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responsible for assessing the Company'splicable, matters related to going concern
In preparing the financial statements, l1)Jlaa.:~=.tJability to continue as a going concern,
The Company's Board of Directors is responsible for the matters stated in section 134(5) of theAct with respect to the preparation of these standalone financial statements that give a true andfair view of the financial position, financial performance, changes in equity and cash flows of theCompany in accordance with the accounting principles generally accepted in India, including theaccounting Standards specified under Section 133 of the Act. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Act forsafeguarding of the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; making judgments andestimates that are reasonable and prudent; and design, implementation and maintenance ofadequate internal financial controls, that were operating effectively for ensuring the accuracy andcompleteness of the accounting records, relevant to the preparation and presentation of thefinancial statement that give a true and fair view and are free from material misstatement, whetherdue to fraud or error.
Responsibility ofManagement for Standalone Fin allcial Statements
We conducted our audit in accordance with the Standards on Auditing (SAs) specified undersection 143(10) of the Companies Act, 2013 (hereinafter referred to as the "Act"). Ourresponsibilities under those Standards are further described in the Auditor's Responsibilities forthe Audit of the Financial Statementssection of our report. We are independent of the Company inaccordance with the Code of Ethicsissued by the Institute of Chartered Accountants of Indiatogether with the ethical requirements that are relevant to our audit of the financial statementsunder the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. We believe that theaudit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Basis for Opinion
In our opinion and to the best of our information and according to the explanations given to us.theaforesaid standalone financial statements give the information required by the Companies Act,2013 in the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India, of the state of affairs of the Company as at 3151 March,2021, and its profit. changes in equity and its cash flows for the year ended on that date.
We have audited the standalone financial statements of Mis. Adico Escorts Agri EquipmentsPrivate Limited, Rajkot (hereinafter referred to as the "Company"), which comprise the balancesheet as at 31st March 2021, and the statement of Profit and Loss, statement of changes in equityand statement of cash flows for the year then ended, and notes to the financial statements,including a sununary of significant accounting policies and other explanatory information.
Opinion
Report Oil the Audit of the Standalone FillallciaI Statements
To the Members ofMis. Adico Escorts Agri Equipments Private Limited,Rajkot.
INDEPENDENT AUDITOR'S REPORT
Ranpura:J)ejai & Co.Chartered Accountants
-------------------------------------------------- --
Star Avenue,FirstFloor,Dr RadhakrishnanRoad,Opp.W:I"lIIIoJr"'~Jll.1""..,.",-IlOajkot- 360001. Phone +91 - 281 - 2480035 to 37,Fax: +91 - 281 - 2480034 I email. offi I.com I web: www.raopuradesai.corn
We communicate with those charged with governance regarding, among other matters, theplanned scope and timing of the audit and siznificant audit findings, including any significantdeficiencies in internal control that we i 1 . g our audit. We also provide those chargedwith governance with a statement th ' hav / plied with relevant ethical requirements
~ Chartered
• Evaluate the overall presentation, structure and content of the financial statements,including the disclosures, and whether the financial statements represent the underlyingtransactions and events in a manner that achieves fair presentation.
• Conclude on the appropriateness of management's use of the going concern basis ofaccounting and, based on the audit evidence obtained, whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty exists, weare required to draw attention in our auditor's report to the related disclosures in thefinancial statements or, if such disclosures are inadequate, to modify our opinion. Ourconclusions are based on the audit evidence obtained up to the date of our auditor's report.However, future events or conditions may cause the Company to cease to continue as agoing concern.
• Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.
• Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act,we are also responsible for expressing our opinion on whether the company has adequateinternal financial controls system in place and the operating effectiveness of such controls.
• Identify and assess the risks of material misstatement of the financial statements, whetherdue to fraud or error, design and perform audit procedures responsive to those risks, andobtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.The risk of not detecting a material misstatement resulting from fraud is higher than forone resulting from error, as fraud may involve collusion, forgery, intentional omissions,misrepresentations, or the override of internal control.
As a part of an audit in accordance with SAs, we exercise professional judgment and maintainprofessional skepticism throughout the audit. We also:
OW"objectives are to obtain reasonable assurance about whether the financial statements as awhole are free from material misstatement, whether due to fraud or en-or, and to issue an auditor'sreport that includes our opinion. Reasonable assurance is a high level of assurance but is not aguarantee that an audit conducted in accordance with SAs will always detect a materialmisstatement when it exists. Misstatements can arise from fraud or error and are consideredmaterial if, individually or in the aggregate, they could reasonably be expected to influence theeconomic decisions of users taken on the basis of these financial statements.
Auditor's Responsibilities for the A udit of the Financial Statements
Those Board of Directors are also responsible for overseeing the company's financial reportingprocess.
and using the going concern basis of accounting unless management either intends to liquidate theCompany or to cease operations, or has no realistic alternative but to do so."_
f<anpura:J)ejai & Co.Chartered Accountants
Star Avenue,First Floor,Dr. RadhakrishnanRoad,Opp. R<:Mtl'lr&r ~M~JkOt - 360001 Phone: +91 - 281 - 2480035 to 37,Fax . +91 - 281 - 2480034 I email; offjce~!(J.'flI':iIl(l m I web: www.ranpuradesai.com
(i) With respect to the other matters to be included in the Auditor's Report in.~=~n;.(anies (Audit and Auditors) Rules, 2014, in
~~~ ....__ ration and according to the explanations/given to us: f1>
(h) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls, refer toour separate Report in "Annexure A".
(g) There are no qualifications, reservations or adverse remarks relating to themaintenance of accounts and other matters.
(f) On the basis of the written representations received from the directors as on31stMarch, 2021 taken on record by the Board of Directors, none of the directors isdisqualified as on 31stMarch, 2021 from being appointed as a director in terms ofSection 164(2) of the Act.
(e) In our opinion, the aforesaid standalone financial statements comply with theIndian Accounting Standards (Ind AS) specified under Section 133 of the Act, readwith Rule 70fthe Companies (Accounts) Rules, 2014.
(d) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statementdealt with by this Report are in agreement with the books of account.
(c) The Company does not have any branch and therefore, this clause is not applicable.
(b) In our opinion, proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books.
