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Dhruv Estates Ltd.

BSE: 507886 | NSE: | Series: NA | ISIN: INE780E01011 | SECTOR: Construction & Contracting - Civil

BSE Live

Sep 09, 16:00
10.29 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
112
10-Day
142
30-Day
210
50
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    10.29

  • Open Price

    10.29

  • Bid Price (Qty.)

    10.29 (100)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
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    -

  • Open Price

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  • Bid Price (Qty.)

    - (0)

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Dhruv Estates is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2009 2008 2007

Auditor's Report

1. We have audited the attached Balance Sheet of DHRUV ESTATES LIMITED (The Company) as at 31st March, 2008 and the Profit and Loss Account for the year ended on that date annexed thereto and Cash Flow statement for the year ended on that date which we have signed under reference to this report. 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. 2. 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 statements 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 our opinion. 3. As required by the Manufacturing and Other Companies (Auditors Report)Order, 2003 issued by the Central Government of India in terms of section 227 (4A) of the Companies Act, 1956 of India (the Act) and on the basis of such checks as we considered appropriate and according to the information and explanation given to us, we setout in the Annexure a statement on the matters referred to in paragraphs 4 and 5 of the said order. 4. Further 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 purposes 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 those books; (C) The Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the Books of Account; (d) In our opinion, the Balance Sheet, Profit and Loss Account and the Cash Flow Statement dealt with by this report have been prepared in compliance with the applicable accounting standards as referred to in Section 211 (3c) of the Act; (e) On the basis of the written representation received from the Directors as on March 31, 2008, and taken on record by the Board of Directors of the Company, none of the directors is disqualified as on March 31, 2008 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Act. (f) In our opinion and to the best of our information and according to the explanations given to us, the Balance Sheet, Profit and Loss Account and the Cash Flow Statement, together with Significant Accounting Policies and other notes thereon and annexed thereto give in the prescribed manner the information required by the Act and also 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 31 st March, 2008 and ii) in the case of the Profit and Loss Account, of the Loss for the year ended on that date and iii) in the case of the Cash Flow Statement, of the cash Flows for the year ended on that date. ANNEXURE TO THE AUDITORS REPORT (Referred to in paragraph (3) of the Auditors Report of even date to the members of Dhruv Estates Limited on the Financial statements for the year ended March 31, 2008) 1) In our opinion and according to the information and explanation given to us, the fixed assets have been disposed off during the year under audit. 2) The property under development of the Company have been physically verified by the management at the close of the year and in our opinion, the frequency of such verification is reasonable. 3) The Company has not taken/granted any loans, secured or unsecured, from/to companies, firms or other parties listed in the Register maintained under Section 301 of the Act or from/to companies under the same management as defined under the Section 370 (1B) of the Act. 4) In our opinion and according to information and explanations given to us, the transactions that need to be entered into the Register in pursuance of Section 301 of the Act, have been so entered. 5) The Company has given Interest free loan or advances in the nature of loans to employees and they are repaying the principal amount as stipulated. 6) 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 the nature of its business. 7) The Company has not accepted any deposits from the public during the year. 8) In our opinion, present coverage of Internal audit together with the present internal control system is adequate and commensurate with the size of the Company and the nature of its business. 9) In our opinion, the Company is not a dealer or trader in shares, securities, debentures and other invest- ments. 10) In our opinion and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions during the year. 11) Provident Fund dues have been regularly deposited with the appropriate authorities during the year. We have been informed that the provisions of Employees State Insurance Act, 1948, are not applicable to the Company. 12) Based on the information and explanations given to us and on an overall examination of the Balance Sheet of the Company, in our opinion, there are no funds raised on a short term basis which have been used for long term investment and vice versa. 13) There are no undisputed amounts payable in respect of Income Tax, Wealth Tax and Sales-Tax outstand- ing as at 31st March, 2008 for more than six months from the date they became payable. The Company has no liability with regard to the payment of customs duty and excise duty. 14) The Company has no accumulated losses as at March 31, 2008 and it has incurred cash losses during the financial year ended on that date. 15) In our opinion and as per the explanations given to us, the Company has not charged any personal expenses to revenue account other than those payable under contractual obligations or in accordance with generally accepted business practice. 16) In our opinion and according to the information and explanations given to us. no fraud by the Company and no significant fraud on the Company has been noticed or reported by the Management during the year, that ultimately causes the financial statements to be materially misstated. 17) Other clauses of the said Order are not applicable to the Company. For PANKAJ B. MEHTA & CO. Chartered Accountants Sd/ Place : Mumbai PANKAJ B. MEHTA Dated : 29-07-2008 Proprietor Membership No. 30048