Financial Statements, Form A, Auditors Report for March 31, 2016 [Result]

8/15/2019 Financial Statements, Form A, Auditors Report for March 31, 2016 [Result]

1/18


2/18


3/18

ANUI(ARAN COMMERCIAL

ENTERPRISES

LIMITED

CIN: 151 1O3MH1

985P1Co36664

BALANCE SHEET

AS AT

31ST MARCH,

2016

|,{'

(in

INR)

Particulars

Note

No

31 .03.201

6

31.03.2015

l.

rEQUlw

AND LlABlLlTlEs

('l)

Shareholder's

Funds

(a)

Share Capitat

(b)

Reserves

and Surptus

(c)

Money

received against

share warrants

(2)

Share

application

money

pending

atlotment

(3)

Non-Current

Liabilities

(a)

Long'term

borrowings

(b)

Deferred

tax tiabitities

(Net)

(c)

Other Lonc term

tiabitities

(d)

Long

teim

provisions

,

'(4)

Current

Liabilities

(a)

Short-term borrowings

(b)

Trade

payabtes

(c)

Other

current tiabilities

(d)

5hort-term

provisions

Total

ll.Assets

(1

),Non-current

assets

(a)

Fixed assets

(i)

Tangibte assets

(ii)

lntangibte

assets

(iii)

Capitat

work-in-progress

(iv)

lntangibte

assets under

devetopment

(b)

Non-current

investments

(c)

Deferred tax assets

(net)

(d)

Long

term

toans

and

advances

(e) Other non-current

assets

(2)

Current

assets

(a)

Current

investments

(b)

lnventories

(c)

Trade

receivabtes

(d)

Cash and

cash equivatents

(e)

short-term

[oans

and advances

(f)

other current

assets

Total

3

4

5

6

7

I

9

370,000

157,323

Rs

1 93,680,000

(29,372,299\

6,708,457

1,538,233

1

93,680,000

i.9,214,812)

164,835,424

192.,711,478

164,535,476

299,548

1

84,

1 75,080

7,771,571

761,877

I

64,835,024

192,711,478

For

NPV

&

ASSOCIATES

CHARTERED

ACCOUNTANTS

Firm No,

:

129408W

wvz?

5uchita

Gaglani

Partner

Mem No.

:

138473

I

Ptace:

Mumbai

Dated : 30th

May,2016

DIN;0651

8905

Ptace

: Mumbai

Dated

:

30th

MaY,2016

Kf{%

S/ SUCHTTA \CT'

G(.-g

fl+f"ry*\

S/ SUCHTTA \CT,,

*

{r.

eRonntl*

sx%#

ffiP

DIN:00434't24


4/18


5/18

ANUKARAN

COMMERCIAL

ENTERPRISES

LIMITED

CIN: 151 103MH

1 985P1C036664

3

1

.03,201

6

Rs

iin

INR)

31,03.2015

Rs

r

200,000,000

200,000,000

-

zoo,ooo,ooo

2oo,ooo,ooo

ISSUED,

SUBSCRIBED

&

PAID UP

CAPITAL

193,680,000

(193,680,000

Prev

Yr)

Equity

Shares

of

Re

1/'

(Re'

1/')each

iqr.aso.ooo

193,680'ooo

Note:

dr....

The

Company

.ffi

onty

one ctass

of equity

shares

having

par vatue

of

Re'

1 /

-

per

share'

Reconciliation

of

Number

of

Shares

.

.

,,''9

Equity

Shares

Opening

batance

lssued

during

the

Year

''Closing

Balance

Detaits

of

shares

held

by sharehotders

holding

more

than

5%

of

the

aggregate

shares

in the

Company

None

of the

sharehotders

are

hotding

shares

of more

than

5

% of

the

aggregate

shares

in

the

Company'

NOTES

TO THE

FINANCIAL

STATEMENTS

NOTE3-SHARECAPITAL

AUTHOR]SED

CAPITAL

2OO,O0O,OOO

(200,000,000

Prev

Yr.)

