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Capfin India Ltd.

BSE: 539198 Sector: Financials
NSE: N.A. ISIN Code: INE960C01013
BSE LIVE 13:08 | 10 Oct Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 2.11
PREVIOUS CLOSE 2.22
VOLUME 80
52-Week high 15.74
52-Week low 2.11
P/E
Mkt Cap.(Rs cr) 0.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2.11
CLOSE 2.22
VOLUME 80
52-Week high 15.74
52-Week low 2.11
P/E
Mkt Cap.(Rs cr) 0.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Capfin India Ltd. (CAPFININDIA) - Auditors Report

Company auditors report

TO THE MEMBERS OF

CAPFIN INDIA LIMITED

(CIN : L74999DL1992PLC048032 PAN : AABCC8829M)

REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying standalone financial statements of CAPFIN INDIALIMITED he company) which comprise the Balance Sheet as at 31st March 2015 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.

MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors are 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 of 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.

AUDITORS' 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 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 andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Directors as well as evaluating the overall presentationof 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 standalone financial statements.

OPINION

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Act 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 the Balance Sheet of the state of affairs of the company as at st

31 March 2015;

(b) In the case of the Statement of Profit and Loss of the profit of the company forthe year ended on that date; and

(c) In the case of the Cash Flow Statement of the cash flows of the company for theyear ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

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 Companies Act 2013 we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order to the extent applicable.

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 purposes 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 and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of account.

d. In our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

e. On the basis of the written representations received from the directors as on 31stMarch 2015 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 of Section164 (2) of the Act. f. With respect to the other matters to be included in the Auditor'sReport in accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 inour opinion and to the best of our information and according to the explanations given tous:

(i) The Company does not have any pending litigations which would impact its financialposition.

(ii) The Company did not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses.

(iii) There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For BHUPINDER SHAH & CO.
Chartered Accountants
Firm Registration No. 008169N
(BHUPINDER SHAH)
B.Com(H) FCA DISA
DELHI ICAI Membership No. 084879
28TH MAY 2015 PARTNER

ANNEXURE TO INDEPENDENT AUDITORS' REPORT

[Referred to in Paragraph 5 under the heading of "report on other legal andregulatory requirements" of our report of even date]

CAPFIN INDIA LIMITED

YEAR ENDED 31ST MARCH 2015

Para No. Sub Para No. Particulars
(i) (a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.
(b) As explained to us these fixed assets have been physically verified by the management at reasonable intervals; no any material discrepancies were noticed on such verification.
(ii) (a) As explained to us physical verification of inventory has been conducted at reasonable intervals by the management.
(b) In our opinion and according to the information and explanations given to us the procedures of physical verification of inventory followed by the management reasonable and adequate in relation to the size of the company and the nature of its business.
(c) In our opinion and on the basis of our examination of the records the company is generally maintaining proper records of inventory and no any material discrepancies were noticed on physical verification of stocks by the management as compared to book records.
(iii) According to the information and explanations given to us and on the basis of our examination of the books of account the Company has not granted any loans secured or unsecured to companies firms or other parties listed in the register maintained under Section 189 of the Companies Act 2013. Consequen tly the provisions of clauses iii (a) and iii (b) of the order are not applicable to the Company.
(iv) In our opinion and according to the information and explanations given to us there is generally an adequate internal control procedure commensurate with the size of the company and the nature of its business for the purchase of inventories & fixed assets and payment for expenses & for sale of goods. During the course of our audit no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed.
(v) The Company has not accepted any deposits from the public covered under section 73 to 76 or any other relevant provisions of the Companies Act and the rules framed there under.
(vi) As per information & explanation given by the management maintenance of cost records has not been prescribed by the Central Government under sub-section (1) of section 148 of the Act.
(vii) (a) According to the records of the company undisputed statutory dues including Provident Fund .
Investor Education and Protection Fund Employees’ State Insurance Income -tax Sales-tax Wealth Tax Service Tax Custom Duty Excise Duty cess to the extent ap plicable and any other statutory dues have generally been regularly deposited with the appropriate authorities. According to the information and explanations given to us there were no outstanding statutory dues as on 31 st of March 2015 for a period of more than six months from the date they became payable.
(b) According to the information and explanations given to us there were no undisputed amounts payable in respect of Income-tax Wealth Tax Custom Duty Excise Duty sales tax VAT Cess and other material statutory dues in arrears /were outstanding as at 31st March 2015 for a period of more than six months from the date they became payable.
(c) There has not been an occasion in case of the Company during the year under report to transfer any sums to the Investor Education and Protection Fund. The question of reporting delay in transferring such sum does not arise as at 31st March 2015 the Compa ny has been registered for less than 5 years; hence clause 3(vii)(c) of the Order is not applicable to it.
(viii) The company has been registered for a period not less than five years. The Company does not have any accumulated loss and has not incurred cash loss during the financial year covered by our audit and in the immediately preceding financial year.
(ix) In our opinion and according to the information and explanations given by the management we are of the o pinion that the Company has not defaulted in repayment of dues to a financial institution bank or debenture holders as applicable to the company.
(x) According to the information and explanations given to us the Company has not given any guarantees for loan taken by others from a bank or financial institution.
(xi) According to the information and explanations given to us no term loans have been raised by the company.
(xii) According to the information and explanations given to us we report that no fraud on or by the Company has been noticed or reported during the year nor have we been informed of such case by the management.

For BHUPINDER SHAH & CO.

Chartered Accountants
Firm Registration No. 008169N
(BHUPINDER SHAH)
B.Com(H) FCA DISA
DELHI ICAI Membership No. 084879
28TH MAY 2015 PARTNER

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