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Ansal Properties & Infrastructure Ltd.

BSE: 500013 | NSE: ANSALAPI |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE436A01026 | SECTOR: Construction & Contracting - Housing

BSE Live

Sep 17, 16:00
8.94 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
22,537
10-Day
31,109
30-Day
75,291
20,869
  • Prev. Close

    8.94

  • Open Price

    9.09

  • Bid Price (Qty.)

    8.90 (761)

  • Offer Price (Qty.)

    9.02 (111)

NSE Live

Sep 17, 15:40
9.00 0.05 (0.56%)
Volume
AVERAGE VOLUME
5-Day
138,336
10-Day
177,533
30-Day
360,924
76,435
  • Prev. Close

    8.95

  • Open Price

    8.90

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    9.00 (1000)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Auditor's Report

1. We have audited the attached Balance Sheet of Ansal Properties Infrastructure Limited as at 31st March, 2006, the annexed Profit and Loss Account and Cash Flow Statement of the Company for the year ended on that date. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material mis-statement. 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 our opinion. 3. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order to the extent applicable. 4. Subject to our comments in the annexure referred to in paragraph 3 above, we report that :- a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit. b) 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 the books. c) The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of account. d) In our opinion, the Balance Sheet and Profit & Loss account dealt with by this report comply with Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956. e) On the basis of the written representations received from the directors, we report that none of the directors is disqualified as on 31st March, 2005, from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956 f) Sundry Debtors include Rs.699 lacs relating to Iraqi Project, which have not been realized for a long time (Refer Note 6). Subject to above comments in para f, wherein from the available information, we are unable to form an opinion on recoverability of the amount, the accounts read with Accounting Policies and other notes in our opinion and to the best of our information and according to the explanations given to us, 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 :- i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2006 and; ii) in the case of the Profit and Loss Account, of the profit for the year ended on that date, iii) in the case of Cash-Flow Statement, of Cash Flows for the year ended on that date. For KHANNA & ANNADHANAM CHARTERED ACCOUNTANTS Place : New Delhi (P.S. Pabreja) Dated : 29th June 2006 Partner Membership No.10692 ANNEXURE TO THE AUDITORS' REPORT (REFERRED TO IN PARAGRAPH 3 THEREOF) A. (a) The Company is In the process of updating records showing full particulars including quantitative details and situation of fixed assets. (b) Fixed assets have been physically verified by a firm of Chartered Accountants appointed by the Company. Discrepancies noticed on such verification have been properly dealt with in the books of account. (Refer Note 5) (c) The Company has not disposed off a substantial part of fixed assets during the year and hence the going concern assumption is not affected. 2. (a) As explained to us, physical verification of major items of building materials and stores has been carried out during the year. In our opinion, the frequency of verification is reasonable. b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. c) In our opinion and according to the information and explanations given to us, the Company is maintaining proper records of inventory. The discrepancies noticed on verification between physical stocks and book records were not material in relation to the operations of the Company. 3. (a) According to the information and explanations given to us, the company has not granted any loans, secured or unsecured to Companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4(iii) (b), (c) and (d) of the above said Order are not applicable to the Company. (b) According to the information and explanations given to us, the Company has taken loan of Rs.570.00 lacs and deposits of Rs.24.25 lacs from four parties covered in the register maintained under section 301 of the Companies Act, 1956. (c) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of such loans taken are not, prima facie, prejudicial to the interest of the Company. (d) The Company is regular in payment of principal and interest. 4. In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business with regard to the purchase of inventory and fixed assets and for the sale of goods and services. Further, on the basis of our examination of the books and records of the Company and according to the information and explanations given to us, we have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control procedures. 