Mar 31, 2015
We have audited the accompanying financial statements of Baba Arts
Limited ('the Company'), which comprise the Balance Sheet as at March
31,2015, the Profit and Loss Statement 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 Management is responsible for the matters stated in
Section 134(5) of the Companies Act,2013 ("the Act") with respect to
the preparation and presentation 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 Accounting
Standards notified 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.
Auditor's 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 the
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 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 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 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 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, of the state of affairs of the Company as
at 31 March 2015, and its loss and its 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, 2015
("Order") issued by 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 of the matters specified in paragraphs 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 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 it appears from our examination of those
books;
c. The Balance Sheet, Statement 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 aforesaid financial statement comply with the
Accounting standards specified under Section 133 of 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 and 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
Companies Act 2013; and
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 has disclosed the impact of pending litigations on its
financial position in its financial statements - Refer Note 21.
ii. The Company does not foresee any material loss on long term
contracts including derivative contracts.
iii. There has been no delay in transferring amount required to be
transferred to the Investor Education and Protection Fund by the
Company.
ANNEXURE TO THE AUDITOR'S REPORT
(Referred to in paragraph 1 under the heading "Report on Other Legal
and Regulatory Requirements" of our report of even date)
i. (a) The Company has maintained proper records to show full
particulars including quantitative details and situation of
its fixed assets.
(b) The fixed assets of the Company have been physically verified by
the Management during the year and no material discrepancies between
the book records and the physical inventory have been noticed.
ii. Since, the Company is having only intellectual property rights as
its inventory therefore the para 3(ii) of the Order relating to
physical verification of inventories is not applicable.
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 Companies Act.Hence, the requirements of sub
clause (a)&(b) to clause (iii) of paragraph 3 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 are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business for purchase of fixed assets and sale of services. 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 procedures.
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 with regard to
purchase of inventories and fixed assets and with regard to sale of
services. The activities of the Company do not involve sale of goods.
We have not observed any major weakness in the internal control system
during the course of the audit.
v The Company has not accepted any deposits from the public under the
provisions of Sections 73 to 76 or any relevant provisions of the
Companies Act and the rules framed there under.
vi. The Central Government has not prescribed the maintenance of cost
records under sub-section (1) of section 148 of the Companies Act for
any of the products of the Company.
vii. (a) According to the information and explanation 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. As explained to us, the
Company did not have any dues on account of employees' state insurance,
customs duty, wealth tax and duty of excise.
According to the information and explanations given to us, and the
records of the Company examined by us, there are no dues in respect of
income-tax, sales tax, wealth tax, service tax, customs duty, excise
duty, value added tax and cess as at March 31, 2015 which have not been
deposited on account of any dispute.
(b) According to the information and explanations given to us, there
are no material dues of wealth tax, service tax, duty of customs and
cess which have not been deposited with the appropriate authorities on
account of any dispute. However, according to information and
explanations given to us, the following dues of income tax, sales tax
and value added tax have not been deposited by the Company on account
of disputes:
Sales Tax
Sr. No. Financial Year/Period Nature of Demand Amount Rs.
1 2010-2011 VAT 16,781,560
2 2010-2011 CST 61,256
Sr. No. Pending Before
1 Joint Commissioner sales tax
2
Income Tax
Sr. No. Financial Year/Period Nature of Demand Amount Rs.
1 2008-09 Tax and Interest 1,754,329
2 2010-11 Penalty 542,840
Sr. No. Pending Before
1 ACIT
2 Dy. Commissioner I.T.
(c) According to the information and explanations given to us and on
the basis of our examination of the records of the Company, the 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 has been transferred to such fund
within time.
viii. The Company does not have any accumulated losses at the end of
financial year.The Company has incurred cash loss of Rs.242.34 Lac
during 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 explanation
given to us, the Company has not given any guarantee for loans taken by
others from bank or financial institutions during the year.
xi. The Company did not have any term loans outstanding during the
year.
xii. According to the information and explanations given to us, no
material fraud on or by the Company has been noticed or reported during
the course of our audit.
