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Singhal Swaroop Ispat Ltd.

BSE: 513391 Sector: Metals & Mining
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Singhal Swaroop Ispat Ltd. (SSISPAT) - Auditors Report

Company auditors report

1996 SINGHAL SWAROOP ISPAT LIMITED AUDITORS' REPORT We have audited the attached Balance Sheet of SINGHAL SWAROOP ISPAT LIMITED as at 30th June,1996 and the annexed Profit & Loss Account for the year ended on that date and report that: 1. The Books of Accounts, sales and purchase vouchers etc. for the year under audit pertaining to the Rolling Mill Division of the Company are seized by Excise authorities. In the absence of Books of Accounts and records, the audit is conducted on the basis of information available with the company and produced for our verification. Further to our comments : a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for purposes 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 those books. c) The Balance Sheet and Profit & Loss account dealt with by this Report are in agreement 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 subject to Note regarding non- payment of dividend amounting to Rupees Eighty Seven Lakhs Eighty Seven Thousand declared on 30th December, 1995 read together with significant Accounting policies and Notes on Accounts as per Schedule 19 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 30th June, 1996 ii) In the case of Profit & Loss Account of the profit for the year ended on that date. For N. G. BHANDARI & CO., M. G. BHANDARI Partner Place : Mumbai, Date : February 28th, 1997.