Independent Auditors Report
TO THE MEMBERS OF,
ALL TRADE MERCANTILE PRIVATE LIMITED,
Report on the Financial Statements
We have audited the accompanying nancial statements of All Trade Mercantile Private Limited
(the company), which comprise the Balance Sheet as at 31 March 2015, the Statement of
Prot and Loss for the year then ended, and a summary of signicant accounting policies and
other explanatory information.
The Companies (Auditors Report) Order, 2003, issued by the Central Government of India in
terms of Sub-Section 4A of Section 143 of the Companies Act, 2013 is not applicable to the
Company in terms of Para 1 of CARO, 2003.
Managements Responsibility for the Financial Statements
The Companys Board of Directors is responsible for the matters in section 134(5) of the
Companies Act, 2013 (the Act) with respect to the preparation of these nancial
statements that give a true and fair view of the nancial position, nancial performance and
cash ows of the Company in accordance with the accounting principles generally accepted in
India, including the Accounting Standards specied under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes the
maintenanc of adequate accounting records in accordance with the provision of the Act for
safeguarding of the assets of the Company and for preventing and detecting the 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 internal nancial control, that were operating eectively for ensuring the
accuracy and completeness of the accounting records,
relevant to the preparation and
presentation of the nancial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express an opinion on these nancial 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 specied 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 nancial
statements are free from material mis-statement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the nancial statements. The procedures selected depend on the auditors
judgment, including the as- sessment of the risks of material misstatement of the nancial
statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal nancial control relevant to the Com- panys preparation of the nancial
statements that give true and fair view in order to design audit proce- dures 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
Companys Directors, as well as evaluating the overall presentation of the nancial statements.
We believe that the audit evidence we have obtained is sucient and appropriate to provide
a basis for our audit opinion on the nancial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given
to us, the aforesaid nancial 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 aairs of the Company as at March 31,
2015;
b)
In the case of the Statement of Prot and Loss, of the prot for the year ended on that
date; and
Emphasis of Matters
We draw attention to the following matters in the Notes to the nancial statements:
a) There is no lawsuit led against the company.
b) The Company has no accumulated losses. The Company even reects a total cash inow
during the relevant year.
Our opinion is not modied in respect of these matters.
Report on other Legal and Regulatory Requirements
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 appears from our examination of those books.
c) The company does not have any branch oce.
d) The Balance Sheet and the Statement of Prot and Loss dealt with by this Report are in
agreement with the books of account.
e) In our opinion, the aforesaid nancial statements comply with the Accounting Standards
specied under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,
2014.
f) On the basis of written representations received from the directors as on 31 March, 2015,
taken on record by the Board of Directors, none of the directors is disqualied as on 31 March,
2015, from being appointed as a director in terms of Section 164(2) of the Act.
g) The going concern matter described in sub-paragraph (b) under the Emphasis of Matters
above, in our opinion, may have an adverse eect on the functioning of the company.
h) With respect to the other matters included in the Auditors Report and to our 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 nancial position
ii. The Company did not have any long-term contracts including derivatives contracts for which
there were any material foreseeable losses
iii. There were no amounts which required to be transferred to the Investor Education and
Protection Fund.
Place: New Delhi
for Kudsia & Associates
Date:
01.06.2015
Chartered Accountants
(FRN 00977IN)
Sd/Sameer Kudsia
Partner
Membership No. - 087957
