Mar 31, 2015
We have audited the accompanying financial statements of Shailja
Commercial Trade Frenzy Limited, which comprise the Standalone Balance
Sheet as at March 31, 2015, the Standalone Statement of Profit and Loss
for the year then ended the Standalone Cash Flow Statement and a
summary of significant accounting policies and other explanatory
information.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the matters stated
in Section 134(5) of the Companies Act, 2013 ('the Act") with respect
to the preparation and presentation of these Financial Statements that
give a true and fair view of the financial position, financial
performance and cash flows of the Company in accordance with the
accounting principles generally accepted in India, including the
Accounting Standards specified under 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 of 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.
Auditor's Responsibility
Our responsibility is to express a reasonable 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.
We have taken into account the provisions of the Act, the accounting
and auditing standards and matters which are required to be included in
the audit report under the provisions of the Act and the Rules made
there under.
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 on the Standalone
financial statements.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India 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 Companies (Auditors Report) Order 2015 ('the order')
issued by Central Government of India in terms of subsection (11) of
section 143 of the Act, we enclose in the annexure a statement on the
matters specified in paragraphs 3 & 4 of the said order to extent
applicable.
2. As required by section 143(3) of the Act, we report that:
a) We have obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purpose of our
audit;
b) In our opinion proper books of account as required by law have been
kept by the Company so far as appears from our examination of those
books.
c) The Standalone Balance Sheet, Standalone Statement of Profit and
Loss and Standalone Statement of Cash Flow 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 does not have any pending litigations which would impact
its financial position.
II. The Company did not have any long-term contracts including
derivative contracts for which there were any material foreseeable
losses.
III. There were no amounts which were required to be transferred to the
Investor Education and Protection Fund by the Company.
ANNEXURE TO AUDITORS REPORT
The Annexure referred to in our report to the members of Shailja
Commercial Trade Frenzy Limited (the Company') for the year ended on
2015. We report that:
i) The company is not having fixed assets and therefore provision of
clause 4(i) is not applicable to company.
ii) Based on our scrutiny of the Company's Books of Account and other
records and according to the information and explanations received by
us from the management, we are of the opinion that the company is not
having any inventory.
iii) The company has not granted loans & advances, secured or unsecured
to companies, firms or other parties covered in the register maintained
under section 189 of the Act 2013 and we are of the opinion that the
terms and condition of such loans are not prejudicial to the interest
of the company, also reasonable steps have been taken for the recovery
of overdue of such loans.
iv) The company is not having inventories and therefore provision of
clause 4(iv) is not applicable to company.
v) In our opinion and according to information & explanation given to
us the company has not accepted deposits from the public.
vi) According to information & explanation given to us, the company is
not engaged in production, processing, manufacturing or mining
activities. Hence, the provisions of Section 148(1) of Company Act,
2013 do not apply to the Company. Hence, clause 4(vi) of the said order
is not applicable.
vii) According to the information and explanations given to us and on
the basis of our examination of the records of the company, amount
deducted/ accrued in the books of account in respect of undisputed
statutory dues including provident fund, income tax, sales tax, wealth
tax, service tax, duty of customs, value added tax, cess and other
material statutory dues have been regularly deposited during the year
by the company with the appropriate authorities. As explained to us,
the company did not have any dues on account of employee's state
insurance and duty of excise. According to the information and
explanations given to us, no undisputed amounts payable in respect of
provident fund, income tax, sales tax, wealth tax, service tax, duty of
customs, value added tax, cess and other material statutory dues were
in arrears as at 31st March,2015 for a period of more than six months
from the date they became payable.
viii) The company does not have accumulated losses more than 50% of its
networth. The company has not incurred cash losses during the financial
year covered by audit.
ix) In our opinion and according to information & explanation given to
us the company has no due to financial institution or bank.
x) In our opinion and according to the information and the explanations
given to us, the Company has not given any guarantee for Loans taken by
other from banks or financial institutions; hence clause (x) of Para 4
of the Order is not is not applicable.
xi) According to the records of the company, the company has not
obtained any term loans. Hence, comments under the clause are not
called for.
xii) Based on the audit procedures performed and information's and
explanations given by the management, we report that no fraud on or by
the company has been noticed or reported during the course of our
audit.
