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Jyotirgamya Enterprises Ltd.

BSE: 539246 Sector: Others
NSE: N.A. ISIN Code: INE805R01018
BSE LIVE 11:04 | 23 Mar Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.77
PREVIOUS CLOSE 13.12
VOLUME 11000
52-Week high 13.77
52-Week low 13.77
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 13.77
CLOSE 13.12
VOLUME 11000
52-Week high 13.77
52-Week low 13.77
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jyotirgamya Enterprises Ltd. (JYOTIRGAMYAENT) - Auditors Report

Company auditors report

TO THE MEMBERS OF JYOTIRGAMYA ENTERPRISES LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of M/s Jyotirgamya EnterprisesLimited ("the Company") which comprise the Balance Sheet as at March 31 2017the Statement of Profit and Loss and the Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.

Managements responsibility for the Financial Statements

Management is responsible for the matters stated in section 134 (5) of the CompaniesAct "the Act" with respect to the preparation of these financial statements thatgive a true and fair view of the financial position financial performance and cash flowsof the Company in accordance with the accounting principles generally accepted in Indiaincluding the Accounting Standards specified under Section 133 of the Act read with Rule7 of the Companies (Accounts) Rules 2014. This responsibility also includes maintenanceof adequate accounting records in accordance with the provisions of the Act forsafeguarding the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent and design implementation andmaintenance of adequate internal financial controls that were 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

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 as 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 involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgement including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used

and the reasonableness of the accounting estimates made by management as well asevaluating the overall 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 of the state of affairs of the Company as at March31 2017 its loss and its cash flows for the year ended on that 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 of theAct

we give in the 'Annexure A' statement on the matters specified in paragraph 3 & 4of the

order.

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

(a) we have obtained all the information and explanations which to the best of ourknowledge 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 appears from our examination of those books

(c) 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.

(d) in our opinion the Balance Sheet Statement of Profit and Loss and Cash Flowcomply with the Accounting Standards specified under section 133 of the Companies Act2013 read with Rule 7 of the Companies (Accounts) Rule2014;

(e) on the basis of written representations received from the Directors as on March 312017 and taken on record by the Board of Directors none of the Directors is disqualifiedas on March 31 2017 from being appointed as a Director in terms of subsection (2) ofsection 164 of the Companies Act 2013.

(f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate report in 'Annexure B'; and

(g) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 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.

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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.

iv. The company has provided requisite disclosures in its financial statements as toholdings as well as dealings in Specified Bank Notes during the period from 8th November2016 to 30th December 2016 and they are in accordance with the books of accountsmaintained by the company.

For M. S. CHOUDHARY & ASSOCIATES

Chartered Accountants

FRN - 025255N

Sd/-

Madhu Sudan Choudhary

Proprietor

Membership No.: 073229

Place: New Delhi

Date : 29th May 2017

ANNEXURE A TO THE AUDITORS' REPORT

Statement referred to in Paragraph 1 of the Auditors Report of even date to the membersof M/s Jyotirgamya Enterprises Limited on accounts for the year ended 31stMarch 2017.

On the basis of such checks as we considered appropriate and according to theinformation and explanation given to us during the course of our audit we report that:

(i) (a) The company is maintaining proper records of fixed assets showing fullparticulars

including quantitative details and situation of fixed assets.

(b) The fixed assets have been physically verified by the management at reasonableintervals. In our opinion frequency of verification is reasonable according to the natureand size of the business.

(c) the company does not own any immovable property. Hence this clause is notapplicable to the company.

(ii) The inventory has been physically verified during the year by the management. Inour opinion the frequency of verification is reasonable. The Company is maintainingproper records of inventory. There were no discrepancies noticed on verification betweenthe physical stock and the book records.

(iii) (a)As informed to us the Company has granted unsecured Loan to two bodiescorporate covered in the register maintained under Section 189 of the Companies Act 2013('the Act').

(b) In the case of the loans granted to bodies corporate listed in the registermaintained under section 189 of the Act the borrowers have been regular in the payment ofthe interest as stipulated. The terms of arrangements do not stipulate any repaymentschedule and the loans are repayable on demand. Accordingly paragraph 3(iii)(b) of theOrder is not applicable to the company in respect of repayment of the principal amount.

(c) No amounts were over due for more than Rs.lLakh in respect of loans granted tobodies corporate listed in the register maintained u/s 189 of the Act.

(iv) As informed to us the company has not made any loans investments guarantees andsecurity under section 185 & 186 of the companies act 2013

(v) As per the information and explanations given to us we are of the opinion that thecompany has not accepted any deposits during the year which are covered under thedirectives issued by Reserve Bank of India and the provisions of sections 73 & 76 ofthe Companies Act 2013.

(vi) Provisions of maintenance of cost records as per section 148(1) of the CompaniesAct 2013 are not applicable to the company.

(vii) (a) According to the records of the Company the Company is regular in depositingundisputed statutory dues including Income Tax Service Tax Cess and any other statutorydues applicable to it. There are no such dues outstanding as at the end of year for aperiod of more than six months from the date these became payable.

(b) The Company does not have any dues of Income Tax Sales Tax Wealth Tax ServiceTax which are under disputes and unpaid.

(viii) In our opinion and according to the information and explanations given to usthe company has not defaulted in repayment of dues to a financial institutions bank ordebenture holders.

(ix) In our opinion and according to the information and explanations given to us thecompany has not raised any term loan during the year.

(x) In our opinion and according to the information and explanation given to us wehave neither come across any incidence of fraud on or by the company nor we have beeninformed of any such case by the management.

(xi) As per the information and explanation given to us we are of the opinion that thecompany has paid no remuneration during the year. Accordingly the clause (xi) of thereport is not applicable.

(xii) As per the information and explanation given to us we are of the opinion thatthe company is not a Nidhi Company. Accordingly the clause (xii) of the report is notapplicable.

(xiii) As per the information and explanation given to us we are of the opinion thatall the transactions with the related parties are in compliance with the section 177 and188 of the Companies Act 2013 and accordingly the details of the same are disclosed inthe financial statements.

(xiv) As per the information and explanation given to us we are of the opinion thatthe company has not made any preferential allotment or private placement of shares.Accordingly the clause (xiv) of the report is not applicable.

(xv) As per the information and explanation given to us we are of the opinion that thecompany has not entered under any transactions as specified under section 192 of theCompanies Act 2013. Accordingly the clause (xv) is not applicable.

(xvi) As per the information and explanation given to us we are of the opinion thatthe company is not required to be registered under section 45-IA of the Reserve Bank ofIndia Act 1934.

For M. S. CHOUDHARY & ASSOCIATES

Chartered Accountants

FRN - 025255N

Sd/-

Madhu Sudan Choudhary Proprietor

Membership No.: 073229

Place: New Delhi

Date : 29* May 2017

ANNEXURE B TO THE AUDITOR'S REPORT

Report on the Internal Financial Controls under Clause (i) of sub-section 3 of section143 of the Companies Act 2013 ('the Act')

We have audited the internal financial controls over financial reporting of JyotirgamyaEnterprises Limited ("the Company") as of 31st March 2017 inconjunction with our audit of the standalone financial statements of the Company for theyear ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India. These responsibilities includethe design implementation and maintenance of adequate internal financial controls thatwere operating effectively for ensuring the orderly and efficient conduct of its businessincluding adherence to company's policies the safeguarding of its assets the preventionand detection of frauds and errors the accuracy and completeness of the accountingrecords and the timely preparation of reliable financial information as required underthe Companies Act 2013

Auditor's Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the "Guidance Note") and the Standards on Auditing issued by the Institute ofChartered Accountants of India as prescribed under Section 143(10) of the Companies Act2013 to the extent applicable to an audit of internal financial controls. Those Standardsand the Guidance Note require that we comply with ethical requirements and plan andperform the audit to obtain reasonable assurance about whether adequate internal financialcontrols over financial reporting was established and maintained and if such controlsoperated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor's judgment including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that (1) pertain to the maintenance ofrecords that in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the company (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures of the company are being made only in accordance with authorizations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of thecompany's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion to the best of our information and according to the explanations givento us the Company has in all material respects an adequate internal financial controlssystem over financial reporting and such internal financial controls over financialreporting were operating effectively as at 31sl March 2017 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India.

For M. S. CHOUDHARY & ASSOCIATES

Chartered Accountants

FRN - 025255N

Sd/-

Madhu Sudan Choudhary

Proprietor

Membership No.: 073229

Place: New Delhi

Date : 29th May 2017