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Sadhna Broadcast Ltd.

BSE: 540821 Sector: Media
NSE: N.A. ISIN Code: INE994R01010
BSE 00:00 | 12 Feb 19.40 0
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NSE 05:30 | 01 Jan Sadhna Broadcast Ltd
OPEN 19.40
PREVIOUS CLOSE 19.40
VOLUME 5
52-Week high 45.80
52-Week low 15.40
P/E 16.30
Mkt Cap.(Rs cr) 19
Buy Price 16.20
Buy Qty 200.00
Sell Price 19.40
Sell Qty 75.00
OPEN 19.40
CLOSE 19.40
VOLUME 5
52-Week high 45.80
52-Week low 15.40
P/E 16.30
Mkt Cap.(Rs cr) 19
Buy Price 16.20
Buy Qty 200.00
Sell Price 19.40
Sell Qty 75.00

Sadhna Broadcast Ltd. (SADHNABROADCAST) - Auditors Report

Company auditors report

To

THE MEMBERS OF SADHNA BROADCAST LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of Sadhna Broadcast Limited("theCompany") which comprise the Balance Sheet as at 31March 2018 the Statement ofProfit and Loss the Cash Flow Statement for the year then ended and a summary of thesignificant 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 financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding 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 financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

Auditors' 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 have conducted our audit in accordance with the Standards on Auditing specifiedunder Section 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 andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Directors as well as evaluating the overall presentationof 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 31stMarch2017 and its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

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 Companies Act 2015 we give in the Annexure "A" statement on the mattersspecified in paragraphs 3 of the Order.

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

(d) In our opinion the aforesaid financial statements comply with the AccountingStandards specified under Section 133 of the Act read with Rule of the Companies(Accounts) Rules 2O14.

(e) On the basis of the written representations received from the directors as on 31March 2018 taken on record by the Board of Directors none of the directors isdisqualified as on 31 March 2018 from being appointed as a director in terms of Section164 (2) of the Act.

(f) 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".

(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 2O14 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 financialposition.

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

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For MITTAL NIRBHAY & CO.

FRN 013097C

Chartered Accountants

Sd/-

CA Kamal Kumar

Partner / 502549

New Delhi

May 31 2018

Sadhna Broadcast Limited

Annexure to Independent Auditors' Report for the period ended March 2018 (Referred toin Paragraph 1 under the Heading of "Report on Other Legal and RegulatoryRequirements"of our Report of even date)

(i) Fixed Assets

The Company has no fixed assets hence reporting under clause 3 (i) (a) (b) and (c)does not arise.

(ii) Inventories

As explained to us inventories of traded good were physically verified during the yearby the Management. In our opinion and according to the information and explanations givento us the inventories have been verified by the management at reasonable intervals inrelation to size of the Company and nature of business and no material discrepancies werenoticed on physical verification.

(iii) Loans given

The Company has not granted any Secured or unsecured loan to companies firms LimitedLiability Partnerships or other parties covered in the register maintained under Section189 of the Companies Act 2013. Hence reporting under clause 3 (iii) (a) (b) and (c) doesnot arise.

(iv) Compliance of Sec. 185 & 186

The Company has not entered into any transaction in resect of loans investmentsguarantee and security which attracts compliance to provisions of section 185 & 186 ofthe Companies Act 2013 therefore paragraph 3 (iv) of the order is not applicable to thecompany.

(v) Public Deposit

During the year the company has not accepted any deposits from the public thereforeparagraph 3 (v) of the order is not applicable.

(vi) Cost Records

In our opinion and according to information and explanations given to us maintenanceof cost records has not been prescribed by the Central Government under Section 148(1) ofthe Companies Act for the sales made and services provided by the company.

(vii) Statutory Dues

a) According to the information and explanations given to us and on the basis of ourexamination of the books of account the Company has generally been regular in depositingits undisputed statutory dues applicable to it with the appropriate authorities.

b) There are no undisputed dues payable dues applicable to it with the appropriateauthorities outstanding as on 31st March 2018 for a period of more than sixmonths from the date they became payable.

c) According to the information and explanations given to us there are no amounts inrespect of statutory dues that have not been deposited with the appropriate authorities onaccount of any dispute.

(viii) According to the information and explanations given to us and on the basisof our examination of the books of account the Company has not taken any loans orborrowings from any financial institutions & banks.

(ix) According to the information and explanations given to us and on the basis ofour examination of the books of account the Company has not raised money by way ofinitial public offer or further public offer (including debt instrument) any term loansduring the period under audit therefore paragraph 3 (ix) of the order is not applicableto the company.

(x) Based upon the audit procedures performed for the purpose of reporting the trueand fair view of the financial statements and as per the information and explanationsgiven by the management we report that no fraud by the Company or any fraud on thecompany by its officers or employees has been noticed or reported during the year.

(xi) In our opinion and according to the information and explanations given to usthe Company is has not paid manegrial remuneration during the year under audit. Thereforeparagraph 3 (xi) of the order regarding paid / provided managerial remuneration inaccordance with the requisite approvals mandated by the provisions of section 197 readwith Schedule V to the Companies Act 2013 is not applicable to the company.

(xii) As explained the company is not a Nidhi Company. Therefore paragraph 3 (xii)of the order is not applicable to the company.

(xiii) As per the information and explanations given by the management company hasno related party transaction during the year under audit Hence reporting under clause3(xiii) doesnot arise.

(xiv) As per the information and explanations given by the management company hasnot made any preferential allotment or private placement of shares or fully or partlyconvertible debentures during the year under review. Therefore paragraph 3 (xiv) of theorder is not applicable to the company.

(xv) As per the information and explanations given by the management the companyhas not entered into any non-cash transaction with directors or persons connected withhim. Therefore paragraph 3 (xv) of the order is not applicable to the company.

(xvi) As per the information and explanations given by the management company isnot required to be registered under section 45-IA of the Reserve Bank of India Act 1934.Therefore paragraph 3 (xvi) of the order is not applicable to the company.

For MITTAL NIRBHAY & CO.

FRN 013097C

Chartered Accountants

Sd/-

CA Kamal Kumar

Partner / 502549

New Delhi May 31 2018

THE INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF

SADHNA BROADCAST LIMITED

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 ("the Act")

We have audited the internal financial controls over financial reporting of SadhnaBroadcast Limited ("the Company") as of 31 March 2018 in conjunction with ouraudit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on "the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India". These responsibilitiesinclude the design implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderly and efficient conduct of itsbusiness including adherence to company's policies the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the Companies Act 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the "Guidance Note") and the Standards on

Auditing issued by ICAI and deemed to be prescribed under section 143(10) of theCompanies Act 2013 to the extent applicable to an audit of internal financial controlsboth applicable to an audit of Internal Financial Controls and both issued by theInstitute of Chartered Accountants of India. Those Standards and the Guidance Note requirethat we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether adequate internal financial controls over financialreporting was established and maintained and if such controls operated effectively in allmaterial respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor's judgement including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opinion on the Company's internal financial controls system overfinancial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

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

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting 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 financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting were operating effectively as at 31 March 2017 based on"the internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls Over Financial Reporting issued by the Institute ofChartered Accountants of India".

For MITTAL NIRBHAY & CO.

FRN 013097C

Chartered Accountants

Sd/-

CA Kamal Kumar

Partner / 502549

New Delhi May 31 2018