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SGN Telecoms Ltd.

BSE: 531812 Sector: Engineering
NSE: N.A. ISIN Code: INE266C01023
BSE 14:40 | 03 Apr Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.19
PREVIOUS CLOSE 0.19
VOLUME 111
52-Week high 0.20
52-Week low 0.19
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.19
Sell Qty 1889.00
OPEN 0.19
CLOSE 0.19
VOLUME 111
52-Week high 0.20
52-Week low 0.19
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.19
Sell Qty 1889.00

SGN Telecoms Ltd. (SGNTELECOMS) - Auditors Report

Company auditors report

TO THE MEMBERS OF SGN TELECOMS LIMITED

Report on the Financial Statements

We have audited the a company in nancial statements of SGN TELECOMS LIMITED ("thecompany") which comprise the Balance Sheet as at 31March 2017 the Statement of Prot and Loss the Cash Flow Statement for the year then ended and a summary of signi cantaccounting policies and of her explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters in section134 (5)of theCompanies Act2013 ("the Act") with respect to the preparation of these nancialstatements that give a true and fair view of the nancial position nancial performance andcash ows of the Company in accordance with the accounting principles generally accepted inIndia including the Accounting Standards speci ed under Section 133 of the Act read withRule 7 of the Companies (Accounts) Rules 2014.This responsibility also includes themaintenance of adequate accounting records in accordance with the provision of the Act forsafe guarding of the assets of the Company and for preventing and detecting the frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of internal nancial control that were operating electively for ensuring theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the nancial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these nancial 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 speci ed 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 nancial statements are free from material mis-statement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the nancial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the nancialstatements whether duet fraud or error. In making those risk assessments the auditorconsiders internal nancial control relevant to the Company' s preparation of the nancialstatements that give true and fair view in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made byCompany's Directors as well as evaluating the overall presentation of the nancialstatements. We believe that the audit evidence we have obtained is su cient andappropriate to provide a basis for our audit opinion on the nancial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the afore said nancial statements give the information required by the Actin the manners or 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 stateof a airs of the Company as at March 31 2017; b) In the case of the Statement of Pro tand Loss of the pro t for the year ended on that date; and c) In the case of the CashFlow Statement of the cash ows for the year ended on that date.

Emphasis of Matters N.A

Report on other Legal and Regulatory Requirements

As required by section 143(3) of the Act we report that:

a) ave sought and obtained all the information and explanations which to the best ofour knowledge and belief were necessary for the purpose so four 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[and proper returns are quotefor the purposes of our audit have been received from the branches not visited by us]

c) The Balance Sheet the Statement of Pro t and Loss and Cash Flow Statement dealtwith by this Report are in agreement with the books of account.

d) In our opinion the a fore said nancial statements comply with the AccountingStandards speci ed 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 31March2017take non record by the Board of Directors none of the directors is disquali ed ason 31March2017 from being appointed as a director in terms of Section 164(2) of the Act.

f) With respect to the other matters included in the Auditor's Report and to our bestof our information and according to the explanations given to us:

i.The Company has disclosed the impact of pending litigations on its nancial positionin its nancial statements or the Company does not have any pending litigations which wouldimpact its nancial position

ii.The Company has made provision as required under the applicable law or accountingstandards for material for esee able losses if any and as required on long termcontracts including derivative contracts.

iii. In view of the losses is our openion the company is not required to transfer anyfunds to investor education protection fund.

For NARINDER KUMAR & COMPANY.
Chartered Accountants
(Narinder kumar Garg)
Place: .KHARAR Prop.
Date: 26.05.2017. Membership No. 080287

Annexure to the Independent Auditors' Report

The Annexure referred to in our Independent Auditors' Report to the members of theCompany on the standalone financial statements for the year ended 31 March 2017 we reportthat:

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

(b) The Company has a regular programme of physical verification of its fixed assets bywhich fixed assets are verified in a phased manner over a period of three years. Inaccordance with this programme certain fixed assets were verified during the year and nomaterial discrepancies were noticed on such verification. In our opinion this periodicityof physical verification is reasonable having regard to the size of the Company and thenature of its assets.

(ii) (a) The Company has not granted loans to three bodies corporate covered in theregister maintained under section 189 of the Companies Act 2013 (‘the Act').

(iii) The Company has not accepted any deposits from the public.

(iv) The Central Government has not prescribed the maintenance of cost records undersection 148(1) of the Act for any of the services rendered by the Company.

(vi) (a) According to the information and explanations given to us and on the basis ofour examination 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 wealth tax service tax duty of customs value added tax cess and othermaterial statutory dues have been regularly deposited during the year by the Company withthe appropriate authorities. As explained to us the Company did not have any dues onaccount of employees' state insurance and duty of excise.

