Page 155 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 60-146 Standalone

Annexure A to the Independent Auditors’ Report-

March 31 2021

With reference to the Annexure A referred to in the Independent unsecured, to companies, firms, limited liability partnerships
Auditors’ Report to the members of the Company on the or other parties covered in the register maintained under
Standalone Financial Statements for the year ended March 31 Section 189 of the Companies Act, 2013 (‘the Act’).
2021, we report the following: Accordingly, paragraphs 3 (iii) (a), (b) and (c) of the Order are
not applicable to the Company.
(i) (a) The Company has maintained proper records showing
full particulars, including quantitative details and (iv) In our opinion and according to the information and
situation of property, plant and equipment and explanations given to us, the Company has complied with
investment properties. the provisions of Sections 185 and 186 of the Companies Act,
2013 in respect of grant of loans, making investments and
(b) The Company has a programme of physical verification providing guarantees and securities, as applicable.
of its property, plant and equipment and investment
properties by which the property, plant and (v) In our opinion, and according to the information and
equipment and investment properties are verified by explanations given to us, the Company has not accepted
the management according to a phased programme deposits as per the directives issued by the Reserve Bank
designed to cover all the items over a period of three of India and the provisions of Sections 73 to 76 or any
years. In our opinion, this periodicity of physical other relevant provisions of the Act and the rules framed
verification is reasonable having regard to the size of thereunder. Accordingly, paragraph 3 (v) of the Order is not
the Company and the nature of its assets. In accordance applicable to the Company.
with the policy, the Company has physically verified (vi) We have broadly reviewed the books of account maintained
certain property, plant and equipment and investment by the Company pursuant to the rules prescribed by the
properties during the year, and we are informed that Central Government for the maintenance of cost records
the discrepancies were not material and have been under Section 148(1) of the Act for soda ash, caustic soda lye,
properly dealt with in the books of account.
sodium bicarbonate, clinker, cement and liquid bromine, and
(c) According to the information and explanations given to are of the opinion that prima facie, the prescribed accounts
us and on the basis of our examination of the records of and records have been made and maintained. However, we
the Company, the title deeds of immovable properties have not made a detailed examination of the cost records
of land and buildings as disclosed in Note 4 and Note with a view to determine whether they are accurate or
5 to the Standalone Financial Statements, are held in complete.
the name of the Company, except for freehold land in (vii) (a) According to the information and explanations given
Mambattu, Nellore admeasuring 1,62,095.63 sq. meters to us and on the basis of our examination of the
and amounting to ` 15.05 crores, where the Company records of the Company, amounts deducted/accrued
is in the process of entering into a Land Sale Agreement in the books of account in respect of undisputed
with the Government of Andhra Pradesh.
statutory dues including Provident fund, Income-tax,
(ii) The inventory, except for goods-in-transit and stocks Duty of customs, Employees’ State Insurance, Goods
lying with third parties, has been physically verified by the and Service tax, Cess and other material statutory dues
management during the year. In our opinion, the frequency have been regularly deposited during the year with the
of such verification is reasonable. In respect of stocks lying appropriate authorities.
with third parties at the year-end, written confirmations have According to the information and explanations given
been obtained. The discrepancies noticed on verification to us, there are no dues in respect of Sales-tax, Value
between the physical stocks and the book records were not added tax, Duty of excise and Service tax payable by
material and have been properly dealt with in the books of the Company.
account.
According to the information and explanations given
(iii) According to the information and explanations given to to us, no undisputed amounts payable in respect of
us, the Company has not granted any loans, secured or Provident fund, Profession tax, Income-tax, Employees’

153