Moneycontrol
Get App
SENSEX NIFTY
you are here:

GE Power India Ltd.

BSE: 532309 | NSE: GEPIL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE878A01011 | SECTOR: Power - Transmission & Equipment

Success
Alert
Please select a Day.
Info

BSE Live

Feb 14, 16:00
765.00 -38.20 (-4.76%)
Volume
AVERAGE VOLUME
5-Day
1,551
10-Day
1,327
30-Day
1,000
612
  • Prev. Close

    803.20

  • Open Price

    803.95

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Feb 14, 15:58
768.00 -35.05 (-4.36%)
Volume
AVERAGE VOLUME
5-Day
64,469
10-Day
59,687
30-Day
33,597
10,324
  • Prev. Close

    803.05

  • Open Price

    788.00

  • Bid Price (Qty.)

    768.00 (400)

  • 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 ALSTOM Projects India Limited (the Company) as at March 31, 2010, and the related profit and Loss Account and Cash Flow Statement for the year ended on that date annexed thereto, which we have signed under reference to this report. These fnancial statements are the responsibility of the Companys Management. Our responsibility is to express an opinion on these fnancial statements based on our audit. 2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the fnancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fnancial statements. An audit also includes assessing the accounting principles used and signifcant estimates made by Management, as well as evaluating the overall fnancial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. As required by the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment) Order, 2004 (together the Order), issued by the Central Government of India in terms of sub-section (4A) of Section 227 of The Companies Act, 1956 of India (the Act) and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanations given to us, we give in the Annexure a statement on the matters specifed in paragraphs 4 and 5 of the Order. 4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that: (a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit; (b) 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; (c) The Balance Sheet, profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account; (d) 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 sub-section (3C) of Section 211 of the Act; (e) On the basis of written representations received from the directors and taken on record by the Board of Directors, none of the directors is disqualifed as on March 31, 2010 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Act; (f) In our opinion and to the best of our information and according to the explanations given to us, the said fnancial statements together with the notes thereon and attached thereto give, in the prescribed manner, the information required by the Act, and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Balance Sheet, of the state of affairs of the company as at March 31, 2010; (ii) in the case of the profit and Loss Account, of the profit for the year ended on that date; and (iii) in the case of the Cash Flow Statement, of the cash fows for the year ended on that date. Annexure to Auditors Report Referred to in paragraph 3 of the Auditors report of even date to the members of ALSTOM Projects India Limited on the fnancial statements for the year ended March 31, 2010 (i) (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fxed assets. (b) The fxed assets are physically verifed by the Management according to a phased programme designed to cover all the items over a period of three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, a portion of the fxed assets has been physically verifed by the Management during the year and no material discrepancies between the book records and the physical inventory have been noticed. (c) In our opinion and according to the information and explanations given to us, a substantial part of fxed assets has not been disposed of by the Company during the year. (ii) (a) The inventory has been physically verifed by the Management during the year. In our opinion, the frequency of verifcation is reasonable. (b) In our opinion, the procedures of physical verifcation of inventory followed by the Management are 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 inventory records, in our opinion, the Company is maintaining proper records of inventory. The discrepancies noticed on physical verifcation of inventory as compared to book records were not material. (iii) (a) The Company has not granted any loans, secured or unsecured, to companies, frms or other parties covered in the register maintained under Section 301 of the Act. Accordingly clauses (iii) (b), (c) & (d) of paragraph 4 of the Order are not applicable in the case of the company in the current year. (b) The Company has not taken any loans, secured or unsecured, from companies, frms or other parties covered in the register maintained under Section 301 of the Act. Accordingly clauses (iii) (f) & (g) of paragraph 4 of the Order are not applicable in the case of the company in the current year. (iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of inventory, fxed assets and for the sale of goods and services. Further, on the basis of our examination of the books and records of the Company, and according to the information and explanations given to us, no major weakness have been noticed or reported. (v) According to the information and explanations given to us, there have been no contracts or arrangements referred to in Section 301 of the Act during the year to be entered in the register required to be maintained under that Section. Accordingly, the question of commenting on transactions made in pursuance of such contracts or arrangements does not arise. (vi) The Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and the rules framed there under. (vii) In our opinion, the Company has an internal audit system commensurate with its size and nature of its business. (viii) The Central Government of India has not prescribed the maintenance of cost records under clause (d) of sub-section (1) of Section 209 of the Act for any of the products of the Company. (ix) (a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is generally regular in depositing the 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 material statutory dues as applicable with the appropriate authorities. (b) According to the information and explanations given to us and the records of the Company examined by us, the particulars of dues of income-tax, sales-tax, wealth-tax, service-tax, customs duty, excise duty and cess as at March 31, 2010 which have not been deposited on account of a dispute, are as follows: Name of the Statute Nature of dues Amount in (Rs.000) Andhra Pradesh General Sales Tax (GST), Works Contract Tax on 520,219 1957; Andhra Pradesh Value Added Tax Inter State Sales (VAT), 2005 and Central Sales Tax (CST) Act, 1956 Central Excise Act, 1944 Excise duty and penalty 216,962 Central Sales Tax Act, 1956 Central Sales Tax Penalty 14,185 Bombay Sales Tax Act, 1957 and Central Works Contract Tax on 10,391 Sales Tax Act, 1956 Inter State Sales Central Excise Act, 1944 Excise duty and penalty 4,711 Orissa General Sales Tax Act,1947 and Works Contract Tax on 3,603 Central Sales Tax Act, 1956 Inter State Sales Tamil Nadu General Sales Tax Act,1959 Sales Tax and Penalty 1,752 Name of the Statue Period to which the Forum where the amount relates dispute is pending Andhra Pradesh General Sales Ta x (GST), 1957; Andhra Pradesh Value Added Tax (VAT), 2005 and Central Sales Tax (CST) Act, 1956 2004 - 2008 High Court Central Excise Act, 1944 1985 - 2007 CESTAT Central Sales Tax Act, 1956 1993 - 1999 First/ Second appellate authority Bombay Sales Tax Act, 1957 and Central Sales Tax Act, 1956 1984 - 1992 First/ Second appellate authority Central Excise Act, 1944 2007 - 2008 CESTAT Orissa General Sales Tax Act,1947 and Central Sales Tax Act, 1956 1992 - 1997 High Court Tamil Nadu General Sales Tax Act,1959 2004 - 2005 High Court (x) The Company has no accumulated losses as at March 31, 2010 and it has not incurred any cash losses in the fi nancial year ended on that date or in the immediately preceding fi nancial year. (xi) According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted in repayment of dues to any fi nancial institution or bank or debenture holders as at the balance sheet date. (xii) The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. (xiii) The provisions of any special statute applicable to chit fund / nidhi / mutual benefi t fund/ societies are not applicable to the Company. (xiv) In our opinion, the Company is not a dealer or trader in shares, securities, debentures and other investments. (xv) In our opinion and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or fi nancial institutions during the year. (xvi) The Company has not obtained any term loans. (xvii) On the basis of an overall examination of the balance sheet of the Company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short-term basis which have been used for long-term investment. (xviii) The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Act during the year. (xix) The Company has not issued any debentures during the year and there are no debentures outstanding at the year-end. (xx) The Company has not raised any money by public issues during the year. (xxi) During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the Management. For Price Waterhouse Firm Registration Number: 012754N Chartered Accountants V. Nijhawan Place: Noida Partner Date: April 28, 2010 Membership Number: F-87228