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21st Century Management Ltd.

BSE: 526921 | NSE: 21STCENMGM |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE253B01015 | SECTOR: Finance - General

BSE Live

Apr 09, 16:00
11.96 -0.24 (-1.97%)
Volume
AVERAGE VOLUME
5-Day
20,092
10-Day
10,676
30-Day
3,774
202
  • Prev. Close

    12.20

  • Open Price

    11.96

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 09, 15:32
10.50 0.10 (0.96%)
Volume
AVERAGE VOLUME
5-Day
915
10-Day
599
30-Day
5,254
1,436
  • Prev. Close

    10.40

  • Open Price

    10.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

We have audited the attached Balance Sheet of TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED for the year ended 31st March 2007 and also the Profit & Loss Account for the year ended on that date, annexed thereto. These financial statements are responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit. 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 made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of Subsection (4A) of Sec. 227 of the Companies Act 1956, we enclose in the annexure a statement on the matters specified in paragraph 4 & 5 of the said Order to the extent applicable. Further to our comments in the Annexure referred to above, we report that: (i) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit. (ii) 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 the books. (iii) In our opinion the Balance Sheet and Profit & Loss Account comply with the accounting standards referred to in Sub section (3C) of Section 211 of the Companies Act, 1956. (iv) The Balance Sheet and Profit & Loss A/c dealt with by this report are in agreement with the books of account. (v) Based on the representations made by the directors and taken on record by the Board of Directors of the Company and the information and explanations given to us, none of the Directors is, as at 31st March, 2007 prima-facie disqualified from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. (vi) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements, read together with the notes thereon, give the information required by the Companies Act, 1956, in the manner so required and present a true and fair view in conformity with the accounting principle generally accepted in India: a) in the case of Balance Sheet, of the state of affairs of the Company as at 31 st March 2007 and b) In the case of Profit & Loss Account, of the Profit of the company for the year ended on that date. c) In the case of Cash Flow Statement, of the cash flows for the year ended on that date. ANNEXURETOTHE-AUDTTORS REPORT 1. The Company has maintained proper records showing full particulars, including quantitive details-and situations of fixed assets. The fixed assets of the company have been physically verified by the Management during the year and no material discrepancies were noticed on such verification. In our opinion the verification is reasonable having regard to the size of the Company and the nature of its assets. No substantial part of the fixed assets has been disposed off by the company during the year. 2. The stock of shares of the company held in physical form have been physically verified during the year by the Management. In our opinion, having regard to the nature and location of stock; the frequency of verification is reasonable. Most of the Shares are held in the dematerailised form. In our opinion and according to the information and explanation given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business. In our opinion and according to the information and explanation given to us, the company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stock and the book records were not material. 3. The Company has not taken any loan from Companies or firms listed in the register maintained under section 301 of the Companys Act 1956 and from the Company under the same management. The company has not given any loan to Companies or firms listed in the register maintained under section 301 of the Companies Act 1956 and from company under the same management. 4. The Company has adequate internal control procedures commensurate with the size of the company and nature of its business with regard to purchase of shares, fixed assets and for the sale of shares, assets or equipments. We have not come across any major weaknesses in internal control. 5. The transaction that are required to be entered into the registrar in pursuance of Section 301 of the act have been so entered. In our opinion and according the information and explanation given to us the transactions made in pursuance of contracts or arrangements entered in the register maintained u/s 301 of the companies act 1956 and exceeding the value of Rs.5 Lacs in respect of any party during the year have been made at prices which are reasonable, having regard to prevailing market prices at the relevant time where such market prices are available. 6. During the year under review, the company has not accepted any deposits from the public to which the provisions of Section 58A of the Companies Act, 1956. As at 31 st March 2007 the company has paid all the fixed deposits, including a sum of Rs. 6.28 lakhs, being unclaimed deposits and the same has been transferred to Investor Education and Protection Fund. 7. The Company being a Non Banking Financial Company incorporated prior to January 9,1997 had applied for registration as provided under Section 45 1A of the Reserve Bank of India Act, 1934 (2 of 1934). A communication rejecting the application has been received from the Reserve Bank of lndia notifying that fresh deposits should not be accepted and that maturing deposits should not be renewed. 8. The Company is hot being a manufacturing company does not have any scrap or by product. 9. In our opinion, the Company has an adequate internal audit system commensurate with the size of the company and nature of its business. 10. We have been informed that Central Government has not prescribed the maintenance of Cost Records under Section 209(1 )(d) of the Companies Act, 1956, for any product of the Company. 11. The company has to pay Income tax liability, which is not quantified by the Department, pertaining to the Assessment Year 1996-97, the company is discharging the liability in installments as agreed by the department. The company has regularly deposited the Employees Provident Fund dues with the appropirate authorities. 12. The company has no accumulated losses at the end of the financial year and the Company has not incurred any cash losses in the current or in the immediately preceeding financial year. 13. On the basis of records examined by us and the information and explanations given to us, the Company has not defaulted in repayment of dues to financial institutions, banks or debenture holders. 14. The Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Therefore the provisions of clause 4 (xii) of the companies (Auditors Report) Ordered, 2003 are not applicable to the company. 15. In our opinion the company is not a Chit Fund or a Nidhi/Mutual Fund/Society. Therefore the provisions of clause 4 (xiii) of the companies (Auditors Report) Ordered, 2003 are not applicable to the company. 16. The Company is dealing & Trading.in shares & proper records have been maintained of the transactions and contracts & timely entries have been made therein & the shares have been held by the Company in its own name. 17. According to the information and explanations given to us the company has not given any guarantee for loans taken by others from banks or financial institutions. 18. According to the information and explanations given to us, the Company has not obtained any term loans during the year under review. 19. According to the information and explanations given to us no preferential allotment of shares to parties and companies covered in the register maintained u/s 301 of the Companies Act, 1956 has been made during the period covered by our audit report. 20. According to the information and explanations given to us the company has not issued any debentures during the year hence creation of security is not applicable. 21. During the period covered by our audit report, the company has not raised any money by public issue. 21.. To the best of our knowledge and belief and according to the information and explanations given to us no material fraud on or by the company has been noticed or reported during the course of our audit. For Shankar & Kishor Chartered Accountants S. B. Shetty Partnar Place: Mumbai Date : 27-04-2007