Mar 31, 2015
We have audited the accompanying financial statements of BNR UDYOG
LIMITED ("the Company"), which comprises the Balance Sheet as at March
31, 2015, the Statement of Profit and Loss and the Cash Flow Statement
for the year then ended, and a summary of significant accounting
policies and other explanatory information.
Management''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Principles generally accepted in India including
Accounting Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014, This responsibility
also includes the design, implementation and maintenance of internal
control relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India under Section 143(10) of the Act. Those Standards
require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatements.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give 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 as at March 31, 2015;
b) In the case of the Statement of Profit and Loss, of the profit for
the year ended on that date; and
c) In the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) order, 2015 ("the
order") issued by the Central Government of India in terms of
Sub-Section (11) of Section 143 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 3 and 4 of the order.
2. As required by Section 143(3) of the Act, 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) 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.
c) The Balance Sheet, the Statement of Profit & Loss, and the Cash Flow
Statement dealt with by this Report are in agreement with the Books of
Account.
d) In our opinion, the Balance Sheet, Statement of Profit and Loss and
the Cash Flow Statement complying with the accounting standards
specified under Section 133 of the Act read with Rule 7 of the
Companies (Accounts) Rules, 2014.
e) On the basis of written representations received from the Directors,
as on March 31, 2015, and taken on record by the Board of Directors,
none of the Directors is disqualified as on March 31, 2015, from being
appointed as a Director in the terms of section 164(2) of the Act.
f) With respect to the other matters to be included in Auditors Report
in accordance with Rule 11 of Companies (Audit and Auditors), 2014, in
our opinion and to the best of our information and according to the
explanations given to us.
(i) The Company has disclosed the impact of pending litigation on its
financial position in its financial statements.
(ii) In our opinion and as per information and explanations provides to
us, the company has not entered into any long term contracts including
derivatives contracts requiring provisions under applicable laws or
accounting standards, for material foreseeable losses and
(iii) There has been no delay in transferring the amounts, required to
be transferred, to the Investor Education and Proctection Fund by the
Company.
ANNEXURE TO INDEPENDENT AUDITOR''S REPORT
M/s. BNR UDYOG LIMITED
[Referred to in paragraph 1 under the heading of "Report on Other Legal
and Regulatory Requirements" of our report of even date]
1. a.) According to the information and explanations furnished to us,
the company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets.
b.)According to the information and explanations furnished to us, all
the assets have been physically verified by the Management during the
year through a regular programme of verification, which in our opinion,
is reasonable having regard to the size of the Company and the nature
of its assets. No material discrepancies were noticed on such
verification.
2. a.) According to the information and explanations furnished to us,
the inventory has been physically verified by the management during the
year. In our opinion, the frequency of such verification is reasonable.
b. ) In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
c. ) According to the information and explanations furnished to us, the
Company is maintaining proper records of inventory. The discrepancies
noticed on verification between the physical stocks and the book
records were not material.
3. According to the information and explanations given to us, the
company has not granted any loans secured or Unsecured to Companies,
firms or other Parties covered in the register maintained under section
189 of the Companies Act, 2013.
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 the nature of its
business with regard to the purchases of property, shares, and other
securities and fixed assets and with regard to sale of property, shares
and other securities and services. During the course of our audit, we
have not observed any continuing failure to correct major weaknesses in
internal controls.
5. According to the information and explanations given to us, The
Company has not accepted any deposits in terms of Directives issued by
the Reserve Bank of India and provision of Sections 73 to 76 or any
other relevant provisions of the Companies Act, 2013 and the rules
framed there under.
6. The maintenance of cost records under section 148(1) of the
Companies Act, 2013 has not been prescribed by the Central government
for the products of the company.
7. a.) According to the information and explanations given to us and
the records of the company examined by us, the company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, employees'' state insurance, income tax,
sales tax, wealth tax, service tax, customs duty, excise duty, Value
Added tax, cess and any other material statutory dues applicable to it
and we have been informed that there are no arrears of outstanding
statutory dues as at the last day of the financial year under audit for
a period of more than six months from the date they became payable.
b. ) According to the information and explanations given to us, there
are no dues of Income Tax, Sales tax, Wealth tax, Service tax, Custom
Duty , Excise duty, Value Added tax and cess which are not deposited on
account of dispute.
c. ) In our opinion and according to information and explanations given
to us amounts required to be transferred to investor education and
protection fund in accordance with relevant provision of Companies Act,
1956(1 of 1956) and Rules made there under have been transferred to
such fund within time.