Equity

Shares

of

Re

1

/-

(Re'

1

/-)

each

NOTE

4

.,RESERVES

& SURPLUS

Revaluation

Reserve

As

per

tast

Batance

Sheet

Securities

Premium

Account

As

per

tast

Batance

Sheet

Add on

issue

of shares

Less

: 0n

issue

of

Bonus

Shares

Surplus

:

As

per

tast

Balance

Sheet

Add

/(Less):

Net

Profit

I

(Net

Loss)

for

the

year

Add

/(Less):

Short/Excess

Provision

for

tax

-

rr.izo.ooo

13,920'ooo

193,680,000

1

9 3,680,000

rl

19,51

2,000

1

1,e20,000

19.512,000

1

3,920,000

147,646,8121

(20,1

38,1

54)

49?,016

(41,

1

38,828)

-

(29,372,2991

19,214,8121

As

at

31st

March,

2016

Ar

at

31st

March,

201

5

No.

of

Shares

Rs.

No,

of

Shares

Rs.

1,936,800

19,368,000

1,936,800

1

9,168,000

1,936,800

1

9,368,000

1,936,800

1

9,368,000


6/18

ANUKARAN

COl,t

4ERC|AL ENTERPRISES LIMITED

CIN: 151 1 03MH I 985P1C036664

NOTES

TO

THE FINANCIAL

STATEMENTS

NOTE3-SHARECAPITAL

.i

AUTHQRTSED

CAPTTAL

2OO,OOO,O0O

(200,000,000

Prev

Vi.)

Equity Shares of Re 1/-

(Re.

1/-) each

ISSUED,

SUBSCRIBED & PAID

UP CAPITAL

193,680,000

(193,680,000

Prev Yr)

Equity Shares

of

Re 1/-

(Re.

1/-)each

The

Compa;ryqlas

ontyone class of equity

shares having

par

vatue

of

Re.

1

I

"

per

share.

Reconciliaiion

of

Number

of

Shares

31.03.2016

Rs

(in

tNR)

31.03.2015

Rs

200,000,000

00,000,000

200,000,000

200,000,000

1 93,680,000

1

9 3,680,000

I 93,680,000

1 93,680,000

"'

''tqriity

shares

'

0pening

batance

-

lssued

durine

the vear

r{,

..

-

-r'

Closing

Balance

Details

of shares

held by shareholders

holding

more

than

5%

of

the aggregate shares

ln

the

Company

None

of

the sharehotders

are

hotding

shares

of

more than 5 % of the aggregate shares

in

the Company.

NOTE

4.:

RESERVES

& SURPLUS

Revaluatlon

Reserve

As

per

last

Batance

Sheet

Securities Premium

Account

As

per

last Batance

Sheet

Add

on issue of shares

Less : On issue

of

Bonus Shares

Surplus

As

per

last Balance

Sheet

Add

/(Less):

Net

Profit

/

(Net

Loss)

for

the

year

Add

/(Less):

Short/Excess Provision

for

tax

1

9,51

2,000

1

1,920,000

1

9,51

2

,000

11,920.000

13,924,000

1

3,920,000

(42,646,4121

(20,1

38,1

54)

(1e,333)

492,A16

(43,

1

38,828)

(62,E04,299)

{42,646,8121

t29,372,299t

(9,214,812)

As

at 31st

[{arch,

2016

As at

31st March,

201

5

No.

of

Shares

Rr. No.

of

Shares

Rs.

1,936,800 19,368,000

1,936,800

1

9,

368,000

I,936,800

1

9,368,000

1,936,800

1 9,368,000


7/18

370,000

: - :: = :: =

1,793,270

ong

Teim

Provisions

Provision

for

taxes

Sundry

Creditors

for

Goods

Outstanding

more

than

a

Year

Shubhalaksmi

Potyesters

Limited

NOTE

6

.

OTHER

CURRENT

LIAEILITIES

Statutorv Dues

Salary

PaYabte

Professiona[

Fees

PaYabte

-*4$

NOTE

7

-

toNmERM

LOAryS

AND ADVANCES

Unsecured,

considered

good

Others

-

ld;rxlmaa

SYstems

Limited

KhettYa

Mercantite

Pvt

Ltd

Haresh

Hirani

;1t

Vilas

Kothari

'

"'

Novastar

Containers

ComPanY

0C

Speciatitiei

Private

Limited

Redstone

Reattors

Ronak

MatPani

Akhitesh

Chaudhary

Ambika EnterPrises

Pawan

EnterPrlses

Tycpon

Commosate

Pvt Ltd

Weatth4u

Hospitatity

Consuitancy

Private

Limited

4,914,187

4,914,787

370.000

6,708,0

s7

-

28'814

1

,350,000

157.321

159'419

1 57.323

1.538,233

5,000,000

t,500,000

2,496,210

65,237,716

3,486,000

6,676,751

177,551

1,000,000

5,500,000

5,ooo,ooo

7,000,000

5,000,000

6,sdo,000

2,770,000

1

04,778,601

3,124,000

6,024,471

1

,500,000

r,812,26i

20,000,000

7,000,000

'i

l:

,l

'I'

i

ir:

il:

,1,


8/18

Aniruddha

Builders

&.

