Mar 31, 2015
We have audited the accompanying standalone financial statements of
INTEGRA TELECOMMUNICATION & SOFTWARE LIMITED which comprise the balance
sheet as at 31st March 2015, the statement of Profit & Loss account and
cash flow statement for the year ended and a summary of significant
accounting policies and other explanatory information.
Management's Responsibility for the Standalone Financial Statements
The Company's Board Of Directors is responsible for the matters states
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, the financial
performance and cash flows of the company in accordance with the
accounting principles generally accepted in India, including the
accounting principles specified under section 133 of the act, read with
rule 7 of the Companies (Accounts) Rules, 2014. This responsibility
also includes the 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 the frauds and other
irregularities , selection and application of appropriate accounting
policies, making judgments and estimates that are reasonable and
prudent and design , implementation and maintenance of adequate
internal financial controls , that were operating effectively for
ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from any
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 policies 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 to
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 amount and disclosures in the financial statements. The procedures
selected depend upon the auditor's judgment, including the assessments
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 the 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 control
system over financial reporting and the operating effectiveness of such
controls. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of the accounting
estimates made by the company's directors as well as 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 aforesaid financial statements give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India,
(1) In the case of the Balance Sheet, of the state of affairs of the
company as at 31st March, 2015;
(2) In the case of Statement of Profit and Loss, Loss of the Company
and its Cash Flows for the year ended on 31st March 2015. Report on
Other Legal and Regulatory Requirements
1. As required by the Companies ( Auditor's Report) Order 2015( "the
order") issued by the Central Government of India in terms of the sub
section (11) of the section 143 of the Act, we give in the annexure a
statement on the matters specified in the paragraph 3 and 4 of the
order, to the extent applicable.
2. As required by section 143(3), we report that:
a. We have sought and obtained all the information and explanations
which to the best of our knowledge and belief were necessary for the
purpose of our audit;
b. In our opinion, proper books of accounts as required by the law have
been kept by the company so far as it appears from our examination of
those books;
c. The Balance sheet, the statements of profit and loss and the cash
flow statements dealt with by this report are in agreement with the
books of accounts;
d. In our opinion, the aforesaid standalone financial statements comply
with the accounting standards as specified under section 133 of the
Act, read with Rule 7 of the Companies (Accounts) Rules 2014;
e. On the basis of the written representations received from the
directors as on 31st March, 2015 taken on the record by the Board of
Directors , none of the directors is disqualified as on 31st March 2015
for being appointed as the director in terms of section 164(2) of the
Act, and.
f. With respect to the other matters to be included in the auditor's
report in accordance with Rule 11 of the Companies (Audit and
Auditor's) Rules 2014, in our opinion and to the best of the
information and according to the explanations given to us, there is no
disclosure requirement by the company and its financial statements.
ANNEXURE TO THE INDEPENDENT ADUITOR'S REPORT OF EVEN DATE OF THE
AUDITOR'S TO THE MEMBERS OF INTEGRA TELECOMMUNICATIONS & SOFTWARE
LIMITED, NEW DELHI FOR THE YEAR ENDED ON 31ST MARCH 2015
The annexure referred to in our independent auditors report to the
members of the company on the standalone financial statements for the
year ended 3151 March 2015, we report that:
i. a. The company has maintained proper records showing full
particulars, including quantities, details and situation of fixed
assets. b. The company has a regular programme of physical
verification of its assets by which the assets of the company are
verified from time to time, in accordance with this programme, certain
fixed assets were verified during the year and no material
discrepancies were noticed on such verification is reasonable having
regard to the size of the company and the nature of its assets.
ii. a. The company is dealing in trading of software and physical
verification of the inventory has been conducted at reasonable
intervals by the management.
b. The procedures of physical verification of inventory is followed by
the management is reasonable and adequate in relation to the size of
the company and nature of its business.
c. 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
any companies, firms or other parties covered in the register
maintained under section 189 of the Companies act 2013("the act")
b. Since the company has not granted any loans secured or unsecured
companies, firms or other parties covered in the register maintained
under section 189 of the Companies Act, 2013("the act") clause iii
(b) of the order is not applicable.