(a) We have sought and obtained all theinformation and explanationswhich to the bestof our knowledge and belief were necessary for the purposes of our audi t.
2 As required by Section 143(3) of the Act, we report that:
As required by the Companies (Auditor'S Report) Order, 2016 (the "Order"), issued by theCentral Government ofIndiain terms of sub-section (11) of section 143 of the CompaniesAct, 2013, we give in the Annexure a statement on the matters specified in paragraphs 3and 4 of the Order, to the extent applicable.
Report Oil Other Legal and Regulatory Requirements
Note No. III(2) states that the Company has not either paid or provided interest payable toits supplier as the Company does not have information from suppliers regarding theirstatus under the Micro, Small and Medium Enterprises Development Act, 2006. We haveexamined the relevant forms required to be filed under the Companies Act, 2013 and weare of the opinion that after looking to the size of the Company, such non recognition ofinterest payable to such suppliers does not have any impact on any of the aspect of thefinancial results. Therefore, we are not modifying our report in this regard.
OTHER MATTER
Ranpura:J)ejai & Co.Chartered Accountants
regarding independence, and to communicate with the relationships and other matters that mayreasonably be thought to bear on our independence, and where applicable, related safeguards.
Star Avenue,FirstFloor,Dr. RadhakrishnanRoad,Opp. RajkumarCollage,Rajkot - 360001 Phone: +91 - 281 - 2480035 to 37,Fax ' ...91 - 281 - 2480034 I email: office@ranpuradesaLcom web. WWW.ranpuradesaLcom
For RANPURA DESAI & Co.,Chartered Accountants[FRN:117476W]
_~I\~~ :(Ketan~1!2b) .Partner(Me ership No. 118411)UDIN:21( '<6~ II ,4A~;::I KA943 ~
Place: RajkotDate: 19.04.2021
(iii) There were no amounts which were required to be transferred to theInvestor Education and Protection Fund by the Company.
(ii) The Company has made provision, as required under the applicable law oraccounting standards, for material foreseeable losses, if any, on long-termcontracts including derivative contracts, and
Ranpura1Jedai & CO.Chartered Accountants
The Company does not have any pending litigations which would impactits financial position in its financial statements;
(i)
According to the information and explanations given to us and on the basis ofour examination of the records of the Company, amounts deducted! accrued inthe books of account in respect of undisputed statutory dues includingprovident fund, employees' state insurance, income tax, sales tax, wealth tax,
~ DES~~~ /Q.2: Chart~'Ur"c.4. AccOU~SU''''.;J..
*IYAJK.O'"
(vii) (a)
(vi) We have been informed that the Central Government has not prescribed themaintenance of cost records under section 148(1) of the Act for the Company.
(v) The Company has not accepted any deposits from the public.
(iv) As reported to us, the provisions of section 185 and 186 of the companies Act, 2013have been complied with.
(d) As the company has not given loans to any party, this clause is not applicable.
(c) As the company has not given loans to any party, this clause is not applicable.
(b) As the company has not given loans to any party, this clause is not applicable.
As reported to us and based on our verification of books of account, theCompany had not granted loans, secured or unsecured to companies, firms,Limited Liabilities Partnerships, or other parties covered in the registermaintained under section 189 of the Companies Act, 2013 (the "Act')
As reported to us, the inventory has been physically verified during the yearby the management. We are unable to state whether the frequency ofverification is reasonable or not.
(iii) (a)
(ii) (a)
(c) The Land on which Factory structure/shed is constructed or build is in thename of Amul Industries Private Limited, and the Company had entered aLease Agreement with the said company for a period of 5 years ended onSeptember 2017 and on expiration of lease period, such lease is renewed forfurther 5 years. The Factory structure is in the name of the Company.However, we are not produced any evidence establishing that FactoryStructure/Shed are in the name of the Company.
(b) As certified by the management, all the assets have been physically verified bythe management during the year as there is a regular program of verification.In our opinion, the same is reasonable having regard to the size of thecompany and the nature of its assets. Discrepancies, having regard to size ofthe Company, considered as minor, were noticed on such verification and thesaid discrepancies were appropriately recognized in the financial statementsby way of writing off of its assets.
The Company has maintained proper records showing full particulars,including quantitative details and situation of fixed assets.
(a)(i)
The Annexure referred to in our Independent Auditors' Report to the members of theCompany on the financial statements for the year ended 31st March 2021, we report that:
ANNEXURE TO THE INDEPENDENT AUDITORS' REPORT
MIS.ADICO ESCORTS AGRI EQUIPMENTS PRN ATE LIMITED, RAJKOT
(xv) In our opinion and according to the information and the explanations given to us, theCompany has not entered into non-cash transactions with directors or personsconnected with him.
(xiv) On the basis of our verification of records and information furnished to us, thecompany has not made any preferential allotment or private placement of shares orfully or partly convertible debentures during the year under review and therefore, therequirement of section 42 of the Companies Act, 2013 is not required to be compliedwith.
(xiii) On the basis of our examination of the books of account and other relevant recordsand information made available to us, we have noticed that all transactions with therelated parties are in compliance with section 177 and 188 of the Companies Act,2013 and the details have been disclosed in financial statements are in compliancewith applicable accounting standards.
(xii) This clause is for Nidhi Company. Hence, this clause is not applicable.
(xi) We have been informed that section 197 of the Companies Act, 2013 is for PublicCompany. Hence, this Clause is not applicable.
(x) On the basis of our examination of the books of account and other relevant recordsand information made available to us, prima facie, we have not noticed any fraud (i.e.intentional material misstatements resulting from fraudulent financial reporting andmisappropriations of assets) on or by the company, during the year. Further, themanagement has represented to us that no fraud on the companyor any fraud on thecompany by its officers or employees has been noticed or reported during the year.However, we are unable to determine/verify as to whether any such reporting hasbeen made during the year.
(ix) On the basis of the records examined by us, the Company has not raised money byway of initial public offer or further public offer (including debt instruments) andterm loans and therefore this clause is not applicable.
(viii) On the basis of records examined by us, the Company did not have any outstandingdues to financial institutions, banks or debenture holders during the year and thereforethis clause is not applicable.
