Mar 31, 2015
NOT AVAILABLE
Mar 31, 2014
1. I have audited the attached Balance Sheet of Kyra Landscapes
Limited,(Formerly known as Aricent Infra Limited) as at 31 March, 2014
and the Profit and Loss Account and also the cash flow statement for
the year ended on that date, annexed thereto (collectively referred as
the "Financial Statements"). These financial statements are the
responsibility of the company''s management. My responsibility is to
express an opinion on these financial statements based on my audit.
2. I have conducted this audit in accordance with Auditing Standards
generally accepted by ICAI.. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatements. An audit
includes examining on 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 the management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion.
3. Further I report that:
In my opinion and to the best of my information and according to the
explanation given to me , the financial statements dealt with by this
report materially comply with the Accounting Standards referred to in
sub- section (3C) of Section 211 of the Companies Act, 1956 and the
Rules framed there under and 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 , in the
case of :- i. The Balance Sheet , of the state of affairs of the
Company as at March 31, 2014; ii. The Profit and LossAccount, of the
profit for the year ended on that date; and iii. 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 ( Auditors Report ) Order, 2003 ( The
Order ) issued by the Central Government of India in terms of Section
227 (4A) of the Act, we give in the Annexure a statement on the matters
specified in paragraphs 4 & 5 of the order.
2. As required by section 227 (3) of theAct , 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 the cash
flow statement dealt with by this report arein agreement with the
booksifaccount.
d) In our opinion, the Balance sheet , the statement of profit and
loss, and the cash flow statement comply with accounting standards
notified under the Act read with the General Circular 15/2013 dated
13th September 2013 of the Ministry of CorporateAffairs in respect of
Section 133 of the Companies Act 2013
e) On the basis of the written representations received from the
directors as on March 31 2014, 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 Section 274 (1 ) (g) of
the Act.
ANNEXURE TO THE AUDITORS'' REPORT
Referred under the heading of "report on other Legal and regulatory
requirements" of our report of even date
I) In respect of its Fixed Assets:
The company has maintained proper records showing full particular
including quantitative details and situation of fixed assets on the
basis of available information.
(II) In respect of its Inventories:
As the Company does not have Inventory, the Clauses (ii)(a) to (ii)(c)
of para 4 of the Orders are not applicabletothe company.
(III) According to the information and explanations given to me, In
respect of the loans, secured or unsecured, granted or taken by the
Companies to /from Companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956. There
are parties to whom interest free advances are given, and also interest
free unsecured loans taken.
(IV) In my opinion and according to the information and explanations
given to me there are adequate internal control procedures commensurate
with the size of the Company & nature of its business with regard to
the sale of goods and services. During the course of myAudit, I have
not observed any major weakness in internal control.As such company has
no independent internal auditor.
(V) According to the information and explanation provided by
management, I am of the opinion that the particulars of contracts or
arrangements referred to in section 301 of the Companies Act, 1956 need
to be entered in register maintained under section 301 have been so
entered. Since there are agreements between partiesweare not
abletocomment about reasonability having regard to market price.
(VI) In my opinion and according to the information and explanation
given to me, The Company has not accepted any deposits from the public
as defined under sections 58A and 58AA of the Companies Act, 1956 &the
Companies (Acceptanceofdeposits) Rules 1975.
(VII) Inmyopinion and accordingtothe information and explanation
giventome, The Company hasan inhouse internal audit system commensurate
with the size and the nature of its business.
(VIII) As the company is not a manufacturing concern, the clause (viii)
of para 4 of the Order regarding maintenance of cost records under
clause (d) of sub-section (1) of section 209 of the Companies Act, 195
is not applicable to the company.
(IX) (a) In my opinion and according to the information and explanation
given to me, the company has generally been regular in depositing
undisputed statutory dues, including provident fund, investor education
and protection fund, employees state insurance, income tax , wealth
tax, service tax, custom duty, cess and any other material statutory
dues where applicable, with the appropriate authorities during the
year.
