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Emami Ltd.

BSE: 531162 | NSE: EMAMILTD |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE548C01032 | SECTOR: Personal Care

BSE Live

Sep 24, 16:00
587.10 2.45 (0.42%)
Volume
AVERAGE VOLUME
5-Day
17,630
10-Day
18,054
30-Day
122,988
26,310
  • Prev. Close

    584.65

  • Open Price

    586.30

  • Bid Price (Qty.)

    587.10 (246)

  • Offer Price (Qty.)

    594.95 (27)

NSE Live

Sep 24, 15:59
585.30 0.90 (0.15%)
Volume
AVERAGE VOLUME
5-Day
402,041
10-Day
457,280
30-Day
503,501
468,471
  • Prev. Close

    584.40

  • Open Price

    589.55

  • Bid Price (Qty.)

    585.30 (2926)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2017 2016 2015 2014 2013 2012 2011 2010

Auditor's Report

We have audited the Balance Sheet of Emami Limited as at March 31, 2008 and also the Profit & Loss Account and the Cash Flow Statement for the year ended on that date annexed thereto. 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. 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 misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. 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. We further 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 accounts as required by law have been kept by the company so far as appears from our examination of such books. c) The Balance Sheet, Profit & Loss Account & Cash flow Statement referred to in this report are in agreement with the books of accounts and comply with the accounting standards referred to in Section 211(3C) of the Companies Act, 1956 to the extent applicable. d) 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 is disqualified as on March 31, 2008 from being appointed as a director in terms of Section 274 (1) (g) of the Companies Act, 1956. e) In our opinion and to the best of our information and according to the explanations given to us, the said accounts, read with other notes on accounts as per schedule 18 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: i) In the case of Balance Sheet of the State of Affairs of the Company as on March 31, 2008; ii) In the case of the Profit & Loss Account of the Profit for the year ended on that date; and iii) In the case of Cash Flow Statement, of the Cash Flows for the year ended on that date. As required by the Companies (Auditors Report) order, 2003 issued by the Central Government and on the basis of such checks as we considered appropriate and according to the information and explanations given to us, we further report that: 1) a) The Company has maintained proper records showing full particulars including quantitative details and situation of Fixed Assets. b) The fixed assets were physically verified during the year by the management in accordance with a program of verification, covering all fixed assets over a period of three years, which in our opinion provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification. c) Fixed assets disposed of during the year were not substantial, and therefore, do not effect the going concern assumption. 2) a) As explained to us, inventories were physically verified during the year by the management at reasonable intervals. b) In our opinion and according to the information and explanations given to us, the procedure of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and nature of its business. c) In our opinion and according to the information and explanations given to us, the company has maintained proper records of its inventory. The discrepancies noted on physical verification of stocks as compared to book records were not significant and the same have been properly dealt with in the books of accounts. 3) a) The Company has not granted any loans, secured or unsecured, to companies, firms and other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, paragraphs 4(iii)(b), (c) and (d) of the Order are not applicable. b) The company has taken unsecured loans from three companies covered in the register maintained under section 301 of the Companies Act, 1956, against whom the maximum amount outstanding at any time during the year is Rs 170 lacs. The year end balance is nil. c) The rate of interest and other terms and conditions in respect of above loans are prima facie not prejudicial to the interest of company. d) The payment of the principal amount and interest are also regular. 4) 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. We have not observed any continuing failure to correct major weaknesses in the internal control system. 5) a) According to the information and explanations given to us, particulars of contracts or agreements that needed to be entered into the register maintained under section 301 of the Companies Act, 1956, have been so entered. b) According to the information and explanations given to us, the company has not entered into any transactions in pursuance of such contracts or arrangements aggregating during the year to Rs 5,00,000 or more in respect of each party listed in the register maintained under Section 301 of the Companies Act, 1956 for purchase of goods, materials and sales of goods. 6) The Company has not accepted any deposits as defined under Section 58A & 58AA or other relevant provisions of the Companies Act, 1956. 7) In our opinion, the Company has an adequate internal audit system commensurate with the size and nature of its business. 8) We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under Section 209 (1)(d) of the Companies Act, 1956 and are of the opinion that prima facie the prescribed accounts and records have been made and maintained. 9) According to the information and explanations given to us in respect of statutory and other dues: a) The company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authorities during the year. According to the information and explanations given to us, there were no undisputed amount payable in respect of these statutory dues which have remained outstanding as at 31st March 2008 for the period of more than six months from the date they became payable. b) Contingent dues on account of Sales Tax, Income Tax, Customs Duty, Wealth Tax, Service Tax, Excise Duty, Cess disputed by the company and not being paid vis- -vis forums where such disputes are pending are mentioned below: Name of the Nature of Dues Amount under dispute Statute not yet deposited Rs. in Lacs Central Sales Tax Sales tax including 34.66 and State interest and penalty, 14.59 Sales Tax as applicable 14.27 75.89 281.14 722.81 85.63 15.71 183.61 280.32 Excise duty Excise duty 4.83 68.85 Income Tax Interest 12.40 Entry Tax Entry Tax 17.05 9.04 Financial Year to which Forum where the dispute the amount relates is pending 2004-05 AC 2002-03 to 2003-04 AC(A) 2005-06 ADC 2000-01 to 2002-03 Board of Revenue 1996-97 to 1998-99 DC(A) 2002-03, 2005-06 2000-01 to 2005-06 JC (Appeals) 2007-08 2001-02 JC 1994-95 to 1995-96 Revisional Board 1997-98 Tribunal 1999-00 to 2004-05 1982-83 to 1993-94 High Court 1999-00, 2005-06 to 2006-07 1983-84 to 1990-91 Assistant Commissioner of Central Excise 1981-82 to 1986-87, Deputy Commissioner 1989-90 of Excise 2000-01 Director General of Income Tax & High Court 2001-02 to 2002-03, Board of Revenue 2003-04 JC(A) 10) The Company does not have accumulated losses as at the end of the year and the company has not incurred cash losses during the current and the immediately preceding financial year. 11) Based on our audit procedures and on the basis of information and explanations given by the management, we are of the opinion that the company has not defaulted in the repayment of dues to financial institution and banks. 12) According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13) According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments. 14) According to the information given to us, the company has given a guarantee for loan taken by others from a Bank. As explained the terms and conditions thereof are not prejudicial to the interest of the company. 15) To the best of our knowledge and belief and according to the information and explanations given to us, term loans availed by the company were applied by the company for the purposes for which the loans were obtained. 16) According to the cash flow statement and other records examined by us and the information and explanations given to us on an overall basis, funds raised on short term basis have, prima-facie, not been used during the year for long term investment. 17) The company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Companies Act 1956, during the year and hence the question of whether the price at which shares have been issued is prejudicial to the interest of the company does not arise. 18) The company concluded its public offering during the financial year 2004-05. Out of Rs 3500 lacs raised, Rs 2969.97 lacs have been used as per the details given in note no. 5 of schedule 18 and the balance funds have been used in reducing working capital borrowings temporarily. 19) To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the Company was noticed or reported during the year. For S. K. Agrawal & Company Chartered Accountants S. K. Agrawal Place: Kolkata Partner Dated: May 28, 2008 Membership No. 9067