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Ayoki Merchantile Ltd.

BSE: 512063 Sector: Financials
NSE: N.A. ISIN Code: INE048E01013
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Ayoki Merchantile Ltd. (AYOKIMERCHANT) - Auditors Report

Company auditors report

To

The Members of Ayoki Merchantile Limited Report on the Financial Statements

We have audited the accompanying financial statements of Ayoki Merchantile Limited("the Company") which comprise the Balance Sheet as at 31 March 2015 thestatement of profit and loss and Cash Flow Statement for the year then ended and a summaryof significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

The Management and Board of Directors of company are responsible for the matters statedin section 134(5) of the Companies Act 2013 ("the Act") with repect to thepreparation of these financial statements that give a true and fair view of the financialposition financial performance and Cash Flow 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 the maintenance of adequate accountingrecords in accordance with the provision of the Act for safegaurding of the assets of thecompany and for prevanting and detecting the frauds and other irregularities selectionand application of appropriate accounting policies making judments and estimates thatare reasonable and prudent and design implementation and maintenance of internalfinancial control 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

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 thereunder.

We conducted our audit in accordance with the Standards on Auditing specifies 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 statement that give true & 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 financialcontrols system over financial reporting and the operating effectiveness of such controls.An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by Company’s Management and Board ofDirector’s as well as evaluating the overall presentation of the financialstatements.

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

ROOM NO. 1 BLDG. NO. 1 SINDH1 COLONYRAM NAGAR NEAR KORA KENDRABORIVLI (W) MUMBAI -400092

TEL: (O): 28082624 (M) 9820123371. EMAIL ID: cajbdudhela@gmail.com

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:

(i) in the case of the balance sheet of the state of affairs of the Company as at 31March 2015

(ii) in the case of the statement of profit and loss of the loss for the year ended onthat date

(iii) in the case of the Cash Flow Statement of the Cash Flow 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") as amended issued by the Central Government of India in terms ofsub-section (11) of section 143 of the Act we give in the Annexure a statement on thematters specified in paragraphs 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 purpose of our audit;

b. in our opinion proper books of account as required by law have been kept by theCompany so far as appears from our examination of those books;

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

d. in our opinion the aforesaid financail statements comply with the applicableAccounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rule 2014 .

e. on the basis of written representations received from the directors as on 31 March2015 and taken on record by the Board of Directors none of the directors is disqualifiedas on 31st March 2015 from being appointed as a director in terms of section164(2) of the Act .

f. in our opinion and to the best of our information and according to the explanationsgiven to us we report as under with respect to other matters to be included in theAuditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors )Rules 2014 :

i. The company does not have any pending litigations which would impact its financialpostion.

ii. The company did not have any long term contract including derivative contract assuch the question of commenting on any material foreseeable losses thereon does not arise.

iii. 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 of delayin transferring such sums does not arise

For J.B.DUDHELA & CO

Chartered Accountants FRN : 1 02777W

PLACE: Mumbai

DATE: 28/05/2015

(J.B.DUDHELA) Proprietor Memb. No. 035354

ANNEXURE TO INDEPENDENT AUDITORS’ REPORT

Referred to our Report of even date on the accounts of Ayoki Merchantile Limited forthe year ended

31 st March 2015.

On basis of such checks as we considered and appropriate and according to theinformation and

explanation given to us during the course of our audit we report that :

1. The Company does not have any fixed assets hence maintaining of proper recordsshowing full particulars including quantitative details and situation of Fixed Assets andClause (b) and (c) are not applicable to the company.

2. The Company is engaged in the business of providing Advisory Consultancy andInvestment Services. Accordingly it does not hold any Physical inventories. Thusparagraph 3 of the order is not applicable.

3. The company has neither granted nor taken any loans secured or unsecured to/fromthe companies firms and other parties covered in the register maintained under section189 of the Act. Thus sub clause (a) and (b) are not applicable to the company .

4. In our opinion and according to the information and explanation given to us thereis an adequate internal control system commensurate with the size of the company andnature of its business for the purchase of Fixed Assets and for Sale of Services.Further on the basis of our examination of the books and records of the comapany andaccording to the information and explanation given to us no major weakness has not beennoticed or reported

5. In our opinion and according to the information and explanation given to us thecompany has not accepted any deposits from the public covered under sections 73 to 76 ofthe Companies Act 2013 .

6. As informed to us the maintenance of cost records has not been prescribed by theCentral Government U/s 148 (1) (d) of the Act

7. a) According to the information and explanation given to us and on the basis ofour examination of

the records of the company. The company is regular in depositing the undisputedstatutory dues including Investor Education and Protection Fund Provident Fund Employees ' State Insurance Income Tax Wealth Tax Sales Tax Service Tax CustomDuty Excise duty and other material Statutory dues as applicable with the appropriateauthorities in India.

(b) According to the information and explanation given to us there is no undisputedamount payable in respect of Investor Education and Protection Fund Provident Fund Employees ‘ State Insurance Income Tax Wealth Tax Sales Tax Service TaxCustom Duty Excise duty and other materia! Statutory dues were outstanding at the yearend for a period of more than 6 months from the date of they became payable

(c) According to the information and explainations given to us the dues in respect ofIncome Tax have not been deposited with appropriate authority on accounts of inadequatedetails as under. Income Tax Department shows outstanding demand for A.Y. 1985-86 U/s271(1 )(c). As per the intimation U/s 143(1) dt. 26-03-2015 the arrears of outstandingdemand Rs. 34405/- excluding interest U/s 220(2).

8. According to the information and explanation given to us the company does not haveany accumulated losses at the end of the financial Year and has incurred cash losses inthe financial year but not in the immediately preceding financial year.

9. According to the the records of the company examined by us and as per theinformation and explanations given to us the company has not availed any loans from anyfinancial institution or banks and has not issued any debentures .

10. According to to the information and explanation given to us the Company has notgiven any guarntees for loans taken by others from a bank or finacial instituion duringthe year .

11. The Company has not obtained any term loan during the financial year.

12. Based on the audit procedures performed and the information and explanation givento us we

report that no fraud on or by the company has been noticed or repoted during the yearnor have we been informed of such case by the management.

For J.B.DUDHELA & CO

Chartered Accountants FRN : 102777W

PLACE: Mumbai

DATE: 28/05/2015

(J.B.DUDHELA) Proprietor Memb. No. 035354

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