(b) According to the information and explanation given to me, there are
no amounts outstanding in respect of sales tax, income tax, customs
duty, wealth tax, service tax, excise duty and cess that have not been
deposited with the appropriate authorities on account of any dispute.
(X) The Company has accumulated losses as on 31st March, 2014 and has
earned profit for the financial year on that date. The accumulated
lossesofthe Company are less than 50%of the net worth ofthe Company
(XI) In my opinion and according to the information and explanations
given to me by the management, the Company has not defaulted in
repayment of dues to a Financial Institution, Bank or Debenture holders
(XII) The Company has not granted any loans and advances on the basis
of security by way of pledge of share, debentures & other securities.
(XIII) The Company is not a chit fund or nidhi /mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the
Companies (Auditor''s Report''s) Order, 2003 is not applicable to the
Company
(XIV) In my opinion, the Company is not a dealer in shares, securities
& debentures or any other investments. Accordingly, the provision of
clause 4(xiv) of the Order are not applicable
(XV) In my opinion and according to the information and explanations
given to me the Company has not given any guarantee for loans taken by
others from banks or financial institutions during the year.
(XVI) The Company has not taken any term loan during the year;assuch
required details need notbe given.
(XVII) According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, funds
raisedonshort term basis have not been used for Long term investment.
(XVIII) According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties &
Companies covered in the register maintained under section 301 of the
CompaniesAct, 1956 for suchapurpose.
(XIX) According to the information and explanations given to me, during
the period covered by my audit, the Company has not issued debentures.
(XX) The company has not raised any money by public issue during the
year and hence paragraph 4(xx) of the order is not applicable.
(XXI) During the course of our examination of the books and records of
the company, carried out in accordance with generally accepted auditing
practices in India and according to information and explanation given
to me, I have neither come across any instances of material fraud on or
by the company, noticed or reported during the year nor have been
informed of such case by management.
PLACE : THANE For M/s.Bhavik Sheth & Associates
Date : 30th May, 2014 (Chartered Accountant)
sd/-
CA.BhavikA.Sheth
Proprietor
Membership No.147449
Firm Reg.No.:134128W
Mar 31, 2013
1. I have audited the attached Balance Sheet of Kyra Landscapes
Limited,(Formerly known as Aricent Infra Limited) as at 31 March, 2013
and the Profit and Loss Account and also the cash flow statement for
the year ended on that date, annexed thereto (collectively referred as
the "Financial Statements"). These financial statements are the
responsibility of the company''s management. My responsibility is to
express an opinion on these financial statements based on my audit.
2. I have conducted this 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 misstatements. An audit
includes examining on 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 the management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion.
3. Further I report that:
a. The information and explanations that are obtained, which to the
best of my knowledge and belief were necessary for the purpose of
audit;
b. In my opinion, proper books of accounts as required by law have
been kept by the Company so far as appears from my examination of those
books;
c. The Financial Statements dealt with by this report are in agreement
with the books of accounts.
d. On the Basis of written representations received from the
directors, as on 31st March, 2013 and taken on record by the board of
directors, none of the directors are disqualified as on 31st March,
2013 from being appointed as director in terms of clause (g)of
sub-section (I) of Section 274 of the Companies Act, 1956
e. In my opinion and to the best of my information and according to
the explanation given to, the financial statements dealt with by this
report materially comply with the Accounting Standards referred to in
sub-section (3C) of Section 211 of the Companies Act, 1956 and the
Rules framed there under and 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, in the case
of: -
i. The Balance Sheet, of the state of affairs of the Company as at
March 31, 2013; ii. The Profit and Loss Account, of the profit for the
year ended on that date; and iii. The Cash Flow Statement, of the cash
flows for the year ended on that date.
Annexure to the Auditors'' Report of even date to the members of THE
KYRA LANDSCAPES LIMITED
On the financial statements for the year ended March 31, 2013
Based on the audit procedure performed for the purpose of reporting
true and fair view on the financial Based on the audit procedure
performed for the purpose of reporting true and fair view on the
financial statements of the Company and taking into consideration the
information and explanation given to me and the books of account and
other records examined by me in the normal course of audit, we report
that:
(I) In respect of its Fixed Assets:
The company has maintained proper records showing full particular
including quantitative details and situation of fixed assets on the
basis of available information.
