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Stampede Capital Ltd.

BSE: 531723 | NSE: SCAPDVR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE224E01036 | SECTOR: Finance - Investments

BSE Live

Jun 07, 16:00
0.66 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
8,957
10-Day
5,959
30-Day
31,873
22,820
  • Prev. Close

    0.66

  • Open Price

    0.66

  • Bid Price (Qty.)

    0.66 (40400)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 26, 15:31
0.80 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
419,003
10-Day
251,089
30-Day
143,802
316,594
  • Prev. Close

    0.80

  • Open Price

    0.80

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Stampede Capital is not traded on NSE in the last 30 days

Annual Report

For Year :
2016 2015 2014 2011 2010 2009 2008 2007

Auditor's Report

We have audited the attached Balance Sheet of M/s Brilliant Securities Limited as at 31st March, 2008, annexed Profit and Loss Account for the year ended on that date, and also the Cash Flow Statement 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. We conducted our audit in accordance with the 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 from any material misstatements. 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 1. As required by the Companies (Auditors Report) Order, 2003 and Companies (Auditors Report) (Amendment) Order, 2004, issued by the Central Government in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order wherever applicable. 2. Further to our comments in the Annexure referred to in the paragraph 1, 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, the company as required by law has kept proper books of accounts so far as it appears from the examination of such books c) The Balance Sheet, Profit and Loss account and Cash Flow Statement dealt with by this report are in agreement with the books of account of the Company d) In our opinion, the Balance Sheet, 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 3. On the basis of the written representations received from the Directors as on March 31, 2008 and taken op record by the Board of Directors, we report that none of the directors of the Company is disqualified from being appointed as Directors of the company under clause (g) of Sub section (1) of section 274 of the Companies Act, 1956. 4. In our opinion and to the best of our information and according to the explanations given to us, the said accounts together with the notes thereon, give the information required under the Companies /Vet 1956, in the manner so required and give a true and fair view in conformity with the generally accepted accounting principles In India: (i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2008; (ii) in the case of the Profit and Loss Account of the loss for the year ended on that date subject to (1) In the case of the bad debts written off of Rs. 25.40,940 the non- recoverability is as certified by the management and approved by the audit committee. (2) The cost of stock exchange membership cards of Rs. 61,20,000 was written off. The Company explains that it followed prudential norms in writing off the cost. (3) The basis for sale price of investment is as certified by the management and reviewed by the audit committee; (iii) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date; Annexure referred to the auditors report of even date on the financial statements for the year ended 31st March, 2008 of M/s Brilliant Securities Limited (i) (a) The Company has maintained proper records showing full particulars including quantitative details of fixed assets; (b) All the assets have been physically verified by the management at reasonable intervals. In our opinion the frequency of the verification is reasonable. To the best of our knowledge, no material discrepancies were noticed on such verification; (c) As per the information and explanation given to us/ during the year the Company has not disposed off any substantial part of its fixed assets so as to affect its going concern; (ii) According to the information and explanations given to us, the Company has not granted or taken any loan, secured or unsecured, to/from companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956; (iii) In our opinion and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the Company and the nature of its business with regard to purchase of equipments and other assets; (iv) According to the information and explanations given to us, we are of the opinion that transactions that need to be entered into the register maintained under section 301 of the Companies Act, 1956, have been so entered; (v) In our opinion and according to the information and explanations given to us, there are no transactions of purchase of goods & material and sale of goods, materials & service made in pursuance of contracts or arrangement required to be entered in the register maintained under section 301 of the Companies Act, 1956; (vi) The Company has not accepted any deposits from the public and hence directives issued by the Reserve Bank of India and the provisions of section 58A and 58AA of the Companies Act, 1956 and rules framed there under are not applicable for the year under audit; (vii) The Company has an Internal Audit system commensurate with its size and nature of its business; (viii) a) The Company is regular in depositing undisputed statutory dues with the appropriate authorities; b) Accordingly to information and the explanation given to us, there are no undisputed amounts payable in respect of such statutory dues, which were outstanding as at 31.03.2008 for a period of more than six months form the date they become due; c) According to the information and the explanation given to us, there are no statutory dues, which have not been deposited on account of any disputes; (ix) The accumulated losses of the Company at the end of the financial year are more than 50 % of the net worth. The Company had incurred cash losses of Rs. 2,22,66,135 during the current financial year, (x) Based on our audit procedures and the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to banks; (xi) According to the information and the explanations given to us, the Company has not granted any loans or advances on the basis of security by way of pledge of shares, debentures or any other securities; (xii) The Company has maintained proper records of transactions in respect of trading in shares, debentures and other securities and timely entries have been made therein. The investments have been held by the Company in its own name; (xiii) According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from any bank or financial institution; (xiv) The Company has not availed any term loans during the year; (xv) The Company has not used the funds raised on short term basis for long term Investment and vice versa; (xvi) During the year the Company has not made any preferential allotment of shares to parties and Companies covered under Section 301 of the Companies Act, 1956; (xvii) The Company has not issued any debentures during the year. Hence Clause 4 of (xix) of the Companies (Auditors Report) order, 2003 is not applicable to the company; (xviii) The Company has not raised any money through public issue of its securities during the year, and the question of end use of such money does not arise during the year; (xix) According to the information and explanations furnished to us, and based on the audit procedures generally adopted by us, we report that, during the year, no fraud on or by the Company has noticed or reported that is either significant or could have caused a material misstatement in the financial statements. For M/S.KATRAPALLI& CO Chartered Accountants Place: Secunderabad K.K.GUPTA, FCA Date : 30.06.2008 Proprietor