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Inditrade Capital Ltd.

BSE: 532745 | NSE: | Series: NA | ISIN: INE347H01012 | SECTOR: Finance - General

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Oct 25, 16:00
32.10 -1.20 (-3.60%)
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30-Day
34,331
31,319
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Dec 27, 11:22
NT* 0.00 (0.00%)
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Inditrade Capital is not listed on NSE

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Auditor's Report

We have examined the attached Balance Sheet of M/s JRG Securities Limited as at 31st March, 2008 and the Profit & Loss Account for the year ended on that date annexed thereto and report that: 1. 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. 2. In our opinion, proper books of account and records as specified in Rule 15 of the Securities Contracts (Regulations) Rules, 1967 have been kept by the Company so far as it appears from our examination of the books. 3. The stock broker has complied with the requirements of the Stock Exchange so far as they relate to maintenance of accounts and was generally regular in submitting the required accounting information to the stock exchange. 4. The Balance Sheet and Profit and Loss Account referred to in this report are in agreement with the Books of Account. 5. In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the 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 the Balance Sheet, of the state of affairs of the company as at 31st March, 2008; and, ii. in so far as it relates to the Profit and Loss Account, of the Profit for the year ended on that date. Annuxre to the Auditors Report The Members of JRG Securities Limited Pala We have audited the attached Balance Sheet of M/s. JRG Securities Limited as at 31st March, 2008, the Profit and Loss Account and the Cash Flow Statement for the year ended on that date and 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. 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 disclosure 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 statements presentation. We believe that our audit provides a reasonable basis for our opinion. We report as under: 1. 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. 2. In our opinion, proper books of accounts as required by law have been kept by the Company so far as it appears from our examination of the books. 3. The Balance Sheet and Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. 4. In our opinion, the Balance Sheet and Profit & Loss Account and Cash Flow Statement dealt with by this report complies with the Accounting Standards referred to in Sub-section (3Q of Section 211 of the Companies Act, 1956. 5. On the basis of written representations received from directors as on 31st March 2008 and taken on record by the Board, 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 subsection (1) of section 274 of The Companies Act, 1956. 6. In our opinion and to the best of our information and according to the explanations given to us, 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 Balance Sheet, of the companys state of affairs as at 31st March, 2008; ii) in the case of Profit and Loss Account, 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. 7. In terms of Companies (Auditors Report) Order 2003, issued by the Government of India, in terms of section 227 (4A) of The Companies Act, 1956, we further report, on the matters specified in paragraph 4 and 5 of the said Order, to the extent applicable to the company, that:- 7.1 The company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets. 7.2 The fixed assets have been physically verified by the management during the year. We are informed that no serious discrepancies have been noticed by the management on such verification as compared to the aforesaid records of fixed assets. 7.3 During the year, there was no disposal of fixed assets. 7.4 The Company does not carry any stocks. 7.5 The Company has given following loans to the persons who are covered in the register maintained under Section 301 of The Companies Act, 1956. Name of the Party Relationship Amount (Rs.) JRG Wealth Subsidiary Management Limited company 4,94,48,916.16 JRG Fincorp Limited Subsidiary company 4,58,000.00 The terms and conditions of the above loan/advance is not prima facie prejudicial to the interests of the company. 7.6 The company has not taken any loan from companies, firms and other parties covered in the register maintained under section 301 of The Companies Act, 1956. 7.7 In our opinion and according to the information and explanations given to us there are adequate internal control system commensurate with the size of the company and the nature of its business with regard to the purchases of inventory, and fixed assets and for the sale of goods and services. 7.8 Since the company is not involved in manufacturing activities, no cost records has been maintained by the company as prescribed by the Central Government under section 209 (1) (d) of the Companies Act, 1956. 7.9 The particulars of contracts or arrangements referred to Sec 301 of the Act have been entered in the register required to be maintained under that Section. 7.10 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 register maintained under section 301 of the Act and exceeding the value of five lacs 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. 7.11 The company has not accepted any deposit from the public. 7.12 In our opinion, the company has an internal audit system commensurate with the size and nature of its business. 7.13 According to records of the company, the company is regular in depositing the undisputed statutory dues applicable to it. 7.14 According to the information and explanations given to us there are no undisputed amounts payable in respect of Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, K VAT, Wealth Tax, Service Tax, Customs Duty and Excise Duty which are outstanding as on 31st March, 2008, for a period of more than six months from the date they became payable. 7.15 According to the records of the company, there are no dues of Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty or Cess which have not been deposited on account of any dispute. 7.16 The Company does not have any accumulated losses at the end of the financial year and the company has not incurred any cash losses during the financial year covered by our audit and in the immediately preceding financial year. 7.17 The company has not taken any term loans during the year. 7.18 The company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 7.19 The company has not given any guarantee for loans taken by others from banks or financial institutions. 7.20 According to the information and explanations given to us, the company is not a chit fund or a nidhi/ mutualbenefit fund/ society. 7.21 According to the information and explanations given to us, the company is not dealing or trading in shares, securities, debentures and other investments. 7.22 Based on the examination of the balance sheet of the company as at 31st March, 2008, we report that the company has not applied any short term funds for long term investments. 7.23 The terms and conditions of preferential allotment of shares made -during the year are not prima facie prejudicial to the interests of the company. 7.24 The company has not issued any debentures during the year. 7.25 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. For JVR & Associates Chartered Accountants Jomon K. George Place : Kochi - 16 Partner Date : 27.05.08 M. No. : 202144