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RELIANCE AGRI PRODUCTS DISTRIBUTION LIMITED

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					                                   Annual Report
                                     2009 - 2010




RELIANCE AGRI PRODUCTS DISTRIBUTION LIMITED
                                                                          Reliance Agri Products Distribution Limited                1




Directors’ Report

Dear Members,                                                    Dividend

Your Directors are pleased to present the Third Annual Report    Your Directors have not recommended any dividend on Equity
and the Audited Accounts for the year ended on March 31,         Shares for the year under review.
2010.
                                                                 Directors
Financial Results
                                                                 Pursuant to the provisions of Section 260 of the Companies
The financial performance of the Company for the year ended      Act, 1956 and the Articles of Association, Shri Pankaj Pawar
on March 31, 2010 is summarized below:                           and Shri Ramesh Damani was appointed as Additional
                                                                 Directors on the Board with effect from March 31, 2010 and
                                         (Amount in Rupees)      April 22, 2010 respectively. Shri Pankaj Pawar and Shri
                                                                 Ramesh Damani shall hold office upto the date of the ensuing
                                  2009-2010       2008-2009      Annual General Meeting. The Company has received notices
                                                                 in writing under Section 257 of the Companies Act, 1956 from
Gross Profit/(Loss) before                                       a member proposing the candidature of Shri Pankaj Pawar and
Depreciation, Interest and Tax (7 92 16 711) (11 03 55 439)      Shri Ramesh Damani for the office of Director, liable to retire
                                                                 by rotation. Your Directors recommend their appointment as
                                                                 Directors of the Company.
Less:     Interest                          -               -
                                                                 Shri Srinivasan Chakravarthy and Shri Sanjeev Kumar Asthana
          Depreciation            31 12 377         8 32 986
                                                                 resigned from the office of Director of the Company with
                                                                 effect from March 31, 2010 and April 22, 2010 respectively.
Profit/(Loss) before Tax       (8 23 29 088) (11 11 88 425)
                                                                 The Board wishes to place on record the valuable contribution
                                                                 made by them during their tenure as Director of the Company.
Less: Provision for
                                                                 In accordance with the provisions of the Companies Act, 1956,
        Fringe Benefit Tax                  -      10 74 848     Shri C. R. Srinath retires by rotation and being eligible, offers
                                                                 himself for reappointment at the ensuing Annual General
        Deferred Tax           (2 99 34 690)    (3 43 40 528)    Meeting.

Profit/(Loss) after Tax        (5 23 94 398)    (7 79 22 745)    Directors' Responsibility Statement

Balance brought forward        (7 82 63 549)      (3 40 804)     Pursuant to the requirement under Section 217(2AA) of the
from Previous Year                                               Companies Act, 1956 with respect to Directors' Responsibility
                                                                 Statement, it is hereby confirmed that:
Balance carried to            (13 06 57 947)    (7 82 63 549)
Balance Sheet                                                    (i)   in the preparation of the accounts for the year ended 31st
                                                                       March, 2010, the applicable accounting standards have
Operational and Financial Review                                       been followed and there are no material departures from
                                                                       the same;
The Company through its wholesale distribution outlets and
agri-business centres sources staples, fruits, vegetables and    (ii) the Directors have selected such accounting policies and
other agricultural produce. The Company also provides services        applied them consistently and made judgments and
for procurement of agricultural products.                             estimates that are reasonable and prudent so as to give a
                                                                      true and fair view of the state of affairs of the Company
The Company has incurred a loss of Rs. 5 23 94 398 for the            at the end of the financial year and of the loss of the
financial year ended March 31, 2010. With the optimisation            Company for the period under review;
of resources and further scaling up of operations, the Company
is confident of posting better results in the future.            (iii) the Directors have taken proper and sufficient care for
                                                                       the maintenance of adequate accounting records in
2           Reliance Agri Products Distribution Limited




        accordance with the provisions of the Companies Act,          in the Report of Board of Directors) Rules, 1988, are as under:
        1956 for safeguarding the assets of the Company and for
        preventing and detecting fraud and other irregularities;      i.    Part A and B of the Rules, pertaining to conservation of
                                                                            energy and technology absorption, are not applicable to
    (iv) the Directors have prepared the accounts for the year              the Company.
         ended 31st March, 2010 on a 'going concern' basis.
                                                                      ii.   Foreign Exchange Earnings and Outgo:
    Auditors
                                                                            Foreign Exchange Earned      :   Rs. Nil
    During the year, Messers S. R. Batliboi & Co., Chartered
    Accountants, resigned as joint statutory auditors of the                Foreign Exchange Used        :   Rs. 98 727
    Company. Messrs Chaturvedi & Shah, Chartered Accountants,
    continue as statutory auditor of the company. Messrs              Acknowledgement
    Chaturvedi & Shah, Chartered Accountants, Statutory Auditors
    of the Company, hold office until the conclusion of the ensuing   Your Directors would like to express their grateful appreciation
    Annual General Meeting of the Company and are eligible for        for assistance and cooperation received from Reliance Industries
    re appointment.                                                   Limited, Reliance Retail Limited, Banks, Government
                                                                      Authorities, Customers, Vendors, Employees and Members
    The Company has received letter from them to the effect that      during the year under review.
    their re-appointment, if made, would be within the prescribed
    limits under Section 224(1B) of the Companies Act, 1956 and       For and on behalf of the Board of Directors
    that they are not disqualified for such re-appointment within
    the meaning of Section 226 of the Companies Act, 1956.
                                                                      C. R. Srinath
    Particulars of Employees                                          Director

    As required under the provisions of Section 217(2A) of the
    Companies Act, 1956, read with the Companies (Particulars         Pankaj Pawar
    of Employees) Rules, 1975, as amended, the names and other        Director
    particulars of the employees are set out in the Annexure to
    this Report.
                                                                      Place: Mumbai
                                                                      Date: April 22, 2010
    Conservation of Energy, Technology Absorption and
    Foreign Exchange Earnings and Outgo

    The particulars relating to conservation of energy, technology
    absorption and foreign exchange earnings and outgo, required
    to be furnished pursuant to Section 217(1)(e) of the Companies
    Act, 1956, read with Companies (Disclosures of Particulars
                                                                           Reliance Agri Products Distribution Limited                3




