Mar 31, 2015
We have audited the accompanying financial statements of Dhenu Buildcon
Infra Ltd ("the Company"), which comprise the Balance Sheet as at March
31, 2015, the Statement of Profit and Loss, Cash Flow Statement for the
year then ended, and a summary of significant accounting policies and
other explanatory information.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the matters stated
in Section 134(5) of the Companies Act, 2013 ("the Act") with respect
to the preparation of these standalone financial statements that give a
true and fair view of the financial position, financial performance and
cash flows of the company in accordance with the accounting principles
generally accepted in India, including the Accounting Standards
specified under section 133 »of the Act, read with rule 7 of the
Companies (Accounts) Rules, 2014. This responsibility also includes
maintenance of adequate accounting records in accordance with the
provision of the Act for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities, selection and
application of the appropriate accounting policies, making judgments
and estimates that are reasonable and prudent, and design,
implementation and maintenance of adequate internal financial controls,
that we were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these standalone
financial statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards and
matters which are required to be included in the audit report under the
provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing
specified under Section 143(10) of the Act. Those standards require
that we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether fhe '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 accounting policies used and the reasonableness of
the accounting estimates made by the Company's Directors, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone
financial statements.
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, its state of affairs of the
Company as at March 31, 2015 and
b) in the case of the statement of Profit and Loss, its profit for the
year ended on that date;
c) in the case of cash flow statement, 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 issued by
the Central Government of India in terms of Section 143 (11) of the
Companies Act, 2013, we give in the Annexure a statement on the matters
specified in paragraph 3 and 4 of the Order, to the extent applicable.
2. As required under provisions of section 143(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 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 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 standalone financial statements comply
with the accounting standards specified under section 133 of the Act,
read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of written representations received from the directors
as on 31st March, 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.
f) With respect to the other matters to be included in the Auditor's
Report in accordance with Rules 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:
a. The Company does not have any pending litigations which have
material impact on its financial position in its financial statements.
b. The Company did not have any long term contracts including
derivative contracts that require provision under any law or accounting
standards for which there were any material foreseeable losses.
c. There were no amounts which are required to be transferred to the
Investor Education and Protection Fund by the Company during the year.
Annexure referred to in paragraph 3 of the Auditors Report to the
Members of Dhenu Buildcon Infra Ltd on accounts for the year ended 31s'
March 2015.
(i) Fixed Assets:
a. The company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets.
b. As explained to us, fixed assets have been physically verified by
the management at reasonable intervals: no discrepancies were noticed
on such verification.
c. In our opinion and according to die information and explanation
given to us, substantial fixed assets have not been disposed during the
year so as to affect the going concern assumption.
(ii) Inventories:
a. Physical verification of inventory has been conducted at reasonable
intervals by the management.
b. 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. The company has maintained proper records of inventory and there
are no material discrepancies were noticed on physical verification.
(iii) During the year 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.
(iv) In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business of availing services & purchases of Fixed Assets and for the
rendering services. During the course of our audit we have not observed
any major weakness in internal control.
(v) No deposits from the public have been accepted by the Company,
falling in the purview of Section 73 to 76 or any other provision of
the Companies Act, 2013.
(vi) It is informed to us, the maintenance of cost records has been
prescribed by the Central Government under sub-section (1) of section
148 of the Companies Act, 2013 however the same are maintained at
branches and are not reviewed by us.
(vii) Statutory dues:
a. According to books of accounts examined by us and as per information
and explanations given to us, the company is generally regular in
depositing undisputed statutory dues including provident fund,
employees' state insurance, income-tax, sales-Lax, wealth tax, service
tax, duty of customs, duty of excise, value added tax, cess and any
other statutory dues with the appropriate authorities and if not, the
extent of the arrears of outstanding statutory dues as at the last day
of the financial year concerned for a period of more than six months
from the date they became payable.
b. According to the information and explanations given to us, there
are no dues of income tax or sales tax or wealth tax or service tax or
duty of customs or duty of excise or value added tax or cess have not
been deposited on account of any dispute. (A mere representation to the
concerned Department shall not constitute a dispute).
Pending With Related Period Nature Amount
Income Tax A.Y.1997-98 Income Tax Rs.148568/-
Office
Income Tax A.Y.1995-96 Income Tax Rs.121508/-
Office
c. According to the information and explanations given to us, there
were no amount required to be transferred to investor education and
protection fund in accordance with the relevant provisions of the
Companies Act, 1956 (1 of 1956) and rules made there under.