8. In our opinion, the company has no accumulated losses as at
31.03.2015 and it has not incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year
9. According to the information and explanations given to us, the
company has not defaulted in repayment of dues to financial
institutions, bank and debenture holders as at balance sheet date.
10. According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks or financial institutions during the year.
11. According to information and explanations given to us, no term loan
were Obtained during the year under audit.
12. According to the information and explanations given to us, no fraud
on or by the company has been noticed or reported during the course of
our audit.
For LAXMINIWAS & JAIN,
Chartered Accountants
Firm Registration No. 001859S
sd/-
B. RAMESH KUMAR
Partner
Membership No. 200304
Place : Hyderabad
Date : 28.05.2015
Mar 31, 2014
We have audited the accompanying financial statements of BNR UDYOG
LIMITED ("the Company"), which comprises the Balance Sheet as at March
31, 2014, and the Statement of Profit and Loss and the Cash Flow
Statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Principles generally accepted in India including
Accounting Standards referred to in sub-section (3C) of Section 211 of
the Companies Act, 1956 ("the Act") read with the General Circular
15/2013 dated 15th September 2013 of Ministry of Corporate Affairs in
respect of Section 133 of Companies Act 2013. This responsibility
includes the design, implementation and maintenance of internal control
relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatements.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor's judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company's preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give 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 as at March 31, 2014;
b) In the case of the Statement of Profit and Loss, of the profit for
the year ended on that date; and
c) In the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) order, 2003 ("the
order") issued by the Central Government of India in terms of
Sub-Section (4A) of Section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the order.
2. As required by Section 227(3) of the Act, 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) 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.
c) The Balance Sheet, the Statement of Profit & Loss, and the Cash Flow
Statement dealt with by this Report are in agreement with the Books of
Account.
d) In our opinion, the Balance Sheet, Statement of Profit and Loss and
the Cash Flow Statement complying with the accounting standards
referred to in Sub-Section (3C) of Section 211 of the Act,
e) On the basis of written representations received from the Directors,
as on March 31, 2014, and taken on record by the Board of Directors,
none of the Directors is disqualified as on March 31, 2014, from being
appointed as a Director in the terms of clause (g) of sub-section (1)
of section 274 of the Act.
ANNEXURE TO INDEPENDENT AUDITOR'S REPORT M/s. BNR UDYOG LIMITED
[Referred to in paragraph 1 under the heading of "Report on Other Legal
and Regulatory Requirements" of our report of even date]
(i) . a. According to the information & explanation furnished to us, the
Company has maintained proper records showing full particulars including
quantitative details and situation of fixed assets.
b. According to the information & explanation furnished to us, all the
assets have been physically verified by the Management during the year
through a regular programme of verification, which in our opinion, is
reasonable having regard to the size of the Company and the nature of
its assets. No material discrepancies were noticed on such
verification.
c. According to the information & explanation furnished to us, the
Company has not disposed of a substantial part of its fixed assets
during the year.
(ii) . a. According to the information & explanation furnished to us,
the inventory has been physically verified by the management during the
year. In our opinion, the frequency of such verification is reasonable.
b. In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
c. According to the information & explanation furnished to us, the
Company is maintaining proper records of inventory. The discrepancies
noticed on verification between the physical stocks and the book
records were not material.
(iii) . In respect of the loans, Secured or Unsecured, granted or taken
by the Company to/from Companies, firms or other parties covered in the
register maintained Under Section 301 of the Companies Act, 1956
(a) According to the information and explanations given to us, the
company has not granted any loans Secured or Unsecured to a party
covered in the register maintained under Section 301 of the Companies
Act, 1956, hence clauses iii (a to d) are not applicable.
(b) According to the information & explanation furnished to us, the
Company had taken Unsecured Loans of Rs. 47.50 Lacs from three parties
and repaid the same, covered under register maintained under Section
301 of the Companies Act, 1956. The year-end balances of loans taken
from such parties were Nil.
(c) According to the information and explanations given to us, the rate
of interest and other terms and conditions on which loan are taken are
not, prima-facie, prejudicial to the interest of the Company.
(d) According to the information and explanations given to us, the
payment of the principal amount is regular.
(iv) . In our opinion and according to the information and explanations
given to us, there are adequate internal control procedures which
commensurates with the size of the Company and the nature of its
business with regard to the purchases of property, shares, and other
securities and fixed assets and with regard to sale of property, shares
and other securities and services. During the course of our audit, we
have not observed any continuing failure to correct major weaknesses in
internal controls.