Developers Private

Limited

Firoz

Enterprise

,

The

aboye advances

are

given'towards

purchase

of

property.

Capital

Advanc6i.':

Aasman Trading Pvt

Ltd

Tax

Deducted

at Spurce

-

A,Y,

2A16-17

Tax Deducted

at Source

-

A.Y.

20U-16

Tax

Deducted

at Source

.

A.Y.

2014-15

NOTE

E

-

TTRADE R$CEIVABLES

Uhsecured

and

considered

good

0ver Six Months

27,000,000

18,400,000

f5,500,000

7,500.000

55,400,000

z3,oo0,0oo

1,061,208

1,397,176

1,069,s67

1

,061

,

208

2,466,7 43

164,535,476

184,176,080

/

7lt,')/1

"

.#.

.i*qiN+

52171

NOTE 9

:

CA$I.E

CASH

EQUIVALENTS

Batances

with Banks

Cash

on

hand

,,:1,

"

269,80t

761,214

2,661

s.747

.299,546

763,877

*5

NOTE

10

-

REVENUE

rRolrt

OP€RATIONS

':

Traded

Goods

:Fabrics

Traded

Goods

.

Fabrics

-

Return (4?,395,862)

(4

?,395,

E6

2)

NOTE

11

-

OTHER

INCOTE

lnterest

rtceived

on

advances

NOTE

12

.

PUREHASE

OT

STOCK

.

IN

.

TRADE

Traded

Goods

-

Fabrics

-

Return

NOTE 13

.

EMPIOYEE BENEF|TS

Sataries

Bonus

'

Staff Conveyance

.

SQff

Wetfare

'

10,6',t1,572

1

4,658,908

10,613,572

14,658,908

(40,108,864)

t40,10E,864)

392,200

66,360

b7,921

2,990,000

5,000

250,200

66,920

525,483 3,312,1?0

t,{

{fr,

":,


9/18

:iri

..

:.i:rli:i:1j altii:+:i

NOTE 14

-

OTHER EXPENSES

Professiohat

Fees

Audit

Fees

Advertisement

Expenses

Annuat

Listing

fees

Other Expenses '

Marketing Expenses

Travettlng

Expenses

Tetephone Expenses

Petiot'and

Fue[ Expenses

Bad

Depts

Repairs & Maintenenace

Etectricity

eharges

Payment

to

Auditors

Particulari

,

.*1

-rrrns

:- ::i:. +a+

30,000

1

57,323

1 8,393

370,33

1

120,000

78,200

151,245

7,771

,521

99,852

1

53,932

117,475

179,7t6

1,0s2.486

110,000

40u1.

i

al

2.]6,

700

3 55,000

2

1

5,000

270,000

1

68,000

8,897,013

3,420,361

Statutory

Audlt

Tax Audit

other

Company Matters

rTn*ll

r

For

NPV

& ASSOCIATES

ii.5CHARTERED

ACC0UNTANTS

Firm

No.

:

12940EW

Suchita Gaglani

Partner

Mem No.

:llaezl

Ptace

:

Mumbai

Oated

:

30th

May,201

6

50,000

50,000

37,000

50,000

50,000

17,000

1

37,000 137.000

FOT ANUKAMN

COMIIERCIAL

ENTERPBISES

LIMITEO

Director

01Nr00434124

DIN:06518905

Ptace

;

Mumbai

Dated :

l0th

May,201

i

I

i

I

i,

lr

i

il

ll

ir

li

i

I

k

I

ffi

{

.1.

eRculrl

*

w#

."s,ljrr:

i:.1;.q/

/uot'-'""*.i

';*i

"*\l

$N

i*

la4

/g/


10/18

ANUKARAN

COMMERCIAL

ENTERPRISES

LIMITED

CIN:

151

1

03MHl

985P1C036664

CASH

FLOW

STATEMENT

FOR

THE

PERIOD

ENDED

MARCH

3'I

'

201

6

(in

INR)

DIN:0651

8905

Ptace :

Mumbai

Dated

: 30th

MaY,2016

31.03,2015

3

1 .03.201

6

(1

9,768,1

54)

19,640,604

7

,771

,571

Adiustments

for:

llrrcrease;/Decrease

in Trade

Receivabtes

and

Other

Assets

(lncieaseli

Decrease

in

Long

term

Loans

&

Advances

(exct

Taxes)