(II) In respect of its Inventories:
As the Company does not have Inventory, the Clauses (ii)(a) to (ii)(c)
of para 4 of the Orders are not applicable to the company.
(III) According to the information and explanations given to me, In
respect of the loans, secured or unsecured, granted or taken by the
Companies to /from Companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956.
(IV) According to the information and explanation given to me, there
have been no contracts or arrangements referred to in section 301 of
the Companies Act, 1956 during the year to be entered in the register
required to be maintained under that section. Accordingly, sub- clause
(B) is not applicable.
(V) In my opinion and according to the information and explanations
given to me there are adequate internal control procedures commensurate
with the size of the Company & nature of its business with regard to
the sale of goods and services. During the course of my Audit, I have
not observed any major weakness in internal control.
(VI) In my opinion and according to the information and explanation
given to me, The Company has not accepted any deposits from the public
as defined under sections 58A and 58AA of the Companies Act, 1956 & the
Companies (Acceptance of deposits) Rules 1975.
(VII) In my opinion and according to the information and explanation
given to me, The Company has an in house audit system commensurate with
the size and the nature of its business.
(VIM) As the company is not a manufacturing concern, the clause (viii)
of para 4 of the Order regarding maintenance of cost records under
clause (d) of sub-section (1) of section 209 of the Companies Act, 195
is not applicable to the company.
(IX) (a) In my opinion and according to the information and explanation
given to me, the company has generally been regular in depositing
undisputed statutory dues, including provident fund, investor education
and protection fund, employees state insurance, income tax, wealth tax,
service tax, custom duty, cess and any other material statutory dues
where applicable, with the appropriate authorities during the year.
(b) According to the information and explanation given to me, there are
no amounts outstanding in respect of sales tax, income tax, customs
duty, wealth tax, service tax, excise duty and cess that have not been
deposited with the appropriate authorities on account of any dispute.
(X) The Company has accumulated losses as on 31 st March, 2013 and has
earned profit for the financial year on that date. The accumulated
losses of the Company are less than 50 % of the net worth of the
Company.
(XI) In my opinion and according to the information and explanations
given to me by the management, the Company has not defaulted in
repayment of dues to a Financial Institution, Bank or Debenture holders
(XII) The Company has not granted any loans and advances on the basis
of security by way of pledge of share, debentures & other securities.
Accordingly, the provisions of clause 4(xii) of the Order are not
applicable.
(XIII) The Company is not a chit fund or nidhi /mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the
Companies (Auditor''s Report''s) Order, 2003 is not applicable to the
Company
(XIV) In my opinion, the Company is not a dealer in shares, securities
& debentures or any other investments. Accordingly, the provision of
clause 4(xiv) of the Order are applicable
(XV) In my opinion and according to the information and explanations
given to me the Company has not given any guarantee for loans taken by
others from banks or financial institutions during the year.
(XVI) The Company has not taken any term loan during the year; as such
required details need not be given.
(XVII) According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, no funds
are raised on short term basis; hence detail need not be given.
(XVIII) According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties &
Companies covered in the register maintained under section 301 of the
Companies Act, 1956 for such a purpose.
(XIX) According to the information and explanations given to me, during
the period covered by my audit, the Company has not issued debentures.
(XX) The company has not raised any money by public issue during the
year and hence paragraph 4(xx) of the order is not applicable.
(XXI) During the course of our examination of the books and records of
the company, carried out in accordance with generally accepted auditing
practices in India and according to information and explanation given
to me, I have neither come across any instances of material fraud on or
by the company, noticed or reported during the year nor have been
informed of such case by management.
