You are here » Home » Companies ยป Company Overview » Dwarikesh Sugar Industries Ltd

Dwarikesh Sugar Industries Ltd.

BSE: 532610 Sector: Agri and agri inputs
NSE: DWARKESH ISIN Code: INE366A01041
BSE 00:00 | 24 Apr 2020 Dwarikesh Sugar Industries Ltd
NSE 05:30 | 01 Jan 1970 Dwarikesh Sugar Industries Ltd

Notice: Undefined property: stdClass::$market_capital_for_nse in /usr2/unibs/application/modules/live-market/views/scripts/company/bs-new-bse-nse-block.php on line 17
OPEN 18.00
PREVIOUS CLOSE 18.25
VOLUME 21250
52-Week high 42.05
52-Week low 13.30
P/E 5.35
Mkt Cap.(Rs cr) 330
Buy Price 17.50
Buy Qty 300.00
Sell Price 17.50
Sell Qty 700.00
OPEN 18.00
CLOSE 18.25
VOLUME 21250
52-Week high 42.05
52-Week low 13.30
P/E 5.35
Mkt Cap.(Rs cr) 330
Buy Price 17.50
Buy Qty 300.00
Sell Price 17.50
Sell Qty 700.00

Dwarikesh Sugar Industries Ltd. (DWARKESH) - Auditors Report


Notice: Undefined variable: pattern in /usr2/unibs/application/modules/live-market/views/scripts/company/annual-report.php on line 72

Company auditors report

To The Members of

Dwarikesh Sugar Industries Limited

Report on the audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of Dwarikesh Sugar IndustriesLimited ("the Company") which comprise the Balance Sheet as at March 31 2019the Statement of Profit and Loss (including Other Comprehensive Income) the Statement ofChanges in Equity and the Statement of Cash Flows for the year ended on that date andnotes to the financial statements including a summary of the significant accountingpolicies and other explanatory information (hereinafter referred to as "the financialstatements").

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by theCompanies Act 2013 ("the Act") in the manner so required and give a true andfair view in conformity with the Indian Accounting Standards prescribed under section 133of the Act read with the Companies (Indian Accounting Standards) Rules 2015 as amended("Ind AS") and other accounting principles generally accepted in India of thestate of affairs of the Company as at March 31 2019 the profit and total comprehensiveincome changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards onAuditing specified under section 143(10) of the Act (SAs). Our responsibilities underthose Standards are further described in the Auditor's Responsibilities for the Audit ofthe financial statements section of our report. We are independent of the Company inaccordance with the Code of Ethics issued by the Institute of Chartered Accountants ofIndia (ICAI) together with the independence requirements that are relevant to our audit ofthe financial statements under the provisions of the Act and the Rules made thereunderand we have fulfilled our other ethical responsibilities in accordance with theserequirements and the ICAI's Code of Ethics. We believe that the audit evidence we haveobtained is sufficient and appropriate to provide a basis for our audit opinion on thefinancial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the financial statements of the current period. These matterswere addressed in the context of our audit of the financial statements as a whole and informing our opinion thereon and we do not provide a separate opinion on these matters. Wehave determined the matters described below to be the key audit matters to be communicatedin our report.

