haldiram foods international ltd annual report 2005

8/9/2019 Haldiram Foods International Ltd Annual Report 2005

1/10

SANSCO

SERVICES - Annual Reports Library Services -

www.sansco.net

ASRAWAL CHHALLANI 4 CO.,

CHARTERED ACCOUNTANTS,

Byramji

Town,

NA6PUR-440001.

PH. NO. 2544250. 2544253.

AUDITORS' REPORT TO THE MEMBERS OF HALDIRAM FOObS INTEENUTIONAL LIMITED

To

The

Members

of :

HALDIRAM

FOODS INTERNATIONAL

LIMITED.

Report on the accounts for the year ended on 31

st

March,

2 5

in compliance with

Section 227(2)

of the Companies Act,

1956.

We have audited the attached

Balance

Sheet of HALDIRAM FOODS

INTERNATIONAL LIMITED, as at 31*

March,

2005 and also the

Profit

and Loss

/Account for the year ended on

that

date annexed

thereto

and the Cash

Flow

Statements

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.

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.

1 As required by the Companies (Auditor's Report)

Order,

2003 as amended by the

Companies

(

Auditor's Report

)

Amendment Order, 2004, 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 and 5 of the said Order.

2 Further to our

comments

in the Annexure referred to 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 thosj

F o r B a l d i r a m F o o d s

I n t e r n a t i o n a l

Limits

D i r e c t o r

w w w . r e p o r t j u n c t i o n . c o m

http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


2/10

SANSCO SERVICES - Annual Reports Library Services - www.sansco.net

A6RAWAL

CHHALLANI CO.,


(c) The Balance Sheet and Profit and Loss Account dealt with by this report

are in

agreement with

the

books

of

accounts;

(d) 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

(3C)

of

Section

211 of the

Companies Act, 1956,

to the

extent

applicable;

(e) On the basis of written representations received from the

directors/companies, as at

31

st

March, 2005

and

taken

on

record

by the

Board of

Directors,

we

report that none

of the

directors

is

disqualified

as

at 31

st

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) In our

opinion

and to the best of our information and according to the

explanations

given

to us, the said 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 31

st

March, 2005;

(ii) In the case of the Profit and Loss Account, of the Profit for the

year

ended on that

date;

and

(iii)

In the

case

of Cash Flow

Statement,

of the Cash Flows for the

year

ended on that date.

For.

A6RAWAL CHHALLANI A Co.,


( S.R. CHHALLANI )

Nagpur

PARTNER.

Dated

J&M* July,

2CX»5v

0

o^ M. NO.

30154.


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


3/10

SANSCO SERVICES

-

Annual

Reports Library

Services

-

w ww.sansco.net

ASRAWAL

CHHAUANI

CO..


ANNEXURE

TO THE AUDITORS'

REPORT

;

[

Referred

to in Paragraph 1 of our Report of even date on the Accounts for the year

ended

31 March, 2005 of

HALOIRAM

FOODS INTERNATIONAL LIMITED ].

(i) The

Company

is maintaining proper records showing

full

particulars including

quantitative details and situation of Fixed

Assets.

(ii) A substantial portion of the fixed

assets

have been physically verified by the

management

during

the

year

and in our

opinion

the

frequency

of

verification

is

reasonable having regard to the size of the Company and the nature of its

assets.

No material discrepancies were noticed on such physical verification.

(iii)

Fixed

Assets

disposed

off during the year were not substantial. According to the

information and

explanations

given to us, we are of the

opinion

that the

disposal

of

fixed assets has not affected the going concern status of the Company.

(iv)

The

inventory

has been

physically

verified during the

year

by the

management.

In

our opinion,

the

frequency

of

verification

is

reasonable.

(v)

The

procedures

of

physical

verification

of

inventories followed

by the

management

are reasonable and adequate in relation to the size of the Company and the nature

of its business.

(vi)

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 the

book records were

not

material

and

have been properly dealt with in the books of account.

(vii) The Company has taken

loans

from Companies listed in the Register maintained

under Section

301. The

Number

of

parties

is 12 and the

amount involved

in the

transactions is Rs. 74.98 Lacs. The Company has not granted

loans

to Companies

listed in the Register maintained under Section

301.

(viii) The rate of interest and other terms and conditions of the unsecured

loans

taken

from

Companies

listed in the Register maintained under Section 301 are not

prejudicial to the

interest

of the company. The Company has been regular in

payment of principal and interest amount. There are no over-dues.

(ix) In our opinion and according to the information and explanations given to us, there

are adequate internal control procedure commensurate with

the size of the

Company and the nature of its business with regard to purchase of inventory and


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


4/10


A6RAWAL CHHALLANI A

CO..

