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Unick Fix-A-Form And Printers Ltd.

BSE: 541503 Sector: Services
NSE: N.A. ISIN Code: INE250G01010
BSE 00:00 | 19 Mar 31.00 0
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NSE 05:30 | 01 Jan Unick Fix-A-Form And Printers Ltd
OPEN 31.00
PREVIOUS CLOSE 31.00
VOLUME 1
52-Week high 42.95
52-Week low 22.10
P/E 7.52
Mkt Cap.(Rs cr) 17
Buy Price 28.50
Buy Qty 242.00
Sell Price 31.00
Sell Qty 199.00
OPEN 31.00
CLOSE 31.00
VOLUME 1
52-Week high 42.95
52-Week low 22.10
P/E 7.52
Mkt Cap.(Rs cr) 17
Buy Price 28.50
Buy Qty 242.00
Sell Price 31.00
Sell Qty 199.00

Unick Fix-A-Form And Printers Ltd. (UNICKFIXAFORM) - Auditors Report

Company auditors report

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF

UNICK FIX-A-FORM & PRINTERS LTD.

Report on the Financial Statements

We have audited the accompanying financial statements of UNICK FIX-A-FORM &PRINTERS LTD. ("the Company") which comprise the Balance Sheet as at 31stMarch2018 the Statement of Profit and Loss including the statement of OtherComprehensive Income the Cash Flow Statement and the statement of changes in Equity forthe year then ended and a summary of the significant accounting policies and otherexplanatory 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 Act2013 ("the Act") with respect to the preparation ofIND AS financial statements that give a true and fair view of the financial performanceincluding Other Comprehensive Income and changes in Equity and cash flows of the Companyin accordance with the accounting principles generally accepted in India including theIndian (Ind AS) Accounting Standards specified under Section 133 of the Act read with theCompanies Indian Accounting Standards Rules 2015 as amended. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding of 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 the 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 inaccordance with Standards on Auditing issued by the Institute of Chartered Accountants ofIndia as specified under Section 143(10) of the Act. Those Standards require that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether the 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 judgments including assessment of the risks of material misstatements of theInd AS financial statements whether due to fraud or error. In making those riskassessments the auditor considers internal financial control relevant to the Company'spreparation of the Ind AS financial statements that give a true and fair view in order todesign audit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of the accounting policies used and the reasonableness ofthe accounting estimates made by the Company's Directors as well as evaluating the overallpresentation of the Ind AS financial statements. We believe that audit evidence we haveobtained is sufficient and appropriate to provide a basis for our audit opinion on the IndAS 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 withaccounting principles generally accepted in India of the state of affairs of the Companyas at 31st March 2018 and its profit including other comprehensive income its cash flowand 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) Order2016 ("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" a statement on the matters specified inparagraphs 3 and 4 of the Order.

2. 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 Statement of Profit and Loss including the statement of othercomprehensive income the Cash Flow Statement and statement of changes in Equity dealtwith by this report are in agreements with the books of account.

(d) In our opinion the aforesaid Ind AS financial statements comply with the AccountingStandards specified under Section 133 of the Act read with Companies (Indian AccountingStandards) Rules 2015 as amended.

(e) On the basis of the written representation received from the directors as on 31stMarch 2018 taken on record by the Board no Director is disqualified as on 31st March2018 from being Appointed as a Director in terms of Section 164(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 referred to ourseparate report in "Annexure B" to this report.

(g) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Accounts) Rules 2014 in our opinion and to thebest of our information and according to the explanations given to us:

i. The Company has disclosed that there are no any litigations against the Companywhich

may impact its Ind AS financial statements.

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

iii. There was no any amount required to be transferred to the Investor Education andProtection Fund by the Company.

Place : Ahmedabad For A. A. Memon & Co.
Chartered Accountants
Date : 30th May 2018. F.R.No.:106346W
(A.A. Memon)
Proprietor
Membership No. 037728

ANNEXURE "A" TO THE INDEPENDENT AUDITOR'S REPORT

Referred to in paragraph 1 under heading "Report on other legal and regulatoryrequirements" of our report of even date

(i) (a) The Company has maintained proper records showing full particulars includingquantitative

details and situation of fixed assets.

(b) All the fixed assets were physically verified by the management during the year. Weare informed that no material discrepancies were noticed on such verification.

