मैट्रिक्स
 
 
moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Finance - Investments > लेखा परीक्षकों की रिपोर्ट से वीसीके कैपिटल मार्केट सर्विसेस - बीएसई: 511493, NSE: N.A

वीसीके कैपिटल मार्केट सर्विसेस

बीएसई: 511493  |  NSE: N.A  |  ISIN: INE488C01015  |  Finance - Investments

खोजें वीसीके कैपिटल मार्केट सर्विसेस कनेक्शन Mar 14
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '15
We have audited the accompanying Standalone Financial Statements of
 VCK CAPITAL MARKET SERVICES LIMITED (the Company), which comprise
 the Balance Sheet as at March 31, 2015, the Statement of Profit and
 Loss, the Cash Flow Statement for the Year then ended and a Summary 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 Section 134(5) of the Companies Act, 2013 (the Act) with respect
 to the preparation of these Standalone Financial Statements that give
 a true and fair view of the Financial Position, Financial Performance
 and Cash Flows of the Company in accordance with the accounting
 principles generally accepted in India, including the Accounting
 Standards specified Under Section 133 of the Act, read with Rule 7 of
 the Companies (Accounts) Rules, 2014. This responsibility also
 includes maintenance of adequate accounting records in accordance with
 the provisions of the Act for safeguarding of the assets of the
 Company and for preventing and detecting frauds and other
 irregularities; selection and application of appropriate accounting
 policies; making judgments and estimates that are reasonable and
 prudent; and design, implementation and maintenance of adequate
 internal financial controls, that were operating effectively for
 ensuring the accuracy and completeness of the accounting records,
 relevant to the preparation and presentation of the financial
 statements that give a true and fair view and are free from material
 misstatement, whether due to fraud or error.
 
 Auditors'' Responsibility
 
 Our responsibility is to express an opinion on these Standalone
 Financial Statements based on our audit. We have taken into account
 the provisions of the Act, the accounting and auditing standards and
 matters which are required to be included in the audit report under
 the provisions of the Act and the Rules made thereunder.
 
 We conducted our audit in accordance with the Standards on Auditing
 specified under Section 143(10) of the Act. Those Standards require
 that we comply with ethical requirements and plan and perform the
 audit to obtain reasonable assurance about whether the financial
 statements are free from material misstatement. An audit involves
 performing procedures to obtain audit evidence about the amounts and
 the disclosures in the financial statements. The procedures selected
 depend on the auditor''s judgment, including the assessment of the
 risks of material misstatement of the financial statements, whether
 due to fraud or error. In making those risk assessments, the auditor
 considers internal financial control relevant to the Company''s
 preparation of the financial statements that give a true and fair view
 in order to design audit procedures that are appropriate in the
 circumstances. An audit also includes evaluating the appropriateness
 of the accounting policies used and the reasonableness of the
 accounting estimates made by the Company''s Directors, as well as
 evaluating the overall presentation of the financial statements.
 
 We believe that the audit evidence we have obtained is sufficient and
 appropriate to provide a basis for our audit opinion on the standalone
 financial statements.
 
 Opinion
 
 In our opinion and to the best of our information and according to the
 explanations given to us, the aforesaid financial statements give the
 information required by the Act in the manner so required and give a
 true and fair view in conformity with the accounting principles
 generally accepted in India, subject to the matter stated under
 emphasis of matter:
 
 (i) in the case of the Balance Sheet, of the state of affairs of the
 Company as at March 31, 2015;
 
 (ii) in the case of the Statement of Profit and Loss, of the profit
 for the year ended on that date; and
 
 (iii) in the case of the Cash Flow Statement, of the cash flows of the
 Company for the year ended on that date.
 
 Emphasis on Matters
 
 We draw attention to the following matterS in the Notes to the
 financial statements:
 
 [1] Note No. 10 on reclassification of certain investments as stock in
 trade during the financial year 2014-15.
 
 [2] Note No. 12(2) under Long Term Loans and Advances regarding no
 additional write off/provisioning required for other loans, pending
 final outcome of a sub judice claim preferred by the Company. Also,
 the Company has been allotted fully paid equity shares at par against
 certain loans outstanding as at 1st April, 2014, which was also a
 related subject matter of the above sub-judice loan.
 