CHARTERED

ACCOUNTANTS,

fixed

assets.

During the course of our

audit,

we

have

not observed any continuing

failure to correct major weaknesses in the internal controls.

(x) Based on the audit procedures applied by us and according to the information and

explanations provided

by the management, we are of the

opinion that

there are no

transactions that need to be entered into the register maintained under Section

301 of the Companies

Act, 1956.

(xi)

In our

opinion

and

according

to the

information

and

explanations given

to us, the

Company has not taken any deposits from public as such not required to comply with

the

provisions

of

Section

58A and

58A A

of the

Companies Act, 1956

and the

Companies

( Acceptance of Deposits ) Rules,

1975,

with regard to deposits

accepted

from

the public.

(xii) In our opinion, the Company has an internal audit system commensurate with its

size and nature of its business.

(xiii) The Central

Government

has not prescribed the maintenance of cost records under

section

209(l)(d)

of the

Companies

Act, 1956.

(xiv) According to the records of the Company, Provident Fund, Investor, Education and

Protection Fund, Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax,

Customs Duty,

Excise

Duty, Cess and other Material statutory dues applicable to it

have

been

generally regularly deposited during the year with the appropriate

authorities. According to the information and explanations given to us, no

undisputed amounts payable in

respect

of

above

were in

arrears,

as at 31

st

March,

2005

for a period of more than six months from the date on which they became

payable.

(xv) According to the

records

of the

Company, there

are no

disputed Sales-Tax,

Income-Tax,

Customs

Duty, Wealth tax,

Excise

Duty

or Cess

which

have not been

deposited on

account

o f dispute.

(xvi) The Company does not

have

any

accum ulated

losses at the end of the financial year

and has not incurred cash losses during the financial year covered by our audit and

the immediately preceding financial year.

(xvii) In our

opinion

and according to the information and explanation given to us, the

Company has not defaulted in repayment of dues to a financial institution, bank or

debenture holders.




5/10


ASRAWAL

CHHALLANI

CO..

CHARTERED

ACCOUNTANTS,

(xviii) Based on our examination of the records and the information and explanations

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.

(xix)

In our opinion the Company is not a

chit

fund or a nidhi /mutual

benefit

fund/society. Therefore the

provisions

of

clause

4(xiii) of the

Companies

( Auditor's Report) Order, 2003 are not applicable to the

Company.

(xx) In our

opinion

the Company is not

dealing

in or

trading

in shares,

securities,

debentures and other investments. Accordingly, the provisions of clause 4(xiv) of

the Companies (Auditor's Report) Order, 2003 are not applicable to the Company.

(xxi) In our opinion, the Company has not given guarantees for

loans

taken by others

from

banks or financial

institutions.

(xxii) In our opinion, the term loans have been applied for the purpose for which they

were

raised. During

the

year

no

term loan

is

raised.

(xxiii)

According to the information and explanations given to us and on an overall

examination of the balance sheet of the Company, we

report

that no

funds

raised

on short-term

basis

have been used for

long-term investment.

(xxiv) According to the information and explanations given to us, 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.

(xxv) The Company has not

raised

any

secured debentures during

the year,

(xxvi)

The

Company

has not raised any

money

through public

issue

during the year.

(xxvii)

According to the

information

and

explanations

given to us, no fraud on or by the

Company has been

noticed

or

reported during

the course of our

audit.

For,

A6RAWAL

CHHALLANI 4

Co.,


(

S.R. CHHALLANI

)

P^TNER.

M.

NO.

30154.


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


6/10

SANSCO SERVICES

-

Annual Reports Library Services

-

www.sansco.net

A6RAWAL

CHHAUANI

& CO..

CHARTERED ACCOUNTANTS.

BYRAMJI TOWN, NA6PUR 440 001.

PH.

2544250; 2544253.

HAIDIRAM

FOODS

INTERNATIONAL LIMITED NAfiPUR.

BALANCE

SHEET

AS AT 31 ST MARCH.

2005.

n

m

A

a

b

c

d

PARTICULARS

SCHEDULES

SOURCES

OF FUND :

SHAREHOLDERS'

FUNDS

:

Share Capital. A

Reserves

Surplus.

B

Shore Application

Money.

Pending Allotment.

I

Rs.

LOAN FUNDS :

Secured

Loans.

C

Unsecured Loans.

D

H

Rs.

DEFERRED T-«* ' VOTI TTTES :

m

R S

.

TOTAL

( TO m)

R*.

APPLICATIONS OF FUND :

FIXED

ASSETS E

6ross Block.

