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  • Analyses of Auditors REport of Advani Hotels

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    angelavani_16
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    AUDITORS REPORT ANALYSIS The Auditors of the ADVANI HOTELS & RESORTS (INDIA) LIMITED have audited the balance sheet of the company and also the Profit and Loss Account and the Cash Flow Statement of the Company for the year ended on that date annexed thereto. According to the Auditors the financial statements are the responsibility of the Company’s management and the responsibility of the Auditors is to express an opinion on the financial statements based their Audit. The Auditors had conducted their audit in accordance with auditing standards generally accepted in India. According to the Auditors an audit includes 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. According to the Auditors: 1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) The fixed assets were physically verified during the year and after the close of the year by the management. On the basis of such verification, discrepancies were noticed in respect of some fixed assets, which have been determined by the management and the net value of such fixed assets amounting to Rs.1,542,697/- has been written off in the accounts. 2. (a) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (b) On the basis of the Auditors examination of the inventory records of the Company, the company is maintaining proper records of inventory. Discrepancies, which were noticed on physical verification of inventory as compared to book records 3. The Company has not granted any loan or advance to companies, firms or other parties. 4. The particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section. 5. The Company has not accepted any deposits from the public . 6. According to the records of the Company and the information and explanations given to the auditors , the Company has been generally regular in depositing undisputed statutory dues, including provident fund, investor education & protection fund, employees’ state insurance, income–tax, sales–tax, wealth–tax, service tax, customs duty, excise duty and other applicable statutory dues with the appropriate authorities during the year. The Company’s operations do not give rise to any excise duty liability. 7.The Company neither had accumulated losses at the end of the financial year nor incurred any cash losses either during the current financial year or immediately preceding financial year. 8. According to the records of the Company examined by the auditor and the information and explanations given to them, the Company had not defaulted in repayment of dues to banks as per loan agreements or extended due dates. There were no borrowings from any financial institutions or by way of debentures. 9. According to the information and explanations given to the auditor s , the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 10. The provisions of any special statute applicable to chit fund / nidhi / mutual benefit fund / societies are not applicable to the Company. 11. The Company is not a dealer or trader in shares, securities, debentures, and other investments. 12. According to the information and explanations given to the auditor s, the Company has given guarantee for loan taken by its one of the subsidiaries from a bank, the terms and conditions whereof, in the auditor opinion, are prima facie not prejudicial to the interest of the Compa

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    Analyses of Auditors REport of advani hotels

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    AUDITORS REPORT ANALYSIS The Auditors of the ADVANI HOTELS & RESORTS (INDIA) LIMITED have audited the balance sheet of the company and also the Profit and Loss Account and the Cash Flow Statement of the Company for the year ended on that date annexed thereto. According to the Auditors the financial statements are the responsibility of the Company’s management and the responsibility of the Auditors is to express an opinion on the financial statements based their Audit. The Auditors had conducted their audit in accordance with auditing standards generally accepted in India. According to the Auditors an audit includes 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. According to the Auditors: 1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) The fixed assets were physically verified during the year and after the close of the year by the management. On the basis of such verification, discrepancies were noticed in respect of some fixed assets, which have been determined by the management and the net value of such fixed assets amounting to Rs.1,542,697/- has been written off in the accounts. 2. (a) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (b) On the basis of the Auditors examination of the inventory records of the Company, the company is maintaining proper records of inventory. Discrepancies, which were noticed on physical verification of inventory as compared to book records 3. The Company has not granted any loan or advance to companies, firms or other parties. 4. The particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section. 5. The Company has not accepted any deposits from the public . 6. According to the records of the Company and the information and explanations given to the auditors , the Company has been generally regular in depositing undisputed statutory dues, including provident fund, investor education & protection fund, employees’ state insurance, income–tax, sales–tax, wealth–tax, service tax, customs duty, excise duty and other applicable statutory dues with the appropriate authorities during the year. The Company’s operations do not give rise to any excise duty liability. 7.The Company neither had accumulated losses at the end of the financial year nor incurred any cash losses either during the current financial year or immediately preceding financial year. 8. According to the records of the Company examined by the auditor and the information and explanations given to them, the Company had not defaulted in repayment of dues to banks as per loan agreements or extended due dates. There were no borrowings from any financial institutions or by way of debentures. 9. According to the information and explanations given to the auditor s , the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 10. The provisions of any special statute applicable to chit fund / nidhi / mutual benefit fund / societies are not applicable to the Company. 11. The Company is not a dealer or trader in shares, securities, debentures, and other investments. 12. According to the information and explanations given to the auditor s, the Company has given guarantee for loan taken by its one of the subsidiaries from a bank, the terms and conditions whereof, in the auditor opinion, are prima facie not prejudicial to the interest of the Compa

