TPL Plastech Ltd. இன் முடிவுகள்
Mar 31, 2018
Report on the Financial Statements
We have audited the accompanying financial statements of TPL PLASTECH LIMITED (the "Company"), which comprise the Balance Sheet as at March 31, 2018, the Statement of Profit and Loss (including other comprehensive income), Statement of Changes in Equity and the Cash Flow Statement for the year ended, and a summary of 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 section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these financial statements to give a true and fair view of the financial position, financial performance including other comprehensive income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards (Ind AS) 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 records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditors'' responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company''s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company''s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide 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 explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March, 2018, its profit including other comprehensive income, changes in equity and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2016 ("the Orderâ) issued by the Central Government of India, in exercise of powers conferred by sub-section 11 of section 143 of the Act, and on the basis of such checks of books and records of the Company as we considered appropriate and according to the information and explanations given to us, we give in the Annexure A attached hereto our comments on the matters specified in the paragraphs 3 and 4 of the said 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 best of 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 the Company so far as it appears from our examination of those books.
(c) The Balance Sheet, the Statement of Profit and Loss, Statement of Changes in Equity and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Account) Rules, 2014.
(e) On the basis of the written representations received from the directors as on 31st March, 2018 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2018 from being appointed as a director in terms section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in "Annexure B".
(g) With respect to the matters to be included in the Auditor''s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
(i) The Company has disclosed the impact of pending litigations on its financial position in its financial statements (Refer Note 31.1 to the financial statements).
(ii) The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
(iii) There has been no delay in transferring amounts required to be transferred to the Investor Education and Protection Fund by the Company.
Annexure A referred to in Independent Auditors'' report to the members of the Company on the financial statements for the year ended 31 March 2018, we report that:
1. a. The Company has maintained proper records, showing full particulars including quantitative details and situation of fixed assets.
b. The fixed assets are physically verified by the management according to a phased program designed to cover all the items over the period which, in our opinion, is reasonable, considering the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.
2. The inventories have been physically verified by the management at reasonable intervals during the year. The procedures of physical verification of the inventories followed by the management are reasonable and adequate in relation to the size of the Company and nature of its business. As per the information and explanations given to us, no material discrepancies were noticed on physical verification of inventories as compared to book records.
3. According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Act. Accordingly, the provisions of clause 3(iii) of the Order are not applicable to the Company.
4. During the year, the Company has not given any loans, made investments, issued guarantees and security. Therefore, Para 3 (iv) of the Companies (Auditor''s Report) Order 2016 is not applicable to the Company.
5. No deposits have been accepted by the Company within the meaning of directives issued by RBI (Reserve Bank of India) and Section 73 to 76 or any other relevant provisions of the Act and rules framed thereunder.
6. We have broadly reviewed the cost records maintained by the Company pursuant to the Order of the Central Government under Section 148(1) of the Act and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained. We are, however, not required to make a detailed examination of the records with a view to determine whether they are accurate or complete.
7. a. According to the information and explanations given to us and on the basis of our examination of the records, the Company is regular in depositing undisputed statutory dues including provident fund, employees'' state insurance, income tax, sales tax, custom duty, cess, excise duty, service tax, value added tax, Goods & Service Tax and other material statutory dues during the year with the appropriate authorities. No undisputed amounts payable in respect of the aforesaid statutory dues were outstanding as at the last day of the financial year for a period of more than six months from the date they became payable.
b. According to the information and explanations given to us, there are no dues of income tax, sales tax, service tax, duty of customs, duty of excise, value added tax, cess which have been not deposited on account of any dispute.
8. Based on our audit procedures and on the basis of information and explanations given to us, we are of the opinion that the Company has not defaulted in the repayment of dues to bank. The Company has not taken any loans from financial institutions, government or debenture holders.
9. In our opinion and according to the information and explanations given to us, the term loans have been applied for the purpose for which they were raised. The Company has not raised any money by way of Initial public offer or further public offer (Including debt instrument) during the year or in the recent past.
10. During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India and according to the information and explanations given to us, we have neither come across any instance of fraud by or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of such case by the management.
11. According to the information and explanations given to us and based on our examination of the books and records of the Company, the Company has paid / provided for the managerial remuneration in accordance with the requisite approvals mandated by the provisions of Section 197 read with Schedule V to the Act.
12. In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Therefore, the provisions of clause 3(xii) of the Order are not applicable to the Company.
13. According to the information and explanations given to us and based on our examination of the records of the Company, all the transactions with related parties are in compliance with section 177 and 188 of the Act and all the details have been disclosed in the financial statements as required by the applicable Accounting Standard (Refer Note 31.9 to the financial statements).
14. According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year or in the recent past. Therefore, the provisions of clause 3(xiv) of the Order are not applicable to the Company.
15. According to the information and explanations given to us, the Company has not entered into any non-cash transactions prescribed under Section 192 of the Act year with directors or persons connected with them during the year.
16. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
Annexure B referred to in Independent Auditorsâ Report to the members of the Company on the financial statements for the year ended 31 March 2018
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Act
We have audited the internal financial controls over financial reporting of TPL PLASTECH LIMITED ("the Companyâ) as of March 31, 2018 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Managementâs responsibility for Internal Financial Controls
The Company''s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India ("ICAIâ).These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company''s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.
Auditorsâ Responsibility
Our responsibility is to express an opinion on the Company''s internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Noteâ) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Act, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor''s judgment, including the assessment of the risks 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 to provide a basis for our audit opinion on the Company''s internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A Company''s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A Company''s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company''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 financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2017, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI.
For RAMAN S SHAH & ASSOCIATES
Chartered Accountants
Firm Registration No.119891W
Raman S Shah
Partner
Membership No. 33272
Place: Mumbai
Date: 22nd May, 2018
Mar 31, 2015
We have audited the accompanying standalone financial statements of
TPL Plastech Limited ("the Company"), which comprise the Balance Sheet
as at 31st March, 2015, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of the significant
accounting policies and other explanatory information.
Management's Responsibility for the Standalone Financial Statements
The Company's Board of Directors is responsible for the matters stated
in Section 134(5) of the Companies Act, 2013 ("the Act") with respect
to the preparation of these standalone financial statements that give a
true and fair view of the financial position, financial performance and
cash fows of the Company in accordance with the accounting principles
generally accepted in India, including the Accounting Standards
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 records in accordance with the
provisions of the Act for safeguarding the assets of the Company and
for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls,
that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these standalone
financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting
and auditing standards and matters which are required to be included in
the audit report under the provisions of the Act and the Rules made
there under.
We conducted our audit in accordance with the Standards on Auditing
specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant
to the Company's preparation of the financial statements that give a
true and fair view in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing
an opinion on whether the Company has in place an adequate internal
financial controls system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness
of the accounting estimates made by the Company's Directors, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone
financial statements.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid standalone financial statements
give the information required by the Act in the manner so required and
give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as
at 31st March 2015 and its profit and cash fow for the year ended on
that date.
Report on Other Legal and Regulatory Requirements
1. 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 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 3 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 best of 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 the Company 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 Statement dealt with by this Report are in agreement with the
books of account.
d) In our opinion, the aforesaid standalone financial statements comply
with the Accounting Standards 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 31st March, 2015 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2015
from being appointed as a director in terms of Section 164 (2) of the
Act.
f) With respect to the other matters to be included in the Auditor's
Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and
according to the explanations given to us:
a) The Company has disclosed the impact of pending litigations on its
financial position in its financial statements- Refer Note 23(a)(i) to
the financial statements.
b) The Company did not have material foreseeable losses on long-term
contracts including derivative contracts.
c) There were no amounts which were required to be transferred to the
Investor Education and Protection Fund by the Company.
ANNEXURE REFERRED TO IN PARAGRAPH "REPORT ON OTHER LEGAL AND REGULATORY
REQUIREMENTS" OF OUR REPORT TO THE MEMBERS OF "THE COMPANY" FOR THE
YEAR ENDED 31ST MARCH, 2015
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
our audit, we state that:
1. a) The Company has maintained proper records
showing full particulars, including quantitative details and situation
of fxed assets. b) The Company has carried out physical Verification of
all its fxed assets during the year. In our opinion, the frequency of
Verification is reasonable considering the size of the company and the
nature of its assets. No material discrepancies were noticed on such
Verification.
2. a) The inventory has been physically verified by
the management at reasonable intervals during the year. Inventory lying
with third parties and in transit have been verified by the management
with reference to the confirmation received from them and/or subsequent
receipt of goods.
b) The procedures for physical Verification of inventories followed by
the management are reasonable and adequate in relation to the size of
the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical Verification of inventories as
compared to book records
3. During the year, the Company has not granted any loans, secured or
unsecured to companies, firms or other parties covered in the register
maintained under section 189 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that some of the items
purchased and sold are of the special nature in respect of which
suitable alternative sources do not exist for obtaining comparable
quotations, there are adequate internal control system commensurate
with the size of the company and nature of its business for purchase of
inventory and fixed assets and for the sale of goods and services.
During the course of our audit, no major weakness has been noticed in
the aforesaid internal control system.
5. In our opinion and according to the information and explanations
given to us, the Company has not accepted any public deposits within
the meaning of Section 73 to 76 or any other relevant provisions of the
Act and rules framed there under.
6. We have broadly reviewed the cost records maintained by the Company
pursuant to the Order of the Central Government under Section 148(1) of
the Act and are of the opinion that, prima facie, the
prescribed records have been made and maintained. We are, however, not
required to make a detailed examination of the records with a view to
determine whether they are accurate or complete.
7. a) The Company is regular in depositing undisputed statutory dues
including Provident Fund, Employees' State Insurance, Income Tax, Sales
Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues applicable to the Company with the appropriate authorities. No undisputed amounts payable in respect of the aforesaid statutory dues were outstanding as at the last day of the financial year
for a period of more than six months from the date they became payable.
b) According to the records of the Company, there are no dues of Income
Tax, Sales Tax, Service tax, Customs Duty, Wealth Tax, Excise Duty,
Cess which have not been deposited on account of any dispute.
c) There is no amount required to be transferred to Investor Education
and Protection Fund in accordance with relevant provision of the
Companies Act and rules made there under.
