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Anukaran Commercial Enterprises Ltd.

BSE: 512355 Sector: Others
NSE: N.A. ISIN Code: INE090G01028
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Anukaran Commercial Enterprises Ltd. (ANUKARANCOMMERC) - Auditors Report

Company auditors report

TO THE MEMBERS OF

M/S ANUKARAN COMMERCIAL ENTERPRISES LIMITED

Report on the financial statements

We have audited the accompanying financial statements of M/s Anukaran CommercialEnterprises Limited (“the company”)which comprise the Balance Sheet as at March312015 the statement of profit and Loss and Cash Flow statement for the year then endedand a summary 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 ‘Act7) with respect to thepreparation and presentation of these financial statements that give a true and fair viewof the financial position 8b financial performance 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 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.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Standards on Auditing under Section143(10) of the Act. Those Standards require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatements.

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 control relevant to the company’s preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and reasonableness of the .i- ;sting estimates made bymanagement as well 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.

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 Balance sheet of the state of affairs of the company as at March312015;

b) In the case of statement of Profit and Loss of the profit for the year ended onthat date; and

c) In the case of cash Flow statements of the cash flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order 2015 (the Order) issued bythe Central Government of India in terms of sub-section (11) of section 143 of the Act wegive in the Annexure a statement on the matters specified in the paragraphs 3 & 4 ofthe Order to the extent applicable.

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 8s Statement of Profit and Loss dealt with by this Report are inagreement 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

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

For NPV & Associates Chartered Accountants

Suchita Gaglani

Membership No.: 138473

Firm Registration No.: 129408W

Place: Mumbai.

Dated: 30th May2015.

ANNEXURE TO THE INDEPENDENT AUDITOR REPORT

Annexure referred to in paragraph 7 Our Report of even date to the members of M/SANUKARAN COMMERCIAL ENTERPRISES LIMITED on the accounts of the company for the year ended31st March 2015

On the basis of such checks as we considered appropriate and according to theinformation and explanations given to us during the course of our audit we report that:

i. The Company do not have any Fixed Asset. Hence the requirement of clause (i) ofparagraph 3 of the said Order is not applicable to the Company;

ii. The nature of business of the Company does not require it to have any inventory.Hence the requirement of clause (ii) of paragraph 3 of the said Order is not applicableto the Company

iii. The company has granted interest free loans secured or unsecured to/fromcompanies firms or other parties covered in the register maintained under section 189 ofthe Act. The outstanding amount as on 31st March 2015 is Rs. 50 lakhs.

iv. In our opinion and according to the information and explanations given to us thereis adequate internal control system commensurate with the size of the Company and thenature of its business for the purchase of fixed assets and for the sale of services.Further on the basis of our examination of the books and records of the Company andaccording to the information and explanations given to us no major weakness has not beennoticed or reported.

v. The Company has not accepted any deposits from the public covered under Section 73to 76 of the Companies Act 2013

vi. As informed to us the Central Government has not prescribed maintenance of costrecords under sub-section (1) of Section 148 of the Act

vii. (a) According to the information and explanations given to us and based on therecords of the company examined by us the company is regular in depositing the undisputedstatutory dues including Provident Fund Employees’ State Insurance Income-taxSales-tax Wealth Tax Service Tax Custom Duty Excise Duty and other material statutorydues as applicable with the appropriate authorities in India ;

(b) According to the information and explanations given to us and based on the recordsof the company examined by us there are no dues of Income Tax Wealth Tax Service TaxSales Tax Customs Duty and Excise Duty which have not been deposited on account of anydisputes.

(c) There has not been an occasion in case of the Company during the year under reportto transfer any sums to the Investor Education and Protection Fund. The question ofreporting delay in transferring such sums does not arise.

viii. As at 31st March 2015 the Company has been registered for less than 5 years;hence clause 4(x) of the Order is not applicable to it.

ix. According to the records of the company examined by us and as per the informationand explanations given to us the company has not availed of any loans from any financialinstitution or banks and has not issued debentures.

x. In our opinion and according to the information and explanations given to us theCompany has not given any guarantee for loan taken by others from a bank or financialinstitution during the year.

xi. In our opinion and according to the information and explanations given to us thecompany has not raised any term loans during the year.

During the course of our examination of the books and records of the company carriedin accordance with the auditing standards generally accepted in India we have neithercome across any instance of fraud on or by the Company noticed or reported during thecourse of our audit nor have we been informed of any such instance by the Management.

For NPV & Associates Chartered Accountants

Suchita Gaglani

Membership No.: 138473

Firm Registration No.: 129408W

Place: Mumbai.

Dated: 30th May2015.

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