Letterhead of _________________________

Date:
To
(Name & Address of Auditors)
Dear Sir,
This representation letter is provided in connection with your audit of the
financial statements of _________________________________ for the year ended
______________ for the purpose of expressing an opinion as to whether the
financial statements give a true and fair view of the financial position of
___________________________________ as of ______________ and of the
results of operations for the year then ended. We acknowledge our responsibility
for preparation of financial statements in accordance with the reuirements of the
!ompanies "ct, #$%& and recogni'ed accounting policies and practices, including
the "ccounting Standards issued by the (nstitute of !hartered "ccountants of (ndia.
)age # of #*
We confirm, to the best of our knowledge and belief, the following
representations+
ACCOUNTING POLICIES:
#. The accounting policies which are material or critical in determining the
results of operations or financial position for the year are set out in the
financial statements and are consistent with those adopted in the financial
statements for the previous year.
The financial statements are prepared on accrual basis.
"ll the relevant accounting standards issued by an (nstitute of !hartered
"ccountants of (ndia which are applicable to our !ompany have duly
been complied with.
ASSETS
*. The !ompany has a satisfactory title to all assets and there are no liens or
encumbrances on the !ompany,s assets
Except for those that are disclosed in Note X to the financial
statements.
FIXED ASSETS
)age * of #*
-. The net book values at which fixed assets are stated in the balance sheet
are arrived at+
a. after taking into account all capital expenditure on additions thereto,
but not the expenditures properly chargeable to revenue/
b. after eliminating the cost and accumulated depreciation relating to
items sold, discarded, demolished or destroyed.
c. after providing adeuate depreciation on fixed assets during the
period.
CAPITAL COITENTS
0. "t the balance sheet date, there were no outstanding commitments for
capital expenditure
Excepting those disclosed in Note X to the financial statements.
IN!ESTENTS
%. The current investments as appearing in the balance sheet consist of only
such investments as are by their nature readily reali'able and intended to
be held for not more than one year from the respective dates on which
they were made.
There are no 1ong2term investments.
)age - of #*
6. Current investments have been valued at the lower of cost and fair
value. Long-term investments have been valued at cost except that an!
permanent diminution in their value has been provided for in
ascertaining their carr!ing amount.
". #n respect of offers of right issues received during the !ear the rights
have either been subscribed to or renunciated or allowed to lapse. #n
no case have the! been renunciated in favour of third parties without
consideration which has been properl! accounted for in the boo$s of
account.
%. &ll the investments produced to !ou for ph!sical verification belong to
the entit! and the! do not include an! investments held on behalf of
an! other person.
'. (he entit! has clear title to all its investments including such
investments which are in the process of being registered in the name of
the entit! or which are not held in the name of the entit! and there are
no charges against the investments of the entit! except those appearing
in the records of the entit!.
)age 0 of #*
IN!ENTO"IES
#3. (nventories at the year end consisted of the following
4aw 5aterials 6including components. 4s.
Work2in )rocess 4s.
7inished 8oods 6including by2products. 4s.
5aintenance supplies and Stores and Spare )arts 4s.
1oose Tools 4s.
9thers 6specify each ma:or head separately. 4s.
22222222222222222Total
4s.
22222222222222222
##. "ll uantities were determined by actual physical count or weight or
measurement that was taken under our supervision and in accordance with
written instructions, on _________________.
#
$%ere &%'si(a) *erifi(atio+ of i+*e+tories is (arried out at a date ot%er t%a+
t%e ()osi+, date- t%is &ara,ra&% ma' .e modified as .e)o/:0
I+*e+tories re(orded i+ t%e .oo1s as at 2222222222 (date of .a)a+(e
s%eet) a,,re,ati+, to "s322222222222222 are .ased u&o+ t%e &%'si(a)
i+*e+tories ta1e+ as at 2222222 (date of &%'si(a) *erifi(atio+) .' a(tua) (ou+t-
/ei,%t or measureme+t3 T%e materia) dis(re&a+(ies +oti(ed o+ &%'si(a)
*erifi(atio+ of sto(1s as (om&ared to .oo1 re(ords %a*e .ee+ &ro&er)' dea)t
/it% i+ t%e .oo1s of a((ou+t a+d su.se4ue+t tra+sa(tio+s re(orded i+ t%e
a((ou+ts fair)' ref)e(t t%e (%a+,es i+ t%e i+*e+tories u& to 2222222 (5a)a+(e
s%eet date)3
)age % of #*
)*. "ll goods included in the inventory are the property of the entity, none of the
goods are held as consignee for others or as bailee, and none of the goods
are sub+ect to an! charge other than charge to ,an$ for -or$ing Capital
.acilities.
)/. "ll inventories owned by the entity, wherever located, have been recorded,
including goods sent on consignment.
)0. (nventories do not include goods sold to customers for which delivery is yet
to be made.
)1. (nventories have been valued on the following basis ; bases+
2aw materials 3including components4
-or$-in 5rocess
.inished goods 3including b!-products4
6aintenance supplies and 7tores and 7pares parts
Loose (ools
8thers 3specif! each ma+or head separatel!4
6(n describing the basis ; bases of valuation, the method of ascertaining
the cost 6eg. 7(79, "verage !ost or 1(79. should also be stated.
Similarly, the extent to which overheads have been included in the cost
should also be stated..
)6. (he following provisions have been made in respect of excess slow-
moving damaged or obsolete inventories and these in our view are
ade9uate.
_____________
_____________
)age & of #*