For JSA & Associates
FRN:-324521E
Chartered Accountants
Place: Kolkata
Date: 28th May 2015 Sd/-
Soumitra Trivedi
Partner
Membership no.-062370
Mar 31, 2014
We have audited the atctir.ponyir.g iinatciai statements of STANLEY
SCXAFREL.L TRADE 4 FINANCE LIMITED, which comprise the Balance: Sheet
as at Karen 31 , 2014 and the Statement Of Profit and Lose for the year
then, ended, and a summary of significant accounting policies and the;
explanatory information.
MaKsgwsnt' s Responsibility for the Financial State-r.ents
Management is responsimle for tnc prepared ion of. these f inetncia,
statements that give a true and fair view of the financial position and
financial. performance of the Comj&ny in accordance with the Accounting
Standards referred to in sub-section (3C) cf section 211 of the
Companies Act, 1 956, This responsibility
include-: the design, implementatidfi and maintenance of internal
control relevant to the preparation and resents nor. oi the financial
statements that give a true ana fair view and ore free from material
misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responisibility is to express an opinion or. these financial
statement on our audit conducted our audit in actor dan to with, the
SLinda ids on Auditing issued by the Institude Chartered Accountants of
India. Those Standards require that we comply tilth ethical requirements
and plan and perform the audit to obtain reasonable assurance about
whether the financial statements aie free from material misstatement.
An audit involves performing procedures U obtain audit evidence about
tne amounts and ziiscicsures in tnc financial statements, The procedures
selected depend on the auditor's vudement, including the assessment. oF
the risks of material misstatement or the financial statements, whether
due to fraud or error,in making those @8 ament S', t.te auc.it or
considers internal. control relevant tt the Company's preparation and
fair presentaion. of the financial statements in order to design audit
procedures if- that are appropriate the cirumstance an so includes
evaluating the appropriateness oi account .eg po. icies used and the
reasonableness of tne accounting estimates made by management, as well
as evaluating the Overall pi esentation cf the financial statements.
We believe that the audit evidence we have obtained suf ifioient and
apprgpriate to- provide a casts for audit opinion.
Opinion
In our opinion and to the best of our informatiion and according to tbti
explanations giver: to us, the financial statements give the information
required by tne Act in the manner so requires, and give a true ana fair
view in conformity with the accounting principles generally accepted in
India: a m the case of tha Ealanca Sheet, of the state of affairs of the
Company as at March 31, 2014 and in the case of the Profit and Less
Account, of tnc profit foe the year ended on March 31 2014
I. As required by the Companies .Auditor's Reports Order, 2 2003 issued
bythe Central Government. of India in terns of sub-section (4A) of
section 227 of the Act, we give in the Annexure a abatement on the
matters specified in paragraphs 4 and 5 of the Order.
ii. As requited by seer ion 1T! ,2) of the Act, we report that:
a) We have retained ali .be information and explanai: -Ons which to the
rest oF our knowledge and belief wart necessary for the purpose of cur
audit:
o: In our opinion proper boohs cf account is required by law have
kept by the Company so far as -ppenrs from our examination of these
books.
c) The Balance Sheet and Statement of Profit ana Loss dealt with by
this Report, are in agreement with the hooks of account,
d) in our opinion, the Balance Sheet and Statement of Profit and Loss
comply with the Accounting Standards referred to in subsection (JC) of
sedition 211 the compamies res Act, 1956;
e On the basis of written representations received from the directors as
OH March 31, 2014 and taken on record by the Board of Directors, none of
the directors is disqualified as March 31 2014 2014 from appointee at a
director in terms of clause (g) of sub-seer: on (£) of section 274 of
the companies Act. 1956.
