Mar 31, 2015
We have audited the accompanying financial statements of Raj Packaging
Industries Limited ("the Company"), which comprise the Balance Sheet as
at 31st March, 2015, the Statement of Profit and Loss and the Cash Flow
Statement for the year then ended and a summary of the significant
accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company's 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 flow of the company in accordance with the accounting principles
generally accepted in India, including the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014. This responsibility also includes
maintenance of adequate accounting records in accordance with the
provisions of the Act for safeguarding the assets of the Company and
for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls,
that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit.
We have taken into account the provisions of the Act, the accounting
and auditing standards and matters which are to be included in the
audit report under the provisions of the Act and 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 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 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. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness
of the accounting estimates made by the Company's Directors, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone
financial statements.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid standalone financial statements
give the information required by the Act in the manner so required and
give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as
at 31st March, 2015, and its profit and its cash flows for the year
ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2015 ("the
Order") issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 3 and 4 of the Order.
2. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations
which to the best of our knowledge and belief were necessary for the
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, the 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 aforesaid financial statements comply with the
Accounting Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of the 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 31st March, 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 Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and
according to the explanations given to us:
i) The Company has disclosed the impact of pending litigations on its
financial position in the aforesaid financial statements - Refer Note
25B (2) to the financial statements.
ii) The Company did not have any long-term contracts including
derivative contracts for which there were any material foreseeable
losses.
iii) There has been a delay of 151 days in transferring the amount,
required to be transferred, to the Investor Education and Protection
Fund by the Company.
ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING "REPORT ON OTHER
LEGAL AND REGULATORY REQUIREMENTS" OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF RAJ PACKAGING INDUSTRIES LIMITED
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
(i) (a) The Company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) The assets have been physically verified by the management in
accordance with the phased programme of verification adopted by the
Company, which in our opinion is reasonable having regard to the size
of the Company and nature of its assets. According to the information
and explanations given to us, no discrepancy between the book records
and physical inventory was noticed on such verification.
(ii) (a) The inventory has been physically verified by the management
at reasonable intervals during the year. Inventory lying with third
parties and in-transit have been verified by the management with
reference to the confirmations received from them and/or with reference
to subsequent receipt of goods.
(b) In our opinion, the procedures for physical verification of
inventory followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory.
The discrepancies noticed on verification between the physical stock
and book records were not material in relation to the operations of the
Company and have been properly dealt with in the books of account.
(iii) The Company has not granted any loans, secured or unsecured, to
companies, firms or other parties covered in the register maintained
under Section 189 of the Act. Consequently, paragraphs iii (a) and iii
(b) of the said Order are not applicable.
(iv) 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 and fixed assets and for the sale of goods and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in the internal control
system.
(v) No deposits within the meaning of directives issued by RBI (Reserve
Bank of India) and Sections 73 to 76 or any other relevant provisions
of the Act and rules framed thereunder have been accepted by the
Company.
(vi) On the basis of the records produced, we are of the opinion that
prima facie, the cost records and accounts prescribed by the Central
Government under subsection (1) of section 148 of the Act have been
maintained by the Company. However, we are not required to and thus,
have not carried out any detailed examination of such accounts and
records, with a view to ascertain whether these are accurate and
complete.
(vii) (a) The Company is generally regular in depositing undisputed
statutory dues including provident fund, employees' state insurance,
income-tax, sales-tax, wealth tax, service tax, duty of customs, duty
of excise, value added tax, cess and any other statutory dues
applicable with the appropriate authorities. According to the
information and explanations given to us there were no outstanding
statutory dues as on 31st of 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 and the
records of the Company examined by us, there are no dues of income tax
or sales tax or service tax or duty of customs or duty of excise or
value added tax or cess which have not been deposited on account of any
dispute except the followings:
Name of the Statute Nature of dues Period to which Amount
the amount (Rs.)
relates
Andhra Pradesh Sales Tax 2003-04 70,536
Value Added
Tax Act, 2005
Andhra Pradesh Sales Tax 2004-05 2,03,991
Value Added
Tax Act, 2005
Name of the Statute Forum where the dispute is pending
Andhra Pradesh Sales Tax Appellate Tribunal
Value Added
Tax Act, 2005
Andhra Pradesh Sales Tax Appellate Tribunal
Value Added
Tax Act, 2005
(c) There has been a delay of 151 days in transferring the amounts
required to be transferred to the Investor Education and Protection
Fund in accordance with the provisions of Companies Act, 1956 and rules
made there under.
