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डॉ डैटसन लैब्स

बीएसई: 533412  |  NSE: DRDATSONS  |  ISIN: INE928K01013  |  Pharmaceuticals

खोजें डॉ डैटसन लैब्स कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
1. We have audited the accompanying financial statements of DR. DATSONS
 LABS LIMITED (Formerly known as Aanjaneya Lifecare Limited) (the
 Company), which comprises the Balance Sheet as at March 31, 2014, 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
 
 2. Management is responsible for 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 Standards notified under the Companies Act, 1956 (the
 Act) read with the General Circular 15/2013 dated 13th September 2013
 of the Ministry of Corporate Affairs in respect of section 133 of the
 Companies Act, 2013. This responsibility includes the design,
 implementation and maintenance of internal control 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
 
 3. Our responsibility is to express an opinion on these financial
 statements based on our audit. We conducted our audit in accordance
 with the Standards on Auditing 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 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 entity''s preparation and
 fair presentation of the financial statements in order to design audit
 procedures that are appropriate in the circumstances, but
 
 not for the purpose of expressing an opinion on the effectiveness of
 the entity''s internal control. An audit also includes evaluating the
 appropriateness of accounting policies used and the reasonableness of
 accounting estimates made by management, as well as evaluating the
 overall presentation of the financial statements.
 
 4. In our opinion and to the best of our information and according to
 the explanations given to us, the 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:
 
 a. in the case of the Balance Sheet, of the state of affairs of the
 Company as at March 31, 2014;
 
 b. in the case of the of Statement of Profit and Loss, of the profit
 for the year ended on that date; and
 
 c. 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
 
 5. As required by the Companies (Auditor''s Report) Order, 2003 (''the
 Order) issued by the Central Government of India in terms of
 sub-section (4A) of section 227 of the Act, we give in the Annexure a
 statement on the matters specified in paragraphs 4 and 5 of the Order.
 
 6. As required by Section 227(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
 audit;
 
 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
 books and proper returns adequate for the purposes of audit have been
 received from branches not visited by us.
 
 C. The Company does not have any branch. Hence requirement for the
 report on the accounts of the branch offices under section 228 is not
 applicable.
 
 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
 account; and with the returns received from branches not visited us.
 
 d. in our opinion, the Balance Sheet, Statement of Profit and Loss and
 Cash Flow Statement comply with the
 
 Accounting Standards notified under the Companies Act, 1956 read with
 the General Circular 15/2013 dated 13th September 2013 of the Ministry
 of Corporate Affairs in respect of section 133 of the Companies Act,
 2013;
 
 e. on the basis of written representations received from the directors
 as on March 31, 2014, and taken on record by the Board of Directors,
 none of the directors is disqualified as on March 31, 2014, from being
 appointed as a director in terms of clause (g) of sub- section (1) of
 section 274 of the Companies Act, 1956.
 
 f. Since the Central Government has not issued any
 
 notification as to the rate at which the cess is to be paid under
 section 441A of the Companies Act, 1956, nor has it issued any Rules
 under the said section, prescribing the manner in which such cess is to
 be paid, no cess is due and payable by the Company.
 
 Annexure to Auditors Report
 referred to in paragraph 5 of our report of even date to the members of
 DR. Datsons Labs Limited (Formerly known as Aanjaneya Lifecare Limited)
 on the financial statements for the year ended 31stMarch ,2014.
 
 i. (a) The Company has maintained proper records showing full 
 particulars including quantitative details and situation of fixed 
 assets.
 
 (b) The fixed assets were physically verified during the year by the
 management in accordance with a regular program of verification which
 in our opinion provides for physical verification of all fixed assets
 at reasonable intervals having regard to 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.
 
 (c) The Company has not disposed off substantial part of fixed assets
 during the year.
 
 ii. (a) The inventory of raw material, finished/semi-
 
 finished and other traded materials have been physically verified by
 management at reasonable interval during the year.
 
 (b) In our opinion and according to the information and explanation
 given to us, the procedures of physical verification of inventory
 followed by the management are reasonable and adequate in relation to
 the size of the company & the nature of its business.
 
 (c) The Company has been maintaining proper records of inventory and no
 discrepancies were noticed on verification between the physical stocks
 and book records.
 
 iii. (a) The Company has not granted any loans ,secured or
 unsecured to companies ,firms or other parties covered in the register
 maintained under section 301 of the Companies Act 1956.
 
 (b) The Company has not taken any secured loans from companies, firms
 or other parties covered in the register maintained under section 301
 of the Companies Act 1956 .The Company has taken unsecured loans from
 three parties covered in the register maintained under section 301 of
 the Act. The maximum amounts involved during the year was ''.4395.64Lacs
 and the year end outstanding of loans taken from such parties was
 Rs.4384.00Lacs.
 
 (c) In our opinion and according to the information and explanations
 given to us, such unsecured loans taken by the company are interest
 free in nature and other terms and conditions of such loans are not
 prima facie prejudicial to the interest of the company.
 
 (d) In our opinion and according to the information and explanations
 given to us, such unsecured loans taken by the company are repayable on
 demand. There has been no default in the repayment of such loans taken
 by the company. Such unsecured loans are interest free.
 
 (e) There is no overdue amount in respect of loans taken by the company
 from parties listed in the register maintained under section 301 of the
 Companies Act 1956.
 
 iv In our opinion and according to information & explanations given to
 us, there are adequate internal control system commensurate with the
 size of the company and the nature of its business for the purchase of
 inventory, fixed assets and with regard to sale of goods and services.
 Further on the basis of our examination of the books and records of the
 company we have not come across any major weakness or continuing
 failure to correct any major weaknesses in the aforesaid internal
 control system.
 
 v In respect of transactions covered under section 301 of the Companies
 Act, 1956.
 
