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Independent Auditor's Report
To the Members of Atul Ltd
Report on the audit of the Standalone Financial
Statements
Opinion
01. We have audited the accompanying Standalone
Financial Statements of Atul Ltd (the Company), which
comprise the Balance Sheet as at March 31, 2019,
îŠē ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ȳĿŠČŕƭēĿŠij ūƥĺĚƑ
comprehensive income), the Statement of Cash Flows
and the Statement of changes in equity for the year
ƥĺĚŠ ĚŠēĚē îŠē î ƙƭŞŞîƑNj ūlj ƙĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij
policies and other explanatory information.
02. In our opinion and to the best of our information and
according to the explanations given to us, the aforesaid
Standalone Financial Statements give the information
required by the Companies Act, 2013 (the Act) in the
manner so required and give a true and fair view in
conformity with the Indian Accounting Standards
prescribed under Section 133 of the Act read with
the Companies (Indian Accounting Standards) Rules,
2015, as amended, (Ind AS) and other accounting
principles generally accepted in India, of the state of
affairs of the Company as at March 31, 2019, and its
ƎƑūǛƥȡ ƥūƥîŕ ČūŞƎƑĚĺĚŠƙĿDŽĚ ĿŠČūŞĚȡ Ŀƥƙ Čîƙĺ ǜūDžƙ îŠē
the changes in equity for the year ended on that date.
Basis for opinion
03. We conducted our audit of the Standalone Financial
Statements in accordance with the Standards on
ƭēĿƥĿŠij ƙƎĚČĿǛĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǪǩȳǧǦȴ ūlj ƥĺĚ Čƥ
(SAs). Our responsibilities under those Standards are
further described in the Auditor’s Responsibility for the
Audit of the Standalone Financial Statements section
of our report. We are independent of the Company
in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India (ICAI)
together with the ethical requirements that are relevant
to our audit of the Standalone Financial Statements
under the provisions of the Act and the Rules made
ƥĺĚƑĚƭŠēĚƑȡ îŠē DžĚ ĺîDŽĚ ljƭŕǛŕŕĚē ūƭƑ ūƥĺĚƑ ĚƥĺĿČîŕ
responsibilities in accordance with these requirements
and the ICAI’s Code of Ethics. We believe that the audit
ĚDŽĿēĚŠČĚ ūċƥîĿŠĚē ċNj ƭƙ Ŀƙ ƙƭljǛČĿĚŠƥ îŠē îƎƎƑūƎƑĿîƥĚ ƥū
provide a basis for our audit opinion on the Standalone
Financial Statements.
Key audit matters
ǦǪȦ eĚNj îƭēĿƥ ŞîƥƥĚƑƙ îƑĚ ƥĺūƙĚ ŞîƥƥĚƑƙ ƥĺîƥȡ ĿŠ ūƭƑ
ƎƑūljĚƙƙĿūŠîŕ ŏƭēijĚŞĚŠƥȡ DžĚƑĚ ūlj Şūƙƥ ƙĿijŠĿǛČîŠČĚ ĿŠ
our audit of the Standalone Financial Statements of
the current period. These matters were addressed in
the context of our audit of the Standalone Financial
Statements as a whole, and in forming our opinion
thereon, and we do not provide a separate opinion
on these matters. We have determined the matters
described below to be the key audit matters to be
communicated in our report.
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Standalone
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Independent Auditor’s Report