DASA & SHAH
4-3-378/B, IST FLOOR, DEVKA MAHAL, BANK STREET, HYDERABAD – 500 095 ____________________________________________________________________________________________________________________
- We have audited the attached Balance Sheet of AGROHA CO-OPERATIVE URBAN BANK LIMITED, D.no.21-1-974, 2nd Floor, Opp High Court, Ghansi Bazar, Rikabgunj, Hyderabad as at 31st March, 2023 and also the Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Bank’s management. Our responsibility is to express an opinion on these financial statements based on our audit.
- We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that the plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
On the basis of the audit indicated above and as required by the Banking Regulation Act, 1949, to the extent it is applicable to co-operative banks, we report that.
a. The Balance Sheet and Profit and Loss Account have been drawn up in accordance with the provisions of section 29 of the Banking Regulation Act, 1949, as applicable to cooperative banks vide section 56 (z l) of the said Act.
b. We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit and have found them to be satisfactory.
c. The transactions of the Bank, which have come to our notice, have been within the competence of the Bank.
d. In our opinion, proper books of accounts as required by-law have been kept by the Bank so far as it appears from our examination of those books.
e. The Balance Sheet and Profit and Loss Account dealt with by this Report are in agreement with the books of accounts.
f. The Balance Sheet and the Profit and Loss Account dealt with by this Report are, in our opinion, in compliance with the Accounting Standards issued by the Institute of Chartered Accountants of India; subject to Note No.10 of Schedule-17: Notes to Accounts.g. In our opinion and to the best of our information and according to the explanations given to our, the said accounts read with Principal Accounting Policies and Notes on Accounts particularly.
give a true and fair view
(i) in the case of the Balance Sheet, of the state of affairs of the Bank as at 31st March, 2023 and
(ii) in the case of the Profit and Loss Account, of the profit of the Bank for the year ended on that date.
For DASA AND SHAH
CHIEF EXECUTIVE OFFICER
HEMENDRA V SHAH