The Annexure referred to in paragraph 1 cf the Our Report o£ even date
to the members of STANLEY 5CHAPFELL TRADE 6 FINANCE LIMITED on the
accounts of the company for tine year ended 31st March, 2014 ,
I. a) According to information Lon find explanati on given to is the
company is maintaining proper records shoving full particulars,
including quantitative details and situation if fixed assets,
(b) Thy phycicaj Verification of fixed assets is carried out at
reasonable intervals by the management,
le) No Fixed Assets were disposed off during the financial year
concerned
II. The Company is not having inventory and therefore provisions of
clause
4(ii) is not applicable to the Company,
III, (a| According to the information and explanations given to us and
on the basis of our examination of the books cf 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, lift. Consequently, the provisions of clauses ill
(b), ill(cl and iii. (d) of the order are net applicable to the
Zorcpany.
(el According to tne information: in and explanations given to us and
on the basis of cur examination of the- bocks of account, the Company
has not taken loans from companies, firms or other parties listed in
the register maintained under Section 3.V of the Companies Act, 1956,
Thus sub clauses (f) 6 (g) arc not applicable to the company,
IV, Sines- the Company has purchased fixed assets therefore the
internal control procedure is applicable.
V. In our opinion and according to information & explanations given to
us,
there are no such transactions that need to be entered into s rocister
in pursuance of section 301 of the Act.
VI, The Company has not accepted any deposits from the public covered
under section 5SA and 55AA of the Ccanpriisies Iict, 1956.
VII. As per m formation 6 explanations given oy the management, the
Campany has an internal audit system commensurate with its size and the
nature cf its business.
VIII. According to Information & explanation given to us, the company
is not required tc maintain cost records aa prescribed by the Centre!
Government under clause (d) of sub-section (1) of sec tier. 209 of the
Act,
IX. According to the records cf the company, undisputed statutory dues
including Provider:'. Fund, Ir vestor Education and protection Fund,
Employees' State insurance, Income-tax, Saiee-tax, Wealth Tax, Service
Tax, Custom Duty, Excise Duty, cess to the extent applicable end any
other statutory dues have generally been regularly deposited with the
appropriate authorities. According to me information, and explanations
given to us there -ere no outstanding szatutory dues as ;n 31st of
March, 2014 for a period of more than six months from the date they
became payable.
(b) According tc the information and explanation fhnations given to .
mere it no amounts payable an rasped of income tax, wealth tan, service
tax, sales tax, customs duty and excise duty which have not oeen
dopesited an account of any disputes.
X. The Company . y net having accumulated losses mere than 50 of ts
net worth. the company has not incurred cash 1 cases during the
financial year covered by audit.
Xl - Based on our audit procedures and on the onformation: and
explanations given ty the management, we art of the opinion that, the
Company has not defaulted in repayment of dues financial tut ion, oanx
cr dtiBenture h.idera.
XII. kneotd ng to tne mformatJ.un and explanations given to us, the
Company has pot grantee loans and a even res on the basis or security
by way of pledge of shares, debentures and other securities.
XIU. The Company is not a chit fund or nidhi /mutual benefit
fund/society. Theretore, the provsison of this clause of the Companies
Auditor s Order, 2003 (as amendedI is nor appl i cable to the Company,
XI According to information and expio nation a given to us, the Company
is trading in Shares# fiat u a, funds i other investments. Proper
records i timely entries have been maihtaj|ned in this regard further
investments specified are held m their own name,
XV. According to the information and explanations given to us, the
Company has not givor. any guarant Fees for itan taken by others from a
bask or financial institition
XVI, Based or. our yudit procedures and an the information given by the
r.ar.ager.ert, we leperL that tne company .has not rai sed any term
loans during the year.
XVTI . Based cr the information and explanations giver: to us and on an
overall examination of the Balance Sheet of the Company as at 31s'
Marc.n, 2014, we report that no funds raised on short-term basis have
been used, for long-term i:vestment by the Company,
VIII. Based on .he audit procedures performed and the informs tier,
and cxplanati'-ns given to us by the management, we report that the
Company has hot made any preferential allotment of shares during the
year.
XIX. The Company ns no outstanding debentures iunr,a the period under
audit.
XX. The Company has hot raised any money by public . ssue during the
year.
XXI. Based Oh the audit procedures performed and the in formation. and
explanations giver, lo is, we report mat no fraud on or by the Company
has been noticed or reported during the year nor have we beer, informed
of such 5ase by the management.
