To the Member of         

     INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS


     We have examined the Balance sheet of INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONAL (a company Limited by guarantee under Section 25 of the Companies Act, 1956), at March 31,2005, and the related statement of Income and Expenditure for the year then ended, we have obtained all the information and explanation which to the best of our knowledge and belief, were necessary for the purpose of our examination.


     In our opinion and to the of our information and according to the explanation given to us, the Accompanying financial statement give the information    required by the Companies Act, 1956 (the Act) in the manner so required and give a true and fair view of the state of affairs of INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS at March 31,2005, and its Surplus For the year then ended, and have been prepared in accordance with the accounting standards referred To the section 211 (3C) of the act The Balance Sheet and statement of income and expenditure are The agreement with the books of account Further, in our opinion the company has maintained proper Books of accounts as required by law, insofar, as appears from of our examination of those books.


On the basis of information and explanation give to us, and representation obtained by company, None of the directors of the company who as at March 31,2005, are disqualified under Section 274(I)(g) Of the Act, from being appointed as Directors.


The provision of the Companies (Auditors Report)Order, 2003, are not applicable to the company, as it is licensed to operate under section 25 Of the Companies Act, 1956.

For MAHESH KUMAR & COMPANY
CHARTERED ACCOUNTED

MAHESH KUMAR

DATED: 22.08.2005                                      

 

Ref. No. Dated :

INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS

BALANCE SHEET AS ON 31ST MARCH, 2005

Particulars

SCH.

Amount 31.03.2005

Amount 31.03.2004

       Sources of Funds

Share Capital

 

2,000.00

                 2,000.00

Share Application Money

 

4,000.00

                 4,000.00

Reserve & Surplus

"A"

2,606,128.18

            9,17,151.32

       Unsecured Loan

Directors Loan

 

"B"

76,355.75

2,688,483.93

               52,310.75

            9,75,462.07

       Application of Fund

Fixed Assets

"C"

 

  

Gross Block

 

9,24,622.40

             3,62,753.60

Less: Depreciation

 

1,96,363.42

             1,22,778.00

Net Block

 

7,28,258.98

            2,39,975.60

       Current Assets, Loans &                            

 

 

 

 

 

 

Sundry Debtors

"D" 

                     361,179.00

               19,800.00

Cash & Bank Balance

 

                     1,45,669.56

               15,608.00

Loans and Advances

"E"

357,582.34

             1,21,807.04

Deposits

"F"

1,835,493.25

             7,62,320.12

 

  

2,699,924.15

            9,19,535.16

      Less: Current Liabilities & Provisions

Sundry Creditors

"G"

                      3,18,768.00

                 NIL

Expenses Payable

"H"

2,53,841.00

              1,57,344.00

Bank (O/D)

 

                    1,67,090.20

                29,916.69

      Misc. Expenditure

Preliminary Exp.

 

                           NIL

                  3,212.00

 

Total Rs.

 

2,688,483.93

             9,75,462.07

AS  PER OUR REPORT OF EVEN DATE ATTACHED

For MAHESH KUMAR & COMPANY

      CHARTERDE ACCOUNTANTS

      PLACE : NEW DELHI

      DATED : 22.08.2005

INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDING ON
31ST MARCH, 2005

Income

Amount 31.03.2005

Amount 31.03.2004

    Grand Received

5,266,7000.00

                                       3,300,000.00

    Consultancy Received

1,501,734.00

                                    4,26,736.50

    Interest on FD

65,276.97

                                       82,868.70

    HR Services

70,045.00

                                  NIL

    Misc. Income

8,096.00

                                  NIL

    Delegation fee (Banana)

21,298.00

                                  NIL

    Jariyal Books

43,107.37

                                         20,404.00 

    Membership Fees

94,050.00

                                        15,365.00

    Total

7,070,307.34

                                   3,845,374.20

 

     Expenditure

Amount

Amount

    Advertisement

6,200.00

                                      54,010.00

    Bank Charges

8,684.81

                                       6,938.86

    Books & Periodicals

4,730.00

                                         5,087.00

    Business Promotion

                                                NIL

                                       56,693.00

    Cartages

400.00

                                      NIL

    Computer Repair & Maint.

57,528.00

                                        20,245.00

    Consultancy Charges

2,501,961.00

                                     16,44,052.00

    Conveyance

71,336.00

                                        85,119.00

    Contract Charges

2,30,575.00

                                     4,70,188.00

    Distribution Charges

16,832.00

                                       18,847.00

    Electrical Exp.

58,119.00

                                       33,765.00

    Fees & Subscription

45,721.00

                                       25,081.00

    Freight & Cartage

2,800.00

                                         1,077.00

    Generator Running & Maint.

1,418.00

                                         9,240.40        

    Grant Exp.

4,51,889.00

                                       NIL

    Hire Charges

61,000.00

                                       36,000.00

    Incidental Exp.

1,500.00

                                      NIL

    Insurance Charges

5,921.00

                                       NIL

    Interest Charges

77,719.52

                                       52,554.00

    Legal Charges

1,14,160.00

                                            12,987.50

    Meeting & Conference

39,192.20

                                   NIL

    Misc. Exp.

516.45

                                    NIL

    Office Exp.

