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Dharnendra Overseas Ltd.

BSE: 523331 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Dharnendra Overseas Ltd
NSE 05:30 | 01 Jan Dharnendra Overseas Ltd

Dharnendra Overseas Ltd. (DHARNENDRAOVERS) - Auditors Report

Company auditors report

DHARNENDRA OVERSEAS LIMITED ANNUAL REPORT 2002-2003 AUDITORS' REPORT TO THE MEMBERS WE HAVE AUDITED THE ATTACHED BALANCE SHEET OF M/S. DHARNENDRA OVERSEAS LIMITED AS AT 31ST MARCH, 2003 AND ALSO THE ATTACHED PROFIT AND LOSS ACCOUNT OF THE COMPANY FOR THE YEAR ENDED ON THAT DATE ANNEXED THERETO AND THE CASH FLOW STATEMENT FOR THE YEAR ENDED ON THAT DATED THESE FINANCIAL STATEMENTS ARE THE RESPONSIBILITY OF THE MANAGEMENT OF THE COMPANY. OUR RESPONSIBILITY IS TO EXPRESS AN OPINION ON THESE FINANCIAL STATEMENTS BASED ON OUR AUDIT. We have conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supports 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 evaluating the overall presentation of the statements. We believe that our audit provides a reasonable basis of our opinion. We report that: 1. As required by the Manufacturing and other Companies (Auditor's Report) Order, 2000 issued by the Company Law Board in terms of Section 227 (4A) of the Companies Act, 1956, we give 4 and Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order. 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 the books. 2. Further to our comments in the Annexure referred to in paragraph 1 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. In our proper books of accounts as required by law have been kept by the company so far as appears from our examination of the books of accounts for the purpose of our audit except for matters refereed in above paragraphs and Notes of the Accounts. In our opinion the Balance Sheets and Profit & Loss Accounts comply with the accounting standards referred to in sub-sections <3C> of sections 211 of the companies Act, 1956, to the extent applicable except note No. 2 of Schedule - 22 relating to retirement benefits (Accounting Standards - 15) and note No. 3 relating to Accounting for Taxes (Accounting Standard- 22). The said Balance Sheet and Profit ft Loss Account are in agreements with the Books of Accounts.