To the Members of GAIL (India) Limited
Report on the Standalone Ind AS Financial Statements
We have audited the accompanying Standalone Ind AS nancial statements of GAIL (India)Limited (the Company) which comprise the Balance Sheet as at 31 st March 2018 and theStatement of Prot and Loss (including Other Comprehensive Income) the Cash Flow Statementand the Statement of Changes in Equity for the year then ended and a summary of thesignicant accounting policies and other explanatory information.
Managements Responsibility for the Standalone Ind AS Financial Statements
The Companys Board of Directors is responsible for the maers stated in Section 134(5)of the Companies Act 2013 (<the Act=) with respect to the preparation of theseStandalone Ind AS nancial statements that give a true and fair view of the state ofaAairs(-nancial position) profit or loss (-nancial performance including othercomprehensive income) cash ows and changes in equity of the Company in accordance withthe accounting principles generally accepted in India including the Indian AccountingStandards (Ind AS) prescribed under Section 133 of the Act read with the Companies (IndianAccounting Standards) Rules 2015 as amended. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding the assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of adequate internal nancial controls that were operating eectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the Standalone Ind AS nancial statements that give a trueand fair view and are free from material misstatement whether due to fraud or error.
In preparing the nancial statements management is responsible for assessing theCompanys ability to continue as a going concern disclosing as applicable maers relatedto going concern and using the going concern basis of accounting unless management eitherintends to liquidate the Company or to cease operations or has no realistic alternativebut to do so.
Our responsibility is to express an opinion on these Standalone Ind AS FinancialStatements based on our audit. We have taken into account the provisions of the Act theaccounting and auditing standards and maers which are required to be included in the auditreport under the provisions of the Act and the Rules made there under. We conducted ouraudit of the Standalone Ind AS nancial statements in accordance with the Standards onAuditing specied under Section 143(10) of the Act. Those Standards require that we complywith ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether the Standalone Ind AS nancial statements are free from materialmisstatement.
An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the Standalone Ind AS nancial statements. The procedures selecteddepend on the auditors judgment including the assessment of the risks of materialmisstatement of the Standalone Ind AS nancial statements whether due to fraud or error.In making those risk assessments the auditor considers internal nancial control relevantto the Companys preparation of the Standalone Ind AS nancial statements that give a trueand fair view in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of the accountingpolicies used and the reasonableness of the accounting estimates made by the CompanysDirectors as well as evaluating the overall presentation of the Ind AS nancialstatements.
We are also responsible to conclude on the appropriateness of managements 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 signicant doubton the entitys ability to continue as a going concern. If we conclude that a materialuncertainty exists we are required to draw aention in the auditors report to the relateddisclosures in the nancial statements or if such disclosures are inadequate to modifythe opinion. Our conclusions are based on the audit evidence obtained up to the date ofthe auditors report. However future events or conditions may cause an entity to cease tocontinue as a going concern.
We believe that the audit evidence we have obtained is sucient and appropriate toprovide a basis for our audit opinion on the Standalone Ind AS nancial statements.
In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Standalone Ind AS nancial statements give the informationrequired by the Act in the manner so required and give a true and fair view in conformitywith the accounting principles generally accepted in India including the Ind AS of thestate of aairs (nancial position) of the Company as at 31 March 2018 and its prot(nancial st performance including other comprehensive income) its cash ows and thechanges in equity for the year ended on that date.
Emphasis of Maer
We draw aention to the following maers in the Notes to the nancial statements:
1. Note No: 36 (c) & (d)-regarding various provisional transportation tari ordersissued by Petroleum and Natural Gas Regulatory Board (PNGRB) these orders have beencontested by the company at Appellate Tribunal for Electricity (APTEL) and adjustment ifany will be recognized as and when maer is nally decided.
2. Note no. 65 -regarding accounting of embedded derivative in certain contractsentered into by the company through international competitive bidding for which thecompany is evaluating applicability of provisions of Ind-AS 109 (Financial instruments)and has referred the maer to the Expert Advisory Commiee of Institute of CharteredAccountants of India for expert opinion in the maer. Our opinion is not modied in respectof above maers.
