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स्प्रिंगफॉर्म ट&

बीएसई: 501479  |  NSE: N.A  |  ISIN:  |  Miscellaneous

खोजें स्प्रिंगफॉर्म ट& कनेक्शन Mar 13
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '14
We have audited the attached Balance Sheet of SPRINGFORM TECHNOLOGY
 LIMITED (Formerly known as NEW SAGAR TRADING COMPANY LIMITED) (the
 Company) as at March 31, 2014, the Profit and Loss Account and the
 Cash Flow statement of the Company for the year ended on the date
 annexed thereto. These Financial statements are responsibility of the
 Company''s management. Our responsibility is to express an opinion on
 these financial statements based on out audit.
 
 We conducted out audit in accordance with auditing standards generally
 accepted in India. Those standards require that we plan and perform the
 audit to obtain reasonable assurance about whether the financial
 statements are free of material misstatement. An audit includes
 examining, on a test basis, evidence supporting the amounts and
 disclosures in the financial statements. An audit also includes
 assessing the accounting principles used and significant estimates made
 by management, as well as evaluating the overall financial statement
 presentation. We believe that our audit provides reasonable basis for
 our opinion.
 
 1.  As required by the Companies (Auditors'' Report) Order, 2003 issued
 by the Central government in terms of Section 227 (4A) of the Companies
 Act, 1956, we enclose in the Annexure hereto a statement on the matter
 specified in Paragraph 4 of the said Order.
 
 2.  Further to our comments in Annexure referred to in paragraph I
 above, 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 accounts as required by law have
 been kept by the Company, so far as appears from our examination of
 such books.
 
 c) The Balance Sheet and Profit and Loss Account dealt with by this
 Report are in agreement with the books of accounts:
 
 d) In our opinion and to the best of our information, the Balance Sheet
 and Profit and Loss Account dealt with by this report comply with
 Accounting Standards referred to in sub-section (3C) of Section 211 of
 the Companies Act, 1956 to the extent applicable.
 
 e) On the basis of the written representations received from the
 Directors as on March 31. 2014, and taken on record by the Board of
 Directors and further certified by the Company, we report that none of
 the Directors are prima facie disqualified as on March 31,2014 from
 being appointed as a Director in terms of Clause (g) of Sub-section (I)
 of Section 274 of the Companies Act, 1956.
 
 f) In our opinion and to the best of our information and according to
 the explanations given to us, the said accounts, read together with the
 Schedules and Notes thereon, give the information as required by the
 Companies Act. 1956 in the manner so required and give a true and fair
 view:-
 
 (i) In the case of the Balance Sheet, of the State of Affairs of the
 Company as at 31 March, 2014; and
 
 (ii) In the case of the Profit and Loss Account, of the Profit for the
 year ended on that date.
 
 (iii) In the case of Cash Flow statement, of the cash flows for the
 year ended on that date.
 
 ANNEXURE TO THE AUDITOR''S REPORT
 
 Statement referred to in paragraph 3 of our report of even date to the
 members of SPRINGFORM TECHNOLOGY LIMITED, on the accounts for the year
 ended 31 March. 2014.
 
 On the basis of such checks as we considered appropriate and in terms
 of information and explanations given to us, we state that:-
 
 1. (a) The Company has maintained proper records showing full
 particulars including Quantitative details and situation of Fixed
 Asset.
 
 b) All the assets have been physically verified by the Management
 during the year. The Discrepancies noticed on physical verification
 were not material and have been properly dealt with in the books of
 accounts.
 
 c) During the year the company has not disposed of any substantial part
 of fixed assets.
 
 2.  The Company has income by way of interest and Software Development
 and hence the question of physical verification of Inventories and
 maintaining proper records thereof does not arise. Further, the
 question of commenting, on reasonableness and adequacy of the
 procedures of physical verification of Inventories in relation to the
 size of the Company and the nature of its business, does not arise.
 
 3.  (a) The Company has not granted unsecured loan to any Company
 covered in the Register maintained U/s. 301 of the Companies Act, 1956.
 as stated below: In view of 3 (a) clause b, c, & d are not applicable
 
 (b) The Company has not taken any loans, secured or unsecured from
 Companies, firms or other parties covered in the register maintained
 u/s. 301 of the Companies Act, /956. Accordingly, the question of
 commenting, on the rate of interest and other terms and conditions of
 loans taken by the Company, secured or unsecured, are prima facie not
 prejudicial to the interest of the Company, does not arise. Also the
 question of commenting, on regular payment of principal amount and
 interest thereon, and, on taking reasonable steps for recovery /
 payment of principal amount and interest thereon, does not arise.
 
