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Kkalpana Plastick Ltd.

BSE: 523652 Sector: Consumer
NSE: N.A. ISIN Code: INE465K01016
BSE LIVE 13:02 | 14 Sep 6.90 -0.30
(-4.17%)
OPEN

6.90

HIGH

6.90

LOW

6.90

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 6.90
PREVIOUS CLOSE 7.20
VOLUME 50
52-Week high 7.80
52-Week low 6.89
P/E
Mkt Cap.(Rs cr) 4
Buy Price 6.90
Buy Qty 2275.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.90
CLOSE 7.20
VOLUME 50
52-Week high 7.80
52-Week low 6.89
P/E
Mkt Cap.(Rs cr) 4
Buy Price 6.90
Buy Qty 2275.00
Sell Price 0.00
Sell Qty 0.00

Kkalpana Plastick Ltd. (KKALPANAPLASTIC) - Auditors Report

Company auditors report

To the Members of

KKALPANA PLASTICK LIMITED

(FORMERLY : KALPENA PLASTIKS LIMITED)

We have audited the accompanying financial statements of M/s. KKALPANA PLASTICKLIMITED (FORMERLY : KALPENA PLASTIKS LIMITED) which comprise the Balance Sheet as atMarch 31 2015 and the Statement of Profit and Loss and Cash Flow Statement for the yearthen ended and a summary of significant accounting policies and other explanatoryinformation.

MANAGEMENT S RESPONSIBILITY FOR THE STANDALONE 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 of thesestandalone financial statements that give a true and fair view of the financial positionfinancial performance and cash flows 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. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provision of the Act for safeguarding the assets of the Company and for preventing anddetecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgements and estimates that the reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

AUDITORS 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 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 financial control relevant to the Company s preparation and fairpresention of the financial statements in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bymanagement as well as evaluating 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 state of affairs of the Company as at March 312015 and its profit 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 2015 (the Order) issued bythe Central Government of India in terms of sub-section (11) of section 143 of the Act wegive in the Annexure a statement on the matters specified in paragraphs 4 and 5 of theorder.

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 it appears from our examination of those books.

c) The Balance Sheet Statement of Profit and Loss and Cash Flow Statement dealt withby this Report are in agreement with the books of account.

d) In our opinion the Balance Sheet Statement of Profit and Loss and Cash FlowStatement comply with the Accounting Standards referred to in Section 133 of the Act readwith Rule 7 of the Companies (Accounts) Rules 2014.

e) On the basis of written representations received from the directors as on March 312015 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2015 from being appointed as a director in terms of Section 164(2) of theAct.

(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) Rules 2014 in our opinionand to the best of our information and according to the explanation given to us :

(i) The Company has disclosed the impact of pending litigations on its financialposition in its financial statements as referred to Note 7.3 to the financial statements.

(ii) The Company has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any and as required on long termcontracts.

(iii) There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

For MALOO & COMPANY
Chartered Accountants
3A Surendra Mohan Ghosh Sarani
2nd Floor
Kolkata - 700 001 J.L.Maloo
(Partner)
Dated : 30th day of May 2015 Membership No. 300/17649

Annexure to the Auditor s Report

Referred to paragraph 1 of our report of even date on the accounts for the year ended31st March 2015 of M/S. KKALPANA PLASTICK LIMITED (FORMERLY : KALPENAPLASTIKS LIMITED)

1. According to the information and explanations given to us :

a) The Company has maintained proper records showing full particulars includingquantitative details and situation of Fixed Assets.

b) As explained to us all Fixed Assets have been physically verified by managementduring the year regular at intervals and in our opinion of which is reasonable havingregard to the size of the company and the nature of those assets. No materialdiscrepancies were noticed on such verification.

2. In respect of its inventories :

a) The inventories have been physically verified during the year by the management. Inour opinion the frequency of verification is reasonable.

b) In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the management arereasonable and adequate in relation to the size of the company and the nature of itsbusiness.

c) The company has maintained proper records of inventories. As explained to us therewere no material discrepancies noticed on physical verification of inventories as comparedto the book records.

3. a) The company has granted any loans secured or unsecured to 1(one) of thecompanies firms or other parties listed in the register maintained under section 189 ofthe Companies Act 2013. Maximum amount involved in the transaction is Rs. 46110658.00 andyear end balance is Rs. 46110658.00.

b) In our opinion and according to the information and explanation given to us receiptof the principal amount and interest are also regular; and

c) According to the information and explanation given to us there is no overdue amountmore than rupees one lakh.

4. In our opinion and according to the information and explanations given to us thereis an adequate internal control systems commensurate with the size of the company and thenature of its business with regard to purchases of inventory fixed assets and with regardto the sale of goods. During the course of our audit we have not observed any continuingfailure to correct major weaknesses in internal controls systems.

5. In our opinion and according to the information and explanations given to us thecompany has not accepted deposits for which the directives issued by the Reserve Bank ofIndia and the provisions of section 73 to 76 or any other relevant provisions of theCompanies Act and the rules framed there under where applicable are to be completed with.

6. According to the information and explanations given to us the Central Governmenthas not prescribed maintenance of cost records under of sub-section (1) of section 148 ofthe Companies Act 2013

7. a) According to the information and explanations given to us the company is regularin depositing undisputed statutory dues including provident fund employees stateinsurance income-tax sales-tax wealth tax service tax duty of customs duty ofexcise value added tax cess and any other statutory dues with the appropriate and thereis no arrears of outstanding statutory dues as at the last day of financial year ending 31stMarch 2015 for a period of more than six months from the date they became payable shallbe indicated by the audit.

b) According to the information and explanations given to us case dues of income taxor sales tax or service tax or duty of customs or duty of excise or value added tax orcess there is no such amount which is due and have not been deposited on account of anydispute except the amounts as mentioned here under.

Name of the Statute Nature of Dues Demand Amount (RS.) Period to which Amount relates Forum Where dispute is pending
Income Tax Act 1961 Assessed tax U/S154 2399420/- A.Y.2008-09 Rectification U/s.154 Filled with A.O.

c) According to the information and explanations given to us no such amount which isrequired to be transferred to investor education and protection fund in accordance withthe relevant provisions of the Companies Act 1956 (1 of 1956) and rules made thereunder.

8. The Company does not have accumulated losses at the end of financial year which isnot less that 50 of the Net Worth of the Company has incurred cash losses during thefinancial year covered by our audit but not in the immediately preceding financial year.

9. In our opinion and according to the information and explanations given to us thecompany has not defaulted in the repayment of dues to the financial institutions bank ordebenture holders.

10. According to the information and explanations given to us the company has notgiven any guarantee for loans taken by others from bank or financial institution the termsand conditions whereof are prejudicial to the interest of the company.

11. In our opinion the company has raised a no new term loans during the year. Theoutstanding loans at the beginning of the year were applied for the purpose for which theywere raised.

12. According to the information and explanations given to us no fraud on or by thecompany has been noticed or reported during the course of our audit.

For MALOO & COMPANY
Chartered Accountants
3A Surendra Mohan Ghosh Sarani
2nd Floor
Kolkata - 700 001 J.L.Maloo
(Partner)
Dated : 30th day of May 2015 Membership No. 300/17649