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R G F Capital Markets Ltd.

BSE: 539669 Sector: Financials
NSE: N.A. ISIN Code: INE684D01025
BSE 00:00 | 26 Mar 2018 R G F Capital Markets Ltd
NSE 05:30 | 01 Jan 1970 R G F Capital Markets Ltd
OPEN 1.25
PREVIOUS CLOSE 1.31
VOLUME 11
52-Week high
52-Week low
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.25
CLOSE 1.31
VOLUME 11
52-Week high
52-Week low
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

R G F Capital Markets Ltd. (RGFCAPITAL) - Auditors Report

Company auditors report

To the Members of

RGF CAPITAL MARKETS LIMITED

REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying financial statements of RGF CAPITAL MARKETS LIMITED("the Company") which comprise the Balance Sheet as at 31st March 2015 theStatement of Profit and Loss the Cash Flow Statement for the year then ended and asummary of the significant accounting policies and other explanatory information.

MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies;making judgments and estimates that are reasonable andprudent;anddesign implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the accuracy and completeness of theaccounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

AUDITOR'S RESPONSIBILITY

Our responsibility is to express an opinion on thesefinancial statements based on ouraudit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements andplan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financialstatements. The procedures selected depend on theauditor's judgment includingthe assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true andfair viewin order to design audit procedures thatare appropriate in the circumstances but not for the purpose of expressing an opinion onwhetherthe Company has in place an adequate internal financial controls system overfinancial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of the accounting policies used and thereasonablenessof the accounting estimates made bytheCompany's Directors as well asevaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinionon the financial statements.

OPINION

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by the Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India

(a)In the case of the Balance Sheet of thestate of affairs of the Company as at 31stMarch2015;

(b)In the case of the Statement of Profit and Loss of theProfitforthe year ended onthat date; and

(c) In the case of the Cash Flow Statement of thecash flows for the year ended on thatdate.

EMPHASIS OF MATTERS

We draw attention to the following matters in the Notes to the financial statements:

a) As certified by the management and relied upon by usin the matterthatno lawsuitsfiled against the company.

b) That the Company has accumulated lossesat the end of the financial yearhowever itsnet worth has not been eroded. The Company has not incurred a net cash loss duringthecurrent financial year and in the immediately previous financial year. However theCompany's current liabilities do not exceed its current assets as at the balance sheetdate.

Our opinion is notmodifiedin respect of these matters.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. We have not reported on internal financial control system as the same hasbeen deferred by Ministry of Corporate Affairs Government of India Notification No.G.S.R. 722(E) dated 14th October 2014.

2. As required by the Companies ( Auditor's Report) Order 2015 issued by the CentralGovernment of India in terms of sub-section (11) of section 143 of the Act we give in theannexure a statement on the matters specified in paragraph 3 and 4 of the order.

3. As required bySection143(3) of the Act we report that:

(a) We have sought and obtained all the information and explanations which to the bestof 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 theCompany so far as it appears from our examination of those books.

(c) The Balance Sheet the Statement of Profit and Loss and theCash FlowStatementdealt with by this Report are in agreement with the books of account.

(d) In our opinion the aforesaidfinancial statements comply with the AccountingStandards specified under Section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014.

(e) On the basis of the written representations received from the directors as on 31stMarch2015 taken on record by the Board of Directors none of the directors is disqualified ason 31st March 2015from being appointed as a director in terms ofSection 164(2)of theAct.

(f) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand 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 financialposition.

II. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

III. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

For C. GHATAK & CO.
Chartered Accountants
CHINMAY GHATAK
(Partner)
(Membership No. 003591)
Place : Kolkata (Firm Registration No. 302162E)
Date : 14.08.2015

ANNEXURES TO THE AUDITORS' REPORT

Referred to in paragraph 2 under the ‘Report on Other Legal and RegulatoryRequirements' of our Report of even date on the Accounts for the year ended on 31.03.2015.

1. a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets. b) The Company has properly maintainedthe records of Fixed Assets during the Financial Year under Review.

2. The Company has not granted any secured/unsecured loans to parties covered in theRegister maintained under section 189 of the Companies Act. Accordingly this clause isnot applicable.

3. In our opinion and according to the information and explanations given to us thereis an adequate internal control system commensurate with the size of the Company and thenature of its business.

Further on the basis of our examinations and according to the information andexplanations given to us we have neither come across nor have we been informed of anyinstance of major weakness in the aforesaid internal control systems.

4. The Company has not accepted any deposits from the public. In our opinion andaccording to the information and explanations given to us the directives issued by theReserve Bank of India and the provisions of sections 73 to 76 or any other relevantprovisions of the companies Act and the rules framed there under to the extent applicablehave been complied with.

5. According to the information and explanations given to us the company is notrequired for the maintenance of cost records which has been prescribed by the CentralGovernment under sub-section (1) of Section 148 of the Companies Act 2013. Hence thisclause is not applicable to it.

6. a) According to the records examined by us the company is regular in depositingundisputed statutory dues with appropriate authorities including Income Tax Service TaxCess and any other statutory dues applicable to it.

As informed to us provisions relating to Provident Fund Employees State InsuranceSales Tax Custom Duty Value added Tax and Excise Duty are not applicable to it.

Further there were no outstanding dues at the year end for a period of more than SixMonths from the date they became payable.

b) According to the information and explanations given to us no disputed amount ispending before any forum of the above mentioned statutory dues.

c) According to the information and explanations given to us the company is notrequired to transfer any amount to the investor education and protection fund inaccordance with the relevant provisions of Companies Act and rules made thereunder hasbeen transferred to such fund within time.

7. The Company has accumulated loss standing in the Balance Sheet at the end of thefinancial year which is not more than fifty percent of its net worth and it has notincurred net cash loss during the current financial year and in the immediately precedingfinancial year.

8. Based on our audit procedures and as per the information and explanations given bythe management the company has not defaulted in repayment of dues to financialinstitutions or bank or debenture holders.

9. According to the information and explanations given to us by the management thecompany has not given any guarantee for loans taken by others from bank or financialinstitutions.

10. The Company has not obtained any term loans. Accordingly this clause of the Orderis not applicable.

11. Based upon audit procedures performed for the purposes of reporting the true andfair view of the financial statements and as per the information and explanation given bythe management we report that no fraud on or by the company has been noticed or reportedby the management during the year under audit.

For C. GHATAK & CO.
Chartered Accountants
CHINMAY GHATAK
(Partner)
(Membership No. 003591)
Place : Kolkata (Firm Registration No. 302162E)
Date : 14.08.2015