(viii) The Company does not have accumulated losses as at 31st March,
2015 and it has not incurred cash losses in the financial year ended on
that date and in the immediately preceding financial year.
(ix) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
bank or financial institution.
(x) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee for loans taken by
others from banks or financial institutions.
(xi) In our opinion and according to the information and explanations
given to us, the term loans outstanding at the beginning of the year
were applied, for the purpose for which they were obtained.
(xii) 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 instances of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of any such case by the management.
For NAC AND ASSOCIATES LLP
Chartered Accountants
Firm Registration No.: 119375W
Sd/-
Nikhil Surana
Place : Secunderabad Partner
Date : 29.05.2015 Membership No. : 232997
Mar 31, 2014
We have audited the accompanying financial statements of Raj Packaging
Industries Limited ("the Company"), which comprise the Balance Sheet as
at 31st March, 2014, the Statement of Profit and Loss and the Cash Flow
Statement of the Company for the year then ended and a summary of the
significant accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
The Company''s Management is responsible for the preparation of these
financial statements that give a true and fair view of the financial
position, financial performance and cash flows of the Company in
accordance with the Accounting Standards referred to in sub-section
(3C) of section 211 of the Companies Act, 1956 ("the Act") read with
the General Circular 5/2013 dated 13th September 2013 of the Ministry
of Corporate Affairs in respect of section 133 of the Companies Act,
2013. 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 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 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, 2014;
(b) in the case of the Statement of Profit and Loss, of the profit of
the Company for the year ended on that date, and
(c) in the case of the Cash Flow Statement, of the cash flows 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 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 read with the General
Circular 15/2013 dated 13 September, 2013 of the Ministry of Corporate
Affairs in respect of section 133 of the Companies Act, 2013, to the
extent applicable;
(e) On the basis of the written representations received from the
directors as on 31st March 2014 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2014
from being appointed as a director in terms of clause (g) of sub-
section (1) of section 274 of the Act.
ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING "REPORT ON OTHER
LEGAL AND REGULATORY REQUIREMENTS" OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF RAJ PACKAGING INDUSTRIES LIMITED
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
(i) (a) The Company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) The assets have been physically verified by the management in
accordance with the phased programme of verification adopted by the
Company, which in our opinion is reasonable having regard to the size
of the Company and nature of its assets. According to the information
and explanations given to us, no discrepancy between the book records
and physical inventory was noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no substantial part of the fixed assets has been disposed
off by the Company during the year.
(ii) (a) The inventories have been physically verified by the
management at reasonable intervals during the year. In our opinion, the
frequency of verification is reasonable.
(b) In our opinion, the procedures for physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventories.
The discrepancies noticed on verification between the physical stock
and book records were not material in relation to the operations of the
Company and have been properly dealt with in the books of account.
(iii) (a) The Company has not granted any loans, secured or unsecured,
to companies, firms or other parties covered in the register maintained
under Section 301 of the Act. Consequently, paragraphs iii(b), iii(c)
and iii(d) of the said Order are not applicable.
(b) The Company has taken unsecured loans from two companies covered in
the register maintained under Section 301 of the Act. The maximum
amount involved during the year and the year-end balances of such loans
were Rs. 3,03,97,268 and Rs. 2,09,13,965 , respectively.
(c) In our opinion and according to the information and explanations
given to us, the rate of interest and other terms and conditions on
which such loans have been taken by the Company are, prima facie, not
prejudicial to the interest of the Company.
(d) As per the records examined by us, repayment of the principal
amount is as stipulated and payment of interest has been regular.
(iv) 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 and fixed assets and for the sale of goods and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in the internal control
system.
(v) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements that need to be entered into the register required to be
maintained under Section 301 of the Act have been so entered.
(vi) The Company has not accepted any deposits from the public within
the meaning of Section 58A and 58AA of the Act and the Companies
(Acceptance of Deposits) Rules, 1975 during the year. Accordingly, the
provisions of clause 4(vi) of the Order are not applicable.
