Home  »  Company  »  Jaihind Synthetics  »  Quotes  »  Auditor Report
Enter the first few characters of Company and click 'Go'

Auditor Report of Jaihind Synthetics Ltd.

Mar 31, 2015

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2015 and the Profit & Loss Account 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 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 principal 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.

We report as follows:

l) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books;

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 21 l(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 31st March, 2015 from being appointed as a Director in terms of Clause (g) of sub section (l) of Section 27-1 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 together with the notes give the information required by the Companies Act, 1956 and 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, 2015, and

ii) In the case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Re : JAIHIND SYNTHETICS LIMITED.

Referred to in point no. 1 of our report of even date.

i. (a) The Company has maintained proper records showing particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of:

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock;

does not arise.

iii. The company has not taken any loans party listed in the register maintained under section 301 of the Act,

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be

entered into, a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakhs rupees in respect of any party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise.

vi. The company has not accepted any deposits from the public.

vii. In our opinion, the company has an internal audit system commensurate with its size and nature of its business.

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209 (l) (d) of the Companies Act, 1956 in relation to the company's business activities,

ix. (a) The company is regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at 31st March 2014, for a period of more than 6 months from the date they became payable..

(c) According to the information & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and but has not incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

xii. The company has not granted any loans and advances 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. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

xv. The company has not given any guarantee for loans taken by others from bank or financial institutions.

xvi. The company has not availed of any term loans, hence the question of it being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

xx. The company has not raised money by public issues during the year.

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year.

For Jai Prakash Upadhayay & Co., Chartered Accountants Firm Registration No.125073w

Jai Prakash Upadhayay Proprietor Place: Mumbai Date : 30.05.2015


Mar 31, 2014

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2014 and the Profit & Loss Account for the year ended on that date annexed thereto. These financial statements arc 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 principal 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.

We report as follows:

1) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books,

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 31st March, 2011 from being appointed as a Director in terms of Clause (g) of sub section (I) of Section 274 of the Companies Act, 1050,

f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with the notes give the information required by the Companies Act, 1956 and in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: i)

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2014, and

ii) In the case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Re : JAIHIND SYNTHETICS LIMITED.

Referred to in point no. 1 of our report of even date.

i. (a) The Company has maintained proper records showing particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification,

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock,

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock, does not arise.

iii. The company has taken loans, from one party listed in the register maintained under section 301 of the Act, aggregating to Rs. 31,000/-(Rupees Thirty One Thousand Only). The terms and conditions on which loans have been taken by the company are not, prima-facic, prejudicial to the interest of the company.

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of Inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakhs rupees in respect of any party during the financial year and he nee the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise.

vi. The company has not accepted any deposits from the public.

vii. In our opinion, the company has an internal audit system commensurate with its size and nature of its business.

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 in relation to the company's business activities.

ix. (a) The company is regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at 31st March 2014, for a period of more than 6 months from the date they became payable.

(c) According to the information & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and but has not incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

xii. The company has not granted any loans and advances 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, 2005 are not applicable to the Company,

xiv. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

xv. The company has not given any guarantee for loans taken by others from bank or financial institutions.

xvi. The company has not availed of any term loans, hence the question of it being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section SOJ of the Act.

xix. The company has not issued any debentures.

XX. The company has not raised money by public issues during the year.

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year

For Jai Prakash Upadhayay & Co., Chartered Accountants Firm Registration No.

Jai Prakash Upadhayay Proprietor Place; Mumbai Date : 15.05.2014


Mar 31, 2012

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2013 and the Profit & Loss Account for the year ended on that date annexed thereto. These fananual statements are the responsibility of the . ompany''s management. Our responsibility is to opinion on these financial statements on our audit.

we Condited our audit in aceodance auding sateating sateang acted inindia those standards reuire that we plan and perform the audit to obtion re assurane about wthere the financeal basis evidance the missteted finaceal stied by mangenagemnt as well evessing audit in accordance with auditing standards generally accepted in India.

