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Radhagobind Commercial Ltd.

BSE: 539673 Sector: Others
NSE: N.A. ISIN Code: INE792P01012
BSE LIVE 11:54 | 06 Nov Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.75
PREVIOUS CLOSE 13.75
VOLUME 20
52-Week high 14.44
52-Week low 10.80
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 13.75
Sell Qty 4980.00
OPEN 13.75
CLOSE 13.75
VOLUME 20
52-Week high 14.44
52-Week low 10.80
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 13.75
Sell Qty 4980.00

Radhagobind Commercial Ltd. (RADHAGOBINDCOMM) - Auditors Report

Company auditors report

To The Members

M/S. RADHAGOBIND COMMERCIAL LIMITED (FORMERLY TEJMANGAL COMMERCIAL CO. LIMITED) Reporton Standalone Financial Statements

We have audited the accompanying standalone financial statement of RADHAGOBINDCOMMERCIAL LIMITED (FORMERLY TEJMANGAL COMMERCIAL CO. LIMITED) which comprises theBalance sheet as at 31st March 2016 and the statement of Profit and Loss and Cash Flowstatement for the year then ended and a summary of Significant accounting policies andother explanatory information.

Management Responsibility for the Financial Statements

The Company board of Directors is responsible for the matters stated in Section 134(5)of the Companies Act 2013 ("the Act") with respect to preparation andpresentation of these standalone financial statements that give a true and fair view ofthe financial position financial performance and cash flows of the company in accordancewith the accounting principles generally accepted in India including 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 adequateaccounting records in accordance with provision of the Act for safeguarding the asset ofthe Company and for preventing and detecting frauds and other regularities; selection andapplication of the appropriate accounting policies; making judgments and estimates thatare reasonable and prudent; and design implementation and maintenance of adequateinternal financial 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

Our responsibility is to express an opinion kin these standalone financial statementsbased on our audit. We have taken into account the provisions of the Act the accountingand auditing standards and matters which are required to be included in the auditor reportunder the provision 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 performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statement. The procedures selected depend on 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 auditorsconsider internal control relevant to the company's preparation of the financialstatements that give a true and fair view in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion onwhether the company has in place an adequate internal financial controls system overfinancial reporting and operating effectiveness of such control. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by the Company's Director as well as evaluating the overallpresentation of financial statements.

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

INDEPENDENT AUDITOR'S REPORT

To The Members

M/S. RADHAGOBIND COMMERCIAL LIMITED (FORMERLY TEJMANGAL COMMERCIAL CO. LIMITED) Reporton Standalone Financial Statements

We have audited the accompanying standalone financial statement of RADHAGOBINDCOMMERCIAL LIMITED (FORMERLY TEJMANGAL COMMERCIAL CO. LIMITED) which comprises theBalance sheet as at 31st March 2016 and the statement of Profit and Loss and Cash Flowstatement for the year then ended and a summary of Significant accounting policies andother explanatory information.

Management Responsibility for the Financial Statements

The Company board of Directors is responsible for the matters stated in Section 134(5)of the Companies Act 2013 ("the Act") with respect to preparation andpresentation of these standalone financial statements that give a true and fair view ofthe financial position financial performance and cash flows of the company in accordancewith the accounting principles generally accepted in India including 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 adequateaccounting records in accordance with provision of the Act for safeguarding the asset ofthe Company and for preventing and detecting frauds and other regularities; selection andapplication of the appropriate accounting policies; making judgments and estimates thatare reasonable and prudent; and design implementation and maintenance of adequateinternal financial 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

Our responsibility is to express an opinion k>n these standalone financialstatements based on our audit. We have taken into account the provisions of the Act theaccounting and auditing standards and matters which are required to be included in theauditor report under the provision 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 performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statement. The procedures selected depend on 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 auditorsconsider internal control relevant to the company's preparation of the financialstatements that give a true and fair view in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion onwhether the company has in place an adequate internal financial controls system overfinancial reporting and operating effectiveness of such control. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by the Company's Director as well as evaluating the overallpresentation of financial statements.

