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Diksat Transworld Ltd.

BSE: 540151 Sector: Media
NSE: N.A. ISIN Code: INE942P01013
BSE 00:00 | 20 Apr 100.00 4.00
(4.17%)
OPEN

96.00

HIGH

100.00

LOW

95.50

NSE 05:30 | 01 Jan Diksat Transworld Ltd
OPEN 96.00
PREVIOUS CLOSE 96.00
VOLUME 21000
52-Week high 102.00
52-Week low 51.10
P/E 769.23
Mkt Cap.(Rs cr) 172
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 96.00
CLOSE 96.00
VOLUME 21000
52-Week high 102.00
52-Week low 51.10
P/E 769.23
Mkt Cap.(Rs cr) 172
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Diksat Transworld Ltd. (DIKSATTRANSWOR) - Auditors Report

Company auditors report

Independent Auditor's Report

To

The Members of

M/s. DiksatTransworld Limited.

Report on Financial Statements

We have audited the accompanying financial statements of M/s. DiksatTransworld Limited("the Company") which comprise the Balance Sheet as at 31st March 2017 theStatement of Profit and Loss for the year ended on that date along with the cash flowstatement annexed thereto and a summary of the significant accounting policies and otherexplanatory information for the year then ended.

Management's Responsibility for the Financial Statements

The Company's Board of Directors are responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial 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(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 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 there under.

We conducted our audit in accordance with the Standards on Auditing specified undersection 143(10) of the companies Act 2013. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement. An audit involvesperforming procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditor's judgment includingthe assessment of the risks of material misstatement of the financial statements whetherdue to fraud or error. In making those risk assessments the auditor considers internalcontrol relevant to the Company's preparation and fair presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances.An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by management as well as evaluating theoverall 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.

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:

a) in the case of the Balance Sheet of the state of affairs of the Company for as atMarch 31 2017;

b) in the case of the Profit and Loss Account of the profit for the year ended on thatdate;

c) in case of cash flow statement of the cash flows for the year ended on the date;

Report on Other Legal and Regulatory Requirements:-

1. As required by the Companies (Auditor's Report) Order 2016(" the Order")issued by the Central Government of India in terms of sub section (11) of section 143 ofthe Act we give in Annexure A a statement on the matters specified in the paragraph 3 and4 of the Order to the extent applicable.

2. As required by section 143(3) of the Act we report that: a) We have obtained allthe information and explanations which to the best of our knowledge and belief werenecessary for the purpose of our audit; b) In our opinion proper books of account asrequired by law have been kept by the Company so far as appears from our examination ofthose books. c) The Balance Sheet Statement of Profit and Loss and Cash Flow Statementdealt with by this Report are in agreement with the books of account. d) In our opinionthe Balance Sheet Statement of Profit and Loss and Cash Flow Statement comply with theAccounting Standards notified under the Companies Act read with the General Circular15/2013 dated 13 September 2013 of the Ministry of Corporate Affairs in respect of section133 of the Companies Act 2013. e) On the basis of written representations received fromthe directors as on March 31 2017 and taken on record by the Board of Directors none ofthe directors are disqualified as on March 31 2017 from being appointed as a director interms of sub-section (2) of section 164 of the Companies Act 2013. f) The company hasadequate internal financial controls system in place and these controls are operatingeffectively. g) With respect to the other matters to be included in the Auditor's Reportin accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in ouropinion and to the best of our information and according to the explanations given to us:I. The company does not have any pending litigations which would impact its financialposition. II. The company did not have any long-term contracts including derivativecontracts for which there were any material foreseeable losses; III. There were no amountswhich were required to be transferred to the

Investor Education and Protection fund by the company.

IV. The company has provided requisite disclosures in the financial statements as toholdings as well as dealings in specified Bank Notes during the period from 8th November2016 to 30th December 2016. Based on the audit procedures and relying on the managementrepresentation we report that the disclosures are in accordance with books of accountmaintained by the Company and as produced to us by the Management.

