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R R Financial Consultants Ltd.

BSE: 511626 Sector: Financials
NSE: N.A. ISIN Code: INE229D01011
BSE LIVE 14:36 | 07 Sep Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 19.00
PREVIOUS CLOSE 19.35
VOLUME 100
52-Week high 19.70
52-Week low 9.00
P/E 633.33
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 19.35
Sell Qty 412.00
OPEN 19.00
CLOSE 19.35
VOLUME 100
52-Week high 19.70
52-Week low 9.00
P/E 633.33
Mkt Cap.(Rs cr) 21
Buy Price 0.00
Buy Qty 0.00
Sell Price 19.35
Sell Qty 412.00

R R Financial Consultants Ltd. (RRFINCONS) - Auditors Report

Company auditors report

TO THE MEMBERS OF R R FINANCIAL CONSULTANTS LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying financial statements of R R FINANCIAL CONSULTANTSLIMITED ("the Company") which comprise the Balance Sheet as at March 312016 the Statement of Profit and Loss the Cash Flow Statement for the period then endedand a summary of the significant accounting policies and other explanatory information.

Management’s Responsibility for the Standalone 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 preparation ofthese standalone financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting 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 maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these Standalone financial statementsbased on our audit.

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 and other applicable authoritative pronouncements 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 involvesperforming procedures to obtain audit evidence about the amounts and the disclosures inthe financial statements. The procedures selected depend on the auditor’s judgmentincluding 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 a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company’s Directors as well as evaluating the overallpresentation of the financial statements.

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 aforesaid standalone financial statements give the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the state of affairs of the Companyas at March 31 2016 and its profit and its cash flows for the period ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2016 ("theOrder") issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act (hereinafter referred as the "order") and on the basisof such checks of the books and records of the company as we considered appropriate andaccording to the information & explanations given to us we give in theAnnexure A a statement on the matters Specified in paragraphs 3 and 4 of the Order tothe 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 purpose 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 the Cash Flow Statementdealt with by this Report are in agreement with the books of account;

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

e. On the basis of written representations received from the directors as on March 312016 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2016 from being appointed as a director in terms of Section 164(2) of theAct;

f. With respect to the adequacy of internal financial controls over the financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate report in "Annexure B" and

g. 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 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 of pending litigations on its financialposition in its financial statements – Refer Note 31 to the financial statements;

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses;

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company during the year in consideration.

For Sandeep Ramesh Gupta & Co.
Chartered Accountants
Sandeep Gupta
Place: New Delhi Partner
Date: 30th May 2016 Membership No.90039

Annexure - A to the Independent Auditors’ Report

The Annexure referred to in Our Independent Auditors’ Report to the members of theCompany on the financial statements for the year ended March 31 2016 we report that:

i. a. The Company has maintained proper records of Fixed Assets but full particularsincluding quantitative details and situation of fixed assets has not been shown.

b. According to information and explanation given to us the fixed assets werephysically verified during the period and no material discrepancies were noted. In ouropinion the frequency of verification is reasonable.

c. According to the information and explanation given to us and on the basis of theexamination of records of the company the title deeds of immovable properties are held inthe name of the company.

ii. As explained to us physical verification of inventory of shares /debentures hasbeen conducted at reasonable intervals by the management and discrepancies noticed on suchphysical verification between physical stocks and books records were not materialconsidering the operations of the company and the same have been properly dealt with inthe book of account.

iii. During the year the Company has granted loans to the parties (Group companiesincluding subsidiaries listed in the register maintained under Section 189 of the Act. Theterms & condition on which the loan has been granted were not prima facie prejudicialto the interest of the company. According to information and explanation given to usthere is no stipulation with regard to its repayment and interest. The said loan isrepayable on demand.

iv. In our opinion and according to the information and explanation given to us thecompany has complied with the provisions of section 185 and 186 of the companies Act2013 with respect to loans and investment made.

v. The Company has not accepted any deposits from the public within the meaning ofSections 73 to 76 of the Act and the rules framed there under to the extent notified.

vi. The Central Government has not prescribed the maintenance of cost records undersection 148(1) of the Act for any of the services rendered by the Company. vii. a.According to the records of the Company and the information and explanation given to usthe Company has been generally regular in depositing its undisputed statutory dues such asProvident Fund Employees’ State Insurance Income Tax Service Tax and any othermaterial statutory dues whichever is applicable to the Company with the appropriateauthorities during the year. However there are some delays in depositing of TDS andService Tax dues.

b. According to the information and explanations given to us no undisputed amountspayable in respect of provident fund income tax sales tax wealth tax service tax dutyof customs value added tax cess and other material statutory dues were in arrears as atMarch 31 2016 for a period of more than six months from the date they became payable.

c. According to the information and explanation given to us no statutory due isoutstanding on account of dispute.

Viii According to the records of the Company examined by us and the information andexplanation given to us The company does not have any loans or borrowings from thefinancial institution or bank or debenture holders as at the balance sheet date.

viii. The Company did not raise any money by way of initial public offer or furtherpublic offer (including debt instruments). Further the company does not have any termloans as at the balance sheet date. ix. Based upon the audit procedures performed and tothe best of our knowledge and belief and according to the explanations given to us nofraud by the company or any fraud on the company by its officers or employees has beennoticed or reported during the year.

x. According to the information and explanations given to us and based on ourexamination of the records of the company the company has paid/provided form managerialremuneration in accordance with the requisite approval mandated by the provisions ofsection 197 read with schedule V to the Act.

xi. In our opinion and according to the information and explanations given to us thecompany is not a nidhi company. Accordingly clause (xii) of paragraph 3 of the order isnot applicable.

xii. According to the information and explanations given to us and based on ourexamination of the records of the company transactions with the related parties are incompliance with sections 177 and 188 of the Act where applicable and details of suchtransactions have been disclosed in the financial statements as required by the applicableaccounting standards.

xiii. According to the information and explanations given to us and based on ourexamination of the records of the company the company has not made any preferentialallotment or private allotment of shares or fully or partly convertible debentures duringthe year.

xiv. According to the information and explanations given to us and based on ourexamination of the records of the company the company has not entered into non-cashtransactions with directors or persons connected with him. Accordingly clause (xv) ofparagraph 3 is not applicable to the company.

xv. The company is not required to be registered under section 45-IA of the ReserveBank of India Act 1934.

For Sandeep Ramesh Gupta & Co.
Chartered Accountants
Sandeep Gupta
Place: New Delhi Partner
Date: 30th May 2016 Membership No.90039