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RSC International Ltd.

BSE: 530179 Sector: Industrials
NSE: N.A. ISIN Code: INE015F01019
BSE LIVE 15:03 | 14 Nov 4.27 0
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4.27

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4.27

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NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.27
PREVIOUS CLOSE 4.27
VOLUME 250
52-Week high 4.95
52-Week low 3.30
P/E 61.00
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.27
Sell Qty 150.00
OPEN 4.27
CLOSE 4.27
VOLUME 250
52-Week high 4.95
52-Week low 3.30
P/E 61.00
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.27
Sell Qty 150.00

RSC International Ltd. (RSCINTERNL) - Auditors Report

Company auditors report

To the Members of RSC International Limited Report on the Financial Statements

We have audited the accompanying financial statements of RSC International Limited("the Company") which comprise the Balance Sheet as at March 31 2016 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the 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 to 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 of 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

Our responsibility is to express an opinion on these financial statements based on ouraudit. We have taken into account the provisions of the Act and the Rules made thereunderincluding the Accounting and Auditing Standards and matters which are required to beincluded in the audit report under the provisions of the Act and the Rules made thereunderand the Order under Section 143 (11) of the Act. We conducted our audit in accordance withthe Standards on Auditing specified under Section 143(10) of the Act and other applicableauthoritative pronouncements issued by the Institute of Chartered Accountants of India.Those Standards and pronouncements require that we comply with ethical requirements andplan 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 controls 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.

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 financial statements give the information required by the Actin the manner 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 and its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

As required by 'the Companies (Auditor's Report) Order 2015' issued by the CentralGovernment of India in terms of sub-section (11) of Section 143 of the Act (hereinafterreferred to as the "Order") and on the basis of such checks of the books andrecords of the Company as we considered appropriate and according to the information andexplanations given to us we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order.

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 the Cash Flow Statementdealt with by this Report are in agreement with the books of accounts.

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

(e) On the basis of the written representations received from the directors as on March31 2016 taken on record by the Board of Directors none of the directors are disqualifiedas on March 31 2016 from being appointed as a director in terms of Section 164 (2) ofthe Act.

(f) In our opinion and basis the information provided to us the Company has adequateand operational internal financial controls system in place.

(g) With respect to the other matters to be included in the Auditor's

Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 inour opinion and to the best of our knowledge and belief and according to the informationand explanations given to us:

i. The Company has no pending litigations as at March 31 2016;

ii. The Company has no long-term contracts including derivative contracts as at March31 2016;

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company during the year ended 31st March2016.

Place: Mumbai For: Kamal Agrawal
Date: 25th May 2016 Chartered Accountant
C.A Kamal Agrawal
M. No. 43529

ANNEXURE TO INDEPENDENT AUDITORS' REPORT

(Referred to in paragraph 1 under the heading of 'Reporting on other Legal andRegulatory Requirements' of our report of even date)

I.

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

b) The fixed assets are physically verified by the Management according to a phasedprogram designed to cover all the items over a period of three years which in ouropinion is reasonable having regard to the size of the Company and the nature of itsassets. Pursuant to the program a portion of the fixed assets has been physicallyverified by the Management during the year and no material discrepancies have been noticedon such verification.

c) The company does not hold any immovable property. Therefore reporting under clause(i)(c) is not required.

II. The Company engages in providing services on commission basis and thereforemaintains no inventory. The reporting requirements mentioned in clause (ii) is thereforenot applicable.

III. The Company has not granted any loans secured or unsecured to companies firmsor other parties covered in the register maintained under Section 189 of the Act.Therefore the provisions of clause (iii) of the said Order are not applicable to theCompany.

IV. The Company has followed all provisions of section 185 and 186 of the CompaniesAct 2013 in respect of loans investments guarantees and security

V. The Company has not accepted any deposits from the public within the meaning ofSections 73 74 75 and 76 of the Act and the rules framed there under to the extentnotified.

VI. The Company is not required to maintain cost records within the meaning of Sections148 of the Act as it is not engaged in manufacturing activities as specified by theCentral Government under section 148(1) of the Act.

VII.

a) According to the information and explanations given to us and the records of theCompany examined by us in our opinion the Company is regular in depositing theundisputed statutory dues including income tax service tax and other material statutorydues as applicable with the appropriate authorities.

b) According to the information and explanations given to us and the records of theCompany examined by us there are no dues of wealth-tax service-tax and duty of customswhich have not been deposited on account of any dispute.

VIII. According to the records of the Company examined by us and the information andexplanations given to us the Company has no outstanding loans from any financialinstitution or bank or debenture holders and therefore reporting is not required.

IX. The Company has not raised fresh money by way of initial public offer or furtherpublic offer (including debt instruments) and term loans. Therefore reporting underclause (ix) is not applicable for the company.

X. During the course of our examination 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 material fraud by the Company or on the Company by any of its officers oremployees noticed or reported during the year nor have we been informed of any such caseby the Management.

XI. According to the records of the Company examined by us and the information andexplanations given to us the Company has not provided and / or not paid managerialremuneration and therefore no approval is required as mandated by the provisions ofsection 197 read with Schedule V to the Companies Act.

XII. According to the records of the Company examined by us and the information andexplanations given to us the Company is not a Nidhi company and hence reporting underclause (xii) is not required.

XIII. According to the records of the Company examined by us and the information andexplanations given to us the company has not entered into any transactions with therelated parties and therefore reporting is not required as provided under sections 177 and188 of Companies Act 2013;

XIV. According to the records of the Company examined by us and the information andexplanations given to us the company has not made any preferential allotment or privateplacement of shares or fully or partly convertible debentures during the year underreview. Therefore no reporting under clause (xiv) is required for the year under review.

XV. According to the records of the Company examined by us and the information andexplanations given to us the Company has not entered into any non-cash transactions withdirectors or persons connected with him;

XVI. According to the records of the Company examined by us and the information andexplanations given to us the company is not required to be registered under section 45-IAof the Reserve Bank of India Act 1934;

Place: Mumbai Kamal Agrawal
Date: May 25th 2016 No. 43529