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    The accounting firm Bansal Bansal & Co. conducted a limited review of Comfort Intech Limited's financial results for the quarter ended September 30, 2014. The review found that Comfort Intech did not make a provision for income tax for the quarter and half year, and that the Reserve Bank of India cancelled the company's registration to operate as a non-banking financial institution, which the company has appealed. Except for the impact of these two matters, the accounting firm found no issues with how the financial results were prepared and disclosed.

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    PDF Processed With Cutepdf Evaluation Edition

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    The accounting firm Bansal Bansal & Co. conducted a limited review of Comfort Intech Limited's financial results for the quarter ended September 30, 2014. The review found that Comfort Intech did not make a provision for income tax for the quarter and half year, and that the Reserve Bank of India cancelled the company's registration to operate as a non-banking financial institution, which the company has appealed. Except for the impact of these two matters, the accounting firm found no issues with how the financial results were prepared and disclosed.

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    Financial Results & Limited Review for Sept 30, 2014 [Result]

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    The accounting firm Bansal Bansal & Co. conducted a limited review of Comfort Intech Limited's financial results for the quarter ended September 30, 2014. The review found that Comfort Intech did not make a provision for income tax for the quarter and half year, and that the Reserve Bank of India cancelled the company's registration to operate as a non-banking financial institution, which the company has appealed. Except for the impact of these two matters, the accounting firm found no issues with how the financial results were prepared and disclosed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    56 views7 pages

    PDF Processed With Cutepdf Evaluation Edition

    Uploaded by

    Shyam Sunder
    The accounting firm Bansal Bansal & Co. conducted a limited review of Comfort Intech Limited's financial results for the quarter ended September 30, 2014. The review found that Comfort Intech did not make a provision for income tax for the quarter and half year, and that the Reserve Bank of India cancelled the company's registration to operate as a non-banking financial institution, which the company has appealed. Except for the impact of these two matters, the accounting firm found no issues with how the financial results were prepared and disclosed.

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    com

    Bansal Bansal & Co.

    Chartered Accountants
    Limited Review Report
    Review Report to
    The Board of Directors
    Comfort Intech Limited
    1. We have reviewed the accompanying statement of unaudited financial results of Mis Comfort Intech
    Limited for the quarter ended September 30, 2014 (the statement), except for the disclosures regarding
    'Public Shareholding' and 'Promoter and Promoter Group Shareholding' which have been traced from
    disclosures made by the management and have not been audited by us. These quarterly financial
    results have been prepared on the basis of the interim financial statements, which is the responsibility
    of the company's management and has been approved by the Board of Directors. Our responsibility is
    to issue a report on these financial results based on our review.
    2. We conducted our review of the statement in accordance with the standard on Review Engagements
    (SRE) 2410 'Review of the Interim Financial Information Performed by the Independent Auditor of the
    Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan
    and perform the review to obtain moderate assurance as to whether the financial statements are free of
    material misstatement(s). A review is limited primarily to inquiries of Corporation persoIU1el and
    analytical procedures applied to financial data and thus provide less assurance than an audit. We have
    not performed an audit and accordingly, we do not express an audit opinion.

    3. The company has not made provision for Income tax for the Quarter & Half year ended
    September 2014.

    on 30th

    4. Reserve Bank of India wide its order dated 24Th September 2014 has Cancelled Certificate of
    Registration issued to the Company to carry on the business of a Non - Banking financial Institution
    The company has filed an appeal before the appellate authority for non-banking finance company,
    Government of India against the above cancellation order.

    5. Based on our review conducted as stated above, except for the effect of the matter described in
    paragraph 3 & 4 above, nothing has come to our attention that cause us to believe that the
    accompanying unaudited financial result prepared in accordance with recognition and measurement
    principles laid down in Accounting Standard 25 "Interim Financial Reporting", notified pursuant to the
    Companies practices and policies has not disclosed the information required to be disclosed in terms of
    clause 41 of the listing Agreements including the maIU1er in which it is to be disclosed, or that it
    contains any material misstatement.

    For Bansal Bansal & Co.


    Chartered Accountants
    Firm Reg. No. 100986W

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    Anand Orolia
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    Partner
    ,9;
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    M. No. 036718
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    Date: 15 th November 2014
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    Place: Mumbai

    120, Bu ilding No. 6, Mittal Industria l Es a'e, Andheri Kurla Road , Andheri (E), Mumbai - 400 059.
    Tel. : +9 1 22 66f)? ?444 ~9.X +9 1 22 6662 2'1 23 E ~~: ! . ~~ : ~@ ba~3a:baiiSCi L cCiili

    Bansal Bansal & Co.

    Chartered Accountants
    Consolidated Limited Review Report
    Review Report to
    The Board of Directors
    Comfort Intech Limited
    1. We have reviewed the accompanying consolidated statement of unaudited financial
    results of MIs Comfort Intech Limited for the quarter ended September 30, 2014 (the

    statement), except for the disclosures regarding 'Public Shareholding' and 'Promoter
    and Promoter Group Shareholding' which have been traced from disclosures made by
    the management and have not been audited by us. These quarterly financial results
    have been prepared on the basis of the interim financial statements, which is the
    responsibility of the company's management and has been approved by the Board of
    Directors. Our responsibility is to issue a report on these unaudited financial results
    based on our review.
    2. We conducted our review of the statement in accordance with the standard on Review
    Engagement (SRE) 2410 ' Review of the Interim Financial Information Performed by
    the Independent Auditor of the Entity', issued by the Institute of Chartered
    Accountants of India. This standard requires that we plan and perform the review to
    obtain moderate assurance as to whether the financial statements are free of material
    misstatement(s). A review is limited primarily to inquiries of Company personnel and
    analytical procedures applied to financial data and thus provide less assurance than
    an audit. We have not performed an audit and accordingly, we do not express an
    audit opinion.
    3. Without qualifying our report, attention is invited to following Consolidation of
    accounts of Subsidiaries is made on the basis of accounts submitted by the
    Management, and the same are not reviewed by the Auditors.
    4

    The company has not made provision for Income tax for the Quarter & Half year
    ended on 30 th September 2014.

    5 Reserve Bank of India wide its order dated 24Th September 2014 has Cancelled
    Certificate of Registration issued to the Company to carry on the business of a Non
    Banking financial Institution. The company has filed an appeal before the appellate
    authority for non-banking finance company, Government of India ag' 0\ , above
    cancellation order.
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    120, Building No 6 , Mittal Industri a! Estate. Andheri Kurla Road , Andheri (E) , Mumbai - 400 OSS
    Tel. : +91 22 6662 2444 Fax. +91 226662 2423 E-mail : [email protected]

    6 Based on our review conducted as stated above, except for the effect of the matter
    described in paragraph 3, 4 & 5 above, nothing has come to our attention that cause us
    to believe that the accompanying unaudited financial result prepared in accordance
    with recognition and measurement principles laid down in Accounting Standard 25
    "Interim Financial Reporting", notified pursuant to the Companies practices and
    policies has not disclosed the information required to be disclosed in terms of clause
    41 of the listing Agreements including the manner in which it is to be disclosed, or
    that it contains any material misstatement.

    For Bansal Bansal & Co.

    Chartered Accountants

    . Firm Reg. No. 100986W

    Jt ~.A)

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    Anand Orolia
    :~\
    SA 1 /~<j
    Partner
    ~" ......
    /-:>/

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    M. No. 036718
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    Date: 15th November 2014

    Place: Mumbai

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