Mar 31, 2018
Report on the Standalone Financial Statements
We have audited the accompanying standalone financial statements of DB (INTERNATIONAL) STOCK BROKERS LTD (âthe Companyâ), which comprise the Balance Sheet as at March 31, 2018, the Statement of Profit and Loss and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.
Managementâs Responsibility for the Standalone Financial Statements
The Companyâs Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (âthe Actâ) with respect to the preparation and presentation of these standalone financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditorâs Responsibility
Our responsibility is to express an opinion on these standalone financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditorâs judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Companyâs preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Companyâs Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements 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, of the state of affairs of the Company as at March 31, 2018 and its profit and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditorâs Report) Order, 2015 (âthe Orderâ) issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the Annexure A, a statement on the matters specified in the paragraph 3 and 4 of the Order, to the extent applicable.
2. As required by Section 143 (3) of the Act, we report that:
(a) we have sought and 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 it appears from our examination of those books;
(c) the balance sheet, the Statement of Profit and Loss and the cash flow statement dealt with by this Report are in agreement with the books of account;
(d) in our opinion, the aforesaid standalone financial statements comply with the Indian Accounting Standards specified under Section 133 of the Act;
(e) on the basis of the written representations received from the directors as on March 31, 2018 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2018 from being appointed as a director in terms of Section 164 (2) of the Act; and
(f) the company has adequate internal financial controls system in place and the operating effectiveness of such controls is adequate. (As per Annexure B)
(g) with respect to the other matters to be included in the Auditorâs Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has a pending litigation which is demand from tax authorities for assessment year 2013-2014. The Company has filed an appeal and the appeal is pending before the appellate authority. The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required. Considering the facts of the matter, no further provision is considered necessary by management.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.
iv. The company had provided requisite disclosures in its financial statements which are in accordance with the books of accounts maintained by the company.
Annexure-A to the Independent Auditorsâ Report
The Annexure referred to in our Independent Auditorsâ Report to the members of the Company on the standalone financial statements for the year ended March 31, 2018, we report that:
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed assets by which fixed assets are verified in a phased manner over a period of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets.
(ii) The Company is a service company, accordingly, it does not hold any physical inventories. Thus, paragraph 3(ii) of the Order is not applicable.
(iii) The Company has not granted any loans secured or unsecured to the parties covered in the register maintained under section 189 of the Companies Act, 2013 (âthe Actâ).
(iv) In respect of the investment made by the Company, provisions of section 185 and 186 of the companies act 2013 have been complied with.
(v) The Company has not accepted any deposits from the public.
(vi) The Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act, for any of the services rendered by the Company.
(vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues including provident fund, income tax, service tax, Goods and Service Tax (GST), cess and other material statutory dues have been regularly deposited during the year by the Company with the appropriate authorities. As explained to us, the Company did not have any dues on account of employeesâ state insurance and duty of excise.
(b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, Service Tax, Goods and Service Tax (GST), cess except Income Tax and other material statutory dues were in arrears as at March 31, 2018 for a period of more than six months from the date they became payable.
The income tax matter includes demand from tax authorities for assessment year 2013-2014. The Company has filed an appeal and the appeal is pending before the appellate authority. The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required. Considering the facts of the matter, no further provision is considered necessary by management.
(viii) The Company did not have any outstanding dues to financial institutions, banks or debenture holders during the year.
(ix) The company has not raised any funds by way of initial public offer or further public offer (including debt instruments) and term loans.
(x) According to the information and explanations given to us, no material fraud on or by the Company has been noticed or reported during the course of our audit.
(xi) According to the information and explanations given to us and based on our examination of the records of the company, the Company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with schedule V of the Act.
(xii) In our opinion and according to the information and explanations given to us, the company is not a Nidhi Company.
(xiii) According to the information and explanations given to us and based on our examination of the records of the company, transaction with the related parties are in compliance with section 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards.
(xiv) There is no preferential allotment and the Company has subscribed 12,50,000 fully paid up equity shares of Daga Business (International) Stock Brokers (IFSC) Private Limited on May 10, 2017
(xv) According to the information and explanations given to us and based on our examination of the records of the company, the Company has not entered into any non-cash transaction with the directors or persons connected with them. Accordingly, paragraph 3(XV) of the Order is not applicable.
(xvi) The company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
Annexure-B to the Independent Auditorsâ Report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (âthe Actâ)
We have audited the Internal Financial Controls over financial reporting of DB (INTERNATIONAL) STOCK BROKERS LIMITED (âthe Companyâ) as of March 31, 2018 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date.
Managementâs Responsibility for Internal Financial Controls
The Companyâs management is responsible for establishing and maintaining Internal Financial Controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (âICAIâ). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that we are operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to companyâs policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.
