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Alna Trading & Exports Ltd.

BSE: 506120 Sector: Others
NSE: N.A. ISIN Code: N.A.
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Alna Trading & Exports Ltd. (ALNATRADING) - Auditors Report

Company auditors report

Independent Auditors' Report

To the Members of

ALNA TRADING AND EXPORTS LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of Alna Trading and ExportsLimited ("the Company") which comprise the Balance Sheet as at March 31 2011the Statement of Profit and Loss and Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position financial performanceand cash flows of the Company in accordance with the Accounting Standards notified underthe Companies Act 1956 ("the Act") read with the General Circular 15/2013 dated13th September 2013 of the Ministry of Corporate Affairs in respect of Section133 of the Companies Act 2013 and in accordance with the accounting principles generallyAccepted in Indra. This responsibility includes the design implementation and maintenanceof internal control relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatements.

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 control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management aswell as 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 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:

(a) In the case of the Balance Sheet of the state of affairs of the Company as atMarch 31 2014;

(b) In the case of the Statement of Profit and Loss of the profit for the year endedon that date; and

(c) In the case of the Cash Flow Statement of the cash flows for the year ended onthat date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2003 ("the Order")issued by the Central Government of India in terms of Section 227(4A) of the Act we givein the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2 As required by Section 227(3) of the Act we report that:

a. We have obtained all the information and explanations which to the best of ourknowledge 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 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 Balance Sheet the Statement of Profit and Loss and the CashFlow Statement comply with Accounting Standards notified under the Act read with theGeneral Circular 15/2013 dated 13th September 2013 of the Ministry ofCorporate Affairs in respect of Section 133 of the Companies Act 2013;

e. On the basis of the written representations received from the directors as on March31 2011 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2014 from being appointed as a director in terms of Section 274 (1) (g)of the Act.

For Rajendra & Co.

Chartered Accountants

(Firm Reqistration No. 108355W)

K. K. desai

Partner

Membership No.: 100805

Mumbai

Dated: 30th May 2014

ANNEXURE TO AUDITOR'S REPORT

Referred to in Paragraph 2 of our report of even date

1. In respect of its fixed assets:

a. The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets on the basis of available information.

b. As explained to us all the fixed assets have been physically verified by theManagement at the end of the year which in our opinion is reasonable having regard tothe size of the Company and nature of its assets. No material discrepancies were noticedon such physical verification.

c. Based on the information and explanations given to us and on the basis of auditprocedures performed by us none of the significant fixed assets have been disposed offduring the year that may affect the going concern of the Company.

2. In respect of its inventories:

As there is no opening and closing Inventory for the year clause (ii) of the saidOrder is not applicable.

3. The Company has not granted or taken any loans secured or unsecured to/fromcompanies firms or other parties as listed in the register maintained under section 301of the Companies Act 1956. Therefore the provisions of clause 4(iii) of the Companies(Auditor's Report) Order 2003 are not applicable to the Company.

1. In our opinion and according to the information and explanations given to us thereare adequate internal control procedures commensurate with the size of the Company and thenature of its business for the purchase of inventory fixed assets and also for the saleof goods. During the course of our audit we have not observed any major weaknesses ininternal controls.

5. In respect of transactions covered under Section 301 of the Companies Act 1956:

a. In our opinion and according to the information and explanations given to us thereare no transactions made in pursuance of contracts or arrangements which needed to beentered into the register maintained under Section 301 of the Companies Act 1956 havebeen so entered.

b. In our opinion and according to the information and explanations given to us thereare no transactions of purchase of goods and materials or sale of goods materials andservices made in pursuance of contracts or arrangements entered in the register maintainedunder section 301 of the Companies Act 1956 aggregates during the year to Rs. 5 00000/-(Rupees Five Lacs only) or more in respect of any party.

6. The Company has not accepted any deposits from the public. Therefore the directivesissued by the Reserve Bank of India and the provisions of Section 58A and 58AA of theCompanies Act 1956 and the Companies (Acceptance of Deposit) Rules 1975 are notapplicable to the Company.

7. In our opinion the Company has an internal audit system commensurate with the sizeand nature of its business.

8. The Centra! Government has not prescribed maintenance of cost records under Section209 (1) (d) of the Companies Act 1956.

'9. In respect of statutory dues:

a. According to the records of the Company undisputed statutory dues including IncomeTax Sales tax Cess and other statutory dues have been generally regularly deposited withthe appropriate authorities. According to the information and explanations given to us noundisputed amounts payable in respect of income tax wealth tax sales tax customs dutyand excise duty were outstanding as at 31st March 2014 for a period of more than sixmonths from the date on which they became payable.

b. According to the information and explanations given to us there are no disputedstatutory dues that have not been deposited on account of matters pending beforeappropriate authorities.

10. The Company has no accumulated losses and has not incurred any cash losses duringthe financial year covered by our audit or in the immediately preceding financial year.

11. Based on our audit procedures and according to the explanations given to us andbased on the information available. Company has not taken any loan from financialinstitution Bank or from Debenture holders hence question of defaulting in repaymentdoes not arise.

12. In our opinion and according to the explanations given to us and based on theinformation available no loans and advances have been granted by the Company on the basisof security by way of pledge of shares debentures and other securities.

13. In our opinion the Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore the provisions of clause 4 (xiii) of the Companies (Auditor's Report)Order 2003 are not applicable to the Company.

14. Since Company is not dealing in shares or any other securities; clause (xiv) of thesaid Report is not applicable.

15. The Company has not given guarantees for loans taken by others from banks orfinancial institutions.

16. The Company has not raised any term loan during the year.

17. According to the information and explanations given to us the Company has not usedshort term loans during the year for the long-term purpose.

18. During the year the Company has not made any preferential allotment of shares toparties and companies covered in the Register maintained under Section 301 of theCompanies Act 1956.

19. Since Company has not raised any loans during the year; clause regarding securitiesin respect of Debentures does not arise.

20. The Company made no new public issue during the year.

21. In our opinion and according to the information and explanations given to us nofraud on or by the company has been noticed or reported during the year that may have amaterial bearing on the financial condition of the Company.

For Rajendra & Co.

Chartered Accountants

(Firm Registration NO.108355W)

K. K. Desai Partner

Membership No. 100805 Mumbai

Dated: 30th May 2014

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