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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 BRILLIANT SECURITIES LIMITED (the Company) as at March 31, 2010, the Profit and Loss Account 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. 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 (the Order), issued by the Central Government of India in terms of section 227 (4A) of The Companies Act, 1956 (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 account as required by law have been kept by the Company, so far as appears from our examination of these books. (c) The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report a re in agreement with the books of account. (d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956, to the extent applicable. (e) On the basis of written representations received from the directors as on 31st March, 2010, and taken on record by the Boards of Directors, we report that none of the rs is disqualified as on 31st March, 2010 from being appointed as a director in clause (g) of sub- section (1) of section 274 of the Companies Act, 1956. (f) The Company has neither paid nor provided for the Cess payable under Section 441 A 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 and accounting policies thereon 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: (i) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2010; (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 flows for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT REFERRED TO IN PARAGRAPH - 3 OF OUR REPORT OF EVEN DATE ON THE ACCOUNTS OF BRILLIANT SECURITIES LIMITED FOR THE YEAR ENDED 31 ST MARCH, 2010 1 a. The Company has maintained proper records showing full particulars including quantitative details and situation of Fixed Assets. b. As per the information and explanations given to us, the Management has carried out physical verification of Fixed Assets at the year end, which is considered reasonable and as informed to us, no material discrepancies were noticed on such verification. c. The Fixed Assets disposed off during the year did not represent substantial part of fixed assets of the Company, which will affect the going concern status of the Company. 2. As per the information and explanations given to us, as the Companys business does not involve maintenance of inventories viz., Finished Goods, Stores, Spare parts, Goods in Process and Raw Materials, the provisions of Clause 4 (ii)(a), 4(ii) (b) and 4(ii) (c) of the Order are not applicable to the Company for the current year. 3. a. As The company has not granted any loans, secured or unsecured, to companies , firms or other parties covered in the Register maintained under Section 301 of the Act, the provisions of Clauses 4 (iii)(a), 4 (iii)(b) , 4(iii)( c) and 4 (iii)(d) of the Order are not applicable to the Company for the current year. b. The Company had taken unsecured loans from two parties covered in the register maintained under Section 301 of the Act, aggregating to Rs. 1,46,97,830/- and the maximum balance outstanding during the year was Rs. 1,49,17,830/-. c. In our opinion and as per the information and explanations given to us, the rate of interest and other terms and conditions of loans taken by the Company are not prima facie prejudicial to the interests of the Company and the Company is regular in repayment of principal amount and interest, wherever applicable. 4. 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 fixed assets and for the sale of services. During the course of our audit, we have not observed any instances of continuing failure to correct major weaknesses in internal control systems. 5. a. According to the information and explanations given to us and as confirmed by the Management of the Company, we are of the opinion that particulars of contracts or arrangement that need to be entered into the register maintained under section 301 of the Act have been so entered. b. In our opinion and according to the information and explanations given to us, there are no transactions made in pursuance of contracts or arrangements entered in the register maintained under section 301 of the Act and exceeding the value of Rs. 5,00,000/- in respect of each party during the year. 6. According to the information and explanations given to us, as the Company has not accepted any deposits from the public covered by the directives issued by the Reserve Bank of India and the provisions of Sections 58A, 58AA, or any other relevant provision of the Act and the rules framed there under, the provisions of Clause 4(vi) of the Order are not applicable to the Company for the current year. 7. In our opinion and according to the explanations given to us, the company has an internal audit system commensurate with the size and nature of its business. 8. As the maintenance of Cost Records has not been prescribed by the Central Government u/s. 209 (1) (d) of the Act to this Company, the provisions of Clause 4(viii) are not applicable to the Company for the current year. 9. a. As per the records of the Company and as per information and explanations given to us, the Company is not liable for payment of dues of Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Sales Tax, Wealth Tax, Excise Duty for the current financial year and in respect of payment of dues of Income Tax, Service Tax and Custom Duty, Cess and any other statutory dues the Company is generally regular in the payment of dues with appropriate authorities and in respect of these dues there are no dues outstanding as on 31.3.2010 for a period of more than six months from the date they became payable. b. As per the records of the Company, there are no dues of Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty or Cess which have not been deposited on account of any dispute as on 31.3.2010. 10. As per the information and explanations given to us and overall examination of the financial statements of the Company for the current and immediately preceding financial year, we report that the accumulated losses at the end of the current financial year are more than fifty percent of its net worth and the Company had also incurred cash losses both in the current and immediately preceding financial years. 11. As the Company had not availed any loan from any financial institution or bank and had not issued any debentures, the provisions of Clause 4(xi) are not applicable to the Company for the current year. 12. As per the information and explanations given to us, as the Company had not granted any loans and advances on the basis of security by way of pledge of shares, debentures or other securities to anybody during the year, the provisions of Clause 4(xii) of the Order are not to the Company for the current year. 13. In our opinion as the company, is not a chit fund or a nidhi or mutual benefit fund or society, the provisions of clause 4(xiii) of the Order are not applicable to the company for the current year. 14. According to the records of the Company, we are of the opinion, that proper records are being maintained for recording the transactions and contracts in respect of shares, debentures and other securities traded or dealt with and the company is generally regular in recording the transactions in this regard. 15. According to the information and explanations given to us, as the company has not given any guarantee for loans taken by others from banks or financial institutions, the provisions of Clause 4(xv) of the Order are not applicable to the Company for the current year. 16. As the Company had not availed any term loans, the provisions of Clause 4(xvi) of the Order are not applicable to the Company for the current year. 17. According to the records and on an overall examination of the financial statements for the current year of the Company, we are of the opinion that the funds raised on short-term basis have not been used for any long-term investment. 18. As per records of the Company, during the current financial year, 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. As the Company has not issued any debentures, which required creation of security or charge, the provisions of Clause 4 (xix) of the Order is not applicable to the Company for the current year. 20. As the company has not made any public issue during the year, the provisions of Clause 4 (xx) of the Order are not applicable to the Company for the current year. 21. During the course of our examination of the books and records of the Company carried out in accordance with the generally accepted auditing practices in India and as per the representation given by the Company and relied on by us, we 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 cases by the Company. For Sarath & Associates Firm No. 005120S Chartered Accountants CAG. L.N. Prasad Partner M. No. 214735 Place : Hyderabad Date : 31.05.2010