Mar 31, 2015
1. We have audited the accompanying standalone financial statements of
IVI/s COMPUTER POINT LTD., ("the Company'') which comprise the Balance
sheet as at 31st March, 2015, 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
2. The Company 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 the 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; section
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.
Auditors' Responsibility
3. Our responsibility is to express an opinion on these financial
statements based on our audit.
4. 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.
5. 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.
6. 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 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.
7. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion the financial
statements.
Opinion
8. In our opinion and to the best of our information and according to
the explanations given to us, the aforesaid standalone financial
statements give the information required by the Act in the manner so
required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of
affairs of the Company as at March 31,2015, and its profit and its cash
flows for the year ended on that date.
(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 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.
Report on Other Legal and Regulatory Requirements
9. 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 Act (hereinafter referred to as
the "Order"), and on the basis of such checks of the books and records
of the Company as we considered appropriate and according to the
information and explanations given to us. We give in the Annexure a
statement on the matters specified in paragraphs 3 and 4 of the Order.
10. As required by section 143(3) of the Act, we report that, 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 appears from our examination of
those books.
(c) The balance sheet, the statement of profit and loss, and cash flow
statement dealt with this report are in agreement with the books of
account.
(d) In our opinion, the Balance Sheet, the Statement of Profit and
Loss, and the Cash Flow Statement comply with the Accounting Standards
specified under section 133 of the act read withRule 7 of the Companies
(Accounts) Rules, 2014.
(e) On the basis of the written representations received from the
directors, as on March 31, 2015 taken on record by the Board of
Directors, none of the directors is disqualified as on March 31, 2015
from being appointed as a director in terms of Section 164 (2) of the
Act.
i) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) According to the information and explanations given to us, the
fixed assets were physically verified during the year by the management
in accordance with the programme of verification, which in our opinion
is reasonable having regard to the size of the Company and the nature
of its assets. The discrepancies noticed on physical verification were
not material and have been properly dealt with in the books of account.
(c) There was no disposal of a substantial part of fixed asset.
ii) (a) The Company has conducted physical verification of inventory at
reasonable intervals during the year.
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed by the Management are reasonable and adequate in relation to
the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory and
no material discrepancies were noticed on physical verification.
iii) (a) 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 Company Act, 2013.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties covered in the register maintained
under Section 73 to 76 of the Company Act, 2013 read with Companies
(Acceptance of Deposits) Rules, 2014.
iv) In our opinion and according to the information and explanations
provided to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of inventory and fixed assets and for
sale of goods and services, During the course of our audit, no major
weakness has been noticed in the internal control system.
v) (a) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no contracts
or arrangement the particulars of which are required to be entered
during the year in the Register maintained under that Section.
(b) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no
transactions made in pursuance of such contracts and exceeding the
value of Rupees Five Lakhs in respect of any party during the year.
vi) In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public
during the year. Therefore, the provisions of clause 4 (vi) of the
Order are not applicable to the Company.
vii) Under the course of our audit and according to the comment of the
Management, the Company has adequate in-house audit system considering
the turnover and the nature of the Company
viii) We have broadly reviewed the books of account maintained by the
Company in respect of products where, pursuant to the rule made by the
Central Government of India, the maintenance of cost records has been
specified under sub-section (1) of section 148 of the Act, and are of
the opinion that, prime facie the prescribed accounts and records have
been made and maintained.
ix) (a) As per records produced before us and according to the
information and explanations given to us the Company is generally
regular in depositing undisputed statutory dues applicable to it like
income tax, value added tax with the appropriate authorities, and there
were no arrears of such dues at the year-end which have remained
outstanding for a period of more than six months from the date they
became payable.
