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Adhbhut Infrastructure Ltd.

BSE: 539189 Sector: Infrastructure
NSE: N.A. ISIN Code: INE578L01014
BSE LIVE 10:01 | 28 Sep Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 53.55
PREVIOUS CLOSE 51.00
VOLUME 2
52-Week high 53.55
52-Week low 42.00
P/E
Mkt Cap.(Rs cr) 58.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 53.55
CLOSE 51.00
VOLUME 2
52-Week high 53.55
52-Week low 42.00
P/E
Mkt Cap.(Rs cr) 58.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Adhbhut Infrastructure Ltd. (ADHBHUTINFRA) - Auditors Report

Company auditors report

INDEPENDENT AUDITOR’S REPORT ON FINANCIAL STATEMENTS

To

The Members of M/s Adhbhut Infrastructure Limited

Report on the financial statements

We have audited the accompanying financial statements of M/s Adhbhut InfrastructureLimited (The "Company") which comprise the Balance Sheet as at 30thJune 2015 Statement of Profit and Loss and Cash Flow Statement for the year ended on thatdate and a summary of 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 preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flow 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 includes maintenance of adequate accounting records in accordance with theprovisions of the Act for safeguarding the assets of the Company and for preventing anddetecting 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 the preparation and presentation of the financial statements thatgive a 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 there under.

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 the 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 andthe disclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers the internal control relevant to the Company’s preparation ofthe financial statements that give a true and fair view in order to design auditprocedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the Company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the Company’s directors as wellas evaluating the overall presentation of the financial statements.

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

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner 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 30thJune 2015 and its profit and its cash flow for the year ended on that date.

Report on other Legal and regulatory requirements

1. We give in the Annexure a statement on the matters specified in paragraphs 3 and 4of the Companies (Auditor’s Report) Order 2015 issued by Central Government of Indiapursuant to section 143(11) of the Act.

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

(c) The Balance Sheet and the Statement of Profit and Loss dealt with by this Reportare in agreement with the books of account.

(d) In our opinion the Balance Sheet and the Statement of Profit and Loss comply withthe Accounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014

(e) On the basis of the written representations received from the directors as on 31stMarch 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in terms of Section164(2) of the Act.

(f) With respect to the 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 the best of our information and according to the explanations given to us:

(i) The Company does not have any pending litigation. Hence no comments are required onthis.

(ii) The Company has not entered into any long term contract including derivativecontracts. Hence provisions of this clause are not applicable to the Company.

(iii) There is no amount outstanding required to be transferred to Investor Educationand Protection Fund by the Company.

For B. Lugani & Associates
Chartered Accountants
FRN.:-002560N
Sd/-
Place : New Delhi (B. Lugani)
Date : 24.08.2015 Partner
M.No. 081454

ANNEXURE TO AUDITORS’ REPORT

Referred to in Paragraph 3 of our Report of even date:

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

(b) The fixed assets have been physically verified by the management during the year.In our opinion the frequency of verification of the fixed assets by the management isreasonable having regard to the size of the Company and the nature of its assets. Nomaterial discrepancies were noticed on such verification.

2. The Company had not been carrying any inventory at any time during the year hencein our opinion provision of para 3(ii) are not applicable.

3. During the year the Company has not granted any loans secured or unsecured toCompanies firm or other parties covered in the registers maintained under Section 189 ofthe Companies Act 2013 and hence provisions of para 3(iii) of the order are notapplicable.

4. In our opinion and according to the information and explanations provided to usthere are adequate internal control procedures commensurate with the size of the Companyand the nature of its business. During the course of our audit no major weakness has beennoticed in the internal control.

5. The Company has not accepted any deposits from public

6. We have been informed by the management that maintenance of cost records has notbeen specified by the Central Government under sub-section (1) of section 148 of theCompanies Act.

7. a) According to the information and explanation given to us the company is regularin depositing statutory dues which are applicable for the year under audit.

b) There were no disputed amounts payable in respect of statutory dues as at 30thJune 2015.

c) Provisions of clause (c) are not applicable.

8. The Company neither has accumulated losses at the end of the financial year nor hasincurred cash losses during the current financial year and in the immediately precedingfinancial year;

9. Based on our audit procedures and the information and explanations given by themanagement we are of the opinion that the Company has not borrowed from financialinstitutions or banks or through issue of debentures. Hence Comments under the clause arenot called for.

10. The Company has not given any guarantee for loans taken by others from bank orfinancial institutions.

11. The Company has not taken any term loan from bank or financial institutions. Hencethe comments under the clause are not called for.

12. Based on the audit procedures performed and information and explanations given tous by the management we report that no fraud on or by the Company has been noticed orreported during the course of our audit.

For B. Lugani & Associates
Chartered Accountants
FRN.:-002560N
Sd/-
Place : New Delhi (B. Lugani)
Date : 24.08.2015 Partner
M.No. 081454

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