Professional Documents
Culture Documents
TELECOM tTD
Gorporate
A-60. Naraina
8INDIA
New Delhi-110
TEL. : 91-11-41 11070 171 172
194
FAX:91-11
E-mail :
The Stoc
Exchange, Mumbai
Phiroz
Dalal St
jeebhoy Towers
srl/cs/924712016
2B'r'May,2016
This
to inform you that pursuant to the provisions of the Regulation 29 and read with
ion 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure
you that in the lJoard Meeting
Requi ments) Regulations,2015 ("Listing Regulations"),we infonn
,nl..l's",r,i" i, ,t'o May,2a\6, tne iualtJa Financial Results for the Quarler ended 3 l" March,
held
Financial Year ended 31"
2016 rd the Audited Standalone Financial Results of the Company for the
We are enclosing
2016, were considered, approved and taken on record, amongst other business'
M
and
h the Statement of euO'iieO Financial Results for the Quarter ended 3l'' March,2016
he
Liabilities,
&
Assets
of
Staternent
witlr
the
along
2016
Audi I Standalone for the year ended 31" March,
ion under SEBI Circular No. CIR/CFD/CMD:56:2016 dated 2J't' May,2016, Forni A and
Dec
Regul
The
se
conclu
will be published in one English Daily and a Hindi newspaper within 48 hours of the
ion of this Board Meeting in accordance with the provisions contained in the SEBI(LODR)
results
incerely
F or
VICE
&
Encl:
Audited Financial Results for the Quarter ended 31" March, 2016 and Audil.ed Standalone
Financial Results for the year ended 31" March, 2016 along with the Statement of Assets &
Liabilities.
(2
Declaration under SEBI Circular No. CIR/CFD/CMD/5612016 dated2T'" May, 2016
Form A
) Independent Auditor RePort
(l
(RAJASTHI\N) INDIA
: MTS Tower, 3, Amrapali circle, Vaishali Nagar, Jaipul-99?-021
5100310
Phone:91- 0141- 5100343 Fax:91 0141
CIN : L32202RJ1 992PLCA1775O
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Corporate
ialArea, Phase-|,
A-60. Naraina I
INDIA
New Delhi-110
TEL. : 91-11-41 11070171172
FAX: 91-11E-mail : i
amtelecom.com
llUebsite:www.
TION
SHYIR]N
TELECOTN LTD
Company
This is ereby affirmed and declared that the Statutory Auditors of the
M/s M
Co
Audito
Goel
Statemerrts of the
for the year ended 31" March, 2016 and has given their Independent
,s
AM TELECOM LIMITED
\--\
DIRE foR
Regd. Office : MTS Tower, 3, Amrapati Circle, Vaishali Nagar, Jaipur-302021 (RAJASTHAN) INDIA
Phone :91- 0141- 5100343 Fax:91 - 0141 - 5100310
CIN : L32202RJ1 992PLC0177 5iA
Gorporate Office
AS0, Naraina
SHUIHlTl
LTD
TELECOM
Area, Phase-|,
New Delhi-110028 (
t71 t72
TEL.: 91-1141411
FAX :91-11-25792
amtelecom.com
E-mail :
amtelecom.com
Website:
2015
ulation
Telecom Limited
For
HYAM TELECOM LI
-C/\ \ \ * *-/
irman of Audit
Director
For
-74"*h
YAM TELEC
ommlttee
& COMP.ANII
V*
,'r
Chartered Acco
un
Clo.
tants
We
LIM
t of Profit and Loss, the Cash Flow Statement for the year then ended, and
The
the
fina
to the
and
Audi
Our
of the Act for safeguarding the assets of the Company and for preventinrg and
frauds and other irregularities; selection and application of appropriate accounting
making judgments and estimates that are reasonable and prudent; and dlesign,
tion and maintenance of adequate internal financial controls, that were operating
for ensuring the accuracy and completeness of the accounting records, rerlevant
ion and presentation of the financial statements that give a true and fair view
free from material misstatement, whether due to fraud and error.