(b) As per records produced before us and according to the information
and explanations given to us, there are no dues of Income tax, Sales
tax, Customs Duty, Wealth tax, Service tax, Excise Duty or Cess, which
have not been deposited on account of any dispute.
x) The Company has accumulated losses of Rs 319.24 Lacs as at 31st
March, 2015 (Prev. Year RS319.38 Lacs) which is below fifty percent of
its net worth and has not incurred cash losses during the financial
year covered by our audit and in the immediately preceding financial
year.
xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
bank or financial institutions or debenture holders.
xii) In our opinion and according to the information and explanations
given 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.
xiii) The provisions of any special statute applicable to chit fund /
nidhi /mutual benefit fund/ societies are not applicable to the
company.
xiv) In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Therefore, the provisions
of clause 4 (xiv) of the Companies (Auditor's Report) Order, 2003 are
not applicable to the Company.
xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee, for loans taken
by others from banks or financial institutions during the year.
xvi) In our opinion and according to the information and explanations
given to us, no term loans have been applied for the purpose for which
they were raised.
xvii) In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been
used for long-term investment.
xviii) According to the information and explanations given to us,
during the period covered by our audit report, the Company has not made
preferential allotment of shares to parties.
xix) The Company has not issue any debentures and accordingly the
question of creation of securities or charge in this regard does not
arise.
xx) The Company has not raised any money during the year through public
issue of any of its securities.
xxi) 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 course of our
audit.
For RANJIT JHA& ASSOCIATES
Chartered Accountants
Firm Registration No. 326969E
(Ranjit Jha)
Place: Kolkata Partner
Dated : 30th day of May, 2015 Membership No.: 068333
Mar 31, 2014
We have audited the attached Balance Sheet of M/s COMPUTER POINT LTD.,
as at 31st March, 2014, the statement of profit and loss and also the
cash flow statement for the year ended and a summary of significant
accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
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
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 control relevant to the i 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 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 ouraudit 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 March 31, 2014;
b) I n the case of the Statement of Profit and Loss, 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.
Report on Other Legal and Regulatory Requirements
1 As required by the Companies (Auditor''s Report) Order, 2003 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.
2. As required by section 227(3) of the Act, 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, statement of profit and loss and cash flow
statement dealt with by this report are in agreement with the books of
account.
iv. The Balance Sheet, the Statement of Profit and Loss and the Cash
Flow Statement of the Company dealt with by this report comply with the
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 31 st March, 2014 and taken on record by the Board of
Directors, we report that none of the directors is disqualified as on
31 st March, 2014 from being appointed as a director in terms of clause
(g) of sub-section (1) of section 274 of the Companies Act, 1956.
(Referred to in paragraph 1 of the our report of even date)
i) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) According to the information and explanations given to us, the
fixed assets were physically verified during the year by the management
in accordance with the programme of verification, which in our opinion
is reasonable having regard to the size of the Company and the nature
of its assets. The discrepancies noticed on physical verification were
not material and have been properly dealt with in the books of account.
(c) There was no disposal of a substantial part of fixed asset.
ii) (a) The Company has conducted physical verification of inventory at
reasonable intervals during the year.
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed by the Management are reasonable and adequate in relation to
the size of the Company and the nature of its business.
(c) in our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory and
no material discrepancies were noticed on physical verification.
iii) (a) The Company has not granted any loans, secured or unsecured to
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (a), (b), (c) and (d) of clause 4(iii) are not
applicable to the Company.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (e), (f) and (g) of clause 4(iii) of the Order are not
applicable to the Company.
iv) In our opinion and according to the information and explanations
provided to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of inventory and fixed assets and for
sale of goods and services, During the course of our audit, no major
weakness has been noticed in the internal control system.
v) (a) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no contracts
or arrangement referred to in Section 301 of the Act, the particulars
of which are required to be entered during the year in the Register
maintained underthat Section.
(b) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no
transactions made in pursuance of such contracts and exceeding the
value of Rupees Five Lakhs in respect of any party during the year.
vi) In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public
during the year. Therefore, the provisions of clause 4 (vi) of the
Order are not applicable to the Company.
vii) Under the course of our audit and according to the comment of the
Management, the Company has adequate in-house audit system considering
the turnover and the nature of the Company.
viii) In our opinion, the Central Government has not prescribed
maintenance of cost records under Clause (d) of sub-section (1) of
Section 209 of the Companies Act, 1956 for any of the products dealt by
the Company.
ix) (a) As per records produced before us and according to the
information and explanations given to us the Company is generally
regular in depositing undisputed statutory dues applicable to it like
income tax, value added tax with the appropriate authorities, and there
were no arrears of such dues at the year- end which have remained
outstanding for a period of more than six months from the date they
became payable.
