A Oneindia Venture
Click it and Unblock the Notifications
Auditor Report of EFC (I) Ltd.
Mar 31, 2025
We have audited the Ind AS Financial Statements of EFC (I)
Limited ("the Companyâ), which comprise the Balance Sheet as at
March 31, 2025, and the Statement of Profit and Loss, including
the Statement of Other Comprehensive Income, the Statement of
Cash Flows and the Statement of Changes in Equity for the year
then ended, and notes to the Financial Statements, including a
summary of significant accounting policies and other explanatory
information for the year ended on that date.
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid Ind AS Financial Statements
give the information required by the Companies Act, 2013, as
amended ("the Actâ) in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted
in India, of the state of affairs of the Company as at March 31, 2025,
and its profit including Other Comprehensive Income, its Cash Flows
and the Changes in Equity for the year ended on that date.
Basis for Opinion
We conducted our audit of the Ind AS Financial Statements in
accordance with the Standards on Auditing (SAs) specified under
section 143(10) of the Companies Act, 2013. Our responsibilities under
those Standards are further described in Auditor''s Responsibilities for
the Audit of the Ind AS Financial Statements section of our report.
We are independent of the Company in accordance with the Code
of Ethics issued by the Institute of Chartered Accountants of India
together with the ethical requirements that are relevant to our audit
of the financial statements under the provisions of the Companies
Act, 2013 and the Rules thereunder, and we have fulfilled our other
ethical responsibilities in accordance with these requirements and the
Code of Ethics. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our audit opinion on
the Ind AS Financial Statements.
|
Key Audit Matter |
Auditor''s Response |
|
Revenue recognition and accounting for lease and sub-lease (Refer notes 4 and 8 to the standalone financial statements): The Company''s primary business involves taking properties on Classification of leases and sub-leases as either operating or finance Given the materiality of these balances, the level of judgment |
Our audit procedures with respect to this matter included, but were not limited to, the following: ⢠Assessed the Company''s accounting policies for lease and ⢠Reviewed lease and sub-lease agreements on sample basis ⢠Evaluated management''s basis for classification of leases as finance ⢠Recalculated lease liabilities and ROU assets on sample basis ⢠Reviewed the accounting treatment for early terminations, ⢠Scrutinized journal entries related to revenue recognized during |
Other Information
The Company''s Board of Directors is responsible for the other
information. The other information comprises the Board''s Report
("other informationâ), but does not include the Ind AS Financial
Statements and our auditor''s report thereon.
Our opinion on the Ind AS Financial Statements does not cover the
other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the Ind AS Financial Statements,
our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent
with the Ind AS Financial Statements or our knowledge obtained
in the audit or otherwise appears to be materially misstated. If,
based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Management''s Responsibility for the Ind AS
Financial Statements
The Company''s Board of Directors is responsible for the matters
stated in section 134(5) of the Companies Act, 2013 ("the Actâ) with
respect to the preparation of these Ind AS Financial Statements
that give a true and fair view of the financial position, financial
performance including Other Comprehensive Income, Cash Flows
and Changes in Equity of the Company in accordance with the
accounting principles generally accepted in India, including the
accounting Standards (Ind AS) specified under section 133 of the
Act read with the Companies (Indian Accounting Standards) Rules
2015, as amended. 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 implementation and maintenance
of 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 Ind AS Financial Statement that give a true and
fair view and are free from material misstatement, whether due to
fraud or error.
In preparing the Ind AS Financial Statements, management is
responsible for assessing the Company''s ability to continue as a
going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless
management either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the
Company''s financial reporting process.
Auditor''s Responsibilities for the Audit of the Ind AS
Financial Statements
Our objectives are to obtain reasonable assurance about whether
the Ind AS Financial Statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor''s
report that includes our opinion. Reasonable assurance is a high
level of assurance but is not a guarantee that an audit conducted
in accordance with Standard on Auditing (SA''s) will always detect
a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or
in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these Ind AS
Financial Statements.
As part of an audit in accordance with SAs, we exercise professional
judgment and maintain professional skepticism throughout the
audit. We also:
⢠Identify and assess the risks of material misstatement of
the Ind AS Financial Statements, whether due to fraud or
error, design and perform audit procedures responsive to
those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations,
or the override of internal control.
⢠Obtain an understanding of internal control relevant to the
audit in order to design audit procedures that are appropriate
in the circumstances. Under section 143(3)(i) of the
Companies Act, 2013, we are also responsible for expressing
our opinion on whether the company has adequate
internal financial controls system in place and the operating
effectiveness of such controls.
⢠Evaluate the appropriateness of accounting policies used
and the reasonableness of accounting estimates and related
disclosures made by management.
⢠Conclude on the appropriateness of management''s use of
the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant
doubt on the Company''s ability to continue as a going
concern. If we conclude that a material uncertainty exists, we
are required to draw attention in our auditor''s report to the
related disclosures in the Ind AS Financial Statements or, if
such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up
to the date of our auditor''s report. However, future events or
conditions may cause the Company to cease to continue as
a going concern.
⢠Evaluate the overall presentation, structure, and content of
the Ind AS Financial Statements, including the disclosures
and whether the Ind AS Financial Statements represent the
underlying transactions and events in a manner that achieves
fair presentation.
We communicate with those charged with governance regarding,
among other matters, the planned scope and timing of the audit
and significant audit findings, including any significant deficiencies
in internal control that we identify during our audit.
We also provide those charged with governance with a statement
that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships
and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
Report on Other Legal and Regulatory
Requirements
1. As required by the Companies (Auditor''s Report) Order, 2020
("the Orderâ), 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 Aâ a statement on the
matters specified in paragraphs 3 and 4 of the Order, to the
extent applicable.
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 books;
(c) The Balance Sheet, the Statement of Profit and Loss
including the Statement of Other Comprehensive
Income, and the Statement of Cash Flow and Statement
of Changes in Equity dealt with by this Report are in
agreement with the books of account;
(d) In our opinion, the aforesaid Ind AS Financial Statements
comply with the Accounting Standards specified under
Section 133 of the Act, read with Companies (Indian
Accounting Standards) Rules,2015, as amended;
(e) On the basis of the written representations received
from the directors as on March 31, 2025 taken on
record by the Board of Directors, none of the directors is
disqualified as on 31 March 2025 from being appointed
as a director in terms of Section 164(2) of the Act;
(f) With respect to the adequacy of the internal financial
controls over financial reporting of the Company with
reference to these Ind AS Financial Statements and the
operating effectiveness of such controls, refer to our
separate Report in "Annexure Bâ;
(g) With respect to the other matters to be included in the
Auditor''s Report in accordance with the requirements of
section 197(16) of the Act, as amended, in our opinion
and to the best of our information and according to the
explanations given to us, the remuneration paid by the
Company to its directors during the year is in accordance
with the provisions of section 197 of the Act.
