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moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Engineering > लेखा परीक्षकों की रिपोर्ट से सर्वोटेक एंटरप्राइजेज - बीएसई: 531944, NSE: N.A

सर्वोटेक एंटरप्राइजेज

बीएसई: 531944  |  NSE: N.A  |  ISIN: INE185D01015  |  Engineering

खोजें सर्वोटेक एंटरप्राइजेज कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
 We have audited the accompanying financial statements of Servo tech
 Engineering Industries Limited (the Company), which comprise the
 Balance Sheet as at March 31, 2015 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
 
 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 that 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 the assets of the Company and for preventing and detecting
 frauds and other irregularities; selection and application of
 appropriate accounting policies: making judgements 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.
 
 Auditors'' Responsibility
 
 Our responsibility is to express an opinion on these financial
 statements based on our audit. We have taken into account the
 provisions of the Act, the accounting and auditing standards and
 matters which are required to be included in the audit report under the
 provisions of the Act and the Rules made there under.
 
 We conducted our audit in accordance with the Standards on Auditing
 specified under Section 143(10) of the Act. 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 misstatements.
 
 audit involves performing procedures to obtain audit evidence about the
 amounts and disclosures in the financial statements. The procedures
 selected depend on the judgement, 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 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.
 
 We believe that the audit evidence we have obtained is sufficient and
 appropriate to provide a basis for our audit opinion on the financial
 statements.
 
 Opinion
 
 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 31, 2015;
 
 (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, 2015 (the
 Order), issued by the Central Government of India in terms of
 sub-section (1) of section 143 of the Act, we give in the Annexure a
 statement on the matters specified in the paragraph 3 and 4 of the
 Order, to the extent applicable.
 
 2.  As required by section 143(3) of the Act, we report that:
 
 a.  We have sought and obtained all information and explanation which
 to the best of our knowledge and belief were necessary for the purpose
 s of our audit;
 
 b.  In our opinion, proper books of accounts as required by the law
 have been kept by the Company so far as it appears from our examination
 of those books;
 
 c.  The Company had no Branch offices during the year under audit.
 
 d.  The Balance Sheet, the Profit and Loss Statement, and the Cash Flow
 Statement dealt with by this Report are in agreement with the books of
 account;
 
 e.  In our opinion, the aforesaid financial statements comply with the
 Accounting Standards specified under Section 133 of the Act, read with
 Rule 7 of the Companies (Accounts) Rules, 2014;
 
 f.  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;
 
 g.  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 information and
 according to the explanation given to us :
 
 I.  The Company does not have any pending litigations which would
 impact its financial position.
 
 II.  The Company has no long-term contracts including derivative
 contracts; as such the question of commenting on any material
 foreseeable losses thereon does not arise.
 
 III.  There has not been an occasion in case of the group during the
 year under report to transfer any sums to the Investor Education and
 Protection Fund. The question of delay in transferring such sums does
 not arise.
 
 ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING REPORT ON OTHER
 LEGAL AND REGULATORY REQUIREMENTS OF OUR REPORT OF EVEN DATE TO THE
 MEMBERS OF THE SERVO TECH ENGINEERING INDUSTRIES LIMITED, WE REPORT
 THAT:
 
 Clause   Sub   Particulars
 
 (i) (a) The Company has maintained proper records showing full
 particulars including quantitative details and situation of fixed
 assets.
 
 (b) As per information provided to us, fixed assets have been
 physically verified by management at reasonable intervals and there
 were no material discrepancies noted during such verification.
 
 (ii) The Company does not have any inventory.
 
 (iii) The Company has not granted any loan to parties covered in the
 register maintained under section 189 of the Companies Act, 2013 (''the
 Act''). Thus, paragraph 3(iii) of the Order is not applicable.
 
 (iv) In our opinion and according to explanation given to us, there are
 adequate internal control procedures commensurate with the size of the
 company and the nature of its business with regards to purchase of
 fixed assets and sale of service. We have not observed any major
 weakness in the internal control system during the course of the audit.
 
 (v) The Company has not accepted deposit from the public.
 
 (vi) The Central Government has not prescribed the maintenance of cost
 records under section 148(1) of the Act, for any of the services
 rendered by the Company.
 
 (vii) (a) According to the information and explanations given to us and
 on the basis of our examination of the records of the Company, amounts
 deducted/ accrued in the books of account in respect of undisputed
 statutory dues including provident fund, income tax, sales tax, wealth
 tax, service tax, duty of customs, value added tax, cess and other
 material statutory dues have been regularly deposited during the year
 by the Company with the appropriate authorities.
 
 According to the information and explanations given to us, no
 undisputed amounts payable in respect of provident fund, income tax,
 sales tax, wealth tax, service tax, duty of customs, value added tax,
 cess and other material statutory dues were in arrears as at 31 March
 2015 for a period of more than six months from the date they became
 payable.
 
 (b) According to the information and explanations given to us and the
 records of the Company examined by us, there are no dues of income-tax,
 sales-tax, wealth-tax, service-tax, customs duty, and excise duty on
 account of any dispute except a sum of Rs. 2,12,960/- on account of
 Provident Fund.
 
 (c) There has not been an occasion in case of the company during the
 year under report to transfer any sums to the Investor Education and
 Protection Fund. The question of reporting any delay in transferring
 such sums does not arise.
 
 (viii) The accumulated losses of the company have exceeded fifty
 percent of its net worth. The Company has accumulated losses of Rs
 36,870,538/- at the end ot the financial year and has incurred cash
 losses in the financial year covered by our audit.
 
 (ix) The Company did not have any outstanding dues to financial
 institutions, banks or debenture holders during the year.
 
 (x) In our opinion and according to the information and the
 explanations given to us, the Company has not given any guarantee for
 loans taken by others from banks or financial institutions.
 
 (xi) The Company has not taken any term loan during the year.
 
 (xii) Based on the audit procedures performed and information and
 explanation given by the management, we report that no fraud or by the
 company has been noticed or reported during the year.
 
 For Amar Bafna & Associates
 Chartered Accountants
 Firm Registration No: 114854W
 
 Amar Bafna
 Partner
 Membership No. 048639
 
 Place: Mumbai
 Date: May 25,2015
 
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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