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KLK Electrical Ltd.

BSE: 517170 Sector: Engineering
NSE: N.A. ISIN Code: INE125G01014
BSE 00:00 | 23 Sep KLK Electrical Ltd
NSE 05:30 | 01 Jan KLK Electrical Ltd
OPEN 15.50
PREVIOUS CLOSE 15.50
VOLUME 1
52-Week high 15.50
52-Week low 14.55
P/E
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 14.25
Sell Qty 98.00
OPEN 15.50
CLOSE 15.50
VOLUME 1
52-Week high 15.50
52-Week low 14.55
P/E
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 14.25
Sell Qty 98.00

KLK Electrical Ltd. (KLKELECTRICAL) - Auditors Report

Company auditors report

The Members

KLK ELECTRICAL LIMITED

Chennai.

We have audited the accompanying Ind AS financial statements of KLK ELECTRICALLIMITED ("the Company") which comprise the Balance Sheet as at 31st March2019 the Statement of Profit and Loss (including other comprehensive income) theStatement of Cash Flows and the Statement of Changes in Equity for the year then endedand a summary of significant accounting policies and other explanatory 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 Ind AS financial statements that give a true and fair view of the financialposition financial performance including other comprehensive income cash flows andchanges in equity of the Company in accordance with the accounting principles generallyaccepted in India including the Indian Accounting Standards (Ind AS) specified underSection 133 of the Act read with relevant rules issued thereunder. This responsibilityalso includes maintenance of adequate accounting records in accordance with the provisionsof the Act for safeguarding the assets of the Company and for preventing and detectingfrauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and designimplementation 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 Ind AS financial statementsthat give a true and fair view and are free from material misstatement whether due tofraud or error.

Auditor's Responsibility :

Our responsibility is to express an opinion on these Ind AS financial statements basedon our audit. We have taken into account the provisions of the Act the accounting andauditing standards and matters which are required to be included in the audit report underthe provisions 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 Act. Those standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe Ind AS financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the Ind AS financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of theInd AS financial statements whether due to fraud or error. In making those riskassessments the auditor considers internal control relevant to the company's preparationof the Ind AS financial 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 accounting policies used and the reasonableness of the accountingestimates made by Company's Directors as well as evaluating the overall presentation ofthe Ind AS financial statements.

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

Opinion :

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Ind AS financial 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 including Ind AS :

a) in the case of Balance Sheet of the state of affairs of the Company as at March 312019.

b) in the case of Statement of Profit and Loss of the Loss for the year ended on thatdate ;

c) in the case of Cash Flow Statement of the cash flows of the Company for the yearended on that date; and

d) the Changes in Equity 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 issued by the Governmentof India in terms of sub-section(11) of section 143 of the Companies Act 2013 we enclosein the "Annexure A" hereto a statement on the matters specified in paragraphs 3and 4 of the said Order.

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

i) 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.

ii) 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.

iii) The balance sheet the statement of profit and loss the statement of cash flowsand the statement of changes in equity dealt with by this Report are in agreement with thebooks of account.

iv) In our opinion the aforesaid Ind AS financial statements comply with theAccounting Standards specified under Section 133 of the Act read with relevant ruleissued thereunder.

v) 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 isdisqualified as on 31st March 2019 from being appointed as a Director in terms of Section164 (2) of the Act.

vi) With respect to the adequacy of the internal financial controls over financialreporting of the company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure B"

vii) 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 ouropinion and to the best of our information and according to the explanations given to us :

a) Provision relating to Impact of pending litigations on its financial position in itsfinancial statements - NIL;

b) Provision relating to Material Foreseeable Losses on Long-Term Contracts - NotApplicable. The company neither entered into any derivative contract during the year norhave any outstanding derivative contract at the year end.

c) The provision relating to transferring any amounts to the Investor Education andProtection Fund is not applicable to the company during the year.

for ANANT RAO & MALLIK
Chartered Accountants
Firm Regn. No. 006266S
V. ANANT RAO
Partner
Date: 30.05.32019 Membership No. 022644

ANNEXURE A" to the Auditor's Report

Statement referred to in our report of even date to the members of KLK ELECTRICALLIMITED on the financial statements for the year ended 31st .March 2019.

(i) a) The Company has maintained proper records showing full particulars of itsIntangible assets.

b) The company does not have any Tangible Fixed Assets.

(ii) The company does not carry any inventories; hence the clauses in respect ofinventories are not applicable.

(iii) The Company has not granted any loan secured or unsecured to companies firmslimited liability partnerships or other parties covered in the register maintained undersection 189 of the Act. Therefore clauses (iii) (a) to (iii) (d) of paragraph 3 of thesaid order are not applicable to the Company.

(iv) In our opinion and according to the information and explanations given to us thecompany has complied with the provisions of the section 185 & 186 of the companiesact 2013.

(v) The Company has not accepted any deposits from the public and hence the directivesissued by the Reserve Bank of India and the provisions of Sections 73 to 76 or any otherrelevant provisions of the Act and the Companies (Acceptance of Deposit) Rules 2015 withregard to the deposits accepted from the public are not applicable. (vi) The CentralGovernment has not prescribed maintenance of Cost Records under sub - section (1) ofsection 148 of the Companies Act 2013.

(vii) a) The Company has not carried on any business activity during the year andhence this clause relating to payment of undisputed statutory dues is not applicable. b)The Company is not having any disputed liabilities relating to Income Tax or Sales Tax orService Tax or Cess as at the year end.

(viii) The Company has not taken term loans from any banks or financial institutionsand as such clause relating to defaults is not applicable.

(ix) On the basis of our examination of records and according to the information andexplanations given to us the Company has not raised any money by way of public offer(including debt instruments) and term loan during the year. There is no issue ofdebentures during the year.

(x) In our opinion and according to the information and explanations given to us nofraud by the Company or on the Company by its officers/employees has been noticed orreported during the year that causes the financial statements materially misstated.

(xi) In our opinion and according to the information and explanations given to us thecompany has not paid any managerial remuneration and hence the provisions of section 197read with Schedule V to the Act are not applicable to the Company.

Therefore clause (xi) of paragraph 3 of the said order is not applicable to theCompany.

(xii) The Company is not a Nidhi Company. Therefore clause (xii) of paragraph 3 of thesaid order is not applicable to the Company.

(xiii) According to the information and explanations given to us and based on ourexamination of the records of the Company the company doesn't have any transactions withthe related parties and hence sections 177 and 188 of the Act are not applicable to thecompany.

(xiv) On the basis of our examination of records and according to the information andexplanations given to us the Company has not made any preferential allotment or privateplacement of shares or fully or partly convertible debentures during the year.

Therefore clause (xiv) of paragraph 3 of the said order is not applicable to theCompany.

(xv) On the basis of our examination of records and according to the information andexplanations given to us the Company has not entered into any non-cash transactions withdirectors or persons connected with them during the year under the provisions of section192 of the Act.

Therefore clause (xv) of paragraph 3 of the said order is not applicable to theCompany. (xvi) On the basis of our examination of records and according to the informationand explanations given vo us the Company is not required to be registeredunder section 45-IA of the Reserve Bank of India Act 1934.

for ANANT RAO & MALLIK
Chartered Accountants
Firm Regn. No. 006266S
V. ANANT RAO
Partner
Date: 30.05.2019 Membership No. 022644

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