(lncrease)l

Decrease

in Other

non-current

assets

(lncrease)/

Decrease

in

Other

Current

Assets

(lncrease)/

Decrease

in Trade

Receivables

(lncrease)/

Decrease

in Short

Term

Loans

&

Advances

lncrease/(Decrease)

in

Trade

Payabtes

and

Other

Liabitities

lncrease

t

(Dedidase)

in

Trade

payables

tricrea$

/

(Decrease)

in Other

current

tiabitities

lncrease

/

(Decrease)

in

Other

Long

Term

tiabitities

lncrease

/

(Decrease)

in Long

Term

Provisions

lncrease

/

(Decrease)

in

Short

Term

Provisions

Cash

Generated/(used)

from

Operations

;

Taxes

Paid

(Net)

Net

Cash

from

Operating

Activities

Generated/(used)

from lnvesting

Activities

of

Shares

'b"n".ut"d/1rt"d)

from

Financing

Activities

Nfi

INCREASE

/

(DECREASE) IN

CASH

AND

CASH

EqUNALENTS

(A+B+C)

AND CASH

EQUIVALENTS

ATTHE

BEGINNING

OFTHE

PERIOD

AND

CA5H EQUIVALENTS

AT

THE

END

OF

THE

PERIOD

of

Cash

And

Cash Equivatents

at

the

end

of

the

Period

40,608,

I

l6

(1,429,862

)

(1

,417,770],

(41,825,836

(38e,333)

(43,205,836)

ie,

r

lz,0oo

38, 1

47,060

(464,3291

763,877

629,861

763,877

Accounting

Standard

(A5)

3:

"Cash

ftow

otes:

1

Cash

ftow

statement

has

been

prepared under

the

indirect

method

as

set

out

in

statements"

as

prescribed

under

section

133

of

the

Companies

Act'

2013'

Z

Figures

in

the

brackets

indicates

Cash

outftow

3

,

previors

years figures

nuru

Uuun

'"g'opu"Olffi

(41,758,828)

147

915,767)

i1

rl

For l{PV

&

A550C[ATE5

CHARTERED

ACCOUNTANTs

Firm No. : 129408W

)

l

u$e?

Suchita

Gagtani

Partner

Mem

No.

:

138473

Place

: Mumbai

Dated

:

30th

Mav,2016

ffi

y^-:*-/.rt..

d$eaAcc%


11/18

NPV

House,

D-Wing,

Chanakya

CHSL,

Mahavir

Nagar

Link

Road,

Kandivali-West,

Mumbai

-

400067

Tel

:

+

9 t-22-29

67

823

L-38

Email:

[email protected]

An

ISO

9001: 2008

Certified

lndependent

Auditor,s

Report

To

the

Members

of

Anukaran

commerciar

Enterprises

Limited

.ngpotl

on

fi'e

Standalone

Financial

Statements

we

have

audited

the

accompanying

standatone

financiat

statements

of

Anukaran

com.mercial

Enterprises

Limited('tne

company'),

which

comprise

the

batance

sneet

as ai

31

March

2016,

the

statement

oi

profit

ana

tosi

and

the

cash

ftow

statement

for

the

year

IliJrT?j,|

and

a

summary

of

significant

a..ounitng

-[oucies

uno

otnui

expranatory

Management's

Responsibility

for

the

standalone

Financial

statements

The

company's

Board

of

Directors

is

responsibte

for

the

matters

stated

in

section

134(5)

of

the

companies

Act,.

2013.

(."the

Act")

with

rurju.i

to

in.

pr.paration

and

presentation

of

these

standatone

financial

statements

that

give

a

true

and

fair

view

of

the

financiat

position,

financial'

performance

and

cash

ftoiv

or

tne-iompany

in

accordance

with

the

accounting

principtes

generatl.y

accepted

in

lndia,

inciuoing

ihe

Accornting

standards

specified

under

Section

133

of

the

Act,

read

witlr

Rute

7 of

the

Companies

(Accounts)

Rutes,

2014'

This

responsibitity

atso

inctudes

maintenance

of

adequate

accounting

records

in

accordance

with

the

provisions

of

the

Act

for

safeguarding

the

assets

of

the

company

and

for

preventing

and

.detecting

frauds

and

other

irre-gutaritibs;

setection

and

apptication

of

appropriate

accounting

poticies;

making

judgments"ind

estimates

that

are

reasonable

and

prudent;

and

design,

imptementation

ind

maintenance

of adequate

internat

financiat

controts,

that

were

operating

effectivety

for

ensuring

ir'"-u.auracy

and

compteteness

of

the

accounting

records,

retevant

to

the

preparatiori

and

presentation

of

the financia[

statements

that

give

a true

and

fair

view

and

are

free

from

materiat

misstatement,

whether

due

to

fraud

or

error.