8. The Company has no accumulated losses as at the end of the year and
it has not incurred any cash losses in the financial year ended on that
date and in the immediately preceding financial year.
9. The Company has not defaulted in repayment of dues to banks.
10. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial institutions. Therefore, the provisions of the
clause 4 (x) of the Order are not applicable to the Company.
11. Based on the information and explanations given to us by the
management, the term loans were used for the purpose for which the same
were obtained.
12. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing standards in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For Lodha & Company
Chartered Accountants
Firm Registration No. 301051E
R.P. Baradiya
Place: Mumbai Partner
Date : 26th May, 2015 Membership No. 44101
Mar 31, 2014
We have audited the accompanying financial statements of TPL Plastech
Limited ("the Company"), which comprise the Balance Sheet as at 31st
March, 2014, the Statement of Profit and Loss and the Cash Flow
Statement of the Company for the year then ended and a summary of the
significant accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act") read with the General Circular
15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs
in respect of section 133 of the Companies Act, 2013. This
responsibility includes the design, implementation and maintenance of
internal control relevant to the preparation and presentation of the
financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
Auditors'' Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with the
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers the internal control relevant to the
Company''s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances but not for the purpose of expressing an opinion on the
effectiveness of the entity''s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by the Management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in
India:
(a) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2014;
(b) in the case of the Statement of Profit and Loss, of the profit of
the Company for the year ended on that date, and
(c) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
(1) As required by the Companies (Auditor''s Report) Order, 2003("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
(2) As required by section 227(3) of the Act, we report that :
(a) we have obtained all the information and explanations which to the
best of 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 the Company so far as appears from our examination of
those books;
(c) the Balance Sheet, Statement of Profit and Loss and the Cash Flow
Statement dealt with by this Report are in agreement with the books of
account;
(d) in our opinion, the Balance Sheet, Statement of Profit and Loss and
the Cash Flow Statement comply with the Accounting Standards referred
to in sub-section (3C) of section 211 of the Act read with the General
Circular 15/2013 dated 13th September, 2013 of the Ministry of
Corporate Affairs in respect of section 133 of the Companies Act,
2013;and
(e) on the basis of the written representations received from the
directors as on 31st March 2014 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2014
from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Act.
ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING "REPORT ON OTHER
LEGAL AND REGULATORY REQUIREMENTS" OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF THE TPL PLASTECH LIMITED
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
1. a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
b) The fixed assets have been physically verified by the management at
the end of the year and according to the information and explanations
given to us, no discrepancies were noticed on such verification.
c) During the year, no substantial part of the fixed assets has been
disposed off by the Company.
2. a) The inventory has been physically verified by the management at
reasonable intervals during the
year. Inventory lying with third parties and in transit have been
verified by the management with reference to the confirmations received
from them and/or subsequent receipt of goods.
b) The procedures for physical verification of inventories followed by
the management are reasonable and adequate in relation to the size of
the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical verification of inventories as
compared to book records.
3. The Company has not taken or granted any loans, secured or
unsecured, from / to companies, firms or other parties covered in the
register maintained under Section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that purchase & sale of
certain items of fixed assets and inventory are of special nature for
which suitable alternative sources do not exist for obtaining
comparative quotations, there is an adequate internal control system
commensurate with the size of the Company and the nature of its
business for the purchase of inventory and fixed assets and for the
sale of goods and services. Further, on the basis of our examination
of the books and records of the Company and according to the
information and explanations given to us, we have neither come across
nor we have been informed of any continuing failure to correct major
weaknesses in the aforesaid internal control system.
5. According to the information and explanations given to us, the
Company has not entered in to any contracts or arrangements referred to
in Section 301 of the Act required to be entered in the register under
that Section.
6. The Company has not accepted any deposits within the meaning of
Sections 58A and 58AA or any other relevant provisions of the Act and
rules framed thereunder.
7. In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
8. We have broadly reviewed the cost records maintained by the Company
pursuant to the Order of the Central Government under Section 209(1)(d)
of the Act and are of the opinion that, prima facie, the prescribed
records have been made and maintained. We are, however, not required to
make a detailed examination of the records with a view to determine
whether they are accurate or complete.
9. (a) The Company is regular in depositing undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees'' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service
Tax, Customs ''Duty, Excise Duty, Cess and other material statutory dues
applicable to the Company with the appropriate authorities. As
explained to us, there are no undisputed amounts payable in respect of
the aforesaid statutory dues were outstanding as at the last day of the
financial year for a period of more than six months from the date they
became payable.
(b) According to the information and explanations given to us, there
are no dues of Income Tax, Wealth Tax,Sales Tax, Service tax, Customs
Duty, Excise Duty and Cess which have not been deposited on account of
any dispute.
10. The Company neither has any accumulated losses at the end of the
financial year nor has it incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
11. The Company has not defaulted in repayment of dues to banks.
12. According to the information and explanations given to us and
based on documents produced to us, the Company has not granted any
loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
13. The Company is not a chit fund or a nidhi mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the Order
are not applicable to the Company.
14. The Company is not a dealer or trader in shares, securities,
debentures and other investments. Therefore, the provisions of clause
4 (xiv) of the order are not applicable to the Company.
15. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial institutions.
