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आदर्श प्लांटेशन प्रोजेक्ट्स

बीएसई: 526711  |  NSE: N.A  |  ISIN: INE627D01016  |  Pumps

खोजें आदर्श प्लांटेशन प्रोजेक्ट्स कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
We have audited the accompanying financial statements of Adarsh Plant
 Protect Limited (''the Company''), which comprise the Balance Sheet as at
 31st March, 2015, the Statement of Profit and Loss, the Cash Flow
 Statement for the year then ended, and a summary of the significant
 accounting policies and other explanatory information.
 
 Management''s Responsibility for the Financial Statements
 
 The Company''s Board of Directors is responsible for the matters stated
 in Section 134(5) of the Companies Act, 2013 (the Act) with respect
 to the preparation of these financial statements that give a true and
 fair view of the financial position, financial performance and cash
 flows of the Company in accordance with the accounting principles
 generally accepted in India, including the Accounting Standards
 specified under Section 133 of the Act, read with Rule 7 of the
 Companies (Accounts) Rules, 2014. This responsibility also includes
 maintenance of adequate accounting records in accordance with the
 provisions of the Act for safeguarding of the assets of the Company and
 for preventing and detecting frauds and other irregularities; selection
 and application of appropriate accounting policies; making judgments
 and estimates that are reasonable and prudent; and design,
 implementation and maintenance of adequate internal financial controls,
 that were operating effectively for ensuring the accuracy and
 completeness of the accounting records, relevant to the preparation and
 presentation of the financial statements that give a true and fair view
 and are free from material misstatement, whether due to fraud or error.
 
 Auditor''s Responsibility
 
 Our responsibility is to express an opinion on these financial
 statements based on our audit.
 
 We have taken into account the provisions of the Act, the accounting
 and auditing standards and matters which are required to be included in
 the Audit Report under the provisions of the Act and the Rules made
 there under.
 
 We conducted our audit in accordance with the Standards on Auditing
 specified under Section 143(10) of the Act. 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 the disclosures in the financial statements. The
 procedures selected depend on the Auditor''s judgment, including the
 assessment of the risks of material misstatement of the financial
 statements, whether due to fraud or error. In making those risk
 assessments, the Auditor considers internal financial control relevant
 to the Company''s preparation of the financial statements that give a
 true and fair view in order to design audit procedures that are
 appropriate in the circumstances, but not for the purpose of expressing
 an opinion on whether the Company has in place an adequate internal
 financial controls system over financial reporting and operating
 effectiveness of such controls. An audit also includes evaluating the
 appropriateness of the accounting policies used and the reasonableness
 of the accounting estimates made by the Company''s Directors, 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 on the financial
 statements.
 
 Emphasis of Matter Paragraph
 
 Without qualifying our opinion, we draw the attention to Note no. 37 of
 the Financial Statements regarding Preparation of Accounts on going
 concern basis though accumulated losses have exceeded the net owned
 fund.
 
 Opinion
 
 In our opinion and to the best of our information and according to the
 explanations given to us, the aforesaid 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, of the state of affairs of the Company as
 at 31st March, 2015, and its loss and cash flows for the year ended on
 that date.
 
 Report on Other Legal and Regulatory Requirements
 
 As required by the Companies (Auditor''s Report) Order, 2015 (the
 Order), issued by the Central Government of India in terms of
 sub-section(11) of Section 143 of the Companies Act, 2015, we give in
 the Annexure a statement on the matters specified in paragraphs 3 and 4
 of the Order, to the extent applicable.
 
 As required by Section 143 (3) of the Act, we report that:
 
 * We have sought and obtained all the information and explanations
 which to the best of our knowledge and belief were necessary for the
 purposes of our audit.
 
 * In our opinion, proper books of account as required by law have been
 kept by the Company so far as it appears from our examination of those
 books.
 
 * [The reports on the accounts of the branch offices of the Company
 audited under Section 143 (8) of the Act is not attached since the
 Company has no branches]
 
 * The Balance Sheet, the Statement of Profit and Loss, and the Cash
 Flow Statement dealt with by this Report are in agreement with the
 books of account.
 
 * In our opinion, the aforesaid financial statements comply with the
 Accounting Standards except Gratuity as per Accounting Standards - 15 
 Employee Benefits, wherein valuation of gratuity is done as per
 Management''s estimates, specified under Section 133 of the Act, read
 with Rule 7 of the Companies (Accounts) Rules, 2014. MRL
 
 * Though the net worth of the Company has eroded, the accounts of the
 Company are prepared on going concern basis and in our opinion the same
 may not have an adverse effect on the functioning of the Company.
 (Refer Note. 37)
 
 * On the basis of the written representations received from the
 Directors as on 31st March, 2015 taken on record by the Board of
 Directors, none of the Directors is disqualified as on 31st March, 2015
 from being appointed as a Director in terms of Section 164 (2) of the
 Act.
 
