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MANAGEMENT REPRESENTATION LETTERTo,_____________Chartered AccountantsVadodaraThis representation letter is provided in connection with your audit of Standalone Financial Statements of _____________ (the “Company”) for the year ended March 31, 20XX. Standalone Financial Statements comprise of the Balance Sheet as at March 31, 20XX, the Statement of Profit and Loss and Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information. Our ResponsibilitiesWe acknowledge our responsibility for matters stated in section 134 (5) of the Companies Act, 2013 (the “Act”) with respect to the preparation of these Standalone financial statements that give true and fair view of the financial position, financial performance (Profit/Loss) and cash flows of the company in accordance with the requirements of the Act and recognized accounting policies and practices generally accepted in India, including the applicable accounting standards and for making accurate representations to you. Our responsibility includes the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records relevant to the preparation and presentation of the Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.We acknowledge that the Financial Statements have been prepared in accordance with Accounting Standards notified under the Act. This representation letter is provided in connection with your audit of the Standalone financial statements for the year ended March 31, 20XX for the purpose of expressing your opinion as to whether the financial statements of the company are prepared and presented in accordance with the Accounting Standards notified under Section 133 of the Act and generally accepted accounting principles.We also acknowledge our responsibility for the completeness of information provided to you. We are also responsible for ensuring accuracy of records including financial information considered necessary for the preparation of the standalone financial statements. The Board of Director of the company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities; the selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial statements that give a true and fair view and are free from material misstatement , whether due to fraud or error, which has been used for the purpose of preparation of the standalone financial statements by us. As aforesaid, our responsibility includes making accurate representations to you.Further, we acknowledge that we have provided you with all relevant information and access as agreed in the terms of the audit engagement and that all transactions have been recorded and are reflected in the Standalone Financial Statements.Classification of items in the Balance Sheet as current and non-current is on the basis specified in the General Instruction for Preparation of Balance Sheet in the Schedule III of 'the Act'. The Company has determined the normal operating cycle to be of 12 months.Accounting Policies:The accounting policies which are material and critical in determining the results of operations for the year are as set out in Note No. 1 of the Standalone Financial Statements for year ended March 31, 20XX.We have reviewed the Company's accounting policies and having regard to the possible alternative policies, the selection and application of accounting policies are consistent with the Companies Act, 2013 and are appropriate.The financial statements are prepared on a going concern basis. We have no plans or intentions that may materially affect the carrying value or classification of assets and liabilities reflected in the financial statements. The presentation and disclosures in the financial statements, including the notes thereto, have been made in accordance with the requirements of the Division I of Schedule III to the Act, modified as required by the Accounting Standards and the provisions of the Act, as applicable. Accordingly, the comparative figures in the financial statements. including - those in the notes have also been regrouped, reclassified and disclosed appropriately.All events subsequent to the Balance Sheet date and for which the applicable Accounting standards require adjustment or disclosure have been adjusted or disclosed, and no other circumstances/ events/ matters have come to our attention up to the time of signing this letter, which require adjustment of or disclosure in the financial statements or in the notes thereto or would materially affect the accounts and the related disclosures for the year ended March 31, 20XX.Accounting Estimates:We used appropriate measurement processes, including related assumptions and models, in determining the accounting estimate in the context of the applicable Accounting standards. Measurement processes were consistently applied from year to year. The assumptions appropriately reflect our intent and ability to carry out specific courses of action on behalf of the Company, where relevant to the accounting estimates and disclosures.Disclosures related to accounting estimates are complete and appropriate under the applicable Accounting standards. Property, Plant and Equipment: (PPE)No capital expenditure has been charged to revenue and vice versa. During the year, no physical verification of PPE has been carried out as per the planned programme. Property, Plant & Equipment (PPE) comprises of Tangible assets and Capital Work in progress. PPE are stated at cost, net of tax/duty credit availed, if any, after reducing accumulated depreciation & impairment losses, if any, until the date of the Balance Sheet. All purchases/acquisitions and disposals/write offs of PPE assets during the year have been duly approved by the appropriate authority. Title deeds of all immovable properties including those under capital WIP/capital advances are held in the name of the Company. Further, in case of Building constructed by the Company, the title deeds are verified by the way