16. According to the information and explanations given to us, in our
opinion, the term loans were used for the purpose for which the same
were obtained.
17. According to the information and explanations given to us and on
an overall examination of the cash flow statement and balance sheet of
the Company, in our opinion, the funds raised on short term basis have
not been used for long term investments.
18. During the year, the Company has not made any preferential
allotment of shares to parties and companies covered and recorded in
the Register maintained under Section 301 of the Act .
19. The Company has not issued any debentures.
20. The Company has not raised any money by way of public issue during
the year or in the recent past.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For LODHA & COMPANY
Chartered Accountants
Firm Registration No: 301051E
(R. P. Baradiya)
Partner
Membership No. 44101
Place : Mumbai
Date : May 24th May 2014
Mar 31, 2013
Report on the Financial Statements
We have audited the accompanying fi nancial statements of TPL Plastech
Limited ("the Company"), which comprise the Balance Sheet as at 31st
March, 2013, the Statement of Profi t and Loss and the Cash Flow
Statement of the Company for the year then ended and a summary of the
signifi cant accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
The Company''s Management is responsible for the preparation of these fi
nancial statements that give a true and fair view of the fi nancial
position, fi nancial performance and cash fl ows of the Company in
accordance with the Accounting Standards referred to in sub-section
(3C) of section 211 of the Companies Act, 1956 ("the Act"). This
responsibility includes the design, implementation and maintenance of
internal control relevant to the preparation and presentation of the fi
nancial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
Auditors'' Responsibility
Our responsibility is to express an opinion on these fi nancial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with the
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the fi nancial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and the disclosures in the fi nancial statements. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risks of material misstatement of the fi nancial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers the internal control relevant to the
Company''s preparation and fair presentation of the fi nancial
statements in order to design audit procedures that are appropriate in
the circumstances. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of
the accounting estimates made by the Management, as well as evaluating
the overall presentation of the fi nancial statements.
We believe that the audit evidence we have obtained is suffi cient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the fi nancial statements give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2013;
(b) in the case of the Statement of Profi t and Loss, of the profi t of
the Company for the year ended on that date, and
(c) in the case of the Cash Flow Statement, of the cash fl ows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
(1) As required by the Companies (Auditor''s Report) Order, 2003("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specifi ed in paragraphs 4 and 5 of the Order.
(2) As required by section 227(3) of the Act, we report that :
(a) we have obtained all the information and explanations which to the
best of 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 the Company so far as appears from our examination of
those books;
(c) the Balance Sheet, Statement of Profi t and Loss and the Cash Flow
Statement dealt with by this Report are in agreement with the books of
account;
(d) in our opinion, the Balance Sheet, Statement of Profi t and Loss
and the Cash Flow Statement comply with the Accounting Standards
referred to in sub-section (3C) of section 211 of the Act.
(e) On the basis of the written representations received from the
directors as on 31st March 2013 taken on record by the Board of
Directors, none of the directors is disqualifi ed as on 31st March,
2013 from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Act
ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING "REPORT ON OTHER
LEGAL AND REGULATORY REQUIREMENTS" OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF THE TPL PLASTECH LIMITED
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
1. a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fi xed
assets.
b) The fi xed assets have been physically verifi ed by the management
at the end of the year and according to the information and
explanations given to us, no discrepancies were noticed on such verifi
cation.
c) During the year, no substantial part of the fi xed assets has been
disposed off by the Company.
2. a) The inventory has been physically verifi ed by the management at
reasonable intervals during the
year. Inventory lying with third parties and in transit have been
verifi ed by the management with reference to the confi rmations
received from them and/or subsequent receipt of goods.
b) In our opinion and according to the information and explanations
given to us, the procedures for physical verifi cation of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical verifi cation of inventories as
compared to book records.
3. The Company has not taken or granted any loans, secured or
unsecured, from / to companies, fi rms or other parties covered in the
register maintained under Section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that purchase & sale of
certain items of fi xed assets and inventory are of special nature for
which suitable alternative sources do not exist for obtaining
comparative quotations, there is an adequate internal control system
commensurate with the size of the Company and the nature of its
business for the purchase of inventory and fi xed assets and for the
sale of goods and services. Further, on the basis of our examination
of the books and records of the Company and according to the
information and explanations given to us, we have neither come across
nor we have been informed of any continuing failure to correct major
weaknesses in the aforesaid internal control system.
5. According to the information and explanations given to us, the
Company has not entered in to any contracts or arrangements referred to
in Section 301 of the Act required to be entered in the register under
that Section.
6. The Company has not accepted any deposits within the meaning of
Sections 58A and 58AA or any other relevant provisions of the Act and
rules framed thereunder.
7. In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
8. On the basis of records produced, we are of the opinion that
prima-facie, cost records and accounts prescribed by the Central
Government under Section 209 (1) (d) of the Act have been maintained.
However, we are not required to and thus have not carried out any
detailed examination of such accounts and records, with a view to
ascertain whether these are accurate and complete .
