You are here » Home » Companies » Company Overview » Asean Industrial Structures Ltd

Asean Industrial Structures Ltd.

BSE: 531935 Sector: Engineering
NSE: N.A. ISIN Code: N.A.
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

Asean Industrial Structures Ltd. (ASEANINDLSTRUC) - Auditors Report

Company auditors report

ASEAN INDUSTRIAL STRUCTURES LIMITED ANNUAL REPORT 2000-2001 AUDITORS' REPORT To, The Members of ASEAN INDUSTRIAL STRUCTURES LIMITED We have the attached Balance Sheet of M/s. ASEAN INDUSTRIAL STRUCTURES LTD., as at 30th June, 2001 and Profit & Loss Account for the year ended on date and report as under: 1. As required by the Manufacturing and Other Companies (Auditors' Report) order, 1988 issued by the Company Law Board in terms of Section 227(4A) of the Companies Act, 1956, we set out in the Annexure a statement on the matters specified in paragraph 4 of the said order to the extent applicable to the Company. 2. Further to our comments in the Annexure referred to in paragraph 1 above: a) We have obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purpose of our audit. b) In our opinion proper Books of Accounts, as required by law have been kept by the Company so far as it appears from our examination of those Books of Accounts of the Company. c) The balance Sheet and Profit and Loss Account, dealt with by this report is in agreement with the Books of Accounts of the Company and are in compliance with the Accounting Standards referred in Section 211(3C) of the Companies Act, 1956 in so far as they are applicable to the Company. d) In our opinion and to the best of our information and explanations given to us the said accounts read with and subject to all the notes thereon give the information required by the COmpanies Act, 1956 in the manner so required give a true and fair view: i. In the case of Balance Sheet of the state of the affairs of the Company as at 30th June, 2001; and ii In the case of Profit & Loss Account, the Net Loss of the Company for the period ended 30th June, 2001. For D. BURMAN & ASSOCIATES CHARTERED ACCOUNTANTS Sd/- PLACE: BARODA DEEPAK BURMAN DATE : 22/11/2001. (PROPRIETOR) ANNEXURE REFERRED TO IN PARAGRAPH 1 OF OUR REPORT OF EVEN DATE ON THE ACCOUNTS FOR THE PERIOD ENDED ON 30TH JUNE, 2001 OF ASEAN INDUSTRIAL STRUCTURES LIMITED. As required by the manufacturing and other Companies (Auditors' Report) Order, 1988 issued by the Company Law Boards in terms of Section 227(4A) of the Companies Act, 1956, we further report that: 1. The Company has maintained proper records showing full particulars including quantitative details and location of the fixed assets. All the assets have been physically verified by the Management during the year and there is a regular program of verification which in our opinion is reasonable having regard to the size of the Company and the nature of the assets. No material discrepancies have been noticed on such verification. 2. None of the Fixed Assets have been revalued during the year. 3. As Company's main object involves rendering services in the areas of Infrastructure Development, there is no purchase and sale of raw materials or finished goods. Hence the requirement of reporting on physical verification of stock of finished goods, semi finished goods, raw material and stores and spares by the management and material discrepancies in such physical verification and also the requirement of valuation of stocks, in our opinion, does not arise. Hence Clause (iii) (iv) (v) (vi) of MAOCORO 1988 are not applicable. 4. In our opinion and according to the information and explanations given to us, the Report on prices paid for purchase of goods and material and sale of goods, materials and services, made in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 and aggregating during the year to Rs.50,000/- or more in respect of each party listed is not applicable as there were no purchases and sales of material and services. 5. The Company is not taken Unsecured loans from Companies, firms, or other parties listed in the register maintained under Section 301 of the Companies Act, 1956. The report on the rate of interest and the terms and conditions of Unsecured Loan taken by the Company is not applicable. We have been further informed that there are no Companies under the same management as defined under Section 370(1B) of the Companies Act, 1956. 6. As per the information furnished, the Company has not granted loans, secured or unsecured to parties Directors listed in the register maintained under Section 301 of the Companies Act, 1956. Accordingly the report on rate of interest and other terms are not applicable. We have been further informed that there are no companies under the same management as defined under sub-section(1B) of Section 370 of the Companies Act, 1956. 7. As informed and explained by the management, Loans and Advances include various Trade Advances paid during previous years. As per the information and explanations given to us, these advances are considered good and re recoverable in normal course of business. 8. In our opinion and according to information and explanation given to us during the course of our audit, there are adequate to information and explanations given to us, these advances are considered good and are recoverable in normal course of business. 9. The Company has not accepted any deposits within the meaning of Public Deposit and consequently the provisions of Section 58A of the Companies Act, 1956 and Companies (Acceptance of Deposit) Rules, 1975 and the directive issued by the Reserve Bank of India are not applicable. 10. In our opinion, the Company has reasonable Internal Audit System Commensurate with the size of the Company & nature of its business. 11. We are informed that the Central Government has not prescribed maintenance of cost records under Section 209(1)(d) of the Companies Act, 1956. 12. As informed to us, the provisions of Employees' provident Fund Act and Employees' State Insurance Scheme are not applicable to the Company. 13. As per the records of the Company and information and explanation given to us, there are no undisputed amount payable in respect of Income Tax, Sales Tax, Custom/Excise Duty outstanding as at the last date of period ending 30th June, 2001, for a period of more than six months from the date became payable. 14. During the course of our examination of the Books of Accounts and on the basis records examined by us, we are of the opinion that no personal expenses have been charged to Revenue Account other than those payable under Contractual obligation or in accordance with generally accepted business practice. 15. The Company is not a sick Industrial Company within the meaning of clause (O) of Sub-section(1) of Section 3 of the Companies Act, 1985. 16. The Company has not granted any loans and Advances on the basis of security by way of pledge of shares, debentures of any special status applicable to the shares, debentures and other securities, and the provisions of any special status applicable to the Chit Fund, Nidhi or Mutual benefit Society are not applicable to the Company. 17. As explained to us the Company has made advances to Finance/Investment companies in the nature of Investment. Pending finalization of the Advances, the same have been earmarked under the heading of Investment. 18. As per the records of the Company and information and explanations given to us, Capital Work-In-Progress as on 30th June, 2001, includes for Capital Goods made during previous years, to various Companies where one or more Directors are interested. However, these companies are not under the same management as defend under Section 370(1B) of the Companies Act, 1956. 19. As the Company has no manufacturing and other activities, the other provisions of the Manufacturing and Other Companies (Auditors' Report) Order 1988, are not applicable. For D. BURMAN & ASSOCIATES CHARTERED ACCOUNTANTS Sd/- PLACE: BARODA DEEPAK BURMAN DATE : 22/11/2001. (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