re-submission of financial results for march 31, 2016 (clear copy) [result]

7/26/2019 Re-submission of Financial Results for March 31, 2016 (Clear Copy) [Result]

1/10


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3/10


4/10

A-7fi1

,

La

Cl'i*pelle,

Evershine NaEar,

Ma:lad

{Iil/*st},

illuffrbai

-

4il0CI64.

Fh :

t*221288CI8702

Email :

ajayshubha,corsgrnail.con

Auditor's

Report

on

Annual

Standalone Financial

Results

of the

Company Pursuant

to

the

Regulation

33 of

the

SEBI(Listing

Obligations

and

Disclosure

Requirements) Regulations,2015

To The Board

of Directors

of

Todays Writing

lnstruments Limited

1. We have

audited the accompanying

Statement

of

Financial

Results

of Todays Writing lnstruments

Limited,

for the

quarter

ended

31 St

March, 2016

and

year

to date results for the

period

from 1

st

April

,

2015

to 31 st March, 2016

year

attached

herewith

( the

Statement ), being submitted by

Company

pursuant

to

the

requirement

of Regulation 33

of

the

SEBI

(Listing

obligations

and Disclosure

Requirements)

Regulations,

2015. This

statement,

which

is the responsibility

of

the Company's

Management

and

approved by

the

Board

of

Directors,

has

been

prepared

on the

basis

of the

related

financial

statements which

are

in

accordance

with

the accounting standards

prescribed

under section

133

of the Companies Act,

2013, as applicable

and

other accounting

principles

generally

accepted

in

lndia.

Our responsibility

is to express

an opinion on the

statement,

We

conducted our audit

in

accordance

with

the

Standards

on Auditing issued

by

the lnstitute of

Chartered

accountants

of

lndia. Those

standards

require

that

we

plan

and

perform

the audit to obtain

reasonable

assurance

about whether

statement

is free from

material misstatement. An

audit

includes

examining, on

a

test

basis, evidence

supporting the amounts

disclosed

in

the statement.

An

audit

also

includes

evaluating

the appropriateness of the accounting

policies

used and

the

reasonableness of the

significant

accounting

estimates

made

by the

Management,

as

well

as

evaluating

the

overall

presentation

of the statement. We

believe that the audit evidence

we

have obtained

is

sufficient

and

appropriate to

provide

our

audit opinion.

2.

ln

our

opinion

and

to

the

best

of

our

information

and

according to

the

explanations

given

to us,

quarterly

financial

results as well

as the

year

to date

results:,

(i)

are

presented

in

accordance

with

the

requirement

of

Regulation 33 of

the

SEBI

(Listing

Obligations

and Disclosure

Requirements) regulations, 2015;

and

(ii)

Gives a true and

fair

view in

conformity with the aforesaid

Accounting

Standards and

other accounting

principles

generally

accepted

in

lndia

of the

net Loss and other

flnancial lnformation

of the Company

for

the

year

ended

31st

March 2016.

Head

0ffice : 5/4, Clive Row,4th Floor,

Room No.116,

Kolkata

-

700001.

Ph

I

(033)

329035M,

Telefax

-

22310133, Email: [email protected]

Vapi

Ofice I 301, Krishana

Kunj Complex, Opp.

$ahara Market, Vapi $ilyassa Road, Vapi

-

396191. Ph :9426426492, Email: [email protected]


5/10

A-701, La

Chapells,

Evershine

NilEar,

l\4alad

{\A/est},

Mumhal

-

4ilil0$4

Ph

{022}

28$fi8702

Email :

ajayshohha [email protected]

3. Emphasis

of

Matters

a.

We

draw

attention to

Note No. 37

to

the

financial statement

regarding

preparation

of

account of

the

company

on

going

concern basis

though

the

accumulated

losses

of

the

Company have exceeded its net worth. Based

on

the factors

the

management believes

that the

going

concern assumption is appropriate

and no adjustments have

been

made

in

the financial statements for

the

year

ended

March 31, 2015.

b.

Balance

confirmation

from

debtors,

creditors, advances,

secured

and unsecured

lenders

etc.

are

generally

not received

and

accordingly

not reconciled

/

confirmed.

ln

absence

of

the same these

balances

and their

classification are

reflected

as

per

the records

produced.

c.

Provision

of

interest

on

loans from banks & financial

institution are

provided

as

per

CDR

scheme and not as

per

the sanction

terms of the banks

& financial

institution

even

though

the CDR scheme sanction

of

consortium

Banks has been cancelled.

Retirement

benefits of employees

in respect of Gratuity and

leave

encashment

are

accounted for on

payment

basis which

is not in

conformity

with Accounting Standard

(AS)

15

(Revised

2005)on

Employee Benefits which

requires that Gratuity

be accounted

foron

accrual basis.

