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A Infrastructure Ltd.

BSE: 539620 Sector: Industrials
NSE: N.A. ISIN Code: INE534E01012
BSE LIVE 11:12 | 06 Dec 33.00 0.25
(0.76%)
OPEN

33.00

HIGH

33.00

LOW

33.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 33.00
PREVIOUS CLOSE 32.75
VOLUME 15
52-Week high 33.00
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 35.18
Buy Price 33.00
Buy Qty 1010.00
Sell Price 0.00
Sell Qty 0.00
OPEN 33.00
CLOSE 32.75
VOLUME 15
52-Week high 33.00
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 35.18
Buy Price 33.00
Buy Qty 1010.00
Sell Price 0.00
Sell Qty 0.00

A Infrastructure Ltd. (AINFRASTRUCTURE) - Auditors Report

Company auditors report

TO THE MEMBERS OF

A Infrastructure Limited Report on the Financial Statements

We have audited the accompanying financial statements of A InfrastructureLimited("the Company") which comprise the Balance Sheet as at 31st March 2015the Statement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to be preparation and presentation of the financial statements that givea true and fair view and are free from material misstatement whether due to fraud orerror.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances but not for the purpose of expressing whetherthe company has in place an adequate internal financial control system over financialreporting and operating effectiveness of such control. An audit also includes evaluatingthe appropriateness of the accounting policies used and the reasonableness of theaccounting estimates made by the Company's Directors as well as evaluating the overallpresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by the Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India of the state of affairs of the Company as at 31stMarch 2015 and its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 issued by the CentralGovernment of India in terms of sub section (11) of section 143 of the Act (hereinafterreferred to as the "Order") we give in the Annexure a statement of the mattersspecified in paragraphs 3 and 4 of the Order to the extent applicable.

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 bestof 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 theCompany so far as it appears from our examination of those books.

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

d) In our opinion the aforesaid financial statements comply with the accountingstandard referred to in section 133 of the Companies Act 2013 read with rule 7 of theCompanies(Accounts) Rules 2014.

e) On the basis of written representation received from the directors as on 31st March2015 and taken on record by the Board of Directors none of the directors is disqualifiedas on 31st March 2015 from being appointed as a director in terms of sub section (2) ofsection 164 of the Companies Act 2013.

f) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to best of our information and according to the explanation given to us:

I. The company has disclosed the impact of pending litigation as at 31st March 2015 onits financial position in it's financial statement-Refer Note 30 of Financial Statement.

ii. The company has made provision as at 31st March 2015 as required under theapplicable law or Accounting Standards for material foreseeable losses if any on longterm contracts including derivative contracts.

ii. There has been no delay in transferring amounts required to be transferred to theinvestor's education and protection fund by the company.

For Agiwal & Associates
Chartered Accountants
Firm Registration No. 000181N
Sd/-
P.C. Agiwal
Place : New Delhi Partner
Date : 30th May 2015 Membership No. 080475

ANNEXURE TO INDEPENDENT AUDITORS' REPORT

Referred to in paragraph 1 of report on other legal and regulatory requirement'sparagraph of our report on the financial statement as of and for the year ended 31stMarch 2015.

I. In respect of fixed assets:

a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

b) The fixed assets of the Company have been physically verified by the Managementduring the year and no material discrepancies have been noticed on such verification. Inour opinion the frequency of verification is reasonable;

ii. In respect of inventory:

(a) The inventory excluding stocks with third parties has been physically verified bythe Management during the year. In respect of inventory lying with third parties thesehave substantially been confirmed by them. In our opinion the frequency of verificationis reasonable.

(b) In our opinion the procedures of physical verification of inventory followed byManagement are reasonable and adequate in relation to the size of the Company and thenature of its business.

