Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
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efo v³et Fefv[³ee SM³eesjvme kebÀ. efue.<strong>The</strong> <strong>New</strong> <strong>India</strong> <strong>Assurance</strong> <strong>Co</strong>. <strong>Ltd</strong>.Estbd. 1919Auditors’ <strong>Rep</strong>ortInsurance Regulatory and Development Authority Act, 1999 and the <strong>Co</strong>mpanies Act, 1956, to theextent applicable and in the manner so required and the financial statements read with significantaccounting policies and notes thereon, give a true and fair view in conformity with the accountingprinciples generally accepted in <strong>India</strong> as applicable to insurance companies(i)(ii)(iii)(iv)of the state of affairs of the <strong>Co</strong>mpany in so far it relates to the Balance Sheet as at 31 st March,2009 ;of the surplus/deficit in so far it relates to the Revenue Accounts of Fire, Marine and MiscellaneousBusiness for the financial year ended on that date;of the profit in so far it relates to the Profit and Loss Account for the financial year ended on thatdate andFor the receipts and payments in so far it relates to the Receipts and Payments Account for thefinancial year ended on that date.Further on the basis of our examination of books and records of the company and according to theinformation and explanation given to us and to the best of our knowledge and belief, we certify that :a. We have reviewed the management report attached to the financial statements for the year ended31st March, 2009 and there is no apparent mistake or material inconsistency with the financialstatements; andb. Based on the information and explanations received during the normal course of our audit andmanagement representation by officer of the <strong>Co</strong>mpany charged with the compliance, nothing has cometo our attention which causes to believe that the company has not complied with the terms andconditions of registration as stipulated by the IRDA.For SARDA & PAREEK For KARNAVAT & CO. For CHATURVEDI & SHAHChartered Accountants Chartered Accountants Chartered AccountantsNiranjan Joshi Shashikant Gupta H. P. ChaturvediPartner Partner PartnerMembership No.102789 Membership No.45629 Membership No. 33523Mumbai25th June, 200944
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