(v) . a. According to the information and explanations given to us, we
are of the opinion that the transactions that need to be entered into
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 transactions made in pursuance of contracts or
arrangements exceeding the value of Rupees Five Lakhs have been entered
during the financial year at price which are reasonable having regard to
prevailing market prices at relevant time.
(vi) . The Company has not accepted any deposits from the public within
the meaning of Sections 58A, 58AA or any other relevant provisions of
the Companies Act, 1956 and the rules framed there under.
(vii) . In our opinion, the Company has an internal audit system
commensurate with the size and nature of its business.
(viii) .The maintenance of cost records under Section 209(1 )(d) of the
Companies Act,1956, has not been prescribed by the Central Government
for the products of the Company.
(ix) . a. According to the information and explanations given to us and
the records of the Company examined by us, the Company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including Provident Fund, Investor Education and Protection Fund,
Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service
Tax, Customs Duty, Excise Duty, Cess and other material statutory dues
applicable to it.
b. According to the information and explanations given to us, no
undisputed amounts payable in respect of Income Tax, Wealth Tax, Service
Tax, Sales Tax, Customs Duty, Excise Duty and Cess were in arrears, as
at 31.03.2014 for a period of more than six months from the date they
became payable.
c. According to the information and explanations given to us, there are
no dues of Sales Tax, Income Tax, Customs Duty, Wealth Tax, Servic Tax,
Excise Duty and Cess which are not deposited on account of dispute.
(x) . In our opinion, the Company has no accumulated losses as at
31.03.2014 and it has not incurred any cash losses in the financial year
ended on that date or in the immediately preceding financial year.
(xi) . According to the information and explanation given to us, the
Company has not defaulted in repayment of dues to financial
institutions, bank and debenture holders as at balance sheet date.
(xii) . In our opinion and according to the information and explanations
given to us, the Company has not granted loans and advances on the basis
of security by way of pledge of shares, debentures and other securities.
Accordingly the provisions of clause 4(xii) of the Companies (Auditors'
Report) Order, 2003 are not applicable to the Company.
(xiii) .ln our opinion, the Company is not a chit fund or a 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.
(xiv) . According to information and explanations furnished to us, the
Company has maintained proper records of transactions and contracts in
respect of trading in shares, debentures and other securities and timely
entries have been made therein. The Investments are held by the Company
in its own name or held with valid transfer forms.
(xv) . According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from banks
or financial institutions during the year.
(xvi) . According to the information & explanation given to us, the
Company has not obtained any term loans. Therefore, the provision of
clause 4 (XVI) of the Companies (Auditors Report) Order, 2003 are not
applicable.
(xvii) .According to the information and explanations given to us and on
the overall examination of the balance sheet of the Company, we report
that no funds raised on short-term basis have been used for long term
investments.
(xviii) . According to the information and explanation given to us, the
Company has not made preferential allotment of shares to parties covered
in the register maintained under Section 301 of the Companies Act, 1956.
Accordingly the provision of clause 4(xviii) of the Companies (Auditors
Report) order, 2003 are not applicable to the Company.
(xix) . According to the information and explanation given to us, the
Company has not issued any debentures. Therefore, the provisions of
clause 4(xix) of the Companies (Auditors' Report) Order, 2003 are not
applicable to the Company.
(xx) . According to the information and explanation given to us, the
Company has not raised any money by public issues during the year.
Accordingly, the provisions of clause 4(xx) of the Companies (Auditors'
Report) Order, 2003 are not applicable to the Company.
(xxi) . According to the information and explanations given to us, no
fraud on or by the Company has been noticed or reported during the
course of our audit.
For LAXMINIWAS & JAIN,
Chartered Accountants
Firm Registration No. 001859S
sd/-
B. RAMESH KUMAR
Partner
Membership No. 200304
Place: Hyderabad
Date : 26.05.2014
Mar 31, 2013
Report on the Financial Statements
We have audited the accompanying financial statements of BNR UDYOG
LIMITED ("the Company"), which comprise the Balance Sheet as at March
31, 2013, and the Statement of Profit and Loss and the Cash Flow
Statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.
Management''s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial
statements that give a true and fair view of the financial position,
financial performance and cash flows of the Company in accordance with
the Accounting Principles generally accepted in India including
Accounting Standards referred to in sub-section (3C) of section 211 of
the Companies Act, 1956 ("the Act"). This responsibility includes the
design, implementation and maintenance of internal control relevant to
the preparation and presentation of the financial statements that give
a true and fair view and are free from material misstatement, whether
due to fraud or error.
Auditor''s Responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
from material misstatements.
An audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor''s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company''s preparation and
fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by management, as
well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give 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 as at March 31, 2013;
b) In the case of the Statement of Profit and Loss, of the profit for
the year ended on that date; and
c) In the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor''s Report) order, 2003 ("the
order") issued by the Central Government of India in terms of
Sub-Section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the order.
2. As required by section 227(3) of the Act, we report that:
a) We have obtained all the information and explanations which to the
best of knowledge and belief, were necessary for the purpose of our
audit.
b) 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.
c) The Balance Sheet, the Statement of Profit & Loss, and the Cash Flow
Statement dealt with by this Report are in agreement with the books of
account.
d) In our opinion, the Balance Sheet, Statement of Profit and Loss and
the Cash Flow Statement complying with the accounting standards
referred to in Sub-Section (3C) of Section 211 of the Act,
e) On the basis of written representations received from the Directors,
as on March 31, 2013, and taken on record by the Board of Directors,
none of the Directors is disqualified as on March 31, 2013, from being
appointed as a Director in the terms of clause (g) of sub-section (1)
of section 274 of the Act.
ANNEXURE TO INDEPENDENT AUDITOR''S REPORT
BNR UDYOG LIMITED
[Referred to in paragraph 1 under the heading of "Report on Other Legal
and Regulatory Requirements" of our report of even date]
(i). a. According to the information & explanation furnished to us, the
company has maintained proper records showing full particulars
including quantitative details and situation of fixed assets.
b.According to the information & explanation furnished to us, all the
assets have been physically verified by the Management during the year
through a regular programme of verification, which in our opinion, is
reasonable having regard to the size of the Company and the nature of
its assets. No material discrepancies were noticed on such
verification.
c. According to the information & explanation furnished to us, the
company has not disposed of a substantial part of its fixed assets
during the year.
(ii). a. According to the information & explanation furnished to us,
the inventory has been physically verified by the management during the
year. In our opinion, the frequency of such verification is reasonable.
b. In our opinion, the procedures of physical verification of
inventories followed by the management are reasonable and adequate in
relation to the size of the Company and the nature of its business.
c. According to the information & explanation furnished to us, the
Company is maintaining proper records of inventory. The discrepancies
noticed on verification between the physical stocks and the book
records were not material.
(iii). In respect of the loans, secured or unsecured, granted or taken
by the company to /from companies, firms or other parties covered in
the register maintained Under Section 301 of the Companies Act, 1956
(a) According to the information and explanations given to us, the
company has not granted any loans secured or Unsecured to a party
covered in the register maintained under section 301 of the Companies
Act, 1956, hence clauses iii (a to d) are not applicable.
(b) According to the information & explanation furnished to us, the
Company had taken Unsecured Loans of Rs. 48.75 Lacs from three parties
and repaid the same, covered under register maintained under Section
301 of the Companies Act, 1956. The year-end balances of loans taken
from such parties were Nil.
(c) According to the information and explanations given to us, the rate
of interest and other terms and conditions on which loan are taken are
not, prima-facie, prejudicial to the interest of the company.
(d) According to the information and explanations given to us, the
payment of the principal amount is regular.
(iv). 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 purchases of property, shares, and other
securities and fixed assets and with regard to sale of property, shares
and other securities and services. During the course of our audit, we
have not observed any continuing failure to correct major weaknesses in
internal controls.
(v). a. According to the information and explanations given to us, we
are of the opinion that the transactions that need to be entered into
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 transactions made in pursuance of contracts or
arrangements exceeding the value of Rupees Five Lakhs have been entered
during the financial year at price which are reasonable having regard
to prevailing market prices at relevant time.
(vi). The Company has not accepted any deposits from the public within
the meaning of Sections 58A, 58AA or any other relevant provisions of
the Companies Act, 1956 and the rules framed there under.
(vii). In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii).The maintenance of cost records under section 209(1)(d) of the
companies Act,1956, has not been prescribed by the Central government
for the products of the company.
(ix). a. According to the information and explanations given to us and
the records of the company examined by us, the company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, investor education and protection fund,
employees'' state insurance, income tax, sales tax, wealth tax, service
tax, customs duty, excise duty, cess and other material statutory dues
applicable to it.
b. According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, wealth tax,
service tax. sales tax, customs duty, excise duty and cess were in
arrears, as at 31.03.2013 for a period of more than six months from the
date they became payable.
c. According to the information and explanations given to us, there
are no dues of sales tax, income tax, customs duty, wealth tax, service
tax, excise duty and cess which are not deposited on account of
dispute.
(x). In our opinion, the company has no accumulated losses as at
31.03.2013 and it has not incurred any cash losses in the financial
year ended on that date or in the immediately preceding financial year.
(xi). According to the information and explanation given to us, the
company has not defaulted in repayment of dues to financial
institutions, bank and debenture holders as at balance sheet date.
(xii). In our opinion and according to the information and explanations
given to us, the company has not granted loans and advances on the
basis of security by way of pledge of shares, debentures and other
securities. Accordingly the provisions of clause 4(xii) of the
Companies (Auditors'' Report) Order, 2003 are not applicable to the
Company.
(xiii).ln our opinion, the company is not a chit fund or a 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.
(xiv). According to information and explanations furnished to us, the
company has maintained proper records of transactions and contracts in
respect of trading in shares, debentures and other securities and
timely entries have been made therein. The Investments are held by the
company in its own name or held with valid transfer forms.
(xv). According to the information and explanations given to us, the
Company has not given any guarantee for loans taken by others from
banks or financial institutions during the year.
(xvi). According to the information & explanation given to us, the
company has not obtained any term loans. Therefore, the provision of
clause 4 (XVI) of the companies (Auditors Report) Order, 2003 are not
applicable.
(xvii).According to the information and explanations given to us and on
the overall examination of the balance sheet of the company, we report
that no funds raised on short-term basis have been used for long term
investments.
(xviii). According to the information and explanation given to us, the
company has not made preferential allotment of shares to parties
covered in the register maintained under Section 301 of the Companies
Act, 1956. Accordingly the provision of clause 4(Xviii) of the
companies (Auditors Report) order, 2003 are not applicable to the
company.
(xix). According to the information and explanation given to us, the
Company has not issued any debentures. Therefore, the provisions of
clause 4(xix) of the Companies (Auditors'' Report) Order, 2003 are not
applicable to the Company.
(xx). According to the information and explanation given to us, the
company has not raised any money by public issues during the year.
Accordingly, the provisions of clause 4(xx) of the Companies (Auditors''
Report) Order, 2003 are not applicable to the Company.
(xxi). According to the information and explanations given to us, no
fraud on or by the company has been noticed or reported during the
course of our audit.
For LAXMINIWAS & JAIN
Chartered Accountants
Firm Registration No. 001859S
B. Ramesh Kumar
Partner
Membership No. 200304
Place: Hyderabad
Date: 25.05.2013
Mar 31, 2012
We have audited the attached Balance Sheet of BNR UDYOG LIMITED as at
31.03.2012, the Profit and Loss Account and also the Cash Flow
Statement for the year ended on that date annexed thereto. 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 the 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 statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
As required by the Companies (Auditor's Report) Order, 2003 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 a statement
on the matters specified in paragraphs 4 & 5 of the said Order. -
1. 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 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
those books;
(c) The Balance Sheet, 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, Profit and 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 written representations received from the
directors, as on 3181 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;
(f) In our opinion and to the best of our information and according to
the explanations given to us, they said accounts read with the
Accounting Policies and Notes forming part of accounts appearing in
Note 1 & 2 give the information required by the Companies Act, 1956 in
the manner so required and give a true and fair view in conformity with
the accounting principles generally accepted in India:
(i) In the case of the Balance Sheet, of the state of affairs of the
company as at 31st March 2012;
(ii) In the case of the Profit and Loss Account, of the profit for the
year ended on that date; and
(iii) In the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO AUDITOR'S REPORT BNR UDYOG LIMITED
[Referred to in our report of even date]
(i) (a) The company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year through a regular program of verification which, in our
opinion, is reasonable having regard to the size of the company and the
nature of its assets. No material discrepancies were noticed on such
verification.
(c) In our opinion and according to the information and explanations
given to us, there was no substantial disposal of fixed assets during
the year.
(ii) (a) The inventories/investments has been physically verified by
the management during the year. In our opinion, the frequency of
verification is reasonable.
(b) In our opinion, the procedures of physical verification of
inventories/investments followed by the management are reasonable and
adequate in relation to the size of the company and the nature of its
business.
(c) According to the information and explanations given to us, the
company is maintaining proper records of inventories/investments. The
discrepancies noticed on physical verification of
inventories/investments as compared to book records were not material.
(iii) According to the information and explanations given to us, the
company has neither granted nor taken any loans secured or unsecured
to/from companies firms or other parties covered in the register
maintained under section 301 of the Companies Act, 1956, hence clauses
iii (a tone) are not applicable.
(iv) 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 purchase of property, shares, other securities
and fixed assets and with regard to sale of property, shares, and other
securities and services. During the course of our audit, we have not
observed any continuing failure to correct major weaknesses in internal
controls.