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

Opinion

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 case of the Balance sheet of the state of affairs of the company as at March31 2016;

(b) In the case of profit and loss Account of the LOSS for the Year endedon that date; and in the case of the Cash flow statement of the cash flows for theyear ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by ‘the Companies (Auditor's Report) Order 2016 ("theOrder") issued by the Central Government of India in terms of Sub-Section (11) ofSection 143 of the Act we give in the Annexure A a statement on the matters specified inthe 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 purposes of our audit.

b) In our opinion proper books of accounts as required by law have been kept by theCompany so far as it appears from our examination of those books;

c) The Balance sheet the statement of Profit and Loss and the cash flow statementdealt with by this report are in agreement with books of account;

d) In our opinion the aforesaid standalone financial statements comply with theaccounting Standard Specified under Section 133 of the Act read with Rule 7 of theCompanies (Account) Rules 2014;

e) On the basis of the written representation received from the Directors as on 31stMarch 2016 and taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2016 from being appointed as a director in terms ofSection 164(2^) of the Act;

f) With respect to the adequacy of the Internal Financial Control over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate report in "Annexure B" and

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 does not have any pending litigations on its financial position in itsfinancial Statements;

(ii) The Company does not have any requirement for making provision under theapplicable law or Accounting standards;

(iii) The company does not have any requirement to transfer any amount to InvestorEducation and Protection fund by the Company.

161/1 Mahatma Gandhi Road For Ashok Kumar Natwarlal & Co.
3rd Floor Room No. 70B Chartered Accountants
Kolkata - 700 007
ASHOK KUMAR AGARWAL
Proprietor
Dated: 30.05.2016 Membership No. 056189
Firm Regn No.322307E

The Annexure referred to in our Audit Report to the Members of the Company on thestandalone financial Statements for the year ended 3 L‘ March 2015 we report that:

1 a) The Company is maintaining proper records showing full particulars includingquantitative details and situation of Fixed Assets.

b) All the fixed Assets have been physically verified by the management at reasonableintervals and no material discrepancies were noticed on such verification.

2 a) The Company have been physically verified at reasonable intervals by theManagement.

b) In our opinion and according to the information and explanation given to us theprocedure 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) In our opinion and according to the information and explanation given to us theCompany is maintaining proper records of its inventories and no material discrepancieswere noticed on such physical verification.

3 The Company has not granted Loans and Advances to Parties covered in the registermaintained under Section 189 of the Companies Act 2013.

4 In our opinion and according to the information and explanations given to us theCompany has complied with the provisions of Section 185 and 186 of the Act with respectto Loans and Investment made.

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

6. The Central Government has not prescribed the maintenance of Cost records underSection 148(1) of the Act for any of the Business rendered by the Company.

7. a) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company amounts deducted/ accrued in the books ofaccount in respect of undisputed statutory dues including provident fund Income TaxSales Tax Value added Tax Duty of Customs Service Tax cess and other material dues avebeen regularly deposited during the year by the Company with appropriate authorities. Asexplained to us the Company did not have any dues on account of employees state Insuranceand duty of excise.

b) According to the information and explanation given to us no undisputed amountspayable in respect of provident fund Income Tax sales Tax Value added Tax Duty ofCustoms Service Tax Cess and other material statutory dues were in arrears as at 3 STMarch 2016 for a period of more than six Months from the date they became payable.

8. The Company does not have any loans or borrowings from any financial Institutionbanks government or debenture holders during the year. Accordingly paragraph 3(viii) ofthe order is not applicable.

9. The Company did not raise any money by way of initial public offer or further publicoffer (including debt Instruments) and term loans during the year. Accordingly paragraph3(ix) of the order is not applicable.

10. According to the information and explanation given to us no material fraud by theCompany or on the company by its officers or employees has been noticed or reported duringthe course of our audit.

