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Constronics Infra Ltd.

BSE: 523844 | NSE: | Series: NA | ISIN: INE537B01011 | SECTOR: Hospitals & Medical Services

BSE Live

Oct 18, 15:40
8.40 0.00 (0.00%)
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3,666
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2,898
30-Day
1,854
200
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  • Bid Price (Qty.)

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    8.74 (5)

NSE Live

Dec 27, 11:22
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Constronics Infra Limited is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2009 2008 2007 2006

Auditor's Report

1. We have audited the attached Balance Sheet of INVICTA MEDITEK LIMITED as at 31ST March 2011 and also the Profit and Loss Account and Cash Flow Statement for the year ended on that date annexed thereto which we have signed under reference to this report. 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 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 misstatements. 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. Attention is invited to the following: We draw attention to Note No. B 2 of Schedule 9 in the financial statements. Pursuant to the sale agreement, all the assets were transferred to TTK Healthcare Ltd 4. As required by the Companies (Auditor''s Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 and on the basis of such checks of the books and records of the company as we considered appropriate and according to the information and explanations given to us, we give in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order. 5. Further to our comments in the Annexure referred to in paragraph 3 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 purpose of our audit. (b) In our opinion, the company has kept proper books of accounts as required by law, so far as appears from our examination of those books. (c) The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of account. (d) In our opinion, the Balance Sheet and Profit & Loss Account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act 1956 to the extent applicable. (e) On the basis of written representations received from the Directors, we report that none of the Directors is disqualified as on 31st March 2010 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. (f) The company has not levied or collected any cess for the purpose of rehabilitation or revival or protection of assets of the sick industrial companies on its annual turnover and has not paid to the credit of the central government the said levy as required u/s 441A of the companies Act as the same has not been notified by the central government. (g) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with notes thereon and attached thereto 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: i) In the case of balance sheet, of the state of affairs of the company as at 31st March 2011; ii) In the case of the Profit & Loss Account, of the LOSS for the year ended on that date; iii) In the case of Cash Flow Statement, of the cash flow for the year ended on that date. ANNEXURE REFERRED TO IN PARAGRAPH 3 OF THE AUDITOR''S REPORT ON THE ACCOUNTS OF INVICTA MEDI TEK LIMITED FOR THE YEAR ENDING 31st March 2011 As required by the Companies (Auditor''s Report) Order, 2003 issued by the Central Government of India in terms of section 227 (4-A) of the Companies Act, 1956, we report that: (i) The company does not hold any Fixed Assets as it was sold fully in the year 2009 - 2010. So this clause does not apply to the Company. (ii) The Company does not hold any inventory . The Inventory has been sold out in the previous years and there were no operations during the current year. (iii) The Company has not taken interest free loan from the parties covered in the register maintained under Section 301 of the Companies Act. (iv) 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 nature of its business with regard to purchase of inventory and fixed assets and with regard to the sale of goods. During the course of audit, no major weakness has been noticed in the internal control. (v) (a) In our opinion and according to the information and explanation given to us, the transactions made in pursuance of contracts or arrangements, if any, that needed to be entered into in the register maintained under section 301 of the Companies Act, 1956 have been so entered. (b) In our opinion and explanation given to us, the transactions made in pursuance of contracts or arrangements entered in the register maintained u/s 301 of the Companies Act, 1956 have been made at prices which are reasonable having regard to prevailing market prices at the relevant time where such market prices are available. (vi) In our opinion and according to the information and explanations given to us, the Company has not accepted deposits from the public and therefore, the provisions of Section 58A and 58AA of the Companies Act, 1956 and Rules there under are not applicable to the Company. (vii) The Central Government has not prescribed maintenance of Cost records under Section 209 (1) (d) of the Companies Act, 1956. (viii) According to the information and explanations given to us, the company was regular in depositing dues in respect of Employees Provident Fund, Employees State Insurance Fund, Income Tax , Wealth Tax, Investor Education and Protection Fund, Value Added Tax, Customs Duty with the appropriate authority during the year. (ix) The Company has accumulated losses more than 50% of its net worth and has incurred cash losses during the year and the preceding year. (x) According to the records produced, the Company has not defaulted in repayments of its dues to any financial institutions, banks during the year. (xi) In our opinion and according to information and explanation given to us, no loans and advances have been granted by the company on the basis of security by way of pledge of shares, debentures and other security. (xii) The Provision of any Special Statute applicable to Chit Fund, Nidhi or Mutual Benefit Fund/Societies is not applicable to the Company. (xiii) The company is not a dealer in shares, securities, debentures and other investments. (xiv) As per the information and explanation given to us by the management, the company has not given any guarantee for loans taken by others from banks or Financial Institutions. (xv) The company has not taken any loans from the banks , hence this clause is not applicable. (xvi) On the basis of review of utilization of funds on an overall basis, in our opinion, the funds raised on short term basis have not been used for long term investments or vice versa during the year. (xvii) The company has not made any preferential allotment of shares to parties and companies covered under register maintained under Section 301 of the Companies Act, 1956, during the year. (xviii) No debentures have been issued during the year. (xix) The Company has not raised money by way of public issues during the year and hence the question of disclosure and verification of end use of such money does not arise. (xx) To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the Company was noticed or reported during the year. For P.B. VIJAYARAGHAVAN & CO., Chartered Accountants Firm Reg. No. 004721S -Sd- P.B. SRINIVASAN PARTNER Membership No. 203774 Date : - 05.09.2011 Place: - Chennai