Mar 31, 2010
1. We have audited the attached Balance Sheet of PRETTO LEATHER
INDUSTRIES LIMITED as at 31st March, 2010 and me related Profit and
Loss Account for the year ended on that date annexed thereto. which
we have signed undor reference to this report. These Financial
Statements based on our audit.
2. 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 also
includes assessing the accounting principle used as no significant
estimates made by the management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
3. As required by the Companies (Auditors Reports Order 2003 issued
by the Central Government of India in terms of sub-section (4a) of
Section 227 of the Companies Act, 1956 of India (The Act) and on the
basis of such checks as we considered appropriate and according to the
mforrnation and explanations given to us, we give in the annexure a
statement on the matters specified in paragraph 4 and 5 of the said
order.
4. Further to our comments in paragraph 3 above, we report that:
4.1 We have obtained all the information and explanations which to the
best of our knowledge belief were necessary for the purpose of our
audit:.
4.2 In our opinion, proper books of account as required by law have
been kept by the Branch so far as appears from our examination of those
books;
4.3 The Balance Sheet and Profit and Loss Account dealt with by Ãthis
report are in agreement with the books of account;
4.4 In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
subsection (3C) of Section 211 of the Act: ,
4.5 On the basis of the written representation received from directors
as on 31st March, 2010 and taken on record by the Board of Director, We
report that none of the Directors is disqualified as on 31st March,
2010 from being appointed as Directors in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act, 1956 and
4.6 Subject to note no. I (e) regarding change in the method of
accounting for future gratuity, In our opinion and to the best of our
information and according to the explanations given to us, the said
financial statements together with the notes thereon and attached
thereto give in the prescribed manner the information required by the
Act, 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
Branch as at 31st March, 2010;
ii) In case of the Profit ana Loss Account, of the Profit for the year
ended on that date;
ANNEXURE TO AUDITORS REPORT
(Referred to paragraph 3 of the Auditors Report of the even date to the
members of PRETTO LEATHER INDUSTRIES LIMITED on the financial
statements for the years ended march 31st, 2010
1. a) The company is maintaining proper records showing full
particulars including quantitative details and situation of its fixed
assets.
b) The management informed us that they have physically verified fixed
assets in the norma! course of the business at regular interval no
material discrepancies between the book records and the physical
inventory have been noticed in respect of the assets physically
verified.
c) In our opinion and according to the information and explanations
given to us, a substantial part of part fixed assets have not been
disposed off by the company during the year
2. a)The inventory consisting of stock of tyres & tubes diesel, stores
& spare parts were physically verified by the managment during the
years. In our opinion ,the frequency of the verification is reasonable.
b) In our opinion , the procedures of physically verification of
inventory followed by the management are reasonable and adequate in
relation to the size of the company and nature of its business
c) On the basic of our examination of the inventory records ,in our
opinion ,the Company is maintaining proper records of inventory. The
discrepancies noticed on physical verification of inventory as compared
to book records were not material.
3. a) According to the information and explanations given to us, the
company has , during the year not granted any loans secured or
unsecured to company ,firms or other parties covered in the register
maintained under Section 301 of the Companies Act. 1956. In our
opinion, the requirements of paragraph 3 (b) (c) and (d) of the order
are not applicable to the Company.
b) According to the information and explanations given to us, the
company has, during the year not taken any loan secured or secured from
companies, firms or other parties covered in the Register maintained
under section 301 of the Companies Act, 1956.
Accordingly, in our opinion, the requirements of paragraph 3(f) and (g)
of the order are not applicable to the Company.
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 for the purchase of inventory, fixed assets and for the sale
of goods and services. Further, on the basis of our examination of the
books and records of the company, and according to the information and
explanations given to us, we have neither come across nor have been
informed of any continuing failure to correct majaor weakness in the
aforesaid internal control procedures.
5. 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 Act, 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 entered into the register in pursuance of Section 301 of
the Act.