PLACE THANE For M/s.BhavikSheth& Associates
Date : 29th May, 2013 (Chartered Accountant)
sd/-
CA.BhavikA. Sheth
Proprietor
Membership No. 147449
Firm Reg.No.:134128W
Mar 31, 2012
1. I have audited the attached Balance Sheet of Aricent Infra
Limited,(Formerly known as TCL Technologies Limited) as at 31 March,
2012 and the Profit and Loss Account and also the cash flow statement
for the year ended on that date, annexed thereto (collectively referred
as the "Financial Statements"). These financial statements are the
responsibility of the company's management. My responsibility is to
express an opinion on these financial statements based on my audit.
2. I have conducted this 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 misstatements. An audit
includes examining on 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 the management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion.
3. Further I report that:
a. The information and explanations that are obtained, which to the
best of my knowledge and belief were necessary for the purpose of
audit;
b. In my opinion, proper books of accounts as required by law have
been kept by the Company so far as appears from my examination of those
books;
c. The Financial Statements dealt with by this report are in agreement
with the books of accounts.
d. On the Basis of written representations received from the
directors, as on 31st March, 2012 and taken on record by the board of
directors, none of the directors are disqualified as on 31st March,
2012 from being appointed as director in terms of clause (g)of
sub-section (I) of Section 274 of the Companies Act, 1956
e. In my opinion and to the best of my information and according to
the explanation given to, the financial statements dealt with by this
report materially comply with the Accounting Standards referred to in
sub-section (3C) of Section 211 of the Companies Act, 1956 and the
Rules framed there under and 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, in the case
of :-
i. The Balance Sheet, of the state of affairs of the Company as at
March 31, 2012;
ii. The Profit and Loss Account, of the profit for the year ended on
that date; and
iii. The Cash Flow Statement, of the cash flows for the year ended on
that date.
Annexure to the Auditors' Report of even date to the members of THE
ARICENT INFRA LIMITED On the financial statements for the year ended
March 31, 2012
Based on the audit procedure performed for the purpose of reporting
true and fair view on the financial statements of the Company and
taking into consideration the information and explanation given to me
and the books of account and other records examined by me in the normal
course of audit, we report that:
(I) As the Company does not have fixed assets, the Clauses (i)(a) to
(i)(c) of para 4 of the Orders are not applicable to the company
(II) As the Company does not have Inventory, the Clauses (ii)(a) to
(ii)(c) of para 4 of the Orders are not applicable to the company
(III) (a) According to the information and explanations given to me,
the Company has not granted any loans, secured or unsecured, to
companies, firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956. Accordingly , sub-clause
(b) ,(c) and (d) are not applicable
(b) According to the information and explanations given to me, the
Company has not taken any loans, secured or unsecured , to companies,
firms or other parties covered in the register maintained under section
301 of the Companies Act, 1956. Accordingly, sub-clause (f)and (g) are
not applicable.
(IV) In my opinion and according to the information and explanations
given to me there are adequate internal control procedures to
commensurate with the size of the Company & nature of its business with
regard to the sale of goods and services. During the course of my
Audit, I have not observed any major weakness in internal control
(V) According to the information and explanation given to me, there
have been no contracts or arrangements referred to in section 301 of
the Companies Act, 1956 during the year to be entered in the register
required to be maintained under that section. Accordingly, sub- clause
(B) is not applicable.
(VI) In my opinion and according to the information and explanation
given to me, The Company has not accepted any deposits from the public
as defined under sections 58A and 58AA of the Companies Act, 1956 & the
Companies (Acceptance of deposits) Rules 1975.
(VII) In my opinion and according to the information and explanation
given to me, The Company has an internal audit system commensurate with
the size and the nature of its business.
(VIII) As the company is not a manufacturing concern, the clause (viii)
of para 4 of the Order regarding maintenance of cost records under
clause (d) of sub-section (1) of section 20 of the Companies Act, 195
is not applicable to the company.
(IX) (a) In my opinion and according to the information and explanation
given to me, the company has generally been regular in depositing
undisputed statutory dues, including provident fund, investor education
and protection fund, employees state insurance, income tax , wealth
tax, service tax, custom duty, cess and any other material statutory
dues where applicable, with the appropriate authorities during the year
(b) There are no amounts in respect of sales tax, income tax, cutoms
duty, wealth tax, service tax, excise duty and cess that have not been
deposited with the appropriate authorities on account of any dispute.
