You are here » Home » Companies » Company Overview » BAMPSL Securities Ltd

BAMPSL Securities Ltd.

BSE: 531591 Sector: Financials
NSE: N.A. ISIN Code: INE802A01029
BSE LIVE 14:56 | 01 Dec 0.34 -0.01
(-2.86%)
OPEN

0.34

HIGH

0.34

LOW

0.34

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.34
PREVIOUS CLOSE 0.35
VOLUME 1200
52-Week high 0.45
52-Week low 0.23
P/E 34.00
Mkt Cap.(Rs cr) 10.06
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.34
Sell Qty 18840.00
OPEN 0.34
CLOSE 0.35
VOLUME 1200
52-Week high 0.45
52-Week low 0.23
P/E 34.00
Mkt Cap.(Rs cr) 10.06
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.34
Sell Qty 18840.00

BAMPSL Securities Ltd. (BAMPSLSEC) - Auditors Report

Company auditors report

TO THE MEMBERS OF BAMPSL SECURITIES LTD

Report on the Financial Statements

We have audited the accompanying financial statements of BAMPSL Securities Ltd.(the Company) which comprise the Balance Sheet as at 31st March 2015 theStatement of Profit & Loss Account 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 Act") with respect to 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) Rule 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding 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

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 accordancewith the Standards on Auditing specified under Section 143(10) of the Act. Those standardsrequire that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free of materialmisstatement.

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 risk 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 and fair presentation of the financial statements that give a true and fairview in order to design audit procedures that are appropriate in the circumstances butnot for the purpose of expressing an opinion on whether the Company has in place anadequate internal financial control system over financial reporting and operatingeffectiveness of such controls. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of accounting estimates made by themanagement 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 on the financial statements.

Opinion

In our opinion and to the best of our information and according to explanations givento us the financial statements are subject to Note No. 15 regarding non provision forgratuity in accordance with AS-15 issued by ICAI 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 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 Account of Profit for theyear ended on that date c. In the case of Cash Flow Statement of the cash flows for theyear ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) order 2015 (the Order) issued by theCentral Government of India in terms of sub-section (11) of Section 143 of the Act weannex hereto a statement on the matters specified in Paragraph 3 and 4 of the said 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 it appears from our examination of those books.

(c) The Balance Sheet the Statement of Profit & 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 at 31stMarch 2015 and 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 termof Section 164(2) of the Act.

(f) With respect to the other matters to be included in the Auditor’s Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best 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. – Refer Note- 21 to the financial statements.

ii. The Company has made provision as required under applicable law or accountingstandards for material foreseeable losses if any on long term contracts includingderivative contracts. – Refer Note- 22 to the financial statements.

iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

For G.C. Agarwal & Associates
Chartered Accountants
F. R. No. 017851N
Sd/-
Place: Delhi (G.C. Agarwal)
Date: 27.04.2015 Prop.
M.No. 083820

ANNEXURE TO THE AUDITORS’ REPORT

(Referred to in Paragraph 1 under the heading "Report on other legal andregulatory requirements" of our report of even date to the members of BAMPSLSecurities Ltd on the Accounts for the year ended 31st March 2015)

1. In respect of Fixed Assets:

a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets. b) As explained to us the fixedassets have been physically verified by the management during the year . We are informedthat no material discrepancies were noticed on such verification.

2. In respect of the inventories:

a) As explained to us the inventories have been physically verified by the managementif the shares and securities were in physical form and if those were in dematerializedform the same were verified with demat accounts at reasonable intervals during the year.

b) In our opinion and according to the information and explanations given to us theprocedure of verification of inventories followed by the management is reasonable andadequate in relation to the size of the Company and nature of its business.

c) The Company has maintained the proper records of inventories. No discrepancy wasnoticed on verification between the physical verification and the book records.

3. The Company has not granted any loans secured or unsecured to Companiesfirms or other parties covered in the register maintained under section 189 of the Act.Consequently the requirement of Clauses (iiia) and (iiib) of paragraph 3 of the orderare not applicable.

4. 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 inventory fixed assets and also for the saleof goods. During the course of our audit we have not observed any major weakness ininternal controls.

5. In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits from the public.

6. The Company is not engaged in production processing manufacturing or miningactivities. Therefore the provisions of clause (vi) of paragraph 3 of the order are notapplicable.

7. In respect of statutory dues:

a) The Company is regular in depositing with appropriate authorities undisputedstatutory dues including Provident fund Investor Education and Protection FundEmployees’ State Insurance Income Tax Sales Tax Wealth tax Custom Duty Exciseduty Cess etc. as applicable to it. According to the information and explanations givento us no undisputed amounts payable in respect of the aforesaid dues were outstanding asat 31st March 2015 for a period of more than six months from the date ofbecoming payable.

b) According to the information and explanations given to us following amounts havenot been deposited on account of dispute:

Nature of Nature of the Statute dues Rs. In crore Period to which the matter pertains Forum where matter is pending
Income Tax Act Income Tax 6.48 Assessment Year 2012-13 Commissioner of Income Tax (Appeals)

c) According to the information and explanations given to us the amount required to betransferred to investor education and protection fund in accordance with the relevantprovisions of the Companies Act 1956 (1 of 1956) and rules made there under has beentransferred to such fund within time.

8. The Company has no accumulated losses at the end of the year. The Company hasneither incurred cash losses during the financial year covered by our audit nor in theimmediately preceding financial year.

9. According to the records of the Company examined by us and as per information andexplanations given to us the Company has not availed of any loans from any financialinstitution or banks and has not issued debentures.

10.To the best of our knowledge and belief and according to the information andexplanations given to us the Company has not given any guarantees for loans taken byothers from banks or financial institutions.

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

12.During the course of our examination of the books and records of the companycarried in accordance with the auditing standards generally accepted in India we haveneither come across any instance of fraud on or by the company noticed or reported duringthe course of our audit nor have been informed of any such instance by the Management.

For G.C. Agarwal & Associates
Chartered Accountants
Firm Regn. No. 017851N
Sd/-
Place: Delhi (G.C. Agarwal)
Date: 27.04.2015 Prop.
M.No. 083820

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard