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Kalpataru Power Transmission Ltd.

BSE: 522287 | NSE: KALPATPOWR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE220B01022 | SECTOR: Power - Transmission & Equipment

BSE Live

Jul 14, 16:00
256.30 -4.10 (-1.57%)
Volume
AVERAGE VOLUME
5-Day
35,811
10-Day
44,000
30-Day
32,439
14,832
  • Prev. Close

    260.40

  • Open Price

    260.25

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jul 14, 15:54
257.20 -3.40 (-1.30%)
Volume
AVERAGE VOLUME
5-Day
707,432
10-Day
839,302
30-Day
671,352
407,877
  • Prev. Close

    260.60

  • Open Price

    260.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    257.20 (1219)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Auditor's Report

1. We have audited the attached Balance Sheet of the KALPATARU POWER TRANSMISSION LIMITED as at 31st March, 2007 and also the Profit & Loss Account and cash flow statement 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 a 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 Act and on the basis of such checks as we considered appropriate, and according to the information and explanations given to us, we give in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said Order. 4. Further to our comments, in the Annexure referred to in paragraph 3 above, we report that : a) 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. 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 such books. c) The Balance Sheet and Profit & Loss Account and cash flow statement 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 and cash flow statement dealt with by this report comply with the Accounting Standards referred to in sub section (3C) of section 211 of the Companies Act, 1956. e) On the basis of written representation received from directors and taken on record by the board of directors, in the board meeting, none of the directors of the company is disqualified from being appointed as a director under clause (g) of Sub section (1) of section 274 of the Companies Act, 1956. 5. In our opinion and to the best of our information and according to the explanations given to us, the accounts read with the notes thereon, and subject to third party confirmations, give the information required by the Companies Act, 1956 in the manner so required and give a true & fair view in conformity with accounting principles generally accepted in India:- a) In the case of the Balance Sheet, of the state of affairs of the company as at 31st March, 2007; b) In the case of Profit & Loss Account, of the profit of the company for the year ended on that date; and c) In the case of cash flow statement, of the cash flows for the year ended on that date. For KISHAN M. MEHTA & CO., Chartered Accountants (K.M. MEHTA) Partner AHMEDABAD : 21st May, 2007 Annexure Reg: KALPATARU POWER TRANSMISSION LIMITED (referred to in paragraph 3 of our report of even date) (i) (a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets;. (b) As explained to us, the assets have been physically verified by the management in accordance with a phased programme of verification of its fixed assets adopted by the company which in our opinion, is reasonable, considering the size and the nature of its business. The frequency of verification is reasonable and no material discrepancies have been noticed on such physical verification. (c) During the year, the Company has not disposed off any substantial part of fixed assets. (ii) (a) The inventory has been physically verified by the management during the year at reasonable intervals. In our opinion, the frequency of verification is reasonable. (b) In our opinion and according to the information and explanations given to us, procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (c) The Company is maintaining proper records of inventory. In our opinion, discrepancies noticed on physical verification of stocks have been properly dealt with in the books of accounts. (iii) (a) The Company has not granted loans to companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Therefore, the provisions of sub-clause (a), (b), (c) and (d) of clause 4 (iii) are not applicable to the Company. (b) The Company has not taken any loans, secured or unsecured, from companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. Therefore, the provisions of sub-clause (e), (f) and (g) of clause 4 (iii) of the Order are not applicable to the Company. (iv) 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 for the purchases of inventory and fixed assets and for sale of goods and services. During the course of our audit, no major weaknesses has been noticed in the internal controls in respect of these areas. (v) (a) Based on the audit procedures applied by us and according to the information and explanations provided by the management, we are of the opinion that the particulars of contracts or arrangement that need to be entered into the Register maintained under 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 contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 have been made at the prices which are reasonable having regard to the prevailing market prices at the relevant time. (vi) The company has not accepted any deposits during the year from public within the meaning of the provisions of Section 58A and 58AA or any relevant provisions of the Companies Act, 1956 and rules made thereafter. (vii) In our opinion, the company has an internal audit system commensurate with the size and nature of its business. (viii) We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained by the company in respect of electric generation pursuant to the rules made by the Central Government for the maintenance of cost records under Section 209(1)(d) of the companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. (ix) (a) According to the information and explanations given to us and the records examined by us, except Municipal tax, Sales-tax, VAT & TAP-Algeria, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, Investor education and protection fund, employees' state insurance, income-tax, sales tax, wealth tax, service tax, custom duty, excise duty, cess and other material statutory dues applicable to it Outstanding as at 31st March, 2007 for a period of more than six months from the date they became payable is Rs. 1,657,081/- of Municipal tax, Rs.51,752/- of VAT and Rs.7,71,031/- of TAP, Algeria. (b) According to the information and explanations given to us, there are no dues of income tax, sales tax, wealth tax, service tax, custom duty, excise duty and cess which have not been deposited on account of any dispute except the followings:- Nature of Dues Year Amount Rs. Forum where pending 1) Penalty for delayed payment of Service tax 2005-06 12,029,200/- Before Customs, Excise and Service tax Appellate Tribunal 2) Additional Stamp duty on land 2004-05 7,08,820/- Appeal before Superintendent of Stamps Duty 3) Entry Tax 2005-06 1,049,461/- Pending before High Court 4) Additional Stamp duty on land 2005-06 7,56,500/- Appeal before Deputy Collector of Stamps Duty (x) There are no accumulated losses of the Company as on 31st March, 2007. The company has not incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year. (xi) In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to a financial institution or bank. The company has not issued any debentures. (xii) The company has not granted any loans or advances on the basis of security, by way of pledge of shares, debentures and other securities. (xiii) In our opinion, the company is not a chit fund or nidhi mutual benefit fund/Society, therefore, the provisions of para 4 (xiii) of the Companies (Auditor's Report) Order, 2003 are not applicable to the Company. (xiv) In our opinion, the company is not dealing or trading in shares, securities, debentures and other investments. Accordingly, the provisions of para 4(xiv) of the Companies (Auditor's Report) Order, 2003 are not applicable to the Company. (xv) According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks and financial institutions. (xvi) According to the information and explanations given to us, in our opinion the term loans raised during the year have been applied for the purpose for which they were raised. (xvii) According to the information and explanations given to us and on an overall examination of the balance sheet and cash flow statement of the company, we report that no funds raised on short-term basis have been used for long term investment. (xviii) The company has made preferential allotment of shares but shares are not allotted to parties and companies covered in the Register maintained u/s 301 of the Companies Act, 1956. (xix) The company did not have any outstanding debentures during the year. (xx) The company has not raised any money by way of public issues during the year. (xxi) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statement and as per the information and explanation given 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 KISHAN M. MEHTA & CO., Chartered Accountants (K.M. MEHTA) Partner AHMEDABAD : 21st May, 2007