To The Members of Zota Health Care Limited
REPORT ON THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS
I have audited the accompanying standalone financial statements of ZOTA HEALTH CARE
LIMITED (the "Company"), which comprise the Balance Sheet as at 31 March,
2023, the Statement of Profit and Loss (including Other Comprehensive Income), the
Statement of Changes in Equity and the Cash Flows for the year ended on that date and a
summary of the significant accounting policies and other explanatory information
(hereinafter referred to as the "standalone financial statements").
In my opinion and to the best of my information and according to the explanations given
to me, 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 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 31 March, 2023, the profit and total comprehensive
income, changes in equity and its cash flows for the year ended on that date.
BASIS FOR OPINION
I conducted my audit of the standalone financial statements in accordance with the
Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. My
responsibilities under those Standards are further described in the Auditors
Responsibilities for the Audit of the standalone financial statements section of my
report. I am independent of the Company in accordance with the Code of Ethics issued by
the Institute of Chartered Accountants of India (ICAI) together with the independence
requirements that are relevant to my audit of the standalone financial statements under
the provisions of the Act and the Rules made thereunder, and I have fulfilled my other
ethical responsibilities in accordance with these requirements and the ICAIs Code of
Ethics. I believe that the audit evidence I have obtained is sufficient and appropriate to
provide a basis for my audit opinion on the standalone financial statements.
KEY AUDIT MATTERS
I have determined that there are no key audit matters to communicate in my report.
INFORMATION OTHER THAN THE FINANCIAL STATEMENTS AND AUDITORS REPORT THEREON
The Companys Board of Directors is 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, Business
Responsibility Report, Corporate Governance Report and Shareholders Information, but does
not include the standalone financial statements and my auditors report thereon.
My opinion on the standalone financial statements does not cover the other information
and I do not express any form of assurance conclusion thereon.
In connection with my audit of the standalone financial statements, my 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 my knowledge
obtained during the course of my audit or otherwise appears to be materially misstated.
If, based on the work I have performed, I conclude that there is a material
misstatement of this other information, I am required to report that fact. I have nothing
to report in this regard.
RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE FOR THE STANDALONE
FINANCIAL STATEMENTS
The Companys Management and Board of Directors is responsible for the matters stated
in section 134(5) of 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, 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 standalone
financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the standalone financial statements, management 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
management either intends to liquidate the Company or to cease operations, or has no
realistic alternative but to do so.
The Board of Directors of the Company is also responsible for overseeing the Companys
financial reporting process.
AUDITORS RESPONSIBILITIES FOR THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS
My objectives are to obtain reasonable assurance about whether the standalone financial
statements as a whole are free from material misstatement, whether due to fraud or error,
and to issue an auditors report that includes my 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 standalone financial statements.
As part of an audit in accordance with SAs, I exercise professional judgment and
maintain professional skepticism throughout the audit. I also:
- Identify and assess the risks of material misstatement of the standalone 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 my 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 financial controls relevant to the audit in order
to design audit procedures that are appropriate in the circumstances. Under section
143(3)(i) of the Act, I am also responsible for expressing my 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 I conclude that a material uncertainty exists,
I am required to draw attention in my auditors report to the related disclosures in the
standalone financial statements or, if such disclosures are inadequate, to modify my
opinion. My conclusions are based on the audit evidence obtained up to the date of my
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 standalone financial
statements, including the disclosures, and whether the standalone financial statements
represent the underlying transactions and events in a manner that achieves fair
presentation.
I 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 I identify during my audit.
I also provide those charged with governance with a statement that I 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 my independence,
and where applicable, related safeguards.
