The members of M/s. PVV INFRA LIMITED Report on the financial statements
We have audited the accompanying financial statements of M/S. PVV INFRA LIMITED("Company") which comprise the Balance Sheet as at 31.03.2021 the Statement ofProfit and Loss account and Cash Flow Statement for the period then ended and a summaryof significant accounting policies and other explanatory information.
Management's responsibility for the financial statements
Management is responsible for the preparation of the financial statements that give atrue and fair view of the financial position financial performance and cash flows of thecompany in accordance with the accounting standards referred to in section 133 of theCompanies Act 2013("Act") read with Rule 7 of the Companies (Accounts) Rules2014. This responsibility includes the design implementation and maintenance of internalcontrol relevant to the preparation and presentation of the financial statements that givea true and fair view and are free from material misstatement whether due to fraud orerror.
Our responsibility is to express an opinion on the financial statements based on ouraudit. We conducted our audit in accordance with the standards on auditing issued by theinstitute of Chartered Accountants of India. Those standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment of the risks of the material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditors consider internal control relevant to the company's preparation and fairpresentation of the financial statements in order to design audit procedures that are inappropriate in the circumstances. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made bythemanagement as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a reasonable basis for our audit opinion.
In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India :
a) In the case of Balance Sheet of the state of affairs of the company as at March312021;
b) In the case of Statement of Profit and Loss of the profit of the company for theperiod ended 31st Mar 2021;and
c) In the case of Cash Flow Statement of the cash flows of the company for the periodended 31st Mar 2021.
Report on other legal and regulatory requirements
1. As required by the Companies (Audit Report) Order 2016 issued by the CentralGovernment of India in terms of sub-section 11 of section 143 of the Companies Act 2013we enclose in the Annexure a statement on the matters specified in paragraphs4 and 5 ofthe said Order.
2. As required by section 143(3) of the Act we report that:
a) We have obtained all the information and explanations which to the best of ourknowledge 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 appears from our examination of those books;
c) The Balance Sheet Statement of Profit and Loss Account and the Cash FlowStatementdealt with by this report are in agreement with the books of account;
d) In our opinion the Balance Sheet and Statement of Profit and Loss Account dealtwith by this report comply with the Accounting Standards referred to in section 133 of theCompanies Act 2013; read with Rule 7 of the Companies (Accounts) Rules 2014.
e) On the basis of written representations received from the Directors as on 21stMarch 2021 and taken on record by the Board of Directors we report that none of theDirectors is disqualified as on 31st March 2021 from being appointed as a Director interms of section 164 (2) of the Companies Act 2013
f) In our opinion and according to the information and explanations given to us thereare adequate internal control systems commensurate with the size of the company and thenature of its business.
g) In our opinion and according to the information and explanations given to us thecompany has disclosed the pending litigations of the company which will haveimpact on thefinancial statements.
h) In our opinion and according to the information and explanations given to us thecompany is not foreseeing any losses and therefore the provision of the same does notarise.
i) In our opinion and according to the information and explanations given to us thecompany has not holding amounts such as unclaimed dividends share application money etcrequiring the transfer of the same to the Investor Education and Protection Fund.
| ||For SMV & CO Chartered Accountants |
|Place: HYDERABAD ||FRN : 015630S |
|Date: 30.06.2021 ||R. Vamsi Krishna |
| ||Partner M.No.229292 |