Mar 31, 2014
We have audited the accompanying financial statements of Healthy
Investments Limited ("the Company"), which comprise the Balance Sheet
as at March 31, 2014, 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 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 notified under the Companies Act, 1956 ("the
Act"), read with the General circular 15/2013 dated 13th September 2013
of the Ministry of Corporate Affairs in respect of section 133 of the
Companies Act, 2013. 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, but not for the
purpose of expressing an opinion on the effectiveness of the Company''s
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.
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:
(i) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2014
(ii) in the case of the statement of Profit and Loss, of the profit for
the year ended on that date; and
(iii) 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
1. 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.
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 notified
under the Act, read with the general circular 15/2013 dated 13th
September 2013 of the Ministry of Corporate Affairs in respect of
section 133 of the Companies Act, 2013; and
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 the heading of "report on other legal
and regulatory requirements" of our report of even date, we report
that;
(i) (a) The company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year. No material discrepancies were noticed on such
verification.
(c) The company has not disposed off any substantial part of the fixed
assets during the year.
(ii) The Company is a investment company, primarily dealing in
shares/securities. Accordingly, it does not hold any physical
inventories. Thus, paragraph 4(ii) of the Order is not applicable.
(iii) The Company has not granted or taken any loans secured or
unsecured to/ from any companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956
(iv) In our opinion and according to the 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, fixed assets and for the
sales of goods and services. There is no continuing failure to correct
major weakness in internal control system.
(v) According to the information and explanations given to us, there
were no contracts or arrangement that needs to be entered into the
register maintained under section 301 of the Companies Act, 1956.
(vi) The Company has not accepted any deposit from public, therefore,
clause 4 (vi) of the Order is not applicable.
(vii) Considering the size of business and number of transactions as
carried out, the management is of the opinion that the company does not
require internal audit system.
(viii) The Central Government of India has not prescribed the
maintenance of cost records under Section 209(l)(d) of the Act for any
of the services rendered by the Company.
(ix) (a) As informed to us, the Company is not required to deduct
Provident Fund and Employees'' State Insurance due
(b) According to the information and explanations given to us, there
were no undisputed amounts payable in respect of income tax, sales tax,
service tax, wealth tax, customs duty, excise duty, cess and other
statutory dues which have remained outstanding as at 31st March 2014
for a period of more than six months from the date they became payable.
(c) According to the information and explanation given to us, there are
no dues of sales tax, income tax, customs duty, wealth tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(x) The company has no accumulated losses at the end of the financial
year and has not incurred cash losses in the current and immediately
preceding financial year.
(xi) The Company did not have any outstanding dues to any financial
institution, banks or debenture holders during the year.
(xii) The company has not granted loans or advances on the basis of
security by way of pledge of shares, debentures or other securities.
(xiii) In our opinion, the company is not a chit fund or a nidhi /
mutual benefit fund/ society. Hence the clause 4(xiu) of the Order are
not applicable to the company.
(xiv) The Company has maintained proper records in respect of the
transactions and contracts in respect of trading in shares, securities,
debentures and other securities and timely entries have been made
therein. The shares, securities, debentures and other investments have
been held by the Company in its own name.
(xv) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xvi) The Company did not have any term loans outstanding during the
year.
(xvii) The Company has not raised any funds on short-term basis.
(xviii) The Company has not made any preferential allotment of shares
to parties and companies covered in the register maintained under
section 301 of the Act.
(xix) The Company did not have any outstanding debentures during the
year.
(xx) The Company has not raised any money by public issues during the
year.
(xxi) According to the information and explanations given to us, no
fraud on or by the Company has been noticed or reported during the
course of our audit.
For Ganesh & Rajendra Associates
Chartered Accountants
Firm Registration no.!03055W
Ganesh Mehta
Partner
Membership no. 32939
Place: Mumbai
Dated: 30th May 2014
Mar 31, 2012
1, We have audited fee attached Balance Sheet of HEALTHY INVESTMENTS
LIMITED as at 31st March 2012, Statement of Profit and Loss and also
cash flow statement for the year ended on that date all 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 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 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) Order, 2003, issued
by the Central Government of India in terms of Section 227 (4 A) of the
Companies Act, 1956, we enclose in the Annexure a Statement on the
matters specified in paragraphs 4 and 5 of the said order.
4. Further to our comments in the Annexure referred to in Paragraph
(3) 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 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 the
books;
c) the Balance Sheet and the Statement of Profit and Loss dealt with by
this report are in agreement with fee Books of Account;
d) in our opinion, the Balance Sheet and the Statement of Profit and
Loss Account dealt with by this report are in compliance with the
Accounting Standards referred to in Section 211(3C) of the Companies
Act, 1956 in so far as they apply to Company;
e) in our opinion and based on information and explanations given to
us, none of the directors are disqualified as on 31st March 2012 from
being appointed as directors in terms of clause (g) of subsection (1)
of section 274 of Companies Act 1956;
f) in our opinion and to the best of our information and according to
the explanations given to us the said accounts give the information
required by the Companies Act, 1956, in the manner so required and give
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 31st March 2012,
ii) In the case of the Statement of Profit and Loss , of the profit of
the Company for year ended on that date, and
iii) En the case of the Cash Flow Statement, of the cash flows of the
Company for the year ended on that date.
ANNEXURE TO AUDITORS' REPORT
Referred to in paragraph 3 of our report of even date,
(i) (a) The company has maintained proper records showing full
particulars,, including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year. No material discrepancies were noticed on such
verification.
(c) The company has not disposed off any substantial part of the fixed
assets during the year.
(ii) The Company has not granted or taken any loans secured or
unsecured to/ from any companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956
(iii) In our opinion and according to the 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, fixed assets and for the
sales of goods and services. There is no continuing failure to correct
major weakness in internal control system.
