Mar 31, 2014
1. We have audited the accompanying financial statements of Uniworth
Securities Limited ("the Company") which comprise the Balance Sheet as
at 31 March 2014, the Statement of Profit and Loss and the Cash Flow
Statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.
MANAGEMENT''S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
2. The Company''s management is responsible for the preparation of these
financial statements that give a true and fair view of the financial
position, financial performance and cash flows of the Company in
accordance with the Accounting Standards referred to in sub-section
(3C) of section 211 of the Companies Act, 1956 ("the Act") read with
General Circular 15/2013 of the Ministry of Corporate Affairs in
respect of Section 133 of the Companies Act, 2013. This responsibility
includes the design, implementation and maintenance of internal control
relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
AUDITOR''S RESPONSIBILITY
3. 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.
4. 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, but not for the purpose of expressing an opinion on
effectiveness of the companies internal control. 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.
5. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
OPINION
6. 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 31 March 2014;
b) in the case of the statement of profit and loss, 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.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
7. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order"), as amended, 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.
8. 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, read with
General Circular 15/2013 of the Ministry of Corporate Affairs in respect
of Section 133 of the Companies Act, 2013; and
e. On the basis of written representations received from the directors
as on 31 March 2014, and taken on record by the Board of Directors,
none of the directors are disqualified as on 31 March 2014, from
being appointed as a director in terms of clause (g) of sub-section (1)
of Section 274 of the Companies Act, 1956.
ANNEXURE TO THE INDEPENDENT AUDITORS'' REPORT
Referred to in paragraph 7 of the Independent Auditors'' Report of even
date to the members of Uniworth Securities Limited on the financial
statements for the year ended March 31, 2014.
i) a) Proper records showing full particulars, including quantitative
details, situation of Fixed assets are under up-dation.
b) Fixed assets have been physically verified by the management during
the year, which in our opinion is reasonable having regard to the size
of the company and the nature of its fixed assets. As informed no
material discrepancies were noticed on such physical verification.
c) The Company has not disposed any of its fixed assets during the
year.
ii) a) As explained to us, the management has conducted physical
verification of inventory at reasonable intervals during the year.
b) The procedure of physical verification of inventory followed by the
management are,in our opinion, reasonable and adequate in relation to
the size of the company and nature of its business.
c) The company is maintaining proper records of inventory and no
discrepancies were noticed on physical verification.
iii) a) The Company has not granted any loan,secured or unsecured, to
Companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act 1956.Accordingly,clauses (iii)(b)
to (iii)(d) of paragraph 4 of the Order are not applicable to the
company for the current year.
b) The company has not taken any loans, secured or unsecured, from
Companies,firms or other parties covered in register maintained under
section 301 of the Companies Act,1956. Accordingly, clauses(iii)(f) and
(iii)(g) of the order are not applicable.
iv) In our opinion and according to information and explanations given
to us, there are adequate internal control procedures commensurate with
the size of the company and the nature of its business with regard to
purchase of inventory and fixed assets and for the sale of the goods.
During the course of our audit, we have not observed any major weakness
in such internal control system.
v) According to the information and explanations given to us, we are of
the opinion that there are no contracts or arrangements referred to in
Section 301 of the Companies Act,1956, that needs to be entered into
the register maintained under section 301 of the Companies
Act,1956.Accordingly, clause 4(v)(b) of the order is not applicable to
the Company and no further comments are made.
vi) The company has not accepted any deposit from public.
vii) The company has appointed a firm of Chartered Accountants to
conduct the internal audit of the Company. The extent of internal
audit is commensurate to the size and nature of the business of the
company.
viii) Maintenance of Cost records as prescribed by the Central
Government under section 209(1)(d) of the Companies Act, 1956 are not
applicable.
ix) a) 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 and Cess
have generally been regularly deposited with appropriate authorities.
b) According to information and explanation given to us, no undisputed
amounts payable in respect of Income Tax, Sales Tax, Wealth Tax, Custom
Duty, Excise Duty and Cess were outstanding as at 31st March, 2014 for
a period of more than six months from the date they became payable.
x) The company has no accumulated losses at the end of the financial
year and it has not incurred cash losses in the current year and in
immediately preceding financial year.
xi) Based on our audit procedure and as per the information and
explanation given by the management, the Company has not issued any
debentures.
xii) According to information and explanation given to us and based on
the documents and records produced to us, the company has not granted
loans and advances on the basis of security by way of pledge of shares,
debenture and other securities.
xiii) In our opinion the company is not a chit fund/mutual benefit
fund/society. Accordingly the provision of clause 4(xiii) of the
Companies (Auditors Report), 2003 are not applicable to the Company.
