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Chand Vanaspati Ltd.

BSE: 519297 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Chand Vanaspati Ltd
NSE 05:30 | 01 Jan Chand Vanaspati Ltd

Chand Vanaspati Ltd. (CHANDVANASPATI) - Auditors Report

Company auditors report

CHAND VANASPATI LIMITED AUDITOR'S REPORT TO THE MEMBERS OF CHAND VANASPATI LIMITED We have audited the attached Balance Sheet of Chand Vanaspati Limited as at June 30, 1997 and also the proM and loss account, of the Company for the period ended on that date, annexed thereto, and report that: a. Fixed Assets Register and Stock Registers were not produced before us for our verification. Further, Fixed Assets and stocks were not physically verified by management during the year as PICUP has taken over physical possession of the factory premises consequent to defaults in repayments of instalments of term loan. b.Valuation of inventory has been done by the management purely on estimation basis. c.Balance of Secured Term Loan from PICUP, Unsecured Loans, Sundry Debtors, Sundry Creditors, Loans and Advances are subject to confirmation and reconciliation. d.During the period under audit no commercial activity was undertaken by the company. However, due to efflux of time depreciation on Assets is provided for the period under review. e.We are also not in a position to comment on the matters specified in paragraphs 4 and 5 of the Manufacturing and Other Companies (Auditor's Report) Order, 1988. In view of the above, we are not in a position to comment whether the enclosed accounts give a true and fair view of the affairs of the company as on 30.06.1997 and of the loss for the period ended on that date. For TAS Associates Chartered Accountants PLACE : NEW DELHI SUBODH GUPTA DATE : 1.11.97 (PARTNER)