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A.K.Capital Services Ltd.

BSE: 530499 Sector: Financials
NSE: N.A. ISIN Code: INE701G01012
BSE LIVE 15:40 | 05 Dec 294.30 2.30
(0.79%)
OPEN

282.45

HIGH

294.80

LOW

282.45

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 282.45
PREVIOUS CLOSE 292.00
VOLUME 827
52-Week high 308.40
52-Week low 176.00
P/E 9.50
Mkt Cap.(Rs cr) 194.24
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 282.45
CLOSE 292.00
VOLUME 827
52-Week high 308.40
52-Week low 176.00
P/E 9.50
Mkt Cap.(Rs cr) 194.24
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

A.K.Capital Services Ltd. (AKCAPITALSERV) - Auditors Report

Company auditors report

To

The Members of

A. K. CAPITAL SERVICES LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of A. K. CapitalServices Limited ("the Company") which comprise the Balance Sheet as at 31 March2015 the Statement of Profit and Loss the Cash Flow Statement for the year then endedand a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese standalone 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 of 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.

Auditor's Responsibility

Our responsibility is to express an opinion on these standalone financial statementsbased on our audit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder.

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.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal control relevant to the Company's preparation of the financialstatements in order to design audit procedures that are appropriate in the circumstancesbut not for the purpose of expressing an opinion on whether the Company has in place anadequate internal financial controls system over financial reporting and the operatingeffectiveness of such controls. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made by theCompany's Directors as well as evaluating the overall presentation of the financialstatements.

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

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the state of affairs of the Companyas at 31 March 2015 its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors' Report) Order 2015 (the "Order")issued by the Central Government of India in terms of sub-section (11) of Section 143 ofthe Act we give in the Annexure a statement on the matters specified in paragraphs 3 and4 of the Order to the extent applicable.

2. As required by Section 143 (3) of the Act we reportthat:

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

(b) 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 aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014;

(e) On the basis of the written representations received from the directors as on 31March 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31 March 2015 from being appointed as a director in terms of Section164 (2) of the Act; and

(f) With respect to the other matters to be included in the Auditor's 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 which would impact its financialposition.

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

iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

FOR SURESH SURANA & ASSOCIATES LLP

Chartered Accountants

ICAI Reg. No. 121750W/W-100010

(Ramesh Gupta)

PARTNER

Membership No.: 102306 Place: Mumbai Dated: May 242015

ANNEXURE TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 1 of our report of even date)

(i) (a) The Company is maintaining proper records showing full particulars includingquantitative details and situation of fixed assets. I

(b) The Company has regular programme of physical verification of its fixed assets bywhich all the fixed assets are verified in a phased manner on yearly basis. In ouropinion the periodicity of physical verification is reasonable having regard to the sizeof the Company and nature of its assets. No material discrepancies were noticed on suchverification.

(ii) Considering the nature of business the Company does not have inventory. In viewof this paragraph3(ii)(a)3(ii)(b) and 3 (ii) (c) of the Order are not applicable to theCompany.

(iii) The Company has not granted any loans secured or unsecured to companies firmsor other parties covered in the register maintained under Section 189 of the Act.Accordingly the Paragraph 3 (iii) (a) and (b) of the Order are not applicable to theCompany.

(iv) In our opinion and according to the information and explanations given to usthere is an adequate internal control system commensurate with the size of the Company andthe nature of its business for the purchase of services and fixed assets and for the saleof services. Further we have neither come across nor have been informed of any continuingfailure to correct major weaknesses in internal control system.

(v) The Company has not accepted any deposits during the year from the public to whichthe directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76and any other relevant provisions of the Act and the rules framed thereunder apply.

(vi) In our opinion and according to the information and explanations given to us theCentral Government has not prescribed maintenance of cost records under sub-section (1) ofSection 148 of the Act.

(vii) (a) According to the information and explanations given to us the Company hasbeen generally regular in depositing undisputed

statutory dues including provident fund income tax wealth tax service tax cess andany other statutory dues with the appropriate authorities. There are no arrears ofoutstanding statutory dues as at the 31 March 2015 for a period of more than six monthsfrom the date they became payable. As informed statutory dues in the nature of employeestate insurance sales tax duty of customs duty of excise and value added tax are notapplicable to the Company.

(b) According to information and explanations given to us there are no dues on accountof sales tax wealth tax service tax duty of customs duty of excise value added taxand cess which have not been deposited with the appropriate authorities on account of anydispute except the following dues of income tax:

Name of the Statute Nature of the dues Amount Rs. Period to which the amount relates Forum where dispute is pending
Income Tax Act 1961 Income tax 1242940 April 2011 to March 2012 Deputy Commissioner of Income Tax

(c) According to the information and explanations given to us the Company hastransferred amount required to be transferred to Investor Education and Protection Fund inaccordance with the relevant provisions of the Companies Act 1956 and the rules madethereunder.

(viii) The Company has no accumulated losses as at 31 March 2015 and it has notincurred cash losses in the financial year and in the immediately preceding financialyear.

(ix) In our opinion and according to information and explanations given to us theCompany has not defaulted in repayment of dues to banks or financial institutions. TheCompany has not issued any debentures.

(x) According to information and explanations given to us the Company has givenguarantee for working capital facility and term loan facility taken by its subsidiarycompany from bank. However in our opinion the terms and conditions of the said loan areprima facia not prejudicial to the interest of the Company.

(xi) Based on information and explanations given to us the term loans have beenapplied for the purpose of which they were raised.

(xii) During the course of our examination of the books of account and records of theCompany carried out in accordance with generally accepted auditing practices in India andaccording to the information and explanations given to us we have neither come across anyinstance of fraud on or by the Company noticed or reported during the year nor have webeen informed of such case by management.

FOR SURESH SURANA & ASSOCIATES LLP

Chartered Accountants

ICAI Reg. No. 121750W/W-100010

(Ramesh Gupta)

PARTNER

Membership No.: 102306 Place: Mumbai Dated: May 242015

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