THE MEMBERS OF ZENITH HEALTHCARE LIMITED
Report on the Financial Statements
1.We have audited the accompanying standalone financial statements of ZENITHHEALTHCARE LTD ("the Company") which comprise the Balance Sheet as at March31 2019 and the Statement of Profit and Loss (including other Comprehensive Income)Cash Flow Statement and the statement of Changes in Equity for the year ended and asummary of significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
2.The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese standalone Ind AS financial statements that give a true and fair view of thefinancial position financial performance (including other comprehensive income)cashflows and changes in equity of the Company in accordance with the accounting principlesgenerally accepted in India including the Indian Accounting Standards specified in theCompanies (Indian Accounting Standards) Rules 2015 (as amended) under Section 133 of theAct. 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.
3.Our responsibility is to express an opinion on these standalone Ind AS financialstatements based on our audit.
4.We have taken into account the provisions of the Act and Rules made thereunderincluding the accounting and auditing standards and matters which are required to beincluded in the audit report under the provisions of the Act and the rules made thereunder.
5.We conducted our audit of standalone Ind AS Financial Statements in accordance withthe Standards on Auditing specified under Section 143(10) of the Act and otherauthoritative pronouncements issued by the Institute of Chartered Accountants of India.Those Standards and pronouncements require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether the standalone IndAS financial statements are free from material misstatement.
6.An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the standalone Ind AS financial statements. The procedures selecteddepend on the auditor's judgment including the assessment of the risks of materialmisstatement of the standalone Ind AS financial statements whether due to fraud or error.In making those risk assessments the auditor considers internal financial controlrelevant to the Company's preparation of the standalone Ind AS financial statements thatgive a true and fair view in order to design audit procedures that are appropriate in thecircumstances but not for the purpose of expressing an opinion on whether the Company hasin place an adequate internal financial controls system over financial reporting and theoperating effectiveness of such controls. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accountingestimates made by the Company's Board of Directors as well as evaluating the overallpresentation of the standalone Ind AS financial statements.
7.We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the standalone Ind AS financial statements.
8.In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone Ind AS financial statements give the informationrequired by the Act in the manner so required and give a true and fair view in conformitywith the accounting principles generally accepted in India of the state of affairs of theCompany as at March 31 2019 and of the Statement of Profit and Loss of the profit(including other comprehensive income) for the year ended on that date; and of the CashFlow Statement of the cash flows and changes in equity for the year ended on that date.
Report on Other Legal and Regulatory Requirements
9.As required by the Companies (Auditor's Report) Order 2016 ("the order")issued by the Central Government of India in terms of Section 143 (11) of the Act and onthe basis of such checks of the books and records of the Company as we consideredappropriate and according to the information and explanation given to us we give in the Annexure-Aa statement on the matters specified in paragraph 3 and paragraph 4 of the Order to theextent applicable.
10. As required by Section 143(3) of the Act 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 purpose of our audit.
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 Profit and Loss (including other comprehensiveincome) the Cash Flow Statement and the Statement of Changes in Equity dealt with by thisReport are in agreement with the books of account.
d. In our opinion the aforesaid standalone Ind AS financial statements comply with theIndian Accounting Standards specified under Section 133 of the Act.
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 31.03.2019 from being appointed as director in terms of Section 164(2) of the Act.
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 unmodifiedopinion on the adequacy and operating effectiveness of the Company's internal financialcontrols over financial reporting.
g. 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 in our opinionand to the best of our information and according to the explanations given to us:
i. The company has not any pending litigations on its financial position in itsstandalone Ind AS financial statements.
ii. In our opinion and as per the information and explanations provided to us theCompany has not entered into any long term contracts including derivative contractsrequiring provisions under the applicable law or Accounting Standards for materialforeseeable losses and
iii. There has not been any occasion during the year under report to transfer any sumsto the Investor Education and Protection Fund and thus the question of delay intransferring such sums does not arise.
| ||For A.R. Pandhi & Associates. |
| ||Chartered Accountants |
| ||Firm No. 118057 W |
| ||[Ajay R. Pandhi] |
|PLACE : AHMEDABAD ||Proprietor |
|DATE : 30.05.2019 ||Membership No. 102616 |