For Prakkash Muni & Associates
Chartered Accountants
Firm Registration No.:111792W
Prakkash Muni
Partner
Membership No. 030544
Place: Mumbai
Date: 13th May, 2015
Mar 31, 2014
We have audited the accompanying financial statements of BABA ARTS
LIMITED ("the Company"), which comprise the Balance Sheet as at 31 st
March, 2014, the Statement of Profit and Loss and 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 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 ("the Act"). 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.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We 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 the
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 the 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 the 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 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 31 st March, 2014;
(b) in the case of the Statement of Profit and Loss, of the loss of the
Company for the year ended on that date, and
(c) in the case of the Cash Flow Statement, of the cash flows of the
Company 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("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 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, Statement of Profit and Loss, and the 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 the Cash Flow Statement comply with the Accounting Standards
referred to in sub-section (3C) of section 211 of the Act.
(e) On the basis of the written representations received from the
directors as on 31st March, 2014 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2014
from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Act.
ANNEXURE TO THE AUDITOR''S REPORT
(Referred to in paragraph 3 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 its fixed assets. With
consideration to significant additions from time to time such records
are being updated periodically.
b) All the assets have not been physically verified by the management
during the year but there is regular program of reconciliation which in
our opinion is reasonable having regard to the size of the company and
nature of its assets. According to the information and explanation
given to us no material discrepancy were noticed on such verification.
c) During the year the Company has not disposed of any part of the
plant and machinery, disposal of fixed assets does not constitute a
substantial part of the company''s fixed assets.
2. Since, the company is having only Intellectual property rights as
its inventory therefore the Para 2 of the order relating to physical
verification of inventories is not applicable.
3. According to information and explanations given to us, in respect of
the loans, secured or unsecured, granted or taken by the Company
to/from companies, firms or other parties covered in the Register
maintained under Section 301 of the Companies Act, 1956:
(a) The Company has not granted any loans, secured or unsecured to
parties covered under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (a) to (d) are not
applicable to the company and hence not commented upon.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties during the year covered in the
Register maintained under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (e) to (g) are not
applicable to the company and hence not commented upon.
4. In our opinion and according to the information and explanations
given to us, Company''s internal control systems are commensurate with
the size of the Company and the nature of its business with regard to
purchases of inventories and fixed assets and with regard to the sale
of goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
5. In respect of the contracts or arrangements referred to in Section
301 of the Companies Act, 1956:
a) According to the information and explanations provided by the
management to us, there were no contracts or arrangements referred to
in section 301 of the Act during the year. Accordingly sub clause (b)
is not applicable
6. The Company has not accepted any deposits from the public to which
the provisions of Section 58A, 58AA or any other relevant provision of
The Companies Act, 1956 and the Companies (Acceptance of Deposit)
Rules, 1975 apply. Therefore, the provisions of clause (vi) of the
paragraph 4 of the order are not applicable to the Company.
7. In our opinion and according to information and explanation given to
us, the Company has an internal audit system commensurate with the size
and nature of its business.
8. To the best of our knowledge and according to the information and
explanations given to us, the Central Government has not prescribed the
maintenance of cost records under Section 209 (1) (d) of the Companies
Act, 1956, for any of the products of the Company.
9. In respect of statutory dues:
a) According to the records of the Company, undisputed statutory dues
including Provident Fund, Employees'' State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and any
other statutory dues have been generally regularly deposited with the
appropriate authorities. According to the information and explanations
given to us, no undisputed amounts payable in respect of the aforesaid
dues were outstanding as at March 31, 2014 for a period of more than
six months from the date of becoming payable.
b) The disputed statutory dues aggregating Rs. 47,262,187/- that have
not been deposited on account of dispute matter pending before
appropreate authority are as under :
Service tax
Sr. Financial Year/ Nature of Demand Amount Rs. Pending Before
No. Period
1 October 2008 to Penalty for Non 25,000/- Dy. Commissioner of
March, 2011 Filing of Service Service Tax,Div IV,
Tax Return Mumbai II
2 October 2008 to Excess Cenvat 497,409/- Assistant Commissi-
Sept., 2009, Credit taken and plus oner of Service Tax
and October, utilised. interest (Audit), Mumbai II.
2010 to and penalty
March, 2012 (amount un-
ascertaina-
ble)
Income Tax
Sr. Financial Year/ Nature of Demand Amount Rs. Pending Before
No. Period
1 2011-12 Short deduction 18,625,199/- Commissioner of
(A.Y 2012-13) of Tax at Source IncomeTax (Appe-
(TDS) U/s 194J als), Mumbai
of the Income Tax
Act, 1961.
