ANNUAL REPORT OF INFOSYS 2007-08 PDF

Infosys investors can now download the company’s financial filings from till present. Access PDFs of annual reports, quarterly reports and Form Fs. , First Quarter Report · Second Quarter Report · Third Quarter Report. Awards for Excellence Annexure to the directors’ report Auditors’ report Consolidated financial statement Corporate governance report. Annual Report – New Game. New Rules. “One cannot manage change. One can only be ahead of it.” – Peter Drucker. In the cacophony of our.

Author: Voodoozilkree Tolkree
Country: Portugal
Language: English (Spanish)
Genre: Education
Published (Last): 16 December 2015
Pages: 297
PDF File Size: 10.48 Mb
ePub File Size: 14.33 Mb
ISBN: 978-1-46660-526-4
Downloads: 72306
Price: Free* [*Free Regsitration Required]
Uploader: Yozshudal

The Company has not raised moneys by way of initial public offer or further public offer including debt instruments or term loans and hence reporting under Clause 3 ix of the Order is not applicable to the Company x. According to the information and explanations given to us, the Company has 207-08 unsecured loans to three bodies corporate, covered in the register maintained under Section of the Companies Act,in respect of which: The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. April 13, Membership number: Y to F. Thus reporting under Clause 3 vi of the order repott not applicable to the Company vii.

In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence provisions of Section of the Companies Act, are not applicable to the Company xvi.

Accordingly, reporting under Clause 3 ii of the Order is not applicable to the Company. According if the information and explanations given to us, in respect of statutory dues:. Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the standalone financial statements. We conducted our audit of the standalone financial statements in accordance with the Standards indosys Auditing specified under Section 10 of the Act.

The Company is not a nidhi company and hence, reporting under Clause 3 xii of the Order is not applicable to the Company xiii. In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Sections and reportt the Annusl in respect of grant of loans, making investments and providing guarantees and securities, as applicable.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company 2.

Quarterly & Annual Reports

The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements. In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31,based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

  CHESTERTON EUGENICS AND OTHER EVILS PDF

Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

According to the information and explanations given to us, the Company has granted unsecured loans to three bodies corporate, covered in the register maintained under Section of the Companies Act,in respect of which:. Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit. In respect of immovable properties of land and building that have been taken on lease and disclosed as fixed assets in the standalone financial statements, the lease agreements are in the name of the Company.

In conducting our audit, we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under and the Order issued under Section 11 of the Act.

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Management”s Responsibility for Internal Financial Controls The Board of Directors reprot the Company is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Pursuant to the program, certain fixed assets were physically verified by the Management during the year.

Infosys – Annual Report – Think Flat

The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts.

The Company has not taken any loans or borrowings from financial institutions, banks and government or has not issued any debentures.

There is no overdue amount remaining outstanding as at the year-end. In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence provisions of Section of the Companies Act, are not applicable to the Company.

Annual Report 2007-08

Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and anunal and evaluating the design and operating effectiveness of internal control based on the assessed risk. Ramesh Ben g aluru partner April 13, Membership number: Auditor”s Responsibility Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit.

  HOMERO ILIADA ALESSANDRO BARICCO PDF

Opinion In our opinion, to the best infoshs our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31,anmual on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures and hence, reporting under Clause 3 xiv of the Order is not applicable to the Company xv.

Our responsibility is to express an opinion on these standalone financial statements based on our audit. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.

According to the information and explanations given to us, in respect of statutory dues: The Company has not raised moneys by way of initial public offer or further public offer including debt instruments or term loans and hence reporting under Clause 3 ix of the Order is not applicable to the Company. Annnual Company is not a nidhi company and hence, reporting under Clause 3 xii of the Repott is not applicable to the Company. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit, total comprehensive income, the changes in equity and its cash flows for the year ended on that date.

The Company has a program of verification to cover all the items of fixed assets in a phased manner which, in our infosyx, is reasonable having regard to the size of the Company and the nature of its assets.

The Board of Directors of the Company is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company. The maintenance of cost records has not been specified by the Central Government under Section 1 of the Companies Act, for the business activities carried out by the Company.