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Ready Foods Ltd.

BSE: 519250 Sector: Agri and agri inputs
NSE: READYFOOD ISIN Code: N.A.
BSE 05:30 | 01 Jan Ready Foods Ltd
NSE 05:30 | 01 Jan Ready Foods Ltd

Ready Foods Ltd. (READYFOOD) - Auditors Report

Company auditors report

1994 READY FOODS LIMITED REPORT OF THE AUDITORS TO THE MEMBERS We have audited the attached Balance Sheet of M/S.READY FOODS LTD as at 31st March, 1993 and the Statement of Incidental Expenditure during construction annexed thereto for the year ended on that date. No Profit and Loss Account has been prepared as the company has not commenced commercial operation. 1. We state 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 subject to note 4 of schedule Vl, Notes to Accounts regarding nonconfirmation of balances; b) In our opinion proper books of accounts as required by Law have been kept by the company as far as appears from our examination of those books, subject however to our report: i) Para I sub-para vi regarding advances made to some parties for which supporting documents and terms of those advances are not available; ii) Para I sub-para xx regarding non-arrival of machinery amounting to Rs.85.46 lakhs; iii) Para I sub-para xxi regarding Promoters payments to foreign suppliers amounting to Rs.183.25 lakhs and differential interest payment to NORD L/B Bank amounting to Rs.88.38 lakhs; iv) Para I sub-para xxii regarding non-deduction of Income Tax at source in respect of payments to contractors: , v) Para I sub-para xxiii regarding payments made in cash exceeding Rs.10,000/- instead of crossed cheques/payorders; c) The Balance Sheet and the Statement of Incidental Expenditure during the construction dealt with by this report are in agreernent with the books of account; d) In our opinion and to the best-of our information and according to the explanations given to us, the said accounts together with the schedules give the information required by the Companies Act, 1956, in the manner so required and subject to Note 4 of Schedule Vl - Notes to Accounts regarding non- confirmation of balances Give a true and fair view:- i) In the case of the Balance Sheet of the state of affairs of the company as at 31st March, 1993 and ii) In the case of Statement of Incidental Expenditure during construction of the balance to be carried forward as at the year ended on that date. for M.S.REDDY & COMPANY CHARTERED ACCOUNTANTS Place : Bangalore K. RAMESH KUMAR Date : 30.06.94. PARTNER