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Global Longlife Hospital and Research Ltd.

BSE: 543520 Sector: Health care
NSE: N.A. ISIN Code: INE0J2K01014
BSE 00:00 | 12 Aug 74.15 -0.80
(-1.07%)
OPEN

71.70

HIGH

74.45

LOW

71.70

NSE 05:30 | 01 Jan Global Longlife Hospital and Research Ltd
OPEN 71.70
PREVIOUS CLOSE 74.95
VOLUME 137000
52-Week high 141.10
52-Week low 65.20
P/E 21.81
Mkt Cap.(Rs cr) 78
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 71.70
CLOSE 74.95
VOLUME 137000
52-Week high 141.10
52-Week low 65.20
P/E 21.81
Mkt Cap.(Rs cr) 78
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Global Longlife Hospital and Research Ltd. (GLOBALLONGLIFE) - Auditors Report

Company auditors report

To

The Board of Directors

Global Longlife Hospital and research Limited Global Hospital Opp. Auda Garden

Nr. Water Tank

Bodakdev

Ahmedabad - 380054.

Dear Sirs

Subject: Financial Information of Global Longlife Hospital and research Limited

We have examined the attached Restated standalone Statement of Assets and Liabilitiesof Global Longlife Hospital & Research Limited (‘the Company’) as at June30 2021 March 31 2021 March 31 2020 and March 31.2019 the Restated Standalone SummaryStatement of Profit and Loss and the Restated Standalone Summary Statement of Cash Flowsfor the period ended on June 30 2021 and years ended March 31 2021 March 31 2020 andMarch 31 2019 and annexed to this report (collectively the —Restated FinancialInformation") as approved by the Board of Directors of the Company for the purpose ofinclusion in the offer document prepared by the Company in connection with its proposedInitial Public Offer (IPO) of equity shares prepared in terms of the requirements of:

a. Section 26 of Part I of Chapter III of the Companies Act 2013 ("the Act")read with Rule 4 to 6 of Companies (Prospectus and Allotment of Securities) Rules 2014("the Rules");

b. the Securities And Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2018 as amended from time to time in pursuance of provisions ofSecurities and Exchange Board of India Act 1992 ("SEBI-ICDR Regulations"); and

c. the Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by theInstitute of Chartered Accountants of India as amended from time to time (the"Guidance Note").

1. The Restated Standalone summary statements of the Company have been extracted by theManagement from the Audited Standalone financial statements of the Company for the yearsended June 30 2021 March 31 2021 March 31 2020 and March 31 2019. Our responsibilityis to examine the Restated Standalone Financial Information and confirm whether suchRestated Standalone Financial Information comply with the requirements of the Act theRules SEBI-ICDR Regulations and the Guidance Note.

2. We have examined these Restated Standalone Financial Information taking intoconsideration

a. The terms of reference and terms of our engagement agreed upon with you inaccordance with our engagement letter dated May13 2021 in connection with the proposedIPO of the Company;

b. The Guidance Note on reports in Company prospectus (Revised)issued by the Instituteof Chartered Accountants of India

3. These Restated Standalone Financial Information have been compiled by the Managementfrom the Standalone audited Financial Statements of the Company for the years ended June30 2021 March 31 2021 March 31 2020 and March 31 2019 which have been approved bythe Board of Directors of the Company. We Karma& Co LLP Chartered Accountants havebeen subject to peer review process of the Institute of Chartered Accountants of India (ICAI) and hold a valid peer review certificate issued by the "Peer review Board"of the ICAI. The Audit for Financial year March 31 2019 March 31 2020 March 31 2021andJune 30 2021 was conducted by M/s Manish Dave& Co. Accordingly reliance has beenplaced on the financial information examined by them for the said years. The financialreport included for March 31 2019 March 31 2020 and March 31 2021and June 30 2021 isbased solely on the report submitted by them. The audit for the Financial Year March 312021 and June 30 2021 were reauidted by us.

4. Based on our examination we report that:

a. The Restated Standalone Summary Statement of Assets and Liabilities of the Companyexamined and reported as at June 30 2021 March 31 2021 March 31 2020 and March 312019 examined by us as set out in Annexure-1read with significant accounting policies andrelated notes to account in Annexure 4to 32are after making adjustments andregrouping/reclassifications as in our opinion were appropriate and more fully describedin schedules to the related summary statements.

b. The Restated Standalone Summary Statement of Profit and Loss of the Company for theyears ended June 30 2021 March 31 2021 March 31 2020 and March 31 2019 examined byus as set out in Annexure -2 read with significant accounting policies and related notesto account in Annexure 4 to 32 are after making adjustments andregrouping/reclassifications as in our opinion were appropriate and more fully describedin schedules to the related summary statements.

c. The Restated Standalone Summary Statement of Cash Flows of the Company for the yearsended June 30 2021 March 31 2021 March 31 2020 and March 31 2019 examined by us asset out inAnnexure-3read with significant accounting policies and related notes to accountin Annexure 4 to 32 are after making adjustments and regrouping/reclassifications as inour opinion were appropriate and more fully described in schedules to the related summarystatements.

