Mar 31, 2015
We have audited the accompanying financial statements of M/s.
BRAHMANAND HIMGHAR LIMITED which comprise the Balance Sheet as at 31st
March, 2015 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'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 flow of the Company in accordance with the
accounting principles generally accepted in India, including Accounting
Standards specified under section 133 of the Act, read with Rule 7 of
the Companies (Accounts) Rules,2014. This responsibility also includes
maintenance of adequate accounting records in accordance with the
provisions of the Act for safeguarding the assets of the Company and
for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies; making judgements
and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial control,
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 an opinion on these financial
statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards and
matters which are required to be included in the audit report under the
provisions of the Act and Rules made there under.
We conducted our audit in accordance with the Standards on Auditing
specified under section 143(10) of the Act. Those Standards require
that we comply with 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 judgement, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal financial control relevant to the Company's
preparation of the financial statements that give a true and fair view
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on
whether the Company has in place an adequate internal financial control
system over financial reporting and the operating effectiveness of such
controls. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of the accounting
estimates made by the Company's Directors, as well as evaluating the
overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the financial
statements..
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as
at 31st March,2015 and its profit and its cash flows for the year ended
on that date.
Report on other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order,2015 ('the
Order') issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in Annexure a
statement on the matters specified in the paragraph 3 and 4 of the
Order, to the extent applicable.
2. The company is registered with Reserve Bank of India as Non Banking
Finance Company Vide Registration No -B-05.02695 dt 09.08.2001.
Additional Particulars as required by Reserve Bank of India under Non-
Systematically Important Non-Banking Financial ( Non-Deposit Accepting
or Holding) Companies Prudential Norms (Reserve Bank) Directions,2015
are attached, under separate Annexure -I
3. 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 Balance Sheet, the 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 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 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, and
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 knowledge and belief
and according to the information and explanations given to us. :
i) The Company has no pending litigations on its financial position as
at 31st March,2015 .
ii) The Company has no material foreseable losses on long term
contracts including derivative contracts as on 31st March,2015.
iii) There has been no amount required to be transferred to the
investor Education and Protection fund by the Company during the year
ended 31st March, 2015.
Re. : BRAHMANAND HIMGHAR LIMITED(31.03.2015)
Annexure referred to in our Independent Auditors' Report to the members
of the Company on the standalone financial statements for the year
ended 31 March, 2015,
i) a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets.
b) The fixed assets are physically verified by the Management at
reasonable intervals during the year and no material discrepancies have
been noticed on such verification.
ii) The company does not have any inventory. Hence the provisions of
paragraph 4(ii)(a) to 4(ii)(c) of the order are not applicable.
iii) The Company has not granted any secured / unsecured loans to firms
or other parties covered in the register maintained under section 189
of the Act. Hence the provisions of paragraph 4(iii)(a) to 4(iii)(b) of
the order are not applicable.
iv) In our opinion and according to the information and explanation
given to us, there are adequate internal control system, commensurate
with the size of the company and the nature of its business for the
purchase of inventory and fixed assets and for the sale of
shares/securities and services. Further, on the basis of our
examination of the books and records of the Company, and according to
the information and explanations given to us, we have neither come
across, nor have been informed of, any continuing failure to correct
major weaknesses in the aforesaid internal control system.
v) The Company has not accepted any deposits from the public within the
meaning of sections 73 and 74 of the Act and the rules framed there
under to the extent notified.
vi) In our opinion and according to the information and explanation
given to us, the activities carried out by the Company do not require
maintenance of any cost records.
vii) a) According to the information and explanations given to us and
the records of the Company examined by us, in our opinion, the Company
is regular in depositing the undisputed statutory dues like Income tax,
Provident Fund and other material statutory dues, as applicable, with
the appropriate authorities.
b) In our opinion, and according to information & explanation given to
us, there are no disputed statutory dues, which have not been deposited
on account of any deposit.
viii) The Company has no accumulated losses as at the end of the
financial year and it has not incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
ix) According to the records of the Company examined by us and the
information and explanation given to us, the Company has not defaulted
in repayment of dues to any financial institution or bank or debenture
holders as at the balance sheet date.
x) In our opinion, and according to the information and explanations
given to us, the terms and conditions of the guarantees given by the
Company for loans taken by others from banks or financial institutions
during the year are not prejudicial or the interest of the Company.
xi) In our opinion and as per explanations given to us , the term loan
taken by the company were applied for the purpose for which the loan
was taken.
xii) During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and
explanations given to us, we have neither come across any instance of
material fraud on or by the Company, noticed or reported during the
year, nor have we been informed of any such case by the Management.