of insurance on such building.OrTitle deeds/Lease deeds of all immovable properties including those under capital WIP /capital advances are held in the name of the Company except Title deeds in respect of ______________ having carrying value (Book value)of ` ______ which are not held in the name of the company. The net book value, at which PPE assets are stated in the balance sheet, has been arrived at:After taking into account all capital expenditure and additions thereto;After eliminating the cost and accumulated depreciation and impairment losses, if any, relating to items sold, discarded, demolished or destroyed;After charging depreciation and impairment losses as per the accounting policy adopted.The Company has maintained proper records showing full particulars and quantitative details of the fixed assets. All assets have been accounted for appropriately. The cost of PPE asset is removed from the block of assets only after condemnation disposal/demolition of the same is approved by the competent authority.The discrepancies in PPE assets if any, on physical verification have been quantified. The accounting adjustment for the same is carried out on reconciliation. All the details of the same have been provided to you. All CWIP are capitalized when the same is ready for intended use. Completion Certificate has been furnished to you during the course of audit. No item of CWIP has been abandoned or discontinued after the close of the financial year ____ and till date.Depreciation on these PPE commences when the assets are ready for their intended use. Depreciation on all PPE is provided on straight line method/diminishing balance method in accordance with the requirements of Schedule II of the Companies Act, 2013. Where cost of a part of an asset is significant to total cost of the asset and useful life of that part is different from the useful life of the remaining asset, useful life of that significant part has been determined and depreciated separately. OrThe nature of company’s PPE is of such that separate components having different useful lives are not separately identifiable and therefore, component accounting is practically not feasible.Intangible Assets and AmortizationsIntangible assets are recognized only if it is probable that future economic benefits that are attributable to the assets will flow to the Company and the cost of assets can be measured reliably. The intangible assets are recorded at cost and are carried at cost less accumulated amortization and accumulated impairment losses, if any. Intangible assets are amortized over the period of three mitmentsCommitments are classified as Capital Commitments and Other Commitments.At the Balance Sheet date, there were no outstanding commitments for capital expenditure or any other commitments which are required to be disclosed as per schedule Ill of the Act except those disclosed in the Note no. _____ to the Financial Statements.InvestmentsLong term Investments are valued at cost except those where there is a decline, other than temporary, in the value of a long term investment, in which case, the carrying amount is reduced to recognise the decline. All current investment are shown as lower of cost or fair value.All the investments belong to the Company and it does not include any investments held on behalf of any other person.The company has clear title to all its investments. There are no charges against the investments of the company except those appearing in the financial statements.We confirm the completeness of information provided regarding valuation and disclosure of long-term investments. There are no long term and Current investments other than those disclosed in the balance sheet.In respect of offers of right issues received during the year, the rights have been either subscribed to, or renounced, or allowed to lapse. In no case have they been renounced in favour of third parties without consideration which has been properly accounted for in the books of account.The investments sold are not at a price less than that at which they were purchased by the company/reasonable price/fair market value. OrThe company has not sold any investments during the year.OrThe Company has sold its assets that consist of shares, debentures and other securities, at a price lesser than its purchase price, but not less than the market value. These transactions are not significant at the scale of the Company. The Company has not given any loan, any guarantee or invested in any securities as mentioned under Section 186 of the Act. OrWhere the company has given any loan or made any investment or provided any guarantee, or security exceeding limits prescribed under Section 186 of the Act, prior approval by means of a special resolution passed at a general meeting has been taken. The Company has disclosed to the members in financial statements full particulars of such loans given, investment made, or guarantee given, or security provided and also disclosed purpose and end use of such loans given, investment made, or guarantee given, or security provided. These loans and advances are not prejudicial to the interest of the Company. The Company has held certain part of land and building (define that part) as Investment in immovable properties. This immovable property is held to earn rentals or for capital appreciation or both. The Company has appropriately done classification in Investment property and owner occupied property. Such investment property is recognised and measured in financial statements at cost model same as mentioned in Property, Plant and Equipment. Income arising from such Investment property is appropriately recognised in the books of accounts.InventoriesValue of Inventories as at March 31, 20XX and its basis of valuation are mentioned below: Class of Inventory Amount in `Basis of ValuationRaw Materials (including components)Work –in-progressFinished Goods (Including by-products)Stock-in-trade (in respect of goods acquired for trading)Loose ToolsOthers (Specify Each major head separately)(In describing the basis/bases of valuation, the method of ascertaining the cost (e.g. FIFO, Average Cost) should also be stated. Similarly, the extent to which overheads have been included in the cost should also be stated.The basis of valuation is/are the same as that /those used in the previous year, except as set out below:Class of InventoryBasis of Valuation Effect of Change in Basis of ValuationThis YearLast Year______________________________________________________________________________________________________________________________________________________All goods included in the inventory are the property of the Company, none of the goods are held as consignee for others or as bailee, and except as set out in the Financial Statements, none of the goods are subject to any charge or reservation of title, except as stated in the notes to the financial statements. In valuing inventory, due consideration has been given to the saleability of the stock. In accordance with the procedure, obsolete inventory is identified and segregated from live inventory from time to time and written off. Inventory includes items of stores & spares, which have not moved for 3 years in a specific unit. Necessary provision has been made in the Accounts unit wise for such items as per policy. Similarly, provision for non-moving inventories consisting of raw materials, finished goods and semi-finished goods which have not moved for 1 year in a specific unit has been made in the accounts unit wise.The following provisions have been made in respect of excess, slow-moving, damaged, or obsolete inventories and the same, in our view, is adequate.Sr. No.Item QtyValue1._________________________________2._________________________________3._________________________________Inventories recorded in the books as at ___________ aggregating to `_____are based upon the physical inventories taken as at _____ by actual count, weight or measurement. The material discrepancies noticed on physical verification of stocks as compared to book records have been properly dealt with in the books of account and subsequent transactions recorded in the accounts fairly reflect the changes in the inventories up to ______________. Inventories appearing in the accounts are owned by the Company and do not include goods sold to customers for which delivery is yet to be made.We have disclosed broad heads of consumption, Purchase of traded items, opening and closing stock of Finished goods, work in progress and traded goods and sales and services on the basis of criteria of 10% of the total value in each category.We confirm:the completeness of information provided regarding the inventory; andadherence to laid down procedures for physical inventory count.The Company has maintained adequate records for the inventories lying with third parties. Further, we have obtained confirmation for the stock lying with such parties.Balances with Bank:The following items are appearing in the books as at March 31, 20XX:ParticularsBalance as on March 31, 20XX Balances with bank in current accountCash in handBank DepositsWe confirm that all bank balances which are shown above have been reconciled and balance-confirmation is obtained from each bank. No material discrepancies have been observed on such reconciliation and there are no major outstanding cheques.All Bank Accounts as appearing in the Balance Sheet as at March 31, 20XX are held in the Company's name. The Company has also recorded all the Bank Accounts which are opened in the name of the Company. All cash balances are held in the custody of the Company's officials authorized in this behalf.We have recorded or disclosed, as appropriate, all earmarked balances with banks, balances with banks to the extent held as margin money or security against the borrowings, guarantees and other commitments and bank deposits with a maturity period up to 12 months and more than 12 months, separately.The Bank deposits are in the name of the Company and are physically verified by the management. No material discrepancies have been observed on such verification. All the above deposits are free from any lien except the following:Deposit held as Margin money for bank guarantee & LC`________________Cash BalanceIn financial statements, cash balance as on March 31, 20XX was `______ and physically verified and certified as per the internal policy.Trade Receivables, Loans and AdvancesTrade Receivables, Loans and Advances (including other current assets) as appearing in the books of accounts as at March 31, 20XX, in our opinion, are good and recoverable except where provision for impairment is made.The ageing of Trade Receivables has been correctly done as disclosed in Note ___. Moreover, the balances of loans and advances as on March 31, 20XX have been correctly segregated between secured and unsecured and between good and doubtful balances under current/Non-current assets.Debtors' confirmations have been sought from parties. Wherever such letter of confirmation has been received, and discrepancy, it any, noticed, is reconciled and is properly dealt with the parties. Balance confirmation in respect of some of the debtors is awaited. However, the Company does not envisage any material impact on current year's results on finalization.In our opinion, other current assets have a value on realization in the ordinary course of the company's business which is at least equal to the amount at which they are stated in the balance sheet.The employees to whom the loans and advances in the nature of loans are given are repaying the principal as stipulated and the Company is taking reasonable steps for recovery of the same.Advance Tax paid includes amount of Tax deducted at source for which necessary certificates are yet to be received/ 26AS yet to be updated. We are in the process of collecting