Auditors’ Report

To the Members of                                                     e)    On the basis of written representations received from
RELIANCE AGRI PRODUCTS DISTRIBUTION LIMITED                                 the Directors as on March 31, 2010 and taken on
                                                                            record by the Board of Directors, we report that
We have audited the attached Balance Sheet of RELIANCE                      none of the Directors is disqualified as on March 31,
AGRI PRODUCTS DISTRIBUTION LIMITED (‘the                                    2010 from being appointed as a director in terms of
Company’) as at March 31, 2010, the Profit and Loss Account                 clause (g) of sub-section (1) of section 274 of the
and also the Cash Flow Statement for the year ended on that                 Companies Act, 1956;
date. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an             f)    In our opinion and to the best of our information
opinion on these financial statements based on our audit.                   and according to the explanations given to us, the
                                                                            said accounts give the information required by the
1.   We have conducted our audit in accordance with the                     Companies Act, 1956, in the manner so required, and
     Auditing Standards generally accepted in India. Those                  give a true and fair view in conformity with the
     standards require that we plan and perform the audit to                accounting principles generally accepted in India:
     obtain reasonable assurance about whether the financial
     statements are free of material misstatement. An audit                 (i)   in the case of the Balance Sheet, of the state of
     includes examining, on a test basis, evidence supporting                     affairs of the Company as at March 31, 2010;
     the amounts and disclosures in the financial statements.
     An audit also includes assessing the accounting principles             (ii) in the case of the Profit and Loss Account, of
     used and significant estimates made by the management,                      the loss for the year ended on that date; and
     as well as evaluating the overall financial statement
     presentation. We believe that our audit provides a                     (iii) in the case of the Cash Flow Statement, of the
     reasonable basis for our opinion.                                            cash flows for the year ended on that date.

2.   As required by the Companies (Auditor’s Report) Order        For Chaturvedi & Shah
     2003 (as amended) issued by the Central Government of        Firm Registration No: 101720W
     India in terms of sub-section (4A) of section 227 of the     Chartered Accountants
     Companies Act, 1956, we enclose in the Annexure a
     statement on the matters specified in paragraphs 4 and 5
     of the said Order.
                                                                  Jignesh Mehta
3.   Further to our comments in the Annexure referred to
                                                                  Partner
     above, we report that:
                                                                  Membership No.: 102749

     a)   We have obtained all the information and
                                                                  Place: Mumbai
          explanations, which to the best of our knowledge and
                                                                  Date : April 22, 2010
          belief were necessary for the purposes of our audit;

     b)   In our opinion, proper books of account as required
          by law have been kept by the Company so far as
          appears from our examination of those books;

     c)   The Balance Sheet, the Profit and Loss Account and
          Cash Flow Statement dealt with by this report are
          in agreement with the books of account;

     d)   In our opinion, the Balance Sheet, Profit and Loss
          Account and Cash Flow statement dealt with by this
          report comply with the mandatory Accounting
          Standards referred to in sub-section (3C) of section
          211 of the Companies Act, 1956;
4             Reliance Agri Products Distribution Limited



    Annexure referred to in Paragraph 2 of our report of even date
    Re: Reliance Agri Porducts Distribution Limited (‘the Company’)



    1.   a)    The Company has maintained proper records                       Act. 1956 that needs to be entered into the register
               showing full particulars, including quantitative details        maintained under section 301. Therefore, the provisions
               and situation of fixed assets.                                  of clause (v) (b) of the Companies (Auditor’s Report)
                                                                               Order 2003, (as amended) is not applicable to the
         b)    Fixed assets have been physically verified by the               Company.
               management in a phased periodical manner as per
               regular programme of verification, which in our            6.   The Company has not accepted any deposit from the
               opinion is reasonable, having regard to the size of             public.
               the Company and nature of its assets. As informed,
               no material discrepancies were noticed on such             7.   In our opinion, the Company has an internal audit system
               physical verification.                                          commensurate with the size and nature of its business.

         c)    There are no substantial disposals of fixed assets         8.   To the best of our knowledge and as explained, the Central
               during the year.                                                Government has not prescribed the maintenance of cost
                                                                               records under Section 209 (1) (d) of the Companies Act,
    2.   In respect of its inventories:                                        1956.

         a)    The inventory has been physically verified during          9.   In respect of statutory dues:
               the year by the management. In our opinion, the
               frequency of verification is reasonable.                        a)   According to the records of the Company, the
                                                                                    Company is regular in depositing with appropriate
         b)    The procedures of physical verification of inventories               authorities undisputed statutory dues including
               followed by the management are reasonable and                        provident fund, investor education and protection
               adequate in relation to the size of the Company and                  fund, employees’ state insurance, income-tax, sales-
               the nature of its business.                                          tax, wealth-tax, service tax, customs duty, cess and
                                                                                    other statutory dues applicable to it. According to
         c)    The Company has maintained proper records of                         the information and explanations given to us, no
               inventory. As explained to us, there were no material                undisputed amounts payable in respect of provident
               discrepancies noticed on physical verification of                    fund, investor education and protection fund,
               inventory.                                                           employees’ state insurance, income-tax, wealth-tax,
                                                                                    service tax, sales-tax, customs duty, cess and other
    3.   The Company has neither granted nor taken any loan,                        undisputed statutory dues were outstanding, as at
         secured or unsecured to/from companies, firms and other                    March 31, 2010 for a period of more than six months
         parties covered in the Register maintained under Section                   from the date they became payable.
         301 of the Companies Act, 1956.Therefore, the provisions
         of clause (iii) (b), (c), (d), (f), (g) of the Companies              b)   According to the information and explanation given
         (Auditor’s Report) Order 2003, (as amended) are not                        to us, there are no dues of sales tax, income tax,
         applicable to the Company.                                                 wealth tax, service tax, custom duty, excise duty and
                                                                                    cess which have not been deposited on account of
    4.   In our opinion and according to the information and                        any dispute.
         explanations given to us, there is an adequate internal
         control system commensurate with the size of the                 10. The Company has been registered for a period of less than
         Company and the nature of its business, for the purchase             five years and hence we are not required to comment on
         of inventory and fixed assets and for the sale of goods              whether or not the accumulated losses at the end of the
         and services. During the course of our audit, no major               financial year is fifty per cent or more of its net worth
         weakness has been noticed in the internal control system             and whether it has incurred cash losses in such financial
         in respect of these areas.                                           year and in the immediately preceding financial year.

