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Munoth Capital Markets Ltd.

BSE: 511200 Sector: Financials
NSE: N.A. ISIN Code: INE910G01027
BSE 00:00 | 14 Feb 63.20 0
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63.20

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63.20

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NSE 05:30 | 01 Jan Munoth Capital Markets Ltd
OPEN 63.20
PREVIOUS CLOSE 63.20
VOLUME 1
52-Week high 63.20
52-Week low 63.20
P/E
Mkt Cap.(Rs cr) 57
Buy Price 0.00
Buy Qty 0.00
Sell Price 66.35
Sell Qty 13.00
OPEN 63.20
CLOSE 63.20
VOLUME 1
52-Week high 63.20
52-Week low 63.20
P/E
Mkt Cap.(Rs cr) 57
Buy Price 0.00
Buy Qty 0.00
Sell Price 66.35
Sell Qty 13.00

Munoth Capital Markets Ltd. (MUNOTHCAPITAL) - Auditors Report

Company auditors report

To the Members of MUNOTH CAPITAL MARKET LIMITED Report on the Ind ASFinancial Statements

We have audited the accompanying Ind AS financial statements of MUNOTHCAPITAL MARKET LIMITED ("the Company") which comprise the Balance Sheet as atMarch 31 2018 the Statement of Profit and Loss including the statement of OtherComprehensive Income the Cash Flow Statement and the Statement of Changes in Equity forthe year then ended and a summary of significant accounting policies and otherexplanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters statedin Section 134(5) of the Companies Act 2013 ("the Act") with respect to thepreparation of these Ind AS financial statements that give a true and fair view of thefinancial position financial performance including other comprehensive income cash flowsand changes in equity of the Company in accordance with accounting principles generallyaccepted in India including the Indian Accounting Standards (Ind AS) specified undersection 133 of the Act. read with Rule 7 of the Companies (Accounts) Rules 2014 and theCompanies (Indian Accounting Standards) Rules 2015 as amended. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding of the assets of the Company and for preventing and detectingfrauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and the designimplementation and maintenance of adequate internal financial control that were operatingeffectively for ensuring the accuracy and completeness of the accounting records relevantto the preparation and presentation of the Ind AS 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 Ind AS financialstatements based on our audit. We have taken into account the provisions of the Act theaccounting and auditing standards and matters which are required to be included in theaudit report under the provisions of the Act and the Rules made there under. We conductedour audit of the Ind AS financial statements in accordance with the Standards on Auditingissued by the Institute of Chartered Accountants of India as specified under Section143(10) of the Act. Those Standards require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatement. An audit involves performing procedures toobtain audit evidence about the amounts and disclosures in the financial statements. Theprocedures selected de pend on the auditor's judgment including the assessment of therisks of material misstatement of the Ind AS financial statements whether due to fraud orerror. In making those risk assessments the auditor considers internal financial controlrelevant to the Company's preparation of the Ind AS financial statements that give a trueand fair view 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 the Company'sDirectors as well as evaluating the overall presentation of the Ind AS financialstatements. We believe that the audit evidence we have obtained is sufficient andappropriate to provi de a basis for our audit opinion on the Ind AS financial statements.

Opinion

In our opinion and to the best of our information and according to theexplanations given to us the 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 March 31 2018 its loss including other comprehensive income its cash flows andthe changes in equity for the year ended on that date.

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 of the Act we give in the Annexure A a statement on thematters specified in paragraphs 3 and 4 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 explanationswhich to the best of our knowledge and belief were necessary for the purpose of our audit;

(b) In our opinion proper books of account as required by law havebeen kept by the Company so far as it appears from our examination of those books;

(c) The Balance Sheet Statement of Profit and Loss including theStatement of Other Comprehensive Income the Cash Flow Statement and Statement of Changesin Equity dealt with by this Report are in agreement with the books of account;

(d) In our opinion the aforesaid Ind AS financial statements complywith the Accounting Standards specified under section 133 of the Act read with Rule 7 ofthe Companies (Accounts) Rules 2014 Companies (Indian Accounting Standards) Rules 2015as amended;

(e) On the basis of written representations received from the directorsas on March 31 2018 and taken on record by the Board of Directors none of the directorsis disqualified as on March 31 2018 from being appointed as a director in terms ofsection 164 (2) of the Act;

