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Aqua Pumps Infra Ventures Ltd.

BSE: 531364 Sector: IT
NSE: N.A. ISIN Code: INE005E01013
BSE LIVE 15:17 | 07 Dec 14.75 -0.75
(-4.84%)
OPEN

16.25

HIGH

16.25

LOW

14.75

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 16.25
PREVIOUS CLOSE 15.50
VOLUME 250
52-Week high 16.25
52-Week low 8.65
P/E 44.70
Mkt Cap.(Rs cr) 22.32
Buy Price 14.75
Buy Qty 154.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.25
CLOSE 15.50
VOLUME 250
52-Week high 16.25
52-Week low 8.65
P/E 44.70
Mkt Cap.(Rs cr) 22.32
Buy Price 14.75
Buy Qty 154.00
Sell Price 0.00
Sell Qty 0.00

Aqua Pumps Infra Ventures Ltd. (AQUAPUMPSINFRA) - Auditors Report

Company auditors report

To the Members of Aqua Pumps Infra Ventures Limited

Report on the Financial Statements

1. We have audited the accompanying financial statements of Aqua Pumps infraVentures Limited (the "Company") which comprise the Balance Sheet as atMarch 312015 and the Statement of Profit and Loss and Cash Flow Statement for the yearthen ended and a summary of significant accounting policies and other explanatoryinformation which we have signed under reference to this report.

Management's Responsibility for the Financial Statements

2. The CompanyRss Board of Directors is responsible for 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 accordancewith 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 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.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit.

4. We have taken into account the provisions of the Act and the rules made there underincluding the accounting standards and matters which are required to be included in theaudit report.

5. We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act and other applicable authoritative pronouncements issued by theInstitute of Chartered Accountants of India.Those Standards& pronouncements requirethat we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from materialmisstatement.

6. An audit involves performing procedures to obtain audit evidence about the amountsand 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 theauditors consider internal control relevant to the CompanyRss preparation of the financialstatements that give a true and fair view in order to design audit procedures that areappropriate in the circumstances but not for the purpose for expressing opinion onwhether the Company has in place an adequate internal financial control system overfinancial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonablenessof the accounting estimates made by the CompanyRss Directors as well as evaluating theoverall presentation of the financial statements.

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

Opinion

8. 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:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March312015;

b) in the case of the Statement of Profit and Loss of the profit 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

9. As required by Rsthe Companies (AuditorRss Report) Order 2015Rs 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 paragraphs 3 and 4 of the Order.

10. 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 have been kept by theCompany so far as it appears from our examination of those books;

c) The Balance Sheet Statement of Profit and Loss and Cash Flow Statement dealt withby this Report are in agreement with the books of account;

d) In our opinion the Balance Sheet Statement of Profit and Loss and Cash FlowStatement dealt with by this report comply with the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014 and;

e) On the basis of written representations received from the directors as on March312015 and taken on record by the Board of Directors none of the directors isdisqualified as on March 31 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 AuditorRss Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our knowledge and belief and according to the information andexplanation given to us:

i) The Company does not have any pending litigations as at 31st March 2015 whichwould impacts its financial position.

ii) The Company did not have any long term contracts including derivative contracts asat 31st March 2015.

iii) There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company during the year ended 31st March 2015.

For Agarwal Desai & Shah
Chartered Accountants
F. R. No. 124850W
Sd/-
Place: Mumbai Rishi Shekri
Date: May 25 2015 Partner
Membership No. 126656

ANNEXURE TO INDEPENDENT AUDITORS REPORT

Referred to in paragraph 9 of the Independent AuditorsRs Report of even date to themembers of Aqua Pumps Infra Ventures Limited on the financial statements as of and for theyear ended March 312015.

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

b) The fixed assets are physically verified by the Management according to a phasedprogram designed to cover all the items over a period of three years which in ouropinion is reasonable having regard to the size of the Company and the nature of itsassets. Pursuant to the program a portion of the fixed assets has been physicallyverified by the Management during the year and no material discrepancies have been noticedon such verification.

ii. The Company is in the business of rendering services and consequently does nothold any inventory. Therefore the provisions of Clause 4(ii) of the said Order are notapplicable to the Company.

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.Therefore the provisions of Clause 3(iii) (iii)(a) and (iii)(b) of the said Order arenot applicable to the company.

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 inventory and fixed assets and for the saleof goods and services. Further on the basis of our examination of the books and recordsof the Company and according to the information and explanations given to us we haveneither come across nor have been informed of any continuing failure to correct majorweaknesses in the aforesaid internal control system.

v. The Company has not accepted any deposits from the public within the meaning ofSections 74 75 and 76 of the Act and the rules framed there under to the extend notified.

vi. The Central Government of India has not specified the maintenance of cost recordsunder sub-section (1) of Section 148 of the Act for any of the products of the Company.

vii. a) According to the information and explanations given to us and the records ofthe Company examined by us

in our opinion the Company is regular in depositing the undisputed statutory duesincluding provident fundemployee's state insurance income tax sales tax wealth taxservice tax duty of customs duty of excise value added tax and other material statutorydues as applicable with the appropriate authorities.

b) According to the information and explanations given to us and the records of theCompany examined by us there are no dues of income-tax sales-tax wealth-taxservice-tax duty of customs duty of excise or value added tax which have not beendeposited on account of any dispute.

c) There are no amounts required to be transferred by the Company to the InvestorEducation and Protection Fund in accordance with the provision of the Companies Act 1956and the rules made thereunder.

viii. The Company has no accumulated losses as at the end of the financial year and ithas not incurred any cash losses in the financial year ended on that date or in theimmediately preceding financial year.

ANNEXURE TO INDEPENDENTAUDITORSRs REPORT

Referred to in paragraph 9 of the Independent AuditorsRs Report of even date to themembers of Aqua Pumps Infra Ventures Limited on the financial statements as of and for theyear ended March 312015.

ix. As the Company does not have any borrowings from any financial institution or banknor has it issued any debentures as at the balance sheet date the provisions of Clause3(ix) of the Order are not applicable to the Company.

x. In our opinion and according to the information and explanations given to us thecompany has not given any guarantee for loans taken by others from banks or financialinstitutions during the year. Therefore the provisions of Clause 3(x) of the Order arenot applicable to the Company.

xi. The Company has not raised any term loans. Accordingly the provisions of Clause3(xi) of the Order are not applicable to the Company.

xii. During the course of our examination of the books and records of the Companycarried out in accordance with the generally accepted auditing practices in India andaccording to the information and explanations given to us we have neither come across anyinstance of material fraud on or by the Company noticed or reported during the year norhave we been informed of any such case by the Management.

For Agarwal Desai & Shah
Chartered Accountants
F. R. No. 124850W
Sd/-
Place: Mumbai Rishi Shekri
Date: May 25 2015 Partner
Membership No. 126656

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