Annual Reports - Indraprastha Gas Limited
Annual Reports - Indraprastha Gas Limited Annual Reports - Indraprastha Gas Limited
9. According to the information and explanations given to us and the records of the Company examined by us: a. The Company has generally been regular in depositing its undisputed statutory dues including Provident Fund, Employees’ State Insurance, Income Tax, Sales Tax, Service Tax, Custom Duty, Excise Duty, Cess and other statutory dues within the prescribed time with the appropriate authorities during the year and there are no undisputed amounts payable in respect of these dues which have remained outstanding as at 31 March, 2009 for a period of more than six months from the date they became payable. We are informed that the Company’s operations, during the year, did not give rise to any liability for Investor Education and Protection Fund and Wealth Tax. b. According to the information and explanations given to us, the dues of Income Tax and Trade Tax, which have not been deposited by the Company on account of various disputes are as follows: Name of Nature Amount Amount Period to Forum where Statute of Dues Demanded Paid under which the the dispute (Rs.) protest amount is pending (Rs.) relates Income Tax Income Tax 143,053 71,600 Assessment Income Tax appellate Act, 1961 Year 2001-2002 Tribunal, Delhi Income Tax Income Tax 27,320 - Assessment Remanded back by Act, 1961 Year 2002-2003 Income Tax Appellate Tribunal, Delhi to Assessing Officer Income Tax Income Tax 13,189,332 1,747,116 Assessment Remanded back by Act, 1961 Year 2003-2004 Income Tax Appellate Tribunal, Delhi to Assessing Officer Income Tax Income Tax 5,581,256 - Assessment Commissioner of Act, 1961 Year 2003-2004 Income Tax (Appeals) Income Tax Income Tax 9,599,124 4,800,000 Assessment Remanded back by Act, 1961 Year 2004-2005 Income Tax Appellate Tribunal, Delhi to Assessing Officer Income Tax Income Tax 34,009,173 25,500,186 Assessment Remanded back by Act, 1961 Year 2005-2006 Income Tax Appellate Tribunal, Delhi to Assessing Officer Income Tax Income Tax 740,029 740,000 Assessment Commissioner of Act, 1961 Year 2006-2007 Income Tax (Appeals) VAT-UP VAT 1,776,435 863,019 Assessment UP VAT Trade Tax, Year 2007-2008 Appellate Tribunal 1948 We are informed that there are no dues in respect of Wealth Tax, Service tax, Customs Duty, Excise Duty and Cess, which have not been deposited on account of any dispute. 10. The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the financial year and in the immediately preceding financial year. 28
11. Based on our examination of the books of account and related records and according to information and explanation given to us, we are of the opinion that the Company has not defaulted in repayment of dues to its bankers. The Company did not have any outstanding dues to any financial institutions or debenture-holders during the year. 12. According to information and explanation given to us and based on documents and records examined by us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. 13. In our opinion and according to information and explanation given to us, the Company is not a chit fund or a nidhi/mutual benefit fund/society. Accordingly, the provisions of clause 4 (xiii) of the Companies (Auditor’s Report) Order, 2003 are not applicable to the Company. 14. In our opinion and according to information and explanation given to us, the Company does not deal in trading of shares, securities, debentures and other investments. 15. According to information and explanation given to us, the Company has not given any guarantee for loans taken by others from bank or financial institutions during the year. 16. Based on the examination of the books of account and related records and according to the information and explanations given to us, the Company has not availed any term loan during the year. 17. According to the information and explanations given to us, and on an overall examination of the balance sheet of the Company, funds raised on short-term basis have prima facie, not been utilised for long term investment. 18. According to information and explanation given to us and the records of the Company examined by us, the Company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956. 19. According to information and explanation given to us and the records of the Company examined by us, the Company has not issued any debentures. 20. According to information and explanation given to us and the records of the Company examined by us, the Company has not raised any money from public issue during the year under report. 21. According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year. 29 For DELOITTE HASKINS & SELLS Chartered Accountants sd/- JITENDRA AGARWAL Place : Mumbai Partner Date : May 27, 2009 Membership No. 87104
