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कार्नेक्स

बीएसई: 522001  |  NSE: N.A  |  ISIN: INE608B01010  |  Engineering - Heavy

खोजें कार्नेक्स कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
We have audited the accompanying financial statements of M/s CRANEX
 LIMITED (the company),which comprise the Balance Sheet as at 31 March
 2015, the Statement of Profit and Loss, the 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 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 the maintenance of adequate accounting records in
 accordance with the provision of the Act for safeguarding of the assets
 of the Company and for preventing and detecting the 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 control, 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
 thereunder.
 
 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 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 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
 accounting policies used and the reasonableness of the accounting
 estimates made by 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.
 
 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 31stMarch2015, its profit/loss and its cash flows for the year ended
 on that date.
 
 Emphasis of matters
 
 We draw attention to the following matters in the financial statements.
 
 a. It has been observed that the Company is not complying with
 accounting standards 22 i.e. provision of deferred tax liability either
 for the current year or in respect of the past.
 
 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
 purposes of our audit.
 
 b) 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.
 
 c) the Balance Sheet, the Statement of Profit and Loss, and Cash Flow
 Statement dealt with by this Report are in agreement with the 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) In our opinion, and to the best of our information and according to
 the explanations given to us, we have no observation or comments on
 financial transactions or matters which have any adverse effect on the
 functioning of the company.
 
 f) On the basis of written representations received from the directors
 as on 31 March, 2015, 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.
 
 g) In our opinion and to the best of our information and according to
 the explanations given to us, we report as under with respect to other
 matters to be included in the Auditor''s Report in accordance with Rule
 11 of the Companies (Audit and Auditors) Rules, 2014:
 
 i.  The Company does not have any pending litigations which would
 impact its financial position.
 
 ii.  The Company did not have any long-term contracts including
 derivatives contracts for which there were any material foreseeable
 losses.
 
 iii.  There were no amounts which required to be transferred by the
 Company to the Investor Education and Protection Fund.
 
 Annexure to the Auditors'' Report
 
 [Referred to in paragraph 1 under ''Report on Other Legal and Regulatory
 Requirements'' of our Report of even date to the members of M/s Cranex
 Limited on the accounts of the company for the year ended 31st March,
 2015]
 
 On the basis of such checks as we considered appropriate and according
 to the information and Explanations given to us during the course of our
 audit, 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 the fixed assets.
 
 (b) As explained to us, fixed assets have been physically verified by
 the management during the year in accordance with the phased programme
 of verification adopted by the management which, in our opinion,
 provides for physical verification of all the fixed assets at
 reasonable intervals. According to the information and explanations
 given to us, no material discrepancies were noticed on such
 verification.
 
 (ii) In respect of its inventory:
 
 a) As explained to us, the inventories of work in progress were
 physically verified at the end of the year by the Management. There is
 no inventory lying with third parties.
 
 b) In our opinion and according to the information and explanation
 given to us, the procedures of physical verification of inventories
 followed by the Management were reasonable and adequate in relation to
 the size of the Company and the nature of its business.
 
 c) In our opinion and according to the information and explanations
 given to us, the Company has maintained proper records of its
 inventories and no material discrepancies were noticed on physical
 verification of stocks as compared to book records.
 
 (iii) According to the information and explanations given to us, the
 Company has not granted any loans to companies, firms or other parties
 covered in the Register maintained under Section 189 of the Companies
 Act, 2013; and therefore paragraph 3(iii) 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 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.
 
 (v) The company has not received any public deposits during the year.
 
 (vi) As informed to us, the Central Government has not prescribed
 maintenance of cost records under sub-section (1) of Section 148 of the
 Act, in respect of the activities carried on by the Company.
 
 (vii) In respect of statutory dues:
 
 (a) According to the records of the company and information and
 explanations given to us, the Company has generally been regular in
 depositing undisputed statutory dues, including Provident Fund,
 employees state insurance (ESI), Investor Education and Protection
 Fund, Income-tax, Tax deducted at sources, Tax collected at source,
 Professional Tax, Sales Tax, value added tax (VAT), Wealth Tax, Service
 Tax, Custom Duty, Excise Duty, Cess and other material statutory dues
 applicable to it, with the appropriate authorities.
 
 (b) According to the information and explanations given to us, there
 were no undisputed amounts payable in respect of Income-tax, Wealth
 Tax, Custom Duty, Excise Duty, sales tax, VAT, Cess and other material
 statutory dues in arrears /were outstanding as at 31 March, 2015 for a
 period of more than six months from the date they became payable.
 
 (c) There were no amounts which required to be transferred by the
 Company to the Investor Education and Protection Fund.
 
 (viii) The accumulated losses of the company are not more than 50% of
 its Net Worth. The company has not incurred any Cash loss during the
 financial covered by our Audit and also in the immediately preceding
 financial year.
 
 In arriving at the accumulated losses and net worth as above, we have
 considered the quantifications which are quantifiable in the audit
 reports of the years to which these losses pertain.
 
 (ix) In our opinion and according to the information and explanations
 given to us, the Company has not defaulted in the repayment of dues to
 financial institutions, banks and debenture holders.
 
 (x) In our opinion, and according to the information and the
 explanation given to us, the company has not given any guarantee for
 loans taken by others from banks or financial institutions during the
 year.
 
 (xi) The company has not obtained any term loan during the year, so
 this para of order is not applicable.
 
 (xii) To the best of our knowledge and according to the information and
 explanations given to us, no fraud by the Company and no material fraud
 on the Company has been noticed or reported during the year.
 
                                               For P. D MITTAL & COMPANY
                                                   Chartered Accountants
                                         (Firm Registration No. : 11320N)
 
                                                         Sd/-
 
                                                     (P.D Mittal)
                                                       Partner
                                               (Membership No.: 009459 )
 
 Place: New Delhi
 Date: 30 / 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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