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ఆడిటర్ నివేదిక Sanguine Media Ltd.
Mar 31, 2025
Your directors have pleasure in presenting their 30th Annual Report on the business and operations of the Company together with its Audited Accounts for the year ended March 31, 2025.
The highlights of the financial results of the Company for the financial year ended March 31, 2025 are as under:
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(Rs. In Lakhs) |
||
|
Particulars |
Year Ended |
|
|
31.03.2025 |
31.03.2024 |
|
|
Gross Sales/Income |
12.25 |
18.10 |
|
Depreciation |
0.00 |
0.00 |
|
Profit/(Loss) before Tax |
(15.98) |
(10.16) |
|
Taxes/ Deferred Taxes |
0.00 |
0.00 |
|
Income Tax paid for earlier years |
0.00 |
0.00 |
|
Exceptional Items |
0.00 |
(400.00) |
|
Profit/(Loss) After Exceptional Items and Taxes |
(15.98) |
(410.16) |
|
P& L Balance b/f |
(410.16) |
1,150.97 |
|
Profit/(Loss) carried to Balance Sheet |
(15.98) |
740.81 |
2. BRIEF DESCRIPTION OF THE COMPANYâS WORKING DURING THE YEAR/STATE OF COMPANYâS AFFAIR:
During the year under review the total income was Rs. 12.25 Lakhs as compared to Rs.18.10 Lakhs of the previous Year 2023-24. After making all necessary provisions for current year and after taking into account the current year net loss and total provisions for taxation, the Deficit carried to Balance Sheet is Rs15.98 Lakhs. The Promoters, Board of Directors and entire management team are putting their stern effort to achieve targeted turnover in the segment of projects.
3. CHANGE IN THE NATURE OF BUSINESS:
The Company is engaged in the Business of Film Production, Distribution & Exhibition.
4. CHANGE OF REGISTERED OFFICE:
During the year the company has not changed its Registered office.
During the year the company has not changed its name.
The Company has not borrowed loan from any Bank during the year under review.
The paid-up Equity Share Capital as on March 31, 2025 was Rs 11,41,00,000
A) Allotment of equity shares pursuant to conversion of convertible warrants:
During the year under review, the Company has not issued any equity/warrant during the year.
B) Issue of equity shares with differential rights:_
During the year under review, the Company has not issued any shares with differential voting rights.
C) Issue of sweat equity shares:
During the year under review, the Company has not issued any sweat equity shares.
D) Issue of employee stock options:
During the year under review, the Company has not issued any employee stock options.
E) Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees:
The Company has no scheme of provision of money for purchase of its own shares by employees or by trustees for the benefit of employees. Hence the details under rule 16 (4) of Companies (Share Capital and Debentures) Rules, 2014 are not required to be disclosed.
8. DIVIDEND:
The Board of Director of the company has not recommended dividend for the financial year 2024-25.
9. REPORT ON PERFORMANCE AND FINANCIAL POSITION OF SUBSIDIARIES. ASSOCIATES AND JOINT VENTURE COMPANIES:
The Company has no subsidiaries, Associates and Joint Venture Companies.
10. DIRECTORS AND KMP: a) Key Managerial Personnel:
The following are the Key Managerial Personnel of the Company.
|
Mr. Sanjay Sunderlal Mcena |
Managing Director |
|
b) Director: |
|
|
The following are the Director of the Company. |
|
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Mr. Aditya Suryavanshi |
Non-Executive-Independent Director |
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Mr. Akshay Nawal |
Non-Executive-Independent Director |
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Mrs. Gayatri C Gupta |
Non-Executive-Independent Director |
c) Appointment/Re-appointment:
⢠Pursuant to the provisions of Section 152 and other applicable provisions if any, of the Companies Act, 2013 Mr. Sanjay Sunderlal Meena, Director of the Company is liable to retire by rotation at the forthcoming Annual General Meeting and he is being eligible offers himself for re-appointment.
d) Changes in Directors and Key Managerial Personnel:
During the year no changes occurred in the Composition of Board Directors due to Appointments and Resignations of several Directors and KMP.
e) Declaration by an Independent Director(s) and reappointment, if any:
All Independent Directors have given declarations that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Independent Directors have complied with the Code of Conduct for Independent Directors prescribed in Schedule IV of the Companies Act, 2013 and the Code of conduct formulated by the Company as hosted on the Companyâs Website i.e., www.sanguinemedialtd.com
11. ANNUAL RETURN:
Pursuant to Sub-section 3(a) of Section 134 and Sub-section (3) of Section 92 of the Companies Act, 2013 read with Rule 12 of Companies (Management and Administration) Rules, 2014, the copy of the draft Annual Return of the Company for the Financial Year ended on March 31, 2025 in Form MGT-7 is uploaded on website of the Company and can be accessed at www.sanguinemedialtd.com
12. INVESTOR EDUCATION AND PROTECTION FUND (âIEPFâ)
A detailed disclosure with regard to the IEPF related activities undertaken by your Company during the year under review forms part of the Report on Corporate Governance.
13. NUMBER OF MEETINGS OF THE BOARD:
During the year the Board of Directors met six times (06). The details of the board meetings are provided in Corporate Governance Report.
|
28/05/2024 |
12/08/2024 |
06/09/2024, |
12/11/2024, |
13/12/2024 |
13/02/2025 |
14. DIRECTORSâ RESPONSIBILITY STATEMENT:
To the best of their knowledge and belief and according to the information and explanations obtained by them, your
Directors made the following statements in terms of Section 134(3) (c) of the Companies Act, 2013:
a. That in the preparation of the annual financial statements for the year ended March 31, 2025, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;
b. That such accounting policies have been selected and applied consistently and judgment and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2025 and of the profit of the Company for the year ended on that date;
c. That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d. That the annual financial statements have been prepared on a going concern basis.
e. That proper internal financial controls were in place and that the financial controls were adequate and were operating effectively;
f. That system to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.
15. DETAIL OF FRAUD AS PER AUDITORS REPORT:
There is no fraud in the Company during the Financial Year ended March 31, 2025. This is also being supported
by the report of the auditors of the Company as no fraud has been reported in their audit report for the financial
year ended March 31,2025.
16. BOARDâS COMMENT ON THE AUDITORSâ REPORT:
There were no qualifications, reservations or adverse remarks made by Auditors in their respective reports.
Observation made by the Statutory Auditors in their Report are self-explanatory and therefore, do not call for any
further comments under section 134(3)(f) of the Companies Act, 2013.
17. AUDITORS:
A. Statutory Auditors:
Pursuant to the provisions of section 139 of the Companies Act, 2013 and the Rules made there under, Ks Subramanyam & Company, Chartered Accountants, Mumbai, were appointed as the statutory auditor of the company in annual General Meeting held in the year 2024 and shall hold office up to the conclusion of Annual General Meeting held in the year 2029.
The observations and comments furnished by the Auditors in their report read together with the notes to Accounts are self-explanatory and hence do not call for any further comments under Section 134 of the Companies Act, 2013.
B. Secretarial Audit:
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Mr. Chirag Jain, Practicing Company Secretary, to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith and forms part of the Annual Report. The Secretarial Audit Report is annexed herewith as âAnnexure -Aâ.
Reply for qualification Remark in Secretarial Audit Report:
1. The Company has not published notice of meeting of the board of directors where financial results shall be discussed and financial results, as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Though the Company has not published notice for Financial Result, and financial result, the company has uploaded the same on Website of the company and also submitted to BSE Limited.
2. The Company did not have Company Secretary during the year.
The company has taken serious note of the same and complied with as on date of this Report.
3. The Company has not paid various penalties imposed under various regulation by BSE Limited.
The company is in the process of the same.
4. No Action has been taken by the company related to previous penalty and prosecution notice issued by various entity either by SEBI or by Stock Exchange, Management will responsible for True and Correctness of compliances and all matters, I am providing our Opinion on âas is where is Basis; subject to such information provided by management and its representative. We are unable to give our view on verification and examination of physically maintained proper book of records and other related, Documents and evidences of various meetings and attendance and other matters.
The company has taken serious note of the same and company is in process of the same.
5. The Company is suspended on due to non-payment of Annual Listing Fees of BSE Limited.
The company is in the process of the same.
6. The Company has not filled Annual Returns and Financial Result to ROC Chennai for continuous period of 3 Financial Years.
The company is in the process of the same.
7. Composition of Board of Directors is not as per Regulation 17 of SEBI (LODR) Regulations, 2015.
The company is in the process of the same to comply with the same.
8. The Company do not have Chief Financial Officer as per the Section 203 of Companies Act, 2013.
The company is in the process of the appointment of CFO.
18. TRANSFER TO RESERVES:
Out of the profits available for appropriation, no amount has been transferred to the General Reserve.
19. DEPOSITS:
The Company has not accepted or renewed any deposits during the year. There are no outstanding and overdue deposits as at March 31, 2025.
20. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
The Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.
21. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
The company has not entered into any contracts or arrangements with related party during the year under review.
22. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:
There are no significant material orders passed by the Regulators /Courts which would impact the going concern status of the Company and its future operations.
23. PROCEEDINGS UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016:
During the year under review, there were no proceedings that were filed by the Company or against the Company, which are pending (except the previous years which was already disclosed) under the Insolvency and Bankruptcy Code, 2016 as amended, before National Company Law Tribunal or other Courts.
24. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS:
During the year under review, there has been no one time settlement of loans from the Bank or Financial Institutions
25. BOARD EVALUATION:
Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and Compliance Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.
26. SEPARATE MEETING OF INDEPENDENT DIRECTORS
As per Schedule IV of the Companies Act, 2013 read with Section 149 and Secretarial Standard - 1 on Meetings of the Board of Directors, the Independent Directors of the Company hold at least one meeting in a year, without the attendance of Non-Independent Directors.
The Independent Directors Meeting was held on March 19, 2025. The Independent Directors, inter alia, discussed and reviewed performance of Non-Independent Directors, the Board as a whole, Chairperson of the Company and assessed the quality, quantity and timeliness of flow of information between the Companyâs management and the Board that is necessary for the Board to effectively and reasonably perform their duties.
In addition to formal meetings, frequent interactions outside the Board Meetings also take place between the
Independent Directors and with the Chairperson, and rest of the Board.
27. CORPORATE SOCIAL RESPONSIBILITY:
In terms of the provisions of Section 135 of the Act and Rule 9 of the Companies (Accounts) Rules, 2014, the Company has not required to formulate and implement any Corporate Social Responsibility Initiatives as the said provisions are not applicable to the Company during the year under review.
28. BUSINESS RISK MANAGEMENT:
The Company has laid down a Risk Management Policy and identified threat of such events which if occurs will adversely affect either / or, value to shareholders, ability of company to achieve objectives, ability to implement business strategies, the manner in which the company operates and reputation as âRisksâ. Further such Risks are categorized in to Strategic Risks, Operating Risks & Regulatory Risks. A detailed exercise is carried out to identify, evaluate, manage and monitoring all the three types of risks.
29. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. During the year under review, the company retained external audit firm to review its existing internal control system with a view of tighten the same and introduce system of self-certification by all the process owners to ensure that internal controls over all the key business processes are operative. The scope and authority of the Internal Audit (IA) function is defined in the Internal Audit Charter.
The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company and its subsidiaries. Based on the report of internal audit function, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant audit observations and corrective actions thereon are presented to the Audit Committee of the Board.
30. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:
The Company has adequate and proper internal financial controls with reference to the Financial Statements during the year under review.
31. VIGIL MECHANISM / WHISTLE BLOWER POLICY:
The Company has a vigil mechanism named Whistle Blower Policy to deal with instances of fraud and mismanagement, if any. The details of the Whistle Blower Policy is explained in the Corporate Governance Report and also posted on the website of the Company.
32. EMPLOYEE RELATIONS:
Employee relations throughout the Company were harmonious. The Board wishes to place on record its sincere appreciation of the devoted efforts of all employees in advancing the Companyâs vision and strategy to deliver good performance.
33. NOMINATION & REMUNERATION POLICY OF THE COMPANY:
The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy is stated in the Corporate Governance Report and is also available on the Companyâs website at www.sanguinemedialtd.com.
34. CORPORATE GOVERNANCE REPORT AND MANAGEMENT DISCUSSION & ANALYSIS REPORT:
The Company has been proactive in the following principles and practices of good corporate governance. A report in line with the requirements of Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 the report on Management Discussion and Analysis and the Corporate Governance practices followed by the Company and the Auditors Certificate on Compliance of mandatory requirements are given as an âAnnexure B & Câ respectively to this report.
Your Company is committed to the tenets of good Corporate Governance and has taken adequate steps to ensure that the requirements of Corporate Governance as laid down in Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are complied with.
As per 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Stock Exchanges, the Corporate Governance Report, Management Discussion and Analysis and the Auditorâs Certificate regarding compliance of conditions of Corporate Governance are attached separately and form part of the Annual Report.
35. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
During the year conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of the Companies (Accounts) Rules, 2014, is nil.
36. MATERIAL CHANGES AND COMMITMENTS. IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:
There are no material changes and commitments, affecting the financial position of the Company which has occurred between the end of financial year as on 31st March, 2025 and the date of Directorâs Report.
The table containing the names and other particulars of employees in accordance with the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided as âAnnexure- Dâ to the Boardâs report.
None of the employees of the Company drew remuneration of Rs.1,02,00,000/- or more per annum and Rs.8,50,000/- or more per month during the year. No employee was in receipt of remuneration during the year or part thereof which, in the aggregate, at a rate which is in excess of the remuneration drawn by the managing director or whole- time director or manager and holds by himself or along with his spouse and dependent children, not less than two percent of the equity shares of the company. Hence, no information is required to be furnished as required under Rule, 5(2) and 5(3) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
38. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT. 2013:
The Company has zero tolerance for sexual harassment at workplace and has adopted a policy against sexual harassment in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed there under.
During the financial year 2024-25, the company has not received any complaints on sexual harassment and hence no complaints remain pending as of March 31, 2025.
39. MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT ACT 1961:
The Company declares that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid maternity leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and
supportive work environment that upholds the rights and welfare of its women employees in accordance with applicable laws.
The Directors State that applicable Secretarial Standards - 1, 2, 3 and 4 issued by the Institute of Company secretaries of India relating to âMeetings of the Board of Directorsâ and General Meetingsâ and âReport of the Board of Directorsâ respectively, have been duly followed by the Company.
41. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF THE COMPANIES ACT 2013:
The Company has used accounting software for maintaining its books of account for the financial year ended March 31, 2025 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the statutory requirements for record retention is not applicable for the financial year ended 31st March, 2025.
