Cambridge Solutions Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the auditors of the Company have made the following observations:
Without qualifying their opinion, the Auditors draw attention to :
Note 1 to the unaudited financial results. The Company, has a net receivable (after eliminating payable) from Scandent Group Inc. (formerly Albion Inc.) and Cambridge Solutions Europe Ltd (formerly Scandent Network Europe Ltd), its wholly owned subsidiaries, of Rs 935 million (net of payable of Rs 145 million) and Rs 155 million (net of payable of Rs 122 million), respectively. The Company believes that these will be recovered / paid during the period ended March 31, 2008.
Without qualifying their opinion, the Auditors draw attention to :
Note 1 to the unaudited financial results. The Company, has a net receivable (after eliminating payable) from Scandent Group Inc. (formerly Albion Inc.) and Cambridge Solutions Europe Ltd (formerly Scandent Network Europe Ltd), its wholly owned subsidiaries, of Rs 935 million (net of payable of Rs 145 million) and Rs 155 million (net of payable of Rs 122 million), respectively. The Company believes that these will be recovered / paid during the period ended March 31, 2008.
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