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वेंकटरमन होटल्स लिमिटेड

बीएसई: 523234  |  NSE: N.A  |  ISIN:  |  Hotels

खोजें वेंकटरमन होटल्स लिमिटेड कनेक्शन Mar 08
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '09
We have audited the attached Balance Sheet of CARE INSTITUTE OF MEDICAL
 SCIENCES LIMITED as on 31st March 2009 and the Profit and Loss Account
 of the Company 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 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 management, as well as evaluating the overall financial statement
 presentation.  We believe that our audit provides a reasonable basis
 for our opinion.
 
 1.  As required by the Companies (Auditors Report) Order, 2003, issued
 by the Central Government of India in terms of Section 227 (4A) of the
 Companies Act, 1956, and on the such checks of the books and records of
 the company as we considered appropriate and according to the
 information and explanations given to us, we enclose in the Annexure to
 statement on the matters specified in paragraphs 4 and 5of the said
 order.
 
 2.  Further to our comments in the Annexure referred to in Paragraph 1
 above we report that:
 
 a) We have obtained all the information and explanations which to the
 best of our knowredge 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 the
 books:
 
 c) The Balance Sheet and 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 and 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
 Companies Act, 1956.
 
 e) On the basis of the written representations received from the
 Directors, as on 31st March,2009, and taken on record by the Board of
 Directors, we report that none of the Directors of the company is
 disqualified as on 31st March,2009 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 explanations given to us, the said accounts 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, 2009 and,
 
 ii) In the case of the Profit and Loss Account, of the loss for the
 year ended on that date.
 
 iii) In the case of Cash Flow Statement of the cash flows for the year
 ended on that date.
 
 ANNEXURE TO THE AUDITORS REPORT
 
 1.  (a) The Company is in the process of preparation of records of the
 fixed assets to show full particulars including quantitative details
 and situation of fixed assets.
 
 (b) The Company has commenced the process of physical verification of
 the fixed assets in a phased manner. Pursuant to the programme a
 Physical verification was carried out during the year and in the
 process the Company has identified certain assets which were found to
 be obsolete or physically damaged and the same were impaired during the
 year. Except for the impaired Assets no other material discrepancies
 were noticed between the books and records and physical inventory.
 
 (c) In our opinion and according to the information and explanations
 given to us, substantial parts of the fixed assets have not been
 disposed off during the year.
 
 2.  (a) According to the information and explanations given to us the
 Company is not having any inventory in the stores.
 
 (b) As there is no stock of inventory the paragraphs 4(ii) (b) and (c)
 of the Companies (Auditors Report) Order, 2003 are not applicable.
 
 3.  (a) The company has not granted any new loans secured or unsecured
 during the year from companies, firms or other parties covered in the
 register maintained under section 301 of the Companies Act1956.
 However the Company has granted unsecured loans in the past to One (1)
 party, whose balance at the beginning of the financial year is Rs.4.70
 lakhs.
 
 (b) There are no specific terms and conditions regarding the said
 loans. Hence we are unable to comment on the same, regarding the
 recovery and overdue amount.
 
 (c) The Company has not taken any new loans during the year from
 companies, firms or other parties covered in the register maintained
 under section 301 of the Companies Act1956. However the Company has
 taken an unsecured loan in the past from One (1) party whose balance at
 the beginning of the financial year was Rs. 24 Crores.
 
 (d) The said loan does not bear any interest and the other terms and
 conditions on which loans have been taken are not, prima facie,
 prejudicial to the interest of the company.
 
 (e) The said loan is not overdue for payment.
 
 4.  In our opinion and according to the information and explanations
 given to us, there are adequate internal control procedures
 commensurate with the size of the company and nature of its business
 with regard to purchase of inventory, fixed assets and with regard to
 the sale of goods or 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, we have neither come
 across nor have been informed of any continuing failure to correct
 major weaknesses in the aforesaid internal control system.
 
 5.  (a) In our opinion according to the information and explanations
 given to us, the transactions made in pursuance of contracts or
 arrangements that need to be entered in the register maintained under
 section 301 of the Companies Act, 1956 have been so entered.
 
 (b) In our opinion and according to the information and explanations
 given to us, the contracts or arrangements represent licence fees
 aggregating to Rs.32.40 Lakhs, which appears to be reasonable.
 
