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HCKK Ventures Ltd.

BSE: 539224 Sector: Financials
NSE: N.A. ISIN Code: INE345Q01017
BSE 00:00 | 04 Oct HCKK Ventures Ltd
NSE 05:30 | 01 Jan HCKK Ventures Ltd
OPEN 45.00
PREVIOUS CLOSE 45.00
VOLUME 1
52-Week high 45.00
52-Week low 43.20
P/E 1500.00
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 45.00
Sell Qty 1000.00
OPEN 45.00
CLOSE 45.00
VOLUME 1
52-Week high 45.00
52-Week low 43.20
P/E 1500.00
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 45.00
Sell Qty 1000.00

HCKK Ventures Ltd. (HCKKVENTURES) - Auditors Report

Company auditors report

To The Shareholders HCKK VENTURES LTD

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of M/s. HCKK VenturesLTD ("the Company") which comprise the Balance Sheet as at March 31 2019 andthe Statement of Profit and Loss (including Other Comprehensive Income) the Statement ofChanges in Equity and the Statement of Cash Flows for the year then ended and a summary ofthe significant accounting policies and other explanatory information (hereinafterreferred to as "the standalone financial statements").

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 Companies Act2013 ("the Act") in the manner so required and give a trueand fair view in conformity with the Indian Accounting Standards prescribed under section1 33 of the Act read with the Companies (Indian Accounting Standards) Rules 2015osamended ("lnd AS") and other accounting principles generally accepted in Indioof the state of affairs of the Company as at March 31 2019 the profit and totalcomprehensive income changes in equity and its cosh f lows for the year ended on thatdate.

Basis for Opinion

We conducted our audit of the standalone financial statements in accordance with theStandards on Auditing specified under section 1 43( 1 0) of the Act (SAs). Ourresponsibilities under those Standards ore further described in the Auditor'sResponsibilities for the Audit of the standalone financial statements section of ourreport. We ore independent of the Company in accordance with the Code of Ethics issued bythe Institute of Chartered Accountants of Indio (ICAI) together with the independencerequirements that ore relevant to our audit of the standalone financial statements underthe provisions of the Act and the Rules mode there under and we have fulfilled our otherethical responsibilities in accordance with these requirements and the ICAI's Code ofEthics. We believe that the audit evidence we have obtained is sufficient and appropriateto provide a basis for our audit opinion on the standalone financial statements.

Management's Responsibility for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these standalone financial statementsthat give a true and fair view of the financial position financial performance totalcomprehensive income changes in equity and cash flows of the Company in accordance withthe lnd AS and other accounting principles generally accepted in India. 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 standalone financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the standalone financial statements management is responsible forassessing the Company's ability to continue as a going concern disclosing as applicablematters related to going concern and using the going concern basis of accounting unlessmanagement either intends to liquidate the Company or to cease operations or has norealistic a lternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reportingprocess.

Auditors' Responsibility

Our objectives are to obtain reasonable assurance about whether the standalonefinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected to influence the economic decisions of userstaken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain Professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.Obtain an understanding of internal financial controls relevant to the audit in order todesign audit procedures that are appropriate in the circumstances. Under section 143(3)(i)of the Act we are also responsible for expressing our opinion on whether the Company hasadequate internal financial controls system in place and the operating effectiveness ofsuch controls. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on theappropriateness of management's use of the going concern basis of accounting and based onthe audit evidence obtained whether a material uncertainty exists related to events orconditions that may cast significant doubt on the Company's ability to continue as a goingconcern. If we conclude that a material uncertainty exists we are required to drawattention in our auditor's report to the related disclosures in the standalone financialstatements or if such disclosures are inadequate to modify our opinion. Our conclusionsare based on the audit evidence obtained up to the date of our auditor's report. Howeverfuture events or conditions may cause the Company to cease to continue as a going concern.Evaluate the overall presentation structure and content of the standalone financialstatements including the disclosures and whether the standalone financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation. Materiality is the magnitude of misstatements in the standalone financialstatements that individually or in aggregate makes it probable that the economicdecisions of a reasonably knowledgeable user of the standalone financial statements may beinfluenced. We consider quantitative materiality and qualitative factors in (i) planningthe scope of our audit work and in evaluating the results of our work; and (ii) toevaluate the effect of any identified misstatements in the standalone financialstatements. We communicate with those charged with governance regarding among othermatters the planned scope and timing of the audit and significant audit findingsincluding any significant deficiencies in internal control that we identify during ouraudit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act we give in the Annexure a statement on the matters specified in paragraphs 3 and4 of the Order.