(viii) The accumulated losses of the Company at the end of the
financial year are less than 50% of its net worth and it has not
incurred cash losses in the financial year covered under the audit
however has incurred cash losses in the immediately preceding financial
year.
(ix) According to the information and explanation given to us, the
Company has not defaulted in repayment of dues to financial
institutions/banks.
(x) 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, the terms and conditions whereof are
prejudicial to the interest of the company;
(xi) The Company has not availed any term loan during the year.
(xii) According to the information and explanation given to us, no
material fraud on or by company has been notices or reported during
year.
FOR LAHOTINAVNEET & CO.
Chartered Accountants
FRN:116870W
CA SANJAY SONI
PARTNER
M.N. 114835
Place: Mumbai
Dated: 30th May, 2015
Mar 31, 2014
We have audited the accompanying financial statements of Dhenu Buildcon
Infra Limited("the Company"), which comprise the Balance Sheet as at
March 31, 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
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 read with the General Circular No. 15/2013
dated September 13, 2013 in respect of Section 133 of the Companies
Act, 2013 and General Circular 08/2014 dated April 4, 2014 with respect
to the Financial Statements of the Ministry of Corporate Affairs. 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
entity''s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity''s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the
reasonableness of 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 31st March, 2014;
(b) in the case of the Statement of Profit and Loss, of the loss for
the year ended on that date; and
(c) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (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 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 Companies Act,1956, 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 Companies Act,
1956 read with the General Circular No. 15/2013 dated September 13,
2013 of the Ministry of Corporate Affairs in respect of Section 133 of
the Companies Act, 2013.
(e) On the basis of the written representations received from the
directors & taken on record by the Board of Directors, we report that
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 Companies Act, 1956 on the said date.
ANNEXURE TO THE AUDITORS'' REPORT
(Referred to in Paragraph ''1'' of our report of even date)
1. (a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) Fixed assets have been physically verified by the Management during
the year. In our opinion, the frequency of verification of fixed assets
by the management is reasonable having regard to the size of the
Company and the nature of its assets. No discrepancies have been
noticed in respect of the assets physically verified during the year.
(c) The Company has not disposed off any fixed assets during the year.
2. (a) Inventory has been physically verified by the management at
reasonable intervals. In our opinion, the frequency of verification is
reasonable.
(b) In our opinion, the procedures of verification of inventory
followed by the management are reasonable and adequate in relation to
the size of the Company & the nature of its business.
(c) The Company is maintaining proper records of inventory. No
discrepancies have been noticed on reconciliation of physical
inventories with the book records.
3. (a) The Company has not granted any loans, secured or unsecured, to
the companies, firms or other parties covered in the registered
maintained u/s. 301 of the Companies Act,1956 therefore, requirement of
clause (iii-a) to (iii-d) of paragraph 4 of the Order are not
applicable.
(e) The Company has accepted interest free unsecured loan from a party
covered in the register maintained under Section 301 of the Companies
Act., 1956. The maximum amount involved during the year is Rs.16500/- &
the year-end balance of loans accepted from such party is Rs. NIL.
(f) In our opinion, the other terms and conditions on which loans were
received is not prima facie prejudicial to the interest of the Company.
(g) The Company is regular in repaying the principal amounts as
stipulated.
4. 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 for the
purchase of inventory & for the sale of goods. The Company does not
provide any services. During the course of our audit no major weakness
have been observed in the internal controls.
5. According to the information and explanations given to us by the
management, there are no transactions that needed to be entered into
the register maintained under Section 301 of the Companies Act, 1956.
6. In our opinion and according to the information and explanations
given to us, the Company has not accepted any deposits to which the
provision of section 58A, 58AA or any other relevant provisions of the
Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules,
1975 apply.
7. The Company does not have a formal system of internal audit, but
there are adequate checks & controls at all level.
8. The provisions of sec. 209(1) (d) of the Companies Act, 1956
regarding maintenance of Cost records is not applicable to the Company.
9. (a) In our opinion and according to the information and
explanations given to us, the Company has been regular in depositing
undisputed statutory dues applicable to it.
(b) According to the information and explanations given to us, there
are no dues of Wealth Tax, Sales Tax, Service Tax, Customs Duty, Excise
Duty and Cess that have not been deposited on account of any dispute.
Details of dues towards Income Tax that have not been deposited on
account of dispute are as stated below.
Name of Nature of Amount Period to Forum where dispute
the Statute Dues (in Rs.) which the is pending
amt. relates
Income Tax Income Tax 148568/- A.Y.1997-98 Income Tax Officer
Act, 1961
Income Tax Income Tax 121508/- A.Y.1995-96 Income Tax Officer
Act, 1961
10. The accumulated losses as at the end of the financial year are
less than 50 % of net worth of the Company. The Company has incurred
cash losses during the financial year covered by our audit. In the
immediately preceding financial year, the Company did not incurred cash
losses.
11. The Company has not taken any loans from financial institution or
bank or through issue of debentures. Accordingly, clause 4(xi) of the
Order is not applicable.
12. The Company has not granted any loans and advances on the basis of
security by way of pledge of shares, debentures and other securities.
13. The Company is not a chit fund or a nidhi/mutual benefit
fund/society.
14. The Company is not dealing in shares and other investments.
Therefore, provisions of clause 4(xiv) of CARO, 2003 are not applicable
to the Company.
15. In our opinion, the Company has not given any guarantee for loans
taken by others from bank or financial institutions.
16. The Company has not raised any term loan during the year and hence
clause 4 (xvi) of the Order is not applicable.
17. According to information & explanations given to us and on overall
examination of Balance Sheet of the Company, we report that Company has
not raised any short term loan during the year.
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 Act.
19. The Company did not have any outstanding debentures during the
year.
20. The Company has not raised any money by way of public issues
during the year.
21. According to the information and explanations given to us, no
fraud on or by the Company has been noticed or reported during the
year.
For K K Khadaria & CO
Chartered Accountants
(Firm Regn No: 105013W)
Ajay Daga
Partner
Mem. No: 44162
Place : Mumbai
Dated : 30th May,2014
Mar 31, 2013
Report on the Financial Statements
We have audited the accompanying financial statements of Dhenu Buildcon
Infra Limited("the Company"), which comprise the Balance Sheet as at
March 31, 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
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 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("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 AUDITORS'' REPORT (Referred to in Paragraph ''1'' of our
report of even date)
1. (a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) Fixed assets have been physically verified by the Management during
the year. In our opinion, the frequency of verification of fixed assets
by the management is reasonable having regard to the size of the
Company and the nature of its assets. No discrepancies have been
noticed in respect of the assets physically verified during the year.
(c) The Company has not disposed off any fixed assets during the year.
2. The Company has no inventories and hence, the question of physical
verification and valuation thereof does not arise.
3.
(a) As informed to us, the Company has not granted any loans, secured
or unsecured, to companies, firms or other parties listed in the
register maintained under section 301 of the Companies Act, 1956.
Therefore, requirement of clause (iii-a) to (iii-d).
(e) The Company has taken interest free unsecured loans from three
parties covered in the register maintained u/s.301 of the Companies
Act., 1956. The maximum amount involved during the year is Rs.38500/- &
the year-end balance of loans taken from such parties is Rs.NIL/-.
(f) In our opinion, the other terms and conditions, wherever stipulated
on which the loans were received is not prima facie, prejudicial to the
interest of the Company.
(g) There is no overdue amount of loans taken from the parties listed
in the register maintained under Section 301 of the Companies Act,
1956.
4. 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 for the
purchase of fixed assets & for the sale of services. The Company has
neither purchase any inventory nor sold any inventory. During the
course of our audit, we have not observed any major weaknesses in
internal control system.
5. According to the information and explanations given to us by the
management, there are no transactions that needed to be entered into
the register maintained under Section 301 of the Companies Act, 1956.
6. In our opinion and according to the information and explanations
given to us, the Company has not accepted any deposits to which the
provision of section 58A, 58AA or any other relevant provisions of the
Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules,
1975 apply.
7. The Company does not have a formal system of internal audit, but
there are adequate checks & controls at all level.
8. The provisions of sec. 209(1) (d) of the Companies Act, 1956
regarding maintenance of Cost records is not applicable to the Company.
9. According to the information and explanations given to us and
the records examined by us, there were no undisputed amounts payable by
the Company in respect of Wealth Tax, Sales Tax, Income Tax, Customs
Duty & Excise Duty except a sum of Rs.6258/- towards TDS payable which
have remained outstanding as at 31st March, 2013 for a period exceeding
six months from the date it became payable.
