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 31,2007, 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
31,2007, 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
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.
For MAHESH KUMAR & COMPANY
CHARTERED ACCOUNTED
MAHESH KUMAR
DATED: 31.08.2007
Ref. No. Dated :
INDIAN SOCIETY OF AGRIBUSINESS PROFESSIONALS
BALANCE SHEET AS ON
INCOME
|
FY 2003-04
|
FY 2004-05
|
FY 2005-06
|
FY 2006-07
|
Grants
|
33,00,000
|
52,66,700
|
28,53,722
|
1,68,90,643
|
Membership
Subscriptions
|
15,365
|
94,050
|
72,375
|
60,600
|
Consultancy
|
4,47,141
|
16,14,886
|
18,23,680
|
18,85,741
|
Workshops
|
-
|
-
|
2,28,019
|
17,47,040
|
Certificate of
Origin
|
-
|
-
|
-
|
5,01,405
|
Events
|
-
|
21,298
|
11,83,427
|
23,72,280
|
Miscellaneous
|
82,869
|
73,373
|
95,090
|
2,05,874
|
Total (A)
|
38,45,374
|
70,70,307
|
62,56,313
|
2,36,63,583 |
Expenditure
|
|
|
|
|
Personnel Cost
|
18,51,464
|
21,12,394
|
26,97,712
|
40,63,743 |
Administrative & Other Expenses
|
30,33,296
|
32,68,936 |
47,64,529
|
1,46,36,623 |
Total (B)
|
48,84,760
|
53,81,330
|
74,62,241
|
1,87,00,366 |
|
Excess of Income over Expenditure (A-B) |
10,39,386 |
16,88,977 |
12,05,928 |
49,63,217 |
|
Income as
Percentage of Total Income |
FY 2003-04 |
FY 2004-05 |
FY 2005-06 |
FY 2006-07 |
|
Grants |
85.8% |
74.5% |
45.6% |
71.4% |
|
Membership
Subscriptions |
0.4% |
1.3% |
1.2% |
0.3% |
|
Consultancy |
11.6% |
22.8% |
29.1% |
8.0% |
|
Workshops |
0.0% |
0.0% |
3.6% |
7.4% |
|
Certificate of
Origin |
0.0% |
0.0% |
0.0% |
2.1% |
|
Events |
0.0% |
0.3% |
18.9% |
10.0% |
|
Miscellaneous |
2.2% |
1.0% |
1.5% |
0.9% |
|
Total |
100.0% |
100.0% |
100.0% |
100.0% |
|
SOURCE OF
FUNDS |
2003 - 04 |
2004 - 05 |
2005 - 06 |
2006 - 07 |
|
Share Capital |
2,000 |
2,000 |
2,000 |
100,000 |
|
Share Application Money |
4,000 |
4,000 |
4,000 |
4,000 |
|
Reserve & Surplus |
9,17,151 |
26,06,128 |
14,00,200 |
63,63,417 |
|
Unsecured Loans |
|
|
|
|
|
Directors Loans |
52,311 |
76,356 |
76,356 |
- |
|
Total (Rs.) |
9,75,462 |
26,88,484 |
14,82,556 |
64,67,417 |
|
APPLICATION OF
FUNDS |
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
Gross Block |
3,62,754 |
9,24,622 |
13,20,423 |
28,17,177 |
|
Less:
Depreciation |
1,22,778 |
1,96,363 |
4,76,810 |
8,98,371 |
|
Net Block |
2,39,976 |
7,28,259 |
8,43,613 |
19,18,806 |
|
Current
Assets, Loans,& Advances |
|
|
|
|
|
Sundry Debtors |
19,800 |
3,61,179 |
2,63,450 |
12,70,973 |
|
Cash and Bank
Balance |
15,608 |
1,45,670 |
5,36,494 |
68,759 |
|
Loans &
Advances |
1,21,807 |
3,57,582 |
2,75,782 |
16,19,913 |
|
Deposits |
7,62,320 |
18,35,493 |
1,37,379 |
34,23,371 |
|
Total (Rs.) |
9,19,535 |
26,99,924 |
12,13,105 |
63,83,015 |
|
Current
Liabilities & Provisions |
|
|
|
|
|
Sundry Creditors |
1,104 |
3,18,768 |
5,62,100 |
17,49,922 |
|
Expenses Payable |
1,86,157 |
4,20,931 |
12,062 |
84,483 |
|
Net Current
Assets |
7,32,274 |
19,60,225 |
6,38,943 |
45,48,611 |
|
Misc.
Expenditure |
|
|
|
|
|
Preliminary
Expenses |
3,212 |
- |
- |
- |
|
Total (Rs.) |
9,75,462 |
26,88,484 |
14,82,556 |
64,67,417 |