Online-Trading Portfolio-Tracker Research Back-Office MF-Tracker
BSE Prices delayed by 5 minutes... << Prices as on Oct 31, 2024 >>   ABB 7436.8 [ 0.21 ]ACC 2319.8 [ -0.51 ]AMBUJA CEM 580.4 [ 0.18 ]ASIAN PAINTS 2938.1 [ -1.97 ]AXIS BANK 1158.5 [ -1.20 ]BAJAJ AUTO 9835.45 [ -0.92 ]BANKOFBARODA 251.2 [ -0.06 ]BHARTI AIRTE 1611.65 [ -1.34 ]BHEL 239.05 [ 1.08 ]BPCL 310.65 [ -0.22 ]BRITANIAINDS 5727.15 [ -0.93 ]CIPLA 1553.2 [ 9.58 ]COAL INDIA 452.3 [ 0.61 ]COLGATEPALMO 3060.35 [ -0.95 ]DABUR INDIA 539.95 [ -1.28 ]DLF 820.75 [ -0.70 ]DRREDDYSLAB 1274.25 [ 1.92 ]GAIL 199.95 [ -1.89 ]GRASIM INDS 2694 [ 0.77 ]HCLTECHNOLOG 1767.95 [ -3.89 ]HDFC 2729.95 [ -0.62 ]HDFC BANK 1734.95 [ 0.00 ]HEROMOTOCORP 4990.05 [ 1.27 ]HIND.UNILEV 2527.5 [ -1.07 ]HINDALCO 686.05 [ -0.23 ]ICICI BANK 1291.55 [ -1.57 ]IDFC 108 [ -1.77 ]INDIANHOTELS 676.75 [ -1.13 ]INDUSINDBANK 1055.75 [ -0.12 ]INFOSYS 1757.15 [ -2.48 ]ITC LTD 488.5 [ -0.60 ]JINDALSTLPOW 920.3 [ 0.25 ]KOTAK BANK 1730.5 [ -0.29 ]L&T 3624.4 [ 6.38 ]LUPIN 2186.25 [ 1.34 ]MAH&MAH 2727.35 [ 0.71 ]MARUTI SUZUK 11080.6 [ -1.59 ]MTNL 48.58 [ 0.23 ]NESTLE 2264.25 [ -0.51 ]NIIT 154.95 [ -2.02 ]NMDC 221.6 [ -1.09 ]NTPC 408.1 [ -0.06 ]ONGC 266.2 [ 1.68 ]PNB 97.85 [ -2.10 ]POWER GRID 321.2 [ 0.86 ]RIL 1332.6 [ -0.84 ]SBI 820.5 [ -0.23 ]SESA GOA 463.85 [ -0.93 ]SHIPPINGCORP 216.35 [ -0.41 ]SUNPHRMINDS 1849.05 [ -0.18 ]TATA CHEM 1148.7 [ 1.43 ]TATA GLOBAL 1002.55 [ -2.03 ]TATA MOTORS 834.1 [ -0.74 ]TATA STEEL 148.65 [ -0.20 ]TATAPOWERCOM 440.05 [ 3.02 ]TCS 3971.25 [ -2.80 ]TECH MAHINDR 1608.25 [ -4.54 ]ULTRATECHCEM 11067.65 [ -1.17 ]UNITED SPIRI 1448.6 [ 0.25 ]WIPRO 551.8 [ -2.42 ]ZEETELEFILMS 122.1 [ -0.04 ] BSE NSE
You can view full text of the latest Auditor's Report for the company.

BSE: 780018ISIN: INE067R01015INDUSTRY: Trading

BSE   ` 250.00   Open: 250.00   Today's Range 250.00
250.00
+0.00 (+ 0.00 %) Prev Close: 250.00 52 Week Range 250.00
250.00
Year End :2016-03 

TO THE MEMBERS OF ADHIRAJ DISTRIBUTORS LTD.

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of Adhiraj Distributors Limited ('the Company') which comprises the Balance Sheet as at 31 March 2016, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Standalone 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 standalone 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 principles generally accepted in India including the 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 of frauds and other irregularities; the selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone 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 standalone 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 the 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 misstatements.

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 the 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. 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 standalone 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 March 31, 2016, and its profit and its Cash Flows for the period ended on that date.

Report on Other Legal and Regulatory Requirements:

1. As required by the Companies (Auditor's Report) Order, 2016 ("the Order") issued by the Central Government of India in terms of sub-section (11) of the section 143 of the Act, we give in the " Annexure A" , a statement on the matters specified in paragraphs 3 and 4 of the order.

2. As required by Section 143(3) of the Act, we report that:

a) We have sought and 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 those books.

c) The Balance Sheet, the Profit and Loss Statement and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid standalone 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 the written representations received from the directors as on March 31, 2016, taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2016, from being appointed as a director in terms of Section 164 (2) of the Act.

f) With respect to the adequacy of the internal financial controls over financial reporting of the company and the operating effectiveness of such controls, refer to our separate reports in "Annexure B" and

g) with respect to 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 information and according to the explanations given to us, we report as under

(i) The Company does not have any pending litigations which would impact its financial position.

(ii) The Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses

(iii) There were no amounts which required to be transferred by the Company to the Investor Education and Protection Fund. instruments and term Loans. Accordingly, the provisions of clause 3 (ix) of the Order are not applicable to the Company and hence not commented upon.

10. In our opinion and according to the information and explanations given to us by the management, we report that no fraud by the Company or on the company by its officers or employees has been noticed or reported during the year.

11.In our opinion and according to the information and explanations given to us by the management, the managerial remuneration has been paid or provided in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Companies Act;

12. In our opinion, the Company is not a Nidhi Company. Therefore, the provisions of clause 3 (xii) of the Order are not applicable to the Company.

13.In our opinion and according to the information and explanations given to us, the Company has not entered transaction with related parties in compliance with the provisions of section 177 and 188 of Companies Act, 2013 and the details have been disclosed in the Financial Statements as required by the applicable accounting standards.

14. In our opinion and according to the information and explanations given by the management, the company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Accordingly, the provisions of clause 3 (xiv) of the Order are not applicable to the Company and hence not commented upon.

15. In our opinion and according to the information and explanations given by the management, the company has not entered into any non-cash transactions with directors or persons connected with him. Accordingly, the provisions of clause 3 (xv) of the Order are not applicable to the Company.

16. In our opinion and according to the information and explanations given by the management, the company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934 and accordingly, the provisions of clause 3 (xvi) of the Order are not applicable to the Company and hence not commented upon.

Annexure B referred to in our Independent Auditors' Report to the members of the Company on the standalone financial statements for the year ended 31 March, 2016 (Referred to in paragraph 2(f) under 'Report on Other Legal and Regulatory Requirements' of our report of even date) Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of ADHIRAJ DISTRIBUTORS LIMITED("the Company") as of March 31, 2016 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India" (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditor's Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Note") issued by the Institute of Chartered Accountants of India (ICAI) and the Standards on Auditing prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. 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.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

A company's internal financial control over financial reporting includes those policies and procedures that:

(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

(2) Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

(3) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2016, based on "the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India" (ICAI).

For A Agarwal & Associates

Chartered Accountant

FRN - 326873E Sd/-Amit Agarwal,

Partner

(M. No. 064726)

Date: May 30th, 2016

Place: Kolkata