Less: Depreciation.

Net Block.

Add: Capital

W-I-P. Advances

Deposits.

I

Rs.

INVESTMENT:

F

IT'

Rs.

NET

CURRENT ASSETS

CURRENT ASSETS: LOANS A ADVANCES • 6

Inventory.

Sundry

Debtors.

Cash Bank

Balances.

Loans Advances.

A

R«.

31.03.2005

17,145,000

233,007,671

6,491,000

256,643.671

70,570,304

143,441,282

214,011,586

48,868,437

48.868.437

519.523.694

407,628,829

69,787,876

337,840,953

91,277,839

429.118,792

37,400

37.400

29,615,000

50,903,024

40,119,816

21,498,400

142.136.240

31.03.2004

16,945,000

203.726,107

7,231,000

227,902.107

74,449,923

100,089,050

174,538.973

19,435,032

19.435.032

421,876.112

300,538,782

53,458,553

247,080,229

100,491,443

347,571.672

37,400

37.400

39,490,000

33,211,395

29,522,431

20.918,087

123.141,913

D i r e c t o r


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


7/10


ACRAWAL CHHALLANX « CO.


31.03.2005

a

Current

Liabilities,

b Provisions.

H

B Rs.

( A - B ) mRs.

TOTAL I TO

IH

) Rs.

31.03.2004

47 765 797

4 002 941

51,768.737

46 808 544

2 066 329

48,874.873

90.367,502

74,267,040

519.523.694

421 876 112

A6RAWAL

CHHALLANI 4

CO.,

CHARTERED

ACCOUNTANTS.

SIGNIFICANT

ACCOUNTIN6 POLICIES

AND

NOTES

TO THE ACCOUNTS

P

Schedules A to H and P

referred

to above forms an

ntegral part

of the Balance

Sheet.

For

and on

behalf

of

Haldiram Foods

Intl.

Ltd.

• As per our

report

of

even

date attached.

For.ASRAWALCHHAlkANIACO.,


(

RAJENORAKUMAR

S. ASRAWAL )

(

S.R.

CHHALLANI)

PAR TNER.

M.NO.

30154.

for,

flakJiram Foods I n te n t i ona l

Limi

Limited


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


8/10

SANSCO SERVICES

- A n n u a l Reports Library Services - w w w .sansco.net

A6RAWAL

CHHALLANI

A

CO..

CHARTERED

ACCOUNTANTS.

BVRAMJI

TOWN,

NA6PUR 440 001.

PH.

2544250;

2544253.

HAtDIRAM

FOODS

INTERNATIONAL

LIMTED NA6PUR.

PROFIT AND LOSS ACCOUNT.

FOR

THE YEAR

ENDED 31ST

MARCH.

2005

PARTICULARS

INCOME:

Soles

/ Income

From

Operation.

Other Income.

EXPENDITURE

:

Coat Of

6oods

Consumed /

Sold.

Payments & Benefits To Employees.

Manufacturing

Expenses.

Other

Expenses.

PROFIT

BEFORE

INTEREST

A

DEPRECIATION:

Less: Inerest.

PROFIT

BEFORE

DEPRECIATION

A

TAX:

Less

Depreciation.

PROFIT BEFORE TAX:

Less: Income Tax.

PROFIT

AFTER TAX:

Less

Deferred Tax.

Wealth Tax.

PROFIT

:

Add

: Income Offered Under Search:

Financial

Year

2004 - 05.

Financial Year 2003

- 04.

PROFIT :

Add :

Profit

Brought Forward.

PROFIT

:

Less

. APPROPRIATIONS:

Interim

/

Final

Dvidend.

Dvidend

Tax.

general

Reserve.

PROFIT

CARRIED FORWARD :

SI6NIFICANT ACCOUNTIN6

POLICIES

AND

NOTES

TO THE

ACCOUNTS

:

31.03.2008

31.03.2004

I

J

Rs.

K

L

M

1

NT

Rs.

Rs.

O

1

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

P

710,175.235

1,964,732

712.139.967

459,201,303

12,279,581

127,058.372

49,541,634

648.060.891

64.059.076

1,959,828

62.099.249

16,754,290

45.344.999

3,555.612

41.789.347

29,433,405

12.355.942

800.000

700,000

13.855.942

46,172,802

60.028,744

3,389,000

447,329

3,000,000

6.836.329

623,666.759

1,353,692

625.020.451

415,589,200

10,246,645

107,977,042

48,134,392

581.947.279

43,073.172

2,571,912

40,501.260

13,535.783

26,965.477

2,066,329

24,899.148

8,313,569

14,136

16,571,443

16.571.443

36,396,936

52.968.379

3,364,500

431.077

3,000,000

6,795,577

53,192,415

46.172.802

Schedules J

to

P and Q referred to

above

forms an ntegral part of the Profit 4

Loss

Account

For and on behalf of Haldiram

Foods

Inl.

