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MPS Ltd.

BSE: 532440 | NSE: MPSLTD |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE943D01017 | SECTOR: Printing & Stationery

BSE Live

Mar 30, 16:00
212.00 -10.00 (-4.50%)
Volume
AVERAGE VOLUME
5-Day
797
10-Day
1,820
30-Day
1,241
1,048
  • Prev. Close

    222.00

  • Open Price

    222.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Mar 30, 15:49
206.95 -11.00 (-5.05%)
Volume
AVERAGE VOLUME
5-Day
6,653
10-Day
10,579
30-Day
6,757
8,915
  • Prev. Close

    217.95

  • Open Price

    210.00

  • Bid Price (Qty.)

    206.95 (1)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2010

Auditor's Report

We have audited the attached Balance Sheet of Macmillan India Limited (the Company), as at 31st December 2006, and the Profit and Loss Account and the 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. We conducted our audit in accordance with the 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. As required by the Companies (Auditor's Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1 956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. Further to our comments in the Annexure referred to above, we report that: (i) 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; (ii) 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; (iii) The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account; (iv) In our opinion, the Balance Sheet, 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; (v) On the basis of the written representations received from the directors, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st December 2006 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956 on the said date (vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts 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: (a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st December 2006; (b) in the case of the Profit and Loss Account, of the profit 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 FRASER & ROSS Chartered Accountants BHAVANI BALASUBRAMANIAN Partner Membership No. 221 56 Place: Mumbai Date: 28th March, 2007 REPORT OF THE AUDITORS TO THE MEMBERS Annexure to the Auditors' Report (Referred to in paragraph 3 of our report of even date) 1. In respect of its fixed assets: (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b) Most of the fixed assets were physically verified during the year by the management in accordance with a regular programme of verification, which in our opinion is reasonable having regard to the size of the Company and the nature of its assets. According to the information and explanations given to us no material discrepancies were noticed on such verification. (c) The fixed assets disposed off during the year, in our opinion, do not constitute a substantial part of the fixed assets of the Company and such disposal has, in our opinion, not affected the going concern status of the Company. 2. In respect of its inventories: (a) As explained to us, inventories were physically verified during the year by the management at reasonable intervals. (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 were reasonable and adequate in relation to the size of the Company and nature of its business. (c) In our opinion and according to the information and explanation given to us, the Company has maintained proper records of its inventories and no material discrepancies were noticed on physical verification. 3. (a) According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. (b) According to the information and explanations given to us, the Company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. 4. In our opinion and according to the information and explanations given to us, there are adequate internal control systems 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 we have not observed any continuing failure to correct major weaknesses in such internal control system. 5. In respect of contracts or arrangements entered in the register maintained in pursuance of Section 301 of the Companies Act 1 956, to the best of our knowledge and belief and according to the information and explanations given to us: (a) The particulars of contracts or arrangements referred to in Section 301 that needed to be entered into the register, maintained under the said section have been so entered. (b) Where such transactions, in aggregate, is in excess of Rs 5 lakhs in respect of any party, (which relates to sale of building to Managing Director and licence of premises and professional services availed from a professional firm in which a director is a partner), the transactions have been made at prices which are prima facie reasonable having regard to the prevailing market prices and mutually agreed rates for the professional services received, at the relevant time. 6. The Company has not accepted any deposits from the public during the year and hence provisions of Sections 58 and 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975 with regard to the deposits accepted from the public are not applicable. 7. In our opinion, the Company has an adequate internal audit system commensurate with the size and the nature of its business. 8. The Central Government has not prescribed maintenance of Cost Accounting Records under Section 209(1)(d) of the Companies Act, 1956 for the printed books, photo composed books and digitised data capture, the products/services of the Company. 9. In respect of Statutory dues: (a) According to the information and explanations given to us, the Company has been generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth tax, Service Tax, Custom duty, Cess and any other material statutory dues with the appropriate authorities during the year. (b) There were no undisputed amounts payable in respect of above statutory dues as at 31st December 2006 for a period of more than six months from the date they became payable. (c) According to the information and explanations given to us, there are no dues of Sales Tax, Income tax, Customs Duty, Wealth Tax, Service Tax, and Cess, which has not been deposited with the appropriate authorities on account of any dispute. 10. As at the end of the financial year, the Company does not have accumulated losses. The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. 11. In our opinion and according to the information and explanations given to us, the Company has not taken any loans from financial institutions, banks and debenture holders. 12. Based on our examination of documents and records, we are of the opinion that the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. The Company is not a chit fund or nidhi mutual benefit fund/society. Hence the provisions of any special statute applicable to chit fund are not applicable to the Company. 14. In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities and debentures and other investments. Accordingly, the provisions of clause 4(xiv) of the Companies (Auditor's Report) Order 2003 are not applicable to the Company. 15. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions during the year. 16. To the best of our knowledge and belief and according to the information and explanations given to us, the Company has not raised any Term Loan during the year. 17. According to the information and explanations given to us, and on an overall examination of the Balance Sheet of the Company, funds raised on short-term basis, have, prima facie, not been used during the year for long term investment. 18. According to the information and explanations given to us, the Company has not made any preferential allotment of shares 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 and the records examined by us, the Company has not issued any debentures. 20. The Company has not raised money through public issues during the year. 21. 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 year. FOR FRASER & ROSS Chartered Accountants BHAVANI BALASUBRAMANIAN Partner Membership No. 22156 Place : Mumbai Date : 28th March 2007