| We have audited the accompanying financial statements of Standard Shoe
Sole And Mould (india) Limited (the Company), which comprise the balance
Sheet as at March 31, 2015, the Statement of Profit and Loss and cash
flow Statement' for the. year then ended and summary of significant
accounting policies and other explanatory information.
MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
The Company's 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 flow
of the company in accordance with the
Accounting Standards notified under the companies Act, 1956 (the Act)
read with the General Circular 05/ 2013 dated 13th September, 2013 of
the ministry of corporate affairs in respect of Section 133 of the
Companies Act, 2013 and in accordance with the accounting principle
generally accepted in India. This responsibility includes the design,
implementation and maintenance of internal control relevant to the
preparation and presentation of the financial statement 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 out audit in accordance
with the Standards on Audit in 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 the disclosures in the financial statements. The
procedure selected depend on the auditors judgment, including the
assessment of the risk of material misstatement. of the financial
statements whether due to fraud or error In making those risk
assessments, the auditor consider 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, but nor for the purpose of expressing an opinion on the,
effectiveness of the Company's internal control. 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 statement. We
believe that the audit evidence we have obtained is support 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 aforesaid 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 stale of affairs or the
Company as at March 31,2015;
(b) In the case of the Statement of Profit and Loss, of the Profit of
the company for the year ended On that date; and
(c) In the case of the Cash Flow Statement, of the cash flows of the
Company 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 we give in the
Annexure a statement on the matters specified in paragraph 3 of the
Order.
2. As required by Section 327(3) static Act, we report that:
a. We have obtained all the information and explanations which to the
best of our knowledge and believe were necessary for the purpose of our
audit;
b. In our opinion, proper books of amount as required by the law have
been kept by the company so far as 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 are in agreement with the
books of account. "
d. In our opinion, the Balance Sheet, the Statement-of Profit and Loss
and the cash flow statement comply with accounting standard notified
under the act read with the General Circular 15/2013 dated 13th
September, 2013 if the ministry of corporate Act,2013.
For Mukherjee Sanyal & Co
Chartered Accountants
(FRN : 3070398)
Place : Kolkata C.A K.K MUKHERJEE
Date : 23/05/2015 Partner
Membership No. 011435 |