You are here » Home » Companies » Company Overview » Uniworth Securities Ltd

Uniworth Securities Ltd.

BSE: 512408 Sector: Others
NSE: N.A. ISIN Code: INE728J01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Uniworth Securities Ltd. (UNIWORTHSECURIT) - Auditors Report

Company auditors report

Report on the Financial Statements

1. We have audited the accompanying financial statements of Uniworth SecuritiesLimited ("the Company") which comprise the Balance Sheet as at 31 March2015 the Statement of Profit and Loss the Cash Flow Statement for the year then endedand a summary of significant accounting policies and other explanatory information whichwe have signed under reference to this report.

Management’s Responsibility for the Financial Statements

2. The Company’s Board of Directors is responsible for the matters stated inSection 134(5) of the Companies Act 2013 ("the Act") with respect topreparation of these 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 the assets of the Companyand for preventing and detecting frauds and other regularities; selection and applicationof appropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of internal financial controls thatwere operating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation of the financial statements that give a true and fairview and are free from material misstatement whether due to fraud or error.

Auditor’s Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit.

4. We have taken into account the provisions of the Act and the Rules made there underincluding the accounting standards and matters which are required to be included in theaudit report.

5. We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act and other applicable authoritative pronouncements issued by theInstitute of Chartered Accountants of India. Those Standards and pronouncements requirethat we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from materialmisstatement.

6. An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal control relevant to the Company’s preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion on theeffectiveness of the Company’s internal control. An audit also includes evaluatingthe appropriateness of accounting policies used and the reasonableness of the accountingestimates made by management as well as evaluating the overall presentation of thefinancial statements.

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

8. Basis for qualified opinion

The Company has not made provision for Rs 1708043.06 towards the old receivables(refer point no 19.7) 9. qualified Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us except for the effects of the matter described in the Basis for QualifiedOpinion Paragraph on the Profit and Reserves and Surplus for the year the financialstatements give the information required by the Act in the manner so required and give atrue and fair view in conformity with the accounting principles generally accepted inIndia: a) in the case of the balance sheet of the state of affairs of the Company as at31 March 2015; b) in the case of the statement of profit and loss of the profit for theyear ended on that date;and c) in the case of Cash Flow Statement of the Cash Flows forthe year ended on that date.

Report on Other Legal and Regulatory Requirements

10. As required by the Companies (Auditor’s Report) Order 2015 (hereinafterreferred to as "the Order") issued by the Central Government of India in termsof sub-section (11) of section 143 of the Act and on the basis of such checks of thebooks and records of the Company as we considered appropriate and according to theinformation and explanations given to us we give in the Annexure a statement on thematters specified in paragraphs 3 and 4 of the Order.

11. 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 the Cash Flow Statementdealt with by 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(Account) Rules 2014.

e. On the basis of written representations received from the directors as on 31 March2015 and taken on record by the Board of Directors none of the directors is disqualifiedas on 31 March 2015 from being appointed as a director in terms of Section 164(2) of theAct.

f. In our opinion based on the information and explanations given to us the Companyhas a reasonably adequate internal financial control system in place which is primafaciely operating effectively. However we have not conducted any detailed review of sucheffectiveness of the internal controls and our comments are based on over view in thenormal course of our audit.

g. In our opinion and to the best of our information and according to the explanationsgiven to us we report as under with respect to other matters to be included in theAuditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014:

i) The Company does not have any pending litigations as at March 31 2015 which wouldimpact its financial position.

ii) The Company did not have any long term contracts including derivatives contractsfor which there were any material foreseeable losses.

iii) There were no amounts required to be transferred by the Company to the InvestorEducation and Protection Fund.

For R. K.Chandak & Co.
FRN 319248E
Chartered Accountants
(Binay Sharma)
Place : Kolkata Partner
Date : 28th May 2015 Membership No : 065863

Annexure to the Independent Auditors’ Report

Referred to in paragraph 9 of the Independent Auditors’ Report of even date to themembers of Uniworth Securities Limited on the financial statements for the year endedMarch 312015.

i) a) Proper records showing full particulars including quantitative detailssituation of fixed assets are under up-dation.

b) Fixed assets have been physically verified by the management during the year whichin our opinion is reasonable having regard to the size of the company and the nature ofits fixed assets. As informed no discrepancies were noticed on such physical verification.

c) There was no disposal of fixed assets during the year.

ii) a) The management has conducted physical verification of inventory at reasonableintervals during the year.

b) The procedure of physical verification of inventory followed by the management isin our opinion reasonable and adequate in relation to the size of the company and thenature of its business.

c) The company is maintaining proper records of inventory and no discrepancies werenoticed on physical verification.

iii) The Company has not granted any loan secured or unsecured to companies firms orother parties covered in the register maintained under section 189 of the Act. In viewthereof clauses (iii) (a) and (iii)(b) of the said order are not applicable to theCompany.

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 with regard to purchase of inventory and fixed assets and for thesale of the goods and services. Further on the basis of our examination and according tothe information and explanations given to us we have neither come across nor have we beeninformed of any instance of major weakness in the aforesaid internal control system.

v) The Company has not accepted any deposits from public within the meaning of section73 to 76 or any other relevant provisions of the Act and the rules framed there under. Thedirectives issued by the Reserve Bank of India are not applicable to the Company.

vi) Maintenance of Cost records as prescribed by the Central Government under section148(1) the Act is not applicable.

vii) a) On the basis of our examination the Company is regular in depositingundisputed statutory dues including provident fund employees’ state insuranceincome tax sales tax wealth tax service tax duty of customs duty of excise valueadded tax cess and other statutory dues to the extent applicable with appropriateauthorities and no undisputed amount payable in respect of aforesaid dues were outstandingas at 31st March 2015 for a period of more than six months from the date of becomingpayable.

b) According to information and explanation given to us by the management there are noamounts payable in respect of statutory dues which have not been deposited on account ofany disputes.

c) There are no amounts which are required to be transferred to the Investor Educationand Protection fund in accordance with the provisions of the Companies Act 1956 and therules made there under.

viii) The company has no accumulated losses at the end of the financial year and it hasnot incurred any cash losses in the current and immediately preceding financial year.

ix) Based on our audit procedure and as per the information and explanation given bythe management we are of the opinion that the company has not defaulted in repayment ofdues to Financial Institutions or Banks. The Company has not issued any debentures.

x) On the basis of our examination and according to information and explanation givento us the Company has not given any guarantee for loan taken by others from banks orfinancial institutions.

xi) Based on the information and explanation given to us no term loan has been takenby the Company.

xii) Based upon the audit procedure performed for the purpose of reporting true andfair view of the financial statement and as per information and explanation given by themanagement we report that no fraud on or by the company has been noticed or reportedduring the course of our audit.

For R. K.Chandak & Co.
FRN 319248E
Chartered Accountants
(Binay Sharma)
Place : Kolkata Partner
Date : 28th May 2015 Membership No : 065863