For KHANDELWAL PRAJAPATI & CO.
Chartered Accountants,
Firm Registration No. 313154E
PLACE : KOLKATA (SAMIR KUMAR POLAI)
DATED : 30/05/2015 Partner
Membership No. - 303724
Mar 31, 2014
We have audited the accompanying financial statements of Brahmanand
Himghar Limited ("the Company"), which comprise the Balance Sheet as at
March 31, 2014, and the Statement of Profit and Loss and Cash Flow
Statement for the year ended, and a summary of significant accounting
policies and other explanatory information.
Management''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act"). This responsibility includes
the design, implementation and maintenance of internal control relevant
to the preparation and presentation of the financial statements that
give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India:
a) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2014.
b) in the case of the 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 & Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that.
a) we have obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purpose of our
audit;
b) in our opinion proper books of account as required by law have been
kept by the Company so far as appears from our examination of those
books.
c) the Balance Sheet, Statement of Profit and Loss, 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
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, 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.
(Referred to in paragraph 1 under ''Report on Other Legal and Regulatory
Requirements'' section of our report of even date).
We report the following
i) The Company is maintaining proper records showing full particulars
including quantitative details and situation of its fixed assets.
The fixed assets of the company have been physically verified as at the
year end. In our opinion, the frequency of physical verification
exercises undertaken by management is reasonable. With regard to fixed
assets capitalized during the year, no discrepancies were noticed
pursuant to the aforementioned verification exercise undertaken.
No substantial part of fixed assets has been disposed off during the
year by the company.
ii) Physical verification of inventory has been conducted as at the
year end. In our opinion, the frequency of such physical verification
is reasonable.
In our opinion, the procedures of physical verification of inventory
followed by management are reasonable and adequate in relation to the
size of the company and the nature of its business.
Company is maintaining proper records of inventory and no material
discrepancies were noticed on physical verification.
iii) a) The company has not granted any loans, secured or unsecured to
companies, firms, or other parties covered in the register maintained
u/s 301 of the act. As the company has not granted any loans, secured
or unsecured, to parties listed in the Register maintained under
Section 301 of the Companies Act 1956, paragraphs (iii)(b),(c) and (d)
of the Order are not applicable.
b) The Company has not taken any loan secured or unsecured from
companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. As the company has not
taken any loans, secured or unsecured listed in the register maintained
under section 301 of the Companies Act 1956, paragraphs (iii) (g) and
(f) are not applicable.
iv) In our Opinion and according to the information and explanations
given to us, the internal control procedures commensurate with the size
of the Company and the nature of its business for purchase of
inventory, fixed assets and for sale of goods and services. During the
course of our audit we have not observed any continuing failure to
correct major weakness in internal controls.
v) (a) In our opinion and according to the information and explanation
given to us, there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956.
(b) In our opinion and according to the information and explanation
given to us, as there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956, the paragraph (v) (b) of the Order is not applicable.
vi) The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956, and the
rules framed there under, are not applicable.
vii) In our opinion, the Company has an internal audit system
commensurate with the size and nature of the Company''s business.
viii)We have broadly reviewed the books of accounts maintained by the
company pursuant to rules made by the Central Government for the
maintenance of cost records u/s 209(1)(B) of the Companies Act, 1956,
and are of the opinion that prima facie, the prescribed accounts and
records have been made and maintained.
ix) According to the records of the Company, the company has been
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, employees'' state insurance, sales, tax,
customs duty, excise duty, cess and other statutory dues applicable to
it.
According to the information and explanations provided to us by the
management, there are no disputed dues of sales tax, income tax, custom
tax, excise duty, service tax and cess that have not been deposited
with appropriate authorities.