Auditorsâ Responsibility
Our responsibility is to express an opinion on the Companyâs Internal Financial Controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the âGuidance Noteâ) and the Standards on Auditing, issued by the ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the Internal Financial Controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditorâs judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companyâs internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A companyâs Internal Financial Control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A companyâs Internal Financial Control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the companyâs assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of Internal Financial Controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate Internal Financial Controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2018, based on the Internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
For Chaudhry Vigg James & Co
Chartered Accountants
Firm Regn. No. 000949N
Sd/-
B B Chaudhry
Partner
Membership No.014231
Place: New Delhi
Dated: May 26, 2018
Mar 31, 2015
We have audited the accompanying standalone financial statements of DB
(INTERNATIONAL) STOCK BROKERS LTD (''the Company''), which comprise the
balance sheet as at March 31, 2015, the statement of profit and loss
and the cash flow statement fortheyearthen ended, and a summary of
significant accounting policies and other explanatory information.
Management''s Responsibility for the Standalone Financial Statements
The Company''s Board of Directors is responsible for the matters stated
in Section 134(5) of the Companies Act, 2013 ("the Act") with
respect to the preparation and presentation of these standalone
financial statements that give a true and fair view of the financial
position, financial performance and cash flows of the Company in
accordance with the accounting principles generally accepted in India,
including the Accounting Standards specified under Section 133 of the
Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This
responsibility also includes maintenance of adequate accounting records
in accordance with the provisions of the Act for safeguarding the
assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of adequate
internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor''s Responsibility
Our responsibility is to express an opinion on these standalone
financial statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards and
matters which are required to be included in the audit report underthe
provisions of the Act and the Rules made thereunder.
We conducted our audit in accordance with the Standards on Auditing
specified under Section 143(10) of the Act. Those Standards require
that we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether the financial statements
are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant
to the Company''s preparation of the financial statements that give a
true and fair view in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing
an opinion on whether the Company has in place an adequate internal
financial controls system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness
of the accounting estimates made by the Company''s Directors, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone
financial statements.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid standalone financial statements
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, of the state of affairs of the Company as
at March 31, 2015 and its profit and its cash flows for the year ended
on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) Order, 2015 ("the
Order") issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in the Annexure a
statement on the matters specified in the paragraph 3 and 4 of the
Order, to the extent applicable.
2. As required by Section 143 (3) of the Act, we report that:
(a) we have sought and obtained all the information and explanations
which to the best of our knowledge and belief were necessary for the
purposes of ouraudit.
(b) in our opinion proper books of account as required by law have been
kept by the Company so far as it appears from our examination of those
books;
(c) the balance sheet, the statement of profit and loss and the cash
flow statement dealt with by this Report are in agreement with the
books of account;
(d) in our opinion, the aforesaid standalone financial statements
comply with the Accounting Standards 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 March 31,2015 taken on record by the Board of
Directors, none of the directors is disqualified as on March 31,2015
from being appointed as a director in terms of Section 164 (2) of the
Act; and
(f) with respect to the other matters to be included in the Auditor''s
Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and 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 financial position.
ii. The Company did not have any long-term contracts including
derivative contracts for which there were any material foreseeable
losses.
iii. There has been no delay in transferring amounts, required to be
transferred, to the Investor Education and Protection Fund by the
Company.
Annexure to the Independent Auditors'' Report
The Annexure referred to in our Independent Auditors'' Report to the
members of the Company on the standalone financial statements for the
year ended March31,2015, we report that:
(i) (a)The Company has maintained proper records showing full
particulars, including quantitative details and situation of fixed
assets.
(b)The Company has a regular programme of physical verification of its
fixed assets by which fixed assets are verified in a phased manner over
a period of three years. In accordance with this programme, certain
fixed assets were verified during the year and no material
discrepancies were noticed on such verification. In our opinion, this
periodicity of physical verification is reasonable having regard to the
size of the Company and the nature of its assets.
(ii) The Company is a service company, primarily rendering share
brokerage service. Accordingly, it does not hold any physical
inventories. Thus, paragraph 3(ii) of the Order is not applicable.
(iii) The Company has not granted any loans to the bodies corporate
covered in the register maintained under section 189 of the Companies
Act, 2013 (''the Act'').
(iv) In our opinion and according to the information and explanation
given to us, there is an adequate internal control system commensurate
with the size of the company and the nature of its business with regard
to purchases of inventory, fixed assets and with regard to the sale of
goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
(v) The Company has not accepted any deposits from the public.
(vi) The Central Government has not prescribed the maintenance of cost
records under section 148(1) of the Act, for any of the services
rendered by the Company.