c. Since the company has not granted any loans secured or unsecured
companies, firms and other parties covered in the register maintained
under section 189 of the companies act 2013, ("the act") clause
(iii)(c) of the order is not applicable.
iv. In our opinion and according to the information and explanations
given to us, there is an adequate internal control system com-
mensurate with the size of the company and the nature of its business
with regard to purchase of fixed assets and trading of good.
v. The company has not accepted any deposits from the public.
vi. The Central government has not prescribed the maintenance of cost
records under section 148(1) of the act for business done by the
company.
vii. a. According to the information and explanations given to us and
on the basis of the records of the company, amounts deducted/ accrued
in the books accounts in respect of undisputed statutory dues including
provident fund, income tax, sales tax, wealth tax, service tax, duty of
customs, value added tax, cess and other material statutory dues have
been regularly deposited by the company with the appropriate
authorities. As explained to us, the company did not have any dues on
account of employee's state insurance and excise duty.
According to the information and explanations given to us, no
undisputed amounts payable in respect of provident fund, income tax,
sales tax, wealth tax, service tax, duty of customs, value added tax,
cess and other material statutory dues as at 31st March 2015 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 material dues of wealth tax, service tax, custom duty and cess which
have not been deposited with the appropriate authorities on account of
any dispute.
c. According to the information given to us there is no amount which is
required to be transferred to the investor education and protection
fund in accordance with the relevant provisions of the companies act
2013 and rules there under.
viii. The company have accumulated losses of Rs. 3060659.78 at the end
of the financial year under review and has not incurred cash losses in
the financial year and preceding financial year.
ix. The company did not have any outstanding dues to financial
institutions, banks or debenture holders during the year.
x. In our opinion and according to the information given to us, the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
xi. The company does not have any terms loans outstanding for the year.
xii. According to the information and explanations given to us, no
material fraud on or by the company has been noticed or reported during
the course of audit.
FOR SARIKA & CO.
CHARTERED ACCOUNTANTS
Firm Registration No. 015306C
Sd/-
( Sarika Prasad )
Proprietor
Dated : 19th June, 2015 FCA
Place : New Delhi Membership No.: 405313
Mar 31, 2014
1 We have audited the attached Balance Sheet of INTEGRA
TELECOMMUNICATION & SOFTWARE UMITED as at 31st March 2014 & also the
Profit & Loss Account for the year ended on that date annexed thereto.
These Financial Statements are the respon- sibility of the Company''s
Management. Our responsibility is to express an opinion on these
Financial Statements.
2 We conducted out audit in accordance with auditing standards
generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of ''f'' audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial also includes assessing the accounting principles used and
significant estimates made by the management, as well as evaluating the
overall financial statement presentations. 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 m (4A) of section 227 of the Companies
Act, 1956 and on the basis of such checks of the books and records on
the considered appropriate and according to the information and
explanations given to us we given in the annexure a statement o matters
specified in the paragraph 4 & 5 of the said order.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we state 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 examina- tion of the
books.
c. The Balance Sheet and the Profit & Loss Account dealt with by this
report are in agreement with the books of account.
d. In our opinion the Profit & Loss Account & the Balance Sheet dealt
with the report comply with the Accounting standards referred to in
Sub-Sec.(3C) of Sec. 211 of the Companies Act, 1956.
e On the basis of the written representation received from the
Directors as on 31" March 2014, & taken on record by the Board of
Directors we mport that none of the Directors is disquaiihed as on 31st
March 2014 from being appointed as a Director m terms of clause (g) of
sub-section (1) of the Section 274 of the Companies Act, 1956.
f In our Opinion to the best of our information and according to the
explanations given to us, the said ^ to accounts give the information
required by the Companies Act. 1966, in the manner so required and give
true and fair view in conformity with the accounting principles
generally accepted in India.
i. In the case of the Balance Sheet of the state of the affairs of
Company as at 31st March 2014 ; and
ii. In the Case of the Profit & Loss Account of the LOSS of the Company
for the year ended on that date.
(c) The company has not disposed of Subs.ant,al part of Fixed Assets
business.
