Page 187 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Standalone

Annexure A to the Independent Auditors’ Report

With reference to the Annexure A referred to in the in a phased manner over a period of three years. In
Independent Auditors’ Report to the members of the accordance with this programme, certain property,
Company on the Standalone Financial Statements for the plant and equipment and investment properties were
year ended March 31, 2022, we report the following: verified during the year. In our opinion, this periodicity
(i) a) (A) The Company has maintained proper records of physical verification is reasonable having regard to the
showing full particulars, including quantitative size of the Company and the nature of its assets. We are
details and situation of Property, Plant and informed that the discrepancies were not material and
Equipment, Right-of-Use Assets and investment have been properly dealt with in the books of account.
properties. c) According to the information and explanations given
a) (B) The Company has maintained proper records to us and on the basis of our examination of the
showing full particulars of intangible assets. records of the Company, the title deeds of immovable
b) According to the information and explanations given to properties (other than immovable properties where
us and on the basis of our examination of the records of the Company is the lessee and the leases agreements
the Company, the Company has a regular programme of are duly executed in favour of the lessee) as disclosed in
physical verification of its Property, Plant and Equipment Note 4 to the Standalone Financial Statements are held
and investment properties by which all property, plant in the name of the Company except for the following
and equipment and investment properties are verified which are not held in the name of the Company:

Whether promoter, Period held-
Gross Reason for not being held in
Description of director or indicate
property carrying Held in the name of their relative or range, where the name of the company Also
value indicate if in dispute
employee appropriate
freehold land ` 15.05 Andhra Pradesh The Company is in the process of
in Mambattu, crore Industrial Infrastructure No Since 2019 signing necessary documents
Nellore Corporation
Freehold land in * Government of Gujarat No Since 1970 It is under litigation since 2019
Poshitra
Maharashtra Industrial
Leasehold land ` 2.03 Development No Since Dec 2008 Lease deed is not executed
at Nanded Crore
Corporation
* value below ` 50,000/-

d) According to the information and explanations given third parties at the year-end, written confirmations
to us and on the basis of our examination of the records have been obtained and for inward goods-in-transit
of the Company, the Company has not revalued its subsequent evidence of receipts has been linked with
Property, Plant and Equipment (including Right-of-Use inventory records to the extent of goods received.
assets) or intangible assets or both during the year. In our opinion, the frequency of such verification is
e) According to information and explanations given to reasonable and procedures and coverage as followed
us and on the basis of our examination of the records by management were appropriate. No discrepancies
of the Company, there are no proceedings initiated or were noticed on verification between the physical
pending against the Company for holding any benami stocks and the book records that were more than 10%
property under the Prohibition of Benami Property in the aggregate of each class of inventory.
Transactions Act, 1988 and rules made thereunder. b) According to the information and explanations given
(ii) a) The inventory, except goods-in-transit and stocks lying to us and on the basis of our examination of the records
with third parties, has been physically verified by the of the Company, the Company has been sanctioned
management during the year. For stocks lying with working capital limits in excess of five crore rupees, in

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