Manac presentation

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Manac presentation

  1. 1. Analysis of Auditor’s andDirector’s report Of NESTLE INDIA LIMITED<br />Presented by<br />ANKIT MISHRA-91123<br />ARCHIT SINGH-91127<br />AYUSHMAN ROY CHOUDHARY-91128<br />DINESH JOSHI-91131<br />PRIYANSH SHARMA-91148<br />SHASHI RANJAN-91156<br />
  2. 2. What is auditing?<br />Checking the books of accounts of a company whether the books are of true and fair view.<br />
  3. 3. Role of auditor’s report<br />Important role in ensuring financial discipline in a company<br />
  4. 4. Role of Director’s report<br />Annual score card of the performance of company management.<br />
  5. 5. SUMMARISING AUDITOR’S REPORT<br /><ul><li>All the necessary information for the purpose of auditing was provided by the company .
  6. 6. None of the directors have been disqualified from being appointed.
  7. 7. Proper Accounting Standards are followed.
  8. 8. Internal audit system commensurate with the size and nature of the business.</li></li></ul><li>SUMMARISING AUDITOR’S REPORT CONT….<br />The auditor has not commented against the company in any of 21 matters (MAOCARO) <br />The auditor found the books of accounts of company to be true and fair view.<br />The auditor’s report is a clean report.<br />
  9. 9. SUMMARISING DIRECTOR’S REPORT<br />FINANCIAL RESULTS AND OPERATIONS:<br />Statutory change in Accounting policy<br />Increase in Gross Revenue and net profit.<br />No shares have been issued in this financial year.<br />Domestic sales grew by 14.1% during the year.<br />EXPORTS:<br />Export sales for the year has grown by 17.5% in volume terms.<br />
  10. 10. SUMMARISING DIRECTOR’S REPORT CONT…<br />DIVIDENDS:<br />Two interim dividends were paid during 2001 i.e.,Rs.14/share<br />BUSINESS DEVELOPMENT:<br />Launch of new products in the market<br />Expand distribution<br />Reduction in manufacturing costs<br />Improvement in customer service<br />Improve freshness of stock and reduce working capital<br />
  11. 11. THANK YOU<br />

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