    5.   According to information and explanation given to us, we         11. The company has not raised loans from Financial
         are of the opinion that there are no contracts or                    Institutions or Banks or by issue of Debentures and hence
         arrangements referred to in section 301 of the Companies             Clause 4 (xi) of the Companies (Auditor’s Report) Order
                                                                         Reliance Agri Products Distribution Limited                5



Annexure referred to in Paragraph 2 of our report of even date
Re: Reliance Agri Porducts Distribution Limited (‘the Company’)



    2003, (as amended) are not applicable to the Company.        18. The Company has not made any preferential allotment
                                                                     of shares to parties and companies covered under Register
12. In our opinion and according to the explanations given to        maintained under section 301 of the Companies Act, 1956.
    us and based on the information available, no loans and
    advances have been granted on the basis of security by       19. The Company did not have any outstanding debenture
    way of pledge of shares, debentures and other securities.        during the year.

13. In our opinion, the Company is not a chit fund or a nidhi/   20. The Company has not raised any monies by way of public
    mutual benefit fund/ society. Therefore, the provisions of       issue during the year.
    clause 4(xiii) of the Companies (Auditor’s Report) Order
    2003, (as amended) are not applicable to the Company.        21. Based upon the audit procedures performed for the
                                                                     purpose of reporting the true and fair view of the financial
14. In our opinion, the Company is not dealing or trading in         statements and as per the information and explanations
    shares, securities, debentures and other investments and         given by the management, we have not come across any
    therefore the provisions of clause (xiv) of the Companies        instance of material fraud on or by the Company, noted
    (Auditor’s Report) Order 2003, (as amended) are not              or reported during the course of our audit.
    applicable.
                                                                 For Chaturvedi & Shah
15. According to information and explanation given to us the     Firm Registration No : 101720W
    Company has not given any guarantee for loans taken by       Chartered Accountants
    others from bank or financial institutions. Therefore, the
    provisions of Clause (xv) of Companies (Auditor’s
    Report) Order 2003, (as amended) are not applicable.
                                                                 Jignesh Mehta
16. The term loans raised by the company were applied for        Partner
    the purpose for which loans were obtained.                   Membership No.: 102749

17. According to the information and explanations given to       Place: Mumbai
    us and on an overall examination of the balance sheet of     Date : April 22, 2010
    the Company, we report that no funds raised on short-
    term basis have been used for long-term investment.
6           Reliance Agri Products Distribution Limited



    Reliance Agri Products Distribution Limited
    Balance Sheet as at 31st March, 2010

                                                                                                                In Rupees
                                                  Schedule                    As at                         As at
                                                                        31st March, 2010              31st March, 2009
    SOURCES OF FUNDS
    Shareholders’ Funds
         Share Capital                                A                         5 00 000                         5 00 000
    Loan Funds
         Unsecured Loans                              B                      33 87 69 586                    19 87 49 933
         TOTAL                                                               33 92 69 586                    19 92 49 933
    APPLICATION OF FUNDS
    Fixed Assets                                      C
         Gross Block                                         2 99 39 561                       3 60 81 301
         Less: Depreciation                                    28 20 558                          8 32 986
         Net Block                                           2 71 19 003                       3 52 48 315
         Capital Work-in-Progress                            5 29 53 360                       2 46 47 546
                                                                              8 00 72 363                     5 98 95 861
    Deferred Tax Assets                                                       6 44 50 705                     3 45 16 015
    Current Assets, Loans and Advances
    Current Assets                                    D
         Inventories                                          4 92 94 628                      4 63 80 252
         Sundry Debtors                                       2 78 12 609                      3 53 20 311
         Cash and Bank Balances                                 92 28 456                      1 58 32 609
                                                              8 63 35 693                      9 75 33 172
    Loans and Advances                                E       2 52 74 947                      2 45 17 685
                                                             11 16 10 640                     12 20 50 857
    Less :
    Current Liabilities and Provisions                F
           Current Liabilities                               4 61 85 617                       8 89 56 549
           Provisions                                          13 41 252                         65 27 000
                                                             4 75 26 869                       9 54 83 549
    Net Current Assets                                                        6 40 83 771                     2 65 67 308
    Miscellaneous Expenditure                         G                             4 800                           7 200
    (To the extent not written off or adjusted)
    Profit and Loss Account                                                  13 06 57 947                     7 82 63 549
          TOTAL                                                              33 92 69 586                    19 92 49 933
    Significant Accounting Policies                   K
    Notes on Accounts                                 L
    As per our Report of even date                                                          For and on behalf of the Board

    For Chaturvedi & Shah                                                                   C. R. Srinath
    Chartered Accountants                                                                   Director

    Jignesh Mehta                                                                           Pankaj Pawar
    Partner                                                                                 Director
    Membership No: 102749

    Mumbai
    Dated : 22nd April, 2010
                                                             Reliance Agri Products Distribution Limited           7


Reliance Agri Products Distribution Limited
Profit and Loss Account for the year ended 31st March, 2010

                                                                                                    In Rupees
                                                  Schedule         2009-10                      2008-09
INCOME
      Turnover                                                      74 53 97 488                  46 51 45 610
      Other Income                                      H               2 58 148                          35 024
      Variation in Stocks                               I              19 41 351                   4 49 15 339
                                                                    74 75 96 987                  51 00 95 973
EXPENDITURE
      Purchases                                                     73 11 47 386                  52 09 87 849
      Operating and Other Expenses                      J            9 56 66 312                   9 94 63 563
      Depreciation                                                     31 12 377                     8 32 986
                                                                    82 99 26 075                  62 12 84 398
Profit/ (Loss) before Tax                                           (8 23 29 088)               (11 11 88 425)
      Provision for Fringe Benefit Tax                                          -                   10 74 848
      Provision for Deferred Tax                                    (2 99 34 690)                (3 43 40 528)
Profit/ (Loss) after Tax                                            (5 23 94 398)                (7 79 22 745)
      Add: Balance brought forward from Previous Year               (7 82 63 549)                  ( 3 40 804)
Balance carried to Balance Sheet                                   (13 06 57 947)                (7 82 63 549)
Basic and Diluted Earnings per Share of face value
of Rs 10 each (in Rupees)                                              (1,047.89)                   (1,558.45)
[Refer Note 9, Schedule ‘L’]
Significant Accounting Policies                         K
Notes on Accounts                                       L

As per our Report of even date                                                  For and on behalf of the Board

For Chaturvedi & Shah                                                           C. R. Srinath
Chartered Accountants                                                           Director

Jignesh Mehta                                                                   Pankaj Pawar
Partner                                                                         Director
Membership No: 102749

Mumbai
Dated : 22nd April, 2010
8          Reliance Agri Products Distribution Limited


    Reliance Agri Products Distribution Limited
    Cash Flow Statement for the year 2009-10