Sr. No. Key Audit Matters Auditor's Response
1 Recognition of Government Subsidies/ Impact of government policies/ notifications on recognition of subsidy accruals/ claims and their recoverability During the year the Company has recognised accruals/subsidy claims amounting to Rs. 9183.56 lakhs as at March 31 2019 the Company has receivables of Rs. 5385.85 lakhs relating to such claims which is significant to the financial statements. Principal Audit Procedures
We understood and tested the design and operating effectiveness of controls as established by management in recognition and assessment of the recoverability of the claims.
We evaluated the management's assessment regarding reasonable certainty for complying with the relevant conditions as specified in the notifications/policies and collections.
We consider this as key audit matters because recognition of accruals/claims and assessment of recoverability of the claims is subject to significant judgement of the management. The area of judgement includes certainty in relation to the satisfaction of conditions specified in the notifications/policies collections provisions thereof likelihood of variation in the related computation rates and basis for determination of accruals/ claims We considered the relevant notifications/policies issued by various authorities to ascertain the appropriateness of the recognition of accruals/claims adjustments to claims already recognised pursuant to changes in the rates and basis for determination of claims.
Sr. No. Key Audit Matters Auditor's Response
For details: - Refer Note No 54 55 and 56 to the Financial Statements.. We tested the ageing analysis and assessed the information used by the management to determine the recoverability of the claims by considering claim collection against historical trends.
Based on the fulfilment of the conditions as precedent in relevant notification management is reasonably certain about the recoverability of the claims/ accrual. Based on the above procedures performed the management's estimates related to recognition of subsidy accruals/claim and their recoverability are considered to be reasonable.
2 Determination of net realizable value of inventory of sugar as at the year ended March 31 2019 Principal Audit Procedures
As on March 31 2019 the Company has inventory of sugar with the carrying value 79416.77 lakhs. The inventory of sugar is valued at the lower of cost and net realizable value. We understood and tested the design and operating effectiveness of controls as established by the management in determination of net realizable value of inventory of sugar.
We considered the inventory valuation of sugar as a key audit matter given the relative size of the balance in the financial statements and significant judgement involved in the consideration of factors such as minimum sale price monthly quota fluctuation in selling prices and the related notifications of the Government in determination of net realizable value. Assessing the appropriateness of Company's accounting policy for valuation of finished goods and compliance of the policy with the requirements of the prevailing accounting standards.
For details: - Refer Note No 45 (Rs.) to the Financial Statements. We considered various factors including the actual selling price prevailing around and subsequent to the year-end minimum selling price & monthly quota and other notifications of the Government of India initiatives taken by the Government with respect to sugar industries.
Compared the cost of the finished goods with the estimated net realizable value and checked if the finished goods were recorded at net realizable value where the cost was higher than the net realizable value. For the purpose of determination of cost the Company has considered the prevailing market conditions. Based on the above procedures performed the management's determination of the net realizable value of the inventory of sugar as at the year end and comparison with cost for valuation of inventory is considered to be reasonable.

Information Other than the Financial Statements and Auditor's Report Thereon

The Company's Board of Directors is responsible for the preparation of the otherinformation. The other information comprises the information included in the ManagementDiscussion and Analysis Board's Report including Annexures to Board's Report andCorporate Governance but does not include the financial statements and our auditor'sreport thereon.

Our opinion on the financial statements does not cover the other information and we donot express any form of assurance conclusion thereon.

In connection with our audit of the financial statements our responsibility is to readthe other information and in doing so consider whether the other information ismaterially inconsistent with the financial statements or our knowledge obtained during thecourse of our audit or otherwise appears to be materially misstated. If based on the workwe have performed we conclude that there is a material misstatement of this otherinformation we are required to report that fact. We have nothing to report in thisregard.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Act with respect to the preparation of these financial statements that givea true and fair view of the financial position financial performance total comprehensiveincome changes in equity and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Indian Accounting Standards (Ind AS)specified under Section 133 of the Act read with the Companies (Indian AccountingStandards) Rules 2015 as amended thereof.

This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company andfor preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the financial statements management is responsible for assessing theCompany's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless managementeither intends to liquidate the Company or to cease operations or has no realisticalternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reportingprocess.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financialstatements as a whole are free from material misstatement whether due to fraud or errorand to issue an auditor's report that includes our opinion. Reasonable assurance is a highlevel of assurance but is not a guarantee that an audit conducted in accordance with SAswill always detect a material misstatement when it exists. Misstatements can arise fromfraud or error and are considered material if individually or in the aggregate theycould reasonably be expected to influence the economic decisions of users taken on thebasis of these financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit inorder to design audit procedures that are appropriate in the circumstances. Under section143(3)(i) of the Act we are also responsible for expressing our opinion on whether theCompany has adequate internal financial controls system in place and the operatingeffectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonable nessof accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basisof accounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe financial statements or if such disclosures are inadequate to modify our opinion.Our conclusions are based on the audit evidence obtained up to the date of our auditor'sreport. However future events or conditions may cause the Company to cease to continue asa going concern.