(c, The company has maintained proper BooX records of inventories,
L) The company has neither granted nor. the order, are not applicable.
intenal control Systems com- The centra, Government has not
prescribed maintenance of cost Records in respect of this Company.
Provident Fund Investor Education and Protection
9) According to the records of us, no undisputed amount paya -
navable except fringe Benefit Tax. According to the securities.
nmvisions of clause 4 (xiii) of the Company not a Chit Fund nor a
Nidhi Mutual Benefitfund/society. There ore, nielc AuXs Report) order,
2003 are not applicable to the Company.
14) The Company is not dealing or trading in shares, debentures,
securities, or 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 taken any term loan from any financial
institution.
17) 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 investments conversely no long term funds raised
have been used for short term investments.
18) During the year, the Company has not made any preferential
allotment of shares to parties and Companies covered in the Register
maintained u/s 301 of the Companies Act, 1956. Hence clause 4 (xviii)
of the order is not applicable.
19) The Company has not issued any debentures during the year.
Therefore, the provisions of clause 4 (xix) of the Companies (Audi-
tor''s Report) order, 2003 are not applicable to the Company.
20) The Company has not raised money by way of public issue during the
year. Therefore, the provisions of clause 4 (xx) of the Com- panies
(Auditor''s Report) order, 2003 are not applicable to the Company.
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 SARIKA & CO.
CHARTERED ACCOUNTANTS
Firm Registration No. 015306C
Sd/-
(Sarika Prasad)
Proprietor
Dated : 03rd September, 2014 Membership No.: 405313
Place : New Delhi
Mar 31, 2013
1. We have audited the attached Balance Sheet of INTEGRA
TELECOMMUNICATION & SOFTWARE LIMITED as at 31 St March 2013 & also the
Profit & Loss Account 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.
2. We conducted out audit in accordance with auditing standards
generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentations. 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 Governmcn* 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 of the Company as we considered appropriate
and according to the information and explanations given to us we given
in the annexure a statement on the matters specified in the paragraph 4
& 5 of the said order.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we slate that:
We have obtained all the information and explanations which to the best
of our knowledge and belief were accessary for the purposes of our
audit.
b. In our opinion proper books of account as required by law have been
proy the Company so far as appears from our examination of the books.
c. The Balance Sheet and the Profit & Loss Account dealt with by this
report are in agreement with the honk.-, of account.
d. In our opinion the Profit & Loss Account & the Balance Sheet dealt
with the report comply with the Accounting standards referred to in
Sub-Sec.(3C) of Sec. 211 of the Companies Act, l**f>6.
e. On the basis of the written representation received from the
Directors as on 31sl March 2013, & 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 the Section 274 of the Companies Act, 1956.
f. In our Opinion to the best of our information and according to the
explanations given to us, the said accounts subject to Notes to
accounts give the information requireds by the Companies Act. 1956, in
the manner so required and give true and fair view in conformity with
the accounting principles generally accepted in India :
i. In the case of the Balance Sheet of the state of the affairs of
Company as at 31st March 2013 ; and
ii. In the Case of the Profit & Loss Account of the PROFIT of the
Company for* the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 1 OP THE REPORT OF EVEN DATfe Of
THE AUDITORS TO THE MEMBERS OF INTEGRA TELECOMMUNICATIONS & SOFTWARE
LIMITED, NEW DELHI FOR THE YEAR ENDED ON 31st MARCH.2013.
1) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) As explained to us, the fixed assets have been physically verified
by the Management during the year in a phased periodical manner, which
in our opinion is reasonable, having regard to the size of the Company
and nature of its assets. No material discrepancies were noticed on
such physical verification.
(c) The Company has not disposed of Substantial part of Fixed Assets
during the year and the going concern status of the Company is not
changed.
2) (a) As explained to us, inventories have been physically verified by
the management at regular intervals during the year
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business
(c) The Company has maintained proper Book records of inventories.
3) The Company has neither granted nor taken any Loans, Secured or
Unsecured to/ from Companies, firms or other parties covered in the
Register maintained under sec. 301 of the Companies Act. In the cases
oi unsecured loans taken from the directors and their relatives covered
in the register maintained under section 301 of the Act, the rate of
interest and other terms & conditions are not prima facie prejudicial
to the interest of the Company. Accordingly the paragraph 4 (Hi) (b) to
4(iii)(dJ and 4(iii)(f) to 4(iii) (g) of the order, are not applicable.