There were no dues on account of Cess under Section 441A of the
Companies Act 1956, since the date from which the aforesaid Section has
come into force has not yet been notified by the Central Government.
x) The company has no accumulated losses at the end of the financial
year and the company has also not incurred cash losses in such
financial year and in the year immediately preceding financial year.
xi) Based on our audit procedures and as per information and
explanations given by the management, we are of the opinion that the
company is regular in repayment of dues to financial institutions and
banks except a slight delay in repayment of instalments.
xii) According to the information and explanation 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, nidhi, mutual benefit fund or a
society.
xiv) According to the information and explanation given to us, the
company is not dealing or trading in shares, securities, debentures and
other investments. All investments are held by the company in its own
name.
xv) According to the information and explanation given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
xvi) The Term Loan taken from State Bank of India and AXIS Bank Ltd has
been duly applied for the purpose for which the loan was taken.
xvii) No funds raised on short term basis have been used for long term
investments.
xviii) The company has not made any preferential allotment of shares to
parties and companies covered in the register maintained u/s 301 of the
companies act, 1956.
xix) Since Company has not issued any Debenture the question of
creation of securities does not arise.
xx) The company has not raised any money by public issues during the
year.
xxi) According to the information and explanation given to us by the
management, no fraud on or by the company has been noticed or, reported
during the year.
For K. M. Tapuriah & Co.
Chartered Accountants
FRN: 314043E
S. K. Ladia
Place: Kolkata (Partner)
Date : 30-05-2014 M. No. : 051509
Mar 31, 2013
Report on the Financial Statement
We have audited the accompanying financial statements of Brahmanand
Himghar Limited ("the Company"), 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''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act"). This responsibility includes
the design, implementation and maintenance of internal control relevant
to the preparation and presentation of the financial statements that
give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India:
a) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2013;
b) in the case of the 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 & Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
a) we have obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purpose of our
audit;
b) in our opinion proper books of account as required by law have been
kept by the Company so far as appears from our examination of those
books
c) the Balance Sheet, Statement of Profit and Loss, 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
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.
We report the following:-
i) The Company is maintaining proper records showing full particulars
including quantitative details and situation of its fixed assets.
The fixed assets of the company have been physically verified as at the
year end. In our opinion, the frequency of physical verification
exercises undertaken by management is reasonable. With regard to fixed
assets capitalized during the year, no discrepancies were noticed
pursuant to the aforementioned verification exercise undertaken.
No substantial part of fixed assets has been disposed off during the
year by the company.
ii) Physical verification of inventory has been conducted as at the
year end. In our opinion, the frequency of such physical verification
is reasonable.
In our opinion, the procedures of physical verification of inventory
followed by management are reasonable and adequate in relation to the
size of the company and the nature of its business.
Company is maintaining proper records of inventory and no material
discrepancies were noticed on physical verification.
iii) a) The company has not granted any loans,
secured or unsecured to companies, firms, or other parties covered in
the register maintained u/s 301 of the act. As the company has not
granted any loans, secured or unsecured, to parties listed in the
Register maintained under Section 301 of the Companies Act 1956,
paragraphs (iii)(b),(c) and (d) of the Order are not applicable.
b) The Company has not taken any loan secured or unsecured from
companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. As the company has not
taken any loans, secured or unsecured listed in the register maintained
under section 301 of the Companies Act 1956, paragraphs (v) (g) and (f)
are not applicable.
iv) In our Opinion and according to the information and explanations
given to us, the internal control procedures commensurate with the size
of the Company and the nature of its business for purchase of
inventory, fixed assets and for sale of goods and services. During the
course of our audit we have not observed any continuing failure to
correct major weakness in internal controls.
v) (a) In our opinion and according to the information and explanation
given to us, there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956.
(b) In our opinion and according to the information and explanation
given to us, as there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956, the paragraph (v)
(b) of the Order is not applicable.
vi) The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956, and the
rules framed there under, are not applicable.
vii) In our opinion, the Company has an internal audit system
commensurate with the size and nature of the Company''s business.
viii) We have broadly reviewed the books of accounts maintained by the
company pursuant to rules made by the Central Government for the
maintenance of cost records u/s 209(1)(B) of the Companies Act, 1956,
and are of the opinion that prima facie, the prescribed accounts and
records have been made and maintained.
ix) According to the records of the Company, the company has been
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, employees'' state insurance, sales, tax,
customs duty, excise duty, cess and other statutory dues applicable to
it.
According to the information and explanations provided to us by the
management, there are no disputed dues of sales tax, income tax, custom
tax, excise duty, service tax and cess that have not been deposited
with appropriate authorities.
