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CCL International Ltd.

BSE: 531900 Sector: Others
NSE: N.A. ISIN Code: INE778E01031
BSE LIVE 12:34 | 05 Dec 29.40 0
(0.00%)
OPEN

29.40

HIGH

29.40

LOW

29.40

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 29.40
PREVIOUS CLOSE 29.40
VOLUME 11
52-Week high 140.70
52-Week low 29.40
P/E 8.26
Mkt Cap.(Rs cr) 56.42
Buy Price 0.00
Buy Qty 0.00
Sell Price 29.40
Sell Qty 114297.00
OPEN 29.40
CLOSE 29.40
VOLUME 11
52-Week high 140.70
52-Week low 29.40
P/E 8.26
Mkt Cap.(Rs cr) 56.42
Buy Price 0.00
Buy Qty 0.00
Sell Price 29.40
Sell Qty 114297.00

CCL International Ltd. (CCLINTER) - Auditors Report

Company auditors report

To

The Members of

CCL INTERNATIONAL LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of CCL International Limited(“the Company”) which comprise the Balance Sheet as at March 312015 and 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& presentation of these standalone financial statements that give a true and fair viewof the financial position financial performance and cash flows of the Company inaccordance with the accounting principles generally accepted in India including theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014. This responsibility also includes maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguardingassets of the Company and for preventing and detecting frauds and other irregularities;selection and application of appropriate accounting policies; making judgments andestimates that are reasonable and prudent; and design implementation and maintenance ofadequate internal financial controls that were operating effectively for ensuring theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these standalone financial statementsbased on our audit.

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 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 controls 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 standalone financial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Standalone financial statements gives the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India:

(a) In the case of the Balance Sheet of the state of affairs of the Company as atMarch 31 2015;

(b) In the case of Statement of Profit and Loss of the profit for the year ended onthat date; and

(c) In the case of the Cash Flow Statement of the cash flows for the year ended onthat date.

Report on Other Legal and Regulatory Requirement

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 a statement on the matters specified in paragraphs 3 and4 of the Order to the extent applicable.

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 the Statement of Profit and Loss and Cash Flow Statement dealtwith by this Report are in agreement with the books of account;

d. In our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Companies Act 2013 read with rule7 of the Companies (Accounts) Rules 2014; and

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) of theAct.

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 litigation on its financial position.

ii. The Company has not made provision as required under the applicable law oraccounting standards for material foreseeable losses if any on long-term contractsincluding derivative contracts.

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

For KPMC & Associates
Chartered Accountant
Date: 30.05.2015 Firm Reg. No. 005359C
Place: Delhi (Sanjay Mehra)
Partner
M No. 075488

Annexure to Auditors' Report

The Annexure referred to in our Independent Auditors' Report to the members of thecompany on the standalone financial statements for the year ended March 312015 we reportthat:

1. In respect of Fixed Assets:

a. The Company has maintained proper records showing full particulars includingquantitative details and situations of Fixed Assets.

b. The fixed assets have been physically verified by the management during the year andno material discrepancies were noticed on such verification. In our opinion the frequencyof verification of the fixed assets is reasonable having regard to the size of the Companyand the nature of its assets.

2. In respect of Inventory:

a. The management has conducted physical verification of inventory at reasonableintervals during the year.

b. The procedures of physical verification 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 and no material discrepanciesbetween physical inventory and book records were noticed on physical verification.

3. The Company has not granted any loan secured or unsecured to companies firms orother parties covered in the register maintained under Section 189 of the Act.Accordingly the provisions of clauses 3(iii)(a) and 3(iii)(b) of the Order are notapplicable.

4. In our opinion there is an adequate internal control system commensurate with thesize of the Company and the nature of its business for the purchase of inventory and fixedassets and for the sale of goods and services. During the course of our audit no majorweakness has been noticed in the internal control system in respect of these areas.

5. The Company has not accepted any deposits within the meaning of Sections 73 to 76 ofthe Act and the Companies (Acceptance of Deposits) Rules 2014 (as amended). Accordinglythe provisions of clause 3(v) of the Order are not applicable.

6. We have broadly reviewed the books of account maintained by the Company pursuant tothe rules made by the Central Government for the maintenance of cost records under subsection (1) of Section 148 of the Act in respect of Company's product and services and areof the opinion that prima facie the prescribed accounts and records have been made andmaintained.

7. (i) According to the information and explanations given to us and on the basis ofexamination of the records of the Company the company is generally regular in depositingundisputed statutory dues including Income Tax Sales Tax Wealth Tax Service Tax Customduty excise duty TDS value added tax Cess and any other statutory dues with theappropriate authorities to the extent applicable. There are no undisputed statutory duespayable for a period of more than six months from the date they become payable as at 31March 2015.

(ii) According to the information and explanations given to us there are no dues ofIncome Tax Sales Tax Wealth Tax Service Tax Custom duty Excise duty and Cess whichhave not been deposited on account of any dispute.

(iii) No amounts were required to be transferred to investor education and protectionfund. Hence clause 3 (vii) (c) of the order is not applicable to the Company.

8. The company has no accumulated losses at the end of the financial year. Further thecompany has not incurred cash losses during the current financial year and the immediatelypreceding financial year

9. In our opinion and according to the information & explanations given to us thecompany has not defaulted in repayment of dues to bankers & financial institutions.The Company does not have any outstanding debentures during the year.

10. As per information and explanations given to us the terms and conditions on whichthe company has not given corporate guarantee for loans taken by companies from banks orfinancial institutions are not prima facie prejudicial to the interest of the company.

11. On the basis of records made available and according to information andexplanations given to us the company has applied its term loans for the purposes forwhich the loans were obtained.

12. Based upon the audit procedure performed for the purpose of reporting the true andfair view and on the basis of the information and explanations given by the management wereport that no fraud on or by the company has been noticed or reported during the courseof our audit.

For KPMC & Associates
Chartered Accountant
Date: 30.05.2015 Firm Reg. No. 005359C
Place: Delhi (Sanjay Mehra)
Partner
M No. 075488

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