Tirupati Starch & Chemicals 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:
1. The figures for quarter and Nine Months ended on December 31, 2007 are taken from the unaudited financial results as furnished by the Company and for quarter and Nine Month ended on December 31, 2006 are given on the basis of our earlier review alongwith the figures as reviewed and as regrouped as were necessary the extent information available from the published statement.
2. The goods sent on consignment are treated as sales.
3. No provision for taxation and Adjustment for deferred tax as required by the Accounting Standard 22 has been made in respect of period ended on December 31, 2007. It is stated that it (if any) will be made at the year end.
1. The figures for quarter and Nine Months ended on December 31, 2007 are taken from the unaudited financial results as furnished by the Company and for quarter and Nine Month ended on December 31, 2006 are given on the basis of our earlier review alongwith the figures as reviewed and as regrouped as were necessary the extent information available from the published statement.
2. The goods sent on consignment are treated as sales.
3. No provision for taxation and Adjustment for deferred tax as required by the Accounting Standard 22 has been made in respect of period ended on December 31, 2007. It is stated that it (if any) will be made at the year end.
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