Manav Yarn Products 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:
Net worth of the Company as per the latest audited balance sheet as on March 31, 2007 was amounting to Rs 23,22,945/- (Shareholders fund stood at Rs 6,49,37,879/- & there was accumulated loss amounting to Rs 6,26,14,934/-) & advance paid for office premises at New Mumbai amounting to Rs 3,84,000/- may be recoverable at the value stated if realized in the ordinary course of business.
Net worth of the Company as per the latest audited balance sheet as on March 31, 2007 was amounting to Rs 23,22,945/- (Shareholders fund stood at Rs 6,49,37,879/- & there was accumulated loss amounting to Rs 6,26,14,934/-) & advance paid for office premises at New Mumbai amounting to Rs 3,84,000/- may be recoverable at the value stated if realized in the ordinary course of business.
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