WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
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<strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>) <strong>LIMITED</strong> <strong>INFORMATION</strong> <strong>MEMORANDUM</strong><br />
AUDITORS’ REPORT<br />
The Board of Directors<br />
<strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>) Limited<br />
No.29 Haddows Road<br />
Chennai 600 006<br />
Re: Public listing of <strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>) Limited<br />
Dear Sirs,<br />
1. We are engaged to report on the financial information of <strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>)<br />
Limited, having its registered office at No.29 Haddows Road, Chennai 600 006<br />
('the Company') annexed to this report, which has been prepared in<br />
accordance with Part II of Schedule II to the Companies Act, 1956 ('the Act')<br />
and the Securities and Exchange Board of India (Disclosure and Investor<br />
Protection) Guidelines, 2000 as amended from time to time ('the SEBI<br />
Guidelines') issued by the Securities and Exchange Board of India ('SEBI') on<br />
January 19, 2000 in pursuance of Section 11 of the Securities and Exchange<br />
Board of India Act, 1992 and related clarifications thereto. The preparation<br />
and presentation of this financial information is the responsibility of the<br />
Company’s management. This financial information is proposed to be included<br />
in the Information Memorandum of the company in connection with its public<br />
listing of equity shares.<br />
2. For our examination, we have placed reliance on the following:<br />
a. The financial statements of the company for the financial period from 18 th<br />
November 2004 to 31 st March 2005, which has been audited and reported<br />
upon by us.<br />
b. The financial statements of the company for the financial years ended 31 st<br />
March 2006, 31 st March 2007, and 31 st March 2008 which were audited<br />
and reported upon by us.<br />
c. The audited cash flow statement of the company for the year ended 31 st<br />
March 2008.<br />
3. In accordance with the requirements of Paragraph B (1) of Part II of Schedule<br />
II to the Act and the SEBI Guidelines, we report as follows:<br />
a. The assets and liabilities of the company as at March 31, 2008 are as<br />
set out in Annexures A to D to this report after making such<br />
adjustments and regroupings as in our opinion are appropriate and<br />
more fully described in the notes appearing in Annexure D to this<br />
report.<br />
b. The profits/losses of the company for the financial year ended March<br />
31, 2008 are as set out in Annexure B to this report. These<br />
profits/losses have been arrived at after charging all expenses and<br />
after making such adjustments and regroupings as in our opinion are<br />
appropriate and more fully described in the notes appearing in<br />
Annexure D to this report.<br />
c. The cash flow statement of the company for the financial year ended<br />
March 31, 2008 are as set out in Annexure C to this report. These cash<br />
flows have been arrived at after making such adjustments and<br />
regroupings as in our opinion are appropriate and more fully described<br />
in the notes appearing in Annexure D to this report.<br />
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