(b) As per records produced before us and according to the information
and explanations given to us, there are no dues of Income tax, Sales
tax, Customs Duty, Wealth tax, Service tax, Excise Duty or Cess, which
have not been deposited on account of any dispute.
x) The Company has accumulated losses of Rs. 319.38 Lacs as at 31st
March, 2014 (Prev. Year Rs. 323.08 Lacs) which is below fifty percent
of its net worth and has not incurred cash losses during the financial
year covered by our audit and in the immediately preceding financial
year.
xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
bank or financial institutions or debenture holders.
xii) In our opinion and according to the information and explanations
given 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.
xiii) The provisions of any special statute applicable to chit fund /
nidhi /mutual benefit fund/ societies are not applicable to the
company.
xiv) In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Therefore, the provisions
of clause j 4 (xiv) of the Companies (Auditor''s Report) Order, 2003 are
not applicable to the Company.
xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee, for loans taken
by others from banks or financial institutions during the year.
xvi) In our opinion and according to the information and explanations
given to us, no term loans have been applied for the purpose for which
they were raised.
xvii) In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been
used for long-term investment.
xviii) According to the information and explanations given to us,
during the period covered by our audit report, the Company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under Section 301 of the Companies Act, 1956.
xix) The Company has not issue any debentures and accordingly the
question of creation of securities or charge in this regard does not
arise.
xx) The Company has not raised any money during the year through public
issue of any of its securities.
xxi) 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 course of our
audit.
For R.K.BHATTER & CO.
Chartered Accountants
Firm regd No. 322247E
Place : Kolkata (Ravi Kumar Bhatter)
Dated: 30th day of MAY, 2014 Proprietor
Membership No.:3Q0-51585
Mar 31, 2013
Report on Financial Statements
We have audited the attached balance sheet of M/s COMPUTER POINT LTD.,
as at 31st March, 2013, the statement of profit and loss and also the
cash flow statement for the year ended and a summary of significant
accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
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
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 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 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 March 31, 2013;
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.
Report on Other Legal and Regulatory Requirements
1 As required by the Companies (Auditor''s Report) Order, 2003 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.
2. As required by section 227(3) of the Act, we report that, 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, statement of profit and loss and cash flow
statement dealt with by this report are in agreement with the books of
account.
iv. The Balance Sheet, the Profit and Loss Account and the Cash Flow
Statement of the Company dealt with by this report comply with the
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, 2013 and taken on record by the Board of Directors,
we report that 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 Companies Act, 1956.
(Referred to in paragraph 1 of the our report of even date)
i) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) According to the information and explanations given to us, the
fixed assets were physically verified during the year by the management
in accordance with the programme of verification, which in our opinion
is reasonable having regard to the size of the Company and the nature
of its assets. The discrepancies noticed on physical verification were
not material and have been properly dealt with in the books of account.
(c) There was no disposal of a substantial part of fixed asset.
ii) (a) The Company has conducted physical verification of inventory at
reasonable intervals during the year.
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed by the Management are reasonable and adequate in relation to
the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory and
no material discrepancies were noticed on physical verification.
iii) (a) The Company has not granted any loans, secured or unsecured to
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (a), (b), (c) and (d>of clause 4(iii) are not applicable
to the Company.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (e), (f) and (g) of clause 4(iii) of the Order are not
applicable to the Company.
iv) In our opinion and according to the information and explanations
provided to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of inventory and fixed assets and for
sale of goods and services, During the course of our audit, no major
weakness has been noticed in the internal control system.
v) (a) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no contracts
or arrangement referred to in Section 301 of the Act^ the particulars
of which are required to be entered during the year in the Register
maintained under that Section.
(b) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no
transactions made in pursuance of such contracts and exceeding the
value of Rupees Five Lakhs in respect of any party during the yean Cont
vi) In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public
during the year. Therefore, the provisions of clause 4 (vi) of the
Order are not applicable to the Company.
vii) Under the course of our audit and according to the comment of the
Management, the Company has adequate in-house audit system considering
the turnover and the nature of the Company.
viii) In our opinion, the Central Government has not prescribed
maintenance of cost records under Clause (d) of sub-section (1) of
Section 209 of the Companies Act, 1956 for any of the products dealt by
the Company.
ix) (a) As per records produced before us and according to the
information and explanations given to us the Company is generally
regular in depositing undisputed statutory dues applicable to it like
income tax, value added tax with the appropriate authorities, and there
were no arrears of such dues at the year-end which have remained
outstanding for a period of more than six months from the date they
became payable.
