Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
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Transcript of Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
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7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
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7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
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A-7fi1
,
La
Cl'i*pelle,
Evershine NaEar,
Ma:lad
{Iil/*st},
illuffrbai
-
4il0CI64.
Fh :
t*221288CI8702
Email :
ajayshubha,corsgrnail.con
Auditor's
Report
on
Annual
Standalone Financial
Results
of the
Company Pursuant
to
the
Regulation
33 of
the
SEBI(Listing
Obligations
and
Disclosure
Requirements) Regulations,2015
To The Board
of Directors
of
Todays Writing
lnstruments Limited
1. We have
audited the accompanying
Statement
of
Financial
Results
of Todays Writing lnstruments
Limited,
for the
quarter
ended
31 St
March, 2016
and
year
to date results for the
period
from 1
st
April
,
2015
to 31 st March, 2016
year
attached
herewith
( the
Statement ), being submitted by
Company
pursuant
to
the
requirement
of Regulation 33
of
the
SEBI
(Listing
obligations
and Disclosure
Requirements)
Regulations,
2015. This
statement,
which
is the responsibility
of
the Company's
Management
and
approved by
the
Board
of
Directors,
has
been
prepared
on the
basis
of the
related
financial
statements which
are
in
accordance
with
the accounting standards
prescribed
under section
133
of the Companies Act,
2013, as applicable
and
other accounting
principles
generally
accepted
in
lndia.
Our responsibility
is to express
an opinion on the
statement,
We
conducted our audit
in
accordance
with
the
Standards
on Auditing issued
by
the lnstitute of
Chartered
accountants
of
lndia. Those
standards
require
that
we
plan
and
perform
the audit to obtain
reasonable
assurance
about whether
statement
is free from
material misstatement. An
audit
includes
examining, on
a
test
basis, evidence
supporting the amounts
disclosed
in
the statement.
An
audit
also
includes
evaluating
the appropriateness of the accounting
policies
used and
the
reasonableness of the
significant
accounting
estimates
made
by the
Management,
as
well
as
evaluating
the
overall
presentation
of the statement. We
believe that the audit evidence
we
have obtained
is
sufficient
and
appropriate to
provide
our
audit opinion.
2.
ln
our
opinion
and
to
the
best
of
our
information
and
according to
the
explanations
given
to us,
quarterly
financial
results as well
as the
year
to date
results:,
(i)
are
presented
in
accordance
with
the
requirement
of
Regulation 33 of
the
SEBI
(Listing
Obligations
and Disclosure
Requirements) regulations, 2015;
and
(ii)
Gives a true and
fair
view in
conformity with the aforesaid
Accounting
Standards and
other accounting
principles
generally
accepted
in
lndia
of the
net Loss and other
flnancial lnformation
of the Company
for
the
year
ended
31st
March 2016.
Head
0ffice : 5/4, Clive Row,4th Floor,
Room No.116,
Kolkata
-
700001.
Ph
I
(033)
329035M,
Telefax
-
22310133, Email: [email protected]
Vapi
Ofice I 301, Krishana
Kunj Complex, Opp.
$ahara Market, Vapi $ilyassa Road, Vapi
-
396191. Ph :9426426492, Email: [email protected]
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
5/10
A-701, La
Chapells,
Evershine
NilEar,
l\4alad
{\A/est},
Mumhal
-
4ilil0$4
Ph
{022}
28$fi8702
Email :
ajayshohha [email protected]
3. Emphasis
of
Matters
a.
We
draw
attention to
Note No. 37
to
the
financial statement
regarding
preparation
of
account of
the
company
on
going
concern basis
though
the
accumulated
losses
of
the
Company have exceeded its net worth. Based
on
the factors
the
management believes
that the
going
concern assumption is appropriate
and no adjustments have
been
made
in
the financial statements for
the
year
ended
March 31, 2015.
b.
Balance
confirmation
from
debtors,
creditors, advances,
secured
and unsecured
lenders
etc.
are
generally
not received
and
accordingly
not reconciled
/
confirmed.
ln
absence
of
the same these
balances
and their
classification are
reflected
as
per
the records
produced.
c.
Provision
of
interest
on
loans from banks & financial
institution are
provided
as
per
CDR
scheme and not as
per
the sanction
terms of the banks
& financial
institution
even
though
the CDR scheme sanction
of
consortium
Banks has been cancelled.
Retirement
benefits of employees
in respect of Gratuity and
leave
encashment
are
accounted for on
payment
basis which
is not in
conformity
with Accounting Standard
(AS)
15
(Revised
2005)on
Employee Benefits which
requires that Gratuity
be accounted
foron
accrual basis.