(vii) In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
(viii) We have broadly reviewed the cost records maintained by the
Company pursuant to the Companies (Cost Accounting Records) Rules, 2011
prescribed by the Central Government under Section 209(1)(d) of the
Act, and are of the opinion that, prima facie, the prescribed accounts
and records have been maintained. However, we have not made a detailed
examination of the records with a view to determine whether they are
accurate or complete.
(ix) (a) According to the information and explanations given to us and
the records of the Company examined by us, in our opinion, the Company
is generally regular in depositing undisputed statutory dues including
Provident Fund, Investor Education and Protection Fund, Employees''
State Insurance, Income Tax, Sales Tax, Service Tax, Customs Duty,
Excise Duty, Cess and other material statutory dues applicable to the
Company with the appropriate authorities. No undisputed amounts payable
in respect of the aforesaid statutory dues were outstanding as at the
last day of the financial year for a period of more than six months
from the date they became payable.
(b) According to the information and explanations given to us and the
records of the Company examined by us, there are no dues of Income Tax,
Sales Tax, Service Tax, Customs Duty, Excise Duty, Cess which have not
been deposited on account of any dispute except the following:
Name of Nature of Period to which Amount
the Statute dues the amount (Rs.)
relates
Andhra Pradesh Sales Tax 2003-04 70,536
Value Added Tax
Act, 2005
Andhra Pradesh Sales Tax 2004-05 2,03,991
Value Added Tax
Act, 2005
Name of Forum where the dispute
the Statute is pending
Andhra Pradesh Value Added Tax Act, 2005 Sales Tax Appellate
Tribunal
Andhra Pradesh Value Added Tax Act, 2005 Sales Tax Appellate
Tribunal
(x) The Company does not have accumulated losses as at 31st March, 2014
and it has not incurred cash losses in the financial year ended on that
date and in the immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
bank.
(xii) According to the information and explanations given to us, the
Company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures or other securities.
(xiii) In our opinion and according to the information and explanations
given to us, the nature of the activities of the Company does not
attract any special statue applicable to the chit fund and nidhi /
mutual benefit fund / societies.
(xiv) In our opinion, the Company is not dealing in or trading in
shares, securities, debentures and other investments. Therefore, the
provisions of clause 4 (xiv) of the Companies (Auditors Report) Order,
2003 are not applicable to the Company.
(xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee for loans taken by
others from banks or financial institutions.
(xvi) According to the information and explanations given to us and in
our opinion, the term loan outstanding at the beginning of the year has
been applied for the purpose for which it was raised.
(xvii) In our opinion and according to the information and explanations
given to us and on an overall examination of the Balance Sheet and Cash
Flow Statement of the Company, as at March 31, 2014, in our opinion,
the funds raised on short-term basis have, prima facie, not, been used
for long term investment.
(xviii) During the year, the Company has made preferential allotment of
2,20,000 equity shares on conversion of 2,20,000 warrants, to a party
and a Company covered in the register maintained under Section 301 of
the Companies Act, 1956. The price at which these shares have been
issued, has been determined as per the Securities and Exchange Board of
India (Issue of Capital and Disclosure requirement) Regulation 2009,
and hence the same is not prejudicial to the interest of the Company.
(xix) The Company has not issued any debentures during the year or in
the recent past.
(xx) The Company has not raised any money by way of public issue during
the year or in the recent past.
(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 instances of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of any such case by the management.
(a) The Company has only one class of Equity Shares having a par value
of Rs.10. Each holder of Equity Shares is entitled to one vote per
share. In the event of liquidation of the Company, the holder of Equity
Shares will be entitled to receive the remaining assets of the company,
after distribution of all preferential and other payables. The
distribution will be in proportion to the number of Equity Shares held
by the shareholders.
(b) The Company in accordance with shareholders'' approval on 28th
February, 2013 has issued 6,00,000 Share Warrants convertible into
equity shares to the promoters and promoters group on preferential
basis at a price of Rs.24 per warrant which were alloted on 22nd March,
2013. These warrants are convertible into equity shares of Rs.10 each
at a premium of Rs.14 within 18 months from the date of allotment.
On 30th March, 2013 and 12th September, 2013, the Company alloted
2,00,000 and 2,20,000 equity shares of Rs.10 each to promoters and
promoters group, respectively.