 * 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:
 
 i) The Company has disclosed the impact of pending litigations on its
 financial position in its financial statement.
 
 ii) The Company did not have any long-term contracts including
 derivative contracts for which there were any material foreseeable
 losses.
 
 iii) There were no amounts which were required to be transferred to the
 Investor Education and Protection Fund by the Company.
 
 Annexure to the Auditors'' Report
 
 The Annexure referred to in our report to the members of Adarsh Plant
 Protect Limited for the year ended March 31,2015, we report that:
 
 I.
 
 * The Company is in the process of updating the Fixed Asset Register
 with respect to additions and current year''s depreciation.
 
 * It is informed to us that the physical verification of Fixed Assets
 was conducted by Management as per the Schedule program. It was further
 inform that no material discrepancies were observed, however we are not
 able to comment as the formal documentation for the same were not
 available on record.
 
 II.
 
 * It is informed to us that the inventory has been physically verified
 by the management at reasonable intervals, which in our opinion is
 reasonable.
 
 * Based on the information and explanation given to us the procedure
 followed by the Company for physical verification is reasonable and
 adequate in relation to the size of the Company and nature of its
 business.
 
 * The records made available for maintenance of Inventory does not
 reflect any material discrepancies.
 
 III. The Company has granted loan to one Company covered in the
 register maintained under Section 189 of the Companies Act, 2013.
 
 * The receipt of the principal amount and interest are regular; and
 
 * There is no overdue amount of loans granted to Companies, Firms or
 others parties listed in the registers maintained under Section 189 of
 the Companies Act, 2013.
 
 IV.  In our opinion and according to the information and explanations
 given to us, 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 inventory and fixed assets and for the sale of
 goods and services. During the course of our audit, no major weaknesses
 have been noticed in the internal control system.
 
 V.  Based on our scrutiny of the Company''s records and according to the
 information and explanations provided by the management, in our
 opinion, the Company has not accepted any loans or deposits, which are
 ''deposits'' up to 31st March, 2015.
 
 VI.  According to the information and explanation given to us, the
 Central Government has not prescribed the maintenance of cost records
 under sub-section (1) of section 148 of the Companies Act, 2013.
 
 * The Company is regular in depositing undisputed statutory dues
 including Provident Fund, Employees'' State Insurance, Income -Tax,
 Sales -Tax, Wealth Tax, Service tax, duty of customs, duty of excise,
 value added tax, cess and any other statutory dues with the appropriate
 authorities except in case of Service Tax, Excise Duty, Professional
 Tax where there were irregularities in payment to respective
 authorities and no statutory dues were outstanding, as at 31st March,
 2015 for a period of more than six months from the date they became
 payable.
 
 * According to the information and explanation given to us, there are
 no dues of Income Tax or Sales Tax or Wealth Tax or Service Tax or duty
 of customs or duty of excise or value added tax or cess, which have not
 been deposited on account of any dispute except
 
 
 Assessment    Nature of      Amount Outstanding     Forum where dispute
 Year          Liability            (Rs.)                  pending
 
 2002-03       Income Tax          99,780/-                 ITAT
 
 
 There are no amounts which are required to be transferred to Investor
 Education and Protection Fund in accordance with the relevant
 provisions of Companies Act, 1956 (1 of 1956) and rules there under,
 hence the same is not applicable.
 
 VIII. The accumulated losses of the Company have exceeded fifty per
 cent of its net worth as at March 31, 2015. The Company has incurred
 cash loss of Rs. 50.74 lakhs during the current financial year and Rs.
 15.35 lakhs in immediately preceding financial year.
 
 IX.  Based on our audit procedures and as per the information and
 explanations given by the management, the Company has not defaulted in
 repayment of dues to financial institution or bank or debenture
 holders.
 
 X.  According to information and explanations given to us, the Company
 has not given any guarantee for loans taken by others from bank or
 financial institutions.
 
 XI.  According to the records of the Company, the Company has not
 obtained any term loans.  Hence, comments under the clause are not
 called for.
 
 XII. Based on the audit procedure performed for the purpose of
 reporting the true and fair view of the financial statements and as per
 the information and explanations given by the management, we report
 that no fraud on or by the Company has been noticed or reported during
 the year.
 
                                                    For Mukund & Rohit
                                                  Chartered Accountants
                                                Registration No. 113375W
 
                                                    Mukund Bakshi
 Place : Vadodara                                      Partner
 Date : 29th May, 2015                            Membership No. 041392
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `335 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `2409 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `4293 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1664 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1753 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `912 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `36 Cr की बिकवाली
  • JEFFERIES ON SUN PHARMA : BUY रेटिंग, लक्ष्य बढ़ाकर `530/Sh
  • CS ON SUN PHARMA : Neutral रेटिंग, लक्ष्य `400/Sh
  • CLSA ON SUN PHARMA : BUY रेटिंग, लक्ष्य घटाकर `560/Sh

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