(vii) a) According to the information and explanations given to us and
on the basis of our examination of the records of the Company, amounts
deducted/ accrued in the books of account in respect of undisputed
statutory dues including provident fund, income tax, service tax, cess
and other material statutory dues have been regularly deposited during
the year by the Company with the appropriate authorities. As explained
to us, the Company did not have any dues on account of employees'' state
insurance and duty or excise.
b) According to the information and explanations given to us, no
undisputed amounts payable in respect of provident fund, income tax,
service tax, cess and other material statutory dues were in arrears as
at March 31,2015 for a period of more than six months from the date
they became payable.
c) The amount of to be transferred to Investor Education and Protection
Fund in accordance with the relevant provisions of the Companies Act,
1956 and rules made there under has been transferred to such fund
within time.
(viii) The Company does not have any accumulated losses at the end of
the financial year and has not incurred cash losses in the financial
year and in the immediately preceding financial year.
(ix) The Company did not have any outstanding dues to financial
institutions, banks or debenture holders during the year.
(x) In our opinion and according to the information and the
explanations given to us, the Company has not given any guarantee for
loans taken by others from banks or financial institutions.
(xi) TheCompanydid not have any term loans outstanding during the year.
(xii) According to the information and explanations given to us, no
material fraud on or by the Company has been noticed or reported during
the course of our audit.
For Chaudhry Vigg James & Co
Chartered Accountants
Firm Regn. No. 000949N
B B Chaudhry
Partner
Membership No.014231
New Delhi
Dated 29.05.2015
Mar 31, 2014
We have audited the accompanying Financial Statements of DB
(INTERNATIONAL) STOCK BROKERS LTD which comprise the Balance Sheet as
at March 31,2014, and the Statement of Profit and Loss and Cash Flow
Statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Standards referred to in sub-section (3C) of section 211
of the Companies Act, 1956 ("the Act"). This responsibility includes
the design, implementation and maintenance of internal control relevant
to the preparation and presentation of the financial statements that
give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Our responsibility is to express an opinion on these financial
statements based on our audit We conducted our audit in. accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to tie Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for ouraudit opinion.
In our opinion and to the best of our information and according to the
explanations given to us, the financial statements 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:
a) in the case of the Balance Sheet, of the state of affairs of the
Company as at March 31.2014;
b) in the case of the Profit and Loss Account, of the profit for the
year ended on that date; and c)in the case of the Cash Flow Statement,
of the cash flows for the year ended on that date.
1. As required by the Companies (Auditor''s Report) Order, 2003 ("the
Order") issued by the Central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, 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
ouraudit;
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 those
books
c) the Balance Sheet, Statement of Profit and Loss, and Cash Row
Statement dealt with by this Report are in agreement with th e books of
account.
d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and
Cash Flow Statement comply with the Accounting Standards referred to in
subsection (3C)of section 211 of the CompaniesAct, 1956;
e) on the basis of written representations received from the directors
as on March 31,2014, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2014, from being
appointed as a director in terms of clause (g) of sub-section (1) of
section 274 of the CompaniesAct, 1956.
ANNEXURE TO THE AUDITOR''S REPORT
i) In respect ot Fixed Assets:
a) The Company has maintained proper records showing lull particulars
including quantitative details and situation affixed assets on the
basis of information; available
b) As explained to us. all the assets have been physically verified by
the management in a phased periodical manner, which, in our opinion, is
reasonable having regard to the size of the company and the nature of
its assets. No material discrepancies ware- noticed an such
verification.
c) In our opinion, the company has not disposed off a substantial part
of fixed Assets during the year and Going Concern status of the company
is not affected.
il) In respect of Inventories:
Tfie company has inventories at the end of the year which have been
physically verified by the management at the end of the year and
procedures of such verification is reasonable and adquate; and the
valuation of the inventories is proper in accordance with normally
accepted accounting principles.
iii) In respect of loans, secured or unsecured, granted or taken by the
company toffrom companies, firms or other parties covered in the
Register maintained under section 301 of the Companies Act, 1955:
a) In our opinion and according to the Information and Explanations
given to us ,lhe company has not taken any loans, secured or unsecured,
from companies, firms or olher parties listed in the register
maintained under Section 301 of the Companies Act, 1956. Consequently,
the requirements of Clauses (iii) (f) and (iii) (g) of paragraph 4 of
the Order are not applicable.
b) The company has also not granted any unsecured loan to companies,
firms and other parties covered in the register maintained under
Section 301 of the Companies Act, 1956;
iv) In our opinion and according to the information and explanation
given lo us. there is an adequate internal control system commensurate
with the size of the company and the nature of Hs business with regard
to purchases of inventory fixed assets and wilh regard m the sale of
goods and services. During the course of our audit, we have not
observed any conti nu ing fail ure to conect maior weakness ininternal
control system.
v) In respect Df Contracts or arrangements referred to in section 301
oftheCompaniosAcl, 1956.
