We have audited the accompanying standalone financial statements of
INTEGRA TELECOMMUNICATION & SOFTWARE LIMITED which comprise the balance
sheet as at 31st March 2015, the statement of Profit & Loss account and
cash flow statement for the year ended and a summary of significant
accounting policies and other explanatory information.
Management''s Responsibility for the Standalone Financial Statements
The Company''s Board Of Directors is responsible for the matters states
in section 134(5) of the Companies Act 2013 (the Act) with
respect to the preparation of these standalone financial statements
that give a true and fair view of the financial position, the financial
performance and cash flows of the company in accordance with the
accounting principles generally accepted in India, including the
accounting principles specified under section 133 of the act, read with
rule 7 of the Companies (Accounts) Rules, 2014. This responsibility
also includes the maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding the assets
of the company, and for preventing and detecting the frauds and other
irregularities , selection and application of appropriate accounting
policies, making judgments and estimates that are reasonable and
prudent and design , implementation and maintenance of adequate
internal financial controls , that were operating effectively for
ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from any
material misstatement , whether due to fraud or error.
Our responsibility is to express an opinion on these standalone
financial statements based on our audit. We have taken into account the
provisions of the Act, the accounting policies and auditing standards
and matters which are required to be included in the audit report under
the provisions of the Act and the rules made there under.
We conducted our audit in accordance with the standards on auditing
specified under section 143(10) of the Act. Those standards require to
comply with the ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amount and disclosures in the financial statements. The procedures
selected depend upon the auditor''s judgment, including the assessments
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 financial control relevant to the company''s
preparation of the financial statements that give a true and fair view.
In order to design the audit procedures that are appropriate in the
circumstances but not for the purpose of expressing an opinion on
whether the company has in place an adequate internal financial control
system over financial reporting and the operating effectiveness of such
controls. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of the accounting
estimates made by the company''s directors as well as 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 audit opinion on the standalone
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India,
(1) In the case of the Balance Sheet, of the state of affairs of the
company as at 31st March, 2015;
(2) In the case of Statement of Profit and Loss, Loss of the Company
and its Cash Flows for the year ended on 31st March 2015. Report on
Other Legal and Regulatory Requirements
1. As required by the Companies ( Auditor''s Report) Order 2015( the
order) issued by the Central Government of India in terms of the sub
section (11) of the section 143 of the Act, we give in the annexure a
statement on the matters specified in the paragraph 3 and 4 of the
order, to the extent applicable.
2. As required by section 143(3), we report that:
a. We have sought and 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 accounts as required by the law have
been kept by the company so far as it appears from our examination of
c. The Balance sheet, the statements of profit and loss and the cash
flow statements dealt with by this report are in agreement with the
books of accounts;
d. In our opinion, the aforesaid standalone financial statements comply
with the accounting standards as specified under section 133 of the
Act, read with Rule 7 of the Companies (Accounts) Rules 2014;
e. On the basis of the written representations received from the
directors as on 31st March, 2015 taken on the record by the Board of
Directors , none of the directors is disqualified as on 31st March 2015
for being appointed as the director in terms of section 164(2) of the
f. With respect to the other matters to be included in the auditor''s
report in accordance with Rule 11 of the Companies (Audit and
Auditor''s) Rules 2014, in our opinion and to the best of the
information and according to the explanations given to us, there is no
disclosure requirement by the company and its financial statements.
ANNEXURE TO THE INDEPENDENT ADUITOR''S REPORT OF EVEN DATE OF THE
AUDITOR''S TO THE MEMBERS OF INTEGRA TELECOMMUNICATIONS & SOFTWARE
LIMITED, NEW DELHI FOR THE YEAR ENDED ON 31ST MARCH 2015
The annexure referred to in our independent auditors report to the
members of the company on the standalone financial statements for the
year ended 3151 March 2015, we report that:
i. a. The company has maintained proper records showing full
particulars, including quantities, details and situation of fixed
assets. b. The company has a regular programme of physical
verification of its assets by which the assets of the company are
verified from time to time, in accordance with this programme, certain
fixed assets were verified during the year and no material
discrepancies were noticed on such verification is reasonable having
regard to the size of the company and the nature of its assets.
ii. a. The company is dealing in trading of software and physical
verification of the inventory has been conducted at reasonable
intervals by the management.
b. The procedures of physical verification of inventory is followed by
the management is reasonable and adequate in relation to the size of
the company and 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 not granted any loans secured or unsecured to
any companies, firms or other parties covered in the register
maintained under section 189 of the Companies act 2013(the act)
b. Since the company has not granted any loans secured or unsecured
companies, firms or other parties covered in the register maintained
under section 189 of the Companies Act, 2013(the act) clause iii
(b) of the order is not applicable.
c. Since the company has not granted any loans secured or unsecured
companies, firms and other parties covered in the register maintained
under section 189 of the companies act 2013, (the act) clause
(iii)(c) of the order is not applicable.
iv. In our opinion and according to the information and explanations
given to us, there is an adequate internal control system com-
mensurate with the size of the company and the nature of its business
with regard to purchase of fixed assets and trading of good.
v. The company has not accepted any deposits from the public.
vi. The Central government has not prescribed the maintenance of cost
records under section 148(1) of the act for business done by the
vii. a. According to the information and explanations given to us and
on the basis of the records of the company, amounts deducted/ accrued
in the books accounts in respect of undisputed statutory dues including
provident fund, income tax, sales tax, wealth tax, service tax, duty of
customs, value added tax, cess and other material statutory dues have
been regularly deposited by the company with the appropriate
authorities. As explained to us, the company did not have any dues on
account of employee''s state insurance and excise duty.
According to the information and explanations given to us, no
undisputed amounts payable in respect of provident fund, income tax,
sales tax, wealth tax, service tax, duty of customs, value added tax,
cess and other material statutory dues as at 31st March 2015 for a
period of more than six months from the date they became payable.
b. According to the information and explanations given to us, there are
no material dues of wealth tax, service tax, custom duty and cess which
have not been deposited with the appropriate authorities on account of
c. According to the information given to us there is no amount which is
required to be transferred to the investor education and protection
fund in accordance with the relevant provisions of the companies act
2013 and rules there under.
viii. The company have accumulated losses of Rs. 3060659.78 at the end
of the financial year under review and has not incurred cash losses in
the financial year and preceding financial year.
ix. The company did not have any outstanding dues to financial
institutions, banks or debenture holders during the year.
x. In our opinion and according to the information given to us, the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
xi. The company does not have any terms loans outstanding for the year.
xii. According to the information and explanations given to us, no
material fraud on or by the company has been noticed or reported during
the course of audit.
FOR SARIKA & CO.
Firm Registration No. 015306C
( Sarika Prasad )
Dated : 19th June, 2015 FCA
Place : New Delhi Membership No.: 405313