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Kajaria Ceramics Ltd.

BSE: 500233 | NSE: KAJARIACER |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE217B01036 | SECTOR: Ceramics & Granite

BSE Live

Oct 27, 09:45
1272.15 3.25 (0.26%)
Volume
AVERAGE VOLUME
5-Day
24,714
10-Day
20,757
30-Day
84,005
1,345
  • Prev. Close

    1268.90

  • Open Price

    1270.00

  • Bid Price (Qty.)

    1269.15 (1)

  • Offer Price (Qty.)

    1271.05 (23)

NSE Live

Oct 27, 09:45
1269.50 0.35 (0.03%)
Volume
AVERAGE VOLUME
5-Day
702,612
10-Day
516,456
30-Day
434,223
42,476
  • Prev. Close

    1269.15

  • Open Price

    1275.00

  • Bid Price (Qty.)

    1269.50 (18)

  • Offer Price (Qty.)

    1270.25 (20)

Annual Report

For Year :
2021 2018 2017 2016 2015 2014 2013 2012 2011

Auditor's Report

We have audited the attached Balance Sheet of KAJARIA CERAMICS LIMITED as at 31 st March, 2009 and also the Profit & Loss Account and the Cash Flow statement for the Year Ended on that date. 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 have 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 1. As required by the Companies (Auditors Report) order, 2003 as amended by the Companies (Auditors Report) (Amendment) order 2004 issued by the Central Government in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the annexure a statement on the matters specified in the paragraphs 4 & 5 of the said order to the extent applicable to the Company. 2. Further to our comments in the annexure referred to 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 purpose 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 such books. c) The Balance Sheet, Profit & 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 applicable accounting standards referred to in sub-section (3c) of section 211 of the Companies Act, 1956. e) On the basis of written representations received from the directors as on 31st March, 2009 and taken on record by the Board of Directors, we report that none of the directors of the Company is disqualified from being appointed as Director as at 31st March, 2009 in terms of section 274(1) (g) of the Companies Act, 1956. f) i) The Company is accounting for Profit / loss from foreign exchange derivative transactions on actual receipt/ payment basis. The liability for the same, if any, on mark to market basis asat the year end could not be ascertained. ii) Attention is invited to Note Number 19 in Schedule 23 regarding recognizing Export benefits on unutilized advance licences under DERC scheme to the extent of duty leviable on imports to be made in future which has resulted into increase of net profit by Rs. 53.38 Million. g) Subject to our comments in para f (i) above, relating to profits/ losses on foreign exchange derivative transactions, in our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with Significant Accounting Policies and other Notes thereon in Schedule - 23, give the information required by the Companies Act, 1956 in the manner so required and give 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 31.3.2009. ii) In the case of the Profit & Loss Account of the PROFIT of the Company for the year ended on that date. iii) In case of cash flow statement of the cash flow of the Company for the year ended on that date. Annexure to the Auditors Report Annexure referred to in paragraph 1 of the Auditors Report on Accounts for the year ended 31st March 2009 1. a) The Company has maintained proper records to show full particulars including quantitative details and situation of fixed assets. b) As explained to us, major fixed assets have been physically verified by the management during the year. We have been informed that the discrepancies noticed on such verification as compared to book record were not material and have been properly dealt with in the books of account. In our opinion the frequency of verification is reasonable. c) As the Company has not disposed off a substantial part of fixed assets during the year, paragraph 4 (i) (c) of the said order is not applicable. 2. a) Physical verification has been conducted by the management at reasonable intervals in respect of finished goods, stores, spare parts and raw materials except day. We were informed that physical verification of clay was difficult due to its volume and loose nature. b) In our opinion and according to the information and explanation given to us, the procedure of physical verification of these stocks followed by the management is reasonable and adequate in relation to the size of the Company and the nature of its business. c) In our opinion the Company is maintaining proper records of inventories. The discrepancies noticed on such verification between the physical stocks and book records were not significant and the same has been properly dealt with in the books of account. 3. The Company has not granted any loan during the year to companies, firms or other parties covered in the register maintained under section 301 of the Act. 4. The Company has not taken any loan from companies, firms or other parties covered in the register maintained under section 301 of the Act. 5. 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 with regard to purchase of inventories, fixed assets and with regard to the sale of goods and services. During the course of audit, no major weakness has been noticed in the internal control system. 6. a) In our opinion and according to information and explanations given to us the transactions that needed to be entered in the register maintained under section 301 of the Act have been entered in the register. b) As per information and explanations given to us aforesaid transactions have been made at prices which are reasonable having regard to the prevailing market price at the relevant time. 7. In our opinion and according to the information and explanations given to us, me Company has not accepted any deposits within the meaning of provisions of section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975. 8. In our opinion and according to the information and explanations given to us, the Company has adequate internal audit system commensurate with its size and nature of its business. 9. We are informed that the Central Government has not prescribed the maintenance of cost records under section 209(1 )(d) of the Companies Act, 1956 for the products of the Company. 10. a) As per information and explanations given to us the Company has been 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, Custom Duty, Excise Duty, Cess, Octroi, entry tax and other statutory dues with the appropriate Authorities. There are no undisputed statutory dues at the year end outstanding for a period of more than six months from the date they become payable. b) We have been informed that disputed demands of Rs. 2.25 million in respect of Sales Tax and Service Tax are pending in appeals with the Commissioner Appeals/High Court. 11. There are no accumulated losses of the Company as at the end of the year, the Company has not incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year. 12. Based on our audit procedures and on the basis of information and explanations given to us by the management, we are of the opinion that there is no default in repayment of dues to the Financial Institutions, banks or debenture holders as at the year end. 13. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Hence paragraph 4 (xii) of the order is not applicable. 14. According to information and explanations given to us the Company has given guarantee for loans taken by associates amounting to Rs.50 Million and by others amounting to Rs. 50 Million from bank and in our opinion the terms and conditions whereof are not prejudicial to the interest of the Company. 1 5. According to the information and explanations given to us the term loans taken by the Company have been applied for the purposes for which the loans were obtained. 16. According to the information and explanations given to us the funds raised on short term basis have not been utilized for long term investment. 17. During the year the Company has not made any preferential allotment of shares to parties and Companies covered in the Register maintained u/s 301 of the Companies Act 1956. As such paragraph 4 (xviii) of the order is not applicable. 18. According to the information & explanation given to us the Company has already created securities of charge in respect of debentures issued. 19. Since the Company has not raised money by way of Public Issue during the year paragraph 4 (xx) of the order is not applicable. 20. Based upon the audit procedures performed and information and explanations given by the management, we report that, no fraud on or by the Company has been noticed or reported during the course of our audit for the year ended 31.03.2009. 21. Other clauses of the order are not applicable to the Company for the year under report. For O. P. Bagla & Co. Chartered Accountants Atul Bagla Place: New Delhi Partner Dated : 5th May 2009 Membership No. 91885