors, Deposits and Loans & Advances are subject to confirmation.

NOTE 6 Previous year''s figures have been regrouped wherever necessary to make them comparable with those of the current year.


Mar 31, 2012

NOTE 1 CORPORATE INFORMATION

Adarsh Plant Protect Limited is a public company domiciled in India and incorporated under the Companies Act, 1956. Its shares are listed in three stock exchanges in India. The company is engaged in the manufacturing and selling of agricultural sprayer pumps & spareparts, seed dressing drums & trading of merchandise, drip irrigation equipements & parts. The products of the company are generally sold in domestic markets.

*(Bank Overdraft from Bank of Baroda V. V. Nagar is secured against hypothecation of stock, debtors and first charge over the mortgage immovable properties (plot no. 603 & 604) of Nas Packaging Pvt. Ltd as corporate guarantee for loan granted by BOB to Adarsh Plant Protect Limited.

NOTE 2 EARNING PER SHARE

The company has incurred loss during the current year and previous year, hence no Earning per share is calculated.

NOTE 3 DETAILS OF DUE TO MICRO AND SMALL ENTERPRISES AS DEFINED UNDER MSMED ACT.

Sundry Creditors includes Rs. 2,09,035/- (previous year Rs.5,30,608/-), being the total outstanding dues of Small Scale industrial Undertakings. The names of such undertakings are given hereunder:

Ahmedabad Strips Pvt Ltd.

Chaudhary Engineering Corporation Saad Enterprises Micro Flat Detum Pvt. Ltd Bhole Industries

NOTE 4 RELATED PARTY DISCLOSURES

A. Enterprises where control exists

i. Mini Sarvodyog Sira

ii. Nas Packaging Pvt Ltd.

iii. Adarsh Renewable Energytech Limited

iv. Anjars Harihar Engineers Pvt. Ltd.

v. Metal Pack Industries

vi. Nippon Appliances Pvt. Ltd

B. Key Management Personnel

i. Mr. Naishadbhai Patel

ii. Mr. Atish Patel

NOTE 5 SEGMENT REPORTING

The company is engaged in business of manufacturing of Plant Protection Equipment i.e. sprayers. These business is considered as Primary Segments in determining the revenue results, identifiable revenues and expenses are allocated in relation to the operation activities of the segment and common expenditure is allocated on reasonable basis.

Mr. T.P The outstanding balances of Debtors, Creditors, Deposits and Loans & Advances are subject to confirmation.

NOTE 6

Provision for Taxation is not required to be made in view of carried forward losses.

NOTE 7 Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

Sundry Debtors includes due from a firm in which some of the directors are partners Rs. Nil/- NOTE 40 (Previous Year: Rs. 23,500/-) Maximum amount during the year Rs. 5,23,520/- (Previous year Rs. 43,980/-)

NOTE 8 In compliance of AS 28 on Impairment of Assets issued by Institute of Chartered Accountants of India the Company has carried out impairment review of its assets. Loss on impairment of assets charged to the P & L. A/c is Rs: NIL (previous year Rs. Nil)


Mar 31, 2011

1. Secured Loans:

Bank overdrafts are secured by hypothecation of stocks, book debts, other assets and Equitable Mortgage of Immovable Assets and personal guarantees of Directors.

2. Deferred Tax Liability:

As required by the Accounting Standard 22 (AS 22) "Accounting for Tax on Income" issued by The Institute of Chartered Accountants of India, the Company has not provided for deferred tax liability for earlier years as well as for the current year in view of the carried forward losses and unabsorbed depreciation. These carried forward losses and unabsorbed depreciation are not expected to be revised in near future.

