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a) The Company has been regular in depositing
undisputed statutory dues, including provident
fund, employees’ state insurance, income tax,
customs duty, cess, goods and services tax and
other material statutory dues applicable to it to
the appropriate authorities.
b) There were no undisputed amounts payable
in respect of provident fund, employees’ state
insurance, income tax, customs duty, cess, goods
and services tax and other material statutory
dues in arrears as at March 31, 2019 for a period
of more than 6 months from the date they became
payable.
c) There are no disputed dues of customs duty
and goods and service tax which have not been
deposited as on March 31, 2019. Details of dues
of income tax and excise duty which have not
been deposited as on March 31, 2019 on account
of disputes are given below:
Name of statute Nature of
dues
Forum where dispute is
pending
Period to which the
amount relates
Amount
unpaid (
`
cr)
Amount paid
under protest
(
`
cr)
Income Tax Act,
1961
Income tax Commissioner of Income Tax
(Appeals)
Assessment year
1999-2000, 2011-12
1.28
0.91
Income Tax Appellate Tribunal
2010-11
*
0.87
The Central
/NJČĿƙĚ Čƥȡ ǧǯǪǪ
and Chapter V of
the Finance Act,
ǧǯǯǪ
Excise duty
and service
tax
Commissioner (Appeals)
1993-2016
0.97
0.05
Customs, Excise and Service
Tax Appellate Tribunal
1992-2018
7.19
ǦȦǪǪ
High Court
ǧǯǯǪȹǯǫ
3.53
-
Customs Act,
1962
Customs
duty
Commissioner (Appeals)
ǧǯǯǪȹǨǦǦǯ
3.19
-
High Court
2017-18
1.76
-
*
`
16,000
08. In our opinion and according to the information and
explanations given to us, the Company has not
defaulted in the repayment of loans or borrowings
ljƑūŞ ǛŠîŠČĿîŕ ĿŠƙƥĿƥƭƥĿūŠƙȡ ċƙ îŠē ijūDŽĚƑŠŞĚŠƥȦ ¹ĺĚ
Company has not issued any debentures.
09. 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 (ix) of the Order is not applicable.
10. To the best of our knowledge and according to the
information and explanations given to us, no fraud by
the Company and no material fraud on the Company
ċNj Ŀƥƙ ūljǛČĚƑƙ ūƑ ĚŞƎŕūNjĚĚƙ ĺîƙ ċĚĚŠ ŠūƥĿČĚē ūƑ
reported during the year.
11. In our opinion and according to the information and
explanations given to us, the Company has paid |
provided managerial remuneration in accordance with
the requisite approvals mandated by the provisions of
Section 197 read with Schedule V to the Companies
Act, 2013.
12. The Company is not a Nidhi Company and hence
reporting under Clause (xii) of the Order is not
applicable.
13. In our opinion and according to the information and
explanations given to us the Company is in compliance
with Section 177 and 188 of the Companies Act,
2013, where applicable, for all transactions with
the related parties and the details of related party
transactions have been disclosed in the Standalone
Financial Statements, etc as required by the applicable
accounting standards.
ǧǪȦ 'ƭƑĿŠij ƥĺĚ NjĚîƑȡ ƥĺĚ ūŞƎîŠNj ĺîƙ Šūƥ ŞîēĚ îŠNj
preferential allotment or private placement of shares
or fully or partly convertible debentures and hence
reporting under Clause (xiv) of the Order is not
applicable to the Company.
15. 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 Directors of its subsidiary company or
persons connected with them and hence provisions
of Section 192 of the Companies Act, 2013 are not
applicable.
16. The Company is not required to be registered under
¬ĚČƥĿūŠ ǪǫȹT ūlj ƥĺĚ ¤ĚƙĚƑDŽĚ  ūlj TŠēĿî Čƥȡ ǧǯǩǪȦ
For Deloitte Haskins & Sells LLP
Chartered Accountants
Firm registration number: 117366W | W-100018
Samir R. Shah
Mumbai,
Partner
April 26, 2019
Membership number: 101708
115
Standalone
|
Independent Auditor’s Report