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Kalyani Investment Company Ltd.

BSE: 533302 | NSE: KICL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE029L01018 | SECTOR: Finance - Investments

BSE Live

Nov 26, 16:00
1918.00 -44.90 (-2.29%)
Volume
AVERAGE VOLUME
5-Day
188
10-Day
149
30-Day
172
15
  • Prev. Close

    1962.90

  • Open Price

    1986.80

  • Bid Price (Qty.)

    1918.00 (7)

  • Offer Price (Qty.)

    1918.00 (5)

NSE Live

Nov 26, 15:50
1924.55 -59.70 (-3.01%)
Volume
AVERAGE VOLUME
5-Day
1,115
10-Day
835
30-Day
1,023
918
  • Prev. Close

    1984.25

  • Open Price

    1950.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Auditor's Report

I have audited the attached Balance Sheet of Kalyani Investment Company Limited as at 31st March, 2011 and also the Profit and Loss Account and the Cash Flow Statement for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Company''s management. My responsibility is to express an opinion on these financial statements based on my Audit. 1. I conducted my audit in accordance with auditing standards generally accepted in India. Those Standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An Audit includes examining, on a test basis, evidence supporting the amounts and disclosures in 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. I believe that my audit provides a reasonable basis for my opinion. 2. As required by the Companies (Auditors'' Report) Order, 2003, read with the Companies (Auditor''s Report) (Amendment) Order, 2004, both issued by the Central Government in terms of Section 227(4-A) of the Companies Act, 1956, I enclose in the Annexure, a statement on the matters specified in the said Order. 3. Further to my comments in the Annexure referred to in paragraph ''2'' above : (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 account, as required by law have been kept by the Company so far as appears from my examination of the books. (c) The Balance Sheet and Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. (d) In my opinion, the Balance Sheet and Profit and Loss Account and Cash Flow Statement dealt with by this report, comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956. (e) On the basis of the written representations received from the Directors as at 31st March, 2011 and taken on record by the Board of Directors, I report that none of the Directors of the Company, was disqualified as at 31st March, 2011, from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956. (f) As explained to me by the Management, the Company could not pay the cess payable under Section 441A of the Companies Act, 1956, for want of notification of the rate and effective date by the Central Government. (g) In my opinion and to the best of my knowledge and belief and according to the explanations given to me, the accounts read with the notes thereon, 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 so far as it relates to the Balance Sheet, of the state of the Company''s affairs as at 31st March, 2011; (ii) In so far as it relates to the Profit and Loss Account, of the profit of the Company for the financial year ended on that date. (iii) In so far as it relates to the Cash Flow Statement, of the Cash Flows of the Company, for the financial year ended on that date. Annexure referred to in Paragraph 2 of the Auditor''s Report on the Accounts of KALYANI INVESTMENT COMPANY LIMITED for the year ended 31st March, 2011 On the basis of such checks as were considered appropriate and in accordance with the information and explanations given to me, I report as under : i) Since the Company does not own any fixed assets, the provisions of Clause No.4(i) of the Order do not apply to the Company. ii) Since the Company does not carry any inventory, the provisions of Clause No.4(ii) of the Order do not apply to the Company. iii) The Company has not granted or taken any loans to or from companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Hence, the provisions of Clause No.4(iii) of the Order do not apply to the Company. iv) Since the Company is a Core Investment Company not carrying any inventory or fixed assets, the provisions of Clause No.4(iv) of the Order do not apply. v) The Company has not carried out any transactions in pursuance of contracts or arrangements required to be entered in the register maintained under Section 301 of the Companies Act, 1956. vi) The Company has not accepted deposits from the public within the meaning of Sections 58A or 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed, thereunder. vii) In my opinion, the Company has an internal audit system commensurate with its size and the nature of its business. viii) The Central Government has not prescribed maintenance of cost records under Section 209(l)(d) of the Companies Act, 1956 for the business in which the Company is engaged. ix) (a) According to the records of the Company, the Company is regular in depositing with appropriate authorities, undisputed statutory dues including Income Tax, other taxes, cess and statutory dues applicable to it. As explained to me by the Management, the provisions of the Employees'' Provident Fund and Miscellaneous Provisions Act, 1952 and the Employees'' State Insurance Act, 1948 do not apply to the Company. According to the information and explanations given to me, no undisputed amounts payable in respect of Income Tax, Wealth Tax, Sales Tax, Custom Duty, Cess were outstanding as at 31st March, 2011 for a period of more than six months from the date those became payable. (b) According to the records of the Company, there are no dues of Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Cess which have not been deposited on account of any dispute. x) The Company does not have any accumulated losses as at 31st March, 2011 and has not incurred any cash loss in the year. xi) The Company has neither borrowed any moneys from any financial institution or bank; nor issued any debentures. Hence, the provisions of Clause No.4(x) of the Order do not apply to the Company. xii) According to the information and explanations given to me, the Company has not given any loans or advances on the basis of security by way of pledge of shares, debentures or other securities. xiii) The Company is not a chit fund, nidhi or mutual benefit fund / society. Therefore, the provisions of Clause No.4(xiii) of the Order do not apply to the Company. xiv) According to the information and explanations given to me, the Company is a Core Investment Company and does not deal or trade in shares, debentures, securities and other investments. Therefore, the provisions of Clause No.4(xiv) of the Order do not apply to the Company. xv) According to the information and explanations given to me, the Company has not given any guarantee for loans taken by others from bank or financial institutions. xvi) Since the Company has not raised any term loans, the provisions of Clause No.4(xvi) of the Order do not apply to the Company. xvii) According to the information and explanations given to me and on an overall examination of the balance sheet of the Company, I report that no long term funds have been used to finance short term assets. Similarly, no funds raised on short term basis have been used for long term investments. xviii) The Company has not made any preferential allotment of shares, within the meaning of Section 81(1A) of the Companies Act, 1956, to parties and companies covered in the register maintained under Section 301 of the said Act. xix) Since the Company has not issued any secured debentures, during the period covered by this report, the Clause (xix) of the Order does not apply to the Company. xx) Since the Company has not raised any money by public issues during the period, Clause (xx) of the Order, does not apply to the Company. xxi) Based upon the audit procedures performed and the information and explanations given by the Management, I report that no fraud on or by the Company has been noticed or reported during the course of my audit. P. V. Deo Chartered Accountant Membership No.41609 Pune 25th May, 2011