मैट्रिक्स
 
 
moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Construction & Contracting - Civil > लेखा परीक्षकों की रिपोर्ट से कौशल्या इंफ्रा - बीएसई: 532925, NSE: KAUSHALYA

कौशल्या इंफ्रा

बीएसई: 532925  |  NSE: KAUSHALYA  |  ISIN: INE234I01010  |  Construction & Contracting - Civil

खोजें कौशल्या इंफ्रा कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
 1.  We have audited the accompanying standalone financial statements of
 KAUSHALYA INFRASTRUCTURE DEVELOPMENT CORPORATION 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 significant accounting policies and other
 explanatory information, which we have signed under reference to this
 report.
 
 Management''s Responsibility for the Standalone Financial Statements
 
 2.  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 standalone 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
 
 3.  Our responsibility is to express an opinion on these standalone
 financial statements based on our audit.
 
 4.  While conducing the 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.
 
 5.  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 misstatements.
 
 6.  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 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.
 
 7.  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
 
 8.  In our opinion, and to the best of our information and according to
 the explanations given to us, the aforesaid standalone 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 its
 cash flows for the year ended on that date.
 
 Report on Other Legal and Regulatory Requirements
 
 9.  As required by the ''Companies (Auditor''s Report) Order, 2015'',
 issued by the Central Government of India in terms of subsection (11)
 of section 143 of the Act(hereinafter referred to as the Order) based
 on the comments in the auditors'' reports, we give in the Annexure a
 statement on the matters specified in the paragraph 3 and 4 of the
 Order, to the extent applicable.
 
 10.  As required by Section 143 (3) of the Act, we report, to the
 extent applicable, 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 relating
 to preparation of the financial statements have been kept so far as it
 appears from our examination of those books and the reports of the
 others;
 
 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 maintained for the purpose of preparation of
 financial statements;
 
 d) In our opinion, the aforesaid standalone 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 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.
 
 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 Auditors)
 Rules, 2014, in our opinion and to the best of our information and
 according to the explanations given to us:
 
 i) The company disclose the impact of pending litigations on its
 financial position in its financial statements - Refer Note 25.1 (2) &
 25.9(a) to the financial statements;
 
 ii) The Company did not have any long- term contracts including
 derivative contracts for which there were any material foreseeable
 losses;
 
 iii) There has been no delay in transferring amounts, required to be
 transferred, to the Investor Education and Protection Fund by the
 Company.
 
 Annexure to Independent Auditors'' Report
 
 Referred to in paragraph [9] of the Independent Auditors'' Report of
 even date to the members of Kaushalya Infrastructure Development
 Corporation Limited on the standalone financial statements for the year
 ended 31st March 2015
 
 (i) (a) The company is maintaining proper records in soft copy format
 showing full particulars, including quantitative details and situations
 of fixed assets except for the period before Financial year 2004-05.
 
 (b) The fixed assets are physically verified by the management
 according to a phased programme designed to cover all the items over a
 period of three years, which in our opinion, is reasonable having
 regard to the size of the company and nature of its assets.  Pursuant
 to the programme, a portion of the fixed assets has been physically
 verified by the management during the year and no material
 discrepancies between the book records and the physical inventory have
 been noticed on such verification. In our opinion, the frequency of
 verification is reasonable.
 
 (ii) (a) The inventory has been physically verified during the year by
 the management. In our opinion, the frequency of such verification is
 reasonable.
 
 (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 its nature of its business.
 
 (c) On the basis of our examination of the inventory records, in our
 opinion, the company is maintaining proper records of inventory. The
 discrepancies noticed on physical verification of inventory as compared
 to book records were not material.
 
 (iii) (a) As informed to us, the company have not granted any loans,
 secured or unsecured, to companies, firms or other parties covered in
 the register maintained under section 189 of the Companies Act, 2013
 and accordingly the provisions of Clause 3(iii)[(b) and (c)] of the
 said Order are not applicable to the company.
 
 (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 for the
 purchase of inventory and fixed assets and for the sale of goods and
 services. Further, on the basis of our examination of the books and
 records of the company and according to the information and explanation
 given to us, we have neither come across, nor have been informed of,
 any continuing failure to correct major weaknesses in the aforesaid
 internal control system.
 
 (v) The Company have not accepted any deposits from the public within
 the meaning of Sections 73 to 76 of the Act and the rules framed there
 under.
 
 (vi) The Central Government has not prescribed cost records u/s 148(1)
 of the Companies Act, 2013 for any of the activities of the company and
 accordingly the provisions of Clause 3 (vi) of the order is not
 applicable to the company.
 
 (vii) (a) Accordingly to the information and explanations given to us
 and the records of the company examined by us, in our opinion, the
 companion various instances has delayed the deposit of the undisputed
 statutory dues including Provident Fund, Employees'' State Insurance,
 Income-tax, Sales-tax, Service Tax, Value Added Tax, cess and any other
 statutory dues applicable to it.  According to information and
 explanations given to us, undisputed amounts payable in respect of
 Service Tax Rs. 1,44,07,638/-, Tax deducted at Source Rs. 25,000/- and
 ESI Rs. 4,419/- were in arrears as at 31st March, 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 and
 records of the Company examined by us, there are no dues of income-
 tax, sales Tax, service tax, value added Tax, cess and other material
 dues which have not been deposited on account of dispute. The
 particulars of dues of service tax & income tax as at 31st March 2015
 which have not been deposited on account of a dispute, are as follows:
 
