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Integra Telecommunication & Software Ltd.

BSE: 536868 | NSE: | Series: NA | ISIN: INE256F01019 | SECTOR: Computers - Software Medium & Small

BSE Live

Oct 28, 16:00
26.30 -1.25 (-4.54%)
Volume
AVERAGE VOLUME
5-Day
450
10-Day
488
30-Day
178
527
  • Prev. Close

    27.55

  • Open Price

    28.90

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    26.30 (1060)

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.)

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Integra Telecommunication & Software is not listed on NSE

Annual Report

For Year :
2015 2014 2013

Auditor's Report

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. Auditor''s Responsibility 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 financial statements. Opinion 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 those books; 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 Act, and. 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 company. 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 any dispute. 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. CHARTERED ACCOUNTANTS Firm Registration No. 015306C Sd/- ( Sarika Prasad ) Proprietor Dated : 19th June, 2015 FCA Place : New Delhi Membership No.: 405313