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Brijlaxmi Leasing & Finance Ltd.

BSE: 532113 | NSE: | Series: NA | ISIN: INE957E01031 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

May 15, 16:00
0.57 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
49
10-Day
320
30-Day
428
1
  • Prev. Close

    0.57

  • Open Price

    0.57

  • Bid Price (Qty.)

    0.57 (499)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

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

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Brijlaxmi Leasing & Finance is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2007

Auditor's Report

I have audited the attached Balance Sheet of BRIJLAXMl LEASING & FINANCE LTD. As at 31st March 2009 and Profit & Loss Account of the company for the year ended on that date. These financial statements are the responsibility of Companys management. My responsibility is to express an opinion on these financial statements based on my audit and reports that: I have conducted my audit in accordance with auditing standards generally accepted in India These standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examination on test basis, evidence supporting the amounts and disclosures in the overall financial statement. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion. 1 As required by the Companies (Auditors Report) Order, 2003 issued by the Company Law board in terms of section 22 (4A) of the companies Act 1956, The matter specified under paragraph 4 & 5 of Section 227 is not applicable to the Company in the said Order. 2 Further to my comments in the Annexure referred to the paragraph I above, I state that: a. I have obtained all the information and explanations, which to the best of my knowledge and belief were necessary for the purpose of my audit. b. In my opinion, proper books of accounts, as required by law, have been kept by the company so far as appears from my examination of such books. c. The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of accounts d. In my opinion the Balance Sheet and Profit and Loss Account complies with the mandatory Accounting Standards referred in section 211 (3C) of the Companies Act, 1956 e. On the basis of written representation received from the directors, as on 31st March 2009, and taken on record by the Board of Directors 1 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 274 of the Companies Act 1956. f. In my opinion and to the best of my information and according to explanations given to me, the said Balance Sheet and Profit and Loss Account read together with thereon give information required by the Companies Act, 1956. in the manner so required and give a true and fair view. i) In so far as it relates to Balance Sheet, of the State of Affairs of the Company as at 31st March, 2009. ii) In so fat it relates to Profit & Loss Account, of the Loss of the Company for the year ended on that date. 1. a) The company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets. b) The Fixed Assets have been physically verified by the management at reasonable intervals and no material discrepancies were noticed on such verification and if any noticed is dealt with properly in books. c) No substantial part of fixed assets has been disposed off during the year. 2. a) The company does not have opening stock as well as closing stock. So question of Physical verification of stocks does not arise. 3. a) The Company has both granted and taken unsecured loans from Companies, firms or other parties listed in the register maintained under section 301 of the Companies Act 1956. The rate terms & condition on which unsecured loan is granted or taken is not prejudicial to the interest of the company. 4. In my opinion and according to the information and explanations given me, there is an adequate internal control in general commensurate with the size of the Company and the nature of its business for purchase of inventory, fixed assets and also with regards to sale of goods through the personal supervision of the management. 5. a) In my opinion and according to the information and explanations given to me, the transactions that need to be entered in a register pursuance of section 301 of the Companies Act, 1956 have been entered. b) According to the information and explanations given to me, transactions made in pursuance of such contracts or arrangements entered into the register maintained under Section 301 of the Companies Act, 1956 and exceeding the value of rupees five lakhs in respect of any party have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. 6. The company has not accepted any deposits within the meaning of section 58A and 58AA of the Companies Act, 1956 and the rules framed there under, wherever applicable they have complied with it. No order has been passed by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any Tribunal. 7. The company is not listed on any stock exchange and the company does not have paid-up capital and reserves more than Rs.50 lakhs at the commencement of the financial year concerned. In my opinion, the company has an adequate internal audit system commensurate with the size and nature of its business. 8. I am informed that the Central Government has not prescribed the maintenance of the cost records by the company under section 209 (1) (d) of the Companies Act, 1956 for any of its products. . 9. a) As informed by the Management, the company is currently not covered under Provident Fund Act, Investor Education and Protection Fund and Employees State Insurance Act hence filing of dues with the appropriate authorities does not arise. b) The company has not discharged its liability towards payment of TDS as at the last day of the financial year for a period of more than six months from the date they became payable. 10. The company is registered for a period of more than five years 11. The company has not taken any loan from financial institution or bank or debenture holder during the year. 12. There are no loans or advances given on the basis of security or by way of pledge of shares, debentures and other securities. * 13. In my opinion and information and explanations given to me the company is not attracted by any special status applicable to chit fund. 14. I am informed that the company has not given any guarantee for loan taken by others from bank or financial institution. 15. The company has taken term loan(s) during the year & repaid in the same year, 16. The company has not made any preferential allotment to parties covered in the register maintained u/s 301 of the Act. 17. The company has not issued any debenture; hence the question of creating any securities does not arise. 18. The company has ,not made any public issue during the year; hence the disclosure of end use does not arise. 19. In my opinion and according to information and explanations given to me there was no fraud on or by the company noticed or reported during the year. For Dinesh C Bangar & Co Chartered Accountants Dinesh C Bangar Proprietor M No.036247 Place: Mumbai Date:28-08-09