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Integra Telecommunication & Software | Auditor's Report > Computers - Software Medium & Small > Auditor's Report from Integra Telecommunication & Software - BSE: 536868, NSE: N.A
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Integra Telecommunication & Software

BSE: 536868|ISIN: INE256F01019|SECTOR: Computers - Software Medium & Small
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Integra Telecommunication & Software is not listed on NSE
Mar 14
Auditor's Report (Integra Telecommunication & Software) Year End : Mar '15
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
Source : Dion Global Solutions Limited
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