42. PREVENTION OF INSIDER TRADING:
In January 2015, SEBI notified the SEBI (Prohibition of Insider Trading) Regulation, 2015 which came into effect from May, 2015. Pursuant thereto, the Company has formulated and adopted a new code for Prevention of Insider Trading.
The New Code viz. âCode of Internal Procedures and Conduct for regulating, Monitoring and reporting of Trading by Insidersâ and âCode of Practices and Procedures for fair Disclosure of Unpublished price Sensitive Informationâ has been framed and adopted. The Code requires pre-clearance for dealing in the Companyâs shares and prohibits purchase or sale of Company shares by the Directors and designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Company is Responsible for implementation of the Code.
Your Directors acknowledge thanks ton to the various Central and State Government Departments, Organizations and Agencies for the continued help and co-operation extended by them. The Directors also gratefully acknowledge all stakeholders of the Company viz. customers, members, dealers, vendors, banks and other business partners for the excellent support received from them during the year. The Directors place on record their sincere appreciation to all employees of the Company for their unstinted commitment and continued contribution to the Company.
Mar 31, 2024
We have audited the accompanying standalone financial statements of Sanguine Media Limited
("the Company"), which comprise the Balance Sheet as at March 31, 2024, and the Statement of
Profit and Loss (including Other Comprehensive Income), the Cash Flow Statement and the
Statement of Changes in Equity for the year then ended on that date (hereinafter referred to as the
"standalone financial statements"), and a summary of significant accounting policies and other
explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid standalone financial statements give the information required by the Companies Act, 2013
("the Act") in the manner so required and give a true and fair view in conformity with the Indian
Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian
Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles
generally accepted in India, of the state of affairs of the Company as at March 31 2024, and its Loss,
total comprehensive income, its cash flows and the changes in equity for the year ended.
Basis for Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards
on Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those
Standards are further described in the Auditor''s Responsibility for the Audit of the Standalone
Financial Statements section of our report. We are independent of the Company in accordance with
the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the
ethical requirements that are relevant to our audit of the standalone financial statements under the
provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the ICAI''s Code of Ethics. We believe
that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit
opinion on the standalone financial statements.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance
in our audit of the financial statements of the current period. These matters were addressed in the
context of our audit of the financial statements as a whole, and in forming our opinion thereon, and
we do not provide a separate opinion on these matters.
Information Other than the Financial Statements and Auditor''s Report Thereon
The Company''s Board of Directors is responsible for the other information. The other information
comprises the information included in the Management Discussion and Analysis and Board''s Report
including Annexures to Board''s Report, but does not include the standalone financial statements
and our auditor''s report thereon. Our opinion on the standalone financial statements does not cover
the other information and we do not express any form of assurance conclusion thereon. In
connection with our audit of the standalone financial statements, our responsibility is to read the
other information and, in doing so, consider whether the other information is materially
inconsistent with the standalone financial statements or our knowledge obtained during the course
of our audit or otherwise appears to be materially misstated. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Management''s Responsibility for the Standalone Financial Statements
The Company''s Board of Directors is responsible for the matters stated in section 134(5) of the Act
with respect to the preparation of these standalone financial statements that give a true and fair
view of the financial position, financial performance including other comprehensive income, cash
flows and changes in equity of the Company in accordance with the Ind AS and other accounting
principles generally accepted in India.
This responsibility 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 standalone financial statement that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial statements, management is responsible for assessing the
Company''s ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless management either intends to
liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company''s financial reporting
process.
Auditor''s Responsibility for the Audit of the Standalone Financial Statements
Our objectives are to obtain reasonable assurance about whether the standalone financial
statements as a whole are free from material misstatement, whether due to fraud or error, and to
issue an auditor''s report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these standalone financial
statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
⢠Identify and assess the risks of material misstatement of the standalone financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
⢠Obtain an understanding of internal financial control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act,
we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls system in place and the operating effectiveness of such controls.
⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the management.
⢠Conclude on the appropriateness of management''s use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the Company''s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw
attention in our auditor''s report to the related disclosures in the standalone financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of our auditor''s report. However, future
events or conditions may cause the Company to cease to continue as a going concern.
⢠Evaluate the overall presentation, structure and content of the standalone financial statements,
including the disclosures, and whether the standalone financial statements represent the
underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the standalone financial statements that,
individually or in aggregate, makes it probable that the economic decisions of a reasonably
knowledgeable user of the standalone financial statements may be influenced. We consider
quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in
evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in
the standalone financial statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters
that were of most significance in the audit of the standalone financial statements of the current
period and are therefore the key audit matters. We describe these matters in our auditor''s report
unless law or regulation precludes public disclosure about the matter or when, in extremely rare
circumstances, we determine that a matter should not be communicated in our report because the
adverse consequences of doing so would reasonably be expected to outweigh the public interest
benefits of such communication.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143(3) of the Act, based on our audit we report, that:
a) We have sought and obtained all the information 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 account as required by law have been kept by the Company so
far as it appears from our examination of those books.
c) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income,
the Cash Flow Statement and Statement of Changes in Equity dealt with by this Report are in
agreement with the books of account.
d) In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified
under Section 133 of the Act.
e) On the basis of the written representations received from the directors as on March 31, 2024
taken on record by the Board of Directors, none of the directors is disqualified as on March 31,
2024 from being appointed as a director in terms of Section 164(2) of the Act.
f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in
"Annexure A". Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company''s internal financial controls over financial reporting.
g) With respect to the other matters to be included in the Auditor''s report in accordance with the
requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our
information and according to the explanations given to us, the remuneration paid / provided
by the Company to its director''s during year is in accordance with the provisions of Section 197
of the Act.
h) With respect to the other matters to be included in the Auditor''s Report in accordance with
Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to
the best of our information and according to the explanations given to us:
I. The Company has disclosed the impact of pending litigations on its financial position in its
standalone financial statements.
II. The Company did not have any long-term contracts including derivative contracts for which there
were any material foreseeable losses.
III. There were no amounts which were required to be transferred, to the Investor Education and
Protection Fund (IEPF) by the Company
IV. (a) The Management has represented that, to the best of its knowledge and belief, other than as
disclosed in notes to accounts, no funds (which are material either individually or in the
aggregate) have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds) by the Company to or in any other person or
entity, including foreign entity (''Intermediaries'') with the understanding, whether recorded in
writing or otherwise, that the intermediary shall, whether directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Company
(''Ultimate Beneficiaries'') or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.
(b) The Management has represented that, to the best of its knowledge and belief, no funds
(which are material either individually or in the aggregate) have been received by the Company
from any person or entity, including foreign entity (''Funding Parties'') with the understanding,
whether recorded in writing or otherwise, that the Company shall, whether directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf
of the Funding Party (''Ultimate Beneficiaries'') or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.
(c) Based on the audit procedures that have been considered reasonable and appropriate in the
circumstances, nothing has come to our attention that has caused us to believe that the
representations under sub-clause (i) and (ii) of Rule 11 (e) as provided under (a) and (b) above,
contain any material misstatement.
V. The company has not declared or paid any dividend during the year in contravention of the
provisions of section 123 of the Companies Act, 2013.
