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Intense Technologies Ltd.

BSE: 532326 | NSE: INTENTECH |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE781A01025 | SECTOR: Computers - Software Medium & Small

BSE Live

Oct 25, 16:00
66.10 -0.85 (-1.27%)
Volume
AVERAGE VOLUME
5-Day
14,397
10-Day
17,893
30-Day
11,985
7,649
  • Prev. Close

    66.95

  • Open Price

    68.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 25, 15:42
66.20 -0.85 (-1.27%)
Volume
AVERAGE VOLUME
5-Day
81,964
10-Day
113,372
30-Day
74,168
27,737
  • Prev. Close

    67.05

  • Open Price

    66.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    66.20 (122)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

1. We have audited the attached Balance Sheet of Intense Technologies Limited (the Company) as at March 31, 2009 and also the Profit and Loss Account and the Cash Flow Statement 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. 2. We have conducted our audit in accordance with the auditing standards generally accepted in India. Those 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 statements. An audit also includes assessing the accounting principles used and significant estimates made by the 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 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, 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 the written representations received from the Directors, as on March 31, 2009, and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on March 31, 2009 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 give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India; a) in the case of the balance sheet, of the state of affairs of the Company as at March 31, 2009, 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. Annexure to Auditors Report (Referred to in paragraph 3 of our Report of even date on the accounts of Intense Technologies Limited for the year ended 31st March, 2009) On the basis of such checks as considered appropriate and in terms of the information and explanations given to us, we further report as under: (1) (a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) All the assets have been physically verified by the management in accordance with a phased programme of verification, which in our opinion is reasonable, having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification. (c) As per the information and explanations given to us, during the year, the Company has not disposed off any substantial part of the fixed assets that would affect the going concern status of the company. (2) As explained to us, the Company does not hold inventories, hence the provisions of clauses 4 (A) (iii),(iv),(v) and (vi) of the Companies (Auditors) Report Order, 2003 is not applicable to the Company. (3) (a) As per the information and records made available, the Company has granted unsecured loans to (1) Company listed in the register maintained under section 301 of the Companies Act,1956. The maximum amount involved during the year was Rs. 1,32,440/- and the balance outstanding at the close of the year is Rs. 1,32,440/-. (b) As per the information and records made available, the rate of interest and other terms and conditions granted by the company are prima facie not pre-judicial to the interest of the Company. (c) & (d) The repayment of the above loans, including interest was since made. (e) The Company has not taken any loan from any parties covered in the register maintained under section 301 of the Companies Act, 1956 during the year. The provisions of clause (iii) (f), and (g) of the Companies (Auditors) Report Order, 2003 is not applicable to the Company. (4) 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 regards to purchases of fixed assets and with regard to the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in the internal controls. (5) (a) According to the information and explanations given to us, we are of the opinion that the transactions that need to be entered into the register maintained under section 301 of the Companies Act,1956 have been so entered. (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contract or arrangements entered in the register maintained under section 301 of the Companies Act, 1956 and exceeding the value of rupees five lakhs in respect of any party during the year have been made at prices which are reasonable having regard to prevailing market prices at the relevant time. (6) The company has not accepted deposits from public and hence directives issued by the Reserve Bank of India and the provisions of sections 58A and 58AA of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975 are not applicable for the year under audit. (7) The Company has no outside internal audit system commensurate with its size and nature of its business. (8) The Central Government has not prescribed the maintenance of cost records by this Company under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956. (9) (a) According to the records of the Company, the Company has been regular in depositing, with appropriate authorities undisputed statutory dues including Provident Fund, Employees State Insurance, Income Tax , Wealth Tax, and other material statutory dues applicable to it. (b) According to the information and explanations given to us, no undisputed amounts payable in respect of such statutory dues were outstanding as at 31st March, 2009 for a period of more than six months form the date they became payable. (c) According to the information and explanations given to us, there are no such statutory dues, which have not been deposited on account of any dispute. (10)The accumulated losses of the company are not more than fifty percent of its net worth and the Company has not incurred any cash losses during the financial year covered by our audit and incurred a cash loss of Rs.759.48 lakhs in the immediately preceding financial year. (11) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to financial institutions, banks or debenture holders. (12)The Company has maintained adequate documents and records in cases where the Company has granted loans and advances on the basis of security by way of pledge of shares. (13) In our opinion, the company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditors Report) Order, 2003 are not applicable to the company. (14)As per the records maintained, the company does not deal or trade In shares, securities, debentures and other investments. (15) In our opinion and according to the information and explanations given to us by the management, the company has not given any guarantees for loans taken by others from banks or financial institutions. (16)The Company has not raised any term loans during the year. (17)According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that the funds raised on short-term basis have not been used for long-term investment. No long- term funds have been used to finance short- term assets except permanent working capital. (18)The Company has not issued or allotted any preferential shares during the year and hence clause (XVIII) of the Companies (Auditors) Report Order, 2003 is not applicable to the company. (19)The Company has not issued any debentures and hence clause (XIX) of the Companies (Auditors) Report Order, 2003 is not applicable to the Company. (20)During the year covered by our report the Company has not raised any money by way of public issue. (21)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. ForSRINIVAS P. & ASSOCIATES Chartered Accountants Place: Hyderabad P.SRINIVAS Date: 25th August 2009 Proprietor Membership No.204098