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Everonn Education Ltd.

BSE: 532876 | NSE: EVERONN | Series: NA | ISIN: INE678H01010 | SECTOR: Computers - Software - Training

BSE Live

Nov 03, 15:51
12.25 0.00 (0.00%)
Volume
No Data Available
306,223
  • Prev. Close

    12.25

  • Open Price

    12.95

  • Bid Price (Qty.)

    12.25 (280)

  • Offer Price (Qty.)

    12.25 (2668)

Everonn Education is not traded on BSE in the last 30 days

NSE Live

Nov 03, 15:57
12.15 0.00 (0.00%)
Volume
No Data Available
769,754
  • Prev. Close

    12.15

  • Open Price

    12.25

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    12.15 (39)

Everonn Education is not traded on NSE in the last 30 days

Annual Report

For Year :
2015 2013 2012 2011 2010 2009 2008 2007

Auditor's Report

1. We have audited the attached Balance Sheet of M/s. Everonn Education Limited as at 31st March 2010 and the Profit and Loss Account and also the Cash flow Statement for the year ended on that date annexed hereto. 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 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 (Auditors Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) 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. 4 Further to our comments in the annexure referred to 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, proper books of account as required by law have been kept by the company, so far as it appears from our examination of those books. c) The Balance Sheet, Profit and Loss account and Cash flow statement referred to in this report are in agreement with the books of account. d) In our opinion, the Balance Sheet, Profit and Loss account and Cash flow statement dealt with by this report comply with the Accounting Standards prescribed by the Institute of Chartered Accountants of India and referred to in sub-section (3C) of Section 211 of the Companies Act, 1956. e) On the basis of the written representations received from directors as on 31.03.2010 and taken on record by the Board of 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) 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 Accounting policies and the notes there on 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 2010. ii) ii) in the case of Profit and Loss account, of the profit for the year ended on that date, and iii) in the case of Cash flow statement of the cash flows for the year ended on that date. ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE 1. The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. 2. Fixed Assets have been physically verified by the Management during the year and there is regular programme of verification which, in our opinion, is reasonable having regard to the size of the company and nature of its assets. As reported to us no material discrepancies have been noticed on such verification. 3. Substantial part of the Fixed Assets have not been sold during the year under review affecting going concern. 4. The companys inventories are inspected periodically by the Companys Management. 5. The procedures of physical verification of inventory followed by management are reasonable and adequate in relation to the size of the Company and the nature of its business. 6. The company has maintained proper records of Inventory. The discrepancies noticed on verification between the Physical stocks and the book records were not material and have been properly dealt with in the books of account. 7. The Company has granted, secured or unsecured loans to six companies, firms or other parties covered in the register maintained under section 301 of the Act. Act amounting to Rs. 748.47 Lakhs and the terms and conditions of loans taken by the company, unsecured, are prima facie not prejudicial to the interest of the company 8. The company has not taken interest free unsecured loans from any company, firms or other parties covered in the register maintained under section 301 of the Act . 9. 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 the nature of its business with regard to purchases of Inventory, fixed assets and with regard to rendering services. No major weaknesses in internal controls were observed. 10. According to the information and explanations given to us, and based on our verification, we are of the opinion that there are no transactions that were required to be entered in the register maintained under section 301 of the companies Act 1956. 11. In our opinion and according to the information and explanations given to us, there are no transactions made in pursuance of contracts or arrangements entered in the register maintained under section 301 of the companies Act 1956 and exceeding the value of Rupees five lakhs in respect of any party during the year. 12. The company has not accepted any deposits from the public during the year requiring the compliance of provisions of Section 58A and Section 58AA or any other relevant provisions of the companies act 1956. 13. In our opinion the company has an Internal Audit system commensurate with the size and nature of its business. 14. The Central Government has not prescribed the Maintenance of cost records under Section 209 (1) (d) of the Companies Act,1956 for any of the products of the company. 15. As per the information and explanations made available to us and also based on the records made available to us, in our opinion the Company is regular in depositing the undisputed statutory dues including ESI, Income Tax, Sales Tax, Fringe Benefit Tax, Service Tax and other statutory dues, excepting Provident Fund in few cases there were delays in remittance. There are no outstanding dues in respect of the above items which are more than six months as at the balance sheet date. 16. According to the information and explanations given to us, there are no dues of sales tax, income tax, customs duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute. 17. The company has not incurred cash losses during the year covered by our audit and also during the immediately preceding financial year. 18. As per the information and explanations made available to us the company has not defaulted in repayment of dues to any financial institutions, bank or debenture holder. 19. The company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 20. The company is not a chit fund or a nidhi / mutual benefit fund / society and therefore, the provisions of clause 4(xiii) of the Companies (Auditors Report) Order, 2003 are not applicable to the company. 21. In our opinion, the company is not dealing in or trading in shares, securities, debentures and other investments and therefore, the provisions of clause 4(xiv) of the Companies (Auditors Report) Order, 2003 are not applicable to the Company. 22. In our opinion and according to the information and explanations given to us, the company has given guarantee for loans taken by others from Banks and Financial Institutions. 23. In our opinion, the term loans have been applied for the purpose for which they were raised. 24. According to the information and explanations 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. 25. The Company has not made preferential allotment of shares to parties and companies . For M/s P.CHANDRASEKAR Chartered Accountants Place : Chennai P.CHANDRASEKARAN Date : May 19, 2010 Partner M.No.26037