FORBES & COMPANY LIMITED
FINANCIAL STATEMENTS OF
SUBSIDIARY COMPANIES
FOR THE YEAR ENDED 2021-2022
FORBES & COMPANY LIMITED
Financial Statements of Subsidiary Companies
for the year ended
2021-2022
Contents
Sr. | Name of Company | Page No. | |
No. | |||
1 | Campbell Properties & Hospitality Services Limited | 1 - 35 | |
2 | EFL Mauritius Limited | 36 | - 65 |
3 | Forbes Bumi Armada Limited | 66 - 102 | |
4 | Forbes Campbell Finance Limited | 103 | - 149 |
5 | Forbes Campbell Services Limited | 150 | - 184 |
6 | Forbes Facility Services Private Limited | 185 | - 233 |
7 | Forbes Lux International AG | 234 | - 244 |
8 | Forbes Technosys Limited | 245 | - 298 |
9 | Lux del Paraguay S.A | 299 | - 303 |
10 | Lux Hungaria Kereskedelmi Kft | 304 | - 336 |
11 | Lux International AG | 337 | - 350 |
12 | Lux International Services & Logistics Gmbh | 351 | - 362 |
13 | Lux Oesterreich Gmbh | 363 | - 368 |
14 | Lux Professional SA | 369 | - 372 |
15 | Lux Schweiz AG | 373 | - 376 |
16 | Lux Welity Polska sp.zo.o | 377 | - 391 |
17 | Volkart Fleming Shipping & Services Limited | 392 | - 429 |
CAMPBELL PROPERTIES & HOSPITALITY SERVICES LIMITED
(a wholly owned subsidiary)
Financial Statements
For the Year ended March 31, 2022
Page 1 to 429
Page 2 to 429
Management's Responsibility for Financial Statements
The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance, (changes in equity)[v] and cash flows of the Company in accordance with[vi] the accounting principles generally accepted in India, including the accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate implementation and maintenance of accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
That Board of Directors are also responsible for overseeing the Company's financial reporting process.
The Board is also responsible for overseeing any amendments in Company's Act has been incorporated or not.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism during the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal controls systems in place and the operative effectiveness of such controls
Page 3 to 429
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Forbes & Company Limited published this content on 15 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 10:09:02 UTC.