(v) (a) In our opinion and according to the information and
explanations given to us, the transactions that need to be entered into
the register maintained in pursuance of Section 301 of Companies Act,
1956 have been so entered.
(b) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements exceeding value of Rupees five lakhs in respect of each
party have been entered into during the financial year at prices which
are reasonable having regard to the prevailing market prices at the
relevant time.
(vi) During the year, the company has not accepted deposits from the
public within the meaning of Sections 58A and 58AA or any other
relevant provision of the Act, and the rules framed there under.
(vii) In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The maintenance of cost records under Section 209(1 )(d) of the
Act, has not been prescribed by the Central government for the products
of the company.
(ix) (a) According to the information and explanations given to us and
the records of the company examined by us, the company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, investor education and protection fund,
employees' state insurance, income-tax, sales-tax, wealth tax,
service tax, customs duty, excise duty, cess and other material
statutory dues applicable to it.
(b) According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, sales tax, customs
duty, wealth-tax, service tax, excise duty and cess were in arrears as
at 31st March 2012 for a period of more than 6 months from the date
they became payable.
(c) According to the information and explanations given to us, there
are no dues of income tax, sales tax, customs duty, wealth-tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(x) In our opinion, the company has no accumulated losses as at
31.03.2012 and it has not incurred any cash losses in the current year
and immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the company has not defaulted in repayment of dues to a
financial institution, bank or debenture holders.
(xii) In our opinion and according to the information and explanations
given to us, the company is properly maintaining adequate documents and
records for the loans and advances if any granted on the basis of
security by way of pledge of shares, debentures and other securities.
(xiii) In our opinion, the company is not a chit fund or a nidhi /
mutual benefit fund/ society. Therefore, the provisions of clause
4(xiii) of the Companies (Auditor's Report) Order, 2003 are not
applicable to the company.
(xiv) According to information and explanations given to us, the
company has maintained proper records of transactions and contracts in
respect of trading in shares, debentures and other securities and
timely entries have been made therein. The investments are held by the
company in its own name or held with valid transfer forms.
(xv) According to the information and explanations given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
(xvi) According to the information and explanations given to us, the
company has obtained term loans which have been applied for the purpose
for which they were raised.
(xvii) According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that, no funds raised on a short-term basis have been used for
long-term investments.
(xviii) According to the information and explanations given to us, the
company has not made preferential allotment of shares to parties and
companies covered in the register maintained under Section 301 of the
Companies Act 1956.
(xix) According to the information and explanations given to us, the
company has not issued any debentures.
(xx) According to the information and explanations given to us, the
company has not raised any money by public issues during the year.
(xxi) During the course of our 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 given 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 such case by the management.
For LAXMINIWAS& JAIN
Chartered Accountants
Firm Registration No. 001859S
Suresh Kumar Jain
Partner Membership No. 018465
Place: Hyderabad
Date: 30.05.2012
Mar 31, 2011
We have audited the attached Balance Sheet of BNR UDYOG LIMITED as at
31.03.2011, the Profit and Loss Account and also the Cash Flow
Statement for the year ended on that date annexed thereto. 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 the 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 statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
As required by the Companies (Auditor's Report) Order, 2003 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 a statement
on the matters specified in paragraphs 4 & 5 of the said Order.
1. 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 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
those books;
(c) The Balance Sheet, 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, Profit and 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 written representations 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;
(f) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read with the
Accounting Policies and Notes forming part of accounts appearing in
Schedule No. XI give the information required by the Companies Act,
1956 in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
(i) in the case of the Balance Sheet, of the state of affairs of the
company as at 31st March 2011;
(ii) in the case of the Profit and Loss Account, of the profit for the
year ended on that date; and
(iii) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO AUDITOR'S REPORT Re: BNR UDYOG LIMITED
[Referred to in our report of even date]
(i) (a) The company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year through a regular program of verification which, in our
opinion, is reasonable having regard to the size of the company and the
nature of its assets. No material discrepancies were noticed on such
verification.
(c) In our opinion and according to the information and explanations
given to us, there was no substantial disposal of fixed assets during
the year.
(ii) (a) The inventories/investments has been physically verified by
the management during the year. In our opinion, the frequency of
verification is reasonable.
(b) In our opinion, the procedures of physical verification of
inventories/investments followed by the management are reasonable and
adequate in relation to the size of the company and the nature of its
business.
(c) According to the information and explanations given to us, the
company is maintaining proper records of inventories/investments. The
discrepancies noticed on physical verification of
inventories/investments as compared to book records were not material.
(iii) According to the information and explanations given to us, the
company has neither granted nor taken any loans secured or unsecured
to/from companies firms or other parties covered in the register
maintained under section 301 of the Companies Act, 1956, hence clauses
iii (a to e) are not applicable.
(iv) 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 purchase of property, shares, other securities
and fixed assets and with regard to sale of property, shares, and other
securities and services. During the course of our audit, we have not
observed any continuing failure to correct major weaknesses in internal
controls.
(v) (a) In our opinion and according to the information and
explanations given to us, the transactions that need to be entered into
the register maintained in pursuance of Section 301 of Companies Act,
1956 have been so entered.
(b) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements exceeding value of Rupees five lakhs in respect of each
party have been entered into during the financial year at prices which
are reasonable having regard to the prevailing market prices at the
relevant time.
(vi) During the year, the company has not accepted deposits from the
public within the meaning of Sections 58A and 58AA or any other
relevant provision of the Act, and the rules framed there under.
(vii) In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The maintenance of cost records under Section 209(1)(d) of the
Act, has not been prescribed by the Central government for the products
of the company.
(ix) (a) According to the information and explanations given to us and
the records of the company examined by us, the company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, investor education and protection fund,
employees' state insurance, income-tax, sales-tax, wealth tax, service
tax, customs duty, excise duty, cess and other material statutory dues
applicable to it.
(b) According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, sales tax, customs
duty, wealth-tax, service tax, excise duty and cess were in arrears as
at 31st March 2011 for a period of more than 6 months from the date
they became payable.
(c) According to the information and explanations given to us, there
are no dues of income tax, sales tax, customs duty, wealth-tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(x) In our opinion, the company has no accumulated losses as at
31.03.2011 and it has not incurred any cash losses in the current year
and immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the company has not defaulted in repayment of dues to a
financial institution, bank or debenture holders.
(xii) In our opinion and according to the information and explanations
given to us, the company is properly maintaining adequate documents and
records for the loans and advances if any granted on the basis of
security by way of pledge of shares, debentures and other securities.
(xiii) In our opinion, the company is not a chit fund or a nidhi /
mutual benefit fund/ society. Therefore, the provisions of clause
4(xiii) of the Companies (Auditor's Report) Order, 2003 are not
applicable to the company.
(xiv) According to information and explanations given to us, the
company has maintained proper records of transactions and contracts in
respect of trading in shares, debentures and other securities and
timely entries have been made therein. The investments are held by the
company in its own name or held with valid transfer forms.
(xv) According to the information and explanations given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
(xvi) According to the information and explanations given to us, the
company has obtained term loans which have been applied for the purpose
for which they were raised.
(xvii) According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that, no funds raised on a short-term basis have been used for
long-term investments.
(xviii) According to the information and explanations given to us, the
company has not made preferential allotment of shares to parties and
companies covered in the register maintained under Section 301 of the
Companies Act 1956.
(xix) According to the information and explanations given to us, the
company has not issued any debentures.
(xx) According to the information and explanations given to us, the
company has not raised any money by public issues during the year.
(xxi) During the course of our 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 given 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 such case by the management.
For LAXMINIWAS & JAIN
Chartered Accountants
Firm Registration No. 001859S
Suresh Kumar Jain
Partner
Membership No. 018465
Place: Hyderabad
Date : 29.07.2011
Mar 31, 2010
We have audited the attached Balance Sheet of BNR UDYOG LIMITED as at
31.03.2010, the Profit and Loss Account and also the Cash Flow
Statement 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 the auditing standards
generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whetherthe
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 statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
As required by the Companies (Auditors Report) Order, 2003 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 a statement
on the matters specified in paragraphs 4 & 5 of the said Order.
1. 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 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
those books;
(c) The Balance Sheet, 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, Profit and 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 written representations received from the
directors, as on 31st March 2010 and taken on record by the Board of
Directors, we report that none ofthe directors is disqualified as on
31st March 2010from being appointed asa director in terms of clause (g)
of sub-section (1) of Section 274 ofthe 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 read with the
Accounting Policies and Notes forming part of accounts appearing in
Schedule No. XI give the information required by the Companies Act,
1956 in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
(i) in the case ofthe Balance Sheet, ofthe state of affairs ofthe
company as at 31st March 2010;
(ii) in the case of the Profit and Loss Account, of the profit for the
year ended on that date; and
(iii) in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO AUDITORS REPORT Re: BNR UDYOG LIMITED [Referred to in our
report of even date]
(i) (a) The company is maintaining proper records showing full
particulars including quantitative details and situation of fixed
assets.
(b) All the assets have been physically verified by the management
during the year through a regular program of verification which, in our
opinion, is reasonable having regard to the size of the company and the
nature of its assets. No material discrepancies were noticed on such
verification.
(c) In our opinion and according to the information and explanations
given to us, there was no substantial disposal of fixed assets during
the year.
(ii) (a) The inventories/investments has been physically verified by
the management during the year. In our opinion, the frequency of
verification is reasonable.
(b) In our opinion, the procedures of physical verification of
inventories/investments followed by the management are reasonable and
adequate in relation to the size of the company and the nature of its
business.
(c) According to the information and explanations given to us, the
company is maintaining proper records of inventories/investments. The
discrepancies noticed on physical verification of
inventories/investments as compared to book records were not material.
(iii) According to the information and explanations given to us, the
company has
neither granted nor taken any loans secured or unsecured to/from
companies firms or other parties covered in the register maintained
under section 301 of the Companies Act, 1956, hence clauses iii (a to
e) are not applicable.
(iv) 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
purchase of property, shares, other securities and fixed assets and
with regard to sale of property, shares, and other securities and
services. During the course of our audit, we have not observed any
continuing failure to correct major weaknesses in internal controls.
(v) (a) In our opinion and according to the information and
explanations given to us, the transactions that need to be entered into
the register in pursuance of Section 301 of Companies Act, 1956 have
been so entered.
(b) In our opinion and according to the information and explanations
given to us, the transactions made in pursuance of contracts or
arrangements exceeding entered in the
register maintained under Section 301 of the Companies Act. 1956 and
exceeding value of Rupees five lakhs in respect of each party have been
entered into during the financial year at prices which are reasonable
having regard to the prevailing market prices at the relevant time.
(vi) During the year, the company has not accepted deposits from the
public within
the meaning of Sections 58A and 58AAorany other relevant provision of
the Act, and the rules framed there under.
(vii) In our opinion, the company has an internal audit system
commensurate with the size and nature of its business.
(viii) The maintenance of cost records under Section 209(1 )(d) of the
Act, has not been prescribed by the Central government forthe products
of the company.
(ix) (a) According to the information and explanations given to us and
the records of the company examined by us, the company is generally
regular in depositing with appropriate authorities undisputed statutory
dues including provident fund, investor education and protection fund,
employees state insurance, income-tax, sales-tax, wealth tax, service
tax, customs duty, excise duty, cess and other material statutory dues
applicable to it.
(b) According to the information and explanations given to us, no
undisputed amounts payable in respect of income tax, sales tax, customs
duty, wealth-tax, service tax, excise duty and cess were in arrears as
at 31 st March 2010 for a period of more than 6 months from the date
they became payable.
(c) According to the information and explanations given to us, there
are no dues of income tax, sales tax, customs duty, wealth-tax, service
tax, excise duty and cess which have not been deposited on account of
any dispute.
(x) In our opinion, the company has no accumulated losses as at
31.03.2010 and it has not incurred any cash losses in the current year
and immediately preceding financial year.
(xi) In our opinion and according to the information and explanations
given to us, the company has not defaulted in repayment of dues to a
financial institution, bank ordebenture holders.
(xii) In our opinion and according to the information and explanations
given to us, the company is properly maintaining adequate documents and
records for the loans and advances if any granted on the basis of security
by way of pledge of shares, debentures and other securities.
(xiii) In our opinion, the company is not a chit fund or a 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.
(xiv) According to information and explanations given to us, the
company has maintained proper records of transactions and contracts
in respect of trading in shares, debentures and other securities and
timely entries have been made therein. The investments are held by the
company in its own name or held with valid transferforms.
(xv) According to the information and explanations given to us, the
company has not given any guarantees for loans taken by others from
banks or financial institutions.
(xvi) According to the information and explanations given to us, the
company has obtained term loans which have been applied for the purpose
for which they were raised.
(xvii) According to the information and explanations given to us and on
an overall examination of the balance sheet of the company, we report
that, no funds raised on a short-term basis have been used for long-term
investments.
(xviii) According to the information and explanations given to us, the
company has not made preferential allotment of shares to parties and
companies covered in the register maintained under Section 301 of the
Companies Act 1956.
(xix) According to the information and explanations given to us, the
company has not issued any debentures.
(xx) According to the information and explanations given to us, the
company has not raised any money by public issues during the year.
(xxi) During the course of our 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 given 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 such case by the management.
For LAXMINIWAS & JAIN
Chartered Accountants
Firm Registration No. 001859S
Suresh Kumar Jain
Partner
Membership No. 018465
Place: Hyderabad
Date: 30.07.2010