We draw aention to the following maers in the Notes to the nancial statements:
1. Note no. 51 (B) (iii) regarding inclusion of proportionate share in JointlyControlled Operations in the standalone nancial statements of the company. The totalproportionate share includes Assets of Rs 1756.97 Crore Liabilities of Rs 390.92 CroreExpenditure of Rs 430.55 Crore Income of Rs 632.97 Crore along with the elements makingup the Cash Flow Statement and related disclosures. The aforesaid amounts have beenincluded based on the unaudited statements of these entities. Management is of view thatthis will not have a material impact on the companys nancial statements.
Our opinion is not modied in respect of above maer.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditors Report) Order 2016 (the Order) issued by theCentral Government in terms of Section 143(11) of the Act and on the basis of such checksof the books and records of the Company as we considered appropriate and according to theinformation and explanations given to us we give in Annexure -A a statement on the maersspecied in paragraphs 3 and 4 of the said Order.
2. As required by Comptroller and Auditor General of India throughdirections/sub-directions issued under Section 143(5) of the Companies Act 2013 on thebasis of wrien representation received from the management we give our report on the maerspecied in the <Annexure -B aached.
3. 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 purposes 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 Sheetthe Statement of Prot and Loss (including the Other Comprehensive Income) the Cash FlowStatement and the Statement of Changes in Equity dealt with by this Report are inagreement with the books of account.
(d) In our opinion the aforesaid Standalone Ind AS nancial statements comply with theIndian Accounting Standards prescribed under Section 133 of the Act read with theCompanies (Indian Accounting Standards) Rules 2015 as amended.
(e) Being a Government Company pursuant to the Notication No. GSR 463(E) dated 5 June2015 issued by the Ministry of Corporate Aairs Government of India provisions ofsub-section (2) of Section 164 of the Companies Act 2013 are not applicable to theCompany.
(f) We are enclosing herewith a report in <Annexure - C for our opinion on adequacyof internal nancial controls system in place in the company and the operating eectivenessof such controls;
(g) With respect to the other maers to be included in the Auditors Report in accordancewith Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinion and to thebest of our information and according to the explanations given to us: i. The Company hasdisclosed the impact of pending litigations on its nancial position in its Standalone IndAS nancial statements. Refer Note 30 (I)(a)to the nancial statements.
ii. The Company has made provision as required under the applicable law or Indianaccounting standards for material foreseeable losses if any and to the extentascertainable on long-term contracts including derivative contracts.
iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.
ANNEXURE - A TO THE INDEPENDENT AUDITORS REPORT
Referred to in paragraph 1 to <Report on Other legal and regulatory requirements= ofthe Independent Auditors9 Report of even date to the members of GAIL (INDIA) LIMITED onthe Standalone Ind AS Financial Statements for the year ended 31st March 2018.
(i) (a) As informed to us the company has generally maintained proper records showingfull particulars including quantitative details and situation of xed assets.
(b) According to information and explanation given to us there is a regular programmeof physical veri-cation of these -xed assets by the management which in our opinion isreasonable having regard to the size of the company and nature of its assets. As informedto us no material discrepancies were noticed on such veri-cation. (c) As informed to usand as veried by us during the course of our audit the title deeds of immovable propertiesare held in name of the company except for the cases as follows.
|Description of Asset ||No. of cases ||Area in Hectares ||Gross block as on 31.03.2018 ||Net block as on 31.03.2018 |
| || || ||(Rs in Cr.) ||(Rs in Cr.) |
|Land || || || || |
|- Freehold ||11 ||6.85 ||23.35 ||23.35 |
|- Leasehold ||6 ||174.40 ||3.21 ||2.45 |
|- Leasehold stated at carrying value (classied as prepayment under non-nancial assets) ||2 ||24.58 ||5.63 ||5.63 |
(ii) As informed to us physical verication of inventory has been conducted atreasonable intervals by the management except the store and spares lying with the thirdparties. We have been explained that the stock of gas at the end of the year has beentaken with reference to reading of Turbine Flow Meter/Gas Chromatograph installed atTerminals Stock of LPG/Pentane/SBP Solvent are determined with reference to Tank LevelGauge measurement which are converted into tonnage by measurement of density and applyingcorrection factor for temperature. LPG vapors volume is converted to tonnage by standardformulae. As informed to us no material discrepancies were noticed on physical vericationof inventory.
