2010-11 - Grasim

SAMR
AMRUDDHI SWASTIK
TRADING AND
INVESTMENTS LIMITED
AUDI
UDITOR
OR’S ’S REPORT
THE MEMBERS S OF SAMR
AMRUDDHI SWASTIK
TRADING AND
INVESTMENTS LIMITED
1. We have audited the attached Balance Sheet of Samruddhi Swastik
Trading and Investments Limited as at 31st March, 2011 and also
the Profit and Loss Account and Cash Flow Statements of the
Company for the year ended on that date. 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 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-statements. An
audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in financial statements. An audit also
includes assessing the accounting principles used 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, 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 :
(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 law
have been kept by the Company, so far as appears from our
examination of those books;
(c) The Balance Sheet, Profit and Loss Account and Cash Flow
Statement dealt with by this Report are in agreement with the
books of account.
(d) 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 3 (c )
of Section 211 of the Companies Act,1956;
(e) On the basis of written representations received from the
directors, as on 31st March 2011 and taken on record by the
Board of Directors, we report that none of the directors is
disqualified as on 31st March, 2011 from being appointed as
directors in terms of clause (g) of sub-section (1) of section
274 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 give the
information required by the Companies Act, 1956 in the manner
so required and give a true and fair view in confirmity with the
accounting principles generally accepted in India.
(i) In the case of the Balance Sheet, of the State of Affairs
of the Company as at 31st March, 2011.
(ii) In the case of the Profit and Loss Account, of the Profit
of the Company for the year ended on that date; and
(iii) In the case of Cash Flow Statement, of the Cash Flow
for the year ended on that date.
Dated : 29 April, 2011
Place: Ujjain
for
AMRITLAL H. JAIN & CO.
Chartered Accountants
Amritlal H. Jain,
Partner
ANNEXURE REFERRED TO O IN PARA
ARAGRAPH 3 OF OUR UR REPORT T OF
EVEN DATE TE ON THE ACCO
CCOUNTS OF SAMR
AMRUDDHI SWASTIK
TRADING
AND INVESTMENTS LTD
TD. . FOR THE YEAR ENDED ON MARCH CH 31ST
2011
1. Fixed
Assets :
(a) The Company has maintained proper records showing full
particulars including quantitative details and situation of its
fixed assets.
(b) These fixed assets were physically verified by the management
during the year. We have been informed that no material
discrepancies were noticed on such physical verification.
(c) No part of fixed assets has been disposed of during the year,
which affects its status as going concern.
2 In our opinion the company has an internal audit system
commensurate with its size and nature of business.
3 In our opinion and according to the information and explanations
given to us, no undisputed amounts payable in respect of aforesaid
dues were outstanding as at March 31, 2011 for a period of more
than six months from the day they became payable.
4 The Company has no accumulated losses. The company has not
incurred cash losses in the financial year under report and financial
year immediately preceding such financial year.
5 In our opinion, the funds raised on short term basis have not been
used for long term investments.
6 In our opinion and according to the information and explanations
given to us, and due to the nature of the Company’s business /
activities during the year the clauses (ii) to (vi), (viii), (xi) to (xvi) and
(xviii) to (xxi) of paragraph 4 & 5 of the Companies (Auditor’s Report
) Order, 2003 are not applicable to the company.
Date :
Place: Ujjain
For AMRITLAL H. JAIN & CO.
Chartered Accountants
AMRITLAL H. JAIN
Partner
The Board of Directors of
Samruddhi Swastik Trading and Investments Limited
Birlagram Nagda 456 311 (M.P.)
Dear Sirs,
Report under Non-Banking Financial Companies Auditors
uditors’ ’ Report
(Reser
eserve e Bank) Directions, 2008
08
As required by the Non-Banking Financial Companies Auditors’ Report
(Reserve Bank) Directions, 2008, in our opinion and on the basis of such
checks of the books and records as we considered appropriate and according
to the information and explanations given to us during the course of
verification which were necessary to the best of our knowledge and belief,
we state on the matters specified in paragraphs of the said Directions for
the year ended 31 st March, 2011 as under:
a) The Company has applied for registration as provided in the Section
451A of the Reserve Bank of India Act, 1934 (2 of 1934) and has
received the registration certificate No.03.00037 dated 03.03.1998
from Reserve Bank of India;
b) The Board of Directors have passed a resolution on 29.04.2011 for
non-acceptance of any public deposit;
c) The Company has not accepted any deposit from public during the
year ended 31 st March, 2011 and
d) The Company has complied with prudential norms relating to income
recognition, accounting standards, asset classification and provisioning
for bad and doubtful debts as applicable to it.
For
Amritlal H. Jain & Co.
Chartered Accountants
Amritlal H. Jain
Partner
Date: 29 April, 2011 Membership No. 02154
Place: Ujjain
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