Download the Annual Report for 2010-11. - kiocl limited

KIOCL Limited(Formerly Kudremukh Iron Ore Company Limited)(A Government of India Enterprise)Registered Office :II Block, Koramangala, Bangalore - 560 034Telephone : 080 - 25531461 / 70Fax : 080 - 25532153 / 25535941Website : www.kioclltd.comISO 9001, 14001and OHSAS 18001 CompanyAppendix - II to Annexure IIThe Board of Directors,KIOCL Limited,II Block, Koramangala,Bangalore-560 034.Sub : Financial and Cash Flow statements.Dear Sir,a) We hereby certify that we have reviewed the Financial statements and Cash Flow Statementsfor the year 2010-11, and to the best of our knowledge and belief:i) these statements do not contain any materially untrue statement or omit any material factor certain statements that might be misleading;ii) these statements together present a true and fair view of the Company’s affairs and arein compliance with existing accounting standards, applicable laws and regulations;b) to the best of our knowledge and belief, no transactions were entered into by the Companyduring the year 2010-11 which are fraudulent, illegal or violative of the Company’s Code ofConduct;c) we accept the responsibility for establishing and maintaining internal controls for financialreporting and we have evaluated the effectiveness of the internal control systems of the Companypertaining to financial reporting and have disclosed to the Auditors and the Audit Committee,deficiencies in the design or operation of such internal controls, if any, of which we are awareand we have taken steps to rectify these deficiencies;d) We have indicated to the Auditors and the Audit Committeei)significant changes in internal control over financial reporting during the year;ii) significant changes in Accounting Policies during the year 2010-11 and that the same havebeen disclosed in the Notes to the financial statements; andiii) instances of significant fraud of which we have become aware and the involvement therein,if any, of the management or an employee having a significant role in the Company’s internalcontrol system.This certificate is issued in compliance with Clause 49 (V) of the Listing Agreement with the StockExchanges.(K Ranganath) (TMGK Bhat)Chairman-cum-Managing DirectorDirector (Finance)Place : BangaloreDate : 31-05-201170