Maharashtra Value Added Tax
Sr. Financial Year/ Nature of Demand Amount Rs. Pending Before
No. Period
1 F.Y. 2009-10 Short Payment of 28,114,579/- Joint Commissione
VAT on sale of of Sales Tax
Theatrical (Appeals)-I
Copyrights of
Film.
10. The Company does not have accumulated losses at the end of the
financial year. The Company has incurred cash loss of Rs.2,330,054/-
during the financial year covered by our audit.
11. Based on our audit procedures and according to the information and
explanation given to us, in respect of loan taken from Finanacial
Institutions or Banks there was no default in the repayment of its dues
to a Financial Institutions and Bank.
12. According to the information and explanations given to us, No loans
and advances have been granted by the Company on the basis of security
by way of shares, debentures and other securities.
13. In our opinion and according to the information and explanations
given to us, the Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Accordingly, the provisions of clause 4 (xiii) of the
Order are not applicable to the Company.
14. According to the information and explanations given to us, the
Company is not dealing in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4 (xiv) of the Order
are not applicable to the Company.
15. Based on verification of relevant records and documents and
according to the information and explanation given to us, in respect of
Term Loan taken during the year, funds raised from such term loan were
utilized for the purpose for which the loan was taken.
16. The Company has not given any guarantees for loans taken by others
from bank and financial institution.
17. According to the information and explanations given to us and on an
overall examination of the Balance Sheet of the Company, we are of the
opinion that there are no funds raised on short-term basis that have
been used for long-term investment purpose.
18. According to the information and explanations given to us, the
Company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under Section 301 of
the Companies Act, 1956.
19. The Company has not issued any Debenture and as such Clause 13.2 is
not applicable.
20. During the period covered by our audit report, the Company has not
raised any money by public issues.
21. To the best of our knowledge and belief and according to the
information and explanations given to us, no material fraud on or by
the Company has been noticed or reported during the year.
For PRAKKASH MUNI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 111792W
PRAKKASH R. MUNI.
Partner
Membership No.: 30544
Place: Mumbai
Date : 14th May 2014
Mar 31, 2013
Report on the Financial Statements
We have audited the accompanying financial statements of BABA ARTS
LIMITED ("the Company"), which comprise the Balance Sheet as at 31 st
March, 2013, the Statement of Profit and Loss and 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 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 ("the Act"). 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.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We 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 the
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 the 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 the 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 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 31st March, 2013;
(b) in the case of the Statement of Profit and Loss, of the profit of
the Company for the year ended on that date, and
(c) in the case of the Cash Flow Statement, of the cash flows of the
Company 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("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 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, Statement of Profit and Loss, and the 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 the Cash Flow Statement comply with the Accounting Standards
referred to in sub-section (3C) of section 211 of the Act.
(e) On the basis of the written representations received from the
directors as on 31st March, 2013 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2013
from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Act.
ANNEXURE TO THE AUDITOR''S REPORT
(Referred to in paragraph 3 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 its fixed assets. With
consideration to significant additions from time to time such records
are being updated periodically.
b) All the assets have not been physically verified by the management
during the year but there is regular program of reconciliation which in
our opinion is reasonable having regard to the size of the Company and
nature of its assets. According to the information and explanation
given to us no material discrepancy were noticed on such verification.
c) During the year the Company has not disposed of any part of the
plant and machinery, disposal of fixed assets does not constitute a
substantial part of the Company''s fixed assets.
2. Since, the Company is having only Intellectual property rights as
its inventory therefore the Para 2 of the order relating to physical
verification of inventories is not applicable.
3. According to information and explanations given to us, In respect
of the loans, secured or unsecured, granted or taken by the Company
to/from Companies, firms or other parties covered in the Register
maintained under Section 301 of the Companies Act, 1956:
(a) The Company has not granted any loans, secured or unsecured to
parties covered under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (a) to (d) are not
applicable to the Company and hence not commented upon.
(e) The Company has not taken any loans, secured or unsecured, from
Companies, firms or other parties during the year covered in the
Register maintained under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (e) to (g) are not
applicable to the Company and hence not commented upon.
