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International Data Management Ltd.

BSE: 517044 Sector: IT
NSE: N.A. ISIN Code: INE649R01010
BSE 00:00 | 27 Sep 7.79 0.37
(4.99%)
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7.60

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7.79

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7.42

NSE 05:30 | 01 Jan International Data Management Ltd
OPEN 7.60
PREVIOUS CLOSE 7.42
VOLUME 1585
52-Week high 8.36
52-Week low 3.54
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.60
CLOSE 7.42
VOLUME 1585
52-Week high 8.36
52-Week low 3.54
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

International Data Management Ltd. (INTLDATAMGT) - Auditors Report

Company auditors report

TO THE MEMBERS OF INTERNATIONAL DATA MANAGEMENT LIMITED

Report on the Audit of the Ind AS Financial Statements

We have audited the accompanying Ind AS Financial Statements of M/sINTERNATIONAL DATA MANAGEMENT LIMITED ("the Company") which comprise theBalance Sheet as at 31-March 2021 and the Statement of Profit and Loss and Statement ofCash Flows for the year ended on that date notes to the Ind AS Financial Statementsincluding a summary of significant accounting policies and other explanatory information("the Financial Statements").

Opinion

In our opinion and to the best of our information and according to theexplanations given to us the aforesaid Ind AS Financial 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 of the state of affairs of theCompany as at March 312021 and its loss and cash flow for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditingspecified under section 143(10) of the Act (SAs). Our responsibilities under thoseStandards are further described in the Auditor's Responsibilities for the Audit ofthe Ind AS Financial Statements section of our report. We are independent of the Companyin accordance with the Code of Ethics issued by the Institute of Chartered Accountants ofIndia together with the ethical requirements that are relevant to our audit of thefinancial statements under the provisions of the Act and the Rules there under and wehave fulfilled our other ethical responsibilities in accordance with these requirementsand the Code of Ethics issued by ICAI. We believe that the audit evidence we have obtainedis sufficient and appropriate to provide a basis for our opinion on the Ind AS financialstatements.

Key Audit Matters

Key audit matters are those matters that in our professional judgmentwere of most significance in our audit of the Ind AS financial statements of the currentperiod. These matters were addressed in the context of our audit of the Ind AS financialstatements as a whole and in forming our opinion thereon and we do not provide aseparate opinion on these matters. Based on our checks and on the basis of information andexplanation from the management we have determined that there are no key audit matter tobe communicated in our report.

Information Other than the Ind AS Financial Statements andAuditor's Report Thereon

The Company's Board of Directors is responsible for thepreparation of other information. The other information comprises the information includedin the Board report but does not include the Ind AS financial statements and ourauditor's report thereon which we obtained prior to the date of this auditor'sreport and the Director's report which is expected to be made available to us afterthat date.

Our opinion on the Ind AS financial statements does not cover the otherinformation and we do not and will not express any form of assurance conclusion thereon.

In connection with our audit of the Ind AS financial statements ourresponsibility is to read the other information identified above and in doing soconsider whether the other information is materially inconsistent with the Ind ASfinancial statements or our knowledge obtained in the audit or otherwise appears to bematerially misstated.

If based on the work we have performed on the other information thatwe obtained prior to the date of this auditor's report we conclude that there is amaterial misstatement of this other information we are required to report that fact. Wehave nothing to report in this regard.

Responsibilities of Management and those charged with governance forthe Ind AS Financial Statements

The Company's Board of Directors and those charged with governanceis responsible for the matters stated in section 134(5) of the Act with respect to thepreparation of these Ind AS financial statements that give a true and fair view of the IndAS financial position Ind AS financial performance and cash flows of the Company inaccordance with the accounting principles generally accepted in India including theaccounting Standards specified under section 133 of the Act. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding of the assets of the Company and for preventing and detectingfrauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and designimplementation 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 Ind AS financial statementsthat give a true and fair view and are free from material misstatement whether due tofraud or error.

In preparing the Ind AS financial statements the Board of Directors isresponsible for assessing the Company's ability to continue as a going concerndisclosing as applicable matters related to going concern and using the going concernbasis of accounting unless the Board of Directors either intends to liquidate the Companyor to cease operations or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing theCompany's financial reporting process.

Auditor's Responsibilities for the Audit of the Ind AS FinancialStatements

Our objectives are to obtain reasonable assurance about whether the IndAS financial statements as a whole are free from material misstatement whether due tofraud or error and to issue an auditor's report that includes our opinion.Reasonable assurance is a high level of assurance but is not a guarantee that an auditconducted in accordance with SAs will always detect a material misstatement when itexists. Misstatements can arise from fraud or error and are considered material ifindividually or in the aggregate they could reasonably be expected to influence theeconomic decisions of users taken on the basis of these Ind AS financial statements.

As part of an audit in accordance with SAs we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of theInd AS financial statements whether due to fraud or error design and perform auditprocedures responsive to those risks and obtain audit evidence that is sufficient andappropriate to provide a basis for our opinion. The risk of not detecting a materialmisstatement resulting from fraud is higher than for one resulting from error as fraudmay involve collusion forgery intentional omissions misrepresentations or the overrideof internal control.

• Obtain an understanding of internal control relevant to theaudit in order to design audit procedures that are appropriate in the circumstances. Undersection 143(3)(i) of the Act we are also responsible for expressing our opinion onwhether the company has adequate internal financial controls system in place and theoperating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and thereasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's 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 significantdoubt on the Company's ability to continue as a going concern. If we conclude that amaterial uncertainty exists we are required to draw attention in our auditor'sreport to the related disclosures in the Ind AS financial statements or if suchdisclosures are inadequate to modify our opinion. Our conclusions are based on the auditevidence obtained up to the date of our auditor's report. However future events orconditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation structure and content of theInd AS financial statements including the disclosures and whether the Ind AS financialstatements represent the underlying transactions and events in a manner that achieves fairpresentation.

We communicate with those charged with governance regarding amongother matters the planned scope and timing of the audit and significant audit findingsincluding any significant deficiencies in internal control that we identify during ouraudit.

We also provide those charged with governance with a statement that wehave complied with relevant ethical requirements regarding independence and tocommunicate with them all relationships and other matters that may reasonably be thoughtto bear on our independence and where applicable related safeguards.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act we report that:

(a) We have sought and obtained all the information and explanationswhich to the best of our knowledge and belief were necessary for the purposes of ouraudit.

(b) In our opinion proper books of account as required by law havebeen kept by the Company so far as it appears from our examination of those books.

(c) The Balance Sheet the Statement of Profit and Loss and the CashFlow Statement dealt with by this Report are in agreement with the books of account.

(d) In our opinion the aforesaid Ind AS financial statements complywith the Accounting Standards specified under Section 133 of the Act read with Rule 7 ofthe Companies (Accounts) Rules 2014.

(e) On the basis of the written representations received from thedirectors as on 31-March 2021 taken on record by the Board of Directors none of thedirectors is disqualified as on 31-March 2021 from being appointed as a director in termsof Section 164(2) of the Act.

(f) With respect to the adequacy of the internal financial controlsover financial reporting of the Company and the operating effectiveness of such controlsrefer to our separate report in "Annexure B";.

(g) With respect to the other matters to be included in theAuditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors)Rules 2014 in our opinion and to the best of our information and according to theexplanations given to us:

i. the Company has disclosed no pending litigations on its financialposition;

ii. the Company did not have any long-term contracts includingderivative contracts for which there were any material foreseeable losses;

iii. There were no amounts which were required to be transferred to theInvestor Education and Protection Fund by the Company.

2. As required by the Companies (Auditor's Report) Order 2016("the Order") issued by the Central Government in terms of Section 143(11) ofthe Act we give in "Annexure A" a statement on the matters specified inparagraphs 3 and 4 of the Order.

For PURUSHOTHAMAN BHUTANI & CO.
Chartered Accountants
(Firm Registration No.: 005484N)
Sd/-
(BINAY KUMAR JHA)
Partner
M.No. 509220
Place : New Delhi
Date : 27th May 2021

ANNEXURE ‘A' TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 2 under ‘Report on Other Legal andRegulatory Requirements' section of our report to the Members of INTERNATIONAL DATAMANAGEMENT LIMITED of even date)

i. In respect of the Company's property plant & equipments:

A. The Company has maintained proper records showing full particularsincluding quantitative details and situation of fixed assets.