4) In our opinion and according to the information and explanations
given to us, there are adequate internal control Systems commensurate
with the size of the Company and the nature of its business for the
purchase of inventory, fixed assets and for the sale of goods and
service. During the course of our audit, we have not observed any major
weakness in internal controls.
5) In our opinion and according to the information and explanations
given to us, there are no transactions made in pursuance of contracts
or arrangements, that need to be entered into the register maintained
under Section 301 of the Companies Act, 1956.
6) The Company has not accepted any deposits from the Public within the
meaning of Section 58A and 58AA or any other relevant provisions and
the rules framed there under.
7) In our opinion the Company has an internal Audit system is
Commensurate with the size & nature of its business.
8) The Central Government lias not prescribed maintenance of Cost
Records under Section 209 (1) (d) of the Companies Act, 1956 in respect
of this Company.
9) According to the records of the Company, undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees State Insurance, Income Tax, Wealth Tax, Sales Tax, Custom
Duty, Excise duty, Cess and other statutory dues have been generally
regularly deposited with the appropriate authorities. According to the
information and explanations given to us, no undisputed amount payable
in respect of the aforesaid dues were outstanding as at Hist March,
2013, for a period of more than six months from the date of becoming
payable except fringe Benefit Tax.
10) The Company does not have accumulated losses at 31st March''2013aud
has not incurred any Cash losses during the financial year covered by
our audit or in the immediately preceding financial year.
11) According to the records of the Company examined by us and the
information and explanations given to us, the Company, has not
defaulted in- repayment of its dues to any financial institution or
bank as at the Balance Sheet date.
12) The Company has not granted any loans & advances on the basis of
Security by way of pledge of shares, debentures and other securities.
13) The Company is not a Chit Fund nor a Nidhi Mutual Benefit fund/
society. Therefore, the provisions of clause 4 (xiii) of the Companies
(Auditors Report) order, 2003 are not applicable to the Company.
14) The Company is not dealing or trading in shares, debentures,
securities, or 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 taken any term loan from any financial
institution.
17) our opinion and according lo the information and explanations
j*jve:ii 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 investments conversely no long term funds
raised have been used for short term investments. ) During the year,
the Company has not made any preferential allotment of shares lo
parties and Companies covered in the Register maintained u/s 301 of the
Companies Act, 1956. Hence clause 4 (xviii) of the order is not
applicable.
19) The Company has not issued any debentures during the year.
Therefore, the provisions of clause 4 (xix) of the Companies (Auditor''s
Report) order, 2003 are not applicable to the Company.
20) The Company has not raised money by way of public issue during the
year. Therefore, the provisions of clause 4 (xx) of the Companies
(Auditor''s Report) order, 2003 are not applicable to the Company.
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.
DATED: 23rd May, 2013
PLACE: New Delhi. FOR SARIKA & CO.
CHARTERED ACCOUNTANTS
Firm Registration No. 0153061
Proprietor
FCA
Membership No : 405313
Mar 31, 2012
1. We have audited the attached Balance Sheet of INTEGRA
TELECOMMUNICATION & SOFTWARE LIMITED as at 31 St March 2012 & also the
Profit & Loss Account 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.
2. We conducted out audit in accordance with auditing standards
generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentations. 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 Governmcn* 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 of the Company as we considered appropriate
and according to the information and explanations given to us we given
in the annexure a statement on the matters specified in the paragraph 4
& 5 of the said order.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we slate that:
We have obtained all the information and explanations which to the best
of our knowledge and belief were accessary for the purposes of our
audit.
b. In our opinion proper books of account as required by law have been
proy the Company so far as appears from our examination of the books.
c. The Balance Sheet and the Profit & Loss Account dealt with by this
report are in agreement with the honk.-, of account.
d. In our opinion the Profit & Loss Account & the Balance Sheet dealt
with the report comply with the Accounting standards referred to in
Sub-Sec.(3C) of Sec. 211 of the Companies Act, l**f>6.
