Suraj Holdings Ltd. இன் முடிவுகள்

Mar 31, 2013

We have Audited the attached Balance Sheet of SURAJ HOLDINGS LIMITED., as on 31st March, 2013 and Profit A Loss Account and Cash Flow Statement for the year ended on that date annexed there to. These financial Statements are the responsibility of the Company''s Management. Our responsibility is to express an opinion on these financial Statements based on our audit.

1) We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

2) As required by the Companies (Auditor''s Report) Order 2003, issued by the Central Government of India in terms of Section 227(4A)of the Companies Act,1956,we annex hereto a statement on the matters specified in paragraph 4 4 5 of the said order.

We further 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 accounts as required by the law have been kept by the Company so far as it appears from our examination of the books.

c. The Balance Sheet and Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account of the Company.

d. In our opinion for preparation of acounts of the company for the year ended March, 31 2013 the Accounting Standards referred to in sub-section (3C) of section 211 of the companies Act 1956 have been compled with.

e. On the basis of written representations received from the Directors and taken on record by Board of Directors, we report that, none of the said Directors of disqualified as on 31st March, 2009 from being appointed as a director in terms of clause (g) of Sub-section (1) of section 274 of the Companies Act, 1956.

f. 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 notes thereon give the information required by the companies ACt, 1956 in the manner to 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 amarch 2013.

ii) in the case pf profit & loss Account of the profit for the year ended on that date.

Statement referred to in report of even date to the members of SURAJ HOLDINGS LIMITED on the accounts for the ended March 31,2013

i) a) The company is maintaining proper records showing full particulars, incur quantitative details and situation of fixed assets.

b) The company has a phased programme of physically verified by the management during the year accord to a phased programme of verification which, in our opinion, is reasonable ha'' regard to the size of the company and the nature of its assets. No material discrepant* were noticed on such verification.

c) In our opinion a substantial part of Fixed Assets has not been disposed off by are company during the year,.

(ii) The company has shares/ stock of the comapny as inventory hence in our opnion as comments under the paragraph (4) of the order are called for in the case of term (ii) (b) and (ii) (c)

(iii) a) The company has not granted loans to companies firms or other parties listed in the register maintained under section 301 and or from comapnies under the same management as defined under section 370 (1B) of the order are called are called for in the case of item (iii) (a) (iii)(b) (iii) (c) and (iii) (d).

c) The Company is maintaining proper records of inventory and according to the informs and explanations given to us, discrepancies noticed on physical verification were material and the same have been properly dealt with in the books of account.

(iv) In our opinion and according to the information and explanations given to us, there adequate internal control procedures commensurate with the size of the company and nature of its business with regard to purchases of inventory and fixed assets and for sale of goods and services. During the course of our audit, we have not observed any weakness in internal control system.

(v) According to the information and explanations given to us, No contracts or arrangements referred to in section 301 of the comapnies Act,1956 have been entred hence in our opinion no comments under the paragraph (4) of the order are called for in the case of item (v) (a) (v) (b).

(vi) The company has not accepted any deposits from public whihin the meaning of sections 58A and 58AA of the Act and the rules framed there under.

(vii) In our opinion, the company has an adequate internal audit system commensurate with size of the Company and the nature of its business.

(viii) As informed to us, the Central Government has not prescribed maintenance of cost reek under section 209(1 )(d) of the Companies Act, 1956 for the business the Company carried on during the year.

b) The company has no undisputed amounts payable in respect of balance sheet date.

x. In our opinion the accumuaited losses of the company are worth the comapny has not incurred cash losses in the proceeding such financialyear.

(x) The Company has no accumulated loss at the end of the current accounting year. Further, the Company has not incurred any cash loss in the current accounting year as well as in the immediately preceding accounting year.

(xi) Based on our audit procedure and on the basis of information and explanations given by the management, the Company has defaulted in repayment of the Secured Loans from the bank and Financial institution, but the company is in negotiation with the said banks and Financial Institution and the matter is expected to be settled soon. There were no borrowings in the form of Debentures.

(xii) The Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) The Company is not a chit fund or a nidhi/mutual fund/society.

(xiv) The company is not dealing in or trading in shares, securities, debentures and other investments.

(xv) According to the information given to us, the Company has not given guarantees for loans taken by others from banks or financial institutions during the year.

(xvi) The Company has not taken any term loan during the year and according to the information and explanations given to us, the outstanding term loans were applied for the purpose for which the same were raised.

(xvii) According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that no new funds have been raised during the year on short-term basis.

(xviii) The Company has not made preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act during the year.

(xix) The Company did not have any outstanding debentures during the year.

(xx) The Company has not raised any money by public issue.

(xxi) During to course of examination of the books and records of the comapny we have neither come across any anstance of fraud on of by the company of eported during the course of the audit.



For Bhola Vijesh & aSSOCIATES

Chartered Accountants

Firm Reg No 022591N

CA Vijesh Bhola

Partner

M No. 512697

Place; Ferozepur

Dated 26/08/2013