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Annexure B
to the Independent Auditor’s Report
Referred to in para 12 under ‘Report on other legal and
regulatory requirements’ Section of our report of even date
01. a) The Company has maintained proper records
showing full particulars, including quantitative
ēĚƥîĿŕƙ îŠē ƙĿƥƭîƥĿūŠ ūlj ǛNJĚē îƙƙĚƥƙȦ
ċȴ ¹ĺĚ ūŞƎîŠNj ĺîƙ î ƎƑūijƑîŞ ūlj DŽĚƑĿǛČîƥĿūŠ ūlj
ǛNJĚē îƙƙĚƥƙ ƥū ČūDŽĚƑ îŕŕ ƥĺĚ ĿƥĚŞƙ ĿŠ î ƎĺîƙĚē
manner over a period of 3 years which, in our
opinion, appears generally reasonable having
regard to the size of the Company and the nature
of its assets. Pursuant to the program, certain
ǛNJĚē îƙƙĚƥƙ DžĚƑĚ ƎĺNjƙĿČîŕŕNj DŽĚƑĿǛĚē ċNj ƥĺĚ
Management during the year. According to the
information and explanations given to us, whilst
ƑĚČūŠČĿŕĿîƥĿūŠ ċĚƥDžĚĚŠ ƎĺNjƙĿČîŕ DŽĚƑĿǛČîƥĿūŠ ƑĚƎūƑƥ
îŠē ǛNJĚē îƙƙĚƥƙ ƑĚijĿƙƥĚƑ ljūƑ ČĚƑƥîĿŠ ċƭĿŕēĿŠijƙȡ
ūljǛČĚ ĚƐƭĿƎŞĚŠƥ îŠē ljƭƑŠĿƥƭƑĚƙȡ ĚƥČ Ŀƙ ƭŠēĚƑ
progress, the discrepancies noted are,
prima
facie,
not material.
c) According to the information and explanations
given to us and the records examined by us and
based on the examination of the registered sale
deed | transfer deed | conveyance deed provided
to us, we report that, the title deeds, comprising
all the immovable properties of land and acquired
buildings which are freehold, are held in the name
of the Company as at the Balance Sheet date,
except the following:
Particulars
of land and
building
Carrying value
as at March
31, 2019
Name of entity
on the title deed
Freehold land
`
0.15 cr
Atul Products Ltd
Freehold land
`
3.85 cr
Land purchased
from various
individuals is in
process of being
transferred in
the name of the
Company
Freehold land
- Investment
properties
`
ǦȦǯǪ ČƑ
Atul Products Ltd
Building in
Delhi
`
0.02 cr
Atul Products Ltd
In respect of land that have been taken on lease
and disclosed as property, plant and equipment
in the Standalone Financial Statements, the
lease Agreements are in the name of the
Company, where the Company is the lessee in
the Agreement. There are no buildings that have
been taken on lease.
02. As explained to us, the inventories were physically
DŽĚƑĿǛĚē ēƭƑĿŠij ƥĺĚ NjĚîƑ ċNj ƥĺĚ qîŠîijĚŞĚŠƥ îƥ
reasonable intervals and no material discrepancies
DžĚƑĚ ŠūƥĿČĚē ūŠ ƎĺNjƙĿČîŕ DŽĚƑĿǛČîƥĿūŠȦ
03. According to the information and explanations given
to us, the Company has granted an interest free
unsecured loan to Amal Ltd [Pursuant to an Order of
the Board for Industrial and Financial Reconstruction]
covered in the register maintained under Section 189
of the Companies Act, 2013. The Company has not
ijƑîŠƥĚē îŠNj ŕūîŠƙȡ ƙĚČƭƑĚē ūƑ ƭŠƙĚČƭƑĚēȡ ƥū ǛƑŞƙȡ
Limited Liability Partnerships or other parties covered
in the register maintained under Section 189 of the
Companies Act, 2013.
In respect of aforesaid loans:
a) The terms and conditions of the grant of such
loans are, in our opinion, not prejudicial to interest
of the Company.
b) The schedule of repayment of principal and
payment of interest has been stipulated and
repayments or receipts of principal amounts and
interest have been regular as per stipulations.
c) There is no overdue amount remaining outstanding
as at the Balance Sheet date.
ǦǪȦ TŠ ūƭƑ ūƎĿŠĿūŠ îŠē îČČūƑēĿŠij ƥū ƥĺĚ ĿŠljūƑŞîƥĿūŠ îŠē
explanations given to us, the Company has complied
with the provisions of Sections 185 and 186 of the
Companies Act, 2013 in respect of grant of loans,
making investments and providing guarantees and
securities, as applicable.
05. According to the information and explanations given to
us, the Company has not accepted any deposit during
the year. In respect of unclaimed deposits, the Company
has complied with the provisions of Sections 73 to 76
or any other relevant provisions of the Companies Act,
2013.
ǦǬȦ ¹ĺĚ ŞîĿŠƥĚŠîŠČĚ ūlj Čūƙƥ ƑĚČūƑēƙ ĺîƙ ċĚĚŠ ƙƎĚČĿǛĚē
ċNj ƥĺĚ ĚŠƥƑîŕ HūDŽĚƑŠŞĚŠƥ ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǪǮȳǧȴ ūlj ƥĺĚ
Companies Act, 2013. We have broadly reviewed the
cost records maintained by the Company pursuant to
ƥĺĚ ūŞƎîŠĿĚƙ ȳ ūƙƥ ¤ĚČūƑēƙ îŠē ƭēĿƥȴ ¤ƭŕĚƙȡ ǨǦǧǪȡ
as amended prescribed by the Central Government
ƭŠēĚƑ ¬ƭċȹƙĚČƥĿūŠ ȳǧȴ ūlj ¬ĚČƥĿūŠ ǧǪǮ ūlj ƥĺĚ ūŞƎîŠĿĚƙ
Act, 2013, and are of the opinion that, prima facie,
the prescribed cost records have been made and
maintained. We have, however, not made a detailed
examination of the cost records with a view to
determine whether they are accurate or complete.
07. According to the information and explanations given to
us, in respect of statutory dues:
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
ǧǧǪ
Atul Ltd | Annual Report 2018-19