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Kothari Petrochem Ltd.

BSE: 532096 | NSE: KOTHARIPET |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE720A01015 | SECTOR: Trading

BSE Live

Dec 27, 11:22
1.70 -0.45 (-20.93%)
Volume
No Data Available
1
  • Prev. Close

    2.15

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Kothari Petrochem is not listed on BSE

NSE Live

Sep 17, 15:51
53.30 -1.25 (-2.29%)
Volume
AVERAGE VOLUME
5-Day
144,175
10-Day
152,175
30-Day
265,053
119,793
  • Prev. Close

    54.55

  • Open Price

    55.40

  • Bid Price (Qty.)

    53.30 (200)

  • Offer Price (Qty.)

    0.00 (0)

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 Kothari Petrochemicals Limited as at 31st March 2007 and the Profit and Loss Account and 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 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 (Auditors Report) Order, 2003 issued by the Company Law Board in terms of Section 227(4A) 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 to the extent they are applicable to the company. 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 necessary 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 it appears from our examination of such books. c) The Balance Sheet, Profit and Loss account and Cash Flow Statement referred to in this report are in agreement with the books of account. d) In our opinion, the Balance Sheet, Profit and Loss account and Cash Flow Statement comply with the Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956. e) On the basis of the written representations received from directors and taken on record by the Board of Directors, we report that none of the director is disqualified as on 31st March 2007 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 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 together with the notes thereon and schedules attached thereto, 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 so far it relates to the Balance Sheet, the state of affairs of the company as at 31st March 2007, ii) in so far it relates to the Profit and Loss account, of the profit for the year ended on that date, and iii) in so far it relates to the Cash Flow Statement, of the Cash Flow for the year ended on that date. ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE 1. The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. 2. Some of the fixed assets were physically verified during the year by the management in accordance with a programme of verification, which in our opinion provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification. 3. No major asset has been disposed off during the year and hence the concept of going concern is not affected. 4. Inventories were physically verified during the year by the management at reasonable intervals. 5. In our opinion and according to the information and explanations given to us, the procedure of physical verification of inventories followed by the management was reasonable and adequate in relation to the size of the Company and the nature of its business. 6. In our opinion and according to the information and explanations given to us ,the Company has maintained proper records of its inventories and no material discrepancies were noticed on physical verification. 7. The company has granted advances to two Companies covered in the register maintained under section 301 of the Companies Act 1956. The maximum amount involved is Rs.360 lacs and year end balance was NIL. 8. According to the information and explanations given to us the advances carry no interest terms and condition of the advances made during 2006-2007 are not prima-facie prejudicial to the interest of the Company. 9. The advances have been repaid during the year. 10. The company has taken one advance from a Company covered in the register maintained under section 301 of the Companies Act, 1956. The maximum amount involved is Rs. 87.70 Lacs and year end balance was Rs 87.70 Lacs 11. According to the information and explanations given to us the advances carry no interest terms and condition of the advances availed during 2006-2007 are not prima-facie prejudicial to the interest of the Company. These advances have no period specified for repayment. 12. 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 purchase of inventory and fixed assets and for the sale of goods and services and there was no continuing failure to correct any major weakness. 13. In our opinion and according to the explanations given to us, transactions made in pursuance of contracts or arrangements requiring entry in the registers maintained under section 301 of the Companies Act, 1956 have been entered. 14. The company has no fixed deposits requiring compliance of provisions of Section 58 and 58 AA or any other relevant provisions of the act. 15. The Internal Audit function has been carried out by a firm of Chartered Accountants and is commensurate with the size of the company and the nature of its business. 16. To the best of our knowledge and according to the information and explanations given to us the companys present business does not require the maintenance of cost records under Section 209(1) (d) of the Companies Act, 1956. 17. According to the information and explanations given to us, the Company has been regular in depositing undisputed statutory dues, including Income tax, Sales tax and any other statutory dues with the appropriate authorities during the year. The company has no dues towards Provident Fund, Investor Education and Protection Fund, Wealth Tax, Service Tax, Custom Duty, Excise Duty and Cess 18. According to the information and explanations given to us, there is no undisputed amount payable towards sales tax or income tax. 19. According to the information and explanations given to us, there are no dues of Sales tax, Income tax Wealth Tax, Service Tax, Custom Duty, and Excise Duty, which have not been deposited on account of any dispute. 20. The accumulated losses of the Company have not exceeded fifty per cent of net worth at the end of the year. The Company has not incurred any cash loss during the financial year and the immediately preceding financial year. 21. The Company has no dues to financial institutions, Banks and debenture holders during the year. 22. The Company has not granted any loan or advance on the basis of security by way of pledge of shares, debentures and other securities. 23. In our opinion and according to the information and explanations given to us the Company is dealing in, trading in shares, debentures and other investments and proper records have been maintained of the transactions and contracts and timely entries have been made there in. These shares debentures and other securities have been held by the company . 24. In our opinion and according to the information and explanations given to us the Company has not given any guarantee for any loans taken by others from banks and financial institutions during the financial year. 25. To the best of our knowledge and belief and according to the information and explanations given to us, no term loan was availed by the Company during the year. 26. In our opinion and according to the information and explanations given to us the Company has made preferential allotment of shares to companies firms covered in the register maintained under section 301 of the Companies Act, 1956 and the price at which they have been allotted are not prejudicial to the interest of the company. 27. The company has not made any public issue of shares during the year and hence the question of verifying the end use of the funds does not arise. 28. According to the information and explanations given to us and the records examined by us, no debentures have been issued during the year. 29. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the Company was noticed or reported during the financial year. for R. Subramanian and Company Chartered Accounts Place: Chennai R.Rajaram Date : July 30, 2007 Partner (M.No.25210)