TO THE MEMBERS OF ALKYL AMINES CHEMICALS LIMITED Report on the audit ofFinancial Statements
We have audited the accompanying financial Statements of Alkyl AminesChemicals Limited ("the Company") which comprise the Balance Sheet as at March31 2021 the Statement of Profit and Loss (including Other Comprehensive Income) CashFlow Statement and the Statement of Change in Equity for the year then ended and a summaryof the significant accounting policies and other explanatory information (hereinafterreferred to as "the financial statements").
In our opinion and to the best of our information and according to theexplanations given to us the aforesaid financial statements give the information requiredby the Companies Act 2013 ("the Act") in the manner so required and give atrue and fair view in conformity with the Indian Accounting Standards prescribed undersection 133 of the Act read with the Companies (Indian Accounting Standards) Rules 2015as amended ("Ind AS") and other accounting principles generally accepted inIndia of the state of affairs of the Company as at March 31 2021 the profit and totalcomprehensive income its cash flows and changes in equity for the year ended on thatdate.
Basis for Opinion
We conducted our audit of the financial statements in accordance withthe Standards on Auditing specified under section 143(10) of the Act (SAs). Ourresponsibilities under those Standards are further described in the Auditor'sResponsibilities for the Audit of the Financial Statements section of our report. We areindependent of the Company in accordance with the Code of Ethics issued by the Instituteof Chartered Accountants of India (ICAI) together with the independence requirements thatare relevant to our audit of the financial statements under the provisions of the Act andthe Rules made thereunder and we have fulfilled our other ethical responsibilities inaccordance with these requirements and the ICAI's Code of Ethics. We believe that theaudit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the financial statements.
Key Audit Matters
Key audit matters are those matters that in our professional judgmentwere of most significance in our audit of the financial statements of the current period.These matters were addressed in the context of our audit of the financial statements as awhole and in forming our opinion thereon and we do not provide a separate opinion onthese matters. We have determined the matters described below to be the key audit mattersto be communicated in our report.
|Sr.No. ||Key Audit Matter ||Auditor Response |
|1 ||Litigations - Contingencies ||Audit Procedures |
| ||The Company has litigations in respect of certain direct and indirect tax and other litigations. In this regard the Company has recognised provisions and has disclosed contingent liabilities (to the extent not provided for) as at March 31 2021. ||Our audit procedures involved the following: |
| || || testing the effectiveness of controls around the recording and reassessment of contingent liabilities; |
| || || discussing with management the status and recent developments of these matters including their views on the likely outcome of each litigation and claim; |
| ||Significant management judgment is required to assess these matters and to determine the probability of material outflow of economic resources and whether a provision should be recognised or a disclosure should be made. Where considered relevant the management judgement is also supported with legal advice in these cases. || |
| || || performing our assessment of the underlying calculations supporting the provisions or other disclosures made in the financial statements; |
| || || evaluating the management's assessment of these matters and monitoring changes in the disputes with reference to subsequent orders passed in order to establish the appropriateness of the provisions / disclosures; |
| || || Obtaining information's from the Company's tax consultants (internal/ external) to confirm the facts and circumstances and assessment of the likely outcome. |
| ||We focused on this area as the ultimate outcome of matters are uncertain and the positions taken by the management are based on the application of judgement related expert advice including those relating to interpretation of laws and regulations. || |
| || || evaluating management's assessment of the matters that are not disclosed as the probability of material outflow is considered to be remote by the management; and |
| ||Refer to Note 27 to the Financial Statements. || assessing the adequacy of the Company's disclosures. |
|2 ||Inventory Valuation ||Audit Procedures |
| ||Due to the lockdown imposed by the Government on account of COVID-19 it was not possible for us to carry out the physical verification of inventories at some of the locations as at March 31 2021. ||Our audit procedures involved the following: |
| || || performing alternative audit procedures to obtain sufficient appropriate audit evidence regarding the existence and condition of inventory; |
| || || obtaining and evaluating the adequacy of the inventory physical verification instructions prepared and issued by the management to determine if the instructions provided were appropriate and comprehensive; |