During the year, a sum of Rs. 39.60 lacs received on conversion of
2,20,000 warrants into equity shares has been utilised for capital
expenditure and also for the meeting working capital requirments.
For NAC AND ASSOCIATES LLP
FRN: 119375W
Chartered Accountants
Sd/-
Nikhil Surana
Place : Secunderabad Partner
Date : 29.05.2014 Membership No. : 232997
Mar 31, 2013
Report on the Financial Statements
We have audited the accompanying financial statements of RAJ PACKAGING
INDUSTRIES LIMITED ("the Company"), which comprise the Balance Sheet as
at March 31, 2013 and the Statement of Profit and Loss the Cash Flow
Statement of the Company for the year then ended and a summary of the
significant accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
The Company''s Management is responsible for the preparation of these
financial statements that give a true and fair view of the financial
position, financial performance and cash flows of the Company in
accordance with the Accounting Standards referred to in sub-section
(3C) of section 211 of the Companies Act, 1956 ("the Act"). This
responsibility includes the design, implementation and maintenance of
internal control relevant to the preparation and presentation of the
financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with the
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers the internal control relevant to the
Company''s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of the accounting
estimates made by the Management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our qualified audit opinion.
Basis of Qualified Opinion
In accordance with the practice being followed by the Company, no
provision has been made in respect of estimated total liability for
future payment of Gratuity and Leave Entitlement, the amount whereof is
presently not determinable for want of actuarial valuation report. The
accounting method of providing Gratuity and Leave Entitlement liability
as and when due is not in accordance with the accounting method
prescribed in the Accounting Standard 15 - "Employee Benefits" issued
by the Institute of Chartered Accountants of India.
Qualified Opinion
In our opinion and to the best of our information and according to the
explanations given to us except for what is stated in the Basis of
Qualified Opinion paragraph above, the impact where of is presently not
ascertainable, the financial statements give the information required
by the Act in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2013;
(b) in the case of the 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 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 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 Cash Flow Statement comply with the Accounting Standards referred
to in sub-section (3C) of section 211 of the Act, to the extent
applicable except what is stated in the para of Basis of Qualified
Opinion;
(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 REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING "REPORT ON OTHER
LEGAL AND REGULATORY REQUIREMENTS" OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF RAJ PACKAGING INDUSTRIES LIMITED
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
(i) (a) The Company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) The assets have been physically verified by the management in
accordance with the phased programme of verification adopted by the
Company, which in our opinion is reasonable having regard to the size
of the Company and nature of its assets. According to the information
and explanations given to us, no discrepancy between the book records
and physical inventory was noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no substantial part of the fixed assets has been disposed
off by the Company during the year.
(ii) (a) The inventories have been physically verified by the
management at reasonable intervals during the year. In our opinion, the
frequency of verification is reasonable.
(b) In our opinion, the procedures for physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventories.
The discrepancies noticed on verification between the physical stock
and book records were not material in relation to the operations of the
Company and have been properly dealt with in the books of account.
(iii) (a) The Company has not granted any loans, secured or unsecured,
to companies, firms or other parties covered in the register maintained
under Section 301 of the Act. Consequently, paragraphs iii(b), iii(c)
and iii(d) of the said Order are not applicable.
(b) The Company has taken unsecured loans from two companies covered in
the register maintained under Section 301 of the Act. The maximum
amount involved during the year and the year-end balances of such loans
were Rs. 3,30,61,070 and Rs. 2,73,71,533, respectively.
(c) In our opinion and according to the information and explanations
given to us, the rate of interest and other terms and conditions on
which such loans have been taken by the Company are, prima facie, not
prejudicial to the interest of the Company.
(d) As per the records examined by us, repayment of the principal
amount is as stipulated and payment of interest has been regular.
(iv) 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 and fixed assets and for the sale of goods and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in the internal control
system.
(v) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements that need to be entered into the register required to be
maintained under Section 301 of the Act have been so entered.
(vi) The Company has not accepted any deposits from public during the
year within the meaning of Section 58A and 58AA of the Act and rules
framed thereunder.
(vii) The Company does not have an internal audit system.
(viii) We have broadly reviewed the cost records maintained by the
Company pursuant to the Companies (Cost Accounting Records) Rules, 2011
prescribed by the Central Government under Section 209(1)(d) of the
Companies Act, 1956 and are of the opinion that, prima facie, the
prescribed accounts and records have been maintained. However, we have
not made a detailed examination of the records with a view to determine
whether they are accurate or complete.
