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Danlaw Technologies India Ltd.

BSE: 532329 Sector: IT
NSE: N.A. ISIN Code: INE310B01013
BSE LIVE 15:12 | 06 Dec 59.00 -0.15
(-0.25%)
OPEN

59.20

HIGH

61.00

LOW

59.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 59.20
PREVIOUS CLOSE 59.15
VOLUME 6915
52-Week high 150.30
52-Week low 43.00
P/E 13.41
Mkt Cap.(Rs cr) 21.95
Buy Price 59.00
Buy Qty 70.00
Sell Price 59.85
Sell Qty 1.00
OPEN 59.20
CLOSE 59.15
VOLUME 6915
52-Week high 150.30
52-Week low 43.00
P/E 13.41
Mkt Cap.(Rs cr) 21.95
Buy Price 59.00
Buy Qty 70.00
Sell Price 59.85
Sell Qty 1.00

Danlaw Technologies India Ltd. (DANLAWTECH) - Auditors Report

Company auditors report

To

The Members of

M/s. Danlaw Technologies India Limited

Report on the Financial Statements

We have audited the accompanying standalone financial statements of M/s. DanlawTechnologies India Limited ("the Company") which comprise the Balance Sheet asat 31st March 2015 the Statement of Profit and Loss and the Cash Flow Statement for theyear then ended and a summary of the significant accounting policies and otherexplanatory information.

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 with respect to the preparation of these standalonefinancial statements that give a true and fair view of the financial position financialperformance and cash flows 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 7of the Companies (Accounts) 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 standalone financial statementsbased on our audit.

We have taken into account the provision 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 performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessment theauditor considers the internal financial controls relevant to the company's preparation ofthe financial statements that gives a true and fair view in order to design auditprocedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as well asevaluating the overall presentation 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 standalone 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 31stMarch 2015.

(b) In the case of the Statement of Profit and Loss of the Profit for the year endedon 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 the companies (Auditor's report) order 2015 (The order) issued bythe central government of India in terms of Sub Section (11) of Section 143 of theCompanies Act 2013 we give in the annexure a statement on the matters specified inParagraph 3 and 4 of the said order.

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 purpose 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 and the cash Flow Statement dealtwith by this Report are in agreement with the books of accounts.

Place: Hyderabad For RAMANA REDDY & ASSOCIATES
Date: 23.05.2015 CHARTERED ACCOUNTANTS
FRN: 003246S
(CA. RAMANA REDDY A.V.)
PARTNER
Membership No. 024329

ANNEXURE TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 1 of Report on Other Legal and Regulatory Requirements ofour report of even date)

1. (a) The Company has maintained proper records showing full particulars including

quantitative details and situation of fixed assets.

(b) The fixed assets of the company have been physically verified by the Managementduring the year

as per a programme of verification which in our opinion is reasonable having regard tothe size of the company and the nature of its fixed assets. No material discrepancies werenoticed on such verification.

2. (a) The inventories of the company has been physically verified by the management atregular

intervals during the year.

(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 and the nature of itsbusiness.

(c) On the basis of our examination of records of stock in our opinion the companyhas maintained proper records of inventories. As explained to us there were no materialdiscrepancies noticed on such physical of inventory as compared to the book records.

3. The Company has not granted any loans secured or unsecured to companies firms orother parties covered in the register maintained under section 189 of the companies Act.Accordingly the sub-clauses

(a) and (b) are not applicable to the company.

4. In our opinion and according to information and explanations given to us there isadequate internal control system commensurate with the size of the company and the natureof its business for the purchase of inventory fixed assets and for the sale of goods andservices.

5. In our opinion and according to the information and explanations given to us thecompany has not accepted any deposits in terms of directives issued by 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 applicable.

6. The maintenance of cost records has not been prescribed by the central Governmentunder subsection (1) of section 148 of the companies Act.

7. (a) The Company is regular in depositing with appropriate authorities undisputedstatutory dues

including provident fund employee's state insurance income tax sales tax wealthtax service tax custom duty excise duty cess and other material statutory dues onapplicable to it.

According to the information and explanations given to us no undisputed amountspayable in respect of income tax wealth tax service tax sales tax customs duty exciseduty and cess 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 given to us there are no dues ofsales tax income tax customs duty wealth tax service tax excise duty and cess whichhave not been deposited on account of any dispute.

(c) According to information and explanation given to us there were no amounts whichwere required to be transferred to investor education and protection fund in accordancewith the relevant provisions of the companies Act.

8. In our Opinion the Accumulated losses of the company are not more than fiftypercent of its net worth. Further the company has not incurred any cash losses for thefinancial year ended on that date and also in the immediately preceding financial year.

9. According to the information and explanation given to us the company has notdefaulted in repayment of dues to any financial institution or bank.

10. According to the information and explanations given to us the company has notgiven any guarantees for the loans taken by others from banks or financial institutions.

11. In our Opinion and according to the information and explanations given to us and onan overall examination the company has not availed any term loan during the year underreport.

12. To the best of our knowledge and according to the information and explanationsgiven to us no fraud on or by the company has been noticed or reported during the courseof our audit.

Place: Hyderabad For RAMANA REDDY & ASSOCIATES
Date: 23.05.2015 CHARTERED ACCOUNTANTS
FRN: 003246S
(CA. RAMANA REDDY A.V.)
PARTNER
Membership No. 024329

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