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AMINES & PLASTICIZERS LTD

STATUTORYAUDIT :

The Company had appointed M/s BDG&Associates, CharteredAccountants (FirmRegistration No. 119739W),
Mumbai,as the Statutory Auditors of the Company for a period of 5 years at the 42nd Annual General Meeting (AGM)
held in the year 2017 on a remuneration as may be mutually agreed upon by the Board of Directors and Statutory
Auditors.Their appointment was subject to ratification by the Members at every subsequent Annual General Meeting
held after the said AGM. Pursuant to the amendments made to Section 139 of the Companies Act, 2013 by the
Companies (Amendment) Act,2017 effective May 7,2018,the requirement of seeking ratification of the Members for
the appointment of the Statutory Auditors has been done away with.Further, pursuant to the said amendment, the
Company had passed a resolution ratifying the appointment of Auditors for remaining of their tenure in the previous
AGM held on 27th September,2018.Hence the resolution seeking ratification of the Members for continuance of their
appointment at this AGM is not being sought and they will continue to be Statutory Auditor of the Company till the
expiryoftheiroriginalterm.

The requisite certificate / declaration as required under Sections 139(1), 141, of the Companies Act, 2013 have been
received from them. There is no audit qualification, reservation or adverse remark by Statutory Auditors on the
FinancialStatementsfortheyearunderreview.

COSTAUDIT :

As per the requirement of the Central Government and pursuant to Section 148 of the Companies Act,2013 read with
the Companies (Cost Records and Audit) Rules,2014 as amended from time to time,your Company has been carrying
outauditofcostrecordsoftheCompanyeveryyear.

The Board of Directors on the recommendation of the Audit Committee has appointed M/s A.G.Anikhindi & Co,Cost
Accountants,Kolhapur,Maharashtra as Cost Auditors to audit the cost accounts of the Company for the financial year
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2019-20 at a remuneration of 2,15,000/- per annum plus taxes as applicable and reimbursement of out of pocket
expenses.As required under the Companies Act,2013 a resolution seeking members’approval for ratification of the
remuneration payable to the Cost Auditor forms a part of the Notice convening the 44th Annual General Meeting.The
Cost Audit Report for the financial year 2017-18 was filed in Form CRA -4 with the Ministry of Corporate Affairs,
GovernmentofIndiaonOctober23,2018.

SECRETARIALAUDIT :
Pursuant to the provisions of Section 204 of the Companies Act,2013 and rules made thereunder,the Company has
appointed M/s SK Makhija & Associates, Practicing Company Secretary (CP No. 13322), Mumbai to carry out the
Secretarial Audit of the Company.The Secretarial Audit Report for the period 01st April, 2018 to 31st March, 2019 is
includedasAnnexure3andformsanintegralpartofthisReport.Thereisnosecretarialauditqualificationinthereport
fortheyearunderreview.

INTERNALCONTROLSYSTEMSANDTHEIRADEQUACY :

The Company has in place Internal Financial Control system commensurate with the size, scale and business
operations, which are constantly assessed and strengthened with new / revised standard operating procedures. It
ensures proper recording of financial and operational information and compliance of various internal controls and
other regulatory and statutory compliances.The Company has adopted accounting policies which are in line with the
Indian Accounting Standards notified under Section 133 and other applicable provisions, if any, of the Act read
together with the Companies (Indian Accounting Standards) Rules,2015.During the year under review,no material or
serious observation have been reported by the Internal Auditors of the Company for inefficiency or inadequacy of
suchcontrols.
YourCompany’sFinancialStatementsarepreparedonthebasisoftheSignificantAccountingPoliciesthatareselected

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BOARDS REPORT