| 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.
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