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Balu Forge Industries Ltd.

BSE: 531112 | NSE: | Series: NA | ISIN: INE011E01029 | SECTOR: Machine Tools

BSE Live

Sep 17, 16:00
256.80 -4.30 (-1.65%)
Volume
AVERAGE VOLUME
5-Day
292
10-Day
295
30-Day
283
359
  • Prev. Close

    261.10

  • Open Price

    261.10

  • Bid Price (Qty.)

    258.65 (6)

  • Offer Price (Qty.)

    261.10 (175)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
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  • Prev. Close

    -

  • Open Price

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  • Bid Price (Qty.)

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Balu Forge Industries is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2010 2002

Auditor's Report

We have audited the attached Balance Sheet of M/s. BELL AGROMACHINA LTD, Jodalli, Tal.: Kalghatagi as on 31 st March 2010 and the Profit and Loss Account forthe year ended on that date annexed there to. These financial statements are the responsibility of the companys management. Our responsibility is to express an opinion on these financial stataments based on our audit. 1. We conducted our audit in accordance with auditing standards generally ac- cepted in India. Those Standards require that we plen and perform the audit to obtain reasonable assurance about whether the financial statements are free of material mis- statements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overal financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 2. As required by the companies (Auditors Report) order 2003 issued by the Central Government of India in terms of Section 227 (4A) of the of the Companies Act, 1956, we enclose in the Annexure hereto a statement on the meters specified in para- graphs 4 & 5 of the said order. 3. Further to our comments in the Annexure referred to in paragraph 2 above, we report that: a) We have obtained all the information and explanations which to the best of our knowledge and blief were necessary for the purpose of our audit: b) In our opinion, proper books ef account, as required by law, have been kept by the company, so far as appears from our examination of those books: c) The balance Sheet and Profit & Loss Account deal with by this report are in agreement with the books of account. d) In our opinion the Balance Sheet and Profit & Lose Account deal with by this report comply with the mandatory Accounting Standards referred in Section 211 (3C) of the Companies Act, 1856. e) In our opinion and based on information and explanation given to us, none of the directors are disqualified as or 31st March, 2010 from being appointed as directors in terms of section 274 (I) (g) of the Companies Act, 1956: f) In our opinion and to the best of our information and according to the explanation given to us. the accounts read togeather with the Significant Accounting Policies and other notes thore on give the information required by the Companies Act. 1956 in the manner so required, and present a true and fair view, in conformily with the accounting principtes generally accepted in India: (I) In so far as it relates to Balance Sheet, of the state of affairs of the Company as on 31st March. 2010 and (II) In so far as it rebles to the Profit and Loss Account, ot the Loss of the Company for the Year ended on that date, statement presentation. We believe that our audit provides a reasonable basis for our opinion. ANNEXURE TO AUDITORS REPORT OF BELL AGROMACHINA LTD., FOR THE YEAR ENDED 31st MARCH 2010 Referred to in paragraph 2 of our report of even date 1. In respect of its fixed assets : a) The company has maintained proper records showing full particulars inctuding quantitative details and situation of fixed assets on the basis of available information. b) As explained to us, the fixed assets have been physically verified by the man- agement at reasonable intervals.which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such physical verification. c) In our opinion, the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected. 2. In respect of loans. Secured or usecured. granted or taken by the company to/from companies, firms or other parties covered in the register maintained under section 301 ot the Companies Act. 1956: The company has taken unsecured loans from the other companies in the same group- The terms and conditions are not prejudicial to the interest of the company. 4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the company and nature of its business for the purchase of fixed assets. During the course of our audit, we have not observed any major weaknesses in internal controls. 5. In respect of transactions covered under Section 301 of the Companies Act, 1956, no irregularities noticed. 6. The Company has not accepted any deposits from the public. 7. The company has not done any business during the year. Hence, internal audit was not carried out. 8. The Central Government has not prescribed maintenance of Cost Records under Sec- tion 209 (1) (d) of the Companies Act. 1956. 9. (a) The company is regular In depositing the undisputed statutoty dues of Income tax and othar statutory dues with the appropriate authorities. There are no undisputed statutory dues including Provident fund, Investor Education and Protection Fund and Sales Tax, Employees State Insurance, Wealth Tax, Customs Duty, Excise Duty, Cess and other statutory dues. According to the information and the aforesaid no dues were outstanding as on 31 st March, 2010 for a period of more than six months from the date of becoming payble. For H. N. Adinavar & Co. Chartered Accountants Place: Hubli Sd/- H. N. Adinavar 18th Aug 2010 (Proprietor)