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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
31,2006, 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 31,2006, 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
31,2006, are disqualified under Section 274(I)(g) Of the Act, from being
appointed as Directors.
The provision of the Companies (Auditors Report)Order, 2004, are not
applicable to the company, as it is licensed to operate under section 25
Of the Companies Act, 1956.
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For MAHESH KUMAR & COMPANY
CHARTERED ACCOUNTED
MAHESH KUMAR
DATED: 31.08.2006
Ref. No. Dated :
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INDIAN
SOCIETY OF AGRIBUSINESS PROFESSIONALS
BALANCE
SHEET AS ON 31ST MARCH, 2006
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Particulars
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SCH.
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Amount 31.03.2006
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Amount 31.03.2005
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Sources of Funds
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Share Capital
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2,000.00
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2,000.00
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Share Application Money
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4,000.00
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4,000.00
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Reserve & Surplus
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"A"
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14,00,200.26
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2,606,128.18
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Unsecured Loan
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Directors Loan
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"B"
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76,355.75
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76,355.75
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Total Rs.
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14,82,556.01
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26,88,483.93
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Application of Fund
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Fixed Assets
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"C"
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Gross Block
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13,20,422.65
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9,24,622.40
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Less: Depreciation
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4,76,809.56
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1,96,363.42
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Net Block
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8,43,613.09
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7,28,258.98
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Current Assets, Loans &
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Sundry Debtors
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"D"
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2,63,450.00
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3,61,179800.00
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Cash & Bank Balance
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5,44,905.39
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1,45,669.56
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Loans and Advances
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"E"
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2,75,782.21
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3,57,582.34
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Deposits
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"F"
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1,37,378.56
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18,35,493.25
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12,21,516.16
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26,99,924.15
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Less:
Current Liabilities & Provisions
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Sundry Creditors
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"G"
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5,62,100.00
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3,18,768.00
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Expenses Payable
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"H"
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12,062.00
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2,53,841.00
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Bank (O/D)
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8,411.20
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1,67,090.20
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Total Rs.
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14,82,556.01
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2,688,483.93
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AS PER OUR REPORT OF EVEN DATE ATTACHED
or MAHESH KUMAR &
COMPANY
CHARTERDE
ACCOUNTANTS
PLACE : NEW DELHI
DATED : 31.08.2006
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INDIAN
SOCIETY OF AGRIBUSINESS PROFESSIONALS
INCOME & EXPENDITURE
ACCOUNT FOR THE YEAR ENDING ON
31ST MARCH, 2006
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Income
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Amount 31.03.2006
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Amount 31.03.2005
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Grand Received
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28,53,722.30
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5,266,700.00
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Consultancy Received
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18,67,666.86
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1,501,734.00
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Interest on FD
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84,953.61
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65,276.97
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HR Services
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NIL
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70,045.00
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Misc. Income
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NIL
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8,096.00
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Banana Conf.
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11,49,676.50
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21,298.00
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Farmers Awareness Comp. 2005
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39,000.00
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NIL
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Dairy Value Chain Workshop
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1,89,019.00
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Books Sales
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NIL
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43,107.37
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Membership Fees
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72,275.00
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94,050.00
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Total
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62,56,313.34
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7,070,307.34
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Expenditure
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Amount
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Amount
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Advertisement
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NIL
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6,200.00
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Bank Charges
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31,328.92
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8,684.81
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Books & Periodicals
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1,906.00
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4,730.00
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Business Promotion
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7,084.00
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NIL
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Cartages
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NIL
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400.00
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Banana Conference exp.
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13,14,909.00
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NIL
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Computer Repair & Maint.
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27,529.00
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43,889.00
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Consultancy Charges
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34,72,680.00
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25,01,961.00
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News Paper & periodicals
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41,575.00
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NIL
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Conveyance
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65,193.00
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71,336.00
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Contract Charges
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4,06,660.00
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2,30,575.00
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Commission Charges
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5,425.00
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13,639.00
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Distribution Charges
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16,722.00
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16,832.00
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Delegate Exp.
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12,700.00
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NIL
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Electrical Exp.
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71,681.00
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58,119.00
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Fees & Subscription
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193.00
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45,721.00
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Freight & Cartage
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NIL
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2,800.00
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Food & Lodging
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26,752.00
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NIL
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Generator Running & Maint.
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390.00
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1,418.00
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Farmers Awareness Comp.
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1,87,610.00
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NIL
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Grant Exp.
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NIL
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4,51,889.00
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Hire Charges
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60,000.00
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61,000.00
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Incidental Exp.
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NIL
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1,500.00
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Insurance Charges
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27,210.00
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5,921.00
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Interest Charges
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56,611.00
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77,719.52
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Legal Charges
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24,000.00
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1,14,160.00
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Meeting & Conference
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11,679.00
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39,192.20
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Misc. Exp.
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6,022.00
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516.45
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Manage
Programmes Exp.
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73,288.00
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NIL
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Office Exp.
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38,275.10
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69,266.10
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Phone Fax Charges
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1,42,312.00
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1,54,197.58
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Photocopy Charges
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NIL
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16,270.00
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Postage & Courier Charges
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76,192.00
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1,10,779.00
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Printing & Stationery
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1,98,740.50
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3,85,747.00
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Professional Fees
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67,880.00
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36,000.00
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Programmes
Exp.
