AUDI TOR'S REPORT TO THE COUNCIL OF TRUSTEES Educational Trust

leport on the financial statements:

have examined the accompanying financial statements of MIS College of Engineering, Bangalore Department of Post Graduate Studies PhD and M.Sc. ("College") Bangaiore

which comprise the Balance sheet as at March 31, 2016 and the Income and Expenditure

Account for the year ended on that date and a summary of significant accounting policies

and other explanatory information.

Management's Responsibility for the financial statements:

The said financial statements are responsibility of the Management. Our responsibility is to

express an opinion on these financial statements based on our audit. This responsibility

;nciees the design implementation and maintenance of internal control relevant to the

preparation and fair presentation of the financial statements that 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 Auditing Standards generally accepted in India. chose standards require that we comply with ethical requirements, plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from nnatr--ial misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts :,nei disclosures in the financial statements. The procedures selected depend on the auditor's

judgement, including the assessment of the risk of material rnisstate, -nents of the statements, whether due to fraud or error. In making those risk assessments, the ai.itor

considers internal control relevant to the management'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

entity's internal control. An audit also includes evaluating the appropriateness of accouritng

policies used and the reasonableness of the accounting estimates made by management, a.;

well as evaluating the overall presentation of the financia! statements. We believe that tile

audit evidence we have obtained is sufficient and appropriate to provide a basis I:or our

audit opinion.

dusts for Qualified Opinion:

a) As referred to in Note no. 2 of Schedule — F share of expenditure in respect of use

of infrastructure facility of BMS College of Engineering is not identifiable

separately.

Qualified Opinion: In our opinion arid to the best of our knowledge and according to the

explanations given to us, except for the effects of the matters described in the

Basis for Qualified Opinion paragraph, the said accounts give a true and fair view:

a. In the case of the Balance Sheet, of the state of affairs of the College as at March 31,

In the case of the Income and Expenditure Account, the excess of income over

expenditure for the year ended on that date.

Report on other legal & regulatory requirements:

1. The said Balance Sheet and corresponding Income and Expenditure are in

agreement with the books of accounts maintained by the said College.

2. We have obtained all the information and explanations which to the best of

our knowledge and belief were necessary for the purposes of the audit.

3. In our opinion proper books of account have been kept at the offices of

College, so far as appears from our examination of the books.

Emphasis of Matter: Attention is drawn to Note 3 of Schedule F, regarding accounting standards

pi .escribed by the Institute of Chartered Accountants of India not being applicable

and deviation/disclosures thereof not being material in respect of which we have

relied on the representation of the management. Our opinion is not qualified in

this matter.

naw e 1 - 03-16

Place: Bangalore

For B. K. Ramadhyani & Co. LLP,

Chartered Accountants

Firm Registration No 002878S/S200021

r C .R. Krishna)

Partner

Membership No. 027990

B K RAM A D YA NI & CO. L. t_ " CHARTERED ACCOUNTANTS No. 68, # 4-B, Chitrapur Shav:2i:7,

8th Main, 15th Cross, Malleswarz3ri , BANGALORE- 560 055

Dr.till 11 air su abu A ■

PrinWIN B.M.S. College of Engineering PlatiANGALIORE - 560 019 Date :0 -S-t6

Sri Chief Fina Officer

DEPARTMENT OF POST-GRADUATE STUDIES - Ph.D. & M.Sc. (Engg) BALANCE SHEET AS AT 31st MARCH 2016

AS AT 31.03.15 LIABILITIES SCH AS AT

31.03.16 AS AT

31.03.15 ASSETS SCH

89,56,362 Income and Expenditure Account B/ F 1,13,63,131 24,063 Fixed Assets C 24,06,769 Add: Excess of Income over

Expenditure for the year 28,16,936 1,13,63,131 Sub Total 87,47,608 Inter College Accounts D 1,41,80,067

6,365 ' Other Liabilities A 31,195 11,34,833 Saving Bank Account:

Allahabad Bank A/c 2027 4 191446 19,018 Sundry Creditors B 18,000

13,25,000 'Fees Arrears 60,830 CSIR Grants 2,52,430

2,05,110 Advances

1,14,36,614 TOTAL 1,44,81,692 1,14,36,614 TOTAL

AS AT 31.03.16

18,282

1,12,49,588

14,37,912

15,10,000

-2,65,910

1,44,81,692

Vide our report attached of even date For B.K.Ramadhyani & Co. LLP

Chartered Accountants Firm Registration No. 002878S/S200021

C.R.Krishna Partner

Membership No. 027990 B K RAMADHYAN1 & CO. LLP

CHARTE.ir0 ACCOUNTANTS No. 68, # 4':rrrhitrapur

BtMV311,

8th Main, 15th Cross, Malle3wararn., BANGAt ORE -

560 0:..)5

Accounting Policies and Notes to Accounts - Schedule F

For BMS College of Engineering, Department of Post Graduation

DEPARTMENT OF POST-GRADUATE STUDIES - Ph.D. & M.Sc. (Engg)

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2016

PREVIOUS

YEAR EXPENDITURE

CURRENT

YEAR

PREVIOUS

YEAR INCOME

CURRENT

YEAR

33 ; 600 To Hospitality Expenses 15,400 24,85,700 By Tuition Fees 28,61,150

20,163 To Audit Fee 18,000 32,687 By Bank Interest 54,469

45,500 To VTU Affiliation Fee 30,000

7,652 To Depreciation 5,781

682 To Conveyance & Hire charges

3,992 To Recurring Expenditure 26,444

29 To Miscellaneous Expenses -

- To Contingencies 1,020

- To Prior Period Expenditure 2,038

To Excess of Income over Expenditure for 24.06,769

the year 28,16,936

25,18,387 TOTAL 29,15,619 25,18,387 TOTAL 29,15,619

Vide our report attached of even date

For B.K.Ramadhyani & Co. LLP

Chartered Accountants

Firm Registration No. 002878S/S200021

i." -- Ett\11 8, CO LLP

(..; ,__P N6c6tyitoi,NTS

No. 6i, 4 4-3, Chitrapd laavan, filth Mzilkr1-5th Cross, Malleviat-ro,

BANGALORE.- 560 055

Accounting Policies and Notes to Accounts - Schedule F

For BMS College of Engineering,

Department of Post Graduation

rV Dr. K ajikharir a Bab.

PriPiNN AL B.M.S. College of Engineering

p lwigtiogg - 560 019 Date :

Sr fla e Officer

C.R.Krishn