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Ajel Ltd.

BSE: 530713 Sector: IT
NSE: N.A. ISIN Code: INE229B01015
BSE LIVE 11:09 | 05 Dec 4.81 0.22
(4.79%)
OPEN

4.81

HIGH

4.81

LOW

4.81

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.81
PREVIOUS CLOSE 4.59
VOLUME 5
52-Week high 5.42
52-Week low 1.90
P/E
Mkt Cap.(Rs cr) 5.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.81
Sell Qty 571.00
OPEN 4.81
CLOSE 4.59
VOLUME 5
52-Week high 5.42
52-Week low 1.90
P/E
Mkt Cap.(Rs cr) 5.60
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.81
Sell Qty 571.00

Ajel Ltd. (AJEL) - Auditors Report

Company auditors report

AJEL LIMITED ANNUAL REPORT 2011-2012 AUDITORS' REPORT To The Members of AJEL LIMITED 1. We have audited the attached Balance Sheet of Ajel Limited as at March 31, 2012 and also the Profit and Loss Account for the year ended as on that date, annexed thereto. These financial statements are the responsibility ofthe 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 misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by 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 (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of Section 227 ofthe Companies Act, 1956 (the 'Act') and on the basis of such checks as we considered appropriate and according to the information and explanations given to us, we set out in the Annexure a statement on the matters specified in paragraphs 4 and 5 ofthe said Order. 4. Further to our comments in Annexure referred to in paragraph 3 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 purposes 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 and the Profit and Loss Account dealt with by this report are in agreement with the books of account; d) In our opinion, the Balance Sheet and the Profit and Loss Account dealt with by this report comply with the applicable accounting standards referred to in sub-section (3C) of Section 211 of the Act; e) On the basis of written representations received from the Directors as on March 31, 2012 and taken on record by the Board of Directors, we report that none of the directors are disqualified as on March 31, 2012 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 ofthe Act; f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts together with notes thereto and Statement of Significant Accounting Policies give in the prescribed manner the information required by the Companies Act 1956, and also give, a true and fair view in conformity with the accounting principles generally accepted in India; i) In case ofthe Balance Sheet, ofthe state of affairs ofthe company as at 31st March, 2012 ii) In case of the Profit and Loss Account, the profit for the year ended on that date. For and on behalf of KN Murthy Chartered Accountants Firm No. 0068235 Sd/- KSVL Narasimha Murthy Place: Mumbai Proprietor Date : 03.08.2012 Membership No. 203849

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