e. On the basis of the written representation received from the
Directors as on 31sl March 2013, & 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 the Section 274 of the Companies Act, 1956.
f. In our Opinion to the best of our information and according to the
explanations given to us, the said accounts subject to Notes to
accounts give the information requireds by the Companies Act. 1956, in
the manner so required and give true and fair view in conformity with
the accounting principles generally accepted in India :
i. In the case of the Balance Sheet of the state of the affairs of
Company as at 31st March 2013 ; and
ii. In the Case of the Profit & Loss Account of the PROFIT of the
Company for* the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 1 OP THE REPORT OF EVEN DATfe Of
THE AUDITORS TO THE MEMBERS OF INTEGRA TELECOMMUNICATIONS & SOFTWARE
LIMITED, NEW DELHI FOR THE YEAR ENDED ON 31st MARCH.2013.
1) (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) As explained to us, the fixed assets have been physically verified
by the Management during the year in a phased periodical manner, which
in our opinion is reasonable, having regard to the size of the Company
and nature of its assets. No material discrepancies were noticed on
such physical verification.
(c) The Company has not disposed of Substantial part of Fixed Assets
during the year and the going concern status of the Company is not
changed.
2) (a) As explained to us, inventories have been physically verified by
the management at regular intervals during the year
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business
(c) The Company has maintained proper Book records of inventories.
3) The Company has neither granted nor taken any Loans, Secured or
Unsecured to/ from Companies, firms or other parties covered in the
Register maintained under sec. 301 of the Companies Act. In the cases
oi unsecured loans taken from the directors and their relatives covered
in the register maintained under section 301 of the Act, the rate of
interest and other terms & conditions are not prima facie prejudicial
to the interest of the Company. Accordingly the paragraph 4 (Hi) (b) to
4(iii)(dJ and 4(iii)(f) to 4(iii) (g) of the order, are not applicable.
4) In our opinion and according to the information and explanations
given to us, there are adequate internal control Systems commensurate
with the size of the Company and the nature of its business for the
purchase of inventory, fixed assets and for the sale of goods and
service. During the course of our audit, we have not observed any major
weakness in internal controls.
5) In our opinion and according to the information and explanations
given to us, there are no transactions made in pursuance of contracts
or arrangements, that need to be entered into the register maintained
under Section 301 of the Companies Act, 1956.
6) The Company has not accepted any deposits from the Public within the
meaning of Section 58A and 58AA or any other relevant provisions and
the rules framed there under.
7) In our opinion the Company has an internal Audit system is
Commensurate with the size & nature of its business.
8) The Central Government lias not prescribed maintenance of Cost
Records under Section 209 (1) (d) of the Companies Act, 1956 in respect
of this Company.
9) According to the records of the Company, undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees State Insurance, Income Tax, Wealth Tax, Sales Tax, Custom
Duty, Excise duty, Cess and other statutory dues have been generally
regularly deposited with the appropriate authorities. According to the
information and explanations given to us, no undisputed amount payable
in respect of the aforesaid dues were outstanding as at Hist March,
2013, for a period of more than six months from the date of becoming
payable except fringe Benefit Tax.
10) The Company does not have accumulated losses at 31st March''2013aud
has not incurred any Cash losses during the financial year covered by
our audit or in the immediately preceding financial year.
11) According to the records of the Company examined by us and the
information and explanations given to us, the Company, has not
defaulted in- repayment of its dues to any financial institution or
bank as at the Balance Sheet date.
12) The Company has not granted any loans & advances on the basis of
Security by way of pledge of shares, debentures and other securities.
13) The Company is not a Chit Fund nor a Nidhi Mutual Benefit fund/
society. Therefore, the provisions of clause 4 (xiii) of the Companies
(Auditors Report) order, 2003 are not applicable to the Company.
14) The Company is not dealing or trading in shares, debentures,
securities, or 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 taken any term loan from any financial
institution.
17) our opinion and according lo the information and explanations
j*jve:ii 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 investments conversely no long term funds
raised have been used for short term investments. ) During the year,
the Company has not made any preferential allotment of shares lo
parties and Companies covered in the Register maintained u/s 301 of the
Companies Act, 1956. Hence clause 4 (xviii) of the order is not
applicable.
