172@29@16@22!~!172@29@0@53!~!|commonstore|commonfiles|moneycontrol_header.php?cid=0&s_cid=0&radar_off=0&is_revamped_header=0&is_responsive=1&sec=PNC_ANNUALREPORT&priceinter=1&frommc=1!~!www|moneycontrol|com!~!|commonstore|commonfiles|moneycontrol_header.php!~!is_mobile=false
Moneycontrol
SENSEX NIFTY
you are here:

Sahil Financial Services Ltd.

BSE: 531203 | NSE: | Series: NA | ISIN: INE819G01012 | SECTOR: Finance - Investments

BSE Live

Aug 11, 16:00
54.70 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
2
10-Day
2
30-Day
528
1
  • Prev. Close

    54.70

  • Open Price

    54.70

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    53.05 (5)

Sahil Financial Services is not traded on BSE in the last 30 days

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)

Sahil Financial Services is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2009 2008 2007

Auditor's Report

We have audited the accompanying standalone financial statements of Brand Realty Services Ltd (the Company), which comprise the Balance Sheet as at 31st March, 2015, the Statement of Profit and Loss and Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information. Management,s Responsibility for the Financial Statements The Company,s Board of Directors is responsible for the matters stated in Section 134 (5) of the Companies Act, 2013 ( the Act) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with accounting principles generally accepted in India, including the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial control that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor,s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder. We conducted our audit in accordance with the Standards on Auditing, issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor,s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company,s preparation and fair presentation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company,s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall the presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for audit opinion. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Company as at March 31,2015, its profit, and its cash flows for the year ended on that date. Report on Other Legal and Regulatory Requirements: 1. As required by the Companies (Auditor,s report) Order, 2015 (the Order) issued by the Central Government of India in terms of subsection (11) of section 143 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order. 2. As required by section 143 (3) of the Act, we report that: a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit; b) In our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books; c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account; d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014; e) On the basis of written representations received from the directors as on March 31,2015, and taken on record by theBoard of Directors, none of the directors is disqualified as on March 31,2015, from being appointed as a director in terms of section 164 (2) of the Act; f) With respect to the other matters to be included in the Auditor,s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us: i. The Company does not have any pending litigation except the Lease hold Land where case is pending at Allahabad High Court as per explanation given by the management. Refer Note Number 28(d) of the Financial Statement. ii The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. ANNEXURE TO INDEPENDENT AUDITORS, REPORT OF BRAND REALTY SERVICES LIMITED FOR THE YEAR ENDED 31st MARCH, 2015. We report that: (i) (a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b) These fixed assets have been physically verified by the management during the year end and there is a regular program of periodical verification of all the fixed assets which in our opinion is reasonable. No material discrepancies were noticed on such verification and the same have been properly dealt with in the books of account. (ii) (a) Physical verification of inventory of flats/shops has been conducted at reasonable intervals by the management during the year. In our opinion the frequency of verification is reasonable. (b) The procedures of physical verification of inventory of flats/shops followed by the management reasonable and adequate in relation to the size of the company and the nature of its business. (c) The company is maintaining proper records of inventory of flats/shops and no material discrepancies were noticed on physical verification. (iii) The company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 189 of the Companies Act 2013. Accordingly, the provisions of clause 3(iii) (a) and (b) of the Order are not applicable to the Company and hence not commented upon. (iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, we have not observed any major weakness or continuing failure to correct any major weakness in the internal control system of the company in respect of these areas. (v) The Company has not accepted any deposits from the public. (vi) In our opinion, the Central Government has not specified the maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013 for any of the services of the company. (vii) (a) According to the information and explanations given to us, the company was generally regular in depositing dues in respect of statutory dues including provident fund, employees, state insurance, income-tax, wealth tax, service tax, cess and any other material statutory dues applicable to it. (b) According to the records examined by us and information and explanation given to us, there are no disputed amounts due in respect of income tax and other statutory dues at the period ending 31st March 2015 for a period of more than six months (c) As per the records, no amount was required to be transferred to investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956. Thus, part ( c) of clause (vii) of paragraph 3 of the Order is not applicable to the Company. (viii) The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and immediately preceding financial year. (ix) Based on our audit procedures and as per the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to financial institutations and bank. (x) According to the information and explanations given to us, the company has not given any guarantee for loans taken by others from bank or financial institutions. (xi) To the best of our knowledge and belief and according the information and explanations given to us, in our opinion fresh term loans availed by the Company were, prima-facie applied by the Company during the year for the purpose for which the loans were obtained. (xii) In our opinion and according the information and explanations given to us, no fraud on or by the company has been noticed or reported during the year that causes the financial statements to be materially missated. FOR R . RASTOGI & CO. Chartered Accountants, (Firm Registration No. 007527N) Sd/- Place: Delhi RAJESH RASTOGI Date : 29-05-2015 (Proprietor) M.No.86270