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Hexa Tradex Ltd.

BSE: 534328 Sector: Others
NSE: HEXATRADEX ISIN Code: INE750M01017
BSE 00:00 | 16 Oct 9.36 0.44
(4.93%)
OPEN

9.36

HIGH

9.36

LOW

9.36

NSE 00:00 | 16 Oct 8.25 0.35
(4.43%)
OPEN

8.25

HIGH

8.25

LOW

8.25

OPEN 9.36
PREVIOUS CLOSE 8.92
VOLUME 7260
52-Week high 30.70
52-Week low 5.23
P/E
Mkt Cap.(Rs cr) 52
Buy Price 9.36
Buy Qty 115004.00
Sell Price 9.36
Sell Qty 5000.00
OPEN 9.36
CLOSE 8.92
VOLUME 7260
52-Week high 30.70
52-Week low 5.23
P/E
Mkt Cap.(Rs cr) 52
Buy Price 9.36
Buy Qty 115004.00
Sell Price 9.36
Sell Qty 5000.00

Hexa Tradex Ltd. (HEXATRADEX) - Auditors Report

Company auditors report

To

The Members of

HEXA TRADEX LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying standalone nancial statements of HEXA TRADEX LIMITED("the Company") which comprise the Balance Sheet as at 31st March 2018 theStatement of Pro t and Loss the Statement of Change in Equity and the Cash Flow Statementfor the year then ended and a summary of signi cant accounting policies and otherexplanatory information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese nancial statements that give a true and fair view of the nancial position nancialperformance and cash ows of the Company in accordance with the accounting principlesgenerally accepted in India including the accounting standards speci ed under Section 133of the Act read with Rule 7 of the Companies (Accounts) Rules 2015 as amended. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of 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 nancial controls that wereoperating e ectively for ensuring the accuracy and completeness of the accounting recordsrelevant to the preparation and presentation of the nancial statements that give a trueand fair view and are free from material misstatement whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these nancial 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 thereunder.

We conducted our audit in accordance with the standards on auditing speci ed underSection 143(10) of the Act. Those standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe nancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the nancial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe nancial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal nancial control relevant to the Company’s preparationof the nancial statements that give a true and fair view in order to design auditprocedures that are appropriate in the circumstances. An audit also includes evaluatingthe appropriateness of the accounting policies used and the reasonableness of theaccounting estimates made by the Company’s directors as well as evaluating theoverall presentation of the nancial statements.

We believe that the audit evidence we have obtained is su cient and appropriate toprovide a basis for our audit opinion on the nancial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone nancial statements give the information required bythe Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the state of a airs of the Companyas at 31st March 2018 and its pro t and its cash ows 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 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act we give in the Annexure ‘A’ a statement on thematters speci ed in the paragraph 3 and 4 of the Order to the extent applicable.

2. As required by Section 143 (3) of the Act we report to the extent applicablethat:

(a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit.

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books;

(c) The Balance Sheet the Statement of Pro t and Loss the Statement of Change inEquity and the Cash Flow Statement dealt with by this report are in agreement with thebooks of account;

(d) In our opinion the aforesaid nancial statements comply with the accountingstandards speci ed under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2015;

(e) On the basis of the written representations received from the directors as on 31stMarch 2018 taken on record by the board of directors none of the directors is disqualied as on 31st March 2018 from being appointed as a director in terms of Section 164 (2)of the Act.

(f) With respect to the adequacy of the internal nancial controls over nancialreporting of the Company and the operating e ectiveness of such controls refer toAnnexure ‘B’

(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 nancialposition;

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

iii. There was no amount which was required to be transferred by the Company to theInvestor Education and Protection Fund.

For N.C. Aggarwal & Co.
Chartered Accountants
Firm Registration No. 003273N
G. K. Aggarwal
Place: New Delhi Partner
Dated: May 25 2018 M. No. 086622

ANNEXURE ’A’ TO INDEPENDENT AUDITORS’ REPORT

(Annexure referred to in our report of even date to the members of HEXA TRADEX LIMITEDon the accounts for the year ended 31st March 2018)

1. (a) The Company has maintained proper records in respect of its xed assets showingfull particulars including quantitative details and situation of xed assets.

(b) Fixed assets of the Company have been physically veri ed by the management duringthe year which in our opinion is reasonable. No discrepancy was noticed during physicalveri cation.

(c) The Company does not have any immovable property in the name of the Company.Therefore Para 3(i)(c) of the order is not applicable to the company.

2. The Company does not have inventory. Accordingly the provision of clause 3(ii) ofthe Companies (Auditor’s Report) Order 2016 are not applicable to the company.

3. According to the information and the explanations given to us the Company has notgranted any loans secured or unsecured to companies rms limited liability partnershipor other parties covered in the register maintained under section 189 of the Companies Act2013. Accordingly the provisions of clause 3(iii)(a) 3(iii)(b) and 3(iii)(c) of theorder are not applicable to the company and hence not commented upon.

4. In our opinion and according to the information and explanations given to us theCompany has complied with the provisions of Section 185 and 186 of the Companies Act 2013in respect of investment made. The Company has not provided any guarantee loan andsecurity in terms of Section 185 and 186 of the Companies Act 2013.

5. According to the information given to us the Company has not accepted any depositsunder the provisions of section 73 to 76 of the Companies Act 2013 or any other relevantprovisions of the Companies Act and the Companies (Acceptance of Deposits) Rules 2014 asamended from time to time. No order has been passed with respect to Section 73 to 76 bythe Company Law Board or National Company Law Tribunal or Reserve Bank of India or anycourt or any other tribunal.

6. The Company has only investments and trading activities. Hence the clause 3 (vi) ofthe order with respect to maintenance of cost records as speci ed by the centralgovernment under sub-section (i) of section 148 of the Companies Act 2013 is notapplicable to the company.