                                                                                                                            In Rupees
                                                                                      2009-10                         2008-09
    A: CASH FLOW FROM OPERATING ACTIVITIES
        Net Profit/(Loss) before tax as per Profit and Loss Account                   (8 23 29 088)                     (11 11 88 425)
        Adjusted for:
        Miscellaneous Expenditure written off                               2 400                              2 400
        (Profit)/ Loss on sale/ Discarding of Assets (net)              27 54 497                                   -
        Depreciation                                                    31 12 377                           8 32 986
        Interest Income                                                   ( 5 221)                          ( 35 024)
                                                                                         58 64 053                           8 00 362
        Operating Profit before Working Capital Changes                               (7 64 65 035)                     (11 03 88 063)
        Adjusted for:
        Trade and Other Receivables                                     70 24 797                      (5 53 39 687)
        Inventories                                                   ( 29 14 376)                     (4 51 74 598)
        Trade Payables                                            (4 11 25 647)                          9 02 62 451
                                                                                      (3 70 15 226)                      (1 02 51 834)
        Cash Generated from Operations                                               (11 34 80 261)                     (12 06 39 897)
        Taxes Paid                                                                      ( 2 70 069)                          ( 41 252)
        Net Cash used in Operating Activities                                        (11 37 50 330)                     (12 06 81 149)
    B: CASH FLOW FROM INVESTING ACTIVITIES
        Purchase of Fixed Assets                                                      (4 04 36 609)                      (6 07 28 848)
        Sale/ Decapitalization of Fixed Assets                                           75 62 199                                   -
        Interest Income                                                                         933                             35 024
        Net Cash used in Investing Activities                                         (3 28 73 477)                      (6 06 93 824)
    C: CASH FLOW FROM FINANCING ACTIVITIES
        Proceeds from Long Term Borrowings                                            91 49 80 941                       31 64 80 810
        Repayment of Long Term Borrowings                                            (77 49 61 288)                     (12 03 31 059)
        Net Cash from Financing Activities                                            14 00 19 653                       19 61 49 751
        Net Increase/(Decrease) in Cash and Cash Equivalents                           ( 66 04 154)                       1 47 74 778
        Opening Balance of Cash and Cash Equivalents                                   1 58 32 609                          10 57 831
        Closing Balance of Cash and Cash Equivalents                                     92 28 455                        1 58 32 609



    As per our Report of even date                                                                    For and on behalf of the Board

    For Chaturvedi & Shah                                                                             C. R. Srinath
    Chartered Accountants                                                                             Director

    Jignesh Mehta                                                                                     Pankaj Pawar
    Partner                                                                                           Director
    Membership No: 102749

    Mumbai
    Dated : 22nd April, 2010
                                                                         Reliance Agri Products Distribution Limited             9




Schedules forming part of the Balance Sheet

                                                                                                                    In Rupees

SCHEDULE A                                                                         As at                       As at
                                                                             31st March, 2010            31st March, 2009

SHARE CAPITAL

Authorised

     1 00 000      Equity Shares of Rs. 10 each                                      10 00 000                     10 00 000
    (1000 00)

                   TOTAL                                                             10 00 000                     10 00 000

Issued, Subscribed and Paid-up

Fully Paid-up

          50 000   Equity Shares of Rs. 10 each                                       5 00 000                      5 00 000
        (50 000)

                   TOTAL                                                              5 00 000                      5 00 000

Note:

All the above 50 000 (Previous Year 50 000) Equity shares of Rs.10 each fully paid-up are held by Reliance Retail Limited, the
holding company along with its nominees.




                                                                                                                    In Rupees

SCHEDULE B                                                                         As at                       As at
                                                                             31st March, 2010            31st March, 2009

UNSECURED LOANS

        Long Term Loan

        From holding company                                                      33 87 69 586                  19 87 49 933

        TOTAL                                                                     33 87 69 586                  19 87 49 933
                                                                                                                                                                                                                                       10

SCHEDULE C

FIXED ASSETS                                                                                                                                                               In Rupees

 Description                                         Gross Block                                                Depreciation                                   Net Block

                                 As at        Additions    Deductions/       As at            Upto           For the Deductions/       Upto             As at            As at
                            1st April, 2009                Adjustments 31st March, 2010 31st March, 2009        year Adjustments 31st March, 2010 31st March, 2010 31st March, 2009

 Plant and Machinery             13 68 861     3 54 670       3 20 484        14 03 047          95 168     2 68 910       66 926       2 97 152         11 05 895          12 73 693

 Electrical Installations        93 80 429    10 94 924      34 05 951        70 69 402        1 24 206     4 78 034     1 97 782       4 04 458         66 64 944          92 56 223

 Equipments                   1 45 80 141     19 21 558      41 38 067      1 23 63 632        2 44 710     9 19 361     3 18 039       8 46 032       1 15 17 600         1 43 35 431

 Furniture and Fixtures          29 32 515    13 34 507      11 86 774        30 80 248          51 512     2 62 286       93 279       2 20 519         28 59 729          28 81 003

 Leasehold Improvements          78 19 355     5 94 102      23 90 225        60 23 232        3 17 390    11 83 786     4 48 779      10 52 397         49 70 835          75 01 965

 Total                        3 60 81 301     52 99 761    1 14 41 501      2 99 39 561        8 32 986    31 12 377    11 24 805      28 20 558       2 71 19 003         3 52 48 315

 Previous year                            - 3 90 13 816      29 32 515      3 60 81 301               -     8 32 986            -       8 32 986       3 52 48 315                   -
                                                                                                                                                                                                                                       Reliance Agri Products Distribution Limited




 Capital Work-in-Progress                                                                                                                              5 29 53 358         2 46 47 544

Notes:

Capital Work-in-Progress includes:
                                                                                                                                                                                         Schedules forming part of the Balance Sheet




i)       Rs. 13 47 106 (Previous year Rs.13 50 042) on account of Advance against Project Contracts.

ii)      Rs. 3 61 41 218 (Previous year Rs.1 39 52 986) on account of Project Development Expenditure.

iii) Rs. 1 49 65 034 (Previous year Rs.84 77 674) on account of construction materials at site.
                                                                          Reliance Agri Products Distribution Limited            11




Schedules forming part of the Balance Sheet

                                                                                                                    In Rupees

SCHEDULE D                                                                         As at                        As at
                                                                             31st March, 2010             31st March, 2009

CURRENT ASSETS

       INVENTORIES

              Stores and Packing Materials                           12 32 283                        2 59 259

              Traded Goods                                         4 80 62 345                     4 61 20 993

                                                                                    4 92 94 628                   4 63 80 252

       SUNDRY DEBTORS (1)
       (Unsecured and Considered Good)

