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Sellwin Traders Ltd.

BSE: 538875 Sector: Financials
NSE: N.A. ISIN Code: INE195F01019
BSE LIVE 14:26 | 01 Aug Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.60
PREVIOUS CLOSE 14.25
VOLUME 5
52-Week high 21.20
52-Week low 13.60
P/E
Mkt Cap.(Rs cr) 11
Buy Price 13.60
Buy Qty 95.00
Sell Price 0.00
Sell Qty 0.00
OPEN 13.60
CLOSE 14.25
VOLUME 5
52-Week high 21.20
52-Week low 13.60
P/E
Mkt Cap.(Rs cr) 11
Buy Price 13.60
Buy Qty 95.00
Sell Price 0.00
Sell Qty 0.00

Sellwin Traders Ltd. (SELLWINTRADERS) - Auditors Report

Company auditors report

To the Members of

SELLWIN TRADERS LIMITED

REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying financial statements of SELLWIN TRADERS LIMITED ( theCompany ) which comprise the Balance Sheet as at 31st March 2015 the Statement ofProfit and Loss the Cash Flow Statement for the year then ended and a summary of thesignificant 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 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 Section133 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

Our responsibility is to express an opinion on these financial statements based on ouraudit.

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 there under.

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 the auditors 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

(a) In the case of the Balance Sheet of the state of affairs of the Company as at 31stMarch 2015;

(b) In the case of the Statement of Profit and Loss of the profit for the year endedon that date; and

(c) In the case of the Cash Flow Statement of the cash flows for the year ended onthat date.

EMPHASIS OF MATTERS

We draw attention to the following matters in the Notes to the financial statements:

a) As certified by the management and relied upon by us in the matter that no lawsuitsfiled against the company.

b) That the Company has accumulated losses however its net worth has not been eroded.The Company has not incurred a net cash loss during the current and previous year.However the Company s current liabilities do not exceed its current assets as at thebalance sheet date.

Our opinion is not modified in respect of these matters.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. We have not reported on internal financial control system as the same has beendeferred by Ministry of Corporate Affairs Government of India Notification No. G.S.R.722(E) dated 14th October 2014.

2. 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 we give in theannexure a statement on the matters specified in paragraph 3 and 4 of the order.

3. 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 account.

(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 31stMarch 2015 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in termsof Section 164 (2) of the Act.

(f) 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 does not have any pending litigations which would impact its financialposition.

ii. The Company did not have any long-term contracts including derivative contracts forwhich 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 MAROTI & ASSOCIATES
Chartered Accountants
FCA M.K.MAROTI
(Partner)
Membership No. 057073
Place : Kolkata Firm Registration No. 322770E
Date : 25th Day of May 2015

ANNEXURES TO THE AUDITORS' RFPORT

Referred to in paragraph 2 under the Report on Other Legal and Regulatory Requirementsof my Report of even date on the Accounts for the year ended on 31.03.2015.

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

b) All the fixed assets have been physically verified by the management during the yearwhich in our opinion is reasonable having regard to the size of the company and thenature of its business. As informed no material discrepancies were noticed on suchverification.

2. The company had No inventory during the year accordingly this clause is notapplicable to it.

3. The Company has not granted any secured/unsecured loans to parties covered in theRegister maintained under section 189 of the Companies Act. Accordingly this clause isnot applicable.

4. In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the Company and thenature of its business.

5. Further on the basis of our examinations and according to the information andexplanations given to us we have neither come across nor have we been informed of anyinstance of major weakness in the aforesaid internal control systems.

6. The Company has not accepted any deposits from the public. In our opinion andaccording to the information and explanations given to us the directives issued by theReserve Bank of India and the provisions of sections 73 to 76 or any other relevantprovisions of the companies Act and the rules framed there under to the extent applicablehave been complied with.

7. According to the information and explanations given to us the company is notrequired for the maintenance of cost records which has been prescribed by the CentralGovernment under sub-section (1) of Section 148 of the Companies Act 2013. Hence thisclause is not applicable to it.

8. a) According to the records examined by us the company is regular in depositingundisputed statutory dues with appropriate authorities including Income Tax Wealth TaxService Tax Cess and any other statutory dues applicable for the year under audit.

As informed to us provisions relating to Provident Fund Employees State InsuranceSales Tax

Custom Duty Value added Tax and Excise Duty are not applicable to it.

Further there were no outstanding dues at the year end for a period of more than SixMonths from the date they became payable.

b) According to the information and explanations given to us no disputed amount ispending before any forum of the above mentioned statutory dues. c) According to theinformation and explanations given to us the company is not required to transfer anyamount to the investor education and protection fund in accordance with the relevantprovisions of Companies Act and rules made thereunder.

9. The Company has accumulated loss at the end of the financial year which is not morethan fifty percent of its net worth and it has not incurred any cash loss during thefinancial year and in the immediately preceding financial year.

10. Based on our audit procedures and as per the information and explanations given bythe management the company has not defaulted in repayment of dues to financialinstitutions or bank or debenture holders.

11. According to the information and explanations given to us by the management thecompany has not given any guarantee for loans taken by others from bank or financialinstitutions.

12. The Company has not obtained any term loans. Accordingly this clause of the Orderis not applicable.

13. Based upon audit procedures performed for the purposes of reporting the true andfair view of the financial statements and as per the information and explanation given bythe management we report that no fraud on or by the company has been noticed or reportedby the management during the year under audit.

For MAROTI & ASSOCIATES
Chartered Accountants
FCA M.K.MAROTI
(Partner)
Membership No. 057073
Place : Kolkata Firm Registration No. 322770E
Date : 25th Day of May 2015