मैट्रिक्स
 
 
moneycontrol.com भारत | लेखा परीक्षकों की रिपोर्ट > Construction & Contracting - Housing > लेखा परीक्षकों की रिपोर्ट से साउदर्न शेलटर्स लिमिटेड - बीएसई: 523774, NSE: N.A

साउदर्न शेलटर्स लिमिटेड

बीएसई: 523774  |  NSE: N.A  |  ISIN: INE271F01018  |  Construction & Contracting - Housing

खोजें साउदर्न शेलटर्स लिमिटेड कनेक्शन
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '02
We have audited the attached Balance Sheet of SOUTHERN SHELTERS
 LIMITED, as at 31st March 2002 and also the Profit and Loss Account for
 the year ended on that date annexed thereto. These financial statements
 are the responsibility of the Companys management. Our responsibility
 is to express an opinion on these financial statements based on our
 audit.
 
 We conducted our audit in accordance with 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 misstatements. An audit includes
 examining, on basis, evidence supporting the amounts and disclosure in
 the financial statements. An audit also includes the assessing the
 accounting principles used and significant estimates made by
 management, as well as evaluating the overall financial statements
 presentation. We believe that our audit provides a reasonable basis
 for our opinion.
 
 1. As required by the Manufacturing and Other Companies (Auditors
 Report) Order, 1988 issued by the Central Government of India in terms
 of sub-section (4A) of Section 227 of the Companies Act, 1956, we
 enclose in the Annexure 2 a statement in the matters specified in
 paragraphs 4 and 5 of the Order.
 
 2. Further to our comments in the Annexure referred to above, we
 report that:
 
 (i) We have obtain all the information and explanations, which to the
 best of our knowledge and belief were necessary for the purpose of our
 audit;
 
 (ii) In our opinion, proper books of accounts as required by law have
 been kept by the company so far as appears from our examination of
 those books.
 
 (iii) The Balance Sheet and Profit and Loss account dealt with by this
 report are in agreement with the books of account.
 
 (iv) In our opinion, the Balance Sheet and Profit and Loss Account
 dealt with by this report comply with the accounting standards referred
 to in sub-section (3C) of Section 211 of the Companies Act, 1956 except
 the non Compliance of AS 22 regarding Accounting of Taxes on Income
 order note No. A(14) of Schedule M
 
 (v) On the basis of written representation received from the directors,
 as on 31st March 2002 and taken on record by the Board fo directors, we
 report that none of the director is disqualified as on 31st March 2002
 from being appointed as a director in terms of clause (g) of
 sub-Section 274 of the Companies act, 1956;
 
 (vi) In our opinion and to the best of our information and according to
 the explanation given to us, the Balance Sheet and Profit & Loss
 Account read together with notes thereon and subject to Note No. A(2)
 of schedule M regarding with non provision of Interest on Unsecured
 Loan, Note No. A(6)(a) of Schedule M regarding non reconciliation of
 the Unclaimed dividend account, Note NO. A(7) of Schedule M regarding
 postponement of charging of relevant Miscellaneous Expenditure, Note
 No. A(8) of Schedule M regarding non compliance with the P. F Act and
 ESI act and non creation of Gratuity Fund, Note No. A(9) of Schedule
 M regarding Non accounting of certain items of Expenditure on accrual
 basis, and Note No. B(1) of Schedule M regarding the Non confirmation
 of balances, give the information required by the Companies Act, 1956,
 in the manner so required and give a true and fair view:
 
 (a) In the case of the Balance Sheet, of the state of affairs of the
 Company as at 31st March 2002; and
 
 (b) In the case of the Profit and Loss Account, of the Profit for the
 year ended on that.
 
 ANNEXURE TO AUDITORS REPORT
 
 1. The Company is maintaining proper records showing full particulars
 of fixed assets including quantitative details and situation of fixed
 assets. As informed to us, the fixed assets have been physically
 verified by the Management and no discrepancies have been noticed on
 such verification.
 
