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Esha Media Research Ltd.

BSE: 531259 | NSE: | Series: NA | ISIN: INE328F01016 | SECTOR: Printing & Stationery

BSE Live

May 24, 16:01
8.07 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
2,985
10-Day
1,517
30-Day
1,044
9
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    8.07

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    7.69

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  • Offer Price (Qty.)

    8.00 (500)

NSE Live

Dec 27, 11:22
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Volume
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Esha Media Research is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2009 2008 2006

Auditor's Report

Report on the Financial Statement We have audited the accompanying financial statements of ESHA MEDIA RESEARCH LIMITED (the company), which comprise the Balance Sheet as at March 31,2015, and the Statement of Profit and Loss for the year ended, and a summary of significant accounting policies and other explanatory information. Management''s Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (the Act). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor''s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion. Report on Other Legal and Regulatory Requirements 1. 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, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. 2. As required by the section 227(3) of the Act, 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 purposes of our audit; b) 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; c) The balance sheet and profit and loss account dealt with by this report are in agreement with the books of account; d) 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; e) On the basis of written representations received from the directors, as on March 31, 2015 we report that none of the directors are disqualified as on March 31,2015 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956; As required by the Companies (Auditors Report) Order 2003 issued by the Central Government in terms of Section 227 (4A) of the Companies Act 1956, we report on the matters specified in paragraph 4 of the said order to the extent applicable to the company. (i) (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets; (b) These fixed assets have been physically verified by the management at reasonable intervals and in our opinion no material discrepancies were noticed on such verification. (c) The company did not sell or dispose off substantial part of fixed assets during the year. (ii) The Company is a Service Company, primarily rendering data exchange Services. Accordingly it does not hold any Inventories. Thus, paragraph 4(ii) of the Order is not applicable. (iii) (a) The company has granted & has also taken loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained under section 3 01 of the Act. (b) The rate of interest and terms and condition of such loans are prima facie not prejudicial to the interest of the company. (iv) In our opinion and according to the explanations given to us, there are adequate internal control systems commensurate with the size of the company and the nature of its business, for the purchase of fixed assets and for the sale of goods and services. There is no continuing failure to correct major weaknesses in internal control systems. (v) In our opinion and according to information and explanations given to us, there is no such transaction made in pursuance to a contract or arrangement maintained u/s section 301 of The CompaniesAct, 1956. (vi) The company has not accepted any deposits from the public and the provisions of sections 5 8 A and 58AAof the Act and the rules framed there under do not apply. (vii) In our opinion, the company has an adequate internal audit system which commensurate with its size and nature of its business. (viii) The Central Government has not prescribed maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 for the products manufactured and/or services rendered by the company. (ix) (a) According to the information & explanation given to us & on the basis of our examination of the records of the company, amounts deducted/ accrued in the books of accounts in respect of undisputed statutory dues has been deposited with the respective government authorities. However the Company is irregular in depositing the statutory dues on time. (b) According to the information & explanation given to us the following dues of Income Tax, Sales Tax & Service Tax have not been deposited by the Company on account of dispute: Name of Amount Period to which Forum where Name of the Statute the Dues (in Rs.) the Amt Relates dispute is Pending INCOME TAX Demand U/s 81,83,983/- A.Y. 2011-12 CIT (Appeals)- ACT, 1961 143(3) Hyderabad SALES TAX VAT 46,56,878/- A.Y. 1993-94, AP.High Court & 1995-96,1996-97, Sales Tax Appellate 2002-03,2003-04, Tribunal 2004-05 (x) There are accumulated losses as at the end of the financial year and the company has not incurred any cash losses for the year and in the immediately preceding financial year. (xi) The company has not taken any loans from financial institutions or bank and hence this clause does not apply. (xii) The company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. (xiii) The Company is not a chit fund / a nidhi / mutual benefit fund / society. Therefore the provisions of clause 4(xiii) of the Companies (Auditor Report) Order, 2003 are not applicable to this company. (xiv) The company is not dealing or trading in shares, securities, debentures and other investments hence the provision regarding proper records is not applicable to the company. (xv) As informed to us, the company has not given any guarantee for loans taken by others from banks or financial institutions. (xvi) As informed to us, the Company has not taken any term loans during the financial year and hence this clause does not apply. (xvii) 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 were raised on short-term basis and hence this clause does not apply. (xviii) According to the information and explanation given to us, the company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act. (xix) According to the information and explanation given to us, during the period of our audit report the company has not issued any Debentures. (xx) The company has not raised any money by public issues during the current financial year hence no such disclosure is required. (xxi) 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. For, Dhakad & Co. Chartered Accountants Amrit Dhakad (Proprietor) Date : 15/05/2015 Membership No.: 137579 Place : Mumbai