Market
BSE Prices delayed by 5 minutes... << Prices as on Mar 28, 2024 - 3:11PM >>  ABB India  6356.75 [ 1.23% ] ACC  2491.85 [ 1.44% ] Ambuja Cements  613.5 [ 1.96% ] Asian Paints Ltd.  2839.7 [ 0.34% ] Axis Bank Ltd.  1046.6 [ -0.66% ] Bajaj Auto  9143.6 [ -0.30% ] Bank of Baroda  263.7 [ 1.87% ] Bharti Airtel  1228.1 [ 0.28% ] Bharat Heavy Ele  247.5 [ 1.89% ] Bharat Petroleum  602.85 [ 1.32% ] Britannia Ind.  4922.6 [ 0.06% ] Cipla  1492.5 [ 1.79% ] Coal India  433.9 [ 0.73% ] Colgate Palm.  2703.1 [ 1.72% ] Dabur India  522.8 [ 0.26% ] DLF Ltd.  896.55 [ 1.79% ] Dr. Reddy's Labs  6161.75 [ 1.89% ] GAIL (India)  180.95 [ 0.39% ] Grasim Inds.  2279.95 [ 3.35% ] HCL Technologies  1539.65 [ -0.49% ] HDFC  2729.95 [ -0.62% ] HDFC Bank  1445.3 [ 0.32% ] Hero MotoCorp  4708 [ 3.01% ] Hindustan Unilever L  2262.5 [ 1.00% ] Hindalco Indus.  558.55 [ 0.18% ] ICICI Bank  1090.85 [ 0.63% ] IDFC L  110.35 [ -0.85% ] Indian Hotels Co  590.7 [ 0.85% ] IndusInd Bank  1551.15 [ 1.17% ] Infosys L  1492.65 [ 0.58% ] ITC Ltd.  427.5 [ -0.12% ] Jindal St & Pwr  847.75 [ 1.67% ] Kotak Mahindra Bank  1781.6 [ 0.34% ] L&T  3755 [ 1.32% ] Lupin Ltd.  1615.05 [ 1.05% ] Mahi. & Mahi  1918.65 [ 2.12% ] Maruti Suzuki India  12571.6 [ 0.41% ] MTNL  32.99 [ -2.80% ] Nestle India  2621 [ 2.09% ] NIIT Ltd.  105.85 [ -2.44% ] NMDC Ltd.  201.45 [ 1.21% ] NTPC  335.1 [ 1.35% ] ONGC  267.75 [ 2.25% ] Punj. NationlBak  124.25 [ 1.22% ] Power Grid Corpo  276.15 [ 1.88% ] Reliance Inds.  2971 [ -0.56% ] SBI  751.5 [ 2.38% ] Vedanta  271.2 [ -0.15% ] Shipping Corpn.  208.6 [ 3.34% ] Sun Pharma.  1619.6 [ 0.72% ] Tata Chemicals  1081.85 [ -2.61% ] Tata Consumer Produc  1094.8 [ 0.50% ] Tata Motors Ltd.  990 [ 1.14% ] Tata Steel  155.4 [ 1.67% ] Tata Power Co.  393.7 [ 1.38% ] Tata Consultancy  3870.05 [ 0.85% ] Tech Mahindra  1245.85 [ -0.62% ] UltraTech Cement  9737.95 [ 1.17% ] United Spirits  1135.4 [ -0.25% ] Wipro  479.5 [ 1.55% ] Zee Entertainment En  138.7 [ -1.87% ] 
Fruition Venture Ltd. Auditor Report
Search Company 
You can view full text of the latest Auditor's Report for the company.
Market Cap. (Rs.) 24.36 Cr. P/BV 4.49 Book Value (Rs.) 13.56
52 Week High/Low (Rs.) 69/26 FV/ML 10/1 P/E(X) 292.79
Bookclosure 25/09/2023 EPS (Rs.) 0.21 Div Yield (%) 0.00
Year End :2015-03 
We have audited the accompanying standalone financial statements of Fruition Venture Limited (Formerly known as Indo Websec Limited) ("the Company"), which comprise the Balance Sheet as at March 31, 2015, and the Profit and Loss Statement and Cash Flow Statement for the year then 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 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 financial statements based on our audit.

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 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 the Company's preparation and fair presentation of the financial statements 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 control system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of 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 statement.

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 March31, 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 sectionl43 of the Act, we give in the Annexure, a statement on the matters Specified in paragraphs 3 and 4 of the Order.

2, As required by section 143(3) of the Companies Act, 2013, 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 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, the 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 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 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 Companies Act,2013.

Annexure referred in Our Report of even date to the members of Fruition Venture Limited (Formerly known as Indo Websec Limited) on the accounts of the company for the year ended 31st March, 2015

On the basis of such checks as we considered appropriate and according to the information and explanations given to us during the course of our audit, we report that:

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets ;

(b) As explained to us, fixed assets have been physically verified by the management at regular intervals; as informed to us no material discrepancies were noticed on such verification;

(ii) The nature of business of the Company does not require it to have any inventory. Hence, the requirement of clause (ii) of paragraph 3 of the said Order is not applicable to the Company

(iii) The company has not granted any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained under section 189 of the Act,

(iv) In our opinion and according to the information and explanations given to us, there is adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of fixed assets and for the sale of goods and services. Further, on the basis of our examination of the books and records of the Company and according to the information and explanations given to us, no major weakness has not been noticed or reported.

(v) The Company has not accepted any deposits from the public covered under Section 73to 76 of the Companies Act, 2013

(vi) As informed to us, the Central Government has not prescribed maintenance of cost records under sub- section (1) of Section 148 of the Act

(vii) (a) According to the information and explanations given to us and based on the records of the company examined by us, the company, is regular in depositing the undisputed statutory dues, including Income-tax with the appropriate authorities in India ; However Provident Fund, Investor Education and Protection Fund, Employees State Insurance and Sales Tax are not applicable to the company during the year.

(b) According to the information and explanations given to us and based on the records of the company examined by us, there are no dues of Income Tax which have not been deposited on account of any disputes

(c) There has not been an occasion in case of the Company during the year under report to transfer any sums to the Investor Education and Protection Fund. The question of reporting delay in transferring such sums does not arise as at 31st March, 2015

(viii) The accumulated losses of the company as at 31st March 2015 are less than fifty percent of its net worth. The company has not incurred cash loss during the current financial year covered by the audit and in the immediately preceding financial year.

(ix) Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holders,

(x) In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loan taken by others from. a bank or financial institution during the year

(xi) In our opinion, and according to the information and explanations given to us, the company has not raised any term loans during the year.

(xii) During the course of our examination of the books and records of the company, carried in accordance with the auditing standards generally accepted in India, we have neither come across any instance of fraud on or by the Company noticed or reported during the course of our audit nor have we been informed of any such instance by the Management.

For P. Aggarwal & Associates Chartered Accountants FRN:03086N

Sd/ Pradeep Aggarwal Partner Membership No. s 081984

Place: New Delhi Date:12.05.2015


KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKETS - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY (BROKER, DP, MUTUAL FUND ETC.), YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY. | PREVENT UNAUTHORISED TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS
 
Disclaimer Clause | Privacy | Terms of Use | Rules and regulations | Feedback| IG Redressal Mechanism | Investor Charter | Client Bank Accounts
Right and Obligation, RDD, Guidance Note in Vernacular Language
Attention Investors : "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
  "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
  "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."
Regd. Office: 76-77, Scindia House, 1st Floor, Janpath, Connaught Place, New Delhi – 110001
NSE CASH , NSE F&O,NSE CDS| BSE CASH ,BSE CDS |DP NSDL | MCX-SX SEBI NO: INZ000155732
KK Comtrade Pvt Ltd. : Member - MCXINDIA (Commodity Segment) , SEBI NO: INZ000034837
Mumbai Office: 52, Jolly Maker Chamber 2, Nariman Point, Mumbai - 400021, Tel: 022-45106700, Toll Free Number: 1800-103-6700

Compliance Officer: Mukesh Rustagi, Company Secretary, Tel: 011-46890000, Email: mukesh_rustagi80@hotmail.com
For grievances please e-mail at: kkslig@hotmail.com

Important Links : NSE | BSE | SEBI | NSDL | Speed-e | CDSL | SCORES | NSDL E-voting | CDSL E-voting
Copyrights @ 2014 © KK Securities Limited. All Right Reserved
Designed, developed and content provided by