 [3] Note No. 13 on Long Term Trade Receivables, regarding allotment of
 fully paid equity shares at par against certain outstanding amounts,
 which has been classified as stock in trade.
 
 [4] Note No. 14(1) regarding determination of the net realizable value
 of stock in trade, which has been considered as the fair market value
 on the basis of Rule 11U and 11UA of the Income Tax Rules.
 
 [5] Note No. 14(2) regarding classification of a Company as an
 Associate Company under Section 2(6) of the Companies Act, 2013.
 Consolidated financial statements have not been prepared since the
 shares are held as stock in trade and would be disposed of in the near
 future.
 
 [6] Note No 13 on credit balances lying in certain dormant banking
 accounts, where no write off/adjustment has been done pending final
 outcome of the appeal preferred by the Company.
 
 [7] Note 33 regarding non funding of gratuity liability.
 
 Our opinion is qualified in respect of the matters stated under items
 2, since the same could have a significant impact on the financials of
 the Company, which are not determinable presently.
 
 Our opinion is not modified in respect of the other matters
 
 Report on Other Legal and Regulatory Requirements
 
 [1] As required by the Companies (Auditor''s Report) Order, 2015 (the
 Order) issued by the Central Government of India in terms of
 sub-section (11) of section 143 of the Companies Act 2013, we give in
 the Annexure a statement on the matters 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 explanations
 which to the best of 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 the Company so far as it appears from our examination of
 those
 
 (c) The Balance Sheet, the Statement of Profit and Loss, and the Cash
 Flow Statement dealt with by this Report are in agreement with the
 books of account
 
 (d) In our opinion, the aforesaid standalone financial statements
 comply with the Accounting Standards specified under Section 133 of
 the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
 
 (e) On the basis of the written representations received from the
 directors as on 31st March, 2015 and taken on record by the Board of
 Directors, none of the directors is disqualified as on 31st March,
 2015 from being appointed as a director in terms of Section 164 (2) of
 the Act.
 
 (f) With respect to the other matters to be included in the Auditor''s
 Report in accordance with Rule 11 of the Companies (Audit and
 Auditors) Rules, 2014, in our opinion and 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 financial position;
 
 (ii) The Company did not have any long-term contracts including
 derivative contracts for which there were any material foreseeable
 losses.
 
 (iii) There were no amounts which were required to be transferred by
 the Company to the Investor Education and Protection Fund during the
 year.
 
 THE ANNEXURE REFERRED TO IN PARAGRAPH 1 OF THE OUR REPORT OF EVEN DATE
 TO THE MEMBERS OF VCK CAPITAL MARKET SERVICE LIMITED ON THE ACCOUNTS
 OF THE COMPANY FOR THE YEAR ENDED MARCH 31, 2015
 
 On the basis of such checks as we considered appropriate and according
 to the information and explanation given to us during the course of
 our audit, we report that :
 
 1. (a) The company has maintained proper records showing full
 particulars including quantitative details and situation of its fixed
 assets.
 
 (b) As explained to us, fixed assets have been physically verified by
 the management at reasonable intervals; no material discrepancies were
 noticed on such verification. However, during the year, the fixed
 assets of the Company comprising of only land and building appurtenant
 thereto have been fully disposed of.
 
 2. (a) The stock of shares have been physically verified by the
 management during the year. In our opinion, the frequency of such
 verification is reasonable.
 
 (b) In our opinion, the procedures of physical verification of stock
 of shares followed by the Management are reasonable and adequate in
 relation to the size of the Company and the nature of its business.
 
 (c) On the basis of the examination of the inventory records, in our
 opinion, the Company is maintaining proper records of stock of shares.
 No material discrepancies have been noticed on the physical
 verification of stock of shares.
 
 3. According to the information and explanations given to us and on
 the basis of our examination of the books of account, the Company has
 not granted any loans, secured or unsecured, to companies, firms or
 other parties listed in the register maintained under Section 189 of
 the Companies Act, 2013. Consequently, the provisions of clauses iii
 
 (a) and iii(b) of paragraph 3 the order are not applicable to the
 Company.
 