19) The Company has not issued any debentures during the year.
Therefore, the provisions of clause 4 (xix) of the Companies (Auditor''s
Report) order, 2003 are not applicable to the Company.
20) The Company has not raised money by way of public issue during the
year. Therefore, the provisions of clause 4 (xx) of the Companies
(Auditor''s Report) order, 2003 are not applicable to the Company.
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.
DATED: 23rd May, 2012
PLACE: New Delhi. FOR SARIKA & CO.
CHARTERED ACCOUNTANTS
Firm Registration No. 0153061
Proprietor
FCA
Membership No : 405313
Mar 31, 2011
1. We have audited the attached Balance Sheet of INTEGRA
TELECOMMUNICATION & SOFTWARE LIMITED as at 31st March 2011 & also the
Profit & Loss Account 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.
2. We conducted out audit in accordance with auditing standards
generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentations. 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 of the Company as we considered appropriate
and according to the information and explanations given to us we given
in the annexure a statement on the matters specified in the paragraph 4
& 5 of the said order.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we state 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 the
books.
c. The Balance Sheet and the Profit & Loss Account dealt with by this
report are in agreement with the books of account.
d. In our opinion the Profit & Loss Account & the Balance Sheet dealt
with the report comply with the Accounting standards referred to in
Sub-Sec.(3C) of Sec. 211 of the Companies Act, 1956.
e. On the basis of the written representation received from the
Directors as on 31st March 2011, & taken on record by the Board of
Directors, we report that none of the Directors is disqualified as on
31st March 2011 from being appointed as a Director in terms of clause
(g) of sub-section (1) of the Section 274 of the Companies Act, 1956.
f. In our Opinion to the best of our information and according to the
explanations given to us, the said accounts subject to Notes to
accounts give the information required by the Companies Act. 1956, in
the manner so required and give true and fair view in conformity with
the accounting principles generally accepted in India :
i. In the case of the Balance Sheet of the state of the affairs of
Company as at 31st March 2011 ; and
ii. In the Case of the Profit & Loss Account of the PROFIT of the
Company for the year ended on that date,
ANNEXURE REFERRED TO IN PARAGRAPH 1 OF THE REPORT OF EVEN DATE OF THE
AUDITORS TO THE MEMBERS OF INTEGRA TELECOMMUNICATIONS & SOFTWARE
LIMITED, NEW DELHI. FOR THE YEAR ENDED ON 31ST MARCH 2011.
1) (a; The Company has maintained proper records showing full
particulars, including quantitative details and situation of Fixed
Assets.
(b) As explained to us, the fixed assets have been physically verified
by the Management during the year in a phased periodical manner, which
in our opinion is reasonable, having regard to the size of the Company
and nature of its assets. No material discrepancies were noticed on
such physical verification.
(c) The Company has not disposed of Substantial part of Fixed Assets
during the year and the going concern status of the Company is not
changed.
2) (a; As explained to us, inventories have been physically verified by
the management at regular intervals during the year
(b) In our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business
(c) The Company has maintained proper Book records of inventories.
3) The Company has neither granted nor taken any Loans, Secured or
Unsecured to/ from Companies, firms or other parties covered in the
Register maintained under sec. 301 of the Companies Act. In the cases
of unsecured loans taken from the directors and their relatives covered
in the register maintained under section 301 of the Act, the rate of
interest and other terms & conditions are not prima facie prejudicial
to the interest of the Company. Accordingly the paragraph 4 (iii) (b)
to 4(iii)(d) and 4(iii)(f) to 4(iii) (g) of the order, are not
applicable.
4) In our opinion and according to the information and explanations
given to us, there are adequate internal control Systems commensurate
with the size of the Company and the nature of its business for the
purchase of inventory, fixed assets and for the sale of goods and
service. During the course of our audit, we have not observed any major
weakness in internal controls.
5) In our opinion and according to the information and explanations
given to us, there are no transactions made in pursuance of contracts
or arrangements, that need to be entered into the register maintained
under Section 301 of the Companies Act, 1956.
