i. (a) The Company is maintaining proper records showing full particulars, including
quantitative details and situation of
Property, Plant and Equipment.
(b) The Company is maintaining proper records showing full particulars of intangible
assets. (The Company has intangible assets)
(c) As per the information and explanation given to us and records examined by us,
these Property, Plant and Equipment
have been physically verified by the management at reasonable intervals. material
discrepancies were ticed on
such verification.
(d) According to the information and explanations given to us and on the basis of
examination of the records of the Company, the title deeds of all the immovable properties
disclosed in the financial statements are held in the name ofthe company.
(e) the company has t revalued its Property, Plant and Equipment (including Right of
Use assets) or intangible assets or both during the year.
(f) proceedings have been initiated or are pending against the company for holding any
benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and
rules made thereunder.
(g) As per the information and explanation given to us and records examined by us, The
Company has Property, Plantand Equipment or intangible assets.
(h) As per the information and explanation given to us and based on examination of
records of the company, inventories
have been physically verified by the management at reasonable intervals in accordance
with its programme and
material discrepancies were ticed on such physical verification by the management. (The
Company do t have any inventories)
(i) As per the information and explanation given to us and based on examination of
records of the company, the company has t been sanctioned working capital limits in excess
of five crore rupees, in aggregate, from banks or financial institutions on the basis of
security of current assets. (The Company has working Capital Limit from Bank or Financial
Institutions)
ii. During the year the company has t made any investments in, r provided any guarantee
or security or granted any loans or advances in the nature of loans, secured or unsecured,
to companies, firms, Limited Liability Partnerships or any other parties.
iii. (a) As per the information and explanation given to us and based on examination of
records of the company in respect of loans, investments, guarantees, and security, whether
provisions of sections 185 and 186 of the Companies Act have been complied.
(b) As per the information and explanation given to us and based on examination of
records of the company in respect of deposits accepted by the company or amounts which are
deemed to be deposits, whether the directives issued by the Reserve Bank of India and the
provisions of sections 73 to 76 or any other relevant provisions of the Companies Act and
the rules made thereunder, where applicable, have been complied. (The Company has t
accepted any deposits)
iv. As per the information and explanation given to us and based on examination of
records of the company, maintenance of cost records has t been specified by the Central
Government under sub-section (1) of section 148 of the Companies Act.
v. (a) As per the information and explanation given to us and based on examination of
records of the company, the company is
regular in depositing undisputed statutory dues including Goods and Services Tax,
provident fund, employees state insurance, income tax, sales-tax, service tax, duty of
customs, duty of excise, value added tax, cess and any other statutory dues to the
appropriate authorities.
(b) As per the information and explanation given to us and based on examination of
records of the company, statutory dues referred to in sub-clause (a) are pending.
vi. As per the information and explanation given to us and based on examination of
records of the company, transactions which are t recorded in the books of account, have
been surrendered or disclosed as income during the year in the tax assessments under the
Income Tax Act, 1961 (43 of 1961).
vii. (a) As per the information and explanation given to us and based on examination of
records of the company, the companyhas
t defaulted in repayment of loans or other borrowings or in the payment of interest
thereon to any lender.
(b) As per the information and explanation given to us and based on examination of
records of the company, the company is t declared as wilful defaulter by any bank or
financial institution or other lender;
(c) As per the information and explanation given to us and based on examination of
records of the company, The Companyhas t awaited any term loan.
(d) As per the information and explanation given to us and based on examination of
records of the company, funds raised on short term basis have been utilised for long term
purposes.
(e) As per the information and explanation given to us and based on examination of
records of the company, the companyhas t taken any funds from any entity or person on
account of or to meet the obligations of its subsidiaries, associates or joint ventures,
(f) As per the information and explanation given to us and based on examination of
records of the company, the companyhas t raised loans during the year on the pledge of
securities held in its subsidiaries, joint ventures or associate companies.
viii. (a) As per the information and explanation given to us and based on examination
of records of the company, moneys raised
by way of initial public offer or further public offer (including debt instruments)
during the year were applied for the purposes for which those are raised ( initial public
offer or further public offer (including debt instruments) during the year).
