To the Members of SAGAR DIAMONDS LIMITED
Report on the audit of the Financial Statements
We have audited the accompanying financial statements of SAGAR DIAMONDS LIMITED (the
"Company"), which comprise the balance sheet as at March 31, 2023, and the
statement of Profit and Loss and statement of cash flows for the year then ended, and
notes to the financial statements, including a summary of significant accounting policies
and other explanatory information (hereinafter referred to as financial statements).
In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid standalone financial statements give the information required
by the Companies Act, 2013 (the Act) in the manner so required and give a true and fair
view in conformity with the accounting principles generally accepted in India, of the
state of affairs of the Company as at March 31, 2023, and profit and its cash flows for
the year ended on that date.
Basis for Qualified Opinion
We draw attention to note 25 of the Statement, regarding the Managements contention
about the recoverability of the Trade Receivables mentioned therein. We have not been able
to substantiate the Managements contention regarding the carrying value of Trade
Receivables aggregating to INR 7,56,123.47 lakh. Accordingly, we are unable to comment on
the appropriateness of the carrying value of such Trade Receivables and their
consequential impact on the financial results and the financial position of the Company as
at and for the year ended March 31, 2023.
We also draw attention to show cause notice received by the Company from the
Development Commissioner, Surat Special Economic Zone, Sachin regarding non-compliance
with regard to overdue outstanding receivables, accordingly we are unable to comment on
their consequential impact on the financial position of the Company as at and for the year
ended March 31, 2023.
We conducted our audit in accordance with the Standards on Auditing (SAs) specified
under section 143(10) of the Companies Act, 2013. Our responsibilities under those
Standards are further described in the Auditors Responsibilities for the Audit of the
Financial Statements section of our report. We are independent of the Company in
accordance with the Code of Ethics issued by the Institute of Chartered Accountants of
India together with the ethical requirements that are relevant to our audit of the
financial statements under the provisions of the Companies Act, 2013 and the Rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and ICAIs Code of Ethics. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion on the financial
statements.
Emphasis of Matter
We draw attention to Note 26 of the Statement which describes the Managements
evaluation of COVlD- 19 impact on the future performance of the Company. Our opinion is
not modified in respect of this matter.
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of the financial statements of the current period. These matters
were addressed in the context of our audit of the financial statements as a whole, and in
forming our opinion thereon, and we do not provide a separate opinion on these matters.
We have determined the matters described below to be the key audit matters to be
communicated in our report.
| Sr. Key Audit Matter No. |
Auditors Response |
| 1 Existence of closing inventory and its valuation |
Our audit procedure for this area included: |
| The company has recognized inventory of INR 31,525.22 Lakh at March 31, 2023. |
- Testing the companys control by checking approvals over cost, selling price and
inventory accounting. |
| Inventories are held by company. We focused on this matter because of: |
- Testing of valuation of inventory as per accounting standard. |
| a. Significance of the inventory balance. |
- We attended inventory physical count on the reporting date. We have carried out
following procedure: |
| b. Complexity involved in determining valuation. |
a. Inventory sample selected and compared the quantities with book records.
