Adarsh Plant Protect Limited, the Company, was incorporated on 18th
 June, 1992 as a Public Limited Company and has obtained the
 Certificate of Commencement of Business on 18th November, 1992.  On
 20th December, 1993 the Company took over the asset of M/s. Kaival
 Agro Products, a
 Partnership Firm, manufacturing and trading in Plant Protection
 Equipment for the last nine years under the name `KAIVAL' at its
 factory located at Plot No. 119/D, GIDC, Anand.  The products are
 well accepted in the market.
 
 The Company now proposes to take up expansion of its existing
 manufacturing facilities at the Plot No. 1703 & 1704 at GIDC
 Industrial Area, Anand where it propose to install the additional
 capacity as mentioned below.  The details of the existing capacity
 and the proposed expansion are as under:
                                            (Nos. per annum)
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 Products                            Existing       Proposed
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 Knapsack Sprayer                       1,000       1,00,000
 Knapsack Brass Sprayer                   200         20,000
 Knapsack Outer Cylinder                  500         50,000
 Foot/Rocker Sprayer                      100         10,000
 Assorted Sprayer                         200         15,000
 Power Sprayers                           Nil          5,000
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 The key financial indicators and the past working results and
 financial positions of the Company since inception are as under:
 
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 Period                   1994-95       1993-94       1992-93
                      (Upto 30.9.94)
                           (Rs.)          (Rs.)         (Rs.)
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 Particulars
 Turnover                  10,18,908    1,51,645          -- 
 Cost of Goods
 consumed/sold              6,30,238          --          --
 Mfgr. & Other Exps.        3,33,725          --          --
 Interest                         --          --          --
 Depreciation                     --       7,121          --
 Misc Exp. W/off                  --      25,383          --
 Operating Profit (Loss)      54,945     (2,403)          --
 Tax                              --          --          --
 Net Profit/(Loss             54,945     (2,403)          --
 Balance c/f last year       (2,403)          --          --
 Cash Accrual                 52,542      30,101          --
 Equity Share Capital      58,03,610   58,03,610    5,00,700
 Share Application Money   25,00,000    4,50,000          --
 Reserves & Surplus           52,542          --          --
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