From the matters communicated with those charged with governance, I determine those
matters that were of most significance in the audit of the standalone financial statements
of the current period and are therefore the key audit matters. I describe these matters in
my auditors report unless law or regulation precludes public disclosure about the matter
or when, in extremely rare circumstances, I determine that a matter should not be
communicated in my 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 section 143(3) of the Act, I report that:
a. I have sought and obtained all the information and explanations, which to the best
of my knowledge and belief were necessary for the purpose of my audit;
b. In my opinion proper books of accounts as required by Law have been kept by the
Company, so far as it appears from my examination of the books;
c. The Balance Sheet, the Statement of Profit and Loss (including other comprehensive
income), the Cash Flow Statement and the Statement of Changes in Equity dealt with by this
report are in agreement with the books of account;
d. In my opinion, the aforesaid standalone financial statements comply with the
Accounting Standards specified under Section 133 of the Act, read with Companies (Indian
Accounting Standards) Rules, 2015, as amended;
e. On the basis of the written representations received from the directors as on 31
March, 2023 taken on record by the Board of Directors, none of the directors is
disqualified as on 31 March, 2023 from being appointed as a director in terms of Section
164(2) of the Act;
f. With respect to the adequacy of the internal financial controls over financial
reporting of the Company and the operating effectiveness of such controls, refer to my
separate Report in "Annexure A";
g. In my opinion and to the best of my information and according to the explanations
given to us, the remuneration paid by the Company to its directors during the year is in
accordance with the provisions of section 197 read with Schedule V to 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, as amended in
my opinion and to the best of my knowledge and belief and according to the information and
explanations given to me:
(i) The Company does not have any pending litigations which would impact its financial
position;
(ii) The Company did not have any long-term contracts including derivatives contracts
for which there were any material foreseeable losses;
(iii) There has been no delay in transferring amounts, 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) (a) The final dividend paid by the Company during the year in respect of the same
declared for the previous year is in accordance with section 123 of the Act to the extent
it applies to payment of dividend.
(b) The Board of Directors of the Company have proposed final dividend for the year
which is subject to the approval of the members at the ensuing Annual General Meeting. The
amount of dividend proposed is in accordance with section 123 of the Act, as applicable.
(vi) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books
of account using accounting software which has a feature of recording audit trail (edit
log) facility is applicable to the Company with effect from 1 April, 2023, and
accordingly, reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is
not applicable for the financial year ended 31 March, 2023.
2. As required by the Companies (Auditors Report) Order, 2020, issued by the Central
Government of India in terms of sub-section (11) of section 143 of the Act (the
"Order") and according to the information and explanations given to me, I
enclose in the "Annexure B" a statement on the matters specified in
paragraphs 3 and 4 of the Order, to the extent applicable.
For Shivangi Parekh & Co.
Chartered Accountants
ICAI Firm Reg. No.: 131449W
|
Sd\- |
|
CA. Shivangi Parekh |
|
Proprietor |
| Date: 30 May, 2023 |
M. No.: 118936 |
| Place: Surat |
UDIN: 23118936BGWQCO3386 |
Annexure "A" to the Independent Auditors Report
(Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory
Requirements section of my report to the Members of Zota Health Care Limited) Report on
the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the
Companies Act, 2013 ("the Act")
I have audited the internal financial controls with reference to Standalone Financial
Statements of ZOTA HEALTH CARE LIMITED ("the Company") as of 31 March,
2023 in conjunction with my audit of the standalone financial statements of the Company
for the year ended on that date.
MANAGEMENTS RESPONSIBILITY FOR INTERNAL FINANCIAL CONTROLS
The Board of Directors of the Company 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
My responsibility is to express an opinion on the Companys internal financial controls
with reference to Standalone Financial Statements based on my audit. I conducted my audit
in accordance with the Guidance Note on Audit of Internal Financial Controls with
reference to Standalone Financial Statements (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 I comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls with reference to
Standalone Financial Statements was established and maintained and if such controls
operated effectively in all material respects.
My audit involves performing procedures to obtain audit evidence about the adequacy of
the internal financial controls system with reference to Standalone Financial Statements
and their operating effectiveness. My audit of internal financial controls with reference
to Standalone Financial Statements included obtaining an understanding of internal
financial controls with reference to Standalone Financial Statements, 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.
I believe that the audit evidence I have obtained is sufficient and appropriate to
provide a basis for my audit opinion on the Companys internal financial controls with
reference to these standalone financial statements.
MEANING OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO STANDALONE FINANCIAL
STATEMENTS
A Companys internal financial controls with reference to standalone financial
statements 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 condensed financial statements.
INHERENT LIMITATIONS OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO STANDALONE
FINANCIAL STATEMENTS
Because of the inherent limitations of internal financial controls with reference to
standalone financial statements, 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 with reference to Standalone Financial Statements to future periods are subject
to the risk that the internal financial control with reference to Standalone Financial
Statements may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
OPINION
In my opinion, the Company has, in all material respects, adequate internal financial
controls with reference to standalone financial statements and such internal financial
controls with reference to standalone financial statements were operating effectively as
at 31 March 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 issued by the ICAI.
For Shivangi Parekh & Co.
