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Ganon Products Ltd.

BSE: 512443 Sector: Others
NSE: N.A. ISIN Code: INE162L01017
BSE 00:00 | 19 Jul Ganon Products Ltd
NSE 05:30 | 01 Jan Ganon Products Ltd
OPEN 10.40
PREVIOUS CLOSE 10.10
VOLUME 7
52-Week high 10.40
52-Week low 10.10
P/E 72.14
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.40
CLOSE 10.10
VOLUME 7
52-Week high 10.40
52-Week low 10.10
P/E 72.14
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ganon Products Ltd. (GANONPRODUCTS) - Auditors Report

Company auditors report

To the Members of M/s Gamon products Limited

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying standalone annual financial results (the statement) ofM/s. Ganon Products Limited ("the Company") for the year ended 31st March.2021) attached herewith being submitted by the Company pursuant to the requirements ofRegulation 33 of the SEBI (listing Obligations and Disclosure requirements) regulations2015 (as amended) including relevant circulars issued by Site SEBI from time to time

in our opinion and to the best of our information and according to the explanationsgiven to us. the statements

i. Presents financial results in accordance with the requirements of regulation 33 ofthe listing regulations and

h. give a true and fair view in conformity with the applicable Indian AccountingStandards ('Ind AS*) prescribed under Section 133 of the Companies Act 2013 (the Act)read with relevant rules issues thereunder and other accounting principles generallyaccepted in India of the standalone net profit after tax and other comprehensive incomeand other financial information of the Company for the year ended 31 st March 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Our responsibilities under those Standards are furtherdescribed in the Auditor's Responsbilities for the Audit of the Financial Statementsection of our- report.We are Independent of the Company in accordance with the Code ofLillies issued by the Institute of Chartered Accountants of ndia (ICAI) together with theethical requirements that are relevant to our audit of the financial statements under theprovisions of the Act and (lie rules thereunder and we have fulfilled our oilier ethicalresponsibilities in accordance with these requirements and the Code of Ethics We believethat the audit evidence we have obtained is sufficient ami appropriate to provide a basisfor our opinion.

Other Matters

With regard to management evaluation of uncertainty arising due to the outbreak ofCOVTD - 19 pandemic and its impact on the Company's operations and on the financialresults of the Company as at and for the year ended 31st March 2020 The impact of theseuncertainties on the Company's operations is significantly dependent on futuredevelopments. The opinion expressed in the present report is based mainly on theinformation facts and .input data made available to us through electronic means by themanagement. We wish to highlight that due to COV1D 19 induced restrictions on physicalmovement and strict timelines and the fact that place of business falls under Red Zone forlockdown implementation and there were constraints on actually visiting site place ofbusiness for verification Hence as regards audit for the Iast quarter we were unable tovisit the office had to rely on information provided to us digitally for conduct of auditprocedures.

.Responsibility of Management and Those Charged with Governance for the Statements

The statement has been prepared on the basis of the annual audited financial statementsand has been approved by the Company's Board of Directors. The Company's Board ofDirectors is responsible for the preparation and presentation of the statement that give atrue and fair view of the net profit / loss and other comprehensive income and otherfinancial information of the Company in accordance with the accounting principlesgenerally accepted in India including Ind AS specified under Section 133 of the Act readwith relevant rules issued thereunder and other accounting principles generally acceptedin India and in compliance with regulation 33 of .he Listing Regulations. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company anti forpreventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and. estimates that arc 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 So die preparation and presentation of the financialstatements that give a true and fair view and is free from material misstatement whetherdue to fraud or error.

In preparing the statements the Board of Directors is responsible for assessing theCompany's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless Board ofDirectors either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the Company's financialreporting process.

Auditor's Responsibilities for the Audit of the Financial Statements.

Our objectives are to obtain reasonable assurance about whether the financialstatements ns a whole is free from material misstatement whether due to fraud or errorand to issue an auditor's report that includes our opinion. Reasonable assurance is a highlevel of assurance but is not a guarantee that an audit conducted in accordance withStandards on. Auditing specified under section 143(10) of the Act will always detect amaterial misstatement when it exists. Misstatements can arise from fraud or error and areconsidered material if individually or in the aggregate they could reasonably theexpected to influence the economic decisions of users taken on the basis of tinsstatements.

As pan of an audit in accordance with Standards on Auditing we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also:

* identify and assess the risks of material misstatement of the statements whether dueto fraud or error design and perform audit procedures responsive so those risks andobtain audit evidence that is Sufficients and appropriate to provide a basis for ouropinion The risk for detecting a material

misstatement resulting from fraud is higher than for one resulting from error ns fraudmay involve collusion forgery intentional omissions misrepresentations or the overrideof internal control

* Obtain an understanding of internal control relevant to the audit in order to designaudit procedures that are appropriate in the circumstances. Under section 143(3)(i) of theCompanies Act 2013 we are also responsible for expressing our opinion on whether thecompany has in place adequate internal financial controls with reference to financialstatements and the operating effectiveness of such controls.

* Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.

* Conclude on die appropriateness of management's use of the going concern basis ofaccounting and. based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to conlinue as a going concern. I!' we conduce dial a material uncertaintyexist:; we are required to draw attention m cutr suds tor is report to the relateddisclosure:; its tSie statement or if such disclosures are inadequate to modify ouropinion. Our conclusions arc based on the audit evidence obtained up to the date of ourauditor's report. However future events or conditions may cause (tic Company to cease tocontinue as rt going concern.

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