Executive Summary of Chadha Sugar & Industries Limited Unit I & II and ABB. Up to the month of Dec. 2010.

Chadha Sugar & Industries Limited Unit - I

Store Department
Observations
Details of Bills entered in Gate Entry Register but not entered in SGR Register. Details of Bills entered in SGR Register but not entered in Gate Entry Register. (Value Rs. 1,02,33,631/-)

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Material not received within tentative delivery date. (Value Rs. 40,12,956/-)
Bills of M/s Bottmac Pvt. Ltd. pending in store department. (Value Rs. 41,99,571/-) Bills of M/s Praj Industries Limited pending in store department (Value Rs. 82,23,275/-) Stock ledger not properly maintained. Therefore, physical verification of the same is not possible.

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Finance & Accounts

Observations
Cenvat credit of excise not taken. (value Rs. 28,930/-) Bill of CSIL unit II has been booked in CSIL Unit I. (Value Rs. 19,80,137/-) Bills of M/s Praj Industries Ltd. not signed by Quality department. Some cases are illustrated. Bills of M/s Praj Industries Ltd. not stamped by Quality department. Some cases are illustrated. Bills of M/s Praj Industries Ltd. not stamped by Gate & Store department. Some cases are illustrated. Debit Note not raised to M/s Baldev Raj & Sons of Rs.902/ Cenvat credit of Rs. 15,47,278/- booked in accounts but not taken in return of excise (ER 1)

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Chadha Sugar & Industries Limited Unit - II

Store Department
Observations
Details of Bills entered in Gate Entry Register but not entered in SGR Register. Details of Bills entered in SGR Register but not entered in Gate Entry Register. (Value Rs. 51,48,888/-)

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Material not received within tentative delivery date. (Value Rs. 21,98,000/-)
Bills of M/s Praj Industries Limited Not Booked pending in stores (Value Rs. 55,02,364/-) Bills of other than M/s Praj Industries Limited Not Booked pending in stores. (Value Rs. 14,40,470/-) Stock ledger not properly maintained. Therefore, physical verification of the same is not possible.

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Finance & Accounts

Observations Annexure No.

Purchase of CSIL unit I has been booked in CSIL Unit II. (Value Rs.25,908/ Debit Note not raised to M/s Baldev Raj & Sons of Rs.1,206. Cenvat credit of Rs. 17,33,338/- booked in accounts but not taken in return of excise (ER 1)

Work contract tax not deposited.(Rs.24,989)

Adie Broswon Breweries Pvt. Ltd.

Finance & Accounts

Observations Annexure No.

Debit Note not raised to Rs.60,283/ Wrong accounting practice, debit note has been raised with the
name of M/s Chadha Sugar & Industries Ltd but in this case purchases should be transferred of rs. 2,68,122/-

Work contract tax not deposited.(Rs.45,560) TDS deposited for the month of Nov. 2010 of Rs. 3,71,930.00
U/s 192B but salary not booked for the month of same.

Store Department
Observations
Details of Bills entered in Gate Entry Register but not entered in SGR Register. Details of Bills entered in SGR Register but not entered in Gate Entry Register. (Value Rs. 41,83,454/-) Material not received within tentative delivery date. (Value Rs. 43,18,175/-)
Physical verification of cement is not possible because all units of the group companies have a single godown for store of cement.

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