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Rotographics (India) Ltd.

BSE: 539922 Sector: Others
NSE: N.A. ISIN Code: INE364S01014
BSE LIVE 15:15 | 16 Aug 9.50 0.45
(4.97%)
OPEN

9.50

HIGH

9.50

LOW

9.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 9.50
PREVIOUS CLOSE 9.05
VOLUME 106
52-Week high 18.30
52-Week low 8.75
P/E 237.50
Mkt Cap.(Rs cr) 3
Buy Price 9.06
Buy Qty 1.00
Sell Price 9.50
Sell Qty 894.00
OPEN 9.50
CLOSE 9.05
VOLUME 106
52-Week high 18.30
52-Week low 8.75
P/E 237.50
Mkt Cap.(Rs cr) 3
Buy Price 9.06
Buy Qty 1.00
Sell Price 9.50
Sell Qty 894.00

Rotographics (India) Ltd. (ROTOGRAPHICSI) - Auditors Report

Company auditors report

THE MEMBERS

M/S ROTOGRAPHICS (INDIA) LIMITED Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of Rotographics(India) Limited (‘the Company') which comprise the balance sheet as at 31stMarch 2016 the statement of profit and loss and the cash flow statement for the year thenended and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Standalone Financial Statements

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 preparationand presentation of these standalone financial statements that give a true and fair viewof the financial position financial performance and cash flows of the company inaccordance with the accounting principles generally accepted in India including theAccounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014. This responsibility also includes maintenance ofadequate accounting records in accordance with the provision of the Act for safeguardingthe assets of the company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on 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 audit reportunder the provisions of the Act and 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 statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders 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 but not for the purpose of expressing anopinion on whether the company has in place an adequate internal financial controlssystems over financial reporting and the operating effectiveness of such controls. Anaudit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as well asevaluating the overall presentation 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 standalone 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 of the state of affairs of the Companyas at 31st March 2016 and its profit and its 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 2016 ("the Order")issued by the Central Government of India in terms of Sub-section (11) of section 143 ofthe Act we give in the Annexure a statement on the matters specified in the paragraph 3and 4 of the order to the extent applicable.

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 appears from our examination of those books

c) the Balance Sheet the Statement of Profit and Loss and Cash flow statement dealtwith by this Report are in agreement with the books of account.

d) in our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

e) on the basis of written representations received from the directors as on March312016 and taken on record by the Board of Directors none of the directors isdisqualified as on March 312016 from being appointed as a director in terms of section164 (2) of the Act; and

f) With respect to the adequacy of the internal financial controls over financialreporting of the company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure B".

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 litigation which impacts on its financial position in itsfinancial statements.

ii. the company did not have any long term contracts including derivatives contractsfor which there was any material foreseeable losses.

iii. there were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the company.

For J.K. MONGA & ASSOCIATES

CHARTERED ACCOUNTANTS

(JAYANT K. MONGA)

Partner

Membership No.: 084641

Date: 27th May 2016

Place: New Delhi

Annexure A to the Auditor's Report

The Annexure referred to in Independent Auditor's Report to the Members of the companyon the standalone

Financial Statements for the year ended March 312016 we report that:

1.

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

b) All fixed assets have been physically verified by the management during the year andthere is a regular programme of verification which in our opinion is reasonable havingregard to the size of the company and the nature of its assets. No material discrepancywas noticed on such verification.

c) In our opinion and according to the information and explanation given to us duringthe year substantial part of fixed assets have not been disposed off by the company.

2. The management has conducted physical verification of inventory at reasonableintervals during the year and no material discrepancies were noticed on such physicalverification.

3. According to the information and explanation given to us the company has notgranted any loans secured or unsecured to the companies firms Limited LiabilityPartnerships or other parties covered in the registered maintained u/s 189 of theCompanies Act2013 during the year.

4. In our opinion and according to the information and explanations given to us thecompany has not granted any loans guarantees and securities in respect of whichprovisions of Section 185 and 186 of the Companies Act 2013 are applicable during theyear.

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

6. According to the information given to us the Central Government has not prescribedthe maintenance of cost records under sub-section (1) of section 148 of the Companies Actin respect of any of the Company's products.

7.

a) According to the Book and records as produced and examined by us in accordance withgenerally accepted auditing practices in India and also based on ManagementRepresentations undisputed statutory dues which are applicable to the company includingIncome tax Sales tax Custom Duty cess and other statutory dues have been regularlydeposited by the company with the appropriate authorities.

b) According to information and explanations given to us and the records of the companyexamined by us as on 31st March 2016 there is no amount due in case of Income tax/SalesTax/Custom Duty/cess in respect of which there is any dispute with any statutoryauthority.

8. The company does not have any loans or borrowings from any financial institutionbanks or Government during the year.

9. The company did not raised any money by way of initial public offer or furtherpublic offer (including debt instruments) and term loans during the year.

10. According to the information and explanations 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 explanation given to us and based on ourexamination of the records of the company the company has not paid/provided anymanagerial remuneration due to inadequate profits during the year.

12. In our opinion and according to the information and explanation given to us thecompany is not a Nidhi company.

13. According to the information and explanations given to us and based on ourexamination of the records of the company there are no transactions with the relatedparties. Hence section 177 and 188 of the Companies Act 2013 are not applicable to thecompany.

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 debenture 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 them.

16. According to the information and explanations given to us the provision of section45-IA of the Reserve Bank of India Act 1934 are not applicable to the company.

For J.K. MONGA & ASSOCIATES

CHARTERED ACCOUNTANTS

(JAYANT K.MONGA)

Partner

Membership number: 084641

Date: 27th May 2016

Place: New Delhi

Report on the Internal Financial Controls under Clause (i) of sub-section 3 of Section143 of the Companies Act 2013 (‘the Act')

We have audited the accompanying standalone financial statements of Rotographics(India) Limited (‘the Company') which comprise the balance sheet as at 31 stMarch 2016 in conjunction with our audit of the consolidated financial statements of theCompany for the year 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 the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India (‘ICAI'). Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to company's policies the safeguarding ofits assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Companies Act 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls over Financial Reporting(the ‘Guidance Note') issued by ICAI and the Standards on Auditing issued by ICAIand deemed to be prescribed under Section 143(10) of the Companies Act 2013 to theextent applicable to an audit of internal financial controls both issued by the Instituteof Chartered Accountants of India. Those Standards and the Guidance Note require that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether adequate internal financial controls over financial reporting wasestablished and maintained and if such controls operated effectively in all materialrespects.

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 over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditors' judgment including the assessment of the risks ofmaterial 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 ofrecords that in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the Company; (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures of the Company are being made only in accordance with authorizations ofmanagement and directors of the Company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of theCompany's assets that could have a material effect on the financial statements.

Inherent Limitations 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 be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company which is company incorporated in India has in allmaterial respects an adequate internal financial controls system over financial reportingand such internal financial controls over financial reporting were operating effectivelyas at 31 March 2016 based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls Over Financial Reportingissued by the ICAI.

For J.K. MONGA & ASSOCIATES

CHARTERED ACCOUNTANTS

(JAYANT K.MONGA)

Partner

Membership number: 084641

Date: 27th May 2016

Place: New Delhi