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Aryaman Financial Services Ltd.

BSE: 530245 Sector: Financials
NSE: N.A. ISIN Code: INE032E01017
BSE LIVE 09:59 | 08 Dec 25.25 -1.00
(-3.81%)
OPEN

26.30

HIGH

26.30

LOW

25.25

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 26.30
PREVIOUS CLOSE 26.25
VOLUME 10100
52-Week high 26.60
52-Week low 12.65
P/E 36.59
Mkt Cap.(Rs cr) 27.72
Buy Price 24.95
Buy Qty 500.00
Sell Price 27.55
Sell Qty 100.00
OPEN 26.30
CLOSE 26.25
VOLUME 10100
52-Week high 26.60
52-Week low 12.65
P/E 36.59
Mkt Cap.(Rs cr) 27.72
Buy Price 24.95
Buy Qty 500.00
Sell Price 27.55
Sell Qty 100.00

Aryaman Financial Services Ltd. (ARYAMANFINSERV) - Auditors Report

Company auditors report

To the Members of

Aryaman Financial Services Limited.

Report on the Financial Statements

1. We have audited the accompanying financial statements of Aryaman Financial ServicesLimited ("the Company") which comprise the Balance Sheet as at March 31 2015the Statement of Profit and Loss and 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

2. The Company’s Board of Directors are responsible for the matters stated inSection 134(5) of the Companies Act 2013 (‘the act’) with respect to thepreparation of these 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 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; 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

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

4. 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 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 todesign audit procedures that are appropriate in the circumstances but not for the purposeof expressing an opinion on whether the company has in place an adequate internalfinancial control system over financial reporting and the operating effectiveness of suchcontrols. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by the Company’sDirectors as well as evaluating the overall presentation of the financial statements

5. 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

6. 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 of the state of affairs of the Company as at 31stMarch 2015 its profit and its cash flows for the year ended on that date

Report on Other Legal and Regulatory Requirements

7. As required by the Companies (Auditor’s Report) Order 2015 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection143 of the Act we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order.

8. 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 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 applicableAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (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 other matters to be included in the Auditor’s Report inaccordance with Rule 11 of the ompanies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i) As per the best estimates made by the management on the basis of opinion taken theCompany is of the view that the ongoing litigations as at the reporting date would nothave a material impact on its financial position;

ii) Based upon the assessment made by the company there are no material foreseeablelosses on its long term contracts that may require any provisioning.

iii) In view of there being no amount(s) required to be transferred to the InvestorEducation and Protection Fund for the year under audit the reporting under this clause isnot applicable.

For Thakur Vaidyanath Aiyar & Co
Chartered Accountants
Firm’s Regn No. 000038N
C.V. Parameswar
Partner
M. No. 11541
Place: Mumbai
Date: 29.05.2015

Annexure to Auditors’ report

Referred to in our report of even date on the accounts of Aryaman Financial ServicesLimited.

for the year ended on 31st March 2015

(i) a) In our opinion and according to the information and explanations given to usthe company has maintained proper records showing full particulars including quantitativedetails and situation of fixed assets.

b) There is a phased programme for verification of fixed assets which in our opinionis reasonable having regard to the size of the company and the nature of its assets.According to the information and explanation given to us no material discrepancies werenoticed on such verification.

(ii) In our opinion and according to the information and explanations given to us theCompany does not carry any Inventory. Hence the reporting requirements under clause (ii)of paragraph 3 of the Order are not applicable to the Company.

(iii) In our opinion and according to the information and explanation given to us thecompany has not granted any loan secured or unsecured to companies firms or otherparties covered in the register maintained pursuant to section 189 of the Act. Hence thereporting requirements under sub-clause (a) and (b) of clause (iii) of paragraph 3 of theorder are not applicable.

(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 purchase of fixed assets and for the sale of services.During the course of our audit we have neither observed nor been informed by themanagement of any continuing failure to correct major weaknesses in internal controls.

(v) In our opinion and according to the information and explanations given to us thecompany has not accepted any deposits during the period under audit. Consequently thedirectives issued by Reserve Bank of India and the provisions of Sections 73 to 76 of theAct and the rules framed there under are not applicable.

(vi) We have been informed that the Central Government has not prescribed maintenanceof cost records under Section148(1) of the companies Act 2013 .

(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 Service Tax and other material statutory dues as applicable with theappropriate authorities in India;

b) According to the information and explanations given to us there are no applicablestatutory dues which have not been deposited on account of any dispute.

c) In view of there being no amount(s) required to be transferred to the InvestorEducation and Protection Fund for the year under audit the reporting under this clause isnot applicable.

(viii) The accumulated losses of the company as at the Balance sheet date are less thanfifty percent of its net worth. Further the company has not incurred cash losses duringthe financial year as well as in the immediately preceding financial year.

(ix) Based upon the audit procedures carried out by us and on the basis of theinformation and explanations provided by the management we are of the opinion that thecompany has not defaulted in repayment of dues to banks or financial institutions ordebenture holders.

(x) In our opinion and according to the information and explanations given to us thecompany has not given guarantees for loans taken by others from banks or financialinstitutions. Therefore the reporting requirements under clause (x) of paragraph 3 of theorder are not applicable to the company.

(xi) In our opinion and according to the information and explanations given to uscompany has not obtained any term loans. Hence the reporting requirement under clause(XI)of paragraph 3 of the Order are not applicable to the company.

(xii) Based upon the audit procedures performed for the purpose of reporting the trueand fair view of the financial statements and as per the information and explanationsgiven by the management we report that no fraud on or by the Company has been noticed orreported during the course of our audit.

For Thakur Vaidyanath Aiyar & Co
Chartered Accountants
Firm’s Regn No. 000038N
Sd/-
C.V. Parameswar
Partner
M. No. 11541
Place: Mumbai
Date: 29.05.2015

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