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Aditya Consumer Marketing Ltd.

BSE: 540146 Sector: Others
NSE: N.A. ISIN Code: INE427V01013
BSE 15:24 | 16 Feb 219.00 1.10
(0.50%)
OPEN

219.00

HIGH

219.00

LOW

219.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 219.00
PREVIOUS CLOSE 217.90
VOLUME 14000
52-Week high 224.00
52-Week low 19.00
P/E 246.07
Mkt Cap.(Rs cr) 320
Buy Price 0.00
Buy Qty 0.00
Sell Price 236.00
Sell Qty 2000.00
OPEN 219.00
CLOSE 217.90
VOLUME 14000
52-Week high 224.00
52-Week low 19.00
P/E 246.07
Mkt Cap.(Rs cr) 320
Buy Price 0.00
Buy Qty 0.00
Sell Price 236.00
Sell Qty 2000.00

Aditya Consumer Marketing Ltd. (ADITYACONSUMER) - Auditors Report

Company auditors report

To members of Aditya Consumer Marketing Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Aditya Consumer MarketingLimited (the company) which comprise of the Balance Sheet as at 31st March 2017 theStatement of Pro t & Loss and the Cash Flow statement for the year ended on that dateand a summary 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 standalone financial statements that give a true and fair view of the financialposition financial performance and cash ows of the Company in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these standalone financial statementsbased on our audit. We have taken into account the provisions of the Act the accountingand auditing standards and matters which are required to be included in the audit reportunder the provisions of the Act and the Rules made 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 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 of thefinancial statements whether due to fraud or error.

In making those risk assessments the auditor considers internal financial controlrelevant to the Company's preparation of the financial statements that give a true andfair view in order to design audit procedures that are appropriate in the circumstances.

An audit also includes evaluating the appropriateness of the accounting policies usedand the reasonableness of the accounting estimates made by the Company's Directors aswell as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is suf cient and appropriate toprovide 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 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:

i. in the case of the Balance Sheet of the state of affairs of the Company as at 31stMarch 2017;

ii. in the case of the Statement of Pro t and Loss of the pro t of the Company for theyear ended on that date; and

iii. in the case of the Cash Flow Statement of the cash ows of the Company for theyear ended on that date.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order 2015 (the "Order")issued by the Central Government in terms of Sub section 11 of Section 143 of TheCompanies Act 2013 we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order.

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

(a) We have obtained all the information and explanations which to the best of ourknowledge and belief werefinecessary 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 the Statement of Pro t and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of account.

(d) In our opinion the Balance Sheet the Statement of Pro t and Loss and the CashFlow Statement comply with the Accounting Standards specified under Section 133 of theAct read with Rule 7 of the Companies (Accounts) Rules 2014.

(e) On the basis of the written representations received from the directors as on 31stMarch 2017 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2017 from being appointed as a director in terms of Section164(2) of the Act.

(f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate report in Annexure "B".

(g) 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 the best of our information and according to the explanations given to us:

i. the Company does not have any pending litigations which would impact its financialposition.

ii. the Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

iii. there were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For O.P. Tulsyan & Co
Chartered Accountants
Firm Reg No 500028N
Place: Lucknow Ca Sanjay Kumar Agarwal
Date: 8 th May 2017 Partner
Membership No 044173 of 1990

Annexure "A" to the Auditors' Report

The Annexure referred to in our report to the members of Aditya Consumer MarketingLimited ('The Company') for the year ended 31st March 2017 (in terms of the CompaniesAuditor's Report Order 2016 dated 29.03.2016 issued by Ministry of Corporate Affairs.).

We report that:

1. (a) Whether the company is maintaining proper records showing full particularsincluding quantitative details and situation of fixed assets;

"Yes"

(b) Whether these fixed assets have been physically veri ed by the management atreasonable intervals; whet her any material discrepancies were noticed on suchverification and if so whether the same have been properly dealt with in the books ofaccount;

"Yes"

(c) Whether the title deeds of immovable properties are held in the name of thecompany. If not provide the details thereof "Not Applicable"

2.

