Mar 31, 2012
We have audited the attached Balance Sheet of HARI GOVIND INTERNATIONAL
LIMITED as at 31st March, 2012, the Profit and Loss Account FOR THE
YEAR EXDED 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.
1. 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.
2.As required by the Companies (Auditor's Report) Order, 2003 issued by
the Central Government of India in terms of sub-section (4A) of section
227 of the Companies Act, 1956, we enclose in Annexure, a statement on
the matters specified in paragraphs 4 and 5 of the said order.
3. Further to our comments in the Annexure referred to in paragraph 2
above, we report that:
a) We have obtained all the information and explanations, which to the
best of our knowledge and belief were ne3cessary for the purpose of our
audit.
b) In our opinion, proper books of account, as required by the law,
have been kept by the company, so far as appears from our examination
of those books.
c) The Balance Sheet, the Profit & Loss Account dealt with by this
report are in agreement with the books of account.
d) In our opinion, the Balance Sheet, the Profit & Loss Account dealt
with by this report comply with the mandatory Accounting Standards
referred to in sub-section (3c) of section 211 of the Companies Act
1956
e) In our opinion, and based on information and explanation given to
us, none of Directors are disqualified as on 31st March, 2012 form
being appointed as Directors in term of section 274(1)(g) 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
significant Accounting Policies and other notes thereon give the
information required by the Companies Act, 1956, in the manner so
required, and present a true and fair view in conformity with the
accounting principles generally accepted in India:
(i) In so far as it is relates to Balance Sheet, of the state of
affairs of the company as at 31st March, 2012;
(ii) In so far as it relates to the Profit & Loss Account, the profit
of the company for the year ended on that date;
(iii) In so far as it relates to Cash Flow Statement, of the Cash Flow
for the year ended on that date
ANNEXURE REFERRED TO IN PARAGRAPH 2 OF THE AUDITOR'S REPORT ON THE
ACCOUNTS OF HARIGOVIND INTERNATIONAL LIMITEDFOR THE YEAR
ENDING 2012
As required by the Companies (Auditor's report) Order, 2003 issued by
the central Government of India in terms of section 227(4-A) of the
Companies Act, 1956, we report that:
It is informed by the management and directors of the company that the
company is under closure since 1999-2000. Most of the records in the
form of original register, documents etc. are soiled and destroyed by
termites that were kept in factory premises.
Regarding the inventory position, there are no records available for
the period from 01-04-1999 to 31-03-2000 and onwards.
Whatever data and records that the management have collected from the
available spoiled papers etc. is made available to us for audit and
examination for the said financial year.
From the above available records the comments on the accounts as
annexure to auditor report is as follows.
1. The company has maintained proper records showing full particulars,
including quantitative details and situation of fixed assets. As the
company ceases to operate the company has not verified all the fixed
assets physically. However to the best of our information and
explanations given to us no serious discrepancies been noticed in the
records.
2. None of the Fixed Assets have been revalued by the company during
the year.
3. Physical verification was not conducted by the management at
reasonable intervals during the year in respect of finished goods, raw
material, stores & spare part as the operation of the company had
stopped in the year 1999-2000.
4. The procedure of physical verification (was nor carried out as the
company ceases to operate) of stocks followed by the management are
reasonable and adequate in relation to the size of the company and
nature of its business.
5. As explained to us no significant discrepancies were noticed on such
verification as compared with the book records and the same have been
properly dealt with in the books of accounts.
6. The valuation of these stock is fair and proper and in accordance
with the normally accepted accounting principles. The basis of
valuation of stock is same as in the preceding year
7. During the year the company has taken unsecured loan of Rs. NIL/-
age amount of interest is not provided.
8. The company has not granted loans secured or unsecured to companies,
firms or other parties listed in the register maintained under section
301 of the Companies Act, 1956 and/or to the companies under the same
management as detailed under section 370 (1-B) of the Companies Act,
1956.
9. The principal amount and interest there on accumulated is nor
recoverable from the said parties. Hence for the current year interest
is not charged on the outstanding loan and advance account.
10. As the company ceases to operate since 1999-2000 there were no
transaction of purchases of stores, raw material including components
plant and machinery and other assets and for the spell of goods. The
question of internal control procedures does not arise.