There were no dues on account of Cess under Section 441A of the
Companies Act 1956, since the date from which the aforesaid Section has
come into force has not yet been notified by the Central Government.
x) The company has no accumulated losses at the end of the financial
year and the company has also not incurred cash losses in such
financial year and in the year immediately preceding financial year.
xi) Based on our audit procedures and as per information and
explanations given by the management, we are of the opinion that the
company is regular in repayment of dues to financial institutions and
banks except a slight delay in repayment of installments.
xii) According to the information and explanation 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, nidhi, mutual benefit fund or a
society.
xiv) According to the information and explanation given to us, the
company is not dealing or trading in shares, securities, debentures and
other investments.
xv) According to the information and explanation given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
xvi) The Term Loan taken from State Bank of India and AXIS Bank Ltd has
been duly applied for the purpose for which the loan was taken.
xvii) No funds raised on short term basis have been used for long term
investments.
xviii) The company has not made any preferential allotment of shares to
parties and companies covered in the register maintained u/s 301 of the
companies act, 1956.
xix) Since Company has not issued any Debenture the question of
creation of securities does not arise.
xx) The company has not raised any money by public issues during the
year.
xxi) According to the information and explanation given to us by the
management, no fraud on or by the company has been noticed or, reported
during the year.
xxii) Points which are not applicable to the company have not been
covered in the audit report.
For K. M. Tapuriah & Co.
Chartered Accountants
FRN: 309146E
S. K. Ladia
Place: Kolkata (Partner)
Date: 28-05-2013 M. No. : 053789
Mar 31, 2011
1. We have audited the attached Balance Sheet of Brahmanand Himghar
Limited as at 31st, March 2011 and also the Profit and Loss Account of
the Company for the year ended on that date, annexed thereto. These
financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
2. We conducted our audit in accordance with 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 financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditor's Report) (Amendment) Order,
2004, issued by the Central Government of India in terms of sub-section
(4A) of Section 227 of the Companies Act, 1956, we enclose in the
Annexure a statement on matters specified in paragraphs 4 and 5 of the
said order.
4. Further to our comments in the Annexure referred to above, we report
that:
(a) We have obtained all the information and explanations, which to the
best of our knowledge and belief, were necessary for the purposes of
our audit;
(b) In our opinion, proper books of account as required by law have
been kept by the Company so far as it appears from our examination of
the books;
(c) The Balance Sheet and the Profit and Loss Account dealt with by
this report are in agreement with the books of account.
(d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash
Flow Statement dealt with by this report 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 31st March, 2011, and taken on record by the Board of
Directors, we report that none of the Directors is disqualified as on
31sl March, 2011 from being appointed as a Director in terms of clause
(g) of sub- section (1) of Section 274 of the Companies Act, 1956;
(f) In our opinion and to the best of our information and according to
explanation given to us, the said accounts give the information
required by the Companies Act, 1956, in this manner so required and
gives 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 the affairs of the Company as at 3L1 March, 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 the Cash Flow Statement, of
the cash flows for the year ended on that date.
ANNEXURE TO THE AUDITORS' REPORT
With reference to the annexure referred to in the paragraph 3 of the
Auditors' report to the members of Brahmanand Himghar Limited on the
financial statements for the year ended 31st March , 2011, we report
the following :-
i) The Company is maintaining proper records showing full particulars
including quantitative details and situation of its fixed assets.
The fixed assets of the company have been physically verified as at the
year end. In our opinion, the frequency of physical verification
exercises undertaken by management is reasonable. With regard to fixed
assets capitalized during the year, no discrepancies were noticed
pursuant to the aforementioned verification exercise undertaken.
No substantial part of fixed assets has been disposed off during the
year by the company.
ii) Physical verification of inventory has been conducted as at the
year end. In our opinion, the frequency of such physical verification
is reasonable.
In our opinion, the procedures of physical verification of inventory
followed by management are reasonable and adequate in relation to the
size of the company and the nature of its business. Company is
maintaining proper records of inventory and no material discrepancies
were noticed on physical verification.
iii) a) The company has not granted any loans, secured or unsecured to
companies, firms, or other parties covered in the register maintained
u/s 301 of the act. As the company has not granted any loans, secured
or unsecured, to parties listed in the Register maintained under
Section 301 of the Companies Act 1956, paragraphs (iii)(b),(c) and (d)
of the Order are not applicable.
b) The Company has not taken any loan secured or unsecured from
companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. As the company has not
taken any loans, secured or unsecured listed in the register maintained
under section 301 of the Companies Act 1956, paragraphs (v) (g) and (f)
are not applicable.
iv) In our Opinion and according to the information and explanations
given to us, the internal control procedures commensurate with the size
of the Company and the nature of its business for purchase of
inventory, fixed assets and for sale of goods and services. During the
course of our audit we have not observed any continuing failure to
correct major weakness in internal controls.
v) (a) In our opinion and according to the information and explanation
given to us,. there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956.
