you are here:

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

Dec 03, 16:00
257.05 6.55 (2.61%)
Volume
AVERAGE VOLUME
5-Day
3,861
10-Day
3,756
30-Day
5,488
8,223
  • Prev. Close

    250.50

  • Open Price

    250.90

  • Bid Price (Qty.)

    257.05 (141)

  • Offer Price (Qty.)

    260.50 (75)

NSE Live

Dec 03, 15:43
256.70 8.15 (3.28%)
Volume
AVERAGE VOLUME
5-Day
33,549
10-Day
34,841
30-Day
49,140
46,769
  • Prev. Close

    248.55

  • Open Price

    249.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    256.70 (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 2011, Profit & Loss Account and the Cash Flow statement for the year ended on that date annexed thereto, (hereinafter collectively referred to as financial statements).These financial statements are the responsibility of the Company''s 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 involves 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 (Auditor''s Report) Order 2003 (the order)issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 (The Act) ,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; (iii) the financial statements dealt with by this report are in agreement with the books of account; (iv) in our opinion, Financial Statements dealt with by this report, comply with the mandatory 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, we report that none of the directors is disqualified as on 31st March 2011, 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 accounts read together with the significant accounting policies and notes thereon, give the information required by the Act, in the manner so required and present a true and fair view in conformity with the accounting principles generally accepted in India: (a) in case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2011; (b) in case of the Profit and Loss Account, of the Profit of the company for the year ended on that date; and (c) in case of the Cash Flow Statement, of the cash flows for the year ended on that date. ANNEXURE TO THE AUDITORS'' REPORT (Referred to in Paragraph 3 of our report of even date) 1. In respect of fixed assets: a. The Company has maintained computerized records showing particulars including quantitative details & situation of fixed assets; however the same is not updated. b. As explained to us, the fixed assets have been physically verified by the management during the year in accordance with a program of verification, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such verification. c. In our opinion, the company has not disposed off substantial part of fixed assets during the year, which has bearing on the going concern assumption. 2. In respect of its inventories: 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. In our opinion and according to information and explanation given to us, 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. There was no material discrepancies noticed on physical verification as compared to book records. 3. In respect of loans, secured or unsecured, granted or taken by the company to/ from companies, firms or other parties covered in the register maintained under section 301 of the companies Act, 1956: 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 is not applicable. 4. In respect of internal control: a. 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. 5. In respect of transaction covered under Section 301 of the companies Act, 1956: a. In our opinion, according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements that needed to be entered into the register maintained under Section 301 of the Companies Act 1956 have been so entered. b. In our opinion, according to the information and explanations given to us, 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. 6. 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. 7. In our opinion, the company has in-house internal audit system commensurate with its size and nature of business. 8. 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. 9. In respect of Statutory Dues: a. According to the records of the company, undisputed statutory dues including Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Cess and any other statutory dues have been generally regularly deposited with the appropriate authorities. According to the information and explanation given to us, no undisputed amounts payable in respect of the aforesaid dues were outstanding as at 31st March 2011, for a period of more than six months from the date of becoming payable. b. The Disputed statutory Dues aggregating to Rs.18.92 Lacs, that have not been deposited on account of matters pending before appropriate authorities are as under: Sr. No Name of Statue Nature of Dues Forum where dispute Pending Amount (IN Lacs) 1. Income Tax Interest on Income Tax Income Tax 18.9? 10. There are no accumulated losses of the Company at the end of the financial year. 11. Based on our audit procedures and according to the information and explanation given to us, we are of the opinion that the company has not defaulted in repayment of dues to financial institutions, banks or debenture holders. 12. In our opinion and according to the information and explanations given to us, no loans or advances have been granted by the company on the basis of security by way of pledge of shares, debentures and other securities 13. In our opinion, the company is not a Chit fund or a nidhi/ mutual benefit fund/society. Therefore, clause 4(Xiii) of the Companies order 2003 is not applicable to the company. 14. In our opinion and according to the information and explanations given to us, the Company is dealing or trading in shares, securities, debentures and other investments. 15. In our opinion and according to the information and explanations given to us, the company has not given any guarantee for loans taken by others from bank or financial institutions. 16. In our opinion and according to the information and explanations given to us, no new term loan has been taken by the company during the year. However the term loan taken in the previous years has been applied for the purpose for which they were obtained. 17. 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, we report that short term funds have not been utilized for long term investments. 18. During the year, the company has received an application money of Rs. 787.50 Lacs, however no preferential allotment of shares was done to parties and companies covered in the register maintained under Section 301 of the companies Act, 1956. 19. 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. 20. The Company did not raise money through public issues during the year under review. 21. 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 FRNo. 109262 W GAURAV SARDA Partner Membership No. 110208 PLACE : MUMBAI DATE : May 21st, 2011