(iii) As informed to us the company has granted unsecured loans to companies covered inthe register maintained under section 189 of the Companies Act 2013. In respect of suchloans:
a) As informed to us and as veried by us no loans have been granted during the year toany of the parties covered in the register as aforesaid.
b) Repayment of the principal amount and payment of interest in respect of one of theloans have not been regular during the year. In this respect the company has seled theoutstanding loan and interest thereon by way of converting the same into equity shares ofthe borrower company for partial amount and balance amount has been recovered inaccordance with such se(lement. (Refer Note 54)
c) As informed to us no amount of loan is overdue as at end of the year for a periodmore than ninety days.
(iv) According to the information and explanations given to us the company hascomplied with the provisions of Section 185 and 186 of Companies Act 2013 in respect ofloans/investment/guarantee/security granted during the year.
(v) The company has not accepted any deposits in terms of the directives issued by theReserve Bank of India and the provisions of sections 73 to 76 or any other relevantprovisions of the Companies Act and the rules framed there under.
(vi) We have broadly reviewed the accounts and records maintained by the Companypursuant to the Rules made by the Central Government for the maintenance of cost recordsunder sub-section (1) of Section 148 of the Companies Act 2013 read with Companies (CostRecords & Audit) Rules 2014 and we are of the opinion that prima facie the prescribedaccounts and records have been made and maintained. We have not however made detailedexamination of the records with a view to determine whether they are accurate andcomplete.
(vii) (a) According to records of the company and information and explanation given tous the company has generally been regular in depositing undisputed statutory duesincluding provident fund employees' state insurance income-tax sales-tax service taxduty of customs duty of excise value added tax cess Goods and Service Tax and anyother statutory dues with the appropriate authorities. According to information andexplanation given to us there are no outstanding statutory dues as referred above as atthe last day of the nancial year under audit for a period of more than six months from thedate they became payable.
(b) As certied by the management on which we have relied upon the dues of income tax orsale tax or service tax or duty of custom or duty of excise or value added tax or cess orGoods and Service Tax which have not been deposited on account of dispute or depositedunder protest and the forum where the dispute is pending are given below:
(Amount Rs in Crores)
|Name of Statute ||Nature of the Dues ||Period to which the amount relates ||Forum where the dispute is pending ||Gross disputed amount ||Amount deposited under protest/ appeal ||Amount not deposited |
|1 Entry Tax Act of respective ||Entry Tax / Penalty / Interest ||2002-03 to 2004-05 ||Hon. High Court Allahabad ||19.90 ||- ||19.90 |
|States || ||1999-00 to 2009-10 ||Commercial Tax Tribunal UP ||219.46 ||6.41 ||213.05 |
| || ||2008-09 ||Additional Commissioner (Appeals) Noida Commercial Taxes ||0.50 ||- ||0.50 |
| || ||2015-16 ||Additional Commissioner (Appeals) Gwalior Commercial Taxes ||18.75 ||- ||18.75 |
| || ||2002-03 to 2005-06 ||Dy. Commissioner (Appeals) Commercial Tax Ajmer ||6.69 ||- ||6.69 |
| || ||2011-12 & 2012-13 ||Dy. Commissioner (Appeal) Bengaluru ||0.15 ||- ||0.15 |
|SUB -TOTAL || || || ||265.45 ||6.41 ||259.04 |
