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Standard Capital Market. Ltd.

BSE: 511700 | NSE: | Series: NA | ISIN: INE625D01010 | SECTOR: Finance - Leasing & Hire Purchase

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Standard Capital Market. is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2007 2006

Auditor's Report

We have audited the attached Balance Sheet of STANDARD CAPITAL MARKETS LIMITED as on 31st March'2012 Statement of Profit&Loss of the company for the year ended on that date annexed theretoand report that :-

1. These financial statements are the responsibility of the Company's 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 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 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 statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. We further 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 ouraudit.

b. Proper books of accounts as required by the law have been kept by the company so far as appears from our examination of such books.

c. The Balance Sheet and Statement of Profit & Loss dealt with by this report are in agreement with the books of accounts.

d. In our opinion' the Balance Sheet and Statement of Profit & Loss dealt with by this report compile with the Accounting Standards referred to in the section 211 (3C) of the Companies Act'1956.

e. On the basis of written representation received from the Directors' as on 31st March'2012' and taken on record by the Board of Directors' we report that none of the Directors is disqualified as on 31st March'2012 from being appointed as a director in terms of section 274 (1) (g) of the Companies Act'1956.

f. In our opinion and to the best of our information and according to the explanation given to us' the said accounts' read with and subject to the remarks appearing thereon and as contained in the notes forming part of the accounts' give the information required by the companies act 1956 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 Balance Sheet' of the state of affairs of the company as at 31st March' 2012.

ii) In the case of Statement of Profit & Loss' of the Profit of company for the year ended on that date.

iii) In the case of the Cash Flow Statement of the Cash Flows of the company for the year ended on that date.

ENCLOSURE TO AUDITORS' REPORT PURSUANT TO THECOMPANIES (AUDITOR'S REPORT) ORDER'2003 UNDERSECTION 227 (4A) OF COMPANIES ACT.

1. a) The Company is maintaining proper records showing full particulars' including quantitative details and situation of

fixed assets.

b) Fixed Assets have been physically verified by the management during the year and no material discrepancies were identified on such verification.

c) There was no substantial disposal of fixed assets during the year.

2. a) The management has conducted physical verification of inventory at reasonable intervals during the year.

b) The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the company and the nature of the business.

c) The company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

3. a) As per information and explanations given to us and the records produced before us' the company has granted loans to four parties' covered in the register maintained under section 301 of the Companies Act' 1956. The maximum amount involved is Rs. 54.29 Lacs and balance outstanding is Rs 49.29 Lacs.

b) In our opinion and according to the information and explanations given to us' the rate of interest wherever applicable and other terms and conditions of loans given by the company are not prima facie prejudicial to the interest of the company.

c) In respect of the loan given by the company' the same is repayable on demand and therefore the question of overdue amount does notarise.

e) The company has taken loans from three parties' covered in the register maintained under section 301 of the Companies Act' 1956. The maximum amount involved is Rs. 9.45 lacs and the balance outstanding is Rs. 9.45 lacs

f) In our opinion and according to the information and explanations given to us' the rate of interest wherever applicable and other terms and conditions of loans taken by the company are not 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 inventory and fixed assets and for the sale of goods. During the course of our audit' no major weakness has been observed in the internal controls.

5. 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 Companies Act' 1956 and aggregating during the to Rs. 5.00 lacs or more in respect of any party.

6. According to the information and explanations given to us' the company has not accepted any deposits from the public. Therefore the provisions of Clause (vi) of the Companies (Auditor's Report) order 2003 are not applicable to the Company.

7. In our opinion' the company has an internal audit system commensurate with the size and nature of its business.

8. The Central Govt. has not prescribed for the maintenance of cost records under section 209 (1) (d) of the Companies Act for this Company.

9. a) According to the records examined by us the company' undisputed statutory dues including Income Tax' Sales Tax'

Custom duty ESI' Provident fund and other statutory dues as applicable have been generally regularly deposited b the company during the year with the appropriate authorities.

b) According to the information and explanations given to us' no undisputed amount payable in respect of any statutory dues' applicable to the company' were outstanding at the year end for a period of more than six months for the date they became payable.

c) According to the information and explanations given to us' there are no dues of Sales Tax' Income Tax' Custom Duty' Wealth Tax' Excise Duty' ESI' Provident Fund' Cess etc. that have not deposited on account of any dispute.

10. The company has accumulated losses at the end of the financial year' but it is less than 50% of the net worth of the company. The company has not incurred cash losses in such financial year and immediately preceding financial year.

11. Based on our audit procedures and the information and explanations given by the management' the company has not defaulted in repayment of dues toany financial institution' bankor debenture holders.

12. According to the information and explanation given to us and based on the documents and records produced to us' the company has not granted loans and advances on the basis of security byway of pledge of shares' debentures and other securities.

13. In our opinion and according to the information and explanations given to us' the nature of activities of the company does not attract any special statute applicable to Chit Fund and Nidhi/Mutual benefit Fund/Societies.

14. The company has maintained proper records of the transactions and contacts in respect of dealing or trading in Shares' Securities' Debentures and other Investments and timely entries have been made therein' All shares' Securities' Debentures and other Investments have been held by the Company in its own name.

15. According to the information and explanations given to us' the company has not given any guarantee for loans taken by othersfrom Banksorfinancial institutions. ^

16. According to the information and explanations given to us' the company has not taken any term loans.

17. According to the information and explanation given to us and on an overall examination of the Balance sheet' we report than no funds raised on short-term basis have been used for long-term investment.

18. There was no any allotment of shares during the year. Thus there was no any preferential allotment to persons covered in the Register maintained under section 301 of the Act.

19. The company has not issued any debentures during the year

20. The company has not raised any money through a public issue during the year.

21. Based upon the audit procedures performed and as per information and explanations given by the management' we report that nofraud on or by the company has been noticed on reported during the course of ouraudit.

Place : New Delhi For TIWARI &ASSOCIATES

Dated : 04.09.2012 Chartered Accountants

(FRN-002870N)

(KRISHAN KUMAR)

Partner

(M.No. 085415)