SENSEX NIFTY
Natura Hue Chem | Auditor's Report > Miscellaneous > Auditor's Report from Natura Hue Chem - BSE: 531834, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > MISCELLANEOUS > AUDITORS REPORT - Natura Hue Chem
Natura Hue Chem
BSE: 531834|ISIN: INE487B01019|SECTOR: Miscellaneous
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Jul 21, 16:01
1.06
-0.05 (-4.5%)
VOLUME 11
Natura Hue Chem is not listed on NSE
« Mar 13
Auditor's Report (Natura Hue Chem) Year End : Mar '14
Report on the Financial Statements
 
 We have audited the accompanying financial statements of M/S NATURA HUE
 CHEM LIMITED (the Company), which comprise the Balance Sheet as at
 March 31, 2014, and the Statement of Profit and Loss and the Cash Flow
 Statement for the year then ended, and a summary of significant
 accounting policies and other explanatory information, which we have
 signed under reference to this report.
 
 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 notified under ''the Companies Act, 1956'' of
 India (the Act) read with the General Circular 15/ 2013 dated
 September 13, 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.
 
 Auditor''s 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
 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 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 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. An audit also
 includes evaluating the appropriateness of accounting policies used and
 the reasonableness of the accounting estimates made by 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, subject to note given below, 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 March 31, 2014;
 
 b.  in the case of the Profit and Loss Account, of the loss 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
 including companies (Auditors Report) (Amendment) order 2004 issued by
 the Central Government of India in terms of Sub-section (4A) of section
 227 of the companies Act, 1956, we enclose in the Annexure a Statement
 on the matters specified in paragraphs 4 & 5 of the said 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 Cash Flow
 Statement dealt with by this Report are in agreement with the books of
 account.
 
 d.  In our opinion, subject to point no. 3 given below the Balance
 Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this
 report comply with the accounting standards referred to in sub-section
 (3C) of section 211 of the companies Act, 1956 read with general
 circular 15/2013 dated 13 September2013 of Ministry of Corporate
 Affairs in respect of section 133 of the Companies Act 2013 and
 
 e. On the basis of written representations received from all the
 directors as on March 31,2014, and taken on record by the Board of
 Directors, none of the directors is disqualified as on March 31, 2014,
 from being appointed as a director in terms of clause (g) of sub-
 section (1) of section 274 of the Companies Act, 1956.
 
 3.  Attention of the members is drawn to the following Notes:-
 
 Note No. 11 of Notes on financial statements regarding certain
 disclosure relating to Micro / Small / Medium Enterprises.
 
 ANNEXURE TO THE AUDITOR''S REPORT REFERRED TO IN PARAGRAPH 3 OF OUR
 REPORT OF EVEN DATE
 
 I.  a. The company has maintained proper records to show its full
 particulars including quantitative details and situation of fixed
 assets.
 
 b.  As explained to us, all the fixed assets have been physical
 verified by the management with a phased programme over the year, which
 in our opinion is reasonable having regard to the size of the company
 and the nature of its assets. No serious discrepancies were noticed on
 such verification conducted during the year as compared with the books
 records.
 
 c.  The Company has not disposed off any fixed assets of the Company
 during the year under audit.
 
 II.  The Company is a service company, primarily rendering Cargo
 Handling services; Accordingly Clause 4(ii) (a) to (c) of CARO 2003 is
 not applicable to the Company.
 
 III. As informed by us, the Company has neither granted nor taken any
 loans, secured or unsecured to/from companies, firms or other parties
 covered in the register maintained under section 301 of the Companies
 Act, 1956. Since the Company has neither granted nor taken any loans,
 secured or unsecured to/from companies, firms or other parties covered
 in the register maintained under section 301 of the Companies Act,
 1956, clauses 4(iii) (a) to (g) of CARO 2003 are not applicable to the
 Company.
 
 IV.  In our opinion and according to the information and explanations
 there are adequate internal control procedures commensurate with the
 size of the company and the nature of its business with regard to
 supply of services.  Further, on the basis of our examination, and
 according to the information and explanations given to us, we have
 neither come across nor have been informed of any instance of major
 weaknesses in the aforesaid internal control procedures.
 