(iv) According to the information and explanations given to us, there
were no contracts or arrangement that need to be entered into the
register maintained under section 301 of the Companies Act, 1956.
(v) The Company has not accepted any deposit from public therefore
clause 4 (vi) of CARO 2003 is not applicable.
(vi) Considering the size of business and number of transactions as
carried out, the management is of the opinion that the company does not
require internal audit system,
(vii) (a) As informed to us, the Company is not required to deduct
Provident Fund and Employees' State Insurance due (b) According to the
information and explanations given to us, there were no undisputed
amounts payable in respect of income tax, sales tax, service tax,
wealth tax, customs duty, excise duty, cess and other statutory dues
which have remained outstanding as at 31st March 2012 for a period of
more than six months from the date they became payable.
(c) According to the information and explanation given to us, there are
no dues of sales tax, income tax, customs duty, wealth tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(viii) The company has no accumulated losses at the end of the
financial year and has not incurred cash losses in the current and
immediately preceding financial year.
(ix) The company has not granted loans or advances on the basis of
security by way of pledge of shares, debentures or other securities.
(x) In our opinion, the company is not a chit fund or a nidhi / mutual
benefit fund/ society. Hence the clause 4(xiii) of the CARO, 2003 are
not applicable to the company.
(xi) The Company has maintained proper records in respect of the
transactions and contracts in respect of trading in shares, securities,
debentures and other securities and timely entries have been made
therein. The shares, securities, debentures and other investments have
been held by the Company in its own name.
(xii) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xiii) According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
In view of the nature of business carried on by the company and absence
of conditions prerequisite to the reporting requirements of clauses 4
(ii), (viii), {xi), (xvi), (xvii), (xviii), (xix) and (xx) of CARO,
2003, the said clauses are, at present, not applicable.
For Ganesh & Rajendra Associates
Chartered Accountants
(Ganesh Mehta) Parmer
Mem no.32939
Firm Regno.l03055W
Place : Mumbai
Dated :30th July, 2012
Mar 31, 2010
1. We have audited the attached Balance Sheet of HEALTHY INVESTMENTS
COMPANY LIMITED as at 31st March 2010, Profit and Loss Account and also
cash flow statement for the year ended on that date both 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 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 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) 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 paragraphs 4 and 5 of the said order.
4. Further to our comments in the Annexure referred to in Paragraph
(3) 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 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 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 and the Profit and Loss Account
dealt with by this report are in compliance with the Accounting
Standards referred to in Section 211(3C) of the Companies Act, 1956 in
so far as they apply to Company;
e) in our opinion and based on information and explanations given to
us, none of the director is disqualified as on 31st March 2010 from
being appointed as directors in terms of clause (g) of subsection (1)
of section 274 of Companies Act 1956;
f) in our opinion and to the best of our information and according to
the explanations given to us the said accounts give the information
required by the Companies Act, 1956, in the manner so required and give
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 31st March 2010,
ii) In the case of the Profit and Loss Account, of the profit of the
Company for year ended on that date, and
iii) In the case of the Cash Flow Statement, of the cash flows of the
Company for the year ended on that date.
ANNEXURE TO AUDITORS REPORT
Referred to in paragraph 3 of our report of even date,
(i) (a) The company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year. No material discrepancies were noticed on such
verification.
(c) The company has not disposed off any substantial part of the fixed
assets during the
year.
(ii) The Company has not granted or taken any loans secured or
unsecured to/ from any companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956
(iii) In our opinion and according to the 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, fixed assets and for the
sales of goods and services. There is no continuing failure to correct
major weakness in internal control system.
(iv) According to the information and explanations given to us, there
were no contracts or arrangement that need to be entered into the
register maintained under section 301 of the Companies Act, 1956.
(v) The Company has not accepted any deposit from public therefore
clause 4 (vi) of CARO 2003 is not applicable.
(vi) Considering the size of business and number of transactions as
carried out, the management is of the opinion that the company did not
require internal audit system.
(vii) (a) As informed to us, the Company is not required to deduct
Provident Fund and Employees State Insurance due
(b) According to the information and explanations given to us, there
were no undisputed amounts payable in respect of income tax, sales tax,
service tax, wealth tax, customs duty, excise duty, cess and other
statutory dues which have remained outstanding as at 31st March 2010
for a period of more than six months from the date they became payable.
(c) According to the information and explanation given to us, there are
no dues of sales tax, income tax, customs duty, wealth tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(viii) The company has no accumulated losses at the end of the
financial year and has not incurred cash losses in the current and
immediately preceding financial year.
(ix) The company has not granted loans or advances on the basis of
security by way of pledge of shares, debentures or other securities.
(x) In our opinion, the company is not a chit fund or a nidhi / mutual
benefit fund/
society. Hence the clause 4(xiii) of the CARO, 2003 are not applicable
to the company.
(xi) The Company has maintained proper records in respect of the
transactions and contracts in respect trading in shares, securities,
debentures and other securities and timely entries have been made
therein. The shares, securities, debentures and other investments have
been held by the Company in its own name.
(xii) According to the information and explanations given to us die
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xiii) According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
In view of the nature of business carried on by the company and absence
of conditions prerequisite to the reporting requirements of clauses 4
(ii), (viii), (xi), (xvi), (xvii), (xviii), (xix) and (xx) of CARO,
2003, the said clauses are, at present, not applicable.
Ganesh Mehta
Partner
Membership No. 32939
For and on behalf of
Ganesh & Rajendra Associates
Chartered Accountants
ICAI Firm Registration No. 103055W
Place: Mumbai
Dated :30th July 2010
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article