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Bronze Trading Ltd.

BSE: 539873 Sector: Others
NSE: N.A. ISIN Code: INE022R01010
BSE LIVE 15:42 | 02 Dec 49.20 0.25
(0.51%)
OPEN

49.65

HIGH

49.70

LOW

48.95

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 49.65
PREVIOUS CLOSE 48.95
VOLUME 608411
52-Week high 49.90
52-Week low 12.50
P/E 410.00
Mkt Cap.(Rs cr) 24.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 49.65
CLOSE 48.95
VOLUME 608411
52-Week high 49.90
52-Week low 12.50
P/E 410.00
Mkt Cap.(Rs cr) 24.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bronze Trading Ltd. (BRONZETRADING) - Auditors Report

Company auditors report

To

The Members of

BRONZE TRADING LIMITED

Report on Standalone Financial Statement

We have audited the accompanying Standalone financial statements of "BRONZETRADING LIMITED" which comprise the Balance Sheet as at March 31 2015 theStatement of Profit and Loss for the year then ended Cash flow Statement for the yearthen ended and a summary of significant accounting policies and other explanatoryinformation.

Managements' Responsibility for Standalone 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 the preparation ofthese standalone 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; and 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

Our responsibility is to express an opinion on these standalone financial statementsbased on our audit. We have taken into account the provisions of the Act the accountingand auditing standards and matters which are required to be included in the audit reportunder the provisions of the Act and the Rules made there under. We conducted our audit inaccordance with the Standards on Auditing specified under Section 143(10) of the Act.Those Standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free frommaterial 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 our audit 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 fair view 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/ loss for the yearended on that date; and

c) in case of Cash Flow Statement for the year ended 31st March 2015.

1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act we give in the Annexure a statement on the matters specified in paragraphs 3 and4 of the Order.

2. 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 dealt with by this Report are inagreement with the books of account.

d) In our opinion the Balance Sheet the Statement of Profit and Loss comply with theAccounting Standards referred to in section 133 of the Companies Act 2013; except AS 22relating to the Taxes on Income read with notes forming part of accounts.

e) In our Opinion and Explanation provided to us to the best of our knowledge andbelief there is not any financial transaction that affect adversely on the functioning ofthe company.

f) 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 sub-section (2) ofsection 164 of the Companies Act 2013.

g) To the best of our knowledge and belief and explanation provided to us FinancialControl System in place are adequate and it is operating effectively.

h) It may be noted that at present no Rules relating to the amount of cess forrehabilitation or revival or protection of assets of sick industrial companies payable bya company under section 269 of the Act have been notified by the central Government. Thusit would not be possible for the auditor to comment on the regularity or otherwise aboutthe cess till the time relevant rules or regulations are issued.

Date : 30th May2015 For Vishves A. Shah & Co.
Place : Ahmedabad Chartered Accountants
Firm No.121356w
Sd/-
(Vishves A. Shah)
Proprietor
M. No. 109944

On the basis of such checks as we considered appropriate and according to theinformation and explanation given to us during the course of our audit we report that:

(i) In Respect of the Fixed Assets:

a) Company is not having Fixed Assets During the year.

(ii) In respect of its Inventories:

a) The companies is having the inventory and are maintaining proper records except thatfor the purpose of valuation the accounting system is not perfect enough to valueinventory and for which company relies on its own valuations systems. Records are verifiedand certified by management.

(iii) In respect of Loan:

a) The company has not taken any loans from Companies Firms or other parties anddirectors and relative of the Director; Register maintained under section 189 of the Act.b) In our opinion the terms and conditions on which loans have been taken fromcompanies firms or other parties listed in the register maintained under section 189 ofthe Companies Act 2013 and from the companies under the same management are not primafacie prejudicial to the interest of the company.

(iv) In our opinion and according to the information and explanations given to usthere are adequate internal control procedures commensurate with the size of the companyand the nature of its business with regards to purchases of inventory fixed assets andwith regards to the sale of goods and services. During the course of our audit we havenot observed any continuing failure to correct major weaknesses in internal controls.

(v) In respect of Contracts or arrangements referred to in Section 189 of the CompaniesAct 2013:

According to the information and explanations given to us we are of the opinion thatthe transactions that need to be entered in into the register maintained under section 189of the Companies Act 2013 have been so entered.

In our opinion and according to the information and explanation given to us There isno any transaction more than Rs. 500000/- or more of purchase of goods and materials andsale of goods materials and services made in pursuance of contracts or arrangementsentered in the registers maintained under section 301 and aggregating during the year inrespect of each party so this provision is not applicable.

(vi) In our opinion and according to the information and explanations given to ussince the company has not accepted any deposits from the public the compliance with theprovisions of sections 73 or any other relevant provisions of the Act and the rules framethere under with regard to the deposits accepted from the public are not applicable to thecompany. No order has been passed by the applicable authorities.

(ix) In respect of Statutory Dues:

a) According to the information and explanation given to us the company is generallyregular in depositing with the appropriate authorities undisputed statutory duesincluding Provident Fund ESIC Income Tax Sales Tax Excise Duty Cess and any othermaterial statutory dues applicable to it.

b) According to the information and explanations given to us no disputed amountspayable in respect of income tax wealth tax sales tax custom duty excise duty and cesswere outstanding as at 31st March 2015 for a period of more than six monthsfrom the date they become payable.

(x) According to the information and explanations given to us the company has notgranted loans and advances on the basis of securities by way of pledge of sharesdebentures and other securities. Therefore the provisions of clause 4(xii) of theCompanies (Auditors Report) order 2015 are not applicable to the company

(xi) In our opinion the company is not a Chit Fund or a NIDHI Mutual BenefitFund/Society. Therefore the provisions of clause 4(xiii) of the Companies (AuditorsReport) order 2015 are not applicable to the company.

(xii) In our opinion the company is dealing in or trading in shares securitiesdebentures and other investments. Accordingly the provisions of the clause 4 of CARO 2015are applicable to the company as regards dealing in or trading in shares securities andother investments. No records available for verification purpose.

(xiii) As informed to us the company has not given guarantees for loans taken byothers from banks or financial institutions.

(xiv) In our opinion on the basis of information & explanations given to us theterm loans were not applied for the purpose for which they were raised.

(xv) In our opinion on the basis of information and explanations given to us fundsraised on Short term basis have not been used for Long-term investment.

(xvi) The company has made issue of 4000000 Equity Shares of Rs.10/- eachpreferential allotment of shares to parties and companies covered in the registermaintained under section 189 of the Act.

(xvii) The company has not issued any debentures during the period covered by our auditreport.

(xviii) The company has not made public issue of shares during the period covered byour audit report.

(xix) According to the information and explanations given to us no fraud on or by thecompany has been noticed or reported during the year.

Date : 30th May2015 For Vishves A. Shah & Co.
Place : Ahmedabad Chartered Accountants
Firm No.121356w
Sd/-
(Vishves A. Shah)
Proprietor
M. No. 109944

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