For 'ICAI Awards for Excellence in Financial Reporting' for the year 2016-17, the Panel of Judges meticulously considered the financial and other information contained in the Annual Reports and Accounts of the participating enterprises and wherever the entities were not fulfilling the benchmark of ‘Excellence in Financial reporting’ decided not to give away an award. The awardees for the competition for the year 2016-17 are detailed hereunder:
|
Category |
Award |
Name of the Entity |
Annual Report and Accounts for the year ended |
|
|
I |
Public Sector Banks |
Nil |
||
|
II |
Private Sector Banks (including Foreign Banks) |
Plaque for Commended Annual Report |
Kotak Mahindra Bank Limited |
March 31, 2017 |
|
Plaque for Commended Annual Report |
HDFC Bank Limited |
March 31, 2017 |
||
|
III |
Co-operative Sector Banks |
Decided not to give any award in this category |
||
|
IV |
Life Insurance |
Silver Shield |
ICICI Prudential Life Insurance Company Ltd. |
March 31, 2017 |
|
Plaque for Commended Annual Report |
HDFC Standard Life Insurance Company Ltd. |
March 31, 2017 |
||
|
V |
Non-Life Insurance |
Decided not to give any award in this category |
||
|
VI |
Financial Services Sector (Other than Banking and Insurance) |
Decided not to give any award in this category |
||
|
VII |
Manufacturing and Trading Sector (including entities engaged in processing, mining, plantations, oil and gas enterprises) (Turnover equal to Rs. 3000 crore or more) |
Silver Shield |
Coromandel International Limited |
March 31, 2017 |
|
VIII |
Manufacturing and Trading Sector (including entities engaged in processing, mining, plantations, oil and gas enterprises) (Turnover equal to and between Rs. 500 crore and Rs. 3000 crore) |
Silver Shield |
Atul Limited |
March 31, 2017 |
|
IX |
Manufacturing and Trading Sector (including entities engaged in processing, mining, plantations, oil and gas enterprises) (Turnover less than Rs. 500 crore) |
Gold Shield |
Kewal Kiran Clothing Limited |
March 31, 2017 |
|
X |
Service Sector (Other than financial services sector) (Turnover equal to or more than Rs 500 crore) |
Silver Shield |
Mindtree Limited |
March 31, 2017 |
|
Plaque for Commended Annual Report |
Tata Consultancy Services Limited |
March 31, 2017 |
||
|
XI |
Service Sector (other than financial services sector) (Turnover less than Rs 500 crore) |
Decided not to give any award in this category |
||
|
XII |
Not-for- Profit Sector |
Gold Shield |
The Akshaya Patra Foundation |
March 31, 2017 |
|
Plaque for Commended Annual Report |
Vidya Dairy |
March 31, 2017 |
||
|
XIII |
Infrastructure and Construction Sector (Turnover equal to more than Rs 500 crore) |
Decided not to give any award in this category |
||
|
XIV |
Infrastructure and Construction Sector (Turnover less than Rs 500 crore) |
Decided not to give any award in this category |
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Disclaimer: The awardees have been selected by the panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of their financial statements without regard to their financial condition and operating performance. Accordingly, the awards signify that the accounting policies followed by the concerned enterprise are the best amongst the enterprises that have participated in the Competition.
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