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Stellant Securities (India) Ltd.

BSE: 526071 Sector: Financials
NSE: N.A. ISIN Code: INE395F01023
BSE LIVE 14:15 | 24 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 3.64
PREVIOUS CLOSE 3.47
VOLUME 401
52-Week high 3.65
52-Week low 3.32
P/E
Mkt Cap.(Rs cr) 0
Buy Price 3.64
Buy Qty 999.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3.64
CLOSE 3.47
VOLUME 401
52-Week high 3.65
52-Week low 3.32
P/E
Mkt Cap.(Rs cr) 0
Buy Price 3.64
Buy Qty 999.00
Sell Price 0.00
Sell Qty 0.00

Stellant Securities (India) Ltd. (STELLANTSECU) - Auditors Report

Company auditors report

TO THE MEMBERS OF

STELLANT SECURITIES (INDIA) LIMITED

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of M/S STELLANTSECURITIES (INDIA) LIMITED ("the company") which comprises the Balance Sheet asat 31 March 2015 the Statement of Profit and Loss the Cash Flow Statement for the yearthen ended and a summary of significant accounting policies and other explanatoryinformation.

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 accountingrecords in accordance with the provision of the Act for safeguarding of the assets of theCompany and for preventing and detecting the frauds and other irregularities; selectionand application of appropriate accounting policies; making judgments and estimates thatare reasonable and prudent; and design implementation and maintenance of 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.

Auditor’s 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 accountingand auditing standards and matters which are required to be included in the audit reportunder the provisions 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 anddisclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give true and fair view in order to designaudit procedures that are appropriate in the circumstances but not for the purpose ofexpressing an opinion on whether the company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of such controlsAn audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by 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 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;

a)In the case of the Balance Sheet of the state of affairs of the Company as at March312015;

b)In the case of the Statement of Profit and Loss of the loss for the year ended onthat date; and

c)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 2015 ("theOrder") issued by the ' Central Government of India in terms of sub-section (II) ofsection 143of the Act we give in the Annexure a statement on the matters specified inparagraphs 3 and 4 of the Order to the extent applicable.

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 best ofour 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 appears from our examination of those books

c)The Balance Sheet the 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 aforesaid standalone financial statements comply with theAccounting Standards specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

e)On the basis of written representations received from the directors as on 31 March2015 taken on record by the Board of Directors none of the directors is disqualified ason 31 March 2015 from being appointed as a director in terms of Section 164(2) of theAct.

f)With respect to the other matters to be included in the Auditor’s Report inaccordance with Rule11 of the Companies (Audit and Auditors) Rules 20 14 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 has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any on longterm contracts includingderivatives contracts.

iii.There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For P R AGARWAL & AWASTHI CHARTERED ACCOUNTANTS

(PAWAN KR AGARWAL) PARTNER M. NO. 034147 FRN: 117940W

Place: Mumbai Date: 28.05.20 i 5

ANNEXURE TO THE INDEPENDENT AUDITORS’ REPORT

The Annexure referred to in our Independent Auditors’ Report to the members of theCompany on the standalone financial statements for the year ended 31st March2015 we report that

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

b) The company has carried out physical verification of all its fixed assets during theyear. In our opinion frequency of verification is reasonable considering the size of theCompany and the nature of its assets. No material discrepancies were noticed on suchverification.

2.a) The inventory has been physically verified by the management at reasonableintervals during the year.

b)The procedures for physical verification of the inventories followed by themanagement are reasonable and adequate in relation to the size of the company and thenature of its business.

c)The company is maintaining proper records of inventory. No material discrepancieswere noticed on such verification.

3.(a) During the year the Company has not granted any loans secured or unsecured toCompanies firms or other parties covered in the register maintained under section 189 ofthe Act.

(b) There are no overdue amounts of more than rupees one lakh in respect of the loangranted.

4.According to the information and explanations given to us there is an adequateinternal control system commensurate with the size of the company and the nature if itsbusiness for the purchase of inventory and fixed assets and for the sale of goods andservices. During the course of our audit no major weakness has been noticed in theinternal control system.

5.No deposit within the meaning of directives issued by RBI and Section 73 to 76 or anyother relevant provisions of the Act and rules framed there under have been accepted bythe company.

6.The Centra! Government has not prescribed maintenance of cost records Under Section148

(1) of the Act.

7.a) According to the information and explanation given to us and books and recordsexamined by us there are no undisputed and outstanding amounts payable in respect ofProvident Fund Employees' State Insurance service tax wealth tax sale tax customduty excise duty cess and other material statutory dues applicable to the company withthe appropriate authority except the following:-

Name of the Statute Nature of Dues Amount in Rs. Period to which the amount relates
Income Tax MAT Rs. 180795/- A.Y. 2010-2011
Income Tax TDS Rs. 40417/- A.Y. 2015-2016

b)According to the information explanation given to us there is no pendency of disputewith any other authority.

c). There were no amounts which were required to be transferred to the investoreducation and protection fund by the company.

8.The accumulated loss of the company at the end of the current financial year as wellas immediate preceding financial year is more than 50% of its net worth. It has incurredcash losses in such financial year and in the immediately preceding financial year.

9.According to the records of the Company examined by us the company has no dues tobanks and any financial institution as at the balance sheet date.

10.According to the information and explanations given to us the company has not givenany guarantee for loan taken by others from bank and financial institutions.

11. According to the information and explanations given to us the company has nottaken any

term loan.

12.During the course of our examination of the books and records of the Company andaccording to the information and explanations given to us we have neither come across anyinstance of material fraud on or by the Company noticed or reported during the year norhave we been informed of any such case by the management.

FOR P R ACARWAL & AWASTHI CHARTERED ACCOUNTANTS

(PAWAN KR AGARWAL) PARTNER M. NO. 034147 FRN. : 117940W

Place: Mumbai Date: 28.05.2015