6. in our opinion and according to the information and explanations
given to us, the Company has not accepted any deposits from the public
within the meaning of Provisions of Section 58A & 58AA of the Companies
Act, 1956 and the Companies (Acceptance of Deposits) Rules 1957.
According to the information and explanation given to us, no order
under the aforesaid Sections has been passed by the Company Law Board
or National Company Law tribunal or Reserve Bank of India or any court
or any other tribunal, on the Company.
7. In our opinion, the Company has an internal audit system
commensurate with the size and nature of its business.
8. The Central Government has not prescribed the maintenance of cost
records under clause (d) sub-section (1) of Section 209 of the Act.
9. A) according to the information and explanations given to us and
the records of the Company examined by us. in our opinion the Company
is generally regular in depositing the undisputed statutory dues
including providend fund, investor education fund protect on fund.
employees state insurance income tax. sales tax. service tax. wealth
tax. customs duty, excise duty, cess and other material statutory dues
as applicable with the appropriate authorities.
b) According to the records of the Company and the information and
explanations given to us, the Company does not have any disputed dues
on account income tax, sales tax service tax wealth tax customs duty,
excise duty cess as at March, 3Ist 2010 have no dues.
10. The Company does not have accumulated losses as at March 31. 2010
and has not incurred cash losses during the financial year ended on
that date or in the immediately preceding financial year.
11. According to the record of the Company examined by us and the
information and explanation given to us, the Company has not defaulted
in repayment of dues to any financial institution or bank or debenture
holders as at the balance sheet date.
12. Based on our examination of the records and the information and
explanation given to us by the company has not granted any loans and
advances on the basis of security by way of pledge of the shares
debentures and other securities.
13. The provision of any special statute applicable to the chit fund /
nidhi / mutual benefit fund/societies are not applicable to the Company
14. in our opinion and according to the information and explanations
given to us, the Company is not a dealer or trader in shares,
securities, debentures and other Investments, hence the requirements of
para (xiv) of the order are not applicable to the Company.
15. 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.
16. According to the information and explanations giver, to us on an
overall basis, the terras loan taken by the company have been applied
for the purposes for which they were obtained.
17. On the basis of an overall examination of the balance sheet of the
Company, in our opinion and according to the information and
explanations given to us, there are no funds raised on a short-term
basis, which nave been used for a long term investments.
18. The Company has not made any preferential allotment of shares to
parties and companies in the register maintained under section 301 of
the Act during the year.
19. The Company not issued any debentures.
20. The Company has not raised any money by public issues during the
year.
21 . 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 been informed of such case by the management.
For and on behalf of the
R K Saxena & Company
Charteretd Accountants
PR Saxena
Membership No. 096441
Date 01/09/2010
Mar 31, 2009
1. We have audited the attached Balance Sheet of PRETTO LEATHER
INDUSTRIES LIMITED as at 31st March, 2009 and the related Profit and
Loss Account for the year ended on that date annexed thereto, which we
have signed under reference to this report. These Financial Statements
based on our audit.
2. 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 also
includes assessing the accounting principle used as and significant
estimates made by the management, as well as evaluating the overall
financial statement presentation. We believe. that .our audit provides a
reasonable basis for our opinion.
3. As required by the Companies (Auditor's Report) Order 2003 issued
by the Central Government of India in terms of sub-section (4A) of
Section 227 of the Companies Act, 1956 of India (The Act) and on the
basis of such checks as we considered appropriate and according to the
information and explanations given to us, we give in the annexure a
statement on the matters specified in paragraph 4 and 5 of the said
order.
