Mar 31, 2014
I have audited the accompanying financial statements of OSCAR GLOBAL
LIMITED, which comprise the Balance Sheet as at March 31, 2014, and the
Statement of Profit and Loss and 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
The Company''s 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 Standards notified under the Companies
Act, 1956 ("the Act") (which continue to be applicable in respect of
Section 133 of the Companies Act, 2013 in terms of General Circular
15/2013 dated 13th September, 2013 of the Ministry of Corporate
Affairs) and in accordance with the accounting principles generally
accepted in India. 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 Auditing Standards generally accepted in 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 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.
Opinion
1. Further to our comments in the Annexure referred to above, we report
that:
In our opinion and to the best of our information and according to the
explanations given to us, the 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 Account, of the
profit of the Company for the year ended on that date; and
c. In the case of the Cash Flow Statement, of the cash flows of the
Company for the year ended on that date.
Report on Other Legal and Regulatory Requirements
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 and 5 of the said order.
2 As required by section 227(3) of the Act, we report that:
i. 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.
ii. 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 and company does not have any other branch where separate
accounting record is maintained.
iii. The Balance Sheet, Statement of Profit and Loss, and Cash Flow
Statement dealt with by this Report are in agreement with the books of
account and company does not have any other branch where separate
accounting record is maintained.
iv. In our opinion, the Balance Sheet, the Statement of Profit and
Loss, and Cash Flow Statement comply with the Accounting Standards
notified under the Companies Act, 1956 ("the Act") (which continue to
be applicable in respect of Section 133 of the Companies Act, 2013 in
terms of General Circular 15/2013 dated 13th September, 2013 of the
Ministry of Corporate Affairs);
v. 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 terms of clause (g) of sub-section (1) of
section 274 of the Companies Act, 1956.
vi. Since the Central Government has not issued any notification as to
the rate at which the cess is to be paid under section 441A of the
Companies Act,1956 nor has it issued any Rules under the said section,
prescribing the manner in which such cess is to be paid, no cess is due
and payable by the Company.
ANNEXURE TO AUDITORS'' REPORT
Referred to in paragraph 1 under ''Report on Other Legal and Regulatory
Requirements'' section of our report of even date of OSCAR GLOBAL
LIMITED for the year ended on 31st March 2014.
1 FIXED ASSETS
a. The Company has maintained proper record showing full particulars
including quantitative details and situation of fixed assets;
b. All the fixed assets have been physically verified by the
management at reasonable intervals and according to the information and
explanations given to us, no material discrepancies were noticed on
such verification;
c. No part of fixed assets has been disposed off during the year;
2 INVENTORY
a. The physical verification of inventory has been conducted at
reasonable intervals by the Management;
b. The procedures of physical verification of inventory followed by
the management were reasonable and adequate in relation to the size of
the company and the nature of its business;
c. The company has maintained proper records of inventory and no
material discrepancies were noticed on physical verification;
3 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
accordingly paragraph 4 (iii) of the order, is not applicable;
4 In our opinion and according to the information and explanation given
to us there are adequate internal control procedures commensurate with
the size of the Company and the nature of the business with regard to
purchases of inventory, fixed assets and for the sales of goods. There
are no continuing failure to correct major weaknesses in internal
control;
5 According to the information and explanation given to us, there were
no transactions of sale/ purchase of goods, materials and services,
made with the parties in pursuance of contracts or arrangements entered
in register maintained under section 301 of the Companies Act, 1956.