10. The accumulated losses as at the end of the financial year are
less than 50 % of net worth of the Company. The Company has not
incurred cash losses during the financial year covered by our audit &
in the immediately preceding financial year.
11. The Company has not taken any loans from financial institution or
bank or through issue of debentures. Accordingly, clause 4(xi) of the
Order is not applicable.
12. The Company has not granted any loans and advances on the basis of
security by way of pledge of shares, debentures and other securities.
13. The Company is not a chit fund or a nidhi/mutual benefit
fund/society.
14. The Company is not dealing in shares and other investments.
Therefore, provisions of clause 4(xiv) of CARO, 2003 are not applicable
to the Company.
15. In our opinion, the Company has not given any guarantee for loans
taken by others from bank or financial institutions.
16. The Company has not raised any term loan during the year and hence
clause 4 (xvi) of the Order is not applicable.
17. According to the information & explanations given to us & on an
overall examination of balance sheet of the Company, we report that
funds raised on short-term basis have not been used for long-term
investment.
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 Act.
19. The Company did not have any outstanding debentures during the
year.
20. The Company has not raised any money by way of public issues
during the year.
21. According to the information and explanations given to us, no
fraud on or by the Company has been noticed or reported during the
year.
For K K Khadaria & CO
Chartered Accountants
Firm Regn No: 105013W
Place : Mumbai
Dated : 30th May, 2013 Sd/-
Rohit Beswal
Partner
Mem. No: 418101
Mar 31, 2012
1. We have audited the attached Balance Sheet of THE HINGIR RAMPUR
COAL COMPANY LIMITED ("Company"), as at 31st March, 2012 and also the
Profit and Loss Account and 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 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 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
section 227 of the Companies Act, 1956, and on the basis of such checks
of the books and records as we considered necessary and appropriate and
according to the information and explanations given to us during the
course of the audit, 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, and as per the information and explanations given
to us, proper books of account have been kept by the Company so far as
appears from our examination of the books.
iii) The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account.
iv) In our opinion the Balance Sheet and Profit and 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 the representations received from the Directors, we
report that these Directors are not disqualified as at 31st March 2012
from being reappointed as Directors under section 274(1)(g) of the
Companies Act, 1956.
vi) During the year the company has transferred the balance between
some other party accounts without any documentary evidence. This
coupled with non-availability of confirmation from such parties for
their year-end balances, we are unable to vouch for the correctness of
the entries made in these parties accounts and consequently unable to
express any opinion about the correctness of the year end balances of
these parties and also the reasonability of the income disclosed by the
company.
vii) We have not Act, been able to verify the Register to be maintained
u/s 301 of the Companies 1956 as the same was not furnished to us.
Hence we are unable to express any opinion on the same and the various
clauses in the annexure to this report.
5. Subject to the matter referred to in Paragraph 3 & 4 and its effect
on the accounts of the Company as indicated above, 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 31st March, 2012; and
b) in the case of the Profit and Loss Account, of the Loss for the year
ended on that date.
ANNEXURE TO THE AUDITORS' REPORT (REFERRED TO IN PARAGRAPH 3 OF OUR
REPORT OF EVEN DATE)
1. The Company does not have any fixed assets.
2. The Company did not have any inventory of finished goods, stores,
spare parts and raw materials, during the year. In the absence of any
stocks and any activity relating to inventory, the clauses relating to
its physical verification, procedures, maintenance of records and
discrepancies are not applicable.
3. As mentioned in the clause 4(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, and hence
we are unable to express any opinion on the loans granted to/ taken
from parties disclosed u/s. 301 of the Companies Act, 1956.
4. In our opinion and according to the information and explanations
given to us, there are adequate internal control procedures
commensurate with the size of the Company and nature of its business,
for purchases of fixed assets. The Company has not carried any activity
involving purchase of inventory and sale of goods. We have not noted
any continuing failure to correct major weakness in the internal
controls during the course of the audit.
5. As mentioned in the clause 5(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, hence we
are unable to express any opinion about transactions that need to be
entered into the register maintained u/s. 301 of the Companies Act,
1956.
6. The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956 and the
rules framed thereunder are not applicable.
7. The Company did not have an internal audit system during the year
under report.
