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J Kumar Infraprojects Ltd.

BSE: 532940 | NSE: JKIL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE576I01022 | SECTOR: Construction & Contracting - Civil

BSE Live

Sep 17, 16:00
194.50 -2.50 (-1.27%)
Volume
AVERAGE VOLUME
5-Day
14,586
10-Day
16,453
30-Day
28,962
22,219
  • Prev. Close

    197.00

  • Open Price

    197.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Sep 17, 15:59
194.20 -2.85 (-1.45%)
Volume
AVERAGE VOLUME
5-Day
195,802
10-Day
204,500
30-Day
326,959
387,842
  • Prev. Close

    197.05

  • Open Price

    197.15

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    194.20 (64)

Annual Report

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

Auditor's Report

Report on Financial Statements We have audited the accompanying financial statements of J. Kumar Infraprojects Limited, (the Company), which comprise the Balance Sheet as at March 31st, 2013, and the Statement of Profit and Loss and Cash Flow Statement for the year ended and a summary of significant accounting policies and other explanatory information. Management''s Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (the Act). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor''s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standard on Auditing generally accepted in India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment 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 control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating 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. 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: a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31M, 2 013; b) In the case of the statement of Profit and Loss, 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. Report on Other Legal and Regulatory Requirements. 1. As required by the Companies (Auditor''s Report) Order, 2003 (the Order) issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order. 2. As required by section 227(3) of the Act, we report that: - 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; - 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; - The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account; - In our opinion, the Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement comply with the Accounting Standards referred to in sub section(3C) of section 211 ofthe Companies Act, 1956; - On the basis of written representations received from the directors as at March 31st, 2013, taken on record by the Board of Directors, none of the directors is disqualified as on March 31st, 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 ofthe Companies Act, 1956. ANNEXURE TO INDEPENDENT AUDITORS* REPORT The Annexure referred to in paragraph 1 under the heading Report on Other Legal and Regulatory Requirements of Our Report of even date On the basis of such checks as we considered appropriate and according to the information and explanation given to us during the course of our audit, we report that: 1. FIXED ASSETS: (a) The company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets on the basis of available information. (b) As explained to us, fixed assets have been physically verified by the management at reasonable Intervals; which in our opinion is reasonable, having regard to size of the company and nature of its assets, no material discrepancies were noticed on such verification. (c) In our opinion and according to the information and explanations given to us, no substantial part of its fixed asset has been disposed off during the year and therefore does not affect the going concern assumption. 2. INVENTORIES: (a) As explained to us, inventories have been physically verified during the year by the management at reasonable intervals. The frequency of the verification is reasonable. (b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business. (c) In our opinion and on the basis of our examination of the records, the Company has maintained proper records of its inventories. No material discrepancy was noticed on physical verification of stocks by the management as compared to book records. 3. LOANSANDADVANCES: (a) According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. Consequently, the provisions of clauses 4 (iii) (b), (iii) (c) and (iii) (d) of the order are not applicable to the Company. (b) According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not taken loans from companies firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. Thus the provisions of clauses 4 (iii) (f) & (iii) (g) are not applicable to the company. 4. INTERNAL CONTROL: In our opinion and according to the information and explanations given to us, there is an adequate internal control procedure commensurate with the size of the company and the nature of its business. During the course of our audit, no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed. 5. TRANSACTION WITH PARTIES UNDER SECTION 301OFTHE COMPANIES ACT, 1956 (a) Based on the audit procedures applied by us and according to the information and explanations provided by the management, the particulars of contracts or arrangements referred to in section 301 of the Act have been entered in the register required to be maintained under that section. (b) As per information and explanations given to us and in our opinion, the transaction entered into by the company with parties covered u/s 301 of the Act does not exceeds five lacs rupees in a financial year therefore requirement of reasonableness of transactions does not arises. 6. DEPOSITS: The Company has not accepted any deposits from the public covered under section 58Aand 58AA of the Companies Act, 1956. 7. INTERNALAUDIT: As per information and explanations given by the management, the Company has an internal audit system commensurate with its size and the nature of its business. 8. COST RECORDS: We have reviewed the cost records maintained by the Company pursuant to the Companies (Cost Accounting Records) Rules, 2011 prescribed by the Central Government under Section 209 (1) (d) of the Companies Act, 1956, and are of the opinion that prima facie the prescribed cost records have been maintained. 9. SECURITYDUES: According to the records, information and explanation provided to us, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues including Employee Provident Fund, Employee State Insurance Scheme, Income tax, sales-tax, Service Tax, Excise duty, Custom duty, Cess and other statutory dues applicable to it and no undisputed amounts payable are outstanding as at March 31s1, 2013 for a period of more than six months from the date when they became payable 10. NET WORT/CASH LOSSES: The Company does not have any accumulated losses and has not incurred cash losses during the financial year covered by the audit and in the immediately preceding financial year. 11. REPAYMENT OF DUES: Based on our audit procedures and on the information and explanations given to us, we are of the opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holders. 12. ADVANCE AGAINST SALES: According to the information and explanations given to us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. CHIT FUND/NIDHI FUND: In our opinion and according to the information and explanations given to us, the Company is not a chit fund / nidhi / mutual benefit fund / society. 14. TRADING IN SHARES, SECURITIES, DEBENTURES AND OTHER INVESTMENTS: According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments. 15. GUARANTEES: According to the information and explanations given to us, the Company has not given any guarantees for loan taken by others from a bank or financial institution. 16. TERM LOAN: According to the information and explanations given to us the Company has applied the term loans applied for the purpose for which the same was obtained. 17. SOURCE AND APPLICATION OF FUNDS: Based on the information and explanations given to us and on an overall examination of the Balance Sheet of the Company as at 31 March, 2013, we report that no funds raised on short-term basis have been used for long-term investment by the Company. 18. PREFERENTIAL ALLOTMENT OF SHARES TO PARTIES COVERED IN THE REGISTERED MAINTAINED UNDER SECTION 301 OF THE COMPANIES ACT, 1956 AND RAISING OF FUNDS THROUGH QUALIFIED INSTITUTIONAL PLACEMENT. Based on the audit procedures performed and the information and explanations given to us by the management, we report that the Company has not made any preferential allotment of shares during the year. 19. MISCELLANEOUS: a) The Company has no outstanding debentures during the period under audit. b) The Company has not raised any money by public issue during the year. c) Based on the audit procedures performed and the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year. For Gupta Saharia and Co. Chartered Accountants Firm Reg. No. 103446W Pawan Gupta Partner Membership No. : 071471 Place: Mumbai Date: 29th May, 2013