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Annexure
to the Report of the Auditors
us, the Company has not defaulted in repayment
of dues to any financial institution or bank or
debenture holders as at the balance sheet date.
xii. The Company has not granted any loans and
advances on the basis of security by way of pledge
of shares, debentures and other securities.
xiii. The provisions of any special statute applicable to
chit fund
|
nidhi
|
mutual benefit fund
|
societies
are not applicable to the Company.
xiv. In our opinion, the Company is not a dealer or trader in
shares, securities, debentures and other investments.
xv. In our opinion and according to the information and
explanations given to us, the terms and conditions
of the corporate guarantees given by the Company,
for loans taken by others from banks or financial
institutions in connection with central ETP project
at Ankleshwar during the year, are not prejudicial
to the interest of the Company.
xvi. In our opinion, and according to the information
and explanations given to us, on an overall basis,
the term loans have been applied for the purposes
for which they were obtained.
xvii. On the basis of an overall examination of the
balance sheet of the Company, in our opinion and
according to the information and explanations
given to us, there are no funds raised on a short-
term basis which have been used for long-term
investment.
xviii. The Company has not made any preferential
allotment of shares to parties and companies
covered in the register maintained under Section
301 of the Act during the year.
xix. On the basis of the records and documents
examined by us, the Company has not issued any
secured debentures during the year.
xx. The Company has not raised any money by public
issues during the year.
xxi. During the course of our examination of the
books and records of the Company, carried out in
accordance with the generally accepted auditing
practices in India, and according to the information
and explanations given to us, we have neither come
across any instance of fraud on or by the Company,
noticed or reported during the year, nor have we
been informed of such case by the Management.
xxii. The other clauses, (iii)(b), (iii)(c), and (iii)(d) of
paragraph 4 of the Companies (Auditor’s Report)
Order, 2003, as amended by the Companies
(Auditor’s Report) (Amendment) Order, 2004, are
not applicable in the case of the Company for the
year, since in our opinion there is no matter which
arises to be reported in the aforesaid order.
For and on behalf of
Dalal & Shah
Firm Registration No. 102020W
Chartered Accountants
S Venkatesh
Mumbai
Partner
May 13, 2011
Membership No. F-037942
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