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रघुनाथ इंटरनैशनल

बीएसई: 526813  |  NSE: N.A  |  ISIN: INE753B01014  |  Cigarettes

खोजें रघुनाथ इंटरनैशनल कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
We have audited the accompanying financial statements of Raghunath
 International Limited, (the Company), which comprise the Balance
 Sheet as at March 31, 2014, and 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
 
 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 (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
 
 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 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 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 accounting policies used and
 the reasonableness of the accounting estimates made by 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 audit opinion.
 
 Opinion
 
 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 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
 
 1.  As required by the Companies (Auditors'' 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.
 
 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 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 our audit have
 been received from branches not visited by us];
 
 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 by
 us];
 
 d) in our opinion, the Balance Sheet, Statement of Profit and Loss and
 Cash Flow Statement comply with the Accounting Standards referred to in
 subsection (3C) of section 211 of the Companies Act, 1956;
 
 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 REFERRED TO IN PARAGRAPH 1 OF REPORT ON OTHER LEGAL AND
 REGULATORY REQUIREMENTS CONTAINED IN INDEPENDENT AUDITORS REPORT OF
 EVEN DATE TO THE MEMBERS OF RAGHUNATH INTERNATIONAL LIMITED ON THE
 FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2014
 
 (i) (a) The company has maintained proper records showing full
 particulars, including quantitative details and situation of fixed
 assets.
 
 (b) We have been informed that the fixed assets of the company are
 physically verified by the management according to a phased program
 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
 the nature of its assets. No material discrepancies were noticed on
 such verification.
 
 (c) During the year, the Company has not disposed off any Fixed Asset.
 
 (ii) (a) The inventory of the company has been physically verified
 during the year by the management. In our opinion, the frequency of
 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 the nature of its business.
 
 (c) The company has maintained proper records of inventory. As
 explained to us, there were no material discrepancies noticed on
 physical verification of inventory as compared to the book records.
 
 (iii) As informed, the company has neither granted nor taken any loan,
 secured or unsecured to/from companies, firm or other parties listed in
 the register maintained under section 301 of The Companies Act, 1956.
 Accordingly, provisions of the paragraphs 4(iii) (a) to (g) of CARO are
 not applicable to the company.
 
 (iv) There is adequate internal control system commensurate with the
 size of the company and the nature of its business with regard to 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
 explanations given to us, we have neither come across nor have we been
 informed of any continuing failure to correct major weaknesses in the
 aforesaid internal control system.
 
 (v) In our opinion and according to the information and explanations
 given to us, there are no contracts or arrangements referred to in
 section 301 of The Companies Act, 1956 that need to be entered in the
 register required to be maintained under that section. Accordingly,
 provisions of the paragraphs 4(v) (a) and (b) of CARO are not
 applicable to the company.
 
 (vi) As informed, the Company has not accepted any deposits from the
 public during the year within the meaning of section 58A and 58AA of
 The Companies Act, 1956 and the rules framed there under and no order
 in this respect in the case of the company has been passed by the
 Company Law Board or Company Law Tribunal or The Reserve Bank of India
 or any court or any other tribunal.
 
 (vii) The company has internal audit system commensurate with the size
 and nature of its business.
 
 (viii) According to the information and explanation given to us, the
 Central Government has not prescribed for the maintenance of cost
 records under Section 209(1) (d) of The Companies Act, 1956 for any of
 its product. Accordingly, provisions of the paragraphs 4(vii) of CARO
 are not applicable to the company.
 
 (ix) (a) According to the books and records as produced and examined by
 us in accordance with generally accepted auditing practices in India
 and also based on management representations, undisputed statutory
 dues, if applicable, in respect of Provident Fund, Investor Education
 and Protection Fund, Employees'' State Insurance dues, Income Tax, Sales
 Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and other
 material statutory dues with the appropriate authorities have generally
 been regularly deposited by the company subject to the following:.
 
 i) The company has deposited the liability of Service Tax in due time
 during the financial year. The company has not produced before us any
 statutory record pertaining to service tax such as Service Tax Returns.
 However, on the basis of examination of the books of the accounts of
 the company, there was no amount remaining outstanding as at the last
 day of the financial year, for a period of more than six month from the
 date they became payable.
 
 (b) According to the information and explanation given to us, no
 undisputed amounts payable in respect of Provident Fund, Employees''
 State Insurance dues, Investor Education and Protection Fund, Income
 Tax, Wealth Tax, Custom Duty, Excise Duty, Service Tax, VAT, Cess and
 other undisputed statutory dues were outstanding, at the year end, for
 a period of more than six months from the date they became payable.
 
 (c) According to the information and explanations given to us, the
 company has paid all undisputed dues of excise duty. However, the
 following are the particulars of disputed dues in respect of Income
 Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty and Cess:
 
 (x) The company does not have accumulated losses as at March 31, 2014,
 however, it has incurred cash loss of Rs. Nil out of the total loss of
 Rs.123,556.88 during the financial year ended on that date and it has
 incurred cash loss of Rs. 684,296.34, out of total loss of Rs.
 1,349,141.34 in the immediately preceding financial year.
 
 (xi) In our opinion and according to the information and explanations
 given to us, the company has not defaulted in repayment of its dues to
 any financial institution or bank. The company has not raised any sum
 by issue of debentures.
 
 (xii) In our opinion and according to the information and explanations
 given to us, the company has not granted any loans and advances on the
 basis of security by way of pledge of shares, debentures and other
 securities. Accordingly, provisions of the paragraphs 4(xii) of CARO
 are not applicable to the company.
 
 (xiii) In our opinion, considering the nature of activities carried on
 by the company during the year, the provisions of any special statute
 applicable to Chit Fund/ Nidhi/ Mutual Benefit Fund/ Society are not
 applicable to it. Accordingly, provisions of the paragraphs 4(xiii) of
 CARO are not applicable to the company.
 
 (xiv) According to the information and explanations given to us, the
 company has not dealing or trading in shares, securities, debentures
 and other investments. However the company has investment in the shares
 of two private limited companies amounting to Rs. 76,91,000/- and
 proper records have been maintained of the transactions and contracts
 and timely entries have been made therein; also the shares have been
 held by the company, in its own name.
 
 (xv) According to the information and explanations given to us, the
 company has not given guarantees for loans taken by others from banks
 or financial institutions. Accordingly, provisions of the paragraphs
 4(xv) of CARO are not applicable to the company.
 
 (xvi) In our opinion and according to the information and explanations
 given to us, term loans availed by the company were, prima facie,
 applied for the purpose for which they were obtained, other than
 temporary deployment pending application.
 
 (xvii) In our opinion and according to the information and explanations
 given to us, and on an overall examination of the balance sheet of the
 company, funds raised on short-term basis have, prima facie, not been
 used during the year for long-term investment and no funds raised on
 long-term basis have been used for short-term investment.
 
 (xviii) According to the information and explanations given to us, 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. Accordingly, provisions of the paragraphs
 4(xviii) of CARO are not applicable to the company.
 
 (xix) According to the information and explanations given to us, during
 the period covered by out audit report, the company had not issued any
 debentures and has not created any security in respect of debentures.
 Accordingly, provisions of the paragraphs 4(xix) of CARO are not
 applicable to the company.
 
 (xx) In our opinion and according to the information and explanations
 given to us, the company has not raised any money from the public issue
 during the year.
 
 (xxi) To the best of our knowledge and belief and according to the
 information and explanations given to us, no fraud on or by the company
 has been noticed or reported during the year.
 
           For Kumar Piyush & Co.
            Chartered Accountants
   Firm Registration No.: 005120N
 
                             Sd/-
 
             VIRENDRA KUMAR GOEL,
                          PARTNER
        Membership Number: 083705
 
 Place: New Delhi
 Date: May 30th, 2014
स्रोत: रेलीगरे टेचनोवा

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