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R R Securities Ltd.

BSE: 530917 Sector: Financials
NSE: N.A. ISIN Code: INE474H01014
BSE LIVE 15:04 | 31 Aug Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 2.36
PREVIOUS CLOSE 2.25
VOLUME 300
52-Week high 2.59
52-Week low 2.25
P/E 59.00
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2.36
CLOSE 2.25
VOLUME 300
52-Week high 2.59
52-Week low 2.25
P/E 59.00
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

R R Securities Ltd. (RRSECURITIES) - Auditors Report

Company auditors report

To

THE MEMBERS OF

R R SECURITIES LIMITED

Report on the Standalone Financial Statements :

I have audited the accompanying financial statements of R R Securities Limited("the Company") which comprises the Balance Sheet as at 31st March2015 the Statement of Profit and Loss the Cash Flow Statement for the year then endedand a summary of 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 preparation ofthese Financial Statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

Auditor’s Responsibility :

My responsibility is to express an opinion on these financial statements based on myaudit.

I 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.

I conducted my audit in accordance with the Standards on Auditing specified undersection 143(10) of the Act. Those Standards require that I comply with ethical requirementand plan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers 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 but not for the purpose of expressing anopinion on whether the Company has in place an adequate internal financial control systemover financial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as well asevaluating the overall presentation of the financial statements.

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

Opinion :

In my opinion and to the best of my information and according to the explanations givento me the aforesaid 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 31stMarch 2015 and 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 I give in the Annexure a statement on the matters specified in paragraphs 3 and 4of the Order.

2. As required by Section 143(3) of the Act I report that:

a) I have sought and obtained all the information and explanations which to the best ofmy knowledge and belief were necessary for the purpose of my audit.

b) In my opinion proper books of account as required by law have been kept by theCompany so far as it appears from my 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 my opinion the aforesaid financial statements comply with the AccountingStandards 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 31st March2015 taken on record by the Board of Directors none of the directors is disqualified ason 31st March 2015 from being appointed as a director in terms of Section164(2) of the Act.

f) With respect to other matters to be included in the Auditor's Report in accordancewith Rule 11 of the Companies (Audit and Auditors) Rules 2014 in my opinion and to thebest of my information and according to the explanations given to me:

i. The Company has disclosed the impact of pending litigations on its financialposition in its financial statement;

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.

For Nirav A Patel & Associates
Chartered Accountants
FRNo: 135076W
Place of Signature : Ahmedabad Nirav Patel
Date : 30/05/2015 (Proprietor)
Membership No.: 151282

ANNEXURE TO INDEPENDENT AUDITOR’S REPORT

(Referred to in paragraph 1 under the heading of "Report on Other Legal andRegulatory

Requirements" of my report of even date.)

(i) In respect of its fixed assets :

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

b) Majority of the assets has been physically verified by the management according to aprogram designed to cover substantial items which in my opinion is reasonable havingregard to the size of the Company and the nature of its assets. Pursuant to the fixedassets during the year no material discrepancies between the book records and physicalinventory were noticed on such verification.

c) During the period under audit the company has not disposed off any major part ofthe Fixed Assets.

(ii) a) The inventory has been physically verified during the year by management. In my

Opinion the frequency of verification is reasonable.

b) In my opinion and according to the information and explanation given to me theprocedures of physical verification of stocks followed by the management are reasonableand adequate in relation to the size of company and nature of its business.

c) In my opinion and according to the information and explanation given to me TheCompany has maintained proper records of its inventory and discrepancies noticed onverification between physical verification have been properly dealt with in the books ofaccount of the Company.

(iii) In respect of the loans secured or unsecured to the companies firms or otherparties covered in the register maintained under section 189 of the Companies Act.

a) The Company has granted unsecured loan to Companies covered in the register requiredto be maintained under Section 189 of the Act.

Party Maximum Amount Involved During the Year Year end balance (Rs.)
R. R. Vibrant Polymers Private Limited 5143201/- 5143201/-

b) In my opinion and according to the information and explanations given to me theterms and conditions on which loan has been granted to companies covered under theregister required to be maintained under Section 189 of the Companies Act 2013 are notprima facie prejudicial to the interest of the Company

c) There is no overdue amount of loans taken by the Company in accordance with termsand conditions on which loan has been taken.

(iv) In my opinion and according to the information and explanations given to me thereis an adequate internal control system commensurate with the size of the Company and thenature of its business with regard to purchase of inventory fixed assets and with regardto the sale of goods and services. During the course of my audit I have not observed anycontinuing failure to correct major weaknesses in internal control system.

(v) The Company has not accepted any deposits from the public and consequently thedirectives issued by the Reserve Bank of India and the provisions of section 73 to 76 orany other relevant provisions of the Companies Act and rules framed there under are notapplicable to the company.

(vi) According to the information and explanation given to me the Central Governmenthas not prescribed the maintenance of cost records under sub section (1) of Section 148 ofthe Companies Act 2013 in respect of business carried out by the Company. ThereforeProvisions of Clause 3(vi) of the Order are not applicable to the Company.

(vii) a) According to the records of the Company the Company is generally regular in

depositing with appropriate authorities undisputed statutory dues including ProvidentFund Employees' State Insurance Income Tax Sales Tax Wealth Tax Service Tax Duty ofCustoms Duty of Excise Value Added TaxCess and any other statutory dues applicable toit. According to the information and explanations given to me no undisputed amountspayable in respect of the aforesaid statutory dues were outstanding as at 31st March 2015for a period of more than six months from the date they became payable.

b) According to the information and explanation given to me there are no dues ofIncome Tax Wealth tax Service Tax and Cess which have not been deposited on account ofany dispute.

c) According to the information given to me there were no amounts which were requiredto be transferred to the Investor Education And Protection Fund by the Company.

(viii) The Company does not have any accumulated losses at the end of the FinancialYear the Company has not incurred cash losses during the financial year under my audit andin the immediately preceding financial year.

(ix) According to the information and explanation given to me the Company has not de

faulted in repayment of dues to a financial institution or bank or Debenture Holders.

(x) In my opinion and according to the information and explanations given to me the

Company has given guarantees to bank for loan taken by one Company in which directorsare interested. As no counter guarantee has been obtained from the said Company it mayaffect prejudice the interest of Company in case of default made by Company on behalf ofwhom guarantee is given by Company to bank.

(xi) According to the information and explanation given to me the Company has notobtained any term Loans during the year under review.

(xii) Based on the audit procedures performed and representation obtained frommanagement I report that no case of material fraud on or by the Company has been noticedor reported during the year under audit.

For Nirav A Patel & Associates
Chartered Accountants
FRNo: 135076W
Place of Signature : Ahmedabad Nirav Patel
Date : 30/05/2015 (Proprietor)
Membership No.: 151282