Auditor's

Responsibility

our

responsibitity

is

to

express

an

opinion

on

these

standatone

financial

statements

based

on

our

audit.

we

have

taken

into--u.:o.rlt

the

provisions

of

the

Act,

the

accounting

and

auditing

,

standards

and

matters

which_are

required

to

be

inctudei

in

the audit

reiort

under

theprovisions

of

the Act

and

the

Rutes

made

thereunder.

We

coMucted

our

audit

in

accordance

with

the

Standards

on

Auditing

specified

under

section'143(10)

of

'the

Act.

Those

itandards

require

that we

compty

with

ethicat

rqcuilemqnts

and plan'

and

perform

the

audit

to

'obtain

reasonabte

assurance

about

whether

the

financial

statements

are

free

from

materiat

misstate;fi.

-

An

audit

invotves

performing

procedures

to

obtain

audit

evidence

about

the

amounts

and

the

disctosures

in

the

financiat

statements.

The

procadures

setected

depend

on the

auditor's

judgment,

inctuding

the

assessmen[

of

the risks

of

material

misstatement

of

the

ffi,m

{

;.

cneMrut}*

w


12/18

financiat

staiements,

whether

due

to

fraud

or

error.

ln making

those

risk

assessments'

the

;;ii;;";;;ria"ri

tnturnat

financiat

contiot

retevant

to

the

companv's

preparatjon

of

the

financiat

statements-ir..'ii

glre

a

true

and

fair

view

in order

to

design

audit

procedures

that

are

appropriate

in

th;

circumstances.

An

audit

atso

inctudes

evatuating

the

ipprop?iut.iness

of

the

accounting

poticies used

and

the

reasonabteness

of

the

accounting

estimates

made

by tt'.,eCompany'i

Directors,

as

wetl as

evatuating

the

overat[

presentation

of

the

financiaI

statements.

We betieve

that

the

audit

evidence

we

have

obtained

is

sufficient

and appropriate

to

prouia",u basis

for

our

opinion

on

the

standatone

financia[

statements'

:

Opinion

ln our

opinion

and

to

the

best

of

our

information

and

according

to

the.exptanations

given

l;;;,

ifi;

afgresaid

standatone

financiat

statements

give

the

information

required

by

the

Act

ir6;the

manner

so

required

and

give

a

true

ani

falr"

view

in

conformity

with

the

...rrfiti.e

principl,es

geneial,l,y accepted

in

lndia,

of

the

state

of

affairs

of

the

Company

as

at

31

March

2016

and-its

profit/toss

and

its

caih

ftow

for

the

year

ended

on

that

date;

subject

to-

We

have been

informed

by

the

management

of

the

Company

that

Securities

Exchange

Board

of

lndia

(SEBI)

initiated

an

investigation,

during

the

month

of

June

2015'

in

trading

activity

of

few

entitiei

in

the equity

shafus

of

the

company

and

had

sought

information

for

the

period

31.3.2011

to

31

.3.ZO14inter

atia

in

the context

of

the Preferentiat

altotment

of

equity shares

maOe

by

the Company

and

information

rel'ated

to few

of

the

entities

who

were

the

aflottees

in

tfre

preferentiat

attotment,

Management

confirmed,

that

lhe

Company

is

futty

cooperating

in

the

iaid

investigation

and

has

provided

the

desired

information

to SEB|.

ftfrnug.,ri,.nt

also

informed

us

that

in

the

same

matter

the

company

;;;;

;;rrrnii.tion

from

Directorate

of Revenue

lntettigence,

Department

of lncome

Tax,

Mumbal

seef


13/18

"l

(c)

the balance sheet, the

statement

of

profit

and

loss

and

the

cash

ftow

statement

deatt with

by

this

Report

are

in

agreement

with the'books

of account;

(d).

in

our opinion, the aforesaid standatone

financiat

statements

compty

with

Accounting

Standards

specified

under Section

133

of

the Act,

read

with

Rute

7 of

Companies

(Accounts)

Rutes,

2014;

(e)

on

the

bdsis of

the

written representations

received

from the

directors

as

on

31

March 2016 taken

on

record

by

the Board

of

Directors,

none

of the

directors

is

disquatified

as

on

31 March

2016

from

being appointed

as

a director

in

terms

of

Sectron

164

l2l

of

the

Act;

(f)

with respect

to the

adequacy

of the

internal

financial

controls

over

financiaI

reporting of ttae Company and

the

operating

effectiveness

of

such controls,

refer to

our

separat$ report

in

"Annexure

B";

and

(g)

with

respect

to

other matters

to

be

inctuded

in

the

Auditor's

Report

in accordance

with Rute 11 of

the Companies

(Audit

and Auditors)

Rutes, 2014,

in our opinion

and

to

the

" *

best

of

our

information

and according

to

the exptanations

given

to

us:

i.

There

are

no

pending

titigations

which

may

adversety affect

its

financiat

r...

Position

ii.

'

The

Company

did not

have

any [ong term contract

inctuding

derivative

contracts

for which

there

were

any

materiat foreseeable

losses.

iii.

There

are no

amounts

pending

which are required

to

be

transferred

to

the

lnvestor

Education and

Protection

Fund

by

the

Company.

For

NPV

& Associates

Chartered Accountants

Firm Registration

No.:

129408W

\$,,

Suchita

Gagtani

Membership No.:

138473

Place: Mumbai.

Dated: 30th

May,2016.

the

the

ffi^s

{ L. cRomrutl*

ww


14/18

\_

II.

iii.

Annexure

-

A

to

the

Auditors'

RePort

The

Annexure

referred

to

in

lndependent

Auditors'

Report

to

the

members

of

the

Company

on the standalone

financiat

statements

for

the

year

ended

31

March

2016,

we

report

that:

l.

The

company

do

not

have

any

fixed

asset.

Thus,

paragraph

3(i)

of

the

order

is

not

appticabte

to

the

ComPanY.

The

nature

of

business

of the

Company

is such

that

it

does

not hotd

any

physicat

inr"ntori"i.

ihrr,

paragraph 3(ii)

of

the

order

is

not

appticabte

to

the

Company'

The

company

has

not

granted

any

[oans

to

bodies

covered

in the

register

maintained

under

section

189

of

the

Companies

Act,

2013

('the

Act')'

Thus,

parag;1ph 3(iii)

of the

order

is

not

appticabte

to

the

company.

tr

ln our

opinion

and

according

to

the

information

and

expianations

given to

us'

the

Company

has

not

comptied

iUtn

tf,"

provisions

of

section

185

and

186

of

the

Acl'

with

respect to the

loans and

investments

made'

The Company

has

not accepted

any

deposits

from

the

pubtic'

vi.

The Central

Government

has

not

prescribed

the

maintenance

of

cost

records

under

section

148(1) of

the

Act,

for any

of

the

services

rendered

by

the

Company'

vii.

(a)

According

to

the

information

and

exptanations

given

to

us

and.on

the

basjs

of

our

examination

of the

records

of

the

Company,

amounts

deducted/

accrued

in

the

books

of account

in

respect

of

undisputed

statutory

dues

inctuding

provident

-

fund,

income-tax,

sates

tax,

val.ue

added

tax,

duty

of

customs,

service

tax,

cess

and other

mater:ial

statutory

dues

have

been

regutarty

deposited

during-the

year

by

the

Company

with

the appropriate

authorities.

As

explained

to

us,

the

Company

did

not

have

any

dues

on

account

of

emptoyees'

state

insurance

and

duty

of

excise'

According

to

the

information

and

expl,anations

given

to

us,

no

undisputed

amounts

payabte

i;;;$;.i-of

prov'ident

fund,

income

tax,

satis

tax,

vatue

added

tax,

duty

of

customs'

service

tax,

cess

and

other

materiat

statutory

dues

were

in

arrears

as

at 31

March

7016

f

or

a

period

of

more

than

six

months

from

the

date

they

became

payable'

(b)

According

to

the

information

and

exptanations

given

to

us,

there

are

no

materiat

dues

of

duty

of

customs

which

have

not

been

deposited

with

the

appropriate

authorities

on

account

of

any

disPute.

viii.

The

Company

does

not

have

any [oans

or

borrowings

from

any

financial

institution,

banks, government

or

debenture holders during

the

year,

Accordingty,

paragraph

3(viii) of

the

Order

is

not

appticabte.

ix.

The compar.ry

did

not

raise

any

money

by

way

of

initiat

pubtic

offer

or

further

pubtic

oifer"(inctuding

debt

instruments)

and

term

loans

during

the

year'

iccordingty,

paragraphl

(tx)

ot

the

Order

is npt

appticabte.

x.

According

to the

information

and

exptanations

given

to

us,

no materiat

fraud

by

the

Company

or

on the

Company;by

iis

officers

or

emptoyees

has

been

noticed

or

rl

l1

:l

rl

lv.

ii

ffi

{ r.

cncinrutl'*

reported

during

the

course

of

our

audit.


15/18

I

xl.

According

to

the information

and

explanations

give

to us

and

based

on

our

examination

of the

records

of the Company, the

Company has

not

paidi

provided

for

managerial

remuneration

in

accordance with

the

requisite approvats mandated

by the

provisions

of section

197 read

with

Schedu[e V

to the

Act.

Xii.

ln

our

opinion and

according

to

the

information

and exptanations

given

to

us, the

Company

is not

a

nidhi company. Accordingty,

paragraph

3(xii)

of

the

0rder

is

noI

appticabte.

xiii.

According

to

the information

and

exptanations

given

to us and

based

on

our

examination

of the records

of the Company,

transactions

with retated

parties

are

in

comptiance

with

sections

177

and

'188

of

the

Act

wherever

appticabte and detaits

of

'such

transactions

have

been disctosed in

the

financial

statements as required

by

the

apgticabte

accounting

standards.

tt'

xiv.

According

to

the

information

and

exptanations

give

to

us

and

based

on our

examination

of

the records

of

the

Company,

the

Company

has

not

made

any

preferential

atlotment

or

private

ptacement

of

shares or

futty

or

partty

convertibte

debentures during

the

year.

xv, According

to the

information

and

exptanations

given

to us

and

based

on

our

examination

of

the

records

of

the

Company,

the Company

has

not

entered into

non-cash

transactions

with

directors

or

persons

connected

with

him.

Accordingty,

pmagraph

3(xv)

of the

Order is

not appticabte.

xvi.

The

Company

is

not

required

to be

registered

under

section

45-lA

of

the Reserve

Bank

of

lndia

Act

1934,

For

NPV

&

Associates

Chartered

Accountants

Firm

Registration

No.:

129408W

\Yz

Suchita

Gagtani

Membership

No.:

1 38473

Place:

Mumbai.

Dated:

30th

May,2016.

ffi

{r. cnemut}*

w


16/18

l

i

Annexure

-

B

to

the

Auditors'

Report

Report on

the Internat Financiat Controts

under

Ctause

(i)

of Sub-section

3

of

Section

143

of the

Companies

Act, 2013

("the

Act")

We

have

audited the internat

financial, controts

over

financiat

reporting

of

Anukaran

Commercial

Enterprises

Limited

("the

Company")

as

of

31

March

2016

in conjunction

with

our audit

of

the

standatone

financiat

statements

of

the

Company

for

the

year

ended

on

that date.

Management's Responsibility

for Internal

Financial

Controls

The Company's

management

is

responsibte

for

estabtishing

and

maintaining

internaI

financiat

controts

based

on the

internat

control

over

financiat reporting

criteria

estabtished

by

the

Company

considering the

essential

components

of

internat

control

slaterl

in

thc

Guidantb Note-on

Audit

of

lnternal

Financial

Controts

over Financial

Reportinq

rssued

by

the

lnstitute

of

Chartered

Accountants

of

lndia

('lCAt').

These

responsibiti[ies

inctude

lhe

design,

imptementation

and

maintenance

of

adequate

jnternat

financial

controts

[hat

were

operating

effectively

for ensuring

the

orderty

and efficient

conduct

of

jts

business,

,+,

inctuding adherence

to

company's poticies,

the

safeguarding

of

its

assets,

the

prevention

and detection

of

frauds and

errors,

the

accuracy

and

compteteness

of

the accounting

records, and

the timety

preparation

of retiabte

financiat

information,

as

required

under

,.

the

Companies

Act,

2013.

Auditors'

Responsibi

lity

Qur

responsibitity

is

to

express

an

opinion

on

the

Company's

internal

financiat controls

over

financial

reporting based on our

audit.