In our opinion and according to the information and explanation given
to us, thenRs. have no transactions been made in pursuance of contracts
or arrangements, that need to be entered in the Register maintained
under section 301 of the Companies Act 1956. Hence-, ctause(v) of
paragraph 4 orlhe Order is not applicable to the Company.
ifl) In our opinion and according to the information and explanation
given to us. the company has not accepted any deposits from the Public.
Therefore, the provisions of Clause (vi) of paragraph 4 at the order
are not applicable to the company,
vil) In our opinion. the company has an intema audit system comma
nsurate with the size and nature of Its business.
viii) The Central government has not presenbed maintenance of cost
records under clause (d) of sub-section-(1) of section 209 of the
Companies Act, 1956 in respect of business activities of the company.
Therefore, the provisions of clause (viii) are not applicable Id the
company.
be) In respect of statutory Dues:
According to the records of the company, the company is regular in
depositing with appropriate authorities, undisputed statutory dues
including provident fund, investor education protection fund, income
tax and other statutory dues applicable to it. According to the
information and explanation given tn us, no undisputed amounts payable
in respect of income tax, wealth tax and service tax were outstanding,
as at 31st March, 2014 for a period of more than six months from the
date they become payabte.
x} The Company does not have any accumulated losses. The Company has
not incurred any cash losses during the financial year covered by our
audit and in the immediateIy preceding financial year,
xi) Based on our audit procedures and according to the information and
explanation given by the management, we are of the opinion that the
company has not borrowed funds from the financial institutions, banks
qr debenture holders, hence clause
(xi) of paragraph 4 of the Order is not spplicable to the company.
xii) Based on our examination of documents and records, we are of the
opinion that the company has not granted loans and advances on the
basis of security by way of pledge of shares, debentures and other
securities.
xiii) In our opinion, the company is not a chit fund/nidhi/mutual
benefit fund/society. Therefore, the provisions of clause (xiii) of
paragraph 4 of the Orderare not applicable to the company.
xiv) Based on our examination of the records and evaluation of the
related internal controls, we are of the opinion that the company has
maintained proper records of dealing or trading in shares, securities,
debentures and other investments and timely entries have been made
therein. We also report that the company has held the shares,
securities, debentures and other investment in its own name.
xv) The company has not given any guarantee for loans taken by
othersfrombankorflnancial institutions.
xvi) According to Information and explanations given to us, the company
has not raised any term loans; hence clause (xvi) of paragraph 4 of the
Order is not applicable to the company.
xvil) In our opinion and according to the Information and explanation
given to us and an overall examination of the Balance Sheet of the
company, we are of the opinion that no funds raised on short term basis
that have been used for long term investment.
xviii) During the year, the company has not made any preferential
allotment of shares.
xix) The company has not issued debentures and hence requirement of
reporting regarding creation of security or charge in respect of
debentures Issued does not arise.
xx) The company has not raised any money by way of public issue during
the year.
xxt) Based upon the audit procedures performed and as per information
and explanation given by the management, we report that no fraud on or
by the company has been noticed or reported during the year.
For Chaudhry Vigg James 4 Co
Chartered Accountants
Firm Regn. No. P00949N
Sd/-
BB Chaudhry
Partner
Membership No.014231
New Delhi
Dated 30.05.2014
Mar 31, 2013
We have audited the accompanying Financial Statement of DB
(INTERNATIONAL)STOCK BROKERS LTD which companies the Balance sheet as
at March 31,2013 and the statement of profit and Loss and cash
statement for the year then ended and a summary of significant
accounting policies and other explanatory information.
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position
financial performance and cash flows of the company in accordance with
the Accounting standards referred to in sub-section (3C) of section 211
of the company''s Act,1956 ("the Act") This responsibility including the
design implementation and maintenance of internal control relevant to
the preparation and presentation of the financial statements that give
a tore fair view and are free from material misstatement whether due to
fraud or error.
Our responsibility is to express an opinion on these financial
statement based on our audit. We conducted our audit in accordance with
the standards on auditing issued by the institute of chartered
Accountants of India Those standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence the
amounts and disclosures in the financial statements The procedures
selected depend on the auditors judgment including the assessment of
the risks of material misstatement of the financial statements selected
depend on the auditors judgment including the seamen of the design
audit procedures that are appropriate in the circumstances An audit
also including the appropriateness of accounting policies used and the
reasonable of the accounting estimates made by management as well as
evaluating the overall presentation of the financial statements.
In our opinion and to the best of our information and according to the
explanations given to us the financial statement give the information
required by the Act in the manner so required and give a true and fair
view in conformity with the accounting principle generally accepted in
India.
a) in the case of the Balance sheet of the state of affairs of the
company as at March 31,2013;
b) in the case of the profit and loss Account of the cash for the year
ended on that date'' and
c) in the case of the cash flow statement of the cash flows for the
year ended on that date;
1. As required by the companies (Auditor''s Report order 2003 ("the
order") issued by the central Government of India in terms of
sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the order.
2. As required by section 227 (3) of the Act 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 proper books of account as required by law have been
kept by the company so far as appears from our examination of those
books.
c) the Balance sheet statement of profit and loss and cash flow
statement dealt with by this report are in agreement with the books of
account.
d) in our opinion the Balance sheet statement of profit and loss and
cash flow statement dealt Accounting standards referred to in sub
section 3C of SECTION 211 off the companies Act,1956.
e) On the basis of written representations received from the directors
are on march 31,2013 and taken on record by the Board of Directors none
of the directors is disqualified as on march 31,2013 from being as a
director in items of clause (g) of sub-section (1) of section 274 of
the companies Act,1956.
f) Since the central Government has not issued any notification as to
the rate which the cess is to be paid under section 441A of the
companies Act,1956 nor has it issued any Rules under the said section
prescribing the manner in which such cess is to be paid no cess is due
and payable by the company
(i) In respect of Fixed Assets.
(a) The company has maintained proper records showing full particulars
including quantitative quantities details and situation of fixed
assets on the basis of information available.
(b) As explained to us all the assets have been physically verified by
the management in a phased periodical manner which in our opinion is
reasonable having regard to the size of the company and the nature of
its assets No material discrepancies were noticed on such verification.
(c) In our opinion the company has not disposed off a substantial part
of fixed Assets during the year and going concern status of the
company is not affected.
(ii) In respect of Inventories
The company of loans secured or unsecured granted or taken by the
company to/from companies firms or other parties covered in the
Register maintained under section 301 of the companies Act,1956;
(a) In our opinion and according to the information and Explanations
given to us the company has not taken any loans secured or unsecured
from companies firms or their parties listed in the register maintained
under section 301 of the companies Act,1956 consequently the
requirements of clauses (iii) (f) and (iii) (g) of paragraph 4 of the
order are not applicable.
(b) The company has also not granted any unsecured loan to companies
firms and other parties covered in the register maintained under
section 301 of the companies Act,1956
(iv) In our opinion and according to the information and explanation
given to us there is an adequate internal control system commensurate
with the size of the company and the nature of its business with regard
to purchases of inventory fixed assets and with regard to the sale of
good and services During the course of our audit we have of observed
any continuing failure to correct major weakness in internal control
system.
(v) In respect of contracts or arrangements referred to in section 301
of the companies Act,1956.
(vi) In our opinion and acceding to the information and explanation
given to us the company has not accepted any deposits from the public
therefore the provisions of clause (vi) of paragraph 4 of the order are
not applicable to the company.
(vii) In our opinion the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The central government has not prescribed maintenance of cost
records under clause (d) of sub-section (1) of section 209 of the
companies Act,1956 in respect of certain manufacturing activities of
the company therefore the provisions of clause (viii) are applicable to
the company.
(ix) In respect of statutory Dues:
According to the records of the company the company is regular in
depositing with appropriate authorities undisputed statutory dues
including provident fund investor education protection fund income tax
and other statutory dues applicable to it. According to the information
and explanation given to us no undisputed amounts payable in respect of
income tax wealth tax and service tax outstanding as at 31st March,2013
for a period of more than six months from the date they become payable.
(X) The company does not have any accumulated losses The company has
not incurred any cash losses during the financial year covered by our
audit and the immediately preceding financial year.
(xi) Based on our audit procedures and according to the information and
explanation given by the management we are of the opinion that the
company has not borrowed funds from the financial institution banks or
debenture holders hence clause (xi) of paragraph 4 of order is not
applicable to the company.
(xii) Based on our examination of documentation and records we are of the
opinion that the company has not granted loans and advances on the basis
of security by way of pledge of shares debentures and other securities.
(xiii) In our opinion the company is not a chit fund mutual benefit fund
society Therefore the provisions of clause of paragraph 4 of the
order are not applicable to the company.
(xiv) Based on our examination of the records and evaluation of the
related internal controls we are of the opinion that the company has
maintained proper records of dealing or trading in share securities
debentures and other investments and timely entries have been made
therein we also report that the company has held the share securities
debentures and other investment in its own name.
(xv) The company has not given any guarantee for loans taken by other
from bank or financial institutions.
(xvi) According to information and explanations given to us the company
has not raised any term loans hence clause (xvi) of paragraph 4 of the
order is not applicable to the company.
(xvii) In our opinion and according to the information and explanation
given to us and an overall examination of the Balance Sheet of the
company we are of the opinion that no funds raised on short term basis
that have been used for a long term investment.
(xviii) During the year the company has not made any preferential
allotment of shares.
(xix) The company has not issued debentures and hence requirement of
reporting regarding creation of security or change in respect of
debentures issued does not arise.
(xx) The company has not raised any money by way of public issue during
the year.
(xxi) Based upon the audit procedures performed and as per information
and explanation given by the management we report that no fraud on or
by the company had been noticed or reporting during the year.
For Chaudhry Vigg James & co
Chartered Accountants
Firm Regn. No.000949n
sd/-
B B Chaudhry
partner
Membership No.014231
Place: New Delhi
Date : 24th May,2013
Mar 31, 2012
1) We have audited the attached Balance Sheet of DB (International)
Stock Brokers Ltd. as at 31st March, 2012 and also the Profit and Loss
Statement and Cash Flow Statement for the year ended annexed thereto,
which we have signed under reference to this report. 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 conducted our audit in accordance with the auditing standards
generally accepted in India. Those 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 the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
3) As required by the Companies (Auditors' Report) Amendment Order,
2003 as amended by the Companies (Auditor's Report) (Amendment) Order,
2004 (together the "Order"), issued by the Central Government of
India in terms of sub section (4A) of section 227 of 'The Companies
Act, 1956' of India (the 'Act') and on the basis of such checks of
books and records of the company as we considered appropriate and
according to the information and explanations given to us, we give in
the Annexure a statement on the matters specified in paragraphs 4 & 5
of the said order.
4) Further to our comments in the Annexure referred to above, we report
that:
a) We have obtained all the information and explanation, which to the
best of our knowledge and belief were necessary for the purpose of our
audit.
b) In our opinion, proper books of accounts as required by law have
been kept by the company as far as appears from our examination of
those books;
c) The Balance Sheet, Profit and Loss Statement and Cash Flow Statement
dealt with by this report are in agreement with the books of account;
d) In our opinion, the Balance Sheet, Profit & Loss Statement and Cash
Flow Statement dealt with by this report comply with the accounting
standards referred to in sub section (3C) of Section 211 of the Act;
e) On the basis of written representations 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 clause (g) of sub
section (1) of Section 274 of the Companies Act, 1956;
f) In our opinion and to the best of our information and according to
the explanation given to us, said statement of accounts read together
with notes thereon, give the information required by the Companies Act,
1956, in the manner so required and give a true and fair view:
I) In the case of the Balance Sheet, of the State of affairs of the
Company as at 31st March, 2012
II) In the case of the Profit & Loss Statement, of the profit of the
company for the year ended on that date; and
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
(i) In respect of Fixed Assets:
(a) The Company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets on the
basis of information available
(b) As explained to us, all the assets have been physically verified by
the management in a phased periodical manner, which, in our opinion, is
reasonable having regard to the size of the company and the nature of
its assets. No material discrepancies were noticed on such
verification.
(c) In our opinion, the company has not disposed off a substantial part
of fixed assets during the year and going concern status of the company
is not affected.
(ii) In respect of Inventories:
The company does not hold any Inventory at the end of the year; hence
clause (ii) of the Order is not applicable to the company.
(iii) In respect of loans, secured or unsecured, granted or taken by
the company to/from companies, firms or other parties covered in the
Register maintained under section 301 of the Companies Act, 1956:
(a) In our opinion and according to the Information and Explanations
given to us, the company has not taken any loans, secured or unsecured,
from companies, firms or other parties listed in the register
maintained under Section 301 of the Companies Act, 1956. Consequently,
the requirements of Clauses (iii) (f) and (iii) (g) o': paragraph 4 of
the Order are not applicable.
(b) The company has also not granted any unsecured loan to companies,
firms and other parties covered in the register maintained under
Section 301 of the Companies Act, 1956;
(iv) In our opinion and according to the information and explanation
given to us, there is an adequate internal control system commensurate
with the size of the company and the nature of its business with regard
to purchases of stock, fixed assets and with regard to the sale of
stock and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
(v) In respect of Contracts or arrangements referred to in section 301
of the Companies Act, 1956.
In our opinion and according to the information and explanation given
to us, there have no transactions been made in pursuance of contracts
or arrangements, that need to be entered in the Register maintained
under section 301 of the Companies Act 1956. Hence, clause (v) of
paragraph 4 of the Order is not applicable to the Company.
(vi) In our opinion and according to the information and explanation
given to us, the company has not accepted any deposits from the Public.
Therefore, the provisions of Clause (vi) of paragraph 4 of the order
are not applicable to the company.
(vii) In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The Central government has not prescribed maintenance of cost
records under clause (d) of sub-section-(1) of section 209 of the
Companies Act, 1956 in respect of certain manufacturing activities of
the company. Therefore, the provisions of clause (viii) are not
applicable to the company.
(ix) In respect of statutory dues:
According to the records of the company, the company is regular in
depositing with appropriate authorities undisputed statutory dues
including provident fund, investor education protection fund, income
tax and other statutory dues applicable to it. According to the
information and explanation given to us, no undisputed amounts payable
in respect of income tax, wealth tax, sales tax, service tax, customs
duty and excise duty were outstanding, as at 31st March, 2012 for a
period of more than six months from the date they become payable.
(x) The company does not have any accumulated losses. The company has
not incurred any cash losses during the financial year covered by our
audit and in the immediately preceding financial year.
(xi) Based on our audit procedures and according to the information and
explanation given by the management, we are of the opinion that the
company has not borrowed funds from the financial institutions, banks
or debenture holders, hence clause (xi) of paragraph 4 of the order is
not applicable to the company.
(xii) Based on our examination of documents and records, we are of the
opinion that the company has not granted loans and advances on the
basis of security by way of pledge of shares, debentures and other
securities.
(xiii) In our opinion, the company is not a chit fund/nidhi/mutual
benefit fund/society. Therefore, the provisions of clause (xiii) of
paragraph 4 of the order are not applicable to the company.
(xiv) Based on our examination of the records and evaluation of the
related internal controls, we are of the opinion that the company has
maintained proper records of dealing or trading in shares, securities,
debentures and other Investments and timely entries have been made
therein. We also report that the company has held the shares,
securities, debentures and other investment in its own name.
(xv) The company has not given any guarantee for loans taken by others
from bank or financial institutions.
(xvi) According to information and explanations given to us, the
company has not raised any term loans; hence clause (xvi) of paragraph
4 of the Order is not applicable to the company.
(xvii) In our opinion and according to the information and explanation
given to us and an overall examination of the Balance Sheet of the
company, we are of the opinion that there is no funds raised on short
term basis that have been used for long term investment.
(xviii) During the year, the company has not made any preferential
allotment of shares.
(xix) The company has not issued debentures and hence requirement of
reporting regarding creation of security or charge in respect of
debentures issued does not arise.
(xx) The company has not raised any money by way of public issue during
the year.
(xxi) Based upon the audit procedures performed and as per information
and explanation given by the management, we report that no fraud on or
by the company has been noticed or reported during the year.
FOR CHAUDHRY VIGG JAMES & CO
Chartered Accountants
Firm Regn. No. 000949N
Sd/-
B B Chaudhry
Partner
Membership No: 014231
Place :New Delhi
Date : 25th May, 2012
Mar 31, 2011
1) We have audited the attached Balance Sheet of DB (International)
Stock Brokers Ltd. as at 31st March, 2011 and also the Profit and Loss
Account and Cash Flow Statement for the year ended annexed thereto,
which we have signed under reference to this report. 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 conducted our audit in accordance with the auditing standards
generally accepted in India. Those 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 the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
3) As required by the Companies (Auditors' Report) Amendment Order,
2003 as amended by the Companies (Auditor's Report) (Amendment) Order,
2004 (together the "Order"), issued by the Central Government of India
in terms of sub section (4A) of section 227 of 'The Companies Act,
1956' of India (the 'Act') and on the basis of such checks of books and
records of the company as we considered appropriate and according to
the information and explanations given to us, we give in the Annexure a
statement on the matters specified in paragraphs 4 & 5 of the said
order.
4) Further to our comments in the Annexure referred to above, we report
that:
a) We have obtained all the information and explanation, which to the
best of our knowledge and belief were necessary for the purpose of our
audit.
b) In our opinion, proper books of accounts as required by law have
been kept by the company as far as appears from our examination of
those 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;
d) In our opinion, the balance sheet, profit & loss account and cash
flow statement dealt with by this report comply with the accounting
standards referred to in sub section (3C) of Section 211 of the Act;
e) On the basis of written representations received from the Directors,
as on 31st March, 2011 and taken on record by the Board of Directors,
we report that none of the directors is disqualified as on 31st March,
2011 from being appointed as a Director in terms of clause (g) of sub
section (1) of Section 274 of the Companies Act, 1956;
f) In our opinion and to the best of our information and according to
the explanation given to us, said statement of accounts read together
with notes thereon, give the information required by the Companies Act,
1956, in the manner so required and give a true and fair view:
I) In the case of the Balance Sheet, of the State of affairs of the
Company as at 31st March, 2011
II) In the case of the Profit & Loss Account, of the profit of the
company for the year ended on that date; and
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
(i) In respect of Fixed Assets:
(a) The Company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets on the
basis of information available.
