moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Plastics > लेखा परीक्षकों की रिपोर्ट से एक्जेल पॉलीमर्स - बीएसई: 513642, NSE: N.A

एक्जेल पॉलीमर्स

बीएसई: 513642  |  NSE: N.A  |  ISIN: INE197C01012  |  Plastics

खोजें एक्जेल पॉलीमर्स कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
 We have audited the accompanying financial statements of AXEL POLYMERS
 LIMITED which comprise the balance sheet as at 31 March 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
 the preparation and presentation of these standalone financial
 statements that give a true and fair view of the financial position and
 financial performance and cash flows of the company in accordance with
 the Accounting principles generally accepted in India, including
 accounting Standards specified u/s 133 of the Act, read with Rule 7 of
 the Companies (Accounts) Rules, 2014.  This responsibility includes
 maintenance of adequate accounting records in accordance with the
 provision of the Act for safeguarding 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 standalone
 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 thereunder.
 We conducted our audit in accordance with the Standards on Auditing
 specified u/s 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 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 control relevant to the company''s preparation of the
 financial statements that give true and fair viewin 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 the operating effectiveness of such controls. 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 on the standalone
 financial statements.
 In our opinion and to the best of our information and according to the
 explanations given to us, the above 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:
 1) in the case of the balance sheet, of the state of affairs of the
 company as at 31 March 2015;
 2) in the case of the statement of profit and loss, of the Profit for
 the year ended on that date;
 3) in the case of the Cash Flow Statement, of the 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.
 2.  As required by section 143(3) of the Act, we report that:
 a.  we have obtained all the information and explanations which to the
 best of our knowledge and belief were necessary for the purpose of our
 b.  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
 c.  the Balance Sheet .Statement of Profit and Loss and cash flow
 statement dealt with by this Report are in agreement with the books of
 d.  in our opinion, the Balance Sheet and Statement of Profit and Loss
 comply with the Accounting Standards referred to in section 133the Act,
 read with rule 7 of the Companies (Accounts) Rules,2014
 e.  on the basis of written representations received from the directors
 as on 31 March 2015, and taken on record by the Board of Directors,
 none of the directors is disqualified as on 31 March 2015, from being
 appointed as a director in terms of section 164(2) of the Act.
 f.  With respect to the matter 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 Note 2.25(2) of the standalone financial
 ii. The Company did not have any long term contracts including
 derivatives contracts for which there were an material foreseeable
 iii. There is no such amount which is required to be transfer to the
 Investor education and protection fund in accordance with the relevant
 provisions of the Companies Act, 1956 and rules made there under.
 1 (a) The company has maintained proper records showing full
 particulars, including quantitative details and situation of its fixed
 assets; however the same remains to be updated.
 (b) As explained to us, fixed assets are physically verified by the
 management at the year-end, which in our opinion, is reasonable,
 looking to the size of the company and its nature of business, and no
 material discrepancies were noticed on such verification.
 2 (a) As explained to us, Inventories has been physically verified
 during the year and at the year-end.
 (b) In our opinion the procedures of 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. As informed
 to us, the no material discrepancies were noticed on physical
 verification of stocks as compared to book records were.
 3 (a) 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. Hence, Clause (03) (a) to (b) of the
 Order is not applicable.
 4.  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 with regard to purchases of inventory, fixed assets and with
 regard to the sale of goods and sale of services. During the course of
 our audit, we have not observed any continuing failure to correct major
 weakness in internal controls.
 5.  The Company has not accepted any deposits during the year from the
 public, within the meaning of the provisions of Section 73 & 74 of the
 Companies Act 2013 and rules made there under.
 6.  We are informed that the Central Government has not prescribed
 maintenance of cost records pursuant to Rules prescribed under Section
 148(1) of the Act; hence clause (viii) of the order is not applicable.
 7.  (a) The company is not regular in depositing undisputed statutory
 dues including provident fund, income-tax, service tax, duty of
 customs, duty of excise, value added tax or cess dues with the
 appropriate authorities. There are no undisputed amounts payable as at
 31.03.2015 for a period of more than six months from the date they
 became payable except Income tax of Rs.3.12 Lacs.
 (b) According to the information and explanation given to us, there are
 no dues of income-tax, sales-tax, service tax, duty of customs, duty of
 excise, value added tax or cess dues under dispute as on 31st March
 2015 except Income Tax dues:
 Name of Statue      Nature of Dues       Amount        Period to which
                                           (Rs.)        it relates
 Income Tax Act,     Income Tax           38370/-       A.Y. 2007-08
                                          161437/-      A.Y. 2008-09
                                          161437/-      A.Y. 2009-10
 Name of Statue           Forum where the dispute is pending
 Income Tax Act,1961      Assessing Officer
 8.  The accumulated losses of the company exceed 50% of its net worth
 at the end of the Financial year. The Company has not incurred cash
 losses in the current year however cash loss was incurred in
 immediately preceding financial year.
 9.  Based on our audit procedures and on the information and
 explanation given to us, we are of the opinion that the company has not
 defaulted in repayment of its Loan and Interest to the bank.
 10.  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.
 11.  According to the information and explanations given to us, no new
 term loans were availed during the year.
 12.  To the best of our knowledge and belief and according to
 information and explanation given to us no fraud on or by the company
 has been noticed or reported during the year under report.
                                                    For SHAH & BHANDARI
                                                  Chartered Accountants
                                                      Firm No.: 118852W
                                                      (Yogesh Bhandari)
 Place: Vadodara                                               Partner
 Date: 30.05.2015                                          M.No.046255
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • NEWS FLASH EVE : CNBC-आवाज़ को ENBA ने किया सम्मानित
  • NEWS FLASH EVE : आवाज़ अड्डा-Best Talk Show (2nd Runner Up)
  • NEWS FLASH EVE : पहला सौदा- Best Business Programme अवॉर्ड
  • NEWS FLASH EVE : CNBC-आवाज़ को मिला अवॉर्ड

अभी देखें




(August 06, 2018)

AT (Rs)






Super Combo

Powerful mix of both trader and investor packs with timely expert advice.


Designed especially for traders looking to tap the profit opportunities of volatile markets.


For all investors looking to unearth stocks that are poised to move.