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Anisha Impex Ltd.

BSE: 537785 Sector: Others
NSE: N.A. ISIN Code: INE084Q01012
BSE 00:00 | 24 Apr Anisha Impex Ltd
NSE 05:30 | 01 Jan Anisha Impex Ltd
OPEN 36.50
PREVIOUS CLOSE 36.50
VOLUME 10000
52-Week high 38.50
52-Week low 9.15
P/E 456.25
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 36.50
CLOSE 36.50
VOLUME 10000
52-Week high 38.50
52-Week low 9.15
P/E 456.25
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Anisha Impex Ltd. (ANISHAIMPEX) - Auditors Report

Company auditors report

TO THE MEMBERS OF ANISHA IMPEX LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of M/S ANISHA IMPEX LIMITEDwhich comprise the Balance Sheet as at 31st March 2017 the Statement of Profitand Loss and the Cash Flow Statement for the year then ended and a summary of significantaccounting policies and other explanatory information to the financial statements.

Management's Responsibility for the Financial Statements

The Company's Board of directors are responsible for the matters stated in section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows 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 also includes the maintenance of adequate accounting records in accordancewith the provision of the Act for safeguarding of the assets of the Company and forpreventing and detecting the frauds and other irregularities selection and application ofappropriate accounting policies and making judgments and estimates that are reasonable andprudent; and design Implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records 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.

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 made there under.

We conducted our audit in accordance with the Standards on Auditing issued by ICAIspecified under section 143(10) of the Act. 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 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 financial control relevant to the Company's preparation of thefinancial statements that give true and fair view in order to design audit procedures thatare appropriate in the circumstances. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accountingestimates made by

Company's Directors as well as evaluating the overall presentation of the financialstatements.

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

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements together with the notes give theinformation required by the Act in the manner so required and give a true and fair view inconformity with the accounting principles generally accepted in India of the state ofaffairs of the company as at 31st March 2017 its Profit and its cash flows forthe year ended on that date.

Report on other Legal and Regulatory Requirements

1. As required by The Companies (Auditors Report) order 2016 the order issued byCentral government of India in terms of sub section (11) of section 143 of the Act wegive in the "Annexure-A" a statement the matters specified in paragraph3 and 4 of the said Order.

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 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 aforesaid financial statements comply with the AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014.

e) On the basis of written representations received from the directors as on 31 March2017 taken on record by the Board of Directors none of the directors is disqualified ason 31 March 2017 from being appointed as a director in terms of Section 164(2) of theAct.

f) With respect to the adequacy of the internal financial controls over financialreporting of the company & the operating effectiveness of such controls refer to ourseparate report in ‘Annexure-B' to this report; and g) With respect to theother matters included in the Auditor's Report in accordance with rule 11 of the Companies(Audit & Auditors) Rules 2014in our opinion and to our best of our information andaccording to the explanations given to us :

I. The Company has a pending litigation but does not have any financial effects on theaffairs of the company.

II. The company does not have any long term contracts including derivative contractswhich require provision under any law or accounting Standard for material foreseeablelosses

III. There was no amount which was required to be transferred to the Investor

Education and Protection Fund.

IV. The Company had provided requisite disclosures inNote 31 to these financialstatements as to holdings of specified Banks Notes on 8th November 2016 to 30thDecember2016 as well as dealings in specified Banks Notes on 8th November 2016 to 30th December2016. Based on our audit procedures and relying on the management representation regardingthe holding and nature of cash transactions including Specified Bank Notes we reportthat these disclosures are in accordance with the books of accounts maintained by thecompany and as produced to us by the management.

For M/s GARG ARUN AND ASSOCIATES
Chartered Accountants
FRN: 08180N
Sd/-
Place: New Delhi CA RAMAN KUMAR GARG
Date: 30.05.2017 (PARTNER )
M. NO. 090564

Annexure-A TO INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 1 under the heading ‘Report on Other Legal andRegulatory Requirements' of our report at even date)

(i) (a) The company has generally maintained proper records showing full particularsincluding quantitative details & situation of its fixed assets.

(b) All the assets have been physically verified by the management during the yearwhich in our opinion is reasonable having regard to the size of the company & thenature of its assets. No material discrepancies were noticed on such verification.

(c) The title deeds of immovable properties are held in the name of company.

(ii) The inventory of the company has been physically verified by the management. Nomaterial discrepancies were noticed physical verification.