(b) As explained to us, all the assets have been physically verified by
the management in a phased periodical manner, which, in our opinion, is
reasonable having regard to the size of the company and the nature of
its assets. No material discrepancies were noticed on such
verification.
(c) In our opinion, the company has not disposed off a substantial part
of fixed assets during the year and going concern status of the company
is not affected.
(ii) In respect of Inventories:
The company does not hold any Inventory at the end of the year; hence
clause (ii) of the Order is not applicable to the company.
(iii) In respect of loans, secured or unsecured, granted or taken by
the company to/from companies, firms or other parties covered in the
Register maintained under section 301 of the Companies Act, 1956:
(a) In our opinion and according to the Information and Explanations
given to us the company has not taken any loans, secured or unsecured,
from companies, firms or other parties listed in the register
maintained under Section 301 of the Companies Act, 1956. Consequently,
the requirements of Clauses (iii) (f) and (iii) (g) of paragraph 4 of
the Order are not applicable.
(b) The company has also not granted any unsecured loan to companies,
firms and other parties covered in the register maintained under
Section 301 of the Companies Act, 1956;
(iv) In our opinion and according to the information and explanation
given to us, there is an adequate internal control system commensurate
with the size of the company and the nature of its business with regard
to purchases of inventory, fixed assets and with regard to the sale of
goods and services. During the course of our audit, we have not
observed any continuing failure to correct major weakness in internal
control system.
(v) In respect of Contracts or arrangements referred to in section 301
of the Companies Act, 1956.
In our opinion and according to the information and explanation given
to us, there have no transactions been made in pursuance of contracts
or arrangements, that need to be entered in the Register maintained
under section 301 of the Companies Act 1956. Hence, clause (v) of
paragraph 4 of the Order is not applicable to the Company.
(vi) In our opinion and according to the information and explanation
given to us, the company has not accepted any deposits from the Public.
Therefore, the provisions of Clause (vi) of paragraph 4 of the order
are not applicable to the company.
(vii) In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The Central government has not prescribed maintenance of cost
records under clause (d) of sub-section-(1) of section 209 of the
Companies Act, 1956 in respect of certain manufacturing activities of
the company. Therefore, the provisions of clause (viii) are not
applicable to the company.
(ix) In respect of statutory dues:
According to the records of the company, the company is regular in
depositing with appropriate authorities undisputed statutory dues
including provident fund, investor education protection fund, income
tax and other statutory dues applicable to it. According to the
information and explanation given to us, no undisputed amounts payable
in respect of income tax, wealth tax, sales tax, service tax, customs
duty and excise duty were outstanding, as at 31st March, 2011 for a
period of more than six months from the date they become payable.
(x) The company does not have any accumulated losses. The company has
not incurred any cash losses during the financial year covered by our
audit and in the immediately preceding financial year.
(xi) Based on our audit procedures and according to the information and
explanation given by the management, we are of the opinion that the
company has not borrowed funds from the financial institutions, banks
or debenture holders, hence clause (xi) of paragraph 4 of the order is
not applicable to the company.
(xii) Based on our examination of documents and records, we are of the
opinion that the company has not granted loans and advances on the
basis of security by way of pledge of shares, debentures and other
securities.
(xiii) In our opinion, the company is not a chit fund/nidhi/mutual
benefit fund/society. Therefore, the provisions of clause (xiii) of
paragraph 4 of the order are not applicable to the company.
(xiv) Based on our examination of the records and evaluation of the
related internal controls, we are of the opinion that the company has
maintained proper records of dealing or trading in shares, securities,
debentures and other Investments and timely entries have been made
therein. We also report that the company has held the shares,
securities, debentures and other investment in its own name.
(xv) The company has not given any guarantee for loans taken by others
from bank or financial institutions.
(xvi) According to information and explanations given to us, the
company has not raised any term loans; hence clause (xvi) of paragraph
4 of the Order is not applicable to the company.
(xvii) In our opinion and according to the information and explanation
given to us and an overall examination of the Balance Sheet of the
company, we are of the opinion that no funds raised on short term basis
that have been used for long term investment.
(xviii) During the year, the company has not made any preferential
allotment of shares.
(xix) The company has not issued debentures and hence requirement of
reporting regarding creation of security or charge in respect of
debentures issued does not arise.
(xx) The company has not raised any money by way of public issue during
the year.
(xxi) Based upon the audit procedures performed and as per information
and explanation given by the management, we report that no fraud on or
by the company has been noticed or reported during the year.
FOR AGRAWAL DUGAR & ASSOCIATES
Chartered Accountants
Firm Regn. No. 005840N
Sd/-
Vinod Kumar Dugar
Partner
Membership No: 084262
New Delhi
Date: 13th May, 2011
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