- Page 3 and 4: BOARD OF DIRECTORS Shri B.C. Tripat
- Page 5 and 6: Shri Murli Deora, Hon’ble Union M
- Page 7 and 8: Smt Pratibha Devi Singh Patil, Hon
- Page 9 and 10: Companies (Disclosure of Particular
- Page 11 and 12: Dr. U.D. Choubey, Chairman & Managi
- Page 13 and 14: FORM-B EFFORTS MADE IN TECHNOLOGY A
- Page 15 and 16: REPORT ON CORPORATE GOVERNANCE I. C
- Page 17 and 18: CODE OF CONDUCT The Board of Direct
- Page 19 and 20: DETAILS OF SHAREHOLDERS’ COMPLAIN
- Page 21 and 22: AT NATIONAL STOCK EXCHANGE (NSE) MO
- Page 23 and 24: NON-MANDATORY REQUIREMENTS (1) CHAI
- Page 25 and 26: MANAGEMENT DISCUSSION AND ANALYSIS
- Page 27 and 28: Earnings per share Earnings per sha
- Page 29: ANNEXURE TO THE AUDITORS’ REPORT
- Page 33 and 34: BALANCE SHEET AS AT MARCH 31, 2009
- Page 35 and 36: PROFIT AND LOSS ACCOUNT FOR THE YEA
- Page 37 and 38: CASH FLOW STATEMENT FOR THE YEAR EN
- Page 39 and 40: SCHEDULES FORMING PART OF THE ACCOU
- Page 41 and 42: SCHEDULES FORMING PART OF THE ACCOU
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- Page 47 and 48: 2.4 Depreciation and amortization (
- Page 49 and 50: 4. Estimated amount of contracts re
- Page 51 and 52: c) Value of imported and indigenous
- Page 53 and 54: D. Balance Sheet Reconciliation 51
11. Based on our examination of the books of account and related records and according to information and explanation given<br />
to us, we are of the opinion that the Company has not defaulted in repayment of dues to its bankers. The Company did<br />
not have any outstanding dues to any financial institutions or debenture-holders during the year.<br />
12. According to information and explanation given to us and based on documents and records examined by us, the Company<br />
has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.<br />
13. In our opinion and according to information and explanation given to us, the Company is not a chit fund or a nidhi/mutual<br />
benefit fund/society. Accordingly, the provisions of clause 4 (xiii) of the Companies (Auditor’s Report) Order, 2003 are not<br />
applicable to the Company.<br />
14. In our opinion and according to information and explanation given to us, the Company does not deal in trading of shares,<br />
securities, debentures and other investments.<br />
15. According to information and explanation given to us, the Company has not given any guarantee for loans taken by others<br />
from bank or financial institutions during the year.<br />
16. Based on the examination of the books of account and related records and according to the information and explanations<br />
given to us, the Company has not availed any term loan during the year.<br />
17. According to the information and explanations given to us, and on an overall examination of the balance sheet of the<br />
Company, funds raised on short-term basis have prima facie, not been utilised for long term investment.<br />
18. According to information and explanation given to us and the records of the Company examined by us, the Company has<br />
not made any preferential allotment of shares to parties and companies covered in the Register maintained under section<br />
301 of the Companies Act, 1956.<br />
19. According to information and explanation given to us and the records of the Company examined by us, the Company has<br />
not issued any debentures.<br />
20. According to information and explanation given to us and the records of the Company examined by us, the Company has<br />
not raised any money from public issue during the year under report.<br />
21. According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported<br />
during the year.<br />
29<br />
For DELOITTE HASKINS & SELLS<br />
Chartered Accountants<br />
sd/-<br />
JITENDRA AGARWAL<br />
Place : Mumbai Partner<br />
Date : May 27, 2009 Membership No. 87104
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