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BCL Industries & Infrastructures Ltd.

BSE: 524332 Sector: Industrials
NSE: N.A. ISIN Code: INE412G01016
BSE LIVE 14:55 | 07 Dec 39.00 1.30
(3.45%)
OPEN

39.55

HIGH

39.55

LOW

39.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 39.55
PREVIOUS CLOSE 37.70
VOLUME 3184
52-Week high 44.60
52-Week low 27.00
P/E 4.40
Mkt Cap.(Rs cr) 55.18
Buy Price 39.00
Buy Qty 30.00
Sell Price 39.55
Sell Qty 16.00
OPEN 39.55
CLOSE 37.70
VOLUME 3184
52-Week high 44.60
52-Week low 27.00
P/E 4.40
Mkt Cap.(Rs cr) 55.18
Buy Price 39.00
Buy Qty 30.00
Sell Price 39.55
Sell Qty 16.00

BCL Industries & Infrastructures Ltd. (BCLINDUSTRIES) - Auditors Report

Company auditors report

To

The Members of

M/s BCL Industries & Infrastructures Limited

Bathinda

Report on the Financial Statements

We have audited the accompanying nancial statements of BCL Industries &Infrastructures Limited Bathinda (“the Company”) which comprise thebalance sheet as at 31st March 2015 the statement of Profit and Loss and Cash FlowStatement for the year then ended and a summary of signi cant accounting policies andother explanatory information.

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 nancial statements that give a true and fair view of the nancial position nancialperformance and cash ows of the Company in accordance with the Accounting Principlesgenerally accepted in India including Accounting Standards speci ed U/s 133 of the Actread with Rule 7 of the Companies (Accounts) Rules 2014. This responsibility includesmaintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding of the Assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of adequate internal nancial controls that were operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the nancial statements that give a true and fair view andare free from material misstatement whether due to fraud or error.

This responsibility includes the design implementation and maintenance of internalcontrol relevant to the preparation and presentation of the nancial statements that give atrue and fair view and are free from material misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these nancial 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 Rules made there under. We conducted our audit in accordancewith the Standards on Auditing issued by the Institute of Chartered Accountants of India.Those Standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the nancial statements are free frommaterial misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the nancial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the nancialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal nancial controls relevant to the Company's preparation of the nancialstatements that give a true and fair view in order to design audit procedure that areappropriate in the circumstances but not for the purpose of expressing an opinion onwhether the company has in place an adequate internal nancial controls system over nancialreporting and the operating effectiveness of such controls. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by management as well as evaluating the overall presentation ofthe nancial statements.

We believe that the audit evidence we have obtained is suf cient 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 nancial statements give the information required by the Act inthe 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 (“the Order”)issued by the Central Government of India in terms of sub-section (11) of Section 143ofthe Companies Act 2013 we give in the Annexure a statement on the matters speci ed inparagraphs 3 and 4 of the Order to the extent applicable.

2. As required by Section 143(3) of the Act and companies (Audit & Auditors) Rules2014 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 purpose of our audit;

b. in our opinion proper books of account as required by law have been kept bythe Company so far as it appears from our 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 aforesaid Financial Statements comply with the AccountingStandards speci ed U/s 133 of the Act read with Rule 7 of the Companies (Accounts) Rule2014.

e. In our opinion there are no adverse observations and comments on the nancialtransactions of the matters which have adverse effect on the functioning of the Company.

f. on the basis of the written representations received from the directors as on31st March 2015 and taken on record by the Board of Directors none of the directors isdisquali ed as on 31st March 2015 from being appointed as a director in terms of subsection (2) of section 164 of the Companies Act 2013.

g. In our opinion there are no quali cations reservation or adverse remark relatingto maintenance of accounts and other matter connected therewith.

h. 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 does not have any pending litigations which would impact its nancialposition.

ii) The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

iii) There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For P. Mittal & Co.
Chartered Accountants
(Firm's Registration No. 002564N)
(Pramod Mittal) FCA
Place: Bathinda (Pb.) Proprietor
Date: 30 May 2015 Membership No. 081456

ANNEXURE TO THE AUDITORS' REPORT

Referred to in our Audit Report of even date

1)(a) The company has maintained proper records showing full particulars includingquantitative details and situation of xed assets;

(b) As explained to us all the assets have been physically veri ed by the management atregular interval. As informed to us no material discrepancies were noticed on such verication.

2)(a) The inventory has been physically veri ed during the year by management. In ouropinion the frequency of veri cation is reasonable

(b) The procedures of physical veri cation of inventory followed by the management arereasonable and adequate in relation to the size of the company and the nature of itsbusiness.

(c) The company is maintaining proper records of inventory. The discrepancies noticedon veri cation between the physical stocks and the book records were not material.

3) The company has not granted unsecured loans to companies rms or other partiescovered in the register maintained under section 189 of the Companies Act 2013 during theyear and in our opinion hence para (a) and (b) are not applicable.

4) In our opinion and according to the information and explanation given to us thereis an adequate internal control system commensurate with the size of the company and thenature of its business for the purchase of inventory and xed assets and with regard tothe sale of goods. During the course of our audit no major weaknesses has been noticed orreported.

5) In our opinion and according to the information and explanation given to us thecompany has accepted deposits from public in the directives issued by the Reserve Bank ofIndia and the provisions of sections 73 to 76 or any other relevant provisions of theCompanies Act 2013 and the rules framed there under where applicable have been compliedwith.

6) We have broadly reviewed the cost records maintained by the Company prescribed undersub section (1) of section 148 of the Companies Act 2013 for the products of the company.

7)(a) In our opinion the company is regular in depositing undisputed statutory duesincluding Provident Fund Employees' State Insurance Income Tax Sales Tax Wealth TaxService Tax Duty of Customs Duty of Excise Value Added Tax Cess and any otherStatutory Dues with the appropriate authorities. There is no arrears of outstandingstatutory dues as at the last day of the nancial year concerned for a period of more thansix months from the date they became payable.

(b) According to information and explanation given to us there are no dues on accountof Income Tax or Sales Tax or Wealth Tax or Service Tax or Duty of Customs or Duty ofExcise or Value Added Tax or Cess which have not been deposited on account of anydispute.

(c) According to information and explanation given to us there is no amount which isrequired to be transferred to Investor Education and Protection Fund in accordance withthe relevant provisions of the Companies Act 1956 and rules made there under.

8) The Company does not have any accumulated losses at the end of the nancial year. TheCompany does not incurred cash losses during the nancial year covered by the audit andthere was no cash loss in the immediately preceding nancial year.

9) According to information and explanations given to us the company has not defaultedin repayment of any dues to a nancial institution or bank or debenture holders during theyear of audit.

10) In our opinion and according to information and explanations given to us thecompany has not given any guarantee for loans taken by others from bank or nancialinstitutions.

11) In our opinion and according to information and explanations given to us the termloan accepted during the year has been prima facie applied for the purpose for which theyhave taken.

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

For P. Mittal & Co.
Chartered Accountants
(Firm's Registration No. 002564N)
(Pramod Mittal) FCA
Place: Bathinda (Pb.) Proprietor
Date: 30 May 2015 Membership No. 081456

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