DRIVIN G ROWTH - Dr. Reddy's

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annexure to the auditors’ report
(Referred to in paragraph (1) of our report of even date)
1. The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.
All the fixed assets have been physically verified by the management during the year and to the best of our knowledge no serious
discrepancies have been noticed on such verifications.
2. None of the fixed assets have been revalued during the year.
3. The Company has not taken any loans, secured or unsecured from companies, firms or other parties listed in the register required
to be maintained under section 301 and 370 (1C) of the Companies Act, 1956, the rate of interest and other terms and conditions
of such loans are not prima facie prejudicial to the interest of the Company.
4. The Company has not granted any loans to companies, firms or other parties listed in the registers maintained under section 301
and 370 (1C) of the Companies Act, 1956.
5. Loans and advances in the nature of loans given by the Company, where stipulations have been made, parties are repaying the
principal amounts as stipulated and regular in payment of interest wherever applicable.
6. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures
commensurate with the size of the Company and the nature of its business with regard to purchase of assets.
7. The Company has not accepted any deposits from public during the year.
8. As the paid up capital of the Company is less than Rs. 25 Lakhs, there is no formal internal audit system.
9. According to information and explanations given to us, no undisputed amounts payable in respect of Income Tax, Wealth Tax, Sales
Tax, Customs Duty and Excise Duty were outstanding as at March 31, 2002 for a period of more than six months from the date
they became payable.
10. According to the information and explanations given to us, no personal expenses of employees or Directors have been charged to
the revenue account, other than those payable under contractual obligations or in accordance with generally accepted business
practices.
11. Item Nos. (iii), (iv), (v), (vi), (xi), (xii), (xiv), (xvi), (xvii), (xx) specified under clause A and item No. (ii), (iii) and (iv) specified under clause
D of paragraph 4 of the said Order are not applicable in the case of this Company.
DRL INVESTMENTS LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
For A RAMACHANDRA RAO & CO.
Chartered Accountants
Hyderabad A RAMACHANDRA RAO
June 4, 2002 Partner