RADHAKISHAN CEMENT LIMITED
The Members of Radhakishan Cement Limited, We have audited the attached
Balance Sheet of RADHAKISHAN CEMENT LIMITED as at 31st March 1995 and the
annexed Profit and Loss Account for the year ended on that date and report
1) Further to the above, we report:
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 except those stated in Clause
d(i) hereinafter, as required by the law have been kept by the Company, so
far as it appears from our examination of such books.
c) The Balance Sheet and Profit and Loss Account dealt with by this, report
are in agreement with the books of accounts.
d) In our opinion and to the best of our information and according to the
explanations given to us, the said account is subject to:
i) Note No. 6 of Schedule 'K' for maintaining account On cash basis in
respect of leave pay and gratuity which is not in accordance with Section
209 of the Companies Act, 1956, accrued liability in respect of leave pay
and gratuity is unascertained .
ii) Note No. 7 of Schedule 'K' for non-reconciliation and non- confirmation
of the balances of sundry debtors, sundry creditors, loans and advances and
consequential adjustments thereto.
iii) Note No. 12 of the schedule 'K' for the accounts of the Company have
been prepared on 'Going Concern' assumption which is dependent upon the
acceptance and implementation of one time settlement scheme proposed by the
Management. give the information required by the Companies Act, 1956 in
the manner so required and present true and fair view.
i) In the case of the Balance Sheet of the state of affairs of the Company
as at 31st March, 1995 and
ii) In the case of Profit and Loss Account of the loss for the year ended
on that date.
for M/S. APAJI AMIN & CO.
Place : Ahmedabad
Dated : 4th December, 1995.