Chartered Accountants
ICAI Firm Reg. No.: 131449W
|
Sd\- |
|
CA. Shivangi Parekh |
|
Proprietor |
| Date: 30 May, 2023 |
M. No.: 118936 |
| Place: Surat |
UDIN: 23118936BGWQCO3386 |
Annexure "B" to the Auditors Report
(Referred to in paragraph 2, under ‘Report on Other Legal and Regulatory
Requirements section of my Report to the Members of Zota Health Care Limited of even
date)
As required by the Companies (Auditors Report) Order, 2020 and according to the
information and explanations given to me during the course of audit and on the basis of
such checks as were considered appropriate, I report that:
(i) In respect of the Companys Property, Plant and Equipment and Intangible Assets:
a. (i) The Company has maintained proper records showing full particulars, including
quantitative details and situation of property, plant and equipment.
(ii) The Company is maintaining proper records showing full particulars of intangible
assets.
b. According to the information and explanations given to me, all property, plant &
equipment have been physically verified by the management during the period at reasonable
intervals. As explained to me, no material discrepancies were noticed as compared to the
books records, on such physical verification.
c. According to the information and explanations given to me, the title deeds of
immovable properties (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) included in property, plant and
equipment are held in the name of the Company.
d. According to the information and explanations given to me, the Company has not
revalued any of its Property, Plant and Equipment and intangible assets during the year.
Accordingly, the requirements under paragraph 3(i)(d) of the Order are not applicable to
the Company.
e. According to the information and explanations given to me, no proceeding has been
initiated or pending against the Company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 and rules made thereunder. Accordingly, the
provisions stated in paragraph 3(i) (e) of the Order are not applicable to the Company.
(ii) (a) The inventory has been physically verified by the management during the year.
In my opinion, the frequency of such verification is reasonable and procedures and
coverage as followed by management were appropriate. No discrepancies were noticed on
verification between the physical stocks and the book records that were 10% or more in the
aggregate for each class of inventory.
(b) The Company has not been sanctioned working capital limits in excess of 5 crore,
in aggregate, at any points of time during the year, from banks or financial institutions
on the basis of security of current assets and hence reporting under clause 3(ii)(b) of
the Order is not applicable.
(iii) (a) According to the information and explanations given to me and on the basis of
my examination of the records of the Company, the Company has not made any investments,
provided 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.
The Company has granted loan to a subsidiary Company covered in the register maintained
under section 189 of the Companies Act, 2013. The details of the loan is stated in
sub-clause (a) below. The Company has not granted any loans, secured or unsecured, to
firms, limited liability partnerships or any other parties during the year.
A. Based on the audit procedures carried on by me and as per the information and
explanations given to me, the Company has granted loan to its subsidiary as stated below:
| Particulars |
Amount ( in Lakhs) |
| Aggregate amount during the year |
949.96 |
| Balance outstanding as at balance sheet date |
1,256.28 |
B. Based on the audit procedures carried on by us and as per the information and
explanations given to us, the Company has not granted loans to any party other than
subsidiary.
(b) In my opinion, the investments made and the terms and conditions of the grant of
loans, during the year are, prima facie, not prejudicial to the Companys interest.
(c) In respect of loans granted by the Company, the schedule of repayment of principal
and payment of interest has been stipulated and the repayments of principal amounts and
receipts of interest are generally been regular as per stipulation.
(d) In respect of loans granted by the Company, there is no overdue amount remaining
outstanding as at the balance sheet date.
(e) No loan granted by the Company which has fallen due during the year, has been
renewed or extended or fresh loans granted to settle the overdues of existing loans given
to the same parties.
(f) The Company has not granted any loans or advances in the nature of loans either
repayable on demand or without specifying any terms or period of repayment during the
year. Hence, reporting under clause 3(iii)(f) is not applicable.
(iv) In my opinion and according to the information and explanations given to me, 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) According to the information and explanations given to me, the Company has not
accepted deposits from the public and the other security deposits accepted are not
considered as deposits as per section 73 to 76. Therefore, the provisions of the clause
3(v) of the Order are not applicable to the Company.
(vi) According to the information & explanation given to me, cost records have been
maintained by the Company as prescribed under sub section (1) of section 148 of the
Companies Act, 2013. We have not, however, made a detailed examination of the same.
(vii) According to the information and explanations given to me, in respect of
statutory dues:
(a) According to the information and explanations given to me and according to the
records, the Company has generally been regular in depositing undisputed statutory dues
with appropriate authorities during the year.
