You are here » Home » Companies » Company Overview » Vogue Textiles Ltd

Vogue Textiles Ltd.

BSE: 530583 Sector: Industrials
NSE: N.A. ISIN Code: INE047F01012
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

Vogue Textiles Ltd. (VOGUETEXTILES) - Auditors Report

Company auditors report

TO THE MEMBERS OF VOGUE TEXTILES LIMITED

I have conducted audited the accompanying financial statement of M/s Vogue TextilesLimited " the Company" ) which comprise the Balance Sheet as at 31st March2015 the Statement of profit and loss and Cash Flow Statement for the year than ended.

Management Responsibility for the Financial Statements

The Company's Management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position financial performanceand cash flow of the Company in accordance with the Accounting Standards notified underthe Companies Act1956 ("the Act") (which continue to be applicable in respectof Section 133 of the Companies Act2013 in terms of General Circular 15/2013 datedSeptember132013 of the Ministry of Corporate Affairs) .The responsibility includes thedesign 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 Responsibility

Our responsibility is to express as opinion on these financial based on our audit . Weconducted our audit in accordance with the Standard on Auditing issued by the Institute ofChartered Accountants of India. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statement are free form 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's including the assessment of the risk of material misstatement of thefinancial statement whether due to fraud or error. In making those risk preparation andpresentation of the financial statements of the in order to design audit procedures thatare appropriate in the circumstance but not for the purpose of expressing an opinion onthe effectiveness of the Company's internal control. An and the reasonableness of theaccounting estimates made by the Management as well as evaluating the overallpresentation of the financial statements.

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

Opinion

In our and to the best of our information and according to the explanation given to us.The aforesaid financial statements give the information required by the Act in the mannerso required and give a true and fair view in conformity with the accounting principalsgenerally accepted in India:

(i) In case of the Balance Sheet of the state of affairs of the Company as atMarch312015.

(ii) In case of the Statement of Profit and Loss of the profit of the Company for theyear ended on that date;

(iii) In the case of the Cash Flow Statements of the cash flow of the Company for theyear ended on that date.

Report on Other Legal and Regulatory Requirements.

1. As required by the manufacturing and other companies (Auditor's Report) Order 2003issued by the Company Law Board interims of Section 227 (4) of the Companies Act 1956 weannex thereto a statement on the matter specified in paragraph 4 & 5 of the saidorder.

2. Further to our comments in the Annexure referred to in Paragraph 1 above.

(i) We have obtained all the information and explanation which to the best of ourknowledge and belief were necessary for the purpose of our audit;

(ii) In our opinion proper books of accounts as required by law have been kept by thecompany so far as appear from our examination of the books;

(iii) The Balance Sheet and Profit and Loss Account dealt with by the report are inagreement with the books of accounts;

(iv) In our opinion the Balance Sheet and the Profit and Loss Account and Cash flowstatement comply with the Accounting Standards notified under the Act ( Which continue tobe applicable in respect of Section 133 of Companies Act2013 in terms of GeneralCircular15/2013 dated September132013 of the Ministry of Corporate Affairs .

On the basis of written representation received from the directors as on 31st March2015 and taken on record by the Board of Directors we report that none of the directorsis disqualified as on 31st March 2015 from being appointed as a director in terms ofclause (g) of subsection (1) of section 274(1) ( of the Companies Act 1956;

(v) In our opinion and to the best of our information and according to the explanationgiven to us in manner so required and give a true and fair view in conformity with theaccounting principle accepted in India:

(a) In the case of Balance Sheet of the state of affair of the company as at 31stMarch 2015

(b) In the case of the Profit and Loss account of the Profit / Loss for the year endedon that date; and

(c) In the case of the cash flow statement of the cash flow for the year ended on thatdate.

For Bahl & Batra
Chartered Accountants
(Registration No. 18250N)
Place : New Delhi (Rajesh Bahl)
Date : 03th October 2015 Partner
Membership. No. : 83700

ANNEXURE TO THE AUDITOR'S REPORT

(Referred to in Paragraph 1 under the heading of 'Report on Other Legal and RegulatoryRequirements' of our report of even date)

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

(b) As explained to us these fixed assets have been physically verified by themanagement at reasonable intervals; and no material discrepancies were noticed upon suchverification.

2. (a) Physical verification of inventory has been conducted at reasonable intervals bythe management at site.

(b) The Procedures of physical verification of inventory are followed by the managementreasonable and adequate in relation to the size of the company and the nature of itsbusiness.

(c) The company is maintaining proper records of inventory and no materialdiscrepancies were noticed on physical verification and we have received writtendeclaration for the same.

3. (a) According to the information and explanations given to us and on the basis ofour examination of the books of account the Company has not granted any loans secured orunsecured to companies firms or other parties listed in the register maintained underSection 189 of the Companies Act.

(b) Since the company has not granted any loan. So this point is not applicable on thecompany.

4. In our opinion and according to the information and explanations given to us thereis generally an adequate internal control procedure commensurate with the size of theCompany and the nature of its business with regard to purchase of fixed assets & forsale of goods. During the course of our audit we have not observed any continuing failureto correct major weakness in internal control of the Company.

5. The Company has not accepted any deposits from the public covered under section 73to 76 and any other relevant provisions of the Companies Act 2013 and the Companies(Acceptance of Deposits) Rules 2014.

6. As per information and explanation given by the management maintenance of costrecords has not been prescribed by the Central Government under sub-section (1) of section148 of the Act.

7. (a) According to the records of the Company undisputed statutory dues includingProvident Fund Investor Education and Protection Fund Employees' State InsuranceIncome-tax Sales-tax Wealth Tax Service Tax Custom Duty Excise Duty cess to theextent applicable and any other statutory dues have generally been regularly depositedwith the appropriate authorities.

(b) According to the information and explanations given to us there were no outstandingstatutory dues(except Environment and health cess) as on 31st of March 2015 for a periodof more than six months from the date they became payable.

(c) According to the information and explanations given to us there is no duespayables in respect of income tax wealth tax service tax sales tax customs dutyexcise duty and cess which have not been deposited on account of any disputes except thefollowing-

8. According to the information and explanations given to us the company has notdefaulted in repayment of dues to a financial institution or bank or debenture holders.

9. According to the information and explanations given to us the Company has not givenany guarantees for loan taken by others from a bank or financial institution.

10. Based on our audit procedures and on the information given by the management wereport that the Company has not raised any term loans during the year and no long termloan is outstanding.

11. Based on the audit procedures performed and the information and explanations givento us we report that no fraud on or by the Company has been noticed or reported duringthe year nor have we been informed of such case by the management.

For Bahl & Batra
Chartered Accountants
(Registration No. 18250N)
(Rajesh Bahl)
Place : New Delhi Partner
Date : 03rd October 2015 Membership. No. : 83700