You are here » Home » Companies » Company Overview » Husys Consulting Ltd

Husys Consulting Ltd.

BSE: 532590 Sector: Others
NSE: HUSYS ISIN Code: INE336T01010
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Husys Consulting Ltd. (HUSYS) - Auditors Report

Company auditors report

To

The Members of

HUSYS CONSULTING LIMITED

Hyderabad.

Report on the Financial Statements

We have audited the acCompanying financial statements of HUSYS CONSULTING LIMITED(‘the Company') which comprise the Balance Sheet as at 31st March 2017 theStatement of Profit and Loss for the year then ended and a summary of SignificantAccounting 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 andpresentation of these financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company 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 (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditor's 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 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 misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the on the auditor's judgment including the assessment of the risksfinancial of material misstatement of the financial statements whether due to fraud orerror. In making those risk assessments the auditor considers internal financial controlrelevant to the Company's preparation of the financial statements that give a true andfair view in order to design audit procedures that are appropriate in the circumstancesbut not for the purpose of expressing an opinion on whether the Company has in place anadequate internal financial controls system over financial reporting and the operatingeffectiveness of such controls. An audit also includes evaluating the appropriateness ofthe accounting policies used and the reasonableness of the accounting estimates made bythe Company's Directors as well as evaluating the overall presentation of the financialstatements.

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 31 stMarch 2017 and its Profit 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 sub-section (11) of section 143 ofthe Act we give in the paragraph 3 and 4 of the Order to the extent applicable. that: 2.AsrequiredbySection 143(3) (a) We have sought and obtained all the information andexplanationswhich to the best of our knowledge and belief were necessary for the purposesof our audit. (b) In our opinion proper books of account as required by law have been keptby the Company so far as it appears from our examinationof those books; (c) The balancesheet the statement of profit and loss dealt with by this Report are in agreement withthe books of account; (d) In our opinion the aforesaid financial statements comply withthe Accounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014; (e) On the basis of the written representations receivedfrom the Directors as on 31 stMarch 2017 taken on record by the Board of Directors noneof the directors is disqualified as on 31st March 2017 from being appointed as a directorin terms of Section 164 (2) of the Act; and (f) With respect to the other matters to beincluded in the Auditor's Report in accordance with Rule 11 of the Companies (Audit andAuditors) Rules 2014 in our opinion and to the best of our information and according tothe explanations given to us: i. The Company does not have any pending litigations whichwould impact its financial position. ii. The Company did not have any long-term contractsincluding derivatives contracts for which there were any material foreseeable losses iii.There were no amounts which required to be transferred to the Investor Education andProtection Fund by the Company.

for JBRK & Co.
Chartered Accountants
Firm's Regd.No. 005775S
sd/-
(CA. Sai Bhaskar K)
Partner
Membership number: 201048
Hyderabad
Date: 30-05-2017

ANNEXURE TO THE INDEPENDENT AUDITORS' REPORT

The Annexure referred to in our Independent Auditors' Report to the Members of theCompany on the financialstatements for the year ended 31st March 2017 we report that:

i. a. The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets. b. The Company has a regular programmeof physical verification of its fixed a phased manner over a period of three years. Inaccordance with this programme certain fixed assets were verified during the year and nomaterial discrepancies were noticed on such verification. In our opinion this periodicityof physical verification is reasonable having regard to the size of the Company and thenature of its assets.

ii. The Company is not into trading activity. Hence this clause is not applicable. iii.According to the information and explanation given to us the Company has not granted anyloans secured or unsecured to or from companies firms or other parties in the registerrequired to be maintained under section 189 of the Act accordingly paragraph (iii) of theorder is not applicable. iv. In our opinion and according to the information andexplanations given to us there is an adequate internal control system commensurate withthe size of the Company and the nature of its business with regard to purchase of fixedassets and sale of services. The activities of the Company do not involve purchase ofgoods. We have not observed any major weakness in the internal control system during thecourse of the audit. v. The Company has not accepted any deposits from the public inaccordance with the provisions of section73 to 76 of the act and rules framed there under.vi. The Central Government has not prescribed the maintenance of cost records undersection148(1) of the Act for any of the services rendered by the Company. vii. Accordingto the information and explanations given to us andon the basis of our examination of therecords of the Company amounts deducted/ accrued in the books of account in respect ofundisputed statutory dues including Provident fund Income Tax Sales Tax Wealth TaxService Tax duty of Customs Value added tax Cess and other material statutory dues havebeen regularly deposited during the year by the Company with the appropriate authorities.viii. a. According to the information and explanations given to us no undisputed amountspayable in respect of Provident fund Income Tax Sales Tax Wealth Tax duty of CustomsValue added tax Cess and other material statutory dues were in arrears as at 31stMarch2017 for a period of more than six months from the date they became payable. b. Accordingto the information and explanations given to us there are no material dues of Wealth taxduty of Customs and Cess which have not been deposited with the appropriate authorities onaccount of any dispute. c. According to the information and explanations given to us theamounts which were required to be transferred to the Investor Education and ProtectionFund in accordance with the relevant provisions of the Companies Act 2013 (18 of 2013)and rules there under has been transferred to such fund within time

ix. The Company does not have any accumulated losses at the end of the financialyearand has not incurred cash losses in the financial financialyear . andtheimmediatelypreceding x. In our opinion and according to the information and explanationto us the year in repayment of dues to its financialinstitutions and bankers. The Companydid not have any outstanding debentures during the year. xi. In our opinion and accordingto the information and the explanationsgiven to us the Company has not given anyguarantee for loans taken by others from banks or financial institutions. xii. The Companydid not have any term loans outstanding during the year. xiii. According to theinformation and explanations given to us no material fraud on or by the Company has beennoticed or reported during the course of our audit.

For JBRK & Co.
Chartered Accountants
Firm's Regd.No. 005775S
sd/-
(CA. Sai Bhaskar K)
Partner
Membership number: 201048
Hyderabad
Date: 30-05-2017