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B J Duplex Boards Ltd.

BSE: 531647 Sector: Industrials
NSE: N.A. ISIN Code: INE265C01017
BSE 05:30 | 01 Jan B J Duplex Boards Ltd
NSE 05:30 | 01 Jan B J Duplex Boards Ltd

B J Duplex Boards Ltd. (BJDUPLEXBOARD) - Auditors Report

Company auditors report

On the Quarterly and Year to Date Audited Standalone Financial Results of the CompanyPursuant to the Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 as amended

To

Board of Directors of B.J. Duplex Boards Limited

Report on the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalonefinancial result of B.J. Duplex Board Limited ("the Company") for the quarterended March 31 2021 and for the year ended March 31 2021 ("Statement")attached herewith being submitted by the company pursuant to the requirement ofRegulation 33 of the SEBI (Listed Obligations and Disclosure Requirements) Regulations2015 as amended ("the Listing Regulations").

In our opinion and to the best of our information and according to the explanationgiven to us the statement:

I. is presented in accordance with the requirement of the Listing Regulations in thisregard;

And

II. gives a true and fair view in conformity with the applicable accounting standardsand other Accounting Principles Generally Accepted in India of the net loss and othercomprehensive loss and other financial information of the Company for the quarter ended31st March 2021 and of the net loss and other comprehensive loss and other financialinformation of the Company for the year ended March 312021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Companies Act 2013 as amended ("The Act"). Ourresponsibilities under those Standards are further described in the "Auditor'sResponsibilities for the Audit of the Standalone Financial Results" section of ourreport. We are independent of the company in accordance with the code of Ethics issued byThe Institute of Chartered Accountants of India together with the ethical requirementsthat are relevant to our audit of the financial statement under the provisions of the Actand the Rules thereunder and we have fulfilled our other ethical responsibilities inaccordance with these requirements and the Code of Ethics. We believe that the auditevidence obtained by us is

sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note (4) of the attached financial Statements which indicates thatthe Company incurred a net loss of Rs.2.92 lakhs during the year ended 31 st March 2021and as of that date matters in Note (4) indicate that company's current liabilitiesexceed current assets that indicated that a material uncertainty exist that may castsignificant doubt on the Company's ability to continue as a going concern. Our opinion isnot modified in respect of this matter.

Management's Responsibilities for the standalone Financial Results

The Statement has been prepared on the basis of standalone annual financial statements.The Board of Directors of the Company are responsible for the preparation and presentationof the Statement that gives a true and fair view of the net profit and other comprehensiveincome / loss of the company and other financial information in accordance with theapplicable accounting standards prescribed under section 133 of the Act read with relevantrules issued thereunder another accounting principles generally accepted in India and incompliance with Regulation 33 of the listing Regulations . The responsibility alsoincludes maintenance of adequate accounting records in accordance with the provision ofthe Act for safeguarding of the asset of the company and for preventing and detectingfrauds and other irregularities: selection and applications of appropriate accountingpolicies ; making judgements and estimates that are reasonable and prudent ; and thedesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accounting records relevant to the preparation and presentation of the Statement that gives true and fairview and are free from material misstatement whether due to fraud or error.

In preparing the Statement the Board of Directors are responsible for assessing theCompany's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless the Boardof Directors either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financialreporting process. Auditor's Responsibilities for the Audit of Standalone FinancialResults

Our objectives are to obtain reasonable assurance about whether the Statement as awhole is free from material misstatement whether due to fraud or error and to issue anauditor's report that includes our opinion. Reasonable Assurance is a high level ofassurance but is not a guarantee that an audit conducted in accordance with SAs willalways detect a material misstatement when it exists. Misstatements can arise from fraudor error and are considered material if individually or in the aggregate they couldreasonably be expected to influence the economic decisions of users taken on the basis ofStatements

As a part of the audit in accordance with the SAs we exercise professional judgementand maintain the professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement whetherdue to fraud or error design and perform audit procedures responsive to those risks andobtain audit evidence that is sufficient and appropriate to provide a basis of ouropinion. The risk of not detecting a material misstatement resulting from fraud is higherthan for one resulting from error as fraud may involve collusion forgery intentionalomissions misrepresentations or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order todesign audit procedures that are appropriate in the circumstances. UnderSeclj0ffn43O^&) of the Act we are also responsible for expressing our opinion onwhether the^^rripany aS'adequate internal

financial controls with reference to financial statements in place and the operatingeffectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimate and related disclosure made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the goingconcern basis of accounting and based on the audit evidence obtained whether a materialuncertainty exists related to events or conditions that may cast significant doubt on theCompany's ability to continue as a going concern. If we conclude that a materialuncertainty exists we are required to draw attention in our auditor's report to therelated disclosures in the financial results or if such disclosure are inadequate tomodify our opinion. Our conclusions are based on the audit evidence obtained up to thedate of our auditor's report. However future events or conditions may cause the Companyto cease to continue as a going concern.

• Evaluate the overall presentation structure and content of the Statementincluding the disclosures and whether the Statement represents the underlying transactionsand events in a manner that achieves fair presentation.

We communicate with those charged with the governance regarding among other mattersthe planned scope and the timing of the audit and significant audit findings includingany significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirement regarding independence and to communicate with them allrelationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

The Statement includes the results for the quarter ended March 31 2021 being thebalancing figure between the audited figures in respect of the full financial year endedMarch 31 2021 and the published unaudited year-to-date figures up to third quarter (readwith the note 6 of the Statement) of the current financial year which were subjected tolimited review by us as required under the Listing Regulations.

For V.R. Bansal & Associates
Chartered Accountants
Firm Registration No.:016534N
R^jan jpansal
Place: Delhi PaVtneft
Dated: MebibeVshio No.: 093591
UDIN

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