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the Company has been regular in depositing the
undisputed statutory dues including Provident Fund,
Investor Education and Protection Fund, Employees
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5BY 4FSWJDF 5BY $VTUPN %VUZ &YDJTF %VUZ $FTT
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appropriate Authorities. There are no undisputed
statutory dues at the year end outstanding for a
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become payable.
b) We have been informed that disputed demands of
`
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5BY BSF QFOEJOH JO BQQFBMT XJUI UIF $PNNJTTJPOFS
Appeals/High Court as per details below:
Particulars
Amount
Remarks
Demanded (
`
)
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Rajasthan High Court
VAT
459,735
Appeal pending before
Commissioner (Appeals)
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Commissioner (Appeals)
11. There are no accumulated losses of the Company as at the
end of the year. The Company has not incurred cash losses
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12. Based on our audit procedures and on the basis of
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management, we are of the opinion that there is no default
in repayment of dues to the Financial Institutions, banks or
debenture holders as at the year end.
13. The Company has not granted any loans and advances on
the basis of security by way of pledge of shares, debentures
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not applicable.
14. In our opinion, the Company is not a chit fund/ nidhi/
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to the Company.
15. The Company has maintained proper records of the
transactions and contracts in respect of investment in
shares and timely entries have been made therein. All such
investments are held by company in its own name.
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Company has not given any guarantee for loan taken by
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conditions whereof are prejudicial to the interest of the
Company.
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the term loans taken by the company have been applied
for the purposes for which the loans were obtained.
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VT BOE PO PWFSBMM FYBNJOBUJPO PG UIF #BMBODF 4IFFU PG
the Company, we are of the opinion that the funds raised
on short term basis have not been utilized for long term
investment.
19. During the year the Company has not made any preferential
allotment of shares to parties and Companies covered in
the Registermaintained u/s 301 of the Companies Act, 1956.
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20. Since the Company has not issued any debentures,
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21. Since the Company has not raised money by way of Public
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applicable.
22. Based upon the audit procedures performed and
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we report that, no fraud on or by the Company has been
noticed or reported during the course of our audit for the
year ended 31.03.2014.
For
O. P. Bagla & Co.
Chartered Accountants
Firm Regn No. 000018N
(Atul Bagla)
Place : New Delhi
Partner
Dated :
7th May, 2014
Membership No. 91885
53
Annual Report 2013-14
