| 1. We have audited the annexed Balance sheet of Mini Soft Limited
Faridabad as at 31st March 2011 and the Profit & loss Account for the
year ended on that date , These financial statements are the
responsibility of the company's management. Our responsibility is to
express an opinion on these financial statement based on our audit
2. We have conducted our audit in accordance with the auditing
standards generally accepted in India Those Standards require that we
plan and perform the audit to obtain reasonable assurance about whether
the financial statement are free from material misstatement, an audit
includes examining on a test basis, evidence supporting the amount and
disclosures in the financial statements. It also includes assessing the
accounting principles used and significant estimates made by the
management, as well as evaluating the overall financial statement
presentation.
We believe that our audit provides reasonable basis for our opinion. As
required by the (Companies Auditor's Report) order,2003 as amended in
2004 ,we enclose in the annexure a statement on the matters specified
in paragraphs 4 &5 of the said order to the extent applicable. Further
to our comments in the annexure referred above.
We report that:(i) We have obtained all the information and
explanation, which to the best of our knowledge and belief were
necessary for the purpose of the 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
those books.
(iii) The Balance sheet and profit & loss Account referred to in this
report are in agreement with the books of accounts.
(iv) The Balance Sheet and Profit & Loss Account comply with the
accounting standards referred to in section 21 l(3c) of the Companies
Act, 1956 to the extent applicable.
(v) On the basis of written representations received from the
directors, We report that none of the directors of the company is
disqualified from being appointed as director in terms of clause (g) of
sub section (1) of section 274 of the Companies Act, 1956 ; and
(vi) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts give the information
required by the Company Act ,1956 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 31stMarch-2011 &
b) in the case of the profit &.loss Account of the loss for the year
ended on that date.
ANNEXURE TO THE AUDITOR'S REPORT FOR MINI SOFT LIMITED
(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 As explained to us physical verification of the main portion of
fixed assets as at March 31 ,2011 was conducted by the Management
during the year. In our opinion the frequency of physical verification
is reasonable. Having regard to the size of the operations of the
Company and on the basis of explanations received ,no material
discrepancy was noticed on verification.
(b) No fixed asset was disposed off during the year.
(ii)-(a) As explained to us the stock of store and spare parts and raw
material have been physically verified by the Management during the
year In our opinion the frequency of verification is reasonable.
(b) In our opinion and according to the information and explanations
given to us the procedures of physical verification of stock 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.
There is nil stock of material with the company.
(iii) (a) The company has not granted any loans secured or unsecured to
the company ,firms and other parties covered in the register maintained
under section 301 of the Companies Act, 1956.
(b) The company has not taken any loans secured or unsecured to the
company, firms and other parties covered in the register maintained
under section 301 of the Companies Act, 1956.
(iv) There is adequate internal control systems commensurate with the
size of the company and the nature of its business for the purchase 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
major weakness in the internal control system.
(v) According to the register of Contracts maintained under section 301
of the Companies Act, 1956 examined by us ,there were no purchase of
goods and material or sales of goods , materials and services made in
pursuance of contracts or arrangement entered in therein and
aggregating during the current year to Rs.5,00,000 or more in respect
of each party
(vi) In our opinion and according to the information and explanation
given to us the company has not accepted any deposit from public in
terms of section 58 A, 58AA or any relevant provisions of the Rules,
1975 during the year.
(vii) In our opining the company has an internal audit system
commensurate with the size and the nature of its business.
(viii) According to the information and explanation given to us , the
Central government has exempted the maintenance of Cost Records under
section 209
(d) of the Companies Acct 1956 for the product manufactured by the
Company.
(ix) According to the records of the company ,P.F & ESI Rules and
Gratuity are not applicable.
(x) According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, wealth tax ,
service tax, sales tax, customs duty and excise duty and cess were in
arrears as at March,31,2011 for a period of more than six months from
date they become payable.
(xi) The company has accumulated losses which are less than fifty
percent of its net worth and has incurred cash losses during the
financial year covered by our audit and the immediate preceding
financial year.
(xii) The company has not obtained any term loan from the financial
Institution bank or debenture holders.
(xiii) In our opinion, the company is not a chit fund or a nidhi/mutual
benefit fund/ society. Therefore ,the provisions of clause 4 (xiii) of
the Companies (Auditor's 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. Accordingly the
provisions of clause 4(xiv) of the Companies (Auditor's Report)
Order,2003 are not applicable to the Company.
(xv) According to the information and explanations given to us, the
company has not given any guarantee for loans taken by others from bank
or financial institutions.
(xvi) The company has not obtained any term loans.
(xvii) In our opinion and according to the information and explanations
given to us and an overall examination of the Balance Sheet, we report
that no funds raised on short term basis have been used for long term
investment and vice versa.
(xviii) According to information and explanation given to us ,the
company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under section 301 of
the companies Act, 1956.
(xix) In our opinion and according to the information and explanations
given to us the company has not issued any secured debentures during
the period covered by our report.
xx) During the period covered by audit report, the Company has not
raised any money by public issues.
xxi) To the best our Knowledge and belief and according to the
information and explanations given to us, no fraud on or by the Company
has been noticed or reported during the year under audit.
For AC. Mehta& Co .
Chartered Accountants
(Manish Mehta) Proprietor
Membership 504641
Faridabad Dated 24th August,2011
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