(f) With respect to the adequacy of the internal financial controlsover financial reporting of the Company and the operating effectiveness of such controlsrefer to our separate Report in "Annexure B" to this report;

(g) With respect to the other matters to be included in the Auditor'sReport in accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 asamended in our opinion and to the best of our information and according to theexplanations given to us:

i. The Company does not have any pending litigations which would impactits financial position in its Ind AS financial statements;

ii. The Company did not have any long term contracts includingderivative contract for which there were any material foreseeable losses.;

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

For B.Maheshwari & Co. Chartered Accountants FirmRegistration No. 105839W

(Surendra He da) Partner M.No.102316

Place: Mumbai Date: 30.05.2018

MUNOTH CAPITAL MARKET LIMITED

ANNEXURE-A TO THE INDEPENDENT AUDITOR'S REPORT

The Annexure referred to in paragraph 1 under the ‘Report on OtherLegal and Regulatory Requirements' our report to the members of MUNOTH CAPITAL MARKETLIMITED (‘the Company') for the year ended on March 31 2018. We report that:-

i. a) The Company has maintained proper records to show fullparticulars including quantitative details and situation of its fixed assets.

b) As explained to us during the year fixed assets have beenphysically verified by the management at reasonable intervals; no material discrepancieswere noticed on such verification. c) Since the Company does not have any immovableproperty hence the provisions of clause i (c) of paragraph 3 of the said order is notapplicable to the Company

ii. The nature of business of the Company does not require it to haveany inventory hence provisions of Clause 3(ii) of the aforesaid Order are not applicableto the Company iii. According to the information and explanations given to us and on thebasis of our examination of the books of account the Company has not granted any loanssecured or unsecured to companies firms Limited Liability Partnerships or other partieslisted in the register maintained under Section 189 of the Companies Act 2013.Consequently the provisions of clauses iii (a) & (b) of the aforesaid order are notapplicable to the Company.

iv. The Company has not granted any loans or made any investments orprovided any guarantee or security to the parties covered under Section 185 and 186 andhence provisions of Clause 3(iv) of the aforesaid Order are not applicable to the Company.

v. In our opinion and according to the information and explanationsgiven to us the

Company has not accepted any deposits during the year from the publicto which the directives issued by the Reserve bank of India and provisions of Sections 73to 76 and any other relevant provisions of the Act and the Rules framed thereunder apply.

vi. In our opinion and according to the information and explanationsgiven to us maintenance of cost records under sub-section (1) of the Section 148 of theCompanies Act 2013 has not been prescribed by the government.

vii. (a) According to the records of the Company the Company isgenerally regular in depositing undisputed statutory dues including provident fundemployees' state insurance income-tax sales tax service tax duty of customs duty ofexcise value adde d tax cess and other statutory dues with appropriate authorities.There are no arrears of outstanding statutory dues as at the last day of the financialyear for a period of more than six months from the date they became payable.

(b) According to the records of the Company examined by us andinformation and explanations given to us there were no dues of income tax sales taxservice tax duty of customs duty of excise value added tax cess to the extentapplicable which have not been deposited on account of any disputes.

viii. The Company has not borrowed from any financial institutionbank Government or debenture holders and hence Provisions of clause 3 (viii) of theaforesaid Order are not applicable to the Company.

ix. The Company has not raised any money by way of initial publicoffer further public offer (including debt instruments) and term loans and henceprovisions of Clause 3(ix) of the aforesaid Order are not applicable to the Company. x.During the course of our examination of the books and records of the Company carried outin accordance with the generally accepted auditing practices in India and according tothe information and explanations given to us we have neither come across any instance ofmaterial fraud by the Company or on the Company by its officers or employees noticed orreported during the year nor have we been informed of any such case by the management.

xi. The Company has not paid/provided any managerial remuneration inthe current year and hence provisions of Clause 3(xi) of the aforesaid Order are notapplicable to the Company.

xii. The Company is not a Nidhi Company and the Nidhi Rules 2014 arenot applicable to the Company and hence provisions of Clause 3(xii) of the aforesaid Orderare not applicable to the Company.

xiii. Based on our audit proce dures and according to the informationand explanations given to us by the management the transactions with the related partiesare in compliance with Section 177 and 188 of the Companies Act 2013 where applicable anddetails have been disclosed in the Financial Statements etc. as required by theapplicable accounting standards.

xiv. The Company has not made any preferential allotment or privateplacement of shares or fully or partly convertible debentures during the year under reviewand hence provisions of Clause 3(xiv) of the aforesaid Order are not applicable to theCompany.

xv. The Company has not entered into any non-cash transactions with itsdirectors or the persons connected with him and hence provisions of Clause 3(xv) of theaforesaid Order are not applicable to the Company.

xvi. The Company is not required to be registered under Section 45-IAof the Reserve Bank of India Act 1934.

