Annexure to the
Auditor’s Report
Annexure referred to in Paragraph 1 of the Auditors’ Report on Accounts for the year ended 31st March, 2014
1.
a) The Company has maintained proper records to show
full particulars including quantitative details and
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periodical manner, which in our opinion is reasonable,
having regard to the size of the Company and nature
of its assets. No material discrepancies were noticed
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c)
In our opinion, the Company has not disposed off a
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and the going concern status of the Company is not
affected.
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management at reasonable intervals in respect of
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was made on the basis of volume and density which
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b) In our opinion and according to the information
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management is reasonable and adequate in relation
to the size of the Company and the nature of its
business.
c)
In our opinion the Company is maintaining proper
records of inventories. The discrepancies noticed on
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been properly dealt with in the books of account.
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or other parties covered in the register maintained under
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`
307.38 million
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the loan are not Prima facie prejudicial to the interest of
Company. There are no overdue balances outstanding in
relation to the loans as on 31.03.2014.
4.
The Company has not taken any loan from companies,
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under section 301 of the Act.
5.
In our opinion and according to the information and
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control system commensurate with the size of the
Company and the nature of its business with regard to
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sale of goods and services. During the course of audit, we
have not observed any continuing failure to correct major
weaknesses in internal control system.
6.
a) In our opinion and according to information and
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to be entered in the register maintained under section
301 of the Act have been entered in the register.
b) In our opinion, the transactions made in pursuance
of contracts/ arrangements entered in the register
maintained under Section 301 of the Companies Act,
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`
500,000 in respect
of each party during the year have been made at
prices which appear reasonable as per information
available with the Company.
7.
In our opinion and according to the information and
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any deposits within the meaning of provisions of section
58A, 58AA or any other relevant provisions of the
Companies Act, 1956 and the Companies (Acceptance of
Deposits) Rules, 1975.
8.
In our opinion and according to the information and
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internal audit system commensurate with its size and
nature of its business.
9.
The central government has prescribed the maintenance
of cost records under section 209(1)(d) of the Companies
Act, 1956 in respect of the manufacturing activities of the
Company. We have broadly reviewed the accounts and
records of the Company in this connection and are of the
opinion, that prima facie, the prescribed accounts and
records have been made and maintained. We have not,
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Kajaria Ceramics Limited
