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वोरिन लेबोरेटरीज

बीएसई: 524508  |  NSE: N.A  |  ISIN: INE331D01015  |  Pharmaceuticals

खोजें वोरिन लेबोरेटरीज कनेक्शन
लेखा परीक्षकों की रिपोर्ट वर्षांत : Dec '01
We have audited the attached balance sheet of VORIN LABORATORIES
 LIMITED as at 31st December, 2001 and also the profit and loss account
 of the Company for the year ended on that date and report that:
 
 1. As required by the Manufacturing and other Companies (Auditors'
 Report) Order, 1988 issued by the Company Law Board in terms of section
 227(4 A) of the Companies Act, 1956 we enclose in the Annexure a
 statement on the matters specified in paragraphs 4 and 5 of the said
 order.
 
 2. Further to our comments in the Annexure referred to in Paragraph 1
 above.
 
 a. We have 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, the Company has kept proper books of account as
 required by law so far as appear from our examination of such books.
 
 c. The balance sheet and the profit and loss account dealt with by
 this report are in agreement with the books of account and records.
 
 d. Subject to above, in our opinion and to the best of our information
 and according to the explanations given to us, the accounts read
 together with the notes thereon comply with the accounting standards
 referred to in subsection 3(C) of section 211 of the Companies Act,
 1956 and 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 December 2001; and
 
 ii. in the case of the profit and loss account, of the loss for the
 year ended on that date.
 
 e. On the basis of the written representations received from the
 directors as on 31st December, 2001 and taken on record by the Board of
 Directors, we report that none of the directors is disqualified as on
 31st December, 2001 from being appointed as a director in terms of
 clause (g) of sub-section (1) of section 274 of the Companies Act,
 1956.
 
 ANNEXURE TO THE AUDITORS' REPORT
 
 i. The Company has maintained proper records showing ful particulars
 including quantitative details and situation of fixed assets. The
 management has conducted physical verification of all the assets during
 the period, and no discrepancies were noticed on such verification. In
 our opinion the frequency of physical verification is reasonable having
 regard to the size and nature of the business of the Company.
 
 ii. There has been no revaluation of fixed assets during the period.
 
 iii. The management has conducted physical verification in respect of
 finished goods, stores, spare parts and raw.materials at reasonable
 intervals during the period. In our opinion the frequency of
 verification is reasonable.
 
 iv. The procedures of physical verification of stocks followed by the
 management are reasonable and adequate in relation to the size of the
 Company and nature of its business.
 
 v. The discrepancies between the physical stocks and book stock, which
 have been properly dealt with were not material in relation to the size
 of the Company's operations.
 
 vi. In our opinion the valuation of stocks is fair and proper in
 accordance with the normally accepted accounting principles and is on
 the basis as in the preceding year.
 
 vii. The Company has not taken any loans, secured or unsecured, from
 the companies, firms or other parties listed in the register maintained
 under section 301 of the Companies Act, 1956 and/or form the companies
 under the same management as defined under sub-section (1B) of section
 370 of the Companies Act, 1956.
 
 viii. The Company has granted unsecured loans to companies, or firms
 or other parties listed in the register maintained under section 301 of
 the Companies Act, 1956 and/or the companies under the same management
 as defined under sub section (1B) of section 370 of the Companies Act,
 1956. In our opinion the terms and conditions and rate of interest of
 such loans are prima-facie not prejudicial to the interest of the
 company.
 
 ix. In our opinion and according to the information and explanations
 given to us, the loans or advances in the nature of loans given by the
 Company are being repaid by the parties as per stipulations and are
 regular in payment of interest.
 
 x. 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 the nature of its business with regard
 to the purchase of stores, raw materials including components, plant
 and machinery, equipment and other assets and for the sale of goods.
 
 xi. As explained to us the Company has made transactions of the
 purchase of goods and materials and sale of goods, materials and
 services from Matrix Laboratories Ltd & Fine Drugs and Chemicals Ltd in
 pursuance of contracts of arrangement required to be entered in the
 register maintained under section 301 of the Companies Act, 1956, and
 the transactions are at reasonable prices, with regards to the
 prevailing market prices.
 
 xii. As explained to us, the Company has a regular procedure for
 determination of unserviceable or damaged stores, raw materials, or
 finished goods and in our opinion adequate provision has been made in
 the accounts in this respect.
 
 xiii. The company has not accepted any deposit from the public within
 the meaning of section 58A of the Companies Act, 1956 read with the
 Companies (Acceptance of Deposits) Rules, 1975.
 
 xiv. As per the information and explanations given to us, the Company
 has no by-products but the production process result in generation of
 realizable scrap and reasonable records are being maintained.
 
 xv. In our opinion and according to the information and explanations
 given to us, the Company has an internal audit system commensurate with
 its size and nature of its business.
 
 xvi. On the basis of the records produced, we are of the opinion that
 prima-facie, the cost records and accounts prescribed by the Central
 Government under section 209(1)(d) of the Companies Act, 1956 have been
 maintained.
 
 xvii. The Company has generally been regular in depositing provident
 fund and employees' state insurance dues with the appropriate
 authorities.
 
 xviii. There were no undisputed amounts payable in respect of
 income-tax, wealth-tax, sales-tax, customs duty and excise duty which
 were outstanding, as at 31st December, 2001 for a period of more than
 six months from the date the same became payable.
 
 xix. According to 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.
 
 xx. The Company is not a sick industrial company within the meaning of
 clause (o) of the subsection (1) of section (3) of the Sick Industrial
 Companies (Special Provisions) Act, 1985.
 
 xxi. There are no damaged trading stocks and the question of providing
 for loss does not arise.
 
                                                 For Beldi & Associates
                                                  Chartered Accountants
 
 Place: Hyderabad                                         BELDI SRIDHAR
 Dated: 29 March, 2002                                          Partner
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `653 Cr की खरीदारी की
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  • MARKET CUES : इंडेक्स ऑप्शंस में `1002 की खरीदारी की
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  • IN F&O BAN : F&O बैन में Yes Bank शामिल
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  • MMTC / NMDC / BHEL : NINL में 100% हिस्सेदारी बेचेगी सरकार
  • ALLCARGO : `75/Sh के भाव पर Gati को खरीदा
  • COAL MINISTRY ON JSPL : Gare Palma ब्लॉक की बोली पर विचार जारी

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