Mar 31, 2014
We have audited the accompanying financial statements of Shree Rang
Mark Travels Limited, which comprise the Balance Sheet as at March 31,
2014, and the Statement of Profit and Loss and Cash Flow Statement for
the year then ended, and a summary of significant accounting policies
and other explanatory information.
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
211of the Compliance Act, 1956 ("the Act").This responsibility includes
the design, implementation and maintenance of internal control relevant
to the presentation of the financial statements that give a true and
fair view and are free from material misstatement, whether due to fraud
or error.
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 of 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 in 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 procedure 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.
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 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; and
c) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
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 to those
books.
c) the Balance Sheet, Statement of Profit and Loss, 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 Companies Act, 1956;
e) on the basis of written representations received from the directors
as on March 31, 2014, and 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 clause (g) of sub section (1) of
section 274 of the Companies Act, 1956.
f) Since the Central Government has not issued any notification as to
the rate at which the cess is to be paid under section 441 A of the
Companies Act, 1956 nor has it issued any Rules under the said section,
prescribing the manner in which such cess is to be paid, no cess is due
and payable by the company.
The Annexure referred to in paragraph 1 of the Our Report of even date
to the members of Shree Rang Mark Travels Limited, on the accounts of
the company for the year ended 31st 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) According to the information and explanations given to us and on
the basis of our examination of the books of account, the Company has
taken loans from parties listed in the register maintained under
Section 301 of the Companies Act, 1956.
3. 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.
4. 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 301of
the Act have been entered in the register required to be maintained
under that section.
5. The Company has not accepted any deposits from the public covered
under section 58A, and 58 AA of the Companies Act, 1956.
6. The clause relating to internal audit system is not applicable to
the company.
7. Maintenance of cost records'' has been prescribed by the Central
Government under clause(d) of sub section (1) of section 209 of the Act
is not applicable to the company.
8. The company has no undisputed statutory dues payable to the
government outstanding as on the balance sheet date.
9. The company does not have any accumulated loss and has not incurred
cash loss during the financial year covered by our audit.
10. 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 taken any loan from the financial institutions and as
such the question of default does not arise.
11. 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.
12. The Company is not a chit fund or a nidhi/ mutual benefit
fund/society. Therefore, the provision of this clause of this Companies
(Auditor''s Report) Order, 2003 (as amended) is not applicable to the
Company.
13. According to information and explanations given to us, the Company
is conducting business related to tourism. Proper records & timely
entries have been maintained in this regard.
14. 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.
15. 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.
16. Based on the information and explanations given to us and on an
overall examination of the Balance Sheet of the Company Asat31st March,
2014,we report that no funds raised on short-term basis have been used
for long- term investment by the Company.
17. 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.
18. The Company had not issued any debentures during the period under
audit.
19. The Company has not raised any money by public issues during the
year.
20. 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 been informed of
such case by the management.
For B.K. Sen & Associates
Chartered Accountants
FRN No. 316103 E
(N. K. Sen)
Partner
Membership No. 052754
Place : Kolkata
Date : 31.05.2014
Mar 31, 2013
We have audited the accompanying financial statements of Shree Rang
Mark Travels Limited, which comprise the Balance Sheet as at March 31,
2013, and the Statement of Profit and Loss and Cash Flow Statement for
the year then ended, and a summary of significant accounting policies
and other explanatory information.
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.
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 in 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.
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 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.
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, 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 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.
f) Since the Central Government has not issued any notification as to
the rate at which the cess is to be paid under section 441A of the
Companies Act, 1956 nor has it issued any Rules under the said section,
prescribing the manner in which such cess is to be paid, no cess is due
and payable by the Company.
The Annexure referred to in paragraph 1 of the Our Report of even date
to the members of Shree Rang Mark Travels 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 off during the year and
therefore does not affect the going concern assumption.
2. (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), (c) and (d) of the order are not applicable to the Company.
(b) According to the information and explanations given to us and on
the basis of our examination of the books of account, the Company has
taken loans from parties listed in the register maintained under
Section 301 of the Companies Act, 1956.
3. 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.
4. 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.
5. The Company has not accepted any deposits from the public covered
under section 58A and 58AA of the Companies Act, 1956.
6. The clause relating to internal audit system is not applicable to
the company.
7. Maintenance of cost records'' has been prescribed by the Central
Government under clause (d) of sub-section (1) of section 209 of the
Act is not applicable to the company.
8. The company has undisputed statutory dues payable to the government
outstanding as on the balance sheet date.
9. The Company does not have any accumulated loss and has not incurred
cash loss during the financial year covered by our audit.
10. 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 taken any loan from the financial institutions and as
such the question of default does not arise.
11. 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.
12. 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.
13. According to information and explanations given to us, the Company
is conducting business related to tourism. Proper records & timely
entries have been maintained in this regard.
14. 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.
15. 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.
16. 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.
17. 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.
18. The Company had not issued any debentures during the period under
audit.
19. The Company has not raised any money by public issue during the
year.
