Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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Agro Tech Foods Ltd.

BSE: 500215 | NSE: ATFL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE209A01019 | SECTOR: Edible Oils & Solvent Extraction

BSE Live

Jan 27, 12:12
933.95 -21.80 (-2.28%)
Volume
AVERAGE VOLUME
5-Day
887
10-Day
564
30-Day
618
304
  • Prev. Close

    955.75

  • Open Price

    984.25

  • Bid Price (Qty.)

    933.95 (1)

  • Offer Price (Qty.)

    935.80 (2)

NSE Live

Jan 27, 12:12
933.65 -20.60 (-2.16%)
Volume
AVERAGE VOLUME
5-Day
10,095
10-Day
8,341
30-Day
8,910
1,614
  • Prev. Close

    954.25

  • Open Price

    954.30

  • Bid Price (Qty.)

    933.45 (20)

  • Offer Price (Qty.)

    934.65 (5)

Annual Report

For Year :
2019 2017 2016 2015 2014 2013 2011 2010 2009

Auditor's Report

1. We have audited the attached Balance Sheet ot AgroTech Foods Limited (the Company) as at 31 March 2010, the Profit and Loss Account and the Cash Flow Statement of the Company for the year ended on that date, annexed thereto.These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform theauditto obtain reasonableassurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. As required by the Companies (Auditors Report) Order, 2003 (the Order), as amended, issued by the Central Government of India in terms of sub- section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order. 4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that: i) we have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit; ii) 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; iii) the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account; iv) in our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956, to the extent applicable; v) on the basis of written representations received from the Directors, as on 31 March 2010, and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31 March 2010 from being appointed as a Director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956; and vi) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31 March 2010; and b) in the case of the Profit and Loss Account, of the profit for the year ended on that date. c) in the case of Cash Flow Statement, of the Cash Flows of the Company for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT The Annexure referred to in the auditors report to the members of Agro Tech Foods Limited (the Company) for the year ended 31 March 2010. We report that: 1. The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. 2. The Company has a regular program of physical verification of its fixed assets by which all fixed assets are verified every year. In our opinion, the periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noted on such verification. 3. Fixed assets disposed off during the year were not substantial, and therefore, do not affect the going concern assumption. 4. The inventory, except goods-in-transit and stocks lying with third parties, have been physically verified by the management during the year. In our opinion, the frequency of such verification is reasonable. For stocks lying with third parties at the year-end, written confirmations have been obtained. 5. In our opinion, the procedures for the physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. 6. The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material. 7. The Company has neither granted nor taken any loans, secured or unsecured, to or from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. 8. In our opinion and according to the information and explanations given to us, and having regard to the explanation that purchases of certain items of inventories are for the Companys specialised requirements and suitable alternative sources are not available to obtain comparable quotations, there is an adequate internal control system commensurate with the size of the Company and the nature of its business with regard to purchase of inventories and fixed assets and with regard to the sale of goods and services. In our opinion and according to the information and explanations given to us, there is no continuing failure to correct major weaknesses in internal control system. We have not observed any major weakness in the internal control system during the course of the audit. 9. In our opinion, and according to the information and explanations given to us, there are no contracts and arrangements the particulars of which need to be entered into the register maintained under section 301 of the Companies Act, 1956. 10. The Company has not accepted any deposits from the public. 11. In our opinion, the Company has an internal audit system commensurate with the size and nature of its business. 12. We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under section 209(1 )(d) of the Companies Act, 1956 and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the records. 