We conducted

our

audit

in

accordance

wjth

the

Guidance

Note

on Audit of

lnternal

Financiat

Controts

over

Financial

Reporting

(the

"Gqidance

Note")

and the Standards

on

Auditing,

issued by

lCAl

and deemed

to

be

prescribed

under

section

143(10)

of

the

Companies

Act,

2013, to

the

extent

appticable

to

an

audit

of

internaI

financiat controtsi

both

appticabte

to

an

audit of

lnternat

FinanciaI

Controts

and, both

issued

by the

lnstitute

of

Chartered

Accountants

of

lndia.

Those

Standards

and the Guidance

Note

require

that

we

compl.y

wjth

ethical

requirements

and

ptan

and

perform

the

audit to

obtain

reasonabte

assurance

about

whether

adequate

internat

financiat controts

over

financiat

reporting

was estabtished

and mainlained

and

if

such controts operated

effectivety

in atl material

respects

Our

audit

invotves

performing

procedures

to

obtain audit

evidence

about

the

adequacy

of

the

internal

financiat

contiots

system

over

financiaI

reporting

and

their

operating

effectiveness.

0ur

audit

of

internal

financiaI

controts

over

financia[

reporting

inctuded

obtaining an

understanding

of

internal

financiat

controts

over

financial reporting,

assessing

the

risk that

a

materiat

weakness

exists,

and

testing

and

evatuating

the

design

and

,

operating

effectiveness

of

internal

control

based

on

the

assessed

risk.

The

procedures

'setected-depend

on

the

auditor's judgment,

inctuding

the

assessment

of

the

risks

of

materiat

misstatement

of the

financia[ statements,

whether due

to

fraud

or

error'

We believe

that the

audit

evidence

we

have obtained

is sufficient

and

appropriate

to

provide

a

basis

for our.

opinion

on

the Company's

internal

financial

controts

system

over

financiat

reporting.

Meaning

of

lnternal

Financial

Controls

over Financial

neportlng

A company's

internat

fjnanciat

contro('over

financiat reporting

is a

process

designed

lo


17/18

I

I

i

l

1

provide

reasonabte

assurance

regarding

the

retiabitity

of

financiaI

reporting

and the

preparation

of financiat statements

for

external

purposes

in accordance

wtth

generalty

accepted accounting

principtes.

A company's

internaI

financiat controt

over

fjnanciaI

reporting

inctudes

those

poticies

and

procedures

that

(1) pertain

to

the

mainfenance of

records that,

in

reasonabte detait,

accuratety

and

farrly

reftect

the transactions

and dispositions

of the

assets of the

company;

(2)

provide

reasbnabte

assurance

that

transactions

are

recorded

as

necessary

to

permit

preparation

of

financial

statements

in accordance

with

generatty

accepted

accounting

principtes,

and

that

receipts

and expenditures

of the company

are

being

made

onty

in

accordance

with

authorisations

of management

and directors of the

company;

and

(3)

provide

reasonabte assurance

regarding

prevention

or

timety

detection

of

unauthorised-acquisition, use,

or

disposition

of

the company's

assets

that

coutd

have

a

materi&

effeclon the

financiat statements.

lnherent

Limjtations of

lnternal

Financial Controls

Over Financiat

Reporting

Because

of

the inherent

limitations of

internat

financiat controts over

financial

reporting,

incl.uding

the

possibitity

of

cottusion

or improper

management

override

of

controts,

material

misstatements

due

to error

or

fraud

may occur

and

not

be

detected,

Atso,

projections

of any evatuation

of

the

internat financiat

controts

over

fjnanciat

reporting

to

iuture

peiriods

aie

subject

to

the

risk

that the

internat

financiat

control

over financjat

repor"ting

may

become

inadequate

because

of

changes

in

conditions,

or

that

the degree

of

comptiance

with

the

poticies

or

procedures

may

deteriorate.

Opinion

ln

riur opinion,

the

Company

has, in

atI

materiat

respects, an

adequate

internat

financiat

controts

system over

financial

reporting

and such

interna[

financiat

controls

over

financiat

reporting

were operating effectivety

as

at

31

March 2016,

based

on

the

internaI

control

over financiat

reporting

criteria

estabtished

by the Company

considering

the

essentjal

components

of

internal

control

stated

in

the

Guidance

Note on

Audit

of

lnternal

Financial

Controts

Over

Financiat

Reporting issued

by

the

lnstitute

of

Chartered

Accountants

of

lndia.

For

NPV &

Associates

Chartered Accountants

Firm Registration

No,: 129408W

Suchita

Gagtani

Membefship

No.:

138473

Place:

Mumbai.

Dated: 30th

May,2016.


18/18

Documents

Financial Statements, Form A, Auditors Report for March 31, 2016 [Result]