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Celestial Biolabs Ltd.

BSE: 532871 | NSE: CELESTIAL |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE221I01017 | SECTOR: Pharmaceuticals

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BSE Live

Feb 14, 16:00
2.43 -0.12 (-4.71%)
Volume
AVERAGE VOLUME
5-Day
834
10-Day
830
30-Day
1,729
716
  • Prev. Close

    2.55

  • Open Price

    2.43

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Feb 14, 15:32
2.10 -0.10 (-4.55%)
Volume
AVERAGE VOLUME
5-Day
21,094
10-Day
13,221
30-Day
14,113
83,014
  • Prev. Close

    2.20

  • Open Price

    2.30

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2016 2015 2014 2013 2012 2011 2010 2009 2008

Auditor's Report

1. We have audited the attached Balance sheet of Celestial Labs Limited as on 31st March 2009 and the Profit and Loss Account attached thereto for the period ended 31sl March 2009. 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 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 the 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, issued by the Central Government 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 therein. 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 of account as required by law have been kept by the Company so far as appears from our examination of those books; iii. The balance sheet and profit and loss account dealt with by this report are in agreement with the books of account; iv. In our opinion, the balance sheet and profit and loss account 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 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 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 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 31st March 2009. b. In the case of the profit and loss account, of the profit for the period ended on that date; c. In the case of Cash Flow statement, of the Cash Flow for the said year ended on that date. ANNEXURE TO THE AUDITORS REPORT AS REFERRED TO IN PARA 3 OF THE SAID REPORT OF EVEN DATE 1. The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. The fixed assets have been physically verified by the management at reasonable intervals. No material discrepancies have been noticed on such verification. Fixed Assets disposed of during the year are not material enough to affect the going concern of the company. 2. Physical verification has been conducted by the Management at reasonable intervals in respect of fixed assets and stores & spares. The procedures followed by the Management for the physical verification of stocks are, in my opinion, reasonable and adequate in relation to the size of the Company and the nature of its business. No material discrepancies were noticed on physical verification of stores as compared to book balances in so far as appears from my examination of the books. The closing stock has been valued in LIFO Method. The assets have been regrouped wherever felt necessary. 3. The Company has not taken any loans, secured or unsecured from companies, firms or other parties listed in the register maintained under section 301 of the Companies Act,1956 during the year. The Company has not granted any loans, secured or unsecured to the Companies, firms or other parties listed in the Register maintained under section 301 of the Companies Act, 1956 during the year. 4. There are adequate internal control procedures commensurate with the size of company and nature of its business for the purchase of store, raw materials including components, plant and Machinery, equipment and other assets and for the sale of goods. 5. According to the records of Company, there were no transaction of purchase of goods, services and sale of goods, services, made in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956. 6. In our opinion and according to information and explanations give to us the company has not accepted any deposit as such the question of compliances of section 58, 58AA and other relevant provision of Companies act do not arise. Scrap or by-products are not generated by the Company. 7. The Company needs to improve the internal audit system commensurate with the size of the company and the nature of its business 8. As explained to us, the Central Government has not prescribed the maintenance of cost records under section 209(l)(d) of the Companies Act, 1956. 9. In our opinion and according to the information and explanations given to us, the provisions of Provident Fund & Family Pension Act, Employees State Insurance Act are applicable to the company. The company is generally regular in depositing PF and ESI dues with the appropriate authorities. 10.. According to the information and explanations given to us and the books and records examined by us, there are no undisputed amounts, payable in respect of Income Tax, Sales Tax, Customs Duty and Excise Duty outstanding six months from the date they become payable except the following. A) Corporate Divided Tax amounting to Rs. 14,02,532.00 is outstanding for more than six months. B) The Company has not paid any advance tax during the Financial Year 2008-09 as against the tax liability of Rs.67,83,427. Interest under 234 B & C is applicable on this amount. Q As against the provision for FBT amounting to Rs.2,84,765 no advance tax has been paid during the year. D) There is an outstanding liability of Rs.13,84,427.00 for the financial year 2005-06 . 11. The company has no accumulated loss as on 31s1 March 2009 neither it has sustained any cash loss in current year nor in the previous year. 12. According to the information and explanations given to us and the records examined by us and s6 far as we could ascertain, no personal expenses have been charged to revenue account. 13. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures or other securities. 14. The Company is not dealing or trading in shares, securities, debentures and other investments. 15. The Company has not furnished any guarantee during the year, for loans taken by the other firms, banks or financial institutions, terms and conditions whereof are prima-facie, prejudicial to the interest of the Company. 16. In view of the nature of the activities carried out and services rendered the company does not consider it necessary to allocate man hours utilised to the related jobs. 17. The Company has not made any preferential allotments of shares to any party covered in the register maintained under section 301 of the Companies Act 1956, during the year. 18. The Company has not issued any debentures. 19. Based upon the audit procedures performed and information and explanations given by the management, we report that no fraud on or by the company has been noticed or reported during the course of our audit. 20. Other clauses of the order are not applicable to the company for the year. Place: Hyderabad G.V. RAO & CO Date : 31.07.2009 Chartered Accountants G.V.RAO Proprietor Membership No. 216153