6) The Company has not accepted any deposits from the Public within the
meaning of Section 58A and 58AA or any other relevant provisions and
the rules framed there under.
7) In our opinion the Company has an internal Audit system is
Commensurate with the size & nature of its business.
8) The Central Government has not prescribed maintenance of Cost
Records under Section 209 (1) (d) of the Companies Act, 1956 in respect
of this Company.
9) According to the records of the Company, undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees State Insurance, Income Tax, Wealth Tax, Sales Tax, Custom
Duty, Excise duty, Cess and other statutory dues have been generally
regularly deposited with the appropriate authorities. According to the
information and explanations given to us, no undisputed amount payable
in respect of the aforesaid dues were outstanding as at 31st March,
2011, for a period of more than six months from the date of becoming
payable except fringe Benefit Tax.
10) The Company does not have accumulated losses at 31st March''2011 and
has not incurred any Cash losses during the financial year covered by
our audit or in the immediately preceding financial year.
11) According to the records of the Company examined by us and the
information and explanations given to us, the Company, has not
defaulted in repayment of its dues to any financial institution or bank
as at the Balance Sheet date.
12) The Company has not granted any loans & advances on the basis of
Security by way of pledge of shares, debentures and other securities.
13) The Company is not a Chit Fund nor a Nidhi Mutual Benefit fund/
society. Therefore, the provisions of clause 4 (xiii) of the Companies
(Auditors Report) order, 2003 are not applicable to the Company.
14) The Company is not dealing or trading in shares,
debentures,securities, or 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 taken any term loan from any financial
institution.
17) 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 investments conversely no long term funds raised
have been used for short term investments.
18) During the year, the Company has not made any preferential
allotment of shares to parties and Companies covered in the Register
maintained u/s 301 of the Companies Act, 1956. Hence clause 4 (xviii)
of the order is not applicable.
19) The Company has not issued any debentures during the year.
Therefore, the provisions of clause 4 (xix) of the Companies (Auditor''s
Report) order, 2003 are not applicable to the Company.
20) The Company has not raised money by way of public issue during the
year. Therefore, the provisions of clause 4 (xx) of the Companies
(Auditor''s Report) order, 2003 are not applicable to the Company.
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.
DATED :3RD September,2011 FOR SARIKA
PLACE :New Delhi. CHARTERED
Firm Registraftf&h No.
40597613
(Sarika Prasadju)
Membership No : 405313
Mar 31, 2010
We have audited the attached Balance Sheet of Integra Telecommunication
& Software Ltd. as at 31st March 2010, and the Profit and Loss Account
of the Company 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.
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.
As required by the Companies (Auditors'' Report) order 2003, as amended
by Companies (Auditors Report) (Amendment) Order, 2004 ("The Order")
issued by the Central Government of India in terms of section 227 (4A)
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.
F:urther to our comments in the Annexure referred to in paragraph
above: -
(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, the Company has kept proper books of account as
required by law so far, as appears from our examination of the books;
(c) The Balance Sheet and the Profit and Loss Account dealt with by
this report are in agreement with the books of account of the company;
(d) In our opinion, the Balance Sheet and the Profit and Loss Account
comply with the accounting standards referred to in sub-section (3C) of
section 211 of the Companies Act, 1956, in so far as they are
applicable to the company,
(e) On the basis of written representation received from the directors
as on 31st March 2010 and taken on record by the Board of Directors, we
report that none of the directors are disqualified as on 31st March
2010, from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Companies Act, 1956.
(f) In our opinion, and to the best of our information and according to
the explanations given to us, the said accounts read with the notes
thereon, give the information required by the Companies Act, 1956, in
the manner so required and give a true and fair view: -
(i) In the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2010, and
(ii) In the case of the Profit and Loss Account, of the Profit of the
Company for the year ended on that date.
ANNEXURE REFFERED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE ON THE
"ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 2010 OF INTEGRA
TELECOMMUNICATION & SOFTWARE LIMITED
On the basis of such checks as we consider appropriate and in terms of
information and explanation given to us we state that: -
(i) (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
periodically in a phased manner and no material discrepancies have been
noticed on physical verification as confirmed by the management.