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2,61,069.00
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Stipend
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31355.00
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17,730.00
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Rent
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1,73,500.00
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1,65,965.00
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Jariyal Books
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17,219.00
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48,390.00
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Staff Welfare
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28,004.07
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62,239.70
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Tender fees
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16,000.00
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NIL
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Purchase
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NIL
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63,761.00
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Travel & Tours
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1,12,474.00
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2,42,367.70
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Web site Maint Charges
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6,970.00
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1,67,400.00
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Preliminary Exp. W/Off
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NIL
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3,212.00
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Depreciation of fixed assets
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2,80,619.00
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73,585.42
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Vehicle Running & Maint.
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58,611.00
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6,217.00
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Service Tax
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3,872.00
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NIL
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Short & Excess
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NIL
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NIL
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Total Rs.
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74,62,241.19
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5,381,330.48
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Profit/Loss during The
Year (12,05,927.92)
AS PER OUR REPORT
OF EVEN DATE ATTACHED
For MAHESH KUMAR
& COMPANY
CHARTERDE
ACCOUNTANTS
PLACE : NEW DELHI
DATED :
31.08.2006
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RESERVE
& SURPLUS AS ON 31.03.2006
SCHEDULE "A"
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Opening Balance (Profit)
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26,06,128.18
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During the year (Surplus)
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(12,05,927.92)
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14,00,200.26
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UNSECURED
LOAN AS 31.03.2006
SCHEDULE "B"
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Directors Loan
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76,355.75
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76,355.75
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INDIAN
SOCIETY OF AGRIBUSINESS PROFESSIONALS
DETAILS OF FIXED ASSETS AS ON 31ST MARCH 2005
SCHEDULE "C"
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Gross Block
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Net Block
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Particulars
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As on
01.04.05
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Addition
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ADJT /
Deduction
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As on
31.03.06
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Up to
31.03.05
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During
Year
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Up to
31.03.06
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As on
31.03.05
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As on
31.03.06
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Computer
Hardware A/C
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567,490.00
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28,400.00
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NIL
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595,890.00
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163,230.00
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169,474.00
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332,704.00
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404,260.00
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263,186.00
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Furniture
& Fixtures
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79,235.80
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50,500.00
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NIL
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129,735.80
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8,124.00
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18,412.00
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26,536.00
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71,111.80
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103,199.80
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Office Equipments
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187,290.00
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35,417.25
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NIL
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222,707.25
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19,808.56
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27,259.00
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47,067.56
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167,481.44
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175,639.69
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Phone
& Faxes
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67,581.60
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9550.00
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NIL
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77,131.60
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3747.00
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9,362.00
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13,109.00
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63,834.60
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64,022.60
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Generator
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23,025.00
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NIL
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6500.00
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16,525.00
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1281.00
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2,788.00
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4,069.00
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21,744.00
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12,456.00
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CAR
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NIL
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278,433.00
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NIL
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278,433.00
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NIL
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53,324.00
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53,324.00
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NIL
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225,109.00
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Total
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924,622.40
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402,300.25
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6500.00
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1,320,422.65
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196,190.56
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280,619.00
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476,809.56
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728,431.84
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843,613.09
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INDIAN
SOCIETY OF AGRIBUSINESS PROFESSIONALS
DEPRECIATION CHART AS
PER INCOME TAX ACT 1961
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Particulars
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W.D.V. As on
01.04.05
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Addition During
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Sold During
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Total
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%
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Dep.
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W.D.V. As on
31.03.06
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Computer Hardware A/C
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194,504.00
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28,400.00
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NIL
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222,904.00
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60%
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132,377.00
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90,527.00
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Furniture & Fixtures
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62,934.00
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50,500.00
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NIL
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113,434.00
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15%
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11,343.00
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102,091.00
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Office Equipments
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159,469.00
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35,417.25
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NIL
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194,886.25
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15%
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38,707.00
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156,179.25
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Phone & Faxes
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53,206.00
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9,550.00
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NIL
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62,756.00
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15%
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11,946.00
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50,810.00
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Generator
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20,147.00
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NIL
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6,500.00
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13,647.00
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25%
|
2,729.00
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10,918.00
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NIL
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278,433.00
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NIL
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278,433.00
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15%
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41,765.00
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236,668.00
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Total
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490,260.00
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402,300.25
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6,500.00
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886,060.25
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-
|
238,867.00
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647,193.25
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SUNDRY
DEBTORS AS ON 31.03.2006
SCHEDULE "D"
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One
World South Asia
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2,000.00
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SPWD
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2,61,450.00
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Total
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263,450.00
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LOANS
& ADVANCES AS ON 31.03.2006
SCHEDULE "E"
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Rajesh M.
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2,500.00
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Manoj Singh
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4,179.00
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Elengo Imp.
|
5,900.00
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TDS Receivable
|
1,62,188.21
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Sunil Khairnar
|
27,773.00
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National Medicinal Board
|
8,250.00
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Antodaya
|
10,000.00
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Genia Unnayan Committee
|
10.000.00
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|
Rural Relations
|
50,000.00
|
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Total
|
275,782.21
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DEPOSITS
AS ON 31.03.2006
SCHEDULE
"F"
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HDFC FD 0924470161752
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78,108.06
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HDFC III FD 0924470146090
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1,220.50
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Security deposit
|
58,050.00
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Total
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137,378.56
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