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Khator Fibre & Fabrics Ltd.

BSE: 521127 Sector: Industrials
NSE: N.A. ISIN Code: INE964G01016
BSE LIVE 11:41 | 16 Nov 23.00 -1.20
(-4.96%)
OPEN

25.00

HIGH

25.00

LOW

23.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 25.00
PREVIOUS CLOSE 24.20
VOLUME 270
52-Week high 25.00
52-Week low 8.62
P/E 10.75
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 23.00
Sell Qty 1601.00
OPEN 25.00
CLOSE 24.20
VOLUME 270
52-Week high 25.00
52-Week low 8.62
P/E 10.75
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 23.00
Sell Qty 1601.00

Khator Fibre & Fabrics Ltd. (KHATORFIBRE) - Auditors Report

Company auditors report

AUDITOR

To

The Members of

Khator Fibre & Fabrics Ltd.

Jaipur

Report on the Financial Statements

We have audited the accompanying financial statements of Khator Fibre & FabricsLtd. ("the Company") which comprise the Balance Sheet as at March 31 2014and the Statement of Profit and Loss and Cash Flow Statement for the year ended and asummary of significant accounting policies and other explanatory information.

Management's Responsibility for Financial Statements

Management is responsible for the preparation of these financial statement-0 that givea true and fair view of the financial position financial performance and cash flows ofthe Company in accordance with accounting principles generally accepted in Indiaincluding the Accounting Standards notified under the Companies Act 1956 read withGeneral Circular 15/2013 dated 13th September 2013 issued by the Ministry of CorporateAffairs in respect of Section 133 of the Companies Act 2013. This responsibilityincludes the design implementation and maintenance of internal control 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 conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. 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'sjudgment 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 but not for the purpose of expressing an opinion on the effectiveness of theentity's internal control.

An audit also includes evaluating the appropriateness of accounting policies used andthe reasonableness of the accounting estimates made by management as well as evaluatingthe overall presentation of the financial statements. We believe that the audit evidencewe have obtained is sufficient and appropriate to provide 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 theCompanies Act 1956 ("the Act")in the manner so required and give a true andfair view in conformity with the accounting principles generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March31 2014;

b) in the Case of the Statement of Profit and Loss of the profit for the year ended onthat date;

c) in the case of Cash Flow Statement of the cash flows for the year ended on thatdate

Report on other Legal and Regulatory Requirements

1.As required by the Companies (Auditor's Report) Order 2003 ("the Order")issued by the Central Government of India in terms of section 227 (4A) of the Act we givein the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2.As required by section 227(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 Statement of Profit and Loss dealt with by this Report are inagreement with the books of account.

d) In our opinion the Balance Sheet Statement of Profit and Loss comply with theAccounting Standards notified under the Companies Act 1956 read with General Circular15/2013 dated 13thSeptember 2013 issued by the Ministry of Corporate Affairs in respectof Section 133 of the Companies Act 2013;

e) On the basis of written representations received from the directors as on March 312014 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 312014 from being appointed as a director in terms of section 274 (1)(g) ofthe Act 1956.

FOR S.R. GOYAL & CO
CHARTERED ACCOUNTANTS
FRNO-001537C
Sd/-
A. K. Atolia
Camp: Mumbai Partner
Date: 30/05/2014 M. No. 77201

Referred to in paragraph 1 under the heading of "Report on other Legal andRegulatory Requirements" of our report of even date

i) a. The Company has maintained proper records snowing full particulars includingquantitative details and situation of fixed assets.

b. AII the assets have been physically verified by the management during the year andno material discrepancies were noticed on such verification as compared with availablerecord.

c. The company has not disposed off any substantial part of its fixed assets during theyear.

ii). a. The stock of finished goods stores spare parts and materials have beenphysically verified during the year by the management.

b. The procedure of physical verification of stocks followed by the management arereasonable and adequate in relation to the size of the company and nature of its business.

c. The company is maintaining proper records of Inventory. The discrepancies noticed onverification between the physical stock and books records were not material.

iii) We have been informed that the Company has neither granted nor taken any loanssecured or unsecured to or from companies firms or other parties listed in the Registermaintained under section 301 of the Companies Act 1956. Accordingly clause 4(iii) (b) to(d) of the order are not applicable.

iv). According to the information and explanations given to us and the records verifiedby us there is adequate internal control procedure commensurate with the size of thecompany and nature of its business.

v). There are no transaction during the year of purchase of stores raw materials orcomponents and sale of goods and materials (there being no sale of services) made inpursuance of contracts or agreements entered in the register maintained u/s 301 of theCompanies Act 1956 as is evident from the said register.

vi). As informed to us the Company has not accepted any deposit from the public duringthe year within the meaning of section 58A or 58AA of the Companies Act1956 and the rulesframed there under. Therefore the directives issued by the reserve bank of India are notapplicable.

vii) In our opinion the internal audit system is commensurate with the size of theCompany and the nature of its business

viii). As per information and explanations given to us the cost records as prescribedby the Central Government u/s 209(1)(d) of the Companies Act 1956 in respect of processhouse are being made and maintained. We have however not made a detailed examination ofthe said records with a view to determine whether they are accurate or complete.

ix) a. According to the records of the Company the company is generally regular indepositing undisputed statutory dues applicable to it.

b. According to the information and explanation given to us there are no dues inrespect of Income tax wealth tax excise duty custom duty service tax and cess thathave not been deposited with the appropriate authorities on account of any dispute.

x). The company does not have accumulated losses therefore clause 4(x) of the order isnot applicable.

xi). The company has not defaulted in repayment of any dues to financial institution/bank. The company has not issued any debentures.

xii). The company has not granted loans and advances on the basis of security by way ofpledge of shares debentures and other securities. Accordingly clause 4(xii) of the orderis not applicable.

xiii). The company is not a chit fund or a nidhi mutual benefit fund/society.Accordingly clause 4(xiii) of the order is not applicable.

xiv). The company is not dealing in or trading in shares securities debentures andother investments. Accordingly clause 4(xiv) of the Order is not applicable.

xv). According to the information and explanation given to us the terms and conditionson which the company has given guarantees for loans taken by others from banks orfinancial institutions are not prima facie prejudicial to the interest of the company.

xvi). In our opinion on the basis of information and explanation given to us the termloans were applied for the purpose for which the loans were obtained.

xvii). On the basis of an overall examination of the balance sheet of the company nofunds raised on short term basis have been used for long term investment or vice versa.

xviii). The company has not made any preferential allotment of shares accordinglyclause 4(xviii) of the order is not applicable.

xix). The company has not issued any debentures. Accordingly clause 4(xix) of the Orderi s not applicable.

xx). The company has not raised any money by public issue during the year. Accordinglyclause 4(xx) of the Order is not applicable.

xxi) According to the information and explanations given to us no fraud on or by thecompany has been noticed or reported during the year.

FORS.R.GOYAL&CO.
CHARTEREDACCOUNTANTS
FRNO-001537C
Sd/-
A. K. Atolia
Camp: Mumbai Partner
Date: 30/05/2014 M. No. 77201