(b) As per the information and explanation given to us and based on examination of
records of the company, the companyhas t made any preferential allotment or private
placement of shares or convertible debentures (fully, partially or optionally convertible)
during the year.
ix. (a) As per the information and explanation given to us and based on examination of
records of the company, fraud by the
company r any fraud on the company has been ticed or reported during the year.
(b) As per the information and explanation given to us and based on examination of
records of the company, report under sub-section (12) of section 143 of the Companies Act
has been filed by the auditors in Form ADT-4 as prescribedunder rule 13 of Companies
(Audit and Auditors) Rules, 2014 with the Central Government;
(c) As per the information and explanation given to us and based on examination of
records of the company, whistleblower complaints have been received,
x. As per the information and explanation given to us and based on examination of
records of the company, the Companyis t a Nidhi Company hence, reporting under clause xii
of the Order t applicable.
xi. As per the information and explanation given to us and based on examination of
records of the company, all transactions with the related parties are in compliance with
sections 177 and 188 of Companies Act where ever applicable and the details have been
disclosed in the financial statements, etc., as required by the applicable accounting
standards.
xii. (a) As per the information and explanation given to us and based on examination of
records of the company, the companyhas
an internal audit system commensurate with the size and nature of its business.
(b) we have considered the report of internal auditors for the year.
xiii. As per the information and explanation given to us and based on examination of
records of the company, the company hast entered into any n-cash transactions with
Directors r persons connected with them. The provisions of section 192 of Companies Act
have been complied.
xiv. (a) In our opinion, the company is t required to be registered under section 45-IA
of the Reserve Bank of India Act,
1934. Hence, reporting under clause 3(xvi) a, b and c of the Order is t applicable.
(b) In our opinion, there is core investment company within the group (as defined in
the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting
under clause 3(xvi)(d) of the Order is t applicable.
xv. The company has t incurred cash losses in the current financial year and in the
immediately preceding financial year.
xvi. M/s. Divya M & Co. (Firm Reg. . 152428W) on 30th June, 2022 have
shown their Ineligibility to act as a Statutory Auditors of the Company w.e.f. financial
year 2022-23, As in terms of the Provisions of Section 139(2) of the terms Act, 2013 and
rules made in this behalf, M/s. Divya M & Co. has completed maximum terms of ten years
as prescribed under the Companies Act, 2013 to act as a Statutory Auditors along with
tenure served by M/s. M.S. Jhanwar & Co., have resigned as Statutory of the company,
resulting into a casual vacancy in the office of Statutory Auditors of the Company as
envisaged by section 139(8) of the Companies Act, 2013 ("Act"). thereafter, M/s.
A. K. Yadav & Associates, Chartered Accountants (FRN . 141357W) have been appointed as
statutory auditors of the Company. Since M/s. A. K. Yadav & Associates do t hold valid
certificate issued by the Peer Review Board of the Institute of Chartered Accountants of
India. Accordingly, We M/s. Ramanand & Associates, Chartered Accountants (Firm
Registration Number: 117776W) have been appointed as statutory auditors of the Company for
a period of five years from financial year 2022 -2023 to financial year 2026 - 2027.
xvii. On the basis of the financial ratios, ageing and expected dates of realisation of
financial assets and payment of financial liabilities, other information accompanying the
financial statements, the auditors kwledge of the Board of Directors and management
plans, we are of the opinion that material uncertainty exists as on the date of the audit
report that company is capable of meeting its liabilities existing at the date of balance
sheet as and when they fall due within a period of one year from the balance sheet date;
xviii. (a) As per the information and explanation given to us and based on examination
of records of the company, Schedule V to the Companies Act is t applicable to the Company.
(b) As per the information and explanation given to us and based on examination of
records of the company, subsec (5) and sub-section (6) of section 135 of the Companies Act
are t applicable to the Company.
xix. There have t been any qualifications or adverse remarks.
For M/s. Ramanand & Associates
Chartered Accountants
Firm Registration . 117776W
Sd/-
CA Ramanand G. Gupta
Partner
Membership . 103975
UDIN: 23103975BGWHGY7871
Place: Mumbai
Date: 05.05.2023
+91-9892691696
