You are here » Home » Companies » Company Overview » Oxemberg Apparels Ltd

Oxemberg Apparels Ltd.

BSE: 503899 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
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
52-Week low
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high
52-Week low
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Oxemberg Apparels Ltd. (OXEMBERGAPPAREL) - Auditors Report

Company auditors report

Annual Report 1998-99 HANUMAN FABRICS LIMITED AUDITORS' REPORT TO The members, HANUMAN FABRICS LIMITED We have audited the attached Balance Sheet of HANUMAN FABRICS LIMITED as at 31st March, 1999 and also the Profit & Loss Account for the year ended on that date annexed thereto and report that: 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 enclose in the Annexure a statement on the matters specified in paragraphs 4 and 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 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 appears from our examination of such books. c. The Balance Sheet and Profit & Loss Account referred to in this report are in agreement with the books of accounts. d. In our opinion, the Balance Sheet and Profit & Loss Account comply with the Mandatory Accounting standards referred to in sub section 3C of section 211 of the Companies Act, 1956 to the extent applicable. e. In our opinion and to the best of our information and according to the explanations given to us, the said Balance Sheet and Profit & Loss Account read together with the notes thereon and Significant Accounting Policies in Schedule "Q" 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, 1999 and ii. In so far as it relates to the Profit & Loss Account, of the profit of the Company for the year ended on that date. FOR B.L. SARDA & Co. Chartered Accountants Place : Mumbai B.L. SARDA Dated : 31st May, 1999 Proprietor ANNEXURE TO THE AUDITORS' REPORT REFERRED TO IN PARAGRAPH ONE OF OUR REPORT OF EVEN DATE 1. The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. We are informed that the fixed assets have been physically verified by the management during the year and no discrepancies were noticed on such verification. 2. None of the fixed assets have been revalued during the year. 3. Physical verification has been conducted by the management at reasonable intervals in respect of stores, spare parts and materials. 4. In our opinion, the procedure for physical verification of stock followed by the management is reasonable and adequate in relation to the Company and the nature of its business. 5. No material discrepancies have been noticed on physical verification of stocks as compared to the book records and the same have been dealt with properly in the books of accounts. 6. On the basis of our examination o stock records, we are of the opinion that the valuation of stocks is fair and proper in accordance with the normally accepted accounting principles and the valuation of stock is on the same basis as in the preceding year. 7. Interest free advances in the nature of loans granted to the employees who are regular in repayment as stipulated. 8. 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 purchase of stores, materials, plant and machinery, equipments and other assets and sale of goods. 9. In our opinion and according to the information and explanations given to us, in respect of the transactions of purchase of goods and materials made in pursuance of contracts or arrangements entered in the register maintained under section 301 and aggregating during the year to Rs. 50,000/- or more to each party have been made at a price which are reasonable having regard to the prevailing market prices for such goods and material. In respect of sale of goods and services, no comparison of the prices could be made as there are no sale of similar gods or services to other parties. 10. We have been informed that no unserviceable or damaged material and stores are determined by the Company. 11. The Company is recording receipts of realisable scrap as and when sold. There are no by-products. 12. The Company has an internal audit system commensurate with its size and nature of its business. 13. The Company is generally regular in depositing PF and ESI dues with the appropriate authorities. 14. According to the information and explanations given to us,no undisputed amounts payable in respect of income tax, wealth tax, sales tax, customs duty and excise duty were outstanding as at 31st March, 1999 for a period of more than six months from the date they became payable. 15. In our opinion and according to the information and explanations given to us, no personal expenses of employees or Directors have been charged to revenue account, other than those payable under contractual obligations or in accordance with generally accepted business practice. 16. The Company is not a Sick Industrial Company within the meaning of clause (O) of sub section 1 of section 3 of Sick Industrial Companies (Special Provisions) Act, 1985. 17. In respect of service activities of the Company of washing of garments:- a. The Company has a reasonable system of recording receipts issues and consumption of materials and stores and allocating materials consumed to the relative jobs, commensurate with its size and nature of its business. b. The Company has a reasonable system of allocating man hours utilised to the relative jobs, commensurate with its size and nature of its business. c. In our opinion, there is a reasonable system of authorisation at proper levels and adequate system of internal control commensurate with the size of the Company and the nature of its business on the issue of stores and allocation of stores and labour to jobs. 18. In respect of other service activities of the Company, clauses of paragraph 4B of the said order are no applicable to the Company. 19. In connection with Company's trading activities, we are informed that there are no damaged goods during the year. 20. Other clauses of paragraph 4(A) of the said orders are not applicable to the Company. FOR B.L. SARDA & Co. Chartered Accountants Place : Mumbai B.L. SARDA Dated : 31st May, 1999 Proprietor