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 of the aforesaidstandalone financial statements.

(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 including other comprehensiveincome statement of changes in equity and the statement of cash flow dealt with by thisReport are in agreement with the relevant books of account.

(d) "In our opinion the aforesaid standalone financial statements comply with thelnd AS specified under Section 1 33 of the Act read with relevant rules issued thereunder.

(e) On the basis of written representations received from the directors as on31-Mar-2019 and taken on record by the Board of Directors none of the directors isdisqualified as on 31-Mar-2019 from being appointed as a director in terms of sub-section(2) of section 164 of the Companies Act 2013.

(f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure B".

g) In our opinion and according to the information and explanations given to thecompany has not paid any managerial remuneration during the year ended March 31 2019.Hence provisions of section 1 97 read with Schedule V to the Act are not applicable tothe Company and has not commented upon; and

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 201 4 as amended inour opinion and to the best of our information and according to the explanations given tous:

i. The company does not have any other pending litigations which would impact itsfinancial position.

ii. The Company did not have any long term contracts including contracts for whichthere were any material foreseeable losses; and iii. There were no amounts which wererequired to be transferred to the Investor Education and Protection Fund by the Company.

Chartered Accountants
Firm Regn No. 111225W
Place: Mumbai
Date: May 27th 2019
P. Balasubramanian
Membership No. 037504
(Partner)

ANNEXURE "A" TO THE AUDITORS REPORT to the members of M/s. HCKK VENTURESLIMITED FOR THE YEAR ENDED 31-MAR-2019.

Report on the matters specified in paragraph 3 of the Companies (Auditor's Report)Order 2016 ("the Order') issued by the Central Government of India in terms ofsection 143(11) of the Companies Act 2013 ("the Act") as refe rred to inparagraph 1 of ' Report on Other legal and Regulatory Requirements' section.

i. In respect of the Company's fixed assets:

a) In our opinion the Company has maintained proper records of its fixed assets showingfull particulars including quantitative details and their location.

b) All the fixed assets have been physically verified during the year by themanagement. As explained to us there is a regular programme of verification which in ouropinion is reasonable having regard to the size of the Company and the nature of itsassets. No material discrepancies were noticed between physical verification of assets ascompared with books/ records maintained by the management ii. In our opinion physicalverification of inventory has been conducted by the management at reasonable intervals;Material discrepancy if any noticed on physical verification of stocks as compared tobook records have been properly dealt with in the books of account.

iii. The Company has not granted any loans secured or unsecured to companies firmsor other parties covered in the register maintained under section 1 89 of the Act.Therefore the provisions of Clouse 3 (iii) of the said order a re not applicable to thecompany.

iv. As per the information and explanation given to us and on the basis of ourexamination of the records the company has complied with provision of section 1 85 and 186 of the Act with respect to the loans and investment made.

v. As the company has not accepted deposits the directives issued by the Reserve Bankof India and provisions of sections 73 to 7 6 or any other provisions of the companies Actand rules framed there under are not applicable

vi. According to the information and explanation given to us the maintenance of costrecords has not been specified by the Central Government under Section 1 48( 1) of theCompanies Act 2013 for the business activities carried on by the Company. The reportingunder clause 3(vi) of the Order is hence not applicable to the Company;

vii. (a) According to the information and explanations given to us and the records ofthe Company examined by us in our opinion the Company is generally regular in depositingundisputed statutory dues in respect of income tax sales tax service tax goods andservice tax customs duty excise duty cess and other material statutory dues as applicable with the appropriate authorities. Provident fund employees' state insurance is notapplicable on the company. Further there were no undisputed amounts outstanding at theyear-end for a period of more than six months from the date they become payable. (b)According to the information and explanations given to us and as per the books and recordsexamined by us there are no dues of custom duty income tax excise duty goods andservice tax service tax soles tax and cess which have not been deposited on account ofany dispute.

