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P.G. Industry Ltd.

BSE: 531281 Sector: Others
NSE: N.A. ISIN Code: INE807H01015
BSE LIVE 15:15 | 12 Dec 30.85 -1.60
(-4.93%)
OPEN

31.00

HIGH

31.00

LOW

30.85

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 31.00
PREVIOUS CLOSE 32.45
VOLUME 500
52-Week high 36.40
52-Week low 11.00
P/E 18.36
Mkt Cap.(Rs cr) 14
Buy Price 0.00
Buy Qty 0.00
Sell Price 32.95
Sell Qty 100.00
OPEN 31.00
CLOSE 32.45
VOLUME 500
52-Week high 36.40
52-Week low 11.00
P/E 18.36
Mkt Cap.(Rs cr) 14
Buy Price 0.00
Buy Qty 0.00
Sell Price 32.95
Sell Qty 100.00

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

Company auditors report

To the Members of P G Industry Limited

1. We have audited the accompanying standalone financial statements of P G IndustryLimited ("the Company") which comprise the Balance Sheet as at March 312017 and the Statement of Profit and Loss and Cash Flow Statement for the year thenended and a summary of significant accounting policies and other explanatory information.

ManagementRs.s Responsibility on the Financial Statements

2. 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 ofthese standalone financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit.

4. 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 thereunder.

5. 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.

6. An audit involves performing procedures to obtain audit evidence about the amountsand the disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Directors as well as evaluating the overall presentationof the financial statements.

7. 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

8. In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March31 2017;

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

9. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of section 143 of the Act we give inthe Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order.

10. 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 312017 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2017 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.

g) 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 explanations given to us:

i. the Company has no pending litigations which have the impact on its financialposition in its financial statements;

ii. the Company is not required to make any provision as required under the applicablelaw or accounting standards for material foreseeable losses if any on long-termcontracts including derivative contracts;

iii. No amount is required to be transfer to the Investor Education and Protection Fundby the Company.

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 2017 Firm Regn. No.- 020330 N

Annexure to Auditors' Report for the year ended on 31st March 2017

The Annexure referred to in paragraph 9 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 2017.

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 title deeds of immovable properties are held in the name of the Company.

2) a) As explained to us physical verification of inventory has been conducted by themanagement during the year at reasonable intervals. The Company has maintained properrecords of inventories and no material discrepancies were noticed on physicalverification.

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) The company has complied with the provisions of Section 185 and 186 of the CompaniesAct 2013 in respect of guarantee given to Vijaya Bank Defence Colony Delhi on behalf ofWorking Capital Loan taken by other Company.

5) According to the information and explanation given to us the company has notaccepted any deposits during the 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 2017 for a period more than six months from thedate they became payable.

8) 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.

9) As per information and explanation given to us the company has not obtained anymoney raised by way of Initial Public Issue or Further Public Issue (including debtinstruments) and term loan during the year.

10) No fraud by the company or on the company by its officers or employees has beennoticed or reported during the year.

11) Managerial Remuneration has been paid or provided in accordance with the requisiteapprovals mandated by the provisions of section 197 read with Schedule V to the CompaniesAct 2013.

12) The provisions of any Special Statute applicable to Nidhi Company are notapplicable to the company.

13) All transactions with the related parties are in compliance with the provisions ofsections 177 and 188 of the Companies Act 2013 and the details have been disclosed in theFinancial Statements.

14) The company has not made any preferential allotment or private placement of sharesor fully or partly convertible debentures during the year under review.

15) The company has not entered into any non – cash transaction with directors orperson connected with him.

16) The company is not required to be registered under section 45 – IA of theReserve Bank of India Act 1934.

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 2017 Firm Regn. No.- 020330 N