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Swagruha Infrastructure Ltd.

BSE: 531909 Sector: Industrials
NSE: N.A. ISIN Code: INE587J01027
BSE LIVE 11:02 | 04 Aug 5.00 0
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OPEN

5.00

HIGH

5.00

LOW

5.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.00
PREVIOUS CLOSE 5.00
VOLUME 2
52-Week high 5.24
52-Week low 3.80
P/E 500.00
Mkt Cap.(Rs cr) 34
Buy Price 0.00
Buy Qty 0.00
Sell Price 5.00
Sell Qty 298.00
OPEN 5.00
CLOSE 5.00
VOLUME 2
52-Week high 5.24
52-Week low 3.80
P/E 500.00
Mkt Cap.(Rs cr) 34
Buy Price 0.00
Buy Qty 0.00
Sell Price 5.00
Sell Qty 298.00

Swagruha Infrastructure Ltd. (SWAGRUHAINFRA) - Auditors Report

Company auditors report

AUDITORS

TO

THE MEMBERS OF

SWAGRUHA INFRASTRUCTURE LIMITED

Hyderabad.

Report on the financial Statements

We have audited the accompanying financial statements of Swagruha InfrastructureLimited which comprise the Balance Sheet as at 31st March 2014 the statement ofProfit & Loss and Cash Flow Statement for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Companies management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position and financialperformance of the company in accordance with the accounting standards referred to inSub-section (3C) of section 211 of the Companies Act 1956. This responsibility includesthe design implementation and maintenance of internal control relevant to the preparationand presentation of the financial statements that give a true and fair view and are freefrom material misstatement whether due to fraud or error.

Auditor's Responsibility

We have audited the attached Balance Sheet of M/s. SWAGRUHA INFRASTRUCTURE LIMITEDHyderabad as at 31st March2014 the Profit & Loss Account and also theCash Flow statement for the year ended on the date annexed thereto. These financialstatements are the responsibility of the company’s management. Our responsibility isto express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted inIndia. These standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of material misstatements. Anaudit includes examining on test basis evidence supporting the amounts and disclosures inthe financial statements. An audit also includes assessing the accounting principles usedand significant estimates made by the management as well as evaluating the overallfinancial statement presentation.

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

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the said accounts read with other notes to accounts and accounting policiesgive the information required by the Companies Act1956 in the manner so required andgive a true and fair view:

a) In the case of the Balance Sheet of the state of affairs of the Company as at 31stMarch2014 and

b) In the case of the Profit and Loss Account of the Profit for the year ended on thatdate;

c) In the case of the Cash Flow Statement of the cash flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2003 ("the Order")issued by the Central Government in terms of section 227(4A) of the Act we give in theAnnexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(3) of the Act we report that:

a) We have obtained all the information and explanations which to the best of ourknowledge 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 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 Balance Sheet the Statement of Profit and Loss and Cash FlowStatement comply with the Accounting Standards referred to in Section 211(3C) of the Act.

e) On the basis of written representations received from the directors as on 31st March2014 and taken on record by the Board of Directors none of the directors is disqualifiedas on 31st March 2014 from being appointed as a director in terms section 274(1)(g) ofthe Companies Act.

For M M REDDY & CO.
Chartered Accountants
Firm Regi. No.010371S
Sd/-
M.Madhusudhana Reddy
Partner
Membership No.213077
Place:Hyderabad
Date: May 30th 2014.

ANNEXURE TO AUDITORS' REPORT

(Referred to in paragraph 1 under Report on other Legal and Regulatory requirements'section of our report)

On the basis of such checks as we considered appropriate and in terms of informationand explanations given to us we state that:

1. In respect of fixed assets:

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

b. Fixed assets are physically verified by the management at reasonable intervals in aphased manner in accordance with a programme of physical verification. Discrepanciesnoticed on such verification which were not material have been properly dealt with inthe accounts.

c. There was no substantial disposal of fixed assets during the year. 2. In respect ofinventories: a. The inventories were physically verified by the management at reasonableintervals during the year.

b. The procedures of physical verification of inventories followed by the managementare reasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

c. The company has maintained proper records of its inventories and no materialdiscrepancies were noticed on physical verification.

