TO THE MEMBERS OF SOMA PAPERS & INDUSTRIES LIMITED
Report on the Audit of the Ind AS Financial Statements
Opinion
We have audited the accompanying Ind AS financial statements of SOMA PAPERS &
INDUSTRIES LIMITED ("the Company")which comprise the Balance Sheet as
at March 31, 2022, and the Statement of Profit and Loss (including Other Comprehensive
Income), the Statement of Changes in Equity and Statement of Cash Flows for the year ended
on that date, and notes to the Ind AS financial statements, including a summary of
significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations
given to us, except for the effects of the matter described in the Basis for Qualified
Opinion section of our report, the aforesaid Ind AS financial statements give a true
and fair view in conformity with the Indian Accounting Standards prescribed under section
133 of the Act read with the Companies (Indian Accounting
Standards) Rules, 2015, as amended, ("Ind AS") and other accounting
principles generally accepted in India, of the state of affairs of the Company as at March
31, 2022, and the Loss and total comprehensive income, changes in equity and its cash
flows for the year ended on that date.
Basis for Qualified Opinion
i. The bank has auctioned the Land, Factory Premises, Plant and Machinery, inventory
and other assets lying at Nasik in Financial Year 2007-08 which was approved by the Debt
Recovery Tribunal. Auction proceeds received by bank has been utilised to repay Bank Cash
Credit Liabilities, Debentures with interest, Electricity charges, deposit given to Labour
court for Labour settlement, SICOM Loans and other related expenses. The accounting of the
above transaction has been done in previous years on the basis of communication from bank.
No confirmation from banks, debenture holders, electricity department Sales Tax Authority
or Labour court have been received against the proceeds distributed by Bank.
We conducted our audit in accordance with the Standards on Auditing (SAs) specified
under section 143(10) of the Act. Our responsibilities under those Standards are further
described in the Auditors Responsibilities for the Audit of the Ind AS 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 Ind AS
financial statements under the provisions of the Act and the Rules made thereunder, and we
have fulfilled our other ethical responsibilities in accordance with these requirements
and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our qualified opinion on the Ind AS financial
statements.
Emphasis of Matter
i. The company had written off and written back various amounts in the previous years.
However, in the absence of any documentary evidence and limited information available
to us, we are unable to comment on such write offs and write back in the previous years
financial statements. ii. The fact that the Companys borrowings from various lenders have
been settled in 2009-10. However, as per records in MCA, the charges are still
outstanding.
Our opinion is not modified in respect of these matters.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of the Ind AS financial statements of the current period. These
matters were addressed in the context of our audit of the Ind AS financial statements as a
whole, and in forming our opinion thereon, and we do not provide a separate opinion on
these matters.
Except for the matter described in the Basis for Qualified Opinion section or Material
Uncertainty Related to Going Concern section, we have determined that there are no key
audit matters to communicate in our report.
Other information
The Companys Board of Directors is responsible for the other information. The other
information comprises the Directors Report including Annexures to Directors Report, but
does not include the Ind AS financial statements and our auditors report thereon.
Our opinion on the Ind AS 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 Ind AS financial statements, our responsibility is
to read the other information identified above when it becomes available and, in doing so,
consider whether the other information is materially inconsistent with the Ind AS
financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated.
If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
Responsibilities of Management and those charged with Governance for the Ind AS
Financial Statements
The Companys Board of Directors is responsible for the matters stated in section
134(5) of the Act with respect to the preparation of these Ind AS financial statements
that give a true and fair view of the financial position, financial performance, total
comprehensive income, changes in equity and cash flows of the Company in accordance with
the Ind AS and other accounting principles generally accepted in India. This
responsibility also includes maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding 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 Ind AS financial statements
that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
In preparing the Ind AS financial statements, the Board of Directors is 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
the Board of Directors 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 Ind AS Financial Statements
Our objectives are to obtain reasonable assurance about whether the Ind AS 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 Ind AS 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 Ind AS 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.
Conclude on the appropriateness of managements 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 Ind AS 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 Ind AS financial
statements, including the disclosures, and whether the Ind AS financial statements
represent the underlying transactions and events in a manner that achieves fair
presentation.
Materiality is the magnitude of misstatements in the Ind AS financial statements that,
individually or in aggregate, makes it probable that the economic decisions of a
reasonably knowledgeable user of the Ind AS 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 Ind AS 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 Ind AS 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
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.
