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moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Miscellaneous > लेखा परीक्षकों की रिपोर्ट से युनिवर्सल स्टार्च केम अलायड - बीएसई: 524408, NSE: N.A

युनिवर्सल स्टार्च केम अलायड

बीएसई: 524408  |  NSE: N.A  |  ISIN: INE113E01015  |  Miscellaneous

खोजें युनिवर्सल स्टार्च केम अलायड कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
 We have audited the accompanying financial statements of M/s.
 UNIVERSAL STARCH CHEM ALLIED LIMITED (the Company), which comprise
 the Balance Sheet as at 31st March, 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
 
 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 standalone financial statements that give a
 true and fair view of the financial position and financial performance
 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
 
 Our responsibility is to express an opinion on these standalone
 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 thereunder.
 
 We conducted our audit in accordance with the Standards on Auditing
 specified under Section143(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 misstatement.
 
 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. 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 aforesaid 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 case of its Balance Sheet of the state of affairs of the Company
 as at 31st March 2015.
 
 b) In case of Statement of Profit and Loss Account of the loss for the
 year ended on that date.
 
 c) In case of Cash flow statement of its cash flows for the year ended
 on that date.
 
 Report on Other Legal and Regulatory Requirements as required by
 Section143 (3) of the Act, we report that:
 
 a) We have sought 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) In our opinion, proper books of account as required by law have been
 kept by the Company so far as it appears from our examination of those
 books.
 
 c) The Balance Sheet and Statement of Profit and Loss dealt with by
 this Report are in agreement with the books of accounts of the company;
 
 d) 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
 
 e) As required by the Companies (Auditor''s Report) Order, 2015 (the
 Order) issued by the Central Government of India in terms of
 sub-section 11 of section 143 of the Companies Act, 2013, we give in
 the annexure a statement on the matters specified in paragraphs 3 and 4
 of the order;
 
 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 information and
 according to the explanations given to us:
 
 i.  The Company does not have any pending litigations which would
 impact its financial position.
 
 ii. The Company did not have any long-term contracts including
 derivative contracts for which there were any material foreseeable
 losses.
 
 iii. There were no amounts which were required to be transferred to the
 Investor Education and Protection Fund by the Company.
 
 Annexure to Independent Auditors'' Report
 
 (Referred to in Paragraph (f) under the heading of Report on Other
 Legal and regulatory requirements of our Report of even date)
 
 1.  In respect of its Fixed Assets
 
 (a) The Company has maintained proper records showing full particulars
 including quantitative details and situation of fixed assets on the
 basis of available information.
 
 (b) As explained to us, all the assets have been physically verified by
 the management in a phased periodical manner, 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.
 
 2.  In respect of its Inventory
 
 (a) The inventory has been physically verified by the management at
 reasonable intervals.
 
 (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) 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.
 
 3.  The Company has not granted loans, secured or unsecured to
 companies, firms or other parties covered in the register maintained
 under Section 189 of Companies Act, 2013.  Accordingly, clauses (a) and
 (b) are not applicable to the Company.
 
 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 purchases of inventory, fixed assets and with
 regard to the sale of goods and services. During the course of our
 audit, we have not observed of any continuing failure to correct major
 weaknesses in internal control system.
 
 5.  The company has obtained deposit from public / shareholders as
 defined according to the provisions of section 73 to 76 of the
 Companies Act, 2013 and the Rules framed there under.  These deposits
 were obtained prior to April 1, 2014 and no new deposits were obtained
 during the year. In respect of old deposits, the company has made an
 application to the Company Law Board for obtaining further time for
 repaying the deposit.
 
 6.  We have broadly reviewed the books of account maintained by the
 company pursuant to the rules made by the Central Government of India,
 the maintenance of cost records has been prescribed under sub-section
 (1) of section 148 of the Companies Act, 2013 and are of the opinion
 that prima facie, the prescribed accounts and records have been made
 and maintained. We have not, however made a detailed examination of the
 cost records with a view to determine whether they are accurate or
 complete.
 
 7.  In respect of Statutory dues
 
 (a) As per the information and explanations given to us and as per the
 records of the Company, the Company is generally regular in depositing
 with appropriate authorities undisputed statutory dues including
 provident fund, investor education protection fund, employees'' state
 insurance, income tax, sales tax, wealth tax, Service tax, custom duty,
 excise duty, value added tax, cess and other material statutory dues
 applicable to it, with appropriate authorities.
 
 (b) According to the information and explanations given to us and the
 records of the Company examined by us, the particulars of dues of not
 deposited on account of dispute in respect of income tax, wealth tax,
 Sales tax, excise, service tax, customs duty, excise duty, value added
 tax and cess are as follows:
 
 Name of          Nature of       Amount      Period to        Forum of
 Statute          Dues             (Rs.)      which it         Dispute
                                              relates
 
 Central          Excise        42,83,966/-    2006-2007         CESTAT.
 Excise Act       duty
 
 (c) According to the information and explanations given to us, there is
 no amount required to be transferred to investor education and
 protection fund in accordance with the relevant provisions of the
 Companies Act, 1956 (1 of 1956) and rules made thereunder.
 
 8.  The Company''s accumulated loss at the end of the financial year is
 not more than Fifty percent of the net worth of the Company. The
 Company has not incurred cash loss during the year, and during the
 immediately preceding financial year.
 
 9.  In our opinion and according to the information and explanations
 given to us, the Company has not defaulted in repayment of dues to
 financial institutions or banks.
 
 10.  According to the information and explanations offered to us and
 the records examined by us, as the company has not given any guarantee
 for loan taken by others from banks or financial institutions, whereof
 are prejudicial to the interest of the company, is not applicable.
 
 11.  The Company has not raised new term loans from banks during the
 year. The term loans outstanding at the beginning of the year have been
 applied for the purpose for which they were raised.
 
 12.  According to the information and explanations given to us, no
 fraud on or by the Company has been noticed or reported during the
 course of our audit.
 
                                                For M B Agrawal & Co.
                                                Chartered Accountants
                                                      FRN No. 100137W
 
                                                      Harshal Agrawal
 Place: Mumbai                                                Partner
 Date: 29th May, 2015                                     M.No.109438
 
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `605 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `239.87 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `432.39 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `19.55 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `157.43 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `282.37 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `26.96 Cr की खरीदारी
  • US FED HOLDS RATES STEADY : US FED ने नहीं किया ब्याज दरों में बदलाव
  • US FED HOLDS RATES STEADY : US FED ब्याज दर 1.5-1.75% की रेंज में बरकरार
  • CS ON L&T INFOTECH : Outperform रेटिंग, लक्ष्य `1900/Sh

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