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Roopa Industries Ltd.

BSE: 530991 Sector: Health care
NSE: N.A. ISIN Code: INE443C01010
BSE LIVE 13:41 | 18 Aug 13.05 0.62
(4.99%)
OPEN

11.82

HIGH

13.05

LOW

11.82

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 11.82
PREVIOUS CLOSE 12.43
VOLUME 2576
52-Week high 15.25
52-Week low 9.12
P/E 23.30
Mkt Cap.(Rs cr) 10
Buy Price 13.05
Buy Qty 35.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.82
CLOSE 12.43
VOLUME 2576
52-Week high 15.25
52-Week low 9.12
P/E 23.30
Mkt Cap.(Rs cr) 10
Buy Price 13.05
Buy Qty 35.00
Sell Price 0.00
Sell Qty 0.00

Roopa Industries Ltd. (ROOPAINDS) - Auditors Report

Company auditors report

To

The members of

M/s. Roopa Industries Limited

Report on the financial statements

We have audited the accompanying financial statements of M/s. Roopa Industries Limited("the company") which comprise the Balance Sheet as at 31st March2015 the statement of profit and loss the Cash Flow statement for the year 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 stated in section 134(5) of the Companies' Act 2013 (the Act) with respect to the preparation of thesefinancial statements that give a true and fair view of the financial position financialperformance and cash flows of the company in accordance with the accounting principlesgenerally accepted in India including the accounting standards specified under section133 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 the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgements and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for the 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 misstatements whether due to fraudor 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 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 misstatements. An audit involvesperforming procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements.

The procedure selected depend on the auditors' judgement including the assessment ofthe risks of material misstatement of the financial statements whether due to fraud orerror. In making those risk assessments the auditor considers internal financial controlsrelevant to the Company's preparation of the financial statements that give a true andfair view in order to design audit procedures that are appropriate in the circumstancesbut not for the purpose of expressing an opinion on whether the Company has in place anadequate internal financial controls systems over financial reporting and the operatingeffective ness such controls. An audit also includes evaluating the appropriateness of theaccounting policies used and the reasonableness of the accounting estimates made by theCompany's Directors as well as evaluating the overall presentation of the financialstatements.

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 of the state of affairs of the Company as at 31stMarch 2015 and its Profit and its cash flows 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 by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act and on the basis of checks of the books and records of the Company as weconsidered appropriate and accord to the information and explanations given to us we givein the Annexure a statement on the matters specified in paragraphs 3 and 4 of the saidOrder.

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 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 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 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 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 director in terms of section164(2) of the Act.

f. With respect to the other matters to be included in the Auditors' 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 legal pending matters which are to be disclosed in itsFinancial Statements.

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

iii. The Company does not have any amount required to be transferred to InvestorEducation and Protection Fund during the year ended 31st March 2015.

for T. ADINARAYANA & Co.
Chartered Accountants
Firm Regn.No.000041S
Y. PULLA RAO
Place : Hyderabad PARTNER
Date : 30th May 2015 (M.NO.25266)

ANNEXURE TO AUDIT REPORT

(Annexure referred to in paragraph 1 of Independent Audit Report of even date on theFinancial Statements of Roopa Industries Limited for the year ended 31st March2015)

i) In respect of Company’s Fixed Assets:

a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

b) The fixed assets were physically verified during the year by the Management inaccordance with a regular programme of verification which in our opinion provides forphysical verification of all the fixed assets at reasonable intervals. According to theinformation and explanation given to us no material discrepancies were noticed on suchverification.

ii) In respect of its inventory:

a) The inventories have been physically verified by the management during the year atreasonable intervals and in our opinion the frequency of verification is reasonable.

b) In our opinion and according to the information and explanation 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 information and explanations given to us theCompany has maintained proper records of its inventories and no material discrepancieswere noticed on physical verification.

iii) According to the information and explanation given to us the Company has notgranted any loans secured or unsecured to Companies firms or other parties covered inthe Register maintained under Section 189 of the Companies Act 2013 during the year.Therefore the provisions of clause 3 (iii) (a) & (b) of the Order are not applicable.

iv) In our opinion and according to the information and explanations given to ushaving regard to the explanations that there is an adequate internal control systemcommensurate with the size of the Company and the nature of its business with regard topurchases of inventory and fixed assets and for the sale of goods and services. During thecourse of our audit we have not observed any major weakness in such internal controlsystem.

v) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits in terms of the provisions of Section 73 and 76 orany other relevant provisions of the Companies Act 2013 and the Companies (Acceptance ofDeposits) Rules 2014.

vi) We have broadly reviewed the cost records maintained by the Company pursuant to theCompanies (Cost Accounting Records and Audit) Rules 2011 as amended prescribed by theCentral Government under sub-section (1) of section 148 of the Companies Act 2013 andare of the opinion that prima facie the prescribed cost records have been made andmaintained. We have however not made a detailed examination of the cost records with aview to determining whether they are accurate or complete.

vii) a. According to the information and explanations given to us the Company hasgenerally been regular in depositing undisputed dues including Provident Fund Employees'State Insurance Income Tax Sales Tax Wealth Tax Service Tax Customs Duty ExciseDuty Value Added Tax Cess and other material statutory dues applicable to it with theappropriate authorities.

There were no undisputed amounts payable in respect of these Provident Fund Employees'State Insurance Income tax Sales Tax Wealth Tax Service Tax Customs Duty ExciseDuty Value Added Tax Cess and other material statutory dues in arrears as at 31st March2015 for a period of more than six months from the date they became payable.

b. Details of dues of Income Tax Sales Tax Wealth Tax Service Tax Custom DutyExcise Duty VAT and Cess which have not been deposited as on 31st March 2015on account of dispute are given below:

S.No. Statue Nature of dues Amount (Rs.) Period Forum where dispute is pending
1. Income Tax Disallowance of Depreciation Rs.13.08 Lakhs 1996 Appeal filed by the department and pending Before Andhra Pradesh High court

c. In our opinion and according to the information and explanations given to us theCompany does not have any amounts required to be transferred to Investor Education andProtection Fund in accordance with the relevant provisions of the Act and Rulesthereunder.

viii) In our opinion and according to the information and explanations given to us theCompany does not have any accumulated losses as at the end of the financial year and theCompany has not incurred cash losses during the financial year covered by our audit. Butthe Company has incurred cash losses during preceding financial year.

ix) In our opinion and according to the information and explanations given to us theCompany has not defaulted in the repayment of dues to banks. The Company has not obtainedany loan from financial institutions and debenture holders.

x) According to the information and explanations given to us the Company has not givenany guarantee for loans taken by others from banks or financial institutions.

xi) According to the information and explanations given to us the Company has notobtained any term loan during the year.

xii) To the best of our knowledge and according to the information and explanationsgiven to us no fraud by the Company and no material fraud on the Company has been noticedor reported during the year.

for T. ADINARAYANA & Co.
Chartered Accountants
Firm Regn.No.000041S
Y. PULLA RAO
Place : Hyderabad PARTNER
Date : 30th May 2015 (M.NO.25266)