| ||However for those locations the management has duly conducted the physical inventory counting internally as at the year end and provided to us certified physical counting sheets for the purpose of Inventory Valuation. || |
| || || evaluating the control design in respect of the inventory verification process; |
| ||We determined the above area as a Key Audit Matter due to the materiality of the inventory figure appearing in the Financial Statements. || |
| || || testing the effectiveness of controls around the recording of inventory during the period of the audit; |
| || || ensuring that such controls encompass the processes around purchase and sales which eventually impact the stock balance held at the end of the reporting period; |
| || || verifying the documentation supporting purchases and subsequent sale of inventory items on a sample basis; |
| || || ascertaining that these procedures indirectly provide evidence that stock balance which was not physically verified actually existed as on the date to enable subsequent sales and indirectly support and corroborate the assertion of existence; |
| || || where the Company has inventory under the custody and control of a third party obtaining direct confirmations from the respective third parties; and |
| || || obtaining audit evidence regarding the location and condition of the inventory including documentary records about purchases/sales in case of inventories in transit. |
|3 ||Provision for Expected Credit Losses (ECL) of trade receivables ||Audit Procedures |
| || ||Our audit procedures involved the following: |
| ||The Company determines the provision for credit losses based on the Company's historical observed default rates which are negligible over the years. The Company considered current and anticipated future economic conditions relating to industries the Company deals with to calibrate the provision matrix to adjust the historical credit loss experience with forward-looking information. While determining expected credit loss the Company has also considered credit reports and other related credit information for its customers to estimate the probability of default in future and has taken into account estimates of possible effect from the pandemic relating to COVID-19. || |
| || || testing the effectiveness of controls over the development of the methodology for the provision for expected credit losses; |
| || || discussing with management about their consideration of the current and estimated future economic conditions; |
| || || evaluating the completeness and accuracy of information used in the estimation of probability of default by the customers; |
| || || performing our assessment of the past experience supporting the nonprovisioning or other disclosures made in the financial statements; |
| || || verifying subsequent collection from the customers after the balance sheet date with respect to the outstanding trade receivables in order to establish the appropriateness for not making the provisions; and |
| || || assessing the adequacy of the Company's disclosures. |
| ||We focused on this area as the Company has exercised significant judgment in determining the ECL and accordingly has not provided for any such allowance for credit losses as at the balance sheet date. || |
| ||Refer to Note 2(g) to the Financial Statements. || |
The Company's Board of Directors is responsible for thepreparation of the other information. The other information comprises the informationincluded in the Report on Corporate Governance Shareholder information and ManagementDiscussion and Analysis
Board's Report including Annexures to Board's ReportBusiness Responsibility Report Corporate Governance and Shareholder's Informationbut does not include the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the otherinformation and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements ourresponsibility is to read the other information and in doing so consider whether theother information is materially inconsistent with the financial statements or ourknowledge obtained during the course of our audit or otherwise appears to be materiallymisstated. If based on the work we have performed we conclude that there is a materialmisstatement of this other information we are required to report that fact. We havenothing to report in this regard.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the mattersstated in section 134(5) of the Act with respect to the preparation of these financialstatements that give a true and fair view of the financial position financialperformance total comprehensive income changes in equity and cash flows of the Companyin accordance with the Ind AS and other accounting principles generally accepted in India.This responsibility also includes maintenance of adequate accounting records in accordancewith the provisions of the Act for safeguarding the assets of the Company and forpreventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.
In preparing the financial statements management is responsible forassessing the Company's ability to continue as a going concern disclosing asapplicable matters relating to going concern and using the going concern basis ofaccounting unless management either intends to liquidate the Company or cease operationsor has no realistic alternative but to do so.
