Financial Year: 2023
Here is a detailed summary of the provided PDF document:
Independent Auditor's Report
Rajesh Thakur & Associates, Chartered Accountants, have audited the standalone financial statements of DELTA GALAXY ENGINEERING SERVICES PRIVATE LIMITED, which include the Balance Sheet as of March 31, 2023, the Statement of Profit and Loss for the year then ended, and a summary of significant accounting policies and explanatory information.
Management's Responsibility for Financial Statements
The Company's Board of Directors is responsible for preparing standalone financial statements that give a true and fair view of the financial position, financial performance, and cash flows, in accordance with accounting principles generally accepted in India, including Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014. This includes maintaining adequate accounting records, safeguarding assets, preventing fraud, selecting appropriate accounting policies, making reasonable judgments, and maintaining adequate internal financial controls.
Auditor's Responsibility
The auditor's responsibility is to express an opinion on the standalone financial statements based on their audit, taking into account the provisions of the Act, accounting and auditing standards, and relevant rules. The audit was conducted according to the Standards on Auditing specified under Section 143(10) of the Act, requiring compliance with ethical requirements and performance of the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. The audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements, assessing risks of material misstatement, considering internal financial control relevant to the Company's preparation of the financial statements, evaluating accounting policies, and assessing the overall presentation of the financial statements. The auditors believe that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion.
Opinion
The standalone 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, of the state of affairs of the Company as at 31st March, 2023, and its profits & loss for the year ended on that date.
Report on Other Legal and Regulatory Requirements
The Companies (Auditor's Report) Order, 2016 is not applicable.
The auditors report that:
"Annexure A" - Report on Internal Financial Controls
This section refers to the auditor's report on the internal financial controls over financial reporting as required by Section 143 of the Companies Act, 2013.
Opinion on Internal Financial Controls
According to the information and explanations given to the auditors and based on their audit, the following material weakness has-been identified as at March 31, 2023:
Except for the possible effects of the material weakness described above on the achievement of the objectives of the control criteria, the Company has maintained, in all material respects, adequate internal financial controls over financial reporting.
Notes to the Financial Statements (Note No:1.)
These notes pertain to the period ended March 31, 2023, for M/S DELTA GALAXY ENGINEERING SERVICES PRIVATE LIMITED.
Company Information: DELTA GALAXY ENGINEERING SERVICES PRIVATE LIMITED is a private limited company incorporated in India on 27/12/2011 (CIN-U45204BR2011PTC017932) with its registered office at FLAT NO- 4B, SAI NILYAM APARTMENT, POLICE COLONY, ROAD NO. 02, ANISHABAD, PATNA-800002.
Nature of Operation: The Company is primarily involved in the business of Trading & manufacturing of construction materials & its allied areas.
Significant Accounting Policies:
Additional Disclosures:
Other Notes:
Other Information:
The statement of significant accounting policies and the notes form an integral part of the Accounts for the period ended March 31, 2023.
Directors' Report
The Directors present the 12th Annual Report, including audited accounts for the financial year ended March 31, 2023. The summarized financial results include:
The Board proposes to carry to reserve & surpluses the amount of Rs. 27,171,771.41. The Directors have reviewed the business operations and found them satisfactory and are continuously looking for avenues for future growth. No material changes and commitments affecting the financial position of the Company occurred.
Form No. MGT-9 (Extract of Annual Return)
Financial Statements Extracts
The document includes detailed balance sheets, profit and loss statements, and notes on accounts with information on:
Overall Summary
The document presents the independent auditor's report and financial statements of Delta Galaxy Engineering Services Private Limited for the year ended March 31, 2023. While the audit identifies a material weakness in internal controls related to cash/bank transactions and asset management, the auditor's opinion states that the financial statements present a true and fair view of the company's state of affairs. The financial statements include detailed information on the company's assets, liabilities, equity, revenue, expenses, and significant accounting policies.
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