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AMINES & PLASTICIZERS LTD

INDEPENDENT AUDITORS' REPORT

AnnexureAtoIndependentAuditors’Report
Based on the audit procedures performed for the purpose of reporting a true and fair view on the standalone
financial statements of the Company and taking into consideration the information and explanations given to us
and the books of account and other records examined by us in the normal course of audit,and to the best of our
knowledgeandbelief,wereportthat:
1. (a) The Company has maintained proper records showing full particulars,including quantitative details and situation,
offixedassets.
(b) The fixed assets of the Company have been physically verified by the Management during the year and no material
discrepancieshavebeennoticedonsuchverification. Inouropinion,thefrequencyofverificationisreasonable.
(c) The title deeds of all the immovable properties (which are included under the Note 3 - ‘Property, plant and
equipment’)areheldinthenameoftheCompany.
2. The Inventory physical verification have been conducted at reasonable intervals by the Management during the
year, except for goods-in-transit and stocks lying with third parties. For stocks lying with the third parties at the
yearend, written confirmations have been obtained by the management.The discrepancies noticed on physical
verificationofinventorybyManagementascomparedtobookrecordswerenotmaterial.
3. The Company has granted unsecured loans,to companies covered in the register maintained under Section 189 of
theAct.
a) In respect of the aforesaid loans,the terms and conditions under which such loans were granted are not prejudicial
totheCompany’sinterest.
b) In respect of the aforesaid loans,the schedule repayment of principal and payment of interest has been stipulated,
and the parties are repaying the principal amounts, as stipulated, and are also regular in payment of interest as
applicable.
In respect of exposure to one of the subsidiary APL Infotech Limited,where the total value of investment and loans
(with Interest) aggregating to Rs. 681.01 lakhs, as explained the company is under the process of upgrading the
softwarebasedonthefeedbackreceivedfromprospectiveusers.AsinformedtheCompanyhasalsoinitiatedsteps
to explore commercial propositions for generating revenues from the software.The company is also hopeful of
identifying suitable tie ups with software companies for the software in coming years which will generate cash
flows that will facilitate to repay its principal and interest accrued thereon at the earliest and on the basis of such
representation by the management, the terms and conditions of the aforesaid loan has not been considered
prejudicialtotheinterestoftheCompany.
c) Inrespectoftheaforesaidloans,thereisnoamountwhichisoverdueforloansgrantedtotheseCompanies
4. In our opinion,and according to the information and explanations given to us,the Company has compliedwith the
provisions of Section 185 and 186 of the Companies Act 2013 in respect of the loans and investments made and
guaranteesandsecurityprovidedbyit.
5. In our opinion and according to the information and explanations given to us, the Company has not accepted
deposits from the public within the meaning of section 73 to 76 of the Companies Act 2013,and the rules framed
thereundertotheextentnotified.
6. PursuanttotherulesmadebytheCentralGovernmentofIndia,theCompanyisrequiredtomaintaincostrecordsas
specified under Section 148(1) of the Act in respect of its products.We have broadly reviewed the same,and are of
the opinion that,prima facie,the prescribed accounts and records have been made and maintained.However,we
havenot,however,madeadetailedexaminationoftherecordswithaviewtodeterminewhethertheyareaccurate
orcomplete.
7. Inrespectofstatutorydues:
a) AccordingtotheinformationandexplanationsgiventousandaccordingtotherecordsoftheCompanyexamined
by us, in our opinion, the Company is generally regular in depositing undisputed statutory dues including
Provident Fund, Employee’s’ State Insurance, Income Tax, Sales Tax, Service Tax, Custom Duty, Excise Duty, Value
Added Tax, Cess, Goods and Services Tax and any other material statutory dues with the appropriate authorities,
whereverapplicable.
Further,no undisputed amounts payable in respect of aforesaid dues were outstanding as at March 31,2019 for a
periodofmorethan6monthsfromthedatetheybecamepayable.

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INDEPENDENT AUDITORS' REPORT