Key strategic and business risks are identified and managed by the senior leadership team in the organization. Appropriate resolutions for their re-appointment are being placed for the approval of the shareholders of the Company at the ensuing AGM. There are no significant material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company and its operations in future. The Auditors'' Report for the financial year ended 31 st March, on the financial statements of the Company is a part of this Annual Report. The brief resume of the Directors and other related information has been detailed in the Notice convening the 71 st AGM of the Company. All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on Related Party Transactions formulated in accordance with the provisions of Companies Act, read with the Rules issued there under and the Listing Regulations. Your Company operates in SAP an ERP system, and has many of its accounting records stored in an electronic form and backed up periodically.
Asian Paints Limited (NSE:ASIANPAINT): What Can We Expect From Future Profit Margins?
Will demonetisation impact continue? These risks and the mitigation controls are revisited periodically in the light of changes in business, IT systems, regulations and internal policies. The Company has a well defined process to ensure risks are identified and steps to treat them are put in place at the right level in the management. Champaklal died in July and his son Atul took over. Dividend Distribution Policy 2.
Asian Paints to invest Rs4, crore in new units in Karnataka, Andhra Pradesh - Livemint
The procedures selected depend on the auditors'' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. This page was last edited on 4 April , at Ketki Visariya as the Cost Auditor of your Company for the financial year This would enable utilization of respective strengths in order to capture the growth in infrastructure development and globally driven markets in India. As required by Section 3 of the Act, based on our audit, we report, to the extent applicable that:. The key strategic and business risks which are significant in terms of their impact to the overall objectives of the Company along with status of the mitigation plans are periodically presented and discussed at the Risk Management Committee meetings. On a consolidated basis, the group achieved revenue of Rs, 17,
Management Discussion and Analysis forms an integral part of this report and gives details of the overall industry structure, economic developments, performance and state of affairs of the Company''s various businesses viz. Your Directors recommend their reappointment as Directors of your Company. Asian paints is a long term holding for me. Valuation — My personal estimate of intrinsic value is around per share. The Statutory Auditors of your Company have submitted a certificate to your Company that they have subjected themselves for the peer review process of the Institute of Chartered Accountants of India for the financial year Policy on Archival of Information 5.