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 of the aforesaid
Ind AS financial statements.
b) Except for the effects of the matter described in the ‘Basis of qualified
opinion paragraph above, in our opinion, proper books of account as required by law
relating to preparation of the aforesaid Ind AS financial statements have been kept by the
Company so far as it appears from our examination of those books.
c) The company does not have any branches. Hence, the provisions of section 143(3)(c)
is not applicable.
d) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive
Income, the Statement of Changes in Equity and the Statement of Cash Flow dealt with by
this Report are in agreement with the books of account.
e) Except for the effects of the matter described in the ‘Basis of qualified
opinion paragraph above, in our opinion, the aforesaid Ind AS financial statements comply
with the Indian Accounting Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014.
f) On the basis of the written representations received from the directors as on March
31, 2022 taken on record by the Board of Directors, none of the directors is disqualified
as on March 31, 2022 from being appointed as a director in terms of Section 164 (2) of the
Act.
g) With respect to adequacy of internal financial controls over financial reporting of
the Company and the operating effectiveness of such controls, refer to our separate report
in "Annexure B" h) In our opinion and to the best of our information and
according to the explanations given to us, we report as under 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 has disclosed the impact of pending litigations on its financial
position as referred to Note 17 (A) to the Ind AS financial statement.
(ii) The Company did not have any long-term contracts including derivative contracts;
as such the question of commenting on any material foreseeable losses thereon does not
arise.
(iii) There were no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company.
(iv) (a) The Management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in the 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 or entity, including foreign
entity ("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 the aggregate) have been received by
the Company from any person or entity, including foreign entity ("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;
(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(e), as provided under (a) and
(b) above, contain any material misstatement.
(v) The Company has not declared or paid any dividend during the year in compliance
with Section 123 of the Act.
3. With respect to the other matters to be included in the Auditors Report in
accordance with the requirements of section 197(16) of the Act, as amended:
In our opinion and to the best of our information and according to the explanations
given to us, the company has not paid any managerial remuneration to its directors during
the year and hence provisions of section 197 of the Act are not applicable to the Company.
|
For GMJ & Co |
|
Chartered Accountants |
|
(FRN: 103429W) |
|
(CA Sonia Didwania) |
|
Partner |
|
M.No.: 410461 |
|
UDIN: 22410461AJRDKS9458 |
| Place : Mumbai |
|
| Date : 26th May, 2022 |
|
Re: SOMA PAPERS & INDUSTRIES LIMITED
Annexure ‘A to the Independent Auditors Report
(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory
Requirements section of our report of even date)
i. The Company does not any have property, plant and equipment and Intangible asset and
accordingly the provisions of clause 3 (i) (a) to (e) of the Companies (Auditors Report)
Order, 2020 are not applicable to the Company.
ii. (a) The Company does not have any Inventory and hence the provisions of clause
3(ii)(a) of the Companies (Auditors Report) Order, 2020 are not applicable to the
Company.
(b) According to the information and explanations given to us and on the basis of our
examination of the records of the company, during any point of time of the year, the
company has not 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. Accordingly, provisions of clause 3 (ii) (b) of the Companies (Auditors Report)
Order is not applicable to the Company.
iii. In respect of Investments, Loans and Advances: the Company has made investments in
companies but not in firms, limited liability partnerships or any other parties during the
year. The Company has not provided any guarantee or security or granted any advances in
the nature of loans, secured or unsecured, to companies, firms, limited liability
partnerships or any other parties during the year.
(a) Since the Company has not provided loans or provided advances in the nature of
loans, or stood guarantee, or provided security to any other entity, Accordingly, the
provisions of clause 3 (iii) (a) is not applicable to it.
(b) Based on the audit procedures, according to information and explanation given to
us, the Investments made by the company are not prejudicial to the companys interest. The
company has not provided guarantee/security or granted loans or advances in nature of
loan.
(c) Since the company has not provided any loans or advances in the nature of loan, the
provisions of clause 3 (iii) (c) is not applicable.
(d) Since the company has not provided any loans or advances in the nature of loan, the
provisions of clause 3 (iii) (d) is not applicable.
(e) Since the company has not provided any loans or advances in the nature of loan, the
provisions of clause 3 (iii) (e) is not applicable.
(f) Based on our audit procedures, according to the information and explanation made
available to us, the Company has not granted any loans or advances in the nature of loans,
therefore the provisions of clause 3 (iii) (f) is not applicable.
iv. According to the information and explanation given to us, the company has not
granted any loans or made any investments, or provided any guarantees or given any
security in respect of which provisions of section 185 and 186 of the Companies Act, 2013
are applicable.
v. In our opinion and according to the information and explanations given to us, the
company has not accepted any deposits as well as deemed deposits from public within the
meaning of Section 73 to 76 of the Companies Act, 2013 and the rules framed there under.
Accordingly, the provisions of clause 3 (v) of the Companies (Auditors Report) Order,
2020 are not applicable to the Company.
vi. The Central Government has not prescribed maintenance of Cost records under
sub-section (1) of section 148 of the Act, in respect of the activities carried on by the
company. Accordingly, the provisions of clause 3 (vi) of the Companies (Auditors Report)
Order is not applicable the company.
vii. (a) According to the information and explanations given to us and on the basis of
our examination of our records of the Company, in respect of undisputed statutory dues
including provident fund, employees state insurance, income tax, wealth tax, Goods and
service tax, duty of customs, cess and any other statutory dues have generally been
regularly deposited with the appropriate authorities.
(b) According to the information and explanations given to us, no undisputed amounts
payable in respect of the aforesaid dues were in arrears as at March 31, 2022 for a period
of more than six months from the date they became payable.
