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Diksat Transworld Ltd.

BSE: 540151 Sector: Media
NSE: N.A. ISIN Code: INE942P01013
BSE 00:00 | 16 Jan 129.95 0
(0.00%)
OPEN

129.95

HIGH

129.95

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129.95

NSE 05:30 | 01 Jan Diksat Transworld Ltd
OPEN 129.95
PREVIOUS CLOSE 129.95
VOLUME 9000
52-Week high 129.95
52-Week low 90.50
P/E 448.10
Mkt Cap.(Rs cr) 228
Buy Price 104.25
Buy Qty 1500.00
Sell Price 130.00
Sell Qty 1500.00
OPEN 129.95
CLOSE 129.95
VOLUME 9000
52-Week high 129.95
52-Week low 90.50
P/E 448.10
Mkt Cap.(Rs cr) 228
Buy Price 104.25
Buy Qty 1500.00
Sell Price 130.00
Sell Qty 1500.00

Diksat Transworld Ltd. (DIKSATTRANSWOR) - Auditors Report

Company auditors report

To

The Members of

M/s. Diksat Transworld Limited.

Report on Financial Statements

We have audited the accompanying financial statements of M/s. Diksat Transworld Limited("the Company") which comprise the Balance Sheet as at 31st March2018 the Statement of Profit and Loss for the year ended on that date along with the cashflow statement annexed thereto and a summary of the significant accounting policies andother explanatory information for the year then ended.

Management's Responsibility for the Financial Statements

The Company's Board of Directors are responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance of the Company in accordance with the accounting principlesgenerally accepted in India including the Accounting Standards specified under Section133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified undersection 143(10) of the companies Act 2013. 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 about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management aswell as evaluating the overall presentation of the financial statements.

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 aforesaid financial statements give the information required by the Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of the Company for as atMarch 31 2018;

b) in the case of the Profit and Loss Account of the Profit for the year endedon that date;

c) in case of cash flow statement of the cash flows for the year ended on the 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 ofthe Act we give in Annexure A a statement on the matters specified in the paragraph 3 and4 of the Order to the extent applicable.

2. As required by section 143(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 Statement of Profit and Loss and Cash FlowStatement comply with the Accounting Standards notified under the Companies Act read withthe General Circular 15/2013 dated 13 September 2013 of the Ministry of Corporate Affairsin respect of section 133 of the Companies Act 2013.

e) On the basis of written representations received from the directors as on March 312018 and taken on record by the Board of Directors none of the directors aredisqualified as on March 31 2018 from being appointed as a director in terms ofsub-section (2) of section 164 of the Companies Act 2013.

f) The company has adequate internal financial controls system in place and thesecontrols are operating effectively.

g) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

I. The company does not have any pending litigations which would impact its financialposition.

II. The company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses;

III. There were no amounts which were required to be transferred to the InvestorEducation and Protection fund by the company.

For DPV & AsSocAeS
Chartered Accountants
(Firm's Registration No. 011688S)
CA Vaira Mutthu K
Partner
(MembershipNo.218791)
Chennai May 29th 2018

Annexure A to Independent Auditors' Report

(Referred to in paragraph 1 under the heading of "Report on other Legal andRegulatory Requirements" of our Report of even date)

As required by the Companies (Auditor's Report) Order 2016 issued by the CentralGovernment in terms of section 143 (11) of the Companies Act 2013 and on the basis ofsuch checks of the books and records of the Company as we considered appropriate andaccording to the information and explanations given to us during the course of the auditwe report that

1. a) he Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets on the basis of available information.

b) As explained to us all the fixed assets have been physically verified by themanagement in a phased periodical manner which in our opinion is reasonable havingregard to the size of the company and the nature of its assets. No material discrepancieswere noticed on such physical verification.

c) As per information provided to us title deeds of immovable properties are held inthe name of company.

2. In our opinion and according to the information and explanations given to us theinventories are purchased rights by the management and no material discrepancies werenoticed during the physical verification.

3. According to the information and explanations given to us there are transactions ofgranting loans to companies/firms or other parties covered in the register maintainedunder section 189 of the Companies Act 2013without stipulation as to the repayment ofprincipal and interest.

a) In the light of above we do not comment on terms and conditions of grant of suchloans.

b) In the light of above we do not comment on repayment of the principal amount andinterest.

c) In the light of above we do not comment on the reasonable steps have been taken bythe company for recovery of the principal and interest.

4. According to the explanations given to us there were no such cases of loansinvestments guarantees and security as mentioned in sections 185and 186 of Companies act2013. Hence we do not comment on compliance with the respective sections.

5. The Company has not accepted any deposits from the public. Therefore the provisionsof section 73 to Section 76 of the Companies Act 2013 and rules framed there under are notapplicable.

6. In our opinion and according to the explanations given to us maintenance of costrecords has not been specified by the Central Government under sub-section (1) of section148 of the Companies Act 2013.

7. a) According to the information and explanation given to us and according to thebooks and records as produced and examined by us in our opinion the Company is regularin depositing undisputed statutory dues such as income tax service tax cess and otherstatutory dues as applicable with the appropriate authorities except GST payable underReverse charge mechanism with an amount payable of 1893054/- only.

b) According to the records of the Company and according to the information andexplanations given to us there are no dues of Income tax service tax on account of anydisputes.

8. According to the records of the company the company has borrowed from banks. In ouropinion the company has been regular in repayment of dues to the banks.

9. In our Opinion and according to the information and explanations given to us thecompany has not raised money by way of initial public offer or further public offer duringthe year.

10. In our Opinion and according to information and explanations furnished to us nofraud on or by the Company has been noticed or reported during the year.

11. According to the information and explanations given to us the company has paid/provided managerial remuneration in accordance with provisions of Section 197 read withschedule V of Companies Act 2013.

12. As Company is not a Nidhi company we do not comment on Net Owned Funds to Depositsratio and unencumbered term deposits as specified in Nidhi Rules 2014

13. According to information and explanations given to us the Provisions of Section177 of Companies Act 2013 are compiled by company. According to information andexplanations given to us transactions has been entered with related parties as specifiedin Section 188 of Companies Act 2013 are duly disclosed in Books of Accounts.

14. The Company has not made any preferential allotment or Private placement of sharesor fully or partly convertible debentures during the year. Hence we do not comment onCompliance of section 42 of Companies Act 2013.

15. According to the information and explanations given to us the Company has notentered into any non cash transactions with directors or persons connected with him. Hencewe do not comment on Compliance of Section 192 of Companies Act 2013.

16. The Company is not required to be registered under 45-IA of the Reserve bank ofIndia Act 1934.

For DPV & ASSOCIATES
Chartered Accountants
(Firm's Registration No. 011688S)
CA Vaira Mutthu K
Partner

(Membership No. 218791)

Chennai May 29th 2018