According to the information and explanations given to us, there are nomaterial dues of income tax, sales tax, service tax, wealth tax, duty of customs,duty of excise, value added tax, goods and services tax, and cess which havenot been deposited with the appropriate authorities on account of any dispute.
(b)
service tax, duty of customs, duty of excise, value added tax, goods andservices tax, cess and other material statutory dues have been regularlydeposited during the year by the Company with the appropriate authorities. Noundisputed amounts payable in respect of provident fund, employees' stateinsurance, income tax, sales tax, wealth tax, service tax, duty of customs,value added tax, goods and services tax, cess, and other material statutory dueswere in arrears as at 31stMarch 2021 for a period of more than six monthsfrom the date they became payable.
MIS. ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITED, RAJKOT
(Ketan .Partne(M bership No. 118411)
IN: Q_ f' , ~ Lf f , A A A A. ,1( A 9lf 3 ~
For RANPURA DESAI & c«,Chartered Accountants[FRN:117476W]
Place: RajkotDate: 19.04.2021
(xvi) In our opinion and according to the information and the explanations given to us, theCompany is not required to be registered under section 4S-lA of the Reserve Bank ofIndia Act, 1934.
MIS. ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITED, RAJKOT
StarAvenue,FirstFloor,Dr.RadhaknshnanRoad,OPP.~~~~~~. Rajkot· 360001. Phone: +91 - 281 - 2480035to 37,Fax +91 - 281 - 2480034 I email' office radesai.corn web: www.ranpuradesai.com
We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our audit opinion on the Company's internal financial controls system over financialreporting.
Our audit involves performing procedures to obtain audit evidence about the adequacy of theinternal financial controls system over financial reporting and their operating effectiveness.Our audit of internal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting, assessing the risk that amaterial weakness exists, and testing and evaluating the design and operating effectiveness ofinternal control based on the assessed risk. The procedures selected depend on the auditor'sjudgement, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error.
Our responsibility is to express an opinion on the Company's internal financial controls overfinancial reporting based on our audit. We conducted our audit in accordance with theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (the"Guidance Note") and the Standards on Auditing, issued by ICAI and deemed to beprescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to anaudit of internal financial controls, both applicable to an audit of Internal Financial Controlsand, both issued by the Institute of Chartered Accountants of India. Those Standards and theGuidance Note require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether adequate internal financial controls overfinancial reporting was established and maintained and if such controls operated effectivelyin all material respects.
Auditors' Responsibility:
The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteria established bythe Company considering the essential components of internal control stated in the GuidanceNote on Audit of Internal Financial Controls Over Financial Reporting issued by the Instituteof Chartered Accountants of India. These responsibilities include the design, implementationand maintenance of adequate internal financial controls that were operating effectively forensuring the orderly and efficient conduct of its business, including adherence to company'spolicies. the safeguarding of its assets, the prevention and detection of frauds and errors. theaccuracy and completeness of the accounting records, and the timely preparation of reliablefinancial information, as required under the Companies Act, 2013.
Management's Responsibility for Internal Financial Controls:
We have audited the internal financial controls over financial reporting of Mls.Adico EscortsAgri Equipments Private Limited, Rajkot (hereinafter referred to as the "Company") as of31st March, 2021 in conjunction with my / our audit of the standalone financial statements ofthe Company for the year ended on that date.
Report on the Internal Financial Controls under Clause (i) of Sub-section 3of Section 143 of the Companies Act, 2013 (rthe Act',)'.
Ranpura:J)ejai & Co.Chartered Accountants
Star Avenue,FirstFloor, Dr. RadhakrishnanRoad,Opp. RajkumarCollage,Rajkot . 360001 Phone· ~91 ·281 ·2480035 to 37,Fax +91 - 281 . 2480034 I email [email protected] web' www.rarouraoesai.com
Place: RajkotDate: 19.04.2021
For RANPURA DESAI & CO,Chartered Accountants[FRN:117476W]
In our opinion, the Company has, in all material respects, an adequate internal financialcontrols system over financial reporting and such internal financial controls over financialreporting were operating effectively as at 31st March, 2021 based on the internal controlover financial reporting criteria established by the Company considering the essentialcomponents of internal control stated in the Guidance Note on Audit of Internal FinancialControls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
Opinion:
Because of the inherent limitations of internal financial controls over financial reporting,including the possibility of collusion or improper management override of controls, materialmisstatements due to error or fraud may occur and not be detected. Also, projections of anyevaluation of the internal financial controls over financial reporting to future periods aresubject to the risk that the internal financial control over financial reporting may becomeinadequate because of changes in conditions, or that the degree of compliance with thepolicies or procedures may deteriorate.
Inherent Limitations of Internal Financial Controls Over Financial Reporting:
A company's internal financial control over financial reporting is a process designed toprovide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that (1) pertain to the maintenance of recordsthat, in reasonable detail, accurately and fairly reflect the transactions and dispositions of theassets of the company; (2) provide reasonable assurance that transactions are recorded asnecessary to permit preparation of financial statements in accordance with generally acceptedaccounting principles, and that receipts and expenditures of the company are being made onlyin accordance with authorizations of management and directors of the company; and (3)provide reasonable assurance regarding prevention or timely detection of unauthorizedacquisition, use, or disposition of the company's assets that could have a material effect onthe financial statements.
