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AUDITOR'S
REPORT ON THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2005.
The Shareholders,
BNB Securities Ltd,
Thimphu,
Bhutan
We have audited the attached Balance Sheet of BNB
Securities Limited as at 31st December, 2005 and
Profit & Loss Account of the Company for the
year ended on that date and report as follows:-
1. Our examination was made in accordance with the
generally accepted auditing standard and accordingly
included such tests of accounting records and other
auditing procedures, as we considered appropriate
for the purpose of our audit.
2. We have obtained all the information and explanations,
which to the best of our knowledge and believe were
necessary for the purpose of our audit.
3. In our opinion proper books of accounts have
been kept by the Company so far as it appears from
our examinations of those books.
4. The Company has complied with the various provisions
of the Financial Institution Act 1992 and other
applicable laws, rules & regulations, systems,
procedures and practices except otherwise stated
else where in this report.
5. The Balance Sheet and the Profit & Loss Account
dealt with by this report have been prepared on
the basis of generally accepted accounting principles
and are in agreement with the books of account.
The said accounts give the information required
by the generally accepted accounting standard and
principles, in the manner so required and a true
and fair view:
a) In case of the Balance Sheet, of the state of
affairs of the Company as at 31st December, 2005
and
b) In case of the Profit & Loss Account of the
profit of the Company for the year ended on that
date.
Date: 23.03.06 For
T K GHOSE & CO.
Place: Kolkata
CHARTERED
ACCOUNTANTS |
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