For B.Maheshwari & Co. Chartered Accountants FirmRegistration No. 105839W

(Surendra He da) Partner M.No.102316

Place: Mumbai Date: 30.05.2018

MUNOTH CAPITAL MARKET LIMITED

ANNEXURE-B TO INDEPENDENT AUDITOR'S REPORT

The Annexure referred to in paragraph 2(f) under the ‘Report onOther Legal and Regulatory Requirements' our report to the members of MUNOTH CAPITALMARKET LIMITED (‘the Company') for the year ended on March 31 2018.

Report on the Internal Financial Controls under Clause (i) ofSub-Section 3 of Section 143 of the Act

We have audited internal financial controls over financial reporting ofMUNOTH CAPITAL MARKET LIMITED ("the Company") as of March 31 2018in conjunction with our audit of the financial statements of the Company for the year thenended on that date.

Management's Responsibility for the Internal Financial Controls

The Company's management is responsible for establishing andmaintaining internal financial controls based on the internal control over financialreporting criteria established by the Company considering the essential components ofinternal control stated in Guidance Note on Audit of Internal Financial Controls overFinancial Reporting issued by the Institute of Chartered Accountants of India (ICAI).These responsibilities includes design implementation and maintenance of adequateinternal financial controls that were operating effectively for ensuring the orderly andefficient conduct of business including adherence to Company's policies the safeguardingof the 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.

Auditor's Responsibility

Our responsibility is to express an opinion on Company's internalfinancial controls over financial reporting based on our audit. We conducted our audit inaccordance with the Guidance Note on Audit of Internal Financial Controls over FinancialReporting (‘the Guidance Note') and the Standards on Auditing deemed to be prescribedunder Section 143(10) of the Act to the extent applicable to an audit of internalfinancial controls both applicable to an audit of internal financial controls and bothissued by the ICAI. Those Standards and Guidance note require that we comply with ethicalrequirements and plan and perform 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 procedure to obtain audit evidence aboutthe adequacy of the internal financial controls system over financial reporting and theiroperating effectiveness. Our audit of internal financial controls over financial reportingincluded obtaining an understanding of internal financial controls over financialreporting assessing the risk that a material weakness exists and testing and evaluatingthe design and operating effectiveness of internal controls based on the assessed risk.The procedures selected de pend on the auditor's judgement including the assessment ofthe risks of material misstatement of the financial statements whether due to fraud orerror.

We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the Company's internal financialcontrols system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A Company's internal financial control over financial reporting is aprocess designed to provide a reasonable assurance regarding the reliability of financialreporting and preparation of financial statements for external purpose in accordance withgenerally accepted accounting principles. A Company's internal financial control overfinancial reporting includes those policies and procedures that:

1. Pertain to the maintenance of records that in reasonable detailaccurately and fairly reflect the transactions and dispositions of the assets of theCompany;

2. Provide reasonable assurance that the transactions are recorded asnecessary to permit preparation of financial statements in accordance with the generallyaccepted accounting principles and that receipts and expenditures of the Company arebeing made only in accordance with authorisations of management and directors of theCompany; and

3. Provide reasonable assurance regarding prevention or timelydetection of unauthorised acquisition use or disposition of the Company's assets thatcould have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over FinancialReporting

Because of the inherent limitations of internal financial controls overfinancial reporting including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial control overfinancial reporting to future periods are subject to the risk that the internal financialcontrol over financial reporting may become inadequate because of changes in conditionsor that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material aspects an adequateinternal financial control system over financial reporting and such internal financialcontrols over financial reporting were operating effectively as at March 31 2018 basedon the internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in Guidance Note on Auditof Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India.

For B.Maheshwari & Co.

Chartered Accountants

Firm Registration No. 105839W

(Surendra He da)

Place: Mumbai

Partner Date: 30.05.2018

M.No.102316