Page 95 - inside page.cdr

ANNUAL REPORT 2018 - 2019

19. FurthertoourcommentsinAnnexureA,asrequiredbySection143(3)oftheAct,wereportthat

i. We have sought and obtained all the information and explanations which to the best of our knowledge and
beliefwerenecessaryforthepurposesofouraudit;
ii. In our opinion,proper books of account as required by law have been kept by the Company so far as it appears
fromourexaminationofthosebooks;
iii. TheStandaloneFinancialStatementsdealtwithbythisreportareinagreementwiththebooksofaccount;
iv. In our opinion,the aforesaid standalone financial statements comply with the Accounting Standards specified
underSection133oftheAct;
v. on the basis of the written representations received from the directors as on 31st March,2019 taken on record
bytheboardofDirectors,noneofthedirectorsisdisqualifiedason31stMarch,2019frombeingappointedasa
directorintermsofSection164(2)oftheAct;
vi. WithrespecttotheadequacyoftheinternalfinancialcontrolsoverfinancialreportingoftheCompanyandthe
operating effectiveness of such controls,refer to our separate Report in“Annexure B”expressed an unmodified
opinion;
20. With respect to the other matters to be included in the Auditor’s 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
explanationsgiventous:
i. The Company has disclosed the impact of pending litigations on its financial position in the standalone
financialstatementsReferNote3 tothestandalonefinancialstatements;1
ii. The Company did not have any long-term contracts including derivative contracts for which there were any
materialforeseeablelossesneedstobeprovidedasatMarch31,2019;
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and
ProtectionFundbytheCompanyduringtheyearended31March2019.

iv. Thedisclosuresinthestandalonefinancialstatementsregardingholdingsaswellasdealingsinspecifiedbank
notesduringtheperiodfrom8November2016to30December2016havenotbeenmadeinthesestandalone
financial statements since they do not pertain to the financial year ended 31 March 2019. Hence, reporting
underthisclauseisnotapplicable.

For B D G & Associates
Chartered Accountants
FRN No. 119739W

Rameshkumar L Sharma
Partner
Membership No.047896
Place:Mumbai
Date : 27th May,2019

91
INDEPENDENT AUDITORS' REPORT