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.