For JSA A, Associates
Chartered Accountants
Firm Reg Mo -E24521E
Megha Damia
Place:- Kolkata Partner
Dated' 20,05 2014 Mem No- 067194
Mar 31, 2013
We have audited the accompanying financial statements of STANLEY
SCHAPPELL TRADE & FINANCE LIMITED, 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 and
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. 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; and
b) in the case of the Profit and Loss Account, of the loss for the year
ended on March 31, 2013
Report on other ligal and Regulatory Requirements
I. 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 Act, we give in the Annexure a statement on the
matters specified in paragraphs 4 and 5 of the Order.
II. 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 and 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 and 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 Annaxura referred to in paragraph 1 of the Our Report of even date
to the members of STANLEY SCHAPPELL TRADE 6 FINANCE LIMITED on the
accounts of the company for the year ended 31st March, 2013.'
I. (a) According to information and explanation given to us the company
is maintaining proper records showing full particulars, including
quantitative details and situation of fixed assets.
(b) The physical verification of fixed assets is carried out at
reasonable intervals by the management.
(c) No Fixed Assets were disposed off during the financial year
concerned.
II. The Company is not having inventory and therefore provisions of
clause 4(ii) is not applicable to the Company.
III. (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, 19S6. Thus
sub clauses (f) & (g) are not applicable to the company.
IV. Since the Company has purchased fixed assets therefore the
internal control procedure is applicable.
V. In our opinion and according to information & explanations given to
us, there are no such transactions that need to be entered into a
register in pursuance of section 301 of the Act.
X
VI. The Company has not accepted any deposits from the public covered
under section 58A and 58AA of the Companies Act, 1956.
VII. 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.
VIII. According to information & explanation given to us, the company
is not required to maintain cost records as prescribed by the Central
Government under clause (d) of sub-section (1) of section 209 of the
Act.
IX. (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 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 payabie 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.
X. The company is not having accumulated losses more than 50% of its
net worth.
The company has incurred cash losses during the financial year covered
by audit.
XI. Based on our audit procedures and on the information and
explanations given by the management, we are of the opinion that, the
Company has not defaulted in repayment of dues to a financial
institution, bank or debenture holders.
XII. According to the information and expianations given to us, the
Company has not granted loans and advances on the basis of security by
way of pledge of shares, debentures and other securities.
XIII. The Company is not a chit fund or a nidhi /mutual benefit
fund/society. Therefore, the provision of this clause of the Companies
(Auditor's Report) Order, 2003 (as amended) is not applicable to the
Company.
XIV. According to information and explanations given to us, the
Company is trading in Shares, Mutual funds & other Investments. Proper
records & timely entries have been maintained in this regard & further
investments specified are held in their own name.
XV. According to the information and explanations given to us, the
Company has not given any guarantees for loan taken by others from a
bank or financial institution.
XVI. Based on our audit procedures and on the information given by the
management, we report that the company has not raised any term loans
during the year.
XVII. Based on the information and explanations given to us and on an
overall examination of the Balance Sheet of the Company as at 31st
March, 2013, we report that no funds raised on short-term basis have
been used for long-term, investment by the Company.
xVIII. Based on the audit procedures performed and the information and
explanations given to us by the management, we report that the Company
has not made any preferential allotment of shares during the year.
XIX. The Company has no outstanding debentures during the period under
audit.
XX. The Company has not raised any money by public issue during the
year.
XXI. Based on the audit procedures performed and the information and
explanations given to us, 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 JSA & Associates
Chartered Accountants
Firm Reg. No. - 324521E
Dalmia
Partner
Mem No.067194
Mar 31, 2012
I. We have audited the attached Balance Sheet of STANLEY SCHAPPELL
TRADE & FINANCE LIMITED as at 31/03/2012 signed by us under reference
to this report and the relative Profit B Loss Account of the Company
for the year ended 31/03/2012 which is in agreement with the books of
account. 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.
II. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit and obtain reasonable assurance about whether the
Financial Statements 3re free of material misstatement. An audit
includes, examining, on a test basis, evidence supporting the amounts
and disclosures in the Financial Statement. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall fnancial statement
presentation. We believe that our audit provides reasonable basis for
our opinion.
