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Zenlabs Ethica Ltd.

BSE: 530697 | NSE: | Series: NA | ISIN: INE546F01013 | SECTOR: Finance - Investments

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Jan 21, 15:48
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25,851
  • Prev. Close

    39.30

  • Open Price

    37.80

  • Bid Price (Qty.)

    37.95 (370)

  • Offer Price (Qty.)

    38.05 (100)

NSE Live

Dec 27, 11:22
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  • Prev. Close

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Zenlabs Ethica is not listed on NSE

Annual Report

For Year :
2018 2015 2014 2013 2011 2010 2009 2008

Auditor's Report

We have audited the accompanying standalone financial statements of Neelkanth Technologies Limited(the Company''),which comprise the balance sheet as at 31March 2015,the statemen to f profit and loss and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management''s Responsibility for the Standalone Financial Statements The Company''s Board of Directors is responsible for the matters stated inSection134(5)of the CompaniesAct,2013(the Act)with respect to the preparation and presentation of the se st and al one financial statements that give a true and Fairview of the financial position, financial performance and cash flows of the Company in accordance with the accounting principle generally accepted in India, including the Accounting StandardsspecifiedunderSection133oftheAct,readwithRule7ofthe Companies(Accounts)Rules,2014.Thisresponsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material miss statement, whether due to fraud or error. Auditor''s Responsibility Our responsibility is to express an opinion on these standalone financial statements based onour audit. We have taken in to account the provisions of the Act,the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10)of the Act. Those Standards require that we comply with ethical requirement sand plan and perform The audit too taint reasonable assurance about Whether the financial statements are freeform material misstatement. An audit involves performing procedures to obtain audit evidence about the amount sand the 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 financial control relevant to the Company''s preparation of the financial statements that give atrue and fair view in order to design auditor cedars that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place anad equate in ternal financialcontrols system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and there as on abl emeses of the accounting estimates made by the Company''s Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriatetoprovideabasis For our audit opinion on the standalone financial statements. Opinion In our opinion and to the best of our in formation and according to the explanations given to us, the A for said standalone financial statements give the information required by the Acting the manner so Required and give at rue and fair view inconformity with the accounting principles generally accepted inIndia,of the state of affairs of the Company as at 31 March 2015 and its lossanditscashflows for the year ended on that date. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor''s Report)Order,2015 (the Order) issued by the Central Government of India in term so flub-section(11) ofsection143oftheAct,wegiveinthe Annexure a statement on the matters specified in the paragraph 3 and 4 of the Order, to the extent applicable. 2. As required bisection 143(3)of the Act, were port that: (a) we have sought and obtained all the in formation 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 accountas required by law have beenk eptby the Company so fares it appears from our examination of those books; (c) the balance sheet,the statement of profit and loss and the cash flow statement dealt with by this Report rein agreement with the books of account; (d) in our opinion, the for said sandal one financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)Rules, 2014; (e) on the basis of the written representations received from the directors as on 31 March 2015 taken on record by the Board of Directors, none of the directors is disqualified as on31 March 2015 from being appoint ease director inters ofSection164 (2)of the Act. Annexure to the Independent Auditor''s Report The Annexurere ferred to in our Independent Auditors Report to the members ofthe Company on the Standalone financial statements for the year ended 31March 2015, we report that: (i) (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) All the assets have been physically verified by the management during the year and there is a regular programmed of verification which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. (ii) (a) The inventory, except goods in transit, has been physically verified by the management at reasonable intervals during the year. (b) The procedures for 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) The company is generally maintaining proper records of inventory. The discrepancies noted between the stocks as per physical verification and the book records have been properly dealt with in the books of account. (iii) (a) As informed, the Company has not granted any loan, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Accordingly, provisions of paragraph 4(iii) (b), (c) and (d) of the Order are not applicable. (b) In our opinion there is no overdue amount of loans taken from parties and companies listed in the register maintained under section 301 of the Companies Act, 1956. (iv) 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 with regard to purchase of inventory and fixed assets and for the sale of goods. Further, on the basis of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices, there is no continuing failure to correct the weaknesses in the aforesaid internal control systems. (v) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits within the meaning of section 58A, 58AA and the other relevant provisions of the Companies Act, 1956 and rules framed there-under. (vi) As explained to us the company is not required to maintain cost records under clause (d) of sub section (1) of Section 209 of the Act. (vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the company, amounts deducted/accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees'' State Insurance, Income-tax, Sales-tax, Service Tax, Value Added Tax, Customs duty, Excise duty, Service tax, and other material statutory dues have generally been regularly deposited during the year by the Company with the appropriate authorities, According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Employees'' State Insurance, Income-tax, Customs duty, Service tax, Investor Education and Protection Fund and cess and other material statutory dues were in arrears as at 31 March 2015 for a period of more than six months from theater they became payable. (b) According to the information and explanations given to us, there are no dues of Income-tax, Sales tax, Wealth Tax, Service Tax, Duty of Customs, duty of excise or Value Added Tax and Cess which have not been deposited with the appropriate authorities on account of any dispute. (viii) In our opinion, the company have accumulated losses Rs. 1,65,31,312.00at the end of the financial year and has incurred cash losses of Rs. 5,71,673.00 during the financial year covered by our audit and Rs.4,27,564.00 in the immediately preceding financial year. (ix) In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to banks during the year. There were no dues payable to any financial institution or debenture holders. (x) In our opinion and on the basis of information and explanation given to us, the company has not given any guarantee for loans taken by others from banks or financial institutions. Therefore, the provisions of clause 4(xv) of the Companies (Auditor''s Report) Order, 2003 are not applicable to the company. (xi) On the basis of information and explanation given to us, we are of opinion that the Company has not raised any term loans during the year. (xii) During the course of our examination of the books and records of the Company carried out in accordance with the generally accepted auditing practices in India and according to the information and explanation given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year nor have we been informed of such case by the management. FOR SHIVA GUPTA & ASSOCIATES Chart erred Accountants Firm''s registration number: 006946N Shiv K Gupta Proprietor Membership number: 085397 Chandigarh 28th May 2015