you are here:

Greencrest Financial Services Ltd.

BSE: 531737 | NSE: | Series: NA | ISIN: INE414C01029 | SECTOR: Finance - Investments

BSE Live

Oct 21, 16:00
5.50 -0.11 (-1.96%)
Volume
AVERAGE VOLUME
5-Day
21,908
10-Day
19,596
30-Day
23,661
16,130
  • Prev. Close

    5.61

  • Open Price

    5.61

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    5.50 (1343)

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)

Greencrest Financial Services is not listed on NSE

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Auditor's Report

We have audited the attached Balance Sheet of M/s. MARIGOLD GLASS INDUSTRIES LTD. as at 31st March, 2007 and also the Profit & Loss Account for the year ended on that date annexed thereto. 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 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 resonable 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 reason- able basis for our opinion. 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 Atmexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. Further to our comments in the Annexure referred to above, we report mat: (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 account as required by law have been kept by the Company so far as appears from our examination of those books; (iii) The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of account, (iv) In our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report comply with the Accounting standards referred to in section 211(3C) of the Companies Act, 1956; (v) On the basis of written representations received from the directors, as on 31st March,2007 and taken on record by the Board of Directors, we report that none of the directors of the Company is disqualified as on 31st March, 2007 from being appointed as a director under section 274(l)(g) 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 give the information required by the Companies Act, 1956, in the manner so re- quired and give a true and fair view in conformity with the accounting principles generally acce- pted in India: i) in the case of the Balamce Sheet, of Hie state of affairs of the Company as at 31st March, 2007; and ii) in the case of the Profit & Loss Account, of the loss of the Company for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT a) The Company has not any fixed assets but there is Capital work in progress amounting to Rs. 2,632,368/-. b) The stock of Inventory (stock in trade ) has been physically verified during the year by the Management at reasonable intervals. In our opinion the procedure of Physical Verification of Inventory followed by the Management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company is maintaining proper records of inventory. No discrepancy was noticed on Physical Verification of Stock as compared to Book records. c) The Company has neither granted nor taken any loan, secured or unsecured, to/from the Companies, firms or other parties covered in the Register maintained U/s. 301 of the Companies Act, 1956. d) In our opinion there is adequate internal control system commensurate with the size of me Company and the nature of its business, for the purchase of Inventory & Fixed Asset and for the sale of goods/ services. e) As per records examined and information provided to us, there was no such contract or arrangement as referred to in section 301 of the Act that need to be entered into the Register maintained under that section. f) The Company has not accepted any deposit from the Public. g) In our opinion the Company has an Internal Audit System commensurate with its size and the nature of its business. h) Maintenance of cost records by the class of this Company is not required U/s. 209(lXd) of the Act. i) The Company is regular in depositing undisputed Statutory dues including Provident Fund, Investors Education and protection Fund, EmployeesState Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax,Custom Duty, Excise Duty, CESS and any other statutory dues with the Appropriate Autho- rity, as far as applicable, except an arrear demand of Rs. 5,181/-from Income Tax Department for the Asst. year 2002-03. j) The Company has incurred cash losses during the financial year and in the immediately Preceeding financial year. However, accumulated losses at the end of the Financial Year are less than 50% of its net worth. k) The Company had no dues to any Financial Institution or Bank or Debenture Holder. 1) The Company has not granted any loan or advance on the basis of security by way of pledge of shares, debentures or other securities. m) The Company is not a Chit Fund, Nidhi or Mutual Benefit Fund/ Society. n) In respect of shares, securities, debentures and other investments, the Company has maintained proper records of the transactions and contracts and timely entries have been made therein. Those shares, securities, debentures and other investments are held in the name of the Company as far as applicable. o) The Company has not given any guarantee for loans taken by others from Bank or Financial Institutions. p) The Company has not obtained any term loan during the year. q) No Fund raised on short term basis was used for long term investment. r) The Company has not made any Allotment of Shares during the year. s) The Company has not issued any debenture. t) No Public issue was made by the Company during the year. u) During the checks carried outbyua no fraud on or by the Company was noticed or reported during the year under Report. Place : Kolkata. For D. K. TEKRIWAL & CO. CHARTERED ACCOUNTANTS Date : 31st August,2007. (D. K. TEKRIWAL) PROPRIETOR M. No.53344