According to the information and explanations given to us no undisputed amountspayable in respect of provident fund income tax sales tax wealth tax service tax dutyof customs value added tax cess and other material statutory dues were in arrears as at31 March 2017 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us there are no materialdues of wealth tax duty of customs and cess which have not been deposited with theappropriate authorities on account of any dispute. However according to information andexplanations given to us the following dues of income tax sales tax service tax andvalue added tax have not been deposited by the Company on account of disputes:

(C) According to the information and explanations given to us the Company is not liableto transfer any fund to Investor Education and Protection fund. (Vii) The Company hasoutstanding accumulated losses at the end of the financial year and has incurred cashlosses in the financial year and and in the immediately preceding financial year.

(Viii) The Company did not have any outstanding dues to financial institutions banksor financial institutions.

(ix) In our opinion and according to the information and the explanations given to usthe company has not given any guarantee for loans taken by others from banks or financialinstitutions.

(x) The company did not have any term loans outstanding during the year.

(xi) According to the information and explanations given to us. no material fraud onor by the Company has been noticed or reported during the course of our audit.

Place:-kharar For NARINDER KUMAR AND COMPANY
Date:-26.05.2017 CHARTERED ACCOUNTANTS
(Narinder KumarGarg)
Prop.
M.No-080287

Independent Auditors' Report

TO THE MEMBERS OF SGN TELECOMS LIMITED

Reportonthe Financial Statements

We have audited the company in nancial statements of SGN TELECOMS LIMITED LIMITED("thecompany") which comprise the Balance Sheetasat 31March 2017 the Statementof Pro t and Loss the Cash Flow Statement for the year the enended and a summary ofsigni cant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters in section134 (5) ofthe Companies Act2013 ("the Act") with respect to the preparation of thesenancial statements that give a true and fair view of the nancial position nancialperformance and cash ows of the Company in accordance with the accounting principlesgenerally accepted in India including the Accounting Standards speci ed under Section133of the Act read with Rule 7 of the Companies (Accounts) Rules 2014.This responsibilityalso includes the maintenance of a de quate accounting records in accordance with theprovision of the Act for safe guarding of the assets of the Company and for preventing anddetecting the frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; and esign implementation and maintenance of internal nancial control that were operatingelectively for ensuring the accuracy and completeness of the accounting records relevantto the preparation and presentation of the nancial statements that give a true and fairview and are free from material misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these nancial statements based on ouraudit. We have taken in to 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 speci ed 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 nancial statements are free from materialism - statement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the nancial statements. The procedures elected depend on the auditor'sjudgment including the assessment of the risks of material is statement of the nancialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal nancial control relevant to the Company' s preparation of the nancialstatements that give true and fair view in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made byCompany's Directors as well as evaluating the overall presentation of the nancialstatements. We believe that the audit evidence we have obtained is su cient andappropriate to provide a basis for our audit opinion on the nancial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to usthe a for esaid nancial statement sgive the information required by the Actin the manners or equired 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 stateof a airs of the Company as at March 31 2017; b) In the case of the Statement of Pro tand Loss of the pro t for the year ended on that date; and c) In the case of the CashFlow Statement of the cash ows for the year ended on that date.

Emphasis of Matters N.A

Report on other Legal and Regulatory Requirements

As required by section 143(3) of the Act we report that:

c) e have sought and obtained all the information and explanations which to the best ofour knowledge and belief were necessary for the purposes of our audit.

d) In our opinion proper books of account as required by law have been kept by theCompany s of aras appears from our examination of those books [and proper returns adequate for the purposes of our audit have been received from the branches not visited byus]

c) The Balance Sheet the Statement of Pro t and Loss and Cash Flow Statement dealtwith by this Report are in agreement with the books of account.

d) In our opinion the afore said nancial statements comply with the AccountingStandards speci ed 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 31March2017taken on record by the Board of Directors none of the directors is disquali ed as on31March2017 from being appointed as a director in terms of Section 164(2) of the Act.

f) With respect to the other matters included in the Auditor's Report and to our bestof our information and according to the explanations given to us:

i. The Company has disclosed the imp act of pending litigations on its nancial positionin its nancial statements or the Company does not have any pending litigations which wouldimp act its nancial position

ii. The Company has made provision as required under the applicable law or accountingstandards for material for seeable losses if any and as required on long term contractsincluding derivative contracts.

iii. In view of the losses is our openion the company is not required to transfer anyfunds to investor education protection fund.

Place: .KHARAR For NARINDER KUMAR & COMPANY.
Date: 26.05.2017. Chartered Accountants
(Narinder kumar Garg)
Prop.
Membership No. 08028