dues including provident fund, employees’ state
insurance, income-tax, sales-tax, service tax, duty of
customs, duty of excise, value added tax, cess and any
other statutory dues with the appropriate authorities.
As informed to us there are no outstanding statutory
dues in arrears as at the last day of the financial year
concerned for a period of more than six months from
the date they became payable.
b) Details of dues of service tax which have not been
deposited on account of disputes is given below:
Particulars Amount
Demanded
(Crores)
Remarks
Service Tax
1.13 Appeal pending with
Commissioner (Appeals)/CESTAT
viii) Based on our audit procedures and on the basis of information
and explanations given to us by the management, we are of
the opinion that there is no default in repayment of loans
or borrowings to the financial institutions and banks as at
the year end. There are no loans from Government and the
company has not issued any debentures.
ix) As explained to us term loans obtained during the year were
applied for the purpose for which the loans were obtained by
the company. The company has not raised any money during
the year by way initial or further public offer.
x) Based upon the audit procedures performed and information
and explanations given by the management, we report that,
no fraud by the Company or on the company by its officers or
employees has been noticed or reported during the course of
our audit for the year ended 31.03.2016.
xi) According to information and explanations given to us, the
managerial remuneration paid and provided by the company
during the year is in accordance with the requisite approvals
mandated by the provisions of section 197 read with Schedule
V of the Companies Act 2013.
xii) The provisions of clause (xii) of the Order are not applicable
as the company is not a Nidhi Company as specified in the
clause.
xiii) According to information and explanations given to us we
are of the opinion that all related party transactions are in
compliance with the Section 177 and 188 of Companies
Act 2013. Necessary disclosures has been made in the
financial statements as required by the applicable accounting
Standards.
xiv) According to information and explanations given to us the
company has not made any preferential allotment or private
placement of shares or debentures during the year.
xv) According to information and explanations given to us the
Company has not entered into any non-cash transaction with
the director or any person connected with him during the
year.
xvi) In our opinion, in view of its business activities, the company
is not required to be registered under section 45IA of Reserve
Bank of India Act 1934.
For
O. P. Bagla & Co.
Chartered Accountants
Firm Regn No. 000018N
(Atul Bagla)
Place : New Delhi
Partner
Dated : 28th April, 2016
Membership No. 91885
Annexure- II to the Independent Auditor’s Report
(Referred to in paragraph 2(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report
of even date)
We have audited the internal financial controls over financial
reporting of
KAJARIA CERAMICS LIMITED
(“the Company”) as of
31st March 2016 in conjunction with our audit of the standalone
financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company’s management is responsible for establishing and
maintaining internal financial controls based on the internal
control over financial reporting criteria established by the Company
considering the essential components of internal control stated
in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants
of India. These responsibilities include the design, implementation
104
Kajaria Ceramics Limited
