Financial Year: 2024
The document provided is an Independent Auditor's Report on the financial statements of Ecosure Pulpmolding Technologies Limited for the year ended March 31, 2024. The audit was conducted by S.N. Gupta & Associates, Chartered Accountants.
Opinion:
The auditor's opinion is that the financial statements present a true and fair view of the Company's state of affairs as of March 31, 2024, and its profit and cash flows for the year then ended, in accordance with accounting principles generally accepted in India and the Companies Act, 2013.
Basis for Opinion:
The audit was conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. The auditors are independent of the Company and have fulfilled their ethical responsibilities. They believe the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion.
Responsibilities of Management and Those Charged with Governance:
The Board of Directors is responsible for preparing financial statements that give a true and fair view of the Company's financial position and performance, maintaining adequate accounting records, selecting and applying appropriate accounting policies, making reasonable and prudent judgments and estimates, and designing, implementing, and maintaining adequate internal financial controls. Management is also responsible for assessing the Company's ability to continue as a going concern.
Auditor's Responsibilities:
The auditor's objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement and to issue an auditor's report. This includes identifying and assessing the risks of material misstatement, designing and performing audit procedures, evaluating the appropriateness of accounting policies used, and concluding on the appropriateness of management's use of the going concern basis of accounting.
Report on Other Legal and Regulatory Requirements:
The report also includes statements on matters specified in paragraphs 3 and 4 of the Companies (Auditor's Report) Order, 2020 ("the Order"), including:
Report on Internal Financial Controls over Financial Reporting:
The auditors have issued a separate report expressing an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls with reference to the financial statements. The management is responsible for establishing and maintaining these controls. The auditor's responsibility is to express an opinion on these controls based on their audit which was conducted in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the ICAI. They believe that the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion. In the auditors' opinion, the Company has an adequate internal financial controls system over financial reporting with reference to financial statements, and such controls were operating effectively as at March 31, 2024.
Balance Sheet Highlights (March 31, 2024):
Statement of Profit and Loss Highlights (Year ended March 31, 2024):
Cash Flow Statement Highlights (Year ended March 31, 2024):
Other Key Points from Notes to Financial Statements:
The financial statements were approved for issue by the Board of Directors on 14 August 2024. Ravinder Kumar, Partner, signed the Independent Auditor's Report for S.N. Gupta & Associates, Chartered Accountants, on the same date.
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