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History of Adarsh Plant Project Ltd.

Adarsh Plant Protect Limited, the Company, was incorporated on 18th June, 1992 as a Public Limited Comp. & has obtained the Certificate of Commencement of Business on 18th November, 1992. On 20th December, 1993 the Comp. took over the asset of M/s. Kaival Agro Products, a Partnership Firm, manufacturing & trading in Plant Protection Equipment for 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 Comp. now proposes to take up expansion of its existing manufacturing facilities at the Plot No. 1703 and 1704 at GIDC Industrial Area, Anand where it propose to install the additional capacity as mentioned below. The details of existing capacity & the proposed expansion are as under: [Nos. per annums] ------------------------------------------------------------- Products Existing Proposed ------------------------------------------------------------- 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 ------------------------------------------------------------- The key financial indicators & the past working results & financial positions of Comp. since inception are as under:

-------------------------------------------------------------- Period 1994-95 1993-94 1992-93 [Upto 30.9.94s] [Rs.s] [Rs.s] [Rs.s] -------------------------------------------------------------- Particulars Turnover 10,18,908 1,51,645 -- Cost of Goods consumed/sold 6,30,238 -- -- Mfgr. and Other Exps. 3,33,725 -- -- Interest -- -- -- Depreciation -- 7,121 -- Misc Exp. W/off -- 25,383 -- Operating Profit [Losss] 54,945 [2,403s] -- Tax -- -- -- Net Profit/[Loss 54,945 [2,403s] -- Balance c/f last year [2,403s] -- -- 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 and Surplus 52,542 -- -- --------------------------------------------------------------