Annexure to Auditors Report (Contd...)8. The company is not required to maintain cost records u/s 209(1) (d) of the Companies Act, 1956. Accordingly paragraph4(viii) of the order is not applicable.9. (a) According to the information <strong>and</strong> explanations given to us <strong>and</strong> the records of the Company examined by us, theCompany has been regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance,Income Tax, Custom Duty, Service Tax, Cess with the appropriate authorities. The provisions of other statute mentionedin the clause are not applicable to the company for the year under audit.(b) According to the information <strong>and</strong> explanations given to us <strong>and</strong> the records of the Company examined by us, there areno disputed dues of Income Tax/Wealth tax/Service tax/Custom duty/excise duty/cess. The details of disputed dues ofsales tax are as follows:Name of the Nature of the Forum where the Amount Period to whichStatute Dues dem<strong>and</strong> is Pending (Rs. in lacs) amount relatesDelhi Sales Tax Sales tax Dy.Commissioner of Sales 85.52 2003-2004Tax(Appeals) –Delhi10. At the end of the financial year March 31, 2005, the company has accumulated losses of Rs.1481.13 lacs <strong>and</strong> the sameis more than the fifty percent of the net worth of the company. Further, the Company has not incurred any cash lossesduring the financial year ended March 31, 2005 <strong>and</strong> in the immediately preceding financial year.11. According to the records of the Company examined by us <strong>and</strong> the information <strong>and</strong> explanations given to us, theCompany during the year has not defaulted in repayment of dues to financial institutions <strong>and</strong> banks.12. As the Company has not granted any loans <strong>and</strong> advances on the basis of security by way of pledge of shares, debentures<strong>and</strong> other securities, paragraph 4 (xii) of the Order is not applicable.13. The provisions of any special statute as specified under paragraph 4 (xiii) of the Order are not applicable to theCompany.14. As the Company is not dealing or trading in shares, securities, debentures <strong>and</strong> other investments, paragraph 4 (xiv) ofthe Order is not applicable.15. In our opinion <strong>and</strong> according to the information <strong>and</strong> explanations given to us, the Company has not given anyguarantees during the year for loans taken by others from banks or financial institutions.16. In our opinion <strong>and</strong> according to the information <strong>and</strong> explanations given to us, the term loans during the year havebeen applied for the purpose for which they were obtained.17. According to the information <strong>and</strong> explanations given to us <strong>and</strong> on an overall examination of the balance sheet of theCompany, we report that short term funds have not been used to finance long term investments.18. As the Company has not made any preferential allotment of shares during the year, paragraph 4 (xviii) of the Order isnot applicable.19. During the year, since the Company has not issued any debentures, paragraph 4 (xix) of the Order is not applicable.20. During the year, since the Company has not raised any money by way of public issue, paragraph 4 (xx) of the Order isnot applicable.21. Based upon the audit procedures performed <strong>and</strong> information <strong>and</strong> explanations given by the management, we reportthat no fraud on or by the Company has been noticed or reported during the course of our audit for the year endedMarch 31, 2005.FOR JHALANI & CO.Chartered AccountantsV.K. JhalaniPartner(Membership No.:82691)Ghaziabad22nd April, 2005<strong>Dabur</strong> <strong>Foods</strong> <strong>Limited</strong> • Annual Report 2004-0568
<strong>Balance</strong> sheet as at 31st March, 2005As at 31stAs at 31stMarch 2005March 2004Schedule (Rs. In lac) (Rs. In lac)Sources of funds :Shareholders’ funds:A) share capital A 1,000.00 1,000.00 1,000.00 1,000.00Loan funds:A) secured loans B 1,637.34 625.00B) unsecured loans C 1,727.79 1,836.463,365.13 2,461.46Total 4,365.13 3,461.46Application of funds :Fixed assets :(A) gross block E 7.52 7.39(B) less : depreciation 3.00 1.52(C) net block 4.52 5.87Investments F 500.21 - 505.21Current assets, loans <strong>and</strong> advances: GA) inventories 1,177.52 504.14B) sundry debtors 971.89 484.83C) cash & bank balances 202.54 455.12D) loans & advances 1,217.51 100.613,569.46 1,544.70Less: current liabilities <strong>and</strong> provisions DA) liabilities 1,120.25573.32B) provisions 70.09 27.831,190.34 601.15Net current assets 2,379.12 943.55Miscellaneous expenditure H - -(to the extent not written off or adjusted)<strong>Profit</strong> & loss 1,481.28 2,006.83Notes to accountsNTotal 4,365.13 3,461.46As per our report of even date attachedFor Jhalani & Co.Chartered AccountantsV.K. JhalaniPartnerFor <strong>Dabur</strong> <strong>Foods</strong> Ltd.Amit BurmanDirectorP. D. Narang DirectorNeeraj AggarwalManager Finanace&Company SecretaryGhaziabad22nd April, 2005<strong>Dabur</strong> <strong>Foods</strong> <strong>Limited</strong> • Annual Report 2004-0579