BSE: 1497 | NSE: 511185 | ISIN: INE381N01019
Market Cap: [Rs.Cr.] 0.44 | Face Value: [Rs.] 10
Industry: Finance & Investments
To the Members of SURYAKURPA FINANCE LIMITED
We have audited the accompanying financial statements of SURYAKURPA FINANCE LIMITED("the Company"), which comprise the Balance Sheet as at March 31, 2013, and theStatement of Profit and Loss and Cash Flow Statement for the year then ended, and asummary of significant accounting policies and other explanatory information.
Management is responsible for the preparation of these financial statements that give atrue and fair view of the financial position, financial performance and cash flows of theCompany in accordance with the Accounting Standards referred to in sub-section (3C) ofsection 211 of the Companies Act, 1956 ("the Act"). This responsibility includesthe design, implementation and maintenance of internal control relevant to the preparationand presentation of the financial statements that give a true and fair view and are freefrom material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on theauditors judgment, including the assessment of the risks of material misstatement ofthe financial statements, whether due to fraud or error. In making those risk assessments,the auditor considers internal control relevant to the Companys preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bymanagement, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
In our opinion and to the best of our information and according to the explanationsgiven to us, the financial statements give the information required by the Act in themanner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India:
a) in the case of the Balance Sheet, of the state of affairs of the Company as at March31, 2013;
b) in the case of the Statement of Profit and Loss , of the loss for the year ended onthat date; and
c) in the case of the Cash Flow Statement, of the cash flows for the year ended on thatdate.
1. As required by the Companies (Auditors Report) Order, 2003 ("theOrder") issued by the Central Government of India in terms of sub-section (4A) ofsection 227 of the Act, we give in the Annexure a statement on the matters specified inparagraphs 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 ourknowledge 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 theCompany so far as appears from our examination of those books
c) the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt withby this Report are in agreement with the books of account.
d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash FlowStatement comply with the Accounting Standards referred to in subsection (3C) of section211 of the Companies Act, 1956;
e) on the basis of written representations received from the directors as on March 31,2013, and taken on record by the Board of Directors, none of the directors is disqualifiedas on March 31, 2013, from being appointed as a director in terms of clause (g) ofsub-section (1) of section 274 of the Companies Act, 1956.
f) Since the Central Government has not issued any notification as to the rate at whichthe cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued anyRules under the said section, prescribing the manner in which such cess is to be paid, nocess is due and payable by the Company.
For GUPTA SAHARIA & CO.
(SANJAY J. JAIN)
Membership No: 112646
The Annexure referred to in paragraph 1 of the Our Report of even date to the membersof SURYAKURPA FINANCE LIMITED. On the accounts of the company for the year ended 31stMarch, 2013.
On the basis of such checks as we considered appropriate and according to theinformation and explanation given to us during the course of our audit, we report that:
1.(a) The company has maintained proper records showing full particulars includingquantitative details and situation of its fixed assets.
(b) As explained to us, fixed assets have been physically verified by the management atreasonable intervals; no material discrepancies were noticed on such verification.
(c) In our opinion and according to the information and explanations given to us, nofixed asset has been disposed during the year and therefore does not affect the goingconcern assumption.
2.(a) According to the information and explanations given to us and on the basis of ourexamination of the books of accounts, the Company do not any have inventories to beverified. Consequently, the provisions of clauses ii (b) and ii (c) are not applicable tothe Company.
3.(a) According to the information and explanations given to us and on the basis of ourexamination of the books of account, the Company has not granted any loans, secured orunsecured, to companies, firms or other parties listed in the register maintained underSection 301 of the Companies Act, 1956.
Consequently, the provisions of clauses iii (b), iii(c) and iii (d) of the order arenot applicable to the Company.
(e) According to the information and explanations given to us and on the basis of ourexamination of the books of account, the Company has not taken loans from companies, firmsor other parties listed in the register maintained under Section 301 of the Companies Act,1956. Thus sub clauses (f) & (g) are not applicable to the company.
4. In our opinion and according to the information and explanations given to us, thereis generally an adequate internal control procedure commensurate with the size of thecompany and the nature of its business, for the purchase of inventories & fixed assetsand payment for expenses & for sale of goods. During the course of our audit, no majorinstance of continuing failure to correct anyweaknesses in the internal controls has beennoticed.
5. a) Based on the audit procedures applied by us and according to the information andexplanations provided by the management, the particulars of contracts or arrangementsreferred to in section 301 of the Act have been entered in the register required to bemaintained under that section.
b) As per information & explanations given to us and in our opinion, thetransaction entered into by the company with parties covered u/s 301 of the Act does notexceeds five lacs rupees in a financial year therefore requirement of reasonableness oftransactions does not arises.