(X) The Company has accumulated losses as on 31st March, 2011 and has
earned profit for the financial year on that date. The accumulated
losses of the Company are less than 50 % of the net worth of the
Company.
(XI) In my opinion and according to the information and explanations
given to me the Company has not defaulted in repayment of dues to a
Financial Institution, Bank or Debenture holders
(XII) The Company has not granted any loans and advances on the basis
of security by way of pledge of share, debentures & other securities.
Accordingly, the provisions of clause 4(xii) of the Order are not
applicable.
(XIII) The Company is not a chit fund or Nidhi /Mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the
Companies (Auditor's Report's) Order, 2003 is not applicable to the
Company
(XIV) In my opinion, the Company is not a dealer in shares, securities
& debentures or any other investments. Accordingly, the provision of
clause 4(xiv) of the Order are applicable
(XV) In my opinion and according to the information and explanations
given to me the Company has not given any guarantee for loans taken by
others from banks or financial institutions during the year.
(XVI) The Company has not taken any term loan during the year; as such
required details need not be given.
(XVII) According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, no funds
are raised on short term basis, hence detail need not be given.
(XVIII) According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties &
Companies covered in the register maintained under section 301 of the
Companies Act, 1956 for such a purpose.
(XIX) According to the information and explanations given to me, during
the period covered by my audit, the Company has not issued debentures
PLACE : THANE For S Chandulal & Company
Date : 14th May 2012 (Chartered Accountant)
sd/-
Proprietor
Membership No.37266
Mar 31, 2011
1. I have audited the attached Balance Sheet of Aricent Infra
Limited,(Formerly known as TCL Technologies Limited) as at 31 March,
2011 and the Profit and Loss Account and also the cash flow statement
for the year ended on that date, annexed thereto (collectively referred
as the "Financial Statements"). These financial statements are the
responsibility of the company's management. My responsibility is to
express an opinion on these financial statements based on my audit.
2. I have conducted this 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 misstatements. An audit
includes examining on 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 the management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion. .
3. Further I report that:
a. The information and explanations that are obtained, which to the
best of my knowledge and belief were necessary for the purpose of
audit;
b. In my opinion, proper books of accounts as required by law have
been kept by the Company so far as appears from my examination of those
books;
c. The Financial Statements dealt with by this report are in agreement
with the books of accounts.
d. On the Basis of written representations received from the directors,
as on 31st March, 2011 and taken on record by the board of
directors, none of the directors are disqualified as on 31st March,
2011 from being appointed as director in terms of clause (g)of
sub-section (I) of Section 274 of the Companies Act, 1956
e. In my opinion and to the best of my information and according to the
explanation given to, the financial statements dealt with by this
report materially comply with the Accounting Standards referred to in
sub-section (3C) of Section 211 of the Companies Act, 1956 and the
Rules framed there under and 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, in the case
of :-
i. The Balance Sheet, of the state of affairs of the Company as at
March 31, 2011;
ii. The Profit and Loss Account, of the profit for the year ended on
that date; and
iii. The Cash Flow Statement, of the cash flows for the year ended on
that date.
Annexure to the Auditors' Report of even date to the members of THE
ARICENT INFRA LIMITED On the financial statements for the year ended
March 31, 2011
Based on the audit procedure performed for the purpose of reporting
true and fair view on the financial statements of the Company and
taking into consideration the information and explanation given to me
and the books of account and other records examined by me in the normal
course of audit, we report that:
(I) As the Company does not have fixed assets , the Clauses (i)(a) to
(i)(c) of para 4 of the Orders are not applicable to the company
(II) As the Company does not have Inventory, the Clauses (ii)(a) to
(ii)(c) of para 4 of the Orders are not applicable to the company
(III) (a) According to the information and explanations given to me,
the Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under section 301
of the Companies Act, 1956. Accordingly, sub-clause (b) ,(c) and (d) are not applicable
(b) According to the information and explanations given to me, the
Company has not taken any loans, secured or unsecured , to companies,
firms or other parties covered in the register maintained under section
301 of the Companies Act, 1956. Accordingly, sub-clause (f)and (g) are
not applicable.
