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Tria Fine Chem Ltd.

BSE: 524721 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Tria Fine Chem Ltd
NSE 05:30 | 01 Jan Tria Fine Chem Ltd

Tria Fine Chem Ltd. (TRIAFINECHEM) - Auditors Report

Company auditors report

1996 TRIA FINE CHEM LIMITED AUDITORS' REPORT We have audited the attached Balance Sheet of TRIA FINE-CHEM LIMITED as at 31st March, 1996 and the Statement of Expenditure during Construction Period, of the company for the year ended on that date 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 the books. (c) The Balance Sheet and Statement of Expenditure during Construction Period dealt with by this report are in agreement with the books of account. (d) The company had agreed to take certain items of plant and machinery on lease from a finance company on specified monthly lease rentals. The finance company failed to make payment for the machines in full. Consequently, the revision of monthly lease rentals is under negotiation. Pending a decision in the matter, the company has debited payments aggregating Rs. 41,71,520 on account of lease rentals and other charges to the said party's account and will transfer them to relevant accounts after fixation of revised lease rentals. Since, the company has not yet started production, the said accounting treatment has no bearing on the profit / loss of the company. Subject to the above in our opinion and to the best of our information and according to the explanations given to us, the said accounts read with notes thereon 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 the Balance Sheet, of the state of affairs of the company as at 31st, March, 1996 and (II) in the case of the Statement of Expenditure during Construction Period, of the expenditure for the year ended on that date. For CHATURVEDI SK & FELLOWS Chartered Accountants S. K. CHATURVEDI Partner Place : MUMBAI Dated : 24th August, 1996.