4. Further to our comments in paragraph 3 above, we report that:
4.1 We have obtained all the information and explanations, which to the
best of our knowledge belief, were necessary for the purpose of our
audit;
4.2 In our opinion, proper books of account as required by law have
been kept by the Branch so far as appears from our examination of those
books;
4.3 The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account;
4.4 In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
subsection (3C) of Section 211 of the Act;
4.5 On the basis of the written representation received from directors
as on 31st March, 2009 and taken on record by the Board of Director, We
report that none of the Directors is disqualified as on 31st March
2009 from being appointed as Directors in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act, 1956 and
4.6 Subject to note no. 1 (e) regarding change in the method of
accounting for future gratuity, In our opinion and to the best of our
information and according to the explanations given to us, the said
financial statements together with the notes thereon and attached
thereto give in the prescribed manner the information required by the
Act, 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
Branch as at 31 March, 2009;
ii) In case of the. Profit and Loss Account, of the Profit for the year
ended on that date;
ANNEXURE TO AUDITORS REPORT
(Referred to paragraph 3 of the Auditors Report of the even date to the
members of PRETTO LEATHER INDUSTRIES LIMITED on the financial
statements for the years ended march 31, 2009
1. a) The company is maintaining proper records showing full
particulars including quantitative details and situation of its fixed
assets.
b) The management informed us that they have physically verified fixed
assets in the normal course of the business at regular interval .no
material discrepancies between the book records and the physical
inventory have been noticed in respect of the assets physically
verified.
c) In our opinion and according to the information and explanations
given to us, a substantial part of part fixed assets have not been
disposed off by the company during the year
2. a)The inventory consisting of stock of tyres & tubes, diesel,
stores & spare parts were physically verified by the management during
the years, in our opinion ,the frequency of the verification is
reasonable.
b) In our opinion , the' procedures of physically verification of
invention followed by the management are reasonable and adequate in
relation to the size of the company and nature of its business.
c) On the basic of our examination of the inventory records ,in our
opinion ,the Company is maintaining proper records of inventory. The
discrepancies noticed on physical verification of inventory as compared
to book records were not material.
3. a) According to the information and explanations given to us, the
company has.,-during the year not granted any loans secured or
unsecured to company ,firms or other parties covered in the register
maintained under Section 301 of the Companies Act, 1956. In our
opinion, the requirements of paragraph 3 (b) (c) and (d) of the order
are not applicable to the Company.
b) According to the information and explanations given to us, the
company has, during the year not taken any loan secured or secured from
companies, firms or other parties covered in the. Register maintained
under section 301 of the Companies Act, 1956. Accordingly, in our
opinion, the requirements of paragraph 3(f) and (g) of the order are
not applicable to the Company.
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 for the purchase of inventory, fixed assets and for the sale
of goods and services. Further, on the basis of our examination of the
books and records of the company, and" according to the information and
explanations given to us, we have neither come across nor have been
informed of any continuing failure to correct majaor weakness in the
aforesaid internal control procedures.
5. 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 Act, 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 entered into the register in pursuance of Section 301 of
the Act.
6. In our opinion and according to the information and explanations
given to us-, the Company has not accepted any deposits from the public
within the meaning of Provisions of Section 58A & 58AA of the Companies
Act, 1956 and the Companies (Acceptance of Deposits) Rules 1957.
According to the information and explanation given to us, no order
under the aforesaid Sections has been passed by the Company Law Board
or National Company Law tribunal or Reserve Bank of India or any court
or any other tribunal, on the Company.
7. In our opinion, the Company .has an internal audit system
commensurate with the size and nature of its business.
8. The Central Government has not prescribed the maintenance of cost
records under clause (d) sub-section (1) of Section 209 of the Act.
9. A) according to the information and explanations given to us and the
records of the Company examined by us, in our opinion the Company is
generally regular in depositing the undisputed statutory dues including
provided fund, investor education fund protection fund, employees
state insurance, income tax, sales tax, service tax, wealth tax,
customs duty, excise duty, cess and other material statutory dues as
applicable with the appropriate authorities.
b) According to the records of the Company and the information and
explanations given to us, the Company does not have any disputed dues
on account income tax, sales tax service tax wealth tax customs duty,
excise duty cess as at March, 31st 2009 have no dues.
10. The Company does not have accumulated losses as at March 31, 2009
and has not incurred cash losses during the financial year ended on
that date or in the immediately preceding financial year.
