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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 18, 14:18
6.11 -0.03 (-0.49%)
Volume
AVERAGE VOLUME
5-Day
58,693
10-Day
45,849
30-Day
80,061
34,364
  • Prev. Close

    6.14

  • Open Price

    6.10

  • Bid Price (Qty.)

    6.10 (1375)

  • Offer Price (Qty.)

    6.14 (71)

NSE Live

Sep 18, 14:18
6.20 0.05 (0.81%)
Volume
AVERAGE VOLUME
5-Day
290,486
10-Day
272,751
30-Day
277,010
167,576
  • Prev. Close

    6.15

  • Open Price

    6.15

  • Bid Price (Qty.)

    6.10 (27028)

  • Offer Price (Qty.)

    6.20 (8889)

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 SAKUMA EXPORTS LIMITED as at 31st March 2010, Profit and Loss Account and cash flow for the year ended on that date 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. 2) 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 disclosures 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. 3) As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government in Terms of Section 227 (4A) of the Companies Act, 1956 and on the basis of such checks and verification as were considered necessary, we report, in the Annexure hereto on the matters specified in the Paragraph 4 of the said order. 4) Further to our comments in the Annexure referred to above, we report that: a) 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; b) In our opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of those books; c) The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of accounts. d) In our opinion, the Balance Sheet and Profit & Loss Account dealt with by this report are in compliance with the Accounting standard referred to in Section 211 (3C) of the Companies Act, 1956. e) On the basis of written representations received from the Directors of the Company as at March 31, 2010 and taken on record by the Board of Directors, we report that no director is disqualified from being appointed as a Director of the company under clause (g) of subsection (1) of section 274 of the Companies Act, 1956. f) In our opinion and to the best of our information and according to the explanations given to us the above the said accounts together with the notes thereon, give the information required by the Companies Act, 1956 in the manner so required and gives true and fair view in conformity with the accounting principles generally accepted in India i) In the case of Balance Sheet, of the state of affairs of the Company as at 31st March, 2010 and ii) In the case of Profit & Loss Account of the Profit for the year ended on that date. iii) In case of Cash Flow of the cash flow for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2010 Annexure referred to in Paragraph 3 of our report of even date On the basis of such checks as we considered appropriate and in terms of information and explanations given to us, we state that: 1. a. According to information and explanations given to us by the management and records furnished before us, the Company has generally maintained proper records showing full particulars, including quantitative details and situation of fixed assets. b. We have been informed that, the fixed assets have been physically verified by the Management at reasonable intervals. In our opinion, the frequency of verification is reasonable with regard to the size of the company and nature of assets. According to information and explanations given to us by the management, no material discrepancy was noticed on such verification. c. According to information and explanations given to us by the management and records furnished before us, during the year the company has not disposed off a substantial part of its fixed assets and accordingly it has no effect on the going concern of the company. 2. a. According to information and explanation given to us by the management and records furnished before us, Inventory of Finished Goods and Raw Materials have been physically verified by the management at reasonable intervals. b. In our opinion, procedure of physical verification is reasonable and adequate with regards to size of the company and nature of its business. c. According to information and explanations given to us by the management and records furnished before us, the Company has generally maintained proper records of Inventories and no material discrepancies have been noticed. 3. a) According to the information and explanations given to us and on the basis of records furnished before us, the company has not granted any loans to parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly Clause 4(iii)(a), (b), (c), and (d) of Companies (Auditors Report) Order, 2003 is not applicable. b) According to the information and explanation given to us and records furnished before us for verification, during the year under consideration the company has not taken any loan from parties covered in the register maintained under section 301 of the Act. Accordingly Clause 4(iii)(e), (f), and (g) of Companies (Auditors Report) Order, 2003 is not applicable. 