• Evaluate the overall presentation structure and content of the financialstatements including the disclosures and whether the financial statements represent theunderlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the financial statements thatindividually or in aggregate makes it probable that the economic decisions of areasonably knowledgeable user of the financial statements may be influenced. We considerquantitative materiality and qualitative factors in (i) planning the scope of our auditwork and in evaluating the results of our work; and (ii) to evaluate the effect of anyidentified misstatements in the financial statements.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the financial statements of thecurrent period and are therefore the key audit matters. We describe these matters in ourauditor's report unless law or regulation precludes public disclosure about the matter orwhen in extremely rare circumstances we determine that a matter should not becommunicated in our report because the adverse consequences of doing so would reasonablybe expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016 ("theOrder") issued by the Central Government of India in terms of Section 143(11) of theAct we give in "Annexure A" a statement on the matters specified in paragraphs3 and 4 of the Order.

2. As required by Section 143(3) of the Act based on our audit we report that:

a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit of the aforesaidfinancial statements;

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books;

c) The balance sheet the statement of profit and loss including other comprehensiveincome the statement of cash flows and statement of changes in equity dealt with by thisReport are in agreement with the books of account;

d) In our opinion the aforesaid standalone financial statements comply with theAccounting Standards specified under section 133 of the Act read with the Companies(Indian Accounting Standards) Rules 2015 as amended thereof;

e) On the basis of the written representations received from the directors as on March31 2019 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2019 from being appointed as a director in terms of Section 164 (2) of theAct; 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". Our report expresses an unmodified opinion onthe adequacy and operating effectiveness of the Company's internal financial controls overfinancial reporting;

g) With respect to the other matters to be included in the Auditor's Report inaccordance with the requirements of section 197(16) of the Act as amended:

In our opinion and to the best of our information and according to the explanationsgiven to us the remuneration paid by the Company to its directors during the year is inaccordance with the provisions of section 197 of the Act; and

h) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 as amended inour opinion and to the best of our information and according to the explanations given tous:

i. The Company has disclosed the impact of pending litigations as at March 31 2019 onits financial position in its financial statements – Refer Note 40 41 and 42 to thefinancial statements;

ii. The Company has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any on long-term contracts includingderivative contracts; and

iii. There has been no delay in transferring amounts required to be transferred to theInvestor Education and Protection Fund by the Company during the year ended March 312019.

For NSBP & CO.
Chartered Accountants
Firm's Registration No. 001075N
Deepak K. Aggarwal
Place: Mumbai Partner
Date: May 23 2019 Membership No: 095541

"AnnexureA" to the Independent Auditor's Report to the members of DwarikeshSugar Industries Limited on its financial statements dated May 23 2019

Report on the matters speci_ed in paragraph 3 of the Companies (Auditor's Report)Order 2016 ("the Order") issued by the Central Government of India in terms ofsection 143(11) of the Companies Act 2013 ("the Act") as referred to inparagraph 1 of ‘Report on Other Legal and Regulatory Requirements' section

(i) (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

(b) The fixed assets are physically verified by the management according to a phasedprogram designed to cover all the items over a period of three years which in ouropinion is reasonable having regard to the size of the Company and the nature of itsassets. Pursuant to the program the fixed assets have been physically verified by themanagement during the year and no material discrepancies were noticed on suchverification discrepancies have duly been adjusted in the financials.

(c) According to the information and explanation given to us and on the basis of ourexamination of the records of the Company the title deed of immovable properties is heldin the name of the Company.

(ii) In our opinion and according to the information and explanations given to us theprocedures of physical verification of inventories followed by the management arereasonable and adequate in relation to the size of the Company and the nature of itsbusiness. The discrepancies noticed on verification between the physical stocks and thebook records were not material and have been properly dealt with in the books of account.

