Hindustan Dorr Oliver Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
As mentioned in note 3 to the Statement of Unaudited Financial Results for the quarter ended June 30, 2007 and qualified in our audit report to the shareholders for the year ended March 31, 2007, the Auditors are unable to express an opinion as to when and to what extent overdue debtors and retention money aggregating to Rs 731.03 lacs would be realized. The management is, however, hopeful of recovering the aforesaid amount as the efforts are being made to recover the amount and no provision is considered necessary.
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