Financial statements are free of material misstatement. An audit includes examining on a test evidence. suppo rtmg the amounts and disclosures in the financial statements. An audit also drtlvaiuar by management, as

we enclose in thp statement on the matters specified in paragraphs & of the said order. Annexme our comments in the Annexure referred to above, we state that

a, wve have obtained all the information and explanations, which to the best of our knowledge and behef were necessary for the purposes of our audit;

b) In our Opinon bookks account as required by have law been kept by the Company so far as appears from our examinan of the thouse books.

c) the Balnace Sheet and profit and loss Account Company with the Accounting referred to in this report are in ageement with the books of account

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 21 i(3C) of the Companies Act, 195C Accounting

e) on the Basis of the writhe report recetive from Director of the CompANY and taken on record by Bord of Director we Report that mone of the Director diquation as 31st March 2012 from being appoint as a Directorterman Clause (g) sub secetion Company (1956)

f) In our opinion and to the best of our Information and according- to the explanations given to us, the said accounts read together with the notes give the''information required by the Companies Act, 1956 and m 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, and '' " ''

ii) In the case of the Profit and Loss Account of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Referred to in point no. 1 of our report of even date.

i. (a) The Company has maintained proper records showing- particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances the question of

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks''and book records-

(d) Verification and Valuation of stock; does not arise.

hi. The company has taken loans, from Four parties listed in the register maintained under section 01 of the Act, aggregating to Rs. s, 97,000/-(Rupees Three Lakh Ninety Seven Thousand

Only). 1 he terms and conditions on which loans have been taken by the company are not. prima- facie, prejudicial to the interest of the company. ''

iv. In our opinion there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale or goods.

(a) To the information & explanations given to us, the transactions that need to be entered into a register m pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five Par the flnancial year and hen" the the easonableness of prices having regard to the prevailing market prices at the relevant tune does not arise.

vi. The company has not accepted any deposits from the public.

Vi with its size and riatuie or its business.

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section (1) fd) of the Companies Act, 1,956 in relation to the company''s business activities.

a) company is regular in depositing undisputed statutory dues including Provident Fund Investor Education and Protection Fund, Employees'' State Insurance, Income-tax, Sales-tax'' Wealth lax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at si* March £012, for a period of more than 6 months from the date they became payable. J

(c) According to the information & explanations given to us, there are no dues ,of Income-tax bales-tax Wealth 1 ax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and has incurred cash loss in the previous financial year.

x. According to the oiformation & explanations given to us, the company has not taken a:ny loans from jinancial institution csf banks, hence the question of repayment of dues to financial institution & banks does not arise

xii.The company has not granted any loans and advances on the basis of security by way of plecfoe of shares, debentures and other securities.

xiii. In our opinion, the Company is not a chit fund or a mdhi/mutual benefit fund/society. Therefore Order, 2003 are not applicable to the Company. securities, debentures and the securities stands m the name of the company does not arise.

xviir te company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

xx. The company has not raised money by public issues during the year.

xxi. Based on the checks carried out by us, any fraud on or bv the company has not been noticed or reported during the year.

For Jai Prakash Upadhayay & Co.,

Chartered Accountants

Firm Registration No. 125073W

Jai-Prakash Upadhayay

Proprietor

Place: Mumbai

Date :30.06.2012


Mar 31, 2011

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2011 and the Profit & Loss Account 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 theses 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 principal 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.

We report as follows:

1) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books;

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 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;

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2011,

ii) Into. case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date. Referred to in point no. 1 of our report of even date.

i. (a) The Company has maintained proper records showing particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been physically verified by the management at reasonableness intervals We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances the question to: '

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records'

(d) Verification and Valuation of stock; Does not arise.

iv. In our opinion there are adequate internal control procedures commensurate with the size of the sale of goods business' the Purchase of inventory and fixed assets and for the

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five Party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise,

vi. The company has not accepted any deposits from the public.

vii. company has an internal audit system commensurate with its size and nature of central Government has not Prescribed any cost records pursuant to the rules made for the act under section 209 (1) (d) of the companies Act 1956 relation to the business activities.

Viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209(1) (d) of the companies Act, 1956 in relation to the Company's business activities.

IX(a) the company is regular undisputed statutory dues including Provident Fund Investor education and protection Fund- Employees' State Insurance, Income-tax, Sales-tax' excise duty custom duty, cesss and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, 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 & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and Cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and has incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any bans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

xii. The company has not granted any loans and advances 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. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

xv. The company has not given any guarantee for loans taken by others from bank or financial institutions.

xvi. The company has not availed of any term loans, hence the question of if being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

xx. The company has not raised money by public issues during the year.