xiv) In respect of dealing/trading in shares, securities and other
investments, in our opinion and according to information and explanation
given to us, proper records have been maintained of the transactions and
contracts and timely entries have been made therein. The shares and
other securities have been held by the company in its own name.
xv) According to information and explanation given to us the company
has not given guarantee for loan taken by others from banks or
financial institution.
xvi) The Company has not raised any term loans.
xvii) According to information and explanation given to us and overall
examination of the balance sheet and cash flow statement of the company
we report that no funds raised on short-term basis have been used for
long- term.
xviii) The company has not made any preferential allotment of shares to
parties or companies covered in the register maintained u/s 301of the
Companies Act, 1956.
xix) The Company has not issued any debentures during the year and does
not have any debentures outstanding as at the beginning of the year.
xx) The company has not raised any money through a public issue during
the year.
xxi) Based upon the audit procedure performed for the purpose of
reporting true and fair view of the financial statement and as per
information and explanation 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 R. K.Chandak & Co.
Chartered Accountants
Firm Registration No. 319248E
Binay Sharma
Place : Kolkata Partner
Date : The 27th day of May, 2014 Membership No. 065863
Mar 31, 2012
1. We have audited the attached Balance Sheet of M/s. UNIWORTH
SECURITIES LIMITED as at March 31, 2012 and the relative Statement of
Profit and Loss Account for the year ended on that date annexed thereto
and the Cash flow statement for the year ended on that date, in which
are incorporated the accounts of Kolkata office and Mumbai office
thereof audited by us. These financial statements are the
responsibility of management of the Company. Our responsibility is to
express an opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes, examining on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the
financial statements. We believe that our audit provides a reasonable
basis for our opinion.
3. 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.
4. 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
these books.
5. The Balance Sheet and Statement of Profit and Loss Account dealt
with by this report are in agreement with the books of account.
6. In our opinion, these financial statements have been prepared in
compliance with the applicable accounting standards referred to in
Section 211 (3C) of the Act.
7. Based on the representations made by all the Directors of the
Company as on March 31, 2012 and taken on record by the Board of
Directors of the Company and in accordance with the information and
explanations as made available, the Directors of the Company do not,
prima facie, have any disqualification as referred to in Clause (g) of
subsection (1) to Section 274 of the Act.
8. In our opinion, and to the best of our information and according to
the explanations given to us, the Balance Sheet and Statement of Profit
and Loss Account together with the Notes thereon and attached thereto
give in the prescribed manner the information required by the 'Act' and
also give respectively, a true and fair view in conformity with the
accounting principles generally accepted in India:
i) In the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2012; and
ii) In the case of the Statement of Profit and Loss Account, of the
Profit for the year ended on that date.
iii) In the case of Cash Flow Statement, of the cash flows for the year
ended on that date.
9. As required by the Companies (Auditor's Report) Order 2003 as
amended by the Companies (Auditor's Report) (Amendment Order,2004(the
"Order") issued by the Central Government of India in terms of
sub-section (4A) of Section 227 of the Companies Act, 1956, and on the
basis of such checks as we considered appropriate and according to the
information and explanations given to us, we further state on the
matters specified in paragraphs 4 and 5 of the said Order :
i) a) Proper records showing full particulars, including quantitative
details, situation of Fixed assets are under up-dation.
b) Fixed assets have been physically verified by the management during
the year, which in our opinion is reasonable having regard to the size
of the company and the nature of its fixed assets. As informed no
material discrepancies were noticed on such physical verification.
c) The Company has not disposed any of its fixed assets during the
year.
ii) a) The management has conducted physical verification of inventory
at reasonable intervals during the year.
b) The procedure of physical verification of inventory followed by the
management are, in our opinion, reasonable and adequate in relation to
the size of the company and nature of its business.
c) The company is maintaining proper records of inventory and no
discrepancies were noticed on physical verification.
iii) a) The Company has not granted any loan ,secured or unsecured, to
Companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act 1956.Accordingly,clauses (iii)
(b) to (iii)(d) of paragraph 4 of the Order are not applicable to the
company for the current year.
b) The company has not taken any loans, secured or unsecured, from
Companies, firms or other partiescovered in register maintained under
section 301 of the Companies Act,1956. Accordingly,
clauses(iii)(f)and(iii)(g) of the order are not applicable.
iv) In our opinion and according to information and explanations given
to us, there are adequate internal control procedures commensurate with
the size of the company and the nature of its business with regard to
purchase of inventory and fixed assets and for the sale of the goods.