4. In our opinion and according to the information and explanations
given to us, Company''s internal control systems are commensurate with
the size of the Company and the nature of its business with regard to
purchases of inventories and fixed assets and with regard to the sale
of goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
5. In respect of the contracts or arrangements referred to in Section
301 of the Companies Act, 1956:
a) According to the information and explanations provided by the
management to us, there were no contracts or arrangements referred to
in section 301 of the Act during the year. Accordingly sub clause (b)
is not applicable
6. The Company has not accepted any deposits from the public to which
the provisions 58A, 58AAor any other relevant provision of The
Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules,
1975 apply. Therefore, the provisions of clause (vi) of the paragraph 4
of the order are not applicable to the Company.
7. In our opinion and according to information and explanation given
to us, the Company has an internal audit system commensurate with the
size and nature of its business.
8. To the best of our knowledge and according to the information and
explanations given to us, the Central Government has not prescribed the
maintenance of cost records under Section 209 (1) (d) of the Companies
Act, 1956, for any of the products of the Company.
9. In respect of statutory dues:
a) According to the records of the Company, undisputed statutory dues
including Provident Fund, Employees'' State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and any
other statutory dues have been generally regularly deposited with the
appropriate authorities. According to the information and explanations
given to us, no undisputed amounts payable in respect of the aforesaid
dues were outstanding as at March 31, 2013 for a period of more than
six months from the date of becoming payable.
b) The disputed statutory dues aggregating Rs. 1,67,158 that have not
been deposited on account of dispute matter pending before appropreate
authority are as under:
Service tax
Sr.
No. Financial Year Nature of Demand Amount Rs. Pending Before
1 2007-08 Short Payment of
Service Tax Rs.67,158/- Dy. Commissioner
of Service Tax,
Div IV, Mumbai
II
2 October 2008 to Penalty for Non
Filing of Rs. 1,00,000/- As above
March, 2011 Service Tax
Return
10. The Company does not have accumulated losses at the end of the
financial year. The Company has not incurred any cash losses during the
financial year covered by our audit and the preceding financial year.
11. Based on our audit procedures and according to the information and
explanation given to us, the Company has not taken loans from
Finanacial Institutions or Banks hence default in the repayment of its
dues to a Financial Institutions and Bank is not applicable to the
Company.
12. According to the information and explanations given to us, No
loans and advances have been granted by the Company on the basis of
security by way of shares, debentures and other securities.
13. In our opinion and according to the information and explanations
given to us, the Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Accordingly, the provisions of clause 4 (xiii) of the
Order are not applicable to the Company.
14. According to the information and explanations given to us, the
Company is not dealing in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4 (xiv) of the Order
are not applicable to the Company.
15. The Company has not raised any term loan during the year and there
is no outstanding term loan during the year.
16. The Company has not given any guarantees for loans taken by other
from bank and financial institution.
17. According to the information and explanations given to us and on
an overall examination of the Balance Sheet of the Company, we are of
the opinion that there are no funds raised on short-term basis that
have been used for long-term investment purpose.
18. According to the information and explanations given to us, the
Company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under Section 301 of
the Companies Act, 1956.
19. The Company has not created security / charges in respect of
secured debenture issued.
20. During the period covered by our audit report, the Company has not
raised any money by public issues.
21. To the best of our knowledge and belief and according to the
information and explanations given to us, no material fraud on or by
the Company has been noticed or reported during the year.
For PRAKKASH MUNI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 111792W
PRAKKASH R. MUNI.
Partner
Membership No.: 30544
Place: Mumbai
Date: 20th May 2013
Mar 31, 2012
1. We have audited the attached Balance Sheet of BABA ARTS LIMITED as
at 31st March, 2012 and the Profit and Loss Account and the Cash Flow
Statement for the year ended on that date annexed thereto. These
financial statements are the responsibility of the Company's
Management. Our responsibility is to express an opinion on these
financial statements based on our audit.
2. We have conducted our 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 the Management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
3. As required by the Companies (Auditor's Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of Section 227 of the Companies Act, 1956, We enclose
in the Annexure a statement on the matters specified in paragraphs 4
and 5 of the said Order.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we report that:
i) We have obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purposes of our
audit;
ii) 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;
iii) The Balance Sheet and the Profit and Loss Account and Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
iv) In our opinion, the Balance Sheet and the Profit and Loss Account
and Cash Flow statement dealt with by this report comply with the
applicable accounting standards referred to in sub-section (3C) of
Section 211 of the Companies Act, 1956;
v) On the basis of written representations received from the directors,
as on 31st March, 2012, and taken on record by the Board of Directors,
We report that none of the directors is disqualified as on 31st March,
2012 from being appointed as a director in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act,1956;
vi) 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
significant accounting policies and notes thereon give the information
required by the Companies Act, 1956, 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 31st March, 2012;
b) In the case of the Profit and Loss Account, 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.