 2. None of the fixed assets have been revalued during the period.
 
 3. Raw Materials stores were physically verified by the management
 during the year and the frequency of physical verification of stocks
 followed by the management is reasonable and adequate in relation to
 the size of the company and the nature of its business. The
 discrepancies between the physical stocks and the book stocks, which
 were not significant, have been properly dealt with in the accounts.
 
 4. In our opinion, the valuation of stocks of stores and raw materials
 is fair and proper and is in accordance with the normally accepted
 accounting principles.
 
 5. The company has taken unsecured loan from Mr. R. Rajasankar,
 Director (closing balance as on 31.03.2002, Rs. 8,72,628/- and the
 maximum outstanding balance during the year Rs. 11,26,092/- for which
 no interest has been provided.
 
 6. The company has not granted any Secured or Unsecured loan during the
 year.
 
 7. The company has given loans or advances in the nature of loans to
 its employees and other parties and they are repaying the principal
 amounts as stipulated and are also regular in the payment of interest
 where applicable.
 
 8. In our opinion, and according to the information and explanations
 given to us, there is adequate internal control procedure commensurate
 with the size of the company and the nature of its business for
 purchase of stores, raw materials, plant & machinery equipments and
 other assets and for sale of goods.
 
 9. As far as we have been able to ascertain and according to the
 information and explanations given to us, the transaction of purchase
 of goods and materials and sale of goods, materials and service made in
 pursuance of contracts or arrangements entered in the register
 maintained under Section 301 of the Companies Act, 1956 and aggregating
 during the year to Rs. 50,000/- or more in respect of each party have
 been made at prices which are reasonable having regard to the
 prevailing market prices for such goods and services or the prices at
 which transactions for similar goods, materials or services have been
 made with other parties.
 
 10. As explained to us, the company has regular procedure for the
 determination of unserviceable or damaged stores, raw materials and
 necessary adjustments for the losses have been made in the accounts.
 
 11. The company has not accepted any Fixed Deposits from the public
 during the year.
 
 12. According to the information and explanations given to us the
 companys operations do not generate scrap or by-products.
 
 13. In our opinion and according to the information provided to us, the
 company has an adequate internal audit system commensurate with the
 size and nature of its business.
 
 14. We are informed that the Central Government has not prescribed the
 maintenance of cost records under Section 209(1) (d) of the Companies
 Act, 1956.
 
 15. The provisions of Provident Fund and Employees State Insurance Act
 are yet to be complied with by the company.
 
 16. According to the information and explanations given to us, there
 are no undisputed amounts payable in respect of Income-tax, Wealth-tax,
 Customs Duty and Excise Duty which have remained outstanding as at 31st
 March 2002 for a period of more than Six months from the date on which
 they became payable. Sales tax liability was outstanding for the year
 1993-94 to 1996-97 consequent to the amendment in the T. N. G. S. T Act
 pending determination by assessment.
 
 17. As per the information and explanations given to us, no personal
 expenses of Employees or Directors have been charged to revenue
 account, other than those payable under contractual obligations or in
 accordance with generally accepted business practice.
 
 18. The company is not a sick industrial company within the meaning of
 Clause `O of sub-section (1) of Section 3 of the sick industrial
 Companies (Special Provisions) Act, 1985.
 
                                                  FOR KRISHNAN & SEKARAN
                                                   CHARTERED ACCOUNTANTS
 
 CHENNAI                                                V. RADHAKRISHNAN
 31.08.2002                                                      PARTNER
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `915 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `262 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `877 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `63 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1049 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `215 Cr की बिकवाली की
  • MACQUARIE ON ICICI BANK : Outperform रेटिंग, लक्ष्य बढ़ाकर `615/Sh
  • CITI ON TATA STEEL : SELL रेटिंग, लक्ष्य `330/Sh
  • NOMURA ON APOLLO HOSPITALS : BUY रेटिंग, लक्ष्य बढ़ाकर `1787/Sh
  • CS ON INDIGO : Outperform रेटिंग, लक्ष्य `1900/Sh

अभी देखें

टैक्स गुरु

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.