4. According to the information & explanations given to us, in our opinion there is an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of Fixed Assets, Inventory and sale of goods. On the basis of our examination of books and records of the company, we have neither come across nor have been informed of any continuing failure to correct major weakness in the internal control. 5. a. In our opinion and according to the information and explanation given to us, the particulars of contract or arrangements that were required to be entered in the register maintained under Section 301 of the Companies Act 1956 have been so entered in the said register. b. In respect of the transactions made in pursuance of such contracts or arrangements exceeding value of Rupees five lakhs entered into during the financial year, in our opinion, are made at price which is reasonable having regard to the prevailing market prices at the relevant time. 6. The company has not accepted any deposits from the public hence Clause 4(vi) of Companies (Auditors Report) Order, 2003 is not applicable. 7. According to information and explanations given to us the internal audit functions carried out during the year by a firm of Chartered Accountants appointed by the management have been commensurate with the size of the Company and the nature of its business. 8. According to the information and explanations given to us, the Central Government has not prescribed maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 in respect of the products dealt with by the company. 9. a. According to the information and explanations given to us and records examined by us, the Company is generally regular in depositing undisputed statutory dues including provident fund, investor education and protection fund, employees state insurance, income tax, sales tax, wealth tax, custom duty, excise duty, service tax, cess and other dues with the appropriate authorities except few delays in payment of Sales Tax, Tax Deducted at Source, Provident Fund.. However there were no amounts outstanding beyond six months at the end of the year. b. According to information & explanation given to us and the records of the Company, the following dues of Sales tax, Income Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty and Cess that have not been deposited on account of dispute or are partially deposited under protest. Statute & Nature of dues Amount not Forum where dispute is Period Deposited Rs. pending Income Tax 2.46 Lacs 1st Appellate Authority A.Y 2002-03 Income Tax 32.61 Lacs 1st Appellate Authority A.Y. 2005-06 Income Tax 0.20 Lacs* 1st Appellate Authority A.Y 2006-07 * Demand is after adjusting refund of Rs.0.57 Lacs 10. The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses during the current and immediately preceding financial year. 11. As per the information and explanations given to us, the Company has not defaulted in repayment of dues to banks or financial institutions during the year. The Company has not borrowed any sums through debentures. 12. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. In our opinion, the company is not chit fund, nidhi, mutual fund, and societies. Accordingly clause 4(xiii) of Companies (Auditors Report) Order, 2003 is not applicable. 14. According to Information and explanation given to us and records examined by us, in our opinion the company has maintained proper records and contracts with respect to investments and has made timely entries therein of investment in Mutual Funds, Gold and other investments. Investments are held in the name of the company. 15. According to information and explanations provide to us, the company has not given any guarantee for loans taken by others from bank or financial institutions. Accordingly Clause 4(xv) of Companies (Auditors Report) Order, 2003 is not applicable. 16. According to information and explanations given to us by the management and records furnished before us, during the year company has not taken any term loan. Accordingly clause 4(xvi) of Companies (Auditors Report) Order, 2003 is not applicable. 17. According to the information and explanations given to us and overall examination of records furnished before us, funds raised on short-term basis have not been prima-facie used for long-term investment. 18. During the period, the company has not made allotment of shares on preferential basis to parties and companies covered in the registered maintained under section 301 of the Act hence Clause 4(xviii) of Companies (Auditors Report) Order, 2003 is not applicable. 19. During the period, the Company has not issued any debentures. Accordingly Clause 4(xix) of Companies (Auditors Report) Order, 2003 is not applicable. 20. The company has not raised any money by public issue during the year under audit. Accordingly Clause 4(xx) of Companies (Auditors Report) Order, 2003 is not applicable. 21. During the course of our examination of the books and records of the company, carried out in accordance with generally accepted auditing practices in India, and according to the information and explanation given to us, we have neither come across any instance of fraud on or by the company noticed or reported during the period nor we have been informed of such instances by the management. For A. R. SODHA & CO. Chartered Accountants, (A. R. SODHA) Partner. M. No. 31878 Place: Mumbai. Date : 19th July2010