Hence no comments required;
6 According to the information and explanation given to us, the Company
has not accepted any deposits from the public to which the provision of
Section 58A of the Companies Act, 1956 apply;
7 In our opinion, the company has an adequate internal audit system
commensurate with its size and nature of its business;
8 The Central Govt. has not prescribed maintenance of Cost Records
under Sec. 209(1 )(d) of Companies Act, 1956;
9 (a) None of the undisputed amounts payable in respect of Income Tax,
Wealth Tax, Sales Tax, Custom Duty, Excise Duty including Provident
Fund and Employee''s State Insurance were outstanding as at the last day
of the financial year concerned for a period of more than six months;
(b) There has been no disputed amount to be deposited in respect of
Sales Tax, Income Tax, Custom Tax, Wealth Tax, Excise Duty and Cess
etc;
10 There has been accumulated losses at the end of financial year
amounting to Rs. 434.84 Lacs (prev. year 550.61 Lacs);
11 In our opinion and according to the information and explanations
given to us, the Company has not defaulated in the repayment of dues to
banks and financial institutions;
12 The Company has not granted any loans and advances on the basis of
security by way of pledge of shares, debentures and other securities,
accordingly paragraph 4(xii) of the Order is not applicable;
13 The Company is not a chit fund/ nidhi/ mutual benefit fund/ society
to which the provisions of special statute relating to chit fund are
applicable, accordingly paragraph 4(xiii) of the Order is not
applicable;
14 As the Company is not dealing or trading in shares, securities,
debentures and other investments, I paragraph 4(xiv) of the Order is
not applicable;
15 According to the information and explanations given to us, the
Company has not given any guarantee during the year for loans taken by
others from banks or financial institutions;
16 The company has not raised any term loan during the financial year;
17 In our opinion and according to the information and explanations
given to us, and on an overall examination of the Balance Sheet, we
report that funds raised on short-term basis have not been used during
the year for long-term investment and vice versa;
18 The company has not made any preferential allotment of shares during
the year;
19 The company has not issued any debentures during the year;
20 The company has not raised any money by way of public issue during
the year;
21 To the best of our knowledge and according to the information and
explanations given to us, no fraud by the Company and no material fraud
on the Company has been noticed or reported during the year.
For SUSHIL VIPAN & CO.
CHARTERED ACCOUNTANTS
VIPAN AGGARWAL)
PROPRIETOR
Place : Delhi M.No. 084726
Dated: 07th May, 2014 FRN : 006127N
Mar 31, 2013
We have audited the accompanying financial statements of OSCAR GLOBAL
LIMITED, which comprise the Balance Sheet as at March 31,2013, and the
Statement of Profit and Loss and Cash Flow Statement for the year then
nded, and a summary of significant accounting policies and other
explanatory information.
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 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.
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with auditing standards generally accepted in India. Those Standards
require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and
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.
1. Further to our comments in the Annexure referred to above, we
report that:
a. In our opinion and to the best of our information and according to
the explanations given to us, the 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:
b. In the case of the Balance Sheet, of the state of affairs of the
Company as at March 31, 2013
c. in the case of the Profit and Loss Account, of the profit for the
year ended on that date; and
d. in the case of the Cash Flow Statement, of the cash flows for the
year ended on that date.
2. A. 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.
B. As required by section 227(3) of the Act, we report that:
i. 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;
ii. 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 and company does not have any other branch where separate
accounting record is maintained.
iii. the Balance Sheet, Statement of Profit and Loss, and Cash Flow
Statement dealt with by this Report are in agreement with the books of
account and company does not have any other branch where separate
accounting record is maintained.
iv. in our opinion, the Balance Sheet, Statement of Profit and Loss,
and Cash Flow Statement comply with the Accounting Standards referred
to in subsection (3C) of section 211 of the Companies Act, 1956;
v. 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 terms of clause (g) of sub-section (1) of
section 274 of the Companies Act, 1956.
vi. Since the Central Government has not issued any notification as to
the rate at which the cess is to be paid under section 441A of the
Companies Act, 1956 nor has it issued any Rules under the said section,
prescribing the manner in which such cess is to be paid, no cess is due
and payable by the Company.
ANNEXURE TO AUDITORS'' REPORT
Reference to paragraph 2 of our report of even dale on the account of
OSCAR GLOBAL LIMITED for the year ended on 31 st March 2013.
1. FIXED ASSETS
(a) The Company has maintained proper record showing full particulars
including quantitative details and situation of fixed assets;
(b) All the fixed assets have been physically verified by the
management at reasonable intervals and no material discrepancies were
iioticed on such verification;
(c) No part of fixed assets has been disposed off during the year.
