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Nikki Global Finance Ltd.

BSE: 531272 Sector: Financials
NSE: N.A. ISIN Code: INE526C01012
BSE 00:00 | 15 Sep Nikki Global Finance Ltd
NSE 05:30 | 01 Jan Nikki Global Finance Ltd
OPEN 5.05
PREVIOUS CLOSE 5.05
VOLUME 1
52-Week high 6.17
52-Week low 5.05
P/E
Mkt Cap.(Rs cr) 2
Buy Price 5.05
Buy Qty 1199.00
Sell Price 5.15
Sell Qty 200.00
OPEN 5.05
CLOSE 5.05
VOLUME 1
52-Week high 6.17
52-Week low 5.05
P/E
Mkt Cap.(Rs cr) 2
Buy Price 5.05
Buy Qty 1199.00
Sell Price 5.15
Sell Qty 200.00

Nikki Global Finance Ltd. (NIKKIGLOBFIN) - Auditors Report

Company auditors report

To the Members of Nikki Global Finance Limited

Report on the Financial Statements

We have audited the accompanying Financial Statements of M/s NikkiGlobal Finance Limited 1-9 LGF Lajpat Nagar-1 New Delhi -110024 whichcomprise the Balance Sheet as at 311 March 2019 and the statement of Profit andLoss and Cash Flow Statement for the year then ended and a summary of significantAccounting Policies and other explanatory information.

Management's responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters insection 134(5) of the Companies Act 2013 ("the Act") with respect to thepreparation of these 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 adequateaccounting records in accordance with the provision of the Act for safeguarding of theassets of the Company and for preventing and detecting the frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of internal financial control that were operating effectively for ensuringthe accuracy and completeness of the accounting records relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financialstatements based 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 Auditingspecified under section 143(10) of the Act. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence aboutthe amounts and disclosures in the financial statements. The procedures selected depend onour judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments weconsiders internal financial control relevant to th- - - ' 's preparation of the financialstatements that give true and fair view in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made byCompany's Directors as well as evaluating the overall presentation of the financialstatements.

We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the financial statements.

Opinion

In our opinion and to the best of our information and according to theexplanations given to us the aforesaid financial statements give the informationrequired by the Act in the manner so required and give a true and fair view in conformitywith the accounting principles generally accepted in India;

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 section143(l 1) 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 purposes of ouraudit.

b) In our opinion proper books of account as required by law have beenkept by the Company so far as appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss and Cash FlowStatement dealt with by this Report are in agreement with the books of account.

d) In our opinion the aforesaid 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 directorsas on 31 March 2019 taken on record by the Board of Directors none of the directors isdisqualified as on 31 March 2019 from being appointed as a director in terms of Section164(2) of the Act.

1) With respect to the adequacy of the internal financial controls overfinancial reporting of the Company and the operating effectiveness of such controls referto our separate Report in

"Annexure B".

g) In our opinion and to the best of our information and according tothe explanations given to us we report as under with respect to other matters to beincluded in the Auditor's Report in accordance with Rule 11 of the Companies (Audit andAuditors) Rules 2014:

i) The Company has disclosed the impact of pending litigations on itsfinancial position in its financial statements. ii) The Company did not have any long-termcontracts including derivatives contracts for which there were any material foreseeablelosses.

iii) As informed by the company there were no amounts which requiredto be transferred by the Company to the Investor Education and Protection Fund.

For RAJANI MUKESH & ASSOCIATES
Charted Accountants
Date: 28.05.2019
Place: New Delhi

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