You are here » Home » Companies » Company Overview » Moh Ltd

Moh Ltd.

BSE: 532089 Sector: Others
NSE: N.A. ISIN Code: INE179B01020
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 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) 0
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) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Moh Ltd. (MOH) - Auditors Report

Company auditors report

MOH LIMITED ANNUAL REPORT 2004-2005 AUDITORS' REPORT To, The Members of Moh Limited Ahmedabad. We have audited the attached Balance Sheet, Profit & Loss Account and also the Cash Flow Statement of Moh Limited as at 31st March, 2005 for the year ended on that date annexed thereto. These financial statement are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statement based on our audit. 1. We conducted our audit in accordance with the auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from any 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 presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. 2. As required by the Companies (Auditor's Report) Order 2003 issued by the Central Government of India in terms of Sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order. 3. Further to our comments in the Annexure referred to 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 purpose of our audit. b) In our opinion, proper books of account as required by law have been kept by the Company, so far as it appears from our examination of those books. c) The Balance Sheet and 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 Profit and Loss Account dealt with by this report comply with the Accounting Standards referred to in sub- section 3(c) of Section 211 of the Companies Act, 1956. e) On the basis of written representations received from the directors as on 31st March, 2005 and taken on record by the Board of Directors, we report that none of Directors is disqualified as on 31st March, 2005 from being appointed as a director in terms of Section 274(1)(g) of the Companies Act, 1956. f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principle generally accepted in India. a. In the case of the Balance Sheet, of the state of the affairs of the Company as at 31st March, 2005 and; b. In the case of the Profit and Loss Account, of the LOSS for the year ended on that date. FOR MADHUSUDAN C. MASHRUWALA & CO. CHARTERED ACCOUNTANTS. Place : Ahmedabad Date : 31st July, 2005. U.M. MASHRUWALA PARTNER MEMBERSHIP NO. 38254 Auditors Report to the Members of the Company Annexure referred to in paragraph 2 of our Auditor's Report of even date on the Financial Statement for the year ended 31st March, 2005 of Moh Limited. On the basis of such checks as we considered appropriate and in terms of the information and explanation given to us, we state that: (i) (a) The Company has maintained proper records showing particulars including quantitative details and situation of fixed assets. (b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification which, in our opinion, is reasonable having regards to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. (c) The Company has sold substantial part of the fixed assets during the year covered by our report. According to the information and explanation given to us, the Company has so far not made any plans to replace the substantial part of the fixed assets that have sold. There exists a substantial doubt that without replacement of such substantial part of fixed assets, the company will be able to continue as a going concern for the foreseeable future. (ii) (a) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. (b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (c) The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material. (iii) (a) The Company has not granted any secured or unsecured loan to companies, firm or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Hence clause (a) to (d) of the order are not applicable. (e) The Company has not taken any secured or unsecured loan from companies, firm or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Hence clause (e) to (g) of the order are not applicable. (iv) In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases of inventory, fixed assets and with regard to the sale of goods and assets. During the course of our audit, no major weaknesses in internal controls has come to our notice. (v) (a) There are no transaction made with parties that need to be entered in to register in pursuance of Section 301 of the Act. (b) As there are no transaction made with parties, the provisions of clause v(b) is not applicable. (vi) The Company has not accepted any deposits from Public, hence the provisions of Section 58A and 58AA of the Companies Act, 1956 and the Companies Act, 1956 and the Companies (Acceptance of deposits). Rule, 1975 is not applicable to the Company. (vii) The Company does not have an internal audit system. (viii) The Provisions of Section 209(1)(D) of the Companies Act, 1956 regarding maintenance of cost records are not applicable to the Company. (ix) (a) The Company is regular in. depositing with appropriate authorities undisputed statutory dues including provident fund, employees state insurance, income tax; sales tax, custom duty, excise duty, cess and other material statutory dues applicable to it. (b) According to the information and explanations given to us, no undisputed amounts is payable in respect of income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31-3-2005 for a period of more than six months from the date they became payable. (c) According to the information and explanations given to us, there are no dues of sales tax, custom duty, excise duty and cess, which have not been deposited on account of any dispute. There is disputed liabilities of income tax amounting Rs.5392926/- for A.Y. 2001-2002 and Company has preferred appeal which is pending with ITAT. (x) There are accumulated losses but there no cash losses in the Company. (xi) In our opinion an according to the information and explanations given to us, the Company has not defaulted in repayment of dues to the Bank. And there is no outstanding dues to any bank or the financial institutions at the end of the year. (xii) The Company has not granted any loans and advances on the basis of securities by way of pledge of shares, debentures and other securities. (xiii) In our opinion, the Company is not a chit fund or a nidhi mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditors Report) order, 2003 are not applicable to the Company. (xiv) In our opinion, the Company is not dealing in trading in shares, securities, debentures and other investments. Accordingly, the provisions of clauses 4(xiv) of the Companies (Auditor's Report) order, 203 are not applicable to the Company. (xv) The Company has not given guarantees for loans taken by others from banks or financial institutions. (xvi) The Company has not taken any term loans. (xvii) No funds has been raised on Short Term basis and no long term investment has been made from it. (xviii) The Company has not issued any shares hence there is no preferential allotment. (xix) The Company has not issued any debenture. (xx) The Company has not raised money from public issues. (xxi) According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the courses of our audit. FOR MADHUSUDAN C. MASHRUWALA & CO. CHARTERED ACCOUNTANTS. Place : Ahmedabad Date : 31st July, 2005. U.M. MASHRUWALA PARTNER MEMBERSHIP NO. 38254