ANNEXURE TO THE AUDITOR'S REPORT
(Referred to in paragraph 3 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 its fixed assets. With
consideration to significant additions from time to time such records
are being updated periodically.
(b) All the assets have not been physically verified by the management
during the year but there is regular program of reconciliation which in
our opinion is reasonable having regard to the size of the company and
nature of its assets. According to the information and explanation
given to us no material discrepancy were noticed on such verification.
(c) During the year the Company has not disposed of any part of the
plant and machinery, disposal of fixed assets does not constitute a
substantial part of the company's fixed assets.
2. Since, the company is having only Intellectual property rights as
its inventory therefore the Para 2 of the order relating to physical
verification of inventories is not applicable.
3. According to information and explanations given to us, In respect
of the loans, secured or unsecured, granted or taken by the Company
to/from companies, firms or other parties covered in the Register
maintained under Section 301 of the Companies Act, 1956:
(a) The Company has not granted any loans, secured or unsecured to
parties covered under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (a) to (d) are not
applicable to the company and hence not commented upon.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties during the year covered in the
Register maintained under Section 301 of the Companies Act, 1956.
Accordingly, the provisions of clause 4(3) (e) to (g) are not
applicable to the company and hence not commented upon.
4. In our opinion and according to the information and explanations
given to us, Company's internal control systems are commensurate with
the size of the Company and the nature of its business with regard to
purchases of inventories and fixed assets and with regard to the sale
of goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
5. In respect of the contracts or arrangements referred to in Section
301 of the Companies Act, 1956:
(a) According to the information and explanations provided by the
management to us, there were no contracts or arrangements referred to
in section 301 of the Act during the year. Accordingly sub clause (b)
is not applicable
6. The Company has not accepted any deposits from the public to which
the provisions 58A, 58AAor any other relevant provision of The
Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules,
1975 apply. Therefore, the provisions of clause (vi) of the paragraph 4
of the order are not applicable to the Company.
7. In our opinion and according to information and explanation given
to us, the Company has an internal audit system commensurate with the
size and nature of its business.
8. To the best of our knowledge and according to the information and
explanations given to us, the Central Government has not prescribed the
maintenance of cost records under Section 209 (1) (d) of the Companies
Act, 1956, for any of the products of the Company.
9. In respect of Statutory dues:
(a) According to the records of the Company, undisputed statutory dues
including Provident Fund, Employees' State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and any
other statutory dues have been generally regularly deposited with the
appropriate authorities. According to the information and explanations
given to us, no undisputed amounts payable in respect of the aforesaid
dues were outstanding as at March 31, 2012 for a period of more than
six months from the date of becoming payable.
(b) There is no disputed statutory dues payable by the company.
10. The Company does not have accumulated losses at the end of the
financial year. The Company has not incurred any cash losses during the
financial year covered by our audit and the preceding financial year.
11. Based on our audit procedures and according to the information and
explanation given to us, the Company has not taken loans from
Finanacial Institutions or Banks hence default in the repayment of its
dues to a Financial Institutions and Bank is not applicable to the
company.
12. According to the information and explanations given to us, no
loans and advances have been granted by the Company on the basis of
security by way of shares, debentures and other securities.
13. In our opinion and according to the information and explanations
given to us, the Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Accordingly, the provisions of clause 4 (xiii) of the
Order are not applicable to the Company.
14. According to the information and explanations given to us, the
Company is not dealing in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4 (xiv) of the Order
are not applicable to the Company.
15. The Company has not raised any term loan during the year and there
is no outstanding term loan during the year.
16. According to the information and explanations given to us and on
an overall examination of the Balance Sheet of the Company, we are of
the opinion that there are no funds raised on short-term basis that
have been used for long-term investment purpose.
17. According to the information and explanations given to us, the
Company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under Section 301 of
the Companies Act, 1956.
18. During the period covered by our audit report, the Company has not
raised any money by public issues.
19. To the best of our knowledge and belief and according to the
information and explanations given to us, no material fraud on or by
the Company has been noticed or reported during the year.
