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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 16, 16:00
108.80 -0.25 (-0.23%)
Volume
AVERAGE VOLUME
5-Day
692,293
10-Day
837,653
30-Day
1,659,791
795,178
  • Prev. Close

    109.05

  • Open Price

    109.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jul 16, 15:59
108.90 -0.20 (-0.18%)
Volume
AVERAGE VOLUME
5-Day
15,840,200
10-Day
17,956,195
30-Day
23,864,091
17,344,902
  • Prev. Close

    109.10

  • Open Price

    109.30

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    108.90 (11836)

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 SESA GOA LIMITED as at 31st March, 2009, and the Profit and Loss Account and the Cash Flow Statement of the Company for 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. 2. 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 check 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. 3. As required by the Companies (Auditors Report) Order, 2003, (the Order) issued by the Central Government of India in terms of Section 227 (4A) of the Companies Act, 1956, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order, to the extent applicable to the Company. 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 it appears from our examination of those books; (c) the Balance Sheet, the Profit and Loss Account 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 Profit and Loss Account and the Cash Flow Statement dealt with by this report comply with Accounting Standards referred to in Section 211(3C) 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 31st March, 2009; (ii) in the case of the Profit and Loss Account, 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 for the year ended on that date. 5. 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 is disqualified as on 31st March, 2009 from being appointed as Director of the Company 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. In respect of the Companys fixed assets: (a) In our opinion and according to the information and explanations given to us, the Company has maintained proper records showing full particulars, including quantitative details and location of its fixed assets. (b) According to the information and explanations given to us, the fixed assets of the Company covering all locations have been physically verified by the management during the year in accordance with the programme of verification. In our opinion, the program provides for physical verification of all fixed assets at reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification. (c) During the year, the assets disposed off by the Company do not, in our opinion, constitute a substantial part of its fixed assets. 2. In respect of its inventories: (a) As explained to us, inventories were physically verified during the year by the management. 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) 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 verification between the inventories physically verified and the book records. 3. According to the information and explanations given to us, the Company has not granted or taken any secured or unsecured loan to or from companies, firms and other parties covered in the Register maintained under Section 301 of the Companies Act, 1956. Consequently the provisions of paragraph 4(iii)(a) to 4(iii)(g) of the Order are not applicable. 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 and services. During the course of our audit, we have neither come across nor have we been informed about any instances of major weaknesses in the aforesaid internal control systems. 5. According to the information and explanations given to us, the Company has not entered into any contract or arrangement with other parties, which needs to be entered in the Register maintained under Section 301 of the Companies Act, 1956. 6. The Company has not accepted deposits from the public, hence the provisions of paragraph 4(vi) of the Order is not applicable to the Company. 7. In our opinion, the internal audit function carried out during the year by a firm of Chartered Accountants appointed by the management have been commensurate with the size of the Company and the nature of its business. 8. To the best of our information and according to the information and explanation given to us, the Central Government has not prescribed maintenance of cost records under Section 209(1)(d) of the Companies Act, 1956 in respect of the Companys products. 9. According to the information and explanations given to us in respect of statutory and other dues: (a) During the year, the Company has been regular in depositing undisputed statutory dues relating to provident fund, income tax, sales tax, wealth tax, service tax, customs duty, excise duty, cess and other material statutory dues applicable to it. We have been informed that no sums were payable in respect of investor education and protection fund. (b) During the year, the Company was generally regular in depositing dues relating to employees state insurance. (c) According to the information and explanations given to us, no undisputed statutory dues were payable in respect of provident fund, investor education and protection fund, employees state insurance, wealth tax, service tax, customs duty, cess, royalty and income tax which were in arrears for a period of more than six months from the date they became payable. (d) As at 31st March, 2009 according to the information and explanations given to us, the following are particulars of disputed statutory dues and amounts that have not been deposited: Name of the Statute Nature of dues Amount (Rupees in crores) Income Tax Act,1961 Income Tax 0.45 Sales Tax Sales Tax 0.53 Sales Tax Sales Tax 0.63 Period to which the amount Forum where the dispute is pending relates Assessment Year 2005-06 Commissioner of Income Tax (Appeals> Panjal 1987-88 to 1990-91 Administrative Tribunal for Goa 1977-98 to 2000-01 Additional Commissioner of Sales Tax 10. The Company does not have any accumulated losses. The Company has not incurred cash losses during the current financial year and in the immediately preceding financial year. 11. According to the information and explanations given to us, the Company has not taken any term loan from a bank or financial institution or borrowed any sum against issue of debentures. Therefore, the provisions of paragraph 4(xi) of the Order is not applicable to the Company. 12. According to the information and explanations given to us and the records examined by us, the Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other investments. Therefore, the provisions of paragraph 4(xii) of the Order are not applicable to the Company. 13. In our opinion and according to the information and explanations given to us, the Company is not a chit fund, niddhi or a mutual benefit society. Therefore the provisions of paragraph 4(xiii) of the Order are not applicable to the Company. 14. In our opinion and according to the information and explanations given to us, the Company is not a dealer or trader in shares securities or debentures and other investments. Therefore the provisions of paragraph 4(xiv) of the Order are not applicable to the Company. 15. According to the information and explanations given to us, and the records examined by us, the Company has not given any guarantee for loans taken by others from banks or financial institutions. 16. To the best of our knowledge and belief and according to the information and explanations given to us, there were no amounts pending application in respect of term loans outstanding as at the beginning of the year nor were there any additional amounts availed against term loans during the year. Therefore the provisions of paragraph 4(xvi) of the Order are not applicable to the Company. 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, funds raised on short term basis have, prima facie, not been used during the year for long term investment. 18. According to the information and explanations given to us, the Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under Section 301 of the Companies Act, 1956. 19. According to the information and explanations given to us and the records examined by us, the Company has not issued any debentures that were outstanding at any time during the year. 20. According to the information and explanations given to us and the records examined by us, the Company has not raised money by public issues during the year. 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 year. For DELOITTE HASKINS & SELLS, Chartered Accountants SANJIV V. PILGAONKAR Partner Membership No. 39826 Place: Mumbai Date: 20th April, 2009