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Unick Fix-A-Form And Printers Ltd.

BSE: 541503 Sector: Services
NSE: N.A. ISIN Code: INE250G01010
BSE 00:00 | 06 Jul 23.75 -1.20
(-4.81%)
OPEN

26.15

HIGH

26.15

LOW

23.75

NSE 05:30 | 01 Jan Unick Fix-A-Form And Printers Ltd
OPEN 26.15
PREVIOUS CLOSE 24.95
VOLUME 2
52-Week high 29.40
52-Week low 17.15
P/E 4.52
Mkt Cap.(Rs cr) 13
Buy Price 23.75
Buy Qty 99.00
Sell Price 26.15
Sell Qty 1219.00
OPEN 26.15
CLOSE 24.95
VOLUME 2
52-Week high 29.40
52-Week low 17.15
P/E 4.52
Mkt Cap.(Rs cr) 13
Buy Price 23.75
Buy Qty 99.00
Sell Price 26.15
Sell Qty 1219.00

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

Company auditors report

To the Members of UNICK FIX-A-FORM AND PRINTERS LIMITED Report on the Audit of theStandalone Ind AS Financial Statements Opinion

We have audited the accompanying standalone Ind AS financial statements of UNICKFIX-A-FORM AND PRINTERS LIMITED ("the Company') which comprise theBalance sheet asat March 31 2019 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 notes to the financial statements including a summary ofsignificant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone Ind AS financial statements give the informationrequired by the Companies Act 2013 as amended ("the Act") in the manner sorequired and give a true and fair view in conformity with the accounting principlesgenerally accepted in India of the state of affairs of the Company as at March 31 2019its profit including comprehensive income its cash flows and the changes in equity for theyear ended on that date.

Basis for Opinion

We conducted our audit of the standalone Ind AS financial statements in accordance withthe Standards on Auditing (SAs) as specified under section 143(10) of the Act. Ourresponsibilities under those Standards are further described in the 'Auditor'sResponsibilities for the Audit of the Standalone Ind AS Financial Statements' section ofour report. We are independent of the Company in accordance with the 'Code of Ethics'issued by the Institute of Chartered Accountants of India together with the ethicalrequirements that are relevant to our audit of the financial statements under theprovisions of the Act and the Rules thereunder and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. We believethat the audit evidence we have obtained is sufficient and appropriate to provide a basisfor our audit opinion on the Standalone Ind AS financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the Standalone IndAS financial statements for the financialyear ended March 31 2019. These matters were addressed in the context of our audit of the

Standalone Ind AS financial statements as a whole we do not provide a separate opinionon these matters.

Information Other than the Financial Statements and Auditor's Report Thereon.

The Company's Board of Directors is responsible for the other information. The otherinformation comprises the information included in the Annual report 2018-19 but does notinclude the Standalone Ind AS financial statements and our auditor's report thereon.

Our opinion on the Standalone Ind AS financial statements does not cover the otherinformation and we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone Ind AS financial statements ourresponsibility is to read the other information and in doing so consider whether suchother information is materially inconsistent with the standalone Ind AS financialstatements or our knowledge obtained in the audit or otherwise appears to be materiallymisstated. If based on the work we have performed we conclude that there is a materialmisstatement of this other information we are required to report that fact. We havenothing to report in this regard.

Responsibilities of Management for the Standalone Ind AS Financial Statements

The Company's Board of Directors is responsible for the matters stated in section134(5) of the Act with respect to the preparation of these Standalone Ind AS financialstatements that give a true and fair view of the financial position financial performanceincluding other comprehensive income cash flows and changes in equity of the Company inaccordance with the accounting principles generally accepted in India including theIndian Accounting Standards (Ind AS) 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 Standalone Ind AS financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the Standalone Ind AS financial statements management is responsible forassessing the Company's ability to continue as a going concern disclosing as applicablematters related to going concern and using the going concern basis of accountingunlessmanagement either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

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

Auditor's Responsibilities for the Audit of the Standalone Ind AS Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone Ind ASfinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected to influence the economic decisions of userstaken on the basis of these Standalone Ind AS financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Ind ASfinancial statements whether due to fraud or error design and perform audit proceduresresponsive to those risks and obtain audit evidence that is sufficient and appropriate toprovide a basis for our opinion. The risk of not detecting a material misstatementresulting from fraud is higher than for one resulting from error as fraud may involvecollusion forgery intentional omissions misrepresentations or the override of internalcontrol.

• Obtain an understanding of internal control relevant to the audit in order todesign audit procedures that are appropriate in the circumstances. Under section 143(3)(i)of the Act we are also responsible for expressing our opinion on whether the Company hasadequate internal financial controls system in place and the operating effectiveness ofsuch controls.

• Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basisof accounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe financial statements or if such disclosures are inadequate to modify our opinion.Our conclusions are based on the audit evidence obtained up to the date of our auditor'sreport. However future events or conditions may cause the Company to cease to continue asa going concern.

• Evaluate the overall presentation structure and content of the Standalone IndAS financial statements including the disclosures and whether the Standalone Ind ASfinancial statements represent the underlying transactions and events in a manner thatachieves fair presentation.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the Standalone Ind AS financialstatements for the financial year ended March 31 2019 and are therefore the key auditmatters. We describe these matters in our auditor's report unless law or regulationprecludes public disclosure about the matter or when in extremely rare circumstances wedetermine that a matter should not be communicated in our report because the adverseconsequences of doing so would reasonably be expected to outweigh the public interestbenefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016 ("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 1" 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 the 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 agreement with the books of account;

d) In our opinion the aforesaid Standalone Ind AS financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Companies (IndianAccounting Standards) Rules 2015 as amended;

e) On the basis of the written representations received from the directors as on March31 2019 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2019 from being appointed as a director in terms of Section 164 (2) of theAct;

f) With respect to the adequacy of the internal financial controls over financialreporting of the Company with reference to these Standalone Ind AS financial statementsand the operating effectiveness of such controls refer to our separate Report'-' in"Annexure A" 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 (Audit and Auditors) Rules 2014 as amended inour opinion and to the best of our information and according to the explanations given tous.

I. The Company informed that there was no any litigation against the Company whichcould impact the financial position in its standalone Ind AS financial statements.

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

Place : Ahmedabad For A. A. Memon& Co
Chartered Accountants
Date : 30th May 2019 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 properrecords showing full particulars including quantitative details and situation of fixedassets.

(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 undisputed

statutory dues including Provident Fund employees state insurance Income Tax GSTService tax Duty of Customs Duty of Excise Value Added Tax Cess and any otherstatutory dues applicable to it. According to the information and explanations given tous no Undisputed amounts payable in respect of outstanding statutory dues were in arrearsas at March 31 2019 for a period of more than six months from the date they becamepayable.

(b) There are no any amounts under dispute which are required to be deposited by 31stMarch 2019.

(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 2019 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 312019 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 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 design

and operating effectiveness of internal control based on the assessed risk. Theprocedures selected depend on the auditor's judgment including the assessment of therisks of material 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 controls systemover 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 authorizations 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 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 312019 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 of Internal Financial Controls Over Financial reporting issued by Institute ofChartered Accountants of India.

Place : Ahmedabad For A. A. Memon& Co
Chartered Accountants
Date : 30th May 2019 F.R.No.:106346W
(A.A. Memon)
Proprietor
Membership No. 037728