For PRAKKASH MUNI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 111792W
Sd/-
PRAKKASH R. MUNI.
Partner
Membership No.: 30544
Place : Mumbai
Date : 29th May, 2012.
Mar 31, 2011
1. I have audited the attached Balance Sheet of BABA ARTS LIMITED as
at 31st March, 2011 and the Profit and Loss Account and the Cash Flow
Statement for the year ended on that date annexed thereto. These
financial statements are the responsibility of the Company's
Management. My responsibility is to express an opinion on these
financial statements based on my audit.
2. I have conducted my audit in accordance with auditing standards
generally accepted in India. Those Standards require that I 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 the Management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion.
3. As required by the Companies (Auditor's Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of Section 227 of the Companies Act, 1956, I enclose
in the Annexure a statement on the matters specified in paragraphs 4
and 5 of the said Order.
4. Further to my comments in the Annexure referred to in paragraph 3
above, I report that:
i) I have obtained all the information and explanations, which to the
best of my knowledge and belief were necessary for the purposes of my
audit;
ii) In my 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;
iii) The Balance Sheet and the Profit and Loss Account and Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
iv) In my opinion, the Balance Sheet and the Profit and Loss Account
and Cash Flow Statement dealt with by this report comply with the
applicable accounting standards referred to in sub-section (3C) of
Section 211 of the Companies Act, 1956;
v) On the basis of written representations received from the directors,
as on 31st March, 2011, and taken on record by the Board of Directors,
I report that none of the directors is disqualified as on 31st March,
2011 from being appointed as a director in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act,1956;
vi) In my opinion and to the best of my information and according to
the explanations given to me, the said accounts read together with the
significant accounting policies and notes thereon give the information
required by the Companies Act, 1956, 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 31st March, 2011;
b) In the case of the Profit and Loss Account, 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.
ANNEXURE TO THE AUDITOR'S REPORT
(Referred to in paragraph 3 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 its fixed assets. With
consideration to significant additions from time to time such records
are being updated periodically.
b) All the assets have not been physically verified by the management
during the year but there is regular program of reconciliation which in
my opinion is reasonable having regard to the size of the company and
nature of its assets. According to the information and explanation
given to me no material discrepancy were noticed on such verification.
c) During the year the Company has not disposed of any part of the
plant and machinery, disposal of fixed assets does not constitute a
substantial part of the company's fixed assets.
2. Since, the company is having only Intellectual property rights as
its inventory therefore the Para 2 of the order relating to physical
verification of inventories is not applicable.
3. In respect of the loans, secured or unsecured, granted or taken by
the Company to/from companies, firms or other parties covered in the
Register maintained under Section 301 of the Companies Act, 1956:
(a) The Company has given loans to its subsidiary. In respect of the
said loans, the maximum amount outstanding at any time during the year
is Rs. 55 Lakhs and the year-end balance is Rs. Nil.
(b) In my opinion and according to the information and explanations
given to me, the rate of interest, where applicable and other terms and
conditions, are not prima facie prejudicial to the interest of the
Company.
(c) The principal amounts are repayable on demand and there is no
repayment schedule. The interest, where applicable, is payable on
demand.
(d) In respect of the said loans, the same are repayable on demand and
therefore the question of overdue amounts does not arise. In respect of
interest, where applicable, there are no overdue amounts.
(e) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties during the year covered in the
Register maintained under Section 301 of the Companies Act, 1956.
4. In my opinion and according to the information and explanations
given to me, Company's internal control systems are commensurate with
the size of the Company and the nature of its business with regard to
purchases of inventories and fixed assets and with regard to the sale
of goods and services. During the course of my audit, I have not
observed any continuing failure to correct major weakness in internal
control system.
5. In respect of the contracts or arrangements referred to in Section
301 of the Companies Act, 1956:
a) According to the information and explanations provided by the
management to me, there were no contracts or arrangements referred to
in section 301 of the Act during the year. Accordingly sub clause (b)
is not applicable
6. The Company has not accepted any deposits from the public to which
the provisions 58A, 58AA or any other relevant provision of The
Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules,
1975 apply. Therefore, the provisions of clause (vi) of the paragraph 4
of the order are not applicable to the Company.
7. In my opinion and according to information and explanation given to
me, the Company has an internal audit system commensurate with the size
and nature of its business.
