Page 120 - Kolte Patil AR 2019-20

INDEPENDENT

AUDITOR’S REPORT

To
The Members of Kolte-Patil Developers Limited
Report on the Audit of the Standalone Financial Statements

OPINION of our report. We are independent of the Company in
We have audited the accompanying standalone financial accordance with the Code of Ethics issued by the Institute of
statements of Kolte-Patil Developers Limited (“the Company”), Chartered Accountants of India (ICAI) together with the ethical
which comprise the Balance Sheet as at 31 March 2020, and the requirements that are relevant to our audit of the standalone
Statement of Profit and Loss (including Other Comprehensive financial statements under the provisions of the Act and the
Income), the Cash Flow Statement and the Statement of Changes Rules made thereunder, and we have fulfilled our other ethical
in Equity for the year then ended, and a summary of significant responsibilities in accordance with these requirements and
accounting policies and other explanatory information. the ICAI’s Code of Ethics. We believe that the audit evidence
obtained by us and the audit evidence obtained by the other
In our opinion and to the best of our information and according auditors in terms of their reports referred to in the Other Matter
to the explanations given to us, and based on the consideration section below, is sufficient and appropriate to provide a basis for
of reports of the other auditors on separate financial statements our audit opinion on the standalone financial statements.
of the Partnership Firms and Limited Liability Partnership (“LLPs”)
referred to in the Other Matter section below, the aforesaid EMPHASIS OF MATTER
standalone financial statements give the information required by
the Companies Act, 2013 (“the Act”) in the manner so required We draw attention to Note 2(D) of the standalone financial
and give a true and fair view in conformity with the Indian statements, which describes that the potential impact of
Accounting Standards prescribed under section 133 of the Act COVID-19 pandemic on the operations and financial statements
read with the Companies (Indian Accounting Standards) Rules, of the Company is dependent on future developments, which are
2015, as amended, (“Ind AS”) and other accounting principles uncertain.
generally accepted in India, of the state of affairs of the Company Our opinion is not modified in respect of this matter.
as at 31 March 2020, and its profit total comprehensive income,
its cash flows and the changes in equity for the year ended on KEY AUDIT MATTERS
that date. Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the standalone
BASIS FOR OPINION financial statements of the current period. These matters were
We conducted our audit of the standalone financial statements addressed in the context of our audit of the standalone financial
in accordance with the Standards on Auditing specified under statements as a whole, and in forming our opinion thereon, and
section 143(10) of the Act (SAs). Our responsibilities under those we do not provide a separate opinion on these matters. We have
Standards are further described in the Auditor’s Responsibility for determined the matters described below to be the key audit
the Audit of the Standalone Financial Statements section matters to be communicated in our report.

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