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अवतील एंटरप्राइज

बीएसई: 504390  |  NSE: N.A  |  ISIN: INE292N01018  |  Finance - Investments

खोजें अवतील एंटरप्राइज कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
We have audited the accompanying Financial Statement of ARUN VARUN
 TRADE & INVESTMENT LIMITED (the Company) which comprise the Balance
 Sheet as at 31st March, 2015, the statement of Profit and Loss for the
 year ended, Cash Flow Statement for the year ended and a summary of
 significant accounting policies and other explanatory information.
 
 Management''s Responsibility for the Standalone Financial Statements:
 
 * The Company''s Board of directors are responsible for the matters in
 section 134(5) of the Companies Act, 2013 (the Act) with respect to
 the preparation of these Financial Statements that gives a true and
 fair view of the financial position, financial performance and cash
 flows of the Company in accordance with the Accounting Standards
 referred in Section 133 of the Companies Act, 2013 read with rule 7 of
 the Companies (Accounts) Rules 2014. This responsibility also includes
 the maintenance of the adequate accounting records in accordance with
 the provisions of the act for safeguarding the assets of the company
 and preventing & detecting the frauds and other irregularities;
 selection and application of appropriate accounting policies; making
 judgement and estimates that are reasonable & prudent; and design
 implementation and maintenance of the internal financial control, that
 were operating effectively for ensuring the accuracy & completeness of
 the accounting records, relevant to the preparation & presentation of
 the financial statements that give a true & fair view and are free from
 material misstatements, whether due to fraud or error.
 
 Auditors'' Responsibility:
 
 Our responsibility is to express an opinion on these standalone
 financial statements based on our audit.  We have taken into account
 the provisions of the act, the accounting & auditing standards and
 matters which are required to be included in the audit report under the
 provisions of the act and rules made there under.
 
 We conducted our audit is in accordance with the Standards on Auditing
 specified under 143(10) of the Companies Act 2013 issued by the
 Institute of Chartered Accountants of India. Those Standards require
 that we comply with ethical requirements and plan and perform the audit
 to obtain reasonable assurance about whether the financial statements
 are free from material misstatement.
 
 
 
 An audit involves performing procedures to obtain audit evidence about
 the amounts and disclosures in the financial statements. The Procedures
 selected depend on the auditors'' judgment, including the assessment of
 the risks of material misstatement of the financial statement, whether
 due to fraud or error.  In making those risk assessments, the auditor
 considers internal control relevant to the entity''s preparation and
 fair presentation of the financial statements in order to design audit
 procedures that are appropriate in the circumstances. An audit also
 includes evaluating the appropriateness of accounting policies used and
 the reasonableness of the accounting estimates made by management, as
 well as evaluating the overall presentation of the financial
 statements.
 
 We believe that the audit evidence we have obtained is sufficient and
 appropriate to provide a basis for our audit opinion.
 
 Opinion:
 
 In our opinion and to the best of our information and according to the
 explanation given to us, the aforesaid standalone financial statements
 give the information required by the Act in the manner so required and
 give a true and fair view in conformity with the accounting principles
 generally accepted in India: j
 
 i. in the case of Balance Sheet, of the state of affairs of the Company
 as at 31st March, 2015; and
 
 ii. in the case of Statement of Profit and Loss, profit of the company
 for the year ended on that date.
 
 iii. in the case of cash flow, cash flows of the company for the year
 ended on that date.
 
 Report on Other Legal and Regulatory Requirements:
 
 1. As required by the Companies (Auditor Report) Order 2015 (the
 Order) issued by the Central Government of India in terms of the
 sub-section (11) of section 143 of the Act, we give in the annexure
 statement on the matters specified in the paragraphs 3 and 4 of the
 order to the extent applicable.
 
 2. As required by section 143 (3) of the Act, we report that: -
 
 . i. We have sought and obtained all the information and explanation,
 which to the best of our knowledge and belief were necessary for the
 purpose 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 and Statement of Profit and Loss, and Cash Flow
 Statements dealt with by this report are in agreement with the books of
 account;
 
 iv.  In our opinion, the aforesaid standalone financial statements
 comply with the accounting standards specified under section 133 of the
 Act, read with Rule 7 of the companies (Accounts) Rules, 2014.
 
 v.  On the basis of written representations received from the
 directors, as on 31st March 2015 and taken on record by the Board of
 Directors, we report that none of the Directors are disqualified as on
 31st March 2015 from being appointed as a director in terms of of
 sub-section (2) of section 164 of the companies Act, 2013;
 
 vi. with respect to the other matters to be included in the Auditor''s
 Report in accordance with Rule 11 of the Companies (Audit and Auditors)
 Rules, 2014, in our opinion and to the best of our information and
 according to the explanations given to us:
 
 a.  Company does not have any pending litigations which would impact
 its financial position;
 
 b.  Company did not have any long-term contracts including derivatives
 contracts for which there were any material foreseeable losses.
 
 c.  There were no amounts which required to be transferred to the
 Investor Education and
 
 Protection Fund by the Company.
 