these certificates/ensuring 26AS is updated and the entire amount is considered good and recoverable.All foreign currency assets and liabilities as on the date of balance sheet have been restated at the average of TT buying and selling rates of SBI as on March 31, 20XX.dOn the date of Balance Sheet, no advances from customers are outstanding for more than 365 days and wherever such advances exceed 365 days from its acceptance, the Company has complied with all the compliances according to the Act.OrAdvances from customers exceeding for more than 365 days are pursuant to long-term contractual arrangements with customers and they don’t fall in the criteria of deemed deposits u/s 73 to 76 of the Act.Trade PayablesThe company has a policy of seeking confirmations from its creditors in the month of _____/March every year. Wherever such letter of confirmation is received, it is reconciled with book balance and discrepancy, if any, is properly resolved by engaging the creditors concerned in the process of proper addressal of the discrepancy/discrepancies. Upon resolution of discrepancy/discrepancies, the necessary adjustments are carried out in the books, if required. The Balance confirmations in respect of some of the creditors are awaited. However, the Company does not envisage any material impact on current year's financial results on reconciliation/settlement of dues with such parties.Further, the details from the vendors have been sought as to whether they are covered under MSMED Act 2006 (as amended from time to time) or not. Based on information obtained, we confirm that payments to such parties have generally been made within the time frame stipulated under the said Act. There may be few instances where payments are overdue or were made after the due date. In such cases, the interest for delayed period has been provided/paid, as the case may be, at the stipulated rate under the MSMED Act and has been appropriately disclosed in the Financial Statements. (Refer Note No._________ to the Financial Statements).LiabilitiesWe have recorded all known liabilities in the Standalone Financial Statements.The Company has not defaulted in repayment of loans/borrowings to financial institutions, banks, government and debenture holders.There are no uncontested demands for Provident Fund / ESI and other statutory dues from the respective authorities which remain to be paid and/or provided. During the year, Provident Fund dues have been regularly deposited with the appropriate authorities. The Employees State Insurance Scheme is not applicable to the Company.All contested legal dues to the extent not provided in the books are shown under contingent liabilities.To the best of our knowledge and belief, contingent liabilities disclosed in the notes to the financial statements do not include any contingencies which are obligations resulting in a loss and therefore, require adjustment of assets or liabilities. The Company has analyzed the cases pending against the company into probable, possible and remote category and provision has been made for the cases falling under probable category. In respect of the other categories the same have been included in the Contingent Liabilities.The Company's pending litigations comprise of claims against the Company and proceedings pending with Tax/ Statutory/Government Authorities. The Company has reviewed all its pending litigations and proceedings and has made adequate provisions, wherever required and disclosed the contingent liabilities, wherever applicable in its Financial Statements. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.To the best of our knowledge and information, we have disclosed in the notes to the financial statements all guarantees given to third parties and all other contingent liabilities.Borrowings for which securities are given by other than company are classified as unsecured and proper disclosure is made.Deferred tax Net Deferred Tax Liability/Asset for the year of `______ has been recognised in Statement of Profit and Loss for the year as per the provisions of Accounting Standard 22 –“Accounting for Taxes on Income” as prescribed under the Companies Act 2013.Provisions tor claims and lossesProvision has been made in the accounts for all known losses and claims of material amounts.All accrued contracted liabilities have been recognised in the Financial Statements.Litigations and claimsWe confirm completeness and adequacy of information provided to you regarding the identification of litigation and claims, estimates of financial implications, including costs, etc.We have provided to you, through In-House legal/other department dealing with key litigations and claims, necessary information as per your requirements.All the litigations and claims whose effects should have been considered in accounts have been accounted and disclosed according to the financial reporting framework.Further, all known instances of non-compliance or suspected non-compliance with all applicable laws and regulations whose effects should be considered when preparing Standalone Financial Statements have been disclosed to you. through this letter. Share CapitalThe change in the holding of more than 5% shares in the company, compared to previous year is as mentioned below:ParticularsAs at 31st March,20-- (Extent of Holding)As at 31st March,20--(Extent of Holding)We confirm there is a/no change in Authorised share capital and paid up share capital compared to previous year.During the year the cash has been received against allotment of shares. OrThe company has not received any cash against allotment of shares, however the position as stated in the account books and the balance sheet is correct, regular and not misleading.The company has/has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures during the under review. The company has complied/not complied with the provisions of section 42 of the Act and the amount raised has been