Mar 31, 2014
We have audited the accompanying financial statements of RESPONSE
INFORMATICS LIMITED ("the Company"), which comprise the Balance
Sheet as at March 31,2014, and the Statement of Profit and Loss for the
year thenended,anda summary of significant accounting policies and
other explanatory information.
Management''s Responsibility forthe Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance of the Company in accordance with the Accounting
Standards notified under the Companies Act, 1956 (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 and in accordance with the accounting principles
generally accepted in India. 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.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India:
a) In the case of the Balance Sheet, of the state of affairs of the
Company as at March 31,2014.
b) In the case of the Profit and Loss Account, of the Profit for the
year ended on that date.
Report on other Legal and Regulatory Requirements:
1. As required by the Companies (Auditor''s Report) Order, 2003 issued
by the Central Government of India in terms of section 227(4A) of the
Act, we give in the Annexure a statement on the matters specified in
paragraphs 4 and 5 of the Order.
2. Asrequired bysection 227(3) of the Act, wereportthat:
a) We have obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purpose of
ouraudit;
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 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
comply with the Accounting Standards notified under the Act read with
the General Circular 15/2013 dated 13th September, 2013 of the Ministry
of Corporate Affairs in respect of Section 133 of the Companies Act,
2013.
e) On the basis of written representations received from the directors
as on March 31,2014, taken on record by the Board of Directors, none of
the directors is disqualified as on March 31, 2014, from being
appointed as a director in terms of Section 274(1) (g) of the Act.
The Annexure referred to in our Report of even date to the members of
RESPONSE INFORMATICS LIMITED on the accounts of the company for the
year ended 31" March, 2014.
On the basis of such checks as we considered appropriate and according
to the information and explanation given to us during the course of our
audit, we report that:
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of its fixed
assets.
(b) As explained to us, fixed assets have been physically verified by
the management at reasonable intervals; no material discrepancies were
noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no fixed asset has been disposed off during the year and
therefore does not affect the going concern assumption.
2. (a) As explained to us, inventories have been physically verified
during the year by the management at reasonable intervals.
(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 the nature of its business.
(c) In our opinion and on the basis of our examination of the records,
the Company is generally maintaining proper records of its inventories.
No material discrepancy was noticed on physical verification of stocks
by the management as compared to book records.
3. (a) According to the information and explanations given to us and on
the basis of our examination of the books of account, the Company has
not granted any loans, secured or unsecured, to companies, firms or
other parties listed in the register maintained under Section 301 of
the Companies Act, 1956. Consequently, the provisions of clauses iii
(b), iii(c) and iii (d) of the order are not applicable to the Company.
(e) According to the information and explanations given to us and on
the basis of our examination of the books of account, the Company has
not taken loans from companies, firms or other parties covered in the
register maintained under Section 301 of the Companies Act, 1956.
Consequently the requirements of clauses (iii) (f) and (iii) (g) of
paragraph 4 of the order are not applicable.
4. In our opinion and according to the information and explanations
given to us, there is an adequate internal control procedure
commensurate with the size of the company and the nature of its
business, for the purchase of inventories & fixed assets and payment
for expenses & for sale of goods.During the course of our audit, no
major instance of continuing failure to correct any weaknesses in the
internal control system.
5. a) Based on the audit procedures applied by us and according to the
information and explanations provided by the management, the
particulars of contracts or arrangements referred to in section 301 of
the Act have been entered in the register required to be maintained
underthat section.
b) As per information & explanations given to us and in our opinion,
the transaction entered into by the company with parties covered u/s
301 of the Act does not exceeds five lakhs rupees in a financial year
therefore requirement of reasonableness of transactions does not
arises.
6. According to the information and explanations given to us, the
Company has not accepted any deposits from the public. Therefore, the
provisions of clause (vi) of paragraph 4 of the order are not
applicable to the Company.
7. As per information and explanations given by the management, the
Company has an internal audit system commensurate with its size and the
nature of its business.
8. As per information & explanation given by the management,
maintenance of cost records has not been prescribed by the Central
Government under clause (d) of sub-section (1) of section 209 of the
Act. Hence, this clause is not applicable.
9. (a) According to the records of the company, undisputed statutory
dues including Provident Fund, Investor Education and Protection Fund,
Employees'' State Insurance, Income-tax, Sales-tax, Wealth Tax, Service
Tax, Custom Duty, Excise Duty, cess to the extent applicable except
listing fees to NSDL Authorities and any other statutory dues have
generally been regularly deposited with the appropriate authorities.