6. The Company has not accepted any deposits from the public covered under section 58Aand 58AA of the Companies Act, 1956.
7. As per information & explanations given by the management, the Company has aninternal audit system commensurate with its size and the nature of its business.
8. The Central Government has not prescribed the maintenance of the cost recordsU/s.209(1)(d) of the Companies Act, 1956 for any of the products of the company.
9. (a) According to the records of the company, undisputed statutory dues includingProvident Fund, Investor Education and Protection Fund, Employees State Insurance,Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess to theextent applicable and any other statutory dues have generally been regularly depositedwith the appropriate authorities. According to the information and explanations given tous there were no outstanding statutory dues as on 31st of March, 2013 for aperiod of more than six months from the date they became payable.
(b) According to the information and explanations given to us, there is no amountspayable in respect of income tax, wealth tax, service tax, sales tax, customs duty andexcise duty which have not been deposited on account of any disputes.
10. The Company have accumulated losses of Rs.1,10,88,444/- as at 31.03.2013.Thecompany has incurred cash losses during the financial year covered by our audit.
11. Based on our audit procedures and on the information and explanations given by themanagement, we are of the opinion that, the Company has not defaulted in repayment of duesto a financial institution, bank or debenture holders.
12. According to the information and explanations given to us, the Company has notgranted loans and advances on the basis of security by way of pledge of shares, debenturesand other securities.
13. The Company is not a chit fund or a nidhi /mutual benefit fund/society. Therefore,the provision of this clause of the Companies (Auditors Report) Order, 2003 (asamended) is not applicable to the Company.
14. According to information and explanations given to us, the Company did not deal inShares, Mutual funds & other Investments. Proper records & timely entries havebeen maintained in regard to investments made by company in its own name.
15. According to the information and explanations given to us, the Company has notgiven any guarantees for loan taken by others from a bank or financial institution.
16. Based on our audit procedures and on the information given by the management, wereport that the company has not raised any term loans during the year.
17. Based on the information and explanations given to us and on an overall examinationof the Balance Sheet of the Company as at 31st March, 2013, we report that nofunds raised on short-term basis have been used for long-term investment by the Company.
18. Based on the audit procedures performed and the information and explanations givento us by the management, we report that the Company has not made any preferentialallotment of shares during the year.
19. The Company has no outstanding debentures during the period under audit.
20. The Company has not raised any money by public issue during the year.
21. Based on the audit procedures performed and the information and explanations givento us, we report that no fraud on or by the Company has been noticed or reported duringthe year, nor have we been informed of such case by the management.
For GUPTA SAHARIA & CO.
Membership No. : 112646
|25-Feb-14||Suryakrupa Finance reports no net profit/loss in the December 2012 quarter|
|24-Feb-14||Suryakrupa Finance reports net loss of Rs 0.01 crore in the September 2012 quarter|
|23-Feb-14||Suryakrupa Finance reports net loss of Rs 0.10 crore in the June 2012 quarter|
|23-Feb-14||Suryakrupa Finance reports net loss of Rs 0.04 crore in the March 2012 quarter|
|22-Feb-14||Suryakrupa Finance reports net profit of Rs 0.04 crore in the December 2011 quarter|
|18-Feb-14||Suryakrupa Finance reports nil net profit/loss in the December 2013 quarter|
|02-Sep-14||Effective Gold Monetisation Schemes - The future for the Bullion Industry|
|21-Aug-14||Reliance General Q1 net profit at Rs. 24.3 crore|
|18-Aug-14||Reliance Capital Q1 net profit at Rs1640 mn|
|18-Aug-14||MCX attains highest market share since October, 2013|
|14-Aug-14||Religare Invesco MFunveils Corporate Bond Opportunities Fund|
|06-Aug-14||PTC India Financial (Q1 FY15)|
Ravindra K Palkar , Chairman
Hemant B Desai , Executive Director & CFO
Sunilkumar M Jain , Director
Sureshkumar Bhandari , Director
Company Head Office / Quarters:
System Support Services
209 Shivai Indl.Est.,89 Andheri Kurla Rd.,Sakinaka Andheri (E),Mumbai - 400 072
Check whether Taxed / Tax free investment avenue is better for you
|Taxed Avenue||Tax-Free Avenue|
|Investment amount (Rs.)|
|Tenure of Investment (years)|
|Interest earned (% p.a)|
|Your tax bracket (%)|