used/not used for the purpose for which funds were pany Law AspectsTo the best of our knowledge and belief, all requirements of the Companies Act, 2013 and rules thereunder have been complied with. All statutory records have been updated and there are no transactions, which need to be recorded that have not been recorded in the registers.The Company has not accepted any deposits from the public within the meaning of the Act and the rules made there under or under the directives issued by the Reserve Bank of India.To the best of our knowledge and belief there is no contravention during the year of the provisions of Section 123, 128, 129, 135, 143 (1), 164, 177, 179, 184, 188, 189, 198, and 186 (1) of the Companies Act, 2013.In respect of loans, investments, guarantees and security, provisions of section 185 and 186 (1) of the Companies Act, 2013 have been complied with.OrIn case the loans, investments, guarantees or security is provided by the Company in the contravention of Sec 185 and 186, then the following to be considered in the MRL: In respect of Loans/ Investments/ Guarantees/ Securities provided, following are the parties to whom the same is given: Name of PartiesRelationship (directors/ the person in which directors are interested)Loan/ Investments/ Guarantee/ SecuritiesAmount involvedMaximum outstanding during the yearAmount outstanding at the end of the yearAll statutory registers as required under the Companies Act, 2013 have been maintained and updated as on the Balance Sheet date.The company is maintaining cost records as prescribed under section 148 (1) of the Act and the cost audit for the year _____ has been carried out.During the year, the company was required to spend Rs._____________ towards corporate social responsibility obligations. Accordingly, the company could spend Rs.______________ by way of _______________________Statutory Liabilities including Income TaxThe company is generally regular in paying the statutory liabilities. There are no overdue payments as at the March 31, 20XX. Further, there are no statutory dues as at year end which have remained outstanding for more than six months from the date, they became payable. Following are the disputed dues which are unpaid as at March 31, 20XX:Name of the statuteNature of disputed dues Amount in `Period to which the amount relatesForum where pendingThere has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.We confirm that there are no other material liabilities which are overdue and unpaid as at March 31, 20XX.Statement of Profit or LossExcept as disclosed in the Standalone Financial Statements. the results for the year were not materially affected by:Transactions of a nature not usually undertaken by the companyCircumstances of an exceptional or non-recurring nature.Charges or credits relating to Prior years.Changes in accounting policies.All expenses are incurred for Company's lawful business purposes and benefit of the Company.To the best of our knowledge and information there are no irregularities in the system of internal control that could have a material effect on the Standalone Financial Statements, or of any irregularities involving management or employees who have significant roles in the system of internal accounting control or any irregularities involving other employees which could have material effect on the accounts.We believe that the actuarial assumptions and methods used to measure gratuity, leave encashment and other employee benefits and costs, duly reflected in financial statements, are appropriate in the given circumstances.There are no items of income or expenditure exceeding ` 1,00,000/- or 1% of revenue from operations, whichever is higher, that have not been separately disclosed in the Standalone Financial Statements. The systems of the Company are always under continuous monitoring/scrutiny of the technical and financial persons and its in-built controls are commensurate with the size of the company and nature of its business.To the best of our knowledge and information, the Financial Statements are free from any material errors and omissions.To the best of our knowledge and information, the Company has generally complied with all aspects of contractual agreements that could have a material effect on the Financial Statements in the event of non-compliance. There has been no non-compliance with requirements of regulatory authorities that could have a material effect on the Financial Statements in the event of non-compliance, or which would require disclosure in the accounts.During the year `_____ has been written off as waiver/write off of debts, loan/interest with the approval of the competent authority.No personal expenses have been charged to revenue other than those payable under contractual obligations or in accordance with generally accepted business practices. All donations/contributions are given with the approval of the Competent Authority.Employee BenefitsAll employee benefits i.e., short term, long term and post-retirement benefits that the Company is committed to providing, including any arrangements that are statutory, contractual or implicit in the Company's actions, wherever they arise, whether funded or unfunded, contributions made to approved or unapproved plan/trust, have been identified and properly accounted for and/or disclosed.All amendments, settlements and curtailments in respect of retirement benefit schemes have been identified and properly accounted for. We confirm that we have made you aware of all employee benefit schemes in which employees of the Company participate. We confirm that the actuary appointed is independent and not related to the Company in any manner whatsoever.All the actuarial assumptions have been considered with due care and due diligence.Group company transactions:There are no material disputes with group companies and to the best of our knowledge and belief all amounts shown as due to/from group