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Multipurpose Trading & Agencies Ltd.

BSE: 504356 Sector: Financials
NSE: N.A. ISIN Code: INE017P01014
BSE 14:44 | 03 Jul Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 22.40
PREVIOUS CLOSE 22.40
VOLUME 135
52-Week high 22.40
52-Week low 22.00
P/E 149.33
Mkt Cap.(Rs cr) 11
Buy Price 22.40
Buy Qty 15.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.40
CLOSE 22.40
VOLUME 135
52-Week high 22.40
52-Week low 22.00
P/E 149.33
Mkt Cap.(Rs cr) 11
Buy Price 22.40
Buy Qty 15.00
Sell Price 0.00
Sell Qty 0.00

Multipurpose Trading & Agencies Ltd. (MULTIPURPOSETRD) - Auditors Report

Company auditors report

To

The Members of

Multipurpose Trading And Agencies Limited

Report on the (Standalone) Financial Statements

1. We have audited the accompanying financial statements of Multipurpose Trading AndAgencies

Limited ("the Company") which comprise the Balance Sheet as at March 312016 the Statement of

Profit and Loss and Cash Flow Statement for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

2. The Company’s Board of Directors is responsible for the preparation of thesefinancial statements that give a true and fair view of the financial position financialperformance and cash flows of the Company in accordance with the accounting principlesgenerally accepted in India including the Accounting Standards specified under section 133of the Act read with rule 7 of Companies (Accounts) Rules 2014. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding the assets of the Company and for preventing and detecting fraudsand other irregularities; selection and application of appropriate accounting policies;making judgments and estimates that are reasonable and prudent; and design implementationand maintenance of adequate internal financial controls that were operating effectivelyfor the ensuring the accuracy and completeness of the accounting records 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.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit. We have taken into account the provisions of the Act the accounting andauditing standards and matters which are required to be included in the audit report underthe provisions of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on auditing specified underSection 143(10) the Act. Those Standards require that we comply with ethical requirementsand plan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial controls relevant to the

Company’s preparation of the financial statements that give a true and fair viewin order to design audit procedures that are appropriate in the circumstances. An auditalso includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the Company’s Directors as wellas evaluating the overall presentation of the financial statements.

5. 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

6. 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 2016; b) in the case of Statement of Profit and Loss of the loss for the year endedon that date; and c) in the case of the Cash Flow Statement of the cash flows for theyear ended on that date.

Report on Other Legal and Regulatory Requirements

7. As required by the Companies (Auditor’s Report) Order 2016 issued by theCentral Government of India in terms of sub-section (11) of section 143 of the Act(hereinafter referred to the "Order") and on the basis of such checks of thebooks and records of the Company as we considered appropriate and according to theinformation and explanations given to us we give in the Annexure a statement on thematters specified in paragraphs 3 and 4 of the Order.

8. 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 purpose of our audit. b. In our opinionproper books of account as required by law have been kept by the Company so far as itappears from our examination of those books. c. The Balance Sheet Statement of Profit andLoss and the Cash Flow Statement dealt with by this Report are in agreement with the booksof account. d. In our opinion the aforesaid 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 written representations received fromthe Directors as on March 31 2016 and taken on record by the Board of Directors none ofthe directors is disqualified as on March 31 2016 from being appointed as a director interms of Section 164(2) of the Act. f. with respect to the other matters to be included inthe Auditor’s Report in accordance with Rule

11 of the Companies (Audit and Auditors) 2014 in our opinion and to the best of ourinformation 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 ii. In our opinion and as per the information andexplanations provided to us the Company has not entered into any long-term contractsincluding derivative contracts requiring provision under applicable laws or accountingstandards for material foreseeable losses and iii. There has not been an occasion incase of the Company during the year under report to transfer any sums to the InvestorEducation and Protection Fund. The question of delay in transferring such sums does notarise

