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Ankush Finstock Ltd.

BSE: 531519 Sector: Financials
NSE: N.A. ISIN Code: INE784D01015
BSE LIVE 14:31 | 21 Sep 8.20 0.30






NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 8.00
52-Week high 23.25
52-Week low 7.51
P/E 91.11
Mkt Cap.(Rs cr) 5
Buy Price 8.10
Buy Qty 5.00
Sell Price 8.20
Sell Qty 72.00
OPEN 8.00
CLOSE 7.90
52-Week high 23.25
52-Week low 7.51
P/E 91.11
Mkt Cap.(Rs cr) 5
Buy Price 8.10
Buy Qty 5.00
Sell Price 8.20
Sell Qty 72.00

Ankush Finstock Ltd. (ANKUSHFINSTOCK) - Auditors Report

Company auditors report


Report on the Financial Statements :

We have audited the accompanying Financial statements of ANKUSH FINSTOCK LIMITED("the company")which comprise the Balance Sheet as at 31 March 2015 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of significant 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 the 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 specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes the maintenance of adequate accounting records in accordancewith the provision of the Act for safeguarding of the assets of the Company and forpreventing and detecting the frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrol that were operating effectively for ensuring the accuracy and completeness of theaccounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

Auditor’s 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 whether the financial statements are freefrom 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 true and fair view in order to designaudit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by Company’s Directors as well as evaluating the overallpresentation 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 aforesaid financial statements give the information required by the Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India:-

a) in the case of the Balance Sheet of the state of affairs of the Company as at 31stMarch 2015;

b) in the case of the Statement of Profit and Loss of the loss for the year ended onthat date; and

c) in the case of the Cash Flow Statement of the cash flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements :

1. As required by the Companies (Auditor’s Report) Order 2015 issued by theCentral Government of India in terms of sub-section (11) of section 143 of the Act (hereinafter referred to as the " Order") and on the basis of such checks of thebooks and records of the company as we considered appropriate and according to theinformation and explanations given to us we give in the Annexure a statement on thematters specified in the paragraph 3 and 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 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 Financial Statements comply with the AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014.

(e) on the basis of the written representations received from the Directors as on 31stMarch 2015 are taken on record by the Board of Directors none of the Director isdisqualified as on 31st March 2015 from being appointed as a Director in terms of Section164 (2) of the Act.

(f) with respect to the other matters to be

included in the Auditor’s Report in accordance with

Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinion and to thebest 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 statements ;

ii. In our opinion and as per the information and explanation provided to us theCompany has not entered into any long-term contracts including derivatives contractrequiring provision under applicable laws or accounting standards for materialforeseeable losses.

iii. the company is not required to transfer any amount to Investor Education andProtection Fund.

For DJNV & CO.
Chartered Accountants
Firm Regn. No.: 115145W
[Jayesh Parikh]
Place : Ahmedabad Partner
Date : 29th May 2015 M. No. 40650