2. INVENTORY
(a) The physical verification of inventory has been conducted at
reasonable intervals by the Management;
(b) The procedures of physical verification of inventory followed by
the management were reasonable and adequate in relation to the size of
the company and the nature of its business;
(c) The company has maintained proper records of inventory and no
material discrepancies were noticed on physical verification;
3. The Company has not taken any loans, secured or unsecured from
companies, firms or other parties listed in the register maintained
under section 301 of the Companies Act, 1956. The Company has also not
taken any loan from a company under the same management as defined
under section (IB) of Section 370 of the Companies Act, 1956.
4. The Company has not granted any loans, secured or unsecured to
companies, firms or other parties listed in the register maintained
under Sec.301 of the companies act, 1956.
5. In our opinion and according to the information and explanation
given to us there are adequate internal control procedures commensurate
with the size of the Company and the nature of the business with regard
to purchases of inventory, fixed assets and for the sales of goods.
There are no continuing failure to correct major weaknesses in internal
control;
6. According to the information and explanation given to us, there
were no transactions of sale of goods, materials and services, made
with the parties in pursuance of contracts or arrangements entered in
register maintained under section 301 of the Companies Act, 1956.
Hence no comments required.
7. The Company has not accepted any deposits from the public to which
the provision of Sec. 58A of the Companies Act, 1956 apply.
8. The company has reasonable Internal Audit System commensurate with
its size and nature of its business.
9. The Central Govt, has not prescribed maintenance of Cost Records
under Sec. 209(1 )(d) of Companies Act, 1956.
10. (a) None of the undisputed amounts payable in respect of Income
Tax, Wealth Tax, Sales Tax, Custom Duty, Excise Duty including
Provident Fund and Employee''s State Insurance were outstanding as at
the last day of the financial year concerned for a period of more than
six months.
(b) There has been no disputed amount to be deposited in respect of
Sales Tax, Income Tax, Custom Tax, Wealth Tax, Excise Duty and Cess
etc;
11. There has been accumulated losses at the end of financial year
amounting to Rs. 550.61 (prev. year 571.52 Lacs);
12. The company has not defaulted in repayment of dues to a financial
institution or bank;
13. The Company has not granted any loans and advances on the basis of
security by way of pledge of shares, debentures and other securities;
14. The provisions of any special statute applicable to chit fund does
not apply to the company;
15. The company is not dealing or trading in shares, securities,
debentures and other investments;
16. The company has not given any guarantee for loans taken by others
from banks or financial institutions;
17. The company has not raised any term loan during the financial
year;
18. The company has not used funds raised on short term basis for long
term investment and vice versa;
19. The company has not made any preferential allotment of shares
during the financial year;
20. The company has never raised any money through Debenture issue;
21. The company has not raised any money through public issue during
the year under review;
22. The company has not reported or noticed any fraud on or by the
company during the financial year.
For SUSHILVIPAN & CO.
CHARTERED ACCOUNTANTS
(VIPANAGGARWAL)
PLACE : Delhi PROPRIETOR
DATED : 31st May, 2013 M.No. 084726
F.R. NO.006127N
Mar 31, 2012
We have audited the attached Balance Sheet of OSCAR GLOBAL LIMITED' New
Delhi as at 31 st March' 2012 and also the Profit and 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 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.
1. 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.
2. Further to our comments in the Annexure referred to above' we
report that:
a. We have obtained all the information and explanations' which to the
best of our knowledge and belief were necessary for the purpose of our
audit.
b. In our opinion' proper books of account as required by law have
been kept by the company so far as appears from ou examination of those
books;
c. The Balance Sheet and Profit & Loss Account dealt with by this
report are in agreement with the books of accounts;
d. In our opinion' the Balance Sheet and Profit & Loss Account dealt
with by this report comply with the Accounting Standard referred to in
sub-section (3C) of section 211 of the companies Act 1956.
e. On the basis of written representation received from the directors'
as on 31st March' 2012' and taken on record by the Board < Directors'
we report that none of the directors is disqualified as on 31s' March'
2012 from being appointed as a director in terrr 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 give tr information
required by the Companies Act' 1956 in the manner so required and give
a true and fair view in conformity with tt accounting principles
generally accepted in India: in the case of Balance Sheet of the state
of affairs of the company as at 31st March' 2012 and; - in the case of
the Profit & Loss Account of the Loss for the year ended on that date.