(IV) In my opinion and according to the information and explanations
given to me there are adequate internal control procedures to
commensurate with the size of the Company fit nature of its business
with regard to the sale of goods and services. During the course of my
Audit, I have not observed any major weakness in internal control .
(V) According to the information and explanation given to me, there
have been no contracts or ' - arrangements referred to in section 301
of the Companies Act, 1956 during the year to be entered in the register required to be maintained under that section. Accordingly, sub- clause
(B) is not applicable.
(VI) In my opinion and according to the information and explanation
given to me, The Company has not accepted any deposits from the public
as defined under sections 58A and 58AA of the Companies Act, 1956 & the
Companies (Acceptance of deposits) Rules 1975.
(VII) In my opinion and according to the information and explanation
given to me, The Company has an internal audit system commensurate with
the size and the nature of its business.
(VIII) As the company is not a manufacturing concern, the clause (viii)
of para 4 of the Order regarding maintenance of cost records under
clause (d) of sub-section (1) of section 20 of the Companies Act,
195 is not applicable to the company.
(IX) (a) In my opinion and according to the information and explanation
given to me, the company has generally been regular in depositing
undisputed statutory dues, including provident fund, investor education
and protection fund, employees state insurance, income tax , wealth tax, service tax, custom duty, cess and any other material statutory dues
where applicable, with the appropriate ' authorities during the year
(b) There are no amounts in respect of sales tax, income tax, c toms
duty, wealth tax, service tax, excise duty and cess that have not been
deposited with the appropriate authorities on account of any dispute.
(X) The Company has accumulated losses as on 31st March, 2011 and has
earned profit for the financial year on that date. The accumulated
losses of the Company are less than 50 % of the net worth of the
Company.
(XI) In my opinion and according to the information and explanations
given to me the Company has not defaulted in repayment of dues to a
Financial Institution, Bank or Debenture holders
(XII) The Company has not granted any loans and advances on the basis
of security by way of pledge of share, debentures fit other securities.
Accordingly, the provisions of clause 4(xii) of the Order are not
applicable.
(XIII) The Company is not a chit fund or Nidhi /Mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the
Companies (Auditor's Report's) Order, 2003 is not applicable to the
Company
(XIV) In my opinion, the Company is not a dealer in shares, securities
fit debentures or any other investments. Accordingly, the provision of
clause 4(xiv) of the Order are applicable
(XV) In my opinion and according to the information and explanations
given to me the Company has not given any guarantee for loans taken by
others from banks or financial institutions during the year.
(XVI) The Company has not taken any term loan during the year; as such
required details need not be given.
(XVII) According to the information and explanations given to me and on
an overall examination of the Balance Sheet of the Company, no funds
are raised on short term basis, hence detail need not be given.
(XVIII) According to the information and explanations given to me, the
Company has not made any preferential allotment of shares to parties
fit Companies covered in the register maintained undersection 301 of
the Companies Act, 1956 for such a purpose.
(XIX) According to the information and explanations given to me, during
the period covered by my audit, the Company has not issued debentures
PLACE : THANE FOR BHADRESH SANGHAVI a ASSOCIATES
DATE : 2nd September,2011 CHARTERED ACCOUNTANT
sd/-
CA. Bhadresh B Sanghavi
(Proprietor)
M.No.111652
Mar 31, 2009
We have audited the attached Balance Sheet of TCL TECHNOLOGIES LIMITCD
as at 31st march 2009 and also the Profit and Loss Account for the year
ended on the date annexed thereto. These financial statements are the
responsibility of the company s management. Our responsibility is to
express an opinion on these financial statements based on our aud.t.
We have conducted our audit in accordance with the auditing standards
generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statement is free of material misstatements. An audit
includes examining, on test basic, evidence supporting the amounts
disclosure m the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements
presentation. We believe that our audit provides a reasonable basis for
our opinion.
