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Jyotirgamya Enterprises | Auditor's Report > Trading > Auditor's Report from Jyotirgamya Enterprises - BSE: 539246, NSE: N.A
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Jyotirgamya Enterprises

BSE: 539246|ISIN: INE805R01018|SECTOR: Trading
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Jyotirgamya Enterprises is not listed on NSE
Auditor's Report (Jyotirgamya Enterprises) Year End : Mar '12
1. We have audited the attached Balance Sheet of M/S Jyotirgamya
 Enterprises Limited, as at 31st March, 2012 and also Profit and Loss
 Account for the year ended on that date annexed thereto. These
 financial statements are the responsibility of the Company''s
 management. Our responsibility is to express an opinion on these
 financial statements based on our audit.
 
 2. We conducted our audit in accordance with 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 management, as well as evaluating the overall financial statement
 presentation. We believe that our audit provides reasonable basis for
 our opinion.
 
 3. As required by the Companies (Auditor''s Report) Order, 2003 issued by
 the Central Government of India in terms of Section 227 (4A) of the
 Companies Act, 1956 we enclose in the annexure a statement on the
 matters specified in the paragraph 4 and 5 of the said order
 
 4. Further to our comments in the Annexure referred to above, we report
 that:-
 
 (a) We have obtained all the information and explanations, which to the
 best of our knowledge and belief were neeessary for the purpose of our
 audit;
 
 (b) 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;
 
 (c) The Balance Sheet and Profit and Loss Account dealt with by this
 report are in agreement with the books of account;
 
 (d) In our opinion, the Balance Sheet and Profit and Loss Account dealt
 with by this report comply with the Accounting Standards referred to in
 Section 211 (3C) of the Companies Act, 1956;
 
 (e) On the basis of written representations received from the
 Directors, as on March 31, 2012 and taken on record by the Board of
 Directors, we report that none of the Directors is disqualified as on
 March 31, 2012 from being appointed as a Director in terms of Section
 274 (1) (9) of the Companies Act, 1956;
 
 (f) in our opinion and to the best of our information and according to
 the explanations given to us, the said accounts read with the notes,
 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;
 
 (i) In the case of the Balance Sheet, of the state of affairs of the
 Company as at March 31,2012
 
 (ii) In the case of the Profit and Loss Account, of the Profit for the
 year ended on that date.
 
 (Hi) in case of Cash Flow Statement, for the year ended on that date.
 
 ANNEXURE TO THE AUDITORS'' REPORT
 
 Re. JYOTIRGAMYA ENTERPRISES LIMITED
 
 1 a) The company has no fixed Assets hence maintenance of records
 showing full particulars including quantitative details and situation
 of fixed assets is not applicable on the company.
 
 b) The Clause is not applicable on the company.
 
 c) The Clause is not applicable on the company.
 
 2.  (a) As explained to us, the Inventories has been physical verified
 during the year by management. In our opinion, the frequency of
 verification is reasonable.
 
 (b) ln our opinion and according to the information and explanation
 given to us, the procedure of physical verification of inventories
 followed by the management is reasonable and adequate in relation to
 the size of the Company and the nature of its Business.
 
 (c) As far as we could ascertain and according to the information and
 explanation given to us, no discrepancies noticed on verification
 between the physical stocks and the book records or if found were not
 material.
 
 3.  In our opinion and according to the explanations given to us, the
 Company has not granted or taken unsecured loan to or form the
 Companies, Firms or other parties covered in the register maintained
 under section 301 of the Companies Act, 1956, terms of which are not
 prejudicial to the interest of the company.
 
 4.  In our opinion and according to the explanations given to us, there
 is adequate internal control system commensurate with the size of the
 company and nature of its Business with regard to purchase of stores,
 raw materials including components, plant and machinery, equipment and
 other assets, and for sale of goods.
 
 5.  (a) According to the information and explanations given to us, we
 are of opinion that the particulars of contracts or arrangements that
 need to be entered into a register in pursuance of section 301 of the
 Companies Act 1956, have been so entered.
 
 (b) 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 values of rupees five lakhs in respect of t\any party
 during the year have been made at prices which are reasonable having
 regards to prevailing market or at prices at which the company had
 already entered into the contract with the parties relevant at that.
 
 6. in our opinion and accounding to the explanations given to us, the
 company has not accepted any deposits from the public and consequently,
 the directives issused by the Reserve Bank of lndia, the provisions of
 section 58A, framed thereunder are not applicable to the Company.
 
 7 in our opinion, the Company has its own Internal Audit System
 commensurate with the size and nature of its Business.
 
 8.According to the information and explanations given to us, The central
 Govt. has not prescribed for maintence of cost records under section
 209 (1) (d) of the Companies Act, 1956, in respect of business carried
 out by the Company. Therefore, Provisions of clause 4 (vii.) of the
 Order are not applicable to the Company.
 
 9.(a) According to the records of the Company, the Company is rgular in
 depositing with apporpriate authorties undisputed Statutory dues
 inculding Provident Fund, Investor  Education Protection Fund, Employees
 State Insurance, Income Tax, excise duty and cess (except Sales Tax)
 which have not been deposited on account of any dispute.
 
 (b) According to the information and explanation given to us, there no
 dues of income tax, custom duty, wealth tax, excise duty and cess
 (except Sales Tax) which have not been deposited on account of any
 dispute.
 
 10. The Company has accumulated losses but it is not exceeding more than
 50% of the Net Worth. However the Company incurred cash losses in
 current and previous Financial Year.
 
 11.  In our opinion and according to the information and explations
 given to us the Company has not defaulted in repayment of dues to
 Institutions, Bank or debenture holders.
 
 12 In our opinion and according to the information and explanations
 given to us the company has not granted any loans and advance on the
 basis security by way of pledge of shares, debentures and other
 securities.
 
 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 In our opinion, the Company is not dealing in or trading in shares,
 securities, debentures and other investments and proper record have
 been maintained for securities transactions.
 
 15. in our opinion and according to the information & explanation given
 to us, the company has not given any guarantee for loans taken by other
 from banks or financial institutions.
 
 16.The Company has not taken any term loan during the year therefore the
 question of its application for the purpose for which they were raised
 does not arise.
 
 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 no funds raised on short-term basis have been used for long-term
 investment.
 
 18. According to the information and explanations given to us, the
 company has not made any preferential allotment of shares during the
 year to parties and Companies Covered in the register maintained under
 section 301 of the companies Act, 1956.
 
 19. According to the information and explanations given to us the
 Company has not issued any debentures. Therefore, the provisions of
 clause 4(x,x) Of the Order are not applicable to the company.
 
 20 The Company has not made any Public issue during the year according
 the provisions of clause 4(xx) of the order not applicable to the
 company.
 
 21. According to the information and explanations given to us, based
 upon the audit procedures performed and representation made by the
 management, we report that no fraud on or by the company has been
 noticed or reported during the course of our audit.
 
                                          For Braj Kishor Aggarwal & Co.
                                          (CHARTERED ACCOUNTANTS)
 
 Date:-01.09.2012
 Place: New Delhi                         (CA Ganesh Kumar)
                                           Partner
                                           Mem. No. 095027
                                           Firm Regn. No. 014611N
 
 
Source : Dion Global Solutions Limited
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