INDEPENDENT AUDITOR'S REPORT
To the Members of CHL International
Report on the standalone Financial Statements
We have audited the accompanying standalone financial statements of CHL International(the Company') which comprises the Balance Sheet as at March 31 2017 theStatement of Profit and Loss and the Statement of Cash Flows for the year then ended anda summary of significant accounting policies and other explanatory .
Management's Responsibility for the Standalone 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 standalonefinancial statements that give a true and fair view of the financial position financialperformance and cash flows of the Company in accordance with the Accounting principlesgenerally accepted in India prescribed under Section 133 of the Act read with relevantrules issued there under.
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 judgements 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 standalonefinancial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.
Our responsibility is to express an opinion on these standalone financial statementsbased on our audit. We have taken into account the provisions of the Act the accountingand auditing standards and matters which are required to be included in the audit reportunder the provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing specified u/s143(10) of the Act. Those Standards require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether the standalonefinancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the standalone financial statements. The procedures selected depend onthe auditors' judgement including the assessment of the risks of material misstatement ofthe Standalone financial statements whether due to fraud or error. In making those riskassessments the auditor considers internal financial control relevant to the Company'spreparation of the standalone financial statements that gave a true and fair view in orderto design audit procedures that are appropriate in the circumstances but not for thepurpose of expressing an opinion on whether the company has in place an adequate internalfinancial controls system over financial reporting and the operating effectiveness of suchcontrols. An audit also includes evaluating the appropriateness of the accounting policiesused and the reasonableness of the accounting estimates made by the companies Managementas well as evaluating the overall presentation of the standalone financial statements. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opinion on the standalone financial statements.
In our opinion and to the best of our information and according to the explanationgiven to us the aforesaid standalone financial statements give the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India ;-
Report on Other legal and Regulatory Requirements
As required by 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 and the Statement of cash flowsdealt with by this report are in agreement with the books of account; and
d) in our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified u/s. 133 of the Act read with relevant rule issued thereunder.
| ||For L.N. MALIK & CO. |
| ||Chartered Accountants |
| ||FRN: 015992N |
| ||L.N. MALIK |
|Place: New Delhi ||Partner |
|Date: 26th May 2017 ||M.No. 010423 |