During the course of our audit, no major weakness has been noticed in
the internal control in respect of these areas.
v) According to the information and explanations given to us, we are of
the opinion that there are no contracts or arrangements referred to in
Section 301 of the Companies Act ,1956, that needs to be entered into
the register maintained under section 301 of the Companies Act
,1956.Accordingly, clause 4(v)(b) of the order is not applicable to the
Company and no further comments are made.
vi) The company has not accepted any deposit from public.
vii) The company has appointed a firm of Chartered Accountants to
conduct the internal audit of the Company. The extent of internal
audit is commensurate to the size and nature of the business of the
company.
viii) Maintenance of Cost records as prescribed by the Central
Government under section 209(1)(d) of the Companies Act, 1956 are not
applicable.
ix) a) 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 and Cess
have generally been regularly deposited with appropriate authorities.
b) According to information and explanation given to us, no undisputed
amounts payable in respect of Income Tax, Sales Tax, Wealth Tax, Custom
Duty, Excise Duty and Cess were outstanding as at 31st March, 2012 for
a period of more than six months from the date they became payable.
c) According to the records of the Company the dues outstanding of
Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise
Duty and Cess on account of any dispute are as follows
Name of the Statute Nature of Dues Amount Forum where dispute
(Rs.) is pending
Income Tax Act,1961 Demand for Tax for 809,612/- Assessing Officer
Assessment year
2006-07
x) The company has no accumulated losses at the end of the financial
year and there is no cash loss in the current year and in immediately
preceding financial year.
xi) Based on our audit procedure and as per the information and
explanation given by the management, there is no debentures issued by
the Company.
xii) According to information and explanation given to us and based on
the documents and records produced to us, the company has not granted
loans and advances on the basis of security by way of pledge of shares,
debenture and other securities.
xiii) In our opinion the company is not a chit fund/mutual benefit
fund/society. Accordingly the provision of clause 4(xiii) of the
Companies (Auditors Report) ,2003 are not applicable to the Company.
xiv) In respect of dealing/trading in shares, securities and other
investments, in our opinion and according to information and
explanation given to us, proper records have been maintained of the
transactions and contracts and timely entries have been made therein.
The shares and other securities have been held by the company in its
own name.
xv) According to information and explanation given to us the company
has not given guarantee for loan taken by others from banks or
financial institution.
xvi) No term loan have been taken by the Company.
xvii) According to information and explanation given to us and overall
examination of the balance sheet and cash flow statement of the company
we report that no funds raised on short-term basis have been used for
long-term.
xviii) The company has not made any preferential allotment of shares to
parties or companies covered in the register maintained u/s 301of the
Companies Act, 1956.
xix) There are no debentures issued by the Company.
xx) The company has not raised any money through a public issue during
the year.
xxi) Based upon the audit procedure performed for the purpose of
reporting true and fair view of the financial statement and as per
information and explanation 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 R. K.Chandak & Co.,
Chartered Accountants
Firm Registration No. 319248E
Rajesh Kumar Chandak
Place : Kolkata
Partner
Date : the 28th day of August, 2012 Membership No. 300-54637
Mar 31, 2011
1. We have audited the attached Balance Sheet of M/s. UNIWORTH
SECURITIES LIMITED as at March 31, 2011 and the relative Profit and
Loss Account for the year ended on that date annexed thereto and the
Cash flow statement for the year ended on that date, in which are
incorporated the accounts of Kolkata office and Mumbai office thereof
audited by us. These financial statements are the responsibility of
management of the Company. Our responsibility is to express an opinion
on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes, examining on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the
financial statements. We believe that our audit provides a reasonable
basis for our opinion.
3. 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.
4. 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
these books. j
5. The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account.
6. In our opinion, these financial statements have been prepared in
compliance with the applicable accounting standards referred to in
Section 211 (3C) of the Act.
7. Based on the representations made by all the Directors of the
Company as on March 31, 2011 and taken on record by the Board of
Directors of the Company and in accordance with the information and
explanations as made available, the Directors of the Company do not,
prima facie, have any disqualification as referred to in Clause (g) of
subsection (1) to Section 274 of the Act.
8. In our opinion, and to the best of our information and according to
the explanations given to us, the Balance Sheet and Profit and Loss
Account together with the Notes thereon and attached thereto give in
the prescribed manner the information required by the 'Act' and also
give respectively, a true and fair view in conformity with the
accounting principles generally accepted in India:
i) In the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2011; and ii) In the case of the Profit and
Loss Account, of the Profit for the year ended on that date. iii) In
the case of Cash Flow Statement, of the cash flows for the year ended
on that date.
