Page 2 - BALANCE SHEET MGT_001(1)

wwf u@rd KUNJABI & CO.
firrr" ufurue C h a rte red Ac eott nta n ts
# Ef,rcuzf,s C& WAI'GKHEI THUNOU, C}IECKON
TMPHAL - 795 001
ssd+rrc" oo9 FRN - 309r15E
Tele lax : +91 385 2144,22]4
Tele : +91 385 2tt4900l
e-mail:kuniati O grnail.com
inlo O kuniatiandco.com

lndependent Auditor's RePort

To
The Members of
M G T MOTORS PRIVATE LIMITED
Report on the Audit of the Standalone Financial Statements

Opinion
We have audited the standalone financial Statements of M G T Motors Private Limited ("the Company"),
which comprise of the balance sheet as at 31sr March 2020 and the statement of Profrt and Loss and
statement of cash flows for the year then ended, and notes to the financial statements, includtng a summary
of significant accounting policies and other explanatory informatton ln our opinion and to the best of our
information and according to the explanations grven to us, the aforesaid standalone financtal statements
give the inforrnation requiied by the Act in the minner so required and give,a true-and fair vtew m conformtty
iritn tn" accounting prrnciples generally accepted in lndia, of the state of affairs of the Company as at March
31 201g, and profit" changes in equity and its cash flows for the year ended on that date

Basis of Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards on
Auditing specified under section 143(10) of the Companies Act. 2013 Our responsibilities under those
Standards are further described in the Auditor's Responsibilities for the Audit of lhe Standalone Financtal
Statements section of our report We are independent of the Company in accordance with the Code of
Ethics issued by the lnstitute of chartered Accountants of lndia(lcAl) together with the_ethical requirements
that are relevant to our audit of lhe financial statements under the provisions of the Companies Act, 2013
and the Rules thereunder, and we have fulfrlled our other ethical responsibilitres in accordance with these
requirements and the lCAt's Code of Ethrcs We believe that the audil evidence we have obtained ts
.rffl"i"nt and appropriate to provide a basis for our opinion on standalone financtal statements

Key Audit Matters
The Company rs not a listed company and hence we have not expressed a separate oprnion on these
matters

lnformation other than the standalone financial statements
in" Cornp"ny's Board of Directors is responsible for the preparation of other information whtch comprtses
information included in-tne Managereni Discussion and Analysis, Board's Report including Annexures
thereto, Business nesponsiOitity niport, Corporate Governance and Shareholder's lnformation Our opinion
on the standalone financial statlments does not cover the other information and we do not express any form
of assurance conclusion thereon
Management's ResPonsibilitY for the Standalone Financial Statements
The ComPanY's Board of Directors is responsible for the matters stated in section 134(5) of the ComPanies
Act, 2013 ("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, changes in equity and cash flows of the
Company in accordance with the accounting princigles generallY accePted in lndia, including the accounting

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