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Dynamic Microsteppers Ltd.

BSE: 531330 Sector: Others
NSE: N.A. ISIN Code: INE443N01017
BSE LIVE 12:39 | 17 Jul Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 9.75
PREVIOUS CLOSE 9.29
VOLUME 1000
52-Week high 9.75
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.75
Sell Qty 100.00
OPEN 9.75
CLOSE 9.29
VOLUME 1000
52-Week high 9.75
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.75
Sell Qty 100.00

Dynamic Microsteppers Ltd. (DYNAMICMICRO) - Auditors Report

Company auditors report

Report on Financial Statements

1. We have audited the accompanying financial statements of DYNAMIC MICROSTEPPERSLIMITED (“ the Company”) which comprises the Balance Sheet as at 31stMarch 2015 and the Statement of Profit and Loss and Cash Flow Statement for the yearended and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

2. The management and Board of Directors of the Company are responsible for the matters

stated in Section 134(5) of the Companies

Act 2013 (‘the act’) with respect to the preparation of these fianacialstatements that give a true and fair view of the financial position financial performanceand cash flows of the Company in accordance with the accounting principles generallyaccepted in India including the Accounting Standards specified under section 133 of theAct read with rule 7 of Companies (Accounts) Rules 2014. This responsibility includesmaintenance of adequate accounting records in accordance with the provisions of the actfor safeguarding the assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgements and estimates that are reasonable and prudent; design implementation andmaintenance of adequate internal financial controls that are operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.

Auditor’s Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit. We have taken into account the provisons of the Act the accounting andauditing standards

and matters which are required to be included in the audit report under the provisionsof the Act and the Rules made thereunder. We conducted our audit in accordance with theStandards on Auditing specified under Section 143(10) of the Act. Those standards requirethat we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from materialmisstatement.

4. An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the financial statements. The procedures selected depend on theauditor’s judgement including the assessment of the risks of material misstatementof the financial statements whether due to fraud or error. In making those riskassessments the auditor considers internal financial control relevant to theCompany’s preparation of the financial statements that give a true and fair view inorder to design audit procedures that are appropriate I the circumstances but not for thepurpose of expressing an opinion on whether the Company has in place adequate internalfinancial controls system over financial reporting and the operating effectiveness of suchcontrols. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by the Company’smanagement and Board of Directors as well as evaluating the overall financial statementpresentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.

Opinion

6. 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 its profit/ loss and its cash flows for the year ended on that date.

Report on Other Legal & Regulatory Requirements

7. As required by the Companies (Auditor’s Report) Order 2015 (‘theorder”) issued by the Central Government in terms of sub-section (11) of section 143of the Act we give in the Annexure a statement on the matters specified in paragraphs 3and 4 of the Order.

8. As required by section 143(3) of the Act we further report that:

(i) 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.

(ii) In our opinion proper books of accounts as required by law have been kept by thecompany so far as appears from our examination of those books.

(iii) The Balance Sheet the Statement of Profit and Loss and Cash Flow Statement dealtwith by this report are in agreement with the books of account.

(iv) In our opinion the aforesaid financial statements comply with the applicableAccounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

(v) On the basis of the written representation received from the Directors as on 31stMarch 2015 and 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

(vi) In our opinion and to the best of our information and according to theexplanations given to us we report as under with respect to other matters to be includedin the Auditor’s Report in accordance with Rule 11 of the Companies (Audit andAuditors) Rules 2014:

(a) The Company does not have any pending litigations which would impact its financialposition.

(b) The Company did not have any long term contracts including derivative contracts assuch the question of commenting on any material forseeable losses thereon does not arise.

(c) There has not been an occasion in case of the Company during the year under reportto transfer any sums to the Investor Education and Protection Fund. The question of delayin transferring such sums does not arise.

.for: P.JASANI & ASSOCIATES

[Chartered Accountants] FRN:-116628W

Place : MUMBAI Date : 30.05.2015

P.R. JASANI (Partner) Mem. No. 032477