6A, CLIVE ROW STH FLOOR, R.N. 6/44 INGH AMAR & CO. KOLKATA-700 001 CHARTERED ACCOUNTANTS: Phone : 2243 4642 $< OOOO INDEPENDENT AUDITORS’ REPORT To the Members of Godavari Niwas Private Lirnited REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS, Qualified Opinion ‘We have audited the financial statements of Godavari Niwas Private Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2019, and the Statement of Profit and Loss for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information. In our opinion and to the best of our information and according to the explanations given to us, except of the matter described in the Basts for Qualified Opinion section of our report, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the sta of affairs of ‘the Company as at March 31, 2019, and its profit for the year ended on that date. Basis for Qualified Opinion Company has not shown any turnover in GST return, however turnover of € 76,22,800/- shown in books of accounts, accordingly GST on such tumover, less input tax credit (if any) not shown/paid by the company, Had the impact of above qualificition been considered, total profit for the year ended 31" March, 2019 ‘would have been reduced by uncertain amount of interest on GST; penalty, if any imposed by GST Department, overstatement of net worth as on 31* March, 2019 by such uncertain amount of interest and penalty, if aay imposed by GST Department, understatement Current liabilities by GST on such tumover less input tax credit (if any), uncertain amount of interest and penalty, if any imposed by GST | Department. ‘We have conducted our audit of the financial statements in accordance with Standards on Auditing (SAs), as specified under section 143(10) of the Act Our responsibilities under those Standards are further described in the ‘Auditor's Responsibilities for the Audit of the Financial Statements’ section of our report. We are independent of the Company in accordance with the ‘Code of Ethics" issued by the Institute of Chartered Accountants of India together with ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our ethical responsibilities in accordance ‘with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements. Other Information ‘The Company's Board of comprises the information tors is responsible for other information. The other information the Director's Report along with its Annexures and Financial Highlights, but does not include the financial statements and our auditor's report thereon. i Our opinion on the Financial Statements does not cover, formation and we do not express any form of assurance conclusion thereon. -In connection with our audit of the Financial Statenients, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the audit or otherwise appears to ‘be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we'are required to report that fact, ‘We have nothing to report in this regard. Responsibility of Management for the Financial Statements The Company’s Board of Directors is responsible for matters stated in Section 134(5) of the ‘Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give atrue and fair view of the financial position, financial performance of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other imegularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; design, implementation and maintenance of adequate internal controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Financial Statements, management is responsible for assessing the Company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. ‘ The Board of Directors is also responsible for overseeing the Company’s financial reporting process. Auditor's Respo ies for The Audit of Financial Statements Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted’in accordance with SAs will always detect a material misstatement when it exists, Migstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economie decisions of users taken on the basis of these Financial Statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the Financial Statements, ‘whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as wolve collusion, forgery, peer contral. % intentional omissions, misrepresentations, or as© Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, Under section 143(3)()) of the Act, we are also responsible for expressing our opinion on whether the company has adequate Internal Financial Controls with reference to one Financial Statems in place and the operating effectiveness of such controls. ‘+ Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. + Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern, If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the one 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's report. However, future events or conditions may cause the Company to cease to continue as a going concern. * Evaluate the overall presentation, structure and content of the one Financial Statements, including the disclosures, and whether the one Financial Statement represents the underlying transactions and events in a manner that achieves fair presentation. We. communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Report on Other Legal and Regulatory Requirements ‘As required by the Companies (Auditor's Report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, is not applicable on the company since it fulfills all the following conditions. a) A private company which is not holding or subsidiary company of a public company, and b) A private company having a paid up capital and reserve