VI. Based on our examination, which included test checks, the Company has used accounting
Software''s for maintaining its books of account for the financial year ended March 31, 2024,
which has a feature of recording audit trail (edit log) facility and the same has operated
throughout the year for all relevant transactions recorded in the software''s. Further, during our
audit we did not come across any instance of the audit trail feature being tampered with.
As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023,
reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation
of audit trail as per the statutory requirements for record retention is not applicable for the
financial year ended March 31, 2024.
2. As required by the Companies (Auditor''s Report) Order, 2020 ("the Order") issued by the
Central Government in terms of Section 143(11) of the Act, we give in "Annexure B" a
statement on the matters specified in paragraphs 3 and 4 of the Order.
For MOHANDAS & CO.
Chartered Accountants
FRN No: 106529W
SD/-
CA. Belle Mohandas Shetty
Proprietor
Membership No. 031256
UDIN: 24031256BKADPK3609
Place: Chennai
Date: 28th May, 2024
Mar 31, 2015
We have audited the accompanying financial statements of SANGUINE MEDIA
LIMITED("the Company"), which comprise the Balance Sheet as at
31stMarch, 2015, the Statement of Profit and Loss and the cash flow
statement for the year then ended, and a summary of the significant
accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the matters stated
in Section 134(5) of the Companies Act, 2013 ("the Act") with respect
to the preparation and presentation 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 the
accounting principles generally accepted in India, including the
Accounting Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies(Accounts) Rules, 2014. This responsibility also
includes maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding of 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 misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We have taken into 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 thereunder.
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 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
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 a
true and fair view in order to design audit procedures that are
appropriate in the circumstances. But not for the purpose of expressing
an opinion on whether the Company has in place an adequate internal
financial controls system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness
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
appropriate to provide a basis for our audit opinion on the financial
statements.
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, o f the state of affairs of the Company as
at 31stMarch, 2015, and its profit and its cash flow 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 exercise of power
conferred by sub section 11 of section 143 of the Act, we enclose in
the Annexure a statement on the matters specified in paragraphs 3 and 4
of the Order, to the extent applicable.
2. As required by Section 143 (3) of the Act, we report that:
a) We have sought and obtained all the information 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 account as required by law have been
kept by the Company so far asit appears from our examination of those
books.
c) the Balance Sheet, the 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 aforesaid 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 31st March, 2015taken on record by the Board of
Directors, none of the directors is disqualified as on31stMarch, 2015
from being appointed as a director in terms of Section 164 (2) of the
Act; and
f) With respect to the other matters to be included in the Auditor's
Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and
according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its
financial position in its financial statements.
ii. The Company did not have any long-term contracts including
derivative contracts for which there were any material foreseeable
losses.
iii. There were no amount which were required to be transferred, to
the Investor Education and Protection Fund by the Company.
The Annexure referred to in our Independent Auditor's Report to the
members of the Company on the financial statements for the year ended
31st March 2015, we report that:
(i) (a) The company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets;
(b) The Company has a regular programme of physical verification of its
fixed assets and have been physically verified by the management at
reasonable intervals during the year and no material discrepancies have
been noticed on such verification. In our opinion, this periodicity of
physical verification is reasonable having regard to the size of the
Company and the nature of its assets.
(ii) (a) As per the information and explanations given to us, the
inventories have been physically verified by the management at
reasonable intervals during the year.
(b) In our opinion and as per the information and explanations given to
us, procedures of physical verification of inventory followed by the
management are reasonable and adequate in relation to the size of the
Company and nature of its business.
(c) The Company is maintaining proper records of inventories. In our
opinion, discrepancies noticed on physical verification of inventory
were not material in relation to the operations of the Company and the
same have been properly dealt with in the books of account.
(iii) The company has not granted any loans, secured or unsecured to
companies, firms or other parties covered in the register maintained
under section 189 of the Companies Act, 2013 ('the Act')
(iv) In our opinion and according to the information and explanations
given to us, there is an adequate internal control system commensurate
with the size of the company and the nature of its business, for the
purchase of inventory and fixed assets and for the sale of inventory,
goods and services. During the course of our audit, we have not
observed any major weakness in the internal control system.
(v) The Company has not accepted any deposits from the public within
the meaning of section 73 of the Act and the rules framed there under.
(vi) In our opinion, maintenance of cost records has been specified by
the Central Government under sub-section (1) of section 148 of the
Companies Act, are not applicable to the Company.
(vii) (a) According to the information and explanation 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, Wealth tax, Sales tax, Service tax, Excise duty, Value
added tax, cess, Professional tax and other material statutory dues
have 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, Sales tax, Excise duty, Value added tax,
Wealth tax, Cess, Professional tax were in arrears as at March 31, 2015
for a period of more than six months from the date they became payable.
(b) According to the information and explanation given to us, there are
no material dues of income tax or sales tax or wealth tax or service
tax or duty of customs or duty of excise or value added tax or cess
have not been deposited on account of any dispute.
(c) According to the information and explanations given to us and on
the basis of our examination of the records of the Company, there were
no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company, accordingly the
provisions of clause 3(vii c) of the Order are not applicable to the
Company.
(viii) The Company's accumulated losses at the end of the financial
year are less than fifty percent of its net worth. The Company has not
incurred any cash losses in the current financial year and in the
immediately preceding financial year.
(ix) According to the information and explanations given to us, the
Company does not have any borrowings from any financial institution or
bank and does not issued any debentures as at the balance sheet date,
accordingly the provisions of clause 3(9) of the order are not
applicable to the company.
(x) In our opinion and according to the information and the
explanations given to us, the company has not given any guarantee for
loans taken by others from bank or financial institutions.
(xi) In our opinion and according to the information and the
explanations given to us, the Company has not raised any term loans,
according the provision of clause 3(11) are not applicable.
(xii) According to the information and explanations given to us, no
material fraud on or by the company has been noticed or reported during
the course of our audit.
For A. K. RAJAGOPALAN & Co.
Chartered Accountants
Firm Regd. No. 003405S
Sd/-
CA. T. R. ASHOK
Partner
Membership No: 026133
Place: Chennai
Dated: 29.05.2015
Mar 31, 2014
1. We have audited the accompanying financial statements of the M/s
Sanguine Media Limited which comprise the Balance Sheet as at 31st
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:
2. Management is responsible for the preparation of these financial
statements in accordance with the Accounting Standards referred to In
sub-section (3C) of section 211 of the Companies Act, 1956 ("the Act").
This responsibility includes the design, implementation and maintenance
of internal control relevant to the preparation of the financial
statements that are free from material misstatement, whether due to
fraud or error.
Auditor''s Responsibility:
3. 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.
4. An audit involves performing procedures to obtain audit evidence
about the amounts arid disclosures in the financial statement. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risk of material misstatement of the Financial
New No : 41, Old No : 27, 3rd Block, 1st Floor, Sundareswarar Street,
Myiapore, Chennai - 600 004 Tel : 044 - 42033481/3297 6834,
Fax : 044 - 4211 0252. E-Mail : [email protected]
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 tile 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.
5. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Opinion:
6. 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:
(i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31st March, 2014;
(ii) in the case of the Profit and loss Account the Profit for the year
ended on that date
(iii) in the case of Cash Flow Statement for the year ended on that
date Report on Other Legal and Regulatory Matters:
7. As required by the Companies (Auditor''s Report) Order, 2003 issued
by the Central Government of India in terms of Section 227(4A) of the
Companies Act 1956, we annex hereto a statement on the matters
specified in paragraphs 4 and 5 of the said order.