B. All fixed assets have been physically verified by the managementduring the year there is a regular program of verification which in our opinion isreasonable having regard to the size of the Company and the nature of its assets and asinformed no material discrepancies were noticed on such verification.

C. According to the information and explanations given to us and on thebasis of our examination of the records of the Company the title deeds of immovableproperties are held in the name of the Company.

ii. In respect of inventory:

The Company did not hold any inventory during the year and accordinglythe requirement under the paragraph 3(ii) of the order is not applicable to the Company.

iii. In respect of loans secured or unsecured granted to the partiescovered in register maintained under section 189 of the Companies Act 2013:

According to the information and explanations given to us the Companyhas not granted loans secured or unsecured to companies covered in the registermaintained under section 189 of the Act in respect of which:

a) The terms and conditions of the grant of such loans are in ouropinion prima facie not prejudicial to the Company's interest.

b) The schedule of repayment of principal and payment of interest hasbeen stipulated and repayments or receipts of principal amounts and interest have beenregular as per stipulations.

c) There is no overdue amount remaining outstanding as at the year-end.

iv. In our opinion and according to the information and explanationsgiven to us there is no loans investments guarantees and security granted in respect ofprovisions of Sections 185 and 186 of the Companies Act 2013..

v. The Company has not accepted deposits from the public. As such thedirectives issued by the Reserve Bank of India the provisions of Sections 73 to 76 or anyother relevant provisions of the Companies Act 2013 and the rules framed there under arenot applicable to the company so this paragraph of the Order is not applicable.

vi. In our opinion and according to the information and explanationsgiven to us and pursuant to the rules prescribed by Central Government for maintenance ofcost records under sub section 1 of Section 148 of the Act the prescribed accounts andrecords are not required to maintain by the company. Accordingly paragraph 3(vi) of theOrder is not applicable.

vii. According to the information and explanations given to us inrespect of statutory dues:

(a) The Company has generally been regular in depositing undisputedstatutory dues including Provident Fund Employees' State Insurance Income TaxGoods and Service Tax custom duty cess and other material statutory dues applicable toit with the appropriate authorities.

(b) There were no undisputed amounts payable in respect of ProvidentFund Employees' State Insurance Income Tax Goods and Service Tax Custom DutyCess and other material statutory dues in arrears as at March 312021 for a period of morethan six months from the date they became payable.

(c) According to the information & explanation given to us thereare no dues of Provident Fund Employees' State Insurance Income Tax Goods andService Tax Custom Duty Cess and other material statutory dues which have not beendeposited with the appropriate authorities on account of any dispute.

viii. In our opinion and according to the information and explanationsgiven to us the Company did not have any outstanding dues in respect of bank a financialinstitution or debenture holders or government. Accordingly paragraph 3(viii) of theOrder is not applicable.

ix. The Company has not raised any money by way of initial public offeror further public offer (including debt instruments). According to the information andexplanations given to us The Company has not raised term loan during the year underreview.

x. To the best of our knowledge and according to the information andexplanations given to us no fraud by the Company or no material fraud on the Company byits officers or employees has been noticed or reported during the year.

xi. In our opinion and according to the information and explanationsgiven to us the Company has neither paid nor provided managerial remuneration during thereporting financial year. Hence reporting under clause 3 (xi) of the Order is notapplicable to the Company.

xii. The Company is not a Nidhi Company and hence reporting underclause 3 (xii) of the Order is not applicable to the Company.

xiii. In our opinion and according to the information and explanationsgiven to us the Company is in compliance with Section 177 and 188 of the Companies Act2013 where applicable for all transactions with the related parties and the details ofrelated party transactions have been disclosed in the Ind AS financial statements asrequired by the applicable accounting standards.

xiv. According to the information and explanations given to us theCompany has not made any preferential allotment or private allotment or fully or partlyconvertible debentures and reporting under clause 3 (xiv) of the Order are not applicableto the Company.

xv. In our opinion and according to the information and explanationsgiven to us during the year the Company has not entered into any non-cash transactionswith its Directors or persons connected to its directors and hence provisions of section192 of the Companies Act 2013 are not applicable to the Company.

xvi. The Company is not required to be registered under section 45-I ofthe Reserve Bank of India Act 1934 and it has obtained the registration.