Difference on physical count, if any, have been verified that the same has been accounted. |
|
b. Made inquiries regarding damage, non- moving and obsolete inventory items. |
|
No significant exception noted on these process. |
| 2 Receivables, Payables and Advances Yearend outstanding advances given and
trade receivables carry certain risk in general which include overdue balance, entity in
weaker economic / geopolitical environment, entitys ability to pay. Advances taken and
trade payable carry risk in general which include proceeds from trade receivables and
advance given, to pay outstanding balances. Procedure to mitigate such risks includes
element of management judgment and important to assess recoverability of advance given and
trade receivable. Due to these factors we have identified testing of recoverability of
trade receivables, advances and trade payable as key audit matter. |
Our audit procedure for these areas included: We obtained an understanding,
evaluated the design and tested operating effectiveness of controls related to customer
acceptance process and the assessment of recoverability of Receivables and advances given. |
|
- Analyzed aging at yearend. |
|
- In respect to material trade receivables, payable and advance balance outstanding
at March 31, 2023, we have rolled out for third party balance confirmation of which few
have been received up to date of signing of financials by board of directors and for other
subsequent clearance of balances has been verified on sample basis. |
|
- In respect of material balances, inspected relevant documents and correspondence
with parties, wherever available. |
|
- In respect of material trade receivables, payables and advances which are past
due, additional procedures we performed to evaluate the historical payment trends and
assessed managements assessment and impact considered by management. |
|
We draw attention to note 25 of the Statement for overdue receivables and resultant
overdue trade payables and advances. |
Information other than the financial statements and auditors report thereon
The Companys management and board of directors are responsible for the preparation of
the other information. The other information comprises the information included in the
Management Discussion and Analysis, Boards Report including Annexures to Boards Report,
Corporate Governance and Shareholders Information, Business Responsibility Report but
does not include the financial statements and our auditors report thereon.
Our opinion on the financial statements does not cover the other information and we do
not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read
the other information and, in doing so, consider whether the other information is
materially inconsistent with the standalone financial statements or our knowledge obtained
during the course of our audit or otherwise appears to be materially misstated. We are
required to communicate the matters to those charged with governance as required under SA
720 The auditors responsibilities relating to other information.
When we read the annual report, if we conclude that there is a material misstatement of
this other information, we are required to report that fact.
Responsibility of Management and Board of Director for the Financial Statements
The Companys Management and Board of Directors are responsible for the matters stated
in section 134(5) of the Companies Act, 2013 ("the Act") with respect to the
preparation of these standalone financial statements that give a true and fair view of the
financial position, financial performance, and cash flows of the Company in accordance
with the accounting principles generally accepted in India, including the accounting
Standards specified under section 133 of the Act. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the Act
for safeguarding of the assets of the Company and for preventing and detecting frauds and
other irregularities; selection and application of appropriate accounting policies; making
judgments and estimates that are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statement that give a true and fair view and
are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, Management and Board of Directors are
responsible for assessing the Companys ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless management either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the companys financial
reporting process.
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud or error,
and to issue an auditors report that includes our opinion. Reasonable assurance is a high
level of assurance, but is not a guarantee that an audit conducted in accordance with SAs
will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial
statements, whether due to fraud or error, design and perform audit procedures responsive
to those risks, and obtain audit evidence that is sufficient and appropriate to provide a
basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to
design audit procedures that are appropriate in the circumstances. Under section 143(3)(i)
of the Companies Act, 2013, we are also responsible for expressing our opinion on whether
the company has adequate internal financial controls system in place and the operating
effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness
of accounting estimates and related disclosures made by management and the Board of
Directors.
• Conclude on the appropriateness of management and Board of Directors use of the
going concern basis of accounting and, based on the audit evidence obtained, whether a
material uncertainty exists related to events or conditions that may cast significant
doubt on the Companys ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditors report to
the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditors report. However, future events or conditions may
cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial
statements, including the disclosures, and whether the financial statements represent the
underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial statements that,
individually or in aggregate, make it probable that the economic decisions of a reasonably
knowledgeable user of the financial statements may be influenced. We consider quantitative
materiality and qualitative factors in (i) planning the scope of our audit work and in
evaluating the results of our work; and (ii) to evaluate the effect of any identified
misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied
with relevant ethical requirements regarding independence, and to communicate with them
all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the financial statements of the
current period and are therefore the key audit matters. We describe these matters in our
auditors report unless law or regulation precludes public disclosure about the matter or
when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably
be expected to outweigh the public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditors Report) Order, 2020 ("the Order"),
issued by the Central Government of India in terms of sub-section (11) of section 143 of
the Companies Act, 2013, we give in the "Annexure A" a statement on the
matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
2. As required by Section 143 (3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best
of our knowledge and belief were necessary for the purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the
Company so far as it appears from our examination of those books;
(c) The Balance Sheet as at March 31, 2023, the Statement of Profit and Loss, and the
Cash Flow Statement for the year then ended dealt with by this Report are in agreement
with the books of account;
(d) In our opinion, the aforesaid financial statements comply with the Accounting
Standards specified under Section 133 of the Act and rules thereunder, as amended.
