Mar 31, 2012
1. We have audited the attached Balance Sheet of Techtrek India
Limited (Formerly known as ZentronicsTechnologies Limited) as at 31 st
March 201 2, the Profit and Loss Account and also the Cash Flow
Statement 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 have 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 misstatements. 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 sub-section 227 of the
Companies Act, 1 956, we enclose in the Annexure a statement on the
matters specified in Paragraphs 4 and 5 of the said Order to the extent
applicable.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we report that:
i) 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.
ii) In our opinion, proper books of accounts as required by law have
been kept by the Company as it appears from our examination of such
books and proper returns adequate for the purposes of our audit have
been received from the branches not visited by us,
iii) The Balance Sheet and Profit & Loss Account dealt with by this
report are in agreement with the books of accounts.
iv) In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
sub-section (3C) of Section 211 of the Companies Act, 1956,
v) On the basis of written representation received from the Directors,
as on 31 st March 2012, and taken on record by the Board of Directors,
we report that none of the Directors are disqualified as on 31 st
March, 201 2, from being appointed as Directors in terms of clause (g)
of sub-section (1) of Section 274 of the Companies Act, 1 956,
vi) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read together with
Notes on Accounts in Schedule XII give the information required by the
Companies Act, 1 956 in the manner so required, and gives a true and
fairview in conformity with the accounting principles generally
accepted in India.
a) in the case of the Balance Sheet, of the State of Affairs of the
Company as at 31 st March, 201 2 and
b) in the case of the Profit and Loss Account, of the Profit of the
Company for the year ended on that date.
c) in the Cash Flow Statement of the Cash Flows for the year ended on
that date
ANNEXURE TO THE AUDITORS' REPORT
TO THE MEMBERS OFTECHTREK INDIA LIMITED, MUMBAI.
(FORMERLY KNOWN AS ZENTRONICSTECHNOLOGIES LIMITED)
Referred to in Paragraph 3 of the Auditors Report to the members for
the year ended 31 st March, 201 2
On the basis of information and according to the explanation given to
us and records examined by us in the normal course of our audit and to
the best of our knowledge and belief in our opinion, we further report
that:
1. (a) The Company has maintained proper records showing full
particulars, including quantitative
details and situation of fixed assets,
(b) The management has at reasonable intervals physically verified the
fixed assets and no material discrepancies were noticed on such
verification.
(c) The Company has not disposed off substantial part of its fixed
Assets during the year.
2. As explained to us, there are no inventories at the end of the
year.
3. The Company has neither granted Loans nor ta ken any Loans from
parties covered in the register maintained under section 301 of the
Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations there are no items
purchased during the year which require obtaining comparable
quotations. There are adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to Purchases of Fixed Assets and other Assets. During the course of our
Audit, we have not observed any major weakness in the internal
controls.
5. (a) To the best of our knowledge and belief and according to the
information and explanations given to us, we are of the opinion that
there are no transactions that need to be entered into the register
maintained under Section 301 of the Companies Act, 1956.
(b) In our opinion and having regard to our comments in paragraph (4)
above, and according to the information and explanations given to us,
there are no transactions made in pursuance of contracts or
arrangements entered in the register maintained under Section 301 of
the Companies Act, 1956.
6. The Company has not accepted any new Fixed Deposits from the
Public.
7. The Company has no Internal Audit system at present.
8. We are informed that the Central Government has not prescribed
maintenance of cost records under section 209(1 )(d) of the Companies
Act, 1 956 for any of the products of the Company.
9. (a) According to the information and explanations given to us, the
Company does not have any Provident Fund Scheme, ESI Scheme as the
Number of employees is below the minimum limit.
(b) According to the information and explanations given to us, no
undisputed amounts payable in respect of Income lax were in arrears, as
at March 31, 2012 fora period of more than six months from the date
they became payable.
10. The company has accumulated losses at the end of the financial
year, However, the Company has not incurred any cash losses during the
financial year covered by our audit or in the immediately preceding
financial year,
11. In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
financial institution, bank.
12. In our opinion and according to the information and explanations
given to us, no loans and advances have been granted by the company on
the basis of security by way of Pledge of Shares, Debentures and
Securities.
13. In our opinion, the company is not a chit fond or a Nidhi/mutual
benefit fund society Therefore the provisions for clause 4 (xiii) of
the companies (Auditor's Report) order 2003 are not applicable to the
company.
14. In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Accordingly, the
provisions of clause 4(xiv) of the Companies (Auditor's Report) Order;
2003 are not applicable to the Company
15. According to the information and explanations given to us, and the
representation made by the Management, the Company has given two
Corporate Guarantees for Overdraft facilities taken by a Company from a
Bank in India and another facility taken by another Company from a
branch of a Indian Nationalised Bank in UK.
16. In our opinion and according to the information and explanations
given to us, the Company had taken new Term Loan during earlier years
and is repaying equated monthly instalments inclusive of interest on
the specified dates.
17. In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company we report that no funds raised on short- term basis have been
used for long term investment and vice-versa.
18. According to the information and explanations given to us, the
Company has not made any Preferential Allotment of Shares to parties
and companies covered in the Register maintained under Section 301 of
the Companies Act, 1 956.
19. In our opinion and according to the information and explanations
given to us, the Company has not issued any secured debentures during
the period covered by our report. Accordingly the provisions of clause
4(xix) of the Companies (Auditor's Report) Order; 2003 are not
applicable to the Company.
20. During the year covered by our Audit report, the Company has not
raised any money by public issues.
