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Shukra Bullions Ltd.

BSE: 531506 Sector: Consumer
NSE: N.A. ISIN Code: INE561E01015
BSE LIVE 15:14 | 10 Oct Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 8.00
PREVIOUS CLOSE 8.09
VOLUME 10
52-Week high 8.00
52-Week low 8.00
P/E 100.00
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 8.00
Sell Qty 2047.00
OPEN 8.00
CLOSE 8.09
VOLUME 10
52-Week high 8.00
52-Week low 8.00
P/E 100.00
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 8.00
Sell Qty 2047.00

Shukra Bullions Ltd. (SHUKRABULLIONS) - Auditors Report

Company auditors report

To the Members of

SHUKRA BULLION LIMITED

REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying financial statements of SHUKRA BULLION LIMITED ("theCompany") which comprises the Balance Sheet as at March 31 2015 and the Statementof Profit and Loss the cash flow statement for the year ended and a summary ofsignificant accounting policies and other explanatory information.

MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTS

Management is responsible for the preparation of these financial statements that give atrue and fair view of the financial position and financial performance of the Company inaccordance with the Accounting Standards notified under the Companies Act 2013 ("theAct") read with General Circular 15/2013 dated 13th September 2013 of theMinistry of Corporate Affairs in respect of Section 133 of Companies Act 2013. Thisresponsibility includes the design implementation and maintenance of internal controlrelevant to the preparation and presentation of the financial statements that give a trueand fair view and are free from material misstatement whether due to fraud or error.

AUDITOR’S RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Standards on Auditing specified u/s143(10) of The Company Act 2013. 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 misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including 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 control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management aswell as evaluating 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.

OPINION

In our opinion and to the best of our information and according to the explanationsgiven to us the 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:

a) in the case of the Balance Sheet of the state of affairs of the Company as at March31 2015;

b) in the case of the Profit and Loss Account of the profit for the year ended on thatdate;

c) In case of Cash Flow Statement of the cash flows of 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 Companies Act 2013 we give in the Annexure a statement on the matters specified inParagraphs 3 and 4 of the order to the extent applicable to the company.

2. As required by section 143(3) of the Act we report that:

a) we have obtained all the information and explanations which to the best of ourknowledge 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 appears from our examination of those books;

c) the Balance Sheet and Statement of Profit and Loss and cash flow statement dealtwith by this Report are in agreement with the books of account;

d) in our opinion the Balance Sheet and Statement of Profit and Loss comply with theAccounting Standards specified u/s 133 of The Companies Act 2013 read with rule 7of theCompanies (Accounts) Rule2014 notified under the Act read with General Circular 15/2013dated 13th September 2013 of the Ministry of Corporate Affairs in respect ofSection 133 of Companies Act 2013 subject to the qualification made in our report aboveand point no. 1.10 and 1.11 of Accounting policies and Notes of Accounts forming part ofaudited accounts;

e) On the basis of written representations received from the directors as on March 312015 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2015 from being appointed as a director in terms of sub-section (2) ofsection 164 of the Companies Act 2013.

For S. K. Jha & Co.

Chartered Accountants

FRN: 126173W

Satyendra K Jha

Partner

Membership No. : 100106

Place: Ahmedabad

Date: 22nd May 2015

As required by the Companies (Auditor's report) Order 2015 issued by the centralGovernment of India in terms of Section 143(11) of the Companies Act 2013 we reportthat:

1 In respect of fixed assets:

(a) The company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets on the basis of available information.

(b) As explained to us all the fixed assets have been physically verified by themanagement during the year at reasonable intervals which in our opinion is reasonablehaving regard to the size of the company and the nature of assets. No materialdiscrepancies were noticed on such physical verification.

2 In respect of its inventories:

(a) As explained to us the inventory has been physically verified by the management atregular intervals during the year.

(b) In our opinion and according to the information and explanations given to us theprocedures followed by the management for physical verification of inventory arereasonable and adequate in relation to size of the company and nature of its business.

(c) In our opinion and according to the information and explanations given to us and onthe basis of our examination of the records of inventory the Company has maintainedproper records of inventory. And there were no material discrepancies noticed on physicalverification of inventory as compared to the book records.

3 In respect of loans granted by the company secured or unsecured to companies firmsor other parties covered in the register maintained under Section 189 of the Companies Act2013:

(a) According to the information and explanations given to us and on the basis of ourexamination of the books of account the Company has not granted any loans secured orunsecured to companies firms or other parties listed in the register maintained underSection 189 of the Companies Act 2013. Consequently the provisions of clauses iii (a)iii (b) of the order are not applicable to the Company.

4 In our opinion and according to the information and explanations given to us thereare adequate internal control procedures that commensurate with the size of the companyand nature of its business with regard to purchase of inventory fixed assets and for thesale of goods and services. During the course of audit no major weakness has been noticedin the internal control.

5 In our opinion and according to the information and explanations given to us theCompany has not accepted deposits from the public and therefore the provisions of Section73 to 76 of the Companies Act and Rules framed thereunder are not applicable to thecompany.

6 To the best of our knowledge the Central Government has not prescribed themaintenance of cost records U/s 148(1) of the Companies Act 2013 for any of the productsof the company.

7 In respect of statutory dues:

(a) According to the information and explanations given to us the company wasgenerally regular in depositing undisputed statutory dues within six months from the datethey become payable including Employees Provident Fund Employees State Insurance FundIncome Tax Sales Tax Wealth Tax Service tax Customs Duty Excise Duty Cess and otherstatutory dues with the appropriate authority during the year.

(b) According to the records examined by us and the information and explanations givento us there are no disputed amounts due in respect of wealth tax sales tax service taxexcise duty Employees provident fund Employee state insurance fund and other statutorydues at the end of the year.

(c) According to the records examined by us no amount was required to be transferredto Investor Education and Protection Fund in accordance with the relevant provisions ofthe Companies Act1956 (1 of 1956) and rules made there under.

8 The Company does not have any accumulated losses as at the end of the year are notless than Fifty percent of the net-worth and the Company has not incurred cash lossesduring current and the immediately preceding financial year.

9 In our opinion and according to information and explanation given to us the companyhas not defaulted in repayment of dues to a financial institution or bank or debentureholders.

10 As per information and explanation given to us the company has not given anyguarantee for loans taken by others from bank or financial institutions terms andconditions whereof are prejudicial to the interest of the company.

11 As per the records of the company and according to the information and explanationgiven to us the company has not availed of any term loans during the year. There were noterm loans outstanding at the beginning and at the end of the year.

12 In our opinion and according to the information and explanations given to us nofraud on or by the Company has been noticed or reported during the year.

For S. K. Jha & Co.

(Chartered Accountants)

FRN: 126173W

Satyendra K. Jha

(Partner)

M. No.: 100106

Place: - Ahmedabad

Date: - 22nd May 2015