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P.G. Industry Ltd.

BSE: 531281 Sector: Others
NSE: N.A. ISIN Code: INE807H01015
BSE LIVE 19:20 | 19 Oct 27.90 0
(0.00%)
OPEN

27.90

HIGH

27.90

LOW

27.90

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 27.90
PREVIOUS CLOSE 27.90
VOLUME 2000
52-Week high 27.90
52-Week low 11.00
P/E 15.25
Mkt Cap.(Rs cr) 13
Buy Price 26.55
Buy Qty 1000.00
Sell Price 27.90
Sell Qty 2000.00
OPEN 27.90
CLOSE 27.90
VOLUME 2000
52-Week high 27.90
52-Week low 11.00
P/E 15.25
Mkt Cap.(Rs cr) 13
Buy Price 26.55
Buy Qty 1000.00
Sell Price 27.90
Sell Qty 2000.00

P.G. Industry Ltd. (PGINDUSTRY) - Auditors Report

Company auditors report

To the Members of P G Industry Limited

1. We have audited the accompanying financial statements of P G Industry Limited ("theCompany") which comprise the Balance Sheet as at March 31 2015 and the Statementof Profit and Loss and Cash Flow Statement for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility on the Financial Statements

2. Management is responsible for 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 Standards referred to in sub-section (3C)of section 211 of the Companies Act 1956 read with the General Circular 15/2013 dated 13September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of theCompanies Act 2013 ("the Act"). This responsibility includes the designimplementation and maintenance of internal control relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit. We conducted our audit in accordance with the Standards on Auditing issued bythe Institute of Chartered Accountants of India. Those Standards require that we complywith ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal control relevant to the Company’s preparation and fairpresentation 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.

5. We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.

Opinion

6. In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March31 2015;

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

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

Report on Other Legal and Regulatory Requirement

7. As required by the Companies (Auditor’s Report) Order 2015 (‘[heOrder") issued by the Central Government of India in terms of section 143 of the Actwe give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of theOrder.

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

a) we have sought and obtained all the information and explanations which to the bestof our knowledge 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 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;

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 sub-section (2) ofsection 164 of the Companies Act 2013;

f) In our opinion the company has adequate internal financial controls system in placeand such controls have the operating effectiveness.

For: Vishal G Goel & Co.
(Chartered Accountants)
Sd/-
Ca Vishal Goel
(Proprietor)
F.C.A. DISA
Place: New Delhi Membership No.- 094685
Date: 30 May 2015 Firm Regn. No.- 020330 N

Annexure to Auditors’ Report for the year ended on 31st March 2015

The Annexure referred to in paragraph 7 of the Our Report of even date to the membersof P G Industry Limited on the accounts of the company for the year ended 31stMarch 2015.

1) a) The company has maintained proper records showing full particulars includingquantitative details and situations of fixed assets.

b) We are informed that management has carried out the physical verification of thefixed assets at reasonable intervals which is considered reasonable having regard to thesize of the Company and the nature of its business and no material discrepancies have beennoticed on such physical verification to the extent verification was made during the year.

c) The company has not disposed off any part of its fixed assets so as to affect itsgoing concern assumptions.

2) a) As explained to us physical verification of inventory has been conducted by themanagement during the year at reasonable intervals.

b) In our opinion procedure of physical verification of the inventories followed bythe management is reasonable and adequate in relation to the size of the company and thenature of its business.

c) The Company has maintained proper records of inventories and no materialdiscrepancies were noticed on physical verification.

3) The company has not granted interest free unsecured loans to any party covered inthe register maintained under section 189 of the Companies Act 2013.

4) In our opinion and according to the information and explanation given to us thereare adequate internal control systems commensurate with the size of the company and thenature of its business with regard to purchase of inventories fixed assets and for thesale of goods and services. Further on the basis of our examination of the books andrecords of the company and according to the information and explanation given to us wehave neither come across nor have been informed of any continuing failure to correct majorweaknesses in internal control systems.

5) According to the information and explanation given to us the company has notaccepted any deposits during 'he year from the public under the provisions of the sections73 to 76 of the Act and the rules framed there.

6) As per information & explanation given by the management maintenance of costrecords has been prescribed by the Central Government under sub-section (1) of section 148of the Act and we are of the opinion that prima facie the prescribed accounts and recordshave been made and maintained.

7) (a) According to the information and explanation given to us in our opinion thecompany is generally regular in depositing undisputed statutory dues including ProvidentFund Employees State Insurance Income Tax Sales Tax Wealth Tax Service Tax CustomDuty and Excise Duty Value Added Tax Cess and any other material statutory dues asapplicable with the appropriate authorities.

(b) There are no undisputed amount payable in respect of such statutory dues which haveremained outstanding as at 31st March 2015 for a period more than six months from thedate they became payable.

8) According to the information and explanation given to us No amount is required tobe transferred to Investor Education and Protection Fund in accordance with the relevantprovisions of the Companies Act 1956 and rules made there under.

9) The company has accumulated profit of Rs. 597.25 Lacs at the end of the financialyear 2014-15 and has earned profit after tax in current financial year of Rs. 60.88 Lacs.

10) According to the records of the company examined by us and the information andexplanation given to us the Company has not defaulted in repayment of its dues to banksand financial institutions.

11) According to the information and explanation given to us the company has given aguarantee in favour of M/s. Priceless Overseas Limited for loan taken from Vijaya BankDefence Colony New Delhi and the terms & conditions whereof are not prejudicial tothe interest of the company.

12) As per information and explanation given to us the company has not obtained anyterm loan during the year.

For: Vishal G Goel & Co.
(Chartered Accountants)
Sd /-
Ca Vishal Goel
(Proprietor)
F.C.A. DISA
Place: New Delhi Membership No.- 094685
Date: 30 May 201. Firm Regn. No.- 020330 N