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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

Jan 21, 15:40
1070.30 -26.45 (-2.41%)
Volume
AVERAGE VOLUME
5-Day
1,451
10-Day
963
30-Day
1,081
490
  • Prev. Close

    1096.75

  • Open Price

    1087.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 21, 15:49
1075.05 -24.85 (-2.26%)
Volume
AVERAGE VOLUME
5-Day
7,369
10-Day
5,601
30-Day
6,743
4,267
  • Prev. Close

    1099.90

  • Open Price

    1085.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1075.05 (36)

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 M/s Golden Laminates Limited as at 31st March 2007 and the Profit & 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 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 test basis, evidence supporting the amounts and disclosure 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 Companies Auditors Report 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 paragraph 4 & 5 of the said order. 4. Further to our comments in the Annexure referred to in paragraph (3) above: i. We have obtained all the information and explanation, which to the best of our knowledge and belief were necessary for the purpose of our audit. ii. In our opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of the books and papers. iii. The Balance Sheet and the Profit & Loss Account and the Cash Flow Statement dealt with by the report are in agreement with the books of accounts. iv. In our Opinion and to the best of our information and according to the explanation given to us, Balance Sheet and Profit & Loss Account comply with the Accounting Standards referred to in sub-section (3C)of Section 211 of the Companies Act, 1956 v. On the basis of written representations received from the directors, as on 31st March 2007 as 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. vi. In our opinion, and to the best of our information and according to the explanations given to us, the said accounts given 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. In so far as it relates to the of Balance Sheet of the state of affairs of the company as at 31st March 2007 and In so far as it relates to Profit and Loss Account, of the Profit of the Company for the year ended31st March, 2007 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. ANNEXURE TO THE AUDITORS REPORT (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) 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 (c) There was no disposal of a substantial part of fixed assets during the year. (ii) (a) The Company has conducted physical verification of inventory at reasonable intervals during the year. 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 inventory 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 books records were not material. (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-clauses (a),(b), (c) and (d) of clause 4 (iii) are not applicable to the Company. (b) The Company has taken Unsecured Loans From companies & Other parties covered in the register maintained under section 301 of the Companies Act 1956. There is Only One party covered in the register maintained under section 301 of the Companies Act 1956 .from whom the Company has taken deposits. The maximum amount involved during the year was 4.81 Lacs and the year end balance of deposits taken from such parties was Rs. 4.30 Lacs. The Company has not granted any loan to any party covered in the register maintained under section 301 of the Companies Act 1956. (c) In respect of Deposit 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 inventories and fixed assets and with regard to the sale of goods and services. During the course of our audit, we have not observed any continuing major weakness in such 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 Transaction that have been so entered into the registered maintained under Section 301 of the Companies Act, 1956 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 pursuance of contracts or arrangements required to be entered in the register maintained under Section 301 of the Company Act 1956. vi) The Company has not accepted any deposits from the public during the financial year, the provision of section 58 A and 58 AA 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 maintainance of cost records under section 209 (1) (d) of the Companies Act, 1956 , for any product of the Company. (ix) (a) 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 with appropriate authorities undisputed statutory dues including Provident fund, Employees state insurance, Income tax, Wealth tax, Sales tax, Customs duty, Excise duty, Service tax, Cess and other material statutory dues applicable with the appropriate authorities. No undisputed amounts payable in respect of aforesaid statutory dues were in arrears, as at 31st March 2007 for a period of more than six months from the date they became payable. (x) The Company does not have accumulated losses. 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. (xii) In our opinion and according to the information and explanations given to us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Therefore , the provisions of clause 2(xii) of the Companies (Auditors 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 (Auditors Report) Order, 2003 are not applicable to the Company. (xiv) In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities, debentures and other investments. Therefore, the provisions of clause 4 (xiv) of the Companies (Auditors Report) Order, 2003 are not applicable to the Company. (xv) In our opinion and 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. (xvi) In our opinion and according to the information and explanations given to us, the term loans have been applied for the purpose for which they were raised. (xvii) In our opinion and according to the information and explanations given to us, and on an overall examination of the Balance Sheet of the Company, we report that 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 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 nor there is any outstanding as on 31st March 2007 and hence we have no-comments to offer in respect of Clause 4(xix) of the Companies (Auditors Report) Order, 2003. (xviii) During the year covered by our audit report, the Company has not raised any money by way of public issue. (xxi) To the best of our knowledge and belief and according to the information and explanations given to us, no material fraud on or by the Company has been noticed or reported during the course of our audit. For Suimii K. Sood & Co. Chartered Accountant Sd/- Syroia K. Sood Dated: 26-06-2007 Partner Place : Panchkula M.No. 81778