Amal Ltd 2014-15

49 *Out of the above, ` 50,000/- has been paid under protest by the Company towards dues. c) According to the information and explanations given to us, there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. viii) The accumulated losses of the Company are more than fifty percent of its net worth. Further, the Company has incurred cash losses during the financial year covered by our audit but not in the immediately preceding financial year. ix) According to the information and explanations given to us, the Company has not defaulted in repayment of dues to financial institution, bank or debenture holder. x) According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions. xi) The Company has not obtained any term loans. xii) During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of any such instance by the management. For Haribhakti & Co. LLP Firm Registration number 103523W Chartered Accountants Bhavik L Shah Mumbai Partner April 24, 2015 Membership Number 122071