9. (a) The Company is regular in depositing undisputed statutory dues
including Provident Fund,
Investor Education and Protection Fund, Employees'' State Insurance,
Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs Rs.Duty, Excise
Duty, Cess and other material statutory dues applicable to the Company
with the appropriate authorities. As explained to us ,there are no
undisputed amounts payable in respect of the aforesaid statutory dues
were outstanding as at the last day of the fi nancial year for a period
of more than six months from the date they became payable.
(b) According to the information and explanations given to us, there
are no dues of Income Tax, Wealth Tax ,Sales Tax, Service tax, Customs
Duty, Excise Duty and Cess which have not been deposited on account of
any dispute.
10. The Company neither has any accumulated losses at the end of the
fi nancial year nor has it incurred any cash losses in the fi nancial
year ended on that date or in the immediately preceding fi nancial
year.
11. The Company has not defaulted in repayment of dues to banks.
12. According to the information and explanations given to us and
based on documents produced to us, the Company has not granted any
loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
13. The Company is not a chit fund or a nidhi mutual benefi t
fund/society. Therefore, the provisions of clause 4(xiii) of the Order
are not applicable to the Company.
14. The Company is not a dealer or trader in shares, securities,
debentures and other investments. Therefore, the provisions of clause
4 (xiv) of the order are not applicable to the Company.
15. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and fi nancial institutions.
16. According to the information and explanations given to us, in our
opinion, the term loans were used for the purpose for which the same
were obtained.
17. According to the information and explanations given to us and on
an overall examination of the cash fl ow statement and balance sheet of
the Company, in our opinion, the funds raised on short term basis have
not been used for long term investments.
18. During the year, the Company has not made any preferential
allotment of shares to parties and companies covered and recorded in
the Register maintained under Section 301 of the Act .
19. The Company has not issued any debentures .
20. The Company has not raised any money by way of public issue during
the year or in the recent past.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For Lodha & Company
Chartered Accountants
(R.P.BARADIYA)
Partner
Membership No. 44101
Firm Registration No- 301051E
Place : Mumbai
Date : 18th May, 2013
Mar 31, 2012
1. We have audited the attached Balance Sheet of TPL PLASTECH LIMITED
as at 31st March, 2012 and the Statement of Profit & Loss and also Cash
Flow Statement of the Company for the year ended on that date annexed
thereto. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates by
management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditor's Report) Order ,2003 issued
by the Central Government of India in terms of Section 227 (4A) of the
Companies Act, 1956 (hereinafter referred to as the 'Act'), we enclose
in the Annexure a statement on the matters specified in paragraphs 4 &
5 of the said Order.
4. Further to our comments in the Annexure referred to in paragraph
(3) above, we report that:-
a) We have obtained all the information and explanations which to the
best of 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 the Company so far as it appears from our examination of the
books;
c) The Balance Sheet, Statement of Profit and Loss and the Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
d) In our opinion, the Balance Sheet, Statement of Profit and Loss and
Cash Flow Statement dealt with by this report have been prepared in
compliance with the accounting standards referred to in Section 211
(3C) of the Act, to the extent applicable;
e) On the basis of written representations received from the directors
as on 31st March,2012 and taken on record by the Board of Directors ,
we report that none of the Directors is disqualified as on 31st March,
2012 from being appointed as a Director in terms of the Section 274 (1)
(g) of the Act;
f) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read together with "
Accompanying Notes " give the information required by the Act in the
manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India:
i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2012;
ii) in the case of the Statement of Profit & Loss , of the profit of
the Company for the year ended on that date; and
iii) in the case of Cash Flow Statement, of the Cash Flows of the
Company for the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF TPL PLASTECH LIMITED ON THE FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31ST MARCH, 2012
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
1. a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
b) The fixed assets have been physically verified by the management at
the end of the year and according to the information and explanations
given to us, no discrepancies were noticed on such verification.
c) During the year, no substantial part of the fixed assets has been
disposed off by the Company.
2. a) The inventory has been physically verified by the management at
reasonable intervals during the year. Inventory lying with third
parties and in transit have been verified by the management with
reference to the confirmations received from them and/or subsequent
receipt of goods.
b) In our opinion and according to the information and explanations
given to us, the procedures for physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical verification of inventories as
compared to book records.
3. The Company has not taken or granted any loans, secured or
unsecured, from / to companies, firms or other parties covered in the
register maintained under Section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that purchase & sale of
certain items of fixed assets and inventory are of special nature for
which suitable alternative sources do not exist for obtaining
comparative quotations, there is an adequate internal control system
commensurate with the size of the Company and the nature of its
business for the purchase of inventory and fixed assets and for the
sale of goods and services. Further, on the basis of our examination
of the books and records of the Company and according to the
information and explanations given to us, we have neither come across
nor we have been informed of any continuing failure to correct major
weaknesses in the aforesaid internal control system.
5. According to the information and explanations given to us, the
Company has not entered in to any contracts or arrangements referred to
in Section 301 of the Act required to be entered in the register under
that Section.
6. The Company has not accepted any deposits within the meaning of
Sections 58A and 58AA or any other relevant provisions of the Act and
rules framed thereunder.
7. In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
8. On the basis of records produced, we are of the opinion that
prima-facie, cost records and accounts prescribed by the Central
Government under Section 209 (1) (d) of the Act have been maintained.