For PURUSHOTHAMAN BHUTAN & CO.
Chartered Accountants
(Firm Registration No.: 005484N)
Sd/-
(BINAY KUMAR JHA)
Partner
M.No.509220
Place : New Delhi
Date : 27th May 2021

ANNEXURE - B TO THE AUDITOR'S REPORT

Report on the Internal Financial Controls under Clause (i) ofSub-section 3 of Section 143 of the Companies Act 2013 "the Act"

TOTHE MEMBERSOF INTERNATIONAL DATA MANAGEMENT LIMITED

We have audited the internal financial controls over financialreporting of INTERNATIONAL DATA MANAGEMENT LIMITED "the Company" as of March312021 in conjunction with our audit of the Ind AS financial statements of the companyfor the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing andmaintaining internal financial controls based on the internal control over financialreporting criteria established by the company considering the essential components ofinternal control stated in the guidance note on Audit of Internal financial control overFinancial Reporting issued by the Institute of Chartered Accountants of India. Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to the Company's policies thesafeguarding of its assets the prevention and detection of frauds and errors theaccuracy and completeness of the accounting records and the timely preparation ofreliable financial information as required under the Companies Act 2013.

Auditor's Responsibility

Our responsibility is to express an opinion on the company'sinternal financial controls over financial reporting based on our audit. We conducted ouraudit in accordance with the Guidance Note on audit of Internal financial controls overfinancial reporting the "Guidance Note" and the standards on auditing asspecified under Section 143(10) of the Companies act 2013 to the extent applicable to anaudit of internal financial controls both applicable to an audit of internal financialcontrols and both issued by Institute of Chartered Accountants of India. Those standardsand the guidance note require that we comply with ethical requirements and plan andperform the audit to obtain reasonable assurance about whether adequate Internal financialcontrols over financial reporting were established and maintained and if such controlsoperated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence aboutthe adequacy of the internal financial control system over financial reporting and theiroperating effectiveness. Our audit of internal financial controls over financial reportingincluded obtaining an understanding of internal financial controls over financialreporting assessing the risk that a material weakness exists and testing and evaluatingthe design and operating effectiveness of internal control based on the assessed risk. Theprocedures selected depend on the auditor's judgment including the assessment of therisks of material misstatement of the Ind AS financial statements whether due to fraud orerror.

We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the internal financial controlssystem over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting isa process designed to provide reasonable assurance regarding the reliability of financialreporting and the preparation of Ind AS financial statements for external purposes inaccordance with generally accepted accounting principles. A company's internalfinancial control over financial reporting includes those policies and procedures thatpertain to the maintenance of records in reasonable detail accurately and fairly reflectthe transactions and dispositions of the assets of the company; 2 provide reasonableassurance that transactions are recorded as necessary to permit preparation of Ind ASfinancial statements in accordance with the generally accepted accounting principles andthat receipts and expenditures of the company are being made only in accordance withauthorizations of management and directors of the company; 3 provide reasonable assuranceregarding prevention or timely detection of unauthorized acquisition use or dispositionof the company's assets that could have a material effect on the Ind AS financialstatements.

Inherent Limitations of Internal Financial Controls over FinancialReporting

Because of the inherent limitations of internal financial controls overfinancial reporting including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial controls overfinancial reporting to future periods are subject to the risk that the internal financialcontrol over financial reporting may become inadequate because of changes in conditionsor that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequateinternal financial controls system over financial reporting and such internal financialcontrols over financial reporting were operating effectively as at March 312021 based onthe internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India.

For PURUSHOTHAMAN BHUTANI & CO.
Chartered Accountants
(Firm Registration No.: 005484N)
Sd/-
(BINAY KUMAR JHA)
Partner
M.No. 509220
Place : New Delhi
Date : 27th May 2021

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