According to the information and explanations given to us there were no
outstanding statutory dues as on 31st of March, 2014 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 is
no amounts payable in respect of income tax, wealth tax, service tax,
sales tax, customs duty and excise duty which have not been deposited
on account of anydisputes.
10. The Company has no accumulated loss and has not incurred cash
losses during the financial year covered by our audit and in the
immediately preceding financial year
11. In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
financial institution, bankordebenture holders
12. According to the information and explanations given to us, the
Company has not granted loans and advances on the basis of security by
way of pledge of shares, debentures and other securities.
13. The Company is not a chit fund ora nidhi /mutual benefit
fund/society. Therefore, the provision is not applicable to the
Company.
14. The Company is not trading in Shares, Mutual funds & other
Investments. Therefore, the provision is not applicable to the Company.
15. Company has not given any guarantees for loans taken by others from
a bankor financial institution.
16. The company has not obtained/raised any term loans during the year
underreport
17. According to records examined by us and the information and
explanations given to us and on an overall examination of the Balance
Sheet of the Company, we report that no funds raised on short-term
basis have been used for long-term investment.
18. 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, during the year.
19. The Company has not issued or has any outstanding debentures during
the period under audit.
20. The Company has not raised any money by public issue during the
year under report.
21. According to the information and explanations given to us and on
the basis of our examination of books and records of the company in
accordance with the generally accepted auditing practices, we report
that no fraud on or by the Company has been noticed or reported during
the year, nor have we been informed of such case by the management.
For HARIBABU & ASSOCIATES
Chartered Accountants
FRN: 01064S
Sd/-
Place: Hyderabad CH. HARIBABU
(PARTNER)
Date: 28-05-2014 Membership No. :022361
Mar 31, 2013
We have audited the accompanying financial statements of RESPONSE
INFORMATICS LIMITED ("the Company"), which comprise the Balance Sheet
as at March 31, 2013, and the Statement of Profit and Loss for the year
then ended, and a summary of significant accounting policies and other
explanatory information.
Management''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance 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.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India:
a) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2013;
b) in the case of the Profit and Loss Account, of the Profit for the
year ended on that date; and
Report on 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 purpose of our
audit;
b) in our opinion proper books of account as required by law have been
kept by the Company so far as appears from our examination of those
books
c) the Balance Sheet, Statement of Profit and Loss 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
comply with the Accounting Standards referred to in subsection (3C) of
Section 211 of the Companies Act, 1956;
e) on the basis of written representations received from the directors
as on March 31, 2013, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2013, from being
appointed as a director in terms of clause (g) of sub-section (1) of
section 274 of the Companies Act, 1956.
The Annexure referred to in our Report of even date to the members of
RESPONSE INFORMATICS LIMITED on the accounts of the company for the
year ended 31st March, 2013.
On the basis of such checks as we considered appropriate and according
to the information and explanation given to us during the course of our
audit, we report that:
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of its fixed
assets.
(b) As explained to us, fixed assets have been physically verified by
the management at reasonable intervals; no material discrepancies were
noticed on such verification.
(c) In our opinion and according to the information and explanations
given to us, no fixed asset has been disposed during the year and
therefore does not affect the going concern assumption.
2. (a) As explained to us, inventories have been physically verified
during the year by the management at reasonable intervals.
(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 the nature of its business.
(c) In our opinion and on the basis of our examination of the records,
the Company is generally maintaining proper records of its inventories.
No material discrepancy was noticed on physical verification of stocks
by the management as compared to book records.
3. (a) According to the information and explanations given to us and
on the basis of our examination of the books of account, the Company
has not granted any loans, secured or unsecured, to companies, firms or
other parties listed in the register maintained under Section 301 of
the Companies Act, 1956. Consequently, the provisions of clauses iii
(b), iii(c) and iii (d) of the order are not applicable to the Company.
(e) According to the information and explanations given to us and on
the basis of our examination of the books of account, the Company has
not taken loans from companies, firms or other parties listed in the
register maintained under Section 301 of the Companies Act, 1956. Thus
sub clauses (f) & (g) are not applicable to the company.
4. In our opinion and according to the information and explanations
given to us, there is generally an adequate internal control procedure
commensurate with the size of the company and the nature of its
business, for the purchase of inventories & fixed assets and payment
for expenses & for sale of goods. During the course of our audit, no
major instance of continuing failure to correct any weaknesses in the
internal controls has been noticed.
