You are here » Home » Companies » Company Overview » Chordia Food Products Ltd

Chordia Food Products Ltd.

BSE: 519475 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE975C01011
BSE LIVE 15:40 | 01 Dec 113.20 1.15
(1.03%)
OPEN

110.05

HIGH

114.90

LOW

110.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 110.05
PREVIOUS CLOSE 112.05
VOLUME 700
52-Week high 151.00
52-Week low 94.70
P/E
Mkt Cap.(Rs cr) 33.73
Buy Price 0.00
Buy Qty 0.00
Sell Price 113.20
Sell Qty 58.00
OPEN 110.05
CLOSE 112.05
VOLUME 700
52-Week high 151.00
52-Week low 94.70
P/E
Mkt Cap.(Rs cr) 33.73
Buy Price 0.00
Buy Qty 0.00
Sell Price 113.20
Sell Qty 58.00

Chordia Food Products Ltd. (CHORDIAFOOD) - Auditors Report

Company auditors report

To

The Members

Chordia Food Products Limited.

Report on the Financial Statements

We have audited the accompanying financial statements of Chordia Food Products Limited('the Company') which comprise the Balance Sheet as at 31st March 2015 the Statement ofProfit and Loss the Cash Flow Statement for the year then ended and a summary of thesignificant accounting policies and explanatory information.

Management’s Responsibility for the Financial Statements

The Company's Management is responsible for the matters stated in Section 134(5) of theCompanies Act 2013 ('The Act') with respect to the preparation of these financialstatements that give a true and fair view of the financial position financial performanceand cash flows of the Company in accordance with the Accounting Standards specified underSection 133 of the Companies Act 2013 read with Rule 7 of the Companies (Accounts)Rules 2014 and in accordance with the accounting principles generally accepted in India.This responsibility includes the design implementation and maintenance of internalcontrol relevant to the preparation and the presentation of the financial statements thatgive a true and fair view and are free from material misstatements whether due to fraudor error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these Financial Statement based on ouraudit. We conducted our audit in accordance with the Standards on Auditing under Section143(10) of the Act. Those Standards require that we comply with the ethical requirementsand plan and perform the audit to obtain reasonable assurance about whether the FinancialStatements are free from material misstatements. An audit involves performing proceduresto obtain audit evidence about the amounts and disclosures in the Financial Statement. Theprocedures selected depend on the auditor's judgment including the assessment of the riskof material misstatement of the financial statement whether due to fraud or error inmaking those risk assessments that auditor considers the internal controls relevant tothe Company's preparation and fair presentation of the financial statements in order todesign audit procedures that are appropriate in the circumstances but not for the purposeof expressing an opinion on the effectiveness of the Company's internal control. An auditalso includes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Management as well as evaluatingthe overall presentation of the Financial Statements. We believe that the audit evidencewe have obtained is sufficient and appropriate to provide 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 Financial Statement gives the information required by the Actin the manner so required and gives a true and fair view in conformity with the accountingprinciples generally accepted in India.

a. In the case of the Balance Sheet of the state of affairs of the Company as at 31stMarch 2015;

b. In the case of the Statement of Profit and Loss of the Profit of the Company forthe year ended on that date.

c. In the case of the Cash Flow Statement of the Cash Flows of the Company for theyear ended on that date.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order 2015 (the Order) issued by theCentral Government of India in terms of Sub -Section (11) of Section 143 of the Act wegive in the Annexure a statement on the matters specified in Paragraph 3 & 4 of theOrder to the extent applicable.

As required by Section 143 (3) of the Act we report that:

a. We have obtained all the information and explanation 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 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 Balance Sheet the Statement of Profit and Loss and the CashFlow Statement comply with the accounting Standards notified under the Act under Section133 of Companies Act 2013 read with Rule 7 of Companies (Accounts) Rules 2014.

e. On the basis of the written representation 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 terms of Section164 (2) of the Act.

M/s. Sunil Shah
Chartered Accountants
Sunil Shah
Proprietor
Membership No.37483
Place: Pune
Date: 30th May 2015

Annexure to the Auditors’ Report [As referred to in our Report of even date]

Report under the Companies (Auditors Report) Order 2015

We report that:-

1. (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of Fixed Assets.

(b) The major portion of fixed assets has been physically verified by the Managementduring the year. In our opinion the frequency of physical verification of fixed asset bythe management is reasonable having regard to the size of the Company and nature of itsassets. The discrepancies noticed have been properly dealt with in the books of account.

(c) The assets disposed off during the year are not significant and therefore do notaffect the going concern assumption.

2. (a) The inventory have been physically verified by the management at reasonableintervals.

(b) In our opinion and according to the information and explanation given to us theprocedure for physical verification of inventory followed by the management werereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

(c) In our opinion the Company has maintained proper records of inventory. Thediscrepancies between the physical stocks and the book stocks are not material and havebeen properly dealt with in the books of account.

3. (a) During the year the Company has not granted any loans to companies firms orother parties covered in the register maintained under Section 189 of the Companies Act 2013;

(b) During the year the Company has not taken any loan from companies firms or otherparties covered in the register maintained under section 189 of the Companies Act 2013:

4. In our opinion and according to the information and explanation provided to us thereare adequate internal control procedures commensurate with the size of the Company andnature of its business with regard to purchase of inventory fixed assets and sale ofgoods. During the course of our audit no major weakness has been noticed in the internalcontrol.

5. The Company has not accepted any Deposits from the public.

6. We have broadly reviewed the cost records maintained by the Company pursuant to theCompanies (Cost Records and Audit) Rules 2014 under Section 148 (1) (d) of the CompaniesAct 2013 and are of the opinion that prima facie the prescribed accounts and costrecords have been maintained. We have however not made a detailed examination of the costrecords with a view to determine whether they are accurate or complete.

7. According to the records information and explanation provided the Company isgenerally regular in depositing with appropriate authorities undisputed amount ofprovident fund employee state insurance income tax sales tax wealth tax and otherstatutory dues applicable to it and no undisputed amounts payable were outstanding as at31st March 2015 for a period of more than six months from the date they become payable.

8. The Company does not have accumulated losses at the end of the Financial Year andhas not incurred cash losses in the Financial Year covered by the audit and in theimmediately preceding Financial Year.

9. Based on our audit procedures and on the information and explanations given to usthe Company has not defaulted in repayment of dues to any financial institution or bank.

10. Based on our examination and accordingly to the information and explanations givento us the Company has not given guarantees for loans and advances taken by others.

11. As informed to us the Company has not raised any term loans.

12. On the audit procedures performed and information and explanations given to us bythe management we report that no fraud on or by the Company has been noticed or reportedduring the course of our audit.

M/s. Sunil Shah
Chartered Accountants
Sunil Shah
Proprietor
Membership No.37483
Place : Pune
Date : 30th May 2015

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard