Auditors Report

VENKATAPPAIAH & CO

              CHARTERED ACCOUNTANT

218, BHANU ENCLAVE, SUNDAR NAGAR, ERRAGADDA, HYDERABAD – 500 038 ____________________________________________________________________________________________________________________

AUDITOR’S REPORT

1. I have audited the attached Balance Sheet of AGROHA CO-OPERATIVE URBAN BANK LIMITED, D.no.21-1-974, 2^nd Floor, Opp High Court, Ghansi Bazar, Rikabgunj, Hyderabad as at 31^st March, 2021 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. My responsibility is to express an opinion on these financial statements based on my audit.

 

2. I conducted my audit in accordance with auditing standards generally accepted in India. Those standards require that i 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. I believe that my audit provides a reasonable basis for my opinion.

 

3. 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, I report that.

1. 1. 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 co-operative banks vide section 56 (z l) of the said Act.
   2. I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of my audit and have found them to be satisfactory.
   3. The transactions of the Bank, which have come to my notice, have been within the competence of the Bank.
   4. In my opinion, proper books of accounts as required bye-law have been kept by the Bank so far as it appears from my examination of those books.
   5. The Balance Sheet and Profit and Loss Account dealt with by this Report are in agreement with the books of accounts.
   6. The Balance Sheet and the Profit and Loss Account dealt with by this Report are, in my 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 of Accounts.
   7. In my opinion and to the best of my information and according to the explanations given to me, the said accounts read with the 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 31^st March, 2021 and

(ii)        in the case of the Profit and Loss Account, of the profit of the Bank for the year ended on that date.

 

        (DANTU VIJAY ADITYA)                        (SANJAY KUMAR PASARI)                (RATAN GUPTA)

                  DIRECTOR                                                   VICE-CHAIRMAN                           CHAIRMAN

     

                                                                                                                                       For Venkatappaiah & co

                                                                                                                                          Chartered Accountants

                                                                                                                                                 FRN:0004617S

      (D.LAKSHMANA RAO)                                                                                                                                           

CHIEF EXECUTIVE OFFICER                                                                                     

                                                                                                                                     K RAJA KRISHNA

                                                                                                                                                 Proprietor

                                                                                                                                               M.NO.217863

                                                                                                                            

Date: 30.06.2021                                               

Place: HYDERABAD