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DJS Stock & Shares Ltd.

BSE: 511636 Sector: Financials
NSE: N.A. ISIN Code: INE234E01027
BSE LIVE 11:13 | 20 Jun Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.07
PREVIOUS CLOSE 1.02
VOLUME 1650
52-Week high 1.07
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.97
Sell Qty 10000.00
OPEN 1.07
CLOSE 1.02
VOLUME 1650
52-Week high 1.07
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.97
Sell Qty 10000.00

DJS Stock & Shares Ltd. (DJSSTOCK) - Auditors Report

Company auditors report

DJS STOCK AND SHARES LIMITED ANNUAL REPORT 2011-2012 AUDITORS' REPORT To The Members of DJS STOCK AND SHARES LIMITED 1. I have audited the attachment balance sheet of DJS STOCK AND SHARES LIMITED, as at 31st March, 2012, and also the profit and loss account and the cash flow statements for the year ended on that annexed thereto. These financial statements are the responsibility of the company's management. My responsibility is to express an opinion on these financial statements based on my audit. 2. I conducted my audit in accordance with the auditing standards generally accepted in India. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a responsible basis for my opinion. 3. As required by the Companies (Auditor's Report) Order,2004 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act,1956, I enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order. 4. Further to my comments in the Annexure referred to above, I report that: (i) I have obtained all the information and explanations, which to the best of my knowledge and belief were necessary for the purpose of my audit. (ii) In my opinion, proper books of account as required by law have been kept by the Company so far as appears from my examination of those books. (iii) The balance sheet, profit and loss account and cash flow statement dealt with by this report are in agreement with the books of account. (iv) In my opinion, the balance sheet, profit and loss account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act,1956; (v) On the basis of written representation received from the directors, as on 31st March 2012 and taken on record by the Board of Directors, I report that none of the directors are disqualified as on 31st March 2012 from being appointed as a director in terms of clause(g) of sub-section (1) of section 274 of the Companies Act,1956; (vi) In my opinion and to the best of my information and according to the explanations given to me, the said accounts give the information required by the Companies Act,1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (a) In the case of the balance sheet, of the state of affairs of the Company as at 31st March; (b) In the case of the profit and loss account, of the loss for the year ended on that date; and (c) In the case of the cash flow statement ,of the cash flows for the year ended on that date. Sd/- Place: Mumbai P. Mahendran Date : 30.05.2012 Chartered Accountant Annexure to Audit Report dated 30.05.2012 (Referred to in paragraph 3 of my report of even date) 1. (I) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (ii) The fixed assets have been physically verified by the management at reasonable intervals as per a regular program of verification which, in my opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification. (iii) During the year, the company has not disposed off any substantial part of its fixed assets, affecting the going concern status of the company. 2. (i) The inventory has been physically verified during the year by the management at reasonable intervals. In my opinion, the frequency of verification is reasonable. (ii) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business. (iii) On the basis of my examination of the record of inventory, I am of the opinion that the company is maintaining proper record of inventory. 3. (i) The Company has not granted any loans, secured or unsecured to companies, firms and other parties covered in the Register maintained under Section 301 of the Companies Act,1956. (ii) The Company has not taken any loans, secured or unsecured form companies, firms and other parties covered in the Register maintained under Section 301 of the Companies Act, 1956. 4. In my opinion and according to the information and explanations given to me, there are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchases of inventory, fixed assets and with regard to the services. During the course of my audit, no major weaknesses have been noticed in the internal control system and there is no continuing failure to correct major weaknesses in internal control system. 5. Based on the audit procedure applied by me and according to the information and explanations provide by the management, I am of the opinion that there are no contracts or arrangements referred to in Sec.301 of the Act. 6. Based on my audit procedures and according to the information and explanations given to me the company has not accepted any deposits from public and hence complying with the provisions of Sec. 58A and Sec. 58AA or any other relevant provisions of the Act, is not applicable. 7. In my opinion, the company has an internal audit system commensurate with its size and nature of its business. 8. The Central Government has not prescribed maintenance of cost records U/s. 209(1)(d) of the Companies Act, 1956 to this company. 9. (i) According to the records of the company, the company is regular in depositing the undisputed statutory dues including income-tax, sales-tax, wealth tax, service tax, custom duty, excise duty, cess and other statutory dues applicable to it with the appropriate authorities. The company is not required to transfer any amount to the investor education and protection fund. (ii) According to the information and explanation given to me, there are no undisputed arrears of statutory dues as at 31.03.12 which are outstanding for a period of more than six months from the date they became payable. (iii) According to the information and explanation given to me, there are no dues of income tax, sales-tax, wealth tax, service tax, custom duty, excise duty, cess which have not been deposited on account of my dispute. 10. The Company has no accumulated losses and has not incurred any cash loss during the financial year and in the immediately preceding financial covered by my audit. 11. Based on my audit procedures and on the information and explanations given by the management, I am of the opinion that the company has not defaulted in repayment of dues to any financial institution or bank. The company has not issued any debenture. 12. Based on my explanations of documents and records I am of the opinion that the company has not granted any loans and advances on the basis of security by way of pledge of shares, debenture and other securities. 13. Based on my audit procedures and on the information and explanations given by the management, I am of the opinion that the provisions of any special statute applicable to chit fund are not applicable to this company and the company is not a nidhi/mutual benefit fund/society and hence compliance with the requirements of the order in this regard are not applicable to this company. 14. The company is dealing in shares, securities , debentures and other investments, and proper records have been maintained of the transaction and contracts and timely entries have been made therein also the shares securities have been held by the company, in its own name. 15. The company has not given any guarantee for loans taken by other from bank or financial institutions. 16. The company has not obtained any term loans. 17. According to the information and explanation given to me and on an overall examination of the balance sheet of the company, I report that the no funds raised on short term basis, have been used for long term investment. 18. The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the act. 19. According to the information and explanations furnished to me and based on the records verified by me, the period covered by my audit report, the company has not issued any debentures and hence creation of securities for the same is not applicable. 20. According to the information and explanation furnished to me and based on the records verified by me, the company has not raised any money through public issues during the period covered under audit and hence disclosure by the management on the end usage of money raised by public issues and my verification of the same is not applicable. 21. Based upon the audit procedures performed and information and explanation given by the management, I report that no fraud on or by the company was noticed or reported during the year. Sd/- Place: Mumbai P. Mahendran Date : 30-05-2012 Chartered Accountant