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Mudunuru Ltd.

BSE: 538743 Sector: IT
NSE: N.A. ISIN Code: INE491C01027
BSE 15:23 | 16 Jan 17.90 -0.05
(-0.28%)
OPEN

17.90

HIGH

17.90

LOW

17.90

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 17.90
PREVIOUS CLOSE 17.95
VOLUME 1
52-Week high 40.50
52-Week low 14.30
P/E 255.71
Mkt Cap.(Rs cr) 43
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.90
Sell Qty 4997.00
OPEN 17.90
CLOSE 17.95
VOLUME 1
52-Week high 40.50
52-Week low 14.30
P/E 255.71
Mkt Cap.(Rs cr) 43
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.90
Sell Qty 4997.00

Mudunuru Ltd. (MUDUNURU) - Auditors Report

Company auditors report

on Financial Statements

To

The Members of GREENFIELD AGRI VENTURES LIMITED. Hyderabad.

Report on the financial Statements

We have audited the accompanying financial Statements of M/s. Greenfield Agri VenturesLimited which comprise the Balance Sheet as at 31st March 2015 the statement of Profit& Loss for the year ended and a summary of the significant accounting policies andother explanatory information.

Managements 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 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 provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are 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 standalone financial statementsbased on our audit.

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 performingprocedures to obtain audit evidence about the amounts and the disclosures in the financialstatements. The procedures selected depend on the auditor's judgment including theassessment of the risks of material misstatement of the financial statements whether dueto fraud or error. In making those risk assessments the auditor considers internalfinancial control relevant to the Company's preparation of the financial statements thatgive a true and fair view in order to design audit procedures that are appropriate in thecircumstances but not for the purpose of expressing an opinion on whether the Company hasin place an adequate internal financial controls system over financial reporting and theoperating effectiveness of such controls. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Board of Directors as well as evaluating the overallpresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the standalone financial statements

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the said accounts read with other notes to accounts and accounting policiesgive the information required by the Companies Act 2013 in the manner so required andgive a true and fair view:-i) In the case of Balance Sheet of the state of the affairs ofthe Company as at 31st March 2015 and ii) In the case of Profit & Loss Account of theProfit of the Company for the year ended on that date. iii) In the Cash Flow statement ofthe Cash Flow 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 in terms of Section 143(11) of the Act we give in the Annexure astatement on the matters specified in paragraphs 3 and 4 of 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 ourknowledge and belief were necessary for the purpose of our audit.

b. In our opinion proper books of accounts as required by the law have been kept by thecompany so far as appears from our examination of these accounts.

c. The company's Balance Sheet and Statement of Profit & Loss dealt with by thereport are in agreement with the books of accounts.

d. In our opinion the Balance Sheet and Statement of Profit & Loss comply with theaccounting standards referred to section 133 of the Companies Act 2013 read with Rule 7of the Companies (Accounts) Rules 2014.

e. On the basis of the written representations received from the directors as on 31stMarch 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in terms of Section164 (2) of the Act.

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 opinion and to the best ofour information and according to the explanations given to us:

i. The Company does not have any pending litigations

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

For Chanamolu & Co.
Chartered Accountants
Firm Registration No.010000S
G.Murali
Place: Hyderabad Partner
Date: 30.05.2015 M.No.234971

Annexure to the Auditors' Report

The Annexure referred to in our Independent Auditors' Report to the members of theCompany on the financial statements for the Year ended 31 March 2015 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 programme of physical verification of its fixed assets bywhich fixed assets are verified in a phased manner. In accordance with this programmecertain fixed assets were verified during the year and no material discrepancies werenoticed on such verification. In our opinion this periodicity of physical verification isreasonable having regard to the size of the Company and the nature of its assets.

ii. a. According to the information and explanations given to us the management hasconducted physical verification of inventories at reasonable intervals during the year. Inour opinion the frequency of verification is reasonable.

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

c. In our opinion and according to the information and explanations given to us theCompany is maintaining proper records of inventories. As per the information andexplanation given to us no material discrepancies were noticed on physical verification.

iii. The Company has not granted any loans to bodies corporate covered in the registermaintained under section 189 of the Companies Act 2013 ('the Act'). iv. In our opinionand according to the information and explanations given to us the Company has an adequateinternal control system commensurate with its size and the nature of its business for thepurchase of inventory and fixed assets and for the sale of goods and services. During thecourse of our audit we have not observed any continuing failure to correct majorweaknesses in such internal control system.

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

vi. The Central Government has not prescribed the maintenance of cost records undersection 148(1) of the Act for any of the services rendered by the Company.

vii. a. According to the information and explanations given to us and on the basis ofour examination of the records of the Company amounts deducted / accrued in the books ofaccount in respect of undisputed statutory dues including provident fund employees' stateinsurance duty of excise sales tax wealth tax service tax duty of customs valueadded tax cess and other material statutory dues have been regularly deposited during theyear except in the case of income tax dues (TDS Payable) by the Company with theappropriate authorities. b. According to the information and explanations given to us noundisputed amounts payable in respect of provident fund income tax sales tax wealthtax service tax duty of customs value added tax cess and other material statutory dueswere in arrears as at 31 March 2015 for a period of more than six months from the datethey became payable except the following.

Particulars Financial Year Amount in Rs.
Income Tax (TDS) 2014-15 388976

a. According to the information and explanations given to us there are no materialdues of wealth tax duty of customs and cess which have not been deposited with theappropriate authorities on account of any dispute.

b. According to the information and explanations given to us the company does not haveany liability to be transferred to the investor education and protection fund inaccordance with the relevant provisions of the Companies Act 1956 (1 of 1956) and rulesthere under. viii. The Company has no accumulated losses at the end of the financial yearand has not incurred cash losses in the financial year and in the immediately precedingfinancial year. ix. The Company has no outstanding dues to the banks and financialinstitutions.

x. In our opinion and according to the information and the explanations given to usthe Company has not given any guarantee for loans taken by others from banks or financialinstitutions. xi. The Company has not availed the term loans from banks and financialinstitutions.

xii. According to the information and explanations given to us no material fraud on orby the Company has been noticed or reported during the course of our audit.

For Chanamolu & Co.
Chartered Accountants
Firm Registration No.010000S
G.Murali
Place: Hyderabad Partner
Date: 30.05.2015 M.No.234971