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Kanungo Financiers Ltd.

BSE: 540515 Sector: Financials
NSE: N.A. ISIN Code: INE453S01015
BSE LIVE 09:44 | 15 May Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 12.50
PREVIOUS CLOSE 10.00
VOLUME 50
52-Week high 12.50
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 6
Buy Price 12.50
Buy Qty 175.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.50
CLOSE 10.00
VOLUME 50
52-Week high 12.50
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 6
Buy Price 12.50
Buy Qty 175.00
Sell Price 0.00
Sell Qty 0.00

Kanungo Financiers Ltd. (KANUNGOFINANCI) - Auditors Report

Company auditors report

To the Members of M/s. Kanungo Financiers Limited Report On the Financial Statements

We have audited the accompanying financial statements of Kanungo Financiers Limitedwhich comprise the Balance Sheet as at March 31 2015 the Statement of Profit and Lossand Cash Flow Statement for the year ended and a summary of significant accountingpolicies and other explanatory information.

Management's 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 and financialperformance of the Company in accordance with the Accounting Standards notified under theCompanies Act 1956 (“the Act") read with the General Circular 15/2013 dated13"' September 2013 of the Ministry of Corporate Affairs in respect of Section 133of the Companies Act 2013 and in accordance with the accounting principles respect ofSection 133 of Companies Act 2013 and in accordance with the accounting principlesgenerally accepted in India. This responsibility includes the design implementation andmaintenance of internal control relevant to the preparation and presentation of thefinancial 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 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 financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal control relevant to the Company's preparation and fair presentation ofthe finanaial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management aswell as evaluating the overall presentation of the financial 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 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 atMarch 31 2015 and

(b) In the case of the Profit and Loss Account of the profit for the year ended onthat 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 jndia in terms of sub-section (11) of Section 143 ofthe Act we give in the Annexure hereto a statement on the matters specified in theparagraphs 3 and 4 of the said Order.

2. As required by section 143(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 law have been kept by theCompany so far as appears from our examination of those books

c. the Balance Sheet and Statements of Profit and Loss dealt with by this Report are inagreement with the books of account.

d. in our opinion the Balance Sheet and Statement of Profit and Loss 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 written representations received from the directors as on 31stMarch

2015 and 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 section164(2) of the Act.

f. With respect to the other matters to be included in the Auditor's Report inaccordance with rule 11 the Companies (Audit and Auditor's) Rules 2014 in our opinionand to the best of our information and according to the explanations given "to us:

i. The company has disclosed the impact if any of pending litigation as at March 312015 on its financial position in its financial statements.

ii. The company has made provision as at March 31 2015 as required under applicablelaw or accounting standards for material foreseeable losses if any on long term contracts.

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the company during the year ended March 31 2015.

For ASHOK RAJPARA & ASSOCIATES

Chartered Accountants FRN No. 116124W

Place: Ahmedabad Date : 3rd September 2015

{CA Ashok Rajpara)
Proprietor
M.No. 100559