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Cat Technologies Ltd.

BSE: 531682 Sector: IT
NSE: N.A. ISIN Code: INE170B01037
BSE LIVE 14:35 | 02 Dec 0.73 0.03
(4.29%)
OPEN

0.73

HIGH

0.73

LOW

0.73

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.73
PREVIOUS CLOSE 0.70
VOLUME 1500
52-Week high 1.12
52-Week low 0.46
P/E
Mkt Cap.(Rs cr) 5.80
Buy Price 0.69
Buy Qty 500.00
Sell Price 0.73
Sell Qty 500.00
OPEN 0.73
CLOSE 0.70
VOLUME 1500
52-Week high 1.12
52-Week low 0.46
P/E
Mkt Cap.(Rs cr) 5.80
Buy Price 0.69
Buy Qty 500.00
Sell Price 0.73
Sell Qty 500.00

Cat Technologies Ltd. (CATTECH) - Auditors Report

Company auditors report

To the Members of CAT TECHNOLOGIES LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of CAT Technologies Limited("the Company") which comprise the Balance Sheet as at March 31 2015 theStatement of Profit and Loss and Cash Flow Statement for the year then ended and asummary of significant accounting policies 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 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; andthe design implementation and maintenance of adequate internal financial control thatwere operating 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 thereunder. We conducted our audit in accordancewith the Standards on Auditing issued by the Institute of Chartered Accountants of Indiaas specified 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 a true and fair view in order to design audit proceduresthat are appropriate in the circumstances but not for the purpose of expressing an opinionon whether the Company has in place an adequate internal financial controls system overfinancial reporting and the effectiveness of such controls. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by the Company's Directors as well as evaluating the overallpresentation of the financial statements. We believe that the audit evidence we haveobtained is sufficient and appropriate to provide a basis for our audit opinion on thefinancial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner 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 March31 2015 its loss 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 subsection (11) of section 143 ofthe Act we give in the Annexure 1 a statement on the matters specified in paragraphs 3and 4 of the 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 purpose 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 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 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 March 312015 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2015 from being appointed as a director in terms of section 164 (2) ofthe 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 does not have any pending litigations which would impact its financialposition.

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 Suresh Gupta .Y & Co.
Chartered Accountant
Firm Regn No: 009012S
Sd/-
Y.Suresh Gupta
Proprietor
Membership No.209738
Date: 30th May 2015
Place: Hyderabad.

Annexure to the Auditors' Report

The Annexure referred to in our report to the members of CAT Technologies Ltd (theCompany') for the year Ended on 31st March 2015. We report that:

1. In respect of the fixed assets of the Company:

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

(b) The fixed assets were physically verified during the year by the Management inaccordance with a regular programme of verification which in our opinion provides forphysical verification of the fixed assets at reasonable intervals. According to theinformation and explanations given to us no material discrepancies were noticed on suchverification.

2. In respect of the inventories of the Company:

(a) As explained to us the inventories were physically verified during the year by theManagement at reasonable intervals.

(b) In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the Management werereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

(c) In our opinion and according to the information and explanations given to us theCompany has maintained proper records of its inventories and no material discrepancieswere noticed on physical verification.

3. The Company has not granted any loans secured or unsecured to companies firms orother parties covered in the Register maintained under Section 189 of the Act.

4. In our opinion and according to the information and explanations given to us havingregard to the explanations that some of the items purchased are of special nature andsuitable alternative sources are not readily available for obtaining comparablequotations there is an adequate internal control system commensurate with the size of theCompany and the nature of its business with regard to purchase of inventory and fixedassets and the sale of goods and services. During the course of our audit we have notobserved any major weakness in such internal control system.

5. In our opinion and according to the information and explanations given to us theCompany has not accepted deposits during the year and does not have any unclaimeddeposits. Therefore the provisions of the clause 3 (v) of the Order are not applicable tothe Company.

6. The provisions of clause 3 (vi) of the Order are not applicable to the Company asthe Company is not covered by the Companies (Cost Records and Audit) Rules 2014.

7. According to the information and explanations given to us in respect of statutorydues: (a) The Company has generally been irregular in depositing undisputed statutorydues including Provident Fund Employees'' State Insurance Income Tax Service Tax andother material statutory dues applicable to it with the appropriate authorities. (b) Therewere no undisputed amounts payable in respect of Provident Fund Employees'' StateInsurance Income Tax Service Tax and other material statutory dues in arrears as atMarch 31 2015 for a period of more than six months from the date they became payable.

Particulars Amount
EPF 188633.00
E.S.I. 1013896.00
T.D.S. 817536.00

(c) There were no disputed amount of Income Tax and Service Tax which have not beendeposited as at March 31 2015. (d) There has no Unclaimed dividends outstanding for morethan the specified period hence the Company has not transferred any amount to theInvestor Education and Protection Fund in accordance with the relevant provisions of theCompanies Act 1956 and Rules made there under.

8. The company has been in existence for a period of more than Five years and it hasnot incurred cash losses during the financial year and in the immediately precedingfinancial year and the company have accumulated losses.

9. According to the records of the Company examined by us and the information andexplanations given to us the Company has not defaulted in repayment of dues to anyfinancial institution or bank as at the Balance Sheet date.

10. The company has not extended any Term Loan or guarantee to its subsidiaries fromFinancial Institutions.

11. According to the information and explanations given to us the Company did notavail any term loan during the year.

12. To the best of our knowledge and belief and according to the information andexplanations given to us no fraud by the Company and no material fraud on the Company hasbeen noticed or reported during the year.

For Suresh Gupta .Y & Co.
Chartered Accountant
Firm Regn No: 009012S
Sd/-
Y.Suresh Gupta
Proprietor
Membership No.209738
Place: Hyderabad
Date: 30th May 2015

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