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Celestial Biolabs Ltd.

BSE: 532871 Sector: Health care
NSE: CELESTIAL ISIN Code: INE221I01017
BSE LIVE 15:26 | 05 Dec 20.05 0.55
(2.82%)
OPEN

19.75

HIGH

20.05

LOW

19.60

NSE LIVE 15:31 | 05 Dec 20.10 0.20
(1.01%)
OPEN

20.00

HIGH

20.40

LOW

19.65

OPEN 19.75
PREVIOUS CLOSE 19.50
VOLUME 1916
52-Week high 42.45
52-Week low 18.15
P/E 23.31
Mkt Cap.(Rs cr) 41.08
Buy Price 20.05
Buy Qty 199.00
Sell Price 20.35
Sell Qty 1.00
OPEN 19.75
CLOSE 19.50
VOLUME 1916
52-Week high 42.45
52-Week low 18.15
P/E 23.31
Mkt Cap.(Rs cr) 41.08
Buy Price 20.05
Buy Qty 199.00
Sell Price 20.35
Sell Qty 1.00

Celestial Biolabs Ltd. (CELESTIAL) - Auditors Report

Company auditors report

AUDIT REPORT

To

The Members

M/S. CELESTIAL BIOLABS LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of M/S. CELESTIAL BIOLABS LIMITED("the Company") which comprise the Balance Sheet as at 31st March 2015 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the 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 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 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 accordancewith the Standards on Auditing specified under Section 143(10) of the Act. Those Standardsrequire that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from materialmisstatement.

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 ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give a true and fair view in order to designaudit procedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the Company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of the accounting policies used andthe reasonableness of the accounting estimates made by the Company’s Directors aswell as evaluating the overall presentation of the financial statements. We believe thatthe audit evidence we have obtained is sufficient and appropriate to provide a basis forour 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 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act we give in the Annexure a statement on the matters specified inparagraphs 3 and 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 purposes of our audit. (b) In ouropinion proper books of account as required by law have been kept by the Company so faras 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 termsof Section 164 (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 does not have have any pending litigations which would impact itsfinancial position;

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 Lakshmi purna & Associates
Chartered Accountants
Firm Registration No.012323S
CH.L Purnachandra Rao
Proprietor
Membership No.221392
Place: Hyderabad
Date : 02-07-2015

ANNEXURE TO THE AUDITORS' REPORT:

i a. The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets. b. A major portion of fixed assetshave been physically verified by the management during the year at reasonable intervals;no material discrepancies were noticed on such verification.

ii. a. The inventory has been physically verified by the management during the year atreasonable intervals. b. In our opinion and according to the information and explanationsgiven to us the procedures of physical verification of inventories followed by themanagement are reasonable and adequate in relation to the size of the company and thenature of its business. c. On the basis of our examination of the inventory records inour opinion the Company has to further strengthen the inventory records. However thediscrepancies noticed on physical verification of inventory as compared to book recordswere not material and have been properly dealt with the books of account.

iii. 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 Companies Act.iv. In our opinion and according to the information and explanations given to us there isan adequate internal control system commensurate with the size of the company and thenature of its business with regard to purchase of inventory fixed assets and sale ofgoods and services. During the course of our audit no major weakness has been noticed ininternal control system.

v. The Company has not accepted any deposits within the meaning of Sections 73 to 76 orany other relevant provisions of the Companies Act 2013 and no order has been passed byCompany Law Board or National Company Law Tribunal or Reserve Bank of India or any courtor any tribunal. vi. We have broadly reviewed the books of account maintained by thecompany in respect of its activities pursuant to the order made by the Central Governmentof India for the maintenance of cost records under sub-section (1) of Section 148 of theCompanies Act 2013 and are of the opinion that prima facie the prescribed accounts andrecords have been made and maintained. We have not however made a detailed examinationof the same.

vii. a. According to the information and explanations given to us and the records ofthe Company examined by us the company has been generally regular in depositing theundisputed statutory dues including Provident Fund Employees’ State InsuranceIncome-Tax Sales Tax Wealth Tax Service Tax duty of customs duty of excise valueadded tax cess any and other statutory dues as applicable with the appropriateauthorities and no undisputed amounts payable were outstanding as at 31st March 2015 fora period of more than six months from the date they became payable.

b. According to the information and explanations given to us and the records of thecompany examined by us there are no dues of Income Tax or Sales Tax or Wealth Tax orService Tax or duty of customs or duty of excise or value added tax or cess as at 31stMarch 2015 which have not been deposited on account of a dispute.

c. According to the information and explanations given to us there were no amountswhich were required to be transferred to the Investor Education and Protection Fund by theCompany.

viii. The Company neither has accumulated losses at the end of the financial year norhas incurred cash losses during the financial year and in the immediately precedingfinancial year. ix. According to the information and explanation given to us we are ofthe opinion that the Company has defaulted in repayment of dues to financial institutionsbanks and there are no outstanding debentures. x. According to the information andexplanations given to us and records examined by us the company has not given anyguarantee for loans taken by others from banks or financial institutions. Accordinglyclause 3

(x) of the Companies (Auditor's Report) Order 2015 is not applicable. xi. In ouropinion and according to the information and explanations given to us the term loans wereapplied for the purpose for which they were obtained. xii. According to the informationand explanations given to us no fraud on or by the Company has been noticed or reportedduring the year.

for Lakshmi purna & Associates
Chartered Accountants
Firm Registration No.012323S
CH.L Purnachandra Rao
Proprietor
Membership No.221392
Place: Hyderabad
Date : 02-07-2015

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