The Members of
BOMBAY SUPER HYBRID SEEDS LIMITED
(FORMERLY KNOWN AS BOMBAY SUPER HYBRID SEEDS PRIVATE LIMITED)
1) We have audited the accompanying statements of BOMBAY SUPER HYBRID SEEDS LIMITEDwhich comprise the Balance Sheet as at 31st March 2018 and the Statement ofProfit & Loss as on that date the Cash Flow Statement for the year ended and asummary of significant accounting policies and other explanatory information.
2) Management is responsible for the matters stated in section 134(5) of the CompaniesAct 2013 with respect to the preparation of these financial statements that give a trueand fair view of the financial position financial performance in accordance with theaccounting principal generally accepted in India including Accounting Standards specifiedunder Section 133 of the Act the design implementation and maintenance of internalcontrol relevant to the preparation and presentation of the financial statements that givea true and fair view and are free from material misstatement whether due to fraud orerror.
Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with standards on Auditing issued by theInstitute of Chartered Accountants of India. Those standards require that give a true andfair view and are free from material misstatement whether due to fraud or error.
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditorsjudgment including the assessment of the risks of material misstatement of the financialstatements whether due to fraud or error. In making those risk assessments the auditorconsiders internal control relevant to the Company's preparation and fair presentation ofthe financial statements in order to design audit procedures that are appropriate in thecircumstances but not for the purpose of expressing an opinion on the effectiveness ofthe Company's internal control. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bymanagement as well as evaluating the overall presentations of the financial statements.
3) We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
4) As required by the Companies (Auditor's Report) Order 2016 issued by the CentralGovernment of India in terms of sub section (11) of Section 143 of the Companies Act2013 we enclose in the "ANNEXURE-A" a statement of the matter specifiedin Paragraph 3 and 4 of the order to the extent applicable to the Company.
5) As required by section 143 (3) of the Act we report that:
1) We have obtained all the information and explanations which to the best of myknowledge and belief were necessary for the purpose of my audit:
2) In our opinion proper books of account as required by law have been kept by theCompany so far as appears from my examination of those books:
3) The Balance Sheet the Statement of Profit and Loss Account and Cash Flow Statementdealt with by this report are in agreement with the books of accounts:
4) In our opinion the Balance Sheet and Profit and Loss Account dealt with by thisreport comply with the Accounting Standards specified under section 133 of the Act readwith rule 7 of the Companies (Accounts) Rules 2014.
5) We have not observed any financial transactions or other matters which in ouropinion may have an adverse effect on the functioning of the company.
6) On the basis of written representations received from the directors as on 31stMarch 2018 and taken on record by Board of Director's We report that none of thedirectors is disqualified as on 31st March 2018 from being appointed as adirector in terms of section 164(2) of the Act.
7) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operative effectiveness of such controls refer to ourseparate Report in
I. In accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in ouropinion and to the best of our information and according the explanation given to us: II.The Company did not have any long term contract including derivative contracts for whichthere any material foreseeable losses. III. There were no amounts which required to betransferred to the Investor Education and
Protection Fund by the Company.
| ||For MUKUND V. MEHTA & CO. |
| ||Chartered Accountants |
| ||(Firm Registration No. 106664W) |
| ||SD/- |
|DATE : 30.05.2018 ||(MUKUND V. MEHTA) |
|PLACE : RAJKOT ||(PROPRIETOR) |
| ||(MEM. NO. 036611) |