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Bajaj Global Ltd.

BSE: 512261 Sector: Others
NSE: N.A. ISIN Code: INE553H01015
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Bajaj Global Ltd. (BAJAJGLOBAL) - Auditors Report

Company auditors report

To the Members of M/s BAJAJ GLOBAL IMITED

Report on the Financial Statements

We have audited the accompanying financial statements of M/s BAJAJ GLOBAL LIMITED(Company) which comprise the Balance Sheet as at March 31 2015 Statement of Profitand Loss then ended the Cash Flow Statement and a summary of significant accountingpolicies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is 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 maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a 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 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 specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances but not for the purpose of expressing anopinion on whether the Company has in place an adequate internal financial control systemover financial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as well asevaluating 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 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 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.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 issued by the CentralGovernment of India in terms of section 143 of the Act we give in the Annexure astatement on the matters specified in paragraphs 4 and 5 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 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 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 the written representations received from the directors as on 31stMarch 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.

(f) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financialposition in its financial statements.

ii. The Company has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any on long-term contracts includingderivative contracts.

iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

Place: Nagpur
Date: 28th May 2015 For B.CHHAWCHHARIA & CO.
Chartered Accountants
Firm Registration No. 305123E
Sanjay Agarwal
Partner
Membership No-066580

ANNEXURE TO THE AUDITORS' REPORT

Referred to in paragraph 1 of our Report of even date for the year ended 31st March2015.

(i) a) Proper records showing full particulars including quantitative details andsituation of fixed assets are being updated by the company.

b) As explained to us all the fixed assets except machinery in stock were physicallyverified during the year by the management. According to the information and explanationsgiven to us no material discrepancies were noticed on such verification.

(ii) There is no inventory in the Company.

(iii) a) The company has granted unsecured loans to three companies covered in theregister maintained under section 189 of the Companies Act 2013.

b) The payment of principal amounts and interest are regular as per stipulationswherever such stipulations exist.

c) As explained to us there is no overdue amount of Loans exceeding Rupees one Lacs.

(iv) In our opinion and according to the information and explanations given to usthere are adequate internal control system commensurate with the size of the Company andthe nature of its business with regard to sale of goods and services.

During the course of audit we have not observed any continuing failure to correctmajor weakness if any in internal control.

(v) The Company has not accepted any deposits from the public within the meaning ofSections 73 to 76 or any other relevant provisions of the Companies Act 2013 and therules framed there-under.

(vi) In view of the activities of the Company maintenance of cost records under Section148(1) of the Companies Act 2013 is not applicable.

(vii)In our opinion and according to the information and explanations given to us:

a) The Company is generally regular in depositing undisputed statutory dues includingProvident Fund Employees' State Insurance Income Tax Sales Tax Service Tax WealthTax Custom Duty Excise Duty Cess and other statutory dues as applicable with theappropriate authorities.

b) There are no disputed dues of sales tax income tax custom duty wealth taxservice Tax excise duty or cess which have not been deposited on account of any disputes.

c) There is no such requirement of transfer of amount to investor education andProtection fund.

(viii) There are no accumulated losses at the end of the financial year. The Companyhas not incurred any cash loss in the financial year under review and also in thepreceding financial year.

(ix) The company has not taken any loans from Financial Institutions or Banks orDebenture holders.

(x) 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.

(xi) According to the information and explanations given to us there are no term loansraised by the Company during the year.

(xii)According to the information and explanations given to us and to the best of ourknowledge and belief no fraud on or by the Company has been noticed or reported duringthe year.

Place: Nagpur
Dated: 28th May 2015. For B.CHHAWCHHARIA & CO.
Chartered Accountants
Firm Registration No. 305123E
Sanjay Agarwal
Partner
Membership No-066580

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