8. To the best of my knowledge and according to the information and
explanations given to me, the Central Government has not prescribed the
maintenance of cost records under Section 209 (1) (d) of the Companies
Act, 1956, for any of the products of the Company.
9. In respect of statutory dues:
a) According to the records of the Company, undisputed statutory dues
including Provident Fund, Employees' State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and any
other statutory dues have been generally regularly deposited with the
appropriate authorities. According to the information and explanations
given to me, no undisputed amounts payable in respect of the aforesaid
dues were outstanding as at 31st March, 2011 for a period of more than
six months from the date of becoming payable.
b) There are no disputed statutory dues payable by the company.
10. The Company does not have accumulated losses at the end of the
financial year. The Company has not incurred any cash losses during the
financial year covered by my audit and the preceding financial year.
11. Based on our audit procedures and according to the information and
explanation given to me, the Company has not defaulted in the repayment
of its dues to a Financial Institutions and Bank.
12. According to the information and explanations given to me, no
loans and advances have been granted by the Company on the basis of
security by way of shares, debentures and other securities.
13. In my opinion and according to the information and explanations
given to me, the Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Accordingly, the provisions of clause 4 (xiii) of the
Order are not applicable to the Company.
14. According to the information and explanations given to me, the
Company is not dealing in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4 (xiv) of the Order
are not applicable to the Company.
15. The Company has not raised any term loan during the year and there
is no outstanding term loan during the year.
16. According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, we are of
the opinion that there are no funds raised on short-term basis that
have been used for long-term investment purpose.
17. According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under Section 301 of
the Companies Act, 1956.
18. During the period covered by my audit report, the Company has not
raised any money by public issues.
19. To the best of my knowledge and belief and according to the
information and explanations given to me, no material fraud on or by
the Company has been noticed or reported during the year.
For PRAKKASH MUNI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 111792W
PRAKKASH R. MUNI.
Proprietor
Membership No.: 30544.
Place : Mumbai
Date : 26th May, 2011.
Mar 31, 2010
1. I have audited the attached Balance Sheet of BABA ARTS LIMITED as
at 31st March, 2010 and the Profit and Loss Account and the Cash Flow
Statement for the year ended on that date annexed thereto. These
financial statements are the responsibility of the Companys
Management. My responsibility is to express an opinion on these
financial statements based on my audit.
2. I have conducted my audit in accordance with auditing standards
generally accepted in India. Those Standards require that I 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 the Management, as well as evaluating the overall financial
statement presentation. I believe that our audit provides a reasonable
basis for my opinion.
3. As required by the Companies (Auditors Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of Section 227 of the Companies Act, 1956, I enclose
in the Annexure a statement on the matters specified in paragraphs 4
and 5 of the said Order.
4. On the basis of written representations received from the
directors, as on 31st March, 2010, and taken on record by the Board of
Directors, I report that none of the directors is disqualified as on
31st March, 2010 from being appointed as a director in terms of clause
(g) of sub-section (1) of Section 274 of the Companies Act,1956;
5. Further to my comments in the Annexure referred to in paragraph 3
above, I report that:
i) I have obtained all the information and explanations, which to the
best of my knowledge and belief were necessary for the purposes of my
audit;
ii) In my 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;
iii) The Balance Sheet and the Profit and Loss Account and Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
iv) In my opinion, the Balance Sheet and the Profit and Loss Account
and Cash Flow Statement dealt with by this report comply with the
applicable accounting standards referred to in sub-section (3C) of
Section 211 of the Companies Act, 1956;
v) In my opinion and to the best of my information and according to the
explanations given to me, the said accounts read together with the
significant accounting policies and notes thereon give the information
required by the Companies Act, 1956, 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 31st March, 2010;
b) In the case of the Profit and Loss Account, of the profit for the
year ended on that date.
c) In the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO THE AUDITORS REPORT
(Referred to in paragraph 3 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 its fixed assets. With
consideration to significant additions from time to time such records
are being updated periodically.
b) All the assets have not been physically verified by the management
during the year but there is regular program of reconciliation which in
my opinion is reasonable having regard to the size of the company and
nature of its assets. According to the information and explanations
given to me no material discrepancy were noticed on such verification.
c) During the year the Company has not disposed of any part of the
plant and machinery,,disposal of fixed assets does not constitute a
substantial part of the companys fixed assets.
