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SE Investments Ltd.

BSE: 532900 Sector: Financials
NSE: SEINV ISIN Code: INE420C01042
BSE LIVE 19:21 | 19 Oct 185.55 -1.70
(-0.91%)
OPEN

192.90

HIGH

192.90

LOW

185.55

NSE 19:31 | 19 Oct 188.95 4.05
(2.19%)
OPEN

190.10

HIGH

192.00

LOW

188.00

OPEN 192.90
PREVIOUS CLOSE 187.25
VOLUME 90
52-Week high 269.90
52-Week low 140.70
P/E 14.61
Mkt Cap.(Rs cr) 753
Buy Price 185.55
Buy Qty 30.00
Sell Price 191.00
Sell Qty 10.00
OPEN 192.90
CLOSE 187.25
VOLUME 90
52-Week high 269.90
52-Week low 140.70
P/E 14.61
Mkt Cap.(Rs cr) 753
Buy Price 185.55
Buy Qty 30.00
Sell Price 191.00
Sell Qty 10.00

SE Investments Ltd. (SEINV) - Auditors Report

Company auditors report

TO

THE MEMBERS OF

M/S S. E. INVESTMENTS LIMITED

DELHI

REPORT ON THE STANDALONE FINANCIAL STATEMENTS

We have audited the accompanying standalone financial statements of M/S S. E.INVESTMENTS LIMITED (the Company) which comprise of the Balance Sheet as at 31stMarch 2016 the Statement of Profit and Loss the Cash Flow Statement for the year thenended and a summary of 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 the maintenance of adequate accounting records inaccordance with the provision of the Act for safeguarding of the assets of the Company andfor preventing and detecting the 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 control 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. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements 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. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accountingestimates made by Company's Directors as well as evaluating the overall presentation ofthe financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the standalone 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:

1. In the case of the balance sheet of the state of affairs of the Company as at 31stMarch 2016;

2. In the case of the statement of profit and loss of the profit for the year ended onthat date; and

3. In the case of the cash flow statement of the cash flows for the year ended on thatdate;

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of sub-Section (11) of Section 143 ofthe Companies Act 2013 we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order.

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 audit of all the branch offices of the Company has been conducted by us hencesection 143 (8) is not applicable;

d. The Balance Sheet Statement of Profit and Loss and Cash Flow Statement dealt withby this Report are in agreement with the books of account;

e. In our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

f. On the basis of written representations received from the directors as on 31stMarch 2016 taken on record by the Board of Directors none of the directors aredisqualified as on 31st March 2016 from being appointed as a director interms of Section 164(2) of the Act.

g. With respect to the adequacy of internal financial control over financial reportingof the company and operating effectiveness of such control. The Company has properinternal control system.

h. With respect to the other matters included in the Auditor's Report in accordancewith Rule 11 of the Companies (Audit and Auditor's) Rules 2014 in our opinion and to thebest of our information and according to the explanations given to us:

I) The Company does not have any pending litigations (other than in the ordinary courseof business) which would impact its financial position.

II) The Company did not have any long-term contracts including derivatives contractsfor which there were any material foreseeable losses.

III) There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company

For R. LAL & COMPANY For P M S & Co.
Chartered Accountants Chartered Accountants
Firm Reg. No. 000926C Firm Reg. No. 013398C
Sd/- Sd/-
(CA. RAM LAL AGRAWAL) (CA. SHILPI AGARWAL)
Proprietor Partner
M. No. 017583 M. No. 405692
Date : 07th May 2016
Place : Delhi

ANNEXURE TO AUDITORS' REPORT

(Referred to in our Report of even date for F. Y. 2015-16)

i. The Company has maintained proper records to show full particulars includingquantitative details and situation of fixed assets. As explained to us the fixed assetshave been physically verified by the management at reasonable interval. According to theinformation and explanations given to us no material discrepancies were noticed on suchverification.

According to information and explanations given to us the title deeds of immovableproperties are held in the name of the company.

ii. As explained to us inventory have been physically verified by the management atreasonable interval and no material discrepancies were notices on physical verification.

iii. The Company has granted loans secured or unsecured to companies firms limitedliability partnership or other parties listed in the register maintained under Section 189of the Companies Act 2013.

The terms & conditions of grant of such loans are not prejudicial to the interestof the company.

The repayment/receipt of the principal and interest of loan granted is regular andthere is no amount which is overdue.

iv. According to the information and explanations given to us the provision of section185 and 186 of the Companies Act 2013 in respect of loans investments guarantees andsecurity have been complied with.

v. The Company is Non Banking Financial (Non-Deposit Accepting or Holding) Companyhence directives issued by Reserve Bank of India and provisions of Section 73 to 76 or anyother relevant provisions of the Companies Act 2013 and the Rules framed there under arenot applicable to the Company.

vi. Maintenance of cost records under sub-section (1) of section 148 of the CompaniesAct 2013 are not applicable to the company.

vii. a) According to the information and explanations given to us the Company has beenregular in depositing with appropriate authorities undisputed statutory dues and there areno undisputed amounts of Income Tax Service Tax Cess Employees State Insurance WealthTax Sales Tax Customs Duty Excise Duty Provident Fund etc. outstanding as at the lastday of financial year concerned for a period of more than six months from the date theybecame payable.

b) There are no dues of Income Tax Sales Tax Service Tax Custom Duty Excise Dutyand Value Added Tax on account of any dispute.

viii. The Company has not defaulted in the repayment of loans or borrowings to aFinancial Institution or Bank or Government or due to Debenture holders.

ix. According to information and explanations given to us the Company had not raisedmoney by way of initial public offer or further public offer or term loan during the year.

x. According to the information explanations given to us no fraud by the company orany fraud on the company by its officers or employees has been noticed or reported duringthe year.

xi. According to the information & explanations given to us provision of section197 read with Schedule V to the Companies Act for managerial remuneration paid or providedhave been complied with.

xii. According to the information & explanation given to us the Company is NonBanking Financial (Non-Deposit Accepting or Holding) Company therefore this clause is notapplicable to the company.

xiii. According to the information & explanation given to us the provisions ofsection 177 and 188 of the Companies Act 2013 regarding transaction with related partieshave been complied with and details of the transaction as per applicable accountingstandard have been disclosed in the notes to accounts of the financial statements.

xiv. According to the information & explanation given to us this clause is notapplicable to the company because the company has not made preferential allotment orprivate placement of share or fully or partly convertible debenture during the year.

xv. According to the information & explanation given to us no non-cashtransactions with directors or persons connected with him have been taken place duringthe year hence the provisions of section 192 of the Companies Act 2013 are notapplicable to the company.

xvi. According to the information & explanation given to us the company isregistered under section 45-IA of the Reserve Bank of India Act 1934 as Non BankingFinancial (Non-Deposit Accepting or Holding) Company.

For R. LAL & COMPANY For P M S & Co.
Chartered Accountants Chartered Accountants
Firm Reg. No. 000926C Firm Reg. No. 013398C
Sd/- Sd/-
(CA. RAM LAL AGRAWAL) (CA. SHILPI AGARWAL)
Proprietor Partner
M. No. 017583 M. No. 405692
Date : 07th May 2016
Place : Delhi