8. 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, 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,
comply with the Accounting Standards referred to in subsection (3C) of
section 211 of the Companies Act. 1956;
e) On the basis of written representations received from the directors
as on March 31, 2014, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 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 AUDITOR''S REPORT
(Referred to in paragraph 3 of our report of even date)
M/s Sanguine Media Limited
(Annexure to Auditor''s Report)
(i) The Company has maintained proper records showing full particulars
including Quantitative details and situation of fixed assets.
a. All the assets have not been physically verified by the management
during the year but there is verification on regular basis 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) The Company has not granted any loan unsecured/secured from firms
or other parties covered in the register maintained under section 301
of the Companies Act, 1956.
(iii) In our opinion there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of commercial advertisement time and
fixed assets and also sale of commercial advertisement time.
During the course of audit, we have not observed any continuing failure
to correct major weakness in internal control.
(iv) In our opinion there are no transactions that need to be entered
in the register maintained in pursuance section 301 of the Companies
Act, 1956 and hence items (a) and (b) of clause (v) to paragraph 4 of
the order not applicable.
(v) The company has not accepted any deposits from the public within
the preview of Reserve Bank of India and the provisions of sections
58A, 58AA or any other relevant provisions of Companies Act, 1956 and
the rules framed there under.
(vi) In our opinion, the company has an adequate internal audit system
commensurate with the size and nature of its business
(vii) The Central Government has not prescribed the maintenance of cost
records by the company under section 209(1) (d) of the Companies Act,
1956
(viii) a. According to the information and explanation given to us. and
on the basis of our examination of books of account, the provision of
Provident Fund, Investor Education and Protection Fund, Employees State
Insurance, Income tax, Sales Tax, Wealth-tax, Service Tax, Custom Duty,
Excise Duty, cess and other material statutory dues applicable to the
company with appropriate authorities, during the financial year ended
31st march 2014
b. There are no dues of Income-tax, Sales Tax, Wealth-tax, Service Tax,
Custom Duty, Excise Duty and Cess, which are outstanding as on 31st
March 2014 for a period of more than six months from the date they
become payable.
(ix) The company has no accumulated losses as at the end of 31st March
2014. The company has not incurred cash loss during the financial year
ended 31st March 2014 and in the financial year immediately preceding
year ended 31st March 2013
(x) The company has not defaulted in repayment of dues to a financial
institution, bank or debenture holders.
(xi) During the year under review, the company has not granted any
Loans and Advances on the basis of securities by way of pledge of
shares, debentures and other securities.
(xii) The company is not a chit fund or a Nidhi mutual benefit
fund/society. Therefore, the provisions of clause (xiii) to paragraph 4
of the Companies (Auditor''s Report) Order, 2003 are not applicable to
the company.
(xiii) According to the information and explanations given to us the
company is not dealing or trading in shares, securities, debentures,
and other securities. Accordingly, the provisions of clause (xiv) to
paragraph 4 of the order not applicable.
(xiv) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xv) The company has not obtained any term loans. Therefore, the
provisions of clause to paragraph 4 of the order are not applicable.
Based on our verification of the books of accounts, the information and
explanations given to us, in this regard and on the overall examination
of the balance sheet of the company we are of the view that the funds
raised on short term basis by the company have not been utilized for
long term purpose and vice versa.
(xvi) During the year under review, the company has made preferential
allotment of shares to parties and companies covered in the register
maintained under section 301 of the companies Act 1956.
(xvii) The company has not issued any debentures during the year under
review.
(xviii) The company has not raised any money by way of public issue.
(xix) Based on our verification of Books of account and other relevant
records and based on the information and explanations given to us, we
have not noticed or reported any fraud on or by the Company during the
year under review.
For A.K. RAJAGOPALAN & CO.
Chartered Accountants
Sd/-
CA T.R. ASHOK
PARTNER
Place: CHENNAI Membership Number: 026133
Date: 30.05.2014 Firm Registration Number: 003405S
Mar 31, 2013
Report on the Financial Statements:
1. We nave audited the accompanying financial statements of the
Sanguine Media Limited which comprise the Balance Sheet as at 31st
March, 2013 and the Statement of Profit and Loss for (tie year then
ended, and a summary of significant accounting policies and other
explanatory information.
Management''s Responsibility for the Financial Statements:
2. Management is responsible for the preparation of these financial
statements in accordance with the Accounting Standards referred to in
sub-section (3CJ of section 211 of the Companies Act, 195S ("the Acf").
This responsibility includes the design, implementation and maintenance
of internal control relevant to the preparation of the financial
statements that are free from material misstatement, whether due to
fraud or error.
Auditor''s Responsibility:
3. 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.
4. 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 appropnate 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 welt as evaluating the overall
presentation of the financial statements.
5 We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion;
6. 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''
(i) in the case of the Balance Sheet, of the state of affairs of the
Company as at 31 st March. 2013,
(ii) in the case of the Profit and Loss Account the Profit for the year
ended on that date
(iii) in the case of Cash Flow Statement for the year ended on that
date Report on Other Legal and Regulatory Vatters:
7. As required by the Companies (Auditor''s Report) Order. 2003 issued
by the Central Government of India in terms of Section 227(4A} of the
Companies Act 1956. we annex hereto a statement on the matters
specified in paragraphs 4 and 5 of the said order
B. As required by section 227(3) of the Act, we report thai:
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 taw 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, 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,
comply with the Accounting Standards referred to in subsection (3C) of
section 211 of the Companies Act, 1956;
e} On the basis of written representations received from the directors
as on March 31, 2013, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2013, 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 AUDITOR''S REPORT
(Referred to In paragraph 2 of our report of even date) M/s Sanguine
Media Limited (Annexureto Auditor''s Report)
(i) The Company has maintained proper records showing full particulars
including Quantitative details and situation of fixed assets.
a. All the assets have not been physically verified by the management
during the year but there is vesication on regular basis 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)The Company has not granted any loan unsecuredysecured from firms
or other parties covered in the register maintained under section 301
of the Companies Act, 1956.
(iii) In our opinion there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of commercial advertisement time and
fixed assets and also sale of commercial advertisement time.
During the course of audit, we have not observed any continuing failure
to correct major weakness in internal control.
(iv) !n our opinion there are no transactions that need to be entered
in the register maintained in pursuance section 301 of the Companies
Act. 1956 and hence items (a) and (b) oF clause (v) to paragraph 4 of
the order not applicable
(v) The company has not accepted any deposits from the public within
the preview of Reserve Bank of India and the provisions of sections
58A, 58AA or any other relevant provisions of Companies Act. 1956 and
the rules framed there under.
(vi) In our opinion, the company has an adequate internal audit system
commensurate with the size and nature of its business
(vii) The Central Government has not prescribed the maintenance of cost
records by the company under section 209(1 }(d) of the Companies Act,
1956
(viii)
a. According to the information and explanation given to us, and on
the basis of our examination of books of account, the provision of
Provident Fund, Investor Education and Protection Fund. Employees State
Insurance, income tax. Sales Tax, Wealth-tax. Service Tay. Custom Duty.
Excise Duty, cess and other material statutory dues applicable to the
company with appropriate authorities, during the financial year ended
31" march 2013
b. There are no dues of Income-tax Sales Tax. Wealth-tax. Service
Tax,. Custom Duty, Excise Duty and Cess, which are outstanding as on
31i1 March 2013 for a period of more than six months from the date they
become payable.
