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कॉफी ब्रेक पिक्चर्स

बीएसई: 531602  |  NSE: N.A  |  ISIN: INE208D01023  |  Textiles - Readymade Apparels

खोजें कॉफी ब्रेक पिक्चर्स कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
1. We have audited the accompanying financial statements of Koffee
 Break Pictures Limited (the Company), which comprise the Balance
 Sheet as at March 31st, 2014, and the Statement of Profit and Loss and
 Cash Flow Statement for the year 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 Financial Statements
 
 2. 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 sub-section
 (3C) of section 211 of ''the Companies Act, 1956'' of India (the Act).
 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.
 
 Auditors'' 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.
 
 4. An audit involves performing procedures to obtain audit evidence,
 about the amounts and disclosures in the financial statements. The
 procedures selected depend on the auditors'' 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 auditors consider 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, but not for the purpose for expressing 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 the accounting estimates made by Management, as well
 as evaluating the overall presentation of the financial statements.
 
 5. We believe that the audit evidence we have obtained is sufficient
 and appropriate to provide a basis for our audit opinion.
 
 Opinion
 
 6. In our opinion, and to the best of our information and according to
 the explanations given to us, the accompanying 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 31st, 2014;
 
 b) in the case of the Statement of Profit and Loss, of the Loss 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
 
 7. As required by ''the Companies (Auditor''s Report) Order, 2003'', as
 amended by ''the Companies (Auditor''s Report) (Amendment) Order, 2004'',
 issued by the Central Government of India in terms of sub-section (4A)
 of section 227 of the Act (hereinafter referred to as the Order), and
 on the basis of such checks of the books and records of the Company as
 we considered appropriate and according to the information and
 explanations given to us, we give in the Annexure a statement on the
 matters specified in paragraphs 4 and 5 of the Order.
 
 8. 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;
 
 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;
 
 d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and
 Cash Flow Statement dealt with by this report comply with the
 Accounting Standards referred to in sub-section (3C) of section 211 of
 the Act and;
 
 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 Act.
 
 ANNEXURE TO INDEPENDENT AUDITORS'' REPORT
 
 Referred to in paragraph 7 of the Independent Auditors'' Report of even
 date to the members of Koffee Break Pictures Limited on the financial
 statements as of and for the year ended 31st March, 2014.
 
 i. a) The Company is maintaining proper records showing full
 particulars, including quantitative
 
 details and situation, of fixed assets.
 
 b) The company has a program for phased physical verification of all
 its fixed assets which in our opinion, is reasonable having regard to
 size of company and nature of its assets. As informed, no material
 discrepancies have been noticed on such verification.
 
 c) The company has disposed off a substantial part of its fixed assets
 during the year however; the going concern assumptions remain
 unaffected.
 
 ii. a) The management has conducted physical verification of fixed
 assets at reasonable intervals during the year.
 
 b) 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 and no
 material discrepancies were noticed on physical verification.
 
 iii. a) The company has not given any unsecured interest free loan
 during previous years to parties mentioned in the register maintained 
 u/s 301 of the Act.
 
 b to d) Since the company has not given any unsecured loans to the
 parties covered in the register maintained u/s 301 of the Act, hence
 paragraph (iii) (b) (c) and (d) of the order, are not applicable
 
 e) The company has not taken any new unsecured interest free loans from
 parties covered in the register maintained u/s 301 of the Act under
 review.
 
 g) Since the company has not taken any loans from the parties
 covered in the register maintained u/s 301 of the Act, hence paragraph
 (iii) (f) and (g) of the order, are not applicable.
 
 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, fixed assets and sale of its products and
 services. During the course of our audit, no major weakness has been
 noticed in the internal control system in respect of these areas.
 
 v. a) To the best of our knowledge and belief and according to the
 according to the information''s and explanations give to us, we are 
 of the opinion that the particulars of contracts or arrangements 
 referred to in section 301 of the act have been entered in the 
 register required to be maintained under that section; and
 
 b) Transaction made in pursuance of such contracts or arrangements have
 been made at prices which are reasonable having regard to the
 prevailing market prices at the relevant time.
 
 vi. The company has not accepted any deposit from public. Therefore,
 the provision of clause 4 (vi) of the Order are not applicable to the
 Company.
 
 vii. The company does not have formal internal audit system but its
 financial and internal checks ensures proper recording of financial
 transactions
 
 viii. The maintenance of cost records has not been prescribed by the
 Central Government u/s (d) of sub-section (1) of section 209 of the
 Companies Act, 1956.
 
 ix. According to the information and explanations given to us and
 record of the company examined by us, there are no disputed dues of any
 statute liabilities. As per our information, no disputed case is
 pending
 
 x. According to the information and explanations given to us, the
 company has accumulated losses of '' 3,81,02,665/- at the end of the
 financial year and it has not incurred cash losses during the current
 year but had incurred cash loss of '' 14,389,301/- in the immediately
 preceding financial year.
 
 xi. In our opinion and according to the information and explanations
 given to us, the company has not made any delay in repayment of dues to
 a financial institution or bank
 
 xii. In our opinion and according to the information and explanations
 given to us, the company has not granted loans and advances on the
 basis of security by way of pledge of shares, debenture and other
 securities.
 
 xiii. In our opinion, the company is not a chit fund or a nidhi /
 mutual benefit fund / society. Therefore, the provision of clause 4
 (xiii) of the order, are not applicable to the Company.
 
 xiv. In our opinion, the company is not dealing in or trading in
 shares, securities, debentures and other investments. Accordingly the
 provision of clause 4 (xiv) of the order, are not applicable to the
 company
 
 xv. In our opinion and according to the information and explanations
 given to us, the Company has not given guarantee for loan taken by
 others from banks or financial institution.
 
 xvi. The Company has not raised term loans during the year. The term
 loans outstanding at the beginning of the year have been applied for
 the purposes for which they were raised.
 
 xvii. According to the information and explanation given to us and on
 an overall examination of the balance sheet of the company, we report
 that no funds raised on short term basis have been used for long-term
 investment by the company.
 
 xviii. According to information and explanation provided to us and on
 the basis of records examined by us, the company has not made
 preferential allotment of equity shares to companies/persons covered in
 the registered maintained u/s 301 of the Companies Act, 1956.
 
 xix. The Company has not issued debentures during the year under review
 and therefore the provision of clause 4(xix) of the Order, are not
 applicable to the company.
 
 xx. During the year covered by our audit report, the Company has not
 raised any money by way of public issue.
 
 xxi. According to the information and explanation given to us, no fraud
 on or by the company has been noticed or reported during the course of
 our audit.
 
                                             For Agarwal Desai & Shah
                                               Chartered Accountants 
                                               Firm Reg. No.124850W
 
                                                   Rishi Shekhri
 Place : MUMBAI.                                      Partner
 Date : 30th May, 2014                         Membership No. 126656
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1008 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `538 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `379 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `656 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1075 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `36 Cr की बिकवाली की
  • MS ON BPCL : Overweight रेटिंग, लक्ष्य `571/Sh
  • CS ON AARTI IND : Outperform रेटिंग, लक्ष्य `980/Sh
  • CS ON APOLLO HOSP : लक्ष्य `1,300 से बढ़ाकर `1,600/Sh
  • NOMURA ON ESSAR CASE : बैंकों की अब 90% तक रकम की रिकवरी संभव

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