2. Since, the company is having only Intellectual property rights as
its inventory therefore the Para 2 of the order relating to physical
verification of inventories is not applicable.
3. In respect of the loans, secured or unsecured, granted or taken by
the Company to/from companies, firms or other parties covered in the
Register maintained under Section 301 of the Companies Act, 1956:
(a) The Company has given loans to its subsidiary. In respect of the
said loans, the maximum amount outstanding at any time during the year
is Rs. 55 Lakhs and the year-end balance is Rs. 55 Lakhs.
(b) In my opinion and according to the information and explanations
given to me, the rate of interest, where applicable and other terms and
conditions, are not prima facie prejudicial to the interest of the
Company.
(c) The principal amounts are repayable on demand and there is no
repayment schedule. The interest, where applicable, is payable on
demand.
(d) In respect of the -did loans, the same are repayable on demand and
therefore the question of overdue amounts does not arise. In respect of
interest, where applicable, there are no overdue amounts.
(e) The Company has taken unsecured loan from one party during the year
covered in the Register maintained under Section 301 of the Companies
Act, 1956.
(f) In respect of the said loan, the rate of interest and other terms
and conditions are not prima facie prejudicial to the interest of the
company.
(g) The company has repaid the entire principal amount along with
interest.
4. In my opinion and according to the information and explanations
given to me, Companys internal control systems are commensurate with
the size of the Company and the nature of its business with regard to
purchases of inventories and fixed assets and with regard to the sale
of goods and services. During the course of my audit, I have not
observed any continuing failure to correct major weakness in internal
control system.
5. In respect of the contracts or arrangements referred to in Section
301 of the Companies Act, 1956:
a) In my opinion and according to the information and explanations
given to me, the transaction of unsecured loan that needs to be entered
in the Register maintained under section 301 of the Companies Act, 1956
have been so entered.
b) The company has not entered into any transaction except of unsecured
loan and hence Para 5(b) of the order is not applicable.
6. In my opinion and according to the information and explanations
given to me, the Company has not accepted any deposits from the public
during the year covered by my audit report. Therefore, the provisions
of clause (vi) of the paragraph 4 of the order are not applicable to
the Company.
7. In my opinion and according to information and explanations given
to me, the Company has an internal audit system commensurate with the
size and nature of its business.
8. To the best of my knowledge and according to the information and
explanations given to me, the Central Government has not prescribed the
maintenance of cost records under Section 209 (1) (d) of the Companies
Act, 1956, for any of the products of the Company.
9. In respect of Statutory dues:
a) According to the records of the Company, undisputed statutory dues
including Provident Fund, Employees State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and any
other statutory dues have been generally regularly deposited with the
appropriate authorities. According to the information and explanations
given to me, no undisputed amounts payable in respect of the aforesaid
dues were outstanding as at March 31, 2010 for a period of more than
six months from the date of becoming payable.
b) There is no disputed statutory dues payable by the company.
10. The Company does not have accumulated losses at the end of the
financial year. The Company has not incurred any cash losses during the
financial year covered by my audit and the preceding financial year.
11. Based on my audit procedures and according to the information and
explanation given to me, the Company has not defaulted in the repayment
of its dues to a Financial Institutions and Bank.
12. According to the information and explanations given to me, no
loans and advances have been granted by the Company on the basis of
security by way of shares, debentures and other securities.
13. In my opinion and according to the information and explanations
given to me, the Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Accordingly, the provisions of clause 4 (xiii) of the
Order are not applicable to the Company.
14. According to the information and explanations given to me, the
Company is not dealing in shares, securities, debentures and other
investments. Accordingly, the provisions of clause 4 (xiv) of the Order
are not applicable to the Company.
15. The Company has not raised any term loan during the year and there
is no outstanding term loan during the year.
16. According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, we are of
the opinion that there are no funds raised on short-term basis that
have been used for long-term investment purpose.
17. According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under Section 301 of
the Companies Act, 1956.
18. During the period covered by my audit report, the Company has not
raised any money by public issues.
19. To the best of my knowledge and belief and according to the
information and explanations given to me, no material fraud on or by
the Company has been noticed or reported during the year.
For PRAKKASH MUNI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 111792W
PRAKKASH R. MUNI.
Proprietor
Membership No.: 30544
Place : Mumbai
Date : 13th August, 2010.