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Anjani Foods Ltd.

BSE: 511153 Sector: Financials
NSE: N.A. ISIN Code: INE096I01013
BSE LIVE 15:22 | 06 Dec 11.07 0.52
(4.93%)
OPEN

11.00

HIGH

11.07

LOW

11.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 11.00
PREVIOUS CLOSE 10.55
VOLUME 600
52-Week high 11.07
52-Week low 4.56
P/E
Mkt Cap.(Rs cr) 4.30
Buy Price 11.07
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.00
CLOSE 10.55
VOLUME 600
52-Week high 11.07
52-Week low 4.56
P/E
Mkt Cap.(Rs cr) 4.30
Buy Price 11.07
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00

Anjani Foods Ltd. (ANJANIFOODS) - Auditors Report

Company auditors report

TO

THE MEMBERS OF ANJANI FOODS LIMITED

Raport on Financial Statements

We have audited the accompanying financial statements of ANJANI FOODS LIMITED ("theCompany") which comprise the Balance Sheet as at 31st March 2015 the Statement ofProfit and Loss the Cash Flow Statement for the year then ended and a summary of thesignificant 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 Accounting Standards referred to underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility includes the design implementation and maintenance of internal controlrelevant to the preparation and presentation of the financial statements that give a trueand fair view and are free from material misstatement whether due 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 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'sjudgement 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 but not for the purpose of expressing an opinion on the effectiveness ofthe Company's internal control. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bymanagement as well 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 of the state of affairs of the Company as at 31stMarch 2015 and its profit and its cash flows for the year ended on that date.

Emphasis of matter

Without qualifying our report we draw attention to Note No.19 regarding drawing theaccounts on going concern basis for reasons mentioned in the said note.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Companies Act 2013 we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order to the extent applicable.

As required by Section 143 (3) of the Act and rules made thereunder 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 it appears from our examination of those books.

c) the Balance Sheet the Statement of Profit and Loss and the Cash Flow Statementdealt with in the report are in agreement with the books of account.

in our opinion the aforesaid financial statements comply with the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. on the basis of the written representations received from the directors as on31st March 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in terms of Section164 (2) of the Act.

d) in respect of matters referred to in Rule 11 of Companies (Audit and Auditors)Rules 2014 according to the information and explanations given to us we state that:

• the company has no pending litigation as on March 31 2015 requiring disclosurein the financial statements.

• the company is not required to make provision as required under any law oraccounting standards for material foreseeable losses if any on long term contractsincluding derivative contracts.

• there are no amounts to be transferred to Investor Education and ProtectionFund.

For M. Bhaskara Rao & Co.
Chartered Accountants
Firm Registration No.00459S
V. Raghunandan
Place: Hyderabad Partner
Date : 29th May 2015 Membership No.26255

Annexure to the Auditors' Report

(Statement referred to in paragraph 3 of our report of even date)

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

(b) As explained to us the management has physically verified the major items of thefixed assets during the year. As reported to us there were no discrepancies found duringsuch verification.

ii) According to the information and explanations given to us there are noinventories. Therefore the provisions of Clause 3(ii)(a) (b) and (c) of Companies(Auditor's Report) Order 2015 are not applicable.

iii) According to the information and explanations given to us the Company has notgranted any loans during the year secured or unsecured to companies firms or otherparties covered in the register maintained under section 189 of the Companies Act 2013. Inrespect of loans granted in earlier years:

(a) The receipts of principal amounts and interest have been regular during the year.

(b) The principal amount due is to the extent of Rs 164.66 lakhs as at the date of thebalance sheet.

(c) There is no overdue amount in excess of Rs 1 lakh remaining outstanding as at theyear-end.

iv) In our opinion and according to the information and explanations given to us thereare adequate internal control systems commensurate with the size of the Company and natureof its business with regard to purchase of inventory fixed assets sale of goods andservices. In our opinion and according to the information and explanations given to usthere has been no continuing failure to correct major weaknesses in internal controlsystem during the year.

v) The Company has not accepted any deposits from the public during the year.

vi) In our opinion and according to the information and explanations given to us theCentral Government has not prescribed the maintenance of the Cost Records under subsection (1) of Section 148 of the Companies Act 2013.

vii) (a) According to the information and explanations given to us the company hasbeen generally regular in depositing the undisputed statutory dues in respect of ProvidentFund Employees' State Insurance Income Tax Wealth Tax Service Tax Customs dutyExcise Duty Value Added Tax Cess and other statutory dues with the appropriateauthorities and there were no such amounts outstanding as at 31st March 2015 for a periodof more than six months from the date they became payable.

(b) According to the information and explanations given to us there are no dues ofIncome Tax Wealth Tax Value Added Tax Customs duty Service Tax Excise duty or Cesswhich have not been deposited on account of their being disputed by the company as at31st March 2015.

(c) According to the information and explanations furnished to us the amount to betransferred to the Investor Education and Protection Fund by the company in accordancewith the relevant provisions of the Companies Act 1956 and.the rules made there underhave been transferred to the said fund within time.

viii) The Company has no accumulated losses as at 31st March 2015. The Company has notincurred any cash losses in the financial year under report and in the immediatelypreceding financial year.

ix) According to the information and explanations given to us the Company has notdefaulted in repayment of dues to any financial institution or bank.

x) In our opinion and according to the information and explanations given to us theCompany has not given any guarantee for loans taken by others from banks or financialinstitutions.

xi) According to the information and explanations given to us term loans taken havebeen utilized for the purposes for which these are obtained.

xii) According to the information and explanations given to us no fraud on or by thecompany has been noticed or reported during the year.

For M. Bhaskara Rao & Co.
Chartered Accountants
Firm Registration No.00459S
V. Raghunandan
Place: Hyderabad Partner
Date : 29th May 2015 Membership No.26255

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