According to the books of accounts and records as produced and examined by us in
accordance with the generally accepted auditing practices in India, as at March 31, 2022,
the following are the particulars of the dues that have not been deposited on the account
of dispute :
| Sr no. Name of the Statute |
Nature of the Dues |
Amount (Rs. in 000s) |
Forum where dispute is pending |
Period to which amount relates |
| 1 Income Tax Act, 1961 |
Income Tax Demand |
378.43 |
CPC |
AY 2009-10 and AY 2011-12 |
viii According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the Company has not surrendered or disclosed
any transactions, previously unrecorded as income in the books of account, in the tax
assessments under the Income Tax Act, 1961 as income during the year.
The Company has not taken any loan from financial institutions or banks during the
year; ix hence the provisions of clause 3 (ix) (a) to (f) of Companies (Auditors Report)
Order, 2020 are not applicable to the Company.
X (a) According to the information and explanations given to us and based on the
records and documents produced before us, during the year the company has not raised money
by way of initial public offer or further public offer (including debt instruments),
therefore, the provisions of Clause 3(x)(a) of the Companies (Auditors Report) Order are
not applicable to the Company.
(b) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the Company has not made any preferential
allotment or private placement of shares or convertible debentures (fully, partially or
optionally convertible) during the year. Accordingly, clause 3(x)(b) of the Companies
(Auditors Report) Order is not applicable to the Company.
xi. (a) Based on examination of the books and records of the Company and according to
the information and explanations given to us, considering the principles of materiality as
outlined in the Standards on Auditing, we report that no fraud by the Company or on the
Company has been noticed or reported during the course of the audit.
(b) According to the information and explanations given to us, no report under Section
143(12) of the Act has been filed by the auditors in Form ADT-4 as prescribed under rule
13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.
(c) To the best of our knowledge and according to the information and explanation given
to us, the company has not received whistle-blower complaints, during the year.
xii. The company is not a Nidhi Company and hence the provisions of clause 3 (xii) of
Companies (Auditors Report) Order, 2020 are not applicable to the Company.
xiii. According to the information and explanations given to us, all transactions with
the related party are in compliance with sections 177 and 188 of the Act. The details of
such related party transactions have been disclosed in the financial statements as
required under Indian Accounting Standard (Ind AS) 24, Related Party Disclosures specified
under Section 133 of the Act.
xiv. (a) In our opinion and according to the information and explanation given to us,
the Company has an internal audit system commensurate with the size and nature of its
business.
(b) We have considered the internal audit reports of the company issued till date, for
the period under audit. xv. According to the information and explanations given to us, the
Company has not entered into any non-cash transactions with directors or persons connected
with its Directors and hence the provisions of section 192 of the Companies Act are not
applicable to the Company.
xvi. The Company is not required to be registered under section 45-IA of the Reserve
Bank of India Act, 1934. Accordingly, the provision of clauses 3 (xvi) (a) to (d) of the
Companies (Auditors Report) Order, 2020 Order are not applicable to the Company.
xvii. The Company has incurred cash losses during current financial year which amounts
to Rs. (in 000s) (2.12) and during previous financial year of Rs. in 000s (1630.60)
respectively.
xviii. There has been no resignation of the statutory auditors during the year.
Accordingly, the provisions of clause (xviii) of the paragraph 3 of Companies (Auditors
Report) Order, 2020 Order are not applicable to the Company.
xix. According to the information and explanations given to us and 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 Ind AS financial statements,
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 that Company is not 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. 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. In our opinion and according to the information and explanations given to us,
Section 135 of the Companies Act, 2013 is not applicable to the Company. Therefore the
provisions of clause 3 (xx) (a) and (b) of the Companies (Auditors Report) Order, 2020
Order are not applicable to the Company. xxi. The reporting under clause (xxi) is not
applicable in respect of audit of standalone financial statements of the Company.
Accordingly, no comment has been included in respect of said clause under this report.
|
For GMJ & Co |
|
Chartered Accountants |
|
(FRN: 103429W) |
|
(CA Sonia Didwania) |
|
Partner |
|
M.No.: 410461 |
|
UDIN: 22410461AJRDKS9458 |
| Place : Mumbai |
|
| Date : 26th May, 2022 |
|
Annexure ‘B to the Auditors Report
(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 "SOMA
PAPERS AND INDUSTRIES LIMITED" ("the Company") as of March 31, 2022 in
conjunction with our audit of the Ind AS financial statements of the Company for the year
ended on that date.
Managements Responsibility for Internal Financial Controls
The Companys management is 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 authorizations of management and directors of the company; and
(3) Provide reasonable assurance regarding prevention or timely detection of
unauthorized 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, 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 31,2022, 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 GMJ & Co |
|
Chartered Accountants |
|
(FRN: 103429W) |
|
(CA Sonia Didwania) |
|
Partner |
|
M.No.: 410461 |
|
UDIN: 22410461AJRDKS9458 |
| Place : Mumbai |
|
| Date : 26th May, 2022 |
|
+91-9892691696