              Over six months                                        55 21 856

              Others                                               2 22 90 753                     3 53 20 311

                                                                                    2 78 12 609                   3 53 20 311

       CASH AND BANK BALANCES

              Cash in Hand                                           59 00 514                     1 07 75 313

              Balance with Scheduled Banks

                 In Current Accounts                                 32 54 942                       50 47 296

                 In Fixed Deposit Accounts                              73 000                          10 000

                                                                                      92 28 456                   1 58 32 609

              TOTAL                                                                 8 63 35 693                   9 75 33 172

      Note:
(1)
       Includes Rs 38 75 213 (Previous Year Rs 36 25 96) receivable from Reliance Food Processing Solutions Limited, a company
       under the same management.
12            Reliance Agri Products Distribution Limited




     Schedules forming part of the Balance Sheet

                                                                                                                           In Rupees
     SCHEDULE E                                                                            As at                       As at
                                                                                     31st March, 2010            31st March, 2009
     LOANS AND ADVANCES
     UNSECURED - (Considered good unless otherwise stated)
           Advance Income Tax (net of Provision)                                              6 65 931                       3 95 862
           Advances Recoverable in Cash or in kind or for value to be received (1)           64 99 074                     48 86 434
           Deposits                                                                        1 43 55 531                   1 55 70 503
           Balance with Service Tax/ Sales Tax Authorities, etc.                             37 54 411                     36 64 886
           TOTAL                                                                           2 52 74 947                   2 45 17 685

     (1)
           Includes Rs.18 75 773 (Previous Year Rs. Nil) receivable from Reliance Fresh Limited, a company under the same management.
           Maximum balance receivable during the year Rs. 18 75 773 (Previous Year Rs.Nil).

                                                                                                                           In Rupees
     SCHEDULE F                                                                            As at                       As at
                                                                                     31st March, 2010            31st March, 2009
     CURRENT LIABILITIES AND PROVISIONS
     Current Liabilities
           Sundry Creditors
           - Micro enterprises and Small enterprises (1)                             -                               -
           - Others (2)                                                    4 61 85 617                    8 89 56 549
           TOTAL                                                                           4 61 85 617                   8 89 56 549
     Provisions
           Provision for Leave Encashment/ Gratuity                                          13 41 252                     65 27 000
                                                                                           4 75 26 869                   9 54 83 549
     Note:
     (1)
           The Company has not received the required information from Suppliers regarding their status under the Micro, Small and
           Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year end together
           with interest paid/ payable as required under the said Act have not been made.
     (2)
           Includes Rs 36 96 431 (Previous Year Rs 1 05 27 464) for capital expenditure.

                                                                                                                           In Rupees
     SCHEDULE G                                                                            As at                       As at
                                                                                     31st March, 2010            31st March, 2009
     MISCELLANEOUS EXPENDITURE
     (to the extent not written off or adjusted)
           Issue Expenses
                As per last Balance Sheet                                                        7 200                          9 600
                Less : Written - off during the year                                             2 400                          2 400
           TOTAL                                                                                 4 800                          7 200
                                                                       Reliance Agri Products Distribution Limited       13




Schedules forming part of the Profit and Loss Account

                                                                                                            In Rupees
SCHEDULE H                                                                      2009-2010                  2008-2009
OTHER INCOME
Interest
     From Others                                                                     5 221                     22 195
Miscellaneous Income                                                              2 52 927                     12 829
      TOTAL                                                                       2 58 148                     35 024



                                                                                                            In Rupees
SCHEDULE I
                                                                                  2009-10                     2008-09
VARIATION IN STOCKS
STOCK-IN-TRADE (at close)
Traded Goods                                                                   4 80 62 345                 4 61 20 994
STOCK-IN-TRADE (at commencement)
Traded Goods                                                                   4 61 20 994                  12 05 655
      TOTAL                                                                      19 41 351                 4 49 15 339



                                                                                                            In Rupees
SCHEDULE J                                                                      2009-2010                  2008-2009
OPERATING AND OTHER EXPENSES
PAYMENT TO AND PROVISIONS
FOR EMPLOYEES
      Salaries, Wages and Bonus                                  76 98 429                   2 94 28 633
      Contribution to Provident Fund, Gratuity Fund,
      Superannuation Fund, Employee’s State Insurance Scheme,
      Pension Scheme,Labour Welfare Fund etc.                     3 55 445                    19 48 029
      Employee Welfare and other amenities                       10 41 425                    27 40 738
                                                                                 90 95 299                 3 41 17 400
SALES AND DISTRIBUTION EXPENSES
      Samples, Sales Promotion and Advertisement Expenses        13 56 448                    23 21 395
      Store Running Expenses                                    2 68 48 304                   91 27 474
      Brokerage, Discount and Commission                            63 639                    31 92 680
      Warehousing and Distribution Expenses                      41 00 818                    25 74 898
      Sales Tax                                                      2 196                       16 375
                                                                               3 23 71 405                 1 72 32 822
14         Reliance Agri Products Distribution Limited




     Schedules forming part of the Profit and Loss Account

                                                                                                    In Rupees
     SCHEDULE J (Contd.)                                               2009-2010                   2008-2009
     OPERATING AND ESTABLISHMENT EXPENSES

          Stores and Packing Materials                    21 07 773                   30 15 104

          Machinery Repairs                                  32 400                      12 922

          Building Repairs and Maintenance                12 99 251                    3 68 294

          Other Repairs                                   11 52 680                   39 58 507

          Rent including Lease Rentals                   3 21 74 907                 2 98 73 880
          Insurance                                        1 56 616                      81 484

          Rates and Taxes                                  2 92 842                    9 47 953

          Travelling and Conveyance Expenses               6 86 810                   59 42 623

          Payment to Auditors                                99 270                      35 432

          Professional Fees                                3 53 208                    3 14 415

          Loss on Sale/ Discarding of Assets              27 54 497                            -

          Security Expenses                               57 62 902                            -

          Electricity Expenses                            41 60 247                   13 75 033

          Telephone Expenses                              24 57 065                   11 66 561

          Printing and Stationery                          3 87 416                    7 58 664

          Hire Charges                                       29 637                    2 59 919

          General Expenses                                 2 89 687                         150

                                                                       5 41 97 208                 4 81 10 941

          Miscellaneous Expenditure written off                             2 400                       2 400

          TOTAL                                                        9 56 66 312                 9 94 63 563
                                                                            Reliance Agri Products Distribution Limited               15




