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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 23, 15:03
582.55 -1.80 (-0.31%)
Volume
AVERAGE VOLUME
5-Day
18,445
10-Day
17,424
30-Day
123,271
3,787
  • Prev. Close

    584.35

  • Open Price

    592.20

  • Bid Price (Qty.)

    582.65 (34)

  • Offer Price (Qty.)

    583.45 (57)

NSE Live

Sep 23, 15:04
583.05 -1.55 (-0.27%)
Volume
AVERAGE VOLUME
5-Day
546,837
10-Day
500,243
30-Day
506,654
179,124
  • Prev. Close

    584.60

  • Open Price

    586.65

  • Bid Price (Qty.)

    582.60 (30)

  • Offer Price (Qty.)

    583.00 (17)

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 31st March, 2012 and also the Statement of Profit & Loss and the Cash Flow Statement for the year ended on that date annexed thereto. 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 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, Statement of Profit & Loss & 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 and taken on record by the Board of Directors, we report that none of the Directors are disqualified as on 31st March, 2012 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 notes thereon 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 31st March, 2012; ii. In the case of Statement of Profit & Loss 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 (Auditor''s 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 affect 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 procedures 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 has been properly dealt with in the books of accounts. 3. The Company has neither granted nor taken any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, clauses (iii)(b), (iii)(c), (iii)(d), (iii)(f) and (iii)(g) of paragraph 4 of the Order are not applicable. 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. 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 entered into a transaction in pursuance of such contracts or arrangements in respect of a party listed in the register maintained under section 301 of the Companies Act, 1956 at prices which are reasonable having regard to the prevailing market prices at the relevant time. 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 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 disputed amount payable in respect of these statutory dues which have remained outstanding as at 31st March 2012 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 Sales tax including 11.14 Tax Act and interest and penalty 14.27 Local Sales as applicable 181.36 Tax Act 0.81 179.72 85.63 11.34 65.00 14.91 62.25 107.25 The Central Excise Excise Duty including 4.83 Act, 1994 penalty and interest 68.85 as applicable 26.38 15.11 46.16 229.00 42.02 Service Tax Service Tax including 44.33 (Finance Act, 1994) penalty and interest as applicable Entry Tax Act, 2008 Entry Tax 9.28 Income Tax Act, 1961 Income Tax 4.10 Name of the Statue Financial year to which Forum where the the amount relates dispute is pending Central Sales Tax Act and Local Sales Tax Act 2000-01 & 2004-05 WB Taxation Tribunal 2005-06 ADC 2000-01 to 2005-06 Board of Revenue 1999-2000 High Court 2005-06 & 2006-07 High Court 2001-02 JC 2004-05 JC (A) 2005-06 & 2006-07 DC (A) 1996-97 to 2000-01 DC 1999-2000 to 2004-05 Tribunal 1989-90, 1993-94 to 1996-97 Supreme Court The Central Excise Act, 1994 1983-84 to 1990-91 Assistant Commissioner of Central Excise 1981-82 to 1986-87, 1989-90 Deputy Commissioner of Excise 2006-07 to 2009-10 Additional Commissioner of Customs 2002-03 to 2005-06 High Court (Mumbai) 2008-09 to 2010-11 Joint Commissioner of (Excise & Customs) 2008-09 to 2009-10 CESTAT 1993-94 to 1995-96 Commissioner Service Tax (Finance Act, 1994) 2005-2008 CESTAT Entry Tax Act, 2008 2001-02 Board of Revenue Income Tax Act, 1961 2007-08 CIT (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 not given guarantees for loan taken by others from a Bank. 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. Based on overall examination of Balance Sheet of the Company as at March 31st 2012, short term funds were applied for the purpose for which they were obtained. 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 has not issued any secured debentures during the year. 19. The company had not raised any money by way of public issue during the year. 20. 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 Firm Registration No.- 306033E S. K. Agrawal Place: Kolkata Partner Dated: 8th May, 2012 Membership No. 9067