-.Meaning of Internal Financial Controls Over Financial Reporting:
Ranpura:J)ejai & Co.Chartered Accountants
1516 3,82617
18 8,15,3568,19.182
7,91.96.1759.63,15,931
7,91,96,1759,63,15,931
21,00,00,000( 13,08,03,825)
21,00,00,000( 11,36,84,069)
19A-'.69.92011.06.<)6,(,16
13.03.0-',6991-'.119.-'4.667
2,02,12,1343,02,83,620
16,56,030 3,44,08926,38,602 15,16,968
2,64,79,493 3,17,29,904
6, J7,51.9-'8 6.-'1.65.222
4,36,66,259 7,54,90,444
6,21,60,039 3,43,20,3811,28,34,750 2,81,739
28,95,52013,49,693
2,76,78,7402,96,28,129
31 'larch 202031 \lurch 2021
(Amount in t)(.\mount in t)
1314
9
6
II12
10
9
678
5
4
;\otl'
:'-won-currentIiabllitiesFinancial liabilitiesBorrowingsOther financial liabilities
Other non-current liabilitiesDeferred tax liabilities (net)Long-term provisionsI'otal non-current Iiubilities
EQUI' \\OU\BIUrIlSEqllit~Equity share capitalOther equityEquity attributable to owners of the parentNon-controlling interestTotal eqllit}
Tutal a,s~t,
Total currcut uvscts
Cu rrent as-etsInventoriesFinancral assetsCurrent investmentsTrade receivablesCash and cash equivalentsOther bank balancesLoansOther financial asset
Current tax asset (net)Other current assets
\'>Sl.'S'on-currellt a,~chProperty, plant and equipmentCapital work-in-progressInvestment PropertyOther intangibles assetsIntangible assets under developmentInvestments accounted for using the equity methodFinancial assets
InvestmentsLoansOther financial asset
Deferred tax assets (net)Current tax asset (net)Other non current assetsTotal non-current assets
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITEDBalance Sheet as at 31st March 2021
(Ketan Y.Partner(Mem rship No. 118.. 11)
: I) t , , C? L( t t A A AA '~ACl! tt B~
(\mount in ~) (.\mount in ~)
31 \Inrch 2021 31 ;\Inrch 2020
1,00,00,000 1,00,00,0009,20,02,973 8,38,03,786
13,06,445 1,67,78,524
1.10.71,266 38,72,25411,-B.SO.68" IIA"':;",56J
21.06.96,616 19,.....69.920
G"~m~ .c.(DIN: 07188485)(Whole Time Director) (Company Secretary)
For and on Behalf of the BoardMIs. Adico Escorts Agri Equipments Private Limited
This is the balance sheet referred to in our report of even date.
The accompanying notes are integral part of the financial statements.
3Summary of significant accounting policies
18
19202122
'\011'
Tot:11equity and liabilitie«
Current liabilitiesFinancial LiabilitiesBorrowingsTrade payablesOther financial habilrties
Other current liabilitiesCurrent tax liabitiesShort term provisionsrotlll current lillbilitie~
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LlMITEDBalance Sheet as at 31st March 2021
For RA_l','PURA DESAI & CO.,
Chartered Accountants
3
0.420.82
32
1,71,19,756.46 88,55,808.89
31
88,55,808.891,71,19,756.46
30
1,12,60,647.00 1,36,36,337.00
1,76,42,755.00 1,70,14,967.00
22,76,104.99 18,29,493.30
65,42,126.36 72,92,951.87
4,57,93,870.33 5,13,78,004.16
47,87,75,657.89 48,44,46,014.54
2,23,70,167.78 1,23,59,317.83
2,23,70,167.78 1,23,59,317.83
52,50,411 32 35,03,508.94
1,71,19,756.46 88,55,808.89
25 (c)
26
27
28
29
39,32,94,261.2139,52,60,154.2125 Cal25 (b)
49,68,05,332.3750,11,45,825.67
49,62,10,652.37
5,94,680.00
50,06,64,676.67
4,81,149.00
2324
(Amount ill~)31 vlarch 2021)]\"otc
G""mb~ ct:..,(DIN. 07188485)
(Whole Time Director)
Summary of significant accounting policies
The accompanying notes are integral part of the financial statements.This is the statement of profit and loss referred to in our report of even date.
For aod 00 Behalf of the BoardMIs. Adico Escorts Agri Equipmeots Private Limited
Earnings per equity share
Basic (~)
Diluted (~)
Other Comprehensive Income
A i) Items that will not be reclassified to profit and loss
ii) lncome tax relating to items that will not be reclassified to profit or loss
B i) [terns that will be reclassified to profit or loss
ii) lncome tax relating to items that will be reclassified to profit or lossOtber Comprehensive Income for the year
Total Comprehensive Income for the year
Net profit for tbe year
Profit before Exceptional Items and Tax
Exceptional items
Profit before Tax from Continuing Operations
Tax expense
Profit (Loss) for tbe period from Continuing Operatioos
Profit/tloss) from discontinued operations
Tax expense of discontinued operations
Profit/(Ioss) from Discontinued operations (after tax)
Changes in inventories offinished goods, work-in-progress andtraded goods
Employee benefits expense
Finance costs
Depreciation and amortisation expense
Other expenses
Expenses
Cost of raw material and components consumedPurchases of traded goods
Revenue from operations
Other income
Revenue
(Company Secretary)
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITEDStatement of Profit and Loss for the period ended on 31st March 2021
(Amount in ~
31 March 2021
(Company Secretary)
G.,"mb~ aP..te,(DIN: 07188485)(Whole Time Director)
For R~NPURA DESAI & CO.,Chartered Accountants
3Summary ofsigniJicant accounting policiesThe accompanying notes are integral part of the financial statements.This is the statement of profit and loss referred to in our report of even date.
