APR Constructions Limited - Saffron Capital

SECTION V – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
AUDITORS‟ REPORT AND RESTATED FINANCIAL STATEMENTS OF
APR CONSTRUCTIONS LIMITED
To
The Board of Directors,
APR Constructions Limited
Hyderabad
Dear Sirs,
We have examined the financial information of APR Constructions Limited (the Company) annexed hereto with this
report for the purpose of inclusion in the Draft Red Herring Prospectus (“DRHP”).The financial information has been
prepared in accordance with Paragraph B(1) of Part II of Schedule-II of the Companies Act, 1956 (“the Act‟‟), the
Securities and Exchange Board of India (“SEBI”) – Issue of Capital and Disclosure Requirements Regulations 2009 (
SEBI (ICDR) regulations), the Guidance Note on Reports in Company Prospectus ( Revised) issued by the Institute of
Chartered Accountants of India (“ICAI”) and term of engagement agreed upon by us with the Company. The
information has been prepared by the Company and approved by the Board of Directors.
A. Financial Information as per Audited Financial Statements
We report that:
i. The attached “Summary Statement of Profit & Losses, as restated” for the Financial Year ended 2006,
2007, 2008, 2009, 2010 and for the 8 months period ended on 30.11.2010. (Annexure I).
ii. The attached “Summary Statement of Assets and Liabilities, as restated” as at 31 st March, 2006, 2007,
2008, 2009, 2010 and as at 30.11.2010. (Annexure II).
together referred to as the “Summary Statements”, have been extracted from the financial statements of the respective
years audited by us and approved by the Board of Directors/ Members.
Based on our examination of these Summary Statements, we further state that
The restated profits, assets and liabilities have been arrived at after making such adjustments and the
regroupings which in our opinion are appropriate in the year to which they relate, as shown in
Annexure-III to this report.
The summary statements of the company have been restated wherever required with retrospective effect
to reflect the significant accounting policies adopted by the company as at 31st March, 2010 as given in
Annexure-IV to this report.
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