AUDITOR'S REPORT UNDER THE COMPANIES (AUDITOR'S REPORT) ORDER, 2020
(CARO 2020) Report on the Financial Statements
- Company Name
- CIN
- Financial Year
- Auditor Firm
- Audit Partner
- Report Date
As per the Companies (Auditor's Report) Order, 2020 ("CARO 2020"), we report on the applicability and compliance of the Company with the following matters:
CLAUSE (i) - FIXED ASSETS
Basis of Clause (i): The company has maintained proper records showing particulars of fixed assets (i.e., property, plant, and equipment) including quantitative details and situation of the assets. Fixed assets have been physically verified by the management during the year in accordance with a regular program of verification, and no material discrepancies have been noticed on such verification.
Status: NON-COMPLIANT
Remarks:
CLAUSE (ii) - INVENTORY
Basis of Clause (ii): The company has maintained proper records of inventory. The inventory has been physically verified during the year by the management at regular intervals, and the discrepancies noticed during physical verification of inventory as compared to book records have been properly dealt with in the books of accounts.
Status: NON-COMPLIANT
Remarks:
CLAUSE (iii) - LOANS/ADVANCES TO RELATED PARTIES
Basis of Clause (iii): The company has not granted any loans, advances in the nature of loans, or stood as a guarantor or security for loans granted by banks or financial institutions to any related party. As per the information and explanations given, the company has complied with the provisions of Sections 184, 185, and 186 of the Companies Act, 2013.
Existence of Loans: No
CLAUSE (iv) - DEPOSITS AND CLAUSE (v) - COST RECORDS
Deposits:
Remarks:
Cost Records: Not Applicable
Remarks:
CLAUSE (vi) - STATUTORY DUES
Compliance with Statutory Dues:
- Provident Fund (PF): Not Applicable
- Employee State Insurance (ESI): Not Applicable
- GST and Tax Dues: Not Applicable
Remarks:
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CLAUSE (vii) - BANK LOANS AND FINANCIAL OBLIGATIONS
Existence of Bank Loans: No
CLAUSE (viii) - FRAUD
Fraud Detection: Fraud by others has been detected.
Details:
CLAUSE (ix) - NIDHI COMPANY
Nidhi Compliance: Not Applicable
Remarks:
CLAUSE (x) - RELATED PARTY TRANSACTIONS
All transactions with related parties have been identified and disclosed in the financial statements as required under Accounting Standard (AS) / Indian Accounting Standard (Ind AS).
Compliance Status: NON-COMPLIANT
Remarks:
CLAUSE (xi) - INTERNAL AUDIT
The company has an internal audit function. Assessment of the adequacy of internal audit:
Remarks:
This CARO report is issued in accordance with the Companies (Auditor's Report) Order, 2020, and should be read in conjunction with the Statutory Auditor's Report and the Company's Financial Statements.