For and on Behalf of the BoardMIs.Adico Escorts Agri Equipments Private Limited
0.420.82
32Earnings per equity shareBasic (~)
Diluted (t)
88,55,808.891,71,19,756.46
31Other Comprebensive IncomeA i) Items that will not be reclassified to profit and loss
ii) Income tax relating to items that WIllnot be reclassified to profit or loss
B i) [terns that will be reclassified to profit or loss
ii) Income tax relatmg to items that will be reclassified to profit or lossOtber Comprebensive Income for the yearTotal Comprehensive Income for the year
88,55,808.891,71,19,756.46Net profit for tbe year
1,12,60,647.00 1,36,36,337.00
1,76,42,755.00 1,70,14,967.00
22,76,104.99 18,29,493.30
65,42,126.36 72,92,951.87
4,57,93,870.33 5,13,78,004.16
47,87,75,657.89 48,44,46,014.54
2,23,70,167.78 1,23,59,317.83
2,23,70,167.78 1,23,59,317.83
52,50,411.32 35,03,508.94
1,71,19,756.46 88,55,808.89
30
Profit before Exceptional Items and TaxExceptional items
Profit before Tax from Continuing OperationsTax expense
Profit (Loss) for the period from Continuing OperationsProfit/(Ioss) from discontinued operations
Tax expense of discontinued operations
Profit/Closs) from Discontinued operations (after tax)
25 (c)
26
27
28
29
Changes in inventories of finished goods, work-in-progress andtraded goods
Employee benefits expense
Finance costs
Depreciation and amortisation expense
Other expenses
39,32,94,261.2139.52,60,154.2125 (a)25 (b)
Expenses
Cost of raw material and components consumed
Purchases of traded goods
49,68,05,332.3750,11,45,825.67
23
24
49,62,10,652.37
5,94,680.00
50,06,64,676.67
4,81,149.00
Revenue from operations
Other income
Revenue
(Amount ill t)31 \larch202Q31 i\larch 2021Note
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITEDStatement of Profit and Loss for the period ended on 31st March 2021
(Amount in ~
(13, II ,941.00)
3,18,24,185.00 (1,71,94,030.00)
(11,21,634.00) (9,41,752.00)
( 1,00,71,485.82) (2,42,329.87)
(2,78,39,657.77) 1,75,85,092.47
(8,19,182.00)
(82,73,067.32) (60,28,879.90)
81,99,187.48 (1,46,42,480.44)
2,38,78,901.70 (4,84,760.74)
2,38,78,901.70 (4,84,760.74)
Decrease/(Increase) in other current assets
Decrease/ (increase) in trade and other receivables
(Decrease)/ increase inother financialliabilites
(Decrease)/ Increase in other liabilites
Decrease in trade and other payables
Cash flow from operating activities post working capital changes
income tax paid (net)
Net cash flow from operating activities (A)
Movement in working capital
Decrease/ (Increase) in non-current loans
Decrease/(Increase) in inventories
increase in other financial assets
2,09,79,619.003,32,92,497.13
25,85,247.00
Provision for doubtful advances/receivables
Movement in provision for employee benefits and others
Amounts/assets wri tten off
Unclaimed balances and excess provisions written back
Mark to market of derivative asset
Operating profit before working capital Changes
Preliminary expenses written off
Loss on sale of non current investments
18,29,493.3022,76,104.99
Gain on fair valuation of financial instruments (net)
Dividend income
Gain on foreign currency transactions (net)
Finance costs
(3,82,144.00)
(1,20,000.00)
(3,61,149.00)
(1,20,000.00)Rent income
72,92,951.8765,42,126.36Depreciation and amortisation expense
Gain on disposal of fixed assets (net)
Deferred income on security deposit received
interest income
Adjustments for:
1.23,59,317.83223,70,167.78Profit before tax
A CASH FLOW FROM OPERA nNG ACTIVITIES
(Amount in ~)31 Marcb 2020
(.\mount in ~)31 March 2021
ADICO ESCORTS AGRJ EQUIPMENTS PRIVATE LIMITEDCash FJow Statement for the year ended 31 March 2021
Hemali S. Patel
For R<\j'I,'PUR4 DES.<\l& CO.
~Gautambhai C. Santoki(DIN: 07188485)(Whole Time Director)
For and on Behalf of the BoardM/s. Adico Escorts Agri Equipments Private Limited
(22,76,104.99) ( 18,29,493.30)
(22,76,104.99) 52,70,506.70
1,25,53,008.71 1,98,230.96
2,81,738.96 83,508.00
1,28,34,748.67 2,81,738.96
lncrease in cash and cash equivalents (A+B+C)
Cash ana cash equivalents at the begining of the year
Cash and cash equivalents at the end of the year
71,00,000.00
Proceeds from issue of capital (including securities premium and share application money)
Repayment from long-term borrowings (net)
Proceeds from short-term borrowings (net)
Repayment of short-term borrowings (net)
Movement in retained earnings
Finance cost paid
Dividend paid (including tax)
Net cash used in financing activities (C)
C CASH FLOWS FROM FINA:"iCL'IG ACfIVTTIES
(45,87,515.00)(90,49,788.00)
3,82,144.00
1,20,000.00
3,61,149.00
1.20,000.00Rent received
Dividend received
Net cash flows used in investing activities (B)
Assets held for sale
Movement in fixed deposits (net)
lnterest received
Proceeds from sale of investments
(38,88,909.00)
2,99,250.00
(15,00,000.00)
(95,30,937.00)Purchase of fixed assets (including capital work-in-progress)
Proceeds from sale/disposal of fixed assets
Purchase of intangible assets
Purchase of current and non-current investments
8 CASH FLOWS FRO~I L'\'V£STJNG ACffYITIES
(.\mount in f)311\1arch 2020
(Amount in f)311\larch 2021
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITEDCash Flow Statement for the year ended 31 March 2021
4.3 Factory Shed and Electrification thereto are depreciated, on straightline method basis, over lease period of 3 years.
4.2 Useful lives of depreciable assets and rate of depreciation forrespective fixed assets, except Factory Shed and Electrificationtherein, are adopted as prescribed under Schedule Il of theCompaniesAct, 2013.
4.1 In respect of fixed assets acquired, installed, erected, purchased,during the year is depreciated, on written down value basis, over itsuseful lives.
4 Depreciation:
3.1 Property, plant and equipment are stated at costs. The costs ofanassets comprise its purchase price, all taxes and duties other thanthose recoverable in cash or kind from the respective authorities,additions and improvements thereon as well as all expenses directlyattributable to bring the assets to its working conditions.
3 Property, plant and equipment:
2.1 The preparation of financial statements in conformity with Ind ASrequires estimates and assumptions to be made that affect thereported amount of assets and liabilities on the date of the financialstatements and the reported amount of revenues and expensesduring the reporting periods. Difference between the actual resultsand estimates made are recognized in the period in which theresults are materialized.
2 Use of Estimates:
1.1 The accompanying financial statements are prepared under thehistorical cost convention and on accrual basis of accounting and incompliance, in all materials respects, with Indian AccountingStandards (Ind AS) notified under Section 133 of the CompaniesAct, 2013 (the Act), [Companies (Indian Accounting Standard)Rules, 2015] and the relevant provisions of the Act.
1 Basis of preparation of Financial Statements:
n SIGNIFICANT ACCOUNTINGPOLICIES.
Mis. Adico Escorts Agri EquipmentsPrivate Limited, Rajkot is incorporatedon 13th June, 2011 and the Company is manufacturing & trading ofagriculturalequipmentsand its sparesand implements.
