Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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NOCIL Ltd.

BSE: 500730 | NSE: NOCIL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE163A01018 | SECTOR: Petrochemicals

BSE Live

Jan 25, 16:00
231.40 6.70 (2.98%)
Volume
AVERAGE VOLUME
5-Day
98,200
10-Day
82,433
30-Day
92,939
83,202
  • Prev. Close

    224.70

  • Open Price

    224.75

  • Bid Price (Qty.)

    228.00 (411)

  • Offer Price (Qty.)

    230.20 (75)

NSE Live

Jan 25, 15:59
230.85 6.05 (2.69%)
Volume
AVERAGE VOLUME
5-Day
606,895
10-Day
610,639
30-Day
823,795
605,405
  • Prev. Close

    224.80

  • Open Price

    221.80

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    230.85 (10565)

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Auditor's Report

1. We have audited the attached Balance Sheet of NOCIL Limited (the Company) as at 31 March 2012, the Statement of Profit and Loss and the Cash Flow Statement of the Company for the year ended on that date, both 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. 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 financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the ac- counting principles used and the 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. 3. As required by the Companies (Auditor''s Report) Order, 2003 (CARO) issued by the Central Government 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. 4. Further to our comments in the Annexure referred to in para- graph 3 above, we report as follows : (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, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in agreement with the books of account; (d) in our opinion, the Balance Sheet, the Statement of Prof- it and Loss and the Cash Flow Statement dealt with by this report are in compliance with the Accounting Standards referred to in sub - section (3C) of section 211 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 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 the Balance Sheet, of the state of affairs of the Company as at 31 March 2012; (ii) in the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date; and (iii) in the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date. 5. On the basis of the written representations received from the Di- rectors as on 31 March 2012 and taken on record by the Board of Directors, none of the Directors are disqualified as on 31 March 2012 from being appointed as a Director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956. Annexure to the Auditors'' report (Referred to in paragraph 3 of our report of even date) 1. Having regard to the nature of the Company''s business/activities/ result, clauses (i-c), (iii), (viii), (x), (xii), (xiii), (xiv), (xv), (xviii), (xix) and (xx) of CARO are not applicable to the Company. 2. 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 year 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. 3. In respect of its inventories: a) As explained to us, inventories were physically verified during the year by the management at reasonable intervals, except for inventories lying with third parties where confirmations of inventories held by such third parties have been received. 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) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of its inventories and no material discrepancies were noticed on physical verification. 4. In our opinion and according to the information and explanations given to us, there are adequate internal control systems 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. During the course of our audit we have not observed any major weaknesses in such internal controls. 5. In respect of contracts or arrangements entered in the register maintained in pursuance of section 301 of the Companies Act, 1956 and according to the information and explanations given to us: a) The particulars of the contracts or arrangements referred to in section 301 that needed to be entered into the register, maintained under the said section, have been so entered. b) Where each of such transaction is in excess of Rs.5 lacs in respect of any party, the transactions have been made at prices which are prima facie reasonable having regard to the prevailing market prices at the relevant time. 6. According to the information and explanations given to us, the Company has not accepted any deposit from the public during the year. In respect of unclaimed deposits, the Company has complied with the provisions of Sections 58A & 58AA or any other relevant provisions of the Companies Act, 1956. 7. In our opinion, the internal audit function carried out during the year by a firm of Chartered Accountants appointed by the Management has been commensurate with the size of the Company and the nature of its business. 8. According to the information and explanations given to us in respect of its statutory dues: a) The Company has generally been regular in depositing undisputed dues, including Provident Fund, Employees State Insurance, Income-tax, Wealth-tax, Sales-tax, Ser- vice tax, Custom duty, Excise duty, Cess, Investor Education and Protection Fund and any other material statutory dues applicable to it, with the appropriate authorities. b) There were no undisputed amounts payable in respect of Provident Fund, Employees State Insurance, Income- tax, Wealth-tax, Sales-tax, Service tax, Custom duty, Excise duty, Cess, Investor Education and Protection Fund and any other material statutory dues in arrears as at 31 March 2012 for a period of more than six months from the date they became payable. c) Details of dues of Income Tax, Sales Tax, Custom Duty and Excise Duty which have not been deposited as on 31 March 2012, on account of disputes are given below: Name of Statute Nature of the dues Amount Income Tax Act, 1961 Income Tax 233.79 25.63 2,555.11 2.34 Central Sales Tax Act, 1956 Sales Tax 127.40 and various State Sales Tax 86.88 Acts 174.64 9.82 371.15 24.98 The Custom Act,1962 Custom Duty 718.77 The Central Excise Act,1944 Excise Duty 62.33 58.83 8.44 23.51 Name of Statute Period to which the Forum where dispute is pending amount relates Income Tax Act, 1961 1985-86 Assistant Commissioner 1990-91 Assistant Commissioner 2003-2004 Commissioner Appeals 2008-09 Commissioner Appeals Central Sales Tax Act,1956 1986-88, 1998-2000, 2001-2005 Sales Tax Officer 1986-87, 1988-89, 1992-98, 2000-2005 Assistant Commissioner Appeals 1980-83, 1988-90, 1995-96, 1999-2002 Deputy Commissioner Appeals 2003 - 2004 Joint Commissioner Appeals 1994-1999, 2003-04 Appellate Tribunal 1990-91, 1993-95 High Court The Custom Act 1962 1998 to 2000 & 2004 CESTAT 1994 - 1996 Additional Commissioner Appeals 1991-1999, 2002 Commissioner Appeals 1994 - 1998 Deputy Commissioner 1992, 1997, 2008 CESTAT 9. In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of dues to financial institutions and banks. 10. To the best of our knowledge and belief and according to the information and explanations given to us, in our opinion, term loans availed during the year by the Company were, prima facie, applied by the Company during the year for the purposes for which the loans were obtained. 11. In our opinion and according to the information and explanations given to us and on an overall examination of the Balance Sheet, we report that funds raised on short-term basis have not been used during the year for long-term investment. 12. 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 deloitte Haskins & Sells Chartered Accountants (Registration No. 117366W) P. B. Pardiwalla Place : Mumbai Partner Date : 30 May 2012 Membership No. 40005