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International Data Management Ltd.

BSE: 517044 Sector: IT
NSE: N.A. ISIN Code: INE649R01010
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NSE 05:30 | 01 Jan International Data Management Ltd
OPEN 10.47
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VOLUME 12
52-Week high 15.75
52-Week low 9.98
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.47
CLOSE 10.47
VOLUME 12
52-Week high 15.75
52-Week low 9.98
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 Ind AS FinancialStatements

We have audited the accompanying Ind AS Financial Statements of International DataManagement Limited ("the Company") which comprise the Balance Sheet as at 31stMarch 2018 the Statement of Profit and Loss (including other Comprehensive Income) andCash Flow Statement and the Statement of Changes in Equity for the year then ended and asummary of the significant accounting policies and other explanatory information.

Management's Responsibility for the Ind AS Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese Ind AS financial statements that give a true and fair view of the state of affairs(financial position) profit or loss (financial performance including other ComprehensiveIncome) and cash flows and changes in the equity of the Company in accordance with theaccounting principles generally accepted in India including the Indian AccountingStandards(Ind AS) specified under Section 133 of the Act. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding the assets of the Company and for preventing and detecting fraudsand other irregularities; selection and application of appropriate accounting policies;making judgments and estimates that are reasonable and prudent; and design implementationand maintenance of adequate internal financial controls that were operating effectivelyfor ensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the Ind AS financial statements that give a true and fairview and are free from material misstatement whether due to fraud or error.

Auditor's' Responsibility

Our responsibility is to express an opinion on these Ind AS financial statements basedon our audit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made there under. We conducted our audit of Ind ASfinancial statements in accordance with the Standards on Auditing specified under Section143(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 Ind ASfinancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the Ind AS financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of theInd AS 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 Ind AS financial statements that give a true and fair view in order todesign audit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of the accounting policies used and the reasonableness ofthe accounting estimates made by the Company's Directors as well as evaluating theoverall presentation of the Ind AS financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Ind AS financial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Ind AS financial statements give the information required bythe Act in the manner so required and give a true & fair view in conformity with theaccounting principles generally accepted in India including the Ind AS of the state ofaffairs (financial position) of the Company as at March31 2018 and its Profit (financialperformance including other comprehensive income) and its Cash Flows and the Changes inEquity for the year ended on that date.

Report on Other Legal and Regulatory Requirements

A. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Companies Act 2013 we give in the Annexure A a statement on the matters specifiedin paragraph 3 and 4 of the Order to the extent applicable.

B. As required by Section 143 (3) of the Act we report that: a. we have sought andobtained all the information and explanations which to the best of our knowledge andbelief were necessary for the purposes of our audit ; b. in our opinion proper books ofaccount as required by law have been kept by the Company so far as it appears from ourexamination of those books ; c. the Balance Sheet the Statement of Profit and Loss theCash Flow Statement and Statement of Changes in Equity dealt with by this Report are inagreement with the books of account ; d. in our opinion the aforesaid Ind AS FinancialStatements comply with the Indian Accounting Standards specified under Section 133 of theAct ; e. on the basis of the written representations received from the directors as on31st March 2018 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2018 from being appointed as a director in terms of Section164 (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"; and g. with respect to the othermatters to be included in the Auditor'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 andaccording to the explanations given to us: i. the Company does not have any pendinglitigations which would impact its financial position in its Ind AS financial statements.ii. the Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses. iii. there were no amounts which wererequired to be transferred to the Investor Education and Protection Fund by the Company.

For Purushothaman Bhutani & Co

Chartered Accountants

Firm Registration No: 005484N

Binay Kumar Jha

Partner

Membership No 509220

Place: New Delhi

Date : 30.05.2018

Annexure - A To The Auditors' Report

The Annexure referred to in paragraph A of the Auditors' Report of even date to themembers of International Data Management Limited on the Ind AS financial statements forthe year ended 31st March 2018 we report that: I. (a) The Company has maintained properrecords showing full particulars including quantitative details and situations of itsfixed assets.

(b) All fixed assets have been physically verified by the management during theyearthere is a regular program of verification which in our opinion is reasonablehaving regard to the size of the Company and the nature of its assets and as informed nomaterial discrepancies were noticed on such verification.

(c) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties areheld in the name of the Company.

II. The Company did not hold any inventory during the year and accordingly therequirement under the paragraph 3(ii) of the order is not applicable to the Company. III.As per the information furnished the Company has not granted any loan secured orunsecured to the companies firms Limited Liability partnership or other parties coveredin the register maintained under sec 189 of the Companies Act. Accordingly the provisionsof clause 3(iii)(a)(b) and (c) of the order is not applicable to the company and hencenot commented upon.

IV. In our opinion and according to the information and explanations given to us thereare no loans investments guarantees and security granted in respect of which provisionsof section 185 and 186 of the Companies Act 2013 are applicable hence not commented upon.V. The Company has not accepted any deposits from the public and hence the directivesissued by Reserve Bank of India and the provisions of sections 73 to 76 or any otherrelevant provisions of the Act & Companies (Acceptance of Deposits) Rule 2015 withregard to the deposits accepted from the public are not applicable .Thus paragraph 3(V) ofthe order is not applicable to the Company and hence not commented upon.

