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Bhageria Industries Ltd.

BSE: 530803 | NSE: BHAGERIA |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE354C01027 | SECTOR: Dyes & Pigments

BSE Live

Jan 25, 15:40
233.95 0.40 (0.17%)
Volume
AVERAGE VOLUME
5-Day
5,043
10-Day
3,545
30-Day
4,122
1,844
  • Prev. Close

    233.55

  • Open Price

    232.15

  • Bid Price (Qty.)

    230.25 (1)

  • Offer Price (Qty.)

    248.00 (1)

NSE Live

Jan 25, 15:46
234.60 0.30 (0.13%)
Volume
AVERAGE VOLUME
5-Day
32,466
10-Day
32,200
30-Day
27,997
35,932
  • Prev. Close

    234.30

  • Open Price

    230.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    234.60 (1)

Annual Report

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

Auditor's Report

1. We have audited the attached Balance Sheet of BHAGERIA DYE-CHEM LIMITED, (the Company) as at 31st March 2009, Profit & Loss Account and the Cash Flow statement for the year ended on that date annexed thereto, (hereinafter collectively referred as Financial Statements) 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. 2. We have 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. 3. As required by the Companies (Auditors Report) Order 2003 (the Order) as amended issued by the Central Government in terms of sub-section (4A) of section 227 of the Companies Act, 1956 (The Act) and on the basis of such checks as we considered appropriate and according to the information and explanation given to us during the course of audit, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order. 4. 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 purposes of our audit; (ii) In our opinion, proper books as required by law have been kept by the company so far as appears from our examination of those books of account (iii) The Financial Statements dealt with by this report are in agreement with the books of account; (iv) In our opinion, and to the best of our information and according to the explanations given to us Financial 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; (v) On the basis of written representations received from the directors, as on 31st March 2009, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March 2009, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Act; (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 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 31st March 2009; (b) In the case of the Profit and Loss Account, of the Loss of the company for the year ended on that date; and (c) In the case of cash flow statement, of the cash flows for the year ended on that date ANNEXURE TO THE AUDITORS REPORT Annexure referred to in Para 3 of our Report of even date on the financial statements for the year ended 31st March 2009 of BHAGERIA DYE-CHEM LIMITED. Based on the audit procedures performed for the purpose of reporting a true and fair view of the financial statements of the Company and taking into consideration the information and explanations given to us and the books and other records examined by us in the normal course of our audit. We report that, (i) (a) The Company has maintained computerized records showing full particulars including quantitative details & situation of fixed assets, except in respect of furniture and fixtures; office equipment and data processing equipment record in terms of values are only kept. (b) Some of the fixed assets were physically verified during the year by the management in accordance with a program of verification, which in our opinion provides for physical verification of all the fixed assets at reasonable intervals. According to information and explanation given to us, no material discrepancies were noticed on such verification. (c) The company has not disposed off substantial part of fixed assets during the year, which has bearing on the going concern assumption. (ii) (a) The management, during the year under review, has conducted physical verification of inventory at reasonable intervals except materials lying with third parties, where confirmations are obtained. The frequency of such verification is reasonable in relation to the size of the company, nature of its business and nature of inventory. (b) The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of company and nature of its business. (c) The Company is maintaining proper records of inventory as required in the normal course of business. The discrepancies noticed on verification between physical stocks and book records were not material. (iii) (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 Act; and hence clause (b) ,(c) and (d) are not applicable. (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 clause 4(lll)(f) to (g) of the said order are not applicable. (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 with regard to purchases of inventory and fixed assets and for sale of goods and services. We have not noted any continuing failure to correct major weaknesses in the internal controls during the course of audit. (v) (a) According to the information and explanations given to us, we are of the opinion that 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, according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered into the register maintained under section 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 price which are reasonable having regards to prevailing market price at the relevant time. (vi) In our opinion & according to the information and explanations given to us, the company has not accepted deposits from public under the provision of section 58A and 58AA or any other relevant provision of the Act. (vii) In our opinion, the company has in-house internal audit system commensurate with its size and nature of business. (viii The Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the nature of industry in which the Company is doing business. (ix) (a) According to the information and explanations given to us, the company is regular in depositing undisputed statutory dues including Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Cess and any other statutory dues with the appropriate authorities and no such undisputed amount is outstanding at the last day of the financial year for a period of more than six months from the date they became payable. (b) The company has disputed dues relating to Income Tax, which has not been recognized as liability by the company, however the sum of Rs 53.79 Lacs has been deposited with the appropriate authorities. Matters Pending Before Nature Amount (Rs in Lacs) Chief Commissioner of Income Tax & Commissioner of Income Tax Interest on income Tax 18.82 Income Tax Appellate Tribunal Assessment dues 73.04 Total 91.86 (x) There are no accumulated losses of the Company at the end of the financial year. (xi) In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to financial institutions or banks. (xii) In our opinion and according to the information and explanations given to us, the Company has not granted any loans or advances against security of pledge of shares, debentures and other securities. (xiii) In our opinion and according to the information and explanations given to us, this clause and sub clauses (a) to (d) are not applicable as the Company has not entered into business of Chit Fund, or related activities. (xiv) In our opinion and according to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments. (xv) In our opinion and according to the information and explanations given to us, company has not given any guarantee for loans taken by others from bank or financial institutions. (xvi) In our opinion and according to the information and explanations given to us, the company has not taken any term loans. (xvii)On the basis of an overall examination of the balance sheet of the company, in our opinion and according to the information and explanation given to us, there are no funds raised on short term benefits which have been used for long term investments. (xviii)ln our opinion, the Company has not made any preferential allotment of shares to parties and Companies covered in the register maintained in pursuance of section 301 of the Companies Act, 1956. (xix) In our opinion and according to the information and explanations given to us, the Company has not issued any debentures during the year under review. (xx) The Company did not raise money through public issues during the year under review. (xxi) According to the information and explanations given to us & to the best of our knowledge or belief, no material fraud on or by the Company has been noticed or reported during the course of our audit For SARDA & PAREEK. CHARTERED ACCOUNTANTS SITARAM PAREEK Partner Membership No. 16617 PLACE : MUMBAI DATE : June 27, 2009.