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Urja Global Ltd.

BSE: 526987 Sector: Others
NSE: URJA ISIN Code: INE550C01020
BSE 00:00 | 20 Feb 1.50 0.04
(2.74%)
OPEN

1.49

HIGH

1.51

LOW

1.43

NSE 00:00 | 20 Feb 1.45 -0.05
(-3.33%)
OPEN

1.50

HIGH

1.50

LOW

1.45

OPEN 1.49
PREVIOUS CLOSE 1.46
VOLUME 256368
52-Week high 3.12
52-Week low 1.43
P/E 50.00
Mkt Cap.(Rs cr) 76
Buy Price 1.48
Buy Qty 1500.00
Sell Price 1.50
Sell Qty 4948.00
OPEN 1.49
CLOSE 1.46
VOLUME 256368
52-Week high 3.12
52-Week low 1.43
P/E 50.00
Mkt Cap.(Rs cr) 76
Buy Price 1.48
Buy Qty 1500.00
Sell Price 1.50
Sell Qty 4948.00

Urja Global Ltd. (URJA) - Auditors Report

Company auditors report

To the Members of URJA GLOBAL LIMITED

Report on the IND AS Financial Statements

We have audited the accompanying IND AS financial statements of URJA GLOBAL LIMITED("the Company") which comprise the Balance Sheet as at March 31 2019 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the significant 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 IND AS 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 Accounting Standards(INDAS) specified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud 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 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 andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement 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 theoverall 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 IND AS 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 with theaccounting principles generally accepted in India of the state of a airs of the Companyas at 31st March 2019 and its profit/loss and its cash flows for the year ended on thatdate.

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 Companies Act 2013 we give in the 'Annexure A' a statement on the matters specifiedin paragraphs 3 and 4 of the Order to the extent applicable.

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 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 7 of the Companies(Accounts) Rules 2014.

e) On the basis of the written representations received from the directors as on 31stMarch 2019 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2019 from being appointed as a director in terms of Section164 (2) of the Act.

f) 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 in our opinionand to the best of our information and according to the explanations given to us:

I There is an Income Tax demand of Rs.368443/- as on 31 March 2019 for the A.Y 2006-07 against which the company has iled an appeal with CIT(A) VI New Delhi.

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 ASHM & Associates
Chartered Accountants
Firm's Registration No. 005790C
Sd/-
Place : New Delhi Manoj Kumar Bajaj
Partner
Date : 28 May 2019
M.No-091107

Annexure 'A'

The Annexure referred to in paragraph 1 of Our Report on "Other Legal andRegulatory

Requirements".

We report that:

i.

a. The company has maintained proper records showing full particulars includingquantitative details and situation of its ix ed assets.

b. As explained to us ix ed assets have been physically verified by the management.

ii. As explained to us inventories have been physically verified during the year bythe management at reasonable intervals. No material discrepancy was noticed on physicalverification of stocks by the management as compared to book records.

iii. According to the information and explanations given to us and on the basis of ourexamination of the books of account the Company has not granted any loans secured orunsecured to companies firms Limited Liability Partnerships or other parties listed inthe register maintained under Section 189 of the Companies Act 2013. Consequently theprovisions of clauses iii (a)(b) and (c)of the order are not applicable to the Company.

iv. In respect of loans investments guarantees and security provisions of section185 and 186 of the Companies Act 2013 have been complied with.

v. The company has not accepted any deposits from the public covered under sections 73to 76 of the Companies Act 2013.

vi. As per information & explanation given by the management maintenance of costrecords has not been specified by the Central Government under sub-section (1) of section148of the Companies Act 2013.

vii.

i. According to the records of the company undisputed statutory dues includingProvident Fund Investor Education and Protection Fund Employees' State Insurance Sales-tax Service Tax Custom Duty Excise Duty value added tax cess and any otherstatutory dues to the extent applicable have generally been regularly deposited with theappropriate authorities. According to the information and explanations given to us thecompany has income tax demand for a period of from A.Y. 2011-12 to 2018-19 aggregatingamount of Rs. 26973745/-.

ii. According to the information and explanations given to us there is no amountpayable in respect of service tax sales tax customs duty excise duty value added taxand cess whichever applicable which have not been deposited on account of any disputesexcept the Income Tax demand of Rs.368443/- as on 31st March 2019 for the A.Y 2006-07against which the company has iled an appeal with CIT(A) VI New Delhi.

i. In our opinion and according to the information and explanations given by themanagement we are of the opinion that the Company has not defaulted in repayment of duesto a financial institution bank Government or debenture holders as applicable to thecompany.

ii. Based on our audit procedures and according to the information given by themanagement the company has not raised any money by way of initial public offer or furtherpublic offer (including debt instruments) or taken any term loan during the year.

iii. According to the information and explanations given to us we report that no fraudby the company or any fraud on the Company by its officers or employees has been noticedor reported during the year.

iv. According to the information and explanations given to us we report thatmanagerial remuneration has been paid in accordance with the requisite approvals mandatedby the provisions of section 197 read with Schedule V to the Companies Act.

v. The company is not a Nidhi Company. Therefore clause xii of the order is notapplicable to the company.

vi. According to the information and explanations given to us all transactions withthe related parties are in compliance with sections 177 and 188 of Companies Act 2013where applicable and the details have been disclosed in the Financial Statements etc. asrequired by the applicable accounting standards.

vii. The company has not made any preferential allotment or private placement of sharesor fully or partly convertible debentures during the year under review.

viii. The balances of debtors and creditors are subject to conirmations.

ix. The company has not entered into non-cash transactions with directors or personsconnected with him.

x. The company is not required to be registered under section 45-IA of the Reserve Bankof India Act 1934.

For ASHM & Associates
Chartered Accountants
Firm's Registration No. 005790C
Sd/-
Place : New Delhi Manoj Kumar Bajaj
Date : 28 May 2019 Partner
M.No-091107