III. We report as follows:
a) We have obtained all the information and explanations which to the
best of our knowledge and belief, were necessary far the purpose of our
Audit:
b) In our opinion proper Bocks of Accounts as required by Law have been
kept by the Company so far as appears from our examination of the
Books,
c) The Balance Sheet and Profit & Loss Account dealt with by the Report
are in agreement with the Books of Accounts,
d) In our opinion, the Profit and Loss Account and Balance Sheet comply
with the Accounting standards referred to in Section 211 (3C) of the
Companies Act, IBSG to the extent applicable:
e) In our opinion none of the Directors are disqualified from being
appointed as Director as per clause (g) of sub-section (I) of Section
274 of the Companies Act, I956
IV. In our opinion and to the best of our information and according to
the explanations given to us, the Balance Sheet and the Profit & Loss
Account read together with Notes thereon as required by the Companies
Act, I956 in the manner so required, give a true and fair view:
i) in the case of the Balance Sheet of the State of affairs of the
company as at 3I/Q3/2D12: and
ii) In the case of Profit & Loss Account, of the loss for the year
ended 31/03/2012.
V. As required by Companies (Auditors Report) Order 2004 issued by
Central Government of India in terms of section 227 (4A) of the
Companies Act. I95B. we enclose in the annexure a statement on the
matters specified in paragraphs 4 & 5 of the said order to extent
applicable.
Annexure to Auditors Report
i) The company is not having fixed assets and therefore provision of
clause 4(i) is not applicable to company,
ii) The company is not having inventory and therefore provision of
clause 4(ii) is not applicable to company,
iii) The company has not granted or taken any loans, secured or
unsecured to/from companies, firms or other parties covered in the
register maintained under section 301 of the Act and therefore
provision of clause 4(H) is not applicable to company.
iv) The company is not having fixed assets and inventories, therefore
provision of clause 4(iv) is not applicable to company
v) In our opinion and according tD information & explanations given to
us, there are no such transactions that need to be entered into a
register in pursuance of section 3DI of the Act
vi) In our opinion and according to information & explanation given to
us the company has not accepted deposits from the public,
vii) in our opinion the company has an adequate internal audit system
commensurate with its size and nature of its business,
viii) According to information & explanation given to us, the company
is not required to maintain cost records as prescribed by the Central
Government under clause (d) of sub-section (I) of section 209 of the
Act.
ix) (a) According to information & explanation given to us the company
is generally regular in depositing undisputed statutory dues including
Income tax, and any other material statutory dues with the appropriate
authorities.
(b) According to information & explanation given to us the company has
no disputed dues of sales tax/income tax/custom tax/wealth tax/excise
duty/cess.
x) The company does not have accumulated losses more than 50% of its
netwurth. The company, has incurred cash losses during the financial
year covered by audit.
xi) In our opinion and according to information & explanation given to
us the company has no dues to financial institution or bank.
xii) According to information & explanation given tu us. the company
has not granted loans and advances on the basis of security by way of
pledge of shares debenture and other documents.
xiii) According to information & explanation given to us, the
provisions of nidhi / mutual benefit fund/societies is not applicable
to company.
xiv) According to information & explanation given to us, the company is
dealing or trading in shares, securities, debentures and other
investments. The investments made by the company have been held by the
company, in its own name.
xv) According to information S explanation given to us, the company has
not given any guarantee for loans taken by others from bank or
financial institutions.
xvi) According to information & explanation given to us, no term loans
were obtained during the year.
xvii) According to information B explanation given to us and on overall
examination of balance sheet no funds raised on short-, term basis have
been used for long-term investment
xviii) According to information & explanation given to us the company
has not made any preferential allotment of shares to parties and
companies covered in the Register maintained under section 301 of the
Act
xix) According to information & explanation given to us no debentures
issued during the year.
xx) According to information & explanation given to us no public issues
have been made during the year.
xxi) According to information 8 explanation given to us no fraud on or
by the company has been noticed or reported during the year.
For JSA & Associates
Chartered Accountants
Firm Reg. No - 32452IE
Megha Dalmia
Place:- Kolkata Partner
Bated 26.05.2012 Mem No:-0G7I94