(b) As per records produced before us and according to the information
and explanations given to us, there are no dues of Income tax, Sales
tax, Customs-Duty, Wealth tax, Service tax, Excise Duty or Cess, which
have not been deposited on account of any dispute.
x) The Company has accumulated losses of Rs.322.03 Lacs as at 31st
March, 2013 (Prev. Year Rs.333.45 Lacs) which is below fifty percent of
its net worth and has not incurred cash losses during the financial
year covered by our audit and in the immediately preceding financial
year.
xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
bank or financial institutions or debenture holders.
xii) In our opinion and according to the information and explanations
given 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.
xiii) The provisions of any special statute applicable to chit fund /
nidhi /mutual benefit fund/ societies are not applicable to the
company.
ix) In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Therefore, the provisions
of clause 4 (xiv) of the Companies (Auditor''s Report) Order, 2003 are
not applicable to the Company.
x) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee, for loans taken
by others from banks or financial institutions during the year.
xi) In our opinion and according to the information and explanations
given to us, no term loans have been applied for the purpose for which
they were raised.
xii) In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been
used for long-term investment.
i) According to the information and explanations given to us, during
the period covered by our audit report, the Company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under Section 301 of the Companies Act, 1956.
ii) The Company has not issue any debentures and accordingly the
question of creation of securities or charge in this regard does not
arise.
iii) The Company has not raised any money during the year through
public issue of any of its securities.
iv) 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 course of our
audit.
For R.K.BHATTER & CO.
Chartered Accountants
Firm Regd No. 322247E
(Ravi Kumar Bhatter)
Place: Kolkata Proprietor
Dated: 27th day of MAY, 2013 Membership No.:300-51585
Mar 31, 2012
1. We have audited the attached Balance Sheet of M/S. COMPUTER POINT
LIMITED ("The Company") as at 31st March, 2012 and also the Statement
of Profit & Loss of the Company for the year ended on that date annexed
thereto. These financial statement are the responsibility of
Company''s Management, our responsibility is to express an opinion on
these financial statements based on our audit.
2. We 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 misstatements. 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 issued
by the Central Government of India in terms of sub-section (4A) of
Se''ction 227 of Companies Act, 1956, we enclose in the Annexure a
statement on the matter specified in paragraphs 4 and 5 of said Order
to the extent applicable.
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 it appears from our examination of
those books;
III. the Balance Sheet and Statement of Profit & Loss Account dealt
with by this report are in agreement with the books of accounts;
IV. in our opinion, the Balance Sheet and Profit & Loss Account dealt
with by this report comply with the 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 March 31, 2012, and taken on record by the Board of Directors, we
report that none of the directors is disqualified as on March 31, 2012
from being appointed as a director in terms of clause (g) of
sub-section 274 of the Companies Act, 1956; and
VI. in our opinion and to the best of our information and according to
the explanations given to us, the said accounts 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 March 31, 2012; and
b) in the case of the Statement of Profit & Loss, of the Profit for the
year ended on the date.
c) in the case of Cash flow statement of the cash flows for the year
ended on that date.
(Referred to in paragraph 3 of the our report of even date)
i) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) According to the information and explanations given to us, the
fixed assets were physically verified during the year by the management
in accordance with the programme of verification, which in our opinion
is reasonable having regard to the size of the Company and the nature
of its assets. The discrepancies noticed on physical verification were
not material and have been properly dealt with in the books of account.
(c) There was no disposal of a substantial part of fixed asset.
ii) (a) The Company has conducted physical verification of inventory at
reasonable intervals during the year.
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed by the Management are reasonable and adequate in relation to
the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory and
no material discrepancies were noticed on physical verification. :
iii) (a) The Company has not granted any loans, secured or unsecured to
companies, firms or other parties ; covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (a), (b), (c) and (d) of clause 4(iii) are not
applicable to the Company.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (e), (f) and (g) of clause 4(iii) of the Order are not
applicable to the Company.
iv) In our opinion and according to the information and explanations
provided to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of inventory and fixed assets and for
sale of goods and services, During the ; course of our audit, no major
weakness has been noticed in the internal control system.
v) (a) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no contracts
or arrangement referred to in Section 301 of the Act, the particulars
of which are required to be entered during the year in the Register
maintained under that Section.
