You are here » Home » Companies » Company Overview » Enterprise International Ltd

Enterprise International Ltd.

BSE: 526574 Sector: Others
NSE: N.A. ISIN Code: INE439G01019
BSE LIVE 15:15 | 11 Aug 5.77 -0.29
(-4.79%)
OPEN

5.77

HIGH

5.77

LOW

5.77

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.77
PREVIOUS CLOSE 6.06
VOLUME 50
52-Week high 11.31
52-Week low 3.29
P/E 17.48
Mkt Cap.(Rs cr) 2
Buy Price 5.77
Buy Qty 151.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.77
CLOSE 6.06
VOLUME 50
52-Week high 11.31
52-Week low 3.29
P/E 17.48
Mkt Cap.(Rs cr) 2
Buy Price 5.77
Buy Qty 151.00
Sell Price 0.00
Sell Qty 0.00

Enterprise International Ltd. (ENTERPRISEINTL) - Auditors Report

Company auditors report

To the Members of

ENTERPRISE INTERNATIONAL LIMITED Report on the Financial Statements

We have audited the accompanying financial statements of ENTERPRISE INTERNATIONALLIMITED ("the Company")which comprise the Balance Sheet as at 31 March 2015the Statement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the significant accounting policies and other explanatory 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 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flow of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014 (asamended). This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company;preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

1. 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 thereunder.

2. 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 misstatements.

3. An audit involves performing procedures to obtain audit evidence about the amountsand the disclosures in the financial statements. The procedures selected depend on theauditors'judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments the

auditor considers internal financial controls relevant to the Company's preparation ofthe financial statements that give 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 the accounting policies used andthe reasonableness of the accounting estimates made by the Company's Directors as well asevaluating the overall presentation of the financial statements.

4. 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 & fair view in conformity with theaccounting principles generally accepted in India of the state of affairs of the Companyas at 31 March 2015 and its profit and its cash flow for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in terms of Section 143(11) of the Act we givein the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by Section 143(3)oftheAct 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 the Profit and Loss Statement and the Cash Flow Statement dealtwith by 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 (as amended);

e) on the basis of the written representations received from the directors as on 31March 2015 and taken on record by the Board of Directors none of the directors isdisqualified as on 31 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 Auditors) Rule 2014 in our opinionand 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 derivative contracts forwhich there were any material foreseeable losses;

iii) there were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For K M TAPURIAH & CO

(Chartered Accountants) Firm's Registration No. : 314043E

Place : Kolkata Date : 29th May 2015

K M TAPURIAH

(Partner) Membership No. : 051509

Annexure to the Independent Auditors' Report of even date to the members of ENTERPRISEINTERNATIONAL LIMITED on the financial statements for the year ended 31st March 2015.

Based on the audit procedures performed for the purpose of reporting a true and fairview on the financial statements of the Company and taking into consideration theinformation and explanations given to us and the books of account and other recordsexamined by us in the normal course of audit we report that:

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

quantitative details and situation of fixed assets.

(b) The fixed assets have been physically verified by the management during the yearand no material discrepancies were noticed on such verification. In our opinion thefrequency of verification of the fixed assets is reasonable having regard to the size ofthe Company and the nature of its assets.

(ii) (a) The management has conducted physical verification of inventory at reasonable

intervals during the year.

(b) The procedures of physical verification of inventory followed by the management arereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

(c) The Company is maintaining proper records of inventory and no materialdiscrepancies between physical inventory and book records were noticed on physicalverification.

iii) The Company has not given any loan secured or unsecured to companies firms orother parties covered in the register maintained under Section 189 of the Act. Accordinglyparagraphs 3(iii)(a) and 3(iii)(b) of the Companies (Auditor's Report) Order 2015 are notapplicable to the Company

(iv) In our opinion there is an adequate internal control system commensurate with thesize of the Company and the nature of its business for the purchase of inventory and fixedassets and for the sale of goods and services. During the course of our audit no majorweakness has been noticed in the internal control system in respect of these areas

(v) The Company has not accepted any deposits within the meaning of Sections 73 to 76of the Act and the Companies (Acceptance of Deposits) Rules 2014 (as amended).Accordingly the provisions of clause 3(v) of the Order are not applicable.

(vi) To the best of our knowledge and belief the Central Government has not specifiedmaintenance of cost records under sub-section (1) of Section 148 of the Act in respect ofCompany's products/ services . Accordingly the provisions of clause 3(vi) of the orderare not applicable.

(vii) (a) The Company is regular in depositing undisputed statutory dues includingprovident fund employees' state insurance income-tax sales-tax wealth tax servicetax duty of customs duty of excise value added tax cess and other material statutorydues as applicable with the appropriate authorities. Further no undisputed amountspayable in respect thereof were outstanding at the year-end for a period of more than sixmonths from the date they become payable.

(b) The dues outstanding in respect of income-tax sales-tax wealth tax service taxduty of customs duty of excise value added tax and cess that have not been depositedwith the appropriate authorities on account of any dispute are as under:

Statute Nature of Dues Forum where Dispute is pending Period to which the amount relates Amount

Involved Rs. in lakhs

Financial Year
Custom

Custom Duty

Commissioner of 2009- 10 2010 - 11
Tariff Act Customs 2011 - 12 2012- 13 1138.64
2013- 14 2014- 15

(c) There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company in accordance with the relevant provisions ofthe Companies Act 1956 (1 of 1956) and rules made thereunder. Accordingly the provisionsof clause 3(vii)(c) of the Order are not applicable.

(viii) In our opinion the Company has no accumulated losses at the end of thefinancial year and it has not incurred cash losses in the current and the immediatelypreceding financial year.

(ix) In our opinion the Company has not defaulted in repayment of dues to anyfinancial institution or a bank or to debenture-holders during the year.

(x) The Company has not given any guarantees for loans taken by-others from banks orfinancial institutions. Accordingly the provisions of clause 3(x) of the Order are notapplicable.

(xi) The Company did not have any term loans outstanding during the year. Accordinglythe provisions of clause 3(xi) of the Order are not applicable.

(xii) No fraud on or by the Company has been noticed or reported during the periodcovered by our audit.

For K M TAPURIAH & CO

(Chartered Accountants) Firm's Registration No. : 314043E

Place : Kolkata Date : 29th May 2015

K M TAPURIAH

(Partner) Membership No. : 051509