For Venkatesh&Co .
Chartered Accountants
F.R.No. 004636S
CA Dasaraty V
Place: CHENNAI M.No.026336
Date: 29/05/2017 Partner

1. Annexure A to Independent Auditors' Report

(Referred to in paragraph 1 under the heading of "Report on other Legal andRegulatory Requirements" of our Report of even date)

As required by the Companies (Auditor's Report) Order 2016 issued by the CentralGovernment in terms of section 143 (11) of the Companies Act 2013 and on the basis ofsuch checks of the books and records of the Company as we considered appropriate andaccording to the information and explanations given to us during the course of the auditwe report that

1. a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets on the basis of available information.

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

c) As per information provided to us title deeds of immovable properties are held inthe name of company.

2. In our opinion and according to the information and explanations given to us theinventories are purchased rights by the management and no material discrepancies werenoticed during the physical verification.

3. According to the information and explanations given to us there are transactions ofgranting loans to companies/firms or other parties covered in the register maintainedunder section 189 of the Companies Act 2013without stipulation as to the repayment ofprincipal and interest.

d) In the light of above we do not comment on terms and conditions of grant of suchloans.

e) In the light of above we do not comment on repayment of the principal amount andinterest.

f) In the light of above we do not comment on the reasonable steps have been taken bythe company for recovery of the principal and interest.

4. According to the explanations given to us there were no such cases of loansinvestments guarantees and security as mentioned in sections 185and 186 of Companies act2013. Hence we do not comment on compliance with the respective sections.

5. The Company has not accepted any deposits from the public. Therefore the provisionsof section 73 to Section 76 of the Companies Act 2013 and rules framed there under are notapplicable.

6. In our opinion and according to the explanations given to us maintenance of costrecords has not been specified by the Central Government under sub-section (1) of section148 of the Companies Act 2013.

7. a) According to the information and explanation given to us and according to thebooks and records as produced and examined by us in our opinion the Company is regularin depositing undisputed statutory dues such as income tax service tax cess and otherstatutory dues as applicable with the appropriate authorities.

b) According to the records of the Company and according to the information andexplanations given to us there are no dues of Income tax service tax on account of anydisputes.

8. According to the records of the company the company has borrowed from banks. In ouropinion the company has been regular in repayment of dues to the banks.

9. In our Opinion and according to the information and explanations given to us thecompany has not raised money by way of initial public offer or further public offer duringthe year. The Company's directors gone for offer to sale their Shares during the year. Inrespect of the term loans the company has obtained term loans. In our opinion the companyhas been regular in repayment of dues.

10. In our Opinion and according to information and explanations furnished to us nofraud on or by the Company has been noticed or reported during the year.

11. According to the information and explanations given to us the company has paid/provided managerial remuneration in accordance with provisions of Section 197 read withschedule V of Companies Act 2013.

12. As Company is not a Nidhi company we do not comment on Net Owned Funds to

Deposits ratio and unencumbered term deposits as specified in Nidhi Rules 2014

13. According to information and explanations given to us the Provisions of Section177 of

Companies Act 2013 are compiled by company. According to information and explanationsgiven to us transactions has been entered with related parties as specified in Section188 of Companies Act 2013 are duly disclosed in Books of Accounts.

14. The Company has not made any preferential allotment or Private placement of sharesor fully or partly convertible debentures during the year. Hence we do not comment onCompliance of section 42 of Companies Act 2013. 15. According to the information andexplanations given to us the Company has not entered into any non cash transactions withdirectors or persons connected with him. Hence we do not comment on Compliance of Section192 of Companies Act 2013.

16. The Company is not required to be registered under 45-IA of the Reserve bank ofIndia Act 1934.

For Venkatesh&Co .
Chartered Accountants
F.R.No. 004636S
CA Dasaraty V
Place: CHENNAI M.No.026336
Date: 29/05/2017 Partner