form b covering letter of the annual audit report to be filed with the stock … · 2014-09-12 ·...
TRANSCRIPT
Form B
Covering Letter of the Annual Audit Report to be filed with the Stock Exchanges
1. Name of the
Company
ETT Limited
2. Annual financial
statements for the
year ended
March 31, 2014
3. Type of Audit
qualification
Qualified/ Subject to/ Except for
4. Frequency of
qualification
Repetitive in respect of Observation (ii) regarding Entry Tax from the financial year 2010-11
Repetitive in respect of Observation (ii) regarding Income Tax from the financial year 2012-13
5. Draw attention to
relevant notes in
the annual
financial
statements and
management
response to the
qualification in
the Directors
Report
(i) Auditors’ Observations in Annexure to Auditors’ Report
Point No. (ix)(b): According to the information and explanations given to us there are no
undisputed amounts payable in respect of statutory dues like Provident Fund, Employees’ State
Insurance, Income Tax, VAT, Service Tax and Cess etc. outstanding for a period of more than
six months at 31st March 2014 from the date they became payable except as given below:
Name of
the Statute
Nature of the
Dues
Amount
(Rs.)
Period to
which the
amount
relates
Due Date Date of
Payment
Haryana
Municipal
Corporation
Act,1994
Property Tax 3,58,000/- F.Y
2007 – 2008
to 2013-2014
F.Y
2007 – 2008
to 2013-2014
Not Paid till
date
Management Response on abovestated Auditors’ Observations
As regards the above observation of Auditors, the Board clarifies that the Company has made
the payment of applicable Property Tax along with interest, with appropriate authorities, after
the Balance Sheet date.
(ii) Auditors’ Observations in Annexure to Auditors’ Report
Point No. (ix)(c): According to the information and explanations given to us there is no
disputed amount payable in case of Provident Fund, Employees’ State Insurance, Income Tax,
Service Tax, VAT, Customs Duty, Cess etc. except as given below:
Name of
the Statute
Nature of
the Dues
Amount
(Rs.)
Period to
which the
amount
relates
Forum where dispute is
pending
Commercial
Taxes under
UPVAT Act,
2007
Entry Tax 36,295/- F.Y
2007 – 2008
Assistant Commissioner,
Ward – 3, Commercial
Tax, Noida
Commercial
Taxes under
UPVAT Act,
2007
Sales Tax 1,46,996/- F.Y
2009 – 2010
Assistant Commissioner,
Ward – 3, Commercial
Tax, Noida
Income Tax
Act, 1961
Income Tax 286,237/- A.Y
2010 – 2011
Commissioner of Income
Tax, Appeal - II, Income
Tax Office, New Delhi
Management Response on abovestated Auditors’ Observations
In the opinion of the Board, the comment of the Auditors read with the Note no. 34 of
Notes to Financial Statements is self explanatory and do not warrant any specific
clarification.
6. Additional
comments from
the Board/Audit
Committee chair
Nil
for and on behalf of ETT Limited
Sd/- Sd/- Sd/-
Sandeep Sethi Gurupreet Sangla Harjit Singh Kalra
Managing Director Jt. Managing Director Chairman – Audit Committee
DIN: 00053915 DIN: 00036988 DIN: 00047314
for VSD & Associates for L.D. Saraogi & Co.
Chartered Accountants Chartered Accountants
F.R.No. 008726N F.R.No. 005524N
Sd/- Sd/-
(Vinod Sahni) (Jitender Saraogi)
Partner Partner
M.No. 086666 M.No. 502337