The

Company is

not

regular in depositing

the

undisputed

statutory dues,

including

provident

fund, lncome

tax,

wealth

tax,

service tax, sales

tax, excise duty,

value added tax,

Cess and other

materialstatutory

dues,

as applicable,

with the appropriate authorities.

We

have notice

serious delays in case of

Provident Fund amounting

to

Rs.

85.09

lacs, lncome

tax amounting

to

Rs.

920.88

lacs, TDS amounting

to

Rs,

15.12 lacs and Service

tax

amounting to

Rs.

9.15 lacs, Excise duty

Rs.

66.36

lacs and

Maharashha VAT

Rs. 50.70

lacs

4.

The

Statement includes the results for the

Quarter

ended

March

31,2016

being the

balancing

figure

between the audited

figures

in respect of

full financial

year

and

published year

to date

figures up to the

third

quarter

of the current financial

year

which were subjected

to limited

review

by us.

For

Ajay

Shobha & Co.

Chartered

Accountants

Firm Reg. No/F17031E

Ajay

Gupta

Partner

t *

Mem. No.

053071

Place:

Mumbai

Date:

30/0512016

Head0ffice:5/4,CliveRou4thFloor,RoomNo.ll6,Kolkata-700001.Ph:(033)

32903554.

Telefax-22310133,Ecrai|: [email protected]

Vapi Olice : 301, Krishana Kunj

Complex, Opp. Sahara Market, Vapi Sjlvassa Road,

Vapi

-

39619'1.

Ph:9426426492, Emailr aiayshobha.co@grnail,com

d.

e.


6/10

A-7fi'1

,

La Chapelle, Evershins

Nagar,

Ma:lad

{l,{/est},

ilIurnbai

-

4ft,0$64

Ph

:

t*22128808702

Email : ajayshnhha [email protected]

Auditor's Report

on Annual

Consolidated Financial Results

of the

Company Pursuant

to

the

Regulation

33 of

the SEBI(Listing

Obligations

and

Disclosure

Requirements)

Regulations,2015

To

The Board of

Directors

of Todays

Writing lnstruments

Limited

1. We have

audited the accompanying

Statement of Consolidated

Financial Results of

Todays

Writing

lnstruments

Limited( the

Holding

Company ) and

it's

subsidiaries

(

the

Holding

Company

and

its

Subsidiaries together

referred

to

as

the

Group ), for the

year

ended

March

31

,

2016

attached

herewith

( the

Statement ), being submitted by the Holding

Company

pursuant

to the

requirement of

Regulation

33 of the SEBI

(Listing

obligations and Disclosure

Requirements) Regulations,20l5.This

statement, which is

the

responsibility

of

the

Holding Company's

Management

and

approved by the

Board of Directors,

has been

prepared

on

the

basis

of the related consolidated

financial

statements

which

are

in

accordance

with

the accounting

standards

prescribed

under section

133

of the

Companies Act, 2013,

as applicable

and

other accounting

principles generally

accepted

in lndia. Our

responsibility

is

to express an

opinion on the

statement.

2.

We

conducted

our audit

in

accordance

with

the

Standards

on

Auditing issued

by the

lnstitute

of

Chartered accountants

of lndia. Those

standards

require that

we

plan

and

perform

the

audit to obtain

reasonable

assurance about whether

statement

is free from material

misstatement. An

audit

includes

examining,

on a test basis, evidence

supporting the amounts

disclosed

in

the statement.

An

audit

also

includes

evaluating the

appropriateness of the accounting

policies

used and the

reasonableness of

the

significant accounting

estimates made

by the

Management,

as well as

evaluating

the

overall

presentation

of the statement. We

believe that the audit

evidence

we have

obtained

is sufficient and

appropriate to

provide

a basis for our audit opinion.

3. Emphasis

of

Matters

a.

We

draw

attention to

Note No,

37

to

the

financial statement

regarding

preparation

of

account

of the

company

on

going

concern basis

though

the

accumulated

losses

of

the

Company

have exceeded its net worth. Based

on

the

factors the management believes

that

the

going

concern assumption is appropriate and

no adjustments

have

been

made

in

the financial

statements for the

year

ended March 31,

2015.

b, Balance

confirmation from debtors, creditors, advances,

secured and unsecured

lenders

etc. are

generally

not received

and accordingly

not reconciled / confirmed.

ln

absence

of

the same

these balances and their classification are

reflected as

per

the records

produced.

c, Provision

of

interest

on

loans from

banks &

financial institution are

provided

as

per

CDR

scheme

and not

as

per

the sanction terms of the banks &

financial

institution

even

though

the CDR scheme

sanction of consortium Banks has been cancelled.

llead

Office:

514.

