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Capman Financials Ltd.

BSE: 511720 Sector: Financials
NSE: N.A. ISIN Code: INE862D01019
BSE LIVE 14:32 | 06 Dec 5.55 -0.29
(-4.97%)
OPEN

5.55

HIGH

5.55

LOW

5.55

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.55
PREVIOUS CLOSE 5.84
VOLUME 6
52-Week high 10.00
52-Week low 4.14
P/E 4.02
Mkt Cap.(Rs cr) 1.95
Buy Price 5.55
Buy Qty 354.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.55
CLOSE 5.84
VOLUME 6
52-Week high 10.00
52-Week low 4.14
P/E 4.02
Mkt Cap.(Rs cr) 1.95
Buy Price 5.55
Buy Qty 354.00
Sell Price 0.00
Sell Qty 0.00

Capman Financials Ltd. (CAPMANFINANCIAL) - Auditors Report

Company auditors report

INDEPENDENT AUDITORS

To

The Members

CAPMAN FINANCIALS LIMITED

REPORT ON FINANCIAL STATEMENTS

We have audited the accompanying financial statements of CAPMAN FINANCIALS LIMITEDwhich comprise the Balance Sheet as at March 31 2014 the Statement of Profit and Lossand the Cash Flow Statement for the year then ended and a summary of significantaccounting policies and other explanatory information.

MANAGEMENTS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position financial performanceand the cash flows of the company in accordance with the Accounting Standards notifiedunder the Companies Act 1956 (the Act) read with the general circular 15/2013 datedSeptember 13 2013 of the Ministry of Corporate Affairs in respect of section 133 of theCompanies Act 2013 and in accordance with the accounting principles generally accepted inIndia. This responsibility includes the design implementation and maintenance of internalcontrol relevant to the preparation and presentation of the financial statements that givetrue and fair view and are free from material misstatement whether due to fraud or error.

AUDITORS' 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 withthe ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether the 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 judgement including the assessment of risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal control relevant to the Company's preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion on theeffectiveness of the Company's internal control. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the management as well as evaluating the overall presentation of thefinancial 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 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:

i) In the case of the Balance Sheet of the state of affairs of the Company as at March31 2014;

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

iii) 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 2003 issued by the CentralGovernment in terms of Section 227(4A) of the Act we give in the annexure a statement onthe matters specified in paragraphs 4 and 5 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 for the purpose of our audit

(b) In our opinion proper books of account as required by the law have been kept bythe Company 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 this report are in agreement with the books of account.

(d) In our opinion the Balance Sheet the Statement of Profit and Loss and the CashFlow Statement comply with the Accounting Standards notified under the Companies Act 1956(the Act) read with the general circular 15/2013 dated September 13 2013 of the Ministryof Corporate Affairs in respect of section 133 of the Companies Act 2013

(e) On the basis of the written representations received from the directors as on March31 2014 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2014 from being appointed as a director in terms of Section 274(1)(g) ofthe Act.

For PANKAJ P. SANGHAVI & CO.

Chartered Accountants

Firm Reg. No. 107356W
(Ankit P. Sanghavi)

Partner

Mumbai: May 30 2014 M. No. 131353

Annexure to the Independent Auditors’ Report

(As referred to in paragraph 3 of our report of even date)

1) In respect of its Fixed Assets:

a) The Company has maintained proper records showing full particulars includingquantitative details and situation of its fixed assets on the basis of availableinformation

b) The fixed assets were physically verified during the year by the management atregular interval considering the size of the Company and nature of assets. According tothe information and explanation given to us no material discrepancies have been noticedon such verification.

c) No disposal of a substantial part of fixed assets of the Company has taken placeduring the year.

2) The company does not have inventory accordingly Paragraph 4 (ii) is not applicableto the company..

3) a) According to the information and explanation given to us the Company has notgiven any loans secured or unsecured to companies firms and other parties covered in theregister maintained U/ S 301 of the Companies Act 1956

b) According to the information and explanation given to us the Company has not takenany loan secured or unsecured from companies firms and other parties covered in theregister maintained U/S 301 of the Companies Act 1956.

4) In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the Company and thenature of its business for fixed assets and for the sale of goods and services. Duringthe course of our audit no major weakness has been noticed in the internal control systemin respect of these areas. During the course of our audit we have not observed anycontinuing failure to correct major weakness in internal control system of the company

5) According to the information and explanation given to us the company has notentered in any transactions covered U/S 301 of the Companies Act 1956 accordinglyParagraph 4 (v) is not applicable to the company.

6) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits during the year from the public within the meaningof section 58A and 58AA or any other relevant provisions of the Companies Act 1956 andthe Companies (Acceptance of Deposit) Rules 1975.

7) In our opinion the Company has Internal Audit System commensurate with the size andnature of its business.

8) The Central Government has not prescribed the maintenance of cost record underSection 209(1) (d) of the Companies Act 1956 for the business carried out by the Company.Accordingly paragraph 4(viii) of the Order is not applicable.

9) According to the information and explanation given to us the Company has delayed indepositing undisputed statutory dues including Income Tax TDS Profession Tax and otherstatutory dues with the appropriate authorities.

10) The Company does not have any accumulated losses at the end of the financial yearand has not incurred cash losses in the financial year and in the immediately precedingfinancial year.

11) The Company has not defaulted in repayment of dues to any financial institution orbank.

12) The Company has not granted loans and advances on the basis of security by way ofpledge of shares debentures or other securities

13) We are informed that the provisions of any special statute applicable to Chit FundNidhi funds or Mutual Benefit Fund/Society do not apply to the company.

14) According to the information and explanation given to us the company has had nodealing or trading in shares securities debentures and other investments.

15) According to the information and explanation given to us the company has not givenany guarantees for loans taken by others from Banks or other Financial Institutionsaccordingly Paragraph 4 (xv) is not applicable to the company.

16) According to the information and explanation given to us the company has not takenany Term Loans; accordingly Paragraph 4 (xvi) is not applicable to the company.

17) According to the information and explanation given to us there are no funds raisedby the company accordingly Paragraph 4 (xvii) is not applicable to the company.

18) According to the information and explanation given to us the Company has not madepreferential allotment of shares to parties and companies covered in the registermaintained under Section 301 of The Companies Act 1956. Accordingly Paragraph 4 (xviii)is not applicable to the company.

19) The Company did not have any outstanding debenture during the year. Accordinglyparagraph 4(xix) of the Order is not applicable.

20) The Company has not raised any money by public issues during the year. Accordinglyparagraph 4(xx) of the Order is not applicable.

21) To the best of our knowledge and belief and according to the information andexplanation given to us no fraud on or by the Company was noticed or reported during thecourse of our audit.

For PANKAJ P. SANGHAVI & CO.

Chartered Accountants

Firm Reg. No. 107356W
(Ankit P. Sanghavi)

Partner

Mumbai: May 30 2014 M.No.131353

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