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एसएमएस टेकसॉफ्ट (इंडिया)

बीएसई: 531838  |  NSE: N.A  |  ISIN: INE648B01024  |  Plastics

खोजें एसएमएस टेकसॉफ्ट (इंडिया) कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
We have audited the accompanying financial statements of M/s. SMS
 Techsoft (India) Limited 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. 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
 
 Our responsibility is to express an opinion on these financial
 statements based on our audit. We have 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 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 tte Act in the manner so refiUired and give 2 true and fair
 view m 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 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
 
 1. As required by the Companies (Auditor''s Report) Order, 2003 as
 amended by the companies (Auditor''s Report) (Amendment) order, 2004
 (together 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
 
 C. the Balan^jSSpirK^tatement 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 read together 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.
 
 Annexure to the Auditor''s Report
 
 (Referred to in paragraph (1) of our report of even date)
 
 1. (a) Fixed Assets register is under compilation.
 
 (b) We are informed by the management that they have verified the fixed
 assets during the year. However, in absence of proper fixed assets
 register, material discrepancies if any, could not be noticed between
 physical verification and book records. Hence, the fixed assets as
 appearing in
 
 books of account are carried in financial statements,
 
 (c) The Company has not disposed off any major part of the fixed assets
 during the year and as such the going concern concept is not affected.
 
 2. (a) As explained to us, the inventory have been physically verified
 during the
 
 year by the management. In our opinion, the frequency of verification
 is reasonable.
 
 (b) In our opinion and according to the information and explanations
 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 and the nature of its business.
 
 (c) in our opinion and according to the information and explanations
 given to us, the company has maintained proper records of inventory
 and the discrepancies noticed on such physical verification between
 physical stocks and book records were not material and have been
 adequately dealt with in the books of account respect of loans, secured
 or unsecured, granted or taken by the company to or ygp fro
 mCompanies, firms or other parties covered in the register maintained
 under c/ of the Companies Act, 1956:
 
 (a) The company has not granted loans to any party hence paragraphs
 4(iii) (a), (b),
 
 (c), and (d) of Company (Auditors'' Report) Order, 2003 are not
 applicable to the company.
 
 (b) The company has taken unsecured loan which are repayable on demand
 and therefore the question of overdue does not arise.
 
 (c) In our opinion, the rate of interest and other terms and conditions
 of such loans taken by the company, are prima facie not prejudicial to
 the interest of the company. The principal amount is repayable / repaid
 by the company as agreed in contract
 
 4. in our opinion and according to the information and explanations
 given to US, there are adequate internal control procedures
 commensurate with the size of the company and the nature of its
 business with regard to purchase of inventory, fixed assets and for the
 sale of goods. During the course of our audit, we have not observed any
 continuing failure to correct major weaknesses in internal controls.
 
 5. In respect of contracts or arrangements referred to in Section 301
 of the Companies Act, 1956:
 
 (a) On the basis of audit procedure performed by us, and according to
 the information and explanation given to us, we are of the opinion 
 that there were no transaction in which directors were interested as
 contemplated under Section 297 and sub section (6) of Section 299 of
 the companies act 1956 and so question of making entries in the
 register maintained under section301 of the said act, does not arise.
 
 (h) There were no transactions made in pursuance of contracts or
 arrangements entered in the register maintained under section 301 of
 the Companies Act, 1956 and aggregating during the year to Rupees five
 lakhs or more in respect of each party, so the question of making
 entries in the register maintained u/s 301 does not arise.
 
 
 6. The company has not accepted any deposits under section 58A of the
 companies act, 1956 read along with the companies (Acceptance of
 deposits) Rules, 1973 and the directive issued by the Reserve Bank of
 India.
 
 7. The company had an internal audit system during the year.
 
 8. The Central Government has not prescribed maintenance of cost
 records under section 209 (1) (d) of the Companies Act, 1956 for any of
 the products of the company.
 
 9. According to the information and explanations given to us no
 disputed amounts payable in respect of Income Tax, Sales tax, Custom
 duty and Excise duty were outstanding as at 31st March, 2014.
 
 10. The Company has accumulated losses but incurred profit both at the
 end Of the financial year and in the immediately proceding year
 
 11. In our opinion and according to the information and explanations
 given to us, the company has not defaulted in repayment of dues to
 banks. The company has not obtained any borrowings from financial
 institutions or by way of debentures.
 
 12. The Company has not granted loans & advances on the basis of
 security by way of pledge of shares and debentures and other
 securities.
 
 13. The Company is not a chit fund / Nidhi / Mutual benefit fund /
 society to which the^ provisions of special statute relating to chit
 fund are applicable and hence paragraph 4(xiii) of the Order is not
 applicable.
 
 14. The Company is not dealing in or trading in shares, securities,
 debentures, and other investments and hence paragraph 4(xiv) of the
 order is not applicable.
 
 15. The Company has not given guarantee for loans taken by others from
 bank or financial institutions.
 
 
 16. The company has not obtained any term loan during the year.
 
 17. According to the information and explanation given to us and on
 overall examination of the financial statements of the company and
 after placing reliance on the reasonable assumption made by the company
 for classification of long term and short term usage''s of funds, we are
 of the opinion that, prima-facie, long term funds have not been
 utilized for short term.
 
 18. During the year, the company has not made preferential allotment of
 shares to parties and companies covered in register maintained under
 section 301 of the companies Act 1956.
 
 10. During the year, the company has not issued any debentures and
 hence paragraph A (xix) of the order is not applicable,
 
 20. During the year, the company has not raised any money by way of
 public issue and hence paragraph 4(xx) of the Order is not applicable.
 
 21. To the best of our knowledge and belief and according to the
 information and explanation given to us, no fraud on or by the company
 was noticed or reported during the year.
 
 
 PLACE: Ahmedabad                      For, M/s. K R Shah & Associates
 DATE: 29/05/2014                                Chartered Accountants
 
                                                           Mr.K R Shah
                                                          (Proprietor)
                                                  Membership No.034632
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `995 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `853 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `729 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1002 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `922 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `1176 Cr की बिकवाली
  • ENTERS IN F&O BAN : SAIL के F&O में नई पोजीशन पर रोक
  • STILL IN F&O BAN : EQUITAS, BHEL, GLENMARK, I-BULLS HSG
  • JEFFERIES ON ICICI BANK : Buy रेटिंग, लक्ष्य `460/Sh
  • CLSA ON ICICI BANK : Buy रेटिंग, लक्ष्य `480/Sh

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