Annual Report Financial Statements. 2 Tower-B, DLF Cyber City, Gurgaon – , Haryana. Phone + 91 Fax + SIXTEENTH ANNUAL REPORT The Directors present the SIXTEENTH ANNUAL REPORT together with the Audited Statement of Accounts for the DLF: Gujarat Containers Ltd. Gujarat Narmada Fertilizer. During the financial year , the members approved the proposals through AND FORMING PART OF FINANCIAL STATEMENTS. 1. DLF Ltd. 7,
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Further to our comments in the Annexure referred to above, we report that: Name anual the Nature of dues Demand Amount statute amount paid Rs. Report on Other Legal and Regulatory Requirements 8.
Accordingly, the provisions of clause 4 vi of the Order are not applicable.
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Without qualifying our opinion, we draw attention to note number 49 of the financial statements in respect of certain income tax and other matters. Further to our comments in Annexure A, as required by Section 3 of the Act, we report that: Accordingly, the provisions of clause 4 xiv of the Order are not applicable. Our audit report is not qualified in respect of these matters.
In our opinion, the Company has not defaulted in repayment of dues to any financial institution or a bank or to debenture-holders during the year. Name of the statute Nature of repoort Demand Amount amount paid Rs.
However, we have not made a detailed examination of the records with a view to determine whether they are accurate or complete. Our opinion is not modified in respect of these matters. Accordingly, the provisions of clause 4 xviii of the Order are not applicable.
In making those risk assessments, the auditor considers internal control relevant to the Company”s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Company”s internal control.
The Company’s Board of Directors is responsible reeport the matters stated in Section 5 of annuxl Companies Act, ‘the Act’ with respect to the preparation of these standalone financial statements, that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section of the Act, read with Rule 7 of the Companies Accounts Rules, as amended.
Auditor Report of DLF Ltd. Company
As required by the Companies Auditor’s Report Order, ‘the Order’ issued by the 20091-0 Government of India in terms of Section 11 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order. Department,has further option to appeal at Hon”ble Supreme Court. We have broadly reviewed the books of account maintained by the Company pursuant to the Rules made by the Central Government for the maintenance of cost records under clause d of sub-section 1 of Section of the Act in respect of generation and sale of electricity annuxl the Company”s wind power operation and also in respect of Annuql real estate operations and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained.
We draw attention to certain income tax and other matters which are explained in more detail in Note Our responsibility is to express an opinion on these standalone financial statements based on our audit.
Auditor Report of DLF Ltd.
The Financial Statements dealt with by this report are in agreement with the books of account; d. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. No undisputed amounts payable in respect thereof were outstanding at the year end for a period of more than six months from the date they became anmual.
No material discrepancies were noticed on such verifi cation. In accordance with this program, certain assets were verified during the year and no material discrepancies were noticed on such verification. We conducted our audit in accordance with the auditing standards generally accepted in India. The Company has not granted any loans and advances on the basis of security by way of annuap of shares, debentures and other securities.
These Financial Statements are the responsibility of the Companys management. Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of account and other records examined by us in the normal course of audit, we report that: The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
Accordingly the provisions of clause 4 xx of the Order are not applicable. No material discrepancies were noticed on such verification.
In our opinion, the frequency of verification of the fixed assets is reasonable having regard to the size of the Company and the nature of its assets. On the reoort of written representations received from the Directors, as on March 31, and taken on record by the Board of Directors, we report that none of the Directors is disqualifi ed as on March 31, from being appointed as a Director in terms of clause g of sub-section 1 of Section of the Act; e.
As required by the Companies Auditor’s Report Order, ‘the Order’ as amended issued by the Central Government of India in terms of sub-section 4A of Annua, of the Companies Act, ‘the Act’we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.
For inventory represented by development rights at the year-end, written confi rmations have been obtained by the management. The Company had created security in respect of debentures outstanding during the year.
Further, no undisputed amounts eeport in respect thereof were outstanding at the year-end for a period of more than six months annua, the date they become payable.
We believe that our audit provides a reasonable basis for our opinion.