11. According to the information and explanations given to us and based on ourexamination of the records of the Company the company has paid/provided for managerialremuneration in accordance with the requisite approvals mandated by the provisions ofSection 197 read with Schedule V to the Act.

12. In our opinion and according to the information and explanations given to us theCompany is not a nidhi company. Accordingly paragraph 3(xii) of the Order is notapplicahij '

13. According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not entered into anytransactions with the related parties in compliance with Sections 177 and 188 of the Actso the clause is not applicable for the Company.

14. According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not made any preferentialallotment or private placement of shares or fully or partly convertible debentures duringthe year.

15. According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not entered into non cashtransactions with Directors or persons connected with him. Accordingly paragraph 3(xv) ofthe Order is not applicable.

16. The Company is not required to be registered under Section 45-IA of the ReserveBank of India Act 1934.

161/1 Mahatma Gandhi Road For Ashok Kumar Natwarlal & Co
3rd Floor Room No. 70B Chartered Accountants a
Kolkata - 700 007
ASHOK KUMAR AGARWAL
Proprietor
Dated: 30.05.2016 Membership No. 056189
Firm Regn No.322307E

Annexure-B to the Auditor's Report

Report on the Standalone Financial Statements of Radhagobind Commercial Limited on theInternal Financial Controls under Clause(i) of Sub-section 3 of Section 143 of theCompanies Act2013("the Act")

We have audited the internal financial controls over the financial reporting ofRadhagobind Commercial Limited ("the Company") as on 31 March2016 inconjunction with our audit of the standalone financial statements of the Company for theyear ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin Guidance Note on Audit of Internal Financial Controls over Financial Reporting issuedby the Institute of Chartered Accountants of India (‘ICAI').These responsibilitiesinclude the design implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderly and efficient conduct of itsbusiness including adherence to company's policies the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under Companies Act2013.

Auditor's Responsibility

Our responsibility is to express an opinion on the Company's internal financialreporting based on our audit. We conducted our audit in accordance with the Guidance Noteon Audit of Internal Financial Controls over Financial Reporting(the "GuidanceNote") and the Standards on Auditing issued by ICAI and deemed to be prescribedunder section 143(10) of the Companies Act2013to the extent applicable to an audit ofInternal Financial Controls and both issued by the Institute of Chartered Accountants ofIndia. Those standards and Guidance Note require that we comply with the ethicalrequirement s and plan and platform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andrAaintained and if such controls over financial reporting was established and maintainedand if such controls operated effectively in all majerial aspects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls system over financial reportingand their operating effectiveness .Our audit of internal financial controls over financialreporting assessing the risk that a material weakness exists and testing and evaluatingthe design and operating effectiveness of internal control based on the assessed risk. Theprocedures selected depend on the auditor's judgment including the assessment of therisks of material misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's_internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that (1) pertain to the maintenance ofcost records that in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the company; (2) provide reasonable assurance andtransactions are recorded as necessary to permit preparation of financial statements inaccordance with generally accepted accounting principles and the receipt and expendituresof the company are being made only in accordance with authorizations of management anddirectors of the company; and (3) provide reasonable assurance regarding prevention ortimely detection of unauthorized acquisition use or disposition of the companyjs assetsthat could have a material effejct on the financial statements.

Inherent Limitation of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not to be detected.Also projections of any evaluation of the internal financial controls over financialreporting may become inadequate because of changes in conditions or that the degree ofcompliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internalfinancial control system over financial reporting and such internal financial controlssystem over financial reporting were operating effectively as on 31 March2016 based onthe internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls Over Financial Reporting issued by the Institute ofChartered Accountants of India

161/1 Mahatma Gandhi Road For Ashok Kumar Natwarlal & Co.
3d Floor Room No. 70B Chartered Accountants
Kolkata - 700 007
ASHOK KUMAR AGARWAL
Proprietor
Dated: 30.05.2016 Membership No. 056189
Firm Regn No.322307E