 6.  The company has not accepted any deposits from the public within
 the meaning of Sections 58 A and 58AA or any other relevant provisions
 of the Companies Act, 1956 and the rules framed there under.
 
 7.  The company is not having the system of formal internal audit since
 the company has no business operations except receipt of license fees.
 
 8.  The maintenance of cost records has not been prescribed by the
 Central Government under Section 209 (1) (d) of the Companies Act, 1956
 for any of the products of the company for the year under review.
 
 9.  (a) According to the information and explanations given to us, and
 according to books and records as produced and examined by us, in our
 opinion, the provisions of Provident fund, Employees State Insurance,
 Payment of Gratuity Act,1972, Service Tax and Sales Tax are not
 applicable to the company for the time being. There are no undisputed
 amounts payable in respect of income tax and wealth tax which were
 outstanding as at 31st  March 2009 for a period of more than six
 months from the date they became payable, except an amount of
 Rs.1,51,388/- payable towards TDS liability.
 
 (b) According to the information and explanations given to us, and
 according to records of the company examined by us, there are no
 disputed arrears as on the date of balance sheet except for the under
 mentioned details.
 
 S.No.    Name of the Statute        Nature of Liability
 
 1.       Expenditure Tax Act        Expenditure Tax
          Authority
          CBDT                       78.31
 
 10.  The accumulated loss as on 31st March 2009 is more than 50% of the
 net worth at the end of the financial year. The company has not
 incurred a cash loss during the financial year covered by our audit and
 has not incurred a cash loss in the immediately preceding financial
 year.
 
 11.  In our opinion and according to the information and explanations
 given to us, the company has not defaulted in repayment of dues to any
 bank. According to the information and explanations given to us the
 company has not borrowed any loan from a financial institution.
 
 12.  The company has not granted any loans or advances on the basis of
 security by way of pledge of shares, debentures and other securities.
 
 13.  In our opinion the company is not a chit fund or nidhi /mutual
 benefit fund/society. Therefore the provisions of clause 4 (xiii) of
 the Companies (Auditors Report) Order, 2003 are not applicable to the
 company.
 
 14.  In our opinion the company is not dealing in or trading in shares,
 securities, debentures and other investments. Accordingly the
 provisions of clause 4(xiv) of the Companies (Auditors Report) Order,
 2003 are not applicable to the Company.
 
 15.  According to the information and explanations given to us, the
 company has given a guarantee for loans taken by its Holding Company.
 In our opinion the terms and conditions are not prejudicial to the
 interest of the company.
 
 16.  In our opinion and according to the information and explanations
 given to us the company has not obtained any term loans.
 
 17.  According to the information and explanations given to us and on
 overall examination of the balance sheet of the company, we are of the
 opinion that the no funds raised on short-term basis have been used for
 long term investment.
 
 18.  According to the information and explanations given to us, the
 company has not made any preferential allotment of shares to parties
 and companies covered in the register maintained 301 of the Companies
 Act, 1956.
 
 19.  The company has not issued any debentures during the year and
 hence no security was issued in respect of Debentures.
 
 20.  During the year the company has not raised any money by public
 issue.
 
 21.  During the course of examination, of the books and records of the
 company, carried out in accordance with the generally accepted auditing
 practices in India, and according to the information and explanations
 to us, we have neither come across any instance of fraud on or by the
 company, noticed or reported during the year, nor have we been informed
 of any such case by the management.
 
                                                  for S V Rao Associates
                                                   Chartered Accountants
 
                                                                    Sd/-
                                                              (S.V. Rao)
                                                                 Partner
                                                     Membership No.23903
 
 Place:  HYDERABAD
 Date :  31-07-2009
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `5,024 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `248 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `10 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `162 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1358 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `1205 Cr की बिकवाली की
  • CLSA ON NIFTY 50 : सितंबर के निचले स्तर से बाजार में मजबूती का रूख
  • CLSA ON NIFTY 50 : निफ्टी 12118 के पार निकला तो 13,800 तक पहुंचना संभव
  • HSBC ON RELIANCE IND : BUY रेटिंग, लक्ष्य बढ़ाकर `1700/Sh
  • MACQUARIE ON IGL : Neutral रेटिंग, लक्ष्य बढ़ाकर `420/Sh

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