5. a) Based on the audit procedures applied by us and according to the
information and explanations provided by the management, the
particulars of contracts or arrangements referred to in section 301 of
the Act have been entered in the register required to be maintained
under that section.
b) As per information & explanations given to us and in our opinion,
the transaction entered into by the company with parties covered u/s
301 of the Act does not exceeds five lacs rupees in a financial year
therefore requirement of reasonableness of transactions does not
arises.
6. The Company has not accepted any deposits from the public covered
under section 58A and 58AA of the Companies Act, 1956.
7. As per information & explanations given by the management, the
Company has an internal audit system commensurate with its size and the
nature of its business.
8. As per information & explanation given by the management,
maintenance of cost records has not been prescribed by the Central
Government under clause (d) of sub-section (1) of section 209 of the
Act. Hence, this clause is not applicable.
9. (a) According to the records of the company, undisputed statutory
dues including Provident Fund, Investor Education and Protection Fund,
Employees'' State Insurance, Income-tax, Sales-tax, Wealth Tax, Service
Tax, Custom Duty, Excise Duty, cess to the extent applicable and any
other statutory dues except listing fee to Calcutta stock exchange have
generally been regularly deposited with the appropriate authorities.
According to the information and explanations given to us there were no
outstanding statutory dues as on 31st of March, 2013 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 is
no amounts payable in respect of income tax, wealth tax, service tax,
sales tax, customs duty and excise duty which have not been deposited
on account of any disputes.
10. The Company has no accumulated loss and has not incurred cash
losses during the financial year covered by our audit and in the
immediately preceding financial year.
11. In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to any
financial institution, bank or debenture holders.
12. According to the information and explanations given to us, the
Company has not granted loans and advances on the basis of security by
way of pledge of shares, debentures and other securities.
13. The Company is not a chit fund or a nidhi /mutual benefit
fund/society. Therefore, the provision is not applicable to the
Company.
14. The Company is not trading in Shares, Mutual funds & other
Investments. Therefore, the provision is not applicable to the
Company.
15. Company has not given any guarantees for loans taken by others
from a bank or financial institution.
16. The company has not obtained term loan during the year under
report002E
17. According to records examined by us and the information and
explanations given to us and on an overall examination of the Balance
Sheet of the Company, we report that no funds raised on short-term
basis have been used for long-term investment.
18. 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, during the year.
19. The Company has not issued or has any outstanding debentures
during the period under audit.
20. The Company has not raised any money by public issue during the
year under report.
21. According to the information and explanations given to us and on
the basis of our examination of books and records of the company in
accordance with the generally accepted auditing practices, we report
that no fraud on or by the Company has been noticed or reported during
the year, nor have we been informed of such case by the management.
For HARI BABU &ASSOCIATES
CHARTERED ACCOUNTANTS
FRN No: 01064S
Place: Hyderabad CH. HARI BABU
Date: 03/09/2013 (PARTNER)
M.No.022361
Mar 31, 2012
We have audited the attached balance sheet of RESPONSE INFORMATICS
LIMITED, as at 31st March 2012, and also Profit and 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 based on our
audit.
We conducted our audit in accordance with the auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit 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.
1. As required by the Manufacturing and other Companies (Auditor''s
Report) Order, 1988, issued by the Company Law Board 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.
2. Further to our comments in the Annexure referred to in paragraph
(1) above, we report that:
I. We have obtained all the information and explanation, which to the
best of our knowledge and belief were necessary for the purpose of our
audit;
II. In our opinion, proper books of account as required by law have
been kept by the company so far as appears from our examination of
those books;
III. The balance sheet, Profit and Loss Account dealt with by this
report are in agreement with the books of account;
IV. In our opinion, the balance sheet, Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
sub-section (3C) of section 211 of the Companies Act, 1956 to the
extent they are applicable to the Company;
V. In our opinion and based on information and explanations given to
us, none of the directors is disqualified are on 31st March 2012 from
being appointed as a director in terms of clause (g) of sub-section (1)
of section 274 of the Companies Act, 1956;
VI. In our opinion and to the best of our information and according to
the explanations given to us, the said accounts give the information
required by the Companies Act, 1956, in the manner so required and read
together with notes thereon give true and fair view:
(a) In the case of the Balance Sheet, of the state of affairs of the
company as at 31st march 2012; and
(b) In the case of the Profit and Loss Account, of the Profit for the
year ended on that date;
ANNEXURE TO THE AUDITORS'' REPORT
Referred to in paragraph 3 of our Report of even date on the Accounts
for the year ended March 31, 2012 of RESPONSE INFORMATICS LIMITED
1. In respect of its Fixed Assets:
(a) The Company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets on the
basis of available information.
