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Parle Software Ltd.

BSE: 532911 Sector: Infrastructure
NSE: N.A. ISIN Code: INE272G01014
BSE LIVE 15:40 | 17 Aug 11.36 11.36
(%)
OPEN

11.19

HIGH

11.52

LOW

11.19

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 11.19
PREVIOUS CLOSE 0.00
VOLUME 10
52-Week high 13.88
52-Week low 8.66
P/E 378.67
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.19
CLOSE 0.00
VOLUME 10
52-Week high 13.88
52-Week low 8.66
P/E 378.67
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Parle Software Ltd. (PARLESOFTWARE) - Auditors Report

Company auditors report

To

The Members of

PARLE SOFTWARE LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of PARLE SOFTWARE LIMITED(‘the company’) which comprise the Balance Sheet as at 31st March2015 the Profit and Loss statement the Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters state in Section134(5) of the companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014.

This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company andfor preventing and detecting frauds and others irregularities; selection and applicationsof appropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementations and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

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 under thesections 143 (10) of the Act. Those Standards requires that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures 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 assessments the auditor considers internal financial controlrelevant to the Company’s preparation of the financial statements that give a trueand 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 systems over financial reporting and theoperating effectiveness of such controls. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accountingestimates made by the company’s 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 financial statements.

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;

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 Statement of Profit and Loss of the profit for the year ended onthat date; and

c) In the case of the Cash Flows Statement of the cash flows for the year ended onthat date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) order 2015 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection (11) of section 143 of the Companies Act 2013 we give in the Annexure a statementon 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 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 it appears from our examinations of those books.

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

d. In our opinion the aforesaid financial statements comply with the Accountingstandards specified under section 133 of the Act read with Rule 7 of the companies(Accounts) Rules 2014;

e. On the basis of the written representations received from the directors as on March31 2015 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 Sections 164 (2) ofthe Act. f. With respect to the other matters to be included in the Auditors Report inaccordance with Rules 11 of the Companies (Audit and Auditor’s) Rules 2014 in ouropinion and to the best of our information and according to the explanations given to us

i) The Company has disclosed the impact if any of pending litigations as at 31 March2015 on its financial position in its financial statements.

ii) The Company did not have any long-term contracts including derivative contracts asat 31 March 2015.

iii) There were no amounts which were required to be transferred to the investorEducation and Protection Fund by the Company.

For G. R. MODI & CO.
Chartered Accountants
Firm Registration No.112617W
G. R. MODI
Partner
Membership No.15240
Place: Mumbai
Date: 15th May 2015

ANNEXURE TO THE INDEPENDENT AUDITORS REPORT OF EVEN DATE OF THE MEMBERS OF PARLESOFTWARE LIMITED ON THE FINANCIAL STATEMENT FOR THE YEAR ENDED ON 31ST MARCH2015.

Based on the audit procedures performed for the purpose of reporting a true and fairview on the financial statements of the Company and taking in to consideration theinformation an explanation given to us and the books of account and other records examinedby us in the normal course of audit we report that;

1) (a) The company has maintained proper records showing full particulars includingquantitative details and situation of its fixed assets on the basis of availableinformation.

(b) As explained to us all the fixed assets have been physically verified by themanagement in a phased periodical manner which in our opinion reasonable having regardto size of the company and nature of its assets. No materials discrepancies were noticedon such verifications.

2) (a) As explained to us that the inventory has been physically verified during theyear by the management. In our 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 werereasonable 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 has maintained proper records of its inventories and no materials discrepancieswere noticed on physical verifications.

3) The company has not granted any loans secured or unsecured to companies firms orother parties covered in the Register maintained under Section 189 of the Companies Act2013.

4) In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the company and thenature of its business for the purchase of inventory and fixed assets and for the sale ofgoods and services. During the course of our audit we have not observed any major weaknessin such internal control system.

5) In our opinion and according to the information and explanations given to us thecompany has not accepted deposits from the public during the year. Therefore theprovisions of clauses 3 (v) of the order are not applicable to the company.

6) According to the information and explanations given to us in our opinion thecompany does not fall under the category of manufacturing company therefore theprovisions of clauses 3 (vi) of the order are not applicable to the company.

7) According to the information and explanations given to us in respect of statutorydues.

(a) The undisputed statutory dues have been regularly deposited with appropriateauthorities. And we are informed that no amount were outstanding as at 31stMarch 2015 towards undisputed statutory dues in respects of income tax sales-taxwealth-tax customs duty excise duty cess for a period of more than six months from thedate they become payable.

(b) The Company does not have any disputed statutory dues that have not been depositedon account of matters pending before appropriate authorities.

(c) We are informed that no amounts is required to be transferred by the InvestorEducation and Protection Fund in accordance with relevant provisions of the Companies Act1956 (1 of 1956) and rules made there under.

8) In our opinion the were no accumulated losses of the company at the end of thefinancial year and it has not incurred cash losses in the current year and in theimmediately 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 andbanks.

10) According to the information and explanations given to us the company has notgiven any guarantee for loans taken by others from banks or financial institution.

11) In our opinion and according to the information and explanations given to us thecompany has not taken term loans during the year.

12) According to the information and explanations given to us no fraud by the companyand no

material fraud on the company has been noticed or reported during the year.

For G. R. MODI & CO.
Chartered Accountants
Firm Registration No.112617W
G. R. MODI
Partner
Membership No.15240
Place: Mumbai
Date: 15th May 2015