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Kohinoor Techno Engineers Ltd.

BSE: 519485 Sector: Others
NSE: N.A. ISIN Code: INE237D01014
BSE 00:00 | 27 Feb Kohinoor Techno Engineers Ltd
NSE 05:30 | 01 Jan Kohinoor Techno Engineers Ltd
OPEN 1.43
PREVIOUS CLOSE 1.43
VOLUME 950
52-Week high 1.44
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.43
Sell Qty 500.00
OPEN 1.43
CLOSE 1.43
VOLUME 950
52-Week high 1.44
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.43
Sell Qty 500.00

Kohinoor Techno Engineers Ltd. (KOHINOORTECHNO) - Auditors Report

Company auditors report

TO

THE MEMBERS OF

KOHINOOR TECHNO ENGINEERS LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of KOHINOOR TECHNO ENGINEERSLIMITED which comprise the Balance Sheet as at March 31 2015 the Statement ofProfit and Loss and Cash Flow Statement for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Direcotrs is responsible for the matters stated in Section134(5) of the Companies Act 2013(The Act) with respect to preparation of these financialstatements that give a true and fair view of the financial position and financialperformance and Cash Flow of the Company in accordance with the Accounting Principlesgenerally accepted in India including the Accounting Standards specified under 133 of theAct read with Rule 7 of the Companies (Accounts) Rules 2014. This responsibility includesmaintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding the assets of the Company and for preventing and detecting of the fraudsand other irregularities selection and application of the appropriate accountingpolicies making judgments and estimates that are reasonable and prudent and the designimplementation and maintenance of internal financial that are operating effectively forensuring the accuracy and completeness of accounting records relevant to the preparationand presentation of the financial statements that give a true and fair view and are freefrom material misstatement whether due to fraud or error.

Auditor's 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 thereunder.

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 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 financial control relevant to the

Company's preparation of the financial statements that give a true and fair view inorder to design audit procedures that are appropriate in the circumstances but not forthe purpose of expressing an opinion on whether the Company has in place an adequateinternal financial controls system over financial reporting and the operatingeffectiveness of such controls. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made by theCompany's directors as well as evaluating the overall presentation of the financialstatements.

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

Opinion

1. In our opinion and to the best of our knowledge and according to the information andexplanations given to us the financial statements give the information required by theAct in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India:

a) In the case of the Balance Sheet of the state of affairs of the Company as at March312015; and

b) In the case of the Statement of Profit and Loss Account of the profit for the yearended on that date. And

c) In the case of Cash flow statement of the cash flows of the Company for the yearended on that date.

Report on Other Legal and Regulatory Requirements

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

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 Profit and Loss Statement and the Cash Flow Statement dealtwith by this Report are in agreement with the books of account.

d) In our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014;

e) On the basis of the written representations received from the directors as on March31 2015 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2015 from being appointed as a director in terms of Section 164 (2) ofthe Act. f) 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 did not have pending litigations to disclose the impact of on itsfinancial position in its financial statements.

(ii) The Company did not have any long term contract including derivative contracts forwhich there were any material foreseeable losses.

(iii) There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

For BHARAT & COMPANY
Chartered Accountants
Firm Registration No 127777W
Sd/-
CA. Bharat H. Gandhi
(Proprietor)
M. No. 125227
Surat 30th May 2015

Annexure to the Independent Auditors' Report

(Referred to paragraph 1 "Report on other legal and regulatory Requirements'section of our Independent Auditors Report " of even date on the standalone financialstatements of Kohinoor Techno Engineers Limited ("the Company") for the yearended 31st March 2015)

(1) In respect of Fixed Assets:

(a) The company has maintained proper records to show full particulars includingquantitative details and situation of fixed assets on the basis of available information.

(b) As explained to us all the fixed assets of the Company have been physicallyverified by the management in a phased periodical manner which is in our opinion isreasonable having regard to size of the Company and nature of its assets. No materialdiscrepancies were noticed on such physical verification.

(c) In our opinion the Company has not disposed off a substantial part of its fixedassets during the year hence the going concern status of the company is not affected.

(2) In respect of Inventories:

(a) The inventories have been physically verified by the management during the year. Inour Opinion the frequency of Verification is reasonable.

(b) In our opinion and according to information and explanation given to us theprocedure of physical verification of inventories followed by the management is reasonableand adequate in relation to size of the company and nature of its business.

(c) The company has maintained proper records of inventories. As informed to us thatthe discrepancies noticed on physical verification of raw material stores sparescomponents other than finished goods and work in progress on comparison to book recordswere not material and would be dealt with the books of account after enquiry andreconciliation. As regards finished goods we are informed that there were no discrepanciesas compared to available records.

(3) In respect of Loans secured or unsecured granted or taken by the Company to /from Companies firms or other parties covered in the register maintained under section189 of the Companies Act 2013

(a) The Company has given interest free unsecured loans to associate company covered inthe register maintained under section 189 of the Companies Act 2013 (‘the Act'). Themaximum amount outstanding during the year was Rs 4.26 lacs and the year-end balance ofsuch loan amounted to Rs 1.46 lacs. Other than the above the Company has not granted anyloans secured or unsecured to companies firms or parties covered in the registermaintained under section 189 of the Act.