(c) The title deeds of the immovable properties have been found in the name of thecompany.

(ii) The stocks of the inventories have been physically verified during the year bymanagement. In our opinion the frequency of verification is reasonable. The Company ismaintaining proper records and no discrepancy was noticed on verification between thephysical inventory and the book records.

(iii) The Company has not granted any loans secured or unsecured to Companies firmsand LLPs or to other parties covered in the register maintained under Section 189 of theAct. Consequently requirement of clauses (iiia) (iiib) and (iiic) of paragraph 3 ofthe order are not applicable.

(iv) As regard loans & advances and investments the provisions of section 185 and186 of the Companies Act 2013 have been complied with. The Company has not given anyguarantee or security on behalf of any party.

(v) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits within the meaning of Sections 73 to 76 or any otherrelevant provisions of the Act and the Rules framed thereunder.

(vi) The Central Government has not specified any rules for maintenance of cost recordsfor the items of goods manufactured by the company.

(vii) (a) The Company is regular in depositing with appropriate authorities undisputedstatutory

dues including Provident Fund employees state insurance Income Tax GST Service taxDuty of Customs Duty of Excise Value Added Tax Cess and any other statutory duesapplicable to it. According to the information and explanations given to us no Undisputedamounts payable in respect of outstanding statutory dues were in arrears as at March 312018 for a period of more than six months from the date they became payable.

(b) There are no any amounts under dispute which are required to be deposited by 31stMarch 2018.

(viii) According to the information and explanations given to us the Company has notdefaulted in repayment of dues to the Banks Financial Institutions and Government.

(ix) To the best of our knowledge belief and information and explanations given to usthe Company has not applied the moneys of initial public offer private placement and termloans for the purposes other than those for which they were raised/obtained.

(x) To the best of our knowledge and belief and according to information andexplanations given to us no fraud by the Company or any fraud on the Company by itsofficers or employees has been noticed or reported during the year.

(xi) The managerial remuneration has been paid/provided in accordance with therequisite approvals mandated by the provisions of section 197 read with schedule V to theCompanies Act

(xii) As the Company is not a Nidhi Company the paragraph (xii) is not applicable tothe company.

(xiii) As per our belief and information and explanations provided to us alltransactions with the related parties are in compliance with sections 177 and 188 ofCompanies Act 2013 where applicable and the details have been disclosed in the Notes ofthe Financial Statements etc. as required by the applicable accounting standards.

(xiv) The Company has not made any preferential allotment or private placement ofshares or fully or partly convertible debentures during the year under review.

(xv) As informed to us and as per information and explanations given to us theCompany has not entered in to any non cash transactions with directors or personsconnected with them as per provisions of section 192 of the Companies Act 2013

(xvii) In our opinion the company is not required to be registered under section 45IAof the RBI Act 1934.

Place : Ahmedabad For A. A. Memon & Co.
Chartered Accountants
Date : 30th May 2018. F.R.No.:106346W
(A.A. Memon)
Proprietor
Membership No. 037728

ANNEXURE "B" TO THE INDEPENDENT AUDITOR'S REPORT

Report on the financial Control Under Clause (i) of Sub-section 3 of Section 143 of theCompanies

Act 2013 ("the Act'')

We have audited the internal financial controls over financial reporting of UnickFix-A-Form & Printers Ltd.("the Company") as of March 312018 in conjunctionwith our audit of the standalone financial statements of the Company for the year ended onthat 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 ('ICAI'). 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 the frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the Companies Act2013.

AUDITORS' RESPONSIBILITY

Our responsibility is to express as 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 Control over Financial Reporting(the "Guidance Note") and the standards on Auditing issued by 143(10) of theCompanies Act2013 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 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 control 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 judgment 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 and expenditures ofthe company are being made only in accordance with authorizations of management anddirectors of the company; and (3) provide reasonable assurance regarding prevention ortimely detection of unauthorised acquisition use or disposition of the company's assetsthat 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 control 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 risk that the internal financial control overfinancial reporting may become inadequate because of changes in conditions or that thedegree 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 March 312018 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial reporting issued by Institute of CharteredAccountants of India.

Place : Ahmedabad For A. A. Memon & Co.
Chartered Accountants
Date : 30th May 2018. F.R.No.:106346W
(A.A. Memon)
Proprietor
Membership No. 037728