)". <o item of inventories has a net reali'able value in the ordinary course of
business which is less than the amount at which it is included in inventories.
)%. The basis ; bases of valuation is ; are the same as that ; those used in the
previous year, except as set out below:-
Class of inventor! ,asis of ;aluation Effect of change
in ,asis of
valuation
(his !ear Last !ear
---- ---- ---- ----
---- ---- ---- ----
DE5TO"S- LOANS AND AD!ANCES
)'. The following items appearing in the books as at __________ 6date of the
=alance Sheet. are considered good and fully recoverable with the
exception of those specificall! shown as <doubtful= in the ,alance 7heet.
Sundry Debtors 4s.
1oans and "dvances 4s.
OT6E" CU""ENT ASSETS
*>. (n the opinion of the =oard of Directors, other current assets have a value on
reali'ation in the ordinary course of the company,s business which is atleast
eual to the amount at which they are stated in the balance sheet.
Except as stated in Note X to the financial statements.
LIA5ILITIES
)age > of #*
*). We have recorded all known liabilities in the financial statements.
**. $e %a*e dis()osed i+ +otes to t%e fi+a+(ia) stateme+ts a)) ,uara+tees
t%at /e %a*e ,i*e+ to t%ird &arties a+d a)) ot%er (o+ti+,e+t )ia.i)ities3
*/. !ontingent 1iabilities disclosed in the notes to the financial statements do
not include any contingencies which are likely to result in a loss and which,
therefore, reuire ad:ustment of assets or liabilities.
*0. The !ompany has ? has not extended corporate guarantee to secure the
liability of any other company in the same group or otherwise or to any other
person or entity.
&s detailed in Note X to the ,alance 7heet.
LOANS & AD!ANCES
*1. The !ompany has granted ? not granted loan to the !ompanies, firms or
other persons covered under the register maintained u;s.-3#.
*6. The !ompany has ta$en ? not ta$en any loan from the !ompanies, firms, or
other persons covered under the register maintained u;s.-3#
*". The rate of interest and other terms and conditions on which loan has been
taken from ; granted to companies, firms or other parties listed in the register
maintained u;s.-3# are not, prima facie, pre2:udicial to the interest at the
!ompany.
*%. The !ompany is regular on paying the principal amounts as stipulated and
has been regular in the payment at interest. The parties have repaid the
)age ? of #*
principal amounts as stipulated and have been regular on payment of
interest.
*'. There is no overdue amount at loans taken from or granted to companies,
firms or other parties listed in the register maintained u;s.-3# at the
!ompanies "ct, #$%&.
/>. The company has not accepted any deposits from the public.
P"O!ISIONS FO" CLAIS AND LOSSES
/). )rovision has been made in the accounts for all known losses and claims of
material amounts.
/*. There have been no material events subseuent to the balance sheet date
which reuire ad:ustment of, or disclosure in, the financial statements or
notes thereto.
P"OFIT AND LOSS ACCOUNT
//. @xcept as disclosed in the financial statements, the results for the year were
not materially affected by+
a. transactions of a nature not usually undertaken by the company/
b. circumstances of an exceptional nature or non2recurring nature/ ot%er
t%a+ t%ose dis()osed i+ Notes o+ A((ou+ts3
c. charges or credits relating to prior years/
d. changes in accounting policies
)age $ of #*
/0. (he following have been properl! recorded and when appropriate
ade9uatel! disclosed in the financial statements@
a. Losses arising from sale and purchase commitments
b. &greements and options to bu! bac$ assets previousl! sold.
c. &ssets pledged as collateral.
/1. There have been no irregularities involving management or employees who
have a significant role in the system of internal control that could have a
material effect on the financial statements.
/6. The financial statements are free of material mis2statements, including
omissions.
/". The company has complied with all aspects of contractual agreements that
could have a material effect on the financial statements in the event of non2
compliance. There has been no non2compliance with reuirements of
regulatory authorities that could have a material effect on the financial
statements in the event of non2compliance.
/%. We have no plans or intentions that may materially affect the carrying value
or classification of assets and liabilities reflected in the financial statements.
)age #3 of #*
/'. The company is regular in depositing with appropriate authorities, the
undisputed statutory dues including )7, (@)7, @S(, (ncome Tax, Sales Tax,
!ustoms Duty, Wealth Tax, @xcise Duty, !ess and other statutory dues
applicable to it.
0>. There is no undisputed amount payable in respect of (ncome Tax, Wealth
Tax, Sales Tax, !ustoms Duty, @xcise Duty were outstanding as at
______________ and during the year no amount has been deposited on
account at any dispute.
0). The company has not defaulted on payment at any dues including interest to
the banks and financial institutions and debenture holders.
0*. (he compan! has maintained ade9uate records where the compan! has
granted loans and advances on the basis of securit! b! wa! of pledge of
shares debentures and other securities.
0/. (he compan! has not granted an! loans and advances on the basis at
securit! b! wa! of pledge of shares debentures and other securities.
00. There are no frauds that has been noticed during the year ending
_______________.
)age ## of #*
01. There are no preferential allotments of shares to the parties and companies
covered in the registers maintained u;s.-3# for the year ending
______________.

06. The company has not issued any debentures.
0". The company has not raised any money by way of pubic issues during the
year.
Thanking you
Aours faithfully
For 2222222222222222222222222

)age #* of #*