Year : 2010-11 - CCL

ANNUAL REPORT 2010-11 ________________________________________________________
AUDITORS’ REPORT
MANAGEMENT’S REPLY
the financial year covered by our audit or in
the immediately preceding financial year.
11. Based on our audit procedures and
according to the information and
explanations given to us, we are of the
opinion that the Company has not defaulted
in repayment of dues to financial institutions,
banks or debenture holders.
No comments.
12. The Company has not granted any Loans
& Advances on the basis of security by way
of pledge of shares, debentures and other
securities.
No comments.
13. In our opinion, the Company is not a chit
fund or a Nidhi/Mutual benefit fund/society.
Therefore, clause 4(xiii) of the Companies
(Auditor’s Report) Order, 2003 is not
applicable to the Company.
No comments.
14. The Company has not done any
transactions for trading in Shares,
securities, debentures and other
investments. The Company has maintained
proper records of transactions and contracts
in respect of power bonds allotted to the
company by Power companies under
tripartite agreement. All power bonds have
been held by the Company in its own name.
15. The Company has not given guarantees for
loans taken by others. However, The
company through its’ holding company CIL
entered into an agreement with State Bank
of India consortium to avail cash credit
facility and charge has been created against
the Current Assets of the Company
amounting to 8300.00 lacs in favour of
State Bank of India and members of its
consortium for a loan of 8300.00 lacs.
However, the said facilities have not been
availed by the company during the year.
No comments.
No comments.
126