8. The Central Government has not prescribed the maintenance of cost
records under clause (d) of sub section (1) of section 209 of the
Companies Act, 1956 in respect of services rendered by the Company.
9. a) (i) According to the information and explanations given to us,
and on the basis of our examination of the books of account, the
Company has been generally regular in depositing with appropriate
authorities undisputed statutory dues including Income Tax and other
material statutory dues applicable to it.
(ii) According to the information and explanations given to us, the
Company was not liable for contribution towards Provident Fund,
Investor Education and Protection Fund, Employees' State Insurance,
Sales Tax and Wealth Tax, Custom Duty, Excise Duty, and Cess during the
year.
(iii) According to the records of the Company there are no undisputed
arrears of statutory dues, which were outstanding as on 31st March,
2012 for a period of more than six months from the date they become
payable.
b) According to the records of Company examined by us, there were no
dues of Sales Tax, Customs Duty, Wealth Tax and Cess which have not
been deposited on account of any dispute.
10. There are no accumulated losses exceeding fifty percent of the net
worth of the Company at the end of the financial year. The Company has
incurred cash losses during the reporting financial year and the
preceding financial year.
11. The Company has neither taken any loans from a financial
institution or a bank nor issued any debentures.
12. The Company has not granted loans and advances on the basis of
security by way of pledge of shares, debentures and other securities.
13. In our opinion and according to information and explanations given
to us, the nature of activities of the Company does not attract any
special statute applicable to chit fund and nidhi/mutual benefit
fund/societies.
14. According to the information and explanations given to us, the
Company is not dealing in shares, securities, debentures and other
investments.
15. The Company has not given any guarantee for loans taken by others
from bank or financial institutions.
16. The Company has not obtained any new term loans during the
financial year.
17. The company has raised funds on during the financial year by way
of issue of 17,10,000 equity shares of Rs. 10 each at a premium of Rs.
50/- per share.
18. As mentioned in the clause 5(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, hence we
are unable to verify whether the Company has made any preferential
allotment of shares to parties and companies covered in the register
maintained under section 301 of the Act.
19. The Company has not issued any debentures. So the clause for
creation of securities in respect of debentures is not applicable to
the Company.
20. The Company has not raised any money by public issues during the
year. So the clause for disclosure on the end use of money raised by
public issues and its verification is not applicable to the Company.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, nor have been informed of any such case by
the management.
Sd/-
For BHANGARIA & Co., Nikunj G. Bhangaria
Chartered Accountants Proprietor
F.R.No. 129105W M.No. 121369
PLACE : MUMBAI
DATED : 30th August, 2012
Mar 31, 2010
1. We have audited the attached Balance Sheet of THE HINGIR RAMPUR
COAL COMPANY LIMITED ("Company"), as at 31st March, 2010 and also the
Profit and Loss Account and te Cash Flow Statement for the year ended
on that date annexed thereto. These financial statements are the
responsibility of the 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 misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides 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 the Companies Act, 1956, and on the basis of such checks
of the books and records as we considered necessary and appropriate and
according to the information and explanations given to us during the
course of the audit, 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, and as per the information and explanations given
to us, proper books of account have been kept by the Company so far as
appears from our examination of the books.
iii) The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account.
iv) In our opinion, the, the Balance Sheet and Profit and 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 the representations received from the Directors, we
report that these Directors are not disqualified as at 31st March 2010
from being reappointed as Directors under section 274(1 )(g) of the
Companies Act, 1956.
vi) During the year the company has transferred the balance between
other party accounts without any documentary evidence. This, coupled
with non- availability of confirmation from the parties for their
year-end balances, we are unable to vouch for the correctness of the
entries made in these parties accounts and consequently unable to
express any opinion about the correctness of the year end balances of
these parties.
vii) We have not been able to verify the Register to be maintained u/s
301 of the Companies Act, 1956 as the same was not furnished to us.
Hence we are unable to express any opinion on the same and the various
clauses in the annexure to this report.
5. Subject to the matter referred to in Paragraph 4 and its effect on
the accounts of the Company as indicated above, 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 31st March, 2010; and
b) in the case of the Profit and Loss Account, of the Loss for the year
ended on that date.
ANNEXURE TO THE AUDITORS REPORT (REFERRED TO IN PARAGRAPH 3 OF OUR
REPORT OF EVEN DATE)
1. The Company does not have any fixed assets.
2. The Company did not have any inventory of finished goods, stores,
spare parts and raw materials, during the year. In the absence of any
stocks and any activity relating to inventory, the clauses relating to
its physical verification, procedures, maintenance of records and
discrepancies are not applicable.
