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Auditor Report of Ananthi Constructions Ltd.

Mar 31, 2012

1. We have audited the attached Balance Sheet of ANANTHI CONSTRUCTIONS LIMITED as at 31st March 2012 and also the Profit & Loss Account for the year ended on that date annexed thereto and the Cash Flow statement for the period ended on that date. These financial statements are the responsibility of the Company's Management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. 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 evaluating the over all financial statement presentation, We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies' (Auditor's Report) Order, 2003 and amended by the ' Companies' (Auditor's Report) (Amendment) Order, 2004 and according to the information and explanations given to us during the course of the audit and on the basis of such checks as were considered appropriate, we enclose in the Annexure a statement on the matters specified in paragraph 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to above, we report that:

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. The Balance sheet and profit and loss account dealt with by this report are in agreement with the books of account subject to above remark.

c. 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.

d. On the basis of the written representation received from the Directors, as on 31st March 2012 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2012 from being appointed as a Director in terms of Clause (g) of Sub-section (1) of Section 274 of the Companies Act, 1956.

5. In our opinion and to the best of our information, and according to the explanations given to us, the said financial statements, read together with the attachment schedules and notes forming part of accounts give the information required by the companies act, 1956, in the manner so required and present a true and fair view in conformity with the accounting principles generally accepted in India.

a. in the case of the Balance Sheet, of the state of affairs of the Company of as at 31st March 2012;

b. in the case of the Profit and Loss Account, of the Loss for the year ended on that date, and

c. in the case of Cash Flow Statement, of the Cash Flows for the period ended on that date.

Annexure to Auditors' Report

1) a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

b) The assets have been physically verified by the management in accordance with a phased programme of verification, which in our opinion is reasonable, considers the size and the nature of business. The frequency of verification is reasonable and discrepancies noticed on such physical verification were not maternal and have been properly dealt with in books of accounts.

c) The movable assets have been disposed during the year retaining immovable assets of the company.

2) a) the inventories have been physically verified by the management during the year at reasonable intervals.

b) The procedures of physical verification of the inventories followed by the management are reasonable and. adequate in relation to the size of the company and nature its business.

c) The company has maintained proper records of. inventories and, discrepancies noticed on physical verification of inventories as compared to book records were not material and have been appropriately dealt with.

3) a) During the year the company has not granted any loans to Companies, firms or other parties covered in the Register maintained under section 301 of the Companies Act, 1956.

b) There were no loans, secured or unsecured outstanding in the books of the company as no loans advanced by the company.

c) The Company has not taken any Loans from Companies, firms or other parties covered in the Register maintained under section 301 of the Companies Act, 1956, during the year under Audit.

4) There are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and for the sale of goods and services. There is no major weakness in the internal controlled. cedures.

5) a) The particulars of contracts or arrangement referred to in section 301 of the Act have been entered in the register, required to be maintained under that section.

b) There transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to prevailing market prices the relevant time.

6) The company has not accepted any Deposits from public attracting provisions of section 58 A and 58 AA of Companies Act, 1956. Or any other relevant provisions of the Act.

7) The Company has an adequate internal Audit system commensurate with its size and nature of its business.

8) The company is not covered by the order made by the Central Government for the maintenance of cost records under section 209(1) (d) of the Companies Act, 1956.

9) a) According to the information and explanations given to us and the records examined by us the company is regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investors, Education and Protection Fund, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and other statutory dues. According to the information, and explanations given to us, no undisputed arrears of statutory dues except Income Tax were outstanding as at 31st March, 2012 for a period of more than six months from the date they become payable.

b) There were no disputed statutory dues in the books of the company as on 31st March 2012 except Income Tax.

10) The accumulated losses as at the end of financial year has exceeded fifty percent of its net worth and has incurred cash loss in the immediately preceding Financial year.

11) The company has not defaulted in repayment of its dues to financial institution and banks.

12) During the year, the company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures or other securities.

13) The provisions of special statutes applicable to chit fund, Nidhi or mutual benefit fund/societies are not applicable to the company.

14) The company is not dealing or trading in shares, securities, debentures or other investment.

15) According to the information and explanation given to as, the company has not given any guarantee during the year for loans taken by others from bank and financial institutions.

16) The company has not availed any Term Loan during the year.

17) According to information and explanation given to as, and on, an overall examination of the balance sheet of the company we report that the company has not used funds raised on short term basis for long term investment.

18) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the companies Act, 1956.

19) During the year, the company has not issued debentures.

20) During the year, the company has not raised money by public issue.

21) According to the information and explanation given to as, and the book and records examined by us there are no frauds on or by the company that has been noticed or reported during the year.

For VIJAYARAGHAVAN & ASSOCIATES

Chartered Accountants

P.B.Vijayaraghavan

Partner

Place: Chennai

Date: 07-05-2012


Mar 31, 2011

We have audited the attached Balance Sheet of ANANTH CONSTUCTION LIMITED as at 31st March 2011 and also the profit & Loss Account for the year ended on that date annexed thereto and the Cash Flow Statement for the period ended on the date. These financial statements are the responsibility of the company's 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 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 evaluating the over all financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

As required by the Companies (Auditor's Report) Order, 2003 and amended by the Companies' (Auditor's Report) (Amendment) Order, 2004 and according to the information and explanations given to us during the course of the audit and on the basis of such checks as were considered appropriate, we enclose in the Annexure a statement on the matters specified in paragraph 4 and 5 of the said order.