(iii) The Company has not granted any loans secured or unsecured to companies firmslimited liability partnership or other parties covered in the registered maintained undersection 189 of the Act. Accordingly clauses 3 (iii) (a) to (c) of the Order are notapplicable.

(iv) As per the information and explanation given to us and on the basis of ourexamination of the records the Company has complied with provision of section 185 and 186of the Act with respect to the loans and investment made.

(v) In our opinion and according to explanation given to us As the Company has notaccepted deposits as per directives issued by the Reserve Bank of India and provisions ofsections 73 to 76 or any other provisions of the Companies Act and rules framed thereunder.

(vi) We have broadly reviewed the books of account relating to materials labour andother items of cost maintained by the Company as specified by the Central Government ofIndia under section 148(1) of the Act and are of the opinion that prima facie theprescribed accounts and records have been made and maintained. We have not however madea detailed examination of the records with a view to determine whether they are accurateand complete.

(vii) (a) According to the information and explanations given to us and the records ofthe Company examined by us in our opinion the Company is generally regular in depositingundisputed statutory dues in respect of provident fund income tax sales tax servicetax customs duty excise duty Value added tax goods & service tax cess and othermaterial statutory dues as applicable with the appropriate authorities. Employees' stateinsurance is not applicable on the Company. Further there were no undisputed amountsoutstanding at the year-end for a period of more than six months from the date they becamepayable.

(b) According to the information and explanations given to us and as per the books andrecords examined by us there are no dues of Custom Duty Income Tax Goods & ServiceTax and Cess which have not been deposited on account of any dispute except the followingin respect of disputed Excise Duty Service Tax and Sales Tax along with the forum wheredispute is pending:

Name of the statue Nature of dues Amount (Rs. in Lakhs) Period to which the amount pertains Forum where dispute is pending
Central Excise Act 1944 Excise duty and penalty 154.01 Jan-05 to Dec-05 June-07 to Nov -07 Jun-07 to Aug-08 March 09 CESTAT Mumbai
Central Excise Act 1944 Excise duty and penalty 15.02 Jun-05 to Mar-06 Apr-06 to Dec-06Jan-07 to Feb-0701- 03-2007Jun-07 to Aug-08Nov-07 to Aug-08Jan-08 to Dec-08Jan-07 to Oct-07 AC/DC
Finance Act 1994 Service Tax 3.25 Jun-05 to Mar-06 Apr-06 to Dec-06Jan-07 to Feb-0701- 03-2007Jun-07 to Aug-08Nov-07 to Aug-08Jan-08 to Dec-08Jan-07 to Oct-07 AC/DC
Finance Act 1994 Service Tax 3.48 Oct-09 to Mar-10 Feb-09 to Sep-09 Commissioner (Appeals) Meerut
Central Excise Act 1944 Excise duty 29.42 Jan-07 to Oct-07March 07Apr-17 to Jun-17Nov-07 to Aug-08Apr-11 to Dec-11Oct-10 to Mar-11 Apr-10 to Sep-10 Apr-09 to Sep-09 Nov-07 to Dec-07Jan-16 to Dec-16 Nov-16 to Dec-16Apr-16 to Mar-17Apr-16 to Mar-17Jan-17 to Jun-17 Oct-09 to Mar-10 Feb-09 to Sep- 09Apl-07 to Dec-07 Commissioner (Appeals) Meerut
Central Excise Act 1944 Excise duty 1.21 Jun-05 to Mar-06 Transfer to AC/DC from CESTAT Delhi
Central Excise Act 1944 Excise duty 10.79 Oct-09 to Aug-14 Jul-15 to May-16 Sep-14 to Jun-15 CESTAT Allahabad
Finance Act 1994 Service Tax duty and penalty 3.06 Oct-09 to Aug-14 Jul-15 to May-16 Sep-14 to Jun-15 CESTAT Allahabad
UP VAT Act VAT on Molasses 14.57 2016-17 Additional Commissioner (Appeal) Bijnor (UP)

* Net of amounts paid under protest.

