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GCM Securities Ltd.

BSE: 535431 Sector: Financials
NSE: N.A. ISIN Code: INE168O01026
BSE LIVE 15:11 | 18 May Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 14.65
PREVIOUS CLOSE 14.90
VOLUME 1600
52-Week high 17.45
52-Week low 14.65
P/E 1465.00
Mkt Cap.(Rs cr) 278
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 14.65
CLOSE 14.90
VOLUME 1600
52-Week high 17.45
52-Week low 14.65
P/E 1465.00
Mkt Cap.(Rs cr) 278
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

GCM Securities Ltd. (GCMSECURIT) - Auditors Report

Company auditors report

To the Members of GCM SECURITIES LIMITED Report on the Financial Statements

GCM SECURITIES LIMITED which information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters in section 134(5)of the Companies

Section 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes the maintenance of adequate accounting records in accordancewith the provision of the Act for safeguarding of the assets of the Company and forpreventing and detecting the frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of internal true and fair view and arefree from material misstatement whether due to fraud or error.

Auditor’s Responsibility

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made there under. of the Act. Those Standards requirethat we comply with ethical requirements and plan and perform misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures error. In making those risk assessments the auditor considers internalcontrol relevant to the Company’s appropriate in the circumstances but not for thepurpose of expressing an opinion on the effectiveness of the Company’s internalcontrol. An audit also includes evaluating the appropriateness of accounting policies usedand the reasonableness of the accounting estimates made by management as well as ouraudit 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 of the state of affairs of the Company as at 31stMarch 2015 its Profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2015(“theOrder”) issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act 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 appears from our examination of those books.

c) the Balance Sheet the Statement of Profit and Loss and Cash Flow Statement dealtwith by this Report are in agreement with the books of account.

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

e) On the basis of written representations received from the directors as on 31 March2015 taken on record by the Board of Directors none of the directors is disqualified ason 31 March 2015 from being appointed as a director in terms of Section 164(2) of theAct.

f) With respect to the other matters to be included in the Auditor’s Report inaccordance with Rule 11 of the Companies Act 2013 (Audit and Auditors) Rules 2014 inour opinion and to the best of our knowledge and belief and according to the informationand explanations given to us.

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 derivatives contractsfor which there were any material foreseeable losses;

iii. The Company was not required to transfer any fund into the Investors Education andProtection Fund during the year.

For Bharat D. Sarawgee & Co.
Place : Kolkata Chartered Accountants
Date : May 28 2015 Bharat D. Sarawgee
Partner
Membership No. 061505
FRN: 326264E

Annexure to the Independent Auditors’ Report

Referred to in paragraph 1 under ‘Report on Other Legal and RegulatoryRequirements’ of our Report of even date to the members of GCM Securities Limited onthe accounts of the company for the year ended 31st March 2015.

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

a) The Company has maintained proper records showing full particulars includingquantitative

b) intervals. According to the information and explanations given to us no materialdiscrepancies

ii) In respect of its inventory:

a) Management.

b) In our opinion and according to the information and explanation given to us theprocedures adequate in relation to the size of the Company and the nature of its business.

c) In our opinion and according to the information and explanations given to us theCompany has maintained proper records of its inventories and no material discrepancieswere noticed

iii) In respect of loans secured or unsecured granted to the parties covered inregister maintained under section 189 of the Companies Act 2013:

a) According to the information and explanations given to us the Company has notgranted

Section 189 of the Companies Act 2013; and therefore paragraph 3(iii) of the Order isnot applicable.

iv) In our opinion and according to the information and explanations given to us thereare adequate internal control procedures commensurate with the size of the company and thenature of its the course of our Audit we have not observed any continuing failure tocorrect major weaknesses in internal control.

v) The company has not received any public deposits during the year.

vi) As informed to us the Central Government has not prescribed maintenance of costrecords under sub-section (1) of Section 148 of the Act in respect of the activitiescarried on by the Company.

vii) In respect of statutory dues:

a) According to the records of the company and information and explanations given tous the Company has generally been regular in depositing undisputed statutory duesincluding Provident Fund employees state insurance (ESI) Investor Education andProtection Fund Income-tax Tax deducted at sources Tax collected at sourceProfessional Tax Sales Tax value added tax (VAT) Wealth Tax Service Tax Custom DutyExcise Duty Cess and other material statutory dues applicable to it with the appropriateauthorities.

b) According to the information and explanations given to us there were no undisputedamounts payable in respect of Income-tax Wealth Tax Custom Duty Excise Duty sales taxVAT Cess and other material statutory dues in arrears /were outstanding as at 31 March2015 for a period of more than six months from the date they became payable.

c) According to the information and explanations given to us there were no amountswhich required to be transferred by the Company to the Investor Education and ProtectionFund.

viii) The company does not have the accumulated losses at the end of financial year.The company has not incurred any Cash losses during the financial covered by our Audit andthe immediately preceding financial year.

ix) In our opinion and according to the information and explanations given to us theCompany has not defaulted in the repayment of dues to financial institutions banks anddebenture holders.

x) In our opinion and according to the information and the explanation given to usthe company has not given any guarantee for loans taken by others from banks or financialinstitutions during the year.

xi) The company has not obtained any term loan during the year so this para of orderis not applicable.

xii) To the best of our knowledge and according to the information and explanationsgiven to us no fraud by the Company and no material fraud on the Company has been noticedor reported during the year.

For Bharat D. Sarawgee & Co.
Chartered Accountants
Place : Kolkata
Date : May 28 2015 Bharat D. Sarawgee
Partner
Membership No. 061505
FRN: 326264E