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Kintech Renewables Ltd.

BSE: 512329 Sector: Infrastructure
NSE: N.A. ISIN Code: INE385F01016
BSE LIVE 12:42 | 20 Dec Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 42.20
PREVIOUS CLOSE 40.20
VOLUME 2
52-Week high 42.20
52-Week low 27.35
P/E 12.34
Mkt Cap.(Rs cr) 4
Buy Price 42.20
Buy Qty 198.00
Sell Price 0.00
Sell Qty 0.00
OPEN 42.20
CLOSE 40.20
VOLUME 2
52-Week high 42.20
52-Week low 27.35
P/E 12.34
Mkt Cap.(Rs cr) 4
Buy Price 42.20
Buy Qty 198.00
Sell Price 0.00
Sell Qty 0.00

Kintech Renewables Ltd. (KINTECHRENEW) - Auditors Report

Company auditors report

AUDITORS

To the members

JARIGOLD TEXTILES LIMITED

1. We have audited the attached Balance sheet of JARIGOLD TEXTILES LIMITED as at31st March 2014 and also the Profit and Loss Account and the Cash FlowStatement for the year ended on that date annexed thereto. These financial statements arethe responsibility of the Company's management. Our responsibility is to express anopinion on these financial statements based on our audit.

2. We conducted our audit in accordance with the auditing standards generally acceptedin India. Those standards require that We plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of material misstatement. Anaudit includes examining on a test basis evidence supporting the amounts and disclosuresin the financial statements. An audit also includes assessing the accounting principlesused and significant estimates made by management as well as evaluating the overallfinancial statement presentation. We believe that our audit provides a reasonable basisfor our opinion.

3. As required by the Companies (Auditors' Report) Order 2003 as amended by theCompanies (Auditor's Report) (Amendment) Order 2004 issued by the Central Government interms of sub-section (4A) of section 227 of the Companies Act 1956 I enclose in theAnnexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Further to our comments in the Annexure referred to above We report that:

a) We have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes 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 the books;

c) The Balance Sheet Profit and Loss Account and Cash Flow Statement dealt with bythis report are in agreement with the books of account;

d) In our opinion the Balance Sheet Profit and Loss Account and Cash Flow Statementdealt with by this report comply with the accounting standards referred to in sub-section(3C) of section 211 of the Companies Act 1956;

e) On the basis of written representations received from the directors as on 31stMarch 2014 and taken on record by the Board of Directors We report that none of thedirectors is disqualified as on 31st March 2014 from being appointed as adirector in terms of clause (g) of sub- section (1) of section 274 of the Companies Act1956.

f) In our opinion and to the best of our information and according to the explanationsgiven to us the said accounts read along with Significant Accounting Policies and notesthereon give the information required by the Companies Act 1956 in the manner sorequired and give a true and fair view in conformity with the accounting principlesgenerally accepted in India:

i) in the case of the Balance sheet of the state of affairs of the Company as at 31stMarch 2014;

ii) in the case of the Profit and Loss Account of the profit/loss for the year endedon that date; and

iii) in the case of the Cash Flow Statement of the cash flows for the year ended onthat date.

For Bipinchandra J. Modi & Co.
FRN : 101521W
Chartered Accountants
(Bipin J. Modi)
Partner
Surat dated: May 26 2014 Membership No. 031687

Annexure referred to in paragraph 3 of our report of even date on the accounts for theyear ended 31st March 2014

i. The Company has no fixed assets hence paragraphs (i)(a) (b) and (c) of the Orderare not applicable.

ii. The paragraphs (ii)(a) (b) and (c) of the Order are not applicable during theyear.

iii. (a) The Company has neither granted nor taken any loans secured or unsecuredto/from companies firms or other parties covered in the register maintained under Section301 of the Companies Act 1956 paragraphs (iii)(b) (c) (d) (e) (f) (g) are notapplicable.

iv. In our opinion and according to the information and explanations given to usthere are adequate internal control procedures commensurate with the size of the Companyand nature of its business. During the course of our audit We have not observed anycontinuing failure to correct major weaknesses in internal control.

v. (a) In our opinion and according to the information and explanations given to usthere are no transactions that need to be entered in to the register maintained underSection 301 of the Companies Act 1956 paragraph (v)(b) of the Order is not applicable.

vi. The Company has not accepted any deposits from the public.

vii. In our opinion the Company has an internal audit system commensurate with itssize and nature of its business.

viii. The Central Government has not prescribed maintenance of cost records undersection 209(1)(d) of the Companies Act 1956 for any of the products of the Company.

ix. (a) According to information and explanations given to us the Company is generallybeen regular in depositing undisputed statutory dues as applicable with the appropriateauthorities during the year.

(b) According to information and explanation given to us there are no statutory duesas applicable which have not been deposited on account of any dispute.

x. The Company does not have accumulated losses as at 31st March 2014. The Company hasincurred cash losses during the current and the immediately preceding financial year.

xi. The Company has not taken any loans from financial institutions or banks ordebenture holders and hence the question of default in repayment of dues and the periodand amount does not arise.

xii. In our opinion the Company has not granted any loans and advances on the basis ofsecurity by way of pledge of shares debentures and any other securities.

xiii. The provisions of any special statue as specified under paragraph (xiii) of theOrder are not applicable to the Company.

xiv. In our opinion and according to information and explanation given to us theCompany is not a dealer or a trader in shares securities debentures and otherinvestments.

xv. In our opinion and according to the information and explanations given to us theCompany has not given any guarantees for loans taken by others from banks or financialinstitutions.

xvi. The Company has not taken any term loan during the current year.

xvii. According to the information and explanations given to us and on an overallexamination of the balance sheet of the Company in our opinion there are no funds raisedon short term basis which have been used for long term investment and vice versa.

xviii. The Company has not made any preferential allotment of shares to parties andcompanies covered in the register maintained under Section 301 of the Companies Act 1956during the year.

xix. The Company has not issued any debentures during the year.

xx. The Company has not raised any money by way of public issue during the year.

xxi. To the best of our knowledge and belief and according to the information andexplanations given to us no fraud on or by the Company was noticed or reported during theyear.

For Bipinchandra J. Modi & Co.
FRN : 101521W
Chartered Accountants
(Bipin J. Modi)
Partner
Surat dated: May 26 2014 Membership No. 031687