d. Based on the above according to the information and explanations given to us we areof opinion that the Restated Standalone Financial Information:

i. have been made after incorporating adjustments for changes in accounting policiesretrospectively in respective financial years to reflect the same accounting treatment asper changed accounting policy for all the reporting periods;

ii. have been made after incorporating adjustments for the material amounts in therespective financial years to which they relate; and

iii. Do not contain any extra-ordinary items that need to be disclosed separately.

iv. There were no qualifications in the Audit report issued by the Statutory Auditor ofthe Company for the years ended June 30 2021 March 31 2021 March 31 2020 and March31 2019 which would require adjustments in this restated financial statements of theCompany.

5. We have also examined the following financial information as set out in the Annexureprepared by the management and approved by the Board of Directors relating to for theyears ended June 30 2021 March 31 2021 March 31 2020 and March 31 2019.

i. Standalone Statement of significant accounting policies and notes to accounts asappearing in Annexure 4

ii. Standalone Statement of capital as appearing in Annexure 5

iii. Standalone Statement of Reserve and Surplus as appearing in Annexure 6

iv. Standalone Statement of Long term Borrowing as appearing in Annexure 7

v. Standalone Statement of Long term Liability as appearing in Annexure 8

vi. Standalone Statement of Short term Borrowings as appearing in Annexure 9

vii. Standalone Statement of Trade payables as appearing in Annexure 10

viii. Standalone Statement of Other Current liabilities as appearing in Annexure 11

ix. Standalone Statement of Short term Provisions as appearing in Annexure 12

x. Standalone Statement of Fixed Asset Schedule as appearing in Annexure 13

xi. Standalone Statement of Non-Current investment Schedule as appearing in Annexure 14

xii. Standalone Statement of Differed Tax Assets Schedule as appearing in Annexure 15

xiii. Standalone Statement of Other Non-Current Assets Schedule as appearing inAnnexure 16

xiv. Standalone Statement of Inventories as appearing in Annexure 17

xv. Standalone Statement of Trade receivables as appearing in Annexure 18

xvi. Standalone Statement of Cash and Cash equivalents as appearing in Annexure 19

xvii. Standalone Statement of Short term Loans and Advances as appearing in Annexure 20

xviii. Standalone Statement of Revenue from Operations as appearing in Annexure 21

xix. Standalone Statement of Other Income as appearing in Annexure 22

xx. Standalone Statement of Cost of Material Consumed as appearing in Annexure 23

xxi. Standalone Statement of Change in Inventories as appearing in Annexure 24

xxii. Standalone Statement of Employee Benefit Expenses as appearing in Annexure 25

xxiii. Standalone Statement of Financial Costs as appearing in Annexure 26

xxiv. Standalone Statement of Other expenses as appearing in Annexure 27

xxv. Standalone Statement of Depreciation and amortization expenses as appearing inAnnexure 28

xxvi. Restated Standalone Statement of Accounting & Other Ratios as appearing inAnnexure 29

xxvii. Restated Standalone Statement of Capitalization of the company as appearing inAnnexure 30

xxviii. Restated Standalone Statement of Tax Shelter as appearing in Annexure 31

xxix. Restated Standalone Statement of Contingent Liabilities & Capital Commitmentsas appearing in Annexure 32

xxx. Restated Standalone statement of Related Parties as appearing Annexure 33

xxxi. Reconciliation of Reserve & Surplus as appearing Annexure 34

xxxii. Reconciliation between Restated Standalone Statement and Audited Statement asappearing Annexure 35

According to the information and explanations given to us in our opinion the RestatedStandalone Financial Information and the above restated Standalone financial informationcontained in Annexure I to XXIX accompanying this report read along with the SignificantAccounting Policies and Notes as set out in Annexure 4to32 are prepared after makingadjustments and regroupings as considered appropriate and have been prepared in accordancewith Section 26 of Part I of Chapter III of the Companies Act 2013 read with Rule 4 to 6of Companies (Prospectus and Allotment of Securities)Rules 2014 SEBI-ICDR Regulationsand the Guidance Note.

6. This report should not in any way be construed as a reissuance or re-dating of anyof the previous audit reports issued by us nor should this report be construed as a newopinion on any of the financial statements referred to herein.

7. We have no responsibility to update our report for events and circumstancesoccurring after the date of the report.

8. Our report is intended solely for use of the Management for inclusion in the offerdocument to be filed with Stock Exchange and Registrar of Companies Ahmedabad inconnection with the proposed IPO of equity shares of the Company. Our report should not beused referred to or distributed for any other purpose except with our prior consent inwriting.

For Karma & Co LLP
Chartered Accountants
Firm Reg. No :127544W/W100376
sd/-
Jignesh A Dhaduk
Partner
Mem. No: 129149 Date: November 19 2021
UDIN: 21129149AAAAHV3123 Place: Ahmedabad

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