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Standalone Financials
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
(xiii) Based on our examination of the records and the information and explanations given to us, the Company has not granted any loans
and advances on the basis of security by way of pledge of shares, debentures and other securities.
(xiv) In our opinion and according to the information and explanations given to us, the Company has not given any guarantee for loans
taken by others from banks or financial institutions. Accordingly, the provisions of clause (xv) of Paragraph 4 of the Companies (Auditor’s
Report) Order, 2003 are not applicable to the Company.
(xv) In our opinion and according to the information and explanations given to us, the term loans have been applied for the purposes for
which they were obtained.
(xvi) In our opinion and according to the information and explanations given to us and on an overall examination of the Balance Sheet of
the Company, as at March 31, 2012, we report that funds raised on short term basis of `3,595.61 Crores have been used during the year
for long-term investment. Further the Company has explained that steps are being taken to augment long term funds.
(xvii) According to the information and explanations given to 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.
(xviii) According to the information and explanations given to us, during the period covered by our audit report, the Company has not issued
any secured debentures. .
(xix) According to the information and explanations given to us, during the year covered by our audit report, the Company has not raised
any money by public issue.
(xx) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material
fraud on the Company has been noticed or reported during the year.
For
DELOITTE HASKINS & SELLS
Chartered Accountants
(Registration No. 117366W)
N. VENKATRAM
Partner
MUMBAI, May 29, 2012.
(Membership No.71387)
ANNEXURETOTHEAUDITORS’REPORT
FINANCIAL HIGHLIGHTS (32-45)