Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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The Byke Hospitality Ltd.

BSE: 531373 | NSE: BYKE |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE319B01014 | SECTOR: Hotels

BSE Live

Jan 25, 16:00
34.30 -0.30 (-0.87%)
Volume
AVERAGE VOLUME
5-Day
18,321
10-Day
69,190
30-Day
40,006
10,825
  • Prev. Close

    34.60

  • Open Price

    33.60

  • Bid Price (Qty.)

    34.30 (500)

  • Offer Price (Qty.)

    36.40 (100)

NSE Live

Jan 25, 15:55
34.60 -0.10 (-0.29%)
Volume
AVERAGE VOLUME
5-Day
107,386
10-Day
333,208
30-Day
150,201
116,264
  • Prev. Close

    34.70

  • Open Price

    35.40

  • Bid Price (Qty.)

    34.60 (175)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2009 2008

Auditor's Report

We have audited the attached Balance Sheet of Suave Hotels Limited (the Company) as at March 31,2009 the Profit and Loss Account and also the Cash Flow Statement for the year ended on that date annexed thereto, 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. We have 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 included 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. Further to our comments, we report that: 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: 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. The Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by this report are in agreement with the books of account. In our opinion, the Balance Sheet, the Profit and Loss Account and the Cash Flow Statements dealt with by this report comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956. On the basis of written representations received from the Directors and taken on record by the Board of Directors, we report that none of the directors are disqualified as on March31 2009 form being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956. In our opinion and to the best of our information and according to the explanations given to us, the accounts 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 March 31,2009 ii) In the case of Profit and Loss Account of the profit 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. 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 paragraph 4 & 5 of the said order. We further report that Annexure to the Auditors Report: - Annexure referred to in Para 3 of our report of even date to the members of Suave Hotels Limited (i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b) Fixed Assets have been physically verified by the management according to the regular programe of periodical verification in phased manner which in our opinion is reasonable having regard to the size of the company and the nature of its fixed assets. The discrepancies on such physical verification were not material. (c) No substantial part of fixed assets has been disposed off during the year, which has bearing on the going concern assumption. (ii) (a) In our opinion and according to the information and Explanations given to us, Inventories were physically verified during the year by the management at reasonable intervals. (b) The procedures of physical verification of inventories followed by the management were reasonable and adequate in relation to the size of the company and the nature of its business (c) The company has maintained proper records of its inventories and ho material discrepancies were notice on physical verification. (iii) (a) 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 Act. (b) The Company has not taken any loans, secured or unsecured form companies, firms or other parties covered in the register maintained under Section 301 of the Act. (iv) In our opinion and according to the information and explanation given to us, there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regard to purchases, fixed assets and sales. During the course of our audit, no major weakness has been noticed in the internal controls. (v) In our opinion and according to the information and explanations given to us, there are no contracts or arrangements referred to in Section 301 of the Act that need to be entered in the register required to be maintained under that section. (vi) The Company has not accepted any deposits from the public within the meaning of Sections 58A, 58AA or any other relevant provisions of the Act and the rules framed there under. (vii) In our opinion, the Companys present internal audit system is commensurate with its size and the nature of its business. (viii) Maintenance of cost records has not been prescribed by the Central Government under clause (d) of sub section (1) of section 209 of the Companies Act, 1956. (ix) (a) According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues applicable to it. (b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, wealth tax, sales tax, and any other statutory dues as at the balance sheet date for a period of more than six months from the due date. (x) The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the Financial year and in the immediately preceding financial year. (xi) The Company has not defaulted in repayment of any dues to financial institutions or bank or debenture holders (xii) According to the information and explanations given to us, the Company has not given any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. (xiii) In our opinion and according to the information and explanations given to us, the Company is not a chit fund or a nidhi/mutual benefit fund/society. (xiv) .(a) In our opinion and based on the information & explanation given to us the company is maintaining proper record of the transactions and contracts of dealing in shares and securities and that timely entries have been made in these records (b) In our opinion and based on the information & explanation given to us, the Shares and securities have been held by the company in its own name. (xv) 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. (xvi) The Company has not received any term loan during the year. (xvii) In our opinion and based on the information & explanation given to us, funds raised by the Company on short-term basis have, prima facie, not been used during the year for long-term investment and vice versa. (xviii) The company has issued 15,00,000 equity shares of Rs. 10/-each at a premium of Rs. 18/- against warrants to parties & companies covered in the register maintained under section 301 of the companies act,1956. (xix) The company has not issued any debentures during the year. (xx) The company has not raised any money by public issue during the year. (xxi) In our opinion and based on the information & explanation given to us by the management, no fraud on or by the company was noticed or reported during the year. For S;K. Patodia & Associates Chartered Accountants sd/- Sunil Patodia Partner Mumbai, Aug 25, 2009 Membership No.: 045489