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Gogia Capital Services Ltd.

BSE: 531600 Sector: Financials
NSE: N.A. ISIN Code: INE832C01014
BSE LIVE 09:15 | 14 Sep 28.85 0
(0.00%)
OPEN

28.85

HIGH

28.85

LOW

28.85

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 28.85
PREVIOUS CLOSE 28.85
VOLUME 603
52-Week high 34.80
52-Week low 25.00
P/E 9.81
Mkt Cap.(Rs cr) 9
Buy Price 28.85
Buy Qty 347.00
Sell Price 0.00
Sell Qty 0.00
OPEN 28.85
CLOSE 28.85
VOLUME 603
52-Week high 34.80
52-Week low 25.00
P/E 9.81
Mkt Cap.(Rs cr) 9
Buy Price 28.85
Buy Qty 347.00
Sell Price 0.00
Sell Qty 0.00

Gogia Capital Services Ltd. (GOGIACAPITAL) - Auditors Report

Company auditors report

TO

THE MEMBERS OF

GOGIA CAPITAL SERVICES LIMITED

Rpport on the Financial Statements

We have audited the according financial statements of GOGIA CAPITAL SERVICES LIMITED("the company") which comprise the Balance Sheet as at 31st March 2016 theStatement of Profit and Loss and Cash Flow Statement for the year then ended and a summaryof significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in section134(5) of the Companies Act 2013 ("the Act") with respect to the preparationand presentation of these financial statements that give a true and fair view of thefinancial position financial performance and cash flows of the Company in accordance withthe accounting 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 the maintenance of adequate accountingrecords in accordance with the provisions of the Act for safeguarding the assets of theCompany and for preventing and detecting the frauds and other irregularities; selectionand application of appropriate accounting policies; making judgments and estimates thatare reasonable and prudent; and design implementation and maintenance of adequateinternal financial controls and ensuring their operating effectiveness and the accuracyand completeness of the accounting records relevant to the preparation and presentationof the financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

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 thereunder.

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 anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal financial control relevant to the Company's preparation of thefinancial statements that give true and fair view in order to design audit procedures thatare appropriate in the circumstances but not for the purpose of expressing an opinion onwhether the Company has in place an adequate internal financial controls system overfinancial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonablenessof the accounting estimates made by the Company's Directors as well as evaluating theoverall presentation of the financial statements. J

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

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 of the state of affairs of the Company as at March31 2016. 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 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act. we give in the Annexure a statement on the matters Specified in paragraphs 3 and4 of the Order. to the extent applicable. The Order is yet to be notified in the Gazetteof India.

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 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 Accoun'.ingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules. 2014;

(e) On the basis of written representations leceived from the directors as on 31stMarch2016 taken on record by the Board of Directors none of the directors isdisqualified as on 31SI March 2016 from being appointed as a director interms of Section 164(2) of the Act and;

(f) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2C14 in our opinionand to the best of our information and according to the explanations given to us:

(i) The Company has disclosed the impact of pending litigations on its financialposition in its financial statements refer note 23.1 on Contingent Liabilities to thefinancial statement

(ii) The Company did not have any long-term contracts including derivative contractshence the quest of any material foreseeable losses does not arise

(iii) There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

For and on behalf of
M/s Sunil Kulshreshtha & Associates
Chartered Accountants
Sunil Kumar
Prprietor
Place: New Delhi
Date: 31/05/2016

Annexure to the Auditors' Report

[Referred to in paragraph 1 under of Report on Other Legal and Regulatory Requirements'in the Independent Auditor's Report of even date to the members of Gogia Capital ServicesLimited on the financial statements for the year ended 31st March 2016]

(a) The Company has maintained proper records showing full particulars includingquantitative details and situation of the fixed assets.

(i) The fixed assets of the Company were physically verified by the management duringthe year. In our opinion frequency of physical verification is reasonable having regardto the size of the operation of the Company. On the basis of explanation received in ouropinion no discrepancy between the bok records and physical inventory has been noticedin respect of assets physically venfied.

(ii) The Company did not have any inventory during current financial year so clause(iii) of paragraph 3 of the Order are not applicable to the Company.

(iii) The Company has not granted any unsecured loans to Companies covered in theregister maintained under Section 189 of the Act.

(iv) In our opinion and according to the information and explanations given to us.there exists an adequate internal control system commensurate with the size of the Companyand the nature of its business for the purchase of fixed assets and for the sale ofservices. During the course of our audit we have not observed any continuing failure tocorrect major weaknesses in internal control system of the Company.

(v) In our opinion and according to the information and explanation given to us theCompany has not accepted any deposits from the public within the provisions of Sections 73to 76 of the act and the rules framed there under.

(vi) The Central Government of India has not prescribe the maintenance of cost recordsfor any of the products of the Company under sub-section (i) of Section 148 of the Act andthe rules framed there under.

(vii) (a) The Company is regular in depositing with appropriate authorities undispu:edstatutory dues including provident fund employees' state insurance income tax wealthtax service tax cess and any other material statutory dues applicable to it. Asexplained to us the provisions regarding sales tax duty of customs duty of excise andvalue added tax are presently not applicable to the Company.

(a) According to the information and explanations given to us no undisputed amountspayable in respect of provident fund employees' state insurance income tax sales taxwealth tax service tax duty of customs duty of excise value added tax cess and anyother material statutory dues applicable to it were outstanding at the year end for aperiod of more than six months from the date they became payable.

(b) According to the information and explanation given to us there are no duesoutstanding with respect to income tax sales tax wealth tax service tax duty ofcustoms duty of excise value added tax and cess on account of any disputes.

(c) According to the information and explanations given to us there has been in nodelay in transferring amounts required to be transferred to the Investor Education andProtection Fund by the Company.

(viii) The Company does not have any accumulated losses at the end of the financialyear nor has incurred cash losses in the current and immediately preceding financial year.

(ix) According to the information and explanations given to us the Company has no*defaulted in repayment of dues to financial institution(s). bank(s) or debentureholder(s).

(x) In our opinion and according to the information and explanations given to us theterms and conditions of the guarantees given by the Company for loans taken by othersfrom banks or financial institutions are not prejudicial to the interest of the Company.

(xi) The Company has not obtained any terms loans.

(xii) During the course of our examinations of the books and records of the Companycarried out in accordance with the generally accepted auditing practices in India andaccording to the information and explanations given to us we have neither come across anyinstance of fraud on or by the Company noticed or report during the year nor have webeen informed of any such instance by the management.

For and on behalf of
M/s Sunil Kulshreshtha & Associates
Chartered Accountants
Sunil Kumar
Prprietor
Place: New Delhi
Date: 31/05/2016