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Brahmanand Himghar Ltd.

BSE: 590081 Sector: Others
NSE: N.A. ISIN Code: INE318G01015
BSE LIVE 13:18 | 24 Nov 4.42 -0.23
(-4.95%)
OPEN

4.42

HIGH

4.42

LOW

4.42

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.42
PREVIOUS CLOSE 4.65
VOLUME 115
52-Week high 5.60
52-Week low 2.90
P/E
Mkt Cap.(Rs cr) 6.19
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.42
Sell Qty 89.00
OPEN 4.42
CLOSE 4.65
VOLUME 115
52-Week high 5.60
52-Week low 2.90
P/E
Mkt Cap.(Rs cr) 6.19
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.42
Sell Qty 89.00

Brahmanand Himghar Ltd. (BRAHMAHIMGHAR) - Auditors Report

Company auditors report

TO THE MEMBERS OF M/s. BRAHMANAND HIMGHAR LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of M/s. BRAHMANAND HIMGHARLIMITED which comprise the Balance Sheet as at 31st March 2015 the Statement of Profitand Loss and Cash Flow Statement for the year then ended and a summary of significantaccounting 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 Act2013 (‘the Act’) with respect to the preparation andpresentation 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 Accounting Standardsspecified under section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules2014.

This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company andfor preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgements and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrol that were operating effectively for ensuring the accuracy and completeness of theaccounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue 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 Rules made there under.

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.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on theauditor’s judgement including the assessment of the risks of material misstatementof the financial statements whether due to fraud or error. In making those riskassessments the auditor considers internal financial control relevant to theCompany’s preparation of the financial statements that give a true and fair view inorder to design audit procedures that are appropriate in the circumstances but not forthe purpose of expressing an opinion on whether the Company has in place an adequateinternal financial control system over financial reporting and the operating effectivenessof such controls. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by theCompany’s Directors 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 statements..

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 of the state of affairs of the Company as at 31stMarch2015 and its profit and its cash flows for the year ended on that date.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order2015 (‘theOrder’) issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act we give in Annexure a statement on the matters specified in theparagraph 3 and 4 of the Order to the extent applicable.

2. The company is registered with Reserve Bank of India as Non Banking Finance CompanyVide Registration No –B-05.02695 dt 09.08.2001. Additional Particulars as required byReserve Bank of India under Non- Systematically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)Directions2015 are attached under separate Annexure –I

3. As required by Section 143 (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 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 the 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 financial statements comply with the AccountingStandards 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 31stMarch2015 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 terms ofSection 164(2) of the Act and f. With respect to the other matters to be included in theAuditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014 in our opinion and to the best of our knowledge and belief and according tothe information and explanations given to us. :

i) The Company has no pending litigations on its financial position as at 31stMarch2015 .

ii) The Company has no material foreseable losses on long term contracts includingderivative contracts as on 31st March2015.

iii) There has been no amount required to be transferred to the investor Education andProtection fund by the Company during the year ended 31st March 2015.

For KHANDELWAL PRAJAPATI & CO.
Chartered Accountants
Firm Registration No. 313154E
PLACE : KOLKATA (SAMIR KUMAR POLAI)
DATED : 30/05/2015 Partner
Membership No. - 303724

Re. : BRAHMANAND HIMGHAR LIMITED(31.03.2015)

Annexure referred to in our Independent Auditors’ Report to the members of theCompany on the standalone financial statements for the year ended 31 March 2015

i) a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

b) The fixed assets are physically verified by the Management at reasonable intervalsduring the year and no material discrepancies have been noticed on such verification.

ii) The company does not have any inventory. Hence the provisions of paragraph 4(ii)(a)to 4(ii)(c) of the order are not applicable.

iii) The Company has not granted any secured / unsecured loans to firms or otherparties covered in the register maintained under section 189 of the Act. Hence theprovisions of paragraph 4(iii)(a) to 4(iii)(b) of the order are not applicable.

iv) In our opinion and according to the information and explanation given to us thereare adequate internal control system commensurate with the size of the company and thenature of its business for the purchase of inventory and fixed assets and for the sale ofshares/securities and services. Further on the basis of our examination of the books andrecords of the Company and according to the information and explanations given to us wehave neither come across nor have been informed of any continuing failure to correctmajor weaknesses in the aforesaid internal control system.

v) The Company has not accepted any deposits from the public within the meaning ofsections 73 and 74 of the Act and the rules framed there under to the extent notified.

vi) In our opinion and according to the information and explanation given to us theactivities carried out by the Company do not require maintenance of any cost records.

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 theundisputed statutory dues like Income tax Provident Fund and other material statutorydues as applicable with the appropriate authorities.

b) In our opinion and according to information & explanation given to us thereare no disputed statutory dues which have not been deposited on account of any deposit.

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.

ix) According to the records of the Company examined by us and the information andexplanation given to us the Company has not defaulted in repayment of dues to anyfinancial institution or bank or debenture holders as at the balance sheet date.

x) In our opinion and according to the information and explanations given to us theterms and conditions of the guarantees given by the Company for loans taken by others frombanks or financial institutions during the year are not prejudicial or the interest of theCompany.

xi) In our opinion and as per explanations given to us the term loan taken by thecompany were applied for the purpose for which the loan was taken.

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 KHANDELWAL PRAJAPATI & CO.
Chartered Accountants
Firm Registration No. 313154E
PLACE : KOLKATA (SAMIR KUMAR POLAI)
DATED : 30/05/2015 Partner
Membership No. - 303724

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