Clive Row.4th Floor

Room lrio.116,

Kolkata

-

7009${;flf'(033) 32903554, Telefax

-

22310133, lmail: ajayshobha.co(Oumaii.c0n]

e{

Vapi

Olice : 301, Krishana

Kunj Complex, Opp.

$ahara Market,

Vapi

Silvassa Road, Vapi

-

396191. Ph : 94?6420492, Email: ajayshobha [email protected]


7/10

A-701

,

La

Chapelle,

fivershine

l,Jilgar,

M*lad

{\tVest},

M,umbai

-

4*ilS$4.

Ph :

{il22}

288fi$702

Email :

[email protected]

Retirement

benefits

of

employees

in

respect

of

Gratuity

and leave encashment are

accounted

for

on

payment

basis

which is not in

conformity

with

Accounting Standard

(AS)

15

(Revised

2005)on

Employee Benefits which requires that Gratuity be accounted

foron

accrual basis.

The

Company

is

not

regular

in

depositing

the

undisputed

statutory

dues,

including

provident

fund, lncome

tax,

wealth

tax, service tax,

sales tax, excise duty,

value added

tax,

Cess and other material

statutory dues,

as

applicable,

with the appropriate

authorities.

We

have notice

serious delays in

case

of Provident Fund amounting

to Rs. 85.09

lacs, lncome

tax amounting

to Rs.920.88

lacs, TDS amounting

to

Rs, 15.12 lacs

and

Service

tax

amounting

to

Rs. 9.15 lacs, Excise duty Rs. 66.36

lacs

and

Maharashtra VAT

Rs.

50.70

lacs

Other Matters :

4.

We did

not

audit

the

financial statements

/

financial information

of one

subsidiary,

Today's

Petrotech

Ltd,

whose financial

statements

/ financial information

reflect

total

assets of Rs.

833.04

lacs as at 31st

March, 2016,

total revenues

of

Rs.454.76

-

lacs

and

net cash inflows amounting

to

Rs.2.04

lacs for

the

year

ended on that

date, as considered

in

the consolidated

financial statements.

This

financial

statements / financial information have been audited by other auditors

whose reports

have

been

furnished

to us

by the Management and our opinion

on the Statement, in so far as it

relates

to the amounts

and disclosures included in respect

of this

subsidiariy,

is

based solely on the

reports of

the other auditors.

5. ln our

opinion and to the

best of our information and according

to

the

explanations

given

to

us, and

based

on the consideration

as referred to in

paragraph

3 and 4 above, the Statement

:

a.

includes

the results

of

entities

as

given

below:

List

of Subsidiaries:

Today's

lnfrastructure

&

Construction

Ltd

Today's

Stationery

Mart Ltd

Today's

Petrotech

Ltd

b.

is

presented

in

accordance with

the

requirement

of Regulation 33 of the SEBI

(Listing

Obligations and

Disclosure

Requirements)

regulations

,201

5; an

f

.\4.

*.\i*

'-r'I

Head

Office:5i4, C{ive Rol,v,4th

Flror.

Roanr No.tr'1fi,

K*ikata

-

7000fi'1.

.

Telefax

-

2?31il1

33, Email: a1alisnCIhha,co,@grnail,ron r

d

e.

1.

2.

3

e4

%

4F

Vapi

Olice ; 301 Knshana Kunj

Complex,Opp.

Sahara Market, Vapi Sllvassa Road, Vapi

-

396191.

Ph

:

9426426492, Emaii: [email protected]


8/10

A-701

,

La Chapelle,

fivershine

il*dilEar,

l\rialad

{\,&/*st},

M,urnf:ai

-

4ililil$4.

Ph :

t022)

28808702

Email

:

ajayshubha.cCI@gmail

cnrTl

c.

gives

a true and

fair view

in

conformity

with

the aforesaid

Accounting

Standards

and other

Accounting

principles generally

accepted

in

lndia of

the consolidated

net

loss and other

financial

lnformation

of

the

group

for

the

year

ended

March

31,

2016.

Ajay

ku

Partner

Mem. No.

053071

Place : Mumbai

Date

:

30/05

12416

Head0ffice:5l4,CliveRow,4thFloor,RoornNo.llS,Kolkata-700001.Ph:(033)

32003554,

Telefax-22310133,Email:

[email protected]

Vapi $fice;301.

Krishana Kunj Complex, Opp. Sahara

Market, Vapi

Silvassa Road.

Vapi

-

396191.

Plt 9426428492,

Emaii:

aiayshobha^co@gmail'com


9/10


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re-submission of financial results for march 31, 2016 (clear copy) [result]

Documents