(iii) According to the information & explanation given to us the company has notgranted any loan Secured & Unsecured to companies Firm Limited Liabilitypartnerships or other parties covered in the register maintained u/s 189 of the CompaniesAct2013.

(iv) According to the information & explanation given to us the company hascomplied with the provisions of section 185 and 186 of the Companies Act 2013.

(v) The company has not accepted any deposit from public in terms of Sec 73 to 76 orany provision of the company Act 2013 and rules there under.

(vi) In our opinion and according to the information and explanation given to usCentral Government has not prescribed for the maintenance of cost records u/s 148 of theAct.

(vii) (a) The company is generally regular in depositing with appropriate authoritiesundisputed statutory dues including provident fund Employees State Insurance Income TaxSales-Tax Service Tax duty of custom Duty of Excise Value Added Tax Cess& anyother statutory dues applicable to it & there are no undisputed dues outstanding as on31.03.2017 for a period of more than Six months from the date they became payable.

(b) According to the information & explanations given to us the company does nothave any dues of Income Tax Sales Tax or Service Tax or Duty of custom or Duty of exciseor Value Added Tax that have not been deposited on account of any dispute demands.

(viii) In our opinion & according to the information & explanation given to usthe company has not defaulted in the repayment of Loans or Borrowings to a FinancialInstitute or Bank the company has not taken any loan from Government nor issued anydebenture.

(ix) In our opinion & according to the information & explanation given to usthe company has not raised any money by way of term loans & public offer during theyear.

(x) As per the information & explanations given to us no fraud by the company orno fraud on the company by its officer or employees has been noticed or reported duringthe year.

(xi) As per the information & explanation given to us managerial remuneration hasbeen paid or provided in accordance with the requisite approvals mandated by the provisionof Sec 197 read with Sec V to the Companies Act 2013.

(xii) The company is not a Nidhi Company as such the clause is not applicable.

(xiii) In our opinion and according to the information & explanation given to usthe company has complied with Sec 177 & 188 of Companies Act 2013 in respect to alltransactions with the related parties & details have been disclosed in the financialstatements etc. as required by the applicable accounting standards.

(xiv) The company has not made any preferential allotment/ private placement of sharesor Partly Convertible debenture during the year under review.

(xv) According to the information and explanation given to us the company has notentered into Non-cash transaction with directors or persons connected with him.

(xvi) As the information & explanation given to us and in our opinion the companyis not required to be registered u/s 45 IA of the Reserve Bank of India Act 1934.

For M/s GARG ARUN AND ASSOCIATES
Chartered Accountants
FRN: 08180N
Sd/-
Place: New Delhi CA RAMAN KUMAR GARG
Date: 30.05.2017 (PARTNER )
M. NO. 090564

Annexure-B to the Independent Auditor's Report of Even Date on the Financial Statementsof ANISHA IMPEX LIMITED

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 ("The Act")

To The Members of ANISHA IMPEX LIMITED

We have audited the internal financial controls over financial reporting of ANISHAIMPEX LIMITED as of 31st March 2017 in conjunction with our audit of thefinancial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India. These responsibilities includethe design implementation and maintenance of adequate internal financial controls thatwere operating effectively for ensuring the orderly and efficient conduct of its businessincluding adherence to company's policies the safeguarding of its assets the preventionand detection of frauds and errors the accuracy and completeness of the accountingrecords and the timely preparation of reliable financial information as required underthe Companies Act 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the

"Guidance Note") and the Standards on Auditing issued by ICAI and deemed tobe prescribed under section 143(10) of the Companies Act 2013 to the extent applicableto an audit of internal financial controls both issued by the Institute of CharteredAccountants of India. Those Standards and the Guidance Note require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether adequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects. Our auditinvolves performing procedures to obtain audit evidence about the adequacy of the internalfinancial controls system over financial reporting and their operating effectiveness. Ouraudit of internal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selecteddepend on the auditor's judgment including the assessment of the risks of materialmisstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that (1) pertain to the maintenance ofrecords that in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the company; (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures of the company are being made only in accordance with authorizations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of thecompany's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material aspects an adequate internalfinancial controls system over financial reporting and such financial controls overfinancial reporting were operating effectively as at 31stMarch 2017 based onthe internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India.

For M/s GARG ARUN& ASSOCIATES
CHARTERED ACCOUNTANTS
FRN NO.: 08180N
PLACE: NEW DELHI
DATE: 30.05.2017
Sd/-
CA.RAMAN KUMAR GARG
(PARTNER)
M. No. 090564