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Ram Minerals and Chemicals Ltd.

BSE: 534734 Sector: Others
NSE: N.A. ISIN Code: INE174N01026
BSE 00:00 | 07 Jun Ram Minerals and Chemicals Ltd
NSE 05:30 | 01 Jan Ram Minerals and Chemicals Ltd
OPEN 0.49
PREVIOUS CLOSE 0.49
VOLUME 16653
52-Week high 0.61
52-Week low 0.49
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.49
CLOSE 0.49
VOLUME 16653
52-Week high 0.61
52-Week low 0.49
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ram Minerals and Chemicals Ltd. (RAMMINERALS) - Auditors Report

Company auditors report

TO THE MEMBERS OF RAM MINERALS & CHEMICALS LIMITED

Report on Financial Statements

We have audited the accompanying financial statements of RAM MINERALS & CHEMICALSLIMITED which comprise the Balance Sheet as at 31 March 2019 the Statement of Profit& Loss and cash Flow Statement for the year ended and a summary of significantaccounting 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 andpresentation of these financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the Indian AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014. This responsibility also includes the maintenance adequateaccounting records in accordance with the provision of the Act for safeguarding of theassets of the Company and for preventing and detecting the frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of internal financial control that were operating effectively for ensuringthe accuracy and completeness of the accounting records relevant to the presentation andpreparation of financial statements that give a true and fair view and free from materialmisstatement 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 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 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'sjudgement including the assessment of the risks of material misstatement of the FinancialStatement whether due to fraud or error. In making those risks assessments the auditorconsiders internal financial control relevant to the Company's preparation of thefinancial statements that give true and fair view in order to design audit proceduresthat are appropriate in the circumstances but not for the purpose of expressing anopinion on whether the Company has in place and adequate internal financial controlssystem over financial reporting and operating effectiveness of such controls.

An audit also includes evaluating the appropriateness of accounting policies used andthe reasonableness of the accounting estimates made by the Company's Directors as well asevaluating 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 on the financial statements.

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 of the state of affairs of the Company as at 31stMarch2019 its profit and its cash flows for the year ended on that date. Report on other Legaland Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act we give in the Annexure a statement on the matters specified to the extentapplicable.

2. As required by Section 143(3) of the Act we report that: a) We have sought andobtained all the information and explanations which to the best of our knowledge andbelief were necessary for the purpose of our audit. b) In our opinion proper books ofaccount as required by law have been kept by the Company so far as it appears from ourexamination of those books. c) The Balance Sheet the Statement of Profit and Loss andCash Flow Statement dealt with by this Report are in agreement with the books of account.d) In our opinion the aforesaid financial statements comply with the Indian AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules e) On the basis of written representations received from the directorsas on 31st March 2015 taken on record by the Board of Directors none of thedirectors is disqualified as on 31stMarch 2019 from being appointed as adirector in terms of Section 164(2) of the Act. f) In our opinion and to the best of ourinformation and according to the explanations Given to us we report as under with respectto other matters to be included in the Auditor's Report in accordance with Rule 11 of theCompanies (Audit and Auditors) Rules 2014: i. The Company does not have any pendinglitigations which would impact its financial position. ii. The Company did not have anylong term contracts including derivatives contracts for which there was any materialforeseeable loss. iii. There were no amounts which required to be transferred by theCompany to the Investor

Education and Protection Fund.

For GAMS & Associates

(Formerly Known as Singla & Associates)

Date: 30thMay 2019

(Chartered Accountants)

Place: Delhi

Sd/-

CA Anil Gupta (Partner)

Membership No. 088218

.