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Stylam Industries Ltd.

BSE: 526951 | NSE: STYLAMIND |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE239C01020 | SECTOR: Miscellaneous

BSE Live

Dec 08, 16:00
1027.50 0.30 (0.03%)
Volume
AVERAGE VOLUME
5-Day
841
10-Day
840
30-Day
6,681
89
  • Prev. Close

    1027.20

  • Open Price

    1053.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 08, 15:40
1030.95 3.10 (0.30%)
Volume
AVERAGE VOLUME
5-Day
2,917
10-Day
3,816
30-Day
16,379
1,196
  • Prev. Close

    1027.85

  • Open Price

    1031.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

ANNUAL REPORT 2005-2006 AUDITORS' REPORT To THE MEMBERS OF GOLDEN LAMINATES LIMITED CHANDIGARH 1. We have audited the attached Balance Sheet of M/S GOLDEN LAMINATES LIMITED as at 31st March, 2006, and the Profit and Loss Account for the year ended on that date annexed thereto and Cash Flow Statement for the year ended on that date. 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 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 Reports) Order, 2003 issued by the Central Government of India in terms of Sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure hereto a statement on the matter specified in paragraphs 4 & 5 of the said order. 4. Further to our comments in the Annexure referred to in paragraph (2) 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 these books. (c) The Balance Sheet and the Profit and Loss Account, Cash Flow Statement dealt with by this report are in agreement with the books of accounts. (d) In our opinion and to the best of our information and according to the explanation given to us, Balance Sheet and Profit and Loss Account 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 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 the Companies Act, 1956. (f) In our opinion, and to the best our information and according to the explanations given to us, the said accounts read together with the significant Accounting policies and other notes thereon give the information required by the Companies Act, 1956 in the manner so required and a true and fair view in conformity with the accounting principles generally accepted in India: i) in so far as it relates to the Balance Sheet, of the state of affairs of the Company as at 31st March, 2006 ii) so far as it relates to Profit and Loss Account, of the profit of the Company for the year ended 31st March, 2006 iii) in so far as it relates to the Cash Flow Statement, of the cash flows of the Company for the year ended on that date. For Sunil K. Sood & Co. Chartered Accountant Sd/- (SUNIL K. SOOD) PROPRIETOR Membership No. 81778 Place : Panchkula Dated : 23rd June, 2006 ANNEXURE TO THE AUDITOR'S REPORT (Referred to in paragraph (3) of our report of even date) (i) (a) The Company has maintained proper record showing full particulars, including quantitative details and situation of fixed assets. (b) A major portion of the assets has been physically verified by the Management during the period. In our opinion, the frequency of verification is reasonable having regard to the size of the Company and the nature of its assets. To the best of our knowledge, no material discrepancies have been noticed on such verification. (ii) (a) The inventory has been physically verified during the year by the Management at reasonable intervals. Inventory in transit have been verified by the management with reference to the confirmations received from them and / or subsequent receipt of goods. (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 are reasonable and adequate in relation to the size of the Company and the nature of its business. (c) In our opinion and according to the information and explanations given to us, the Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material. (iii) (a) The Company has not taken any loans during the year, from other parties covered in the register maintained under section 301 of the Companies Act, 1956. (b) In respect of the deposits taken from parties covered in the register maintained under section 301 of the Companies Act, 1956. In our opinion, the rate of interest and other terms and conditions on which deposits have been taken from parties listed in the register maintained under section 301 of the Companies Act, 1956 are prima facie not prejudicial to the interest of the Company. (iv) In our opinion and according to the information and explanations given to us, the company has not purchased any item of special nature whose suitable alternative sources do not exist for obtaining comparable quotations, there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in internal controls. (v) (a) To the best of our knowledge and belief and according to the information and explanations given to us, we are of the opinion that the transactions that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered. (b) In our opinion, having regard to our comments in Paragraph (iv) above and according to the information and explanation given to us, no transactions have been made in pursuance of contracts or arrangements required to be entered in the register maintained under Section 301 of the Act. (vi) The Company has not accepted any deposits from the public during the financial year, the provision of section 58A and 58AA of the Companies Act, 1956, and the rules framed there under, are not applicable. (vii) In our opinion, the Company has an internal audit system commensurate with the size and nature of its business. (viii) To the best of our knowledge and according to the information given to us, the Central Government has not prescribed maintenance of cost records under section 209(1) (d) of the Companies Act, 1956, for any product of the Company. (ix) According to the information and explanations given to us, and records of the Company examined by us, in our opinion the Company is generally regular in depositing the undisputed statutory dues including Provident fund, Investor education and Protection fund, Employees state insurance, Income tax, Sales tax, Wealth tax, Custom duty, Excise duty, Cess and other material statutory dues as applicable with the appropriate authorities. No undisputed amounts payable in respect of aforesaid statutory dues were in arrears, as at 31st March,2006 for a period of more than six months from the date they became payable. (x) The Company does not have any accumulated losses. The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. (xi) In our opinion and according to the information and explanation given to us, the Company has not defaulted in repayment of dues to financial institutions or banks. (xii) According to the information and explanations given to us, the Company has not granted loans and advance on the basis of security byway of pledge of shares, debentures and other securities, Therefore, the provisions of clause 2(xii) of the Companies (Auditor's Report) Order, 2003 are not applicable to the Company. (xiii) In our opinion, the Company is not a chit fund or a nidhi mutual benefit / society. Therefore, the provisions of clause 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 in or trading in shares, securities, 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. (xv) In our opinion, and according to information and explanation given to us the Company has not given guarantees for loans taken by others from banks or financial institutions. (xvi) In our opinion, the term loans have been utilised for the purpose for which they were raised. (xvii) According to the information and explanation given to us and on an overall examination or the Balance Sheet of the Company, we report that no funds raised on short-term basis have been used for long term assets. No long term funds have been used to finance short-term assets other than temporary deployment in investments pending application. (xviii) According to the information and explanations given to us, during the period covered by our audit report, the Company has not made preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Companies Act, 1956. (xix) The Company has not issued any debenture during the year not there is any outstanding as on 31st March 2006 and hence we have no comments to offer in respect of Clause 4(xix) of the companies (Auditor's Report) Order. 2003. (xx) During the period covered by our audit report, the Company has not raised any money by public issues. (xxi) To the best of our knowledge and belief and according to tie information and explanations given to us, no fraud on or by the Company has been noticed or reported during the course of our audit. For Sunil K. Sood & Co. Chartered Accountant (SUNIL K. SOOD) PROPRIETOR Membership No. 81778 Place : Panchkula Dated : 23rd June, 2006