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Golden Capital Services Ltd.

BSE: 539853 Sector: Financials
NSE: N.A. ISIN Code: INE135D01010
BSE 00:00 | 17 Jun Golden Capital Services Ltd
NSE 05:30 | 01 Jan Golden Capital Services Ltd
OPEN 23.00
PREVIOUS CLOSE 23.00
VOLUME 10
52-Week high 23.00
52-Week low 0.00
P/E 460.00
Mkt Cap.(Rs cr) 7
Buy Price 24.20
Buy Qty 1.00
Sell Price 23.00
Sell Qty 190.00
OPEN 23.00
CLOSE 23.00
VOLUME 10
52-Week high 23.00
52-Week low 0.00
P/E 460.00
Mkt Cap.(Rs cr) 7
Buy Price 24.20
Buy Qty 1.00
Sell Price 23.00
Sell Qty 190.00

Golden Capital Services Ltd. (GOLDENCAPITAL) - Auditors Report

Company auditors report

To the Members of

GOLDEN CAPITAL SERVICES LIMITED

Report on the Standalone Ind AS Financial Statements for the F.Y. 2017-18

We have audited the accompanying Standalone Ind AS Financial Statements of GoldenCapital Services Limited ("the Company") which comprise of the Balance Sheetas at 31st March 2018 Profit and Loss Account and the Cash Flow Statementfor the year the ended and a summary of the significant accounting policies and otherexplanatory information.

Management's Responsibility for the Standalone Ind AS 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 preparationand presentation of these Standalone Ind AS Financial Statements that give a true and fairview of the financial position financial performance and cash flows including othercomprehensive income and changes in equity of the Company in accordance with theaccounting principles generally accepted in India including the Indian AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014. This responsibility also includes maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding of theassets of the Company and for preventing and detecting frauds and other irregularities;selection and application of appropriate accounting policies; making judgments andestimates that are reasonable and prudent; and design implementation and maintenance ofadequate internal financial controls that were operating effectively for ensuring theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the Standalone Ind AS financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express a reasonable opinion on these Standalone Ind ASFinancial Statements based 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 there under.

We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the Standalone Ind AS Financial Statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the Standalone Ind AS Financial statements. The procedures selected dependon the auditor's judgment including the assessment of the risks of material misstatementof the Standalone Ind AS Financial Statements whether due to fraud or error. In makingthose risk assessments the auditor considers internal control relevant to the Company'spreparation and fair presentation of the Standalone Ind AS Financial Statements in orderto design audit procedures that are appropriate in the circumstances. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonablenessof the accounting estimates made by management as well as evaluating the overallpresentation of the Standalone Ind AS 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 Ind AS Financial Statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the Standalone Ind AS Financial Statements give the information required bythe Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the state of affairs of the Companyas at 31st March 2018 and its statement of profit & loss totalcomprehensive income the charges in equity and cash flows for the year ended on thatdate.

Other Matter

The Financial information of the Company for the year ended March 31 2017 and thetransition date of opening balance sheet as at April 1 2016 included in these Ind ASFinancial Statements are based on previously issued statutory financial statements forthe year ended March 31 2017 and March 31 2016 prepared in accordance with the Companies(Accounting Standards) Rules 2006 (as amended) which were audited by us. The Adjustmentto those financial statements for the difference in accounting principles adopted by theCompany on transition to the Ind AS have been audited by us.

Report on Other Legal and Regulatory Requirements

1. As required by Companies (Auditors Report) Order 2016 ('the order') issued byCentral Government of India in terms of subsection (11) of section 143 of the Act weenclose in the "Annexure 1" a statement on the matters specified in paragraphs 3& 4 of the said order to extent applicable.

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 Statement of Profit and Loss and statement of Cash Flow andStatement of Changes in Equity dealt with by this Report are in agreement with the booksof account.

d) In our opinion the aforesaid Standalone Ind AS Financial Statements comply with theAccounting Standard specified under Section 133 of the Act read with Rule 7 of theCompanies (Accounts) Rules 2014.

e) In our opinion there are no observations or comments on the financial which mayhave an adverse effect on the functioning of the company.

f) On the basis of the written representations received from the directors as on 31stMarch 2018 taken on record by the Board of Directors none of the director isdisqualified as on 31st March 2018 from being appointed as a director in termsof Section 164 (2) of the Act.

g) With respect to the adequacy of the Internal Financial Controls over financialreporting of the Company and the operating effectiveness of such controls we give ourseparate Report in "Annexure2".

h) 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 does not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses.

