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Cenlub Industries Ltd.

BSE Live

May 21, 16:00
28.85 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
885
10-Day
647
30-Day
3,743
777
  • Prev. Close

    28.85

  • Open Price

    28.20

  • Bid Price (Qty.)

    27.55 (200)

  • Offer Price (Qty.)

    28.85 (49)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Cenlub Industries is not listed on NSE

Annual Report

For Year :
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Auditor's Report

ANNUAL REPORT 2005-2006 AUDITOR'S REPORT TO THE MEMBERS OF CENLUB INDUSTRIES LTD. 1. We have audited the attached Balance Sheet of M/s. Cenlub Industries Ltd., as at 31st March 2006, the Profit and Loss Account and also the Cash Flow Statement for the year ended on that date. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statement a 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 examination, 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 statements. 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 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 & 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 purpose of our audit. ii. In our opinion, proper books of accounts, as required by law have been kept by the company so far, as appears from our examination of those books. iii. The Balance Sheet, Profit And Loss Account and Cash Flow statement dealt with are in agreement with by this report with the books of accounts. iv. In our opinion, the Balance Sheet, Profit And Loss Account and Cash Flow statement comply with the accounting standards referred to in sub- section (3C) of Section 211 of the Companies Act, 1956. v. On the basis of the written representations received from the directors as on 31st March 2006, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March 2006 from being appointed as a 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 read with the Accounting policies and 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: a) In the case of the Balance Sheet, of the state of affairs of the company as at 31st March, 2006 b) In the case of the Profit and Loss account of the profit of the company for the year ended on that date and in the case of Cash Flow Statement, of the Cash Flow for the year ended on that date. For SATISH SINGLA & CO. (Chartered Accountants) PLACE: FARIDABAD (SATISH SINGLA) DATE : 10.8.2006 M.NO: 80836 ANNEXURE TO THE AUDITOR'S REPORT Referred to in paragraph 3 of our Report of even data: 1. (a) The company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets. (b) A Major portion of the fixed assets have been physically verified by the management during the year and there is a regular program of verification which in our opinion, is reasonable having regard to the size of the company and the nature of its assets. According to the information and explanations given to us, no material discrepancies have been noticed to such physical verification as compared to the book records. (c) During the year the Company has disposed off some items of the vehicle. According to the information and explanation given to us, we are of the opinion that the sale of the said items of vehicle has not affected the going concern of the company. 2) (a) Physical verification has been carried out by the Management in respect of inventory at reasonable intervals including as on 31.03.2006 as per the records reviewed by us. (b) Based on explanations and records produced by company, in our view, in relation to the size of the Company and the nature of the procedure of physical verification of inventory followed by the Management during the accounting year are reasonable and adequate. (c) The Company is maintaining proper records of inventory. As per the information furnished by the management, no material discrepancy was observed between physical inventories and the books records, and the same has been properly dealt with in the books of account. 3) The company has during the year, neither granted nor 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 and accordingly the question of repayment of principal interest or any overdoes, is not relevant 4) In our opinion and according to the information and explanations given to us during the course of audit, there are internal control procedures, generally considered adequate, commensurate with the size of the Company and the nature of its business for purchases of inventory, fixed assets and with regard to sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal controls. 5) (a) According to the information and explanation given to us, contracts or arrangements entered into by the Company during the year that are required to entered into the register maintained under section (301) of the Companies Act 195 have been entered in the register. (b) According to the information and explanation given to us, the Company has entered into transactions during the year exceeding the value of rupees of five lakhs in respect of a company required to be noted in the register maintained under section 301 of the Companies Act 1956. In our opinion the transactions of purchases have been made at prices, which are reasonable having regard to prevailing market prices for each goods or materials. 6) The Company has not accepted, during the year any deposits requiring compliance of the provisions of Section 58 A & section 58 AA of the Companies Act, 1956 and the rules framed thereunder with regard to acceptance of deposits. 7) The Company has an internal audit system, which in our opinion is considered as commensurate with the size of the Company and the nature of its business. 8) As explained to us, the Central Government has not prescribed under Section 209(1)(d) of the Companies Act 1956, the maintenance of cost records in respect of the Company's business. 9) (a) (I) The Company, is regular in depositing with appropriate authorities, undisputed statutory dues including Provident Fund investor education and protection fund E.S.I. income tax, wealth tax, sales tax custom duty, excise duty, cess and other material statutory dues applicable to it. (II) According to the information and explanations given to us, no undisputed amounts payable in respect of Income Tax, Wealth Tax, Sales Tax, custom Duty, cess and Excise Duty were outstanding as at 31st March 2006 for a period of more than six months from the date they became payable. (b) According to the information and explanations given to us, there are no dues of the income tax, wealth tax, sales tax, custom duty which have not been deposited on account of any dispute. 10) The Company has neither accumulated losses at the end of the financial year nor incurred cash losses during the year and in the immediately preceding year. 11) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to any financial institution or bank. The Company does not have any debenture holders. 12) According to the information and explanations given to us the Company has not granted loan/advance on the basis of security by way of pledge of snares, debentures and other securities, and accordingly, the maintenance of records in this regard is not relevant for the year. 13) The Company is not a chit fund, nidhi or mutual benefit society and accordingly the provisions of para 4(xiii) of the Companies (Auditor Report) Order 2003, are not applicable to the company. 14) The company has maintained proper records for transactions & contracts of trading of shares and timely entries have been made. Shares held are in the name of company. 15) In accordance with the information and explanations given to us, Company has not given any guarantees for loans taken by others from bank of financial institutions. 16) In accordance with the information and explanations given to us, company has taken term loan during the year and this term loan has been applied for the purpose for which it was obtained. 17) According to the information and explanation given to us and on an overall examination of the balance sheet of the Company, we report that no funds raised on short term basis have been used for long term investment. No long term funds have been used to finance short term assets, except permanent working capital. 18) The company has not raised any money by public issue during the year. 19) According to 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 20) The Company did not have any outstanding debentures during the year. 21) During the year the Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Companies Act, 1956. For SATISH SINGLA & CO. (Chartered Accountants) Place: FARIDABAD (SATISH SINGLA) Date : 10.08.2006 M.NO: 80836