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Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • State Bank of India
  • CoinSwitch Kuber

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
State Bank of India
CoinSwitch Kuber
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Bajaj Consumer Care Ltd.

BSE: 533229 | NSE: BAJAJCON |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE933K01021 | SECTOR: Personal Care

BSE Live

Jan 28, 16:00
180.40 -2.80 (-1.53%)
Volume
AVERAGE VOLUME
5-Day
89,562
10-Day
87,873
30-Day
75,893
100,151
  • Prev. Close

    183.20

  • Open Price

    186.00

  • Bid Price (Qty.)

    180.30 (5)

  • Offer Price (Qty.)

    180.40 (27)

NSE Live

Jan 28, 15:59
180.15 -3.00 (-1.64%)
Volume
AVERAGE VOLUME
5-Day
576,864
10-Day
645,596
30-Day
568,102
611,751
  • Prev. Close

    183.15

  • Open Price

    182.65

  • Bid Price (Qty.)

    180.15 (70)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Auditor's Report

1. We have audited the attached Balance Sheet of Bajaj Corp Limited as at March 31, 2010 and also the annexed Profit & Loss Account of the Company and the Cash Flow Statement for the year ended on that date. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We 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 misstatements. 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 management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basisforouropinion. 3. As required by the Companies (Auditors Report) Order, 2003 as amended by Companies (Auditors Report) (Amendment) Order, 2004 (together the Order), issued by the Central Government of India in terms of Section 227(2A) of the Companies Act, 1956, we annex hereto a statement on the matters specified in paragraph 4 of the said order. 4. Further to our comments in the Annexure referred to in Para 3 above, we report that: (i) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of ouraudit; (ii) 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 those books; (iii) The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account of the Company; (iv) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the Accounting Standards referred to in Sec 211 (3C) of the Companies Act, 1956, to the extent applicable. (v) On the basis of written representations received from the directors and taken on record by the Board of Directors, we report that none of the directors are disqualified as on March 31, 2010 from being appointed as director in terms of clause (g) of sub section (1) of Section 274 of the Companies Act, 1956; (vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (a) in case of the Balance Sheet, of the state of affairs of the Company as at March 31,2010, (b) in the case of the Profit and Loss Account, of the profit for the year ended on that date and (c) in the case of cash flow statement, of the cash flows for the period ended on that date. ANNEXURE TO THE AUDITORS REPORT Referred to in Paragraph 3 of our Report of even date. On the basis of the records produced to us for our verification /perusal, such checks as we considered appropriate, and in terms of information and explanations given to us on our enquiries, we state that: (i) (a) The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) As explained to us, all the fixed assets have been physically verified by the management at the reasonable intervals during the year. According to the information and explanations given to us and the records produced to us for verification, discrepancies noticed on such physical verification were not, in our opinion, material and the same have been properly dealt with in the Books of Accounts. (c) As per the information and explanation given to us on our enquiries company has not disposed any of its assets during the year. (ii) (a) The Inventories of finished goods, stores, spare part and raw materials have been physically verified by the management. In our opinion the frequency of verification is reasonable. (b) The procedures of physical verification of Inventories followed by the management as explained to us are, in our opinion, reasonable and adequate in relation to the size of the Company and the nature of its business. (c) According to the records produced to us for our verification, the discrepancies noticed on physical verification of Inventories referred to above, as compared to book records, though not material, have been properly dealt with in the Book of Accounts. (iii) (a) As informed to us, the company has granted and taken unsecured loans from the following parties covered in the register maintained under section 301 of the Act. Loan Granted : Bajaj Consumer Care Ltd Rs.5850 Lacs Loan Taken : Bajaj Consumer Care Ltd Rs. 68 Lacs (b) The rate of interest and other terms and conditions of above loans given or taken by the company, are prima facie not prejudicial to the interest of the company. (c) During the year loans granted & taken by the company has been squared up. (d) There is no overdue amount of loans taken from or granted to companies, firms or other parties listed in the Register maintained under section 301 of the Companies Act, 1956, during the year. (e) In respect of aforesaid loans, parties were regular in repayment of principal amount & interest thereon. (iv) In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods and services. As per the information given to us, no major weaknesses in the internal controls have been identified by the management during the year. During the course of our audit, nothing had come to our notice that may suggest a major weakness in the internal control systems of the company. (v) In our opinion, transactions that need to be entered into a register in pursuance of section 301 of the Companies Act, 1956 have been so entered. (vi) During the year 2009-10, Company has not accepted any deposit from the public. (vii) On the basis of the internal audit reports broadly reviewed by us, we are of the opinion that the Company has an adequate internal audit system commensurate with the size and nature of its business. (viii) During the year 2009-10 the company was engaged in production of Hair Oil which comes under the list of Cosmetic or Toiletries item for which Compulsory Cost Accounting records should be maintained by the Company. On the basis of Records produced we are of the opinion that prima facie cost records and accounts prescribed by Central Government under section 209(1 )(d) of the Companies Act,1956 in respect of products of the Company covered under the rules under the said section have been maintained. (ix) (a) According to the records of the Company, the company has been regular in depositing with the appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income-tax, Sales-tax, Wealth-tax, Service-tax, Custom Duty, Excise Duty and Cess and other statutory dues to the extent applicable to it. (b) There are no disputed dues on account of sales tax, wealth tax, income tax, service tax and cess. (x) The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and immediately preceding financial year. (xi) According to the records of the Company examined by us and the information and explanations given to us, the Company has not defaulted in repayment of dues to any bank or financial institution. The Company has not obtained any borrowings by way of debentures. (xii) The company has not granted any loans or advance secured by pledge of share, debenture or other security. (xiii) The company is not a Chit Fund/ Nidhi / Mutual Fund/ Society to which the provisions of Special Statute relating to Chit Fund are applicable. Accordingly Clause (xiii) of Para 4 isnotapplicable. (xiv) The Company has, in our opinion, maintained proper records of the transactions and contracts with respect to its investments and timely entries of such transactions are made therein. The Investment was held in the name of the company. (xv) There were no guarantees given by the company for loans taken from the financial institutions and/or banks by others during the year under review. (xvi) Based on information and explanations given to us by the management, term loan availed by the Company was applied by the Company for the purpose for which the loan was obtained. (xvii) According to the information and explanation given to us, and overall examination of the financial statement of the company, we are of the opinion that short-term funds have not been used for long-term purpose and vice versa. (xviii) According to the information and explanation given to us, the Company has not made any Preferential Allotment of shares during the year. (xix) The company has not issued any Debentures during the year ended March 31, 2010. Accordingly Clause (xix) of Paragraph 4 is not applicable. (xx) The Company has not raised any monies by Public Issue during the year under review. Accordingly Clause (xx) of Paragraph 4 is not applicable. (xxi) As per the information and explanation given to us on our enquiries on this behalf there were no frauds on or by the company which have been noticed or reported during the year; For R. S. Dani & Company Chartered Accountants C.P. Kothari Partner M.No. 072229 Place : Delhi Date : May 04, 2010