WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM
d. We have examined the following financial information relating to the
company and as approved by the Board of Directors for the purpose of
inclusion in the Information Memorandum:
i. The Company through its brakes division has reimbursed to M/s
Sundaram-Clayton Limited, Chennai a sum of
- Rs 943.63 lakhs towards dividend and Rs 160.37 lakhs towards
dividend tax thereon for the year ended 31 st March 2008 on 3 rd
November 2007 and 12 th November 2007
The Board of directors have declared an interim dividend of Rs
1,138.06 lakhs at their board meeting held on 20 th August 2008. A
sum of Rs 193.41 lakhs is provided for as dividend tax payable in
respect of this interim dividend.
The above dividend and tax thereon are set out in the Profit and Loss
Account in Annexure B.
ii. Accounting ratios as appearing in Annexure D to this report.
iii. The accounting policies followed by the company and details of major
items appearing in the Balance Sheet and Profit and Loss Account as
set out in Annexure A and B respectively are furnished in Annexure D
to this report.
4. This report should not be construed as a re-issuance or re-dating of any of
the previous audit reports issued by us nor should this report be construed as
a changed opinion on any of the financial statements referred to herein.
5. This report is intended solely for your information and for inclusion in the
Information Memorandum in connection with the listing of the equity shares of
the Company.
Page 44 of 95
For Sundaram & Srinivasan
Chartered Accountants
M. Padhmanabhan
Place: Chennai Partner
Date: 10.09.2008 Membership No 13291