The Board of Directors is responsible for overseeing the Company'sfinancial reporting process.
Auditor's Responsibility for the Financial Statements
Our objectives are to obtain reasonable assurance about whether thefinancial statements as a whole are free from material misstatement whether due tofraud or error and to issue an auditor's report that includes our opinion.Reasonable assurance is a high level of assurance but is not a guarantee that an auditconducted in accordance with SAs will always detect a material misstatement when itexists. Misstatements can arise from fraud or error and are considered material ifindividually or in the aggregate they could reasonably be expected to influence theeconomic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of thefinancial statements whether due to fraud or error design and perform audit proceduresresponsive to those risks and obtain audit evidence that is sufficient and appropriate toprovide a basis for our opinion. The risk of not detecting a material misstatementresulting from fraud is higher than for one resulting from error as fraud may involvecollusion forgery intentional omissions misrepresentations or the override of internalcontrol.
Obtain an understanding of internal financial controls relevantto the audit in order to design audit procedures that are appropriate in thecircumstances. Under section 143(3)(i) of the Act we are also responsible for expressingour opinion on whether the Company has an adequate internal financial controls system inplace and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and thereasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of thegoing concern basis of accounting and based on the audit evidence obtained whether amaterial uncertainty exists related to events or conditions that may cast significantdoubt on the Company's ability to continue as a going concern. If we conclude that amaterial uncertainty exists we are required to draw attention in our auditor'sreport to the related disclosures in the financial statements or if such disclosures areinadequate to modify our opinion. Our conclusions are based on the audit evidenceobtained up to the date of our auditor's report. However future events or conditionsmay cause the Company to cease to continue as a going concern.
Evaluate the overall presentation structure and content of thefinancial statements including the disclosures and whether the financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation.
We communicate with those charged with governance regarding amongother matters the planned scope and timing of the audit and significant audit findingsincluding any significant deficiencies in internal control that we identify during ouraudit.
We also provide those charged with governance with a statement that wehave complied with relevant ethical requirements regarding independence and tocommunicate with them all relationships and other matters that may reasonably be thoughtto bear on our independence and where applicable related safeguards.
From the matters communicated with those charged with governance wedetermine those matters that were of most significance in the audit of the financialstatements of the current period and are therefore the key audit matters. We describethese matters in our auditor's report unless law or regulation precludes publicdisclosure about the matter or when in extremely rare circumstances we
determine that a matter should not be communicated in our reportbecause the adverse consequences of doing so would reasonably be expected to outweigh thepublic interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143 (3) of the Act we report that:
(a) We have sought and obtained all the information and explanationswhich to the best of our knowledge and belief were necessary for the purposes of ouraudit.
(b) In our opinion proper books of account as required by law havebeen 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 includingOther Comprehensive Income Cash Flow Statement and Statement of Change in Equity dealtwith by this Report are in agreement with the books of account.
(d) In our opinion the aforesaid financial statements comply with theIndian Accounting Standards specified under Section 133 of the Act as applicable.
(e) On the basis of the written representations received from thedirectors as on March 31 2021 and taken on record by the Board of Directors none of thedirectors is disqualified as on March 31 2021 from being appointed as a director interms of Section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controlsover financial reporting of the Company and the operating effectiveness of such controlsrefer to our separate Report in Annexure A". Our report expresses an unmodifiedopinion on adequacy and operating effectiveness of the Company's internal financialcontrols over financial reporting.
(g) With respect to the other matters to be included in theAuditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014 as amended in our opinion and to the best of our information and accordingto the explanations given to us:
i. The Company has disclosed the impact of pending litigations on itsfinancial position in its financial statements - Refer Note 27 to the financialstatements;
ii. The Company did not have any material foreseeable losses onlong-term contracts including derivative contracts.
iii. There has been no delay in transferring amounts required to betransferred to the Investor Education and Protection Fund by the Company.