For NIDHI BANSAL & CO.
Chartered Accountants
(F.R.No.- 022073N)
Sd/-
Place: New Delhi Varun Gupta
Dated: 30.05.2016 Partner
Membership No. 503070

Annexure referred to in paragraph 7 Our Report of even date to the members ofMultipurpose Trading & Agencies Limited on the accounts of the company for the yearended 31st March 2016

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 :-

i) (a) The company is maintaining proper records showing full particulars includingquantitative details and situation of fixed assets

(b) As explained to us all fixed assets have been physically verified by themanagement at reasonable intervals and as informed to us No discrepancies were noticed onsuch

(ii) As there are No opening inventory and trading activity during the year underreview The clause of physical verification of goods is not applicable

(iii) As informed to us the company has granted unsecured Loan to company covered inthe register maintained under section 189 of the Companies Act.

Name Amount the year end Balance at
1. Desert River Capital Pvt.Ltd 950000/- 10757005/-

b) In our Opinion the terms and conditions on which loans have been granted to theabove companies listed in the register maintained under section 189 of the Companies Act2013 are not prima facie prejudicial to the interest of the Companies

c) Since the term of repayments have not been stipulated we are unable to commentwhether the repayment of principal amount is regular or not.

(iv) The Company has complied with the provisions of section 185 and 186 of theCompanies Act 2013 in respect of loans & advances investments made by the companyduring the year under review .

(v) According to the information and explanations given to us the Company has notaccepted any deposits in terms of directives issued by Reserve Bank of India and theprovisions of Sections 73 to 76 or any other relevant provisions of the Companies Act andthe rules framed there under.

(vi) As informed to us the Central Government has not prescribed maintenance of costrecords under subsection (1) of Section 148 of the Act

(vii) Provisions of Provident Fund and Employee’s State Insurance are notapplicable to the company. b) According to information and explanations given to us andthe records of the company examined by us no undisputed outstanding dues of Income TaxWealth Tax Sales Tax Custom Duty and Excise Duty were outstanding as at 31.3.2016 for aperiod more than six months from the date they became payable.

c) According to the information and explanations given to us and the records of thecompany examined by us there are no dues of sales tax income tax custom wealth taxexcise duty cess which has not been deposited on account of any dispute except thefollowing :-

Name of the statue Name of the dues Amount (in Rs) Period to which the amount relate Status/ pending Forum where dispute is
Income Tax INCOME Tax Rs.640432/- A.Y. 2006-07 CIT ( Appeals)

(viii) According to the information and explanations given to us the Company has notdefaulted in repayment of dues to a financial institution or bank.

(ix) According to the information and explanations given to us the Company is notraised money by way of initial public offer or further public offer (including debtinstruments) and term loans were applied for the purposes for which those are raised.

(x) Based upon the audit procedures performed and according to the information andexplanations given to us no fraud on or by the company has been noticed or reportedduring the year of our audit

(xi) The Company has provided / paid managerial remuneration in accordance with therequisite approvals mandated by the provisions of section 197 read with Schedule V to theCompanies Act

(xii) Company is not Nidhi Company hence further reporting under this clause is notapplicable

(xiii) Company has disclosed all transactions with the related parties are incompliance with sections 177 and 188 of Companies Act 2013 and the details have beendisclosed in the Financial Statements etc. as required by the applicable accountingstandards

(xiv) According to the information and explanations given to us the company has notmade any preferential allotment or private placement of shares or fully or partlyconvertible debentures during the year

(xv) According to the information and explanations given to us the company has notentered into any non cash transactions with directors or persons connected with him

(xvi) According to the information and explanations given to us The company is notrequired to be registered under section 45IA of the Reserve Bank of India Act 1934.

For NIDHI BANSAL & CO.
Chartered Accountants
(F.R.No.- 022073N)
Sd/-
Place: New Delhi Varun Gupta
Dated: 30.05.2016 Partner
Membership No. 503070