3. The company has not granted any loans secured or unsecured to companies firms orother parties covered in the register maintained under section 301 of the Companies Act1956. The company has not taken any loans secured or unsecured from the parties coveredin the register maintained under section 301 of the Companies Act 1956.

4. There are adequate internal control procedures commensurate with the size of thecompany and the nature of its business with regard to purchase of inventory and fixedassets and for the sale of goods and services. During the course of our audit no majorweakness has been noticed in the internal controls.

5. In respect of transactions entered in the register maintained in pursuance ofsection 301 of the Companies Act 1956:

a. Based on the audit procedures applied by us and according to the information andexplanations given to us the particulars of contracts or arrangements referred to insection 301 of the Act have been entered in the register maintained under that section.

b. The transactions made in pursuance of such contracts or arrangements have been madeat the prices which are prima facie reasonable having regard to the prevailing marketprices at the relevant time wherever such comparison is possible.

6. The company has not accepted any deposits within the meaning of section 58A and 58AAof the Companies Act 1956 and the rules framed there under.

7. In our opinion the company has an internal audit system commensurate with its sizeand the nature of its business.

8. We have broadly reviewed the cost records maintained by the company pursuant to theCompanies (Cost Accounting Records) Rules 2011 prescribed by the Central Government underSection 209(1)(d) of the Companies Act 1956 and are of the opinion that prima facie theprescribed cost records have been maintained. We have however not made a detailedexamination of the cost records with a view to determine whether they are accurate orcomplete.

9. In respect of statutory and other dues: a) According to the records of the companythe company is regular in depositing undisputed statutory dues including provident fundemployees’ state insurance Income Tax Wealth Tax Customs Duty Excise duty cessand other material statutory dues applicable at the end of the year for a period of morethan six months from the date they became payable.

(b) According to the information and explanations given to us there are no income taxwealth tax sales tax customs duty and excise duty which have not been deposited onaccount of any dispute. There were no dues on account of cess under 441A of the CompaniesAct 1956 since the date from which the aforesaid section comes into force has not yetbeen notified by the Central Government.

10. The company does not have any accumulated losses as at the end of the financialyear. The company has not incurred cash losses during the current or in the immediatelypreceding financial year.

11. Based on our audit procedures and the information and explanations given to us thecompany has not defaulted in repayment of dues to financial institutions or banks. Thecompany has not obtained any borrowings by way of debentures.

12. The company has not granted loans or advances on the basis of security by way ofpledge of shares debentures and other securities.

13. In our opinion the company is not a chit fund or a nidhi/mutual benefitfund/society. Therefore the provisions of clause 4 (xiii) of the Order are not applicableto the company.

14. The company is not dealing in or trading in shares securities debentures andother investments. Accordingly the provisions of clause 4(xiv) of the Order are notapplicable to the company.

15. The company has not given any guarantees for loans taken by others from banks andfinancial institutions.

16. The term loans taken have been applied for the purpose for which it was raised.

17. According to the information and explanations given to us and on an overallexamination of the balance sheet of the company funds raised on short-term basis primafacie have not been used during the year for long-term investment.

18. The company has not made any preferential allotment of shares to parties orcompanies covered in the register maintained under section 301 of the Companies Act 1956.

19. The company did not have any outstanding debentures during the year.

20. The company has not raised any money through a public issue during the year.

21. To the best of our knowledge and belief and according to the information andexplanations given to us no fraud on or by the Company was noticed or reported during theyear.

For M M REDDY & CO.
Chartered Accountants
Firm Reg. No.010371S
Sd/-
M. Madhusudhana Reddy
Partner
Membership No.213077
Place: Hyderabad
Date: 30th May2014