ANNEXURE TO THE AUDITORS' REPORT
Reference to paragraph 1 of our report of even date on the account of
OSCAR GLOBAL LIMITED for the year ended on 31st March 2012
1. FIXED ASSETS
(a) The Company has maintained proper record showing full particulars
including quantitative details and situation of fixed assets;
(b) All the fixed assets have been physically verified by the
management at reasonable intervals and no material discrepancies were
noticed on such verification;
(c) No part of fixed assets has been disposed off during the year.
2. INVENTORY
(a) The physical verification of inventory has been conducted at
reasonable intervals by the Management;
(b) The procedures of physical verification of inventory followed by
the management were reasonable and adequate in relation to the size of
the company and the nature of its business; (c) The company has
maintained proper records of inventory and no material discrepancies
were noticed on physical verification;
3. The Company has not taken any loans' secured or unsecured from
companies' firms or other parties listed in the register maintained
under section 301 of the Companies Act' 1956. The Company has also not
taken any loan from a company under the same management as defined
under section (IB) of Section 370 of the Companies Act' 1956.
4. The Company has not granted any loans' secured or unsecured to
companies' firms or other parties listed in the register maintained
under Sec.301 of the companies act' 1956.
5. In our opinion and according to the information and explanation
given to us there are adequate internal control procedures commensurate
with the size of the Company and the nature of the business with regard
to purchases of inventory' fixed assets and for the sales of goods.
There are no continuing failure to correct major weaknesses in internal
control;
6. According to the information and explanation given to us' there
were no transactions of sale of goods' materials and services' made
with the parties in pursuance of contracts or arrangements entered in
register maintained under section 301 of the Companies Act' 1956. Hence
no comments required.
7. The Company has not accepted any deposits from the public to which
the provision of Sec. 58A of the Companies Act' 1956 apply.
8. The company has reasonable Internal Audit System commensurate with
its size and nature of its business.
9. The Central Govt' has not prescribed maintenance of Cost Records
under Sec. 209(1 )(d) of Companies Act' 1956.
10. (a) None of the undisputed amounts payable in respect of Income
Tax' Wealth Tax' Sales Tax' Custom Duty' Excise Duty including
Provident Fund and Employee's State Insurance were outstanding as at
the last day of the financial year concerned for a period of more than
six months.
(b) There has been no disputed amount to be deposited in respect of
Sales Tax' Income Tax' Custom Tax' Wealth Tax' Excise Duty and Cess
etc;
11. There has been accumulated losses at the end of financial year
amounting to Rs. 571.52 (prev. year 572.56 Lacs);
12. The company has not defaulted in repayment of dues to a financial
institution or bank;
13. The Company has not granted any loans and advances on the basis of
security by way of pledge of shares' debentures and other securities;
14. The provisions of any special statute applicable to chit fund does
not apply to the company;
15. The company is not dealing or trading in shares' securities'
debentures and other investments;
16. The company has not given any guarantee for loans taken by others
from banks or financial institutions;
17. The company has not raised any term loan during the financial
year;
18. The company has not used funds raised on short term basis for long
term investment and vice versa;
19. The company has not made any preferential allotment of shares
during the financial year;
20. The company has never raised any money through Debenture issue;
21. The company has not raised any money through public issue during
the year under review;
22. The company has not reported or noticed any fraud on or by the
company during the financial year.
For SUSHIL VIPAN & CO.
CHARTEREDACCOUNTANTS
PLACE: DELHI
DATED: May 25'2012 (VIPAN AGGARWAL)
PROPRIETOR
M.NO. 84726
F.R.No. 006127K
Mar 31, 2010
We have audited the attached Balance Sheet of OSCAR GLOBAL LIMITED, New
Delhi as at 31st March, 2010 and also the Profit and Loss Account 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 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.
1. 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.
2. Further to our comments in the Annexure referred to above, we
report that:
- 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.
- 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;
- The Balance Sheet and Profit & Loss Account dealt with by this report
are in agreement with the books of accounts;
- In our opinion, the Balance Sheet and Profit & Loss Account dealt
with by this report comply with the Accounting Standards referred to in
sub-section (3C) of section 211 of the companies Act 1956.