The
Company is
not
regular in depositing
the
undisputed
statutory dues,
including
provident
fund, lncome
tax,
wealth
tax,
service tax, sales
tax, excise duty,
value added tax,
Cess and other
materialstatutory
dues,
as applicable,
with the appropriate authorities.
We
have notice
serious delays in case of
Provident Fund amounting
to
Rs.
85.09
lacs, lncome
tax amounting
to
Rs.
920.88
lacs, TDS amounting
to
Rs,
15.12 lacs and Service
tax
amounting to
Rs.
9.15 lacs, Excise duty
Rs.
66.36
lacs and
Maharashha VAT
Rs. 50.70
lacs
4.
The
Statement includes the results for the
Quarter
ended
March
31,2016
being the
balancing
figure
between the audited
figures
in respect of
full financial
year
and
published year
to date
figures up to the
third
quarter
of the current financial
year
which were subjected
to limited
review
by us.
For
Ajay
Shobha & Co.
Chartered
Accountants
Firm Reg. No/F17031E
Ajay
Gupta
Partner
t *
Mem. No.
053071
Place:
Mumbai
Date:
30/0512016
Head0ffice:5/4,CliveRou4thFloor,RoomNo.ll6,Kolkata-700001.Ph:(033)
32903554.
Telefax-22310133,Ecrai|: [email protected]
Vapi Olice : 301, Krishana Kunj
Complex, Opp. Sahara Market, Vapi Sjlvassa Road,
Vapi
-
39619'1.
Ph:9426426492, Emailr aiayshobha.co@grnail,com
d.
e.
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
6/10
A-7fi'1
,
La Chapelle, Evershins
Nagar,
Ma:lad
{l,{/est},
ilIurnbai
-
4ft,0$64
Ph
:
t*22128808702
Email : ajayshnhha [email protected]
Auditor's Report
on Annual
Consolidated Financial Results
of the
Company Pursuant
to
the
Regulation
33 of
the SEBI(Listing
Obligations
and
Disclosure
Requirements)
Regulations,2015
To
The Board of
Directors
of Todays
Writing lnstruments
Limited
1. We have
audited the accompanying
Statement of Consolidated
Financial Results of
Todays
Writing
lnstruments
Limited( the
Holding
Company ) and
it's
subsidiaries
(
the
Holding
Company
and
its
Subsidiaries together
referred
to
as
the
Group ), for the
year
ended
March
31
,
2016
attached
herewith
( the
Statement ), being submitted by the Holding
Company
pursuant
to the
requirement of
Regulation
33 of the SEBI
(Listing
obligations and Disclosure
Requirements) Regulations,20l5.This
statement, which is
the
responsibility
of
the
Holding Company's
Management
and
approved by the
Board of Directors,
has been
prepared
on
the
basis
of the related consolidated
financial
statements
which
are
in
accordance
with
the accounting
standards
prescribed
under section
133
of the
Companies Act, 2013,
as applicable
and
other accounting
principles generally
accepted
in lndia. Our
responsibility
is
to express an
opinion on the
statement.
2.
We
conducted
our audit
in
accordance
with
the
Standards
on
Auditing issued
by the
lnstitute
of
Chartered accountants
of lndia. Those
standards
require that
we
plan
and
perform
the
audit to obtain
reasonable
assurance about whether
statement
is free from material
misstatement. An
audit
includes
examining,
on a test basis, evidence
supporting the amounts
disclosed
in
the statement.
An
audit
also
includes
evaluating the
appropriateness of the accounting
policies
used and the
reasonableness of
the
significant accounting
estimates made
by the
Management,
as well as
evaluating
the
overall
presentation
of the statement. We
believe that the audit
evidence
we have
obtained
is sufficient and
appropriate to
provide
a basis for our audit opinion.
3. Emphasis
of
Matters
a.
We
draw
attention to
Note No,
37
to
the
financial statement
regarding
preparation
of
account
of the
company
on
going
concern basis
though
the
accumulated
losses
of
the
Company
have exceeded its net worth. Based
on
the
factors the management believes
that
the
going
concern assumption is appropriate and
no adjustments
have
been
made
in
the financial
statements for the
year
ended March 31,
2015.
b, Balance
confirmation from debtors, creditors, advances,
secured and unsecured
lenders
etc. are
generally
not received
and accordingly
not reconciled / confirmed.
ln
absence
of
the same
these balances and their classification are
reflected as
per
the records
produced.
c, Provision
of
interest
on
loans from
banks &
financial institution are
provided
as
per
CDR
scheme
and not
as
per
the sanction terms of the banks &
financial
institution
even
though
the CDR scheme
sanction of consortium Banks has been cancelled.
llead
Office:
514.
Clive Row.4th Floor
Room lrio.116,
Kolkata
-
7009${;flf'(033) 32903554, Telefax
-
22310133, lmail: ajayshobha.co(Oumaii.c0n]
e{
Vapi
Olice : 301, Krishana
Kunj Complex, Opp.
$ahara Market,
Vapi
Silvassa Road, Vapi
-
396191. Ph : 94?6420492, Email: ajayshobha [email protected]
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
7/10
A-701
,
La
Chapelle,
fivershine
l,Jilgar,
M*lad
{\tVest},
M,umbai
-
4*ilS$4.
Ph :
{il22}
288fi$702
Email :
Retirement
benefits
of
employees
in
respect
of
Gratuity
and leave encashment are
accounted
for
on
payment
basis
which is not in
conformity
with
Accounting Standard
(AS)
15
(Revised
2005)on
Employee Benefits which requires that Gratuity be accounted
foron
accrual basis.
The
Company
is
not
regular
in
depositing
the
undisputed
statutory
dues,
including
provident
fund, lncome
tax,
wealth
tax, service tax,
sales tax, excise duty,
value added
tax,
Cess and other material
statutory dues,
as
applicable,
with the appropriate
authorities.
We
have notice
serious delays in
case
of Provident Fund amounting
to Rs. 85.09
lacs, lncome
tax amounting
to Rs.920.88
lacs, TDS amounting
to
Rs, 15.12 lacs
and
Service
tax
amounting
to
Rs. 9.15 lacs, Excise duty Rs. 66.36
lacs
and
Maharashtra VAT
Rs.
50.70
lacs
Other Matters :
4.
We did
not
audit
the
financial statements
/
financial information
of one
subsidiary,
Today's
Petrotech
Ltd,
whose financial
statements
/ financial information
reflect
total
assets of Rs.
833.04
lacs as at 31st
March, 2016,
total revenues
of
Rs.454.76
-
lacs
and
net cash inflows amounting
to
Rs.2.04
lacs for
the
year
ended on that
date, as considered
in
the consolidated
financial statements.
This
financial
statements / financial information have been audited by other auditors
whose reports
have
been
furnished
to us
by the Management and our opinion
on the Statement, in so far as it
relates
to the amounts
and disclosures included in respect
of this
subsidiariy,
is
based solely on the
reports of
the other auditors.
5. ln our
opinion and to the
best of our information and according
to
the
explanations
given
to
us, and
based
on the consideration
as referred to in
paragraph
3 and 4 above, the Statement
:
a.
includes
the results
of
entities
as
given
below:
List
of Subsidiaries:
Today's
lnfrastructure
&
Construction
Ltd
Today's
Stationery
Mart Ltd
Today's
Petrotech
Ltd
b.
is
presented
in
accordance with
the
requirement
of Regulation 33 of the SEBI
(Listing
Obligations and
Disclosure
Requirements)
regulations
,201
5; an
f
.\4.
*.\i*
'-r'I
Head
Office:5i4, C{ive Rol,v,4th
Flror.
Roanr No.tr'1fi,
K*ikata
-
7000fi'1.
.
Telefax
-
2?31il1
33, Email: a1alisnCIhha,co,@grnail,ron r
d
e.
1.
2.
3
e4
%
4F
Vapi
Olice ; 301 Knshana Kunj
Complex,Opp.
Sahara Market, Vapi Sllvassa Road, Vapi
-
396191.
Ph
:
9426426492, Emaii: [email protected]
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
8/10
A-701
,
La Chapelle,
fivershine
il*dilEar,
l\rialad
{\,&/*st},
M,urnf:ai
-
4ililil$4.
Ph :
t022)
28808702
Email
:
ajayshubha.cCI@gmail
cnrTl
c.
gives
a true and
fair view
in
conformity
with
the aforesaid
Accounting
Standards
and other
Accounting
principles generally
accepted
in
lndia of
the consolidated
net
loss and other
financial
lnformation
of
the
group
for
the
year
ended
March
31,
2016.
Ajay
ku
Partner
Mem. No.
053071
Place : Mumbai
Date
:
30/05
12416
Head0ffice:5l4,CliveRow,4thFloor,RoornNo.llS,Kolkata-700001.Ph:(033)
32003554,
Telefax-22310133,Email:
Vapi $fice;301.
Krishana Kunj Complex, Opp. Sahara
Market, Vapi
Silvassa Road.
Vapi
-
396191.
Plt 9426428492,
Emaii:
aiayshobha^co@gmail'com
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
9/10
-
7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]
10/10