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Cistro Telelink Ltd.

BSE: 531775 Sector: Others
NSE: N.A. ISIN Code: INE365C01023
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NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.14
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VOLUME 2800
52-Week high 0.14
52-Week low 0.13
P/E
Mkt Cap.(Rs cr) 0.67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.14
CLOSE 0.13
VOLUME 2800
52-Week high 0.14
52-Week low 0.13
P/E
Mkt Cap.(Rs cr) 0.67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cistro Telelink Ltd. (CISTROTELELINK) - Auditors Report

Company auditors report

To

The Members

Cistro Telelink Limited

Report on the Financial Statement

We have audited the accompanying financial statement of Cistro Telelink Ltd ("theCompany") which comprise the Balance Sheet as at March 31 2015 and the statementof Profit & Loss and Cash Flow Statement for the year ended and the summary ofsignificant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statement

The Management and Board of Directors of the Company are responsible for the mattersstated in Section 134(5) of the Companies Act 2013 (‘the act") with respect tothe preparation of these financial statements that give a true and fair view of thefinancial position financial performance and cash flows of the Company in accordance withthe Accounting principles generally accepted in India including Accounting Standardsspecified under section 133 of the Act read with rule 7 of Companies (Accounts) Rules2014. This responsibility includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company andfor preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; design implementation and maintenance of adequate internal financial controlsthat are operating effectively for ensuring the accuracy and completeness of 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.

Auditors’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 specified under Section 143(10) of the Act. Those Standardsrequire that we comply with ethical requirement 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 anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of 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 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 management and Board of Directors as wellas evaluating the overall presentation of the financial statements. We believe that theaudit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion.

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 fare 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 atMarch 31 2015;

(b) In the case of Profit & Loss Account of the loss of the Company for the yearended on that 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 Requirements

1. As required by required by the Companies (Auditor's Report) Order2015 ("theOrder") issued by Central Government of India in terms of sub-section (11) of section143 of the Act we give in the Annexure a statement on the matters specified in paragraph3 & 4 of the Order.

2. As required by section 143(3) of the Act we further 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 appears from our examination of those books;

(c) The Balance Sheet Statement of Profit and Loss Account and Cash Flow Statementdealt with this report are in agreement with the books of Accounts;

(d) In our opinion Balance Sheet Statement of Profit and Loss Account and Cash FlowStatement comply with the applicable Accounting Standards specified under Section 133 ofthe Act read with Rule 7 of the Companies (Accounts) Rules 2014;

(e) On the basis of written representation 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 312015 from being appointed as the directors in terms of Section 164(2) ofthe Act;

(f) In our opinion and to the best of our information and according to the explanationsgiven to us we report as under with respect to other matters to be included in theAuditor's Report in accordance with Rule 11 of the Companies (Audit & Auditors) Rules2014:

1. The Company does not have any pending litigation which would impact its financialposition.

2. The company did not have any long-term contracts including derivative contracts; assuch the question of commenting on any material foreseeable losses thereon does not arise.

3. There has not been an occasion in case of the Company during the year under reportto transfer any sums to the Investor Education & Protection Fund. The question ofdelay in transferring such sums does not arise.

For C.P.Jaria & Co
Chartered Accountants
Sd/-
Place : Indore (P.K.Jain)
Date : 28/05/2015 Partner
M.No.112020
F.No.104058W

Annexure referred to in paragraph 1 of our report of even date to the members of CistroTelelink Ltd on the accounts of the company for the year ended 31.03.15

On the basis of such checks as we considered appropriate and accordingly to theinformation and explanations

given to us during the course of our audit we report that:

1. The company has maintained proper records showing full particulars includingquantitative details and location of all its fixed assets. During the year the managementhas physically verified all the fixed assets and no material discrepancies have beennoticed on such verification. During the year the company has not disposed offsubstantial part of its fixed assets.

2. The Company does not hold any inventory. Hence the requirement of clause (ii) ofparagraph 3 of the said order is not applicable.

3. The company has not granted any loans secured or unsecured to/from companies firmsor other 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 thereare adequate internal control procedures commensurate with the size of the company and thenature of its business with regard to the purchase of inventory fixed assets and withregard to the sale of goods. During the course of our audit no major weakness has beennoticed in the internal controls.

5. The Company has not accepted any deposits from the public covered under section 73to 76 of the Companies Act 2013.

6. As informed to us the Central Government has not prescribed maintenance of costrecords under sub-section (1) of Section 148 of the Act.

7. (a) According to the information and explanations given to us and on basis of ourexamination of the books of

accounts the company has been generally regular in depositing undisputed statutorydues including Provident fund Employee's state insurance Income Tax sales Tax WealthTax Service Tax Custom Duty Excise Duty cess and other statutory dues as applicablewith the appropriate authorities in India;

(b) According to information and explanations given to us and based on the records ofthe company examined by us there are no dues of Income Tax Wealth tax Service TaxSales tax Custom Duty and excise duty which have not been deposited on account of anydisputes;

(c) There has not been an occasion in case of the Company during the year under reportto transfer any sums to the Investor Education & Protection Fund. The question ofreporting delay in transferring such sums does not arise.

8. The Company does not have accumulated losses exceeding 50% of its net worth and ithas incurred cash losses during the financial covered by our audit and in the immediatelypreceding financial year.

9. Based on our audit procedure and on the information and explanations given by themanagement we are of the opinion that the company has not availed any loans from anyfinancial institution or banks and has not issued debentures during the year.

10. According to the information and explanations given to us the company has notgiven any guarantee for loans taken by others from bank and financial institutions duringthe year.

11. According to the information and explanations given to us the company had notraised any term loan during the year.

12. According to the information and explanations given to us no fraud on or by thecompany has been noticed or reported during the period.

For C.P.Jaria & Co
Chartered Accountants
Sd/-
Place : Indore (P.K.Jain)
Date : 28/05/2015 Partner
M.No.112020
F.No.104058W

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