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

iv. The disclosures regarding details of specified bank notes held and transactedduring 8 November 2016 has not been made since the requirement does not pertain tofinancial year ended March 31 2018.

For Vandana Patel.
Chartered Accountants
Sd/-
Place: Ahmedabad CA Vandana Patel
Date : 30th May 2018 Mem No. 144985

"ANNEXURE 1" TO THE INDEPENDENT AUDITOR'S REPORT

In terms of the information and explanations sought by us and given by the company andthe books and records examined by us in the normal course of audit and to the best of ourknowledge and belief we state that: -

(i) a) Based on our scrutiny of the Company's Book of Account and other records andaccording to the information and explanations received by us from the management Thecompany has maintained proper records of fixed assets and physical verification of fixedassets.

b) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties areheld in the name of the Company.

(ii) As company is engaged in providing of services hence the reporting requirementunder this clause of the said order does not arise.

(iii) The Company has not granted loans secured or unsecured to any companies firmsLimited Liability Partnerships or other parties covered in the register maintained undersection 189 of the Companies Act 2013. Hence the reporting requirement under clause (iii)of the said order does not arise.

(iv) Based on our scrutiny of the Company's records and according to the informationand explanations received by us from the management we are of the opinion that thecompany has not given loans and guarantees no investments made and no securitiespurchased. Hence the reporting requirement under this clause of the said order does notarise.

(v) In our opinion and according to information and explanations given to us theCompany has not accepted any deposits from the public and hence the reporting requirementunder this Clause of the said order does not arise.

(vi) According to the information and explanations provided by the management thecompany is not engaged in production of any such goods or provision of any such servicesfor which maintenance of cost records has been prescribed by the Central Government undersection 148(1). Hence the reporting requirement under this clause of the said order doesnot arise

(vii) a) Based on our scrutiny of the Company's Book of Account and other records andaccording to the information and explanations received by us from the management we areof the opinion that the company is regular in depositing with appropriate authoritiesundisputed statutory dues applicable to it and no undisputed amounts payable in respect ofany statutory dues were outstanding as at 31st March 2018 for a period of morethan six months from the date they became payable.

b) According to the records of the company and the information and explanationsreceived by us from the management there are no disputed statutory dues outstanding inthe name of the company.

(viii) According to the records of the company the Company has neither borrowed anyamount from any financial institution bank or government nor issued any debentures till31st March 2018. Hence in our opinion the reporting requirement under thisclause of the said Order does not arise.

(ix) According to the records of the company the company has neither raised any moneysby way of Initial Public Offer or Further Public Offer (including debt instrument) nor hasthe company raised any term loans. Hence in our opinion the reporting requirement underthis clause of the said order does not arise.

(x) Based upon the audit procedures performed and information and explanations given bythe management neither any fraud on the company by its officers or employees nor anyfraud by the company has been noticed or reported during the course of our audit. Hencein our opinion the reporting requirement under this clause of the said order does notarise.

(xi) According to the records of the company no Managerial remuneration has been paidor provided during the year under audit. Hence in our opinion the reporting requirementUnder this clause of the said order does not arise.

(xii) In our opinion and to the best of our information and according to theexplanations provided by the management we are of the opinion that the company is not aNidhi Company. Hence in our opinion the reporting requirement under this clause of thesaid order does not arise.

(xiii) According to the information and explanations given to us and based on ourexamination of the records of the Company transactions with the related parties are incompliance with Sections 177 and 188 of the Act where applicable and details of suchtransactions have been disclosed in the Standalone Ind AS Financial Statements as requiredby the applicable accounting standards.

(xiv) Based on our scrutiny of the Company's Book of Account and other records andaccording to the information and explanations received by us from the management we areof the opinion that the company has not made any preferential allotment or privateplacement of shares or fully or partly convertible debentures during the year underreview. Hence the reporting requirement under this clause of the said order does notarise.

(xv) Based on our scrutiny of the Company's Book of Account and other records andaccording to the information and explanations received by us from the management we areof the opinion that the company has not entered into any non-cash transactions with itsdirectors or persons connected with him. Hence the reporting requirement under thisclause of the said order does not arise.

(xvi) In our opinion and to the best of our information and according to theexplanations provided by the management we are of the opinion that the company is notrequired to be registered under section 45-IA of the Reserve Bank of India Act 1934.Hence the reporting requirement under this clause of the said order does not arise.

For Vandana Patel.
Chartered Accountants
Sd/-
Place: Ahmedabad CA Vandana Patel
Date : 30th May 2018 Mem No. 144985

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