However, we are not required to and thus have not carried out any
detailed examination of such accounts and records, with a view to
ascertain whether these are accurate and complete
9. (a) The Company is regular in depositing undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service
Tax, Customs Duty.Excise Duty, Cess and other material statutory dues
applicable to the Company with the appropriate authorities. As
explained to us .there are no undisputed amounts payable in respect of
the aforesaid statutory dues were outstanding as at the last day of the
financial year for a period of more than six months from the date they
became payable.
(b) According to the information and explanations given to us, there
are no dues of Income Tax, Wealth Tax, Sales Tax, Service tax, Customs
Duty, Excise Duty and Cess which have not been deposited on account of
any dispute, except the following :
Name of the Statute Nature of Period to Amt. in Rs. Forum where
Dues which it
relates dispute is
pending
Central Excise
Act, 1944 Service Tax 2005-2011 2,867,132 Commissio
-ner of
Central
Excise-Vapi
10. The Company neither has any accumulated losses at the end of the
financial year nor has it incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
11. The Company has not defaulted in repayment of dues to banks.
12. According to the information and explanations given to us and
based on documents produced to us, the Company has not granted any
loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
13. The Company is not a chit fund or a nidhi mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the Order
are not applicable to the Company.
14. The Company is not a dealer or trader in shares, securities,
debentures and other investments. Therefore, the provisions of clause
4 (xiv) of the order are not applicable to the Company.
15. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial institutions.
16. According to the information and explanations given to us, in our
opinion, the term loans were used for the purpose for which the same
were obtained.
17. According to the information and explanations given to us and on
an overall examination of the cash flow statement and balance sheet of
the Company, in our opinion, the funds raised on short term basis have
not been used for long term investments.
18. During the year, the Company has not made any preferential
allotment of shares to parties and companies covered and recorded in
the Register maintained under Section 301 of the Act.
19. The Company has not issued any debentures.
20. The Company has not raised any money by way of public issue during
the year or in the recent past.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For Lodha & Company
Chartered Accountants
(R.P.BARADIYA)
Partner
Membership No. 44101
Firm Registration No- 301051E
Place : Mumbai
Date : 21st May, 2012
Mar 31, 2011
1. We have audited the attached Balance Sheet of TPL PLASTECH LIMITED
as at 31st March, 2011 and the Profit & Loss Account and also Cash Flow
Statement of the Company for the year ended on that date annexed
thereto. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates by
management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditor's Report) Order, 2003 issued
by the Central Government of India in terms of Section 227 (4A) of the
Companies Act, 1956 (hereinafter referred to as the 'Act'), we enclose
in the Annexure a statement on the matters specified in paragraphs 4 &
5 of the said Order.
4. Further to our comments in the Annexure referred to in paragraph
(3) above, we report that:-
a) We have obtained all the information and explanations which to the
best of 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 the Company so far as it appears from our examination of the
books;
c) The Balance Sheet, Profit and Loss Account and the Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash
Flow Statement dealt with by this report have been prepared in
compliance with the accounting standards referred to in Section 211
(3C) of the Act, to the extent applicable;
e) On the basis of written representations received from the directors
as on 31st March,2011 and taken on record by the Board of Directors, we
report that none of the Directors is disqualified as on 31st March,
2011 from being appointed as a Director in terms of the Section 274 (1)
(g) of the Act;
f) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read together with
"Significant Accounting Policies and Notes to Accounts" in Schedule 'O'
and other notes appearing elsewhere in the accounts give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India:
i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31 st March, 2011;
ii) in the case of the Profit & Loss Account, of the profit of the
Company for the year ended on that date; and
iii) in the case of Cash Flow Statement, of the Cash Flows of
the Company for the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OF TPL PLASTECH LIMITED ON THE FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 ST MARCH, 2011
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
1. a) The Company has maintained proper records showing full
particulars including quantitative
details and situation of fixed assets.
b) The fixed assets have been physically verified by the management at
the end of the year and according to the information and explanations
given to us, no discrepancies were noticed on such verification.
c) During the year, no substantial part of the fixed assets has been
disposed off by the Company.
2. a) The inventory has been physically verified by the management at
reasonable intervals during the year. Inventory lying with third
parties and in transit have been verified by the management with
reference to the confirmations received from them and/or subsequent
receipt of goods.
b) In our opinion and according to the information and explanations
given to us, the procedures for physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical verification of inventories as
compared to book records.
3. The Company has not taken or granted any loans, secured or
unsecured, from /to companies, firms or other parties covered in the
register maintained under Section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that purchase & sale of
certain items of fixed assets and inventory are of special nature for
which suitable alternative sources do not exist for obtaining
comparative quotations, there is an adequate internal control system
commensurate with the size of the Company and the nature of its
business for the purchase of inventory and fixed assets and for the
sale of goods and services. Further, on the basis of our examination
of the books and records of the Company and according to the
information and explanations given to us, we have neither come across
nor we have been informed of any continuing failure to correct major
weaknesses in the aforesaid internal control system.
5. According to the information and explanations given to us, the
Company has not entered in to any contracts or arrangements referred to
in Section 301 of the Act required to be entered in the register under
that Section.
