Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on May 18, 2022     
  ABB India 2277.7 [ -0.75% ]
  ACC 2236.95 [ 0.48% ]
  Axis Bank Ltd. 659.3 [ 0.67% ]
  Bank of Baroda 99.45 [ -2.79% ]
  Bharti Airtel 696.05 [ -1.63% ]
  Bharat Heavy Ele 49.75 [ -0.40% ]
  Bharat Petroleum 332 [ -3.05% ]
  Britannia Ind. 3393.8 [ 0.79% ]
  Cipla 957.9 [ 2.12% ]
  Coal India 185.35 [ 0.41% ]
  Colgate Palm. 1606.2 [ 2.00% ]
  Dabur India 509.65 [ 1.52% ]
  DLF Ltd. 325.05 [ -2.72% ]
  GAIL (India) 153.65 [ -0.32% ]
  Grasim Inds. 1487 [ 0.33% ]
  HDFC 2184.85 [ -0.28% ]
  HDFC Bank 1314.35 [ 0.02% ]
  Hero MotoCorp 2539.15 [ 0.67% ]
  Hindalco Indus. 436.3 [ 1.82% ]
  ICICI Bank 707.05 [ -0.46% ]
  IDFC L 52.25 [ -0.57% ]
  Indian Hotels Co 226.7 [ -1.97% ]
  IndusInd Bank 902.9 [ -0.11% ]
  Infosys 1509.7 [ -0.59% ]
  ITC Ltd. 266.5 [ 0.72% ]
  Jindal St & Pwr 482.5 [ -0.27% ]
  L&T 1573.25 [ -1.92% ]
  Lupin Ltd. 683.25 [ -1.18% ]
  Mahi. & Mahi 912.65 [ 0.27% ]
  MTNL 22.65 [ 0.67% ]
  Nestle India 16355.2 [ 0.19% ]
  NIIT Ltd. 482.1 [ 1.37% ]
  NMDC Ltd. 142.6 [ -0.83% ]
  NTPC 148.25 [ -1.46% ]
  ONGC 163.15 [ 0.06% ]
  Punj. NationlBak 29.7 [ -0.83% ]
  Power Grid Corpo 227.85 [ -4.55% ]
  Reliance Inds. 2538.8 [ 0.32% ]
  SBI 457.95 [ -2.01% ]
  Vedanta 319.75 [ -0.44% ]
  Shipping Corpn. 117 [ 2.41% ]
  Sun Pharma. 899.4 [ 0.82% ]
  Tata Chemicals 980.5 [ 0.87% ]
  Tata Motors Ltd. 415.1 [ -2.12% ]
  Tata Steel 1180.25 [ -0.68% ]
  Tata Power Co. 237.75 [ -1.45% ]
  Tata Consultancy 3449 [ -0.09% ]
  Tech Mahindra 1172.45 [ -2.14% ]
  United Spirits 837.15 [ 0.41% ]
  Wipro 481.25 [ -1.14% ]

Company Information

Home » Market » Company Information

AVI Products India Ltd.

May 18
34.30 +0.00 (+ 0.00 %)
 
VOLUME : 3
Prev. Close 34.30
Open Price 34.30
TODAY'S LOW / HIGH
34.30
 
 
 
34.30
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
12.42
 
 
 
83.50
AVI Products India Ltd. is not traded in NSE
Company Information Menu

Search Company

Market Cap. ( ₹ ) 8.87 Cr. P/BV 2.07 Book Value ( ₹ ) 16.56
52 Week High/Low ( ₹ ) 84/12 FV/ML 10/1 P/E(X) 155.91
Bookclosure 28/12/2020 TTM EPS ( ₹ ) 0.65 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 AVI PHOTOCHEM Limited (the Company), which comprise the Balance Sheet as at March 31, 2014, 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

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 notified under the Companies Act, 1956 (the Act) read with the General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and in accordance with the accounting principles generally accepted in India. 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 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 appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial 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 aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

(b) In the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date; and

(c) In the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the Companies (Auditor's Report) Order, 2003 (the Order) issued by the Central Government of India in terms of Section 227(4A) 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 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, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d. In our opinion, the Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement comply with Accounting Standards notified under the Act read with the General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013.

e. On the basis of the written representations received from the directors as on March 31, 2014, 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 Section 274(1)(g) of the Act.

The Annexure referred to in paragraph 1 of the Our Report of even date to the members of AVI PHOTOCHEM LIMITED. On the accounts of the company for the year ended 31st March, 2014.

On the basis of such checks as we considered appropriate and according to the information and explanation given to us during the course of our audit, we report that:

1. (a)As explained to us, inventories have been physically verified during the year by the management at reasonable intervals.

(b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

(c) In our opinion and on the basis of our examination of the records, the Company is generally maintaining proper records of its inventories. No material discrepancy was noticed on physical verification of stocks by the management as compared to book records.

2. (a) According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. Consequently, the provisions of clauses iii (b), iii(c) and iii (d) of the order are not applicable to the Company. (b) According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not taken loans from companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. Thus sub clauses (f) & (g) are not applicable to the company.

3. In our opinion and according to the information and explanations given to us, there is generally an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of inventories and payment for expenses & for sale of goods. During the course of our audit, no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed.

4. The Company has not accepted any deposits from the public covered under section 58A and 58AA of the Companies Act, 1956.

5. As per information & explanations given by the management, the Company has an internal audit system commensurate with its size and the nature of its business.

6. As per information & explanation given by the management, maintenance of cost records has not been prescribed by the Central Government under clause (d) of sub-section (1) of section 209 of the Act.

7. (a) According to the records of the company, undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess to the extent applicable and any other statutory dues have generally been regularly deposited with the appropriate authorities. According to the information and explanations given to us there were no outstanding statutory dues as on 31st of March, 2014 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there is no amounts payable in respect of income tax, wealth tax, service tax, sales tax, customs duty and excise duty which have not been deposited on account of any disputes.

8. The Company's accumulated losses at the end of the Financial Year are more than fifty percent of it's net worth. The company has not incurred cash losses in Financial year but has incurred cash losses in preceding Financial year.

9. According to the information and explanations given to us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

10. The Company is not a chit fund or a nidhi /mutual benefit fund/society. Therefore, the provision of this clause of the Companies (Auditor's Report) Order, 2003 (as amended) is not applicable to the Company.

11. According to the information and explanations given to us, the Company has not given any guarantees for loan taken by others from a bank or financial institution

12. Based on our audit procedures and on the information given by the management, we report that the company has not raised any term loans during the year.

13. Based on the information and explanations given to us and on an overall examination of the Balance Sheet of the Company as at 31st March, 2014, we report that no funds raised on short-term basis have been used for long-term investment by the Company.

14. Based on the audit procedures performed and the information and explanations given to us by the management, we report that the Company has not made any preferential allotment of shares during the year.

15. The Company has no outstanding debentures during the period under audit.

16. The Company has not raised any money by public issue during the year.

17. Based on the audit procedures performed and the information and explanations given to us, we report that no fraud on or by the Company has been noticed or reported during the year, nor have we been informed of

                                           For S. SHAH & ASSOCIATES 
                                              Chartered Accountants 
                                     (Firm Registration No. 109771W) 
                                                                Sd/-
Place :Mumbai ,
Date :30-05-2014                                          Propriter
                                             Membership No.: 034446