11. The company has not accepted any deposits from the public.
12. The company has no by-products and in our opinion reasonable
records have been maintained by the company for sale and disposal of
realizable scraps, wherever significant.
13. The company did not have any formal internal audit system but its
internal control procedure ensures the checking of financial records
which in our opinion is reasonable commensurate with its size and
nature of its business.
14. The central government has not prescribed maintenance of cost
records to zip manufacturing industry under section 209 (1) (d) of the
Companies Act, 1956 (1 of 1956.
15. The company is regular in depositing Provident Fund and Employees
State Insurance dues with the appropriate authority.
16. According to the information and explanations give to us, no
undisputed amounts payable in respect of Income Tax, Customs Duty and
Excise Duty, Wealth Tax, Sales Tax were outstanding as at the last day
of the financial year for a period of more then six months from the
date they became payable.
17.During the course of our examination of the books of accounts
carried out in accordance with generally accepted auditing practices
and as per the information and explanations given to us there are no
personal expenses charged to revenue account.
18. The company is not a sick industrial company within the meaning of
clause (O) of the sub-section (1) of section (3) of the Sick Industrial
Companies, (Special) Provision Act, 1985.
For DILIP JAMBHEKAR & COMPANY
Chartered Accountants
Sd/-
Place : Mumbai (Vinay P. Sapre)
Date : 10th August, 2012 Patner
Membership No. 10360
Mar 31, 2011
We have audited the attached Balance Sheet of HARI GOVIND INTERNATIONAL
LIMITED as at 31st March, 2011, the Profit and Loss Account 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.
1. 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.
2. As required by the Companies (Auditor's Report) Order, 2003 issued
by the Central Government of India in terms of sub-section (4A) of
section 227 of the Companies Act, 1956, we enclose in the Annexure, a
statement on the matters specified in paragraphs 4 and 5 of the said
order.
3. Further to our comments in the Annexure referred to in paragraph 2
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 the law,
have been kept by the company, so far as appears from our examination
of those books.
c) The Balance Sheet, the Profit & Loss Account dealt with by this
report are in agreement with the books of account.
d) In our opinion, the Balance Sheet, the Profit & Loss Account dealt
with by this report comply with the mandatory Accounting Standards
referred to in sub-section (3C) of section 211 of the Companies Act
1956
e) In our opinion, and based on information and explanation given to
us, none of Directors are disqualified as on 31st March, 2011 from
being appointed as Directors in term of section 274(1 )(g) of The
Companies Act, 1956.
I) 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
significant Accounting Policies and other notes thereon give the
information required by the Companies Act, 1956, in the manner so
required, and present a true and fair view in conformity with the
accounting principles generally accepted in India:
(i) In so far as it is relates to Balance Sheet, of the state of
affairs of the company as at 31st March, 2011;
(ii) In so far as it relates to the Profit & Loss Account, the profit
of the company for the year ended on that date;
(iii) In so far as it relates to Cash Flow Statement, of the Cash Flow
for the year ended on that date
ANNEXURE REFERRED TO IN PARAGRAPH OF THE AUDITOR'S REPORT ON THE
ACCOUNTS OF HARIGOVTND INTERNATIONAL LBVUTEDFOR THE YEAR ENDING 2011
As required by the Companies (Auditor's report) Order, 2003 issued by
the central Government of India in terms of section 227(4-A) of the
Companies Act, 1956, we report that:
It is informed by the management and directors of the company that the
company is under closure since 1999-2000. Most of the records in the
form of original register, documents etc. are soiled and destroyed by
termites that were kept in factory premises.
Regarding the inventory position, there are no records available for
the period from 01-04-1999 to 31-03-2000 and onwards.
Whatever data and records that the management have collected from the
available spoiled papers etc. is made available to us for audit and
examination for the said financial year.
From the above available records the comments on the accounts as
annexure to auditor report is as follows.
1. The company has maintained proper records showing full particulars,
including quantitative details and situation of fixed assets. As the
company ceases to operate the company has not verified all the fixed
assets physically. However to the best of our information and
explanations given to us no serious discrepancies been noticed in the
records.
