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Beeyu Overseas Ltd.

BSE: 532645 Sector: Others
NSE: N.A. ISIN Code: INE052B01011
BSE 00:00 | 09 Jul 0.39 0
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0.39

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0.39

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0.39

NSE 05:30 | 01 Jan Beeyu Overseas Ltd
OPEN 0.39
PREVIOUS CLOSE 0.39
VOLUME 1006
52-Week high 0.52
52-Week low 0.28
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.39
CLOSE 0.39
VOLUME 1006
52-Week high 0.52
52-Week low 0.28
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Beeyu Overseas Ltd. (BEEYUOVERSEAS) - Auditors Report

Company auditors report

TO THE MEMBERS OF BEEYU OVERSEAS LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements ofBEEYU OVERSEAS LIMITED ("the Company") which comprise the Balance Sheet as at 31March 2017 the Statement of Profit and Loss Cash Flow Statement for the year then endedand a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Standalone FinancialStatements

The Company's Board of Directors is responsible for the mattersstated in Section 134(5) of the Companies Act 2013 ("the Act") with respect tothe preparation and presentation of these standalone financial statements that give a trueand fair view of the financial position financial performance and cash flows of theCompany in accordance with the accounting principles generally accepted in Indiaincluding the Accounting Standards specified under Section 133 of the Act read with Rule7 of the Companies (Accounts) Rules 2014. This responsibility also includes maintenanceof adequate accounting records in accordance with the provisions of the Act forsafeguarding the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these standalonefinancial statements based on our audit. We have taken into account the provisions of theAct the accounting and auditing standards and matters which are required to be includedin the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditingspecified under Section 143(10) of the Act. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence aboutthe amounts and the disclosures in the financial statements. The procedures selecteddepend on the auditors' judgment including the assessment of the risks of materialmisstatement of the financial statements whether due to fraud or error. In making thoserisk assessments the auditors consider internal financial control relevant to theCompany's preparation of the financial statements that give a true and fair view inorder to design audit procedures that are appropriate in the circumstances. An audit alsoincludes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as wellas evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the standalone financialstatements.

Basis of Qualified Opinion

The Company has incurred a net loss of `2514841 for the year ended on31 March 2017. The Company's accumulated loss as on 31 March 2017 exceeds fiftypercent of the net worth. These factors raise substantial doubt that the Company will beable to continue as a going concern.

Qualified Opinion

In our opinion and to the best of our information and according to theexplanations given to us except for the effects of the matter described in the Basis forQualified Opinion paragraph the aforesaid standalone financial statements give theinformation required by the Act in the manner so required and give a true and fair view inconformity with the accounting principles generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of theCompany as at 31 March 2017; b) in the case of the Statement of Profit and Loss of theloss of the Company for the year ended on that date; and c) in the case of the Cash FlowStatement of the cash flows of the Company for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016("the Order") issued by the Central Government of India in terms of sub-section(11) of section 143 of the Act we give in the "Annexure A" a statement on thematters specified in paragraphs 3 and 4 of the Order.

2. As required by section 143(3) of the Act we report that:

a. we have sought and obtained all the information and explanationswhich to the best of 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 beenkept by the Company so far as it appears from our examination of those books;

c. the Balance Sheet the Statement of Profit and Loss and the CashFlow Statement dealt with by this Report are in agreement with the books of account;

d. in our opinion the aforesaid standalone financial statements complywith the Accounting Standards specified under section 133 of the Act read with Rule 7 ofthe Companies (Accounts) Rules 2014;

e. on the basis of written representations received from the directorsas on 31 March 2017 taken on record by the Board of Directors none of the directors isdisqualified as on 31 March 2017 from being appointed as a director in terms of Section164(2) of the Act;

f. with respect to the adequacy of the internal financial controls overfinancial reporting of the Company and the operating effectiveness of such controls referto our separate Report in "Annexure B"; and

g. with respect to the other matters to be included in theAuditors' Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014 in our opinion and to the best of our information and according to theexplanations given to us:

i. the Company has disclosed the impact of pending litigations on itsfinancial position in its standalone financial statements – Refer to Note 18 to thestandalone financial statements;

ii. the Company did not have any long-term contracts includingderivative contracts for which there were any material foreseeable losses;

iii. there were no amounts which were required to be transferred to theInvestor Education and Protection Fund by the Company; and

iv. the Company has provided for requisite disclosures in itsstandalone financial statements as to holding as well as dealings in Specified Bank Notesduring the period from 8 November 2016 to 30 December 2016 and these are in accordancewith the books of accounts maintained by the Company – Refer to Note 17 to thestandalone financial statements.

For ROHIT SHUKLA & ASSOCIATES
Chartered Accountants
[Firm Registration No. 315178E]
ROHIT SHUKLA
Proprietor
Membership No. 052453
Place : Kolkata
Date : 29 May 2017