3. As mentioned in the clause 4(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, and hence
we are unable to express any opinion on the loans granted to/ taken
from parties disclosed u/s. 301 of the Companies Act, 1956.
4. In our opinion and according to the information and explanations
given to us, there are adequate internal control procedures
commensurate with the size of the Company and nature of its business,
for purchases of fixed assets. The Company has not carried any activity
involving purchase of inventory and sale of goods. We have not noted
any continuing failure to correct major weakness in the internal
controls during the course of the audit.
5. As mentioned in the clause 5(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, hence we
are unable to express any opinion about transactions that need to be
entered into the register maintained u/s. 301 of the Companies Act,
1956.
6. The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956 and the
rules framed thereunder are not applicable.
7. The Company did not have an internal audit system during the year
under report.
8. The Central Government has not prescribed the maintenance of cost
records under clause (d) of sub section (1) of section 209 of the
Companies Act, 1956 in respect of services rendered by the Company.
9. a) (i) According to the information and explanations given to us,
and on the basis of our examination of the books of account, the
Company has been generally regular in depositing with appropriate
authorities undisputed statutory dues including Income Tax and other
material statutory dues applicable to it.
(ii) According to the information and explanations given to us, the
Company was not liable for contribution towards Provident Fund,
Investor Education and Protection Fund, Employees State Insurance,
Sales Tax and Wealth Tax, Custom Duty, Excise Duty, and Cess during the
year.
(iii) According to the records of the Company there are no undisputed
arrears of statutory dues, which were outstanding as on 31st March,
2010 for a period of more than six months from the date they become
payable, except an amount of Rs. 1,13,394/- on account of income tax
for financial year 2007-08, and an amount of Rs. 6,761/- being Unpaid
Dividend (1998-99) has not been transferred to Investor Education and
Protection Fund.
b) According to the records of Company examined by us, there were no
dues of Sales Tax, Customs Duty, Wealth Tax and Cess which have not
been deposited on account of any dispute.
10. There are no accumulated losses exceeding fifty percent of the net
worth of the Company at the end of the financial year. The Company has
incurred cash losses during the current financial year and the
preceding financial year.
11. The Company has neither taken any loans from a financial
institution or a bank nor issued any debentures.
12. The Company has not granted loans and advances on the basis of
security by way of pledge of shares, debentures and other securities.
13. In our opinion and according to information and explanations given
to us, the nature of activities of the Company does not attract any
special statute applicable to chit fund and nidhi/mutual benefit
fund/societies.
14. According to the information and explanations given to us, the
Company is not dealing in shares, securities, debentures and other
investments.
15. The Company has not given any guarantee for loans taken by others
from bank or financial institutions.
16. The Company has not obtained any new term loans during the
financial year.
17. The company has not raised any funds on short term/long term basis
during the financial year.
18. As mentioned in the clause 5(vii) of the Audit Report, we have not
been able to verify the register to be maintained u/s. 301, hence we
are unable to verify whether the Company has made any preferential
allotment of shares to parties and companies covered in the register
maintained under section 301 of the Act.
19. The Company has not issued any debentures. So the clause for
creation of securities in respect of debentures is not applicable to
the Company.
20. The Company has not raised any money by public issues during the
year. So the clause for disclosure on the end use of money raised by
public issues and its verification is not applicable to the Company.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, nor have been informed of any such case by
the management.
For BHANGARIA & Co. ,
Chartered Accountants
NIKUNJ G. BHANGARIA
PROPRIETOR
M. No. 121369
PLACE : MUMBAI
DATED : 25th August 2010
Mar 31, 2009
1. We have audited the attached Balance Sheet of The Hingir Rampur
Coal Company Limited as at 31st March 2009, the related Profit and Loss
Account annexed thereto and the Cash Flow Statement for the year ended
on that date, which we have signed under reference to this report.
