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Desh Rakshak Aushdhalaya Ltd.

BSE: 531521 Sector: Health care
NSE: N.A. ISIN Code: INE971E01016
BSE LIVE 15:00 | 19 May Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.13
PREVIOUS CLOSE 7.50
VOLUME 500
52-Week high 8.40
52-Week low 7.13
P/E 21.61
Mkt Cap.(Rs cr) 3
Buy Price 7.13
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.13
CLOSE 7.50
VOLUME 500
52-Week high 8.40
52-Week low 7.13
P/E 21.61
Mkt Cap.(Rs cr) 3
Buy Price 7.13
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00

Desh Rakshak Aushdhalaya Ltd. (DESHRAKSHAK) - Auditors Report

Company auditors report

To

The Members

M/s DeshRakshakAushdhalaya Limited.

HARIDWAR

Gentlemen

REPORT ON THE FINACIAL STATEMENTS

We have audited the accompanyingConsolidated Balance Sheet of M/s DESH RAKSHAKAUSHDHALAYA LIMITED HARIDWAR as alt 31st March 2015 and the relative Consolidatedmanufacturing Trading Profit & Loss Account & Cash & Fund Flow Statement forthe year ended on that date and a summary of significant accounting policies and otherexplanatory information.

MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors is responsible for the preparation of these financialstatements in terms of the requirements of the Companies Act 2013 that give a true andfair view of the financial position performance and cash flows in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies Rules 2014. Therespective Board of Directors of the company are responsible for maintenance of adequateaccounting records in accordance with the provision of the Act for safeguarding the assetsof the company and for preventing and detecting frauds and other irregularities theselection and application of appropriate accounting policies making judgment andestimates that are reasonable and prudent and the design implementation and maintenanceof adequate internal financial control that were operating effectively for ensuring theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error which have been used for the purposeof preparation of consolidated financial statements by the Directors of the company asaforesaid.

AUDITOR’S RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on ouraudit. While conducting the audit we have taken into account the provisions of the Actthe accounting and auditing standards and matters which are required to be included in theaudit report under the provisions of the act and the rules made there under.

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 oerform 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 assessments theauditor considers 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 the circumstances but not for the purpose of expressing anopinion on whether the company has in place an adequate internal financial controls systemover financial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of the 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 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 31stMarch 2015 and its profit and its cash flows for the year ended on that date.

REPORT ON OTHER LEGAL THE REGULATORY REQUREMENTS

1. As required by the companies (Auditor's report) order 2015 issued by the CentralGovt of India in terms of sub-section (11) of section 143 of the Act we give in theAnnexure a statement on the matters specified in the paragraph 3 and 4 of the Order tothe 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 it appears from our examination of those books;

(c) The balance sheet the statement of profit and loss and the cash flow statementdealt with this report are in agreement with the books of account;

(d) In our opinion the aforesaid financial statements comply with the AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014

(e) On the basis of the written representations received from the directors as on 31 stMarch 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.

(f) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditor's) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i. The company has made provision as required under the applicable law or accountingstandards.

ii. Provident Fund and ESI deposited by the company every month mostly in time but infew months it is delay by few days.

FOR AND ON BEHALF OF

M/S ANIL JAIN & CO.

CHARTERED ACCOUNTANTS.

Firm Regn. No.- 000189C

Sd-

[ANIL KUMAR JAIN]

PROPRIETOR

MEMBERSHIP N0.070253

PAN NO. ACDPJ9361N

PLACE: HARIDWAR

DATED: 25.05.2015

M/S DESH RAKSHAK AUSHDHALAYA LIMITED HARIDWAR (ANNEXURE TO AUDITOR'S REPORT

The annexure referred to in our Auditor’s Report to the members of the Company onthe financial statements for the year ended 31 st March 2015 we report that;

1. a The company has maintained proper records to show full particulars includingquantitative details and situations of its fixed assets

b. As explained to us the fixed assets have been physically verified by the managementduring the year in a phased periodical manner which in our opinion is reasonable havingregard to the size of the company and nature of its assets. No material discrepancies werenoticed on such physical verification.

c. In our opinion; the company has not disposed of substantial part of fixed assetsduring the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us inventories have been physically verified by the management atregular intervals during the year.

b. In our opinion and according to the information’s and explanations given to usthe procedures 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. The Company has maintained proper records of the inventories. As explained to usthere were no materieal discrepancies.noticed on physical verification of inventory ascompared to the book records.