5. (a) According to information and explanation given to us and the books and records examined during the course of our audit, we are of the opinion that particulars of contracts or arrangements referred to in Section 301 of the Companies Act have been entered in the register required to be maintained under the section. (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered into the register in pursuance of section 301 of the Companies Act, 1956 and exceeding the value of Rs.5,00,000/- in respect of any party during the year have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. 6. In our opinion and according to the information and explanations given to us, the company has complied with the provisions of section 58A. 58AA or any other relevant provisions of the Companies Act,1956 and the Companies (Acceptance of Deposits) Rules, 1975 with regard to the deposits accepted from the public. According to the information and explanations given to us, in this regard, no order under aforesaid sections has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal on the Company. 7. In our opinion and according to the information and explanations given to us, the Company has an internal audit system which is commensurate with its size and nature of its business. 8. The Central Government has not prescribed the maintenance of cost records U/S209(1)(d) of the Companies Act, 1956 for any of the products of the Company. 9 (a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and other statutory dues, wherever applicable. (b) According to the information and explanations given to us and the records of the Company examined by us, the disputed amounts in respect of income-tax, sales tax, wealth tax, service tax, custom tax and excise duty/cess not deposited with the appropriate authorities are as follows. Sr.No. Name of Statute Nature of Dues Amount (Rs.in Lacs) (i) Income Tax miscellaneous 4.18 matters (ii) Income Tax Disallowance of 1884.00 expenses claimed & miscellaneous matters (iii) Income Tax Disallowance of 314.55 expenses claimed & miscellaneous matters (iv) Wealth Tax Re-computation 2.15 of deductions as per appeal order (v) Wealth Tax Re-computation 0.26 of deductions as per appeal order. (vi) Wealth Tax Re-computation 0.22 of deductions as per appeal order. (vii) Wealth Tax Re-computation 0.36 of deductions as per appeal order. (viii) Wealth Tax Re-computation 0.65 of deductions as per appeal order. (ix) Wealth Tax Re-computation 0.96 of deductions as per appeal order. (x) Wealth Tax Re-computation of 1.32 deduction as per appeal order. (xi) UP Sales Tax Additional 2.29 demand sales tax Sr. Assessment Forum where No. Year pending (i) 1995-96 Deputy Commissioner of Income Tax (Appeals) (ii) 1989-10.02.2000 Pending in Delhi High Court (iii) 2003-04 Deputy Commissioner of Income Tax (Appeals) (iv) 1992-93 Deputy Commissioner of Wealth Tax (v) 1993-94 Deputy Commissioner of Wealth Tax (vi) 1994-95 Deputy Commissioner of Wealth Tax (vii) 1995-96 Deputy Commissioner of Wealth Tax (viii) 1997-98 Deputy Commissioner of Wealth Tax (ix) 2000-01 Deputy Commissioner of Wealth Tax (x) 1999-2000 Deputy Commissioner of Wealth Tax (xi) 2003-2004 Jt. Commissioner Appeals Up Entry Trade Tax 10. The Company does not have any accumulated losses. The Company has not incurred cash losses during the financial year covered by .our audit and in the immediately preceding financial year. 11. According to the records of the Company examined by us and the information and explanations given to us, the Company has not defaulted in the repayment of dues to financial institutions and banks during the year. 12. According to the information and explanation given to us, the Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. The provisions of any special statute applicable to chit fund/nidhi/mutual benefit fund/societies are not applicable to the company. 14. In our opinion, the company is not a dealer or trader in shares, securities, debentures and other investments. 15. The Company has given guarantees for loans taken by other Companies from Banks or Financial Institutions during the year. In our opinion and based on the information and explanations received, the terms and conditions of the guarantees are not prejudicial to the interest of the Company. 16. In our opinion and according to the information and explanations given to us, term loans taken during the year were applied for the purpose for which they were obtained. 17. On the basis of an overall examination of the Balance Sheet of the Company, in our opinion, and according to the information and explanations given to us, there are no funds raised on short term basis which have been used for long term investments. 18. The Company has not made any preferential allotment of shares during the year to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956. 19. The Company has not issued any debentures during the year. 20. The Company has not raised any money by public issue during the year. 21. According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year. For Khanna & Annadhanam Chartered Accountants (P.S. Pabreja) Partner Membership No. 10692 Place: New Delhi Date : 29th June 2006