(b) In our opinion the rate of interest and other terms and conditions on which theloans have been granted to the bodies corporate listed in the register maintained underSection 189 of the Act are not prima facie prejudicial to the interest of the Company.(c) In the case of the loans granted to the bodies corporate listed in the registermaintained under section 189 of the Act the borrowers have been regular in the payment.The terms of arrangement do not stipulate any repayment schedule and the loans arerepayable on demand. Accordingly paragraph 4(iii)(c) of the Order is not applicable tothe Company in respect of repayment of the principal amount. (d) There are no overdueamounts of more than rupees one lakh in respect of the loans granted to the bodiescorporate listed in the register maintained under section 301 of the Act.

(e) According to information and explanation given to us the Company has during theyear not taken any loans secured or unsecured from Companies Firms or other partiescovered in the register maintained u/s 189 of the Companies Act 2013 Accordinglyparagraphs (4(iii)(e)(f) and (g) of Order are not applicable.

(4) In our opinion and according to information & explanation given to usthere are adequate internal control procedures commensurate with the size of the companyand the nature of its business for the purchase of inventory and fixed assets and withregards to sale of goods and services. During the year of audit we have not observed anycontinuing failure to correct major weaknesses in internal controls system.

(5) In our opinion and according to information & explanation given to us thecompany has not entered into any transaction exceeding Rs. 5 lacs in respect of any partyduring the financial year that need to be entered in the register pursuant to section 189of the Companies act 2013. Consequently the provision of Clause (v) (b) of Paragraph 4 ofOrder are not applicable to the Company

(6) The company has not accepted any deposits consequently the provision ofClause (vi) of Paragraph 4 of Order are not applicable to the Company.

(7) In our opinion and explained to us the internal audit functions are carriedout by the employees of the company and have been commensurate with its size of thecompany and nature of its business.

(8) To the best of our knowledge and as explained the Central Governm

2013 for the products/services of the Company. Accordingly the provisions of clause3(vi) of the Order are not applicable to the Company and hence not commented upon

(9) In respect of Statutory Dues:

(a) According to the books and records as produced and examined by us in accordancewith the generally accepted auditing practices in India and also based on managementrepresentation undisputed statutory dues including provident fund investor educationprotection fund employees state insurance income tax Service tax sales tax wealthtaxes custom duty cess and other material statutory dues have generally been regularlydeposited by the company during the year with the appropriate authority in India.According to information & explanation given to us there are no undisputed amountspayable in respect of Sales Tax Income Tax Custom Duty Wealth Tax Excise Duty and Cesswere in arrears as at 31st March 2015 for a period of more than six months from the datethey became payable.

(b) According to information and explanations given to us and records of the Companyexamined by us the dues of Income Tax of Rs. 1.00 lacs have not deposited on account ofany dispute and the forum where the disputes are pending are as under.

Name of Statute Nature of Dues Amount Rs. in lacs Period to which the amount relates Forum Where Pending
Income Tax Act 1961 Income Tax 1.00 AY 2012-13 Tribunal

(10) In our opinion the company has accumulated losses of Rs. 132.84 lacs at theend of the financial year which is not more than fifty percent of its net worth. Thecompany has incurred cash losses during the financial year covered by our audit and hasnot incurred cash losses during the immediately preceding financial year

(11) Based on our audit procedure and according to information & explanationgiven to us the company has not defaulted in repayment of dues to a financialinstitution Banks or debenture holders.

(12) In our opinion and according to information & explanation given to us thecompany has not granted loans and advances on the basis of security by way of pledge ofshares debentures and other securities.

(13) Clause (Xiii) is not applicable to the company as the company is not a chitfund nidhi mutual benefit fund or a society.

(14) In our opinion and according to information & explanation given to us thecompany is not dealing or trading in shares securities debentures and other investments.Accordingly the provisions of clause 4(xiv) of the Companies (Auditors Report) Order 2003are not applicable to the Company.

(15) According to information & explanation given to us the company has notgiven any guarantee for loan taken by others from bank or financial institution.

(16) In our opinion and according to information & explanation given to us thecompany has not availed any term loans during the year.

(17) According to information & explanation given to us and on an overallexamination of balance sheet of the company we report that there is no funds raised onshort term basis that have been used for long term investment.

(18) The company has not made any preferential allotment of shares to parties andcompanies covered in the register maintained under section 189 of the Act.

(19) The clause is not applicable to the company as it has not issued anydebentures.

(20) The clause is not applicable to the company as the Company has not raised themonies by public issue during the year.

(21) According to information & explanation given to us no material fraud onor by the company has been noticed or reported during the year.

For BHARAT & COMPANY
Chartered Accountants
Firm Registration No 127777W
Sd/-
CA. Bharat H. Gandhi
(Proprietor)
M. No. 125227
Surat 30th May 2015