7. (a) According to the information and explanations given to us the Company isgenerally regular in depositing with the appropriate authorities undisputed statutory duesas applicable to the Company i.e. provident fund income tax and service tax. On the basisof veri cation and as explained to us the Company does not have any liability foremployees’ state insurance sales tax duty of customs duty of excise value addedtax cess or other statutory dues. There are no arrears as at 31st March 2018 for aperiod of more than six months from the date they become payable.

(b) According to the information and explanation given to us there are no dues inrespect of as applicable to the Company i.e. income tax and service tax and which have notbeen deposited on account of any dispute. On the basis of veri cation and as explained tous the Company does not have any liability for sales tax duty of customs duty of exciseor value added.

8. According to the information and explanations given to us the Company has not takenany loan from nancial institution bank government and debenture holder. Thereforeclause 3 (viii) of the Order with respect to default of repayment is not applicable to theCompany.

9. The Company has not raised moneys by way of initial public o er or further public oer (including debt instruments) or term loans. Accordingly provisions of clause 3 (ix) ofthe Order are not applicable to the Company.

10. According to the information and explanations given to us and as represented by themanagement and based on our examination of the books and records of the Company and inaccordance with generally accepted auditing practices in India we have been informed thatno case of frauds has been committed on or by the Company or by its o cers or employeesduring the year.

11. The Company does not provide or paid any managerial remuneration as per theprovisions of Section 197 read with Schedule V of the Companies Act 2013. Accordinglyprovisions of clause 3 (xi) of the Order are not applicable to the Company.

12. The Company is not a Nidhi company. Accordingly the provisions of clause 3 (xii)of the Order are not applicable to the Company.

13. According to the information and explanations given to us all transactions withthe related parties are in compliance with section 177 and 188 of Act and whereapplicable the details have been disclosed in the nancial statements as required by theapplicable accounting standards.

14 According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not made any preferentialallotment or private placement of shares or fully or partly convertible debentures duringthe year. Accordingly provisions of clause 3 (xiv) of the Order are not applicable to theCompany.

15 According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not entered into any non-cashtransactions with directors or persons connected with him as covered under Section 192 ofthe Companies Act 2013. Accordingly provisions of clause 3 (xv) of the Order are notapplicable to the Company.

16 According to the information and explanations given to us the Company is notrequired to be registered under section 45-IA of the Reserve Bank of India Act 1934.Accordingly provisions of clause 3 (xvi) of the Order are not applicable to the Company.

For N.C. Aggarwal & Co.
Chartered Accountants
Firm Registration No. 003273N
G. K. Aggarwal
Place: New Delhi Partner
Dated: May 25 2018 M. No. 086622

ANNEXURE ‘B’ TO INDEPENDENT AUDITORS’ REPORT

Annexure referred to in our report of even date to the members of HEXA TRADEX LIMITEDon the accounts for the year ended March 31 2018 Report on the Internal FinancialControls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of theCompanies Act 2013 ("the Act") We have audited the internal nancial controlsover nancial reporting of HEXA TRADEX LIMITED ("the Company") as of March 312018 in conjunction with our audit of the standalone nancial statements of the Company forthe year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internalnancial controls based on the internal control over nancial reporting criteria establishedby the Company and the components of internal control stated in the Guidance Note on Auditof Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India (ICAI). These responsibilities include the designimplementation and maintenance of adequate internal nancial controls that were operating eectively for ensuring the orderly and e cient conduct of its business including adherenceto Company’s policies the safeguarding of its assets the prevention and detectionof frauds and errors the accuracy and completeness of the accounting records and thetimely preparation of reliable nancial information as required under the Companies Act2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company's internal nancial controlsover nancial reporting based on our audit. We conducted our audit in accordance with theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (the"Guidance Note") and the Standards on Auditing issued by ICAI and deemed to beprescribed under section 143(10) of the Companies Act 2013 to the extent applicable toan audit of internal nancial controls both applicable to an audit of internal nancialcontrols and both issued by the ICAI. Those standards and the guidance note require thatwe comply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether adequate internal nancial controls over nancial reporting wasestablished and maintained and if such controls operated e ectively in all materialrespects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal nancial controls system over nancial reporting and their operating eectiveness. Our audit of internal nancial controls over nancial reporting includedobtaining an understanding of internal nancial controls over nancial reporting assessingthe risk that a material weakness exists and testing and evaluating the design andoperating e ectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor’s judgment including the assessment of the risks ofmaterial misstatement of the nancial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is su cient and appropriate toprovide a basis for our audit opinion on the Company’s internal nancial controlssystem over nancial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A Company's internal nancial control over nancial reporting is a process designed toprovide reasonable assurance regarding the reliability of nancial reporting and thepreparation of nancial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal nancial control over nancialreporting includes those policies and procedures that (1) pertain to the maintenance ofrecords that in reasonable detail accurately and fairly re ect the transactions anddispositions of the assets of the company; (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of nancial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures of the company are being made only in accordance with authorizations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of thecompany's assets that could have a material e ect on the nancial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal nancial controls over nancialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal nancial controls over nancialreporting to future periods are subject to the risk that the internal nancial control overnancial reporting may become inadequate because of changes in conditions or that thedegree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internal nancialcontrols system over nancial reporting and such internal nancial controls over nancialreporting were operating e ectively as at 31st March 2018 based on the internal controlover nancial reporting criteria established by the Company and the components of internalcontrol stated in the Guidance Note on Audit of Internal Financial Controls over FinancialReporting issued by the ICAI.

For N.C. Aggarwal & Co.
Chartered Accountants
Firm Registration No. 003273N
G. K. Aggarwal
Place: New Delhi Partner
Dated: May 25 2018 M. No. 086622