2. None of the Fixed Assets have been revalued by the company during
the year.
3. Physical verification was not conducted by the management at
reasonable intervals during the year in respect of finished goods, raw
material, stores & spare part as the operation of the company had
stopped in the year 1999-2000.
4. The procedure of physical verification (was not carried out as the
company ceases to operate) of stocks followed by the management are
reasonable and adequate in relation to the size of the company and
nature of its business.
5. As explained to us no significant discrepancies were noticed on
such verification as compared with the book records and the same have
been properly dealt with in the books of accounts.
6. The valuation of these stock is fair and proper and in accordance
with the normally accepted accounting principles. The basis of
valuation of stock is same as in the proceeding year.
7. During the year the company has taken unsecured loan of Rs. NIL/-
The amount of interest is not provided.
8. The company has not granted loans secured or unsecured to
companies, firms or other parties listed in the register maintained
under section 301 of the Companies Act, 1956 and/or to the companies
under the same management as detailed under section 370 (1-B) of the
Companies Act, 1956.
9. The principal amount and interest there on accumulated is not
recoverable from the said parties. Hence for the current year interest
is not charged on the outstanding loan and advance account.
10. As the company ceases to operate since 1999-2000 there were no
transaction of purchases of stores, raw material including components
plant and machinery and other assets and for the sell of goods. The
question of internal control procedures does not arise.
11. The company has not accepted any deposits from the public.
12. The company has no by-products and in our opinion reasonable
records have been maintained by the company for sale and disposal of
realizable scraps, wherever significant.
13. The company did not have any formal internal audit system but its
internal control procedure ensures the checking of financial records
which in our opinion is reasonable commensurate with its size and
nature of its business.
14. The central government has not prescribed maintenance of cost
records to zip manufacturing industry under section 209 (1) (d) of the
Companies Act, 1956 (1 of 1956).
15. The company is regular in depositing Provident Fund and Employees
State Insurance dues with the appropriate authority.
16. According to the information and explanations given to us, no
undisputed amounts payable in respect of Income Tax, Customs Duty and
Excise Duty, Wealth Tax, Sales Tax were outstanding as at the last day
of the financial year for a period of more then six months from the
date they became payable.
17. During the course of our examination of the books of accounts
carried out in accordance with generally accepted auditing practices
and as per the information and explanations given to us there are no
personal expenses charged to revenue account.
18. The company is not a sick industrial company within the meaning of
clause (O) of the sub-section (1) of section (3) of the Sick Industrial
Companies, (Special) Provision Act, 1985.
For DILIP JAMBHEKAR & COMPANY
Chartered Accountants
Sd/-
Place : Mumbai (Vinay P. Sapre)
Date : 10th August, 2011 Partner
Membership No. 103602
Mar 31, 2010
1. We have audited the attached Balance Sheet of M/S HARI GOVIND
INTERNATIONAL LIMITED., (name of the company), as at 31st March, 2010,
and also the profit and loss account for the year ended on that date
annexed thereto [in which are incorporated accounts of NIL branches
audited by us, NIL branches audited by other auditors and NIL. Branches
exempt from audit under the Companies (Branch Audit) Exemption Rules,
1961]. These financial statements are the responsibility of the
company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
2. We conducted our audit in accordance with 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 mis-statement. 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.
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, we enclose in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the said
Order.
4. Further to our comments in the Annexure referred to above, 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 purposes 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 proper returns adequate for the purposes of our audit
have been received from the branches not visited by us. The Branch
Auditor's Report have forwarded to us and have been appropriately
dealt with];
(iii) The balance sheet, profit and loss account and- cash flow
statement dealt with by this report are in agreement with the books of
account [and with the audited returns from the branches];
(iv) In our opinion, the balance sheet, profit and loss account and
cash flow statement dealt with by this report comply with the
accounting standards referred to in sub-section (3C) of section 211 of
the Companies Act, 1956;
(v) On the basis of written representations received from the
directors, as on 31 March, 2010 and taken on record by the Board of
directors, we report that none of the directors is disqualified as on
31st March, 2010 from being appointed as a director in terms of clause
(g) of sub-section Cl) of section 274 of the Companies Act, 1956 ;
(vi) 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; .
