Amal Ltd 2018-19

Amal Ltd | Annual Report 2018-2019 Annexure B to the Independent Auditor’s Report (Referred to in paragraph 2 under ‘Report on other legal and regulatory requirements’ section 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) Some of the fixed assets were physically verified during the year by theManagement in accordance with a regular programme of verification which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation given to us, no material discrepancies were noticed on such verification. c) According to the information and explanations given to us and the records examined by us and based on the examination of the registered sale deed | transfer deed | conveyance deed provided to us, we report that, the title deeds, comprising all the immovable properties, are held in the name of the Company as at the Balance Sheet date, except for the following land and buildings: Particulars of the land and building Gross Block as at March 31, 2019 ( ` 000) Net Block as at March 31, 2019 ( ` 000) Remarks Freehold land at Ankleshwar 333 333 The title deeds are in the name of Amal Products Limited, former name of the Company. Freehold land at Atul 220 220 Leasehold land at Ankleshwar 2,885 2,701 Building (residential flat) at Atul 232 206 Building (residential flats) at Ankleshwar 838 743 The title deeds are in the name of Amal Rasayan Limited, former name of the Company. 2. As explained to us, the inventories (other than goods in transit) were physically verified during the year by the Management at reasonable intervals and no material discrepancies were noticed on physical verification. 3. The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under Section 189 of the Companies Act, 2013 (the Act). 4. The Company has not granted any loans, made investments other than in mutual funds or provided guarantees and hence reporting under Clause (iv) of the Order is not applicable. 5. According to the information and explanations given to us, the Company has not accepted any deposit during the year and unclaimed deposits, hence reporting under Clause (v) of the Order is not applicable. 6. The maintenance of cost records has not been specified by the Central Government under Section 148(1) of the Act. 7. According to the information and explanations given to us, in respect of statutory dues: a) The Company has generally been regular in depositing undisputed statutory dues, including provident fund, employees’ state insurance, income tax, cess, goods and service tax and other material statutory dues applicable to it to the appropriate authorities. b) There were no undisputed amounts payable in respect of provident fund, employees’ state insurance, income tax, cess, goods and service tax and other material statutory dues in arrears as at March 31, 2019 for a period of more than six months from the date they became payable.