 V.  a) According to the information and explanations given to us,
 Company has not entered into any contract or arrangement referred to in
 section 301 of the act.
 
 b) As the Company has not entered into any transaction, no comments
 have been given in respect of Clause 4(v) of the CARO, 2003.
 
 VI.  In our opinion according to the information and explanations
 provided by the management, in our opinion, the company has not
 accepted any public deposits. Hence no comments have been given in
 respect of Clause 4(vi) of the CARO, 2003.
 
 VII. The Company does not have a formal internal audit system. However,
 in our opinion, there are adequate internal control procedures
 commensurate with the size and nature of the business.
 
 VIII.  The Central Government of India has not prescribed the
 maintenance of cost records under section 209(1 )(d) of the Companies
 Act, 1956, for any of the services rendered by the Company.
 
 IX.  a) According to the information and explanations given to us and
 according to the books and records as produced and examined by us, in
 our opinion, undisputed statutory dues including provident fund,
 employee''s state insurance, income tax, sales tax, wealth tax, service
 tax, customs duty, excise duty, cess and other material statutory dues
 applicable to the Company have generally been regularly deposited with
 the appropriate authorities. According to the information and
 explanations given to us, no undisputed amounts payable in respect of
 income tax, sales tax, wealth tax, service tax, customs duty, excise
 duty and cess were in arrears, as at 31st March 2014 for a period of
 more than six months from the date they became payable.
 
 b) As on 31st March 2014, according to the records of the Company,
 there are no dues of sales tax, income-tax, customs tax / wealth tax,
 excise duty, Service Tax / cess on account of any dispute.
 
 X.  The Company''s accumulated losses at the end of the financial year
 are less than fifty per cent of its net worth. However, it has incurred
 cash losses both in current year as well as in the immediately
 preceding financial year.
 
 XI.  Since there is no borrowing from Bank / Financial Institution,
 Hence no comments have been given in respect of Clause 4(XI) of the
 CARO, 2003.
 
 XII. According to the information and explanations given to us and
 based on the documents and records produced before us, the Company has
 not granted any loans and advances on the basis of pledge of shares,
 debentures and other securities.
 
 XIII.  In our opinion and to the best of our knowledge and according to
 the explanations provided by the management, that the company is
 neither a Chit Fund nor a Nidhi/mutual benefit society. Hence, the
 requirements of Clause 4(xiii) of CARO, 2003 do not apply to the
 Company.
 
 XIV. In our opinion, the company is not dealing in or trading in
 shares, securities, debentures and other investments. Accordingly, the
 provision of clause 4 (xiv) of CARO 2003 is not applicable to the
 company.
 
 XV.  The Company has not given guarantees for loans taken by others
 from bank or financial institutions. Accordingly, the provision of
 clause 4 (XV) of CARO 2003 is not applicable to the company.
 
 XVI. The Company has neither raised any term loans during the year nor
 was any unutilized amount left on this account, as at the beginning of
 the year.  Therefore, the provision of clause 4 (XVI) of CARO 2003 is
 not applicable to the company.
 
 XVII.  According to the information and explanations given to us and on
 an overall examination of the balance sheet of the company, we report
 that no funds raised on short-term basis have been used for long-term
 investment by the Company.
 
 XVIII.  The Company has not made any fresh allotment of shares during
 the year.
 
 XIX. The Company did not issued debentures during the year.
 
 XX.  The Company has not raised any money by public issue during the
 period covered by our audit report.
 
 XXI. To the best of our knowledge and belief, and according to the
 information and explanations given to us, and the records of the
 Company examined by us, no material fraud on or by the Company was
 noticed or reported during the course of our audit.
 
 FOR, MADHURESH GUPTA AND CO
 CHARTERED ACCOUNTANTS
 FIRM REGN/N0.005910C
 
 
 (MADHURESH GUPTA)
 PROPRIETOR
 M.NO.07436
 
 PLACE: RAIPUR
 DATE: 01.09.2014
Source : Dion Global Solutions Limited
Quick Links for naturahuechem
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.