मैट्रिक्स
 
 
moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Textiles - Composite Mills > लेखा परीक्षकों की रिपोर्ट से खटाऊ - बीएसई: 502943, NSE: N.A

खटाऊ

बीएसई: 502943  |  NSE: N.A  |  ISIN:  |  Textiles - Composite Mills

खोजें खटाऊ कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
We have audited the accompanying financial statements of The Khatau
 Makanji Spinning and Weaving Company Limited (the Company), which
 comprise the Balance Sheet as at 31st March, 2014, the Statement of
 Profit and Loss and the Cash Flow Statement for the year then ended,
 and a summary of the significant accounting policies and other
 explanatory information.
 
 Management''s Responsibility for the Financial Statements
 
 The Company''s 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 referred to in Section 211
 (3C) of 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 fair 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 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 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 control relevant to the
 Company''s preparation and fair presentation of the financial statements
 in order to design audit procedures that are appropriate in the
 circumstances. An audit also includes evaluating the appropriateness of
 the accounting policies used and the reasonableness of the accounting
 estimates made by the 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 qualified audit opinion.
 
 Basis for Qualified Opinion
 
 i) An Unsecured Loan which was received from the party appointed as per
 the Company''s sanctioned scheme under BIFR for settlement of creditors,
 and remaining outstanding at the end of the accounting year amounting
 to Rs 6,260,283 is subject to reconciliation and confirmation. Hence we
 are unable to ascertain the exact liability which may arise on this
 account.
 
 ii) The Company''s preference shares amounting to Rs 29,92,500 have not
 been redeemed by 22-02-2012 as per the company''s sanctioned scheme
 under BIFR, vide its order dated 22-02-2007.
 
 Qualified Opinion
 
 In our opinion and to the best of our information and according to the
 explanations given to us, except for the effects of the matter
 described in the Basis for Qualified Opinion Paragraph, 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:
 
 a) in the case of the Balance Sheet, of the state of affairs of the
 Company as at 31 st March, 2014;
 
 b) in the case of the Statement of Profit and Loss, of the Profit of
 the Company for the year ended on that date; and
 
 c) in the case of the Cash Flow Statement, of the cash flows of the
 Company for the year ended on that date.
 
 Report on Other Legal and Regulatory Requirements
 
 1. As required by the Companies (Auditor''s Report) Order, 2003 (the
 Order) issued by the Central Government in terms of Section 227(4A) 
 of the Act, we give in the Annexure a statement on the matters 
 specified in paragraphs 4 and 5 of the Order.
 
 2. 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 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 the Cash
 Flow Statement dealt with by this Report are in agreement with the
 books of account.
 
 (d) In our opinion, the Balance Sheet, the Statement of Profit and Loss
 and the Cash Flow Statement comply 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.
 
 e) On the basis of the written representations received from the
 Directors as on 31st March, 2014 taken on record by the Board of
 Directors, none of the Directors are disqualified as on 31st March,
 2014 from being appointed as a Director in terms of Section 274(1 )(g)
 of the Act.
 
 ANNEXURE
 Re : The Khatau Makanji Spinning and Weaving Company Limited
 Referred to in paragraph 1 of our report of even date.
 
 i. a) The Company is maintaining proper records showing full
 particulars including quantitative details and situation of its fixed
 assets except Furniture and Fixtures and Office Equipments.
 
 b) These fixed assets have been physically verified by the management
 and no material discrepancies were noticed.
 
 c) The Company has not disposed off substantial parts of its fixed
 assets during the year.
 
 ii. a) The inventory has been physically verified during the year by
 the management. In our opinion, the frequency of verification is 
 reasonable.
 
 b) The procedures of physical verification of inventories followed by
 the management are reasonable and adequate in relation to the size of
 the company and the nature of its business.
 
 c) On the basis of our examination of the records of inventory, we are
 of the opinion that the company is maintaining proper records of
 inventory. The discrepancies noticed on verification between the
 physical stocks and the book records were not material.
 
 iii. (a) to (d) The Company has granted an interest free advance to a
 company covered in the Register maintained under Section 301 of the
 Companies Act, 1956. There are no terms of repayment. In respect of the
 said advance, the maximum balance outstanding at any time during the
 year is Rs. 6,539 and the year ended balance is Rs. 6,539.
 