(ix) (a) According to the information and explanations given to us and
the records of the Company examined by us, in our opinion, the Company
is generally regular in depositing undisputed statutory dues including
Provident Fund, Investor Education and Protection Fund, Employees''
State Insurance, Income Tax, Sales Tax, Service Tax, Customs Duty,
Excise Duty, Cess and other material statutory dues applicable to the
Company with the appropriate authorities. No undisputed amounts payable
in respect of the aforesaid statutory dues were outstanding as at the
last day of the financial year for a period of more than six months
from the date they became payable.
(b) According to the information and explanations given to us and the
records of the Company examined by us, there are no dues of Income Tax,
Sales Tax, Service Tax, Customs Duty, Excise Duty, Cess which have not
been deposited on account of any dispute except the following:
Name of the Nature of Period to
which Forum where
Statute dues the amount Amount the dispute is
relates (Rs.) pending
Andhra Pradesh Sales Tax 2003-04 70,536 Sales Tax
Value Added Appellate
Tax Act, 2005 Tribunal
Andhra Pradesh Sales Tax 2004-05 2,03,991 Sales Tax
Value Added Appellate
Tax Act, 2005 Tribunal
(x) The Company does not have accumulated losses as at 31st March, 2013
and has not incurred cash loss in the financial year ended on that date
and in the immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
bank.
(xii) According to the information and explanations given to us, the
Company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures or other securities.
(xiii) In our opinion and according to the information and explanations
given to us, the nature of the activities of the Company does not
attract any special statue applicable to the chit fund and nidhi /
mutual benefit fund / societies.
(xiv) In our opinion, the Company is not dealing in or trading in
shares, securities, debentures and other investments. Therefore, the
provisions of clause 4 (xiv) of the Companies (Auditors Report) Order,
2003 are not applicable to the Company.
(xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee for loans taken by
others from banks or financial institutions.
(xvi) According to the information and explanations given to us and in
our opinion, the term loan outstanding at the beginning of the year has
been applied for the purpose for which it was raised.
(xvii) In our opinion and according to the information and explanations
given to us and on an overall examination of the Balance Sheet and Cash
Flow Statement of the Company, as at March 31, 2013, in our opinion,
the funds raised on short-term basis have, prima facie, not, been used
for long term investment.
(xviii)The Company has made preferential allotment of 6,00,000 warrants
convertible into equity shares on 22nd March, 2013 to the promoters and
promoters group covered in the register maintained under Section 301 of
the Act at a price of Rs. 24 fixed in accordance with the guidelines
for preferential issue of the Securities and Exchange Board of India
(Disclosure and Investor Protection) Guidelines, 2000 and hence the
same is not prejudicial to the interest of the Company. During the
year, 2,00,000 share warrants have been converted into equity shares of
Rs. 10 each at a premium of Rs.14.
(xix) The Company has not issued any debentures during the year or in
the recent past.
(xx) The Company has not raised any money by way of 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 instances of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of any such case by the management.
For C P RANKA & CO.
Firm Registration No. 119375W
Chartered Accountants
C P Ranka
Place : Secunderabad Partner
Date : 29th May, 2013 Membership No. : 106823
Mar 31, 2012
1. We have audited the attached Balance Sheet of RAJ PACKAGING
INDUSTRIES LIMITED as at 31st March, 2012, the Statement of Profit and
Loss and also the Cash Flow Statement for the year ended on that date
annexed thereto. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion
on these financial statements based on our audit.
