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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

Oct 01, 10:22
5.98 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
107,261
10-Day
80,359
30-Day
85,863
9,058
  • Prev. Close

    5.98

  • Open Price

    5.94

  • Bid Price (Qty.)

    5.98 (216)

  • Offer Price (Qty.)

    6.03 (883)

NSE Live

Oct 01, 10:21
5.95 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
298,313
10-Day
250,186
30-Day
298,561
23,119
  • Prev. Close

    5.95

  • Open Price

    5.95

  • Bid Price (Qty.)

    5.95 (6348)

  • Offer Price (Qty.)

    6.05 (24954)

Annual Report

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

Auditor's Report

We have audited the accompanying Financial Statements of Sakuma Exports Limited (''the Company'') which comprises the Balance-sheet as at 31st March, 2015, Statement of Profit and Loss and the Cash flow Statement for the year then ended and a summary of Significant Accounting Policies and Other Explanatory Information. 2. 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 and presentation 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 the 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 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 design, implementation and maintenance of adequate internal financial controls, 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. 3. 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 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 misstatements. 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 judgment, 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 financial control relevant to the Company''s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company''s Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. 4. Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements read together with Significant Accounting Polices and Notes on accounts 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 31st March, 2015 and its profit and its cash flows for the year ended on that date. 5. Report of the Other Legal and Regulatory Requirements As required by the Companies (Auditor''s Report) Order, 2015 (''the Order'') issued by the Central Government of India in terms of sub-section (11) of Section 143 of the Act, we give in the Annexure, a statement on the matters specified in the paragraphs 3 and 4 of the Order to the extent applicable. 6. As required by Section 143(3) of the Act, we report that, i. 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; ii. 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; iii. The Balance Sheet, the Statement of Profit & Loss and the Cash Flow statement dealt with by this report are in agreement with the books of account; iv. 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; v. On the basis of written representations received from the directors, as on 31st March 2015 and taken on record by the Board of Directors, none of the directors are disqualified as on 31st March, 2015 from being appointed as a director in terms of section 164(2) of the Act; and vi. 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 litigations which would impact its financial position ii. The company has made provision, as required under the applicable law or accounting standards, for material forseeable losses, if any, on long term contracts including derivative contracts. iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company. The Annexure referred to in our Independent Auditors'' Report to the members of the Company on the financial statements for the year ended 31st March, 2015, we report that: 1) a) According to information and explanations given to us, the Company has maintained proper records with respect to its 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. 2) a) According to information and explanations given to us by the management and records furnished before us, Inventories 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) According to the information and explanations given to us, the Company has not granted any loan, 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 3 (iii) (a) and (b) of the Companies (Auditor''s Report) Order, 2015 is not applicable to the company. 4) 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 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 any continuing failure to correct any major weakness in the internal control system of the company. 5) The company has not accepted any deposits from the public and consequently, the directives issued by Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the rules framed there under with regard to the deposits accepted from the public are not applicable. 6) According to the information and explanations given to us, the Central Government has not prescribed maintenance of cost records under sub section (1) of section 148 of the Companies Act, 2013 in respect of the products dealt with by the company. 7) a) According to the information and explanations given to us and on the basis of our examination of the records of the company, the Company is generally regular in depositing undisputed statutory dues including provident fund, employees'' state insurance, income-tax, sales-tax, service tax, customs duty, excise duty, cess and other dues with the appropriate authorities except few delays in payment of tax deducted at source. b) According to the information and explanations given to us, no statutory dues are outstanding, as on March 31, 2015, beyond six months from the date they become payable. c) According to the information and explanations given to us and the records of the Company, there are no dues of sales tax, income tax, service tax, custom duty, excise duty and cess that have not been deposited on account of disputed or are partially deposited under protest except as mentioned herein below: Statute & Nature of Amount in Amount not Forum where Period dispute is dues Dispute '' Deposited '' pending Income Tax 14.60 Lacs NIL 1st Appellate A.Y Authority 2009-10 d) According to the information and explanations given to us, the amount required to be transferred to investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made thereunder has been transferred to such fund within time. 8) The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses during the current year and in the immediately previous financial year. 9) As per the information and explanations given to us, the Company has not defaulted in repayment of dues to banks or financial institutions banks during the year. 10) As per the information and the explanations given to us, the Company has not given any guarantee for loans taken by others from bank or financial institutions. Accordingly clause 3 (x) of the Companies (Auditor''s Report) Order, 2015 is not applicable to the company. 11) As per the information and the explanations given to us, the Company has not obtained any term loan from bank or financial institution. Accordingly the provisions 3 (xi) of the Companies (Auditor''s Report) Order, 2015 is not applicable to the company. 12) 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 year nor we have been informed of such instances by the management. For SNK & Co. Firm registration no.:109176W Chartered Accountants Sd/- Sanjay Kapadia Place: Mumbai Partner Date: 15-05-2015 Membership No.:38292