(a) in the case of the balance sheet, of the state of affairs of the
company as at 31st March, 2010 ;
(b) in the case of the profit and loss account, of the profit/loss for
the year ended on that date.
Annexure refered to in paragraph (1) of our report of even date on the
Accounts of M/S HARI GOVIND INTERNATIONAL LTD., for the year ended 31st
March, 2010 :
It is informed by the management and directors of the company that the
company is under closure since 1999-2000. Most of the records in the
form of original register-, documents etc. are soiled and destroyed by
termites that were kept in factory premises.
Regarding the inventory position, there are no records available for
the period from 01-04-1999 to 31-03-2000 and onwards.
Whatever data and records that the management have collected from the
available spoilecH papers etc. is made available to us for audit and
examination for the said financial year.
From the above available records the comments on the accounts as
annexure to auditor report is as follows.
1. The company has maintained proper records showing full particulars,
including quantitative details and situation of fixed assets. As the
company ceases to operate the company had not verified all the fixed
assets physically. However to the best of our information and
explanations given to us no serious discrepancies been noticed in the
records.
2. None of the Fixed Assets have been revalued by the company during
the year.
3. Physical verification was not conducted by the management at
reasonable intervals during the year in respect of finished goods, raw
material, stores & spare part as the operation of the company had
stoped in the year 1999-2000.
4. The procedure of physical verification (was not carried out as the
company ceases to operate) of stocks followed by the management are
reasonable and. adequate in relation to the size of the company and
nature of its business.
5. As explained to us no significant discrepancies were noticed on
such verification as compared with the book records and the same have
been properly dealt with in the books of accounts.
6. The valuation of these stock is fair and proper and in- accordance
with the normally accepted accounting principles. The basis of
valuation of stock: is same as in the preceeding year.
7. During the year the company has taken unsecured loan of Rs.
10883525/- from Mr. Jugalkishore H. Maniyar director of the company for
payment of Administrations & Sales Tax Liability under the amnesty
scheme launched by the State Government and payment of unsecured loan
of Mrs. Sunita Jugalkishore Maniyar. The amount of interest is not
provided.
8. The company has not granted loans secured or unsecured to
companies, firms or other parties listed in the register maintained
under section 301 of the Companies Act, 1956 and/or to the companies
under the same management as detailed under section 370 (1 - B) of the
Companies Act, 1956:
9. The principal amount and interest there on accumulated is not
recoverable from the said parties. Hence for the current year interest
is not charged on the outstanding loan and advance account.
10. As the company ceases to operate since 1999-2000 there were no
transaction of purchases of stores, raw material including components
plant and machinery and other assets and for the sell of goods. The
question of internal control procedures does not arise.
11. The company has not accepted any deposits from the public.
12. The company has no-by-products and in our opinion reasonable
records have been maintained by the company for sale and disposal of
realizable scraps, wherever significant.
13. The company did not have any formal internal audit system but its
internal control procedure ensures the checking of financial records
which in our opinion is reasonable commensurate with its size and
nature of its business.
14. The central government has not prescribed maintenance of cost
records to zip manufacturing industry under section 209 (1) (d) of the
Companies Act 1956 (1 of 1956).
15. The company is regular in depositing Provident Fund and Employees
State Insurance dues with the appropriate authority.
16. According to the information and explanations given to us, no
undisputed amounts payable in respect of Income Tax, Customs Duty
and Excise Duty, Wealth Tax, Sales Tax were outstanding as at the last
day of the financial year for a period of more then six months from the
date they became payable.
17. During the course of our examination of the books of accounts
carried out in accordance with generally accepted auditing practices
and as per the information and explanations given to us there are no
personal expenses charged to revenue account.
18. The Company is not a sick industrial company within the meaning of
clause (O) of the sub-section (1) of section (3) of the Sick Industrial
Companies, (Special) Provision Act, 1985.
FOR DILIP JAMBHEKAR & COMPANY,
CHARTERED ACCOUNTANTS.
PLACE: NAGPUR.
DATE : 20th August, 2010. (VINAY P. SAPRE)
PARTNER.
Membership No. 103602.