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    20 tayangan2 halaman

    Analyses of Auditors REport of Advani Hotels

    Diunggah oleh

    angelavani_16
    AUDITORS REPORT ANALYSIS The Auditors of the ADVANI HOTELS & RESORTS (INDIA) LIMITED have audited the balance sheet of the company and also the Profit and Loss Account and the Cash Flow Statement of the Company for the year ended on that date annexed thereto. According to the Auditors the financial statements are the responsibility of the Company’s management and the responsibility of the Auditors is to express an opinion on the financial statements based their Audit. The Auditors had conducted their audit in accordance with auditing standards generally accepted in India. According to the Auditors an audit includes 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. According to the Auditors: 1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) The fixed assets were physically verified during the year and after the close of the year by the management. On the basis of such verification, discrepancies were noticed in respect of some fixed assets, which have been determined by the management and the net value of such fixed assets amounting to Rs.1,542,697/- has been written off in the accounts. 2. (a) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (b) On the basis of the Auditors examination of the inventory records of the Company, the company is maintaining proper records of inventory. Discrepancies, which were noticed on physical verification of inventory as compared to book records 3. The Company has not granted any loan or advance to companies, firms or other parties. 4. The particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section. 5. The Company has not accepted any deposits from the public . 6. According to the records of the Company and the information and explanations given to the auditors , the Company has been generally regular in depositing undisputed statutory dues, including provident fund, investor education & protection fund, employees’ state insurance, income–tax, sales–tax, wealth–tax, service tax, customs duty, excise duty and other applicable statutory dues with the appropriate authorities during the year. The Company’s operations do not give rise to any excise duty liability. 7.The Company neither had accumulated losses at the end of the financial year nor incurred any cash losses either during the current financial year or immediately preceding financial year. 8. According to the records of the Company examined by the auditor and the information and explanations given to them, the Company had not defaulted in repayment of dues to banks as per loan agreements or extended due dates. There were no borrowings from any financial institutions or by way of debentures. 9. According to the information and explanations given to the auditor s , the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 10. The provisions of any special statute applicable to chit fund / nidhi / mutual benefit fund / societies are not applicable to the Company. 11. The Company is not a dealer or trader in shares, securities, debentures, and other investments. 12. According to the information and explanations given to the auditor s, the Company has given guarantee for loan taken by its one of the subsidiaries from a bank, the terms and conditions whereof, in the auditor opinion, are prima facie not prejudicial to the interest of the Compa

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    Attribution Non-Commercial (BY-NC)
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    AUDITORS REPORT ANALYSIS

    The Auditors of the ADVANI HOTELS & RESORTS (INDIA) LIMITED have audited the balance sheet of the company and also the Profit and Loss Account and the Cash Flow Statement of the Company for the year ended on that date annexed thereto. According to the Auditors the financial statements are the responsibility of the Companys management and the responsibility of the Auditors is to express an opinion on the financial statements based their Audit. The Auditors had conducted their audit in accordance with auditing standards generally accepted in India. According to the Auditors an audit includes 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. According to the Auditors: 1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) The fixed assets were physically verified during the year and after the close of the year by the management. On the basis of such verification, discrepancies were noticed in respect of some fixed assets, which have been determined by the management and the net value of such fixed assets amounting to Rs.1,542,697/has been written off in the accounts. 2. (a) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (b) On the basis of the Auditors examination of the inventory records of the Company, the company is maintaining proper records of inventory. Discrepancies, which were noticed on physical verification of inventory as compared to book records 3. The Company has not granted any loan or advance to companies, firms or other parties. 4. The particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section. 5. The Company has not accepted any deposits from the public .

    6. According to the records of the Company and the information and explanations given to the auditors , the Company has been generally regular in depositing undisputed statutory dues, including provident fund, investor education & protection fund, employees state insurance, incometax, salestax, wealthtax, service tax, customs duty, excise duty and other applicable statutory dues with the appropriate authorities during the year. The Companys operations do not give rise to any excise duty liability. 7.The Company neither had accumulated losses at the end of the financial year nor incurred any cash losses either during the current financial year or immediately preceding financial year. 8. According to the records of the Company examined by the auditor and the information and explanations given to them, the Company had not defaulted in repayment of dues to banks as per loan agreements or extended due dates. There were no borrowings from any financial institutions or by way of debentures. 9. According to the information and explanations given to the auditor s , the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 10. The provisions of any special statute applicable to chit fund / nidhi / mutual benefit fund / societies are not applicable to the Company. 11. The Company is not a dealer or trader in shares, securities, debentures, and other investments. 12. According to the information and explanations given to the auditor s, the Company has given guarantee for loan taken by its one of the subsidiaries from a bank, the terms and conditions whereof, in the auditor opinion, are prima facie not prejudicial to the interest of the Company. 13. In the auditors opinion on an overall basis, and according to the information and explanations given to them, the term loans taken during the year were applied for the purpose for which the loans were obtained. 14. According to the information and explanations given to the auditor s and on an overall examination of the Balance sheet of the Company, the auditor s say that funds raised on short term basis have prima facie, not been used during the year for long term investment. 15. The Company has not made any preferential allotment of shares to parties and companies. 16.The Company has not issued any debentures during the year under audit. 17. The Company has not raised money by public issue during the year.

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