Responsibility
bility is to express an opinion on these standalone financial statements based
on
We
and
Act
We
req ul
the fi
An
taken into account the provisions of the Act, the ar:counting and auditing standards
tters which are rec;uired to be included in the audit report under the provisions of the
the Rules made there under.
that give a true and fair view in order to design audit procedures that are
Branch Ofiice : E-25, Sector-63, Noida (U.P.)- 201 301 Tel, : 95120 - 4320478
E-mail . mg@mehragoelco.com Website: ww\,v.mehrag0elc0.com
wheth
reporting and the operating effectiveness of such controls. An altdit also. inrcludesitre afpropriateness of the accounting policies used and the rqasonableness.of
rting estimates made by the Company's Direclors, as well qs evaluating the
presentation of the financial statements'
that the audit evidence we have obtained is suffficient and apprfrpriate to prrovide
for our audit opinion on the standalone financial stat'ements.
We
a
Opini
ln our
US,
the
31st
nion and to the best of our information and according to the expfanations given to
aforesaid standalone financial statements give the information reQuired by the Act in
qive a true and fair view in conformity
conformity with the accounting
reouired and give
nner so required
generally accepted in India, of the state of affairs of the Company as at
,20rc, and its profit and its cash flows for the year ended on theit date.
of Matter
Wed
attention
matter
had
ator vide his order dated 24th Jan,2014 has dirccted the company to pay ARM
11.50 Crores along with interest of Rs 16.37 Crores totaling Rs.27.87 Crores on
Ltd.
of payout. The inlterest shall be payable upto the date of payment. ln addition to the
above he has further awarded USD 5,00,000 at the conversion rate prevailing on 24.0'1,2014
plus i
@ 9% p.a. from the date of award till the date of payment which comes to rs
and Rs 20 Lakhs payable to ARM Ltd as arbitratiion Cost.
3.72
The
The c
Act, 1
Court
and tl
been
Our
has filed an application under section 34 o,f the Arbitration and Conciliation
against the said order before the Hon'ble Delhi High Court. The Ffon'ble Delhi High
issued notice in the said application (which has the effect of stpy on the arward),
matter is presently sub-judice before the Hon'ble Etelhi High Cou(. As per thre legal
produced to us by the Company, the company expects to win the case and hence no
for the liability has been considered in the accounts. The outsta4ding amount has
cluded under Contingent Liabilities.
1. As
2. As
I have sought and obtained all the information and r:xplanations w$ich to the best of
r knowledg6 and belief were necessary for the purppses of our audit;
(a)
(b)
he Balance Sheet, the Statement of Profit and Loss, and the Caslil Flow Statement
with by this report are in agreement with the boolks of account ;
(c)
(d)
our opinion, proper books of account as required by law have peen kept lby the
,rpuny so far'as i1t appears from our examination of those books;
ln
the basis of the written representations receivecl from the dirept.ors as on 31st
,tr. ZO1O taken on record by the Board of Direrclors., none of the direc'tors lsiJfifi"O'Ls-on gtst March,2bt6 from beihg appointed as a dirpctor in tenms of
164 (2)of the Act.
respect to the adequacy of internal financial contr,lls over financiTl reporting of the
any anO the operating 6ffectiveness of such control ,refer to our separate rerport in
i.
The Company has disclosed the impact of p'ep6;nn litigatiorls 9n its financial
i.
The Company has made provision, as required under the gpplicable law or
accounting sltandards, for material foreseeable losses. RefQr Note 26 to the
financial statements..
iii.
For
(FRN
EI,L
R.t
Par
(M.
6102)
New Delhi
May 28, 2016
to be transfprred to
Investor
to in
on Other Legal
and Regulatory
a.
The Company has generally maintained proper records showing full particulars
b.
The fixed assets covering significant value havr: been physicafly verified by the
management during the year, which in our opinion is reasonaQle, having regard
to the size of the Company and the nature of its business. Orl the basis of the
information and explanations given by tfre managemept, no nlaterial
discrepancies have been noticed on such verification
c.
ln respect of inventory:
The inventory of the Company in its possession has been phyisically veriliied by
the management at reasonable intervals. Stocks in the posse$sion and custody
of third parties and stocks-in-transit as on Marchr 31, 2016, havp been verified by
the management with reference to confirmatio,ns or statemefpts of account or
correspondence of the third parties or subsequerrt receipt of goqds. In our opinion
the frequency of verification is reasonable.
