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Kanakdhara Steel Ltd.

BSE: 513267 Sector: Metals & Mining
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Kanakdhara Steel Ltd. (KANAKSTEEL) - Auditors Report

Company auditors report

1995 KANAKDHARA STEEL LIMITED AUDITOR'S REPORT We have audited the attached Balance Sheet of Kanakdhara Steel Limited as at 31st March, 1995 and the Profit and Loss Account for the year ended 31st March, 1995 annexed thereto, and report that: 1. Further 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. b) In our opinion, proper books of account 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 the Profit and Loss Account referred to in this report are in agreement with the books of a Account. d) In our opinion. and to the best of our information and according to the explanations given to us the said accounts read together with the accounting policies and Notes thereon in Schedule 12 and subject to Note No. 14 relating to non provision of interest amounting to Rs. 195.72 lacs on loans from parties consequent to which the loss is shown lower by Rs.195.72 and read in particular with Note No. 8 relating to non creation of a Debenture Redemption Reserve Fund, Note No.12 relating to approval from the Department of Company Law Affairs for transaction with a Private Limited Company, Note No.13 regarding the pending conversion of loan to equity and Note No. 15 relating to the outstanding from the Debtors give the information as 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, 1995, and ii) In the case of the Profit and Loss Account, of the loss for the year ended on that date For Thakur Vaidyanath Aiyar & Co. Chartered Accountants C. V. PARMESWAR Partner Place: Bombay Date : 14th August, 1995.