11. According to the record of the Company examined by us and the
information and explanation given to us, the Company has not defaulted
in repayment of dues to any financial institution or bank or debenture
holders as at the balance sheet date.
12. Based on our examination of the records and the information and
explanation given to us by the company has not granted any loans and
advances on the basis of -security by way of pledge of the shares
debentures and other securities.
13. The provision of any special statute applicable to the chit
fund/7nidhi/mutual benefit fund/societies are not applicable to the
Company
14. In our opinion and according to the information and explanations
given to us, the Company is not a dealer or trader in shares,
securities, debentures and other investments, hence the requirements of
para (xiv) of the order are not applicable to the Company.
15. 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.
16. According to the information and explanations given to us on an
overall basis, the terms loan taken by the company have been applied
'or the purposes for which they were obtained.
17. On the basis of an overall examination of the balance sheet of the
Company, in our opinion and according to the information and
explanations given to us, there are no funds raised on a short-term
basis, which have been used for a long term investments.
18. The. Company has not made any preferential allotment of shares to
parties and companies in the register maintained under section 301 of
the Act during the year.
19. The Company not issued any debentures.
20. The Company has not raised any money by public issues during the
year.
21. 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 been informed of such case by the management.]
For and on behalf of the
R K Saxena & Company
Chartered Accountants
P R Saxena
Membership No. 096441
Place:
Date : 01/09/2009
Mar 31, 2008
1. We have audited the attached Balance Sheet of PRETTO LEATHER
INDUSTRIES LIMITED as at 31st March, 2008 and the related Profit and
Loss Account for the year ended on that date annexed thereto, which we
have signed under reference to this report. These Financial Statements
based on our audit.
2. 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 also
includes assessing the accounting principle used as nd significant
estimates made by the management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
3. As required by the Companies (Auditor's Report) Order 2003 issued
by the Central Government of India in terms of sub-section (4A) of
Section 227 of the Companies Act, 1956 of India (The Act) and on the
basis of such checks as we considered appropriate and according to the
information and explanations given to us, we give in the annexure a
statement on the matters specified in paragraph 4 and 5 of the said
order.
4. Further to our comments in paragraph 3 above, we report that:
4.1 We have obtained all the information and explanations, which to the
best of our knowledge belief, were necessary for the purpose of our
audit;
4.2 In our opinion, proper books of account as required by law have
been kept by the Branch so far as appears from our examination of those
books;
4.3 The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account;
4.4 In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
subsection (3C) of Section 211 of the Act;
4.5 On the basis of the written representation received from directors
as on 31st March, 2008 and taken on record by the Board of Director, We
report that none of the Directors is disqualified as on 31st March,
2008 from being appointed as Directors in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act, 1956 and
4.6 Subject to note no. 1 (e) regarding change in the method of
accounting for future gratuity. In our opinion and to the best of our
information and according to the explanations given to us, the said
financial statements together with the notes thereon and attached
thereto give in the prescribed manner the information required by the
Act, 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
Branch as at 31 March, 2008;
ii) In case of the Profit and Loss Account, of the Profit for the year
ended on that date;
ANNEXURE TO AUDITORS REPORT
(Referred to paragraph 3 of the Auditors Report of the even date to the
-* members of PRETTO LEATHER INDUSTRIES LIMITED on the financial
statements for the years ended march 31, 2008
1. a) The company is maintaining proper records showing full
particulars including quantitative details and situation of its fixed
assets.
b) The management informed us that they have physically verified fixed
assets in the normal course of the business at regular interval .no
material discrepancies between the book records and the physical
inventory have been noticed in respect of the assets physically
verified.
c) In our opinion and according to the information and explanations
given to us, a substantial part of part fixed assets have not been
disposed off by the company during the year
2. a)The inventory have not consisting any material were physically
verified by the management during the years. In our opinion ,the
frequency of the verification is reasonable.
b) In our opinion , the procedures of physically verification of
inventory followed by the management are reasonable and adequate in
relation to the size of the company and nature of its business.
c) On the basic of our examination of the inventory records ,in our
opinion ,the Company is maintaining proper records of inventory. The
discrepancies noticed on physical verification of inventory as compared
to book records were not material.
