1. Presented by:
Sanghamitra s parihar
Karishma kakkad
Hina agarwal
Palash goyal
Juhi pawar
Auditing Presentation
On
Maruti Suzuki's Auditor report
1

2. • Company details
• The Background page of Maruti Suzuki India Ltd. captures the details on
Company's Industry, Incorporation Date, Face Value, Registered Address, Web
Site, Registrar, and Auditors information.
• Company Background
• Industry Name: Auto - Cars & Jeeps
Registrar Address
Plot No. 1,
Nelson Mandela Road,
Vasant Kunj
City:New Delhi
State:Delhi
Pincode:110070
Email
ID:investor@maruti.co.in
Web
Url:http://www.marutisuzu
ki.com
Registrar
Karvy Computershare
Private Ltd.
Plot No.17-24,
Vittalrao Nagar,
Madhapur
City:Hyderabad
State:Andhra Pradesh
Pincode:500081
Auditor
Price Waterhouse
Face Value: 5.0
ISIN: INE585B01010
Market Lot: 1
House Name: MNC
Associate
2

3. Theoretical background of good report
• An auditor's report says that the business uses proper
accounting methods and its financial report provides
adequate disclosure — or not. When the auditor finds fault
with the accounting or financial disclosure of the business,
things can get messy. In the report, the auditor can render
several opinions regarding the financial state of the business:
• Unqualified
• Adverse
• Qualified
• Going concern
3

4. Auditor’s report
• As per the auditors(Price Warehouse)
• the financial statements together with the notes, give a true and fair
view in conformity with the accounting principles generally accepted in
India:
 In the case of the Balance Sheet, of the state of affairs of the Company
as at 31st March2009;
 In the case of the Profit and Loss Account, of the profit for the year
ended on that date;
 In the case of the Cash Flow Statement, of the cash flows for the year
ended on that date. The auditors neither came across any instance of
fraud on or by the Company, noticed nor reported during the year, nor
have they been informed of such case by the management.
4

5. Director’s report for the year ended 2012-2013
• 1. DIVIDENDS
The board recommends a dividend of Rs. 3.50 per equity share of Rs. 5
each for the year ended 31 March 2009 amounting to Rs.1011 million.
• 2. SHIFTING OF REGISTERED OFFICE
The registered office of the Company was shifted from 11th Floor, Jeevan
Prakash, 25,Kasturba Gandhi Marg, New Delhi -110 001 to Company's
owned premises at 1, Nelson Mandela h Road, Vasant Kunj, New Delhi-
110 070 with effect from 15December 2008.
• 3.QUALITY
The Company has again been awarded ISO: 27001 certification by STQC
Directorate (Standadrization, Testing & Quality Certificate), Ministry of
Communications and Information Technology, Government of India after
re-assessment.
5

6. • The Company is thus certified to meet international standards for
maintaining information security. The Company also has an ISO
14001:2004 certification which has been similarly awarded once again
on re-assessment by AIB-Vincotte International Ltd., Brussels,
Belgium. The Company's plants at Gurgaon and Manesar are ISO:
9001certified. The Company is subject to re-assessment at regular
intervals for re-certification . The Company's press shop has TS 16949
certification which is subject to re-assessment at regular intervals.
4.HUMAN RESOURCE DEVELOPMENT
• The Company has always focused on employees' development. A total
of 38000 man-days of training were conducted for employees across
all levels with an average training of 5 days per employee during the
year.
• The Company has spent about Rs. 95 million on training of its employees
during 2012-13. The training programs vary for employees at different levels.
With the aim of encouraging a competitive spirit and a winning attitude to take
on future challenges among the employees in the technical and supervisory
band , programs such as ³Winning Strategy´
6

7. • Chunauti and Ahead Forever are held. Similarly, for employees at
executive and senior executive levels, program based on six sigma,
lean manufacturing, negotiation skills, MS project, finance
management and vehicle financing, value stream mapping, project
management, quality control tools, neuro linguistic skills ,
innovation and creativity, corporate business etiquette,
communication and presentation skills, etc. are held. For
employees at top management level, programs based on leadership,
business strategy, etc. are held. The Company also has higher
education schemes for its employees.
5. DIRECTOR’S RESPOSIBILITY STATEMENT
As required under section 217(2AA) of the Companies Act,1956,
your directors confirm:
A. that there were no material departures in the applicable
accounting standards followed while preparing the annual
accounts;
7

8. B. having selected such accounting policies and applied them
consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the
state of affairs of the Company at the end of the financial year
and of the profit of the Company for that period;
C. having taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions
of the Companies Act, 1956, for safeguarding the assets of the
Company and for preventing and detecting fraud and other
irregularities; and
D. having prepared the annual accounts on a going concern
basis.
8

9. 9
6.PERSONNEL
•As required by the provisions of section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of
Employees) Rules, 1975, as amended, the names and
other particulars of the employees are set out in Annexure B to the
Directors' Report.
•However, as per the provisions of section 219(1)(b)(iv) of the
Companies Act, 1956, the annual report is being sent to all the
shareholders of the Company excluding the a fore said
information. Any shareholder interested in obtaining such
particulars may write to the Company Secretary at the registered
office of the Company.

10. 7. CONSOLIDATED FINANCIAL STATEMENTS
• In accordance with the Accounting Standard AS-21 on consolidated
financial statements read with Accounting Standards AS -23 on accounting
for investments in associates and AS - 27 on financial reporting for interest
in joint ventures, the audited consolidated financial statements are
provided in the annual report.
10

11. 11
8.SUBSIDIRY COMPANIES AND THEIR ACCOUNTS
The Company's six subsidiaries are:
Maruti Insurance Business Agency Limited, Maruti Insurance
Distribution Services Limited, Maruti Insurance Agency Solutions
Limited , Maruti Insurance Agency Network Limited, Maruti
Insurance Agency Services Limited and Maruti Insurance Agency
Logistics Limited are engaged in the business to sell
motor insurance Policies to owners of Maruti Suzuki vehicles . In
2008-09, the insurance business generated a total income of Rs.
1152.82 million which includes dividend income of Rs. 37.35 million
earned from investments in mutual funds.
Profit before tax (PBT) for 2012-13 was Rs. 498.80 million. The total
new policies issued during the year were 662,606 while 1,459,328
policies were renewed.