3. Remuneration to Directors: 7,20,000 7, 20,000

4. Sundry Debtors includes due from a firm in which some of the directors are partners Rs. 23,520/- (Previous Year: Rs. 13,500/-) Maximum amount during the year Rs. 43 C|'') - (Previous year Rs. 2,41,034/-)

5. Sundry Creditors includes Rs.5,30,608/- (previous year Rs.56,95,721/-), being the total outstanding dues of Small Scale industrial Undertakings. The names of such undertakings are given hereunder:

6 The outstanding balances of Debtors, Creditors, Deposits and Loans & Advances are subject to confirmation.

7. Provision for Taxation is not required to be made in view of carried forward losses.

8. Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

Related party Disclosures:

A. Enterprises/entities where control exists and with whom the Company had transacted. i) Mini Sarvodyog Sira ii) NAS Packaging Pvt Ltd iii) Adarsh Renewable Energytech Ltd

iv) Anjars Harihar Engg Pvt Ltd v) Metal Pack Industries vi) Nippon Appliance Pvt Ltd B. Key Management Personnel: i) Shri Naishadbhai Patel ii) Shri Atish Patel

9. In compliance of AS 28 on Impairment of Assets issued by Institute of Chartered Accountants of India the Company has carried out impairment review of its assets. Loss on impairment of assets charged to the P & L. A/c is Rs: NIL (previous year Rs. Nil) -

10. Additional Information pursuant to the provisions of paragraph 4C and 4D of Part- II of Schedule - VI of the Companies Act, 1956:

(F) Expenditure in Foreign Currency Nil Nil

(G) Earnings in Foreign Currency Nil Nil

11. Segment:

The company is engaged in business of manufacturing of Plant Protection Equipment i.e. sprayers, in trading goods and in LED items. These businesses are considered as Primary Segments in determining the revenue results, identifiable revenues and expenses are allocated in relation to the operation activities of the segment and common expenditure is allocated on reasonable basis.


Mar 31, 2010

1. Secured Loans:

Bank overdrafts are secured by hypothecation of stocks, book debts, other assets and Equitable Mortgage of Immovable Assets and personal guarantees of Directors.

2. Deferred Tax Liability:

As required by the Accounting Standard 22 (AS 22) "Accounting for Tax on Income" issued by The Institute of Chartered Accountants of India, the Company has not provided for deferred tax liability for earlier years as well as for the current year in view of the carried forward losses and unabsorbed depreciation. These carried forward losses and unabsorbed depreciation are not expected to be revised in near future.

3. Sundry Debtors includes due from a firm in which some of the Directors are partners Rs. 13,500/- (Previous Year: Rs. 10,284/-) Maximum amount during the year Rs. 2,41,034/- (Previous year Rs. 3,04,119/-)

4. Sundry Creditors includes Rs.56,95,721/- (previous year Rs.54,48,046/-), being the total outstanding dues of Small and Medium Enterprises . The names of such undertakings are given hereunder:

5 The outstanding balances of Debtors, Creditors, Deposits and Loans & Advances are subject to confirmation.

6. Provision for Taxation is not required to be made in view of carried forward losses.

7. Related Party Disclosures:

Disclosures of relationship and transactions with the related parties
A. Enterprises where control exists

i) Mini Sarvodyog Sira

ii) NAS Packaging Pvt. Ltd.

B. Other Entities with whom the Company had transacted

i) Adarsh Renewable Energytech Limited

ii) Anjars Harihar Engineers Pvt. Ltd.

iii) Metal Pack Industries

C. Key Management Personnel:

i) Mr. Naishadbhai Pate I &

ii) Mr. Atish Patel

Transactions carried out with related parties referred in 1 above, in ordinary course of business:

8. In compliance of AS 28 on Impairment of Assets issued by Institute of Chartered Accountants of India the Company has carried out impairment review of its assets. Loss on impairment of assets charged to the P & L. A/c is Rs: NIL (previous year Rs. Nil)

Previous years figures have been regrouped wherever necessary to make them comparable with those of the current year.

9. Additional Information pursuant to the provisions of paragraph 4C and 4D of Part- II of Schedule - VI of the Companies Act, 1956:

10. Segment:

The Company is engaged in business of manufacturing of Plant Protection Equipments and also in business of Windmill frames. These businesses are considered as Primary Segments. In determining the revenue results, identifiable revenues and expenses are allocated in relation to the operating activities of the segment and common expenditure is allocated on reasonable basis.

11. Schedules 1 to 18 form an integral part of the Balance Sheet and Profit & Loss Account.

 
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