(b) In our opinion and according to the information and explanation
given to us, as there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956, the paragraph (v) (b) of the Order is not applicable.
vi) The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956, and the
rules framed there under, are not applicable.
vii) In our opinion, the Company has an internal audit system
commensurate with the size and nature of the Company's business.
viii) According to the information and explanations given to us, the
Central Government has not prescribed the maintenance of cost records
imder clause (d) to sub-section (1) to Section 209 of the Companies
Act, 1956, in respect of any of the products manufactured by the
Company.
ix) According to the records of the Company, the company has been
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, employee
state insurance, sales, tax,
customs duty, excise duty, cess and other statutory dues applicable to
it.
According to the information and explanations provided to us by the
management, there are no disputed dues of sales tax, income tax, custom
tax, excise duty, service tax and cess that have not been deposited
with appropriate authorities.
There were no dues on account of Cess under Section 441A of the
Companies Act 1956, since the date from which the aforesaid Section has
come into force has not yet been notified by the Central Government.
x) The company has no accumulated losses at the end of the financial
year and the company has also not incurred cash losses in such
financial year and in the year immediately preceding financial year.
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 banks or debenture
holders.
xii) According to the information and explanation 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, nidhi, mutual benefit fund or a
society.
xiv) According to the information and explanation given to us, the
company is not dealing or trading in shares, securities, debentures and
other investments.
xv) According to the information and explanation given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
xvi) The Term Loan taken from State Bank of India and AXIS Bank Ltd has
been duly applied for the purpose for which the loan was taken.
xvii) No funds raised on short term basis have been used for long term
investments.
xviii) The company has not made any preferential allotment of shares to
parties and companies covered in the register maintained u/s 301 of the
companies act, 1956.
xix) Since Company has not issued any Debenture the question of
creation of securities does not arise.
xx) The company has not raised any money by public issues during the
year.
xxi) According to the information and explanation given to us by the
management, no fraud on or by the company has been noticed or, reported
during the year.
xxii) Points which are not applicable to the company have not
been covered in the audit report.
For K.M. Tapuriah & Co.
Chartered Accountants
FRN - 314043E
(S.K. Ladia)
Place : Kolkata Partner
Date : 30th May, 2011 M. No. : 053789
Mar 31, 2010
1. We have audited the attached Balance Sheet of BRAHMANAND HIMGHAR
LIMITED as at 31st , March 2010 and also the Profit and Loss Account
of the Company for the year ended on that date, annexed thereto. These
financial statements are the responsibility of the Companys
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
2. We conducted our audit in accordance with 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 financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditors Report) (Amendment) Order,
2004, issued by the Central Government of India in terms of sub-section
(4A) of Section 227 of the Companies Act, 1956, we enclose in the
Annexure a statement on matters specified in paragraphs 4 and 5 of the
said order.
4. Further to our comments in the Annexure referred to above, we
report that:
(a) We have obtained all the information and explanations, which to the
best of our knowledge and belief, were necessary for the purposes of
our audit;
(b) In our opinion, proper books of account as required by law have
been kept by the Company so far as it appears from our examination of
the books;
(c) The Balance Sheet and the Profit and Loss Account dealt with by
this report are in agreement with the books of account.
(d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash
Flow Statement dealt with by this report 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 31st March, 2010, and taken on record by the Board of
Directors, we report that none of the Directors is disqualified as on
31st March, 2010 from being appointed as a Director in terms of clause
(g) of sub-section (1) of Section 274 of the Companies Act, 1956;
(f) In our opinion and to the best of our information and according to
explanation given to us, the said accounts give the information
required by the Companies Act, 1956, in this manner so required and
gives 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 the affairs of the
Company as at 31st March, 2010; 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 the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO THE AUDITORS REPORT
With reference to the annexure referred to in the paragraph 3 of the
Auditors report to the members of BRAHMANAND HIMGHAR LIMITED on the
financial statements for the year ended 31st March , 2010, we report
the following :-
i) The Company is maintaining proper records showing full particulars
including quantitative details and situation of its fixed assets.