(h) 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, as
amended 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 to Ind AS Financial Statements.
ii. The Company did not have any long- term
contracts including derivative contracts for which
there were any material foreseeable losses to Ind
AS Financial Statements
iii. There were no amounts that were required to
be transferred, to the Investor Education and
Protection Fund by the Company.
iv. (a) The Management has represented that,
to the best of its knowledge and belief, as
disclosed in the financial statements, during
the year no funds have been advanced or
loaned or invested (either from borrowed
funds or share premium or any other
sources or kind of funds) by the Company
to or in any other person or entity, including
foreign entities ("Intermediariesâ), with the
understanding, whether recorded in writing
or otherwise, that the Intermediary shall,
directly or indirectly lend or invest in other
persons or entities identified in any manner
whatsoever by or on behalf of the Company
("Ultimate Beneficiariesâ) or provide any
guarantee, security or the like on behalf of
the Ultimate Beneficiaries.
(b) The Management has represented, that,
to the best of its knowledge and belief, as
disclosed in the financial statements, during
the year no funds have been received by
the Company from any person or entity,
including foreign entities ("Funding Partiesâ),
with the understanding, whether recorded in
writing or otherwise, that the Company shall,
directly or indirectly, lend or invest in other
persons or entities identified in any manner
whatsoever by or on behalf of the Funding
Party ("Ultimate Beneficiariesâ) or provide
any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.
(c) Based on the audit procedures performed
that have been considered reasonable and
appropriate in the circumstances, nothing
has come to our notice that has caused us to
believe that the representations under sub¬
clause (a) and (b) of Rule 11(e) contain any
material misstatement.
v. The Company has not declared or paid any equity dividend during the year.
vi. During the course of our audit, based on our examination which included test checks, we observed that the Company
has used an accounting software that has the capability to record an audit trail (edit log) feature and the same have been
operated throughout the year for all relevant transactions recorded in the software, except for payroll records for which the
audit trail was not operative throughout the year.
For Mehra Goel & Co
Chartered Accountants
FRN: 000517N
Roshan Daultani
Partner
Membership No.: 137405
UDIN : 25137405BMIZVC7216
Place : Pune
Date : May 29, 2025
Mar 31, 2024
We have audited the Ind AS Financial Statements of EFC India Limited ("the Companyâ), which comprise the Balance Sheet as at March 31, 2024, and the Statement of Profit and Loss, including the Statement of Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity for the year then ended, and notes to the Financial Statements, including a summary of significant accounting policies and other explanatory information for the year ended on that date.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Ind AS Financial Statements give the information required by the Companies Act, 2013, as amended ("the Actâ) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2024, and its loss including Other Comprehensive Income, its Cash Flows and the Changes in Equity for the year ended on that date.
Basis for Opinion
We conducted our audit of the Ind AS Financial Statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in Auditor''s Responsibilities for the Audit of the Ind AS Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Ind AS Financial Statements.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the standalone financial statements for the financial year ended March 31, 2024. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our, and we do not provide a separate opinion on these matters.
Other Information
The Company''s Board of Directors is responsible for the other information. The other information comprises the Board''s Report
("other informationâ), but does not include the Ind AS Financial Statements and our auditor''s report thereon.
Our opinion on the Ind AS Financial Statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the Ind AS Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Ind AS Financial Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Management''s Responsibility for the Ind AS Financial Statements
The Company''s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("the Actâ) with respect to the preparation of these Ind AS Financial Statements that give a true and fair view of the financial position, financial performance including Other Comprehensive Income, Cash Flows and Changes in Equity of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards (Ind AS) specified under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules 2015, as amended. 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 implementation and maintenance of 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 Ind AS Financial Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Ind AS Financial Statements, management is responsible for assessing the Company''s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company''s financial reporting process.
Auditor''s Responsibilities for the Audit of the Ind AS Financial Statements
Our objectives are to obtain reasonable assurance about whether the Ind AS Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor''s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standard on Auditing (SA''s) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Ind AS Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
⢠Identify and assess the risks of material misstatement of the Ind AS Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
⢠Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
⢠Conclude on the appropriateness of management''s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company''s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor''s report to the related disclosures in the Ind AS Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor''s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
⢠Evaluate the overall presentation, structure, and content of the Ind AS Financial Statements, including the disclosures and whether the Ind AS Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit
and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2020 ("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 1" a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
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 books;
(c) The Balance Sheet, the Statement of Profit and Loss including the Statement of Other Comprehensive Income, and the Statement of Cash Flow and Statement of Changes in Equity dealt with by this Report are in agreement with the books of account;
(d) In our opinion, the aforesaid Ind AS Financial Statements comply with the Accounting Standards specified under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules,2015, as amended;
(e) On the basis of the written representations received from the directors as on March 31, 2024 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2024 from being appointed as a director in terms of Section 164(2) of the Act;
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company with reference to these Ind AS Financial Statements and the operating effectiveness of such controls, refer to our separate Report in "Annexure 2";
(g) With respect to the other matters to be included in the Auditor''s Report in accordance with the requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the Company to its directors during the year is in accordance with the provisions of section 197 of the Act.
(h) 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, as
amended 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 to Ind AS Financial Statements.
ii. The Company did not have any long- term contracts including derivative contracts for which there were any material foreseeable losses to Ind AS Financial Statements
iii. There were no amounts that were required to be transferred, to the Investor Education and Protection Fund by the Company.
iv. (a) The Management has represented that,
to the best of its knowledge and belief, as disclosed in the financial statements, during the year no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities ("Intermediariesâ), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company ("Ultimate Beneficiariesâ) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(b) The Management has represented, that, to the best of its knowledge and belief, as disclosed in the financial statements, during the year no funds have been received by the Company from any person or entity, including foreign entities ("Funding Partiesâ), with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding
Party ("Ultimate Beneficiariesâ) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(c) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under subclause (a) and (b) of Rule 11(e) contain any material misstatement.
v. The Company has not declared or paid any equity dividend during the year.
vi. Based on our examination which included test checks, the company has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and wherein the accounting software did not have the audit trail feature enabled throughout the year for all relevant. transactions recorded in the software.
As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the statutory requirements for record retention is not applicable for the financial year ended March 31, 2024.
For Mehra Goel & Co
Chartered Accountants
FRN No. 000517N
Roshan Daultani
Partner
Membership No.: 137405
UDIN: 24137405BKDLPK9444
Place: Pune
Date: May 29, 2024
Mar 31, 2023
INDEPENDENT AUDITORS'' REPORT
To
The Members of EFC (I) Limited
Report on the audit of the Ind AS financial statements
Opinion
We have audited the accompanying Ind AS financial statements of EFC (I) Limited ("the
Company"), which comprise the balance sheet as at March 31, 2023, and the Statement of
Profit and Loss and statement including other comprehensive income, statement of cash flows
and the statement of changes in Equity for the year then ended, and notes to the Ind AS
financial statements, including a summary of significant accounting policies and other
explanatory information.
In our opinion and to the best of our information and according to the explanations given to us,
the aforesaid Ind AS financial statements give the information required by the Companies Act,
2013 (''Act'') in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the Company as at
March 31, 2023, its profit including its Comprehensive income, its cash flows and changes in
equity for the year ended on that date.
Basis for opinion
We conducted our audit in accordance with the Ind AS on auditing specified under section 143 (10)
of the Companies Act, 2013. Our responsibilities under those Standards are further described
in the auditor''s responsibilities for the audit of the Ind AS financial statements section of our
report. We are independent of the Company in accordance with the code of ethics issued by the
Institute of Chartered Accountants of India together with the ethical requirements that are
relevant to our audit of the Ind AS financial statements under the provisions of the Act and the
rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the code of ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance
in our audit of the Ind AS financial statements of the current period. These matters were
addressed in the context of our audit of the Ind AS financial statements as a whole, and in
forming our opinion thereon, and we do not provide a separate opinion on these matters.