These financial statements are the responsibility of the management of
the company. 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 These 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 over all 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
(hereinafter the Order) issued by the Central Government in terms of
section 227 (4A) of the Companies Act, 1956 (the Act) and on the
basis of such checks as we considered appropriate and according to the
information and explanations given to us, we set out 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:
(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 appears from our examination of
those books;
(c) The Balance Sheet, Profit and Loss Account 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, Profit and Loss Account and the
Cash Flow Statement dealt with by this report comply with the
applicable accounting standards referred to in section 211 (3C) of the
Act;
(e) On the basis of written representations received from the Directors
as on 31stMarch, 2009 and taken on record by the Board of Directors of
the company, none of the Directors is disqualified as no 31st March
,2009 from being appointed as a Director in terms of section 274 (1)
(g) of the Act;
(f) 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:
(i) in the case of the Balance Sheet, of the statement of affairs of
the company as at 31st March, 2009,
(ii) in the case of the Profit and Loss Account, of the loss for the
year ended 31st March ,2009, and
(iii) in the case of the cash Flow Statement, of the cash flows for the
year ended 31st March, 2009.
ANNEXURE TO THE AUDITORS REPORT
(Referred to in paragraph 3 of our report of even date)
(i) The company has no fixed assets.
(ii) During the year, the company did not hold any stock of finished
goods, stores, spare parts and raw materials, and hence, we have no
comments to offer on the physical verification, valuation and internal
control procedures and determination of unserviceable or damaged items.
(iii) The company has neither granted nor taken any loans, secured or
unsecured, to / from companies, firms or other parties listed in the
register maintained under section 301 of the Act.
(iv) The internal control procedures of the company are generally
adequate having regard to the size of the company and the nature of its
business for purchase of fixed assets. The company has not purchased
any stores and raw materials including components during the year.
(v) In our pinion and according to the information and explanation
given to us, there were no transactions during the year that need to be
entered into the Register maintained under section 301 of the Act.
(vi) The company has not accepted any deposits from the public within
the meaning of directives issued by Reserve Bank of India and the
provisions of sections 58A and 58AA of the Act and the Companies
(Acceptance of Deposits) Rules, 1975 .
(vii) We are not required to comment on the internal audit system of
the company as the paid up share capital and average annual turnover of
the company is less than the prescribed limit.
(viii) The Central Government has not prescribed maintenance of cost
records under section 209(1) (d) of the Companies Act 1956 for any of
the activities of the company.
(ix) (a) According to the information and explanations given to us and
according to the books and records as produced and examined by us, in
our opinion, the undisputed statutory dues in respect of provident
fund, investors education and protection fund, employees, state
insurance, income tax, sales tax, wealth tax, customs duty, excise
duty, cess and other statutory dues as applicable, have generally been
regularly deposited by the company during the year with the appropriate
authorities in India There were no arrears as at 31st March 2009 of
undisputed amount which were due for a period of more than six months
from the date they became payable except an amount of Rs. 1,13,394/-
on account of income tax for previous year and amount of Rs. 6761/-
being Unpaid Dividend (1998-99) has not been transferred to Investor
Education and Protection Fund.
(b) At the last day of the financial year, according to the records of
the company and the information and explanations given to us, there
were no dues of income tax, sales tax, excise duty, custom duty, wealth
tax and cess which have not been deposited on account of any dispute.
(x) There are no accumulated losses exceeding fifty percent of the net
worth of the company at the end of the financial year. The company has
incurred cash losses during the current financial year but there was
cash profit in the immediately preceding financial year.
(xi) According to the records of the company examined by us and the
information and explanations given to us, the company has no dues to
financial institutions and banks.
(xii) The company has not granted any loans and advances on the basis
of security by way of pledge of shares, debentures and other
securities.
(xiii) The provision 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 explanation
given to us, during the year the company has not traded in securities.
(xv) The company has not given any guarantee for loans taken by others
from bank or financial institutions.
(xvi) The company has not obtained any term loans during the year.
(xvii) On the basis of an overall examination of the balance sheet of
the company, in our opinion and according to the information and
explanations given to us, there are no funds raised on a short-term
basis which have been used for long-term investment.
(xviii) The company has not made any preferential allotment of shares
to parties and companies covered in the Register maintained under
section 301 of the Act during the year.
(xix) The company has not issued any debentures during the year.
(xx) The company has not raised any money by public issue during the
year.
(xxi) During the course of our examination of the books and records of
the company. carried out in accordance with the generally accepted
auditing practices in India. and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the company, nor have been informed of any such case by
the management.
For GAGRANI & ASSOCIATES
Chartered Accountants
(Anurag R. Gupta)
Place: Mumbai Partner
Date : 24.08.2009 Membership No. : 108677