 4. In our opinion and according to the information and explanations
 given to us, there is generally an adequate internal control procedure
 commensurate with the size of the company and the nature of its
 business, for the purchase of fixed assets purchase and sale of
 shares/ investments and for the sale of services. Further, during the
 course of our audit, no major instance of continuing failure to
 correct any weaknesses in the internal controls has been noticed.
 
 5. The Company has not accepted any Deposits during the year and,
 accordingly, the provisions of Clauses V of Paragraph 3 of the Order
 is not applicable to the Company. An aggregate amount of 30,000/- is
 outstanding against such Deposits accepted by the Company in the
 earlier years. The Company has transferred an aggregate amount of
 45,533/- against such unclaimed Deposit [inclusive of Interest] to the
 Investors Education and Protection Fund in an earlier year.
 
 6. As per information and explanation given by the management,
 maintenance of cost records have not been prescribed by the Central
 Government under sub-section (1) of section 148 of the Act for the
 type of business the Company is currently in.
 
 7. (a) According to the records of the company, undisputed statutory
 dues including Provident Fund, Employees'' State Insurance, Income-tax,
 Sales-Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Value
 Added Tax, Cess to the extent applicable and any other statutory dues
 have generally been regularly deposited with the appropriate
 authorities. According to the information and explanations given to us
 there were no outstanding statutory dues as on 31st of March, 2015 for
 a period of more than six months from the date they became payable,.
 
 (b) According to the information and explanations given to us, there
 is no amounts payable in respect of income tax, wealth tax, service
 tax, sales tax, customs duty, excise duty and value added tax which
 have not been deposited on account of any disputes.
 
 (c) According to the information and explanations given to us, there
 were no amounts required to be transferred during the year to the
 investor education and protection fund in accordance with the relevant
 provisions of the Companies Act, 1956 (1 of 1956) and rules made
 thereunder.
 
 8. The accumulated losses of the Company as at 31st March, 2015 of Rs
 602.45 lacs was more than 50% of the net worth of the Company on the
 said date. There was no cash loss during the year. However, The
 Company had incurred a cash loss of Rs 13.56 lacs in the immediately
 preceding financial year.
 
 In arriving at the accumulated losses and net worth as above, we have
 considered the quantifications which are quantifiable in the audit
 reports of the years to which these losses pertain.
 
 9. Since the Company has not taken any loan amounts from any financial
 institution or bank during the year under reference, clause (ix) of
 paragraph 3 of the said order is not applicable.
 
 10. According to the information and explanations given to us, the
 Company has not given any guarantees for loan taken by others from a
 bank or financial institution during the year and, accordingly, the
 provisions of clause (x) of paragraph 3 of the said order is not
 applicable for the relevant year.
 
 11. The Company has not raised any term loan during the year and,
 accordingly, the provisions of clause (xi) of paragraph 3 of the said
 order is not applicable for the relevant year.
 
 12. During the course of our examination of the books of account
 carried out in accordance with the generally accepted auditing
 practices and based on the audit procedures performed and the
 information and explanations given to us, we report that no fraud on
 or by the Company has been noticed or reported during the year, nor
 have we been informed of any such case by the management.
 
 Ravi Kumar Venkatesan 
 Membership No. 052145 
 Partner 
 
 For and on Behalf of 
 S. RAMANAND AIYAR & CO., 
 Chartered Accountants 
 (Regn. No. 000990N)
 
 114F/1D, Selimpur Road,
 Kolkata - 700031 
 
 Dated : May 29, 2015
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • CURRENCY CHECK : रुपया 71.78/$ के मुकाबले 71.68/$ पर खुला
  • CURRENCY CHECK : 10 पैसे मजबूत खुला रुपया
  • MARKET CUES : FIIs ने कैश में `1008 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `538 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `379 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `656 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1075 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `36 Cr की बिकवाली की
  • MS ON BPCL : Overweight रेटिंग, लक्ष्य `571/Sh
  • CS ON AARTI IND : Outperform रेटिंग, लक्ष्य `980/Sh

अभी देखें

पहला सौदा

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.