We have audited the attached Balance Sheet of M/s. Aramusk
Infrastructure Investments Limited as at 31st March 2009 and also the
Profit and Loss Account and Cash flow statement for the year ended on
that date annexed thereto. These financial statements are the
responsibility of the Companys management. Our responsibility is to
express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally
accepted in India. Those Standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial
statments are free of material misstatement. An audit includes
examining on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
As required by the Companies (Auditors Report) Order, 2003 issued by
the Central Government in terms of Section 227 (4A) of the Companies
Act, 1956, we enclose in the Annexure a statement on the matters
specified in paragraphs 4 & 5 of the said order.
Further to our comments in the Annexure referred in paragraph above, we
i) We have obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purposes of our
ii) In our opinion, proper books of account as required by law have
been kept by the company so far as appears from our examination of
iii) The Balance Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account.
iv) In our opinion, the Balance Sheet and Profit and Loss Account dealt
with by this report comply with the accounting standards referred to in
sub-section (3)C of Section 211 of the Companies Act, 1956;
v) On the basis of written representations received from the directors,
as on 31 st March, 2009, and taken on record by the Board of Directors,
we report that none of the directors is disqualified as on 31st March
2009 from being appointed as a director in terms of clause (g) of
sub-section (1) of section 274 of the Companies Act, 1956.
vi) In our opinion and to the best of our information and according to
the explanations given to us, the said accounts read together with the
significant accounting policies and notes forming part thereof give the
information required by the Companies Act, 1956, in the manner so
required and give a true and fair view in conformity with the
accounting principles generally accepted in India;
a) in the case of the Balance Sheet the state of affairs of the Com
pany as at 31st March, 2009; and
b) in the case of the Profit and Loss Account, of the profit for the
year ended on that date.
c) in the case of the Cash Row Statement, of the cash flows for the
year ended on that date.
ANNEXURE TO THE AUDITORS REPORT TO THE MEMBERS OF M/s. Aramusk
Infrastructure Investments Limited Annexure referred to in the
Auditors Report to the members of M/s. Aramusk Infrastructure
Investments Limited on the accounts for the year ended 31st March 2009.
i) The Company does not have fixed assets and stock in trade and hence
the matters that are required to be stated for fixed assets and stock
in trade are not stated.
ii) The company has not taken any loans from parties listed in the
register maintained under section 301 of the Companies Act, 1956 during
the period under review.
iii) The company has not granted any loans during the year, secured or
unsecured to Companies, Firms or other parties listed in the Register
maintained under Section 301 where the rate of interest and other terms
and conditions are prima facie prejudicial to the interest of the
iv) The company has adequate internal control procedure commensurate
with the size of the company and the nature of its business, for the
purchase of inventory and fixed assets and for the sale of goods.
v) There were no transactions of purchase of goods and materials and
sale of goods and materials and services made in pursuance of contracts
or arrangements entered in the register maintained under Section 301 of
the Companies Act, 1956 and aggregating during the year to Rs.
5,00,000/- or more at prices which are unreasonable having regard to
the prevailing market prices for such goods, materials or services.
vi) The company has not accepted any deposits from the public.
vii) The company has an internal audit system commensurate with the
size of the company and nature of its business.
viii) We have been informed by the management that the Central
Government has not prescribed the maintenance of cost records under
Section 209(1 )(d) of the Companies Act, 1956 for the period under
ix) We have been informed by the management that the provisions of
Provident Fund Act and Employees State Insurance Act does not apply to
x) There are no undisputed amounts payable in repect of Investor
Education and Protection Fund, Income Tax, Sales Tax, Wealth Tax,
Customs Duty and Excise Duty, cess and other statutory dues as on 31 st
March 2009, outstanding for a period of more than six months from the
date on which they became payable.
xi) The company has not incurred cash losses in the current financial
year and in the immediately preceding financial year. There is no
accumulated losses as at the end of the year.
xii) The company has not defaulted in repayment of its dues to bankers
and debenture holders.
xiii) According to the information and explanations given to us, the
company has not given any guarantee for loans taken by others from
banks and financial institutions.
xiv) The company has neither availed nor had any outstanding balance of
term loans during the year under review.
xv) According to the Cash flow statement and other records examined by
us and the information and explanations given to us, on an overall
basis, short term funds have not been deployed in long term
xvi) The company has not made any preferential allotment of shares to
parties and companies covered in the register maintained under section
301 of the Companies Act, 1956 during the year.
xvii) The company has not issued debentures during the year.
xix) On the basis of our examination and according to the information
and explanations given to us, no fraud, on or by the company, has been
noticed or reported during the year.
The other clauses specified in paras 4 & 5 of The Companies (Auditors
Report) Order are not applicable to the company.
for P. CHANDRASEKAR
Place: Chennai S. BABU
Date: 30.6.2009 Partner
Membership No. 024136