The fixed assets of the company have been physically verified as at the
year end. In our opinion, the frequency of physical verification
exercises undertaken by management is reasonable. With regard to fixed
assets capitalized during the year, no discrepancies were noticed
pursuant to the aforementioned verification exercise undertaken.
No substantial part of fixed assets has been disposed off during the
year by the company.
ii) Physical verification of inventory has been conducted as at the
year end. In our opinion, the frequency of such physical verification
is reasonable.
In our opinion, the procedures of physical verification of inventory
followed by management are reasonable and adequate in relation to the
size of the company and the nature of its business.
Company is maintaining proper records of inventory and no material
discrepancies were noticed on physical verification.
iii) a) The company has not granted any loans, secured or unsecured to
companies, firms, or other parties covered in the register maintained
u/s 301 of the act. As the company has not granted any loans, secured
or unsecured, to parties listed in the Register maintained under
Section 301 of the Companies Act 1956, paragraphs (iii)(b),(c) and (d)
of the Order are not applicable.
b) The Company has not taken any loan secured or unsecured from
companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. As the company has not
taken any loans, secured or unsecured listed in the register maintained
under section 301 of the Companies Act 1956, paragraphs (v) (g) and (f)
are not applicable.
iv) In our Opinion and according to the information and explanations
given to us, the internal control procedures commensurate with the size
of the Company and the nature of its business for purchase of
inventory, fixed assets and for sale of goods and services. During the
course of our audit we have not observed any continuing failure to
correct major weakness in internal controls.
v) (a) In our opinion and according to the information and explanation
given to us, there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956.
(b) In our opinion and according to the information and explanation
given to us, as there are no contracts or arrangements that need to be
entered into Register maintained under Section 301 of the Companies
Act, 1956, the paragraph (v) (b) of the Order is not applicable.
vi) The Company has not accepted any deposits from the public and
consequently, the directives issued by the Reserve Bank of India, the
provisions of Sections 58A and 58AA of the Companies Act, 1956, and the
rules framed there under, are not applicable.
vii) In our opinion, the Company has an internal audit system
commensurate with the size and nature of the Companys business.
viii) According to the information and explanations given to us, the
Central Government has not prescribed the maintenance of cost records
under clause (d) to sub-section (1) to Section 209 of the Companies
Act, 1956, in respect of any of the products manufactured by the
Company.
ix) According to the records of the Company, the company has been
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, employees state insurance, sales, tax,
customs duty, excise duty, cess and other statutory dues applicable to
it.
According to the information and explanations provided to us by the
management, there are no disputed dues of sales tax income tax custom
tax, excise duty, service tax and cess that have not been deposited
with appropriate authorities.
There were no dues on account of Cess under Section 441A of the
Companies Act 1956, since the date from which the aforesaid Section has
come into force has not yet been notified by the Central Government.
x) The company has no accumulated losses at the end of the financial
year and the company has also not incurred cash losses in such
financial year and in the year immediately preceding financial year.
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 banks or debenture
holders.
xii) According to the information and explanation 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, nidhi, mutual benefit fund or a
society.
xiv) According to the information and explanation given to us, the
company is not dealing or trading in shares, securities, debentures and
other investments.
xv) According to the information and explanation given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
xvi) The Term Loan taken from State Bank of India and AXIS Bank Ltd has
been duly applied for the purpose for which the loan was taken.
xvii) No funds raised on short term basis have been used for long term
investments.
xviii) The company has not made any preferential allotment of shares to
parties and companies covered in the register maintained u/s 301 of the
companies act, 1956.
xix) Since Company has not issued any Debenture the question of
creation of securities does not arise.
xx) The company has not raised any money by public issues during the
year.
xxi) According to the information and explanation given to us by the
management, no fraud on or by the company has been noticed or, reported
during the year.
xxii) Points which are not applicable to the company have not been
covered in the audit report.
For K.M. Tapuriah & Co.
Chartered Accountants
FRN-314043E
(S.K. Ladia)
Partner
M. No. : 053789
Place : Kolkata
Date : The 27th day of May, 2010
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