Moneycontrol
Get App
SENSEX NIFTY
you are here:

Archies Ltd.

BSE: 532212 | NSE: ARCHIES | Series: NA | ISIN: INE731A01020 | SECTOR: Printing & Stationery

BSE Live

May 28, 16:00
10.93 0.28 (2.63%)
Volume
AVERAGE VOLUME
5-Day
1,244
10-Day
1,319
30-Day
2,270
1,304
  • Prev. Close

    10.65

  • Open Price

    10.35

  • Bid Price (Qty.)

    10.93 (1)

  • Offer Price (Qty.)

    10.99 (387)

NSE Live

May 28, 15:40
10.75 0.20 (1.90%)
Volume
AVERAGE VOLUME
5-Day
10,571
10-Day
10,024
30-Day
16,293
4,375
  • Prev. Close

    10.55

  • Open Price

    10.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    10.75 (74)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

We have audited the attached Balance Sheet of ARCHIES LIMITED as at 31 March, 2006 and also the Profit and Loss Account for the year ended on that date annexed thereto, incorporating the Branch Auditors report of Mumbai, Pune, Indore, Ahmedabad, Chennai, Chandigarh, Hyderabad, Ludhiana, Kolkata, Bhubaneshwar and Bangalore branches and the Cash Flow Statement for the year ended on that date. 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. 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 mis-statement. 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. 1. As reguired by the Companies (Auditors Report) Order, 2003, as amended by the 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 and 5 of the said order. 2. Further to our comments in the Annexure referred to in paragraph 1 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 reguired by law have been kept by the company so far as appears from our examination of such books and proper returns adequate for the purposes of our audit have been received from the branches. The Branch Auditors Reports have been appropriately dealt with in the accounts; (c) The Balance Sheet, Profit and Loss Account and Cash Flow Statements 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 Statements dealt with by this report comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956; (e) On the basis of written representations received from the directors, as on 31 March 2006, and taken on record by the Board of Directors, we hereby certify that none of the directors of the company as on 31 March 2006 is disqualified for appointment as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956 on the said date; (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 the Accounting Policies and Notes to Accounts, 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: (a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31 March, 2006; (b) in the case of the Profit and Loss Account, of the profit 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. For UBEROI SOOD & KAPOOR CHARTERED ACCOUNTANTS S.D. SHARMA PARTNER Place : NEW DELHI (M. No. 80399) Date : 27th May, 2006 ANNEXURE TO THE AUDITORS REPORT Annexure referred to in paragraph 1 of the Auditors Report to the Members of Archies Limited on the accounts for the year ended 31 March 2006. 1. (a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) According to the information and explanations given to us, the management has physically verified the fixed assets at reasonable intervals. No material discrepancies were noticed on such verification as compared to the available records. (c) The company has not disposed off any substantial part of the fixed assets during the year. 2. (a) As explained to us, the inventory has been physically verified by the management at reasonable intervals. (b) 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. (c) On the basis of our examination of the records of inventory, we are of the opinion that the company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material. 3. (a) The company has not granted any loans, secured or unsecured, to companies, firms, or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, sub-clauses (iii)(b) to sub-clauses (iii)(d) are not applicable to the company. (b) The company has not taken any loans, secured or unsecured, from companies, firms, or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, Sub-Clauses (iii)(f) to sub-clauses (iii)(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 procedures commensurate with the size of the company and the nature of its business with regard to purchases of inventory, fixed assets and with regard to the sale of goods and services. 5. (a) The particulars of contracts or arrangements referred to in Section 301 of the Act have been entered in the register required to be maintained under that section. (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements entered in the registers maintained under Section 301 have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. 6. The company has not accepted any deposits from the public under the provisions of sections 58A, 58AA or any other relevant provisions of the Act and the rules framed thereunder. 7. In our opinion, the company has an internal audit system commensurate with its size and nature of its business. 8. The Central Government has not prescribed maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 in respect of the products of the company. 9. (a) According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and other statutory dues applicable to it. According to the information and explanations given to us, no undisputed amounts payable in respect of 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 statutory dues applicable to it, were outstanding, as at 31 March 2006 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 on account of any dispute of Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty and Cess except the following:- Nature of the Amount (Rs.) Period to Forum where Statutory Dues which the the dispute amount relates is pending Income Tax 3,40,27,376.00 Block Period Income Tax Ending Appellate Tribunal, 31.03.2000 New Delhi Income Tax 11,35,900.00 Assessment Year Commissioner 2003-2004 of Income Tax (Appeals), New Delhi Tax Deducted 64,640.00 Assessment Year Income Tax at Source 2002-2003 Appellate Tribunal, New Delhi 10. The company has neither accumulated losses at the end of the financial year nor has incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year. 11. The company has not defaulted in repayment of dues to financial institutions or banks. 12. Based on our examination of documents and records, we are of the opinion that 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. Clause (xiii) is not applicable to the company. 14. Based on our examination of the records, we are of the opinion that proper records have been maintained in respect of the investments of the transactions and contracts and timely entries have been made in those records. We also report that the company has held the shares, securities, debentures and other investments in its own name. 15. The company has not given any guarantee for loans taken by others from bank or financial institutions. 16. The Term Loans have been applied for the purpose for which they were raised. 17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that the company has not used funds raised on short-term basis for long-term purposes. 18. The company has not made any preferential allotment of shares to companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. 19. The company has not issued any debentures. 20. The company has not raised any money by public issues during the year. 21. According to the information and explanations given to us, we report that no fraud on or by the company has been noticed or reported during the year. For UBEROI SOOD & KAPOOR Chartered Accountants S.D. SHARMA Place : New Delhi Partner Dated : 27th May, 2006 (M.No. 80399)