|2 Central ||CST / Sales ||2011-12 ||Hon. High Court Gwalior ||10.31 ||3.24 ||7.07 |
|Sales ||Tax / VAT/ ||2003-2004 ||Hon. High Court Mumbai ||0.63 ||0.03 ||0.60 |
|Tax Act 1956 and respective ||Penalty / Interest ||2003-2004 ||Hon. High Court Guwahati ||0.29 ||0.14 ||0.15 |
| || ||2006-07 to 2010-11 ||Sales Tax Tribunal Mumbai ||55.10 ||20.12 ||34.98 |
|State || || || || || || |
|Sales Tax / VAT Act || ||Oct 2011 to Dec 2011 ||Joint Commissioner of Commercial Taxes Trichy ||0.65 ||- ||0.65 |
| || ||2005-06 to 2011-12 ||Joint Commissioner (Appeals) Sales Tax Mumbai ||64.12 ||5.94 ||58.18 |
| || ||2014-15 ||Dy.Commissioner (Appeals) Commercial Taxes Ernakulam ||2.85 ||0.07 ||2.78 |
| || ||2003-04 2008-09 2009-10 2012-13 ||Joint Commissioner (Appeals) Commercial Tax Vadodara ||93.60 ||82.98 ||10.62 |
|SUB -TOTAL || || || ||227.55 ||112.52 ||115.03 |
|3 Central Excise Act 1944 ||Central Excise Duty / Interest / Penalty ||Mar 2000 to Feb 2002 April 2002 to March 2003 & Nov 2004 to Feb 2005 ||Hon. Supreme Court ||56.20 ||- ||56.20 |
| || ||Sept 2006 to Feb 2014 ||Customs Excise and Service Tax Appellate Tribunal Delhi ||2772.96 ||- ||2772.96 |
| || ||Jan 2001 to Feb 2005 ||Customs Excise and Service Tax Appellate Tribunal Mumbai ||212.51 ||- ||212.51 |
| || ||July 2004 to March 2011 ||Customs Excise and Service Tax Appellate Tribunal Ahmedabad ||149.62 ||- ||149.62 |
| || ||April 2008 to March 2010 & July 2010 to Nov 2010 ||Customs Excise and Service Tax Appellate Tribunal Kolkata ||98.06 ||0.66 ||97.40 |
| || ||April 2008 to July 2009 ||Commissioner Vadodara ||47.46 ||- ||47.46 |
|SUB -TOTAL || || || ||3336.81 ||0.66 ||3336.15 |
|4 Finance Act 1994 (Service Tax) ||Service Tax / Interest / Penalty ||Oct. 2006 to Mar 2015 ||Customs Excise and Service Tax Appellate Tribunal Delhi ||49.18 ||1.36 ||47.82 |
| || ||Aug. 2005 to ||Customs Excise and ||10.31 ||- ||10.31 |
| || ||Sept 2009 ||Service Tax Appellate || || || |
| || || ||Tribunal Ahmedabad || || || |
| || ||July 2010 to ||Commissioner (Appeals) ||0.65 ||- ||0.65 |
| || ||Nov 2010 ||GST Delhi || || || |
| || ||2014-15 ||Commissioner (Appeals) GST Noida ||0.86 ||- ||0.86 |
| || ||Jan 2011 to March2012 ||Commissioner (Appeals) GST Lucknow ||0.29 ||- ||0.29 |
|SUB -TOTAL || || || ||61.29 ||1.36 ||59.93 |
|5 Customs Act 1962 ||Customs Duty/ Interest / Penalty ||March 2006 ||Customs Excise and Service Tax Appellate Tribunal Delhi ||0.53 ||0.46 ||0.07 |
| || ||Oct 2015 to Mar 2016 ||Commissioner of Customs Excise and Service Tax (Appeals) Pune ||0.31 ||0.02 ||0.29 |
| || ||March 2013 to July 2014 ||Commissioner of Customs Excise and Service Tax (Appeals) Ahmedabad ||7.78 ||7.78 ||- |
|SUB -TOTAL || || || ||8.62 ||8.26 ||0.36 |
|6 Income Tax Act 1961 ||Income Tax/ Penalty/ Interest ||A.Y. 2008-09 to A.Y. 2018-19 ||Jurisdictional Assessing Ocer (TDS) ||1.27 ||- ||1.27 |
| || ||A.Y. 2013-14 2014-15 & 2015-16 ||Commissioner Income Tax (Appeals)-22 New Delhi ||145.27 ||145.27 ||- |
| || ||A.Y. 1996-97 to 2012-13 ||Income Tax Appellate Tribunal Delhi ||1920.46 ||1245.57 ||674.89 |
| || ||1997-98 & 1998-99 ||Hon. Supreme Court ||0.26 ||0.26 ||- |
|SUB -TOTAL || || || ||2067.26 ||1391.10 ||676.16 |
|7 Gujarat Municipalities Act 1963 ||Notied Area Tax / GIDC Tax / Interest ||1998-99 to 2005-06 & 1985-86 to 2009-10 ||Hon. High Court Ahmedabad ||4.50 ||- ||4.50 |
|SUB -TOTAL || || || ||5971.48 ||1520.31 ||4451.17 |
(viii) Based on our audit procedures and in accordance with the information andexplanations given to us by the management the company has not defaulted in repayment ofdues to a bank or government or bonds holders.
(ix) The Company has not raised any money by way of initial public oer or furtherpublic oer or further public oer (including debt instrument). As informed to us no termloans have been obtained during the year.
(x) According to the information and explanations given to us and as represented by theManagement and based on our examination of the books and records of the Company and inaccordance with generally accepted auditing practices in India no case of frauds by theCompany or any fraud on the Company by its ocers or employees has been noticed or reportedduring the year.
(xi) As per notication no. GSR 463(E) dated 5th June 2015 issued by the Ministry ofCorporate Aairs Government of India Section 197 is not applicable to the GovernmentCompanies. Accordingly provisions of clause 3 (xi) of the Order are not applicable to theCompany.
(xii) The company is not a nidhi company and therefore clause 3 (xii) of the Orderrelated to such companies is not applicable to the Company.
(xiii) In our opinion the company has complied with provisions of sections 177 and 188of Companies Act 2013 in respect of transactions with the related parties and the detailshave been disclosed in the Financial Statements as required by the applicable accountingstandards.
(xiv) The Company has not made any preferential allotment or private placement ofshares or fully or partly convertible debentures during the year under review.
(xv) As informed to us during the year the company has not entered into any non-cashtransactions with any of its directors or persons connected with the Directors.
(xvi) The company is not required to get registered under section 45-IA of Reserve Bankof India Act1934.
ANNEXURE -B TO THE INDEPENDENT AUDITORS REPORT
Referred to in paragraph 2 to Report on Other legal and regulatory requirements of theIndependent Auditors Report of even date to the members of GAIL (INDIA) LIMITED on thenancial statements for the year ended 31st March 2018.
| || || ||(Amount Rs in Crores) |
|S. No. ||Directions / Sub Directions ||Action taken ||Impact on nancial statement |
|1 ||Whether the company has clear title/lease deed for freehold and leasehold respectively? If not please state the area of freehold and leasehold land for which title/lease deed are not available? ||As informed to us and as veried by us during the course of our audit the title deeds of immovable properties are held in name of the company except for the cases as disclosed in Note no. 37(b) & (c) along with area of these lands. || |
| || || ||Nil |
|2 ||Whether there are any cases of waiver/ write o of debts/ loans/interest etc. if any the reason there for and amount involved. ||During the year the company has seled its disputed claim with one of the customers. Refer note 41 ||Nil |
|3 ||Whether proper records are maintained for inventories laying with third parties & assets received as gi from Govt. or other authorities. ||The company has maintained proper records of inventories including inventory lying with the third parties. The inventories have been physically veried at reasonable intervals by the Management As informed to us physical verication of inventory has been conducted at reasonable intervals by the management except the store and spares lying with the third parties. We have been informed that no asset has been received as gi from government or other authorities. ||Nil |
ANNEXURE - C TO THE INDEPENDENT AUDITORS REPORT
Referred to in paragraph 3(f) to <Report on Other legal and regulatory requirements=of the Independent Auditors9 Report of even date to the members of GAIL (INDIA) LIMITEDon the nancial statements for the year ended 31st March 2018.