We report as follows:
1 As required by the companies (auditors Report) Order, 2003 Issued by
the CentralGovernment of India, in terms of Section 227(4A) of the
Companies Act. 1956, we enclose in the Annexure a statement on the
matters specified in the paragraphs 4 and 5 of the said Order.
2 Further to our comments in the annexure referred to in paragraph 1
above:
a) We have obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purposes of our
audit.
b) Kept by the company so far as appears from our examination of the
books.
c) The Balance Sheet and Profit & Loss Account dealt with by this
reports are in agreement with the books of accounts.
d) Fn our opinion, the Balance Sheet and Profit & Loss Account dealt
with by this reports comply with the Accounting Standards referred to
in sub-section (3C) of Section 21 i of the companies Act, 1956.
e) On the basis of the written representations received from the
Directors as on 31st march 2009 and taken on record by the Board of
Directors, we do hereby certify that none of the Directors of the
Company i.e. TCL TECHONLOGIES Limited as on 31st March 2009 is
disqualified From being appointed as a director in the aforementioned
company in terms of clause (g) of sub-section (I) of Section 274 of the
companies. Act. 1956 on the said date.
f) In our opinion and to the best of our information and according to
the explanation given to us, the said accounts, read together with the
significant Accounting policies and Notes forming part of accounts,
give the information required by the companies Act, 1956 in the manner
accounting principles generally accepted in India;
i) In the case of the Balance Sheet, of the State of Affairs of the
company as
on 31st March 2009; ii) In the case of the Profit and Loss account, of
the Profit of the Company for the year ended on the date.
Referred to in paragraph 1 of our Report of even date:
1. The Company has no Fixed Assets during the year under Audit.
2. The securities are held as Investment by the company.
3. The Company has not granted / taken Unsecured Loan to/from
Companies, firms or other parties listed in the Register maintained
under Section 301 of Companies Act, 1956.
4. In our opinion the Company has an Internal Control System to
commensurate with its size and nature of its business.
5. In our opinion and according to the information given to us, the
transactions that need to be entered in the register maintained under
section 301 of the Companies Act. 1956 have been so entered.
6. In our opinion and according to the information and explanations
given to us. the Company has not accepted deposits from the public and
therefore, the provisions of Section 58A and 58AA of the Companies
Act,1956 and Rules under are not applicable to the Company.
7. The clause relating to the Internal Audit System is not applicable
to the Company.
8. Maintenance of Cost Records under Section 209(l)(d)of the Companies
Act, 1956 are not applicable to the Company.
9. The Company has no statutory dues payable to the government.
10. The company has accumulated losses as at 31 March 2009 which is
more than 50% of the net worth of the Company.
11. According to the records of the company examined by us and on the
basis of information & explanations given to us, the Company has not
defaulted in repayment of its dues to any financial institution or
banks during the year.
12. According to the information and explanations given to us, the
Company has not granted any loans and advances on the basis of security
by way of pledge of shares, debentures and other securities.
13. The provisions of any Special Statute applicable to chit fund,
nidhi or Mutual fund benefit/societies are not applicable to the
company.
14. The Company has maintained proper records of transaction and
contracts in respect ol investment in shares, securities, debentures
and other investment and timely entries have been made therein. All
shares debentures and other investment have been held by the Company in
its own name.
15. According to the information any explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial and therefore paragraph 4(xv) Of the order is not
applicable to the Company.
16. No Term loans have taken during the year of Audit.
17. On the basis of an overall examination of the financial statements
of the company, there are no funds raised on a short term basis which
have been used for long term investment and vise versa.
18. The Company has not made any preferential allotment of shares
during the year to any parties and companies covered in the Register
maintained under Section 301 of the Companies Act, 1956.
19. The Company has not issued any debentures during the year.
20. The Company has not raised any money by public issues during the
year.
21. To the best of our knowledge and explanations gives to us, no
fraud on or by the company has been noticed or reported during the
year.
For M. G. Shouche & Co
Chartered Accountants
C. A. M. G. Shouche
Proprietor
Membership No. 13102
Place: Nashik
Date: 15th May 2009.