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58 Kajaria Ceramics Limited
AUDITORS’ CERTIFICATE
ON COMPLIANCE WITH THE CONDITIONS OF
CORPORATE GOVERNANCE UNDER CLAUSE 49 OF THE LISTING AGREEMENT(S)
To
The Members of Kajaria Ceramics Ltd,
We have examined the compliance of conditions of
Corporate Governance by Kajaria Ceramics Ltd for the
year ended 31st March 2012, as stipulated in clause 49
of the Listing Agreement of the said with Stock
Exchanges.
The compliance of conditions of Corporate Governance
is the responsibility of the management.
Our examination was limited to review the procedures
and implementation thereof, adopted by the Company
for ensuring the compliance of the conditions of
Corporate Governance. It is neither an audit nor an
expression of opinion on the financial statements of the
Company.
In our opinion and according to the explanations given to
us, we certify that the Company has complied with the
conditions of Corporate Governance as stipulated in the
above-mentioned Listing Agreement.
We state that no investor grievance is pending for a
period exceeding one month against the Company as per
the records maintained by the Share Transfer and
Investors Grievance Committee.
We further state that such compliance is neither an
assurance as to future viability of the Company nor the
efficiency or effectiveness with which the management
has conducted the affairs of the Company.
For O P BAGLA & CO
Chartered Accountants
Atul Bagla
Place: New Delhi
Partner
Date: 27th April 2012
M No. 91885
59
Annual Report 2011-12
To
The Members of
Kajaria Ceramics Limited
Auditors’
Report
We have audited the attached Balance Sheet of
KAJARIA
CERAMICS LIMITED
as at 31st March, 2012 and also the
Statement of Profit & Loss and the Cash Flow Statement for
the year ended on that date. These financial statements are
the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial
statements based on our audit.
We have conducted our audit in accordance with auditing
standards generally accepted in India. Those standards
require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and
significant estimates made by the management, as well as
evaluating the overall financial statement presentation. We
believe that our audit provides a reasonable basis for our
opinion.
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 in terms of Section 227(4A) of the
Companies Act, 1956, we enclose in the annexure a
statement on the matters specified in the paragraphs 4 &
5 of the said order to the extent applicable to the
Company.
2. Further to our comments in the annexure referred to
above, we report that :-
a) We have obtained all the information and
explanations which to the best of our knowledge and
belief, were necessary for the purpose of our audit.
b) In our opinion, proper books of account as required
by law have been kept by the Company so far as
appears from our examination of such books.
c) The Balance Sheet, statement of Profit & Loss and
Cash Flow Statement dealt with by this report are in
agreement with the books of account.
d) In our opinion, the Balance Sheet, statement of Profit
& Loss and Cash Flow Statement dealt with by this
report comply with the applicable accounting
standards referred to in sub-section (3c) of section
211 of the Companies Act, 1956.
e) On the basis of written representations received from
the directors as on 31st March, 2012 and taken on
record by the Board of Directors, we report that none
of the directors of the Company is disqualified from
being appointed as Director as at 31st March, 2012 in
terms of section 274(1) (g) of the Companies Act,
1956.
f) In our opinion and to the best of our information and
according to the explanations given to us, the said
accounts read together with Significant Accounting
Policies and other Notes thereon, give the information
required by the Companies Act, 1956 in the manner
so required and give 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 31st March, 2012.
ii) In the case of the Statement of Profit & Loss of the
PROFIT of the Company for the year ended on that
date.
iii) In case of Cash Flow Statement of the cash flow of
the Company for the year ended on that date.
For O. P. Bagla & Co.
Chartered Accountants
Firm Registration No. 000018N
Atul Bagla
Place : New Delhi
Partner
Dated : 27 April 2012
Membership No. 91885