2. With respect to the matter to be included in the Auditor'sReport under section 197(16):
In our opinion and according to the information and explanations givento us the remuneration paid by the Company to its directors during the current year is inaccordance with the provisions of section 197 read with Schedule V of the Act.
3. As required by the Companies (Auditor's Report) Order 2016("the Order") issued by the Central Government of India in terms of subsection (11) of section 143 of the Companies Act 2013 we give in the AnnexureB" a statement on the matters specified in paragraph 3 and 4 of the Order.
| ||For N. M. Raiji & Co. |
| ||Chartered Accountants |
| ||Firm Registration Number: 108296W |
| ||Vinay D. Balse |
| ||Partner |
| ||Membership Number: 039434 |
| ||UDIN: 20039434AAAABW1070 |
|Place: Mumbai Date: May 27 2021 || |
TO THE INDEPENDENT AUDITORS' REPORT OF EVEN DATE ON THE FINANCIALSTATEMENTS OF ALKYL AMINES CHEMICALS LIMITED
(Referred to in Paragraph 1 point (f) under the heading of "Reporton Other Legal and Regulatory Requirements" of our report of even date) Report on theInternal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 ofSection 143 of the Companies Act 2013 ("the Act")
We have audited the internal financial controls over financialreporting of Alkyl Amines Chemical Limited ("the Company") as at March 31 2021in conjunction with our audit of the financial statements of the Company for the yearended on that date.
Management's Responsibility for Internal Financial Controls
The Company's management is responsible for establishing andmaintaining internal financial controls based on the internal control over financialreporting criteria established by the Company considering the essential components ofinternal control stated in the Guidance Note on Audit of Internal Financial Controls overFinancial Reporting issued by the Institute of Chartered Accountants of India. Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to company's policies the safeguardingof its assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Companies Act 2013.
Our responsibility is to express an opinion on the Company'sinternal financial controls over financial reporting based on our audit. We conducted ouraudit in accordance with the Guidance Note on Audit of Internal Financial Controls overFinancial Reporting (the "Guidance Note") issued by the Institute of CharteredAccountants of India and the Standards on Auditing prescribed under section 143(10) of theCompanies Act 2013 to the extent applicable to an audit of internal financial controls.Those Standards and the Guidance Note require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether adequate internalfinancial controls over financial reporting was established and maintained and if suchcontrols operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence aboutthe adequacy of the internal financial controls system over financial reporting and theiroperating effectiveness. Our audit of internal financial controls over financial reportingincluded obtaining an understanding of internal financial controls over financialreporting assessing the risk that a material weakness exists and testing and evaluatingthe design and operating effectiveness of internal control based on the assessed risk. Theprocedures selected depend on the auditor's judgment including the assessment of therisks of material misstatement of the financial statements whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the Company's internalfinancial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company's internal financial control over financial reporting isa process designed to provide reasonable assurance regarding the reliability of financialreporting and the preparation of financial statements for external purposes in accordancewith generally accepted accounting principles. A company's internal financial controlover financial reporting includes those policies and procedures that (1) pertain to themaintenance of records that in reasonable detail accurately and fairly reflect thetransactions and dispositions of the assets of the company; (2) provide reasonableassurance that transactions are recorded as necessary to permit preparation of financialStatements in accordance with generally accepted accounting principles and that receiptsand expenditures of the company are being made only in accordance with authorisations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of thecompany's assets that could have a material effect on the financial Statements.
Inherent Limitations of Internal Financial Controls over FinancialReporting
Because of the inherent limitations of internal financial controls overfinancial reporting including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial controls overfinancial reporting to future periods are subject to the risk that the internal financialcontrol over financial reporting may become inadequate because of changes in conditionsor that the degree of compliance with the policies or procedures may deteriorate.