 Annexure to Independent Auditors'' Report.
 
 [the annexure referred to in our Independent Auditor''s Report of even
 date to the members of the company on the standalone financial
 statements for the year ended 31st March 2015, in the paragraph 1 under
 the heading Report on other legal & regulatory requirements of the
 ARUN VARUN TRADE & INVESTMENT LIMITED]
 
 i) a) The Company has maintained proper records showing full
 particulars including quantitative
 
 details and situation of fixed assets.
 
 b) All the assets have been physically verified by the management
 during the year. No material discrepancies were noticed on such
 verification.
 
 ii) a) The Stock-in trade i.e., inventories have been physically
 verified during the year by the
 
 Management. In our opinion, the frequency of verification is
 reasonable.
 
 b) In our opinion and according to the information and explanation
 given to us, the procedure of physical verification of stocks followed
 by the Management is reasonable and adequate in relation to the size of
 the company and nature of its business.
 
 c) No discrepancies were noticed between the book records and physical
 records. On the basis of our examination Company is maintaining proper
 records of the inventory.
 
 iii) a) There is no entity covered in the register maintained under
 section 189 of the Company''s Act 2013, to which company has granted the
 loans.
 
 b) The Company has not granted any loans; hence the question of prima
 facie prejudicial to the interest of the company does not arise.
 
 c) The Company has not granted any loans; hence the question of
 regularity in receipt of the principle amount and interest also does
 not arise.
 
 d) The Company has not granted any loans; hence the question of overdue
 amount more than rupees one lakh and recovery thereof does not arise.
 
 iv) In our opinion, and according to the information and explanations
 given to us there are adequate internal control system commensurate
 with the size of the company and nature of its business and regard to
 purchase of inventory, fixed assets and for the sale of goods and
 services. Further, on the basis of our examination of the books and
 records of the company and according to the information and explanation
 given to us, we have neither come across nor have been informed of any
 continuing failure major weakness in the aforesaid internal control
 system.
 
 v) In our opinion and according to information given to us during the
 course of audit, the company has not accepted any deposit within the
 meaning of provisions of Section 73 to Section 76 or any other relevant
 provisions under the companies Act 2013.
 
 vi) To the best of our knowledge and according to information given to
 us during the course of audit, the Central Government has not
 prescribed the maintenance of cost records under Section 148 (1) of the
 Companies Act, 2013 for the products of the company.
 
 vii) (a) The company is regular in depositing with the appropriate
 authorities undisputed statutory dues including provident fund,
 employee''s state insurance, income tax, sales tax, service tax, custom
 duty, cess and other material statutory dues applicable to it. In our
 opinion and according to the information and explanations given to us
 during the course of audit, the provisions of, wealth tax, excise duty
 and employees'' state insurance are not applicable to the company.
 According to the information and explanation given to us during the
 course of audit, no undisputed amounts payable in respect of statutory
 dues were in arrears, as at 31st March, 2015 for a period of more than
 six months from the date they became payable.
 
 (b) According to the information and explanation given to us during the
 course of audit, there are no dues of income tax, sales tax, service
 tax, excise duty, custom duty and cess which have not deposited on
 account of any dispute.
 
 (C)There are no amounts that are due to be transferred to the Investor
 Education and Protection Fund in accordance with the relevant
 provisions of the Companies Act, 1956 (1 of 1956) and Rules made there
 under.
 
 viii) The company is profit making. The company has not incurring any
 cash losses during the financial year covered by our audit and the
 immediately preceding financial year.
 
 ix) In our opinion and according to the information and explanations
 given to us during the course of audit, the company has not defaulted
 in repayment of dues to a financial institution, bank or debenture
 holders.
 
 x) In our opinion and according to the information and explanations
 given to us during the course of audit, the company has not given
 guarantees for any third party loans.
 
 xi) In our opinion and according to the information and explanations
 given to us during the course of audit, there is no Term Loans.
 
 xii) 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 S.Ramanand Aiyar & Co.
                                                Chartered Accountants
                                                    (FRN:000990N)
 
 
                                                       Bined C.Maharana
                                                                Partner
                                               (Membership No.: 056373)
 
 Place: Mumbai
 Date: 29/05/2015
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1116.79 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `450.36 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `58.91 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1197.47 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1280 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `22.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.60 Cr की बिकवाली
  • CS ON AUROBINDO PHARMA : रेटिंग Neutral से घटाकर Underperform
  • CS ON AUROBINDO PHARMA : लक्ष्य `450/Sh से घटाकर `345/Sh
  • HSBC ON BAJAJ FIN : BUY रेटिंग, लक्ष्य `4,860 से घटाकर `3,750/Sh

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