Information other than the Ind AS financial statements and auditors'' report
thereon
The Company''s board of directors is responsible for the preparation of the other
information. The other information comprises the information included in the Board''s
Report including Annexures to Board''s Report, Business Responsibility Report but does
not include the Ind AS financial statements and our auditor''s report thereon.
Our opinion on the Ind AS financial statements does not cover the other information and
we do not express any form of assurance conclusion thereon.
In connection with our audit of the Ind AS financial statements, our responsibility is to
read the other information and, in doing so, consider whether the other information is
materially inconsistent with the standalone Ind AS financial statements or our knowledge
obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
Management''s responsibility for the Ind AS financial statements
The Company''s board of directors are responsible for the matters stated in section 134
(5) of the Act with respect to the preparation of these Ind AS financial statements that
give a true and fair view of the financial position, financial performance including other
comprehensive income, cash flows and changes in equity of the Company in accordance
with the accounting principles generally accepted in India, including the Indian
Accounting Standards (Ind AS) specified under section 133 of the Act.
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 Ind AS
financial statement that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the Ind AS financial statements, management is responsible for assessing
the Company''s ability to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless
management either intends to liquidate the Company or to cease operations, or has no
realistic alternative but to do so.
The board of directors are also responsible for overseeing the Company''s financial
reporting process.
Auditor''s responsibilities for the audit of the Ind AS financial statements
Our objectives are to obtain reasonable assurance about whether the Ind AS financial
statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor''s report that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that an audit conducted in accordance
with SAs will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on
the basis of these Ind AS financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional scepticism throughout the audit. We also:
⢠Identify and assess the risks of material misstatement of the Ind AS financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
⢠Obtain an understanding of internal control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the
Companies Act, 2013, we are also responsible for expressing our opinion on whether the
company has adequate internal financial controls system in place and the operating
effectiveness of such controls.
⢠Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
⢠Conclude on the appropriateness of management''s use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty exists
related to events or conditions that may cast significant doubt on the Company''s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor''s report to the related disclosures in the Ind AS
financial statements or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor''s
report. However, future events or conditions may cause the Company to cease to continue as
a going concern.
⢠Evaluate the overall presentation, structure and content of the Ind AS financial
statements, including the disclosures, and whether the Ind AS financial statements
represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the Ind AS financial statements of the
current period and are therefore the key audit matters. We describe these matters in our auditor''s
report unless law or regulation precludes public disclosure about the matter or when, in extremely
rare circumstances, we determine that a matter should not be communicated in our
report because the adverse consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
1. The statement on matters specified in the Companies (Auditor''s Report) Order, 2020
("the Order"), issued by the Central Government of India in terms of sub-section (11) of section
143 of the Act, is provided in "Annexure" A, statement on the matters specified in paragraph 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 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 the law have been kept by the
Company, in electronic mode on servers physically located in India so far as it appears from our
examination of those books.
c) The Balance Sheet and the Statement of Profit and Loss including the Statement of
Comprehensive income, the cash flow statement and the changes in equity dealt with by
this Report are in agreement with the books of account.
d) In our opinion, the aforesaid Ind AS financial statements comply with the Ind AS
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 31 March 2023
taken on record by the Board of Directors, none of the existing Directors is disqualified as on
31 March 2023 from being appointed as a director in terms of Section 164 (2) of the Act.
f) With respect to adequacy of the internal controls over financial reporting of the Company and
the operating effectiveness of such controls, refer to our separate report in "Annexure B".
g) In our opinion and the based on the information presented to us, managerial remuneration
has been paid for the year ended 31 March 2023 hence reporting under section 197 read
with schedule V to the act is required.
h) 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 has disclosed the impact of pending litigations on its financial position in
its Ind AS financial statements - Refer Note 33 to the Ind AS financial statements.
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 to the Investor
Education and Protection Fund by the Company.
iv. a) The management has represented that, to the best of its knowledge and belief, no
funds have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds) by the company to or in any other person
or entities, including foreign entities ("Intermediaries"), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, whether, directly
or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company ("Ultimate Beneficiaries") or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries;
b) The management has represented that, to the best of its knowledge and belief, no
funds have been received by the Company from any persons or entities, including
foreign entities ("Funding Parties"), with the understanding, whether recorded in writing
or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party ("Ultimate Beneficiaries") or provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries; and
c) Based on such audit procedures performed that have been considered reasonable
and appropriate in the circumstances, nothing has come to our notice that has
caused us to believe that the representations under sub-clause (a) and (b)
contain any material misstatement
v. Company has not paid any dividend during the
year.
vi. As proviso to rule 3(1) of the Companies (accounts) Rules, 2014 is applicable for
the Company only w.e.f April 1, 2023, reporting under this clause is not applicable.
For Mehra Goel & Co
Chartered Accountants
Firm''s Registration Number: 000517N
Roshan Daultani
Partner
Membership Number: 137405
Pune, 30 May 2023
UDIN: 23137405BGSPTQ4604
Mar 31, 2014
We have audited the attached Balance Sheet of Amani Trading & Export
Limited as at 31st March, 2014 and the related Profit and Loss
Account and 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 ''
Management is responsible for tire preparation of these 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 Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act"). This responsibility includes
the design, implementation and maintenance of internal control relevant
to tire 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.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit.
We conducted our audit in accordance with the Standards on Auditing
issued by tire Institute of Chartered Accountants of India. 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 disclosures in tire 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 control relevant to the
Company''s preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate
in the circumstances. An audit also includes evaluating the appropr
-iateness of accounting policies used and the reasonableness of
the accounting estimates made by management, as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
provide a basis for our audit opinion.
- Phone : (079; 26403326
Website : www.dbsgroup.in
E-Mail : dshabco@dbsgr oupu&A*^
In our opinion and to the-best of our information and according to
the explanations''given to us, the 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:
(i) In the case of the balance sheet, of the. state of affairs of the
Company as at 31st March 2014
(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 for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order"), as amended, issued by the Central Government of India in
terms of sub-section (4A) of section 227 of the Act, we give in the
Annexure a statement on the matters specified in paragraphs 4 and 5
of the Order.
2. As required by section 227(3) of the Act, we report that:
a. we have obtained all the information and explanations which 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 have been
kept by the Company so far as appears from our examination of those
books;
c. the Balance Sheet, Statement of Profit and Loss and Cash Flow
Statement dealt with by this Report are in agreement with the books of
account;
d. in our opinion, the Balance Sheet, Statement of Profit and Loss and
Cash Flow Statement comply with the Accounting Standards referred to
in subsection (3C) of section 211 of the Companies Act, 1956; and
e. On the basis of written representations received from the directors
as on 31 March 2014, and taken on record by the Board of Directors,
none of the directors is disqualified as on 31 March 2014, from being
appointed as a director in terms of clause (gj of sub-section (1) of
section 274 of the Companies Act, 1956.
ANNEXURE TO THE AUDITOR''S REEQRT.
(Referred. to in paragraph (1) of our report of even date)
1(a) The company has maintained proper records showing fullparticulars
including quantitative details and situation of fixed assets.
(b) All the assets have been physically verified by the management at
reasonable:
intervals. In our opinion, the program of verification is reasonable
having regard to the size of the company and the nature of its assets.
We have been informed that no material discrepancies were noticed on
such verification.
(c) During the year, the company has. not disposed off any of its fixed
asset.
2. (a) The inventory has been physically verified during the year by
the management.
In our opinion, the frequency of verification is reasonable
(b) In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and
adequate in relation to the size of the company and the nature of
its business.
(c) In our opinion, the company is maintaining proper records of
inventory. As informed to us, no discrepancies were noticed on
verification between the physical stocks, and book records.
3. (a) As per explanation given to us, the company has granted interest
bearing loan to a company covered in the register maintained under
section 301 of the Companies Act, 1956.
The maximum amount involved during the year was Rs. 141.11 lacs. ''
(b) In our opinion and according to information and explanation given
to us, the terms and conditions of loans granted by the company
are not prima facie prejudicial to the interest of the company. .
(c) We are informed that the repayment of the principal amount is not
stipulated.
(d) We are informed that the loan granted to the above company does not
have any stipulation for the repayment of principal and hence, no
amount outstanding as at 31st inarch, 2014 has been considered overdue.
(e) The company has not taken any loan, secured or unsecured from
companies, Firms or other parties covered in the register maintained
under the Companies Act, 1956,
(f) Not applicable in view of 3(e) above.
(g) Not applicable in view of 3(e) above,
4. In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures commensur
-ate with the size of the company and the nature of its business with
regard to purchases of inventory, fixed assets and with regard to the
sale of goods.
During the course of our audit, we have hot observed any
continuing failure to correct major weakness in internal controls.
Auditors Raport to the Mem bers of''Amani Trading & Export Limited
5(a) We have been informed that the transactions that need to-be''
entered into the. Register-maintained under section 301 of the
Companies. Act,. 195b have been so entered.
(b) In our opinion and according to the information and explanation
given to us, there is no transaction made in pursuance of
contracts or arrangements entered in the register maintained under
section 301 of the Companies Act, 1956 and exceeding the value of
rupeeis five lacs in respect of any party during the year.
6. In our opinion and according to the information and explanations
given to us, the company has not accepted any fixed deposits from the
public. Further, no order has been passed by the Company Law Board.
7. In our opinion, the company has an internal audit system
commensurate with the . size and nature of its business.
8. According to the information and explanations given to us, the
Central Government has not prescribed for maintenance of cost records
as required under clause (d) of sub-section (1) of Section 209 of the
Companies Act, 1956
9(a) According to the information and explanations given to us, the
company is generally regular in depositing with appropriate
authorities undisputed statutory dues including provident fund,
investor education and protection fund, employee''s state- insurance,
income tax, sales tax/ wealth tax,custom duty, service tax, excise
duty, cess and other material statutory dues applicable to it.
According to the information and explanations given to us, no
undisputed, amounts payable in respect of provident fund, investor
education and protection fund; employee''s state insurance, income
tax, sales tax, wealth tax, custom duty, service tax, excise duty,
cess and other material statutory dues applicable to it were in
arrears as at 31st March, 2014 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 statutory dues which are disputed.
10. As the company has not any accumulated losses,, so this clause is
not applicable to the company. The compariy has not incurred cash
losses, during'' financial year covered by the audit and also in the
immediate preceding year. .
11. According to the information and explariations given to us, the
company has not availed any loan from financial institutions, banks and
debenture holders; hence this clause is not applicable.
12. As per the information and explanations given to us, the company
has not granted any loans-arid advances on the basis of security''
by way of pledge of shams debentures and other securities.
13.The. Company is not a chit fund or a Nidhi Mutual benefit Fund /
Therefore, the provisions of clause 4(xiii) of the Companies (Auditor''s
report)®der 2003 are not applicable to the company.
14 As per the information and explanations given- to ns, the
company- is not dealing in . trading in shares,, securities
debentures and'' other investments. Accordingly, the
provisions of clause. 4(xiv) of the Companies (Auditor''s Report)
order,2003 is not ¦ applicable to the company.
15. -As''per the information'' and explanations given to us,
the company has not given guarantees for loans taken by others
from Bank or Financial Institutions.
16. As informed to us, the company has not received any money by way of
term loans,hence the question of application of it does not arise.
17. According to the information and explanations given to us and on an
overall examination of the balance sheet of the company, we report
that no funds raised on a short term basis have been used for
long term investments and vice versa except permanent working capital.
18. According to the information-and, explanations given to us, the
company has not made any Preferential allotment of shares to parties
and companies covered in the register maintained under section 301 of
the Act. Accordingly, the provision of clause 4(xviii) of Companies
(Auditor''s Report) Order, 2003 is not applicable to the
company.
19. According to the information and explanations given to us, the
company has not issued any debentures and hence the question of
creating security in respect thereof does not arise.
20. -As per the information and explanations given to us, the company
has not raised any money by way of public issues during the year under
audit.
21. According to the information and explanations given to us, no fraud
on or by the company has been noticed or reported during the course of
our audit.
For and on behalf of
Dhirubhai Shah & Doshi.
Chartered Accountants
HarishB. Patel
Partner
Membership No. 014427
Mar 31, 2013
We have audited the attached Balance Sheet of Amani Trading & Export
Limited as at 31st March, 2013 and the related Profit and Loss Account
and 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
Management is responsible for the preparation of these 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 Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act"). This responsibility includes
the design, implementation and maintenance of internal control 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.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. 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 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 control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, 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.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements give the information
required by the Act in the manner so required and give a true and lair
view in conformity with the accounting principles generally accepted in
India:
(i) in the case of the balance sheet, of the state of affairs of the
Company as at 31st March 2013;
(ii) in the case of the statement of profit and loss, of the profit
for the year ended on that date; and
(iii) the case of the cash flow statement of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order"), as amended, issued by the Central Government of India in terms
of sub-section (4A) of section 227 of the Act, we give in the Annexure
a statement on the matters specified in paragraphs 4 and 5 of the
Order.
2. As required by section 227(3) of the Act, we report that:
a. we have obtained all the information and explanations which 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 have been
kept by the Company so far as appears from our examination of those
books;
c. the Balance Sheet, Statement of Profit and Loss and Cash Flow
Statement dealt with by this Report are in agreement with the books of
account;
d. in our opinion, the Balance Sheet, Statement of Profit and Loss and
Cash Flow Statement comply with the Accounting Standards referred to in
subsection (3C) of section 211 of the Companies Act, 1956; and
e. On the basis of written representations received from the directors
as on 31 March 2013, and taken on record by the Board of Directors,
none of the directors is disqualified as on 31 March 2013, from being
appointed as a director in terms of clause (g) of sub-section (1) of
section 274 of the Companies Act, 1956.
ANNEXURE TO THE AUDITOR''S REPORT
(Referred to in paragraph (3) of our report of even date)
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management at
reasonable intervals. In our opinion, the program of verification is
reasonable having regard to the size of the company and the nature of
its assets. We have been informed that no material discrepancies were
noticed on such verification.