3. In respect of loans secured or unsecured granted or taken by the company to/fromcompanies firms or other parties covered in the register maintained under Section 301 ofthe Companies Act 1956.

a. The Company had not taken the Unsecured loans covered in the register maintainedunder section 301 of the Companies Act 1956 & have the Secured loans of Banks &one another party. The maximum amount involved during the year aggregating to Rs.98.9QJacs at the beginning of the year and the year end b.alance of loans taken from suchparties was Rs. 105.85 lacs approx. The Company has not granted loans I to the partiescfuririg the year.

b. In our opinion the rate of interest and other terms and conditions on which loanssecured or unsecured hav been taken from/granted to companies firms or other partieslisted in the registers maintained under section 301 are not prima facie prejudicial tothe interest of the company. However no interest has been charged on he loansgiven/granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also .regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies firms or otherparties listed in the registers maintained under section 301 of teh Companies Act 1956.

4. In or opinion and according ;to the information’s and explanations given to usthere are adequate internal control procedures commensurate with the size of the companyand the nature of its business with regard to purchases of inventory fixed assets andwith regard to the sale of goods. During the course of our audit no major weakness hasbeen noticed in the internal controls.

5. No transactions covered under Section 301 of the Companies Act 1956.

6. In our opinion and according to the information and explanations given to us thereare no transactions in pursuance of contracts or arrangements entered in the registermaintained under Section 301 of the Companies Act 1956 aggregating during teh year to Rs.500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

8. In our opinion the company has an internal audit system commensuratee with the sizeand nature of its business.

9. We have broadly reviewed the books of accounts relating the materials labour andother items of cost maintained by the company pursuan to the Rules made by the CentrealGovernment for the maintenance of cost records under section 209 (1)(d) of the CompaniesAct 1956 and we are of the opinion that prima facie the prescribed accounts and recordshave been made and maintained. We have not however made a detailed examination of thesame.

10. In respect of statutory dues:

a. According to the records of the company the company is regular in depositing withappropriate authorities undisputed statutory dues including employees’ stateinsurance income tax sales tax excise duty and other statutory dues applicable to it.

b. According to the information’s and explanation given to us no undisputedamount payable in respect of income tax wealth tax sales tax and excise duty wereoutstanding as at 31 st March 2015 for a period of more than six months from the datethey became payable.

c. According to the records of the company there are no dues of sales tax income taxexcise duty which have not been deposited on account of any dispute.

11. The company has accumulate losses and there is no any cash loss during thefinancial year covered by our audit.

12. Based on our audit procedures and according to the information and explanationgiven by the management we are of the pinion that the company is not defaulted inrepayment of dues of tbe banks.

13. In our opinion and according to the information and explanations given to us noloans and advances have been granted by the company on the basis of security by way ofpledge of shares debentures and other securities. In our opinion the company is not achit fund or a Nidhi/mutual benefit fund/society. Therefore clause 1 (xiii) of theCompanies (Auditor’s Report) Order 2003 is not applicable the company.

14. Based on our examination of the records and evaluation of the related internalcontrols we are of the opinion that proper records have been maintained of thetransaction and contracts and timely entries have been made in those records. We alsoreport that company has invested in the shares only and nothing has been invested insecurities and debentures.

15. The company has not given any guarantee for loans taken by others from bank orfinancial institutions.

16. The company has not raised any new term loans during the year. The loansoutstanding were applied for the purposes for which they were raised.

17. According to the information and explanations given to us and on an overallexamination of the Balance Sheet of the company we report that no funds raised on shortterm basis have been used for long term investment. No long term funds have been used tofinance short term assets.

18. During the year the company has not made any preferential allotment of shares toparties and companies covered in the Register maintained under section 301 of theCompanies Act 1956.

19. The company has not created securities in respect of debentures issued.

20. The Company has not raised any money by way of public issue during the year.

21. In our opinion and according to the information’s and explanations given to usby ' the management no fraud on or by the company has been noticed or reported during thecourse of our audit.

FOR AND ON BEHALF OF

M/S ANIL JAIN & CO.

CHARTERED ACCOUNTANTS.

Sd-

(ANIL KUMAR JAIN)

PROPRIETOR

MEMBERSHIP N0.070253

PLACE: HARDWAR

DATED: 25.5.2015