(a) Whether physical verification or inventory has been conducted at reasonableintervals by the management and whether any material discrepancies were noticed and if sowhether they have been properly dealt with in the books of account

"Yes No Not Applicable"

3. Whether the company has granted any loans secured or unsecured to companies firmsLimited Liability Partnerships or other parties covered in the register maintained undersection 189 of the Companies Act. If so

"No"

(a) whether the terms and conditions of the grant of such loans are not prejudicial tothe company's interest;

"Not Applicable"

(b) whether the schedule of repayment of principal and payment of interest has beenstipulated and whether the repayments or receipts are regular;

"Not Applicable"

(c) if the amount is overdue state the total amount overdue for more than ninety daysand whether reasonable steps have been taken by the company for recovery of the principaland interest;

"Not Applicable"

4. In respect of loans investments guarantees and security whether provisions ofsection 185 and 186 of the Companies Act 2013 have been complied with. If not providethe details thereof.

"Yes Not Applicable"

5. In case the company has accepted deposits whether the directives issued by theReserve Bank of India and the provisions of sections 73 to 76 or any other relevantprovisions of the Companies Act 2013 and the rules framed thereunder where applicablehave been complied with? If not the nature of such contraventions be stated; If an orderhas been passed by Company Law Board or National Company Law Tribunal or Reserve Bank ofIndia or any court or any other tribunal whether the same has been complied with or not?

"No Not Applicable"

6. Whether maintenance of cost records has been specified by the Central Governmentunder sub-section (1) of section 148 of the Companies Act 2013 and whether such accountsand records have been so made and maintained.

No Not Applicable

7.

(a) Is the company regular in depositing undisputed statutory dues including providentfund employees' state insurance income-tax sales-tax service tax duty of customsduty of excise value added tax cess and any other statutory dues with the appropriateauthorities and if not the extent of the arrears of outstanding statutory dues as at thelast day of the financial year concerned for a period of more than six months from thedate they became payable shall be indicated.

"Generally yes except in certain cases where the same were deposited by thecompany during the currency of audit. However such default has not exceeded sixmonths"

(b) Where dues of income tax or sales tax or service tax or duty of customs or duty ofexcise or value added tax have not been deposited on account of any dispute then theamounts involved and the forum where dispute is pending shall be mentioned. (A mererepresentation to the concerned Department shall not constitute a dispute).

"No Not Applicable"

8. Whether the company has defaulted in repayment of loans or borrowing to a financialinstitution bank Government or dues to debenture holders? If yes the period and theamount of default to be reported (in case of defaults to banks financial institutionsand Government lender wise details to be provided).

"No Not Applicable"

9. Whether moneys raised by way of initial public offer or further public offer(including debt instruments) and term loans were applied for the purposes for which thoseare raised. If not the details together with delays or default and subsequent rectication if any as may be applicable be reported;

"Yes Not Applicable"

10. Whether any fraud by the company or any fraud on the Company by its officers oremployees has been noticed or reported during the year; If yes the nature and the amountinvolved is to be indicated;

"No Not Applicable"

11. Whether managerial remuneration has been paid or provided in accordance with therequisite approvals mandated by the provisions of section 197 read with Schedule V to theCompanies Act? If not state the amount involved and steps taken by the company forsecuring refund of the same;

"Yes Not Applicable"

12. Whether the Nidhi Company has complied with thefinet Owned Funds to Deposits in theratio of 1: 20 to meet out the liability and whether the Nidhi Company is maintaining tenper cent unencumbered term deposits as specified in the Nidhi Rules 2014 to meet out theliability;

"Not Applicable"

13. Whether all transactions with the related parties are in compliance with sections177 and 188 of Companies Act 2013 where applicable and the details have been disclosed inthe Financial Statements etc. as required by the applicable accounting standards;

"Yes"

14. Whether the company has made any preferential allotment or private placement ofshares or fully or partly convertible debentures during the year under review and if soas to whether the requirement of section 42 of the Companies Act 2013 have been compliedwith and the amount raised have been used for the purposes for which the funds wereraised. If not provide the details in respect of the amount involved and nature ofnon-compliance;

"No Not Applicable"

15. Whether the company has entered into any non-cash transactions with directors orpersons connected with him and if so whether the provisions of section 192 of CompaniesAct 2013 have been complied with;

"No Not Applicable"

16. Whether the company is required to be registered under section 45-IA of the ReserveBank of India Act 1934 and if so whether the registration has been obtained.

"No Not Applicable"

For O.P. Tulsyan & Co
Chartered Accountants
Firm Reg No 500028N
Place: Lucknow Ca Sanjay Kumar Agarwal
Date: 8 th May 2017 Partner
Membership No 044173 of 1990