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BDR Buildcon Ltd.

BSE: 532681 Sector: Infrastructure
NSE: BDR ISIN Code: INE766Q01014
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BDR Buildcon Ltd. (BDR) - Auditors Report

Company auditors report

TO THE MEMBERS OF

BDR BUILDCON LIMITED

Report on the Financial Statements

1. We have audited the accompanying financial statements of BDR BUILCON LIMITED("the Company") which comprise the Balance Sheet as at March 31 2018 theStatement of Profit and Loss (including Other Comprehensive Income) the Statement ofChanges of Equity and Statement of Cash Flow for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

2. The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 (‘the Act') with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance including other comprehensive income cash flows and changes inequity of the Company in accordance with the Indian Accounting Standards (Ind AS)specified under Section 133 of the Act read with the Companies (Indian AccountingStandards) Rules 2015 as amended and other accounting principles generally accepted inIndia. This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company andfor preventing 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 these financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based onour audit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made there under.

4. We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

5. An audit involves performing procedures to obtain audit evidence about the amountsand the disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the estimates made by the Company's Directors as well as evaluatingthe overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

Opinion

6. In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by the Actin the manner so required and give a true and fair view in conformity with the Ind-As andother accounting principles generally accepted in India:

(a) in the case of the Balance Sheet of the state of affairs of the Company as atMarch 31 2018;

(b) in the case of the Statement of Profit and Loss (including total comprehensiveincome) of the Profit of the Company for the year ended on that date;

(c) in the case of the Statement of changes in equity of the changes in equity for theyear ended on that date;

(d) in the case of Cash Flow Statement of the Cash Flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements

7. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section143 ofthe Act we give in the "Annexure A" a statement on the matters Specified inparagraphs 3 and 4 of the Order.

8. As required by section 143(3) of the Act we further report that:

a. we have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purpose of our audit;

b. in our opinion proper books of account as required by law have been kept by theCompany so far as appears from our examination of those books;

c. the Balance Sheet and Statement of Profit and Loss including Other ComprehensiveIncome Statement of Changes in Equity and the Statement of Cash flow dealt with by thisReport are in agreement with the books of account;

d. in our opinion the aforesaid financial statements comply with the Indian AccountingStandards specified under Section 133 of the Act;

e. on the basis of written representations received from the directors as on March 312018 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2018 from being appointed as a director in terms of Section 164(2) of theAct.

f. With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure B".

g. In our opinion and to the best of our information and according to the explanationsgiven to us we report as under with respect to other matters to be included in theAuditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules2014:

1. The Company does not have any pending litigations which would impact its financialposition.

2. The Company did not have any long-term contracts including derivative contracts.

3. There has not been an occasion in case of the Company during the year under reportto transfer any sums to the Investor Education and Protection Fund. The question of delayin transferring such sums does not arise.

For SANJAY CHOPRA & CO.
CHARTERED ACCOUNTANTS
FIRM REG. NO.: 011074N
Sd/-
SANJAY CHOPRA
Place: New Delhi PARTNER
Date: 25.05.2018 FCA M. No.: 084810

SANJAY CHOPRA & CO.

CHARTERED ACCOUNTANTS

G-80 LAJPAT NAGAR-I NEW DELHI-110024

Ph.:29818446 9560998500/01 E-mail: sanjaychopraca@hotmail.com

ANNEXURE A TO THE AUDITOR'S REPORT REFERRED TO IN PARAGRAPH 7 OF OUR REPORT OF EVENDATE

Re: BDR BUILDCON LIMITED

(i) Since the Company had no fixed assets during the year this clause is notapplicable.

(ii) Since the Company had no inventory during the year this clause is not applicable.

(iii) According to the information and explanation given to us the company has notgranted any loan to companies firms or other parties covered in register maintained underSection 189 of the Companies Act 2013.

(iv) According to the information and explanation given to us the company has notgranted any loan to its directors and the company in which directors are interestedcovered in register maintained under Section 185 and 186 of the Companies Act 2013

(v) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits under the provisions of section 73 to 76 of theCompanies Act 2013 and the rules framed there under.

(vi) According to the information and explanation given to us government has notprescribed maintenance of cost records under sub section (1) of section 148 of theCompanies Act 2013 for the products of the company.

(vii) (a) According to the information and explanations given to us and based on therecords of the company examined by us the company is regular in depositing the undisputedstatutory dues including Provident Fund Employees' State Insurance Income-taxSales-tax Wealth Tax Service Tax Custom Duty Excise Duty and other material statutorydues as applicable with the appropriate authorities in India;

(b) According to the information and explanations given to us and based on the recordsof the company examined by us there are no dues of Income Tax Wealth Tax Service TaxSales Tax Customs Duty and Excise Duty which have not been deposited on account of anydisputes.

(viii) According to the information and explanation given to us there were no dues toany financial institution or bank or debenture holders.

(ix) According to the information and explanations given to us the company has notraised moneys by way of initial public offer or further public offer (including debtinstruments) or term loans during the year.

(x) During the course of our examination of the books and records of the companycarried out in accordance with the generally accepted auditing practices in India andaccording to the audit procedures performed and information and explanations given by themanagement we have neither come across any instance of fraud by the Company nor any fraudon the company by its officers or employees has been noticed or reported during the courseof our audit.

(xi) In our opinion and according to the information and explanations given to us thecompany has paid managerial remuneration with the requisite approvals mandated by theprovisions of section 197 read with schedule V to the Companies Act 2013.

(xii) Since the company is not a Nidhi Company this clause is not applicable.

(xiii) In our opinion and according to the information and explanations given to usthe transactions with the related parties are in compliance with sections 177 and 188 ofCompanies Act 2013 where applicable and the details have been disclosed in the FinancialStatements etc. as required by the applicable Indian Accounting Standards.

(xiv) In our opinion and according to the information and explanations given to usthe company has not made any preferential allotment or private placement of shares orfully or partly convertible debentures during the year under review.

(xv) In our opinion and according to the information and explanations given to us thecompany has not entered into any non-cash transactions with directors or persons connectedwith him.

(xvi) In our opinion and according to the information and explanations given to usthe company is not required to be registered under section 45-IA of the Reserve Bank ofIndia Act 1934.

For SANJAY CHOPRA & CO.
CHARTERED ACCOUNTANTS
FIRM REG. NO.: 011074N
Sd/-
SANJAY CHOPRA
Place: New Delhi PARTNER
Date: 25.05.2018 FCA M. No.: 084810