You are here » Home » Companies » Company Overview » CRB Share Custodian Services Ltd

CRB Share Custodian Services Ltd.

BSE: 530423 Sector: Financials
NSE: N.A. ISIN Code: N.A.
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

CRB Share Custodian Services Ltd. (CRBSHARECUST) - Auditors Report

Company auditors report

CRB SHARE CUSTODIAN SERVICES LIMITED ANNUAL REPORT 2008-2009 AUDITORS' REPORT To The Members of M/s. CRB Share Custodian Services Limited 1. We have audited the attached Balance Sheet of M/s CRB Share Custodian Services Limited, Kolkata as at 31st March 2009, Profit & Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit Includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. As required by the Companies (Auditor's Report) Order, 2003 ,as amended by the Companies (Auditor's Report)(Amendment ) Order 2004, issued by the Central Government of India in terms of Section 227 (4-A) of the Companies Act, 1956, and on the basis of such test checks of the books and records of the Company as we considered appropriate and according to the information and explanations given to us, during the course of Audit, we enclose in the Annexure hereto a statement on the matters specified in Paragraphs 4 and 5 of the said order: 4. Further to our comments in the Annexure referred to in paragraph above, we report that: a. We have obtained all the information and explanation, which to the best of our knowledge and belief were necessary for the purpose of our Audit. b. In our opinion, the Company has kept proper books of account as required by Law so far as appears from our examination of the books. c. The attached Balance Sheet, Profit and Loss Account dealt with by this report is in agreement with the books of accounts. d. In our opinion, the Balance Sheet and Profit and Loss Account dealt with this report comply with the Accounting Standard referred to in section 211 (3C) of the Companies Act, 1956 to the extent applicable ANNEXURE TO THE AUDITORS REPORT (Referred to in paragraph 3 of our Report of even date) 1. In respect of its Fixed assets: (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets on the basis of available information. (b) As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, No material discrepancies were noticed on such physically verification by the management. (c) There is no disposal of fixed assets during the year and valued as stated in the schedule have been valued and verified by the management. 2. In respect of its Inventories: (a). As explained to us, inventories have been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. (b). In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and nature of its business. As explained to us, there was no material discrepancies noticed on physically verification of inventory as compared to the book records. 3.(a) The company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 301 of the Act. (b) The company has not taken any loans, secured or unsecured, from companies, firms or other parties covered in the register maintained under Section 301 of the Act. 4. In our opinion and according to the information and explanations given to us, them is an adequate internal control system commensurate with the size of the company and the nature of its business for the purchase of inventory, fixed assets and for the sale of goods and services. We have been informed that there is no major weaknesses in the internal control system. 5.(a) In our opinion and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in Section 301 of the Act have been entered in the register required to be maintained under that section. (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements and exceeding the value of Rupees Five Lakhs in respect of any party during the year have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. 8. The company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and the rules framed there under. 7. In our opinion, the company has an internal audit system commensurate with its size and nature of its business. 8. We are informed that the Central Government has not prescribed maintenance of cost records under section 209(1)(d) of the Companies Act, 1956. 9. According to the Information and explanations given to us and the records of the company examined by us, in our opinion, the company is generally regular in depositing the undisputed statutory dues including provident fund, investor education and protection fund, employees state insurance, income-tax, sales-tax, wealth tax, service tax, customs duty, excise duty, cess and other material statutory dues as applicable with the appropriate authorities. According to the information and explanations given to us, no undisputed amounts payable in respect of aforesaid dues were outstanding as on 31st March 2009 for a period of more than six months from the date they become payable. According to the records of the company and on the basis of information and explanations given to us, there are no statutory dues which have not been deposited on account of any dispute. 10. The company has no accumulated losses as at 31st March 2009 and it has not incurred any cash losses in the financial year ended on that date or in the immediately preceding financial year. 11. The Company has no dues to any financial institution, bank or debenture holders. 12. The company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. The provisions of any special statute applicable to chit fund/nidhi / mutual benefit applicable to the company. 14. In our opinion, the company is a dealer or trader in shares, securities, debentures and other investments. All shares, securities, debentures and other investments have been held by the company in its own name. 15. As Informed to us, the company has not given any guarantee for loans taken by others from banks or financial institutions during the year. 16. The Company has not obtained any term loans during the year. 17. On an overall examination of the balance sheet of the Company, we are of the opinion that no short-term funds have been used for long-term investments. 18. The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Act during the year. 19. The company has not issued any debentures and hence no securities have been created 20. The company has not raised any money by public issue during the year. 21. During the course of our examination of the books and records of the company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any Instance of fraud on or by the company, noticed or reported during the year, nor have we been informed of such case by the management. For Mohindra Arora & Co. (Chartered Accountants) (A.K.Katial) Partner FCA No. 09096 Place: Mumbai Date : 30th July, 2009.

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