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Anjani Finance Ltd.

BSE: 531878 | NSE: | Series: NA | ISIN: INE283D01018 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Sep 17, 15:52
5.78 0.10 (1.76%)
Volume
AVERAGE VOLUME
5-Day
4,569
10-Day
4,842
30-Day
8,514
6,016
  • Prev. Close

    5.68

  • Open Price

    5.25

  • Bid Price (Qty.)

    5.37 (400)

  • Offer Price (Qty.)

    5.78 (138)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

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  • Open Price

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  • Bid Price (Qty.)

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Anjani Finance is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2007 2006

Auditor's Report

1. We have audited the attached Balance Sheet of as at 31st March 2009. the Profit and Loss Account and 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 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 sub-section (4A) of Section 227 of the Companies Act. 1956. 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 paragraph (3) at ove, 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 appears from our examination of those books ; c. The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account; d. In our opinion, these account have been prepared in compliance with the applicable accounting standards referred to in sub-section (3C) of section 211 of the Act; e. On the basis of written representations received from the Directors, as on 31st March, 2009 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March. 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. The said accounts 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. i. In the case of the Balance Sheet, of the state of affairs of the company as at 31st March. 2009; ii. In the case of the Profit and Loss Account, of the profit of the Company for the year ended on that date; and iii. In the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT (REFERRED TO IN OUR REPORT OF EVEN DATE) i. (a) The Company has maintained proper record showing full particulars including quantitative details and situation of fixed assets. (b) As explained to us, these fixed assets have been physically verified by the management, in accordance with a phased program of verification, which in our opinion, is reasonable, considering the size of the Company and nature of its assets. The frequency of physical verification is reasonable and no material discrepancies were noticed on such verification. (c) No substantial part of Fixed Assets has been disposed off during the year. ii. As there is no inventory, accordingly clause 4(ii) of the Companies (Auditors Report) Order, 2003 is not applicable to the Company. iii. According to the information and explanations given to us in respect of unsecured loans granted to companies covered in the register maintained under section 301 of the Companies Act, 1956: (a) During the year, the Company has not given any unsecured Loans to parties covered in the register maintained under section 301 of the Companies Act, 1956. (b) According the information and explanations given to us, the Company has not taken unsecured loans from any parties covered in the register maintained under Section 301 of the Companies Act, 1956. iv. 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, for the purchase of inventory, fixed assets and also for the sale of goods During the course of our audit, no major weakness has been noticed in the internal control v. a. In our opinion and according to the information and explanations given to us, no transactions were made in pursuance of contracts or arrangements which needed to be entered into the Register maintained under of Section 301 of the Companies Act 1956 have been so entered m the register required to be maintained under that section: b. According to the information and explanations given to us, there are no transactions in excess of Rs. 5 lacs in respect of any party and hence the question of reasonable price in respect of such transaction with regards to prevailing market prices does not arise. vi. In our opinion and according to the information given to us the Company has not accepted deposits from the public and the provisions of Section 58A and 58AA of the Act. rules framed there under and other relevant directives issued by the Reserve Bank of India are not applicable to the Company. vii. In our opinion, the Company has an Internal Audit System Commensurate with its size and nature of its business. viii. The Company is not required to maintain Cost records as prescribed by Central Government under Clause (d) of Sub- Section (1) of Section 209 of the Act. ix. a. According to the records examined by us, the Company is generally regular in depositing undisputed statutory dues applicable to it with the appropriate authorities. b. According to the information and explanations given to us. no undisputed amounts payable in respect of Income Tax, Wealth Tax, Customs Duty, Excise Duty, FBT & Cess were outstanding, at the year end for a period of more than six months from the date they became payable. c. According to the information and explanations given to us, there are no dues of Sales Tax, Income Tax, Customs Duty, Wealth Tax or Excise Duty outstanding on account of any dispute. x. The Company does not have accumulated losses as at the end of the financial year and it has not incurred any cash losses in the current and immediately preceding financial years. xi. In our opinion and according to the explanations given to us, the Company has not defaulted in repayment of dues to a financial instiutions or bank. xii. In our opinion and according to the explanations given to us, the Company has not granted loans and advance on the basis of security by way of pledge of shares, debentures and other securities. xiii. In our opinion and according to the explanations given to us, the Company has not granted loans and advance on the basis of security by way of pledge of shares, debentures and other securities. xiv. According to the information and explanations given to us and on the basis of examination of the books of account, proper records have been maintained of the transactions and contracts and timely entries have been made therein in respect of shares, securities, debentures and other securities dealt with or traded by the Company. xv. In our opinion and according to the explanations given to us, the Company has not given guarantee for loans taken by others from bank or financial institutions. xvi. In our opinion and according to the explanations given to us, On the basis of an overall examination of the Balance Sheet and Cash flow of the company, we report that no funds raised on short term basis have been used for long term investment. xvii. On the basis of an overall examination of the Balance Sheet and Cash Flows of the Company and the information and explanations given to us, we report that the Company has not utilized the funds raised on short- term basis for long term investment and vice-versa. xviii. 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 Companies Act, 1956. xiv. During the year covered by our audit report, the Company has not issued any debentures. xx. During the year covered by our audit report, the Company has not raised any money by way of a public issue during the year. xxi. Based on the audit procedures performed and information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the year. For: 0. P. BHANDARI & CO. Chartered Accountants (O.P. BHANDARI) Place : Ahmedabad Partner Date : 22nd August, 2009 Membership No. 34409