(ix) The company has no accumulated losses as at the end of 31S1 March
2013. The company has not incurred cash loss during the financial year
ended 31* March 2013 and in the financial year immediately preceding
year ended 31" March 2013.
(x} The company has not defaulted in repayment of dues to a financial
institution, bank or debenture holders.
(xl) During the year under review, the company has not granted any
Loans and Advances on the basis of securities by way of pledge of
shares, debentures and other securities.
(xii) The company is not a chrl fund or a Nidhi mutual benefit
fund/society. Therefore, the provisions of clause {xiii} to paragraph 4
of the Companies (Auditor''s Report) Order. 2003 are not applicable to
the company.
(xiii) According to the information and explanations given to us the
company is not dealing or trading in shares, securities, debentures,
and other securities. Accordingly, the provisions of clause (xiv) to
paragraph A of the order not applicable.
(xiv) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions
(xv) The company has not obtained any term loans Therefore, the
provisions of clause to paragraph A of the order are not applicable.
Based on our verification of the books of accounts, the information and
explanations given to us, in this regard and on the overall examination
of the balance sheet of the company we are of the view that the funds
raised on short term basis by the company have not been utilized for
long term purpose and vice versa. (xvl} During the year under review,
the company has made preferential allotment of shares to parties and
companies covered in the register maintained under section 301 of the
companies Act 1956.
(xvii) The company has not issued any debentures during the year under
review.
(xviil) The company has not raised any money by way of public issue.
(xtx) Based on our verification of Books of account and other relevant
records and based on the information and explanations given to us. we
have not noticed or reported any fraud on or by the Company during the
year under review.
For A.K.RAJAGOPALAN & CO.,
Chartered Accountants
CAT.R.ASHOK
PARTNER
Place: CHENNAI Membership Number 026133
Date: 38/0^2013 Firm Registration Number: G03405S
Mar 31, 2012
Report on the Financial Statements
We have audited the accompanying financial statements of Sanguine Media
Limited (the "Company " ) , which comprise the Balance Sheet as at
March 31 , 2013, and the statement of profit and Loss and Cash Flow
Statement for the year ended, and a summary of significant accounting
policies and other explanatory information , which we have signed under reference to this report.
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 flows of the Company
in accordance with the Accounting Standards referred to in sub-section
( 3C) of section 211 of the companies Act, 1956 of India ( the " Act
"). 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 auditors ''judgment, including the assessment
of the risks of material misstatement of the financial statements,
whether due to fraud or error. In making those risk assessment, the
auditors 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 circumstance. 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 accompanying 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 , 2013 :
(b) In the case of the statement of profit and Loss , of the loss 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
As required by '' the companies ( Auditor ''s Report ) Order, 2003
'' , as amended by '' the companies ( Auditor ''s Report ) (
Amendment ) Order , 2004 , issued by the central Government of India in
terms of sub-section ( 4A) of section 227 of the Act ( hereinafter
referred to as the " Order " ) , and on the basis of such checks of
the books and records of the company as we considered appropriate and
according to the information and explanations given to us , we give in
the Annexure a statement on the matters specified in paragraphs 4 and 5
of the Order.
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 dealt with by this report comply with the
Accounting Standards referred to in sub- section (3C) of section 211 of
the Companies Act, 1956:
(e) On the basis of written representations received from the directors
as on March 31 , 2013 , and taken on record by the Board of Directors ,
none of the directors is disqualified as on March 31 , 2013 , from
being appointed as a director in terms of clause ( g) of sub- section
(1) of section 274 of the Companies Act, 1956.
Annexure referred to in the Auditors'' Report to the Members of
M/S.KAVERI SEED COMPANY LIMITED for the year ended 31st March 2013. We
report that:
i. a. The Company has maintained proper records, showing full
particulars, including quantitative details and situation of fixed
assets.
b. The management has conducted the physical verification of fixed
assets during the year.
c. The Company has not disposed off substantial part of the fixed
assets during the year under audit.
ii. a. The inventory has been physically verified during the year by
the management. In our opinion, the 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. The company is maintaining proper records of inventory. The
discrepancies noticed on verification between the physical stocks and
the book records were not material and the same have been properly
dealt with in the books of the account.
iii. a. The Company has not taken any loan, secured or unsecured from
companies, firms or other parties covered in the register maintained
u/s 301 of the Companies Act, 1956.
b. The company has granted interest free unsecured short-term loan to
its Subsidary M/s. Kexveg India Pvt Ltd, covered in the register
maintained u/s 301 of the Companies Act,1956. The maximum amount
involved during the year and the year end balance of loan paid to such
party was Rs. 494.28Lakhs.
iv. a. In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to the purchases of inventory, fixed assets and
with regard to the sale of goods.
During the course of audit, we have not observed any continuing failure
to correct major weaknesses in internal controls.
v. a. According to the information and explanations given to us, we
are of the opinion that the transactions that need to be entered in the
register maintained u/s.301 of the Companies Act, 1956 have been so
entered.
b. In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements entered in the register maintained u/s.301 of the
Companies Act, 1956 and exceeding the value of Rs. 5 Lakhs in respect
of any party during the period have been made at prices, which are
reasonable, having regard to prevailing market prices at the relevant
time.
vi. The Company has not accepted deposits from the public governed by
Section 58A and 58AA of the Companies Act, 1956 for the year under
reference.
vii. In our opinion the Company has internal audit system commensurate
with the size and nature of its business.
viii. The Central Government has prescribed maintenance of Cost
Records under Section 209 (1) (d) of the Companies Act, 1956, in
respect of its products produced during the year. We are of the opinion
that, prima facie, the prescribed accounts and records are properly
prepared and maintained. We have not, however, carried out detailed
examination of the same.
ix. a. The Company is regular in depositing with appropriate
authorities undisputed statutory dues, including provident fund,
employees'' state insurance, income tax, sales tax, wealth tax, customs
duty, cess and other material statutory dues as applicable to it.
b. According to the information and explanations given to us no
undisputed amounts payable in respect of income tax, wealth tax, sales
tax, customs duty, and cess were in arrears, as at 31st March, 2013 for
a period of more than six months from the date they became payable.
c. According to the information and explanations given to us, there
are no dues of sales tax, income tax, wealth tax which have not been
deposited on account of any dispute.
x. The Provisions of Clause 4(x) of the Companies (Auditors'' Report)
Order, 2003 are not applicable to the Company, since the Company has no
accumulated losses at the end of the financial year and has not
incurred cash losses during the financial year.
xi. In our opinion and according to the information and explanations
given to us, the Company has not defaulted in repayment of dues to
financial institutions and Bank.
xii. In our opinion and according to the information and explanations
given to us, the company has not granted any loans and advances on the
basis of security by way of pledge of shares, debentures and other
securities.
