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Super Crop Safe Ltd.

BSE: 530883 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE366G01014
BSE LIVE 19:40 | 19 Oct 153.20 5.45
(3.69%)
OPEN

155.00

HIGH

160.00

LOW

151.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 155.00
PREVIOUS CLOSE 147.75
VOLUME 3418
52-Week high 172.40
52-Week low 90.70
P/E 35.55
Mkt Cap.(Rs cr) 120
Buy Price 153.20
Buy Qty 41.00
Sell Price 0.00
Sell Qty 0.00
OPEN 155.00
CLOSE 147.75
VOLUME 3418
52-Week high 172.40
52-Week low 90.70
P/E 35.55
Mkt Cap.(Rs cr) 120
Buy Price 153.20
Buy Qty 41.00
Sell Price 0.00
Sell Qty 0.00

Super Crop Safe Ltd. (SUPERCROPSAFE) - Auditors Report

Company auditors report

TO THE MEMBERS OF SUPER CROP SAFE LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of SUPER CROP SAFELIMITED ("the Company") which comprise the Balance Sheet as at 31st March2015 the Statement of Profit and Loss the Cash Flow Statement for the year then endedand a summary of the 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 preparation ofthese standalone financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial 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 on these standalone financial statementsbased on our audit.

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 misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers 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 an opinion onwhether the Company has in place an adequate internal financial controls system overfinancial

reporting and the operating effectiveness of such controls. An audit also includesevaluating the appropriateness of the accounting policies used and the reasonableness ofthe accounting estimates made by the Company's Directors as well as evaluating theoverall 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 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 bythe Central Government of India in terms of subsection (11) of section 143 of the Act wegive in the Annexure a statement on the matters specified in the paragraph 3 and

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 purposes 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 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 the books of account.

(d) In our opinion subject to G and O of Significant policies the aforesaidstandalone financial statements comply with the Accounting Standards specified underSection 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 31stMarch 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in terms of Section164 (2) of the Act.

(f) 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 which would impact its financialposition

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were 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 Parimal S. Shah & C0.
Chartered Accountants
FRN : 107591W
(Parimal S. Shah)
Place : Ahmedabad Proprietor
Date : 30.05.2015 M. No. 038507

ANNEXURE TO THE AUDITOR'S REPORT

(i) (a) The Company has maintained proper records to show full particulars includingquantitative details and situations of fixed assets.

(b) As per information given to us the fixed assets of the company have beenphysically verified by the management during the year and no material discrepancies werenoticed by the management on such verification.

(ii) (a) As per information and explanations given to us physical verification offinished goods stores spare parts and raw materials have been conducted by themanagement at the reasonable intervals.

(b) The procedures of physical verification of the stock followed by the management arereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

(c) The Company is maintaining proper records of inventory discrepancies noticed onphysical verification have been properly dealt with in the books of accounts.

(iii) (a) The company has not granted any secured or unsecured loan to the companiesfirms or other parties listed in the register maintained under Section 189 of theCompanies Act 2013.

(iv) In our opinion and according to information and explanations given to us there areadequate internal control procedures commensurate with the size of the company and thenature of its business for purchase of inventory fixed assets and for the sale of thegoods. During the course of our audit we have not observed any continuing failure tocorrect major weaknesses in internal control.

(v) According to the information and explanation given to us the Company has notaccepted any deposits from the public. Therefore this clause is not applicable.

(vi) We have broadly reviewed the cost records maintained by the Company pursuant tothe Companies (Cost Records and Audit) Rules 2014 prescribed by the Central Governmentunder section 148(1)(d) of the Companies Act 2013 and are of the opinion that primafacie the prescribed cost records have been maintained. We have however not made adetailed examination of the cost records with a view to determine whether they areaccurate or complete.

(vii) (a) According to the records of the company undisputed statutory dues includingprovident fund employees' state insurance income-tax sales-tax wealth tax servicetax duty of customs duty of excise value added tax cess and any other statutory duesexcept provident fund and income tax have been generally regularly deposited with theappropriate authorities. According to information and explanations given to us Noundisputed amounts except advance income tax of Rs 495000 payable in respect of theaforesaid dues were outstanding as at 31st March 2015 for a period of more than sixmonths from the date those become payable.

(b) According to information and explanations given to us following statutory dueshave not been deposited as on March 31 2015 on account of disputes:

Sr No. Name of Statute Nature of Dues Amount (Rs) Period for which amount relates Forum where dispute is pending
1 Central Sales Tax Act1956 CST/VAT 405809 FY 2009-10 Dy Commissioner of Commercial Tax Appeal-2
2 Central Sales Tax Act1956 CST/VAT 520009 FY 2010-11 Dy Commissioner of Commercial Tax Appeal-2
TOTAL 925818

(c) According to the records of the company there are no amounts that are due to betransferred to investor education and protection fund in accordance with the relevantprovisions of the Companies Act 1956 (1 of 1956) and rules made there under.

(viii) The Company has no accumulated losses and has not incurred any cash lossesduring the financial year covered by our audit or in the immediately preceding financialyear.

(ix) Based on our audit procedures and according to the information and explanationgiven to us we are of the opinion that the company has not defaulted in repayment of duesto financial institutions banks or debenture holders.

(x) In our opinion and according to the information and explanations given to us thecompany has not given any guarantee for loans taken by others from bank or financialinstitutions.

(xi) In our opinion and according to the information and explanations given to us theterm loans were applied for the purpose for which the loans were obtained.

(xii) According to the information and explanations given to us no fraud on or by theCompany has been noticed or reported during the financial year.

For Parimal S. Shah & C0.
Chartered Accountants
FRN : 107591W
(Parimal S. Shah)
Place : Ahmedabad Proprietor
Date : 30.05.2015 M. No. 038507