In our opinion to the best of our information and according to theexplanation given to us the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting were operating effectively as at March 31 2021 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls over Financial Reporting issued by the Institute of CharteredAccountants of India.
| ||For N. M. Raiji & Co. |
| ||Chartered Accountants |
| ||Firm Registration Number: 108296W |
| ||Vinay D. Balse |
| ||Partner |
| ||Membership Number: 039434 |
|Place: Mumbai Date: May 27 2021 ||UDIN: 20039434AAAABW1070 |
ANNEXURE - B
TO THE INDEPENDENT AUDITORS' REPORT OF EVEN DATE ON THE FINANCIALSTATEMENTS of ALKYL AMINES CHEMICALS LIMITED
(Referred to in Paragraph 3 under the heading of "Report on OtherLegal and Regulatory Requirements" of our report of even date)
i. (a) The Company has maintained proper records showing fullparticulars including quantitative details and situation of
Property Plant & Equipment (PPE).
(b) The Company has a program of verification to cover all the items offixed assets in a phased manner which in our opinion is reasonable having regard to thesize of the Company and the nature of its assets. Pursuant to the program certain PPEwere physically verified by the management during the year. According to the informationand explanations given to us discrepancies noticed on physical verification of assetswere not material and the same have been properly dealt with in the books of account.
(c) According to the information and explanations given to us therecords examined by us and based on the examination of the records provided to us wereport that the title deeds comprising all the immovable properties of land andbuildings which are freehold are held in the name of the Company as at the balance sheetdate. In respect of immovable properties of land that have been taken on lease anddisclosed under Right to Use of Asset in the financial statements the lease agreementsare in the name of the Company except in the case of leasehold land situated at KurkumbhPlot No. D-6/2 taken on lease from Maharashtra Industrial Development Corporation forwhich lease deed is yet to be executed.
ii. Inventories other than stocks in transit and inventories lyingwith third parties have been physically verified during the year by the Management. Inrespect of Company's inventories with third parties physical verification has beencarried out by the management. In respect of stock in transit at the year end thenecessary documentary evidences have been obtained. In our opinion the frequency ofverification is reasonable. Discrepancies noticed on physical verification of stocks werenot material and the same have been properly dealt with in the books of account.
iii. According to the information and explanations given to us theCompany has not granted any loans secured or unsecured to companies firms limitedliability partnerships or other parties covered in the register maintained under section189 of the Companies Act 2013 (the "Act"). Consequently sub-clauses (a) (b)& (c) of clause (iii) of paragraph 3 of the Order are not applicable to the Company.
iv. In our opinion and according to the information and explanationsgiven to us the Company has not granted any loans or made any investments or providedguarantees and securities to the parties covered under section 185 and 186. Consequentlyclause (iv) of paragraph 3 of the Order is not applicable to the Company.
v. According to the information and explanations given to us theCompany has not accepted any deposits during the year. Consequently clause (v) ofparagraph 3 of the Order is not applicable to the Company.
vi. We have broadly reviewed the cost records maintained by theCompany pursuant to the Companies (Cost Records and Audit) Rules 2014 as specified bythe Central Government under sub-section (1) of Section 148 of the Companies Act 2013and are of the opinion that prima facie the prescribed cost records have been made andmaintained. We have however not made a detailed examination of the cost records with aview to determine whether they are accurate or complete.
vii. According to the information and explanations given to us and onthe basis of our examination of the books of account in respect of statutory dues:
(a) the Company has been generally regular in depositing with theappropriate authorities undisputed statutory dues including Provident FundEmployees' state insurance Income-tax Customs Duty Goods and Service Tax Cess andother statutory dues wherever applicable. There were no undisputed amounts payable inrespect of the above statutory dues in arrears as at 31st March 2021 for a period ofmore than six months from the date they became payable except in the case of electricityduty (on captive power generated) in Kurkumbh aggregating Rs. 259.88 lakhs (previous year- Rs. 236.29 lakhs) with the appropriate authorities.
