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साबू ब्रदर्स

बीएसई: 530267  |  NSE: N.A  |  ISIN: INE021N01011  |  Miscellaneous

खोजें साबू ब्रदर्स कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
1.  We have audited the accompanying financial statements of Saboo
 Brothers Limited (the Company), which comprise the Balance Sheet as
 at March 31, 2015, the Statement of Profit and Loss, 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
 
 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 financial statements to 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 financial
 statements based on our audit.  standards and matters which are
 required to be included in the audit report.
 
 5.  We conducted our audit in accordance with the Standards on Auditing
 specified under Section 143(10) of the Act and other applicable
 authoritative pronouncements issued by the Institute of Chartered
 Accountants of India. Those Standards and pronouncements 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.
 
 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.
 
 opinion on the 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 March 31, 2015, and its profit/loss and
 its cash flows for the year ended on that date.
 
 9.  The financial statements of the Company as at March 31, 2014 and
 for the year then ended were audited by another firm of chartered
 accountants under the Companies Act, 1956 who, vide their report dated
 May 28, 2014, expressed an unmodified opinion on those financial
 statements.
 
 Our opinion is not qualified in respect of the above matter.
 
 10.  As required by ''the Companies (Auditor''s Report) Order, 2015'',
 issued by the Central Government of India in terms of sub-section (11)
 of section 143 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 3 and 4 of the Order.
 
 11.  As required by Section 143 (3) of the Act, we report that:
 
 (a) We have thought 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) examination of those books.  agreement with the books of account.  the
 Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
 
 (e) On the basis of the written representations received from the
 directors as on March 31, 2015 taken on record by the Board of
 Directors, none of the directors is disqualified as on March 31, 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 knowledge and belief
 and according to the information and explanations given to us:
 
 Company during the year ended March 31, 2015.  the financial statements
 as of and for the year ended March 31, 2015 situation, o fixed The
 Company is maintaining proper records showing full particulars,
 including quantitative details and
 
 As explained to us, the fixed assets of the Company have been
 physically verified by the Management during the year and as informed
 to us no material discrepancies have been noticed on such verification.
 In our opinion, the frequency of verification is reasonable.
 
 ii.  (a ) As explained to u, the inventory has been physically verified
 by the Management during the year. In our opinion, the frequency of
 verification is reasonable.
 
 In our opinion in or mention and explanation 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.
 
 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.  The Company has not granted any loans, secured or unsecured, to
 companies, firms or other parties covered in the register maintained
 under Section 189 of the Act. Therefore, the provisions of Clause
 3(iii), (iii)(a) and (iii)(b) 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.
 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 been informed of, any
 continuing failure to correct major weaknesses in the aforesaid
 internal control system.
 
 v.  The Company has not accepted any deposits from the public within
 the meaning of Sections 73, 74, 75 and 76 of the Act and the rules
 framed there under to the extent notified.
 
 vi.  The Central Government of India has not specified the maintenance
 of cost records under sub-section (1) of Section 148 of the Act for any
 of the products of the Company.
 
 vii. (a) According to the information and explanations given to us and
 the records of the Company examined by us, in our opinion, the Company
 is generally regular in depositing the undisputed statutory dues,
 including provident fund, employees'' state insurance, income tax, sales
 tax, service tax, duty of excise, value added tax, cess and other
 material statutory dues, as applicable, with the appropriate
 authorities.
 
 (b) According to the information and explanations given to us and the
 records of the Company examined by us, there are no dues of sales-tax,
 wealth-tax, service-tax, duty of excise, value added tax, cess which
 have not been deposited on account of any dispute. The particulars of
 dues of income tax as at March 31, 2015 which have not been deposited
 on account of a dispute, are as follows
 
 Name of      Nature of dues   Amount     Period to 
                                          which the    Forum
 the statute                   (Rs.)      amount 
                                          relates      the dispute is
 
 Income Tax   Penalty U/s      Rs. 23.99  2009-10      CIT (Appeal)-
 Act, 1961    271(1)(c)
 
 (c) There are no amounts required to be transferred by the Company to
 the Investor Education and Protection Fund in I accordance with the
 provisions of the Companies Act, 1956 and the rules made there under.
 
 viii. The accumulated losses of the Company did not exceed fifty
 percent of its net worth as at March 3, 2015 however it has incurred
 cash losses in the financial year ended on that date and 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 does not have any
 borrowings from any financial institution or bank nor has it issued any
 debentures as at the balance sheet date, hence the provisions of Clause
 3(ix) of the Order are not applicable to the Company.
 
 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 institutions during the year.
 Accordingly, the provisions of Clause 3(x) of the Order are not
 applicable to the Company
 
 xi.  In our opinion, and according to the information and explanations
 given to us, the Company has not raised any term loans during the year.
 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
 material fraud on or by the Company, noticed or reported during the
 year, nor have we been informed of any such case by the Management.
 
                                              For C. L Ostwal & Co.  
 
                                                       FRN: 02850C 
 
                                             Chartered Accountants 
 
                                                              Sd/- 
 
                                                     Ashish Ostwal
 
 Udaipur                                                   Partner
 
 May 30, 2015                             Membership Number:405273
स्रोत: रेलीगरे टेचनोवा

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