- On the basis of written representation received from the directors,
as on 31st March, 2010, and taken on record by the Board of Directors,
we report that none of the directors is disqualified as on 31s1 March,
2010 from being appointed as a director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
- In our opinion and to the best of our information and according to
the explanations given to us, the said accounts 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:
- in the case of Balance Sheet of the state of affairs of the company
as at 31st March, 2010 and;
- in the case of the Profit & Loss Account of the Loss for the year
ended on that date.
ANNEXURE TO THE AUDITORS REPORT
Reference to paragraph 1 of our report of even date on the account of
OSCAR GLOBAL UMTTED for the year ended on 31st March 2010.
1. (a). The Company has maintained proper record showing full
particulars including quantitative details and situation of fixed
assets;
(b) All the fixed assets have been physically verified by the
management at reasonable intervals and no material discrepancies were
noticed on such verification;
(c) No part of fixed assets has been disposed off during the year.
2. (a) The physical verification of inventory has been conducted at
reasonable intervals by the Management;
(b) The procedures of physical verification of inventory followed by
the management were reasonable and adequate in relation to the size of
the company and the nature of its business;
(c) The company has maintained proper records of inventory and no
material discrepancies were noticed on physical verification;
3. The Company had taken interest free unsecured loan from a firm
listed in the register maintained under section 301 of the Companies
Act, 1956 which have since been repaid. The terms and conditions of
such loans are not prima facie prejudicial to the interest of the
company. The Company has not taken loan from a company under the same
management as defined under section (IB) of Section 370 of the
Companies Act, 1956.
4. The Company has not granted any loans, secured or unsecured to
companies, firms or other parties listed in the register maintained
under Sec.301 of the companies act, 1956.
5. In our opinion and according to the information and explanation
given to us there are adequate internal control procedures commensurate
with the size of the Company and the nature of the business with regard
to purchases of inventory, fixed assets and for the sales of goods.
There are no continuing failure to correct major weaknesses in internal
control;
6. According to the information and explanation given to us, the
transactions sale of goods, materials and services, made in pursuance
of contracts or arrangements entered in register maintained under
section 301 of the Companies Act, 1956, and aggregating during the year
to Rs. 50,000/- or more in respect of each party, have been made at
prices which are reasonable having regard to the prevailing market
price for such goods, materials and services or the price at which such
transactions for similar goods, material and services have been made
with other parties.
7. The Company has not accepted any deposits from the public to which
the provision of Sec. 58A of the Companies Act, 1956 apply.
8. The company has reasonable Internal Audit System commensurate with
Rs size and nature of its business.
9. The Central Govt, has not prescribed maintenance of Cost Records
under Sec. 209(1)(d) of Companies Act, 1956.
10. (a) None of the undisputed amounts payable in respect of Income
Tax, Wealth Tax, Sales Tax, Custom Duty, Excise Duty including
Provident Fund and Employees State Insurance were outstanding as at
the last day of the financial year concerned for a period of more than
six months.
(b) There has been no disputed amount to be deposited in respect of
Sales Tax, Income Tax, CustomTax, Wealth Tax, Excise Duty and Cess
etc;
11. There has been accumulated losses at the end of financial year
amounting to Rs. 590.90 Lacs (prev. year 627.95 Lacs);
12. The company has not defaulted in repayment of dues to a financial
institution or bank;
13. The Company has not granted any loans and advances on the basis of
security by way of pledge of shares, debentures and other securities;
14: The provisions of any special statute applicable to chit fund does
not apply to the company;
15. The company is not dealing or trading in shares, securities,
debentures and other investments;
16. The company has not given any guarantee for loans taken by others
from banks or financial institutions;
17. The company has not raised any term loan during the financial
year;
18. The company has not used funds raised on short term basis for long
term investment and vice versa;
19. The company has not made any preferential allotment of shares
during the financial year;
20. The company has never raised any money through Debenture issue;
21. The company has not raised any money through public issue during
the year under review;
22. The company has not reported or noticed any fraud on or by the
company during the financial year.
For SUSHIL VIPAN & CO.
CHARTERED ACCOUNTANTS
PLACE: DELHI.
DATED: 30th April, 2010
(VIPAN AGGARWAL)
PROPRIETOR
M.NO. 84726
F.RNo. 006127N