You are here » Home » Companies » Company Overview » Corporate Courier & Cargo Ltd

Corporate Courier & Cargo Ltd.

BSE: 526737 Sector: Services
NSE: N.A. ISIN Code: INE871E01018
BSE LIVE 15:40 | 02 Dec 10.05 -0.16
(-1.57%)
OPEN

10.19

HIGH

10.19

LOW

9.85

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.19
PREVIOUS CLOSE 10.21
VOLUME 3705
52-Week high 11.14
52-Week low 6.00
P/E
Mkt Cap.(Rs cr) 6.03
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.19
CLOSE 10.21
VOLUME 3705
52-Week high 11.14
52-Week low 6.00
P/E
Mkt Cap.(Rs cr) 6.03
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Corporate Courier & Cargo Ltd. (CORPORATECOURIE) - Auditors Report

Company auditors report

TO THE MEMBERS OF CORPORATE COURIER AND CARGO LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of CORPORATE COURIER AND CARGOLIMITED ("the Company") which comprise the Balance Sheet as at March31 2015 the Statement of Profit and Loss and the Cash Flow Statement for the year thenended and a summary of the significant accounting policies and other explanatoryinformation.

Management’s Responsibility for the Financial Statements

The Company’s management is responsible for the matters stated in Section 134(5)of the Companies Act 2013 ("the act") with respect to the preparation of thesestandalone financial statements that give a true and fair view of the financial position& financial performance of the Company in accordance with the accounting principlesgenerally accepted in India including the Accounting Standards specified under Section133 of the Act read with rule 7 of the Companies (Account) 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.

Auditors’ 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 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 performingprocedures to obtain audit evidence about the amounts and disclosures in the financialstatements. The procedures selected depend on the auditor’s judgment including theassessment of the risks of material misstatement of the financial statements whether dueto fraud or error. In making those risk assessments the auditor considers internalcontrol relevant to the Company’s preparation of the financial statements that give atrue and fair view in order to design audit procedures that are appropriate in thecircumstances but not for the purpose of expressing an opinion on whether the Company hasin place an adequate internal financial controls system over financial reporting and theoperating effectiveness of these controls. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accountingestimates made by management as well as evaluating the overall presentation of thefinancial statements. We believe that the audit evidence we have obtained is sufficientand appropriate to provide 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 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 March31 2015 and its loss 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 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 purposes 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 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 standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014

e. 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.

For R DEVARAJAN & CO

Chartered Accountants FRN : 102415W

S V SUBRAMANIAM

Partner M No : 036157 Mumbai Dated : May 30 2015

ANNEXURE TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 1 under Rs. Report on Other Legal and RegulatoryRequirements’ section of our report of even date)

1. The company did not have any assets during the year consequently sub-clauses (a) and(b) of clause (i) of Section 3 of the order are not applicable

2. The company does not have any inventory consequently sub-clauses (a) to (c) ofclause (ii) of Section 3 of the order are not applicable.

3. The Company has not granted any secured/ unsecured loan to Companies firms or otherparties covered in the register maintained u/s 189 of the Act.

4. The company has not purchased any Fixed Assets or Inventory during the yearconsequently clause (iv) of Section 3 of the order is not applicable. On the basis of ourexamination of the books and records of the Company and according to the information andexplanations given to us we have neither come across nor have been informed of anycontinuing failure to correct major weaknesses in the aforesaid internal control system.

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

6. The Central Government has not prescribed maintenance of cost records under section148(1) of the Act for any of the services rendered by the Company. a) According to theinformation and explanations given to us the provisions of the Provident Fund Act and theEmployees' State Insurance Act do not apply to the Company. According to the informationand explanations given to us no undisputed amounts payable in respect of any of thestatutory dues were in arrears as at 31st March 2015 for a period of more than six monthsfrom the date they became payable. b) According to the information and explanations givento us and the records of the Company examined by us there are no dues of Income TaxWealth Tax duty of Excise Value Added Tax and Cess as at 31st March 2015 which have notbeen deposited on Account of any dispute. c) The company has not transferred any amount tothe Investor Education and Protection Fund.

7. The company is not required to maintain cost records as specified by the CentralGovernment under sub-section (1) of section 148 of the Companies Act.

8. The Company has an accumulated loss as at 31st March 2015 and its accumulated lossesat the end of the year are more than 50% of its net worth and it has also incurred cashlosses in the financial year ended on that date and in the immediately preceding financialyear.

9. The company does not have any outstanding Loan or debenture or dues to FinancialInstitutions or Banks and consequently clause (ix) of Section 3 is not applicable 10. TheCompany has not given guarantee for loans taken by others from bank.

11. According to the information and explanations given to us no term loans have beenobtained by the Company during the year.

12. During the course of our examination of the books and records of the Companycarried out in accordance with the generally accepted accounting practices in India andaccording to the information and explanations given to us we have neither come across anyinstance of fraud on or by the Company noticed or reported during the year nor have webeen informed of such case by the management

For R DEVARAJAN & CO

Chartered Accountants FRN : 102415W

S V SUBRAMANIAM

Partner M No : 036157 Mumbai Dated : May 30 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