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Mothercare (India) Ltd.

BSE: 523238 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Mothercare (India) Ltd
NSE 05:30 | 01 Jan Mothercare (India) Ltd

Mothercare (India) Ltd. (MOTHERCAREINDIA) - Auditors Report

Company auditors report

1996 MOTHERCARE INDIA LIMITED AUDITORS REPORT We have audited the attached Balance Sheet of MOTHERCARE INDIA LIMITED as at March 31 st 1995 and also the annexed Profit and Loss Account for the period ended on that date and report that: 1. We have obtained all the information and explanations which to the best of knowledge and belief were necessary for the purpose of our audit. 2. In our opinion, proper Books of Account as required by law have not been kept by the company so far as appears from the examination of the books. 3. The Balance Sheet and Profit and Loss Account are in agreement with the Books of Accounts. 4. In our opinion and to the best of our information and according to the explanation given to us, the said accounts together with the accounting policies and notes thereon give the information required by the Companies Act, 1956 in the manner so required and subject to a. Note No. 12 regarding loan to Directors/Relatives of directors awaiting statutory approval. b. Note No. 13 regarding non-confirmation of balances due from/to certain parties/suppliers which are disputed/under reconciliation, the impact of which on the accounts of the company is material, in our opinion it is not quantifiable. c. Note No. 15 regarding non-payment of dividend declared and non- remittance of balance of unpaid dividend to a separate bank account. d. Note No. 18 regarding certain contracts with a company requiring statutory approvals. e. On account of deficiencies in stock records at branches we are not in a position to express our opinion on adequacy of valuation of closing stock in the absence of adequate stock records. f. Non creation of paripassu charge and non provision of outstanding liabilities in favour of Canara Bank Mutual Fund of Rs. 9.70 lacs towards Debenture interest, premium on redemption and other charges vide Note No. 10 & 11. GIVE A TRUE AND FAIR VIEW :- a. In the case of Balance Sheet, of the state of affairs of the Company as at March 31, 1995 and b. In the case of the Profit and Loss Accounts of the profit for the year ended on that date. For M.K. DANDEKER & CO., Chartered Accountants K.J. DANDEKER Partner Place : Bangalore Dated : 21st June, 1996.