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Unick Fix-A-Form And Printers Ltd.

BSE: 541503 Sector: Services
NSE: N.A. ISIN Code: INE250G01010
BSE 00:00 | 12 Aug 38.95 -2.05
(-5.00%)
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NSE 05:30 | 01 Jan Unick Fix-A-Form And Printers Ltd
OPEN 39.95
PREVIOUS CLOSE 41.00
VOLUME 1200
52-Week high 55.00
52-Week low 31.50
P/E 9.12
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 39.95
CLOSE 41.00
VOLUME 1200
52-Week high 55.00
52-Week low 31.50
P/E 9.12
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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

Company auditors report

To the Members of UNICK FIX-A-FORM AND PRINTERS LIMITED

Opinion

We have audited the accompanying financial statements of UNICK FIX-A-FORM ANDPRINTERS LIMITED ("the Company") which comprise the balance sheet as atMarch 31 2022 and the Statement of Profit and Loss and statement of cash flows for theyear then ended and notes to the financial statements including a summary of significantaccounting policies and other explanatory information.

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 CompaniesAct 2013 (‘Act’) in the manner so required and give a true and fair view inconformity with the accounting principles generally accepted in India of the state ofaffairs of the Company as at March 31 2022 its Profit and cash flows for the year endedon that date.

Basis for opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedundersection 143(10) of the Companies Act 2013 as amended ("the Act). Ourresponsibilities under those Standards are further described in the "Auditor'sResponsibilities for the Audit of the Standalone Financial Results" section of ourreport. We are independent of the Company in accordance with the Code of Ethics issued bythe Institute of Chartered Accountants of India together with the ethical requirementsthat are relevant to our audit of the financial statements under the provisions of the Actand the Rules thereunder and we have fulfilled our other ethical responsibilities inaccordance with these requirements and the Code of Ethics. We believe that the auditevidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters:

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the Standalone Ind AS financial statements for the financialyear ended March 31 2022. These matters were addressed in the context of our audit of theStandalone Ind AS financial statements as a whole we do not provide a separate opinion onthese matters.

Management’s Responsibility for the Financial Statements

The Statement has been prepared on the basis of the annual standalone financialstatements for the year ended March 31 2022. The Board of Directors of the Company areresponsible for the preparation and presentation of the Statement that give a true andfair view of the Profit and other comprehensive income and other financial information inaccordance with the applicable accounting standards prescribed under Section 133 of theAct read with relevant rules issued there under and other accounting principles generallyaccepted in India and in compliance with Regulation 33 of the Listing Regulations Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of 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; andthe design implementation and maintenance of adequate internal financial controls thatwere operating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the Statement that give a trueand fair view and are free from material misstatement whether due to fraud or error.

In preparing Statement the Board of Directors are responsible for assessing theCompany's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless the Boardof Directors either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financialreporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

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 theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give true and fair view in order to designaudit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by Company’s Directors as well as evaluating the over allpresentation 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.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2020 ("theOrder") issued by the Central Government in terms of Section 143 (11) of the Act wegive in the Annexure -A statement on the matters specified in paragraphs 3 and 4 of theOrder.

2. As required by section 143(3) of the Act we report that:

a) We have sought and obtained all the information and an explanation which is to thebest of our knowledge and beliefs 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 appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss and Cash Flow Statement dealtwith 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 the Companies (IndianAccounting Standard) Rules 2015 as amended

e) On the basis of written representations received from the directors as on 31 March2022 taken on record by the Board of Directors none of the directors is disqualified ason 31st March 2022 from being appointed as a director in terms of Section164(2) of the Act.

f) With respect to the other matters included in the Auditor’s Report and to ourbest 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 derivatives contractsfor which there were any material foreseeable losses.

iii. There is no amount required to be transferred to the investor’s education& Protection Fund by the Company.

For G M C A & Co.
Chartered Accountants
FRN: 109850W
CA. Mitt S. Patel
Place: Ahmedabad (Partner)
Date:30/05/2022 Membership No. 163940
UDIN :22163940AJVZBA6828

Annexure: A

Reports under The Companies (Auditor's Report) Order 2020 (CARO 2020) for the yearended on 31st March 2022

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 property are in the name of the Company.

(d) The Company has not revalued its property plant and equipment .

(e ) There are no proceedings have been initiated against the company for holding anybenami property under the Benami Transactions (Prohibition) Act 1988 and rules madethereunder.

(ii) The inventories have been physically verified during the year by management. Inour opinion the frequency of verification is reasonable and the coverage and procedurefor such verification is appropriate. As explained to us there were no materialdiscrepancies noticed on physical verification of inventories as compared to the bookrecords.