69,266.10

                                       21,041.50

    Phone Fax Charges

1,54,197.58

                                     1,06,450.00

    Photocopy Charges

16,270.00

                                         7,785.65

    Postage & Courier Charges

1,10,779.00

                                    9,32,239.00

    Printing & Stationery

3,85,747.00

                                    5,56,060.00

    Professional Fees

36,000.00

                                       36,000.00

    Stipend

17,730.00

                                             NIL

    Rent

1,65,965.00

                                       72,000.00

    Jariyal Books

48,390.00

                                              NIL

    Signature Assignment

NIL

                                       63,127.00

    Staff Welfare

62,239.70

                                       16,805.50

    Purchase

63,761.00

                                             NIL

    Travel & Tours

2,42,367.70

                                    2,10,645.00

    Web site Maint Charges

1,67,400.00

                                     2,03,373.00

    House Rent Allowance

NIL

                                       30,040.00

    Preliminary Exp. W/Off

3,212.00

                                        3,212.00

    Depreciation of fixed assets

73,585.42

                                      90,202.00

    Vehicle Running & Maint.

6,217.00

                                              NIL

    Service Tax

NIL

                                        3,893.00

    Short & Excess

NIL

                                               2.00

Total Rs.

5,381,330.48

                                 48,84,760.41

       Profit/Loss during The Year 1,688,976.86 

       AS PER OUR REPORT OF EVEN DATE ATTACHED

 

       For MAHESH KUMAR & COMPANY

       CHARTERDE ACCOUNTANTS

       PLACE : NEW DELHI

       DATED : 22.08.2005

RESERVE & SURPLUS AS ON 31.03.2005

SCHEDULE "A"

         Opening Balance (Profit)

                                             9,17,151.32

        During the year (Surplus)

                                           16,88,976.86

 

                                             2,606,128.18

 

UNSECURED LOAN AS 31.03.2005

SCHEDULE "B"

     Directors Loan

                                              76,355.75

 

                                               76,355.75

 

INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS

DETAILS OF FIXED ASSETS AS ON 31ST MARCH 2005

SCHEDULE "C"

 

Gross Block

Depreciation

Net Block

 Particulars

As on 31.03.04

Addition

ADJT / Deduction

As on 31.03.05

Up to 31.03.04

During Year

ADJT / Deduction

Up to 31.03.05

As on 31.03.04

As on 31.03.05

Computer Hardware A/C

272,090.00

295,400.00

NIL

567,490.00

111,599.00

51,631.00

NIL

163,230.00

 

160,491.00

404,260.00

Furniture & Fixtures

37,053.00

42,182.80

NIL

79,235.80

6,573.00

1,551.00

NIL

8,124.00

30,480.00

71,111.80

Office         Equipments

27,900.00

160,290.00

900.00

187,290.00

3,331.00

16,563.99

86.43

19,808.56

24,569.00

167,481.44

Phone &   Faxes

25,710.60

41,871.00

NIL

67,581.60

1275.00

2,472.00

3,747.00

3,747.00

24,435.60

63,834.60

Generator

Nil

23,025.00

 

23,025.00

NIL

1,281.00

1,281.00

1,281.00

NIL

21,744.00

   Total

362,753.60

562,768.80

900.00

924,622.40

122,778.00

73,498.99

5,114.43

196,190.56

239,975.60

728,431.84

                                                                                                                                                                                                

 

 

 

 

 

 

 

 

INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS

DEPRECIATION CHART AS PER INCOME TAX ACT 1961

  Particulars

W.D.V. As on 31.03.04

Addition During

Sold During

Total

%

Dep.

W.D.V. As on 31.03.05

  Computer Hardware A/C

78,826.40

295,690.00

NIL

374,516.40

60%

180,012.40

 194,504.00

  Furniture & Fixtures

28,855.00

42,182.00

NIL

71,037.00

15%

8,103.00

62,934.00

  Office Equipments

23,402.00

160,290.00

900.00

182,792.00

15%

23,323.00

159,469.00

  Phone & Faxes

18,953.10

41,871.00

NIL

60,824.10

15%

7,618.10

53,206.00

  Generator

NIL

       23,025.00

NIL

23,025.00

25%

2,878.00

20,147.00

  Total

150,036.50

563058.00

900.00

712,194.50

      

221,934.50

490,260.00

 

 

                                                                                SUNDRY DEBTORS AS ON 31.03.2005

SCHEDULE "D"

 Nippon Koei Co. Ltd.

                                             360,000.00

 Wilson

                                                1,179.00

    Total

                                               361,179.00

 

                                                                                 LOANS & ADVANCES AS ON 31.03.2005       

SCHEDULE "E"

         Rajesh M.

                                                    500.00

         Ajay Singh

                                                 2,000.00

         Alam Singh

                                                 1,000.00

         Elangoran Imp. A/C

                                                 3,205.00

         Madhu Verma

                                               25,000.00

         TDS Receivable

                                              148,667.34

         Indian Rural Markets Products Pvt. Ltd.

                                              118,960.00

         National Medicinal Plant Board

                                                 8.250.00              

         Rural Relations

                                                50,000.00

         Total

                                               357,582.34

 

 

 

DEPOSITS AS ON 31.03.2005

                                                                                                     SCHEDULE "F"

         HDFC FD 0924470156097

                                      1,757,284.01

         HDFC III FD 0924470146090

                                           1,159.24

         Security deposit

                                         77,050.00

          Total

                                    1,835,493.25

 

SUNDRY CREDITORS AS ON 31.03.2005

                                                                                              SCHEDULE "G"                                          

  IASPL

                                                 309,847.00

  Blue Dart 

                                                    1,475.00

  TDTC Courier

                                                    5,790.00

  Ess Gss Printers 

                                                   1,656.00

  Total

                                                318,768.00

 

EXPENSES PAYABLE AS ON 31.03.2005

                                                                                              SCHEDULE "H"                                           

  Consultancy Payable

                                               216,646.00

  Contract Payable

                                                  8,800.00

  TDS Payable (Consultancy)

                                                10,474.00

  TDS Payable (Contract)

                                                    522.00

  Phone & Fax Charges Payable

                                                 2,882.00

  Stipend Payable

                                              14,517.00

  Total

                                             253,841.00

 

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