viii. According to the information and explanations given to us and as per the booksand records examined by us the Company does not have any borrowings from any Governmentsfinancial institution or bank nor has it issued any debentures as at the balance sheetdate the provision of clause 3(viii) of the Order are not applicable to the company.

ix. According to the information and explanations given by the management the Companyhas not raised any monies by way of initial public offer or further public offer duringthe financial year and the Company has not raised any term loans. Accordingly theprovisions of clause 3(ix) of the Order are not applicable to the company.

x. In our opinion and on the basis of information and explanations given to us nocases of fraud by the Company or fraud on the Company by its officers or employees hasbeen noticed or reported during the year

xi. In our opinion and according to the information and explanations given to us thecompany has not paid any managerial remuneration during the year. Hence the provisions ofsection197 of the Act is not applicable to the company and the related reportingrequirement of the Order ore not applicable.

xii. As the Company is not a Nidhi Company hence clause (xii) of the Order is notapplicable to the Company.

xiii. According to the information and explanations given to us all transactions withthe related parties are in compliance with sections 177 and 1 88 of Act as applicable andthe details have been disclosed in these standalone financial statements as required bythe applicable accounting standards.

xiv. As the Company has not made any preferential allotment and private placement ofshares or fully & partly convertible debentures during the year under review therequirement of section 42 of the Act are not applicable

xv. In our opinion and on the basis of information and explanations given to us theCompany has not entered into non-cash transactions with directors and persons connectedwith him. Hence the provisions of section 192 of Act are not applicable. xvi. In ouropinion and on the basis of information and explanations given to us the Company is notrequired to be registered under section 45-IA of the Reserve Bank of India Act 1 934.

For V. Vaidyanathan & Co.
Chartered Accountants
Firm Regn No. 111225W
Place: Mumbai
Date: May 27th 2019
P. Balasubramanian
Membership No. 037504
(Partner)

ANNEXURE B TO THE INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M/ s. HCKK VENTURESLIMITED FOR THE YEAR ENDED 31-MAR-2019.

Report on the matters specified in paragraph 3 of the Companies (Auditor's Report)Order 2016 ("the Order') issued by the Central Government of India in terms ofsection 143(11 ) of the Companies Act 2013 ("the Act") as referred to inparagraph 1 of ' Report on Other Legal and Regulatory Requirements' section.

We have audited the internal financial controls over financial reporting of M/ s.HCKK VENTURES LIMITED ("the Company") as of March 31 2019 in conjunctionwith our audit of the standalone financial statements of the Company for the year ended onthat date.

"Management's Responsibility for Internal Financial Controls"

The Board of Directors of the company is responsible for establishing and maintaininginternal financial controls based on "the internal control over financial reportingcriteria established by the Company considering the essential components of internalcontrol stated in the Guidance Note on Audit of Internal Financial Controls Over FinancialReporting issued by the Institute of Chartered Accountants of India". Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to the Company's policies the safeguardingof its assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit.

We conducted our audit in accordance with the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting (the "Guidance Note") and theStandards on Auditing as specified under section 143( 1 0) of the Act to the extentapplicable to an audit of internal financial controls both applicable to an audit ofInternal Financials Controls and both issued by the Institute of Chartered Accountants ofIndia. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness.

Our audit of internal financial controls over financial reporting included obtaining onunderstanding of internal financial controls over financial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selecteddepend on the auditor's judgement including the assessment of the risks of materialmisstatement of the standalone financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that:

a) pertain to the maintenance of records that in reasonable detail accurately andfairly reflect the transactions and dispositions of the assets of the company;

b) provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorisations of management and directors of the company; and

c) Provide reasonable assurance regarding prevention or timely detection ofunauthorised acquisition use or disposition of the company's assets that could have amaterial effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting were operating effectively as at March 31 2019 based on"the internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls Over Financial Reporting issued by the Institute ofChartered Accountants of India".

For V. Vaidyanathan & Co.
Chartered Accountants
Firm Regn No. 111225W
Place: Mumbai
Date: May 27 2019
P. Balasubramanian
Membership No. 037504
(Partner)