(e) On the basis of the written representations received from the directors as on March
31, 2023 taken on record by the Board of Directors, none of the directors is disqualified
as on March 31, 2023 from being appointed as a director in terms of Section 164 (2) of the
Act.
(f) With respect to the adequacy and the operating effectiveness of the internal
financial controls over financial reporting of the Company, refer to our separate report
in "Annexure B"; and
(g) With respect to the other matters to be included in the Auditors Report in
accordance with the requirements of sub-section (16) of Section 197 of the Act, as
amended, we report that to the best of our information and according to the explanations
given to us, remuneration paid by the Company to its directors during the year is in
accordance with the provisions of Section 197 of the Act.
(h) With respect to the other matters to be included in the Auditors Report in
accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion
and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigation which would have impact on its
financial position.
ii. The Company has made provision, as required under the applicable law or accounting
standards, for material foreseeable losses, if any, on long-term contracts including
derivative contracts.
iii. The company is not required to transfer any amount to investor Education &
Protection Fund.
iv. (a) The management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in aggregate) have been advanced or
loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person(s) or entity(ies), including
foreign entities ("Intermediaries"), with the understanding, whether recorded in
writing or otherwise, that the Intermediary shall, whether, directly or indirectly, lend
or invest in other persons or entities identified in any manner whatsoever by or on behalf
of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries;
(b) The management has represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in aggregate) have been received by the
Company from any person(s) or entity(ies), including foreign entities ("Funding
Parties"), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the Funding Party
("Ultimate Beneficiaries") or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries; and
(c) Based on the audit procedures that have been considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to believe that
the representations under sub-clause (i) and (ii) of Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, as provided in (a) and (b) above, contain any material
misstatement.
"Annexure A"
Annexure referred to in paragraph under the heading "Report on other legal and
regulatory requirements" of our report of even date.
To the best of our information and according to the explanations provided to us by the
Company and the books of accounts and the records examined by us in the normal course of
audit, we state that:
(i) In respect of the Companys Property, Plant and Equipment:
(a) A. The Company has maintained proper records showing full particulars, including
quantitative details and situation of Property, Plant and Equipment.
B. The Company does not have intangible assets during the year and hence, reporting
under Clause 3(i)(a)(B) is not applicable.
(b) The Company has a program of physical verification of Property, Plant and
Equipment, so as to cover all the assets every year which, in our opinion, is reasonable
having regard to the size of the Company and the nature of its assets. Pursuant to the
program, Property, Plant and Equipment due for verification during the year were
physically verified by the management during the year. According to the information and
explanations given to us, no material discrepancies were noticed on such verification.
(c) Based on our examination of the property tax receipts, registered sale deed/
transfer deed/ conveyance deed provided to us, we report that, the title in respect of
buildings and title deeds of all other immovable properties, disclosed in the financial
statements included under Property, Plant and Equipment are held in the name of the
Company as at the balance sheet date.
(d) The company has not revalued its Property, Plant and Equipment.
(e) No proceedings have been initiated during the year or are pending against the
Company as at March 31, 2023 for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.
(ii) (a) Physical verification of inventory has been conducted at reasonable intervals
by the management and in our opinion, the coverage and procedure of such verification by
the management is appropriate. No discrepancies of 10% or more in the aggregate for each
class of inventory were noticed on such verification.
(b) The Company has not been sanctioned working capital limits in excess of five crore
rupees, in aggregate from banks on the basis of security of current assets.
