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GE T&D India Ltd.

BSE: 522275 | NSE: GET&D |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE200A01026 | SECTOR: Power - Transmission & Equipment

BSE Live

Sep 24, 16:00
130.80 -1.65 (-1.25%)
Volume
AVERAGE VOLUME
5-Day
14,054
10-Day
12,690
30-Day
33,244
12,380
  • Prev. Close

    132.45

  • Open Price

    135.00

  • Bid Price (Qty.)

    130.80 (21)

  • Offer Price (Qty.)

    131.70 (100)

NSE Live

Sep 24, 15:59
130.65 -1.70 (-1.28%)
Volume
AVERAGE VOLUME
5-Day
117,069
10-Day
131,439
30-Day
394,857
86,630
  • Prev. Close

    132.35

  • Open Price

    133.60

  • Bid Price (Qty.)

    130.65 (588)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2017 2016 2015 2014 2013 2012 2010 2009

Auditor's Report

We have audited the attached balance sheet of Areva T&D India Limited (formerly ALSTOM Limited) (the Company) as at December 31, 2005, the profit and loss account and the cash flow statement for the period 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. 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. As required by the Companies (Auditor's Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. Further to our comments in the Annexure referred to 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 purposes 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; (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 sub-section (3C) of section 211 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 is disqualified as on December 31, 2005 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956 on the said date; (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 the case of the balance sheet, of the state of affairs of the Company as at December 31, 2005; (b) in the case of the profit and loss account, of the profit of the Company for the period ended on that date; and (c) in the case of the cash flow statement, of the cash flows for the period ended on that date. For Deloitte Haskins & Sells Chartered Accountants Bhavani Balasubramanian Place : New Delhi Partner Date : February 25, 2006 Membership No. 22156 Annexure referred to in our report of even date: 1. In respect of its fixed assets: a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. b) Some of the fixed assets were physically verified during the period by the management in accordance with a programme of verification, 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) The fixed assets disposed off during the period, in our opinion, do not constitute a substantial part of the fixed assets of the Company and such disposal has, in our opinion, not affected the going concern status of the Company. 2. In respect of its inventories: a) Inventories including Stocks with subcontractors in certain locations, have been physically verified by the management during the period. In our opinion, the frequency of verification is reasonable. 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 were 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, we are of the opinion that the Company is maintaining proper records of inventory. The discrepancies noticed between the book records and physical stocks, on verification as at December 31, 2005 were not material. In the case of certain manufacturing units in which ERP (SAP) system is under stabilisation, consumption of material during the period was computed based on the physical quantity of inventory held at such units as at December 31, 2005. We have examined such computations of consumption and other records maintained by the management to ensure that the discrepancies between book stock and physical stock have been properly dealt with in the books of account. 3. In respect of loans, secured or unsecured, granted or taken by the Company to or from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956, according to the information and explanations given to us: (a) The Company has granted loans to two parties. At the period-end, the outstanding balances of such loans granted aggregated to Rs 50,000 thousands and the maximum amounts involved during the period was Rs 77,500 thousands. (b) The rate of interest and other terms and conditions of such loans are, in our opinion, prima facie not prejudicial to the interest of the Company. (c) The receipt of principal amounts and interest has during the period been as per stipulations. (d) The Company has not taken any loans, secured or unsecured from Companies, firms, or other parties listed in the Register maintained under section 301 of the Companies Act, 1956. 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 with regard to purchase of inventory and fixed assets and for the sale of goods and services and we have not observed any continuing failure to correct major weaknesses in such internal controls. 5. The transactions during the period with a Company under the same management are exempt under section 297 and there are no transactions, with parties covered under sub-section (6) of Section 299 and no entry has been made in the register to be maintained u/s 301 of the Companies Act, 1956. 6. The Company has not accepted any deposits from the public during the period. 7. The Company's internal audit during the current year was carried out by the Company's internal audit department, internal auditors of the holding company and certain locations were audited by external firms of chartered accountants, which in our opinion have been commensurate with the size and nature of its business. 8. We have broadly reviewed the books of account and records maintained by the Company relating to the manufacture of power transformers, electric fans and motors, pursuant to the order made by the Central Government for the 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. We have, however, not made a detailed examination of the records with a view to determining whether they are accurate or complete, as the examination of the records are to be made by a Cost Auditor. To the best of our knowledge and according to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records for any other product of the Company. 9. In respect of Statutory dues: a) According to the information and explanations given to us, 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, Custom duty, Excise duty, Cess and any other material statutory dues with the appropriate authorities during the period. b) There were no undisputed amounts payable in respect of the above statutory dues as at December 31, 2005 for a period of more than six months from the date they became payable. c) According to the information and explanations given to us, details of disputed sales tax, income tax, customs duty, wealth tax, service tax, excise duty and cess which have not been deposited as on December 31, 2005 are given in note no. 24(d) and 39. 10. The Company has no accumulated losses as at December 31, 2005 and has not incurred any cash losses either during the current period of nine months covered by our audit or the immediately preceding financial year. 11. In our opinion and according to the information and explanations given to us, the Company has not defaulted in the payment of dues to banks. 12. Based on our examination of documents and records, we are of the opinion that the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures or other securities. 13. The Company is not a chit fund or nidhi/mutual benefit fund/society. 14. In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities and debentures and other investments. 15. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions. 16. The Company has not raised any term loans during the period. 17. According to the information and explanations given to us, and on an overall examination of the balance sheet of the Company, funds raised on short term basis have prima facie, not been used during the period for long term investment. 18. 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. 19. The Company has not issued any debentures. 20. The Company has not raised money through public issues during the period. 21. 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 period. For Deloitte Haskins & Sells Chartered Accountants Bhavani Balasubramanian New Delhi Partner February 25, 2006 Membership No. 22156