You are here » Home » Companies » Company Overview » Anjani Finance Ltd

Anjani Finance Ltd.

BSE: 531878 Sector: Financials
NSE: N.A. ISIN Code: INE283D01018
BSE LIVE 15:14 | 01 Dec 4.99 -0.26
(-4.95%)
OPEN

4.99

HIGH

4.99

LOW

4.99

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.99
PREVIOUS CLOSE 5.25
VOLUME 100
52-Week high 5.25
52-Week low 1.82
P/E 22.68
Mkt Cap.(Rs cr) 5.06
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.99
Sell Qty 1900.00
OPEN 4.99
CLOSE 5.25
VOLUME 100
52-Week high 5.25
52-Week low 1.82
P/E 22.68
Mkt Cap.(Rs cr) 5.06
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.99
Sell Qty 1900.00

Anjani Finance Ltd. (ANJANIFINANCE) - Auditors Report

Company auditors report

To

The Members

Anjani Finance Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Anjani Finance Ltd. (the"Company") which comprise the Balance Sheet as at March 31 2015 and theStatement of Profit and Loss and Cash Flow Statement for the year then ended a summary ofsignificant accounting policies and other explanatory information.

Management’s Responsibility for the 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 preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the AccountingPrinciples generally accepted in India including the Accounting Standards notified undersection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

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 there under.

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 anddisclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give a true and fair view in order to designaudit procedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the Company has in place an adequate internal financialcontrol system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of the accounting policies used andthe reasonableness of the accounting estimates made by the Company’s Directors aswell as evaluating the overall presentation of the financial statements.

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

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the accompanying financial statements give the information required by theAct in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the states of affairs of the Companyas at 31st March 2015 its profit and its cash flows for the year ended onthat date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2015 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act and on the basis of such checks of the books and records of theCompany as we considered appropriate and according to the information and explanationsgiven to us we give in the Annexure a statement on the matters specified in paragraphs 3and 4 of the Order.

2. As required by section 143(3) of the Act we report that:

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

(b) In our opinion proper books of account as required by law relating to preparationof the aforesaid financial statements have been kept so far as it appears from ourexamination of those books;

(c) The Balance Sheet the Statement of Profit and Loss and Cash Flow Statement dealtwith by this Report are in agreement with the relevant books of account;

(d) In our opinion the aforesaid financial statements comply with the AccountingStandards notified under section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014;

(e) On the basis of written representations received from the directors as on March 312015 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2015 from being appointed as a director in terms of section 164(2) of theAct.

(f) With respect to the other matters to be included in the Auditor’s Report inaccordance with Rule 11 of the Companies (Audit and Auditor) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financialposition in its financial statement – Refer Note 19 to the financial statements;

ii. the Company does not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses;

iii. there were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company

For O. P. Bhandari & Co.
Chartered Accountants
Firm Regd. No. 112633W
O. P .Bhandari
Place : Indore (Partner)
Date : 30.05.2015 Membership No. 34409

ANNEXURE TO THE AUDITOR’S REPORT

The Annexure referred to in our report to the members of Anjani Finance Ltd. ("theCompany") for the year ended on 31st March 2015. We report that: i. inrespect of its fixed assets: a) The Company has maintained proper records showing fullparticulars including quantitative details and situation of fixed assets. b) As explainedto us these fixed assets have been physically verified by the management in accordancewith a phased program of verification which in our opinion is reasonable consideringthe size of the Company and nature of its business. According to the information andexplanations given to us no material discrepancies were noticed on such verification. ii.in respect of inventories: The company does not deal in any kind of goods. So clause ii ofparagraph 3 of the order is not applicable to the company. iii. The Company has grantedunsecured loans of ` 5064216/-to Companies covered in the register maintained undersection 189 of the Act. In respect of said loans and interest thereon there is no overdueamount. iv. In our opinion and according to the information and explanations given to usthere are adequate internal control procedures commensurate with the size of the companyand the nature of its business for the purchase of inventory fixed assets and also forthe sale of goods and services. During the course of our audit we have not observed anycontinuing failure to correct major weaknesses in internal control system. v. The Companyhas not accepted fixed deposits from the public during the year under section 73 and 76 ofthe Companies Act. Consequently clause v of paragraph 3 of the order is not applicable.vi. According to the information and explanations given to us the Company is not requiredto maintain cost records as prescribed by the Central Government under sub-section (1) ofsection 148 of the Companies Act 2013. vii. According to the information &explanations given to us in respect of statutory and other dues: a) The Company is regularin depositing with appropriate authorities undisputed statutory dues including ProvidentFund Income Tax Wealth Tax Service Tax cess and other material statutory duesapplicable to it. According to the information and explanations given to us no undisputedamounts payable in respect of outstanding statutory dues were in arrears as at March 312015 for a period of more than six months from the date they became payable. b) Accordingto the information and explanations given to us the dues outstanding of Provident FundIncome Tax Wealth Tax Service Tax Sales Tax or Cess on account of any dispute as at theend of the financial year are as follow:

Financial year to which amount relates Nature of dues Amount (`) Forum where dispute is pending
2011-2012 Income Tax 359020 C.I.T (A)

c) According to the information and explanations given to us no amount to betransferred to the investor education and protection fund in accordance with the relevantprovisions of the Companies Act1956 (1 of 1956) and rules made there under. viii. TheCompany neither has any accumulated losses nor has incurred any cash losses during thefinancial year covered by our audit and the immediately preceding financial year. ix.According to the information and explanation given to us the Company has not defaulted inrepayment of dues to a financial institution or a bank. x. To the best of our knowledgeand belief and according to the information and explanations given to us the Company hasnot given any guarantee for loans taken by others from bank or financial institutions. xi.According to the information and explanations given to us and records examined by us theterm loans have been applied for the purpose for which they were obtained. xii. Based onthe audit procedure performed and information and explanations given by the management wereport that no fraud on or by the company has been noticed or reported during the year.

For O. P. Bhandari & Co.
Chartered Accountants
Firm Regd. No. 112633W
O. P .Bhandari
Place : Indore (Partner)
Date : 30.05.2015 Membership No. 34409

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard