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Kyra Landscapes Ltd.

BSE: 530967 Sector: Infrastructure
NSE: N.A. ISIN Code: INE094M01028
BSE 00:00 | 04 Mar Kyra Landscapes Ltd
NSE 05:30 | 01 Jan Kyra Landscapes Ltd
OPEN 7.52
PREVIOUS CLOSE 7.15
VOLUME 3834
52-Week high 7.52
52-Week low 0.00
P/E 34.05
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.15
Sell Qty 50.00
OPEN 7.52
CLOSE 7.15
VOLUME 3834
52-Week high 7.52
52-Week low 0.00
P/E 34.05
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.15
Sell Qty 50.00

Kyra Landscapes Ltd. (KYRALANDSCAPES) - Auditors Report

Company auditors report

ARICENT INFRA LIMITED (FORMERLY KNOWN AS TCL TECHNOLOGIES LIMITED) ANNUAL REPORT 2011-2012 AUDITORS' REPORT The Members of Aricent Infra Limited. Mumbai. 1. I have audited the attached Balance Sheet of Aricent Infra Limited, (Formerly known as TCL Technologies Limited) as at 31 March, 2012 and the Profit and Loss Account and also the cash flow statement for the year ended on that date, annexed thereto (collectively referred as the 'Financial Statements'). These financial statements are the responsibility of the company's management. My responsibility is to express an opinion on these financial statements based on my audit. 2. I have conducted this audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining on test basis evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. 3. Further I report that: a. The information and explanations that are obtained, which to the best of my knowledge and belief were necessary for the purpose of audit; b. In my opinion, proper books of accounts as required by law have been kept by the Company so far as appears from my examination of those books; c. The Financial Statements dealt with by this report are in agreement with the books of accounts, d. On the Basis of written representations received from the directors, as on 31st March, 2012 and taken on record by the board of directors, none of the directors are disqualified as on 31st March, 2012 from being appointed as director in terms of clause (g) of sub-section (I) of Section 274 of the Companies Act, 1956 e. In my opinion and to the best of my information and according to the explanation given to, the financial statements dealt with by this report materially comply with the Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956 and the Rules framed there under and give the information required by the Act, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, in the case of: i. The Balance Sheet, of the state of affairs of the Company as at March 31, 2012; ii. The Profit and Loss Account, of the profit for the year ended on that date; and iii. The Cash Flow Statement, of the cash flows for the year ended on that date. FOR S CHANDULAL & COMPANY (CHARTERED ACCOUNTANT) SD/- PROPRIETOR MEMBERSHIP NO.37266 PLACE: THANE DATE : 14TH MAY 2012 Annexure to the Auditors' Report of even date to the members of THE ARICENT INFRA LIMITED On the financial statements for the year ended March 31, 2012 Based on the audit procedure performed for the purpose of reporting true and fair view on the financial statements of the Company and taking into consideration the information and explanation given to me and the books of account and other records examined by me in the normal course of audit, we report that: (I) As the Company does not have fixed assets, the Clauses (i)(a) to (i)(c) of para 4 of the Orders are not applicable to the company (II) As the Company does not have Inventory, the Clauses (ii)(a) to (ii)(c) of para 4 of the Orders are not applicable to the company (III) (a) According to the information and explanations given to me, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, sub-clause (b), (c) and (d) are not applicable (b) According to the information and explanations given to me, the Company has not taken any loans, secured or unsecured , to companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, sub-clause (f)and (g) are not applicable. (IV) In my opinion and according to the information and explanations given to me there are adequate internal control procedures to commensurate with the size of the Company & nature of its business with regard to the sale of goods and services. During the course of my Audit, I have not observed any major weakness in internal control (V) According to the information and explanation given to me, there have been no contracts or arrangements referred to in section 301 of the Companies Act, 1956 during the year to be entered in the register required to be maintained under that section. Accordingly, sub- clause (B) is not applicable. (VI) In my opinion and according to the information and explanation given to me, The Company has not accepted any deposits from the public as defined under sections 58A and 58AA of the Companies Act, 1956 & the Companies (Acceptance of deposits) Rules 1975. (VII) In my opinion and according to the information and explanation given to me, The Company has an internal audit system commensurate with the size and the nature of its business. (VIII) As the company is not a manufacturing concern, the clause (viii) of para 4 of the Order regarding maintenance of cost records under clause (d) of sub-section (1) of section 20 of the Companies Act, 195 is not applicable to the company. (I)) (a) In my opinion and according to the information and explanation given to me, the company has generally been regular in depositing undisputed statutory dues, including provident fund, investor education and protection fund, employees state insurance, income tax, wealth tax, service tax, custom duty, cess and any other material statutory dues where applicable, with the appropriate authorities during the year (b) There are no amounts in respect of sales tax, income tax, customs duty, wealth tax, service tax, excise duty and cess that have not been deposited with the appropriate authorities on account of any dispute. (X) The Company has accumulated losses as on 31st March, 2011 and has earned profit for the financial year on that date. The accumulated losses of the Company are less than 50% of the net worth of the Company. (XI) In my opinion and according to the information and explanations given to me the Company has not defaulted in repayment of dues to a Financial Institution, Bank or Debenture holders (XII) The Company has not granted any loans and advances on the basis of security by way of pledge of share, debentures & other securities. Accordingly, the provisions of clause 4(xii) of the Order are not applicable. (XIII) The Company is not a chit fund or Nidhi /Mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditor's Report's) Order, 2003 is not applicable to the Company. (XIV) In my opinion, the Company is not a dealer in shares, securities & debentures or any other investments. Accordingly, the provision of clause 4(xiv) of the Order are applicable. (XV) In my opinion and according to the information and explanations given to me the Company has not given any guarantee for loans taken by others from banks or financial institutions during the year. (XVI) The Company has not taken any term loan during the year; as such required details need not be given. (XVII) According to the information and explanations given to me and on an overall examination of the Balance Sheet of the Company, no funds are raised on short term basis, hence detail need not be given. (XVIII) According to the information and explanations given to me, the Company has not made any preferential allotment of shares to parties & Companies covered in the register maintained under section 301 of the Companies Act, 1956 for such a purpose. (XIX) According to the information and explanations given to me, during the period covered by my audit, the Company has not issued debentures FOR S CHANDULAL & COMPANY (CHARTERED ACCOUNTANT) SD/- PROPRIETOR MEMBERSHIP NO.37266 PLACE: THANE DATE : 14TH MAY 2012.