(iii) The Company has not made investments in, provided any guarantee or security or
granted any loans or advances in the nature of loans, secured or unsecured, to companies,
firms and limited liability partnerships or any other parties covered in the register
maintained under section 189 of the Act. Accordingly, reporting under clause 3(iii) of the
Order is not applicable to the Company.
(iv) The Company has complied with the provisions of sections 185 and 186 of the Act in
respect of grant of loans, making investments and providing guarantees and securities, as
applicable.
(v) The Company has not accepted any deposits within the meaning of Sections 73 to 76
of the Act and the Companies (Acceptance of Deposits) Rules, 2014 (as amended).
Accordingly, reporting under clause 3(v) of the Order is not applicable to the Company.
(vi) To the best of our knowledge and as explained, the Central Government has not
specified the maintenance of cost records under clause 148(1) of the Companies Act, 2013,
for the operations of the Company.
(vii) In respect of statutory dues:
(a) In our opinion, the Company is generally 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 material statutory dues, as applicable, to the appropriate authorities.
(b) There were no undisputed amounts payable in respect of 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 other material statutory dues, as
applicable, in arrears as at March 31, 2023 for a period of more than six months from the
date they became payable.
(viii) There were no transactions relating to previously unrecorded income that have
been surrendered or disclosed as income during the year in the tax assessments under the
Income-tax Act, 1961 (43 of 1961).
(ix) (a) The Company is regular in repayment of loans or other borrowings or in payment
of interest thereon to lenders.
(b) The Company has not been declared wilful defaulter by any bank or financial
institution or government or government authority.
(c) The Company has utilised the money obtained by way of term loans during the year
for the purpose for which they were obtained.
(d) According to the procedures performed by us, and on an overall examination of the
financial statements of the Company, we report that no funds raised on short-term basis
have been used for long-term purposes by the Company.
(e) The Company does not have subsidiaries, associates or joint ventures during the
year. Hence, reporting under clause 3(ix)(e) of the Order is not applicable.
(f) The Company does not have subsidiaries, associates or joint ventures during the
year. Hence, reporting under clause 3(ix)(f) of the Order is not applicable.
(x) (a) The Company has not raised any moneys by way of initial public offer, further
public offer (including debt instruments) during the year. Accordingly, reporting under
clause 3(x)(a) of the Order is not applicable.
(b) During the year, the Company has not made any preferential allotment or private
placement of shares or convertible debentures (fully or partly or optionally) and hence,
reporting under clause 3(x)(b) of the Order is not applicable.
(xi) (a) No fraud by the Company and no material fraud on the Company has been noticed
or reported during the year.
(b) No report under sub-section (12) of Section 143 of the Act has been filed in Form
ADT-4 as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014 with
the Central Government, during the year.
(c) As represented to us by the management of the Company, there are no whistle blower
complaints received by the Company during the year.
(xii) In our opinion, the Company is not a Nidhi company. Accordingly, reporting under
clause 3(xii) of the Order is not applicable to the Company.
(xiii) In our opinion, the Company is in compliance with Section 177 and Section 188 of
the Act with respect to applicable transactions with the related parties and the details
of related party transactions have been disclosed in the financial statements as required
by the applicable accounting standards.
(xiv) (a) In our opinion, the Company has an adequate internal audit system
commensurate with the size and nature of its business.
(b) We have considered, the internal audit reports for the year under audit, issued to
the Company during the year and till date, in determining the nature, timing and extent of
our audit procedures.
(xv) In our opinion, during the year, the Company has not entered into non-cash
transactions with directors or persons connected with its directors, and hence, provisions
of section 192 of Act are not applicable to the Company.
(xvi) (a) In our opinion, the Company is not required to be registered under section
45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clauses 3(xvi)(a),
(b), and (c) of the Order is not applicable to the Company.
