Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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Apcotex Industries Ltd.

BSE: 523694 | NSE: APCOTEXIND |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE116A01032 | SECTOR: Rubber

BSE Live

Jan 27, 16:00
390.50 -1.20 (-0.31%)
Volume
AVERAGE VOLUME
5-Day
12,484
10-Day
12,143
30-Day
9,762
28,641
  • Prev. Close

    391.70

  • Open Price

    387.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 27, 15:57
392.60 -0.80 (-0.20%)
Volume
AVERAGE VOLUME
5-Day
65,067
10-Day
66,756
30-Day
56,749
190,987
  • Prev. Close

    393.40

  • Open Price

    395.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    392.60 (674)

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Auditor's Report

1. We have audited the attached Balance Sheet of APCOTEX INDUSTRIES LIMITED as at 31st March 2010, and also the Proft and Loss Account and the Cash Flow statement of the Company for the year ended on that date, annexed thereto. These fnancial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these fnancial 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 fnancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fnancial statements. An audit also includes assessing the accounting principles used and signifcant estimates made by Management, as well as evaluating the overall fnancial statement presentation. We believe that our audit provides a reasonable basis of our opinion. 3. As required by the Companies (Auditors Report) Order, 2003, 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 and 5 of the said order to the extent applicable. 4. Further to our comments in the Annexure referred to in paragraph 3 above, we state that: (a) 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. (b) In our opinion proper books of account as required by law have been kept by the Company so far as appears form our examination of those books. (c) The Balance Sheet, the Profit and Loss Account and the Cash fow Statement referred to in this report are in agreement with the books of account. (d) In our opinion, the Balance Sheet, the Proft and Loss Account and the Cash Flow statement dealt with by this report comply with the Accounting Standards referred to in Section 211(3C) of Companies Act, 1956. (e) On the basis of the written representations received from the directors, and taken on record by the Board of Directors, we report that none of the directors is disqualifed as on 31st March 2010 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. (f) In our opinion and as per the information and according to the explanations given to us, the said Accounts, read together with the notes thereon, give the information required by the Companies Act, 1956, 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 on 31st March 2010. (ii) In the case of the Proft and Loss Account, of the proft of the Company for the year ended on that date; and (iii) In the case of the Cash Flow Statement, of the cash fows for the year ended on that date. ANNEXURE REFERRED TO IN PARAGRAPH 3 OF THE AUDITORS REPORT TO THE MEMBERS OF APCOTEX INDUSTRIES LIMITED FOR THE YEAR ENDED 31ST MARCH 2010 1) (a) The Company has maintained proper records showing full particulars including quantitative details and situation of the Fixed Assets. (b) There is a regular program of physical verifcation, which in our opinion is reasonable, having regard to the size of the Company and the nature of fxed assets. Material discrepancies noticed by the management during the course of physical verifcation have been properly dealt with. (c) The Company has not disposed of substantial part of fxed assets during the year. 2) (a) Inventories have been physically verifed by the management during the year. In our opinion, the frequency of verifcation is reasonable. (b) The procedures of physical verifcation of stocks followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (c) The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and book records were not material and have been properly dealt with in the books of account. 3) (a) The Company has not granted any loans during the year to any parties covered in the register maintained under section 301 of the Companies Act, 1956 (b) The rate of interest and other terms and conditions of the loan given were prima facie not prejudicial to the interest of the Company. (c) The payment of principal and interest was regular during the tenure of the loan (d) The Company has not accepted any loans during the year from the parties covered in the register maintained under section 301 of the Companies Act, 1956. In view of clause 4 (iii)(e) of the Companies (Auditors Report) Order, 2003, clauses 4 (iii) (f & g) are not applicable to the Company. 4) In our opinion, and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the Company and the nature of its business with regard to the purchase of inventory and fxed assets and with regard to sale of goods and services. We have not observed any major weakness in the internal control system during the course of our audit. 5) (a) All the transactions with parties covered under section 301 of the Companies Act, 1956 have been properly entered in the register maintained under section 301 of the Act. (b) In our opinion, and according to the information and explanations given to us, the transactions of purchase of goods, materials or services and sale of goods, materials or services, made in pursuance of contracts or arrangements referred to in (a) above and exceeding the value of Rs. 5 lakhs with any party during the year have been made at prices which are reasonable having regard to the prevailing market price at the relevant time. 6) In our opinion, and according to the information and explanations given to us, directives issued by the Reserve Bank of India and the provisions of sections Section 58A and 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed there under, to the extent applicable, have been complied with. We are informed by the management that no order has been passed by the Company Law Board, National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal. 7) In our opinion, the Company has an internal audit system commensurate with the size and nature of its business. 8) As informed to us the Company maintains the cost records prescribed under Sec. 209(1)(d) of the Companies Act, 1956. We have, however, not checked those records or the statements prepared as per requirements. 9) (a) According to the information and explanations given to us and the records of the company examined by us, in our opinion, the company is generally regular in depositing the undisputed statutory dues including provident fund, investor education and protection fund, employees state insurance, income tax, sales tax, wealth tax, customs duty, cess and other material statutory dues as applicable with appropriate authorities. As explained to us, the company did not have any dues on account of excise duty. (b) According to the information and explanations given to us and the records of the company examined by us, there are no dues of wealth tax, service tax and cess as at 31st March, 2010 which have not been deposited on account of dispute other than income tax, customs duty and excise duty, which is as follows- Name of Nature of Amount Period to Forum where the Dues (Rs.In which the dispute is Statute Lacs) amount pending relates Income Income Tax 3.75 2002-03 CIT(A) Tax Act Penalty Income Tax, Interest 26.38 2006-07 CIT (A) Tax Act Income Tax, Interest 7.16 2007-08 CIT (A) Tax Act Customs Custom Duty 506.00 August 2000 CESTAT Act & Penalty to July 2004 Excise Act Excise Duty 19.75 2002-03 Joint & Penalty Commissioner 2003-04 CESTAT 2005-06 Assistant Commissioner 2006-07 Assistant Commissioner 2007-08 Assistant Commissioner 10) The Company has no accumulated losses as at 31st March 2010 and it has not incurred any cash losses in the fnancial year ended on that date or in the immediately preceding fnancial year. 11) The Company has not defaulted during the year in repayment of dues to any fnancial institutions, banks or debenture holders. 12) 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) As the Company is not a chit fund, nidhi, mutual beneft fund or society, the provisions of clause 4(xiii) of the Companies (Auditors Report) Order, 2003 is not applicable to the Company. 14) According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments. 15) The Company has not given any guarantees for loans taken by others from Banks or Financial institutions during the year. 16) The Company has not taken any terms loans during the year. 17) According to the information and explanations given to us, the Company has not applied short-term borrowings for long-term investment. 18) The Company has not made any preferential allotment of shares during the year. 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) As per the information and explanation given to us, no fraud on or by the Company has been noticed or reported during the course of our audit. For Shah & Co. Chartered Accountants. Firm Registration No.: -109430W H N SHAH Partner Membership No. 8152 Mumbai : 27th April,2010