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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

1. We have audited the attached Balance Sheet of M/S. BRILLIANT SECURITIES LIMITED as at March 31, 2009, the Profit and Loss Account for the year ended on that date and 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. 2. We have conducted our audit in accordance with generally accepted auditing standards in India. These Standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free of 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 management, as well as evaluating the overall financial statements. 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 of India in terms of Section 227(4A) of The Companies Act, 1956, of India (the Act) and on the basis of such checks as we considered appropriate and according to the information and explanations given to us, we set out in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. 4. Further to our comments in the Annexure referred to in paragraph 3 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 purposes 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 and Loss Account dealt with by this report are prepared in accordance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956. d) On the basis of written representations received from the directors as on 31* March, 2009 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31 March, 2009 from being appointed as a Director in terms of Clause (g) of Sub-section (1) of Section 274 of the CompaniesAct, 1956. e) The Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of accounts. f) The Company has neither paid nor provided for the Cess payable under Section 441A of the Companies Act, 1956 since the aforesaid section is not yet been made effective by the Central Government. g) 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/attached thereto give in the prescribed manner the information required by the Act and also give a true and fair view in conformity with the accounting principles generally accepted in India: i) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2009. ii) in the case of the Profit and Loss Account, of the Loss for the year ended on that date. iii) in the case of the Cash Flow Statement, of the cash flow for the year ended March 31, 2009 ANNEXURE TO THE AUDITORS- REPORT REFERRED TO IN PARAGRAPH (3) OF OUR REPORT OF EVEN DATE TO THE MEMBERS OF M/S. BRILLIANT SECURITIES LIMITED 1. a) The Company has maintained records showing full particulars including quantitative details and situation of Fixed Assets. b) As per the information & explanations given to us, the Management has carried out physical verification of Fixed Assets at reasonable intervals and as informed to us, no material discrepancies were noticed by the management on such verification. c) No part of the fixed assets has been disposed off during the year. 2. As per the information & explanations given to us, the Companys business does not involve maintenance of inventories. Accordingly, para 4 (ii) (a), (b) & (c) of the Companies (Auditors Report) Order, 2003 is not applicable. 3. The company has not granted loans secured or unsecured to any parties covered in the Register maintained under Section 301 of the Companies Act, 1956. Hence Clauses 4(iii)(b), 4 (iii)(c) and 4 (iii)(d) of the Companies (Auditors Report) Order, 2003 are not applicable. The Company had taken unsecured loan from one party (amounting to Rs.105 Lakhs) covered in the register maintained under Section 301 of the CompaniesAct, 1956. As per the information & explanations given to us, the loan taken from the party referred in para above is interest free and there are no terms & conditions which are prima facie prejudicial to the interest of the Company. 4. 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 fixed assets and for the sale of services. There are no instances of continuing failure to correct major weaknesses in internal control. 5. a) As per the information & explanations given to us, the company has entered the details of transactions in the Register that needs to be maintained in Section 301 of the CompaniesAct, 1956. b) In our opinion and according to the information and explanations given to us, there are no transactions of purchase of goods and material and sale of goods, materials & service made in pursuance of contracts or arrangement required to be entered in the register maintained undersection 301 of the Act. 6. The Company has not accepted any deposits from the public and consequently, the directives issued by the Reserve Bank of India, the provisions of Sections 58A, 58AA, or any other relevant provision of the Companies Act, 1956 and the rules framed there under are not applicable. 7. In our opinion, the company has Internal Audit system commensurate with the size and nature of its business. 8. The maintenance of Cost Records has not been prescribed by the Central Government u/s209 (1) (d) of the Act to this Company. 9. As explained to us, PF & ESI Acts are not applicable to the Company. As on the last day of the financial year, there are no undisputed statutory dues outstanding which were due for more than six months from the date they became payable. 10. The Companys accumulated losses at the end of financial year are more than 50% of its net worth. Further, the Company had incurred cash losses of Rs.32.59 Lakhs during the current financial year. 11. The Company had not defaulted in repayment of dues to Financial Institutions or Banks. 12. The Company had not granted any Loans and Advances on the basis of security by way of pledge of shares, debentures or other securities. 13. In our opinion and according to the information and explanations given to us, the company is not a chit fund or a Nidhi mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the companies (Auditors Report) order, 2003 are not applicable to the company 14. 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. 15. 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. Accordingly, clause 4(xv) of the order is not applicable. 16. The Company had not availed any term loans during the year under review. 17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that no funds raised on short-term basis have been used for long-term investment. 18. The Company has not made any preferential allotment of shares to any party covered in the Register maintained under Section 301 of the Companies Act, 1956. 19. No debentures were issued by the Company and hence clause 4 (xix) of the Order is not applicable. 20. The company has not raised any money by public issue during the year under review and hence, clause 4 (xx) of the Order is not applicable. 21. According to the information and explanations given to us and the books and records examined by us in the normal course of audit and to the best of our knowledge and belief, we state that during the year under audit, the company has not noticed or reported any fraud on or by the company. For Sarath & Associates Chartered Accountants CA G. L. N. Prasad Partner M. No. 214735 Place: Hyderabad Date : 13.06.2009