To the Members of
Bombay Super Hybrid Seeds Limited
We have audited the accompanying financial statements of Bombay Super Hybrid SeedsLimited ("the Company") which comprise the Balance Sheet as at March 312019 the Statement of Profit and Loss and cash flow statement and Statement of Changes inEquity for the year then ended and a summary of significant accounting policies and otherexplanatory information.
Management's Responsibility for the Financial Statements
The company's Management is responsible for the matters stated in Section 134(5) of theCompanies Act 2013 (the Act) with respect to the preparation of these Ind AS financialstatements that give a true and fair view of the financial position financial performanceand cash flows and changes in the equity of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified undersection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a 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 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.
We conducted our audit of Ind AS financial statement in accordance with the Standardson Auditing specified under section 143(10) of the Act. Those standards require that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether the Ind AS financial statements are free from materialmisstatements.
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the Ind AS financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of theInd AS financial statement whether due to fraud or error. In making those riskassessments the auditor considers internal financial control relevant to the Company'spreparation of the Ind AS financial statements that give a true and fair view in order todesign audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies usedand reasonableness of the accounting estimates made by the management of the company'sdirectors as well as evaluating the overall presentation of the Ind AS financialstatements.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Ind AS financial statements.
In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Ind AS financial statements give the information required bythe Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India.
(a) In the case of the Balance Sheet of the state of affairs of the Company as atMarch 2019.
(b) In the case of the Statement of Profit and Loss of the Profit of the Company forthe year ended on that date; and
(c) In the case of the Cash Flow Statement and the Statement of Change in Equity ofthe cash flows and Change in the Equity of the Company for the year ended on that date.
Report on other Legal and Regulatory Requirements
1. 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 Section 143 ofthe Act we give in the Annexure-A a statement on the matters specified in paragraphs 3and 4 of the order to the extent applicable.
2. As required by the Section 143(3) of the Act we 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 it appears from our examination of those books.
c) The Balance Sheet the Statement of Profit and Loss Cash Flow Statement andStatement of Change in the Equity dealt with by this Report are in agreement with thebooks of Account.
d) In our opinion the aforesaid Ind AS financial statements comply with the AccountingStandards specified under section 133 of the Act read with Rule 7 of the Companies(Accounts) Rule 2014.
e) On the basis of written representation received from the directors as on 31stMarch 2019 taken on records by the board of directors none of the directors isdisqualified as on 31st March 2019 from being appointed as a director interms of Section 164(2) of the Act. and
f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and operating effectiveness of such controls refer to ourseparate Report in "Annexure B".
g) With respect to the other matters to be included in the Auditor's Report inaccordance with the Rule 11 of the Companies (Audit and Auditor's) Rules 2014. In ouropinion and to the best of our information and according to the explanations given to us;
1. There does not have any pending litigations which would impact its financialposition to the Ind AS financial Statements.
2. The Company did not have any long term contracts including derivative contracts forwhich there were any material/foreseeable losses.
3. There were no amounts which were required to be transferred to the investorEducation and Protections Fund by the Company.
| ||For Mukund V. Mehta & Co. |
| ||Chartered Accountants |
| ||(Registration No. 106664W) |
|Place: Rajkot || |
|Date: 30/05/2019 || |
| ||SD/- |
| ||(M. V. Mehta) |
| ||Proprietor |
| ||M No. 036611 |