 
 Name of the Statute         Nature of Dues                Amount (in
                                                             Lacs)
 
 Income Tax Act              Income tax                       0.91
 
 Income Tax Act              Income tax                       28.47
 
 Income Tax Act              Income tax                       30.27
 
 Income Tax Act              Income tax                       37.61
 
 Income Tax Act              Income tax                       1.91
 
 Income Tax Act              Income tax                       51.43
 
 Income Tax Act              Interest on TDS                  2.46
                             & Late Fees
 
 Income Tax Act              Short Deduction of               3.02
                             TDS & Late Fees
 
 Income Tax Act              Interest & Short Deduction       3.30
                             of TDS & Late Fees
 
 Income Tax Act              Interest on TDS                  15.75
 
 Income Tax Act              Interest, Short Payment
                             & Deduction of TDS
 
 The Central                 Service Tax                      421.84
 Excise Act,1944
 
 The WB.VAT Act, 2003              Vat                        87.42
 
 The WB.VAT Act, 2003              Vat                        89.53
 
 The WB.VAT Act, 2003              Vat                        817.10
 
 The WB.VAT Act, 2003              Vat                        6.60
 
 The WB.VAT Act, 2003              Vat                        0.35
 
 The WB.VAT Act, 2003              Vat                        65.35
 
 
 Name of the Statute    Period to which the      Forum where dispute is
                        amount relates           pending
 
 Income Tax Act         Asst. Year 2005-06       I.T. Appellate Tribunal
 
 Income Tax Act         Asst. Year 2007-08       I.T. Appellate Tribunal
 
 Income Tax Act         Asst. Year 2009-10       I.T. Appellate Tribunal
 
 Income Tax Act         Asst. Year 2010-11       I.T. Appellate Tribunal
 
 Income Tax Act         Asst. Year 2011-12       I.T. Appellate Tribunal
 
 Income Tax Act         Asst. Year 2012-13       Commissioner of Income
                                                 Tax (Appeals)
 
 Income Tax Act         Asst. Year 2015-16       TDS Circle-II
 
 Income Tax Act         Asst. Year 2014-15       TDS Circle-II
 
 Income Tax Act         Asst. Year 2013-14       TDS Circle-II
 
 Income Tax Act         Asst. Year 2012-13       TDS Circle-II
 
 Income Tax Act         Prior Assessment         TDS Circle-II
                        Years
 
 The Central            From 1st april,          Service Tax
 Excise Act,1944        2010- 31st               Commisionerate, Kolkata
                        December 2012
                        under VCES
 
 The WB.VAT             Financial Year           Revision Board, Kolkata
 Act, 2003              2006-07
 
 The WB.VAT             Financial Year           Revision Board, Kolkata
 Act, 2003              2007-08
 
 The WB.VAT             Financial Year           Revision Board, Kolkata
 Act, 2003              2008-09
 
 The WB.VAT             Financial Year           Sr. Joint Commissioner
 Act, 2003              2009-10                  Appeal, Kolkata
 
 The WB.VAT             Financial Year           Sr. Joint Commissioner
 Act, 2003              2010-11                  Appeal, Kolkata
 
 The WB.VAT             Financial Year           Sr. Joint Commissioner
 Act, 2003              2011-12                  Appeal, Kolkata
 
 
 
 (c) According to the information and explanations given to us the
 company has transferred Rs. 1,63,680/- to the investor education and
 protection fund in accordance with the relevant provisions of Companies
 Act,1956 and rules made thereunder, with the appropriate authorities.
 
 (viii) The company has accumulated losses as at 31st March, 2015 which
 is less than fifty percent of the net worth of the Company and it has
 incurred cash loss of Rs. 6,56,14,996/- in the current year and of Rs.
 13,65,80,111/- in the immediately preceding financial year.
 
 (ix) According to the records of the company examined by us and the
 information and explanations given to us, the company has defaulted in
 payment of bank interest of Rs. 45,42,695/- and the same has been
 reversed by the bank in the month of March. The bankers of the Company
 are considering a second restructuring which is under review by lead
 banker(The State Bank of India). The Company has not issued any
 debentures at balance sheet date.
 
 (x) In our opinion, and 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 institution.
 
 (xi) The company has not taken any term loans and accordingly the
 provisions of Clause 3(xi) of the order are not applicable to the
 company.
 
 (xii) During the course of our examination of the books and records of
 the company, carried out in accordance with the generally accepted
 auditing practices in India, and according to the information and
 explanations given to us, we have neither come across any instance of
 fraud on or by the aforesaid company, noticed or reported during the
 year, nor have we been informed of such case by the management.
 
                                                      For Sumanta & Co.
                                          Firm Registration No. 322554E
                                                  Chartered Accountants
                                                  Pradeep Kumar Agarwal
 Place : Kolkata                                                Partner
 Date : The 30th day of May, 2015            ICAI Membership No. 056521
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `830 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `784 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `567 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `409 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `435 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `638 Cr की बिकवाली
  • ENTERS IN F&O BAN : EQUITAS के F&O में नई पोजीशन पर रोक
  • STILL IN F&O BAN : BHEL, GLENMARK, I-BULLS HSG FIN
  • OUT OF F&O BAN : Vodafone Idea, SAIL के F&O से रोक हटी

अभी देखें

मॉर्निंग कॉल

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

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

Technical

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

Fundamental

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