Schedules forming part of the Balance Sheet

SCHEDULE K
SIGNIFICANT ACCOUNTING POLICIES
1   Basis of Preparation of Financial Statements
    The financial statements are prepared under the historical cost convention in accordance with the generally accepted accounting
    principles in India, Companies (Accounting Standards) Rules 2006 and the provisions of the Companies Act, 1956.
2   Use of Estimates
    The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of
    the assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the
    reporting period. Difference between the actual results and estimates are recognised in the period in which the results are
    known/ materialised.
3   Own Fixed Assets
    Fixed Assets are stated at cost net of CENVAT/ Value Added Tax less accumulated depreciation and impairment loss, if any.
    All costs attributable to Fixed Assets are Capitalised. Improvement cost on Lease premises up to the date of commercial
    operation is capitalised as “Leasehold Improvements”.
4   Lease Rentals
    Operating lease rentals are expensed with reference to lease terms and other considerations.
5   Depreciation
    Depreciation on Fixed Assets is provided on Straight Line Method at the rates and in the manner prescribed in Schedule XIV
    to the Companies Act, 1956 over their useful life except, leasehold improvements are amortized over the lower of estimated
    useful life or lease period; signages and access control system are depreciated over the estimated useful life of five years.
6   Impairment of Assets
    An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged
    to the Profit and Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in
    prior accounting period is reversed if there has been a change in the estimate of recoverable amount.
7   Foreign Currency Transactions
    a)   Transactions denominated in foreign currencies are recorded at the exchange rate prevailing at the time of the transaction
         or that approximates the actual rate at the date of the transactions.
    b)   Monetary items denominated in foreign currencies at the year end are restated at year end rates.
    c)   Non monetary foreign currency items are carried at cost.
    d)   Any income or expense on account of exchange difference either on settlement or on translation is recognised in the
         Profit and Loss Account except in case of long term liabilites, where they relate to acquisition of fixed assets in which
         case they are adjusted to the carrying cost of such assets.
8   Inventories
    Items of Inventories are measured at lower of cost and net realizable value, after providing for obsolescence, if any. Cost of
    Inventory comprises of all cost of purchase and other cost incurred in bringing them to the respective present locations and
    conditions. Cost is determined by “Weighted Average Basis”.
9   Turnover
    Turnover includes sale of goods and service, service tax, adjusted for discounts (net) and Value Added Tax (VAT), if any.
16              Reliance Agri Products Distribution Limited




     Schedules forming part of the Balance Sheet

     SCHEDULE K (Contd.)
     10 Employee Benefits
          i)     Short term employee benefits are recognised as an expense at the undiscounted amount in the Profit and Loss Account
                 of the year in which the related service is rendered.
          ii)    Post employment and other long term employee benefits are recognised as an expense in the Profit and Loss Account
                 for the year in which the employee has rendered services. The expense is recognised at the present value of the amounts
                 payable determined using actuarial valuation techniques. Actuarial gains and losses in respect of post employment and
                 other long term benefits are charged to the Profit and Loss Account.
     11   Miscellaneous Expenditure
          Preliminary and issue expenses incurred are amortized over a period of 5 years.
     12   Provision for Current Tax and Deferred Tax
          Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-tax
          Act, 1961.Deferred tax resulting from “timing difference” between taxable and accounting income is accounted for using the
          tax rates and laws that are enacted or substantively enacted as on the Balance Sheet date. The deferred tax asset is recognised
          and carried forward only to the extent that there is a virtual certainty that the asset will be realized in future.
     13   Provision, Contingent Liabilities and Contingent Assets
          Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a
          result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognised
          but are disclosed in the notes.Contingent Assets are neither recognised nor disclosed in the financial statements.
     SCHEDULE L
     NOTES ON ACCOUNTS
     1    The previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other
          disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in
          relation to the amounts and other disclosures relating to the current year.
     2    The Company in the process of setting up various facilities for conducting its business. The expenditure incurred during the
          implementation period for bringing the project in the condition of its intended use, is treated as “Project Development
          Expenditure” pending capitalisation and included in Capital Work-in-Progress. Capitalisation is done in the ratio of phased
          implementation. Necessary details as per part II of Schedule VI to the Companies Act, 1956 have been disclosed below:
          Project Development Expenditure Account (included under Capital Work-in-Progress):
                                                                                                                                 In Rupees
                                                                                                                   2009-10        2008-09
           Opening Balance                                                                                     1 39 52 985                -
           Add:
           (i)     Payments to and Provisions for Employees
                   - Salaries, Wages and Bonus                                    1 42 89 498                                  1 40 78 477
                   - Contribution to Provident Fund, Gratuity Fund,
                     Superannuation Fund, Pension Scheme etc.                         8 11 121                                   10 61 534
                   - Employee Welfare and other amenities                            11 31 718                                   12 30 562
                                                                                                 1 62 32 337
                                                                            Reliance Agri Products Distribution Limited               17




Schedules forming part of the Balance Sheet

SCHEDULE L (Contd.)
                                                                                                                      In Rupees
                                                                                                           2009-10      2008-09
     (ii)    Repairs and Maintenance:
             - Machinery                                                        44 961                                           -
             - Building                                                       2 34 542                                   16 682
             - Other                                                         16 04 051                                12 52 230
                                                                                          18 83 554                              -
     (iii)   Rent including lease rental                                                  13 33 977                   20 98 968
     (iv)    Insurance                                                                     4 20 027                      43 839
     (v)     Rates and Taxes                                                                 65 289                      57 187
     (vi)    Travelling and Conveyance Expenses                                            6 83 616                   27 23 863
     (vii)   Legal and Professional Fees                                                   7 40 086                    1 32 017
     (viii) Security Expenses                                                              6 22 761                               -
     (ix)    Electricity Expenses                                                            13 908                         834
     (x)     Telephone Expenses                                                            2 76 172                               -
     (xi)    Printing and Stationery                                                         38 395                               -
     (xii)   Hire Charges                                                                    30 544                               -
     (xiii) General Expenses                                                               1 93 910                   38 11 335
                                                                                                       2 25 34 576   2 65 07 528
     Less:
     Capitalised during the year                                                                          3 46 343   1 25 54 543
     Closing Balance                                                                                   3 61 41 218   1 39 52 985
3   Turnover Includes Income from Services of Rs 20 67 677 (Previous Year Rs. Nil).
4   The Company is mainly engaged in ‘Organised Retail’ in India. All the activities of the Company revolve around this main
    business. Accordingly, the Company has only one identifiable segment reportable under Accounting Standard 17 “Segment
    Reporting”, notified in the Companies (Accounting Standards) Rules 2006.
5   As per Accounting Standard 15 “Employee Benefits”, notified in the Companies (Accounting Standards) Rules 2006, the
    disclosures of employee benefits as defined in the Accounting Standard are given below:
    Defined Contribution Plan                                                                                         In Rupees
    Contribution to Defined Contribution Plan, recognised are charged off/ capitalised for the year are as under:
                                                                                                       2009-10         2008-09
    Employer’s Contribution to Provident Fund                                                          8 23 490      12 02 034
    Employer’s Contribution to Pension Scheme                                                          3 41 454        6 33 863
18            Reliance Agri Products Distribution Limited