( c) No substantial part of Fixed Assets has been disposed off during
the year, which has bearing on the going concern assumption.
(ii) (a) Physical verification of Inventory have been conducted at
reasonable intervals during the year by the management.
(b) In our opinion, the procedures of physical verification of
Inventory, followed by the management are reasonable and adequate in
relation to the size of the company and nature of its business.
( c) The Company has not maintained proper records of inventory. The
company is engaged in the business of sale, purchase and development of
computer software. As explained to us it cannot be expressed in any
generic units.
(iii) (a) The Company has not granted any loan, secured or unsecured to
Companies, firms or other parties covered in register maintained under
section 301 of the Companies Act, 1956. Therefore the provisions of sub
clause (b), (c) & (d) of clause 4 (iii) of The Companies (Auditor''s
Reports) Order 2003 are not applicable.
(b) The company has not taken any loan, secured or unsecured from
Companies firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. Therefore the provision
of sub clause (e) & (f) of clause 4(iii) of The Companies (Auditor''s
Report) Order, 2003 are not applicable.
(iv) In our opinion and according to the information and explanation
given to us, there is adequate internal control system commensurate
with the size of the company and the nature of its business with regard
to purchase of inventory, fixed assets and with regard of the sale of
goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weaknesses in internal
controls.
(v) According to the information and explanations given to us, we are
of the opinion that there is no transaction that needs to be entered
into a register maintained under section 301 of the Companies Act,
1956. Accordingly clause 4(v)(b) of the order is not applicable.
(vi) In our opinion and according to the information and explanations
given to us, the company has not accepted any deposits from the public
within the meaning of sections 58A and 58AA or any other relevant
provision of the Act and the rules framed there under.
(vii) In our opinion, the company has an internal audit system
commensurate with its size and nature of its business.
(viii) Central Government has not prescribed maintenance of costs
records under section 209 (1) (d) of the Companies Act, 1956 for any of
the activities of the company.
(ix) (a) According to records of the company, the company is regular in
depositing with appropriate authorities undisputed statutory dues
including income-tax and other statutory dues applicable to it.
According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, wealth tax, sales
tax, custom duty, excise duty and cess were in arrear as at payable the
end of the year for a period of more than six months from the date they
become payable.
(b) According to the information and explanation given to us, there are
no dues of sales tax, wealth tax, service tax, custom duty, excise duty
and cess which have not been deposited on account of any dispute.
(x) The company does not have accumulated losses and has not incurred
cash losses in the current financial year and in 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
Financial Institutions or Banks or Debenture Holders.
(xii) According to the information and explanations given to us, and
based on the documents and records produced before 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) In our opinion and according to the information and explanations
given to us, the company is not a chit fund, or a nidhi/mutual benefit
fund/society. Therefore the provisions of clause 4 (xiii) of the
Companies (Auditor''s Reports) Order 2003 (as amended) are not
applicable to the company.
(xiv) In our opinion, the company is not dealing in or trading in
shares, securities, debenture and other investments. Accordingly, the
provisions of clause 4 (xiv) of the Companies (Auditor''s Reports) Order
2003 (as amended) are not applicable to the company.
(xv) According to the information and explanations given to us, the
company has not given any guarantee for loans taken by others from bank
or financial institutions.
(xvi) Based on the information and explanations given to us by the
management, the company has not availed any term loan for specific
purpose, hence clause 4(XVI) is not applicable.
(xvii) According to the information and explanations given to us, and
on an overall examination of the balance sheet of the company, we
report that the no funds raised on short term basis have been used for
long term investment.
(xviii) According to the information and explanations given to us, the
company has not made preferential allotment of shares to parties and
companies covered in the register maintained under section 301 of the
Act.
(xix) The Company did not have any debentures outstanding during the
year.
(xx) The Company has not raised any money through public issue during
the year.
(xxi) Based on the information and explanation furnished by the
management, which have been relied upon by us, there were no fraud on
or by the company noticed or reported during the year.
For Rajeev Kamlesh Gupta & Co.
Chartered Accountants
Firm Registration No. : 008956C
Place: New Delhi
Date: 01/09/2010 (Rajeev V. D. Gupta)
Partner
M.Mo.: 078243