You are here » Home » Companies » Company Overview » Dolphin Medical Services Ltd

Dolphin Medical Services Ltd.

BSE: 526504 Sector: Health care
NSE: N.A. ISIN Code: INE796B01013
BSE LIVE 19:14 | 19 Oct 1.10 0
(0.00%)
OPEN

1.10

HIGH

1.10

LOW

1.10

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.10
PREVIOUS CLOSE 1.10
VOLUME 500
52-Week high 2.22
52-Week low 0.84
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.10
Sell Qty 100.00
OPEN 1.10
CLOSE 1.10
VOLUME 500
52-Week high 2.22
52-Week low 0.84
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.10
Sell Qty 100.00

Dolphin Medical Services Ltd. (DOLPHINMEDICAL) - Auditors Report

Company auditors report

DOLPHIN MEDICAL SERVICES LIMITED ANNUAL REPORT 2011-2012 AUDITORS' REPORT To The Members of M/s. Dolphin Medical Services Ltd. 1. We have audited the attached Balance Sheet of M/s. Dolphin Medical Services Limited, as at 31st March, 2012, the Profit and Loss Account and also the Cash Flow Statement 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 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 misstatement. 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 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) Order (Amendment) 2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure 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 above, we report that: a) We have obtained all the information and explanations, which to the best of 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 the company so far as appears from our examination of those books;. c) The Balance Sheet and Profit & Loss account dealt with by this report are in agreement with the books of account. d) In our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report comply with the accounting standards referred in sub-section (3C) of section 211 of the Companies Act, 1956; e) On the basis of written representation received from the directors, as on 31st March, 2012, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March, 2012, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956; f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: i) in the case of the Balance Sheet, of the state of affairs of the company as at 31st March, 2012; ii) in the case of the Profit and Loss Account, of the loss for the year ended on that date; and iii) in the case of the Cash Flow Statement, of the Cash Flows for the year ended on that date. for PINNAMANENI & Co., Chartered Accountants, Place:Hyderabad Date :15.08.2012 Sd/- P.V.V. SATYANARAYANA Partner ANNEXURE TO THE REPORT OF THE AUDITORS Referred to in Paragraph 1 of our report of even date. 1.1 The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. 1.2 The fixed assets have been physically verified by the management during the period and no serious discrepancies have been noticed on such verification. 1.3 The Company not disposed substantial part of the fixed assets during the period and hence do not affect going concern status of the company. 2.1 The stock of inventory have been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. 2.2 In our opinion, the procedures of physical verification of inventory followed by the management are reasonable and adequate considering the size of the Company and the nature of its business. 2.3 No material discrepancies have been noticed on physical verification of stocks as compared to book records in so far as appears from our examination of the books. 03. According to the information and the explanations given to us, the Company has not granted any loans secured or unsecured to companies, firms or other parties to be listed in the Register to be maintained under section 301 of the Companies Act, 1956. Accordingly the provisions of clauses 4(iii)(b), 4(iii)(c) & 4(iii)(d) order are not applicable. 04. In our opinion and according to the information and explanations given to us, there are adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in internal controls system. 05. According to the information and explanations given to us, we are of the opinion that the company has not purchased any goods, materials and had not sold goods, materials and services in pursuance of contracts or arrangements to be entered in the register to be maintained U/S 301 of the Companies Act, 1956. Accordingly clause 4(v)(b) is not applicable. 06. In our opinion and according to the information and explanations given to us and as shown by the books of accounts, the Company has not accepted deposits within the meaning Section 58A, 58AA or any other relevant provisions of the Companies Act, 1956. Hence compliance of provisions of Section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 does not arise. 07. In our opinion that the Company has an Internal Audit system commensurate with its size and nature of its Business. 08. We have been informed by the Company that the Central Government had not prescribed any cost records U/s. 209(1)(d) of the Companies Act, 1956 and hence the Company did not maintain any cost records. 9.1 According to the books and records examined by us and the information and explanations given to us, the company is regular in depositing with appropriate authorities the undisputed statutory dues payable in respect of Income-tax, Wealth-tax, Sales-tax, Service-tax, customs duty and excise duty which have remained outstanding as at 31st March, 2012 for a period exceeding six months from the date they became payable. 9.2 According to the books and records examined by us and the information and explanations given to us, there were no disputed amounts which are not deposited payable in respect of Income-tax, Wealth-tax, Sales-tax, Services-tax, customs duty and excise duty which have remained outstanding as at 31st March, 2012 for a period exceeding six months from the date they became payable. 10. The Company has accumulated losses at the end of the financial year. Further the Company has not incurred any cash losses during the financial year and in the immediately preceding financial year. 11. In our opinion and according to the information and explana-tions furnished to us by the Company, there were no defaults in repayment of its dues to financial institution during the year. The Company has not issued any debentures. 12. According to the books and accounts examined by us and the information and explanations given to us, the Company has not granted any loans and advances against security by way pledge of shares, debentures and other securities. 13. The company is not a chit fund, nidhi, mutual benefit fund or a society. Accordingly, the provisions of clause 4(xiii) of the Order is not applicable. 14. According to the information and explanations given to us, the company is not dealing or trading in shares, securities, debentures and other investments. Accordingly, the provisions of clause 4(xiv) of the Order, is not applicable. 15. According to the information and explanations given to us, the company has not given any guarantee for loans taken by others from bank or financial institutions. 16. According to the books and records examined by us, and information and expiations given to us, the company has defaulted the repayment of the term loan of Rs.665.45 lakhs availed from Canara Bank, Industrial Finance Branch, Hyderabad. The said bank has recalled the entire debt vide its notice No. CR 97/573/2011/IFBHYD dated 30th November 2011 and therefore the total debt of Rs.7,64,57,273/- outstanding in the books of account is overdue. 17. According to the information and explanations given to us, and books and records examined by us, no funds raised on short-term basis have been utilised for long-term investment. 18. According to the information and explanations given to us, and books and records examined by us, 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. According to the information and explanations given to us, the company has not issued debentures during the period under audit. Accordingly, the provisions of clause 4(xix) of the Order, is not applicable. 20. The company has not issued any money by public issues during the year. 21 During the course of our examination of the accounts of the Company in accordance with generally accepted auditing practices, we have not come across any instances of fraud on or by the Company, nor we have been informed by the management, of any such instance being the noticed or reported during the year. for PINNAMANENI & Co., Chartered Accountants, Place:Hyderabad Date :15.08.2012 Sd/- P.V.V. SATYANARAYANA Partner