 (e) to (g) The Company has taken interest free loans from a director
 and from 3 companies covered in Register maintained under Section 301
 of the Companies Act, 1956. The maximum balance outstanding during the
 year was Rs 422,332 and the year end balance of loans taken from
 parties was Rs. 422,332. There are no terms for repayment.
 
 iv. We are informed by the management that Internal control systems
 commensurate with the size and nature of its business will be
 introduced by the Company as and when the proposed comprehensive
 Rehabilitation Scheme at Mahad is implemented.
 
 v. a) According to the information and explanations given to us, we are
 of the opinion that the particulars of all contracts or arrangements 
 that need to be entered into the register maintained under section 301 
 of the Companies Act, 1956 have been so entered.
 
 b) In our opinion and according to the information and explanations
 given to us, the transactions made in pursuance of contracts or
 arrangements entered in the register maintained under section 301 of
 the Companies Act, 1956 have been made at prices which are reasonable
 having regard to prevailing market prices at the relevant time.
 
 vi. The Company has not accepted any deposits from the public to which
 the provisions of Section 58A, 58AAor any other relevant provisions of
 the Companies Act, 1956 and the rules framed there under would apply.
 
 vii. The Company has no Internal Audit System.
 
 viii. As there is no production of processed goods during the year
 under audit, there is no question of maintenance of Cost Records U/s.
 209(1 )(d) of Companies Act, 1956.
 
 ix. a) The company is generally regular in depositing undisputed
 statutory dues with the appropriate authorities.There are no 
 outstanding statutory dues as at the last day of the financial year 
 which were outstanding for a period of more than six months from the 
 date they became payable.
 
 b) There are no disputed statutory liabilities not paid by the Company.
 
 x. Accumulated losses of the Company are more than fifty percent of its
 net worth. The Company has not made cash loss during the year or in the
 immediately preceding financial year.
 
 xi. As the Company has not availed any loan from a financial
 institution or a bank, nor has it issued any debentures, there are no
 dues to any financial institution or bank or debenture holders.
 
 xii. The Company has not granted any loans and advances on the basis of
 security by way of pledge of shares, debentures or any other security.
 
 xiii. In our opinion, the company is not a chit fund or nidhi/mutual
 benefit fund/society. Therefore, the provisions of clause 4 (xiii) of
 the Companies (Auditor''s Report) Order, 2003 are not applicable to the
 company.
 
 xiv. In our opinion, the company is not dealing in or trading in
 shares, securities, debentures and any other investments. Accordingly,
 the provisions of clause 4 (xiv) of the aforesaid Order are not
 applicable to the company.
 
 xv. In our opinion and according to the information and explanation
 given by the management, the company has not given any guarantees for
 loans taken by others from banks or financial institutions.
 
 xvi. The Company has not taken any term loan during the year.
 Therefore, the provisions of clause 4 (xvi) of the Order are not
 applicable.
 
 xvii. There were no short term funds raised during the year. Therefore,
 the provisions of clause 4 (xvii) of the Order are not applicable.
 
 xviii. According to the information and explanation given to us and the
 records examined by us, 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 any debentures during the year.
 
 xx. No public issue was made by the company during the year.
 
 xxi. Based upon the audit procedures performed and the 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 SORAB S. ENGINEER & CO.
                                                  Chartered Accountants 
                                          Firm Registration No. 110417W
 
                                                         CA M. P. ANTIA
                                                                PARTNER 
                                                    MEMBERSHIP NO. 7825
 
 Date : 28th April, 2014 ''
 Place: Mumbai
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `750 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `703 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `725 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `661 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `861 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `681 Cr की बिकवाली की
  • CS ON INFOSYS : Underperform रेटिंग, लक्ष्य बढ़ाकर `720/Sh
  • JEFFERIES ON INFOSYS : BUY रेटिंग, लक्ष्य घटाकर `915/Sh
  • CITI ON INFOSYS : BUY रेटिंग, लक्ष्य `900/Sh
  • UBS ON INFOSYS : Neutral रेटिंग, लक्ष्य `900/Sh

अभी देखें

नो युअर कंपनी

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.