3. a) According to the information and explanations given to us, the
company has , during the year not granted any loans secured or
unsecured to company ,firms or other parties covered in the register
maintained under Section 301 of the Companies Act, 1956. In our
opinion, the requirements of paragraph 3 (b) (c) and (d) of the order
are not applicable to the Company.
b) According to the information and explanations given to us, the
company has, during the year not taken any loan secured or secured from
companies, firms or other parties covered in the Register maintained
under section 301 of the Companies Act, 1956. Accordingly, in our
opinion, the requirements of paragraph 3(f) and (g) of the order are
not applicable to the Company.
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 fts
business for the purchase of inventory, fixed assets and for the
sale, of goods and services. Further, on the basis of our examination of
the books and records of the company, and according to the information
and explanations given to us, we have neither come across nor have been
informed of any continuing failure to correct major weakness in the
aforesaid internal control procedures.
5. 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 Act, 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 entered into the register in pursuance of Section 301 of
the Act.
6. In our opinion and according to the information and explanations
given to us, the Company has not accepted any deposits from the public
within the meaning of Provisions of Section 58A "& 58AA of the
Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules
1957. According to the information and explanation given to us, no
order under the aforesaid Sections has been passed by the Company Law
Board or National Company Law tribunal or Reserve Bank of India or any
court or any other tribunal, on the Company.
7. In our opinion, the Company has an internal audit system
commensurate with the size and nature of its business.
8. The Central Government has not prescribed the maintenance of cost
records under clause (d) sub-section (1) of Section 209 of the Act.
9. A) according to the information and explanations given to us and
the records of the Company examined by us, in our opinion the Company
is generally regular in depositing the undisputed statutory dues
including provided fund, investor education fund protection fund,
employees state insurance, income tax, sales tax, service tax, wealth
tax, customs duty, - excise duty, cess and other material statutory
dues as applicable with the appropriate authorities.
b) According to the records of the Company and the information and
explanations given to us, the Company does not have any disputed dues
on account income tax, sales tax service tax wealth tax customs duty,
excise duty cess as at March, 31st 2008 have no dues.
10. The Company does not have accumulated losses as at March 31, 2008
and has not incurred cash losses during the financial year ended on
that date or in the immediately preceding financial year.
11. According to the record of the Company examined by us and the
information and explanation given to us, the Company has not defaulted
in repayment of dues to any financial institution or bank or debenture
holders as at the balance sheet date.
12. Based on our examination of the records and the information and
explanation given to us by the company has not granted any loans and
advances on the basis of security by way of pledge of the shares
debentures and other securities.
13. The provision of any special statute applicable to the chit
fund//nidh I/mutual benefit fund/societies are not applicable to the
Company
14. In our opinion and according to the information and explanations
given to us, the Company is net a dealer or trader in shares,
securities, debentures and other investments, hence the requirements of
para (xiv) of the order are not applicable to the Company.
15. 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.
16. According to the information and explanations given to us on an
overall basis, the terms loan taken by the company have been applied
for the purposes for which they were obtained.
17. On the basis of an overall examination of the balance sheet of the
Company, in our opinion and according to the information and
explanations given to us, there are no funds raised on a short-term
basis, which have been used for a long term investments.
18. The Company has not made any preferential allotment of shares to
parties and companies in the register maintained under section 301 of
the Act during the year.
19. The Company not issued any debentures.
20. The Company has not raised arty money by public issues during the
year.
21. 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 been informed of such case by the management.
For and on behalf of the
RK Saxena & Associates
Chartered Accountants
P R Saxena
Partner
Membership No. 096441
Place: Delhi
Date 01/09/2008
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