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विश्व विशाल इंजीनियरिंग लिमिटेड

बीएसई: 512321  |  NSE: N.A  |  ISIN:  |  Hotels

खोजें विश्व विशाल इंजीनियरिंग लिमिटेड कनेक्शन Mar 09
लेखा परीक्षकों की रिपोर्ट वर्षांत : Mar '10
We have audited the attached Balance Sheet Of VISHVA VISHAL
 ENEGINEERING LTD as at 31st MARCH, 2010 and also the profit & Loss
 Account and the cash Flow Statement for the year ended on that date
 these financial statements are the responsibility of the company's
 management . our responsibility is to express an opining 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 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 management, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis of 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 We annex hereto a statement on the matters specified in paragraphs 4 and 5 of the said order.

2. Futher to our comments in the Annexure referred to in paragraph (1) above, We stste 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 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 & 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 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 written representation from the directors as on 31st March, 2010, and taken on records by the Board of Directors in their meeting, We report that, none of the directors is disqualified as on 31st March, 2010 from being appointed as 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 inforation and according to the explanations given to us, the said accounts read together with the significant Accounting policies, and other Notes thereon give the information required by the Companies aCT, 1956, in the manner so required and give a true and fair view in confonnily with the accounting principles generally accepted in India;

i) in thecase of Balance Sheet of the state of allains of the Company as at 31st March, 2010

ii) in the case of the Profit & Loss Account, of the profit for the year ended on that date; and

iii) in the case of Cash Flow Statement, of the cash flows for the year ended on the date.

Annexure to the Auditors' Report (Referred to in paragraph (1) of our report of even date)

i) In respect of its Fixed Assets:

a) the company has maintained proper records showing full particulars including quantitative Mails and situation to fixed assets on the basis to available information.

b) As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, which in our opinion is reasonable having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such physical verification.

c) In our opinion and according to the information & explanations given to us, the manufacturing activity of its Gas Division has been discontinued in the past. A major part of the assets of this division has been disposed off/ written off over in the past years .Some of the assets have been written off / disposed off during the year.

ii) In respect of its Inventories:-

a) As explained to us, the Inventories have been physically verified by the management during the year In our opinion, the frequency of verification is reasonable.

b) In our opinion and according to the information and explanation given to us the procedures of physical verification of stocks followed by the management were found to be reasonable and adequate in relation to the size of the company and nature of business.

c) In our opinion and according to the information and explanations given to us the company is maintaining proper records of inventory. The discrepancies noticed on verification between physical stock and book records were not significant and the same have been properly dealt with in the books of account.

iii) In respect of the loans, secured and unsecured, granted or taken by the company to/from companies firms and other parties covered in the register maintained u/s 301 of the Companies Act, 1956:-

a) According to the information and explanations given to us, the company has not granted loans to any of the parties listed in the register maintained u/s 301 of the Companies Act, 1956. Accordingly paragraphs 4 (iii) (a), (b), (c) and (d) of the Companies (Auditors' Report) Order 2003 (as amended) are not applicable.

b) The company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained u/s 301 of the Companies Act, 1956. Accordingly paragraphs.

V) our opinion and according to the information and explanation given to us during the course of our audit, there are adequate internal control system commensurate with the size of the company and the nature of its business with regard to the purchases of stores, raw-materials, plant & machinery, equipments and other assets and for the sale of goods and services. During the course of our audit, no major weaknesses have been noticed in the internal control system.

v) In respect of the transaction covered u/s 301 of the Companies Act 1956:-

a) To the bees our knowledge and belief and according to the information and explanations given to us, we of I lie opinion that the particulars of contracts or arrangements that need to be entered into the register inane; lined u/s 301 of the Companies Act, 1956 have been so entered.

b) In our opinion and according to though information given to us the transactions made in pursuance of the contracts or arrangements entered in the register maintained u/s 301 of the Companies Act, 1956 nitro lain dining though year lo Rs.5,00,000/- or more in respect to any party were made at prices while aye unsociable having laggard lo prevailing market prices at the relevant time where such market prices are available.

