Atul Ltd 2016-17

87 11. As required by Section 143 (3) of the Act, we report that: a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books. c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Cash Flows and the Statement of changes in equity dealt with by this Report are in agreement with the books of accounts. d) In our opinion, the aforesaid Standalone Ind AS Financial Statements comply with the Indian Accounting Standards specified under Section 133 of the Act. e) On the basis of the written representations received from the Directors as on March 31, 2017 taken on recordby the Boardof Directors, none of theDirectors is disqualified as on March 31, 2017 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 our separate Report in Annexure A. g) 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, in our opinion and to the best of our knowledge and belief and according to the information and explanations given to us: i) The Company has disclosed the impact, if any, of pending litigations as at March 31, 2017 on its financial position in its Standalone Ind AS Financial Statements - refer Note 27.1. ii) The Company has made a provision as at March 31, 2017, as required under the applicable law or Accounting Standards, for material foreseeable losses, if any, on long- term contracts including derivative contracts. iii) There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company during 2016-17. iv) The Company has provided requisite disclosures in the Financial Statements as to holdings as well as dealings in Specified Bank Notes during the period from November 08, 2016 to December 30, 2016. Based on audit procedures and relying on the Management representation we report that the disclosures are in accordance with books of account maintained by the Company and as produced to us by the Management - refer Note 27.15. For Dalal & Shah Chartered Accountants LLP Firm Registration Number: 102020W | W-100040 S Venkatesh Mumbai Partner May 05, 2017 Membership Number: 037942