VI. According to the information and explanations given to us the Central Governmenthas not prescribed the maintenance of cost records under sub-section (1) of section 148 ofthe Companies Act 2013 for the products of the company. Thus paragraph 3(VI) of theorder is not applicable to the Company and hence not commented upon.

VII. (a) According to the information and explanations given to us and on the basis ofour examination of books of account and records the Company has been generally regularin depositing undisputed statutory dues including Income Tax Value Added Tax WorkContract Tax Service Tax Cess GST and any other Statutory dues with the appropriateauthorities.

(b) According to the information and explanations given to us no undisputed amountspayable in respect of provident fund employees state insurance Income Tax Sales TaxService Tax GST Custom duty excise duty value added tax cess and other materialstatutory dues were outstanding at the year end for a period of more than six monthsfrom the date they have became payable.

(c) According to the information and explanations given to us there are no dues ofincome tax service tax custom duty excise duty GST value added tax and cess whichhave not been deposited on account of any dispute.

VIII. According to the information and explanations given to us the Company has nottaken any loans either from the financial institutions banks or from the government andhas not issued any debentures. Thus paragraph 3(VIII) of the Order is not applicable tothe Company and has not commented upon.

IX. The Company did not raise any money by way of initial public offer or furtherpublic offer including debt instruments and term loans during the year. Thus paragraph3(IX) of the Order is not applicable to the Company and has not commented upon.

X. Based upon the audit procedures performed and according to the information andexplanations given to us no fraud on or by the Company has been noticed or reportedduring the year.

XI. According to the information and explanation given to us and the books of accountsverified by us the Managerial remuneration has been paid or provided in accordance withthe requisite approvals mandated by the provisions of section 197 read with the Schedule Vto the Companies Act.

XII. The company is not a NIDHI Company. Accordingly paragraph 3(XII) of the Order isnot applicable.

XIII. According to the information and explanations given to us and based on ourexamination of the records of the Company transactions with the related parties are incompliance with sections 177 and 188 of the Act where applicable and details of suchtransactions have been disclosed in the Ind AS financial statements as required by theapplicable accounting standards.

XIV. According to the information and explanations given to us and based on ourexamination of the records of the company the company has not made any preferentialallotment or private placement of shares or fully or partly paid convertible debenturesduring the year. Accordingly paragraph 3(XIV) is not applicable to the Company and hencenot commented upon.

XV. According to the information and explanations given to us and as certified by themanagement the company has not entered into any non-cash transactions with directors orpersons connected with him. Accordingly paragraph 3(XV) is not applicable to the Companyand hence not commented upon.

XVI. In our opinion the company is not required to be registered under section 45– IA of the Reserve Bank of India Act 1934. Accordingly paragraph (XVI) is notapplicable to the Company and hence not commented upon.

For Purushothaman Bhutani & Co
Chartered Accountants
Firm Registration No: 005484N
Binay Kumar Jha
Partner
Membership No 509220
Place: New Delhi
Date : 30.05.2018

Annexure – B To The Auditor's Report

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 "the Act" To the Members of INTERNATIONAL DATAMANAGEMENT LIMITED

We have audited the internal financial controls over financial reporting ofINTERNATIONAL DATA MANAGEMENT LIMITED"the Company" as of March 31 2018 inconjunction with our audit of the Ind AS financial statements of the company for the yearended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the company considering the essential components of internal control statedin the guidance note on Audit of Internal financial control over Financial Reportingissued by the Institute of Chartered Accountants of India. These responsibilities includethe design implementation and maintenance of adequate internal financial controls thatwere operating effectively for ensuring the orderly and efficient conduct of its businessincluding adherence to the Company's policies the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the Companies Act 2013.

Auditor's Responsibility

Our responsibility is to express an opinion on the company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on audit of Internal financial controls over financial reportingthe "Guidance Note" and the standards on auditing as specified under Section 143(10) of the companies act 2013 to the extent applicable to an audit of internalfinancial controls both applicable to an audit of internal financial controls and bothissued by Institute of Chartered Accountants of India. Those standards and the guidancenote require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether adequate Internal financial controls overfinancial reporting were established and maintained and if such controls operatedeffectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial control system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor's judgment including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the internal financial controls system overfinancial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that 1. pertain to the maintenance ofrecords in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the company; 2. provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements inaccordance with the generally accepted accounting principles and that receipts andexpenditures of the company are being made only in accordance with authorizations ofmanagement and directors of the company;

3. Provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition use or disposition of the company's assets that could have amaterial effect on the Ind AS Financial Statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting 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 financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting were operating effectively as at March 312018 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls over Financial Reporting issued by the Institute of CharteredAccountants of India.

For Purushothaman Bhutani & Co
Chartered Accountants
Firm Registration No: 005484N
Binay Kumar Jha
Partner
Membership No 509220
Place: New Delhi
Date : 30.05.2018