 4 In our opinion and according to the information and explanations
 given to us, there is an adequate internal control procedure
 commensurate with the size of the Company and the nature of its
 business. During the course of Audit, we have not observed any
 continuing failure to correct major weakness in internal controls.
 
 5.  Based on the audit procedures applied by us and according to the
 information and explanations provided by the management, we are of the
 opinion that there are no transactions that need to be entered into the
 register maintained tits. 301 of the Companies Act, 1956. Accordingly,
 the question of commenting, on reasonableness of prices of each
 transaction having regard to the prevailing market prices at the
 relevant time, does not arise.
 
 6.  The Company has not accepted any deposit from the Public and hence
 the question of applicability of the directives issued by the Reserve
 Bank of India and the provisions of Section 56 A and Section 58 AA of
 the Companies Act, 1956 and the rules framed there under, does not
 arise.
 
 7.  In our opinion, based on the information and explanation given to
 us, the Company has an internal audit system commensurate with its size
 and the nature of its business operations.
 
 8.  Based on the information and explanations given to us, the Central
 Government has not prescribed maintenance of cost of records under
 section 209 (1) (d) of the Companies Act, 1956 in respect of the
 Company. Hence, the question of maintaining such accounts and records
 and our commenting thereon, does not arise.
 
 9.  (a) According to the information and explanations given to us, the
 Provident Fund / Employee''s Some Insurance dues with the appropriate
 authorities is not applicable. The Company is regular in depositing
 Income Tax, sales Tax, Cess and other statutory dues applicable to it,
 with the appropriate authorities.
 
 (b) According to the information explanations given to us, no
 undisputed amount payable in respect of Income tax.
 
 Wealth Tax, Sales Tax. Customs Duty, Excise Duty and Cess were in
 arrears as at 31 March. 2014 for a period of more than six months from
 the date they become payable.
 
 (c) According to the information and explanations given to us, there
 are no dues outstanding of Sales Tax, Income Tax. Custom Duty, Wealth
 Tax. Excise Duty or Cess and other statutory dues applicable to it on
 account of any dispute.
 
 10.  The Company has no accumulated losses at the end of the financial
 year and it has not incurred any cash losses in the current and
 immediately preceding financial year.
 
 11. The company has not beamed any amount from any financial
 institutions or Banks. Hence, the question of our commenting on whether
 the Division has defaulted in repayment to Financial Institutions or
 Debenture Holders or Banks does not arise
 
 12. According to the information and explanations given to us and based
 on the documents produced to us, the company has not granted loans and
 advances on the basis of security by way of pledge of shares,
 debentures and other securities.
 
 13.  In our opinion, the Company is not a chit fund or nidhi / mutual
 benefit fund / society. Therefore, the provisions of clause 4 (xiii) of
 the Companies (Auditors'' Report) Order, 2003 are not applicable to the
 Company.
 
 14.  In our opinion, the Company is not dealing in or trading in
 shares, securities, debentures and other investment. Accordingly the
 provision of clause 4 (xiv) of the Companies (Auditors'' Report) order,
 2003 are not applicable to the Company.
 
 15. According to the information and explanations given to us, the
 Company has not given any guarantee for loan taken by others from Banks
 or Financial Institutions. As a result, the question of commenting on
 whether the terms and conditions are prejudicial to the interest of the
 Company does not arise.
 
 16.  The Company did not have any term loans outstanding during the
 year.
 
 17.  According to the information and explanations given to us, and on
 an overall examination of the Balance Sheet of the Company, sire report
 that no funds raised on short term basis have been used for long term
 investments. No long term funds have been used to finance short term
 assets.
 
 18.  The Company has not made any preferential allotment of shares to
 parties or companies covered in the register maintained under section
 301 of the Companies Act, 1956
 
 19.  According to the information and explanations give to us, the
 Company has not issued any debentures during the year.
 
 20.  The Company has not raised any money through a public issue during
 the year.
 
 21.  On the basis of our examination of the books of accounts and other
 relevant records and information made available to us, prima-facie we
 have not noticed any fraud on or by the Company, during the year.
 Further, the management has represented to us that no fraud on or by
 the Company has been reported during the year. However, we are unable
 to determine / verify as to whether any such reporting has been made,
 during the year.
 
                                              For VANDANA V.DODHIA & CO.
                                                   Chartered Accountants
 
                                                       VANDANA V. DODHIA
                                                                 Partner
                                                 (Membership No. 104000)
 
 Place: Mumbai
 
 DATE: 30.05.2014
स्रोत: रेलीगरे टेचनोवा

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