You are here » Home » Companies » Company Overview » Ami Computers (I) Ltd

Ami Computers (I) Ltd.

BSE: 526805 Sector: IT
NSE: N.A. ISIN Code: INE079B01014
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Ami Computers (I) Ltd. (AMICOMPUTERS) - Auditors Report

Company auditors report

AMI COMPUTERS (INDIA) LIMITED ANNUAL REPORT 2002-2003 AUDITORS' REPORT To The Members, AMI Computers (India) Ltd. We have audited the attached Consolidated Balance Sheet of M/s. AMI Computers (India) Ltd. as at 31st March, 2003 and the annexed Consolidated Profit & Loss Account of the sold 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 an our audit. We conducted our audit In accordance with auditing standards generally accepted In India Those standards required that we plan and perform the audit reasonable assurance about whether the financial statements are free of materials mis-statements. An audit includes examining, an a test bash, 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. 1. As required by the Manufacturing and other Companies (Auditor Report) Order, 1986 issued by the Company Law Board In terms of Section 227(4A) of the Companies Act, 1956 we have annexed hereto a statement on the matters specified In paragraphs 4 & 5 of the said Order. 2. Further to our comments in the Annexure referred to In paragraph 1 above we state 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 low subject to Note no. of Schedule-14 have been kept by the Company so for as it appears from our examination of such books. c) The Consolidated Balance Sheet and the Consolidated Profit and Loss Account referred to in this report are in agreement with the books of account. d) In our opinion the Balance Sheet and Profit and Loss Account and drawn up in compliance with the Accounting standards referred to in sub- section(3c) of Section 211 of the Companies Act 1956. e) On the basis of the representations received from the Directors of the Company and taken on record by the Board of Directors. we report that prima facie none of the directors is disqualified as on 31st March, 2003 from being appointed as Directors u/s. 274(1)(g) of the Companies Act, 1956. f) In our opinion and to the best of our information and according to explanations given to us, the Balance Sheet and Profit and Loss Account read together with the Notes and Schedules annexed thereto, give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view: i. in so far as it relates to the Balance Sheet of the state of affairs of the Company as at 31st March, 2003; and ii. In so for as it relates to the Profit and Loss Account of the loss of the Company for the year ended on that date. g) We further report as under: a) No provision has been made for doubtful debts amounting to Rs.34332818 Lacs. b) Extra ordinary emendifueincurred by the Company annanttng to Rs.80077550. c) Shortfall in the Fixed Assets which may arise between the book records and the physical possession. For R. Pugalia & Co. Chartered Accountants Place: Kolkata R. Pugalia Dated: 30.06.2003 Proprietor ANNEXURE TO THE AUDITOR'S REPORT With reference to paragraph 1 of our report to the Shareholders of AMI Computers (India) Limited of even date, we report that in our opinion and to the best of our knowledge and belief and as per the information and examinations furnished to us and the books and records examined to us in the normal course of audit. 1. The Company has maintained proper records to stow full particulars including quantitative details and Situation of the fixed assets. The fixed assets of the company have not been physically verified during the year and as such we are unable to comment on any discrepancies which may be there between the physical aril books records. 2. None of the fixed assets have been revalued during the year under report. 3. The Company has not taken any loans secured or unsecured from companies, firms or other parties listed in the the registers maintained under Section 301 and 370(1B) of the Companies Act, 1956. 4. The Company has not granted any loans, secured a unsecured to companies, films or other parties listed in the registers maintained under Section 301 and 370(1)(B) of the Companies Act, 1956. 5. The parties to whom loans or advances in the nature of loans hove been given by the Company are repaying the principle amounts as stipulated and are also regular In payment of interest wherever applicable. 6. Internal control procedures is not commensurate with the size of the Company and the nature of its business for the Purchase of fixed assets, stores and sale of services. 7. According to Information and explanations given to us the transactions of purchased of goods and materials and sale of services made in pursuance of contract or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 and aggregating during the year to Rs.5000/- or more in respect of each party hove been made at prices which in our opinion are reasonable having regard to prevailing market prices of such goods materials a services or the prices at which similar transactions have been made with other parties and the Companies business needs and exigencies. 8. The company does not have an internal audit system commensurate with the size and nature of its business. 9. The Company has not accepted deposit from Public attracting the provisions of Section 58A of the Companies Act, 1956 and the Company (Acceptance of Deposit) Rules, 1975. 10. Provident Fund dues have not been regularly deposited with the appropriate authorities during the year. Dues in respect of Employees State Insurance have also not been regularly deposited with the appropriate authorities. 11. There are undisputed amounts payable in respect of income tar which ate outstanding as on 31st March, 2003 for a period exceeding six months from the date they become payable. 12. No personal expenses of employees a directors have been charged to revenue account, other than those payable under contractual obligations or in accordance with generally accepted business practice. 13. The Company is not a Sick Industrial company within the meaning of the Sick Industrial Companies (Special Provisions) Act, 1985. For R. Pugalia & Co. Chartered Accountants Place: Kolkata R. Pugalia Dated: 30.06.2003 Proprietor

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard