To The Members
Cindrella Financial Services Limited (9 Mangoe Lane Kolkata)
We have audited the accompanying financial statements of Cindrella Financial ServicesLimited ("the Company") which comprise the Balance Sheet as at March 31 2015and the Statement of Profit and Loss and Cash Flow Statement for the year then ended anda summary of significant accounting policies and other explanatory information.
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 notified under the Companies Act 1956(the Act) read with the General Circular 15/2013 dated 13th September 2013 of theMinistry of Corporate Affairs in respect of Section 133 of the Companies Act 2013 and inaccordance with the accounting principles generally accepted in India. This responsibilityincludes the design implementation and maintenance of internal control relevant to thepreparation and presentation of the financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on ouraudit. W e 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 financial tatementswhether due to fraud or error. In making those risk assessments the auditor considersinternal control relevant to the Company's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances but not for the purpose of expressing an opinion on the effectiveness of theCompany's internal control.. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bymanagement as well as evaluating the overall presentation of the financial statements. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit 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 Profit and Loss Account of the profit/ loss for the yearended on that date; and c. in the case of the Cash Flow Statement of the cash flows forthe year ended on that date.
1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in exercise of the powers conferred bysub-section (11) of section 143 of the Companies Act 2013 (18 of 2013 ) we give in theAnnexure a statement on the matters specified in paragraphs 3 and 4 of the Order.
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 adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure A".
g. W ith respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:
.i The Company does not have any pending litigations which would impact its financialposition.
i. The Company did not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses.
i. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.
|FOR AGARW AL MAHESH KUMAR & CO. ||CHARTERED ACCOUNTANTS |
| ||F.R. No. 319154E |
| ||[CA.M.K. AGARWAL] |
|PLACE: KOLKATA (CAMP) ||Proprietor |
|Dated: 29th Day of May 2015 ||M. No. 54394 |