1) 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.

iv) The Balance Sheet and Profit and Loss account dealt with by this report are in agreement with the books of account subject to above remark.

v) 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.

vi) On the basis of the written representation received from the Directors, as on 31st March 2011 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2011 from being appointed as a Director in terms of Clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

5) In our opinion and to the best of our information, and according to the explanations given to us, the said financial statements, read together with the attachment schedules and notes forming part of accounts give the information required by the companies act, 1956, in the manner so required and present a true and fair view in conformity with the accounting principles generally accepted in India.

a) in the case of the Balance Sheet, of the state of affairs of the Company of as at 31st March 2011;

b) in the case of the Profit and Loss Account, of the Loss for the year ended on that date, and

c) in the case of Cash Flow Statement, of the Cash Flows for the period ended on that date.

Annexure to Auditors' Report

1) a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

b) The assets have been physically verified by the management in accordant with a phased programme of verification, which in our opinion, is reasonable, considering the size and the nature of business. The frequency of verification is reasonable and discrepancies noticed on such physical verification were not material and have been properly dealt with the books of accounts

c) The movable assets have been disposed during the year relating immovable assets of the company.

2) a) the inventories have been physically verified by the management during the year at reasonable intervals.

b) The procedures of physical verification of the inventories followed by the management are reasonable and adequate In relation to the size of the company and nature of its business.

c) The company has maintained proper records of inventories and, discrepancies noticed on Physical verification of inventories as compared to book records were not material and have been appropriately dealt with.

3) a) During the year the company has not granted any loans to companies, firms or other parties covered in the Register maintained under section 301 of the Compares Act 1956.

b) There were no loans, secured or unsecured outstanding in the books of the company as no loans advanced by the company.

c) The company has not taken any Loans from Companies, firms or other parties covered in the Register maintained under section 301 of the Companies Act, 1956, during the year under Audit.

4) There are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and for the sale of goods and services. There is no major weakness in the internal control procedures.

5)a) The particulars of contracts or arrangement referred to in section 301 of the Act have been entered in the register, required to be maintained under that section.

b) There transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to prevailing market prices at the relevant time.

6) The company has not accepted any Deposits from public attracting provisions of section 58A and 58AA of Companies Act, 1956 or any other relevant provision of the Act.

7) The Company has an adequate internal Audit System commensurate with its size and nature of its business.

8) The company is not covered by the order made by the Central Government for the maintenance of cost records under section 209(1) (d) of the companies Act, 1956.

9) a) According to the information and explanations given to us and the records examined by us the company is regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investors, Education and Protection Fund, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and Other statutory dues. According to the Information, and explanation given to us, no undisputed arrears of statutory dues except Income Tax were outstanding as at 31st March, 2011 for a period of more than six months form the date they become payable.

b) There were no disputed statutory dues in the books of the company as on 31st March 2011 except Income Tax.

10) The accumulated losses as at the end of financial year has exceeded fifty percent of its net worth and has incurred cash loss in the immediately preceding Financial year.

11) The company has not defaulted in repayment of its dues to financial institution and banks.

12) During the year, the company has not granted and loans and advances on the basis of security by way of pledge of shares, debentures or other securities.

13) The provisions of special statutes applicable to chit fund, Nidhi or mutual benefit fund / societies are not applicable to the company.

14) The company is not dealing or trading in shares securities, debentures or other investment.

15) According to the information and explanation given to as, the company has not given any guarantee during the year for loans taken by others from bank and financial institutions.

16) The company has not availed any Term Loan during the year.

17) According to information and explanation give to as and on an overall examination of the balance sheet of the company we report that the company has not used funds raised on short term basis for long term investment.

18) The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section of the Companies Act, 1956.

19) During the year, the company has not issued debentures.

20) During the year, the company has not raised modifily by public issue.

21) According to the information and explanations given to as, and the book and records examined by us there are no frauds on or by the company at has been noticed or reported during the year.

FOR VIJAYARAGHAVAN & ASSOCIATES

PLACE:CHENNAI CHARTERED ACCOUNTANTS

DATE: 12.07.2011 SD/-

P.B.VIJAYARAGHAVAN

PARTNER


Mar 31, 2010

We have audited the attached Balance sheet of ANANTHI CONSTRUCTIONS LIMITED as at 31st March 2010 and also the profit & Loss Account for the year ended on that date annexed thereto and the Cash Flow statement for the period ended on that date. These financial statement are the responsibility of the company's 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 retire that we plan an 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 evaluating the over all financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

As required by the Companies (Auditor's Report) order, 2003 and amended by the Companies; (Auditor's Report) (Amendment) order, 2004 and according to the information and explanations given to us during the course of the audit and on the basis of such checks as were consider appropriate, we enclose in the Annexure a statement on the matters specified in paragraph 4 and 5 of the said order

Further to our comments in the Annexure referred to above, we report that:

1) W have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit.

9. The Balance Sheet and Profit and Loss account dealt with by this report are in agreement with the books of account subject to above remark.

10. 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.

11. On the basis of the written representation received from the Directors as on 31st March 2010 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2010 from being appointed as a Director in terms of Clause(g) of sub-section (1) of section 274 of the Companies Act, 1956.

12. In our opinion and to the best of our information, and according to the explanations given to us, the said financial statements read together with the attachment schedules and notes forming part of accounts give the information required by the companies act, 1956, in the manner so required and present a true and fair view in conformity with the accounting principles generally accepted in India.

9. In the case of the Balance sheet, of the state of affairs of the company of as at 31st March 2010;

10. In the case of the profit and Loss Account, of the Loss for the year ended on that date, and

11. In the case of cash flow statement, of the cash flows for the period ended on that date.

For VIJAYA RAGHAVAN & ASSOCIATES

Chartered Accountants

sd/- Place : Chennai P.B.Vijayaraghavan

Date: 30.06.2010 Partner

 
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