Annual Report FY2011 - Sujana Group
Annual Report FY2011 - Sujana Group
Annual Report FY2011 - Sujana Group
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
SUJANA UNIVERSAL INDUSTRIES LIMITED<br />
12. According to the information and explanations given to us, the Company has not granted<br />
any loans and advances on the basis of security by way of pledge of shares, debentures<br />
and other securities.<br />
13. The provisions of any special statute applicable to chit fund / mutual benefit fund / societies<br />
are not applicable to the Company.<br />
14. As the Company is not dealing or trading in shares, securities, debentures and other<br />
investments paragraph (xiv) of the Companies (Auditors <strong>Report</strong>) Order. 2003 is not<br />
applicable to the Company for the year.<br />
15. In my opinion and according to the information and explanation given to us, the terms and<br />
conditions on which the Company has given guarantee for loan taken by other Company<br />
from bank are not prejudicial to the interest of the Company.<br />
16. The Company has not raised any new term loans during the year. The term loans outstanding<br />
at the beginning of the year have been applied for the purposes for which they were raised.<br />
17. According to the information and explanations give to us and an overall examination of<br />
the balance sheet of the Company, we report that no funds raised on a short-term basis<br />
which have been used for long-term investment, and vice versa.<br />
18. The Company has not issued any debentures during the year and therefore paragraph<br />
4(xix) of the order is not applicable.<br />
19. In our opinion, and according to the information and explanations given to us and as far<br />
as we could ascertain no personal expenses have been charged to the revenue account.<br />
20. In our opinion, and according to the information and explanations given to us, the Company<br />
is not covered within the definition of Sick Industrial Company as contained in Section 3(I)<br />
(O) of the Sick Industrial Companies (Special Provisions) Act. 1985.<br />
21. According to the information and explanations given to us there were no damaged goods<br />
in the case of goods purchased for re-sale.<br />
22. During the course of our examination of the books and records of the Company, carried<br />
out in accordance with the generally accepted auditing practices in India, and according to<br />
the information and explanations given to us, we have neither come across any instance<br />
of fraud on or by the Company, noticed or reported during the year, nor have we been<br />
informed of such case by the management.<br />
For T. RAGHAVENDRA & ASSOCIATES<br />
Chartered Accountants<br />
Place : Hyderabad<br />
T. RAGHAVENDRA<br />
Date : 21.07.2011 Mem. No. 023806<br />
FRN : 003329S<br />
: : 46 : :
Change language