(c) On the basis of our examination of the inventory records in our opinion theCompany is maintaining proper records of inventory. The discrepancies noticed on physicalverification of inventory as compared to book records were not material.

iii. As per the information and explanations given to us the Company has not grantedany loans secured or unsecured to companies firms or other parties during the yearlisted in the register maintained under Section 189 of Companies Act 2013 and so desiredparticulars has not placed in the register maintained under the said section.

iv. In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the Company and thenature of its business with regard to purchase of inventory and fixed assents and for thesale of goods. During the course of audit no major weakness has been noticed in theinternal controls.

v. According to the information and explanations given to us the Company has notaccepted any deposits in terms of directives issued by Reserve Bank of India and theprovisions of Sections 73 to 76 or any other relevant provisions of the Companies Act andthe rules framed there under.

vi. We have broadly reviewed the books of accounts maintained by the company in respectof products where pursuant to the Rules made by the Central Government the maintenanceof cost records has been prescribed under section 148(1) of the Companies Act 2013 andare of the opinion that prima facie the prescribed accounts and records have been madeand maintained. We have not however made a detailed examination of the records with aview to determine whether they are accurate or not.

vii. According to information and explanations given to us and the records examined byus in respect of statutory dues:

(a) The Company has generally been regular in depositing with appropriate authoritiesundisputed statutory dues including provident fund investor education and protectionfund employee's state insurance income tax value added tax wealth tax custom dutyexcise duty cess and other statutory dues wherever applicable.

(b) According to information and explanations given to us no undisputed arrears ofstatutory dues were outstanding as at 31st March 2015 for a period of more than sixmonths from the date they became payable.

(c) According to the information and explanations given to us there are statutory dueswhich have not been deposited on account of nay dispute. (Please Refer Annexure-II).

viii. There are no accumulated losses of the Company as on 31st March 2015. TheCompany has not incurred any cash losses during the financial year covered by our auditand the immediately preceding financial year.

ix. The Company has not defaulted in repayment of dues to Banks and payments have beenmade as per the repayment schedule sanctioned by the banks.

x. According to the information and explanations given to us the Company has givenguarantee for loans taken by its associate Company amounted to Rs. 775 Lacs from bank theterms and conditions where of are not prejudicial to the interest of the Company.

xi. In our opinion and according to the information and explanations given to us theCompany has availed term loans during the year which were applied for the purposed forwhich they were obtained.

xii. Based upon the audit procedures performed and according to the information andexplanations given to us no fraud on or by the company has been noticed or reportedduring the year of our audit.

For Agiwal & Associates
Chartered Accountants
Firm Registration No. 000181N
Sd/-
P.C. Agiwal
Place : New Delhi Partner
Date : 30th May 2015 Membership No. 080475

ANNEXURE-II

Nature of Dues Amount Period to which the amount relates Authority where the dispute is pending
Works Contract Tax 34.60 2004-05 D.C. (Appreal) Ahemadabad
Entry Tax 2.36 2012-13 D.C. (Appeal) Bhilwara
Excise duty 1102.32 Dec 03-Mar 06 CESTAT New Delhi
Excise duty 20.20 2001-02 Rajasthan High Court Jodhpur
Excise duty 6.23 Jan 12-Sep 12 Commissioner Appeals - Jaipur
Excise duty 14.41 Apr 13-Dec 13 Commissioner Appeals - Jaipur
Excise duty 26.26 Jan 14-Seo 14 Commissioner Appeals - Jaipur
Excise duty 4.12 Oct 14-Mar 15 Commissioner Appeals - Jaipur
Excise duty 5.63 2013-14 Commissioner Appeals - Jaipur
Service Tax 264.64 2013-14 CESTAT - New Delhi
Excise duty 13.93 May 08-Oct 09 CESTAT - New Delhi
Excise duty 9.48 Nov 09-Feb 11 CESTAT - New Delhi
Income Tax (TCS) 2.18 2009-10 to 2014-15 Asstt. comm. of income tax Udaipur
Service Tax 134.95 2013-14 Commissioner C.E. Ahemdabad-II F.No. V-24/15-129/OA/2013
Total 1641.31

*Net of tax deposited including the payment which will be made before filling of thereturn of income.

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