(b) the following dues have not been paid on account of disputes withthe respective authorities:
|Nature of Statute ||Nature of Dues ||Amount (Rs. In Lakhs) ||Period ||Forum where dispute is pending ||Remarks |
|Income Tax Act1961 ||Disallowance Of Expenditure/ Deductions ||48.43 ||AY 2004-2005 ||The Assessing Officer ||Amount of Deposit Rs. 52.20 lakhs |
| || || ||AY 2009-2010 || || |
| || || ||AY 2010-2011 || || |
| || || ||AY 2015-2016 || || |
|Nature of Statute ||Nature of Dues ||Amount (Rs. In Lakhs) ||Period ||Forum where dispute is pending ||Remarks |
|Income Tax Act1961 ||Income Tax & Interest ||57.53 ||AY 2003-2004 ||CIT (Appeals) ||Amount of Deposit Rs. 60.80 lakhs |
| || || ||AY 2009-2010 || || |
| || || ||AY 2011-2012 || || |
|Central Excise Act 1944 ||Dispute relating to Cenvat Credit (Interest and Penalty) ||961.16 ||FY 2002-2003 to 2010-2011 ||Customs Excise and Service Tax Appellate tribunal ||Amount of Deposit Rs. 21.07 lakhs |
|Customs Act 1962 ||Dispute relating to Custom Duty ||798.71 ||FY 2017-2018 ||Hon'ble Bombay High Court ||Amount of Deposit Rs. 250 lakhs |
| || || ||FY 2018-2019 || || |
| || || ||FY 2019-2020 || || |
| || || ||FY 2020-2021 || || |
Except for the above there are no dues in respect of income-taxcustoms duty goods and service tax and cess which have not been
deposited with the appropriate authorities on account of any dispute.
viii. In our opinion and according to the information and explanationsgiven to us the Company has not defaulted in the repayment of dues to financialinstitutions or banks. The Company has not raised any monies from Government or FinancialInstitutions and does not have any outstanding debentures.
ix. The Company has not raised moneys by way of initial public offer orfurther public offer (including debt instruments) during the year. In our opinion andaccording to the information and explanations given to us the term loan has been appliedfor the purpose for which it was obtained.
x. To the best of our knowledge and according to the information andexplanations given to us no material fraud by the Company or on the Company by itsofficers or employees has been noticed or reported during the year.
xi. In our opinion and according to the information and explanationsgiven to us the Company has paid/provided managerial remuneration in accordance with therequisite approvals mandated by the provisions of section 197 read with Schedule V to theAct.
xii. In our opinion and according to the information and explanationsgiven to us the Company is not a Nidhi Company. Consequently clause (xii) of paragraph 3of the Order is not applicable to the Company.
xiii. In our opinion and according to the information and explanationsgiven to us all transactions with related parties are in compliance with section 177 and188 of Companies Act 2013 where applicable and corresponding details have beendisclosed in the financial Statements as required by the applicable Indian accountingstandards.
xiv. In our opinion and according to the information and explanationsgiven to us the Company has not made any preferential allotment or private placement ofshares or fully or partly convertible debentures during the year. Consequentlyrequirement under clause (xiv) of paragraph 3 of the Order is not applicable to theCompany.
xv. In our opinion and according to the information and explanationsgiven to us the Company has not entered into non-cash transactions with its directors orpersons connected with him and hence provisions of section 192 of the Act are notapplicable. Consequently requirement under clause (xv) of paragraph 3 of the Order is notapplicable to the Company.
xvi. To the best of our knowledge and belief the Company is notrequired to be registered under section 45-IA of the Reserve Bank of India Act 1934.
| || ||For N. M. Raiji & Co. |
| || ||Chartered Accountants |
| || ||Firm's Registration Number: 108296W |
| || ||Vinay D. Balse |
| || ||Partner |
| || ||Membership Number: 039434 |
|Place: ||Mumbai ||UDIN: 20039434AAAABW1070 |
|Date: ||May 27 2021 || |