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Hariyana Metals Ltd.

BSE: 506024 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE219D01012
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Hariyana Metals Ltd. (HARIYANAMETALS) - Auditors Report

Company auditors report

Independent Auditors' Report

To

The Members of

HARIYANA METALS LIMITED

Report on the Financial Statements

1. We have audited the accompanying financial statements of HARIYANA METALS LIMITED("the Company") which comprise the Balance Sheet as at March 31 2014 theStatement of Profit and Loss and Cash Flow Statement for the year then ended and a summaryof significant accounting policies and other explanatory information which we have signedunder reference to this report.

Management's Responsibility for the Financial Statements

2. The Company's Management is responsible for the preparation of these financialstatements that give a true and fair view of the financial position financial performanceand cash flows of the Company in accordance with the accounting principles generallyaccepted in India including Accounting Standards referred to in Section 211(3C) of theCompanies Act 1956 ("the Act"). This responsibility includes the designimplementation and maintenance of internal controls relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

Auditors' Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit. We conducted our audit in accordance with the Standards on Auditing issued bythe Institute of Chartered Accountants of India. Those Standards require that we complywith ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free from material misstatements

4. An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal control relevant to the Company's preparation and fairpresentation of the financial statements in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made byManagement as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the accompanying financial statements give the information required by theAct in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India

a) In the case of the Balance Sheet of the state of affairs of the Company as at March31 2014;

b) In the case of the Statement of Profit and Loss of the profit for the year ended onthat date;

c) In the case of the Cash Flow Statement of the cash flows for the year ended on thatdate.

Emphasis of Matter

1. We draw your attention to the following Non- Inclusion of contingent liability ofRs. 4331361/- Item No. II (i) "Claim not acknowledged as debts in Schedule 19"

2. As required by the Companies (Auditor's Report) Order 2003 as amended by theCompanies (Auditor's Report) (Amendment) Order 2004' issued by the Central Government ofIndia in terms of Section 227(4A) of the Act (herein after referred to as the Order) andon the basis of such checks of the books and records of the Company as we consideredappropriate and according to the information and explanations given to us we give in theAnnexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

3. As required by Section 227(3) of the Act we report that:

a) We have obtained all the information and explanations which to the best of ourknowledge 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 theCompany so far as appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of account.

d) In our opinion the Balance Sheet the Statement of Profit and Loss and the CashFlow Statement dealt with this report comply with the Accounting Standards referred to insection 211(3C) of the Act;

e) On the basis of the written representations received from the directors as on March31 2014 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2014 from being appointed as a director in terms of Section 274(1 )(g) ofthe Act.

For Sajjad Rasul & Co Chartered Accountant FRN 120594W

(Sajjad Rasul (Proprietor Membership No: 10893:

Place: Nagpur

Date :31st May. 2014