20. 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 P. Mukherjee & Co
Chartered Accountants
G.C.Mukherjee
Partner
Mem No.017630
Date : 31/05/2013
Place : Kolkata
Mar 31, 2012
We have audited the attached Balance Sheet of SHREE RANG MARK TRAVELS
LIMITED as at 31st march 2012 and also the Profit and Loss Account for
the year ended on the 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 have 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 statement is free of material misstatements. An audit
includes examining, on test basic, 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 statements
presentation. We believe that our audit provides a reasonable basis for
our opinion.
We report as follows:
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
Companies Act, 1956, we enclose in the Annexure a statement on the
matters specified in the paragraphs 4 and 5 of the said Order.
2 Further to our comments in the annexure referred to in paragraph 1
above:
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) 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 this
reports are in agreement with the books of accounts.
d) In our opinion, the Balance Sheet and Profit & Loss Account dealt
with by this reports comply with the Accounting Standards referred to
in sub-section (3C) of Section 211 of the companies Act, 1956.
e) On the basis of the written representations received from the
Directors as on 31st march 2012 and taken on record by the Board of
Directors, we do hereby certify that none of the Directors of the
Company i.e. SHREE RANG MARK TRAVELS LIMITED as on 31st March 2012 is
disqualified From being appointed as a director in the aforementioned
company in terms of clause (g) of sub-section (1) of Section 274 of the
companies. Act, 1956 on the said date.
f) In our opinion and to the best of our infonnation and according to
the explanation given to us, the said accounts, read together with the
significant Accounting policies and Notes forming part of accounts,
give the information required by the companies Act, 1956 in the manner
accounting principles generally accepted in India;
i) In the case of the Balance Sheet, of the State of Affairs of the
company as on 31st March 2012;
ii) In the case of the Profit and Loss account, of the Loss of the
Company for the year ended on the date.
Referred to in paragraph 1 of our Report of even date:
1. The Company has no Fixed Assets during the year under Audit.
2. The securities are held as Investment by the company.
3. The Company has not granted / taken Unsecured Loan to/from
Companies, firms or other parties listed in the Register maintained
under Section 301 of Companies Act, 1956.
4. In our opinion the Company has an Internal Control System to
commensurate with its size and nature of its business.
5. In our opinion and according to the information given to us, the
transactions that need to be entered in the register maintained under
section 301 of the Companies Act, 1956 have been so entered.
6. In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public and
therefore, the provisions of Section 58A and 58AA of the Companies
Act,1956 and Rules under are not applicable to the Company.
7. The clause relating to the Internal Audit System is not applicable
to the Company.
8. Maintenance of Cost Records under Section 209(1 )(d)of the
Companies Act, 1956 are not applicable to the Company.
9. The Company has no undisputed statutory dues payable to the
government outstanding for more than six months as on the balance sheet
date.
10. The company has not accumulated losses as at 31 March 2012 which
more than 50% of the net worth of the Company.
11. According to the records of the company examined by us and on the
basis of information & explanations given to us, the Company has not
defaulted in repayment of its dues to any financial institution or
banks during the year.
12. 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 and other securities.
13. The provisions of any Special Statute applicable to chit fund,
nidhi or Mutual fund benefit/societies are not applicable to the
company.
14. The Company has maintained proper records of transaction and
contracts in respect of investment in shares, securities, debentures
and other investment and timely entries have been made therein. All
shares debentures and other investment have been held by the Company in
its own name.
15. According to the information any explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial and therefore paragraph 4(xv) Of the order is not
applicable to the Company.
16. No Term loans have taken during the year of Audit.
17. On the basis of an overall examination of the financial statements
of the company, there are no funds raised on a short term basis which
have been used for long term investment and vise versa.
18. The Company has not made any preferential allotment of shares
during the year to any parties and companies covered in the Register
maintained under Section 301 of the Companies Act, 1956.
19. The Company has not issued any debentures during the year.
20. The Company has not raised any money by public issues during the
year.
21. To the best of our knowledge and explanations gives to us, no
fraud on or by the company has been noticed or reported during the
year.
For Soumitro Mukherjee & Co.
Chartered Accountants
C. A. S. Mukherjee
Place: Mumbai Proprietor
Dated: 28.06.2012 Membership No. 55585
Mar 31, 2009
We have audited the Attached Balance Sheet of Shri Rang Mark Travels
Ltd. As at 31st March 2009 also the Profit & Loss A/c. and for the year
ended on the date annexed thereto. These financial statement are the
responsibility of the companys management. Our responsibility is
tetexpress^n opinion on these-financial statement based on our audit.
We conducted our audit iruaccordancewith the auditing standards
generally aeeepted in India Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the_
financial statement are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amount and
disclosures in the financial statement. 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.
As required by the Companies (Auditors Report) Order, 2003 issued by
the Central Governmentroflndia in term of Sub-sectiorT(4A) of section
227 of the Companies Act,1956. We enclose in the Annexure a statement
on the matters specified in the paragraphs 4 and 5 of the said order.
Further to our comments in the Annexure referred to above, we report
that:
I) We have obtained all the information and explanations. Which to our
best knowledge and belief were necessary for the purposes of our audit.
II) In our opinion, proper books of accounts 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 & Loss A/c Statement dealt by this
report are in the agreement with the books of accountants.
IV) In our opinion, the Balance Sheet, Profit & Loss A/c Statement
dealt with by this report company with the according standards referred
to in sub-section (3c) of section 211 of the Companies Act, 1956
V) On the basis of written representations received from the directors,
as on 31st March 2009 and taken on record by the Board of Directors, We
report that none of the directors is disqualified as on 31st March 2009
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 according4o
the explanation given to us the said accounts read together with
Accounting Polices and Notes thereon give the information required by
the Companies Act, 1956 in the manner so required and give a true and
fair view in conformity with the accounting principles generally
accepted in India.
a) In the case of the Balance Sheet, of the state of affairs of the
Compariy as at 31st March 2009
b) In the case of Profit & Loss A/c. of the Profit of the Company for
the year ended on that date: and
ANNUXURE TO THE AUDITORS REPORT Referred to in-paragraph 1 of our
Rcpojtof even-date:
1. a).JThe Company has maintained proper records showing full
particulars jncluding quantitative details and situation of fixed
assets.
b) All the assets have been physically verified by the management
during the year but there is regular program of verification. Which in
our opinion, is reasonable having regard to the size of the Company and
the nature Tof its assets. As explained the reconciliation of physical
inventory of all assets with book records is almost over and the
Company i&Jn process of reconciliation of physical-inventory with
book-records in respect of all the assets.
c) During the year, Company has not disposed of any substantial/major
part of fixed assets.
2. (a) As explained to us, the inventory has been physically verified
during the year by the management. In our opinion, the frequency of
verification is reasonable.
(b)ln our opinion and according to the information and explanations
given to us, the procedures of physical verification of inventory
followed the 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 and on the basis of our examination of the records of
inventory, the Company is maintaining proper records of inventory the
discrepancies noticed on physical verification of inventory as compared
to the book records were not material and have been properly dealt with
in the books of account.
3. (a) according to information and explanations given to us, the
Company has not taken loan from the parties listed in the Register
maintained under Section 301 of the Companies Act, 1956 : also the
Company has not granted any an unsecured loan to any associates
Company, listed in the Register maintained under section 301 of the
Companies Act, 1956
(b) According to the information -and explanations given to us, in our
opinion, the rate of interest and other terms and conditions of above
loan granted by the Company, are not prima facie, prejudicial to the
company.
(d) There is no overdue amount of loan granted to the company listed in
the register - maintained under section 301 of the Companies Act, 1956.
4. In our opinion and according to the information and explanations
given to us, there are adequate internal control procedure commensurate
with the size of the Company and nature of its business. During the
course of our audit, no major weakness has been noticed in the internal
controls.
5. In our opinion and according to the information and explanations
given to us, the Company has not accepted deposits from the public
andtherefore, the provisions of section 58A and 58AA of Companies Act,
1956, and Rules there under are not applicable to the Company.
6. In our opinion, an internal audit system is not applicable to the
company.
7. We have broadly reviewed the books of account maintained by the
company. The company is not required to maintain cost records as
prescribed by Central Government u/s 209 (1) (d) of the Companies Act,
1956. as it did not carry any manufacturing activity and are of the
opinion that prima-facie the prescribed accounts and records have been
maintained. We have not, however, made a detailed examinations of the
records with a view to determining, whether they are accurate
or-Complete.
8. As per the information and explanations given to us, no undisputed
amount payable in respect of Income tax, custom duty and excise duty
were remaining outstanding as on 31 March, 2009SS for a period of six
months form the date they become payable.
9. Based on our audit procedures and on the basis of information and
explanations given by the management, we are of the opinion that the
company has not defaulted in the repayment to dues to financial
institutions. Banks and debentures and other securities.
10. 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 and other securities.
11. The provisions of any special status applicable to Chit Fund, Nidhi
or Mutual Benefit Fund/ Societies are not applicable to the company.
12. According to the information and explanations given to us, the
company has not given any guarantee for loans taken by others from
banks and financial institutions.
13. To the best of our knowledge and belief and according to the
information and explanations given to us, the company has not availed
any term loan hence question of its application for the purpose for
which it is obtained does not arise.
14.The company has not made any preferential allotment to parties and
companies covered under register maintained under section 301 of the
Companies Act,-1956.
Duringiheyear at the question of whether the price at which of the
shares have been issued is prejudicial to the interest of the Company
does not arise.
15. The company has not raised money by any public issues during the
year.
16. To the best of our knowledge and belief and according to the
information and explanations given to us, no fraud on or by the company
was noticed or reported during the year.
For, Anand Gupta & Co.
(Chartered Accountants)
(Anand Gupta)
Proprietor
Mem. No.77615
Date: 08-06-2009
Place: Ahmedabad