(b) In our opinion, there is no core investment company within the Group (as defined in
the Core Investment companies (Reserve Bank) Directions, 2016). Hence, reporting under
clause 3(xvi)(d) of the Order is not applicable to the Company.
(xvii) The Company has not incurred cash losses during the financial year covered by
our audit and the immediately preceding financial year.
(xviii) There has been resignation of previous statutory auditors of the Company during
the year without raising issues, objections or concern by outgoing auditors.
(xix) 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 and our knowledge of the board of directors and management plans, and
based on our examination of the evidence supporting the assumptions, nothing has come to
our attention, which causes us to believe that any material uncertainty exists as on the
date of the audit report indicating that the Company is not capable of meeting its
liabilities existing at the date of the balance sheet as and when they fall due within a
period of one year from the balance sheet date. We, however, state that this is not an
assurance as to the future viability of the Company. We further state that our reporting
is based on the facts up to the date of the audit report and we neither give any guarantee
nor any assurance that all liabilities falling due within a period of one year from the
balance sheet date, will get discharged by the Company as and when they fall due.
(xx) (a) In our opinion and according to the information and explanations given to us,
there is no unspent amount under sub-section (5) of Section 135 of the Act pursuant to any
project other than ongoing projects. Accordingly, clause 3(xx)(a) of the Order is not
applicable.
(b) There are no unspent amounts in respect of ongoing project, that are required to be
transferred to a special account in compliance of provision of sub section (6) of section
135 of Companies Act.
"Annexure B"
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section
143 of the Companies Act, 2013 ("the Act")
We have audited the internal financial controls over financial reporting of SAGAR
DIAMONDS LIMITED (the "Company") as of March 31, 2023 in conjunction with
our audit of the financial statements of the Company for the year ended on that date.
Managements Responsibility for Internal Financial Controls
The Companys management and board of directors are responsible for establishing and
maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Company considering the essential components of
internal control stated in the Guidance Note on Audit of Internal Financial Controls over
Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI).
These responsibilities include the design, implementation and maintenance of adequate
internal financial controls that were operating effectively for ensuring the orderly and
efficient conduct of its business, including adherence to companys policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the
accuracy and completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Companies Act, 2013.
Auditors Responsibility
Our responsibility is to express an opinion on the Companys internal financial
controls over financial reporting based on our audit. We conducted our audit in accordance
with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting
(the "Guidance Note") and the Standards on Auditing, issued by ICAI and deemed
to be prescribed under section 143(10) of the Companies Act, 2013, to the extent
applicable to an audit of internal financial controls, both applicable to an audit of
Internal Financial Controls and, both issued by the Institute of Chartered Accountants of
India. Those Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether
adequate internal financial controls over financial reporting was established and
maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of
the internal financial controls system over financial reporting and their operating
effectiveness. 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. The procedures
selected depend on the auditors judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the Companys internal financial controls system
over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A companys internal financial control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A companys internal financial control over financial
reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorised acquisition, use, or disposition of the
companys assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial
reporting, including the possibility of collusion or improper management override of
controls, material misstatements due to error or fraud may occur and not be detected.
Also, projections of any evaluation of the internal financial controls over financial
reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, to the best of our information and according to explanations given to
us, the Company has, in all material respects, an adequate internal financial controls
system over financial reporting and such internal financial controls over financial
reporting were operating effectively as at March 31, 2023, based on the internal control
over financial reporting criteria established by the Company considering the essential
components of internal control stated in the Guidance Note on Audit of Internal Financial
Controls Over Financial Reporting issued by the Institute of Chartered Accountants of
India.
|
For AK Barman & Associates, |
|
Chartered Accountants |
|
ICAI Firm Reg. No. : 316190E |
|
Sd/- |
|
CA BARMAN ANJAN KUMAR |
|
PARTNER |
| Place: Kolkata |
Membership No. : 052949 |
| Date: September 08, 2023 |
UDIN: 23052949BGWXZY9295 |
+91-9892691696
