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Gujarat Inject Ltd.

BSE: 524001 Sector: Health care
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Gujarat Inject Ltd
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Gujarat Inject Ltd. (GUJINJECT) - Auditors Report

Company auditors report

1996 GUJARAT INJECT LIMITED AUDITORS' REPORT We have audited the attached Balance Sheet of Inject Limited as at 31st March, 1996 and the Profit and Loss Account for the year ended on that date, annexed thereto and report as under: 1. 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. 2. In our opinion, proper books of account as required by law have been maintained by the Company, so far as appears from our examination of the books. 3. The Balance Sheet and the Profit and Loss Account dealt with by this report are in agreement with the books of account. 4. In our opinion and to the best of our information and according to the explanations given to us, the accounts read with the note there on subject to note viz., i) Note No. 01(iv) - in respect of accounting of exchange difference of long term liabilities. ii) Note No. 01 - in respect of unconfirmed balances of sundry debtors, sundry creditors, etc. iii) Note No. 5 - in respect of dividend record for the year 1990-91,1991- 92 and Rights Issue Refund Account. iv) Note No. 6 - in respect of claim lodged by BOI Finance Ltd. for Rs. 7,69,72,800/-. v) Note No. 7 - in respect of unconfirmed balance of banks and financial institutions. (This includes non-confirmation by the bank for adjustment of Rs. 44.65 lacs and Rs. 4.39 lacs due to The Samasta Nagar Co.-op. Bank Ltd., which are transferred to the associates viz. M/s. Harman Services Pvt. Ltd. and M/s. Hardik Estate Developments Pvt. Ltd. respectively as per their undertaking to repay the same on behalf of the Company). vi) Note No. 8 - in respect of overdue installment of financial institution's loan. vii) Note No. 9 - in respect of non-provision of doubtful debts/advances aggregating to Rs. 54,08,762/-. This has resulted into understatement of loss by the same amount, give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view: (i) In the case of Balance Sheet of the state of affairs of the Company as at 31st March, 1996, and (ii) In the case of the Profit and Loss Account of the Loss for the year ended on that date. For P.B. SHUKLA & CO. Chartered Accountants Pradeep B. Shukla Partner Place : Baroda Date : 25th April, 1996.