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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 14, 16:00
194.50 1.35 (0.70%)
Volume
AVERAGE VOLUME
5-Day
92,309
10-Day
83,128
30-Day
92,468
96,507
  • Prev. Close

    193.15

  • Open Price

    193.85

  • Bid Price (Qty.)

    194.40 (10)

  • Offer Price (Qty.)

    194.50 (749)

NSE Live

Jan 14, 15:59
194.35 1.35 (0.70%)
Volume
AVERAGE VOLUME
5-Day
658,563
10-Day
619,051
30-Day
766,519
1,000,750
  • Prev. Close

    193.00

  • Open Price

    193.40

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    194.35 (32220)

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, 2012 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 Company''s 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 basis for our opinion. 3. As required by the Companies (Auditor''s Report) Order, 2003 as amended by Companies (Auditor''s Report) (Amendment) Order, 2004 (together ''the Order''), issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we annex hereto a statement on the matters specified in paragraph 4 and 5 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 our audit; (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 applicable Accounting Standards referred to in Sec 211 (3C) of the Companies Act, 1956. (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, 2012 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, 2012, (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 year 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) Fixed assets disposed of during the year were not material enough to affect the going concern identity of the Company (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) On the basis of our examination of the records of inventory, we are of the opinion that the Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and book records were not material and have been properly dealt with in the books of accounts. (iii) (a) According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Therefore, the provisions of the clauses 4(iii) (a) to (d) of the Order are not applicable to the Company and hence not commented upon. (b) According to the information and explanations given to us, the Company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Therefore, the provisions of the clauses 4(iii) (e) to (g) of the Order are not applicable to the Company and hence not commented upon. (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) (a) Based on audit procedures applied by us and according to the information and explanations provided by the management, we are of the opinion that contracts or arrangements referred to in section 301 of the Act have been entered in the register maintained under that section. (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to prevailing market price at the relevant time. (vi) During the year 2011-12, Company has not accepted any deposit from the public. (vii) In our opinion, the Company has an adequate internal audit system commensurate with the size and nature of its business. (viii) During the year 2011-12 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 appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employee''s 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 is no disputed due on account of sales tax, wealth tax, income tax, service tax, custom duty, excise duty 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 shares, debentures or other securities. (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 is not Applicable. (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. We also report that the Company has held the investments in its own name. (xv) According to the information and explanations given to us, the Company has given guarantee for loans taken by others from banks or financial institutions, the terms & condition whereof are not prejudicial to the interest of the Company. (xvi) The Company has not accepted any term loan during the year under review. (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 to parties and Companies covered in the Register maintained under section 301 of the Companies Act, 1956. (xix) The Company has not issued any debentures during the year. Accordingly Clause (xix) of Paragraph 4 is not applicable. (xx) The Management has disclosed the end use of money raised by public issues and we have verified the same. (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 Registration No. : 000243C C. P. Kothari Place : Mumbai Partner Date : April 24, 2011 M.No. 072229