you are here:

KCCL Plastic Ltd.

BSE Live

Jul 03, 16:00
0.83 0.00 (0.00%)
Volume
No Data Available
1
  • Prev. Close

    0.83

  • Open Price

    0.83

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.87 (8)

KCCL Plastic is not traded on BSE in the last 30 days

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

KCCL Plastic is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2009 2008 2006

Auditor's Report

1. We have audited the attached Balance Sheet of KOSHA CUBIDOR CONTAINERS LIMITED as at 31st March, 2006 and the Profit and Loss account and cash flow statement for the year ended on that date annexed thereto. These financial statements are responsibility of the companys management. Our responsibility is to express our 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 misstatements 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 Govt. of India in terms of Section 227 (4A) of the Companies Act 1956. We give in the annexure hereto statement on the matters specified in paragraphs 4 and 5 of the said order. 4. Further to our comments in the Annexure referred to in paragraph 1 above, we state that: a) 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. b) In our opinion, proper books of accounts, as required by the law have been kept by the company so far as appears from our examination of the such books. c) The Balance sheet, 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 Accounting Standards referred to in sub-section (3c) of the section 211 of the Companies Act 1956. e) On the basis of written representation received from the Directors, as on 31st March, 2006 and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March, 2006 from being appointed as a director in terms of clause (g) of sub section [1] of section 274 of Companies Act 1956. f) In our opinion and best of our information and according to explanation given to us, the said accounts give the information required by the companies Act, 1956, in the manner so required and give 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 31st March, 2006. ii) In the case of the Profit and Loss account, of the Loss for the year ended on that date. iii) In the case of the cash flow statement of the cash flows for the year ended on that date. Place ; Mumbai For Mahesh P. & Company Date : 24-8 2006 Chartered Accountants M. P. Ladwa Proprietor M No. 100-32698. ANNEXURE TO THE AUDIT REPORT ON THE MATTERS SPECIFIED IN PARAGRAPH 4 AND 5 OF THE COMPANIES (AUDITORS REPORT) ORDER, 2003, 1) a) The Company has maintained proper records showing full particulars, including quantitative details and situations of fixed assets b) All the fixed assets have been physically verified by the management at regular interval which in our opinion is reasonable having regard to the size of the company and the nature of the fixed assets. We are informed that there is no discrepancy noticed on such physical verification. c) No substantial part of fixed assets have been disposed off during the year by the Company 2) a) Physical verification of Inventory has been conducted at reasonable intervals by the management. b) The procedure of physical verification of such stocks followed by the management are 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 the discrepancies on physical verification of such inventory were not material and have been properly dealt with in the books of account; 3) a) The Company has granted and taken unsecured loans to/from companies, firms or other parties covered in the register maintained under section 301 of the Act The no of such parties are two, the year end balance of loans taken from such parties was Rs 9,02 652/- b) In our opinion, the rate of interest and other terms and conditions of loans given or taken by the company, are not prima facie prejudicial to the interest of the company. c) The company is regular in payment of the principal amount and interest. The parties have repaid the principal amounts as stipulated and have been regular in the payment of interest. d) There is no overdue amount of loans taken from or granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956. 4) In our opinion and according to the information and explanation given to us, there is an adequate internal control procedure commensurate with size of the company and the nature of its business for the purchase of inventory, fixed assets and with regards to the sale of the goods. During the course of our audit, we have not observed any continuing failure to correct major waknesses in internal controls. 5) a) According to the information and explanation given to us, we are of the opinion that the transactions that need to be entered in to a register pursuance to section 301 of the Act have been entered by the company. b) In our opinion and according to the information and explanations given to us, there are no transactions made in pursuance of contracts or arrangements entered in the register maintained under section 301 of the Companies Act, 1956 and exceeding the value of rupees Five lacs. 6) In our opinion and according to the explanation and information given to us the company has complied with the provision of the section 58 A of the Companies Act, 1956 and the rules there under with the regard to the deposits accepted from the Public. No order has been pased by the Company Law Board. 7) In our opinion the company has an internal audit system commensurate with its size and nature of its business. 8) We are informed that the Central Government has not prescribed maintenance of cost records under clause (d) of sub section (1) of section 209 (1) of the Act. 9) a) As per the explanation and information given to us and as per our verification, the company is regular in depositing undisputed statutory dues including provident fund, employees state insurance, income tax, sales tax, custom duty, excise duty, cess and any other statutory dues with the appropriate authorities and there were no undisputed amount outstanding of statutory dues as at the last day of the financial year concerned for a period of more than six months from the date they become payable. b) We are informed that there is no dispute pending before any authorities for payment of any statutory dues as mentioned above. 10) In our opinion, the accumulated losses of the company are more than fifty percent of its net worth at the end of the financial year. The company has incurred cash losses in the financial year and in the year immediately preceding financial year. 11) In our opinion and according to the information and explanation given to us, the company has not defaulted in repayment of dues to a financial institution or bank. 12) The company has not granted any loans and advances on the basis of securities 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 provision 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. Accordingly, the provisions of clause 4 (xiv) of the Companies (Auditors Report) Order, 2003 are not applicable to the Company. 15) The Company has not given any guarantee for loans taken by others from banks or financial institutions. 16) In our opinion, the term loans were applied for the purpose for which the loans were obtained. 17) According to the information and explanation 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. No long term funds have been used to finance short-term assets except permanent working capital. 18) During the year the company has not made any allotment of any shares. 19) During the year the company has neither issued any debentures nor created any security in that respect. 20) During the year the company has neither raised any money by public issue nor utilised any such money. 21) No fraud on or by the company has been noticed or reported during the year. Place : Mumbai For Mahesh P. & Company Date : 24th August 2006 Chartered Accountants M. P. Ladwa Proprietor M. No. 100-32698.