(b) To the best of our knowledge and belief and according to the
information and explanations given to i us, there have been no
transactions made in pursuance of such contracts and exceeding the
value ; of Rupees Five Lakhs in respect of any party during the year.
vi) In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public
during the year. Therefore, the provisions of clause 4 (vi) of the
Order are not applicable to the Company.
vii) Under the course of our audit and according to the comment of the
Management, the Company has adequate in-house audit system considering
the turnover and the nature of the Company.
viii) In our opinion, the Central Government has not prescribed
maintenance of cost records under Clause (d) of sub-section (1) of
Section 209 of the Companies Act, 1956 for any of the products dealt by
the Company.
ix) (a) As per records produced before us and according to the
information and explanations given to us the Company is generally
regular in depositing undisputed statutory dues applicable to it like
income tax, value added tax with the appropriate authorities, and there
were no arrears of such dues at the year- end which have remained
outstanding for a period of more than six months from the date they
became payable.
(b) As per records produced before us and according to the information
and explanations given to us, there are no dues of Income tax, Sales
tax, Customs Duty, Wealth tax, Service tax, Excise Duty or Cess, which
have not been deposited on account of any dispute.
x) The Company has accumulated losses ofRs. 192.01 Lacs as at 31st March,
2012 (Prev. YearRs. 227.14 Lacs) which is below fifty percent of its net
worth and has not incurred cash losses during the financial year
covered by our audit and in the immediately preceding financial year.
xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
bank or financial institutions or debenture holders.
xii) In our opinion and according to the information and explanations
given 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.
xiii) The provisions of any special statute applicable to chit fund /
nidhi /mutual benefit fund/ societies are not applicable to the
company.
xiv) In our opinion and according to the .information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Therefore, the provisions
of clause 4 (xiv) of the Companies (Auditor''s Report) Order, 2003 are
not applicable to the Company.
xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee, for loans taken
by others from banks or financial institutions during the year.
xvi) In our opinion and according to the information and explanations
given to us, no term loans have been applied for the purpose for which
they were raised.
xvii) In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been
used for long-term investment.
xviii) According to the information and explanations given to us,
during the period covered by our audit report, the Company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under Section 301 of the Companies Act, 1956.
xix) The Company has not issue any debentures and accordingly the
question of creation of securities or charge in this regard does not
arise.
xx) The Company has not raised any money during the year through public
issue of any of its securities.
xxi) 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 course of our
audit.
For R. K. BHATTER & CO.
Chartered Accountants
Firm Regd. No. 322247E
Place: Kolkata (Ravi Kumar Bhatter)
Date : 18th day of August, 2012 Proprietor
Membership No. 300-51585
Mar 31, 2010
1. We have audited the attached Balance Sheet of M/S. COMPUTER POINT
LIMITED ("The Company") as at 31st March, 2010 and also the Profit &
Loss Account of the Company for the year ended on that date annexed
thereto. These financial statement are the responsibility of Companys
Management, our responsibility is to express an opinion on these
financial statements based on our audit.
2. We 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 misstatements. 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 (Auditors Report) order, 2003 issued
by the Central Government of India in terms of sub-section (4A) of
Section 227 of Companies Act, 1956, we enclose in the Annexure a
statement on the matter specified in paragraphs 4 and 5 of said Order
to the extent applicable.
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 it appears from our examination of
those books;
III. the Balance Sheet and Profit & Loss Account dealt with by this
report are in agreement with the books of accounts;
IV. in our opinion, the Balance Sheet and Profit & Loss Account dealt
with by this report comply with the 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 March 31, 2010, and taken on record by the Board of
Directors, we report that none of the directors is disqualified as on
March 31, 2010 from being appointed as a director in terms of clause
(g) of sub-section 274 of the Companies Act, 1956; and
VI. in our opinion and to the best of our information and according to
the explanations given to us, the said accounts 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 March 31, 2010; and
b) in the case of the Profit and Loss Account, of the Profit for the
year ended on the date.
c) in the case of Cash flow statement of the cash flows for the year
ended on that date.