2. We conducted our audit in accordance with the 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 mis-statement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
3. As required by the Companies (Auditor's Report) Order, 2003,
issued by the Central Government of India in terms of sub-section (4A)
of Section 227 of the Companies Act, 1956 (hereinafter referred to as
the "Act"), we annex hereto 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 subject to what is stated in paragraph 4(e) below;
(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 Balance Sheet, Statement of Profit and Loss and
Cash Flow Statement dealt with by this report comply with the
accounting standards referred to in sub- section (3C) of Section 211 of
the Act, to the extent applicable subject to what is stated in
paragraph 4(e) below,
(e) In accordance with the practice being followed by the Company, no
provision has been made in respect of estimated total liability for
future payment of Gratuity and Leave Encashment, the amount whereof is
presently not determined. The accounting method of providing Gratuity
and Leave Encashment liability as and when due is not in accordance
with the accounting method prescribed in Accounting Standard 15 -
"Employee Benefits" issued by the Institute of Chartered
Accountants of India (refer note no. 6 of Schedule 18);
(f) On the basis of written representations received from directors as
on 31st March, 2012, and taken on record by the Board of Directors, we
report that none of the directors is disqualified as on 31st March,
2012 from being appointed as a director of the Company in terms of
clause (g) of sub-section (1) of Section 274 of the Act;
(g) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts subject to what is
stated in paragraph 4(e) above, the effect of which could not be
determined, read together with Significant Accounting Policies and
Notes thereon 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:
i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2012;
ii) in the case of the Statement of Profit & Loss, of the loss of the
Company for the year ended on that date; and
iii) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF AUDITORS' REPORT OF EVEN DATE
ON THE
FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 2012.
On the basis of our examination of the books and records of the Company
carried out in accordance with the auditing standards generally
accepted in India and according to the information and explanations
given to us, we state that:
(i) (a) The Company is maintaining proper records showing full
particulars including quantitative
details and situation of fixed assets.
(b) The assets have been physically verified by the management in
accordance with the phased programme of verification adopted by the
Company, which in our opinion is reasonable having regard to the size
of the Company and nature of its assets. According to the information
and explanations given to us, no discrepancy between the book records
and physical inventory was noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no substantial part of the fixed assets has been disposed
off by the Company during the year.
(ii) (a) The inventories have been physically verified by the
management at reasonable intervals
during the year. In our opinion, the frequency of verification is
reasonable.
(b) In our opinion, the procedures for physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventories.
The discrepancies noticed on verification between the physical stock
and book records were not material in relation to the operations of the
Company and have been properly dealt with in the books of account.
(iii) (a) The Company has not granted any loans, secured or unsecured,
to companies, firms or
other parties covered in the register maintained under Section 301 of
the Act. Consequently, paragraphs iii(b), iii(c) and iii(d) of the said
Order are not applicable.
(b) The Company has taken unsecured loans from three companies covered
in the register maintained under Section 301 of the Act. The maximum
amount involved during the year and the year-end balances of such loans
were Rs. 3,52,72,171 and Rs. 3,44,57,358, respectively.
(c) In our opinion and according to the information and explanations
given to us, the rate of interest and other terms and conditions on
which such loans have been taken by the Company are, prima facie, not
prejudicial to the interest of the Company.
(d) As per the records examined by us, repayment of the principal
amount is as stipulated and payment of interest has been regular.
(iv) 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 and fixed assets and for the sale of goods and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in the internal control
system.
(v) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements that need to be entered into the register required to be
maintained under Section 301 of the Act have been so entered.
(vi) The Company has not accepted any deposits from public during the
year within the meaning of Section 58A and 58AA of the Act and rules
framed thereunder.
(vii) The Company does not have an internal audit system.
(viii) In our opinion and as explained by the Management, the Central
Government has not prescribed maintenance of cost records under clause
(d) of sub-section (1) of Section 209 of the Act in respect of the
product dealt by the Company. Accordingly, paragraph 4(v) of the Order
is not applicable.
(ix) (a) According to the information and explanations given to us and
the records of the Company
examined by us, in our opinion, the Company is generally regular in
depositing undisputed
statutory dues including Provident Fund, Investor Education and
Protection Fund, Employees' State Insurance, Income Tax, Sales Tax,
Service Tax, Customs Duty, Excise Duty, Cess and other material
statutory dues applicable to the Company with the appropriate
authorities. No undisputed amounts payable in respect of the aforesaid
statutory dues were outstanding as at the last day of the financial
year for a period of more than six months from the date they became
payable.
(b) According to the information and explanations given to us and the
records of the Company examined by us, there are no dues of Income Tax,
Sales Tax, Service Tax, Customs Duty, Excise Duty, Cess which have not
been deposited on account of any dispute except the following:
Name of the Nature of Period to which Forum where
Statute dues the amount Amount the dispute is
relates (Rs.) pending
Andhra Pradesh Sales Tax 2003-04 & 2,74,527 Sales Tax
Value Added 2004-05 Appellate
Tribunal
Tax Act, 2005
(x) The Company does not have accumulated losses as at 31st March, 2012
and has not incurred cash loss in the financial year ended on that date
and in the immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to
banks.