Report on the Internal Financial Controls under Clause (i) of Sub section 3 of Section143 of the Companies Act 2013 (the Act)
We have audited the internal nancial controls over nancial reporting of GAIL (INDIA)LIMITED (the Company) as of 31 st March 2018 in conjunction with our audit of thestandalone nancial statements of the Company for the year ended on that date.
Managements Responsibility for Internal Financial Controls
The Companys management is responsible for establishing and maintaining internal-nancial controls based on the internal control over -nancial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls Over Financial Reportingissued by the Institute of Chartered Accountants of India. These responsibilities includethe design implementation and maintenance of adequate internal nancial controls that wereoperating eectively for ensuring the orderly and ecient conduct of its business includingadherence to companys policies the safeguarding of its assets the prevention anddetection of frauds and errors the accuracy and completeness of the accounting recordsand the timely preparation of reliable nancial information as required under theCompanies Act 2013.
Our responsibility is to express an opinion on the Company's internal nancial controlsover nancial reporting based on our audit. We conducted our audit in accordance with theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (theGuidance Note=) and the Standards on Auditing issued by ICAI and deemed to be prescribedunder section 143(10) of the Companies Act 2013 to the extent applicable to an audit ofinternal nancial controls both applicable to an audit of Internal Financial Controls andboth issued by the Institute of Chartered Accountants of India. Those Standards and theGuidance Note require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether adequate internal nancial controls overnancial reporting was established and maintained and if such controls operated eectivelyin all material respects. Our audit involves performing procedures to obtain auditevidence about the adequacy of the internal nancial controls system over nancial reportingand their operating eectiveness.
Our audit of internal -nancial controls over -nancial reporting included obtaining anunderstanding of internal -nancial controls over -nancial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeectiveness of internal control based on the assessed risk. The procedures selected dependon the auditors judgment including the assessment of the risks of material misstatementof the nancial statements whether due to fraud or error. We believe that the auditevidence I/we have obtained is sucient and appropriate to provide a basis for our auditopinion on the Companys internal nancial controls system over nancial reporting.
Meaning of Internal Financial Controls Over Financial Reporting
A company's internal nancial control over nancial reporting is a process designed toprovide reasonable assurance regarding the reliability of nancial reporting and thepreparation of nancial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal nancial control over nancialreporting includes those policies and procedures that
(1) pertain to the maintenance of records that in reasonable detail accurately andfairly reect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permitpreparation of nancial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorisations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection ofunauthorised acquisition use or disposition of the company's assets that could have amaterial eect on the nancial statements.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal nancial controls over nancialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal nancial controls over nancialreporting to future periods are subject to the risk that the internal nancial control overnancial reporting may become inadequate because of changes in conditions or that thedegree of compliance with the policies or procedures may deteriorate.
In our opinion the Company has in all material respects an adequate internal nancialcontrols system over nancial reporting and such internal nancial controls over nancialreporting were operating eectively as at 31 March st 2018 based on the internal controlover -nancial reporting criteria established by the Company considering the essentialcomponents of internal control stated in the Guidance Note on Audit of Internal FinancialControls Over Financial Reporting issued by the Institute of Chartered Accountants ofIndia.
|For O.P. Bagla & Co. LLP ||ForASA & Associates LLP |
|(Formerly O P Bagla & Co.) ||Chartered Accountants |
|Chartered Accountants ||Firm No.: 009571N/N500006 |
|Firm No.: 000018N/N500091 || |
|Rakesh Kumar || |
| ||Parveen Kumar |
|Partner || |
| ||Partner |
|Membership No.:087537 || |
| ||Membership No.:088810 |
|Place: New Delhi || |
|Dated: 24thMay 2018 || |