Annual Report for 2011-2012 - Vizag Steel

30 th Annual Report 2011-12
B.V. RAO & Co.
Chartered Accountants
17. Usage of Short Term and Long Term Funds
According to the information and explanations given to us and on an overall examination of the Balance Sheet of the
Company, we report that no funds raised on short-term basis have been used for long-term investment and vice
versa.
18. Preferential Allotment of Shares
According to the information and explanations given to us, the Company has not made any preferential allotment of
shares to parties and companies covered in the register maintained under Section 301 of the Act ibid, during the
year.
19. Issue of Debentures
According to the information and as per records, the Company has not issued debentures during the year.
20. End use of money raised by Public Issue
According to the information and explanations given to us, the Company has not raised money by public issues
during the year.
21. Frauds
According to the information and explanations given to us, no fraud on or by the Company has come to our notice
or reported to us during the course of our audit.
Place: Visakhapatnam
Date: 18.06.2012
FOR B.V.RAO & Co.
CHARTERED ACCOUNTANTS
No. (F.R.N) 003118S
Sd/-
Partner
M. No: 210724
FF-1, ‘Satyalakshmi Vinayaka Towers’, D.No. 49-28-12, Madhuranagar, Visakhapatnam - 530 016.
Phone : Off : 0891-2549707 / 2549561 Res. : 0891-2799234 / 2551827 Mobile : 9391 03175 / 93931 00103
e-mail:bvraoandco@gmail.com Branch Office at Bengaluru
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