(Referred to in paragraph 3 of the our report of even date)
i) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) According to the information and explanations given to us, the
fixed assets were physically verified during the year by, the
management in accordance with the programme of verification, which in
our opinion is reasonable having regard to the size of the Company and
the nature of its assets. The discrepancies noticed on physical
verification were not material and have been properly dealt with in the
books of account.
(c) There was no disposal of a substantial part of fixed asset.
ii) (a) The Company has conducted physical verification of inventory at
reasonable intervals during the year.
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed by the Management are reasonable and adequate in relation to
the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory and
no material discrepancies were noticed on physical verification.
iii) (a) The Company has not granted any loans, secured or unsecured to
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (a), (b), (c) and (d) of clause 4(iii) are not
applicable to the Company.
(b) The Company has not taken any loans, secured or unsecured, from
companies, firms or other parties covered in the register maintained
under Section 301 of the Companies Act, 1956. Therefore, the provisions
of sub-clauses (e), (f) and (g) of clause 4(iii) of the Order are not
applicable to the Company.
iv) In our opinion and according to the information and explanations
provided to us, there are adequate
internal control procedures commensurate with the size of the Company
and the nature of its business with regard to purchase of inventory and
fixed assets and for sale of goods and services, During the course of
our audit, no major weakness has been noticed in the internal control
system.
v) (a) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no contracts
or arrangement referred to in Section 301 of the Act, the particulars
of which are required to be entered during the year in the Register
maintained under that Section.
(b) To the best of our knowledge and belief and according to the
information and explanations given to us, there have been no
transactions made in pursuance of such contracts and exceeding the
value of Rupees Five Lakhs in respect of any party during the year.
vi) In our opinion and according to the information and explanations
given to us, the Company has not
accepted deposits from the public during the year. Therefore, the
provisions of clause 4 (vi) of the Order are not applicable to the
Company.
vii) Under the course of our audit and according to the comment of the
Management, the Company has
adequate in-house audit system considering the turnover and the nature
of the Company.
viii) In our opinion, the Central Government has not prescribed
maintenance of cost records under Clause
(d) of sub-section (1) of Section 209 of the Companies Act, 1956 for
any of the products dealt by the Company.
ix) (a) As per records produced before us and according to the
information and explanations given to us the Company is generally
regular in depositing undisputed statutory dues applicable to it like
income tax, value added tax with the appropriate authorities, and there
were no arrears of such dues at the year- end which have remained
outstanding for a period of more than six months from the date they
became payable.
(b) As per records produced before us and according to the information
and explanations given to us, there are no dues of Income tax, Sales
tax, Customs Duty, Wealth tax, Service tax, Excise Duty or Cess, which
have not been deposited on account of any dispute.
x) The Company has accumulated losses of Rs. 227.13 Lacs as at 31st
March, 2010 (Prev. Year Rs. 256.43 Lacs) which is below fifty percent of
its net worth and has not incurred cash losses during the financial year
covered by our audit and in the immediately preceding financial year.
xi) In our opinion and according to the information and explanations
given to us, the Company has not
defaulted in repayment of dues to any bank or financial institutions or
debenture holders.
xii) In our opinion and according to the information and explanations
given 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.
xiii) The provisions of any special statute applicable to chit fund /
nidhi /mutual benefit fund/ societies are not applicable to the
company.
xiv) In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Therefore, the provisions
of clause 4 (xiv) of the Companies (Auditors Report) Order, 2003 are
not applicable to the Company.
xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee, for loans taken
by others from banks or financial institutions during the year.
xvi) In our opinion and according to the information and explanations
given to us, no term loans have been applied for the purpose for which
they were raised.
xvii) In our opinion and according to the information and explanations
given to us, and on an overall
examination of the Balance Sheet of the Company, we report that no
funds raised on short-term basis have been Used for long-term
investment.
xviii) According to the information and explanations given to us,
during the period covered by our audit report, the Company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under Section 301 of the Companies Act, 1956.
xix) The Company has not issue any debentures and accordingly the
question of creation of securities or charge,in this regard does not
arise.
xx) The Company has not raised any money during the year through public
issue of any of its securities.
xxi) 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 course of our
audit.
For R. K. BHATTER & CO.
Chartered Accountants
Date : 28th day of August, 2010 (Ravi Kumar Bhatter)
Place : Kolkata Proprietor
Membership No. 300-51585
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