[I]
I COMPANYOVERVIEW:
Mis. ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITED, RAJKOTSIGNIFICATION ACCOUNTING POLIClES AND NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED ON 31ST MARCH 2021
2
9.1 Revenue recognized only when the amount can be reliable,measured and it is probable that future economic benefitsassociated with the transaction will flow to the Company andsignificant risk and rewards of ownership transferred to the buyerand no effective ownership is retained. There is no significantuncertainty exists as to its ultimate collection.
9 Recognition of Revenue and Expenses:
8.1 These amounts represent liabilities for goods and services providedto the Company prior to the end of the financial year which areunpaid. These amounts are unsecured and usually paid within theoperating cycle of the Company. Trade and other payables arepresented as current liabilities unless payment is not due withintwelve months after the reporting period. They are recognizedinitially at their fair value.
8 Trade and other Payables:
7.1 Trade receivables are recognized at fair value.
7 Trade Receivables:
6.4 Costs of inventories comprise of costs of purchase, costs ofconversion and other costs incurred in bringing them to theirrespective present location and conditions. Costs of raw materials,process chemicals, stores and spares, packing materials, trading andother products are determined on weighted average basis.
6.3 Costs of above inventories are assigned by using weighted averagecosts formula.
At First in First Out basis.Finished Goods
At First in First Out basis.Raw materials
6.2 Costs of inventories are measured as under,
6.1 Inventories are measured at lower of cost or net realizable value.
6 Inventories:
All assets are treated as impaired when the carrying costs thereofexceeds its recoverable value. An impairment loss is charged toProfit and Loss Statement in the year in which an asset is identifiedas impaired. The impairment loss recognized in prior accountingperiod is reversed if there has been a change in the estimates ofrecoverable amount.
5.1
5 Impairment of Assets:
Mis. ADICOESCORTSAGRIEQUIPMENTSPRIVATELIMITED,RAJKOTSIGNIFICATIONACCOUNTINGPOLICIESANDNOTESTOFINANCIALSTATEMENTS
FORTIIEYEARENDEDON31STMARCH2021
3
13.1 Provisions involving substantial degree of estimation inmeasurement are recognized when there is a present obligation as aresult of past events and it is probable that there will be an outflowof resources. Contingent liabilities are not recognized but aredisclosed in the notes. Contingent assets are neither recognized nordisclosed in the financial statements.
13 Provisions, Contingent-Liabilities and Contingent Assets:
12.2 All other borrowing costs are charged to Statement of Profit andLoss.
12.1 Borrowing costs that are attributable to the acquisition orconstruction of qualifying assets are capitalized as part of the costsof such assets. A qualifying asset is one that necessarily takessubstantialperiod to get ready for its intended use.
12 Borrowing Costs:
11.1 Employee benefits such as salaries, allowances, non-monetarybenefits and employee benefits under defined contribution planssuch as provident and other funds, which fall due for paymentwithin a period of twelve months after rendering service, arecharged as expense in the statement of profit and loss in the periodin which the service is rendered.
11 EmployeeBenefits:
10.1 Goods and Service Tax is accounted for as and when goods clearedand services are provided and as applicable, in respect of goods andservice tax reverse charge, it has been accounted for as and whenpayment has been made.
10 Goods and ServiceTax:
9.5 Revenue is measured at the fair value of the consideration receivedor receivable. Amounts disclosed in the revenue are net of salestax/value added tax, goods and service tax.
9.4 Interest income is recognized on time proportion basis taking intoaccount the amount outstanding and rate applicable.
9.3 Rental from properties is recognized on accrual basis on timeproportion basis.
9.2 Revenue from sale of goods is recognized as and when theCompany has transferred to the buyer significant risks and rewardof ownership of the goods and the amount of revenue can bemeasured reliably.
--
Mis. ADICO ESCORTS AGRI EQUlPMENTS PRIVATE LIMITED, RAJKOTSIGNIFICATION ACCOUNTING POLICIES AND NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED ON 31ST MARCH 2021
4
1.1 In the opinion of the Board, the value on realization of CurrentAssets, Loans and Advances, if realized in the ordinary Course ofBusiness, shall not be less than the amount, which is stated in thecurrent year Balance Sheet.
1 CURRENT ASSETS, LOANS & ADVANCES AND LIABILITIES:
ill NOTES ON FINANCIAL STATEMENTS:
14.7 Current and deferred tax is recognized in profit or loss, except tothe extent that it relates to items recognized in other comprehensiveincome or directly in equity.
14.6 Current tax assets and tax liabilities are offset where the Companyhas a legally enforceable right to offset and intends either to settleon a net basis, or to realize the asset and settle the liabilitysimultaneously.
14.5 Deferred tax assets and liabilities are offset when there is a legallyenforceable right to offset current tax assets and liabilities andwhen the deferred tax balances relateto the same taxationauthorities.
14.4 Deferred tax assets are recognized for all deductible temporarydifferences and unused tax losses only if it is probable that futuretaxable amounts will be available to utilize those temporarydifferences and losses.
14.3 Deferred income tax is based on temporary differences arisingbetween the tax bases of assets and liabilities and their carryingamounts in the financial statements. Deferred income tax isdetermined using tax rates that have been enacted or substantiallyenacted by the end of the reporting period and are expected to applywhen the related deferred income tax asset is realized, or thedeferred income tax liability is settled.
14.2 The current income tax charges are calculated on the basis of taxlaws enacted or substantially enacted at the end of the reportingperiod in India where the Company generate taxable income.Management periodically evaluates the position taken in tax returnswith respect to situation in which applicable tax regulation issubject to interpretation. It establishes provisions where appropriateon the basis of amounts expected to be paid to the tax authorities.
14.1 Income tax expense or credit for the period is the tax payable incurrent period taxable income based on the applicable income taxrates for India.
~.14 Income Taxes:
MIs. ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITED, RAJKOTSIGNIFICATION ACCOUNTING POLICIES AND NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED ON 31Sf MARCH 2021
5
Place: RajkotDate: 19.04.2021
For and on behalf of the Board of directorsMIs. Adico Escorts Agri Equipments Private Limited
For RANPURA DESAI & Co.,Chartered Accountants[FRN:117476W]
Gautarnb~(Whole Time Director)(DIN: 07188485)
3.2 During physical verification of fixed assets, the Company noticeddiscrepancies. However, having regard to the size of the company,the Company considered such discrepancies immaterial andtherefore the Company has written off its fixed assets of ~25,84,247/- by charging to Statement of Profit and Loss for thefinancial year ended on 31st March 2021.