(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, the verification is reasonable having regard to the
size of the company and the nature of its assets. There is no
discrepancies were noticed on such verification.
(c) In our opinion, the company has not disposed off any part of fixed
assets during the year and the going concern status of the company is
not affected.
2. In respect of its inventories:
a) As explained to us, 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 inventory
followed by the management are reasonable and adequate in relation to
the size of the company and the nature of its business.
c) The company has maintained proper records of inventory. As explained
to us there were no material discrepancies noticed on physical
verification of inventory as compared to the book records.
3. (a) During the year, the company has not granted any loans to the
parties listed in the register maintained u/s.301 of the Companies Act,
1956.
(b) There is no overdue amount in respect of the loans taken by the
company. In respect of the loans given by the company, these are
repayable on demand and therefore the question of overdue amounts
doesn''t arise.
4. In our opinion and according to the information and explanations
given to us, there are adequate internal control procedures
commensurate we size of the company and the nature of its business for
the purchase of inventory, fixed assets and also for the sale of goods.
During the course of our audit, we have not observed any major
weaknesses in internal controls.
5. In respect of the transactions covered under section 301 of the
Companies Act, 1956:
(a) 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 maintained under
section 301 of the Companies Act, 1956 have been so entered.
(b) In our opinion and according to the information and explanations
given to us, the transactions entered in the registers maintained under
Section 301 and exceeding during the year by Rupees five lakhs rupees
in respect of each party have been made prices which are reasonable
having regard to prevailing market prices at the relevant time.
6. The company has not accepted any deposits from the public during
the year.
7. In our opinion, the internal audit system of the company is
commensurate with the size and nature of its business.
8. According to the information and explanations given to us, the
Central Government has not prescribed the maintenance of cost records
under clause (d) of sub-section (1) of section 209 of the Companies
Act, 1956.
9. In respect of statutory dues:
According to the records of the company, undisputed statutory dues
including provident fund, employees'' state insurance, income tax, sales
tax, wealth tax, service tax, custom duty, excise duty, cess and other
material statutory dues have been generally regularly deposited with
the authorities. According to the information and explanations given
to us, no undisputed amounts payable in respect of aforesaid dues were
outstanding as at 31st March, 2012 for a period of more than six months
from the date they became payable.
10. The company has no accumulated losses and has not incurred any
cash losses during the financial year covered by our audit or in the
immediately preceding financial year.
11. In our opinion and according to the information and explanations
given to us, the company has not defaulted in repayment of dues to any
banks / financial institutions or debenture holders.
12. In our opinion and according to the information and explanations
given to us, no loans and advances have been granted by the company on
the basis of security by way of pledge of shares, debentures and other
securities.
13. In our opinion, 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 Report) Order, 2003 is not applicable to this
company.
14. According to the information and explanations given us, the
company is not dealing in or trading in shares, securities, debentures,
and other. Accordingly, the clause 4(xiv) of the order is not
applicable.
15. According to the information and explanations given us, the
company has not given any guarantees for loans taken by others, from
banks or financial institutions; Accordingly, the clause 4(xv) of the
order is not applicable.
16. The company has not raised any new long term loans during the
year, the term loans outstanding at the beginning of the year were
applied for the purpose for which they were raised.
17. According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we are of
the opinion that the company has not utilized short term sources
towards repayment of long term borrowing and acquisition of fixed
assets.
18. During the year, 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, 1956.
19. The company has not issued any debentures. Accordingly, clause
4(xix) of the order is not applicable.
20. The company has not raised any money by way of public issue,
during the year. Accordingly, clause 4(xx) of the order is not
applicable.
21. In our opinion and according to the information and explanations
given to us, there is no fraud on or by the company has been noticed or
reported during the year.
For Hari Babu & Associates
Chartered Accountants
FRN: 01064S
Sd/-
(CA. Ch. HariBabu)
Place: Hyderabad Partner
Date: 03.09.2012 Membership No: 022361
Mar 31, 2011
Not Available