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moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Miscellaneous > लेखा परीक्षकों की रिपोर्ट से अल्फा आईसीए (इंडिया) - बीएसई: 530973, NSE: N.A

अल्फा आईसीए (इंडिया)

बीएसई: 530973  |  NSE: N.A  |  ISIN: INE042C01010  |  Miscellaneous

खोजें अल्फा आईसीए (इंडिया) कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
 We have audited the accompanying financial statements of Alfa Ica
 (India) Limited (the Company), which comprise the Balance Sheet as at
 March 31,2015 and the Statement of Profit and Loss and Cash Flow
 Statement for the year then ended and a summary of 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
 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 notified 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.
 
 Auditors'' 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 control system over financial reporting and the 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 standalone
 financial statements.
 
 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 and
 its profit and its cash flows for the year ended on that date.
 
 Report on Other Legal and Regulatory Requirements
 
 1. 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 Act, we give in the Annexure a
 statement on the matters specified in paragraphs 3 and 4 of the Order,
 to the extent applicable.
 
 2. As required by section 143(3) of the Act, we report that:
 
 (a) We have sought and obtained all the information and explanations
 which to the best of our knowledge and belief were necessary for the
 purpose of our audit;
 
 (b) In our opinion, proper books of account as required by law relating
 to preparation of the aforesaid financial statements have been kept so
 far as it appears from our examination of those books ;
 
 (c) The Balance Sheet, the Statement of Profit and Loss, and the Cash
 Flow Statement dealt with by this Report are in agreement with the
 relevant books of account;
 
 (d) In our opinion, the aforesaid financial statements comply with the
 Accounting Standards specified under Section 133 of the Act, read with
 Rule 7 of the Companies (Accounts) Rules, 2014.
 
 (e) On the basis of the written representations received from the
 directors of the Company as on 31st March, 2015 taken on record by the
 Board of Directors of the Company, 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.
 
 (f) With respect to the other matters to be included in the Auditor''s
 Report in accordance with Rule 11 of the Companies (Audit and
 Auditor''s) 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 - Refer Note 27 to the
 financial statements.
 
 ii.  The Company did not have any material foreseeable losses on
 long-term contracts including derivative contracts.
 
 iii. There were no amounts which were required to be transferred to the
 Investor Education and Protection Fund by the Company.
 
 
 The Annexure referred to in our report to the members of Alfa Ica
 (India) Ltd. (the Company) for the year ended on 31st March, 2015.
 We report that:
 
 i.  in respect of its fixed assets:
 
 a) The Company has maintained proper records showing full particulars
 including quantitative details and situation of fixed assets.
 
 b) As explained to us, these fixed assets have been physically verified
 by the management, in accordance with a phased program of verification,
 which in our opinion, is reasonable, considering the size of the
 Company and nature of its assets. According to the information and
 explanations given to us, no material discrepancies were noticed on
 such verification.
 
 ii.  in respect of inventories:
 
 a) The Physical verification of inventory has been conducted at
 reasonable intervals by the management.
 
 b) In our opinion the procedures for physical verification of inventory
 followed by the management are reasonable and adequate in relation to
 the size of the company and the nature of its business.
 
 c) The Company is maintaining proper records of inventory and no
 discrepancies were noticed on physical verification
 
 iii.  The Company has not granted any loans, secured or unsecured to
 Companies, firms or other parties covered in the register maintained
 under section 189 of the Act. Consequently, requirement of clauses
 (iii) of paragraph 3 of the order is not applicable.
 
 iv.  In our opinion and according to the information and explanations
 given to us, there are adequate internal control procedures
 commensurate with the size of the company and the nature of its
 business, for the purchase of inventory, fixed assets and also for the
 sale of goods and services. During the course of our audit, we have not
 observed any continuing failure to correct major weaknesses in internal
 control system.
 
 v.  The Company has not accepted fixed deposits from the public during
 the year under section 73 and 76 of the Companies Act. Consequently,
 clause v of paragraph 3 of the order is not applicable.
 
 vi.  According to the information and explanations given to us, in our
 opinion, the Company has, prima facie, made and maintained the
 prescribed cost records as specified by the Central Government under
 sub-section (1) of section 148 of the Companies Act, 2013, wherever
 applicable. However, we have not made detailed examination of the cost
 records with a view to determine whether they are accurate or complete.
 
 vii.  According to the information & explanations given to us in
 respect of statutory and other dues:
 
 a) The Company is regular in depositing with appropriate authorities
 undisputed statutory dues including Provident Fund, Income Tax, Wealth
 Tax, Service Tax, cess and other material statutory dues applicable to
 it. According to the information and explanations given to us, no
 undisputed amounts payable in respect of outstanding statutory dues
 were in arrears as at March 31, 2015 for a period of more than six
 months from the date they became payable.
 
 b) According to the information and explanations given to us, the dues
 outstanding of Provident Fund, Income Tax, Wealth Tax, Service Tax,
 Sales Tax or Cess on account of any dispute as at the end of the
 financial year, are as follow:
 
 Financial year to       Nature of dues     Amount        Forum where
 which amount relates                                     dispute is
                                                          pending
 
 2005-2006               Income Tax        904,509        Gujarat High
                                                          Court
 
 c) According to the information and explanations given to us, no amount
 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 neither has any accumulated losses nor has incurred
 any cash losses during the financial year covered by our audit and the
 immediately preceding financial year.
 
 ix.  According to the information and explanation given to us, the
 Company has not defaulted in repayment of dues to a financial
 institution or a bank.
 
 x.  To the best of our knowledge and belief and according to the
 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 information and explanations given to us and
 records examined by us, the term loans have been applied for the
 purpose for which they were obtained.
 
 xii. Based on the audit procedure performed and 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, O.P.Bhandari & Co.
                                                Chartered Accountants
                                               Firm Regd. No. 112633W
 
 
                                                       O. P .Bhandari
 Place : Ahmedabad                                          (Partner)
 Date : 26th May, 2015                           Membership No. 34409
 
 
स्रोत: रेलीगरे टेचनोवा

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