URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....

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(ix) (a) According to the information and explanations given to us, the company has generally been regular in depositing undisputed statutory dues including Provident Fund, Income-tax, Sales-tax, Service-tax, Custom Duty, Excise Duty, Cess and any other statutory dues with the appropriate authorities. We are informed that Employees' State Insurance is not applicable to the Company. However, an amount of Rs. 0.93 lakh representing Wealth Tax Liability for prior periods has not been paid. (x) (b) According to the information and explanations given to us, the dues of sales tax, which have not been depositing on account of any dispute, and the forum where the dispute is pending are as under :- Nature of Nature of Amount Forum where Year the Statute the dues (Rs.) dispute is Pending Sales Tax Act Sales Tax 72,91,833 Assessing 1994-95 to Authority 2001-02 The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the current financial year and in the immediately preceding financial year. (xiii) (xiv) The Company is not a Chitfund, Nidhi/ Mutual Benefit fund/Society. The Company is not dealing or trading in shares, securities, debentures and other investments. (xv) According to the information and explanations given to us, the company has not given any guarantee for loans taken by other from banks or financial institutions. (xvi) The Company has not obtained any term loan. (xvii) According to the information and explanations given to us, we report that no funds raised on short-term basis have been used for long-term investment. (xviii) According to the information and explanation given to us, the company has not made any preferential allotment of shares to any party/ company during the year. (xix) (xx) The Company has not issued any debentures. The Company has not raised any money by way of public issues. (xxi) According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year. (xi) The Company has not defaulted in repayment of dues to a financial institution or bank. The Company has not issued any debentures. For Harodia Agarwal Sharma & Co. Chartered Accountants (xii) The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Place : Jaduguda Date : 26th June, 2007 K. K. Harodia Partner Membership No. 034751 30
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619(4) OF THE COMPANIES ACT 1956 ON THE ACCOUNTS OF URANIUM CORPORATION OF INDIA LIMITED FOR THE YEAR ENDED 31st MARCH 2007 The preparation of financial statements of Uranium Corporation of India Limited for the year ended 31 March 2007 in accordance with the financial reporting framework prescribed under the Companies Act, 1956 is the responsibility of the management of the Company. The statutory auditor appointed by the Comptroller and Auditor General of India under Section 619(2) of the Companies Act, 1956 is responsible for expressing opinion on these financial statements under section 227 of the Companies Act, 1956 based on independent audit in accordance with the auditing and assurance standards prescribed by their professional body the Institute of Chartered Accountants of India. This is stated to have been done by them vide their Audit Report dated 28.06.2007. I on the behalf of the Comptroller and Auditor General of India have conducted a supplementary audit under section 618(3) (b) of the Companies Act, 1956 of the financial statements of Uranium Corporation of India Limited for the year ended 31 March 2007. This supplementary audit has been carried out independently without access to the working papers of the statutory auditors and is limited primarily to inquiries of the statutory auditors and company personnel and a selective examination of some of the accounting records. On the basis of my audit nothing significant has come to my knowledge which would give rise to any comment upon or supplement to Statutory Auditors' report under section 619(4) of the Companies Act, 1956. Place : Kolkata Dated : 01.08.2007 B. MAZUMDAR Principal Director of Commercial Audit & Ex-Officio Member Audit Board-II Kolkata 31
Page 1 and 2: URANIUM CORPORATION OF INDIA LIMITE
Page 3 and 4: BOARD OF DIRECTORS Shri R. Gupta Ch
Page 5 and 6: NOTICE Notice is hereby given that
Page 7 and 8: successfully conducted and MOEF has
Page 9 and 10: 1.2 Operating Performance :
Page 11 and 12: 1.4 MOU Performance : Performance o
Page 13 and 14: 12.0 Corporate Governance : A repor
Page 15 and 16: the company at the end of the finan
Page 17 and 18: (b) (c) (d) (e) A series of leachin
Page 19 and 20: The remuneration of the whole-time
Page 21 and 22: COMPANY’S FINANCIAL POSITION Summ
Page 23 and 24: WHAT THE COMPANY EARNED AND SPENT S
Page 25 and 26: 300 281.56 295.52 250 254.97 213.97
Page 27 and 28: AUDITOR'S REPORT To, The Members of
Page 29: ANNEXURE TO THE AUDITORS' REPORT (R
Page 33 and 34: Profit and Loss Account for the yea
Page 35 and 36: RESERVES AND SURPLUS SCHEDULE - 2 A
Page 37 and 38: ASSETS SCHEDULE - 3 D E P R E C I A
Page 39 and 40: CURRENT ASSETS, LOANS AND ADVANCES
Page 41 and 42: 1. Advances recoverable in Cash or
Page 43 and 44: CURRENT LIABILITIES AND PROVISIONS
Page 45 and 46: SCHEDULE - 10 INCREASE/(DECREASE) I
Page 47 and 48: OTHER EXPENSES SCHEDULE - 12 2006-0
Page 49 and 50: AMENITIES (INCLUDING GUEST HOUSE) o
Page 51 and 52: 6. VALUATION OF INVENTORIES : a) Me
Page 53 and 54: NOTES ON ACCOUNTS SCHEDULE - 15 1.
Page 55 and 56: 15. Deferred Tax Liability comprise
Page 57 and 58: 19. Related party disclosure : Part
Page 59 and 60: INFORMATION PURSUANT TO PART IV OF
Page 61: (Rs. in Lakh) Profit/Loss Capital L

URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....

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