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Urja Global Ltd.

BSE: 526987 | NSE: URJA |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE550C01020 | SECTOR: Trading

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BSE Live

Feb 19, 16:00
1.46 -0.05 (-3.31%)
Volume
AVERAGE VOLUME
5-Day
350,995
10-Day
263,105
30-Day
217,765
232,331
  • Prev. Close

    1.51

  • Open Price

    1.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Feb 19, 15:58
1.50 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
810,512
10-Day
753,382
30-Day
753,518
573,125
  • Prev. Close

    1.50

  • Open Price

    1.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1.50 (32822)

Annual Report

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

Auditor's Report

We have audited the accompanying financial statements of Urja Global Limited (hereinafter referred to as the Company ), which comprises the Balance Sheet as at 31 March, 2014 and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management''s Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with accounting principles generally accepted in India, including the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (the Act) read with General Circular No. 8/2014Dated 4 th April 2014 issued by the Ministry of Corporate Affairs. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditors'' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the act 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 March 31, 2014; b) in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor''s Report) Order, 2003 (the Order) issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order. 2. As required by section 227(3) of the Act, 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 appears from our examination of those books; c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account; d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting Standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 read with General Circular No. 8/2014Dated 4 th April 2014 issued by the Ministry of Corporate Affairs. e) On the basis of written representations received from the directors as on March 31st 2014, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31st 2014, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. ANNEXURE TO THE AUDITORS'' REPORT OF EVEN DATE (Referred to in paragraph 1 under the heading Report on other legal and regulatory requirements of our report of even date) Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of account and other records examined by us in the normal course of audit, we report as under: 1. (a) The Company has maintained proper records of Fixed Assets showing full particulars, including Quantitative details and situation of fixed assets. (b)The physical verification of the Fixed Assets was conducted by the management at the year end which is in our opinion is reasonable having regard to the size of the Company and nature of its Fixed Assets. No material discrepancies were noticed during the year on such verification. (c) There was no disposal of Fixed Assets during the year. 2. (a) The inventories have been physically verified during the year by the management. In our opinion frequency of verification is reasonable. (b)The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and nature of its business. (c) On the basis of our examination of the records of inventory, we are of the opinion that the company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material. 3. The Company has not granted / taken secured or unsecured loan to/from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, provisions of clauses 4(iii) of the Companies (Auditor''s Report) Order, 2003 (as amended) are not applicable to the Company and hence not commented upon. 4. In our opinion and according to explanation given to us, there is adequate internal control procedure commensurate with the size of the company and the nature of its business for purchase of inventory, fixed assets and with regard of the sale of goods. During the course of our audit, no major weakness has been noticed. 5. Based on the audit procedures applied by us and according to information and explanations given to us by the management, we are of the opinion that there were no transactions that need to be entered in the register maintained under Section 301 of the Companies Act, 1956. 6. The Company has not accepted deposits from public within the meaning of Sections 58A and 58AA of the Companies Act, 1956. 7. In our opinion, the company has an internal audit system commensurate with the size and nature of its business. 8. The Central Government has not prescribed for the maintenance of cost records under Section 209 (1) (d) of the Companies Act, 1956 to the Company. 9. (a) According to the information and explanations given to us by the company, the company is generally regular in depositing undisputed statutory dues with the appropriate authorities Sales Tax, Income Tax and other material dues applicable to the Company. According to the information and explanations given to us there are undisputed amounts payable in respect of Income Tax & TDS amounting to Rs. 95,38,924/-, outstanding as at 31 March, 2014 for a period of more than six months from the date they become payable. (b)The Company doesn''t have any disputed dues of Sale Tax, Income Tax, Wealth Tax, Excise Duty and Customs etc. which have not been deposited, except the income tax demand of '' 3,68,443/- for the A. Y. 2006-2007 against which the Company has filed an Appeal with CIT (A) VI, New Delhi. 10. The Company has not accumulated losses during the year. It has not incurred any cash losses during the current financial year and in the immediately preceding financial year. 11. The Company has no dues payable to a financial institution or bank or debenture. 12. According to the information and explanations given to us and based on the documents and records produced 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. 13. In our opinion and according to the information and explanations given to us, the nature of activities of the Company does not attract any special statute applicable to chit fund and nidhi /mutual benefit fund/societies. 14. As informed and explained to us, the company has not dealt/traded in securities or debentures during the year. 15. According to the information and explanations given to us, the company has not given any guarantee for loan taken by its associates or subsidiaries from bank or financial institutions. 16. According to the information and explanations given to us, the Company did not have any term loan outstanding during the year. 17. On the basis of information received from the management and based on our examination of the Balance Sheet of the Company as at 31 March, 2014 we find that the funds raised on a short term basis have not been used for long term investment and vice versa. 18. On the basis of information received from the management we report that the company has not made preferential allotment of share to parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956. 19. The Company did not have any outstanding debentures during the year. 20. The Company has not raised monies by way of public issue during the year. 21. According to the information and explanations given by the Management, we report that no fraud on or by the Company has been noticed or reported during the year. For PVR-N & Co. Chartered Accountants Firm Registration No: 004062N Pradeep Kumar Jindal Partner M.No. 082646 New Delhi, 28 May, 2014