     Schedules forming part of the Balance Sheet

     SCHEDULE L (Contd.)
        Defined Benefit Plan
        The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which
        recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit
        separately to build up the final obligation. The obligation for leave encashment is recognised in the same manner as gratuity.
        The Company operates post retirement benefit plans as follows:
        I)     Reconciliation of opening and closing balances of Defined Benefit obligation                                In Rupees
                                                                                   Gratuity                    Leave Encashment
                                                                                  (Unfunded)                      (Unfunded)
                                                                             2009-10         2008-09        2009-10          2008-09
               Defined Benefit obligation at beginning of the year          9 65 000                 -     55 62 000                -
               Current Service Cost                                         2 22 682         9 65 000       1 68 492       55 62 000
               Interest Cost                                                  72 375                 -              -               -
               Actuarial (gain)/ loss                                     ( 4 27 506)                -   ( 19 83 248)       7 50 723
               Benefits paid                                                        -                -   ( 32 38 543)      (7 50 723)
               Defined Benefit obligation at year end                       8 32 551         9 65 000       5 08 701       55 62 000
        II)    Reconciliation of fair value of assets and obligations
                                                                                                                           In Rupees
                                                                                   Gratuity                    Leave Encashment
                                                                                  (Unfunded)                      (Unfunded)
                                                                             2009-10         2008-09        2009-10          2008-09
               Fair value of plan assets                                            -                -              -               -
               Present value of obligation                                  8 32 551         9 65 000       5 08 701       55 62 000
               Amount recognised in Balance Sheet                           8 32 551         9 65 000       5 08 701       55 62 000

        III) Expenses recognized during the year
                                                                                                                           In Rupees
                                                                                   Gratuity                    Leave Encashment
                                                                                  (Unfunded)                      (Unfunded)
                                                                             2009-10         2008-09        2009-10          2008-09
               Current Service Cost                                         2 22 682         9 65 000       1 68 492       55 62 000
               Interest Cost on benefit obligation                            72 375                 -
               Actuarial (gain)/ loss recognised in the year              ( 4 27 506)                -   ( 19 83 248)       7 50 723
               Past service Cost                                                    -                -              -               -
               Net benefit expense/ (Income)                              ( 1 32 449)        9 65 000    ( 18 14 756)      63 12 723
               Actual return on plan asset                                          -                -              -               -
                                                                             Reliance Agri Products Distribution Limited                 19




Schedules forming part of the Balance Sheet

SCHEDULE L (Contd.)
    IV) Actuarial assumptions                                                                                              In Rupees
                                                                                  Gratuity                     Leave Encashment
                                                                                 (Unfunded)                       (Unfunded)
                                                                           2009-10          2008-09        2009-10          2008-09
          Discount rate (per annum)                                          7.50%            8.00%          7.50%             8.00%
          Rate of escalation in salary (per annum)                           6.00%            4.00%          6.00%             4.00%

    The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion
    and other relevant factors including supply and demand in the employment market. The above information is certified by
    the actuary.
6   Payment to Auditors (excluding Service Tax, wherever applicable):                                                      In Rupees
                                                                                                      2009-10               2008-09
    (i)   Audit Fees                                                                                    75 000                24 000
    (ii) Tax Audit Fees                                                                                 15 000                 4 800
                                                                                                        90 000                28 800

7   The Deferred Tax Assets (net) comprises of the following:                                                              In Rupees
                                                                                                       As at                   As at
                                                                                            31st March, 2010       31st March, 2009
    (i)   Deferred Tax Assets
          -    Disallowance under the Income Tax Act 1961                                                     -            20 16 843
          -    Carried forward loss                                                                8 00 50 057           4 09 58 709
    (ii) Deferred Tax Liability                                                                               -
          -    Disallowance under the Income Tax Act 1961                                             2 68 751                      -
          -    Related to Fixed Assets                                                             1 53 30 601             84 59 537
                                                                                                   6 44 50 705           3 45 16 015
    Note: The virtual certainty is based on agreements
8   General description of lease terms:
    (i)   Lease rentals are charged on the basis of agreed terms.
    (ii) Assets are taken on lease over a period of 1 to 20 years.

9   Earnings Per Share (EPS)

                                                                                                      2009-10               2008-09

    (i)   Net Profit/ (Loss) after tax as per Profit and Loss Account (In Rupees)                (5 23 94 398)         (7 79 22 745)

    (ii) Weighted Average number of equity shares used as denominator for calculating EPS               50 000                50 000

    (iii) Basic and Diluted Earnings/ (Loss) per share of face value of Rs. 10 each (Rupees)        (1,047.89)            (1,558.45)
20              Reliance Agri Products Distribution Limited




     Schedules forming part of the Balance Sheet

     SCHEDULE L (Contd.)
     10   Additional Information (to the extent applicable):

                                                                                                                               In Rupees

                                                                                                             As at                 As at
                                                                                                  31st March, 2010     31st March, 2009

          a      Capital Commitments:

                 Estimated amount of contracts remaining to be executed on capital accounts
                 (net of advances) and not provided for                                                   8 38 085             53 01 607

          b      Outstanding guarantees furnished to Banks and Financial Institutions
                 including in respect of Letter of Credit                                                91 24 500          1 07 85 000

     11   Value of Imports on CIF basis in respect of:                                                                         In Rupees

                                                                                                          2009-10               2008-09

          Capital goods                                                                                     98 727             91 65 253

     12   Value of Stores and Packing Materials Consumed
                                                                                        2009-10                          2008-09
                                                                                           % of                                 % of
                                                                       In Rupees    Consumption            In Rupees      Consumption
          Indigenous                                                   21 07 773              100%         30 15 104               100%

     13   Information as required under para 3, 4 and 4A to 4D of part II of schedule VI of Companies Act, 1956 are given to the
          extent applicable.

