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Amradeep Industries Ltd.

BSE: 531681 Sector: Financials
NSE: N.A. ISIN Code: INE673C01020
BSE LIVE 10:36 | 06 Dec 0.98 0
(0.00%)
OPEN

0.98

HIGH

0.98

LOW

0.98

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.98
PREVIOUS CLOSE 0.98
VOLUME 400
52-Week high 5.06
52-Week low 0.98
P/E
Mkt Cap.(Rs cr) 6.48
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.98
CLOSE 0.98
VOLUME 400
52-Week high 5.06
52-Week low 0.98
P/E
Mkt Cap.(Rs cr) 6.48
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Amradeep Industries Ltd. (AMRADEEPINDS) - Auditors Report

Company auditors report

INDEPENDENT AUDITORS

TO THE MEMBERS OF

AMRADEEP INDUSTRIES LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of AMRADEEP INDUSTRIES LIMITED(the Company) which comprise the Balance Sheet as at March 31 2014 the Statement ofProfit and Loss and Cash Flow Statement for the year then ended and a summary ofsignificant 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 dated 13thSeptember 2013 of the Ministry of Corporate Affairs in respect of Section 133 of theCompanies Act 2013 and in accordance with the accounting principles generally accepted inIndia. This responsibility includes the design implementation and maintenance of internalcontrol relevant to the 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 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 misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures 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 internal control relevant to the Company’s preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion on theeffectiveness of the Company’s internal control. An audit also includes evaluatingthe appropriateness of accounting policies used and the reasonableness of the accountingestimates made by management as well as evaluating the overall presentation of thefinancial statements. We believe that the audit evidence we have obtained is sufficientand appropriate to provide 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 at March31 2014;

b. in the case of the Profit and Loss Account of the profit/ loss for the year endedon that date; and

c. in the case of the Cash Flow Statement of the cash flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2003 ("theOrder") issued by the Central Government of India in terms of sub-section (4A) ofsection 227 of the Act we give in the Annexure a statement on the matters specified inparagraphs 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 properbooks of account as required by law have been kept by the Company so far as appears fromour examination of those books

c) the Balance Sheet Statement of Profit and Loss and Cash Flow Statement dealt withby 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 of Corporate Affairsin respect of Section 133 of the Companies Act 2013.

e) On the basis of the written representations received from the directors as on March31 2014 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) ofthe Act.

For Y. D. & Co
CHARTERED ACCOUNTANTS
FRN: 018846N
PLACE: LUDHIANA
DATE: 20.05.2014
CA RAKESH PURI
PARTNER
M. No.: 092728

ANNEXURE TO THE AUDITORS’ REPORT

On the basis of such checks as we considered appropriate and according to theinformation and explanation given to us during the course of our audit we report that:

1. The company does not have any Fixed Assets. Hence clause (i) (a) (b) & (c) arenot applicable to the company.

2. The company does not have any inventory. Hence clause (ii) (a) (b) & (c) arenot applicable to the Company.

3. (a) As per information and explanation given to us the company has not grantedloans to parties covered in the register maintained under section 301 of the CompaniesAct 1956 hence clause (iii) (a) (b) (c) & (d) are not applicable to the company.

(e) As per information and explanation given to us the company has not taken loansfrom parties covered in the register maintained under section 301 of the Companies Act1956 hence clause (iii) (e) (iii) (f) and (iii) (g) are not applicable to the company.

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 for the purchase of inventory and fixed assets and also for thesale of goods and services. During the course of our audit we have not observed anycontinuing failure to correct major weakness in internal controls.

5. As per information & according to explanation given to us the company has notentered into any transaction that need to be entered into the register maintained undersection 301 of the Act.

6. According to the information and explanations given to us the Company has notaccepted any deposits from the public. Therefore the provisions of clause (iv) of theCompanies (Auditor’s Report) Order 2003 are not applicable to the Company.

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

8. As informed to us Central government has not prescribed maintenance of cost recordsunder section 209(1) (d) of the Companies’ Act 1956 in respect of products of thecompany.

9. In respect of Statutory dues:

(a) As per information & according to explanation given to us the company isgenerally regular in depositing statutory dues with the appropriate authorities during theyear.

(b) As per information & according to explanation given to us there are no casesof non deposit with the appropriate authorities of disputed dues of Income-tax and anyother statutory dues with the appropriate authorities during the year.

10. The company has accumulated losses of Rs. 800106/- at the end of the financialyear. The Company has incurred cash losses of Rs. 261385/- during the financial yearcovered by the audit and also incurred losses in the immediately preceding financial year.

11. Based on our audit procedures and according to the information and explanationsgiven to us there are no loans taken from financial institution banks ordebenture-holders therefore the question of payments does not arise.

12. In our opinion and according to the information available and explanations given tous no loans and advances have been granted by the company on the basis of security by wayof pledge of shares debentures and other securities.

13. In our opinion the company is not a chit fund or a nidhi/mutual benefitfund/society. Hence the provisions of clauses (xiii) of the Companies (Auditor’sReport) Order 2003 are not applicable to the Company.

14. The Company has maintained records of transactions and contracts in respect ofinvestment in shares mutual fund and other investments and timely entries have been madetherein. All the shares mutual funds and other investments held by the companies are inits own name except to the extent of the exemption granted under section 49 of theCompanies Act 1956.

15. According to the information and explanations given to us the company has notgiven any guarantee for loans taken by others from Banks or financial institutions.

16. The company has not raised any term loans during the year.

17. According to the information and explanations given to us and on overallexamination of the balance sheet of the Company we are of the opinion that no fundsraised short term basis that have been used for long term investment.

18. The company has not made any preferential allotment of shares to parties andcompanies covered in the registered maintained under section 301 of the Companies Act1956.

19. The company has not created any securities in respect of any outstanding at theyear-end.

20. The company has not raised any money by way of public issue during the year.

21. In our opinion and according to the information and explanations given to us nomaterial fraud on or by the company has been noticed or reported during the course ofour audit.

For Y. D. & CO
CHARTERED ACCOUNTANTS
FRN: 018846N
PLACE: LUDHIANA
DATE: 20.05.2014
CA RAKESH PURI
PARTNER
M. No.: 092728

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