(viii) According to the information and explanations given to us and as per the booksand records examined by us the Company has not defaulted in repayments of its dues toGovernments banks and financial institution. The Company does not have any debenture.

(ix) According to the information and explanations given by the management the Companyhas not raised any monies by way of initial public offer or further public offer duringthe financial year and the terms loans raised by the Company have been applied for thepurpose for which they are obtained. Where such end use has been stipulated by thelender(s).

(x) In our opinion and on the basis of information and explanations given to us nocases of fraud by the Company or fraud on the Company by its officers or employees hasbeen noticed or reported during the year.

(xi) According to the information and explanations given to us the managerialremuneration has been paid and provided in accordance with the requisite approvals asmandated by the provisions of section 197 read with Schedule V to the Act.

(xii) As the Company is not a Nidhi Company hence clause (xii) of the Order is notapplicable to the Company.

(xiii) According to the information and explanations given to us all transactions withthe related parties are in compliance with sections 177 and 188 of Act as applicable andthe details have been disclosed in these financial statements as required by theapplicable accounting standards.

(xiv) According to the information and explanations given to us and on an overallexamination of the balance sheet the Company has not made any preferential allotment orprivate placement of shares or fully or partly convertible debentures during the yearunder review and hence reporting requirements under clause 3(xiv) are not applicable tothe Company and not commented upon.

(xv) In our opinion and on the basis of information and explanations given to us theCompany has not entered into non-cash transactions with directors and persons connectedwith him. Hence the provisions of section 192 of Act are not applicable.

(xvi) In our opinion and on the basis of information and explanations given to us theCompany is not required to be registered under section 45-IA of the Reserve Bank of IndiaAct 1934.

For NSBP & CO.
Chartered Accountants
Firm's Registration No. 001075N
Deepak K. Aggarwal
Place: Mumbai Partner
Date: May 23 2019 Membership No: 095541

"Annexure B " to the Independent Auditor's Report to the members of DwarikeshSugar Industries Limited on its financial statement dated May 23 2019.

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 ("the Act") as referred to in paragraph 1(f) of‘Report on Other Legal and Regulatory Requirements' section

We have audited the internal financial controls over financial reporting of DwarikeshSugar Industries Limited ("the Company") as of March 31 2019 in conjunctionwith our audit of the Ind AS financial statements of the Company for the year ended onthat date.

Management's Responsibility for Internal Financial Controls

The Board of Directors of the Company is responsible for establishing and maintaininginternal financial controls based on the internal control over financial reportingcriteria established by the Company considering the essential components of internalcontrol stated in the "Guidance Note on Audit of Internal Financial Controls OverFinancial Reporting issued by the Institute of Chartered Accountants of India". Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to the Company's policies the safeguardingof its assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Act.

Auditors' 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 accordance with the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting (the "Guidance Note") and theStandards on Auditing as specified under section 143(10) of the Act to the extentapplicable to an audit of internal financial controls both applicable to an audit ofInternal Financial Controls and both issued by the Institute of Chartered Accountants ofIndia. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

An audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness.

Our audit of internal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selecteddepend on the auditor's judgement including the assessment of the risks of materialmisstatement 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 Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A Companys' 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 Companys' internal financial control over financialreporting includes those policies and procedures that:

a) pertain to the maintenance of records that in reasonable detail accurately andfairly reflect the transactions and dispositions of the assets of the Company;

b) provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the Company are being made only inaccordance with authorizations of management and directors of the Company; and

c) 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 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 to the best of our information and according to the explanations givento us the Company has in all material respects an adequate internal financial controlssystem over financial reporting and such internal financial controls over financialreporting were operating effectively as at March 31 2019 based on "the internalcontrol over financial reporting criteria established by the Company considering theessential components of internal control stated in the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India"

For NSBP & CO.
Chartered Accountants
Firm's Registration No. 001075N
Deepak K. Aggarwal
Place: Mumbai Partner
Date: May 23 2019 Membership No: 095541


Notice: Undefined variable: mediaAbsUrl in /usr2/unibs/application/modules/live-market/controllers/CompanyController.php on line 6061