6. The Company has not accepted any deposits within the meaning of
Sections 58A and 58AA or any other relevant provisions of the Act and
rules framed thereunder.
7. In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
8. The Central Government has not prescribed for the maintenance of
cost records under section 209 (1) (d) of the Act for the product
manufactured by the Company.
9. (a) The Company is regular in depositing undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service
Tax, Customs 'Duty, Excise Duty, Cess and other material statutory dues
applicable to the Company with the appropriate authorities. As
explained to us, there are no undisputed amounts payable in respect of
the aforesaid statutory dues were outstanding as at the last day of the
financial year for a period of more than six months from the date they
became payable.
(b) According to the information and explanations given to us, there
are no dues of Income Tax, Wealth Tax, Sales Tax, Service tax, Customs
Duty, Excise Duty and Cess which have not been deposited on account of
any dispute, except the following:
Name of the Nature of Period to Amt. Forum where
Statute Dues which it in Rs. dispute is
relates pending
Central Service 2005-2011 2,867,132 Commissioner of
Excise Tax Central Excise
Act, 1944 - Vapi
10. The Company neither has any accumulated losses at the end of the
financial year nor has it incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
11. The Company has not defaulted in repayment of dues to banks.
12. According to the information and explanations given to us and
based on documents produced to us, the Company has not granted any
loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
13. The Company is not a chit fund or a nidhi mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the Order
are not applicable to the Company.
14. The Company is not a dealer or trader in shares, securities,
debentures and other investments. Therefore, the provisions of clause
4 (xiv) of the order are not applicable to the Company.
15. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial institutions.
16. According to the information and explanations given to us, in our
opinion, the term loans were applied for the purpose for which the same
were obtained.
17. According to the information and explanations given to us and on
an overall examination of the cash flow statement and balance sheet of
the Company, in our opinion, the funds raised on short term basis have
not been applied for long term investments.
18. During the year, the Company has not made any preferential
allotment of shares to parties and companies covered and recorded in
the Register maintained under Section 301 of the Act.
19. The Company has not issued any debentures.
20. The Company has not raised any money by way of public issue during
the year or in the recent past.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For Lodha & Company
Chartered Accountants
(R.P.BARADIYA)
PARTNER
Membership No. 44101
Firm Registration No- 301051E
Place : Mumbai
Date : 21st May, 2011
Mar 31, 2010
1. We have audited the attached Balance Sheet of TPL PLASTECH LIMITED
as at 31 st March, 2010 and the Profit & Loss Account and also Cash
Flow Statement of the Company for the year ended on that date annexed
thereto. These financial statements are the responsibility of the
Companys management. Our responsibility is to express an opinion on
these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates by
management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditors Report) Order, 2003 issued
by the Central Government of India in terms of Section 227 (4A) of the
Companies Act,1956 (hereinafter referred to as the Act), we enclose
in the Annexure a statement on the matters specified in paragraphs 4_&
5 of the said Order.
4. Further to our comments in the Annexure referred to in paragraph
(3) above, we report that:-
a) We have obtained all the information and explanations which to the
best of 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 the Company so far as it appears from our examination of the
books;
c) The Balance Sheet, Profit and Loss Account and the Cash Flow
Statement dealt with by this report are in agreement with the books of
account;
d) In our opinion, the Balance Sheet .Profit and Loss Account and Cash
Flow Statement dealt with by this report have been prepared in
compliance with the accounting standards referred to in Section 211
(3C) of the Act, to the extent applicable;
e) On the basis of written representations received from the directors
as on 31 st March,2010 and taken on record by the Board of Directors,
we report that none of the Directors is disqualified as on 31st March,
2010 from being appointed as a Director in terms of the Section 274 (1)
(g) of the Act;
f) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read together with
"Significant Accounting Policies and Notes to Accounts" in Schedule O
and other notes appearing elsewhere in the accounts give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India:
i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31 st March, 2010;
ii) in the case of the Profit & Loss Account, of the profit of the
Company for the year ended on that date; and
iii) in the case of Cash Flow Statement, of the Cash Flows of the
Company for the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE TO THE
MEMBERS OFTPL PLASTECH LIMITED ON THE FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 ST MARCH, 2010
On the basis of such checks as we considered appropriate and according
to the information and explanations given to us during the course of
audit, we state that:
1. a) The Company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
b) The fixed assets have been physically verified by the management at
the end of the year and according to the information and explanations
given to us, no discrepancies were noticed on such verification.
c) During the year, no substantial part of the fixed assets has been
disposed off by the Company.
2. a) The inventory has been physically verified by the management at
reasonable intervals during
the year. Inventory lying with third parties and in transit have been
verified by the management with reference to the confirmations received
from them and/or subsequent receipt of goods.
b) In our opinion and according to the information and explanations
given to us, the procedures for physical verification of inventories
followed by the management are reasonable and adequate in relation to
the size of the Company and nature of its business.
c) The Company is maintaining proper records of inventory. No material
discrepancies were noticed on physical verification of inventories as
compared to book records.
3. The Company has not taken or granted any loans, secured or
unsecured, from / to companies, firms or other parties covered in the
register maintained under Section 301 of the Act.