Ltd.

>

As per our

report

of

even

date attached.

( RAJEKIDRAKUMAR S. A6RAWAL )

For, A6RAWAL

CHARTEREI

ANI

4

CO.,

IOUNTANTS.

( S.R.

CHHALLANI)

PARTNER.

M.NO.

30154.

Food.


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


9/10

SANSCO SERVICES

-

Annual Reports Library Services

-

www.sansco.net

A6RAWAL CHHALLANI A

CO..

CHARTERED

ACCOUNTANTS.

BYRAMJI TOWN,

NA6PUR 440

001.

PH. 2544250; 2544253.

DETAT1

5

fHEET

TO

BALANCE

SHEET

AS AT

SCHEDULE

A

SHARE CAPITAL

I AUTHORISED

SHARE CAPITAL

:

5,000,000

Equity Shares of Rs. 10/-each.

Rs.

II

ISSUED.

SUBSCRIBED

AND

PAID

UP

SHARE CAPITAL

17,14,500 Equity Shares of Rs.

10/-

each

fully

Paid Up in Cash.( Previous Year 16,94,500 Shares.)

TOTAL A

Rs.

SCHEDULE B

RESERVES AND SURPLUS :

I

SECURITIES

PREMIUM RESERVE

As

Per

Last Balance Sheet.

Add:

Received

During

The Year.

I

Rs

II CAPITAL SUBSIDY FROM O.I.C. :

As

Per

Last Balance Sheet.

II

Rs

III 6RANT FROM APEOA :

As Per

Last

Balance

Sheet.

Add:

Received During The Year.

I

Rs

IV

6ENERAL

RESERVE

=

As

Per Last Balance Sheet.

Add'.Transferred For The

Year.

H

Rs

For,

Haktiram

F o o d s International

limitod

Mnotar

AND

PROFIT

AND LOSS

ACCOUNT.

31ST MARCH. 2005.

31.03.2005 31.03.2004

50,000,000

50,000,000

50.000.000

17,145,000

17.1,45,000

80,305,000

9,800,000

90,105.000

2,000,000

2,000,000

790,641

790.641

27,000,000

3,000,000

30,000.000

̂

*(

\qk - <

50.000.000

16,945,000

16,945.000

80,305,000

80.305.000

2,000,000

2.000,000

495,387

295,254

790,641

24,000,000

3.000,000

27.000.000




10/10


A6RAWAL CHHALLANI « CO..

CHARTERED

ACCOUNTANTS.

V

SALES TAX

INCENTIVE

CAPITAL RESERVE :

As

Per Lost

Balance

Sheet.

Add:Transferred FOP

The

Year.

M

m

VI

PROFIT

AND

LOSS

ACCOUNT :

Surplus

As Per Profit And Loss Account.

Rs.

IV Rs.

TOTAL

B

( I TO VI )

Ri.

31.03.2009

47.457,664

9,461,951

53.19Z.415

31.03.2004

41,571,304

5,886,360

96.919,615

47.497,664

46,172,802

53.192 419 46.172.802

233.007,671 203.726.107

SCHEDULE

C

SECURED LOANS

I TERM LOAN

=

FROM S.B.I.. H.I.E. BRANCH.

NA6PUR.

FCNRB.

32,366,040

42,095,250

Rs.

32,366,040

42.099,290

II WORION6 CAPITAL LOAN

FROM

S.B.I.. H.I.E.

BRANCH.

NA6PUR.

Aooinst

HYP. Of

Stocks

A Books Debts.

FCNRB.

Hngna - Cash

Credit A/c.

No.

01600005153.

Itwari - Cash Credit A/c. No. 01600005579.

»H

TOTAL

C ( I * )

SCHEDULE

D

UNSECURED

LOANS =

From

Directors.

From Others.

From Punjab National Bank

CM:

Overdraft Due To Reconciliation.

SBIC/A - Water

Park

-

Bank O/D.

TOTAL D

Rs.

Rs.

-

24,173,516

14,030,748

38.204.264

70,570.304

23,386.250

388,793

8,579,630

32,394.673

74.449.923

418,176

114,157,064

27,471,479

1,394,563

300,529

99,788,521

Rs.

143.441.282 100.069.090
http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/

haldiram foods international ltd annual report 2005

Documents