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 (Auditors'' Report) Order, 2003 are not applicable to
the Company.
xiv. In our opinion, 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. In our opinion and 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. In our opinion, the term loans have been applied for the purpose
for which they were obtained.
xvii. According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that the no funds raised on short-term basis have been used for
long-term assets except permanent working capital.
xviii. According to the information and explanations given to us, the
company has not made any preferential allotment of shares to the
parties and companies covered in the register maintained under u/s 301
of the companies act 1956.
xix. The Company has not issued any debentures. Accordingly, the
provisions of clause 4(xix) of the Companies (Auditor''s Report)
Order, 2003 are not applicable to the Company.
xx. The company has not raised any money by public issue during the
year.
xxi. According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
For ak raj Gopal &co
Charted Account
CA T R Ashok
Partner
FRN 03340055
MRN 026133
Mar 31, 2011
We have audited the attached Balance Sheet of SANGUINE MEDIA LIMITED as
at 31st March, 2011 and also the profit and loss account for the year
ended on that date annexed thereto. These financial statements are the
responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally
accepted in India. Those Standards require that we plan and perform the
audit to obtain reasonable assurance about whether financial statements
are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statement. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
As required by the other Companies (Auditor's Report) Order, 2003
issued by the Central Government of India in terms of subsection (4A)
of section 227 of the Companies Act, 1956, we enclose in the annexure a
statement on the matters specified in paragraphs 4 and 5 of the said
order.
Further to our comments in the Annexure referred to above, 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 as far as appears from our examination of
those books.
c. The balance sheet and profit and loss account dealt with by this
report are in agreement with the books of account.
d. In our opinion, the balance sheet and profit and loss account dealt
with by this report comply with the Accounting Standards referred to in
sub-section (3C) of section 211 of the Companies Act, 1956.
e. On the basis of written representations received from the Directors
as on 31st March 2011 and taken on record by the Board of Directors, we
report that none of the directors is disqualified as on 31st March 2011
from being appointed as a director under section 274(1) (g) of the
Companies Act 1956.
f. 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 Companies Act, 1956 in the manner so required and give
a true and fair view in conformity with the accounting principles
generally accepted in India.
i. In the case of the balance sheet of the state of affairs of the
Company as at 31st March, 2011 And
ii. In the case of the profit and loss account, of the Loss for the
year ended that date; and
iii. In the case of Cash flow statement, of the cash flows for the year
ended on that date.
Annexure to Auditor's Report
(i) The Company has maintained proper records showing full particulars
including Quantitative details and situation of fixed assets.
a. All the assets have not been physically verified by the management
during the year but there is of verification on regular basis 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) As the company is a service company, engaged in the field of Media
services clause (ii) to paragraph 4 of the order is not applicable.
(iii) The Company has not granted any loan unsecured/secured to firms
or other parties covered in the register maintained under section 301
of the Companies Act, 1956.
(iv) In our opinion there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of commercial advertisement time and
fixed assets and also sale of commercial advertisement time.
During the course of audit, we have not observed any continuing failure
to correct major weakness in internal control.
(v) In our opinion there are no transactions that need to be entered in
the register maintained in pursuance section 301 of the Companies Act,
1956 and hence items (a) and (b) of clause (v) to paragraph 4 of the
order not applicable.
(vi) The company has not accepted any deposits from the public with in
the preview of Reserve Bank of India and the provisions of sections
58A, 58AA or any other relevant provisions of Companies Act, 1956 and
the rules framed there under.
(vii) In our opinion, the company has an adequate internal audit system
commensurate with the size and nature of its business.
(viii) The Central Government has not prescribed the maintenance of
cost records by the company under section 209(1 )(d) of the Companies
Act, 1956
(ix) (a) According to the information and explanation given to us, and
on the basis of our examination of books of account, the provision of
Provident Fund, Investor Education and Protection Fund, Employees State
Insurance, Income tax, Sales Tax, Wealth-tax, Service Tax, Custom Duty,
Excise Duty, cess and other material statutory dues applicable to the
company with appropriate authorities, during the financial year ended
31st march 2011.
(b) There are no dues of Income-tax, Sales Tax, Wealth- tax, Service
Tax, Custom Duty, Excise Duty and Cess, which are outstanding as on
31st March 2011 for a period of more than six months from the date they
become payable.
(x) The company has no accumulated losses as at the end of 31st march
2011. The company has not incurred cash loss during the financial year
ended 31st march, 2011 and in the financial year immediately preceding
year ended 31stmarch 2010.
(xi) The company has not defaulted in repayment of dues to a financial
institution, bank or debenture holders.
(xii) During the year under review, the company has not granted any
Loans and Advances on the basis of securities by way of pledge of
shares, debentures and other securities.
(xiii) The company is not a chit fund or a Nidhi mutual benefit fund/
society. Therefore, the provisions of clause (xiii) to paragraph 4 of
the Companies (Auditor's Report) Order, 2003 are not applicable to
the company.
(xiv) According to the information and explanations given to us the
company is not dealing or trading in shares, securities, debentures,
and other securities. Accordingly, the provisions of clause (xiv) to
paragraph 4 of the order not applicable.
(xv) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xvi) The company has not obtained any term loans. Therefore, the
provisions of clause to paragraph 4 of the order are not applicable.
Based on our verification of the books of accounts, the information and
explanations given to us, in this regard and on the overall examination
of the balance sheet of the company we are of the view that the funds
raised on short term basis by the company have not been utilized for
long term purpose and vice versa.
(xvii) During the year under review, the company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under section 301 of the companies Act 1956.
(xviii) The company has not issued any debentures during the year under
review.
(xix) The company has not raised any money by way of public issue.
(xx) Based on our verification of Books of account and other relevant
records and based on the information and explanations given to us, we
have not noticed or reported any fraud on or by the Company during the
year under review.
For A. K. Rajgopalan & Co.
Chartered Accountants
sd/-
CA. T.R.Ashok
Partner
Place: Chennai FRN : 0034058
Date : 27th August, 2011 MRN : 026133
Mar 31, 2010
We have audited the attached Balance Sheet of SANGUINE MEDIA LIMITED as
at 31st March, 2010 and also the profit and loss account for the year
ended on that date annexed thereto. These financial statements are the
responsibility of the Companys management. Our responsibility is to
express an opinion on these financial statements based on our audit
We conducted our audit in accordance with auditing standards generally
accepted in India. Those Standards require that we plan and perform the
audit to obtain reasonable assurance about whether financial statements
are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statement. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
As required by the other Companies (Auditors Report) Order, 2003
issued by the Central Government of India in terms of subsection (4A)
of section 227 of the Companies Act, 1956, we enclose in the annexure a
statement on the matters specified in paragraphs 4 and 5 of the said
order.
Further to our comments in the Annexure referred to above, 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 as far as appears from our examination of
those books.
c. The balance sheet and profit and loss account dealt with by this
report are in agreement with the books of account.
d. In our opinion, the balance sheet and profit and loss account dealt
with by this report comply with the Accounting Standards referred to in
sub-section (3C) of section 211 of the Companies Act, 1956.
e. On the basis of written representations received from the Directors
as on 31stl March 2009 and taken on record by the Board of Directors,
we report that none of the directors is disqualified as on 31B March
2010 from being appointed as a director under section 274(1) (g) of the
Companies Act 1956.
f. 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 Companies Act, 1956 in the manner so required and give
a true and fair view in conformity with the accounting principles
generally accepted in India.
i. In the case of the balance sheet of the state of affairs of the
Company as at 31st March,
2010 And
ii. In the case of the profit and loss account, of the profit for the
year ended that date; and jjj. In the case of Cash flow statement, of
the cash flows for the year ended on that date.