3.1 The Company had extended its lease agreement for a period offurther 5 years. Addition in the Factory Building (Shed) has beenmovable and transferable hence, such amount is capitalized in thebooks of company and depreciation is calculated as per the usefullife of the Building.
3 PROPERTY, PLANT AND EQUIPMENTS AND DEPRECIATION:
2.2 However, the Company has not received any confmnation fromsuppliers regarding their status under the Micro, Small and MediumEnterprises Development Act, 2006. The company was not inposition to identify the status of its supplier but for suchinformation and the company has not either paid or provided anyinterest that is payable to them. It is not possible for the company,hence, whether any interest was required to be recognized in thefinancial statement for the year 2020-21.Further, due to want ofsuch information, the Company has not given disclosures ofprincipal amounts paid and payable, if any, as at the year-endtogether with interest paid! payable as required under the said Act.
2.1 The Company has circulated a request letter to its supplier forconfirming their status under the Micro, Small and MediumEnterprises Development Act, 2006.
2 TRADE PAYABLE COVERED UNDER MSME ACT, 2006:
1.2 The Provision for all known liabilities is reasonable and not mexcess of the amount considered reasonably necessary.
MIs. ADICO ESCORTS AGRI EQUIPMENTS PRN ATE LIMITED, RAJKOTSIGNIFICATION ACCOUNTING POLICIES AND NOTES TO FINANCIAL STATE:tv1ENTS
FOR TIffiYEARENDEDON31SfMARCH2021
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31 March 2020
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5,26,779.70
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50,01,37,896.97
50,0 1,37,896.97
23. Revenue from operationsOperating revenueRevenue from export salesRevenue from domestic sales
31 March 2021
ADICO ESCORTS AGRI EQUIPMENTS PRIV ATE LIMITEDNotes to the Financial Statements for the year ended 31 March 2021
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(Amount in f)
Name of the Related Parties Relatioos Nature of Transaction 31st March, 2021 31st March, 2020
Amul Industries PvtLtd Shareholder Rent 8824889 5495 520Interest · 74179
Loan Repaid - 29,00,000Advance 2,77,19,482 1,75,00,000
Advances received!adjusted for supply of 1,12,51,906 89,67,576goods ill pursuance of
aereementStaff welfare Expense 22,444 21,000
K. Saruoki & Sons Marketing LLP LLP in which Factory and General 479 2,350Director is Parmer Expense
Loan repaid - 26,72,660Advances received! · 5,00,00,000adjusted for supply ofgoods in pursuance of
agreement.
Interest on discounting bills 7,67,037 38,73,728
Sales 56,14,62,604 55,52,82,184Loan received 2,67,00,000
Escorts Limited Shareholder Loan repaid · 1,67,00,000Loan Outstandinz 1,00,00,000 1,00,00,000
Interest on above Loan 14,71,368 .Rent income 1,20,000 1,20,000
Warrenty Expense33,36,492 31,63,795reimbursement
Sratemennt show lng Related parties transaction during the Fiancial Year 2020·2021
(Amount in f)
Name of the Key managerial Personal Relation Nature of Transaction 31st March, 2021 31st March, 2020
Gautam Chanduial Santoki Director Salary Expense 24,00,000 24,00,000
Statemcnnt sllowing Key Managerial Personal Compensation for the Financial' ear 2020-2021Short term employee benefits:
taternenut onlllg ontro II1gparties 0 r re concern.Holding Ratio
Name of The Controlling Party Relations31st March, 2021 31st March, 2020
Amul Industries Private Limited Associate 49.00% 49.00%Escorts Limited Associate 40.00% 40.00%
r III"cShs
ADICO ESCORTS AGRI EQUIPMENTS PRIVATE LIMITEDRelated Party Disclosures as per IND AS 24
3 Advances to SuppliersAdvances given for purchases of capital assetsAdvances given for purchases and servicesDir. Central Farm &Machin. Train. & Testing lnst.
" Balances IIith Statutory \ulhoriliesGST 2,33,24,923.02 1,92,82,663.54VAT 2,49,494.52res/res 1,21,146.00 38,738.00
2,34,46,069.02 1,95,70,896.06
5 Other Assets: Income Accrued and DueInterest Receivable PGVCL 71,206.20Escorts Ltd Rajkot Depot (Rent)Purchase Credit Note Receivable
71,206.20
6 Balances with BankDena Bank Current NC 80,696.50 43,829.00SBI Current NC 1,26,73,113.11 2,12,305.34
1,27,53,809.61 2,56,134.34
7 Other Provisions- STProvsion for Bonus 4,93,477.00 4,00,000.00Audit Fee Payable 1,15,625.00 1,12,500.00Price Escalation 88,91,587.23 19,14,553.00Provisions for other expenses 2,31,886.00 2,07,096.00
97,32,575.23 26,34,149.00
II l nsecured Short Term Borrow ings from i\ lembers
'" (Amount in ~ (Amount ill t)31 .\larch 2021 J I March 2020
Security Deposits considered GoodBroadband Security Deposit 2,799.00NSC (VlII Issue) 10,000.00 10,000.00Security Deposit- C02 Gas Cylinder 12,000.00 12,000.00Security Deposit- New Premises 13,15,240.00Security Deposit- PGVCL 100KW 2,64,190.00 2,64,190.00Security Deposit- Gujarat Gas Limited 54,600.00 54,600.00Telephone Deposit BSNL 500.00
