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Amber Fabrics Ltd.

BSE: 536820 Sector: IT
NSE: N.A. ISIN Code: INE777E01017
BSE LIVE 12:49 | 08 Dec 14.82 0
(0.00%)
OPEN

14.82

HIGH

14.82

LOW

14.82

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 14.82
PREVIOUS CLOSE 14.82
VOLUME 5
52-Week high 15.64
52-Week low 5.80
P/E
Mkt Cap.(Rs cr) 7.77
Buy Price 0.00
Buy Qty 0.00
Sell Price 14.82
Sell Qty 743.00
OPEN 14.82
CLOSE 14.82
VOLUME 5
52-Week high 15.64
52-Week low 5.80
P/E
Mkt Cap.(Rs cr) 7.77
Buy Price 0.00
Buy Qty 0.00
Sell Price 14.82
Sell Qty 743.00

Amber Fabrics Ltd. (AMBERFABRICS) - Auditors Report

Company auditors report

INDEPENDENT AUDITORS OPINION

To The Members of

BOSTON TEKNOWSYS (INDIA) LIMITED

Hyderabad. Report on the financial Statements

We have audited the accompanying financial Statements of M/s BOSTON TEKNOWSYS (INDIA)LIMITED which comprise the Balance Sheet as at 31st March 2014 The statement of Profit& Loss Account and the cash flow Statement for the year ended and a summary of thesignificant accounting policies and other explanatory information.

Managements Responsibility for the Financial Statements

The Companies management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position and financialperformance of the company in accordance with the accounting standards referred to inSub-section (3C) of section 211 of the companies Act 1956. This responsibility includesthe design Implementation and maintenance of internal control relevant to the preparationand presentation of the financial statements that give a true and fair view and are freefrom material misstatements whether due to fraud or error.

Auditors Responsibility

We have audited the attached Balance Sheet of M/s BOSTON TEKNOWSYS (INDIA) LIMITEDHyderabad as at 31st March 2014 the Profit & Loss Account and also the Cash Flowstatement for the year ended on that date annexed thereto. These financial statements arethe responsibility of the company's management. Our responsibility is to express anopinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted inIndia. These standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of material misstatements. Anaudit includes examining on test basis evidence supporting the amounts and disclosures inthe financial statements. An audit also includes assessing the accounting principles usedand significant estimates made by the management as well as evaluating the overallfinancial statement presentation.

We believe that our 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 said accounts read with other notes to accounts and accounting policiesgive the information required by the Companies Act 1956 in the manner so required andgive a true and fair view:-

i) In the case of Balance Sheet of the state of the affairs of the Company as at 31stMarch 2014 and

ii) In the case of Profit & Loss Account of the Profit of the Company for the yearended on that date.

iii) In the Cash Flow statement of the Cash Flow for the year ended on that date.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order2003 ("the Order")issued by the Central Government in terms of Section 227(4A) of the Act we give in theAnnexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

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 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 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 the Accounting Standards referred to in Section 211(3C) of theAct.

(e) On the basis of the written representations received from the directors as on 31stMarch 2014 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2014 from being appointed as a director in terms of Section274(1)(g) of the Act.

For CHANAMOLU AND CO.
Chartered Accountants
Firm Regi. No : 010000S
G. Murali
Place: Hyderabad Partner
Date : May 30th 2014 Membership No.234971

Annexure to the Auditors' Report (referred to in paragraph 3 of our Report of even dateto the Members of BOSTON TEKNOWSYS (INDIA) LIMITED for the year ended March 31 2014)

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

(b) Fixed Assets have been physically verified by the management and in our opinionthe verification is reasonable having regard to the size of the company and the nature ofits assets. There is no discrepancies were noticed on such verification.

(c) No substantial part of fixed assets has been disposed off during the year.

2. In respect of its inventories:

a) The Inventory of the Company has been physically verified during the year by themanagement. In our opinion the frequency of verification is reasonable.

b) In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the management arereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

c) The Company has maintained proper record of inventories. As explained to us therewere no material discrepancies notices on physical verification of inventories as comparedto the book records.

3. In our opinion and according to the information and explanations given to us thecompany has not granted or not taken any loans secured or unsecured to or from companiesfirms or other parties covered in the register maintained under Section 301 of theCompanies Act 1956.

4. 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 with regard to purchases of inventory fixed assets and with regardto the sale of goods.

5. Based on the audit procedures applied by us and according to the information andexplanations provided by the management we are of the opinion that there are notransactions that need to be entered into the register maintained under section 301.

6. a) In our opinion and according to the information and explanations given to usthere are no transactions made in pursuance of contracts or arrangements needs to enter inthe registers maintained under section 301 and exceeding the value of five lakh rupees inrespect of any party during the year.

b) In our opinion and according to the information and explanations given to us thecompany has not accepted any deposits within the meaning of Sections 58A and 58AA of theCompanies Act 1956 and the Companies (Acceptance of Deposits) Rules 1975 with regard tothe deposits accepted from the public.

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

8. The Central Government has not prescribed the maintenance of records in pursuant tothe Rules made by the Central Government for the maintenance of cost records under Section209 (1) (d) of the Companies Act 1956.

9. According to the records of the company there are no dues to statutory authorities.

a) According to the information and explanations given to us no undisputed amountspayable in respect of income tax wealth tax sales tax customs duty and excise duty wereoutstanding as at 31.03.2014 for a period of more than six months from the date theybecame payable.

b) According to the records of the company there are no dues of sale tax income taxcustoms tax/wealth-tax excise duty/cess within have not been deposited on account of anydispute.

10. The company has accumulated losses Rs.19897246/- as at the end of the financialyear. The Company has not incurred any cash losses during the financial year covered byour audit and not incurred any losses in the immediately preceding financial year.

11. Based on our examination of documents and records we are of the opinion that thecompany has not granted any loans and advances on the basis of security by way of pledgeof shares debentures and other securities.

12. Based on our examination of the records and evaluation of the related internalcontrols we are of the opinion that proper records have been maintained of thetransaction and contracts and timely entries have been made in those records. We alsoreport that the company has not held any shares securities debentures and othersecurities in its own name.

13. In our opinion the Company is not a chit or a nidhi / mutual benefit fund /society. Therefore the provisions of clause 4(xiii) of the Order are not applicable tothe Company.

14. The company is not in the business of dealing or trading in shares securitiesdebenture and other instruments. Accordingly the provisions of clause 4(xiv) of the Orderare not applicable to the Company.

15. The company has not given any guarantee for loans taken by others from banks orfinancial institutions.

16. The company has not taken any term loans from financial institutions.

17. Based on our examination of the balance sheet of the company as at 31.03.2014since there is no loans availed by the company the utilization of funds does not arise.

18. The company has not made any preferential allotment of shares to parties andcompanies covered in the register maintained under section 301 of the Companies Act 1956.

19. During the period covered by our audit report the company does not have anyoutstanding debentures during the year.

20. During the year the company has not raised any money through the public issue.

21. Based upon the audit procedures performed and information and explanations given bythe management we report that no fraud on or by the company has been noticed or reportedduring the course of our audit.

For CHANAMOLU AND CO.
Chartered Accountants
Firm Regi. No : 010000S
G. Murali
Place: Hyderabad Partner
Date : May 30th 2014 Membership No.234971

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