INDEPENDENT AUDITOR’S REPORT
To the Members of ABC Company
Report on the (Standalone) * Financial Statements
1. We
have audited the accompanying financial statements of ABC COMPANY (“the
Company”), which comprise the Balance Sheet as at March 31, 2015, the
Statement of Profit and Loss and Cash Flow Statement for the year then
ended, and a summary of significant accounting policies and other
explanatory information
Management’s Responsibility for the (Standalone) * Financial Statements
2. The
management and Board of Directors of the Company are 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 that
give a true and fair view of the financial position, financial
performance and cash flows 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 Companies (Accounts) Rules, 2014. This responsibility 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; design, implementation and
maintenance of adequate internal financial controls, that are 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
3.
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 thereunder. 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
4.
An audit involves performing procedures to obtain audit evidence about
the amounts and 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
accounting policies used and the reasonableness of the accounting
estimates made by the Company’s management and Board of Directors, as
well as evaluating the overall presentation of the financial statements
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion
Opinion
6. 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 2015, its profit/loss and its cash flows for the year ended
on that date
Report on Other Legal and Regulatory Requirements
7. 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 section143 of the Act, we give in the Annexure a statement on the
matters Specified in paragraphs 3 and 4 of the Order.
8. As required by section 143(3) of the Act, we further 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 purpose 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 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
applicable Accounting Standards specified under Section 133 of the Act,
read with Rule 7 of the Companies (Accounts) Rules 2014
e) on
the basis of written representations received from the directors as on
March 31, 2015, and taken on record by the Board of Directors, none of
the directors is disqualified as on March 31, 2015, from being appointed
as a director in terms of Section 164(2) of the Act
f) In
our opinion and to the best of our information and according to the
explanations given to us, we report as under with respect to other
matters to be included in the Auditor’s Report in accordance with Rule
11 of the Companies (Audit and Auditors) Rules, 2014::
i. The Company does not have any pending litigations which would impact its financial position
ii. The
Company did not have any long-term contracts including derivative
contracts; as such the question of commenting on any material
foreseeable losses thereon does not arise
iii. There
has not been an occasion in case of the Company during the year under
report to transfer any sums to the Investor Education and Protection
Fund. The question of delay in transferring such sums does not arise
For -----
Chartered Accountants
Firm Registration No ----
XXXX
Partner
Place:
Date :
Annexure
referred to in paragraph 7 Our Report of even date to the members of
ABC Company Limited on the accounts 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 report that:
i. (a).
The Company has maintained proper records showing full particulars,
including quantitative details and situation of fixed assets ;
(b).
As explained to us, fixed assets have been physically verified by the
management at regular intervals; as informed to us no material
discrepancies were noticed on such verification;
ii. The
nature of business of the Company does not require it to have any
inventory. Hence, the requirement of clause (ii) of paragraph 3 of the
said Order is not applicable to the Company
iii. The
company has not granted any loans, secured or unsecured to/from
companies, firms or other parties covered in the register maintained
under section 189 of the Act.
iv. In
our opinion and according to the information and explanations given to
us, there is adequate internal control system commensurate with the size
of the Company and the nature of its business, for the purchase of
fixed assets and for the sale of 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, no major weakness has not
been noticed or reported.
v. The Company has not accepted any deposits from the public covered under Section 73 to 76 of the Companies Act, 2013
vi. As
informed to us, the Central Government has not prescribed maintenance
of cost records under sub-section (1) of Section 148 of the Act
vii. (a)
According to the information and explanations given to us and based on
the records of the company examined by us, the company is regular in
depositing the undisputed statutory dues, including Provident Fund, ,
Employees’ State Insurance, Income-tax, Sales-tax, Wealth Tax, Service
Tax, Custom Duty, Excise Duty and other material statutory dues, as
applicable, with the appropriate authorities in India ;
(b)
According to the information and explanations given to us and based on
the records of the company examined by us, there are no dues of Income
Tax, Wealth Tax, Service Tax, Sales Tax, Customs Duty and Excise Duty
which have not been deposited on account of any disputes
(c)
There has not been an occasion in case of the Company during the year
under report to transfer any sums to the Investor Education and
Protection Fund. The question of reporting delay in transferring such
sums does not arise
As
at 31st March, 2015, the Company has been registered for less than 5
years; hence, clause 4(x) of the Order is not applicable to it
viii. According
to the records of the company examined by us and as per the information
and explanations given to us, the company has not availed of any loans
from any financial institution or banks and has not issued debentures
ix. In
our opinion, and according to the information and explanations given to
us, the Company has not given any guarantee for loan taken by others
from a bank or financial institution during the year
x. In
our opinion, and according to the information and explanations given to
us, the company has not raised any term loans during the year
xi. During
the course of our examination of the books and records of the company,
carried in accordance with the auditing standards generally accepted in
India, we have neither come across any instance of fraud on or by the
Company noticed or reported during the course of our audit nor have we
been informed of any such instance by the Management
For ----------
Chartered Accountants
Firm Registration No ----
XXXXX
Partner
Place:
Date:
விந்தணுவின்
அளவு அதிகரிப்பதோடு, அதன் வீரியமும் அதிகரிக்கும். இதனால் அவர்கள் முழு
தாதுபலம் பெற்று மனைவியுடன் இணையலாம். அப்படி இணையும்போது அவர்களின் மனைவி
கருத்தரிப் பது நிச்சயம் ஆகவே தான் அப்பா ஆக துடிக்கும் ஆண்கள் தினமும்
கேரட்டை உணவில் தவறாமல் சேர்த்து சாப்பிட்டு வருவது நல்லது.
யை அதிகரிக்கும்.
