Page 220 - Hitachi IR 2025

INDEPENDENT AUDITOR’s REPORT
(iv) (v) (vi) (vii) (a) Other than the above, the Company has not provided loans, advances in the nature of loans, stood guarantee
and provided security to the companies, firms, Limited Liability Partnerships or any other parties.
(b) The terms and conditions of the grant of all loans to employees during the year are, in our opinion, prima
facie, not prejudicial to the Company’s interest. Other than above, the Company has not made investments,
provided guarantees, provided security and granted advances in the nature of loans to companies, firms,
Limited Liability Partnerships or any other parties.
(c) The Company has granted loans during the year to the employees where the schedule of repayment of
principal has been stipulated and the repayment or receipts are regular.
(d) There are no amounts of loans or advances in nature of loans granted to companies, firms, limited liability
partnerships or any other parties which are overdue for more than ninety days.
(e) There were no loans or advances in nature of loans granted to companies, firms, Limited Liability Partnerships
or any other parties which was fallen due during the year, that have been renewed or extended or fresh
loans granted to settle the overdues of existing loans given to the same parties.
(f) The Company has not granted any loans or advances in the nature of loans, either repayable on demand
or without specifying any terms or period of repayment to companies, firms, Limited Liability Partnerships
or any other parties. Accordingly, the requirement to report on clause 3(iii)(f) of the Order is not applicable
to the Company and hence not commented upon.
There are no loans, investments, guarantees, and securities given in respect of which provisions of section 185
and 186 of the Act are applicable and accordingly the requirement to report on clause 3(iv) of the Order is not
applicable to the Company and hence not commented upon.
The Company has neither accepted any deposits from the public nor accepted any amounts which are deemed
to be deposits within the meaning of sections 73 to 76 of the Act and the rules made thereunder, to the extent
applicable. Accordingly, the requirement to report on clause 3(v) of the Order is not applicable to the Company
and hence not commented upon.
We have broadly reviewed the books of account maintained by the Company pursuant to the rules made by the
Central Government for the maintenance of cost records under section 148(1) of the Act related to the products
manufactured by the Company, and are of the opinion that prima facie, the specified accounts and records have
been made and maintained. We have not, however, made a detailed examination of the same.
Undisputed statutory dues including goods and services tax, provident fund, employees’ state insurance,
income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, cess and other statutory
dues have generally been regularly deposited with the appropriate authorities though there has been a
slight delay in a few cases. According to the information and explanations given to us and based on audit
procedures performed by us, no undisputed amounts payable in respect of these statutory dues were
outstanding, at the year end, for a period of more than six months from the date they became payable.
(b) The dues of goods and services tax, provident fund, employees’ state insurance, income-tax, sales-tax,
service tax, duty of custom, duty of excise, value added tax, cess, and other statutory dues which have not
been deposited on account of any dispute, are as follows:
Name of the
statute
Nature of the
dues
Amount (`) Pre-deposit (`) Period to which the
amount relates
Forum where
the dispute is
pending
Remarks,
if any
Goods and
Services Tax
Act, 2017
Goods &
Service Tax
` 46.43 Crores ` 2.58 Crores December 2019
to March 2020,
June 2021 and
November 2023
Joint
Commissioner
(Appeals),
Karnataka
Goods and
Services Tax
Act, 2017
Goods &
Service Tax
` 22.97 Crores October 2020 to
June 2021
High Court,
Gujarat
Goods and
Services Tax
Act, 2017
Goods &
Service Tax
`18.17Crores ` 0.03 Crores April 2019 to
March 2020 and
October 2021 to
June 2022
Commissioner
(Appeals),
Gujarat
218 Hitachi Energy India Limited