sonu buildwell pvt ltd share price Auditors report

AUDITOR

TO THE MEMBERS OF M/S SONU BUILDWELL PRIVATE LIMITED

We have audited the attached Balance Sheet of M/S SONU BUILDWELL PVT LTD. as at 31^st March, 2013 and Statement of Profit & Loss 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 & perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also included 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 and report thereon: -

1. The company is a private limited company with a paid capital and reserves not more than rupees fifty lakhs and has not accepted any public Deposits and does not have outstanding loan exceeding rupee twenty five lakhs or more from any bank or financial institution and does not have a turnover exceeding rupee five crores, the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment) Order, 2005, issued by the Central Government is not applicable.

2. We report that.-

(a) We have obtained all the information and explanation, which to the best of our knowledge and belief were necessary for the purpose of our audit.

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

(c) The Balance Sheet and Statement of Profit & Loss are in agreement with the books of accounts.

(d) On the basis of the written representation received from the Board of Directors & taken on record by the Board of Directors we report that none of the Directors of the Company is disqualified as on 31.3.2013 from being re-appointment as an Director in term of clause G (of sub section 1) of section 274 of the Companies Act, 1956

(e) In our opinion, the Statement of Profit & Loss and Balance Sheet comply with the Accounting Standard referred to in Sub Section 3C of Section 211 of Companies Act, 1956.

(f) None of the directors are disqualified from being appointed as director under section 274(1) (g).

(g) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read with the notes thereon, give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view: -

i) In the case of Balance Sheet, of the State of Affairs of the company as at 31st March, 2013.

ii) In the case of Statement of Profit & Loss of the loss for the year ended on that date.

iii) In the case of Cash Flow Statement of the Cash Flow for the year ended on that date.

	For ARVIND K. JAIN & ASSOCIATES
	CHARTERED ACCOUNTANTS
PLACE: NEW DELHI	ARVIND K JAIN
DATE: 20th MAY, 2013	PARTNER
	FRN 010605 N

ANNEXURE TO THE AUDITORS REPORT

REFERRED TO IN THE PARAGRAPH (1) OF OUR REPORT OF EVEN DATE

1. (a) The company does not have any fixed assets therefore, the provision of this clause are not applicable.

2. (a) The management has conducted physical verification of inventory at reasonable intervals;

(b) The procedures of physical verification of inventory followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business.

(c) No discrepancies have been noticed on physical verification of inventory as compare to the book records.

3. (a) No unsecured loans has been taken by the Company from parties listed in the register maintained under section 301 of the Act. Therefore other sub clauses of this clause are not applicable.

4. On the basis of information and explanations given to us it seems that there is an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of the inventory and fixed assets and for the Sale of goods.

5. (a) According to the information and explanations given to us, we are of the opinion that if any transactions that need to be entered into a register in pursuance of section 301 of the Companies Act, 1956 have been so entered.

(b) According to the information and explanation given to us each of these transactions have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time;

6. During the year, the company has not accepted any deposit form the public.

7. The company has an internal audit system commensurate with its size and nature of its business;

8. We are informed that the Central Government has not prescribed maintenance of Cost records under Clause (d) of subsection (1) of section 209 of the Act.

9. (a) The company is regular in depositing undisputed statutory dues including Provident Fund Investor Education and Protection Fund, Employees State Insurance, Income tax, Sales tax, Wealth Tax, Custom Duty, Cess and any other statutory dues with the appropriate authorities.

(b) According to the information and explanation given to us, there are no dues of Sales Tax, Income Tax, Custom Duty, Wealth Tax, Excise Duty and Cess, which have been deposited on account of any dispute.

10. Company has accumulated losses at the end of the financial year which are more than fifty per cent of its net worth and company has incurred cash losses in preceding financial year.

11. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayments of dues to banks.

12. We are of the opinion that the company has not given any loans and advances on the basis of securities.

13. 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.

14. In our opinion, the company is not dealing in or trading in share, securities, debentures and other investment. Accordingly, the provisions of clause 4 (xiv) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

15. According to the information and explanations given to us, during the period covered by our audit report, company has not given any guarantee for loans taken by others from bank or financial institution. Accordingly, the provisions of clause 4 (xv) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

16. According to the information and explanations given to us, during the period covered by our audit report, company has not taken any loans.

17. According to the information and explanations given to us, during the period covered by our audit report, company has not applied any short term funds for long term investments.

18. According to the information and explanations given to us and on an overall examination the company has not made preferential allotment of shares. Accordingly, the provisions of clause 4 (xviii) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

19. According to the information and explanations given to us, during the period covered by our audit report, company has not issued debenture. Accordingly, the provisions of clause 4 (xix) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

20. During the year, the company has not raised money by public issue. Accordingly, the provisions of clause 4 (xx) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

21. During the year no fraud has been noticed or reported by the company.

	For ARVIND K. JAIN & ASSOCIATES
	CHARTERED ACCOUNTANTS
PLACE: NEW DELHI	ARVIND K JAIN
DATE: 20th MAY, 2013	PARTNER
	FRN 010605 N