(c) During the year, the company has not disposed off any of its fixed
asset.
2. (a) The inventory has been physically verified during the year by
the management. In our opinion, the frequency of verification is
reasonable
(b) In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the company and the nature of its business.
(c) In our opinion, the company is maintaining proper records of
inventory. As informed to us, no discrepancies were noticed on
verification between the physical stocks and book records.
3. (a) As per explanation given to us, the company has granted interest
bearing loan to a company covered in the register maintained under
section 301 of the Companies Act, 1956. The maximum amount involved
during the year was Rs. 144.50 lacs.
(b) In our opinion and according to information and explanation given
to us, the terms and conditions of loans granted by the company are not
prima facie prejudicial to the interest of the company.
(c) We are informed that the repayment of the principal amount is not
stipulated.
(d) We are informed that the loan granted to the above company does not
have any stipulation for the repayment of principal and hence, no
amount outstanding as at 31st march, 2013 has been considered overdue.
(e) The company has not taken any loan, secured or unsecured from
companies, Firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956.
(f) Not applicable in view of 3(e) above.
(g) Not applicable in view of 3(e) above.
4. In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the company and the nature of its
business with regard to purchases of inventory, fixed assets and with
regard to the sale of goods. During the course of our audit, we have
not observed any continuing failure to correct major weakness in
internal controls.
5. (a) We have been informed that the transactions that need to be
entered into the register maintained under section 301 of the Companies
Act, 1956 have been so entered.
(b) In our opinion and according to the information and explanation
given to us, there is no transaction made in pursuance of contracts or
arrangements entered in the register maintained under section 301 of
the Companies Act, 1956 and exceeding the value of rupees five lacs in
respect of any party during the year.
6. In our opinion and according to the information and explanations
given to us, the company has not accepted any fixed deposits from the
public, further, no order has been passed by the Company Law Board.
7. In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
8. According to the information and explanations given to us, the
Central Government has not prescribed for maintenance of cost records
as required under clause (d) of sub-section (1) of Section 209 of the
Companies Act, 1956.
9. (a) According to the information and explanations given to us, the
company is generally regular in depositing with appropriate authorities
undisputed statutory dues including provident fund, investor education
and protection fund, employee''s state insurance, income tax, sales tax,
wealth tax, custom duty, service tax, excise duty, cess and other
material statutory dues applicable to it. According to the information
and explanations given to us, no undisputed amounts payable in respect
of provident fund, investor education and protection fund, employee''s
state insurance, income tax, sales tax, wealth tax, custom duty,
service tax, excise duty, cess and other material statutory due
applicable to it were in arrears as at 31st march, 2013 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 statutory dues which are disputed.
10. As the company has not any accumulated losses, so this clause is
not applicable to the company.
11. According to the information and explanations given to us, the
company has not defaulted in repayment of dues to financial
institutions, banks and debenture holders.
12. As per the information and explanations given to us, the company
has not granted any loans and advances on the basis of security by way
of pledge of shares, debentures and other securities.
13. According to the information and explanations provided to us
,company is not dealing in any chit funds, hence this clause is not
applicable.
14. As per the information and explanations given to us, the company
is not dealing in or trading in shares, securities debentures and other
investments. Accordingly, the provisions of clause 4(xiv) of the
Companies (Auditor''s Report) order,2003 is not applicable to the
company.
15. As per the information and explanations given to us, the company
has not given guarantees for loans taken by others from Bank or
Financial Institutions.
16. As informed to us, the company has not received any money by way
of term loans, hence the question of application of it does not arise.
17. According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that no funds raised on a short term basis have been vised for long
term investments and vice versa except permanent working capital.
18. According to the information and explanations given to us, the
company has not made any Preferential allotment of shares to parties
and companies covered in the register maintained under section 301 of
the Act. Accordingly, the provision of clause 4(xviii) of Companies
(Auditor''s Report) Order, 2003 is not applicable to the company.
19. According to the information and explanations given to us, the
company has not issued any debentures and hence the question of
creating security in respect thereof does not arise.
20. As per the information and explanations given to us, the company
has not raised any money by way of public issues during the year under
audit.
21. According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
For DHIRUBHAI SHAH & CO.
Chartered Accountants.
Firm Registration No. 102511W
Date : 30/05/2013 Harish B.Patel
Place: Ahmedabad PARTNER
Membership No.14427
Mar 31, 2012
1. We have audited the attached Balance Sheet of AMANI TRADING AND
EXPORTS LIMITED, as at 31st March 2012, the Profit and Loss Account and
also the Cash Flow statement for the year ended on that date, annexed
thereto. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement. An audit
includes examining on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit aiso includes
assessing the accounting principles used and significant estimates made
by management, as well as evaiuating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditor's Report) order, 2003 issued
by Central Government of India in terms of section 227{4A) of the
Companies Act, 1956, and on the basis of such checks of the books and
records of the company as we considered appropriate and according to
the information and explanations given to us, we enclose in the
Annexure a statement on the matters specified in paragraph 4 & 5 of the
said order.
4. Further to our comments in the Annexure referred to above, we
report that
(a) We have 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 books.
(c) The Balance Sheet, the Profit and Loss Account and Cash Flow
Statement referred to in this report are in agreement with the books of
account.
(d) In our opinion, Balance Sheet, the Profit and Loss Account and Cash
Flow statement dealt with by this report comply with the Accounting
Standards referred to in sub-section (30 of section 211 of the
ComDanies Act, 1956;
(e) On the basis of written representations received from the directors
of the company as at March 31, 2012 and taken on record by the board of
directors, we report that none of the directors is disqualified as on
March 31, 2012 from being appointed as director of the company under
clause (g) of sub-section (1) of section 274 of the Companies Act,
1956.
(f) Attention is invited to the following notes : -
(i) Note 20 of Notes to Accounts; regarding non provision In respect of
diminution in the value of investments of Ashima Ltd, Rs.j15.8$ iacs
and note no. 21 of Notes to Accounts regarding confirmation of Sundry
creditors.
Subject to the foregoing, in our opinion and to the best of our
information and according to the explanations given to us, the
financial statements read with notes thereon give the information
required by the Companies Act, 1956, in the manner so required and give
a true and fair view in conformity with the accounting principles
generally accepted in India:
(a) In the case of Balance Sheet, of the State of affairs of the
Company as at 31st March 2012,
(b) In the case of the Profit and Loss Account, of the Profit of the
Company for the year ended on that date; and
(c) In the case of Cash Flow Statement, of the Cash Flows for the year
ended on that date. -
ANNEXURE TO THE AUDITOR'S REPORT
(Referred to in paragraph (3) of our report of even date)
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management at
reasonable intervals. In our opinion, the program of verification is
reasonable having regard to the size of the company and the nature of
its assets. We have been informed that no material discrepancies were
noticed on such verification.
(c) During the year, the company has not disposed off any of its fixed
asset.
2. (a) The inventory has been physically verified during the year by
the management. In our opinion, the frequency of verification is
reasonable.
(b) In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the company and the nature of its-business.
(c) In our opinion, the company is maintaining proper records of
inventory. As informed to us, no discrepancies were noticed on
verification between the physical stocks and book records.
3. (a) As explained to us, the company has granted interest bearing
loan to a company covered in the register maintained under section 301
of the Companies Act, 1956. The maximum amount involved during the year
was Rs.129.35 lacs.
(b) In our opinion ad according to information and explanation given to
us, the terms and conditions of loans granted by the company are not
prima facie prejudicial to the interest of the company.
(c) We are informed that the payment of the principal amount is not
stipulated.
(d) We are informed that the ioan granted to the above company does not
have any stipulation for the payment of principal and hence, no amount
outstanding as at 31st March, 2012 has been considered overdue.
(e) The company has not taken any ioan, secured or unsecured from
companies, Firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956.
(f) Not applicable in view of 3(e) above. .
(g) Not applicable in view of 3(e) above.
4. In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the company and the nature of its
business with regard to purchases of inventory, fixed assets and with
regard to the sale of goods. During the course of our audit, we have
not observed any continuing failure to correct major weakness in
internal controls.
5. (a) We have been informed that the transactions that need to be
entered into the register maintained under section 301 of the
Companies Act, 1956 have been so entered.
(b) In our opinion and according to the information and explanation
given to us, there is no transaction made in pursuance of contracts or
arrangements entered in the register maintained under section 301 of
the Companies Act, 1956 and exceeding the value of rupees five lakhs in
respect of any party during the year.
6 In our opinion and according to the information and explanations
given to us, the company has not accepted any fixed deposits from the
pubiic. Further, no order has been passed by the Company Law Board.
7 In our opinion, the company has an internal audit system commensurate
with the size and nature of its business.
8 According to the information and explanations given to us, the
Central Government has not prescribed for maintenance of cost records
as required under clause (d) of sub-section (1) of Section 209 of the
Company's Act, 1956.
9. (a) According to the information and explanations given to us, the
company is generally regular in depositing with appropriate authorities
undisputed statutory dues including provident fund, investor education
and protection fund, employee's state insurance, income tax, sales tax,
wealth tax, custom duty, service tax, excise duty, cess and other
material statutory dues applicable to it. According to the information
and explanations given to us, no undisputed amounts payable in respect
of provident fund, investor education and protection fund, employee's
state insurance, income tax, sales tax, wealth tax, custom duty,
service tax, excise duty, cess and other material statutory dues
applicable to it were in arrears as at 31st March, 2012 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
are no statutory dues, which are disputed.
10 As the company has not any accumulated losses, so this clause is not
applied to it
11 According to the information and explanations given to us, the
company has not defaulted in repayment of dues to financial
institutions, banks and debenture holders.
12 As per the information and explanations given to us, the company has
not granted any loans and advances on the basis of security by way of
pledge of shares, debentures and other securities:
13 As per the information and explanations given to us, the company is
not a Chit Fund, Nidhi / Mutual Benefit Fund, Society. Therefore, the
provision of clause 4(xiii) of the Companies (Auditor's Report) Order,
2003 is not applicable to the company.
14 As per the information and explanations given to us, the company is
not dealing in or trading in shares, securities debentures and other
investments. Accordingly, the provisions of clause 4(xiv) of the
Companies (Auditor's Report) order,2003 is not applicable to the
company.
15 As per the information and explanations given to us, the company has
not given guarantees for loans taken by others from Bank or Financial
Institutions.
16 As informed to us, the company has not received any money by way of
term loans, hence the question of application of it dos not arise.
17 According to the information and explanations given to us and on an
overall examination of the balance sheet of the company, we report that
no funds raised on a short term basis have been used for long term
investments and vice versa except permanent working capital. .
18 According to the information and explanations given to us, the
company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under section 301 of
the Act. Accordingly, the provision of clause 4(xviii) of Companies
(Auditor's Report) Order, 2003 Is not applicable to the company.
19 According t6 the information and explanations given to us, the
company has not issued any debentures and hence the question of
creating security in respect thereof does not arise.
20 As per the information and explanations given to us, the company has
not raised any money by way of public issues during the year under
audit.
21 According to the information and explanations given to us, no fraud
on or by the company has been noticed or reported during the course of
our audit.
FOR DHIRUBHAI SHAH & CO.
chartered accountants
Firm Registration No.: 102511W
H.B. PATEL
PARTNER
Membership No.14427
Place: Ahmedabad
Date: 30/05/2012
Mar 31, 2010
1. We have audited the attached Balance Sheet of AMANI TRADING AND
EXPORTS LIMITEDi, as at 31st March, 2010, the Profit and Loss Account
and also the Cash Flow statement for the year ended on that date,
annexed thereto. These financial statements are the responsibility of
the Companys management. Our responsibility is to express an opinion
on these financial statements based on our audit :-
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free on material misstatement. An audit
includes examining on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditors Report) order, 2003 issued
by Central Government of India in terms of section 227(4A) of the
Companies Act, 1956, and on the basis of such checks of the books and
records of the company as we considered appropriate and according to
the information and explanations given to us, we enclose in the
Annexure a statement on the matters specified in paragraph 4 & 5 of the
said order.
4. Further to our comments in the Annexure referred to above, we
report that :-
(a) We have 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 books.
(c) The Balance Sheet, the Profit and Loss Account and Cash Flow
Statement referred to in this report are in agreement with the books of
account. !
(d) In our opinion. Balance Sheet, the Profit and Loss Account and Cash
Flow statement dealt with by this report comply with the Accounting
Standards referred to in sub- section (3C) of section 211 of the
Companies Act, 1956;
(e) On the basis of written representations received from the directors
of the company as at March 31, 2010 and taken on record by the board of
directors, we report that none of the directors is disqualified as on
March 31, 2010 from being appointed as director of the company under
clause (g) of sub-section (1) of section 274 of the Companies Act,
1956.
(0) Attention is invited to note no.2 of Schedule 14(11) regarding non
provision in respect of diminution in the value of investments of
Ashima Ltd. Rs.15.86 lacs and note no.4 of Schedule 14(11) regarding
confirmation of sundry creditors.
Subject to the foregoing. In our opinion and to the best of our
information and according to the explanations given to us, the
financial statements read with notes thereon give the information
required by the Companies Act, 1956, in the manner so required and give
a true and fair view in conformity with the accounting principles
generally accepted in India:
(a) In the case of Balance Sheet, of the State of affairs of the
Company as at 31st March, 2010; and
(b) In the case of the Profit and Loss Account, of the Profit of ihe
Company for the year ended on that date; and
(c) In the case of Cash.Flow Statement, of the Cash Flows of the
company for the year ended on that date.
ANNEXURE TO THE AUDITORS REPORT
(Referred to in paragraph (3) of our report of even dale)
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management at
reasonable intervals. In our opinion, the program of verification is
reasonable having regard to the size of the company and the nature of
its assets. We have been informed that no material discrepancies were
noticed on such verification.
(c) During the year, the company has not disposed off any of its fixed
asset.
2. (a) The inventory has been physically verified during the year by
the management. In our opinion, the frequency of verification is
reasonable
(b) In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the company and the nature of its business.
(c) In our opinion, the company is maintaining proper records of
inventory. As informed to us, no discrepancies were noticed on
verification between the physical stocks and book records.
3. (a) As explained to us, the company has granted interest bearing
loan to a company covered in the register maintained under section 301
of the Companies Act, 1956. The maximum amount involved during the year
was Rs. 121.35 lacs.
(b) In our opinion and according to information and explanation given
to us, the terms and conditions of loans granted by the company are not
prima facie prejudicial to the interest of the company.
(c) We are informed that the payment of the principal amount is not
stipulated.
(d) We are informed that the loan granted to the above company does not
have any stipulation for the payment of principal and hence, no amount
outstanding as at 31st march, 2010 has been considered overdue.
(e) The company has not taken any loan, secured or unsecured from
companies, Firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956.
(f) Not applicable in view of 3(e) above.
(g) Mot applicable in view of 3(e) above.
4. In our opinion and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the company and the nature of its
business with regard to purchases of inventory, fixed assets and with
regard to the sale of goods. During the course of our audit, we have
not observed any continuing failure to correct major weakness in
internal controls.
5. (a) We have been informed that the transactions that need to be
entered into the register maintained under section 301 of the Companies
Act, 1956 have been so entered.
(b) In our opinion and according to the information and explanation
given to us, there is no transaction made in pursuance of contracts or
arrangements entered in the register maintained under section 301 of
the Companies Act, 1956 and exceeding the value of rupees five lakhs in
respect of any party during the year.
6. In our opinion and according to the information and explanations
given to us, the company has not accepted any fixed deposits from the
public. Further, no order has been passed by the Company Law Board.
7. In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
8. According to the information and explanations given to us, the
Central Government has not prescribed for maintenance of cost records
as required under clause (d) of sub-section (1) of Section 209 of the
Companys Act, 1956.
9. (a) According to the information and explanations given to us, the
company is generally regular in depositing with appropriate authorities
undisputed statutory dues including provident fund, investor education
and protection fund, employees state insurance, income tax, sales tax,
wealth tax, custom duty, service tax, excise duty, cess and other
material statutory dues applicable to it. According to the information
and explanations given to us, no undisputed amounts payable in respect
of provident fund, investor education and protection fund, employees
state insurance, income tax, sales tax, wealth tax, custom duty,
service tax, excise duty, cess and other material statutory dues
applicable to it were in arrears as at 31st March, 2010 for a period of
more than six months from the date they became payable.
i(b) According to the information and explanations given to us, there
are no statutory dues which are disputed.
10. As the company has not any accumulated losses, so this clause is
not applied to it.
11. According to the information and explanations given to us, the
company has not defaulted in repayment of dues to financial
institutions, banks and debenture holders.
12. As per the information and explanations given to us, the company
has not granted any loans and advances on the basis of security by way
of pledge of shares, debentures and other securities.
13. As per the information and explanations given to us, the company
is not a Chit Fund, Nidhi / Mutual Benefit Fund, Society. Therefore,
the provision of clause 4(xiii) of the Companies (Auditors Report)
Order, 2003 is not applicable to the company.
14. As per the information and explanations given to us, the company
is not dealing in or trading in shares, securities debentures and other
investments. Accordingly, the provisions of clause 4(xiv) of the
Companies (Auditors Report) order,2003 is not applicable to the
company.
15. As per "the information and explanations given to us, the company
has not given guarantees for loans taken by others from Bank or
Financial Institutions.
16. As informed to us, the company has not received any money by way
of term loans, hence the question of application of it does not arise.
17. According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that no funds raised on a short term basis have been used for long term
investments, and vice versa except permanent working capital.
18. According to the information and explanations given to us, the
company has not made any preferential allotment of shares to parties
and companies covered in the register maintained under section 301 of
the Act. Accordingly, the provision of clause 4(xviii) of Companies
(Auditors Report) Order, 2003 is not applicable to the company.
19. According to the information and explanations given to us, the
company has not issued any debentures and hence the question of
creating security in respect thereof does not arise.
20. As per the information and explanations given to us, the company
has not raised any money by way of public issues during the year under
audit.
21. According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
For DHIRUBHAI SHAH & CO.
Chartered Accountants.
Harish B.Patel Date : 31/05/2010
PARTNER.
Place : Ahmedabad
Membership No. 14427
Mar 31, 2009
1. We have audited the attached balance sheet of Amani Trading And
Exports Limited as at March 31, 2009 and also the profit and loss
Account and the cash flow statement for the year ended on that date
annexed hereto. These financial statements are the responsibility of
the Companys management. Our responsibility is to express an opinion
on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. As required by the Companies (Auditors Report) Order, 2003 issued
by the Central Government of India in terms of section 227(4A) of the
Companies Act, 1956, and on the basis of such checks of the books and
records of the company as we considered appropriate and according to
the information and explanations given to us, we enclose in the
Annexure a statement on the matters specified in paragraphs 4 and 5 of
the said order.
4. Further to our comments in the Annexure referred to above, we
report that -
(a) We have obtained all the information ana explanation;, which to the
best of our knowledge and belief were necessary for the purposes of the
audit;
(b) In our opinion, proper books of account as required by the law,
have been kept by the company so far as appears from our examination of
those books;
(c) The balance sheet, profit & loss account and the cash flow
statement dealt with by this report are in agreement with the books of
account of the Company;
(d) In our opinion the balance sheet, profit & loss account and the
cash flow statement dealt with by this report comply with the
Accounting Standards referred to in sub-section (3C) of section 211 of
the Companies Act, 1956;
(e; On the basis of written representations received from the directors
as on March 31, 2009 and taken on record by the Board of Directors, we
report that tone of the directors is disqualified 3S on March 31.. 2009
from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Companies Act, 1956.
(f) Attention is invited to the note no.3 of Schedule 14 (B) regarding
non provision in respect of diminution in the value of investments of
Ashima Ltd. Rs. 15.86 lacs and note no. 5 of schedule 14 (B) regarding
confirmation of sundry creditors. Subject to the foregoing, in our
opinion and to the best of our information and according to the
explanations given to us, the said financial statements, read together
with the notes thereon, give the information required by the Companies
Act, 1956, in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
(a) In the case of the balance sheet, of the state of affairs of the
Company as at March 31, 2009; and
(b) In the case of the profit & loss Account, of the profit of the
Company for the year ended on that date; and
(c) In the case of the cash flow statement, of the cash flows of the
Company for the year ended on that date.
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF THE REPORT OF THE AUDITORS
1. (a) The company has maintained proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) As explained to us, the fixed assets have been physically verified
by the management at reasonable interval In our opinion, the programme
of verification is reasonable having regard to the size of the company
and the nature of its assets. We have been informed that no material
discrepancies were noticed on such verification.
(c) According to the information and explanation given to us, the
company has not disposed off any substantial part of its fixed assets
so as to affect its going concern.
2. (a) As explained to us, the inventories have been physically
verified during the year by the management In our opinion, the
frequency of verification is reasonable.
(b) As explained to us, the procedures of physical veiification of
inventories 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 our examination of the inventory records, we are of
the opinion that, the company is maintaining proper records of
inventory. Discrepancies noticed on physical verification of inventory
as compared to book records were not material and the same have been
properly dealt with in the books at account.
3. (a) As explained to us, the company has granted interest bearing
loan to a company covered in the registered maintain under section
301of the Companies Act, 1956. The maximum amount involved during the
year was 116.63 lacs.
(b) In our opinion and according to the information and explanations
given to us, the terms and conditions on which loan has been granted to
the above company are not prima facie prejudicial to the interest of
the company.
(c) We are informed that the loan granted to the above company does not
have any stipulation for the payment of principal and no recovery has
been made during the year.
(d) The above loan does not have any stipulation for payment of
principal and hence, no amount outstanding as at March 31,2009 has been
considered overdue.
{e) The coapany has not taken any loans secured or unsecured from
companies, firm or other parties covered in the registered maintained
under section 301 of the Companies Act, 1956, and hence paragraph
(iii)(f) and (g) of the order regarding rate of interest, terms and
condition of loans and repaynwits are not applicable.
4. In our opinien and according to the information and explanation
given to us, there are adequate internal control procedures
commensurate with the size of the company and the nature of its
business with regard to purchases of inventory, fixed assets and with
regard to the sale of goods and services. During the course of our
audit, we have not observed any continuing failure to correct major
weakness in internal controls.
5. (a) We haw been informed that particulars of contracts or
arrangements required to be entered in the register maintained under
section 301 of the Companies Act, 1956 have been so entered.
(b) In our spinion and according to the information and explanation
given to us, all the transactions made in pursuance of contracts or
arrangements entered in the register maintained under section 301 of
the Companies Act, 1956 and exceeding the value of rupees five lacs in
respect of any party during the year have been made at prices which are
reasonable having regard to the prevailing marketprices at the relevant
time.
6. In our opinion and according to the information and explanations
given to us, the company has not accepted any fixed deposits from the
public within the meaning of section 58A of the Companies Act, 1956 and
rules framed thereunder.
7. In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
8. As informed to us, the maintenance of the records has not been
prescribed by the Central Government under section 209(l)(d) of the
Companies Act, 1956, in respect of the activities carried on by the
company.
9. (a) According to the information and explanations given to us, the
company is generally regular in depositing with appropriate authorities
undisputed statutory dues including provident fund, investor education
and protection fund, employees state insurance, income tax, sales tax,
VAT, wealth tax, service tax, custom duty, excise duty, cess and other
material statutory dues applicable to it. According to the information
and explanations given to us, no undisputed amounts payable in respect
of provident fund, investor education and protection fund, employees
state insurance, income tax, sales tax, VAT, wealth tax, service tax,
custom duty, excise duty, cess and other material statutory dues
applicable to it were in arrears, as at March 31, 2009 for a period of
more than six months from the date they became payable.
(b) According to the information and explanation given to us, there is
no statutory dues which are disputed.
10. As the company has not any accumulated losses, so this clause is
not applicable.
11. According to the information and explanations given to us, Company
has not defaulted in repayment of debt to financial institutions and
debenture holders
12. As per the animation and explanations given to us, the company has
not granted any loans and advances on&basis of security by way of
pledge of shares , debentures and other securities.
13. In our opinion, the company is not a Nidhi Fund or a Chit Fund or
a Mutual Benefit Fund/Society. Therefore, the provisions of clause
4(xiii) of the companies (Auditors Report) Order, 2003 are not
applicable tolle company.
14. In our opinion company is not dealing in or trading in securities,
debentures or other investments. Accordingly, the provisions of clause
4(xiv) of the companies (Auditors Report) Order, 2003 are not
applicable to the company.
15. According to the information and explanations given to us, and the
representations made by the management the company has not given any
guarantee for loans taken by others from any bank or financial
institutation.
16. According tûthe information and explanations given to us, the
company has not availed term loans during the year and hence, the
question of its application does not arise.
17. According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that no funds raised on short-term basis have been used for long-term
investment
18. According to the information and explanations given to us, the
company has not made preferential allotment of shares during the year
under audit.
19. According to the information and explanations given to us, the
company has not issued any debenture and hence question of created
security or charge in respect thereon does not arise..
20. According to the information and explanations given to us, the
company has not raised any money by way of pubic issue during the year
under audit.
21. According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
For Dhirubhai Shah & Co.
Chartered Accountants
Harish B. Patel
Date : 30/06/2009 Partner
Place : Ahmedabad Membership No.: 14427
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
More Information on EFC (I) Ltd.
-
EFC (I) Ltd. Tools
- Bulk Deals
- Block Deals
-
EFC (I) Ltd. Company Details
- Company Profile
- Company History
- Management Team
- Capital Structure
- Product Mix
- Banker/Auditor/Registrar
-
Company History
- Bonus
- BSE Price History
- NSE Price History
-
EFC (I) Ltd. Key Financial Ratios
- Ratios
-
EFC (I) Ltd. Results
- Quarterly Results
- Half Yearly Results
- Nine Months Results
- Annual Results
-
EFC (I) Ltd. Financial Data
- Audited Results
- Cash Flow
- Balance Sheet
-
EFC (I) Ltd. Reports
- Accounting Policies
- Auditors Report
- Directors Report
- Notes To Account
-
EFC (I) Ltd. Corporate Announcements
- Book Closure
- Board Meetings
- Change of Name
-
FY26 Market Review: Inside Nifty-Sensex's Sharpest Yearly Crash Since COVID; What's Next For Investors? -
Intraday Stocks To Buy Today, March 27: Top Picks By Anand James of Geojit Investments On Friday -
Indian equities open higher as Nifty tops 23,100 and Sensex climbs over 700 points -
Intraday Stocks To Buy Today, March 25: Top Picks By Anand James of Geojit Investments On Wednesday
-
Stock Market Today: Nifty Closes Near 23,000, Sensex Up 1.8%: IndiGo, L&T, Eternal, Asian Paints Top Gainers -
Steel Stock Gains 5.14% On Getting NCLT Nod For Key Merger; Do You Own? -
Stock Market Opens Strong: Nifty Up 1.5%, Sensex Rallies 1,516 Pts; Rupee Recovers as Trump Delays Iran Strike -
D-Street Mayhem: Rs 15 Lakh Cr Wiped Out As Nifty-Sensex Close 2.5% Lower, Rupee In Free-Fall Amid Iran-US War -
Indian equities outlook today as Bank Nifty remains weak and Nifty tests support -
Stock Market Crash: Sensex, Nifty Hit 1-Year Low; How US-Israel-Iran War Wiped Out Rs 4,753,333 Crore -
Intraday Stocks To Buy Today, March 23: Top Picks By Anand James of Geojit Investments On Monday
-
Nifty, Sensex Down 8% Amid Iran-US War, Crude Oil At Sky High: How Past Geopolitical Crises Have Shaped Market -
Stock Market Weekly Wrap: Sensex, Nifty End In Green Amid Iran-US War, Crude Surge, Rupee Slide -
Nifty Falls as Global Cues Persist and Gulf Tensions Weigh on Indian Markets -
Intraday Stocks To Buy Today, March 20: Top Picks By Anand James of Geojit Investments On Friday
-
Nifty, Sensex Stage Sharp Rebound After Biggest Crash; IT Stocks in Green | Why Is Stock Market Rising Today?
-
Block for 8 hours
-
Block for 12 hours
-
Block for 24 hours
-
Don't block
Sign in with Google- Male
- Female
- Others
- Under 18
- 18 to 25
- 26 to 35
- 36 to 45
- 45 to 55
- 55+