There were no undisputed amounts payable in respect of Provident Fund, Employees State
Insurance, Income Tax, Goods and Service Tax, Customs Duty, Cess and other material
statutory dues in arrears as at 31 March, 2023 for a period of more than six months from
the date they became payable.
(b) According to the information and explanation given to us and the records of the
Company examined by us, there are no dues of income tax, goods and service tax, customs
duty, cess and any other statutory dues which have not been deposited on account of any
dispute.
(viii) According to the information and explanations given to me, there are no
transactions which are not accounted in the books of account which have been surrendered
or disclosed as income during the year in Tax Assessment of the Company. Also, there are
no previously unrecorded income which has been now recorded in the books of account.
Hence, the provision stated in paragraph 3(viii) of the Order is not applicable to the
Company.
(ix) The Company does not have any loans or borrowings and repayment to lenders during
the year. Accordingly, the provision stated in paragraph 3(ix) (a) to (c) and sub clause
(e) and (f)) of the Order is not applicable to the Company.
(x) (a) The Company has not raised moneys by way of initial public offer or further
public offer (including debt instruments) or term loans and hence reporting under clause
3(x)(a) of the Order is not applicable to the Company.
(b) The Company has not made any preferential allotment or private placement of shares
or convertible debentures (fully, partially or optionally convertible) during the year and
hence the requirements of section 42 and section 62 of the Companies Act, 2013 is not
arising.
(xi) (a) To the best of my knowledge and according to the information and explanations
given to me, no fraud by the Company and no material fraud on the Company has been noticed
or reported during the year.
(b) According to the information and explanations given to me, no report under
sub-section (12) of section 143 of the Companies Act has been filed in Form ADT-4 as
prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central
Government, during the year and up to the date of this report.
(c) As represented to me by the management, there are no whistle-blower complaints
received by the Company during the year. Accordingly, the provisions stated in paragraph
(xi)(c) of the Order is not applicable to Company.
(xii) The Company is not a Nidhi Company and hence reporting under clause 3(xii) (a) to
(c) of the Order is not applicable to the Company and hence not commented upon.
(xiii) In my opinion and according to the information and explanations given to me,
transactions with the related parties are in compliance with section 177 and 188 of the
Act where applicable and the details have been disclosed in the notes to the standalone
financial statements, as required by the applicable accounting standards.
(xiv) (a) In my opinion the Company has an adequate internal audit system commensurate
with the size and the nature of its business.
(b) I 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
the audit procedures.
(xv) In my opinion and according to the information and explanations given to me,
during the year the Company has not entered into any non-cash transactions with directors
or persons connected with him as referred to in section 192 of Companies Act, 2013.
(xvi) (a) The Company is not required to be registered under section 45 IA of the
Reserve Bank of India Act, 1934 and accordingly, the provisions stated in paragraph clause
3 (xvi)(a) of the Order are not applicable to the Company.
(b) The Company is not engaged in any Non-Banking Financial or Housing Finance
activities. Accordingly, the requirement to report on clause (xvi)(b) of the Order is not
applicable to the Company.
(c) The Company is not a Core Investment Company as defined in the regulations made by
Reserve Bank of India. Accordingly, the requirement to report on clause 3(xvi) (c) of the
Order is not applicable to the Company.
(xvii) The Company has not incurred cash losses during the financial year covered by
the audit and the immediately preceding financial year.
(xviii) There has been no resignation of the statutory auditors during the year and
accordingly requirement to report on Clause 3(xviii) of the Order is not applicable to the
Company.
(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 my examination of the evidence supporting the assumptions, nothing has come to my
attention, which causes me to believe that any material uncertainty exists as on the date
of the audit report indicating 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. I, however, state that this is not an assurance as to
the future viability of the Company. I further state that my reporting is based on the
facts up to the date of the audit report and I 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 Companies Act, 2013
pursuant to any project. Accordingly, clauses 3(xx)(a) and 3(xx)(b) of the Order are not
applicable.
For Shivangi Parekh & Co.
Chartered Accountants
ICAI Firm Reg. No.: 131449W
|
Sd\- |
|
CA. Shivangi Parekh |
|
Proprietor |
| Date: 30 May, 2023 |
M. No.: 118936 |
| Place: Surat |
UDIN: 23118936BGWQCO3386 |
+91-9892691696