     14   As per Accounting Standard 18 “Related Party Disclosures”, notified in the Companies (Accounting Standards) Rules 2006,
          the disclosures of transactions with the related parties as defined in the Accounting Standard are given below :
          (i)    List of related parties with whom transactions have taken palace and relationships :

                   Sr No     Name of the Related Party                                                   Relationship

                   1         Reliance Industries Limited                                                 Ultimate Holding Company

                   2         Reliance Retail Limited                                                     Holding Company

                   3         Reliance Dairy Foods Limited                                         }

                   4         Reliance Food Processing Solutions Limited                           }

                   5         Reliance Fresh Limited                                               }      Fellow Subsidiaries

                   6         Reliance Supply Chain Solutions Limited                              }

                   7         Reliance Wellness Limited                                            }

                   8         Strategic Manpower Solutions Limited                                 }
                                                                      Reliance Agri Products Distribution Limited     21




Schedules forming part of the Balance Sheet

SCHEDULE L (Contd.)
   (ii) Transactions during the year with related parties (excluding reimbursements):

                                                                                                          In Rupees

          Sr    Nature of Transactions                                       Holding         Fellow          Total
          No                                                               Company      Subsidiaries


          1     Unsecured loan taken/ (repaid)                           14 00 19 653              -   14 00 19 653
                                                                         19 61 49 751              -   19 61 49 751

          2     Loan and Advances                                                   -      18 75 773     18 75 773
                                                                                    -              -              -

          3     Turnover                                                            -    1 82 02 737    1 82 02 737
                                                                            28 79 277    3 83 38 418    4 12 17 695

          4     Purchases                                                           -   43 16 03 038   43 16 03 038
                                                                            19 84 977   27 04 14 874   27 23 99 851

          5     Expenditure

                - Store Running Expenses                                            -      55 33 367     55 33 367
                                                                               67 303      26 19 581     26 86 884

                - Warehousing and Distributions Expenses                            -      16 57 713     16 57 713
                                                                                    -              -              -

          Balance as at 31st March, 2010

          6     Share Captial                                                5 00 000              -      5 00 000
                                                                             5 00 000              -      5 00 000

          7     Unsecured loan                                           33 87 69 586              -   33 87 69 586
                                                                         19 87 49 933              -   19 87 49 933

          8     Loans and advance                                                   -      18 75 773     18 75 773
                                                                                    -              -              -

          9     Sundry Debtors                                                      -      38 75 213     38 75 213
                                                                               82 094       2 80 501      3 62 595

          10    Sundry Creditors                                                    -      99 70 157     99 70 157
                                                                                    -    4 17 93 822    4 17 93 822

          11    Financial Guarantees taken                                  91 24 500              -     91 24 500
                                                                          1 07 85 000              -    1 07 85 000

   Note: Figures in Italics represents previous year’s amount.
22              Reliance Agri Products Distribution Limited




     Schedules forming part of the Balance Sheet

     SCHEDULE L (Contd.)
           Disclosure in respect of material Related Party Transactions during the year:

           1      Loan taken includes Rs. 14 00 19 653 (Previous Year Rs. 19 61 49 751) from Reliance Retail Limited.

           2      Turnover include to Reliance Fresh Limited Rs. 83 83 753 (Previous Year Rs. 1 48 02 015) and Reliance Food Processing
                  Solutions Limited Rs. 98 08 581 (Previous Year Rs. 2 35 36 403).

           3      Purchase from Reliance Fresh Limited Rs. 11 24 25 580 (Previous Year Rs. 7 83 42 453) and Reliance Food Processing
                  Solutions Limited Rs. 30 11 22 636 (Previous Year Rs. 19 20 72 421).

           4      Includes Store Running Charges to Strategic Manpower Solution Limited Rs. 55 33 367 (Previous Year Rs. 26 19 581)
                  and Warehousing and Distribution expenses to Reliance Supply Chain Solution Limited Rs. 16 57 713 (Previous Year
                  Rs Nil).

     15    Quantitative Details                                                                                               In Rupees

     Sr.       Category                       Opening Stock               Purchases               Sales                 Closing Stock

                                             Qty        Amount     Qty          Amount     Qty         Amount       Qty        Amount

     1         Agri Products                    -   4 61 20 994       -    73 11 47 386       -    74 33 29 811         -   4 80 62 345
                                                -     12 05 655       -    52 09 87 849       -   46 51 45 610          -   4 61 20 994

     *     In view of the heterogeneous nature and non uniform units of measurement of items purchased and sold, details have been
           furnished to the extent practicable and giving meaningful information.

     As per our Report of even date                                                                       For and on behalf of the Board

     For Chaturvedi & Shah                                                                                C. R. Srinath
     Chartered Accountants                                                                                Director

     Jignesh Mehta                                                                                        Pankaj Pawar
     Partner                                                                                              Director
     Membership No: 102749

     Mumbai
     Dated : 22nd April, 2010
                                                                      Reliance Agri Products Distribution Limited    23



Additinal information as required under Part IV of Schedule VI to the Companies Act, 1956
Balance Sheet Abstract and Company’s General Business Profile



I.   Registration Details:

     Registration No.                  U 5 2 I 0 0 M H 2 0 0 7 P L C 1 7 5 5 3 0

     Balance Sheet Date:               3   1 - 0 3 - 2 0 1 0     State Code                                   1 1



II. Capital raised during the year: (Amount in Rs. Thousands)

     Public Issue:                                  N I L        Rights Issue:                             N I L

     Bonus Issue:                                   N I L        Private Placement:                        N I L

III. Capital raised during the year: (Amount in Rs. Thousands)

     Total Liabilities:                       3 8 6 7 9 7        Total Assets:                     3 8 6 7 9 7

     Sources of Funds:

       Paid up Capital:                             5 0 0        Net Fixed Assets:                    8 0 0 7 2

       Reserves and Surplus:                        N I L        Investments:                              N I L

       Secured Loans:                               N I L        Deferred Tax Assets:                 6 4 4 5 1

       Unsecured Loans:                        3 3 8 7 7 0       Current Assets:                   1 1 1 6 1 1

       Current Liabilities:                     4 7 5 2 7        Miscellaneous Expenditure:                      5

                                                                 Accumulated Losses                1 3 0 6 5 8

IV. Performance of the Company: (Amount in Rs. Thousands)

     Net Turnover:                            7 4 5 3 9 7        Total Expenditure:                8 2 9 9 2 6

       Profit / (-) Loss before tax:        ( 8 2 3 2 9 )        Profit / (-) Loss after tax:    ( 5 2 3 9 4 )

       Earnings per Share in Rs:       (   1 0 4 7 . 8 9 )       Dividend Rate:                            N I   L

V.   Generic Names of principal products of the Company:

     Item Code number                                  N A

     Product Description                               N A

				
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