9. As required by the Companies (Auditor's Report) Order 2003 as
amended by the Companies Act (Auditors Report) (Amendment Order, 2004)
(the "Order") issued by the Central Government of India in terms of
sub- section (4A) of Section 227 of the Companies Act, 1956, and on the
basis of such checks as we considered appropriate and according to the
information and explanations given to us, we further state on the
matters specified in paragraphs 4 and 5 of the said Order:
i) a) Proper records showing full particulars, including quantitative
details, situation of Fixed assets are under updation.
b) Fixed assets have been physically verified by the management during
the year, which in our opinion is reasonable having regard to the size
of the company and the nature of its fixed assets. As informed no
material discrepancies were noticed on such physical verification.
c) The Company has not disposed any of its fixed assets during the
year.
ii) a) The management has conducted physical verification of inventory
at reasonable intervals during the year.
b) The procedure of physical verification of inventory followed by the
management are, in our opinion, reasonable and adequate in relation to
the size of the company and nature of its business.
c) The company is maintaining proper records of inventory and no
discrepancies were noticed on physical verification.
iii) a) The Company has not granted any loan .secured or unsecured, to
Companies firms or other parties covered in the register maintained
under section 301 of the Companies Act 1956. Accordingly, clauses (iii)
(b) to (iii) (d) of paragraph 4 of the Order are not applicable to the
company for the current year. b) The Company has not taken any loans,
secured or unsecured, from Companies, firms or other parties covered in
the register maintained under section 301 of the Companies Act 1956.
Accordingly clauses (iii) (f) and (iii) (g) of the order are not
applicable.
iv) in our opinion and according to information and explanations given
to us, there are adequate internal control procedures commensurate with
the size of the company and the nature of its business with regard to
purchase of inventory and fixed assets and for the sale of the goods.
During the course of our audit, no major weakness has been noticed in
the internal control in respect of these areas.
v) According to the information and explanations given to us, we are of
the opinion that there are no contracts or arrangements referred to in
Section 301 of the Companies Act, 1956, that needs to be entered into
the register maintained under section 301 of the Companies Act, 1956.
Accordingly, clause 4(v)(b) of the order is not applicable to the
Company and no further comments are made.
vi) The company has not accepted any deposit from public.
vii) The company has appointed a firm of Chartered Accountants to
conduct the internal audit of the Company. The extent of internal
audit is commensurate to the size and nature of the business of the company.
viii) Maintenance of Cost records as prescribed by the Central Government
under section 209(1 )(d) of the Companies Act, 1956 are not applicable.
ix) a) 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 and Cess have generally been
regularly deposited with appropriate authorities .
b) According to information and explanation given to us, no undisputed
amounts payable in respect of Income Tax, Sales Tax, Wealth Tax, Custom
Duty, Excise Duty and Cess were outstanding as at 31st March, 2011 for
a period of more than six months from the date they became payable.
c) According to the records of the Company the dues outstanding of
Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise
Duty & cess on account of any dispute are as follows, t
Name of
Statute Nature of Dues Amount Forum where dispute
(Rs.) is pending
Income Tax Demand for Tax for 8,09,612/- Commissioner of
Act 1961 Assessment
year 2006-07 Income Tax (Appeals)
x) The company has no accumulated losses at the end of the financial
year and there is no cash loss in the current year and in immediately
preceding financial year.
xi) Based on our audit procedure and as per the information and
explanation given by the management, there is no debentures issued by
the Company.
xii) According to information and explanation given to us and based on
the documents and records produced to us, the company has not granted
loans and advances on the basis of security by way of pledge of shares,
debenture and other securities.
xiii) In our opinion the company is not a chit fund/mutual benefit
fund/ society. Accordingly the provision of clause 4(xiii) of the
Companies (Auditors Report) ,2003 are not applicable to the Company.
xiv) In respect of dealing/trading in shares, securities and other
investments, in our opinion and according to information and
explanation given to us, proper records have been maintained of the
transactions and contracts and timely entries have been made therein.
The shares and other securities have been held by the company in its
own name.
xv) According to information and explanation given to us the company
has not given guarantee for loan taken by others from banks or
financial institution.
xvi) No term loan have been taken by the Company.
xvii) According to information and explanation given to us and overall
examination of the balance sheet and cash flow statement of the company
we report that no funds raised on short-term basis have been used for
long-term.
xviii) The company has not made any preferential allotment of shares to
parties or companies covered in the register maintained u/s 301 of the
Companies Act, 1956. xix) There are no debentures issued by the
Company.
xx) The company has not raised any money through a public issue during
the year.
xxi) Based upon the audit procedure performed for the purpose of
reporting true and fair view of the financial statement and as per
information and explanation 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 R. K.Chandak & Co.,
Chartered Accountants
Firm Registration No. 319248E
Rajesh Kumar Chandak
Place: Kolkata Partner
Date : the 25th day of August, 2011 Membership No. 300-54637
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