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Sunbright Stock Broking Ltd.

BSE: 530763 Sector: Financials
NSE: N.A. ISIN Code: INE476D01026
BSE LIVE 15:51 | 20 Aug Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 18.50
PREVIOUS CLOSE 19.45
VOLUME 83969
52-Week high 18.50
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 18.50
Sell Qty 232012.00
OPEN 18.50
CLOSE 19.45
VOLUME 83969
52-Week high 18.50
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 18.50
Sell Qty 232012.00

Sunbright Stock Broking Ltd. (SUNBRIGHTSTOCK) - Auditors Report

Company auditors report

TO THE MEMBERS OF

SUNBRIGHT STOCK BROKING LTD.

Report on the Financial Statements

We have audited the accompanying financial statements of SUNBRIGHT STOCK BROKING LTD("the company") which comprise the Balance Sheet as at 31 March 2015 theStatement of Profit and Loss and Cash Flow Statement for the year then ended and asummary of 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 that give a true and fair view of the financial position andfinancial performance 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 the maintenance of adequate accounting records in accordancewith the provision of the Act for safeguarding of the assets of the Company and forpreventing and detecting the frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrol that were operating effectively for ensuring the accuracy and completeness of theaccounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

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 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 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 operating effectiveness of such controls. Anaudit 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 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 31stMarch 2015 and its loss and its cash flow for the year ended on that date.

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 (11) ofsection 143 of 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 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 and the Statement of Profit and Loss and 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 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) In our opinion and to the best of our information and according to the explanationsgiven to us we report as under with respect to other matters to be included in theAuditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014:

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 derivatives contractsfor which there were any material foreseeable losses. iii. There were no amounts whichrequired to be transferred by the Company to the Investor Education and Protection Fund.

For ARUJUN JAIN & ASSOCIATES

Chartered Accountants

Sd/-
ARJUN JAIN
Proprietor
M.No.53693
Place: KOLKATA
Date: 28/08/2015

ANNEXURE TO THE INDEPENDENT AUDITORS’ REPORT

(Referred to in paragraph 1 under ‘Report on Other Legal and RegulatoryRequirements’ section of our report of even date)

1. a) The company has maintained requisite records showing required particularsincluding quantitative details and situation of its fixed assets.

b) According to the information and explanation given to us by the management ofthe company most of the fixed assets of the company have been physically verified by themanagement during the year and the intervals of such verification had also beenreasonable.

2. The provisions of Clause 2(a) 2(b) & 2(c) are not applicable since thereis no activity and inventory during the year.

3. The Company has not granted any loans secured or unsecured to companiesfirms or other parties covered in the Register maintained under Section 189 of the Act.

4. In our opinion and according to the information and explanations given to usthere are adequate internal control procedures commensurate with the size of the companyand its nature of business. During our course of audit no major weakness was noticed byus in the existing internal control system in procedure.

5. In our opinion and according to the information and explanations given to usthe Company has not accepted deposits during the year and does not have any unclaimeddeposits. Therefore the provisions of the clause 3 (v) of the Order are not applicable tothe Company.

6. The provisions of clause 3 (vi) of the Order are not applicable to theCompany as the Company is not covered by the Companies (Cost Records and Audit) Rules2014.

7. a) According to the books and records as produced and examined by us inaccordance with

Generally Accepted Auditing Practices in India and also based on managementrepresentations undisputed statutory dues in respect of provident fund employee stateinsurance income tax wealth tax service tax sales tax value added tax excise dutycess and other material statutory dues have generally been regularly deposited by thecompany during the year with the appropriate authorities in India.

b) According to information and explanations given to us no undisputed amountspayable in respect of income tax service tax and excise duty were outstanding as on 31stMarch 2015 for a period more than six months from the date the same became payable.

c) According to the information and explanations given to us the amounts whichwere required to be transferred to the investor education and protection fund inaccordance with the relevant provisions of the Companies Act 1956 (1 of 1956) and rulesthere under has been transferred to such fund within time.

8. The Company does not have accumulated losses at the end of the financialyears but has incurred cash losses during the financial year covered by our audit but notin the immediately preceding financial year.

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9. As observed by us and as per the information and explanations given by themanagement we are of the opinion that the company has not defaulted in repayment of duesto its financial institution or bank during the year under audit.

10. As per the information and explanations given to us the company has notgiven any guarantee for loans taken by others from any bank or financial institutions.Hence reporting on terms and conditions of any such guarantee is irrelevant to ourreporting.

11. According to the information and explanations given to us the Company didnot avail any term loan during the year

12. Based upon the audit procedures performed and information and explanationsgiven by the management we report that no fraud on or by the Company has been noticed orreported during the year under audit and even upto the date of our audit.

For ARUJUN JAIN & ASSOCIATES

Chartered Accountants

Sd/-
ARJUN JAIN
Proprietor
M.No.53693
Place: KOLKATA
Date: 28/08/2015