DRIVIN G ROWTH - Dr. Reddy's

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annexure to the auditor’s 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
material discrepancies have been noticed on such verifications.
2. None of the fixed assets have been revalued during the year.
3. The Company has not obtained any loans secured or unsecured from companies, firms or other parties listed in the Register
required to be maintained under sections 301 and 370(1-C) of the Companies Act, 1956.
4. The Company has not granted any loans secured or unsecured to companies, firms or other parties listed in the register required
to be maintained under sections 301 and 370(1-C) of the Companies Act, 1956.
5. In our opinion, and in accordance with 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 for the purchase of assets.
6. The Company has not accepted any deposits from the public during the year.
7. 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.
8. 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.
9. The Company has not granted any loans and advances on the basis of the security by way of pledge of shares, debentures and
other similar securities.
10. Item Nos. 4(A)(iii), (iv), (v), (vi), (ix), (xi), (xii), (xiv), (xv), (xvi), (xvii), (xx) and 4(D) (ii), (iii) of the said order are not applicable in the
case of the Company.
CHEMINOR INVESTMENTS LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
for A RAMACHANDRA RAO & CO.
Chartered Accountants
Hyderabad P S R V V SURYA RAO
April 15, 2002 Partner