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Chandra Prabhu International Ltd.

BSE: 530309 Sector: Others
NSE: N.A. ISIN Code: INE368D01017
BSE LIVE 15:03 | 02 Dec 19.20 1.10
(6.08%)
OPEN

17.00

HIGH

20.40

LOW

16.30

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 17.00
PREVIOUS CLOSE 18.10
VOLUME 4308
52-Week high 30.00
52-Week low 10.26
P/E 16.41
Mkt Cap.(Rs cr) 7.10
Buy Price 18.00
Buy Qty 10.00
Sell Price 19.25
Sell Qty 97.00
OPEN 17.00
CLOSE 18.10
VOLUME 4308
52-Week high 30.00
52-Week low 10.26
P/E 16.41
Mkt Cap.(Rs cr) 7.10
Buy Price 18.00
Buy Qty 10.00
Sell Price 19.25
Sell Qty 97.00

Chandra Prabhu International Ltd. (CHANDRAPRINTL) - Auditors Report

Company auditors report

To the Members of

M/s Chandra Prabhu International Ltd

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of M/s ChandraPrabhu International Ltd ("the Company") which comprise the Balance Sheetas at March 31 2015 the Statement of Profit and Loss Cash Flow Statement for the yearthen ended and a summary of significant accounting policies and other explanatoryinformation.

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 the maintenance of adequate accounting records in accordancewith the provisions of the Act for safeguarding of the assets of the Company and forpreventing and detecting the frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of 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 standalone financial statementsbased on our audit. We have taken into account the provisions of the Act the Accountingand Auditing Standards and matters which are required to be included in the audit reportunder the provisions 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 o t obtain reasonable assurance about whetherthe 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'sjudgmentincluding 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 true and fair view in order to design audit procedures thatare appropriate i n the circumstances but not for the purpose of expressing an opinion onwhether the Company has in place an adequate internal financial controls system overfinancial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonablenessof the accounting estimates made by Company's Directors as well as evaluating the overallpresentation 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 standalone financial statements give 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 at March312015;

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

c) In the case of the Cash Flow Statement of the Cash Flow for the year ended on thatdate.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 issued by CentralGovernment of India in terms of sub-section 143 of the Companies Act 2013 we give in theannexure a statement on the matters specified in paragraph 3 and 4 of the Order.

2. As required by section 143(3) of the Act we report that:

a) we have obtained all the information and explanations which to the best of ourknowledge 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 Statement of Profit and Loss Statement and Cash Flow Statementdealt with by this Report are in agreement with the books of account.

d) in our opinion the aforesaid standalone financial statements comply with theAccording Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

e) there are no observations and comments on financial transactions or other matterswhich have an adverse effect on the functioning of the Company.

f) on the basis of the written representations received from the directors as on March31 2015 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.

g) There are no qualifications reservations or adverse remarks relating to maintenanceof accounts and other matters 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 doesn't have any pending litigations which would impact its financialposition

ii. The Company did not have any long term contracts including derivative contractshaving any material foreseeable losses for which provision was required to be made underthe applicable kw or accounting standard.

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

For J P S & CO
Chartered Accountants
FRN 004086N
C A J C Verma
Partner
M. No. 083210
Place: New Delhi
Dated: 29.05.2015

Annexure to the Auditors' Report

Referred to Paragraph 1 of our "Report on other Legal and RegulatoryRequirements" on even date:

1 (a) The company has maintained proper records showing full particulars of fixedassets including quantitative details and situation of fixed assets.

(b) The fixed assets have been physically verified by the management according to thephased program of three years which is reasonable with regard to size of the company andnature of its assets. Pursuant to the program a portion of the fixed assets have beenphysically verified by the management during the year and no significant materialdiscrepancies between the book records and such physical verification have been noticed.

(c) No fixed assets have been disposed of during the year and in our opinion it doesnot affect the going concern of the company.

2 a. The management has conducted physical verification of inventory at reasonableintervals. In our opinion the frequency of verification is reasonable.

b. In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the management arereasonable and adequate in relation to the size of the company.

c. The Company has maintained proper records of inventories. As explained to us and inour opinion the discrepancies noticed on physical verification of inventory as comparedto the book records were not material.

3 In respect of the loans secured or unsecured granted or taken by the companyto/from companies firm or other parties covered in the register maintained under section189 of the Companies Act 2013i

a. According to the information and explanations given to us the Company has notgranted loans secured or unsecured to three companies firms or other parties covered inthe register maintained u/s 189of the Companies Act2013.

b. As informed to us the company has taken interest free unsecured loans from adirector covered in the register maintained u/s 189 of the Companies Act2013. The maximumbalance outstanding during the year is Rs 460 lacs and year end balance is 364.65 Lacs.

4 In our opinion and according to the information and explanationsgiven to us thereare adequate internal control systems commensuratewith the size of the company and thenature of its business for the purchase of inventory fixed assets and also for the saleof goods and services. During the course of our auditwe have not observed any continuingfailure to correct major weaknesses in the internal control.

5 In our opinion and according to the information and explanations given to us dieCompany has not accepted deposits hence the directives issued by the Reserve Bank ofIndia and the provisions of sections 73 to 76 or any other relevant provisions of theCompanies Act and the rules framed there under are not applicable to it. According to theinformation and explanationsgiven to us no order has been passed against the company byCompany Law Board or National Company Law Tribunal or Reserve Bank of India or any courtor any other tribunal.

6 We have broadly reviewed the books of account maintained by the Company pursuant tothe rules made by die Central Government for maintenance of cost records under sub-section(1) of section 148 of the Companies Act 2013 and we are of the opinion that prima fadethe prescribed accounts and records have been made and maintained. We have however notmade a detailed examination of records with a view to determine whether they accurate andcomplete.

7 a. According to the information and explanation given to us and the records of thecompany examined by us the Company is generally regular in depositing with theappropriate authorities undisputed statutory dues including provident fund employeesstate insurance income-tax sales-tax wealth tax service tax duty of customs duty ofexcise value added tax cess and any other material statutory dues applicable to it.

b. According to the information and explanation given to us undisputed statutory dueswhich are outstanding as at 31st March 2015 for a period more than six months from thedate they became payable are Income Tax Dues for F.Y. 1995-96 of Rs 734312/-.

c. According to the information and explanations given to us there are no amountsrequired t o be transferred to Investor Education and Protection Fund in accordance withdie relevant provisions of die Companies Act 1956 (1 of 1956) and rules made there under.

8 The Company has no accumulated losses at the end of 31st March 2015. The Company hasnot incurred cash losses in die financial year covered by our audit or in the immediatelypreceding financial year.

9 In our opinion and according to information and explanations given to us the Companyhas not defaulted in repayment of its dues to financial institution or bank as at theBalance Sheet date.

10 According to the information and explanation given to us the company has not givenany guarantee for loans taken by others from bank or financial institutions during theyear. Accordingly the provisions of clause 3(x) of the Companies (Auditor's Report)Order 2015 are not applicable to the company.

11 According to the information and explanations given to us the company has notavailed any term loan during the year. Accordingly the provisions of clause 3 (xi) of theCompanies (Auditor's Report) Order 2015 are not applicable to the company.

12 During the course of our examination of the books & records of the companycarried out in accordance with the generally accepted auditing practices in India andaccording to the information and explanation given to us we have neither come across anyinstances of fraud on or by the company noticed or reported during the year nor have webeen informed of such case by Management.

For J P S & CO
Chartered Accountants
FRN 004086N
C A J C Verma
Partner
M. No. 083210
Place :New Delhi
Dated: 29.05.2015

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