13. According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/accrued in the books of account in respect of undisputed statutory dues including provident fund, employees state insurance, income-tax, sales-tax, wealth tax, service tax, customs duty, excise duty and other material statutory dues have been regularly deposited during the year by the Company with the appropriate authorities. As explained to us, the Company did not have any dues on account of investor education and protection fund. Further, there were no dues on account of Cess under Section 441A of the Act, since the date from which the aforesaid section comes into force has not yet been notified by the Central Government. According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, Employees State Insurance, Income tax, Sales tax, Wealth tax, Service tax, Customs duty, Excise duty and other material statutory dues were in arrears as at 31 March 2010 for a period of more than six months from the date they became payable. 14. According to the information and explanations given to us, there are no dues of income tax, wealth tax, service tax and customs duty which have not been deposited with the appropriate authorities on account of any dispute. According to the information and explanations given to us, the following dues of sales tax, excise duty and entry tax have not been deposited by the Company on account of disputes: Name of the Statute Nature of Dues Amount Period to which the (Rs. Million) amount relates Central Excise Excise Duty- Act, 1944 CENVATcredit 0.78 2004-2005 0.10 1997-1998 Andhra Pradesh General Sales Tax Sales Tax 3.90 2001-2002 2.68 2002-2003 0.19 1997-1998 Bombay Sales Tax Act, 1958 Sales Tax 0.63 2002-2003 0.40 1998-1999 Gujarat Sales Tax Act, 1970 Sales Tax 0.12 1999-2000 West Bengal Sales Tax Act, 1994 Sales Tax 0.72 2001-2002 BiharSales TaxAct, 1981 Sales Tax 0.62 2002-2003 Delhi Sales Tax Act, 1975 Sales Tax 0.91 2003-2004 Uttar Pradesh Sales Tax Act, 1948 Central SalesTaxSales Tax and CST 0.78 2003-2004 1956 359.55 2005-2006 251.45 2006-2007 Rajasthan Sales Tax Act, 1954 SalesTax 0.30 2001-2002 Tamilnadu Sales Tax Act, 1959 SalesTax 0.26 2002-2003 2.23 2003-2004 Andhra Pradesh Entry Tax Act, 2001 Entry Tax 2.71 2005-2006 Name of the Statue Forum Where the dispute is pending Central Excise Act, 1944 Central Excise and Service Tax Appellate Tribunal Andhra Pradesh General SalesTax Act, 1956 Sales Tax Appellate Tribunal Sales Tax Appellate Tribunal Appellate Deputy Commissioner, Commercial Taxes Bombay Sales Tax Act, 1958 Sales Tax Appellate Tribunal Joint Commissioner of SalesTax (Appeals) Gujarat Sales Tax Act, 1970 Sales Tax Appellate Tribunal Sales Tax Appellate Tribunal West Bengal Sales Tax Act, 1994 Sales Tax Appellate Tribunal BiharSalesTaxAct, 1981 Sales Tax Appellate Tribunal Joint Commissioner, Commercial Taxes Delhi Sales Tax Act, 1975 Additional Commissioner, Commercial Taxes Uttar Pradesh Sales Tax Act, 1948 Central Sales Tax Act, 1956 Deputy Commissioner (Appeals), Commercial Taxes Deputy Commissioner, Commercial Taxes Deputy Commissioner, Commercial Taxes Rajasthan Sales Tax Act, 1954 High Court, Jodhpur Tamilnadu Sales Tax Act, 1959 Assistant Commissioner, Commercial Taxes Assistant Commissioner (CT), Koyambedu, Chennai Andhra Pradesh Entry Tax Act, 2001 Deputy Commissioner (Appeals), Commercial Taxes 15. The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the financial year and in the immediately preceding financial year. 16. In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to its bankers. The Company did not have any outstanding dues to any financial institution or debenture holders during the year. 17. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 18. In our opinion and according to the information and explanations given to us, the Company is not a chit fund or a nidhi/mutual benefit fund/ society. 19. According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments. 20. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions. 21. The Company did not have any term loans outstanding during the year. 22. According to the information and explanations given to us and on an overall examination of the Balance Sheet of the Company, we are of the opinion that the funds raised on short- term basis have not been used for long-term investment. 23. The Company has not made any preferential allotment of shares to companies/firms/ parties covered in the register maintained under Section 301 of the Companies Act, 1956. 24. The Company did not have any outstanding debentures during the year. 25. The Company has not raised any money by public issues. 26. According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the course of our audit. For B S R and Associates Chartered Accountants Firm Registration Number: 128901W Zubin Shekary Place :Gurgaon Partner Date : 19 May 2010 Membership No: 48814