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Gradiente Infotainment Ltd.

BSE: 590126 | NSE: | Series: NA | ISIN: INE361K01017 | SECTOR: IT Services & Consulting

BSE Live

Oct 29, 16:00
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    1.10

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    1.05

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    1.05 (425)

  • Offer Price (Qty.)

    1.10 (336)

Gradiente Infotainment is not traded on BSE in the last 30 days

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
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Gradiente Infotainment is not listed on NSE

Annual Report

For Year :
2015 2012 2011 2010 2009 2007 2004

Auditor's Report

To the Members of gradiente Infotainment Limited 1. We have audited the attached Balance Sheet of gradiente Infotainment Limited as at 31st March, 2004 the Profit and Loss Account and also the Cash Flow Statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statement based on our audit. 2. We conducted our audit in accordance with the auditing standards generally accepted in India. These 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 statement. 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 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. 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 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 by this report are in agreement with the books of account: iv) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in Compliance 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, as on 31st March, 2004 and taken on record by the Board of Directors, we report that none of the Directors are disqualified as on 31st March 2004 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 together with the notes thereon give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in confirmity with the accounting principles generally accepted in India. (a) In the case of Balance Sheet, of the state of affairs of the Company as at 31st March, 2004. (b) In the case of the Profit and Loss Account, of the Profit for the year ended on that date and (c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date. Date: 23-08-2004 U. SRINIVASA MURTHY Place: Hyderabad CHARTERED ACCOUNTANT ANNEXURE TO THE AUDITORS REPORT Re: GRADIENTE INFOTAINMENT LIMITED Referred to in Paragraph 3 of our report of even date (i) (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) As explained to us, the fixed assets of the Company have been physically verified during the year by the management, which in our opinion, is reasonable, considering the size and the nature of its business. The frequency of verification is reasonable and no material discrepancies have been noticed on such physical verification. (c) There is no substantial disposal of fixed assets during the year. (ii) (a) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable; (b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business: (c) The company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification. (iii) (a) The company has neither granted nor taken any loans to and from companies, firms or other parties covered in the Register maintained u/s 301 of the Company. (b) In our opinion, the rate of interest and other terms and conditions of loans given by the company, are not prima facie prejudicial to the interest of the Company. (c) In respect of loans given by the Company, where stipulations have been made, they have generally repaid the principal amounts as stipulated and have been regular in payment of interest, wherever applicable. (d) In respect of loans given by the Company there are no overdue amounts more than Rs. 1,00,000/-. (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 the nature of its business with regard to purchase of inventory, fixed assets and with regard to the publications, advertisement and print media. (v) (a) According to the information and explanations given to us, we are of the opinion that the transactions made in pursuance of contracts or arrangement, that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been recorded in the register. (b) In our opinion and according to the information and explanations given to us, each of these transactions have been made at prices which are reasonable have ing regard to the prevailing market prices at the relevant time. (vi) The Company has not accepted any deposits from the public, attracting the provisions of Section 58A and 58AA of the Companies Act, 1956, and the rules framed thereunder. (vii) In our opinion, the Company has an Internal Audit Systems commensurate with the size an the nature of its business. (viii) In our opinion, the Company is not required to maintain the cost accounts and records prescribed by the Central Government under Section 209(1)(d) of the companies Act, 1956. (ix) a. The Company is regular in depositing undisputed statutory dues, including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Customs duty, Excise duty, cess and other statutory dues with the appropriate authorities. According to the information and explanations given to us, there no undisputed amounts payable in respect of such statutory dues were in arrears as at 31 st March, 2004 for a period more than six months from the date they became payable : b. According to the information & explanations given to us, there are no dues of Sales Tax, Income Tax, Customs Duty, Wealth Tax, Excise Duty and Cess which have been deposited on account of any dispute. (x) In our opinion, the accumulated losses of the company are not more than fifty percent of its net worth. The company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. (xi) In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to a financial institution, bank or debenture holders. (xii) The Company is not a chit fund or a advances on the basis of security by way of pledge of shares, debentures holders. (xiii) The Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the companies (Auditor's Report) Order, 2003 is not applicable to the company. (xiv) The Company is not dealing or trading in shares, securities, debentures or other investments. Therefore the provision of clause 4(xiv) of the companies (Auditors Report) order 2003 is not applicable to the company. (xv) According to the information and explanations given to us, the company has not given any guarantee for loans taken by others from Banks and Financial Institutions. (xvi) The company has not taken any term loans. (xvii) 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 and vice versa. (xviii) 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) The company has not issued any Debentures during the year. (xx) The Company has not raised any money by way of Public Issues during the year. (xxi) According to the information and explanations given to us, no fraud, on or by the company, has been noticed or reported during the course of our audit. Date: 23-08-2004 U. SRINIVASA MURTHY Place: Hyderabad CHARTERED ACCOUNTANT