Company Overview Financial Statements Notice Statutory Reports 39 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 Annexure B to the Independent Auditor’s Report Referred to in paragraph 2 under the ‘Report on other legal and regulatory requirements’ section of our report of even date. To the best of our information and explanations provided to us by the Company and the books of account and records examined by us in the normal course of audit, we state that: 01. a) In respect of the proper ty, plant and equipment , capital work-in-progress, right-of-use assets and intangible assets of the Company: i) The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment, and relevant details of right-of-use asset. ii) The Company has maintained proper records showing ful l par ticulars of intangible assets. b) The Company has a program of verification of property, plant and equipment, capital work- in-progress and right-of-use asset so as to cover all the items in a phased manner once in every three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the program, no such asset were due for physical verification during the year. Since no physical verification of property, plant and equipment was due during the year the question of reporting on material discrepancies notes on verification does not arise. c) The Company does not have any immovable properties other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee and hence reporting under Clause (i)(c) of the Order is not applicable. d) The Company has not revalued any of its property, plant and equipment (including right-of-use assets) and intangible assets during the year. e) No proceedings have been ini t iated during the year or are pending against the Company as at 31 March, 2024, for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder. 02. a) The inventories except goods-in-transit were physically verified during the year by the Management at reasonable intervals. In our opinion, the coverage and procedure of such verification by the Management is appropriate having regard to the size of the Company and the nature of its operations. In respect of goods-in-transit, the goods have been received subsequent to the year end. No discrepancies of 10% or more in the aggregate for each class of inventories were noticed on such physical verification of inventories, when compared with the books of account. b) At any point of time of the year, the Company has not been sanctioned anyworking capital facility from banks or financial institutions and hence reporting under Clause (ii)(b) of the Order is not applicable. 03. The Company has not made any investments in, provided any guarantee or security, and granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties during the year, and hence reporting under clause (iii) of the Order is not applicable. 04. According to the information and explanation given to us, the Company has not granted any loans, made investments or provided guarantees and hence reporting under clause (iv) is not applicable. 05. The Company has complied with the provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014 as amended, with regard to the deposits accepted and amounts deemed to be deposits accepted. According to the information and explanation given to us, no order has been passed by the Company Law Board or the National Company LawTribunal or the Reserve Bank of India or any Court or any other Tribunal against the Company in this regard.
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