16,56,030.00 3,44,089.00
2 Loan to Employees
ADICO ESCORTS AGRI EQUlPMENTS PRIVATE LIMITEDNotes to the Financial Statements for the year ended 31 March 2021
.... 9 L'nsecured Short Term Borrowinas Inter Corporate Deposits
Escorts Limited 1,00,00,000.00 1,00,00,000.001,00,00,000.00 1,00,00,000.00
10 Trade PII~ables- dues to other than Vllcru 01'Small EnterprisesTrade Payables for Expenses and Services 24,54,077.28Trade Payables for ServicesTrade Payables for Vendors 9,15,76,883.05 8,12,67,934.29Trade Payables on Hold 4,26,089.00 81,774.00
9,20,02,973.05 8,38,03,785.57
11 Advances ReceivedAmul IndustriesPvt Ltd. 1,64,67,576.00
1,64,67,576.00
12 Statuto!")' DuesGujarat Labour Welfare Fund - Company 516.00 936.00Gujarat Labour Welfare Fund - Employee 180.00 180.00Professional Tax - Employee 7,230.00 6,350.00Professional Tax - Contractor 3,100.00 3,100.00Provident Fund Payable 1,44,296.00 1,21,475.00Sales Tax Payable 3,47,208.48GST (RCM) Payable 19,971.00 17.484.00IGST PayableIDS Payable 7,80,352.21 1,57,832.88Income tax payable 3,590.00 3,590.00
13,06,444.69 3,10,947.88
lJ Revenue from Domestic SalesTractor 48,79,91,000.00 48,39,75,000.00Tractor Parts 1,21,46,896.97 1,17,62,798.49Miscellanous 18%FOC 476.50
50,01,37,896.97 49,57,38,274.99
14 PurchaseLOCAL P(jRCHASEPurchase 12%Registered 12,175.00 92,504.00Purchase 18%Registered 23,57,57,621.67 22,93,08,208.47Purchase 28% Registered 52,78,042.11 98,76,224.29Purchase 5% RegisteredPurchase Tax Free 13,77,500.00 11,00,000.00
24,24,25,338.78 24,03,76,936.76OGS PURCHASEPurchase 12% 5,74,267.00 3,92,134.40Purchase 18% 11,35,20,446.46 16,39,55,412.83Purchase 28% 1,81,76,563.97 1,94,00,144.22Purchase 5%
13,22,71,277.43 18,37,47,691.45Total Purchase 37,46,96,616.21 42,41,24,628.21
14 Salary. \\ ages and BOHW,
Wages 11,30,014.00 11,48,663.00Bonus Expense 5,47,790.00 4,12,024.00Prior period Bonus Provision Written offSalary Expenses 1,07,23,449.00 92,81,237.00Contractor Employment 36,89,371.00 46,36,377.00
1,60,90,624.00 1,54,78,301.00
I:' Starr WelfareStaff Welfare Expense Registered 84,035.00 1,13,960.00Staff Welfare Expense Unregistered 36,860.00 88,600.00Tea Expense 2,84,465.00 3,73,284.00Water Expense Unregistered 5,850.00 1,11,725.00Gujarat Welfare Fund 408.00 1,104.00
4,11,618.00 6,88,673.00
16 Interest on lIuodiInterest 00 Hundi paid during the year 7,67,037.74 14,46,420.51Provision for Interest on Hundi
7,67,037.74 14,46,420.51
17 .lobworkJobwork Charges Regular (Registered) 88,28,974.25 1,03,88,734.49Jobwork Charges Regular (Unregistered) 16,03,876.00 18,71,663.00Jobwork Cbarges (Other Unregistered) 90,35,565.00 1,00,75,496.00Jobwork Cbarges (Other Registered) 9,59,441.18Jobwork Charges ( JTD ) 2,91,085.00 71,687.00
2,07,18,941.43 2,24,07,580.49
18 Tractor Testing ChargeUnregistered Tractor Testing Expense 5,400.00Registered Tractor Testing Expense 1,65,000.00
5,400.00 1,65,000.00
19 Other "'anufllcturing ExpensesUnregistered Material Testing Expense 36,300.00 11.100.00Unregistered Loading and Unloading ExpenseCrane Hiring Cbarges 5,500.00Registered Material Testing Expense 61,553.06 73,357.50Factory General Expense 17,60,51592 28,52,376.95Electric Misc Expense Registered 1,39,008.54 2,05,353.96
20,02,877.52 31,42,188.41
211 \\ arrantiesMaterial Warranty Expense 10,79,000.00
10,79,000.00
21 Travelling and ConveyanceLocal Conveyancae on Duty- ExemptLocal Conveyancae on Duty- No RCM No ITCLocal Conveyancae on Duty- UnregisteredRegistered Director Travelling ExpenseRegistered Staff Travelling ExpenseRCM Travelling ExpenseHotel Expenses 85,752Railway FareTravelling Expenses- No RCM No lTC 9,85,923.00Staff Travelling Expenses- No ReM No lTC 5,01,994.00 5,66,706.00Director Travelling Expenses- No RCMNo ITC 1,13,436.00 5,77,054.00Dboraji Depo Travelling Expense
6,15,430.00 22,15,434.52
22 1c~al and ProfessionalAudit Fee 1,25,000.00 1,40,000.00ISOConsultancy Certification Fees 77,634.00 26,000.00Legal & Professional Expenses 3,15,350.00 3,95,703.00
5,17,984.00 5,61,703.00
2J vllscetlanou-, Expen-es
Service Expense 4,00,721.00 12,83,859.00
Air Compressure Charges 4,78,943.00
Guest House Expenses 3,26,350.00 3,52,109.00
Guest & Entertainment Expenses 2,140.00Fees and Subscription 9,54,377.00 22,92,593.00Interest paid on sales tax 1,16,79600Technical Testing Charges 2,5 1,80I.93 39,912.00Technical Consultancy Charges 1,00,000.00Material for Development & Testing Expense 7,285.00Kasar (2,422.88) 1,173.97Office Expense 1,16,263.00 75,628.00ROC Fees 3,000.00 1,200.00Security Expense 4,76,248 4,43,659.00Sales Tax Paid on Assesment 4,62,216Vehicle (Registered) 2,71,530.00 57,636.80Vehicle (Unregistered) 1,50,772.00Gardening Expenses 17,848.00GST on FOC Sales 2,25,094.20 10,24,902.30Balance written off 23.000.00Prior Period TDSrrCS 1,57,977.00Penalty paid on Sales Tax 17,691.00Income tax 10,000.00Rickshaw Fare Exp,Event Management Exp. 47,861.00 3,63,316.49
44,13,871.25 61,37,609.56