ANNEXURE TO AUDITORS REPORT (referred in paragraoh 3 of our report of
even date)
(i). The Company has maintained proper records showing full particulars
including Quantitative details and situation of fixed assets.
a) All the assets have not been physically verified by the management
during the year but there is of verification on regular basis 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) As the company is a service company, engaged in the field of Media
services clause (ii) to paragraph 4 of the order is not applicable.
(iii) The Company has not granted any loan unsecured/secured from firms
or other parties covered in the register maintained under section 301
of the Companies Act, 1956.
(iv) In our opinion there are adequate internal control procedures
commensurate with the size of the Company and the nature of its
business with regard to purchase of commercial advertisement time and
fixed assets and also sale of commercial advertisement time.
During the course of audit, we have not observed any continuing failure
to correct major weakness in internal control.
(v) In our opinion there are no transactions that need to be entered in
the register maintained in pursuance section 301 of the Companies Act,
1956 and hence items (a) and
(vi) The company has not accepted any deposits from the public with in
the preview of Reserve Bank of India and the provisions of sections
58A, 58AA or any other relevant provisions of Companies Act, 1956 and
the rules framed there under.
(vii) In our opinion, the company has an adequate internal audit system
commensurate with the size and nature of its business.
(viii) The Central Government ahs not prescribed the maintenance of
cost records by the company under section 209(1 )(d) of the Companies
Act, 1956
(ix) According to the information and explanation given to us, and on
the basis of our examination of books of account, the provision of
Provident Fund, Investor Education and Protection Fund, Employees State
Insurance, Income-tax, Sales Tax. Wealth-tax, Service Tax, Custom Duty,
Excise Duty, cess and other material statutory dues applicable to the
company with appropriate authorities, during the financial year ended
31st March 2010.
b) There are no dues of Income-tax, Sales Tax, Wealth-tax, Service Tax,
Custom Duty, Excise Duty and Cess, which are outstanding as on 31st
March 2010 for a period of more than six months from the date they
become payable.
(x) The company has no accumulated losses as at the end of 31st
March2010. The company has not incurred cash loss during the financial
year ended 31st March2010 and in the financial year immediately
preceding year ended 31st March2009.
(xi) The company has not defaulted in repayment of dues to a financial
institution, bank or debenture holders.
(xii) During the year under review, the company has not granted any
Loans and Advances on the basis of securities by way of pledge of
shares, debentures and other securities.
(xiii) The company is not a chit fund or a Nidhi mutual benefit
fund/society. Therefore, the provisions of clause (xiii) to paragraph 4
of the Companies (Auditors Report) Order, 2003 are not applicable to
the company.
(xiv) According to the information and explanations given to us the
company is not dealing or trading in shares, securities, debentures,
and other securities. Accordingly, the provisions of clause (xiv) to
paragraph 4 of the order not applicable.
(xv) According to the information and explanations given to us the
company has not given any guarantee for loans taken by others from
banks or financial institutions.
(xvi) The company is not obtained any term loans. Therefore, the
provisions of clause to paragraph 4 of the order are not applicable.
Based on our verification of the books of accounts. The information and
explanations given to us, in this regard and on the overall examination
of the balance sheet of the company we are of the view that the funds
raised on short term basis by the company have not been utilized for
long term purpose and vice versa.
(xvii) During the year under review, the company has not made
preferential allotment of shares to parties and companies covered in
the register maintained under section 301 of the companies Act 1956.
(xviii) The company has not issued any debentures during the year under
review.
(xix) The company has not raised any money by way of public issue.
(xx) Based on our verification of Books of account and other relevant
records and based on the information and explanations given to us, we
have not noticed or reported any fraud on or by the Company during the
year under review.
For A. K. Rajagopalan & Co;
Chartered Accountants
DATE: 29.05.2010
Place: Chennai CA.TR.Ashok
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మరింత సమాచారం Sanguine Media Ltd.
-
Sanguine Media Ltd. టూల్స్
- బల్క్ డీల్స్
-
Sanguine Media Ltd. కంపెనీ వివరాలు
- కంపెనీ ప్రొఫైల్
- కంపెనీ చరిత్ర
- నిర్వహణ బృందం
- క్యాపిటల్ స్ట్రక్చర్
- ప్రొడక్ట్ మిక్స్
- బ్యాంకర్/ఆడిటర్/రిజిస్ట్రార్
-
కంపెనీ చరిత్ర
- హక్కులు
- బిఎస్ఇ ధర చరిత్ర
-
Sanguine Media Ltd. ముఖ్య ఆర్థిక నిష్పత్తులు
- నిష్పత్తులు
-
Sanguine Media Ltd. ఫలితాలు
- క్వార్టర్లీ ఫలితాలు
- హాఫ్ ఇయర్లీ ఫలితాలు
- 9నెలల ఫలితాలు
- వార్షిక ఫలితాలు
-
Sanguine Media Ltd. ఆర్థిక డేటా
- ఆడిట్ ఫలితాలు
- క్యాష్ ఫ్లో
- బ్యాలెన్స్ షీట్
-
Sanguine Media Ltd. నివేదికలు
- అకౌంటింగ్ విధానాలు
- ఆడిటర్స్ నివేదిక
- డైరక్టర్స్ నివేదిక
- ఖాతాకు గమనికలు
-
Sanguine Media Ltd. కార్పొరేట్ ప్రకటనలు
- బుక్ క్లోజర్
- బోర్డు సమావేశాలు
-
బ్లూ-చిప్ స్టాక్లలో కొనుగోళ్ల జోరు.. 609 పాయింట్లు ఎగబాకిన సెన్సెక్స్.. 24177 పాయింట్ల వద్ద ముగిసిన నిఫ్టీ.. -
నష్టాల్లో ముగిసిన సూచీలు.. 24 వేల మార్క్ దిగువకు నిఫ్టీ.. 417 పాయింట్లు కోల్పోయిన సెన్సెక్స్.. -
HCL share: స్టాక్ పడిపోతుంటే ఇన్వెస్టర్లు ఎందుకు కొంటున్నారు? HCL టెక్ వెనుక ఉన్న అసలు సీక్రెట్ ఇదే! -
నిఫ్టీ టార్గెట్ తగ్గింపు.. భారత మార్కెట్కు జేపీ మోర్గాన్ షాక్! -
స్టాక్ మార్కెట్ భారీ క్రాష్.. రూ. 6 లక్షల కోట్లు ఆవిరి.. మూడు రోజుల్లో సెన్సెక్స్ 2,600 పాయింట్లు ఢమాల్.. -
మూడో రోజు కూడా కుప్పకూలిన స్టాక్ మార్కెట్.. భారీ నష్టాలతో ఇన్వెస్టర్లు విలవిల -
కుప్పకూలిన స్టాక్ మార్కెట్.. భారీ నష్టాల్లో ఐటీ రంగం షేర్లు.. ఇన్వెస్టర్లు లబోదిబో.. -
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ఇన్వెస్టర్లు డబ్బుతో రెడీగా ఉండండి.. రేపు బలంగా ర్యాలీ చేయనున్న నిఫ్టీ.. కారణాలు ఇవే.. -
IPO: స్టాక్ మార్కెట్ చరిత్రలోనే కీలక అడుగు.. ఏప్రిల్ 20న ఏం జరగబోతోంది? -
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Stock market: వర్షం పడితేనే స్టాక్ మార్కెట్లో లాభాల పంట! మాన్సూన్ ఎఫెక్ట్ వెనుక ఉన్న అసలు రహస్యం ఇదే! -
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