85 / 172
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the matters specified in paragraphs 3 and 4 of the
Order.
10. 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, and the Cash Flow Statement dealt with
by this Report are in agreement with the books
of account;
d) In our opinion, the aforesaid Standalone
Financial Statements comply with the
Accounting Standards specified under Section
133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014;
e) On the basis of the written representations
received from the Directors as on March 31,
2016 taken on record by the Board of Directors,
none of the Directors is disqualified as on March
31, 2016 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, 2016 on its financial position in its
Standalone Financial Statements;
ii) The Company has made provision as at
March 31, 2016, 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 the year
ended March 31, 2016.
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W | W-100040
S Venkatesh
Mumbai
Partner
April 29, 2016
Membership Number: 037942