Vi)In our opinion and according to the information and explanations given to us, the company has not accepted any deposits from the public during the year to which tin.- directives issued he I he Reserve Hank old India and the provisions of section 58A & 58AA or any other relevant provisions of the Act and the rules made there under are applicable.

vii) In our opinion, the company has an adequate internal audit system commensurate wily the is/e and nature old its business.'

viii) to tire best of our knowledge and as explained to us, the Central Government has not prescribed the maintenance of cost records under section 209(1)(d) of the Companies Act, I95G for any of though products manufactured by the company.

ix) In respect of statutory dues:-

a) According to the information are d explanations given to us, undisputed statutory dues including Provident Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty and 0ther dues have been regularly deposited with the appropriate authorities barring sight delay in few cases. According to the information and explanations given to us no undisputed amounts payable in respect of the aforesaid dues were outstanding as at 31st March 2010 for a period of) more than six months from the date of becoming payable.

b) The disputed statutory dues that have not been deposited on account of matters pending before appropriate authorities are as follows:

Sl Name of Statute Nature of Dues Forum where dispute is pending

1 Central Sales Tax Act, 1956 and CG Sales Tax Dy. Comm, of Sales Tax Sales Tax Act of

various states Entry Tax - do - CST - do - 2 Central Excise Act, 1944 Excise Duty Central Excise & Service Tax Appellate Tribunal (CESTAT) Commissioner (Appeals)

3 Central Excise Act, 1944 Service Tax Central Excise & Service Tax Appellate Tribunal. (CESTAT)

4 Employees' State Insurance Act 1948 ESI Hon. High Court Chhattisgarh

5 Municipal Corporation, Bhilai Terminal Tax Hon. High Court Chhattisgarh

Name of Period Amount Statute in lacs Central Sales 1993-1994 2.40 Tax Act, 1956 and

Sales Tax Act of 1999-2008 2.38

various states 2005-2006 2.87

Total 7.65

Central Excise Act, 1944 2005-2006 3.62

1995-1996 3.34

Total 6.96

Central Excise Act, 1944 2007-2008 0.98

Employees' State Insurance

Act 1948 01.04.1991 to 36.81 31.03.1998

Municipal

Corporation,

Bhilai May 1999 to 18.18

March 2009

x) The company has no accumulated losses as at 31st March, 2010 and has not incurred any cash loss during the financial yen ended on that date and in the immediately preceding financial year.

xi) leased on out audit procedures and on the basis of information and explanations given by the management, we are old Hoe opinion dhal the company has not defaulted in the repayment of duos lo financial institutions, bank and debentures holders. '

xii) In our opinion and according to the information and explanation given lo us, the Company has not granted any loan:, or advance on the basis of security he way of pledge of shares, debentures or other securities.

Xiii) The information's and explanations given to us the company has not issued an secured debentures during the period covered by our report. Accordingly, the provisions of clause 4(xix) of the Companies (Auditor's Report) Order 2003 are not applicable to the company.

xx) During the period covered by our audit report, the company has nut raised any money by way of public issue.

xxi) In our opinion and according to the information and explanation given to us, no fraud on or by the company has been noticed or reported during the year, that causes the financial statements to be materially misstated.

For M/s TAUNK & SRIKANTH

Chartered Accountants

(Registration no.001524C)

Place : Bhilai (N.K.TAUNK)

Dated : 26.08.2010 partner

Membership No. 30421

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1116.79 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `450.36 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `58.91 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1197.47 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1280 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `22.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.60 Cr की बिकवाली
  • CS ON AUROBINDO PHARMA : रेटिंग Neutral से घटाकर Underperform
  • CS ON AUROBINDO PHARMA : लक्ष्य `450/Sh से घटाकर `345/Sh
  • HSBC ON BAJAJ FIN : BUY रेटिंग, लक्ष्य `4,860 से घटाकर `3,750/Sh

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