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Bervin Investments & Leasing Ltd.

BSE: 531340 Sector: Financials
NSE: N.A. ISIN Code: INE348I01018
BSE LIVE 11:40 | 26 Oct Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 21.05
PREVIOUS CLOSE 22.15
VOLUME 10
52-Week high 23.30
52-Week low 19.30
P/E
Mkt Cap.(Rs cr) 12.42
Buy Price 0.00
Buy Qty 0.00
Sell Price 21.05
Sell Qty 2490.00
OPEN 21.05
CLOSE 22.15
VOLUME 10
52-Week high 23.30
52-Week low 19.30
P/E
Mkt Cap.(Rs cr) 12.42
Buy Price 0.00
Buy Qty 0.00
Sell Price 21.05
Sell Qty 2490.00

Bervin Investments & Leasing Ltd. (BERVININVEST) - Auditors Report

Company auditors report

To

The Members of

BERVIN INVESTMENT & LEASING LIMITED Report on Financial Statements

We have audited the accompanying financial statements of BERVIN INVESTMENT &LEASING LIMITED ("the Company") which comprise the Balance Sheetas at March 31 2015 and the Statement of Profit and Loss and Cash Flow Statementfor the year then ended and a summary of significant accounting policies and otherexplanatory information.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give atrue and fair view of the financial position financial performance and cash flows of theCompany in accordance with the Accounting Standards referred to in sub-section (3C) ofsection 211 of the Companies Act 1956 ("the Act") read with the GeneralCircular 15/2013 dated 13 September 2013 of the Ministry of Corporate Affairs in respectof section 133 of the Companies Act 2013 and other accounting principles generallyaccepted in India.. This responsibility includes the design implementation andmaintenance of internal control relevant to the preparation and presentation of thefinancial 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 conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the 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 the auditor'sjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management aswell 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 ouraudit opinion.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner so required and give a true and fairview in conformity with the accountingprinciples generally accepted in India:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March31 2015;

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

1. As required by the Companies (Auditor's Report) Order 2003 ("the Order")issued by the Central Government of India in terms of sub-section (4A) of section 227 ofthe Act we give in the Annexure a statement on the matters specified in paragraphs 4 and5 of the Order.

2. As required by section 227(3) of the Act we report that:

a) we have obtained all the information and explanations which to the best of ourknowledge and belief were necessary forthe purpose ofouraudit;

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 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 comply with the Accounting Standards referred to in sub-section (3C) of section211 of the Act read with the General Circular 15/2013 dated 13 September 2013 of theMinistry of Corporate Affairs in respect of section 133 of the Companies Act 2013 andother accounting principles generally accepted in India; and

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 clause (g) ofsub-section (1) of section 274 of the Companies Act 1956.

f) Since the Central Government has not issued any notification as to the rate at whichthe cess is to be paid under section 441A of the Companies Act 1956 nor has it issued anyrules under the said section prescribing the manner in which such cess is to be paid nocess is due and payable by the company.

(K.K. GUPTA)

Prop.

M. No. 8311

For and on behalf of

KRISHAN K. GUPTA & CO.

Chartered Accountants FRN: 000009N

Place: New Delhi Dated: April 27 2015

ANNEXURE TO AUDITORS' REPORT

The Annexure referred to in our report to the members of Bervin Investment &Leasing Limited

(the 'Company') for the year ended on March 312015. We report that;

1. In respect of its fixed assets:

a. The company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets in the basis of available information.

b. As explained to us the fixed assets have been physically verified by the managementduring the year in a phased periodical manner which in our opinion is reasonable havingregard to the size of the company and nature of its assets. No material discrepancies werenoticed on such physical verification.

2. In respect of its inventories:

The company does not have any inventory and as such clauses 2(a) 2(b) & 2(c) ofthe Order are not applicable to the company.

3. In respect of loans secured or unsecured granted to companies firms or otherparties covered in the register maintained under section 189 of the Companies Act 2013:

a. The company has not granted any loans hence the applicability for maintaining theregister under section 189 of the Companies Act 2013 not arises and as such sub clauses3(a) & 3(b) of the order are not applicable to the company.

4. In our opinion and according to the information and explanations given to us thereare adequate internal control procedures commensurate with the size of the company and thenature of business for the purchase of inventory and fixed assets and for sale of goodsand services. During the course of our audit we have not observed any major weakness ininternal controls.

5. The company has not accepted any deposits from the public hence the question ofcompliance of the directives issued by the Reserve Bank of India and the provisions ofsections 73 to 76 or any other relevant provisions of the Companies Act and the rulesframed there under does not arise.

6. The Central Government has not prescribed maintenance of Cost Records under Sections148(1) of the Companies Act 2013 in respect of activities of the company.

7. In respect of statutory dues:

a. According to the information and explanation given to us no undisputed duesincluding provident fund employees' state insurance income tax sales tax wealth taxservice tax duty of customs duty of excise value added tax cess and other statutorydues with appropriate authorities were outstanding as at March 312015 for a period ofmore than six months from the date of becoming payable.

b. According to the information and explanation given to us there are no disputes inthe dues of income tax or value added tax or wealth tax or service tax or duty of customsor duty of excise or cess during the period under report.

c. There are no amounts required to be transferred to investor education and protectionfund in accordance with the relevant provisions of the companies Act 1956 (1 of 1956) andrules made there under.

8. The company has been registered for a period not less than 5 Years and there are noaccumulated losses at the end of the financial year which are not less than 50% of its networth and the company has not incurred any cash losses during the financial year coveredby our audit or in the immediate preceding financial year.

9. Based on our audit procedures and according to the information and explanation givento us we are of the opinion that the company has not defaulted in repayment of dues tofinancial institutions banks or debenture holders.

10. The company has not given any guarantees for loans taken by others from banks orfinancial institutions which are prejudicial to the interest of the company.

11. The company has not received any term loan during the year and accordingly theprovisions of clause-11 of the Order is not applicable.

12. In our opinion and according to the information and explanation and given to us nofraud on or by the company has been noticed or reported during the year that causes thefinancial statements to be materially misstated.

(K.K. GUPTA)

Prop.

M. No. 8311

For and on behalf of

KRISHAN K. GUPTA & CO.

Chartered Accountants

FRN: 000009N

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