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year.

FOR JAI PRAKASH UPADHY &co charted accounts

Place: Mumbai

Date : 14. 05. 2011 JAI PRAKASH UPADHAYMV (Proprietor) M. NO. 116778


Mar 31, 2010

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2010 and the Profit & Loss Account for the Year ended on that date annexed thereto. These financial statement are the responsibility of the Company's Our responsibility is to express an opinion on theses financial statements based on our audit.

We conducted our audit in accordance with auditing generally accepted in India. these standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principal used and significant estimates madden by management , as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

We report as follows:

1) As required by the companies (Auditors' Report) Ordre,2003 issued by the Central Government of India in terms of Section 227 (4A) of the companies Act. 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the annexure referred to above. we state that

a) We have obtained ail the information and explanations ,while 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 these books;

c) The Balance Sheet and the Profit and Loss Account referee to in this report are in agreement With the books of account; d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3c) of the companies Act,1956;

e) On the basis of the women representations received from the Directors of the Company and taken on record by the Board of Directors we report that none of the Directors is disqualified as at 31st March 2010 from being appointed as a Director in terms of Clause (g) of sub 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 together with the notes give the information required by the companies Act,1956 and 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 Company as at 31st March,2010 and

ii) In the case of the Profit and Loss Account. of the Company for the year ended on that date.

ANNEXURE

RE:JAIHIND SYNTHETICS LIMITED

Referred to in point no.1 of our report of even date.

i. (a) The company has maintained proper records showing particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been Physically verified by the management at reasonableness intervals. We aver been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii, The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of:

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock;

Does not arise.

iii. The company has taken loans, from Four parties listed in the register maintained under section 301 of the Act, aggregating to Rs.1.44.000/-(Rupees One Laky Forty Four Thousand Only). The terms and conditions on which loans have been taken by the company are not, prima-facie prejudicial to the interest of the company.

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakes rupees in respect of any party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at relevant time does not arise. vii. The company has not accepted any deposits from the public.

viii. The Central Government has not prescribed any cost records pursuant to the made for the maintenance of cost records under section 209 (1) (d)of the companies Act, 1956 in relation to the company' business activities.

ix. (a) The company is regular in depositing undisputed statutory dues including provident Fund, investor Education and protection Fund Employees' State insurance, invoke-tax, Sales-tax, Wait Tax, custom duty, Excise duty, cuss and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of income-tax, Sales-tax, Wealth-tax, custom Duty, Excise Duty and cuss were in. arrears, as at 31st March 2010, for a period of more than 6 months from the date they became payable.

(C) According to the information & explanation given to us, there are no dues of income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cuss which have not been deposited on account of any dispute.

x. At the end of the financial year, the company has accumulated losses and has incurred cash loss in the previous financial year. xi. According to the information & explanation s given tom us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institute on & banks does not arise.

xii. The company has not granted an y loans and advances on the basis of security by way of pledge provisions of clause 4(xiii) of the companies (Auditor's report) Order, 2003 are not applicable to the company.

xiii. In our opinion. the company is not a chit fund or a niche/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. In our opinion, the company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, decanters and the securities stands in the name of the company does not arise.

xv. the company has given any guarantee for loans taken by others bank or financial intuitions.

xvi. The Company has not availed of any term loons hence the question of it being applying for the purpose for Which it is obtained not aeries.

xvii. On an overall basis, the not funds raised on short-term basis have, prima facie, not been used for long term investment and vice verse.

xviii. the company has not made preferential allotment of shares to parties and Companies Covered in the Register maintained under Section 301 of the Act

xix. The Company has not issued any debentures. xx. The Company has not raised money by public issues during the year.

xxi. Based on the checks carried out us or by the any fraud on or by the Company has not been noticed or reported during the year.

FOR JAI PARKASH UPADHYAY & CO

Chartered Accountants

Place: Mumbai

Date: 30.06.2010 JAI PRAKASH UPADHAYAY

(Proprietor)

M.NO. 116778

 
Subscribe now to get personal finance updates in your inbox!