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Company Information

Home » Market » Company Information

Citurgia Biochemicals Ltd.

Jan 11
158.20 +3.20 (+ 2.06 %)
 
VOLUME : 50
Prev. Close 155.00
Open Price 152.00
TODAY'S LOW / HIGH
150.00
 
 
 
158.95
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
133.00
 
 
 
220.50
Citurgia Biochemicals Ltd. is not traded in NSE
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Market Cap. ( ₹ ) 2089.75 Cr. P/BV -269.60 Book Value ( ₹ ) -0.59
52 Week High/Low ( ₹ ) 221/133 FV/ML 2/1 P/E(X) 0.00
Bookclosure 28/09/2020 TTM EPS ( ₹ ) -0.02 Div Yield (%) 0.00
AUDITOR'S REPORT
You can view full text of the latest Director's Report for the company.
Year End :2014-03 We have audited the accompanying financial statements of CITURGIA BIOCHEMICALS LIMITED ("the Company). Which comprise the balance sheet as at 31st March 2014, the statement of profit and loss and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

Management is responsible for the preparation of these financial statements that give true and fair view of the financial position, financial performance and cash flows of the company in accordance with accounting standard referred to in sub section(3G) of section 211 of companies Act 1956 ("the Act"). This responsibility includes the design, implementation and maintenances of internal control relevant to the preparation and presentation of 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 conducted our audit in accordance with the standards on auditing issued by the Institute of chartered accountant 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 auditor's judgment, including the assessment of the risks of material misstatement of the financial statement 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 statement 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 the 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 explanation 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:

a) In the case of balance sheet , the state of affairs of the company as at march31,2014,

b) In the case of statement of profit and loss of the profit for the year ended on that date, and

c) In the case of the cash flow statement, of the cash flows of the company for the year ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the companies (auditor's report) order, 2003 ("the Order") issued by the Central government of India in terms of sub-section (4a) of section 227 of the Act , we give in the annexure a statement on the matters specified in paragraphs 4 and 5 of the order.

2. As required by the 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 the audit.

(b) In our opinion, proper books of accounts as required by law have been kept by the company so far as appears from our examination of those books.

(c) The balance sheet, the statement of profit and loss and the cash flow statement dealt with by this report are in agreement with the books of account.

(d) In our opinion , the balance sheet, statement of profit and loss, and the cash flow statement comply with the accounting standards referred to in sub-section (3C)of section 211 of companies act 1956

(e) On the basis of written representation received from the directors as on 31st march 2014, and taken on record by the board of directors, none of the directors is disqualified as on 31st march 2014, from being appointed as a director in terms of clause (g) of sub- section (1) of section 274 of Companies Act, 1956.

Annexure to the Auditors Report

(Referred to in Paragraph 1 of our report of even date on the accounts for the period ended 31st March, 2014 of CITURGIA BIOCHEMCIALS LIMITED)

(i) (a) As explanation given by the management in respect of its fixed assets in schedule D forming part of accounts regarding the lock out by State Government of Uttarakhand at the Rishikesh Plant, subject thereto The company has maintained proper records of fixed assets showing full particulars including quantitative details and location of fixed assets at head office.

(b) Assets were not physically verified during the period by the management in view of lockout by State Government of Uttarakhand at Rishikesh plant as disclosed.

(ii) (a) As per information and explanation received from the management the inventory has not been physically verified during the period under audit due to lockout at Rishikesh plant.

(b) Not applicable

(c) In view of lockout the same is not applicable

(iii)

(a) The company has not granted unsecured loans to any party covered in the register maintained under section 301 of the companies Act, 1956.

(b) According to the information & explanations given to us the rate of the interest and other terms & conditions in respect of unsecured loans given by the company, are not prima facie prejudicial to the interest of the company.

(c) In our opinion and according to the information and explanations given to us, the receipt of principle amount and interest is regular.

(d) In our opinion and according to the information and explanations given to us there are no overdue amounts in respect of the unsecured loans given by the company.

(e) The company has not taken unsecured loans from party covered in the register maintained under section 301 of the companies act 1956.

(f) Whether the rate of interest and other terms and conditions of loans taken

by the company, secured or unsecured are prima facie prejudicial to the interest of the company and ------Not Applicable--------

(g) Whether payment of the principal amount and interest are also regular. --- -Not Applicable--------------

( iv ) 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 for the purchase fixed assets and other items and not prima facie prejudicial to the interest of the company.

(v) (a) Transactions that need to be entered into a register in pursuance of section 301 of the Act have been entered.

(b) In our opinion and to the best of our knowledge each of these transaction exceeding the value of Rs. 5 lacs in respect of any party and in any one financial year, have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

(vi) Since the company has not accepted any deposited from public accordingly the provision requiring that whether the directives issued by the Reserve Bank of India and the provisions of section 58 A and 58AA of the Act the rules framed there under, were applicable have been complied with is not applicable to the company.

(vii) In view of lock out at calcium carbonate division at Rishikesh the company has been unable to conduct the internal audit for the period end report.

(viii) The provisions requiring maintenance of cost records as prescribed by the Central Government under clause (d) of sub-section (1) of section 209 of the Act are not applicable to the company.

(ix) (a) The provisions of investor Education and Protection Fund are not applicable to the company. With reference to the provisions of the Sales Tax , Wealth Tax, Customs Duty and Excise Duly/Cess are applicable to the company. The company is not regular in depositing its statutory dues in respect of ESIC, EPF & Income Tax with the appropriate authorities amount of Rs. 2.20 lacs is outstanding as payable for statutory liabilities and tds as on 31.03.2014.

(b) As per records of the company there are disputed amounts payable as at 31.03.2014 in respect of income tax, wealth tax, custom duty and excise duty etc. Further as per notes of accounts liabilities towards income tax, sales tax/excise and ESIC matter are lying with respective tribunal/courts and the same are shown as contingent liability.

(x) In our opinion and to the best of our knowledge and as per information and explanation received from the management the company has not defaulted in repayment of dues to a bank.

(xi) The provisions requiring that, whether adequate documents and records are maintained in cases where the company has granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities are not applicable to the company.

(xii) To the best to our knowledge the provisions special statues applicable to chit fund are not applicable to the company.

(xiii) Since the company is not dealing in shares and securities comments under this clause of the order are not required.

(xiv) As per explanation/ representation received from the management the company has not given any guarantee for loans taken by others from bank or financial institutions hence the provisions requiring whether the terms and conditions whereof are prejudicial to the interest of the company, are not applicable to the company.

(xv) The company has not availed any short-term loan from the bank to the best of our knowledge & belief.

(xvi) The company has not utilized the funds on short-term basis for long term investment and vice-versa.

(xvii) As per information given to us the company ahs not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

(xviii) The provisions requiring that whether securities have been created in respect of debentures issued, are not applicable to the company.

(xix) The provisions requiring that, whether the management has disclosed on the end use of money raised by public issues and the same has been not applicable to the company which is prejudicial to the interest of members of company.

(xx) No fraud on or by the company has been noticed or reported during the period.

For RANJAN GUPTA & CO. Chartered Accountants

Sd/- Ranjan Gupta Proprietor M.No. 082408

Place: New Delhi Date: 29.05.2014