The procedure of physicalverification of inventonies followed by the management
is reasonable and adequate in relation to the size of the Company and the nature
of its business.
The
discrepancies noticed on physical verification of inventory as Qompared to book
records were not materialand these have been properly dealt with in the books of
account.
The Company has not granted any loans, secured or unsecuied to companies,
firms and other parties covered in the register maintained under section 189 of
the Act.
j
I
In our opinion and according to information and explanation given to us, the
Company has not accepted any deposits coverrad under section 73 ep snrl other
provisions of the companies act2013..
vt.
vil.
a.
b.
werero dues in
o{
Customs,
Excise,..Dgty
Duty
of
Tax,
ie"plCt 5t income
Qess, Sales Tax,
According to the information and explanations give-n to us, there
Service Tax, Value Added Tdx and Wealth Tax which have nQt been deprosited
on account of any dispute except the following:
Name of
Nature of
the Dues
Tax
lncome Tax
Assessment Year
2007-2008
44.87
IIAT
Tax
lncome Tax
Assessment Year
2008-2009
2!"3.17
IiTAT
Tax
lncome Tax
Assessment Year
2009-2010
3i0.73
ITAT
Tax
lncome Tax
Assessment Year
l',4.41
C|T(Appeals)
itatute
lncome
Act,1961
lncome
Act,1961
lncome
Act,1961
lncome
2011-2012
Act,1961
Tax
lncome
lncome Tax
Assessment Year
2012-2013
sr3.51
CIT(Appeafts)
VAT
FY 2011-12
5i7.59
FY 2012-13
16.62
Assistant
Commissioner Grade
2 (Appeals)
Act,1961
UP VAT AC
The Company has not issued any debentures and has not bgrrowed any fund
from financial flnstitutions. The company has not defaulted in repayment o,f dues
to the bank.
tx.
The Company did not raise any money by way of iniiial public offer or further
public offer (fncluding debt instruments) ancl term loans during the year.
Accordingly, paragraph 3 (ix) of the Order is not applicable.
In our opinion and according to the information and explanationg given to ur;, the
Company is not a nidhicompany. Accordingly, piaragraph 3(xii) of the Order is not
applicable.
The Company is not required to be registered under section 45-lA of the Reserve
Bank of India Act 1934.
For
ch;
(FR
R.K.
P
(M"
6102)
Coml
Wel
Terlecom
(.the Company") as of 31 March 2016 in conjunctiott with our audit of the stanrdalone
l'statemenis of the Company for the year ended on that date.
Limit
finan
rs' ResponsibilitY
sponsibility is to express an opinion on the Companll's internal finaficial controls over
reporting based on our audit. We conducted our audit in acqordance with the
Note on Audit of lnternal Financial Controls over Financial Reporting (the
l'Guid nce Note") and the Standards on Auditing, issued by lCAl anfl deemed to be
rd under section 143(10) of the Companies Act, 2C113, to the exteqt applicable to an
internal financial controls, both applicable to an audit of Internal Financial Controls
audit
issued by the Institute of Chartered Accountants of lndia. Those Standards and
and,
Note require that we comply with ethical recluirements and plan'and prerform
the
to obtain reasonable assurance about whether aclequate internal financial controls
the a
nancial reporting was established and maintainecl and if such controls oprerated
in all material respects.
A
Our
Our
inte
involves perfornning procedures to obtain audit evidence about the adequacy of the
financial controls system over financial reporting elnd their opera{ing effectiveness.
Our
lit of internal
We
that the audit evidence we have obtained is sulficient and appropriate to provide
for our audit opinion on the Company's internarl financial controls systern over
reporting.
fin
rg
expe
the
ln our opinion, the Company has, in all material respects, an adequate internal financial
; system over financial reporting and such internal financial contrpls over financial
tg were operating effectively as at 31 March 2016, brased on the intBrnal contncl over
ll
For l\
Char
(FRN
Accountants
7N)
R.K.
P
(M.
6102)
Date:
New Delhi
29,2016