TO THE SHAREHOLDERS
Report on the Financial Statements
We have audited the accompanying financial statements of UNIQUE ORGANICS LIMITED("the Company") which comprise the Balance Sheet as at 31st March 2017 theStatement of Profit and Loss and the Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company's Board o f Directors is responsible fort he matters stated in Sec 134(5)of the Companies Ad 2013 On the Ad") with respond to the preparation of thesefinancial state merits that give a true and fair view of the financial position financialperformance and cash flows oft he Company in accordance with the accounting principlesgenerally accepted in India including the Accounting Standards specified under section133 of the .Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance wththe provisions of the .Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting polides; making judgments and estimates that are reasonable and prudent; anddesign implementation 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 financial statements thatgive a true and fair vie wand are free from material m is statement whether due to fraudor error.
Our responsibility is to express an opinion on these financial statements based on ouraudit.
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 o f the Ad an d the rules made thereunder.
We conducted our audit i n accordance with the Standards on Audition g spe d lied undersection 143(10) of the .Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe finandal statements are free from material misstatement.
An audit involves perform ing procedures to obtain audit evidence about the amounts anddisclosures in the finandal statements. The procedures selected depend on the auditor*sjudgm ent including the assessment of the risks of material misstatem ent of thefinancial statem ents whether due to fraud or error. In m ak in g those risk asse ssments; the a udito r conside rs inte m al financial co ntrol rele vant to the C om pany's prep aration o f the financial statem ent sthat give true and fair vie win order to designaudit procedure sthat are appropriate in the circumstances but not for the purpose ofexpress ng an opinion on whether the Company has in place an adequate internal finandalcontrols system over financial reporting and the operating effectiveness of such controls.An audit also in dudes evaluating the appropriateness of the accounting policies used andthe reasonableness of the accounting estimates made by the Company's Directors a swell asevaluating the overall presentation of the financial statements.
We be li eve th at the aud it evide nee we h ave o btain ed is suffi d ent an dappropriate to provi de a basis for our audit opin ion on t he fin and al statem ents.
I n ou r o pini on an d to the best of our i nform ati on and accordi ng to the explanation s gi five n to us the fi nanci al statem ents give the i nform ation req uiredby the Act in the m ann er so requi red and gi five a true an d fair vi the win confo rmity with the a ccounti ng prin d pies gene ral ly accept ed in I nd ia:
(a) in the case of the Balance Sheet of the state of affairs oft he Com pany as at 31st March 2017;
(b) in the case of the statement of Profit and Loss oft he lossforthe year ended onthat date; and
(c) in th the case of the C a sh F lo wStatem ent of the cash flo we for the yearended on t hat date.
Report on Other Legal and Regulatory Requirements
1. .As requi re d by the C o m pani es (.Ajditor's R eport) O rde r 2016 (t he Ord er") i ssued by the C entra IG overnm ent of I ndi a i n term s of sub -sect ion(11) of section 14 3 of the C om pani es .Ad 2013 we gi five i n the Anne xure a statemthe nt on the m atters specified in p ara gra phs 3 a nd 4 of the O rder.
2. .As req uired by se di on 143(3) of the .Ad we re port that:
(a) We have sought and obtained all the inform ation and explanati ons which to the best of our knowledge and belief were necessary forthe purpose of o ur audit;
(b) I n o ur opi nion proper b ooks o f accou nt as requi red by I a wha five beenkept by the C om pa ny so far as it appe ars from our exam i nati on o f those book sandproper returns adequate forthe purposes of our audit have been received from branches notvisited by us;
(c) the Bal ance Sh eet Statem ent of P rofit a nd Lo ss an d C ash FI o wStatem thent dea It with by this repo rt are i n ag ree m ent with the b ook s o f acco unt a ndwith the returns received from branches not visited by us;
(d) in our opinion the Balance Sheet Statem ent of Profit and Loss and Cash FlowStatem ent comply with the .Accounting Standards referred to in Section 133 of theCompanies Act 2013 read with rule 7 of the Companies (Accounts) Rules 201 4.
(e) on the basis of written representations received from the directors as on 31 stMarch 2017 and taken on record by the Board of Directors none of the directors isdisqualified as on 31 st March 2016 from being appointed as a director in termsfsub-section (2) of section 164 of the Companies Act 201 3.
(f) with respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate report in "Annexure B"; and
(g) with respect to the other matters included in the .Auditor's Report in accordancewith Rule 11 of the Companies(Audit and Auditors) Rules 2014 in our opinion and to thebest of our information and according to the explanation given to us
i) The Company has disclosed the impact of pending litigations on its financialpositions in its financial statements if any.
ii) The Company has made provisions as required under the applicable I a wo rAccounting Standards for materiaI foresee able Iosses if any on Iong term contractsincluding derivative contracts.
ii i) T here were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.
iv) The Company has provided requiate disclosures in the financial statements as toholdings as welI as dealings in Specified Bank N cites during the period from 8thNovember 2016 to 30th December 2016. Based on audit procedures and relying on themanagement representation we report that the disclosures are in accordance with books ofaccount maintained by the Company and as produced to us by the Management;
| ||For A.K. Meharia & Associates |
| ||Chartered Accountants |
| ||Firm's Registration No. 324666E |
| ||A.K. Meharia |
|Place: Kolkata ||Partner |
|Dated: 27th May 2017 ||Membership Number: 053918 |