(iii) The Company has neither made investments in nor provided any guarantee orsecurity or granted any loans secured or unsecured to Companies firms and LLPs or anyother entity covered in the register maintained under Section 189 of the Act.Consequently requirement of clauses (iiia) (iiib) (iiic) (iiid) (iiie) and(iii f) of paragraph 3 of the order are not applicable.

(iv) As regard loans investments guarantees and security the provisions of section185 and 186 of the Companies Act 2013 have been complied with.

(v) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits within the meaning of any directives issued by theReserve Bank of India and the provisions of Sections 73 to 76 or any other relevantprovisions of the Act and the Rules framed thereunder.

(vi) The maintenance of the Cost records is not applicable to the Company as perCompanies (Cost Records and Audit) Rules 2014 prescribed by the Central Government underSection 148(1) of the Companies Act 2013.

(vii) (a) The Company is regular in depositing with appropriate authorities undisputedstatutory dues Including Goods and Services Tax Provident Fund Employees’ stateinsurance Income Tax sales-tax Service Tax duty of customs duty of excise valueadded tax cess and any other statutory dues applicable to it. According to theinformation and explanations given to us no undisputed amounts payable in respect ofoutstanding statutory dues were in arrears as at March 31 2022 for a period ofmore than six months from the date they become payable.

(b) There are no any amounts under dispute which are required to be deposited by 31stMarch 2022.

(viii) There are no transaction which are not recorded in the books of account whichhave been surrendered or disclosed as income during the year in the tax assessment underthe Income tax Act 1961.

(ix) According to the information and explanations given to us the Company has neitherdefaulted in repayment of dues to nor declared defaulter by the Banks FinancialInstitutions or any other lender. The Company has applied the term loan fund for thepurpose for which it has been raised. No short term funds have been utilized for long termpurposes. Company has not taken any funds from any entity or person on account of or tomeet obligation of others. Company has not raised loans during the year on the pledge ofsecurities held in any other company.

(x) To the best of our knowledge belief and information and explanations given to usthe Company has not raised the moneys by initial public offer or further public offer orby any preferential allotment or private placement of shares or convertible debentures.

(xi) 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 has beennoticed or reported during the year. No report by the auditors under section 143(12) ofthe Companies Act in the Form ADT-4 as prescribed under rule 13 of Companies (Audit andAuditors ) Rules 2014 has been filed with the Central Government. During the yearCompany has not received any whistle-blower complaints during the year.

(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 alltransaction to the related parties are in compliance with section 177 and 188 of CompaniesAct 2013 where applicable and the details have been disclosed in the Financial Statementsetc. as required by the applicable accounting standards.

(xiv) The Company has internal audit system commensurate with the size and nature ofits business. The reports of internal auditors have been considered by the statutoryauditors.

(xv) As informed to us and as per information and explanations given to us the companyhas not entered In to any non cash transactions with directors or persons connected withthem as per provisions of Section 192 of the Companies Act 2013.

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

(xvii) Company has neither incurred cash losses in the financial year also nor in theimmediately preceding Financial year.

(xviii) There is no resignation of the statutory auditors during the year.

(xix) On the basis of the financial ratios ageing and expected date of realization offinancial assets and payment of financial liabilities other information accompanying thefinancial statements and knowledge of the Board of Directors and management plans we areof the opinion that no material uncertainty exists as on the date of audit report thatcompany is capable of meeting its liabilities existing at the date of balance sheet as andwhen they fall due within a period of one year from the balance sheet date.

(xx) As Provision of section 135(5) of the Companies Act is not applicable to Companythis clause is not applicable to the Company.

(xxi) As this is the standalone financial statements of the company the provisions ofthis clause is not applicable to the Company.

For G M C A & Co.
Chartered Accountants
FRN: 109850W
CA. Mitt S. Patel
Place: Ahmedabad (Partner)
Date: 30-05-2022 Membership No. 163940
UDIN :22163940AJVZBA6828

Annexure: B

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 M/S.Unick Fix-A-Form & Printers Ltd.("the Company") as of March 31 2022 inconjunction with our audit of the standalone financial statements of the Company for theyear ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internalfinancial controls. These responsibilities include the design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the orderly and efficient conduct of its business including adherence tocompany’s policies the safeguarding of its assets the prevention and detection offrauds and errors the accuracy and completeness of the accounting records and the timelypreparation of reliable financial information as required 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 deemedto be prescribed under section 143(10) of the Companies Act 2013 to the extentapplicable to an audit of internal financial controls both applicable to an audit ofInternal Financial Controls and both issued by the Institute of Chartered Accountants ofIndia. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material 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.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company’s internal financial controlssystem over financial 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 March 31 2022.

For G M C A & Co.
Chartered Accountants
FRN: 109850W
CA. Mitt S. Patel
Place: Ahmedabad (Partner)
Date:30/05/2022 Membership No. 163940
UDIN:22163940AJVZBA6828

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