21. To the best of our knowledge and belief and according to the
information and explanations given to us, no fraud on or by the Company
have been noticed or reported during the course of our Audit,
A. PURI & CO
Chartered Accountants
(Regn. No.108231W)
(Ashok Puri)
Place : Mumbai Proprietor
Date : 1st September, 2012 Membership No. 13203
Mar 31, 2010
NOt Available
Mar 31, 2009
1. We have audited the attached Balance Sheet of Zentronics
Technologies Limited (Formerly known as Nirmal Metal Fabricators
Limited) as at 31st March 2009. 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 have 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 misstatements. 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 sub-section 227 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 to the extent
applicable.
4. Further to our comments in the Annexure referred to in paragraph 3
above, we report that:
i) 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.
ii) In our opinion, proper books of accounts as required by law have
been kept by the Company as it appears from our examination of such
books and proper returns adequate for the purposes of our audit have
been received from the branches not visited by us.
iii) The Balance Sheet and Profit & Loss Account dealt with by this
report are in agreement with the books of accounts.
iv) In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
sub-section (3C) of Section 211 of the Companies Act, 1956.
v) On the basis of written representation received from the Directors,
as on 31st March 2009, and taken on record by the Board of Directors,
we report that none of the Directors are disqualified as on 31st March,
2009, from being appointed as Directors in terms of clause (g) of sub-
section (1) of Section 274 of the Companies Act, 1956.
vi) In our opinion and to the best of our information and according
tojthe explanations given to us, the said accounts read together with
Notes on Accounts in schedule XI give the information required by the -
Companies Act, 1956 in the manner so required, and gives 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 31st March, 2009 and
b) in the case of the Profit and Loss Account, of the Profit of the
Company for the year ended on that date.
ZENTRONICS TECHNOLOGIES LIMITED, MUMBAI. (FORMERLY KNOWN AS NIRMAL
METAL FABRICATORS LIMITED) ANNEXURE TO THE AUDITORS REPORT Referred to
in Paragraph 3 of the Auditors Report to the members of for the year
ended 31st March, 2009
On the basis of information and according to the explanation given to
us and records examined by us in the normal course of our audit and to
the best of our knowledge and belief, in our opinion, we further
report that:
1. (a) The Company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets.
(b) The management has at reasonable intervals physically verified the
fixed assets and no material discrepancies were noticed on such
verification.
(c) The Company has not disposed off substantial part of its fixed
Assets during the year.
2. As explained to us, there are no inventories since the Company has
still not been able to start any production activities.
3. The Company has given Loans and also taken Loans from parties
covered in the register maintained under section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations there are no items
purchased during the year which require obtaining comparable
quotations. There are adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to Purchases of Fixed Assets and other Assets. During the course of our
Audit, we have not observed any major weakness in the internal
controls.
5. (a) To the best of our knowledge and belief and according to the
information and explanations given to us, we are of the opinion that
the transactions that need to be entered into the register maintained
under Section 301 of the Companies Act, 1956 have been so entered.
(b) In our opinion and having regard to our comments in paragraph (4)
above, and according to the information and explanations given to us,
there are transactions made in pursuance of contracts or arrangements
entered in the register maintained under Section 301 of the Companies
Act, 1956 and exceeding the value of Rupees five lakhs in respect of
any party during the year.
6. The Company has not accepted any new Fixed Deposits from the
Public.
7. In our opinion, the Company has an internal audit system
commensurate with its size and nature of its business.
8. We are informed that the Central Government has not prescribed
maintenance of cost records under section 209(1 )(d) of the Companies
Act, 1956 for any of the products of the Company.
9. (a) According to the information and explanations given to us, the
Company does not have any Provident Fund Scheme, ESI Scheme as the
Number of employees is below the minimum limit.
(b) According to the information and explanations given to us, no
undisputed amounts payable in respect of Income Tax were in arrears, as
at March 31, 2009 for a period of more than six months from the date
they became payable.
10. In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to a
financial institution, bank. However, Rs. 50,00,000/- have still to be
paid to the Debenture Holders inspite of the Bombay High Court Order.
11. In our opinion and according to the information and explanations
given to us, no loans and advances have been granted by the company on
the basis of security by way of Pledge of Shares, Debentures and
Securities.
12. In our opinion, the company is not a chit fund or a Nidhi/mutual
benefit fund society. Therefore the provisions for clause 4 (xiii) of
the companies (Auditors Report) order 2003 are not applicable to the
company.
13. In our opinion and according to the information and explanations
given to us, the Company is not dealing in or trading in shares,
securities, debentures and other investments. Accordingly, the
provisions of clause 4(xiv) of the Companies (Auditors Report) Order,
2003 are not applicable to the Company.
14. According to the information and explanations given to us, and the
representation made by the Management, the Company has given Corporate
Guarantee for Overdraft facility taken by a Company from a Bank.
15. In our opinion and according to the information and explanations
given to us, the Company has taken a new Term Loan during the year for
thirty three months and is repaying equated monthly installments
inclusive of interest on the specified dates.
16. In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been
used for long term investment and vice-versa.
17. According to the information and explanations given to us, the
Company has not made any Preferential Allotment of Shares to parties
and companies covered in the Register maintained under Section 301 of
the Companies Act, 1956.
18. In our opinion and according to the information and explanations
given to us, the Company has not issued any secured debentures during
the period covered by our report. Accordingly, the provisions of clause
4(xix) of the Companies (Auditors Report) Order, 2003 are not
applicable to the Company.
19. During the year covered by our Audit report, the Company has not
raised any money by public issues.
20. To the best of our knowledge and belief and according to the
information and explanations given to us, no fraud on or by the Company
have been noticed or reported during the course of our Audit.
For A.PURI & CO.
CHARTERED ACCOUNTANTS
PLACE: MUMBAI. (Proprietor)
DATE : 03.09.2009 (M.No. 13203)
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