companies are correctly stated.In respect of transactions made in the normal course of business, in pursuance of contracts or arrangements entered into with the related parties, they have been made at Arm's Length price having regard to the prevailing market prices at the relevant time and are pre-approved by the audit committee as required under section 177 and 188 of the Companies Act. 2013. Further, there were no other transactions with related parties during the year which are not carried out at arm’s length basis and are not in the ordinary course of business which requires approval of the Audit& Ethics Committee/board/shareholders, in accordance with the Related Party Transactions- Policy & Procedures, 2014.The company has not entered into any contracts or arrangements referred to in Section 189 of the Companies Act which are required to be entered in the register.The Company has not granted loans (secured/unsecured) to parties covered in the register maintained under section 189 of the Act.The Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other investments.All the parties to whom loans have been given are generally repaying the interest and the principal as per terms and conditions of the loan agreement, the Company is monitoring the same and is taking the required steps for recovery of the same.The terms and conditions on which the Company has given guarantees for loans taken by others from banks or financial institutions are not prejudicial to the interest of the Company, since these guarantees are given for the subsidiaries/company promoted by the Company.DirectorsThe Company has not entered into any non-cash transactions with directors or persons connected with him.The terms and conditions of appointment of all the whole time Directors are normally identical except for their pay scale. Related party transactions:We have disclosed to you the identity of the company's related parties and all the related party relationships and transactions of which we are aware.Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of the applicable Accounting standards.The transactions with related parties have taken effect on arm's length basis.We have disclosed all related party transactions relevant to the Company and that we are not aware of any other such matters required to be disclosed in the financial statements whether under Accounting Standard 18 - Related Party Disclosures. We confirm that we have identified and disclosed to you all persons having significant influence over the Company, all members of key Management and close members of such person's families who are related parties, as defined by Accounting Standard 18 - Related Party Disclosures and included their remuneration in the disclosures of key Management compensation. We also confirm the completeness of information provided regarding the identification of related parties and transactions entered into with the related parties.The particulars of contract or arrangements covered under Section 184(2) and Section 188 of the Act, that need to be entered in the register maintained in pursuance of Section 189 of the Act have been so entered. The list of such companies, firms and other parties, which are considered related parties under the Act, as made available to you is complete. All transactions with related parties, including for purchase of goods and materials and sale of goods, materials, services and others, which are not covered under Section 188(1) of the Act, have been entered into by the company in its ordinary course of business and have made at prices which are at arm's length basis and considered reasonable having regard to prevailing market prices for such goods, materials, or services or the prices at the relevant time and/or at which transactions for similar goods or services have been made with other parties. The transactions with related parties entered into by the Company are in compliance with the requirements of Sections 177 and 188 of the Act.DerivativesCompany has not entered into any derivative transactions during the year.GeneralThe Company is not dealing in or trading in shares, securities, debentures and other investments.There are no funds raised on a long-term basis from financial institutions or/and raised by way of Initial Public Offer (IPO) or Further Public Offer (FPO) (including debt instrument) during the year. We confirm that the term loans raised during the year have been applied for the purpose for which they have been raised.The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934.We have no plans or intentions which may materially affect the carrying value or classification of assets and liabilities reflected in the Financial Statements.FraudWe acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud and error.We hereby declare that we have disclosed to you, the results of our assessment of the fraud risk which may have the effect of material misstatement in the Financial Statements.The management is fully apprised of its responsibility for proper disclosure of frauds. All significant facts relating to frauds, if any or suspected frauds known to management have been properly disclosed. No fraud on or by the Company have been noticed or reported during the year.Uncorrected Misstatements:We confirm that there are no uncorrected misstatements which material to the Financial Statements as a whole.We confirm that the managerial remuneration paid to / provided for in the books is in accordance with the approvals mandated by section 197 of the Act. The Board, duly taking into account all the relevant disclosures made, has approved these Financial Statements in its meeting held on _______.Significant events during the year: If there are any such events and if the MRL is to be taken for the same, then shall be added here.For _________________Managing Director/ Director/CFOPlace: Date: ................
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