Independent
Auditor’s Report
To the Members of
KAJARIA CERAMICS LIMITED
New Delhi
Report on the Financial Statements
8F IBWF BVEJUFE UIF BDDPNQBOZJOH mOBODJBM TUBUFNFOUT PG
M/s.
Kajaria Ceramics Limited
(the “Company”), which comprise the
#BMBODF 4IFFU BT BU .BSDI
UIF 4UBUFNFOU PG 1SPmU BOE
Loss and Cash Flow Statement for the year then ended, and a
TVNNBSZ PG TJHOJmDBOU BDDPVOUJOH QPMJDJFT BOE PUIFS FYQMBOBUPSZ
information, which we have signed under reference to this report.
Management’s Responsibility for the Financial Statements
The Company’s Management is responsible for the preparation
PG UIFTF mOBODJBM TUBUFNFOUT UIBU HJWF B USVF BOE GBJS WJFX PG UIF
mOBODJBM QPTJUJPO mOBODJBM QFSGPSNBODF BOE DBTI nPXT PG UIF
$PNQBOZ JO BDDPSEBODF XJUI UIF "DDPVOUJOH 4UBOEBSET OPUJmFE
under the Companies Act, 1956 of India (the “Act”), read with the
General Circular 15/ 2013 dated September 13, 2013 of the Ministry
of Corporate Affairs in respect of Section 133 of the Companies
Act, 2013. This responsibility includes the design, implementation
and maintenance of internal control relevant to the preparation
BOE QSFTFOUBUJPO PG UIF mOBODJBM TUBUFNFOUT UIBU HJWF B USVF BOE
fair view and are free from material misstatement, whether due to
fraud or error.
Auditor’s Responsibility
0VS SFTQPOTJCJMJUZ JT UP FYQSFTT BO PQJOJPO PO UIFTF mOBODJBM
statements based on our audit. We conducted our audit in
accordance with the Standards on Auditing and other applicable
authoritative pronouncements issued by the Institute of
Chartered Accountants of India. Those Standards require that
we comply with ethical requirements and plan and perform the
BVEJU UP PCUBJO SFBTPOBCMF BTTVSBODF BCPVU XIFUIFS UIF mOBODJBM
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence,
BCPVU UIF BNPVOUT BOE EJTDMPTVSFT JO UIF mOBODJBM TUBUFNFOUT 5IF
procedures selected depend on the auditors’ judgment, including
the assessment of the risks of material misstatement of the
mOBODJBM TUBUFNFOUT XIFUIFS EVF UP GSBVE PS FSSPS *O NBLJOH UIPTF
risk assessments, the auditors consider internal control relevant to
UIF $PNQBOZ T QSFQBSBUJPO BOE GBJS QSFTFOUBUJPO PG UIF mOBODJBM
statements in order to design audit procedures that are appropriate
JO UIF DJSDVNTUBODFT CVU OPU GPS UIF QVSQPTF PG FYQSFTTJOH BO
opinion on the effectiveness of the entity’s internal control. An audit
also includes evaluating the appropriateness of accounting policies
used and the reasonableness of the accounting estimates made by
Management, as well as evaluating the overall presentation of the
mOBODJBM TUBUFNFOUT
8F CFMJFWF UIBU UIF BVEJU FWJEFODF XF IBWF PCUBJOFE JT TVGmDJFOU
and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, and to the best of our information and according
UP UIF FYQMBOBUJPOT HJWFO UP VT UIF BDDPNQBOZJOH mOBODJBM
statements give the information required by the Act in the
manner so required and give a true and fair view in conformity
with the accounting principles generally accepted in India:
(i) in the case of the balance sheet, of the state of affairs of the
Company as at 31 March 2014;
JJ JO UIF DBTF PG UIF TUBUFNFOU PG QSPmU BOE MPTT PG UIF QSPmU
for the year ended on that date; and
JJJ JO UIF DBTF PG UIF DBTI nPX TUBUFNFOU PG UIF DBTI nPXT GPS
the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by ‘the Companies (Auditor’s Report) Order,
2003’, as amended by ‘the Companies (Auditor’s Report)
(Amendment) Order, 2004’, issued by the Central Government
of India in terms of sub-section (4A) of section 227 of the Act
(hereinafter referred to as the “Order”), and on the basis of
such checks of the books and records of the Company as we
considered appropriate and according to the information and
FYQMBOBUJPOT HJWFO UP VT XF HJWF JO UIF "OOFYVSF B TUBUFNFOU
PO UIF NBUUFST TQFDJmFE JO QBSBHSBQIT BOE PG UIF 0SEFS
2. As required by section 227(3) of the Act, we report that:
J
XF IBWF PCUBJOFE BMM UIF JOGPSNBUJPO BOE FYQMBOBUJPOT
which to the best of our knowledge and belief were
necessary for the purpose of our audit;
ii) in our opinion proper books of account as required by
law have been kept by the Company so far as appears
GSPN PVS FYBNJOBUJPO PG UIPTF CPPLT
JJJ
UIF #BMBODF 4IFFU 4UBUFNFOU PG 1SPmU BOE -PTT BOE
Cash Flow Statement dealt with by this Report are in
agreement with the books of account;
JW *O PVS PQJOJPO UIF #BMBODF 4IFFU 4UBUFNFOU PG 1SPmU
and Loss and Cash Flow Statement dealt with by this
SFQPSU DPNQMZ XJUI UIF "DDPVOUJOH 4UBOEBSET OPUJmFE
under the Act read with the General Circular 15/ 2013
dated September 13, 2013 of the Ministry of Corporate
Affairs in respect of Section 133 of the Companies Act,
2013; and
v) On the basis of written representations received from the
directors as on March 31, 2014 and taken on record by the
#PBSE PG %JSFDUPST OPOF PG UIF EJSFDUPST JT EJTRVBMJmFE BT
on March 31, 2014 from being appointed as a director in
terms of clause (g) of sub-section (1) of section 274 of the
Act.
For
O. P. Bagla & Co.
Chartered Accountants
Firm Regn No. 000018N
(Atul Bagla)
Place : New Delhi
Partner
Dated : 7th May, 2014
Membership No. 91885
51
Annual Report 2013-14
