SPANGLE MARKETING LIMITED
BALANCE SHEET AS AT 31ST MARCH 2012
( Rupees )
Particulars Note No Figures as at the end of current year 31st March, 7n17 Figures as at the end of previous year 31st March, 71311 I EQUITY AND LIABILITIES (1) Shareholder’s Funds (a) Share Capital 22,521,910.00 22,521,910.00 (b) Reserves and Surplus (2,020,230.53) (1,850,200.72) (2) Current Liabilities (a) Other current liabilities 98,379.00 85,460.00 (b) Short-term provisions 224,226.00 224,226.00 Total 20,824,284.47 20,981,395.28 II Assets 00 011 (1) Non-current assets (a) Fixed assets (I) Tangible assets 2,046,482.95 2,056,363.95 (b) Non-current investments 18,331,748.29 18,331,248.29 (2) Current assets Cash and cash equivalents 244,845.23 392,575.04 Other current assets 201,208.00 201,208.00 Total 20,824,284.47 20,981,395.28
NOTES ON ACCOUNTS
As per our report of even date attached herewith
For K Tu Cha er
US Part M No: 8084
Kolkata Dated: ISM day of
G. K. TULSYAN & COMPANY CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF SPANGLE MARKETING LTD
Report on the Financial Statements
We have audited the accompanying financial statements of SPANGLE MARKETING LTD. ( “The Company”) which comprise the Balance Sheet as at 31st March, 2014 and the Statement of Profit and Loss for the year then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statement Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the Accounting Standards notified under the Companies Act, 1956 read with General Circular 15/2013 dated 13th September, 2013, issued by the Ministry of Corporate Affairs, in respect of Section 133 of the Companies Act, 2013. This ON responsibility includes the design, implementation and maintenance of the 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.
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 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. 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 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 31st March, 2014.
(b) In the case of the Statement of Profit and Loss of the Profit for the year ended on that date.