 (a) In our opinion and according to the information and explanations
 given to us, the transaction made in pursuance of contracts or
 arrangements that needed to be entered into the register maintained
 u/s. 301 of the Companies Act 1956 have been so entered.
 
 (b) In our opinion and according to the information and explanations
 given to us, these transaction made in pursuance of such contracts or
 arrangements and exceeding the value of rupees five lacs in respect of
 any party during the year have been made at prices which are reasonable
 having regard to the prevailing market prices at relevant time.
 
 vi. The Company has not accepted any deposits from public during the
 year, hence provision of sections 58-A & 58- AA of the Companies Act,
 1956 are not applicable
 
 vii. The Company has an Internal Audit System Commensurate with the
 size and the nature of its business
 
 viii. We have broadly reviewed the books of account maintained by the
 company pursuant to the rules made by the Central Government for
 maintenance of cost records under section 209 (1) (d) of Companies Act,
 1956 and are of the opinion that prima facie , the prescribed
 accounts and record have been made and maintained.
 
 ix. According to the information and explanations given to us in
 respect of statutory dues :
 
 (a) The Company has not been regular in depositing undisputed statutory
 dues including Provident Fund, Income Tax Deducted at Source, and
 Service Tax with the appropriate authorities during the year. Further,
 since the Central Government has till date not prescribed the amount of
 cess payable under section 441A of the Companies Act 1956, we are not
 in a position to comment upon the regularity or otherwise of the
 company in depositing the same.
 
 (b) There were arrears of undisputed statutory dues in respect of the
 Provident Fund Rs. 20.55 Lacs, Professional Tax Rs. 3.17 Lacs, Income
 Tax Deducted at Source Rs.107.87 Lacs and Service Tax Rs. 9.85 Lacs as
 at 31st March 2014 outstanding for a period of more than six months
 from the date they became payable
 
 (c) There are no statutory dues which have not been deposited on
 account of any dispute.
 
 x. This is the Eighth year of the Companies existence .The company has
 no accumulated losses as at 31st March 2014 and has not incurred any
 cash losses during the financial year ended on that date or in the
 immediately preceding financial year .
 
 xi. According to the records of the Company examined by us and the
 information and explanations given to us, there has been major default
 in repayments of dues to Banks amounting to ''1197.54 Lacs in respect of
 Principal repayments of term loan and ''488.26 Lacs in respect of
 interest thereof. Further the interest remaining due and unpaid on
 Working Capital Demand Loan (WCDL) / Cash Credit (CC) to Banks stands
 at '' 3305.16 lacs as at 31st March, 2014.The period of delay is ranging
 between One month to Seventeen months. There are no debenture holders.
 
 xii. The company has not granted any loans and advances on the basis of
 any security by way of pledge of shares, debentures and other
 securities..
 
 xiii. In our opinion, the Company is not a chit fund or Nidhi / Mutual
 benefit fund /society. Therefore the provisions of any special statute
 as specified under clause 4(xiii) of the said Order are not applicable
 to the company.
 
 xiv. In our opinion the Company is not a dealer or trader in shares,
 securities, debenture and other investments.  Therefore the provisions
 of clause 4(xiv) of the Order are not applicable to the company
 
 xv. According to the information and explanations given to us the
 company has not given any guarantee for loans taken by others from
 banks or financial institutions during the year.
 
 xvi. In our opinion and according to information and explanation given
 to us, term loans taken from banks were applied for the purpose for
 which such loans were obtained during the year.
 
 xvii. According to the information and explanations given to us and on
 the basis of an overall examination of the Balance Sheet of the company
 , there are no funds raised on short-term basis that have been used for
 long-term investment.
 
 xviii. During the year, the company has not made any preferential
 allotment of shares to parties and companies covered in the register
 maintained under section 301 of the companies Act, 1956.
 
 xix. The company has not issued debentures since inception.  During the
 year the company has not raised any money by issuing shares to the
 Public. However the company had issued Foreign Currency Convertible
 Bond (FCCB) aggregating to US $ 40 Million during the financial year
 2012-14 for acquisition of company overseas. During the current
 financial year under report FCCB aggregating to US $ 18 Million were
 converted into 1,77,68,124 equity shares at conversion price of Rs 55
 per share. The Management has disclose its end use and we have verified
 the same.
 
 xx. According to the information & explanation given to us and based on
 our examination of the books and records of the company, we have not
 come across any instance of significant fraud on or by the company
 noticed or reported during the course of our audit.
 
                                            For Agarwal Desai & Shah 
                                            Chartered Accountants 
                                            Firm''s Regn. No.: 124850W
 
                                            Rishi A.Sekhri
 Place: Mumbai                              Partner
 Date: 30th May, 2014.                      M. No. 126656
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `566.52 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `183.41 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `800 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `818 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `140.36 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `42.76 Cr की बिकवाली की
  • MARKET CUES : स्टॉक ऑप्शंस में `79.20 Cr की बिकवाली की
  • MS ON TCS : Equal-weight रेटिंग, लक्ष्य `1,980/Sh
  • MS ON TITAN : Equal-weight रेटिंग, लक्ष्य `1240/Sh
  • MS ON ICICI BANK : Overweight रेटिंग, लक्ष्य `665/Sh

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