(xii) According to the information and explanations given to us, the
Company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures or other securities.
(xiii) In our opinion and according to the information and explanations
given to us, the nature of the activities of the Company does not
attract any special statue applicable to the chit fund and nidhi /
mutual benefit fund / societies.
(xiv) In our opinion, the Company is not dealing in or trading in
shares, securities, debentures and other investments. Therefore, the
provisions of clause 4 (xiv) of the Companies (Auditors Report) Order,
2003 are not applicable to the Company.
(xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee for loans taken by
others from banks or financial institutions.
(xvi) The Company has not raised any term loan during the year.
According to the information and explanations given to us, and in our
opinion, the term loan taken in an earlier year was applied for the
purpose for which it was obtained.
(xvii) In our opinion and according to the information and explanations
given to us and on an overall examination of the Balance Sheet and Cash
Flow Statement of the Company, as at March 31, 2012, in our opinion,
the funds raised on short-term basis have, prima facie, not, been used
for long term investment.
(xviii) During the year or in the recent past, 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.
(xix) The Company has not issued any debentures during the year or in
the recent past.
(xx) The Company has not raised any money by way of public issue during
the year or in the recent past.
(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 instances of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of any such case by the management
For C P RANKA & CO.
Chartered Accountants
Registration No. 119375W
C P Ranka
Place : Secunderabad Partner
Date : 30th May, 2012 Membership No. 106823
Mar 31, 2010
1. We have audited the attached Balance Sheet of RAJ PACKAGING
INDUSTRIES LIMITED as at 31st March, 2010, the Profit and Loss Account
and also the 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 the 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 mis-statement. 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 I 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 (hereinafter referred to as
the "Act"), we annex hereto 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, properi,ooks of account as required by law have
been kept by the Company so far as appears from our examination of
those books subject to what is stated in paragraph 4(e) below;
(c) The Balance Sheet, Profit and Loss Account and 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 Cash
Flow Statementdealt with by this report comply with the accounting
standards referred to in sub- section (3C) of Section 211 of the Act,
to the extent applicable subject to what is stated in paragraph 4(e)
below,
(e) In accordance with the practice being followed by the Company, no
provision has been made in respect of estimated total liability for
future payment of Gratuity andLeave Encashment, the amount whereof is
presently not determined. The accounting method of providing Gratuity
and Leave Encashment liability as and when due is not in accordance
with the accounting method prescribed in Accounting Standard 15 -
"Employee Benefits" issued by the Institute of Chartered Accountants of
India (refer note no. 6 of Schedule 18);
(f) On the basis of written representations received from directors as
on 31st March, 2010, and taken on record by the Board of Directors, we
report that none of the directors is-disqualified as on 31st March,
2010 from being appointed as a director of the Company in terms of
clause (g) of sub-section (1) of Section 274 of the Act;
(g) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts subject to what is
stated in paragraph 4(e) above, the effect of which could not be
determined and read together with note no. 5 regarding non-deposit of
due amount of Rs. 48,111 with Investor Education and Protection Fund as
per the provisions of Section 205C of the Act in Schedule 18of
Significant Accounting Policies and Notes to Accounts and other notes
appearing elsewhere in the said accounts, 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:
i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31 st March, 2010;
ii) in the case of the Profit & Loss Account, of the profit of the
Company for the year ended on that date; and
iii) in the case of the Cash Flow Statement, of the cash flows for the
year ended on. that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF AUDITORS REPORT ON THE
FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 2010.
On the basis of our examination of the books and records of the Company
carried out in accordance with the auditing standards generally
accepted in India and according to the information and explanations
given to us, we state that:
(i) (a) The Company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) The assets have been physically verified by the management in
accordance with the phased programme of verification adopted by the
Company, which in our opinion is reasonable having regard to the size
of the Company and nature of its assets. According to the information
and explanations given to us, no discrepancy between the book records
and physical inventory was noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no substantial part of the fixed assets has been disposed
off by the Company during the year.
