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Vedanta Ltd.

BSE: 500295 | NSE: VEDL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE205A01025 | SECTOR: Mining & Minerals

BSE Live

Jul 15, 16:00
109.05 0.30 (0.28%)
Volume
AVERAGE VOLUME
5-Day
889,670
10-Day
844,767
30-Day
1,708,477
394,766
  • Prev. Close

    108.75

  • Open Price

    109.30

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jul 15, 15:59
109.10 0.20 (0.18%)
Volume
AVERAGE VOLUME
5-Day
19,676,384
10-Day
17,776,537
30-Day
24,688,233
13,209,067
  • Prev. Close

    108.90

  • Open Price

    108.90

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    109.10 (11085)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Auditor's Report

We have audited the attached Balance Sheet of SESA GOA LIMITED, Panaji, Goa, as at 31st March, 2008, the Profit and Loss Account for the year ended on that date and also the cash flow statement for the year ended on that date annexed thereto. 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 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 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 fniancial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of sub- section (4A) 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 in sub-section (3C) of Section 211 of the Companies Act, 1956; v) Based on the written representations made by the Directors of the Company we report that none of the Directors is disqualifed as on 31st March, 2008 from being appointed as Director in terms of Clause (g) of Sub-Section (1) of Section 274 of the Companies Act, 1956; vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read alongwith the 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: a) in so far as it relates to the Balance Sheet, of the state of affairs of the Company, as at 31st March, 2008; b) in so far as it relates to the Profit and Loss Account, of the Profit for the year ended on that date; and c) in so far as it relates to the Cash Flow Statement, of the cash flows for the year ended on that date. Annexure to Auditors Report Referred to in Paragraph 3 of our Report of Even Date 1. a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification. c) In our opinion the Company has not disposed off substantial part of fixed assets during the year and the going concern status of the company is not affected. 2. a) As explained to us, Inventories have been physically verified during the year by the management. In our opinion the frequency of verification is reasonable. b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business. c) The Company is maintaining proper records of inventories. The discrepancies noticed on verification between the physical stocks and the book records were not material. 3. a) The Company has not granted loans secured or unsecured to companies, firms or parties covered in the register maintained under Section 301 of the Act. b) The Company has not taken any loans secured or unsecured from Companies, firms or other parties covered in the register maintained under Section 301 of the Act. 4. 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 and fixed assets and for the sale of goods and services. During the course of our audit, we have not observed any major weaknesses in internal control systems. 5. According to the information and explanations given to us, the company has not entered into any contracts or arrangements referred to in Section 301 of the Act. 6. The Company has not accepted deposits from the public. 7. In our opinion, the Company has an internal audit system commensurate with the size and nature of its business. 8. The maintenance of cost records under Section 209 (i) (d) of the Companies Act, 1956 is not applicable to the Company. 9. In respect of Statutory dues. a) According to the records of the company undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, VAT, Wealth Tax, Service Tax, Customs Duty, Excise duty, cess and other material statutory dues have been generally regularly deposited with the appropriate authorities. According to the information and explanations given to us no undisputed amounts payable in respect of the aforesaid dues were outstanding as at 31st March, 2008 for a period of more than six months from the date of becoming payable. b) According to the information and explanations given to us there are no dues of Service-tax, Customs-tax, Wealth-tax, VAT, Excise duty and Cess which have not been deposited on account of any dispute. In respect of Income-tax and Sales-tax the disputed statutory dues aggregating to Rs. 1.52 Crores that have not been deposited on account of matters pending before appropriate authorities are as under: Sr. Name of Forum where Amount No. statute dispute is Rs. (crores) pending 1. Income Tax Goa Bench High 0.11 Court 2. Income Tax CIT (Appeals) Panaji 0.25 3. Sales Tax Administrative 0.53 Tribunal for Goa Additional Commissioner of Sales Tax 0.63 Total 1.52 10. The Company has no accumulated losses and has not incurred any cash losses during the financial year covered by our audit, or in the immediately preceding financial year. 11. Based on our audit procedure and according to the information and explanations given to us, we are of the opinion that the company has not defaulted in repayment of dues to financial institutions and banks. The Company has no debenture holders. 12. In our opinion and according to the information and explanations given to us, no loans and advances have been granted by the company on the basis of security by way of pledge of shares, debentures and other securities. 13. In our opinion, the company is not a chit fund or a nidhi/ mutual benefit fund/society. Therefore, the provisions of Clause 4(xiii) of the Companies (Auditors Report) Order, 2003 are not applicable to the company. 14. In our opinion, the company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of Clause 4(xiv) of the Companies (Auditors Report) Order, 2003 are not applicable to the company. 15. The company has not given guarantees for loans taken by others from banks or financial institutions. 16. The company has not raised any new term loans during the year. 17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that no funds raised on short-term basis have been used for long-term investments. 18. During the year 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 during the year, nor did it have any outstanding debentures at the beginning of the year. 20. The Company has not raised any money by way of public issue during the year. 21. In our opinion and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the year that causes the financial statements to be materially misstated. (S. J. Thaly) FOR S. J. THALY & CO. CHARTERED ACCOUNTANTS Place : Panaji-Goa Partner Date : 28 April, 2008 Membership No. 3588