4. In our opinion and according to the information and explanations
given to us, having regard to the explanations that purchase & sale of
certain items of fixed assets and inventory are of special nature for
which suitable alternative sources do not exist for obtaining
comparative quotations, there is an adequate internal control system
commensurate with the size of the Company and the nature of its
business for the purchase of inventory and fixed assets and for the
sale of goods and services. Further, on the basis of our examination
of the books and records of the Company and according to the
information and explanations given to us, we have neither come across
nor we have been informed of any continuing failure to correct major
weaknesses in the aforesaid internal control system.
5. According to the information and explanations given to us, the
Company has not entered in to any contracts or arrangements referred to
in Section 301 of the Act required to be entered in the register under
that Section.
6. The Company has not accepted any deposits within the meaning of
Sections 58A and 58AA or any other relevant provisions of the Act and
rules framed thereunder.
7. In our opinion, the Company has an internal audit system
commensurate with the size of the Company and nature of its business.
8. The Central Government has not prescribed for the maintenance of
cost records under section 209 (1) (d) of the Act for the product
manufactured by the Company.
9. (a) The Company is regular in depositing undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
EmployeesState Insurance, Income Tax, Sales Tax, Wealth Tax, Service
Tax, Customs Duty, Excise Duty, Cess and other material statutory dues
applicable to the Company with the appropriate authorities. As
explained to us, there are no undisputed amounts payable in respect of
the aforesaid statutory dues were outstanding as at the last day of the
financial year for a period of more than six months from the date they
became payable.
(b) According to the information and explanations given to us, there
are no dues of Income Tax, Wealth Tax, Sales Tax, Service Tax, Customs
Duty, Excise Duty and Cess which have not been deposited on account of
any dispute, except the following :
Name of the Nature of Period to which Amt. in Rs. Forum where
dispute is
Statute Dues it relates pending
Central
Excise Service Tax 2005 - 2009 2,979,637 Commissioner of
Central
Act, 1944 Excise - Vapi
10. The Company neither has any accumulated losses at the end of the
financial year nor has it incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
11. The Company has not defaulted in repayment of dues to banks.
12. According to the information and explanations given to us and
based on documents produced to us, the Company has not granted any
loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
13. The Company is not a chit fund or a nidhi mutual benefit
fund/society. Therefore, the provisions of clause 4(xiii) of the Order
are not applicable to the Company.
14. The Company is not a dealer or trader in shares, securities,
debentures and other investments. Therefore, the provisions of clause
4 (xiv) of the order are not applicable to the Company.
15. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks and financial institutions.
16. According to the information and explanations given to us, in our
opinion, the term loans were applied for the purpose for which the same
were obtained.
17. According to the information and explanations given to us and on
an overall examination of the cash flow statement and balance sheet of
the Company, in our opinion, the funds raised on short term basis have
not been applied for long term investments.
18. During the year, the Company has not made any preferential
allotment of shares to parties and companies covered and recorded in
the Register maintained under Section 301 of the Act.
19. The Company has not issued any debentures during the year.
20. The Company has not raised any money by way of public issue during
the year.
21. During the course of our examination of the books and records of
the Company, carried out in accordance with the generally accepted
auditing practices in India and according to the information and
explanations given to us, we have neither come across any instance of
fraud on or by the Company, noticed or reported during the year, nor
have we been informed of such case by the management.
For Lodha & Company
Chartered Accountants
(R.P. BARADIYA)
PARTNER
(Membership. No. 44101)
Firm Registration no- 301051E
Place: Mumbai
Date : 20th May 2010
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TPL Plastech Ltd. குறித்த கூடுதல் தகவல்களை
-
TPL Plastech Ltd. டூல்ஸ்
- பல்க் டீல்ஸ்
-
TPL Plastech Ltd. நிறுவன தகவல்கள்
- நிறுவன சுயவிவரம்
- நிறுவன வரலாறு
- நிர்வாக குழு
- மூலதன வடிவம்
- புராடெக்ட் மிக்ஸ்
- வங்கியாளர்/தணிக்கையாளர்/பதிவாளர்
-
நிறுவன வரலாறு
- போனஸ்
- மும்பை பங்குச் சந்தையில் விலை வரலாறு
- என்எஸ்இ விலை வரலாறு
-
TPL Plastech Ltd. முக்கிய நிதியில் விகிதங்கள்
- விகிதங்கள்
-
TPL Plastech Ltd. முடிவுகள்
- காலாண்டு முடிவுகள்
- அரையாண்டு முடிவுகள்
- 9 மாத முடிவுகள்
- வருடாந்திர முடிவுகள்
-
TPL Plastech Ltd. நிதியியல் தகவல்கள்
- தணிக்கை முடிவுகள்
- பணப்பாய்வு
- இருப்பு நிலைக்குறிப்பு
-
TPL Plastech Ltd. அறிக்கை
- கணக்கியல் கோட்பாடுகள்
- தணிக்கையாளர்கள் அறிக்கை
- இயக்குநர்கள் அறிக்கை
- கணக்கு குறிப்புகள்
-
TPL Plastech Ltd. கார்ப்பரேட் அறிவிப்புகள்
- புத்தக முடிவு
- ஈவுத்தொகை
- நிர்வாகக் குழுக் கூட்டங்கள்