(ii) (a) The inventory has been physically verified by the management
at reasonable intervals during the year. In our opinion, the frequency
of verification is reasonable.
(b) In our opinion, the procedures for physical verification of
inventory followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
(c) In our opinion and according to the information and explanations
given to us, the Company is maintaining proper records of inventory.
The discrepancies noticed on verification between the physical stock
and book records were not material in relation to the operations of the
Company and have been properly dealt with in the books of account.
(iii) (a) The Company has not granted any loans, secured or unsecured,
to companies, firms or other parties covered in the register maintained
under Section 301 of the Act. Consequently, paragraphs iii(b), iii(c)
and iii(d) of the said Order are not applicable.
(b) The Company has taken unsecured loans from two companies covered in
the register maintained under Section 301 of the Act. The maximum
amount involved during the year and the year-end balances of such loans
were Rs. 10,00,000 and Rs. 5,43,866, respectively.
(c) In our opinion and according to the information and explanations
given to us, the rate of interest and other terms and conditions on
which such loans have been taken by the Company are, prima facie, not
prejudicial to the interest of the Company.
(d) The Company is regular in repayment of principal amount and
interest thereon as stipulated.
(iv) 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 and fixed assets and for the sale of goods and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in the internal control
system.
(v) According to the information and explanations given to us, we are
of the opinion that there are no contracts or arrangements that need to
be entered into the register required to be maintained under Section
301 of the Act.
(vi) The Company has not accepted any deposits from public during the
year within the meaning of Section 58A and 58AA of the Act and rules
framed thereunder.
(vii) The Company does not have an internal audit system.
(viii) In our opinion and as explained by the Management, the Central
Government has not prescribed maintenance of cost records under clause
(d) of sub-section (1) of Section 209 of the Act in respect of the
product dealt by the Company. Accordingly, paragraph 4(v) of the Order
is not applicable.
(ix) (a) According to the information and explanations given to us and
the records of the Company examined by us, in our opinion, the Company
is generally regular in depositing undisputed statutory dues including
Provident Fund, Investor Education and Protection Fund, Employees
State Insurance, Income
Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty,
Cess and other material statutory dues applicable to the Company with
the appropriate authorities. No undisputed amounts payable in respect
of the aforesaid statutory dues were outstanding as at the last day of
the financial year for a period of more than six months from the date
they became payable.
(b) According to the information and explanations given to us and the
records of the Company examined by us, there are no dues of Income Tax,
Sales Tax, Service Tax, Customs Duty, Wealth Tax, Excise Duty, Cess
which have not been deposited on account of any dispute except dues on
account of the following:
Name of the Period to which Amount (Rs.) Forum where the
dispute is
Statute the amount relates pending
Sales Tax 2003-04& 2004-05 2,74,527 Joint/
Additional Commis
sioner (CT) (Legal)
Hyderabad.
(x) The Company does not have any accumulated losses as at 31" March,
2010 and has not incurred any cash losses in the financial year ended
on that date and in the immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
bank.
(xii) According to the information and explanations given to us, the
Company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures or other securities.
(xiii) In our opinion and according to the information and explanations
given to us, the nature of the activities of the Company does not
attract any special statue applicable to the chit fund and nidhi /
mutual benefit fund / societies.
(xiv) In our opinion, the Company is not dealing in or trading in
shares, securities, debentures and other investments. Therefore, the
provisions of clause 4 (xiv) of the Companies (Auditors Report) Order,
2003 are not applicable to the Company.
(xv) In our opinion and according to the information and explanations
given to us, the Company has not given any guarantee for loans taken by
others from banks or financial institutions.
(xvi) According to the information and explanations given to us, and in
our opinion, the term loan was applied for the purpose for which it was
obtained.
(xvii) According to the information and explanations given to us and on
an overall examination of the cash flow statement and balance sheet of
the Company, in our opinion, the funds raised on short-term basis have,
prima facie, not been used for long term investment.
(xviii) During the year or in the recent past, 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.
(xix) The Company has not issued any debentures during the year or in
the recent past.
(xx) The Company has not raised any money by way of public issue during
the year or in the recent past.
(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 instances of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of any such case by the management
For C P RANKA & CO.
Chartered Accountants
C P Ranka
Place : Secunderabad Partner
Date : 31st May, 2010 Membership No. 106823
Registration No. 119375W