Page 123 - Kolte Patil AR 2019-20

audited by the other auditors whose reports have been furnished to In our opinion and to the best of our information and
us by the Management, and our opinion in so far as it relates to the according to the explanations given to us, the remuneration
amounts included in respect of these partnership firms and LLPs, is paid by the Company to its directors during the year is in
based solely on the report of the other auditors. accordance with the provisions of section 197 of the Act.
Our opinion on the standalone financial statements and our report h) With respect to the other matters to be included in
on Other Legal and Regulatory Requirements below is not modified the Auditor’s Report in accordance with Rule 11 of the
in respect of this matter. Companies (Audit and Auditors) Rules, 2014, as amended
in our opinion and to the best of our information and
REPORT ON OTHER LEGAL AND REGULATORY according to the explanations given to us:
REQUIREMENTS i. The Company has disclosed the impact of pending
1. As required by Section 143(3) of the Act, based on our audit and litigations on its financial position in its standalone
on the consideration of the reports of the other auditors on the financial statements.
separate financial statements of Partnership Firms and Limited
Liability Partnerships, referred to in the Other Matter section ii. The Company did not have any long-term contracts
above we report, to the extent applicable that: including derivative contracts for which there were
any material foreseeable losses.
a) We have sought and obtained all the information and
explanations which to the best of our knowledge and belief iii. Following are the instances of delay in transferring
were necessary for the purposes of our audit. amounts, required to be transferred, to the Investor
Education and Protection Fund by the Parent-
b) In our opinion, proper books of account as required by law
have been kept by the Company so far as it appears from Amount of H5.09 Lakhs and 5.24 Lakhs were due on 14 October
our examination of those books. 2019 and 18 December 2019 respectively. The Company has
paid these amounts with the delay of 239 days and 177 days on
c) The Balance Sheet, the Statement of Profit and Loss 09 June 2020 and 12 June 2020 respectively.
including Other Comprehensive Income, the Cash Flow
Statement and Statement of Changes in Equity dealt with 2. As required by the Companies (Auditor’s Report) Order, 2016
by this Report are in agreement with the relevant books of (“the Order”) issued by the Central Government in terms of
account. Section 143(11) of the Act, we give in “Annexure B” a statement
on the matters specified in paragraphs 3 and 4 of the Order.
d) In our opinion, the aforesaid standalone financial statements
comply with the Ind AS specified under Section 133 of the
Act.
For Deloitte Haskins & Sells LLP
e) On the basis of the written representations received from Chartered Accountants
the directors as on 31 March, 2020 taken on record by the (Firm’s Registration No. 117366W/W-100018)
Board of Directors, none of the directors is disqualified as on
31 March, 2020 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 Saira Nainar
controls over financial reporting of the Company and (Partner)
the operating effectiveness of such controls, refer to our (Membership No. 040081)
separate Report in “Annexure A”. Our report expresses (UDIN: 20040081AAAAAZ4755)
an unmodified opinion on the adequacy and operating Place: Mumbai
effectiveness of the Company’s internal financial controls
over financial reporting. Date: 23 June 2020
g) With respect to the other matters to be included in the
Auditor’s Report in accordance with the requirements of
section 197(16) of the Act, as amended,

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