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Ruttonsha International Rectifier Ltd.

BSE: 517035 Sector: Engineering
NSE: N.A. ISIN Code: INE302D01016
BSE 16:01 | 27 Mar 2018 Ruttonsha International Rectifier Ltd
NSE 05:30 | 01 Jan 1970 Ruttonsha International Rectifier Ltd
OPEN 48.45
PREVIOUS CLOSE 46.65
VOLUME 629
52-Week high 63.75
52-Week low 35.15
P/E 44.31
Mkt Cap.(Rs cr) 34
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 48.45
CLOSE 46.65
VOLUME 629
52-Week high 63.75
52-Week low 35.15
P/E 44.31
Mkt Cap.(Rs cr) 34
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ruttonsha International Rectifier Ltd. (RUTTONSHAINTL) - Auditors Report

Company auditors report

To the Members of Ruttonsha International Rectifier Limited

Report on the Financial Statements

1. We have audited the accompanying financial statements of Ruttonsha InternationalRectifier Ltd. ("the Company") which comprise the Balance Sheet as at March31 2015 the Statement of Profit and Loss the Cash Flow Statement for the year thenended and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

2. The Company’s Board of Directors is responsible for the matters stated inSection 134(5) of the Companies Act 2013 ("the Act") with respect to thepreparation of these financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditors' Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit. We have taken into account the provisions of the Act the accounting andauditing standards and matters which are required to be included in the audit report underthe provisions of the Act and the Rules made thereunder.

4. We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

5. An audit involves performing procedures to obtain audit evidence about the amountsand the disclosures in the financial statements. The procedures selected depend on theauditors’ judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give a true and fair view in order to designaudit procedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the Company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of the accounting policies used andthe reasonableness of the accounting estimates made by the Company’s Directors aswell as evaluating the overall presentation of the financial statements.

6. We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

Opinion

7. In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India of the state of affairs of the Company as at 31s1March 2015 its profits and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

8. As required by the Companies (Auditors’ Report) Order 2015 ("theOrder") issued by the Central Government of India in terms of Section 143(11) of theAct we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 ofthe Order.

9. As required by Section 143(3) of the Act we report that :

(a) we have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purpose of our audit;

(.) in our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books;

(c) the Balance Sheet the Statement of Profit and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of account;

(d) in our opinion the financial statements comply with the Accounting Standardsspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014;

(e) on the basis of written representations received from the Directors as on 31s'March 2015 and taken on record by the Board of Directors none of the Directors of theCompany is disqualified as on 31st March 2015 from being appointed as aDirector in terms of Section 164 (2) of the Act;

(f) With respect to other matters to be included in the Auditors’ Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us :

i. The Company does not have any pending litigations and accordingly it has no impacton its financial position in its financial statements.

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

iii. The Company was not required to transfer any amounts to the Investor Education andProtection Fund during the year and accordingly the question of delay does not arise.

For AJAY SHOBHA & Co.
Chartered Accountants
(Registration No. 317031E)
(AJAY GUPTA)
Place : Mumbai Partner
Date : 27h May 2015 M. No.053071

ANNEXURE TO THE INDEPENDENT AUDITORS’ REPORT

(Referred to in Paragraph 8 under "Report on Other Legal and RegulatoryRequirements" section of our Report of even date)

1. In respect of the Company’s fixed assets :

(a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

(b) The fixed assets are physically verified by the management according to a phasedprogramme designed to cover all the items over a period which in our opinion isreasonable having regard to the size of the Company and the nature of its assets.According to the information and explanations given to us no material discrepancies werenoticed on such verification.

2. In respect of its Inventory :

(a) As explained to us the inventories other than materials in transit and materialslying with third parties were physically verified during the year by the management atreasonable intervals.

(b) In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the management werereasonable and adequate in relation to the size of the Company and the nature of itsbusiness.

(c) In our opinion and according to information and explanations given to us theCompany has maintained proper records of its inventories and no material discrepancieswere noticed on physical verification.

3. According to the information and explanations given to us the Company has notgranted any loans secured or unsecured to the companies firms or other parties coveredin the Register maintained under Section 189 of the Act. Accordingly the provisions ofClause 3(iii) (a) and (b) of the Order are not applicable to the Company and hence notcommented upon.

4. In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the Company and thenature of its business with regard to purchase of inventories and fixed assets and forthe sale of goods and services. During the course of our audit we have not observed anymajor weakness in such internal control system.

5. The Company has not accepted any deposits from the public within the meaning ofSection 73 and 74 of the Act and the rules framed thereunder to the extent notified.

6. The Central Government has not prescribed for maintenance of cost records underSection 148 of the Act. Accordingly the provisions of Clause 3(vi) of the Order is notapplicable to the Company.

7. According to the information and explanations given to us in respect of statutorydues :

(a) The Company has generally been regular in depositing undisputed dues includingProvident Fund Employees’ State Insurance Income Tax Sales Tax Service TaxCustom Duty Excise Duty Value Added Tax Cess and other material statutory duesapplicable to it with the appropriate authorities.

(b) There were no undisputed amounts payable in respect of Provident fundEmployee’s State Insurance Income Tax Sales Tax Service Tax Custom Duty ExciseDuty Value Added Tax Cess and other material statutory dues in arrears as at 31stMarch 2015 for a period of more than six months from the date they became payable.

(c) According to the records of the Company no dues of Income Tax Sales Tax ServiceTax Custom Duty Excise Duty Value Added Tax or Cess are outstanding on account of anydispute.

(d) According to the information and explanations given to us the Company is notrequired to transfer any amount to Investor Education and Protection Fund in accordancewith the relevant provisions of the Companies Act 1956 (1 of 1956) and the rules madethereunder.

8. The Company has no accumulated losses as at the end of the financial year and it hasnot incurred any cash losses during the financial year covered by our audit and in theimmediately preceding financial year.

9. In our opinion and according to the information and explanations given to us theCompany has not defaulted in the repayment of dues to banks. The Company has not obtainedany loan from financial institutions and debenture holders.

10. According to the information and explanations given to us the Company has notgiven any guarantee for loans taken by others from banks or financial institutions.

11. According to the information and explanations given to us the term loans have beenapplied by the Company during the year for the purposes for which they were obtained.

12. To the best of our knowledge and according to the information and explanationsgiven to us no frauds by the Company and no material fraud on the Company has beennoticed or reported during the year.

For AJAY SHOBHA & Co.
Chartered Accountants
(Registration No. 317031E)
(AJAY GUPTA)
Place : Mumbai Partner
Date : 27th May. 2015 M. No.053071