Ashok leyland annual report 2014 15

In making those risk assessments, the auditor considers internal financial control relevant to the Company''''s preparation of the standalone Ind AS financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. Mon, Dec 15 A report on the performance and financial position of each of the subsidiaries, associates and joint venture companies is provided in the notes to the consolidated financial statements.

How Ashok Leyland got back on track

He has over 25 years experience in banking and finance sector. During the yearthere has been no exercise of stock options. Financial statements for the year ended and as at March 31, have been re-stated to conform to Ind AS Note 3.

Sanjay K Asher, Directors as members of the Committee and authorised the Committee to do all such acts, deeds, matters and things as may be necessary for the purpose of giving effect to the Order of NCLT on the scheme of amalgamation of HFL with the Company including but not limited to issue and allotment of the equity shares of the Company to the eligible shareholders of the Transferor Company as on the Record date.

Ashok Leyland Chief Financial Officer Gopal Mahadevan, when asked about the possibility of a legal dispute with Nissan, said it would be inappropriate for him to comment in the absence of the company's JV partner. The Auditor''s report to the shareholders on the standalone and consolidated financials for the year ended March 31, does not contain any qualification, observation or adverse comment.

The policy is available on the website of the Company. The Certificate in this regard is attached as Annexure D to this Report. In effect, the combined effect of economy, industry, segmental behavior, regulations and taxes pulled down medium and heavy commercial vehicle to end the current financial year at the same level as that of previous year.

This Policy inter-alia provides a direct access to the Chairman of the Audit Committee. The focus was on Recruiting for Excellence - a strategy for Talent Acquisition from campuses of key institutes aimed at better industry institute collaboration and building sustained relationships with them.

Ashok Leyland

The Secretarial Audit report does not contain any qualification, reservation or adverse remark. The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties.

Report on the Internal Financial Controls Over Financial Reporting under Clause i of Sub-section 3 of Section of the Companies Act, "the Act" We have audited the internal financial controls over financial reporting of Ashok Leyland Limited "the Company" as of March 31, in conjunction with our audit of the standalone Ind AS financial statements of the Company for the year ended on that date.

Annual Report 2014

MR-3 is attached as Annexure H to this Report. The terms and conditions of appointment of the Independent Directors are placed on the website of the Company http: Expenditure incurred by way of capital and revenue on these activities is shown separately. Financial statements for the year ended and as at March 31, have been re-stated to conform to Ind AS Note 3.

Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk.

Your Company undertook implementation of HRM application suite - SAP Success Factor, for enabling efficient and cost effective HR systems with the objective of improving the quality of analytics available to help in enhancing the quality of decision making with regards to people and processes throughout the employee life cycle.

Click here for enlarge A horizontal structure which had all the functions including production, planning and marketing, reporting to the managing director, gave way to a verticals structure made up of six strategic business units—trucks and buses, light commercial vehicles LCVsengines and power solutions, defence, construction equipment and spare parts.

Revenue from Spare Parts saw a tremendous growth of approximately 28 percent as compared to the previous financial year, due to various initiatives undertaken to grow our retail sales. In response, the management started by trimming costs, including employee costs.

Ashok Leyland

Women friendly policies were introduced like increased maternity leave, Adoption Leave, Paternity Leave and Medical Insurance for In-laws. All the Directors and the Senior Management personnel have affirmed in writing their compliance with and adherence to the Code of Conduct adopted by the Company.Nomination and Remuneration Committee *Chairman of the Board/Committee.

For other details such as number of shares held, number of meetings of the Board attended during the year, remuneration drawn in respect of the aforesaid directors, please refer to the Corporate Governance Report.

Annexure. Jun 26,  · Leyland's annual report showed the venture's loss after taxation was Rs crore in as compared to Rs crore (Rs billion) a year before.

ANNUAL REPORT 2 TABLE OF CONTENTS Ashok Leyland Ltd. Panchal - Associate Vice President, Head, Modern trade | GODREJ Consumer Products Ltd.

Ashok Leyland-Nissan LCV JV’s loss widens

The event commenced with an engaging and intellectually stimulating discussion on the topic. Ashok Leyland said it has made an impairment provision of Rs crore towards Albonair Germany, Rs crore towards Optare Plc, UK, and Rs 5 crore towards Albonair India. Ashok Leyland, a flagship company of the Hinduja Group is the second largest manufacturer of commercial vehicles in India, fourth largest manufacturer of buses in the world and sixteenth largest manufacturer of trucks globally.

In this Annual Report, we have disclosed Clearly, has been a watershed year for Ashok Leyland. Though the commercial vehicle industry had not fully recovered from the preceding years of slow down, Your 6 ashok leyland limited Performance / Operations.

Ashok leyland annual report 2014 15
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