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Arihant Superstructures Ltd.

BSE: 506194 | NSE: ARIHANTSUP |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE643K01018 | SECTOR: Construction & Contracting - Real Estate

BSE Live

Dec 01, 14:16
179.50 8.70 (5.09%)
Volume
AVERAGE VOLUME
5-Day
76,360
10-Day
69,530
30-Day
48,661
64,002
  • Prev. Close

    170.80

  • Open Price

    172.50

  • Bid Price (Qty.)

    178.00 (1)

  • Offer Price (Qty.)

    179.15 (53)

NSE Live

Dec 01, 14:16
178.40 6.10 (3.54%)
Volume
AVERAGE VOLUME
5-Day
349,499
10-Day
307,469
30-Day
240,334
208,573
  • Prev. Close

    172.30

  • Open Price

    171.00

  • Bid Price (Qty.)

    178.65 (8)

  • Offer Price (Qty.)

    179.15 (208)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2008

Auditor's Report

1. We have audited the attached Balance Sheet of SHAKTIMAN CONSTRUCTIONS LTD. as at 31st March, 2008 and also the Profit & Loss A/c and 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 from any material misstatements. 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 managements 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) 01 Section 227 of the Companied Act, 1956, we enclose in the Annexure a statement on the matters specified therein. 4. Further to our comments in the Annexure referred to above, we report that: I. 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. II. In our opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of such books. III. The Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of accounts. IV. In our opinion, the Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub section 3 C of Sec. 211 of the Companies Act. 1956. V. On the basis of written representations received from Director as on 31st March, 2008 and taken on record by the Board of Directors, we report that none of the Directors are disqualified as on 31st March, 2008 from being appointed as a Director in terms of Clause (g) of sub section (1) of section 274 of the Companies Act, 1956. VI. In our opinion and to the best of our information and according to the explanations given to us, the said accounts subject to Note 2(h) regarding recover/ of loan from Anil Corporation and Suchit Bachalli and Ankohleys & Company read together with the notes thereon, gives the information required and give a true and fair view in conformity with the accounting principle generally accepted in India. a. In the case of the Balance Sheet of the state of affairs of the Company as on 31st March, 2008. b. In the case of Profit 8s Loss Account of the Profit for the year ended that date and c. In the case of Cash Flow statement, of the cash flow for the year ended on that date. ANNEXTURE TO THE AUDITORS REPORT (Statement referred to in paragraph 3 of our Report of even date on the Accounts of SHAKITIMAN CONSTRUCTIONS LIMITED (Formerly known as Shaktiman Mercantile Co. Ltd.) for the year ended 31st March, 2008.) 1) Since the Company is not having any fixed assets, clause No. 1 & 2 are not applicable. 2) The Inventory has been physically verified during the year by the Management. In our opinion, the frequency of verification is reasonable. 3) 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. 4) On the basis of our examination of the records of inventory, we are of the opinion that the Company is maintaining proper records of inventory. The discrepancy noticed on verification between the physical stocks and the book records were not material. 5) The Company has not taken any Loans from Companies, Firms and Other Parties covered in the Register maintained under section 301 of the Companies Act,1955. 6) The Company has not granted any loan to Companies, Firms and Other Parties covered in the Register maintained under section 301 of the Companies Act. 7) In our opinion the rate of interest and other terms and conditions on which loans have been taken from / granted to Companies, Firms or other parties listed in the register maintained under Section 301 are not prima facie, prejudicial to the-interest of the Company. However, no interest has been charged or granted on the above loans taken / granted. 8) The Company is regular in repaying the principal amounts as stipulated and has been regular in the payment of interest. The parties have repaid the principal amounts as stipulated and have been regular in the payment of interest. 9) There is no overdue amount of loans taken from or granted to Companies, Firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956. 10) In our opinion and according to the information and explanations given to us, there are adequate 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, no major weakness has been noticed in the internal controls. 11) Based on the audit procedures applied by us - and according to the information and explanations provided by the management, we are of the opinion that the transactions that need to be entered into the register maintained under Section 301 have been so entered. 12) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered in the registers maintained under Section 301 and exceeding the value of five lakh rupees in respect of any party during the year have been made at prices which are reasonable having regard to prevailing market prices at the relevant time. 13) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Sections 58A and 58AA of the Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules, 1975 with regards to the Deposits accepted from the public. No order has been passed by National Company Law Tribunal. However during the year under report the Company has not accepted Deposits under Sections 58A and 58M of the Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules, 1975. 14) In our opinion, the Company has an internal audit system commensurate with the size and nature of its business. 15) According to the records of the Company, The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, employees state insurance, income-tax, sales-tax, wealth-tax, excise duty, cess tax, custom duty, excise-duty, cess and other statutory dues applicable to it. 16) According to the information and explanations given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax, custom duty and excise duty were outstanding as at 31st March, 2008 for a period of more than six months from the date they became payable. 17) According to the records of the Company, there are no dues of sales tax, income-tax, customs tax/wealth-tax, excise duty / cess which have not been deposited on account of any dispute. 18) Based on our audit procedure and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues of a financial institution, Bank or debenture holders. 19) Based on our examination of documents and records, we are of the opinion that the Company has maintained adequate records where the Company has granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 20) Based on our examination of records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that the Company has held the shares, securities, debentures and other securities in its own name. 21) The Company has not given any guarantee for loans taken by others from Bank or Financial Institution. 22) The Company has not made preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act. 23) During the period covered by our audit report, the Company has issued debenture of Rs. NIL each. The Company has not created any security in respect of debentures issued. 24) Based upon 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 course of our audit. 25) Other clauses of the said order are not applicable to the Company. For J K Lahoti & Co Chartered Accountants Sd/- J K Lahoti Proprietor Place : Mumbai M. No. 16655 Date : 30/08/2008