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SAKUMA EXPORTS LTD. Ltd.

BSE: 532713 | NSE: SAKUMA |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE190H01024 | SECTOR: Miscellaneous

BSE Live

Sep 29, 10:23
6.11 0.14 (2.35%)
Volume
AVERAGE VOLUME
5-Day
119,741
10-Day
84,208
30-Day
87,925
46,765
  • Prev. Close

    5.97

  • Open Price

    6.15

  • Bid Price (Qty.)

    6.05 (200)

  • Offer Price (Qty.)

    6.15 (100)

NSE Live

Sep 29, 10:21
6.05 0.05 (0.83%)
Volume
AVERAGE VOLUME
5-Day
312,672
10-Day
284,042
30-Day
314,626
110,816
  • Prev. Close

    6.00

  • Open Price

    6.20

  • Bid Price (Qty.)

    6.05 (3028)

  • Offer Price (Qty.)

    6.15 (5858)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

1. We have audited the attached Balance Sheet of MESSRS SAKUMA EXPORTS LIMITED as at 31st March 2008 and also the annexed Profit and Loss Account and the Cash Flow Statement of the company for the year ended on that date. 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. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on test basis, evidence supporting the amount and disclosure in financial statements. An audit also include assessing the accounting principal used and significant estimates made by management, as well as evaluating the over all financial statements presentation. We believe mat our audit provides reasonable basis for opinion. 3. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government in terms of sub-section (4 A) Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraph 4 and 5 of the Said Order. 4. Further to comments in the Annexure referred to above, we report that: i) We have obtained all the information and explanation, which to the best of our knowledge and belief were necessary tor the purpose of our audit. ii) In pur opinion, proper books of account as required by law have been kept by the company, so far as appears from our examinations of such books. iii) The Balance Sheet, the Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of accounts. iv) The Balance Sheet, the Profit and Loss account and Cash Flow Statement comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956. v) In our opinion and according to the information provided to us, none of directors of the company is disqualified to appointment as director of the company as per the provision of Section 274(l)(g) 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 statement of accounts together with the notes and schedules annexed thereto and forming part thereof, gives the information required by the Companies Act, 1956, in the manner so required and give a true and fair view: (a) In so far as it relates to the Balance Sheet, of the State of Affairs of the company as at 31st March, 2008. (b) In so far as it relates to the Profit and Loss Account, of the PROFIT of the company for the year ended on thai date. (c) IN so far as it relates to cash flow of the company for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT Referred to in paragraph 3 of our report of even date, i. In respect of its Fixed Assets: (a) The Company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets. (b) The fixed assets are physically verified by the management, which in our opinion is reasonable having regard to the size of the company and the nature of its assets. Pursuant to above verification no material discrepancies between the book records and the physical inventory have been noticed. (c) No substantial part of the fixed assets has been disposed off by the Company during the year. ii. In respect of its Inventory: (a) As explained to us, the inventory has been physically verified by the management at the end of the year. (b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the management were reasonable and adequate in relation to the size of the Company and the nature of its business. (c) In our opinion and according to the information and explanations given to us, Company has maintained proper records of stock and no material discrepancies were noticed on physical verification. iii. According to the information and explanations given to us, the Company has not granted or taken secured or unsecured loans to/fromcompanies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. iv. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures 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. During the course of our audit no major weaknesses has been noticed in the internal controls. v. (a) According to the information and explanation given to us, we are of the opinion that the transactions that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered. (b) In our opinion and according to the information and explanations given to us, the company has not made any transactions exceeding the value of Rs. five lacs with any party listed in the register maintained under section 301 of the Companies Act, 1956. Accordingly, clause 4 (v) (b) of the Companies (Auditors Report) Order, 2003 is not applicable. vi. The company has not accepted any deposits from the public within the meaning of Section 58A and 58AA of the Act and the rules framed there under. vii. In our opinion, the company has an internal audit system commensurate with the size and nature of its business. viii. The company is not engaged in manufacturing activities; hence the maintenance of cost records in accordance with section 209(l)(d) of the Companies Act, 1956, is not applicable. ix. (a) According to the information and explanations provided to us, the company is generally regular in depositing with appropriate authorities undisputed amount of income-tax, sales-tax, wealth-tax, customs duty, excise duty, cess and other material statutory dues applicable to it and no undisputed amounts payable were outstanding as at 31st March, 2008 for a period of more than six months from the date they became payable. We have been explained that Employees Provident Fund & Miscellaneous Provisions Act, 1952 and Employees State Insurance Act, 1948 are not applicable to the company. (b) According to the records dues of income-tax has not been deposited on account of any dispute in as follows: Statue Names of Dues Amount (Rs.) Forum where the dispute is pending Income Tax Act, 1961 For A. Y 2002-03: 2,45,931 /- Chief Commissioner of Income Tax Interest levied by the department Further, there is no other dues in respect of sales-tax, customs duty, wealth tax, excise and cess that have not been deposited on account of any dispute. x. The company has no accumulated losses as at March 31, 2008 and it has not incurred any cash losses in the financial year ended on that date or in the immediately preceding financial year. xi. According to records of the company examined by us and the information and explanation given to us, the company has not defaulted in repayment of dues to any financial institution or bank or debenture holders as at the balance sheet date. xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. xiii. The provisions of any special statute applicable to chit fund/ nidhi / mutual benefit fund/ societies are not applicable to the Company. xiv. The nature of companys business / activities during the year does not include dealing in shares, securities, debentures or other investments; hence the requirement of offering comments on this clause is not applicable. xv. In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by others, from banks or financial institutions during the year. xvi. According to the information and explanations given to us, the Company has not availed any term loans during the period under review. xvii. On the basis of an overall examination of the balance sheet of the company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short-term basis which have been used for long-term investment. xviii.The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Act during the year. xix. No debentures have been issued by the Company during the year. xx. The Company has not raised any money by public issues during the year. xxi. During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted audited practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the management. For and on behalf of MITTAL & ASSOCIATES Chartered Accountants M. Mehta Partner M. No. 42990 Place : Mumbai Dated : 23.06.2008