and surplus not more than € 1 crore as on “the balance sheet date, and ©) A private company which does not have total borrowing exceeding ® 1 crore from any bank and financial institution at any point of time during the financial year, and 4) A private company which does not have total revenue exceeding € 10 crore during the financial year. ‘As required by Section 143(3) ofthe Act, we report that: We have sought and obtained all the information and exp belief were necessary for the purposes of our audita) ») In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books. ‘The Balance Sheet, and the Statement of Profit. and Loss dealt with by this Report are in agreement with the books of account. In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014, (On the basis of the written representations received from the directors as on March 31, 2019 taken ‘on record by the Board of Directors, none of the directors is disqualified as on March 31, 2019 from being appointed as a director in terms of Section 164(2) of the Act. ‘With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our {nformationt and according to the explanations given to us: (The Company does not have any pending litigations which would impact its financial position, Gi) The Company did not have any long-term contracts including derivative contracts for ‘which there were any material foreseeable losses. (iil) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. For Singh amar & Co. Chartered Accountants Finny Proprietor) ‘Membership Number: 057770 Place: Kolkata Date: 29/06/2019Particulars GODAVARI NIWAS PRIVATE LIMITED BALANCE SHEET AS AT 31ST MARCH, 2019 Note Asat Asat 31" March' 2019 | 31" March’ 2018 [EQUITY AND LIABILITIES: y ders! (@) Share capital (©) Reserves and surplus 2|Share aj ion m¢ all 3)Non-current liabilities (a) Deferred Tax liability 4|Current liabilities (@ Short-term borrowings (b) Trade Payable (© Other current liabilities (©) Short-term provisions |ASSETS; |Non-current assets (@) Fixed assets i) Tangible Assets (0) Deferred Tax Asset |Current assets (@) Inventories (b) Cesh and cash equivalents (©) Short-terin loans and advances statements fin terms of our report attached, [See accompanying notes forming part of the financial 113.00 113.00 / 82,99,000.00 49,28,000.00 18,13,664.28 19,37,468.00 40,96,502.00 24,21,502.00 60,600.00 1,42, 69,766.28 1,32,90,715.23 <5 3,53,448.00 9 1,12,35,200.00 69,85,200.00 10 1,49,804,23 $6,731.75, ay 15,52,717.00. 8,02,746.00 1,32,90,715.23, TOTAL For and on behalf of the Board of DirectorsGODAVARI NIWAS PRIVATE LIMITED STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31ST MARCH, 2019 Particulars For the year ended 31" Mareh, 2019) Bs__Ey [Revenue from operations |Other Income [Total Revenue (1+2) nse Jchanges in stock ~~ Cost of Material Consumed [Depreciation and amortization expense, ~ Emplyee Benefit Expenses |Other Expenses Total Expenses [Profit Before prior period item Prior period item [Profit after P.P.1. But before exceptional and extraordinary items and tax (5-6) Hexcep tional Items Profit before extraordinary items and tax (7-8) Extraordinary Items Profit before tax (9-10) \Tax Expenses: ci) Current tax (i) Current tax expense relating to prior years ii) Deferred Tax Profit (Loss) for the period from continuing operations (11-12)) |Profiv Loss) from discontinuing operations Tax expense of discontinuing operations Profit (Loss) from Discontinuing Operatons (after tax)(14-15) Profi: (Loss) for the period aruings per cquity share : Q) Basic & Diluted ‘See accompanying notes to the financial statements in terms oF cur report attached. For, SINGH AMAR & ICharicred Account (AM. AR SINGH) M.NO.037779 piace : Kotlata Date: 76,22,800.00 [sees 76,22,800.00 (42,50,000.00)/_(40,48,680.00) - 33,36,633.00 454.00 381.00 5,82,000.00 5,36,090.00 23,48,051.25 | 21,72,585.25 | 189,167.20 1,89,167.20 1,89,167.20 55,600.00, 241.7 1,33,326.03 181 For and on behalf of the Board of Directors Ry Kumar Sengh Rajkumar Singh, Director] IN: 03378064) Sol \eurrner ‘Santosh Kumar Singh, Dire IN; 011a OE TE ey Se ‘NOULA:SIARECAMTAL: ‘Antborse 10.000 Egy Stars oF Rs. 1 ch ——10100,00.00 ___10,90,000.00 APY. 199,000 Egity Stars of Rs 10i-each) —nee 16, oud Sunred rast 73,700 uly Stas f R10 cach fly pid win cash 137,000.09 737,000.00 (X= 73,700 Bay Shea, 1A ly pop in ca) 77,000.00, 737,000.00 at SENR SOE NecofShares | Ye held ws 3s 2035 2035 Equity shares at the bewinning of the year 73,700 73,700 1 £3 Ss eel ne Yur ° : ae Sara Crcstet, " 3 py art end of yar = aa OTL 2:NESURVEA SURPLUS: ‘SouePuenua Rocce fats zopo000, __ 370.0000 2, 70,000.00 270,000.00 | Prof La Ast tape 25200500) arsecoy AdkrPete (am sree = i3ss26m) Gi sons) preenreeprinciy e si Adds Reisin Tuten ‘ 2535100 | Baa) —aisune | SLs, ston, | “Uns ean Ka Sngh 22000 mgm Sain Sagh ‘eae Sanaa Paid 82500000 tgsnneoe feta sgh perro ‘age From Ot - ‘ ap asst ‘Be aah . arse Soe Yee snp ‘ean ian mannan \aneoce Bile 1Saebo00 ‘are Sunt ‘oe ‘zo aa Conon Sitomec0 1axsooee Ste ara ue sasunas ‘nase Set ack 1ssomon simsio0. Nace Sion tase Fash yok St3e00 SP Base sanass00 tes Ts Phe : 0423000 Tae —— aaa GODAVARI NIVAS (P.) LTD. GODAVARI NIVAS (P.) LTD. DIRECTOR, DIRECTOR,‘one. cunnest cums ‘Aho ft ste Say Pate Sie. Ganesh Sm Laxmi Directors Remuneration Paysie: “Santosh Sigh Avance Receive From Parties Bhushan (HUF) De. Asish Minar She 1 ‘opal harms Shop Nas ‘Kaus Oyen Lata Devi Ageval & Usb Aparna ‘Nempara Mis cop-6) iam Paniey Om Pata Arve (On Prakash a Paka Mit a Kamae Gop Deyasen Provo fr imome Tax Provision fr Legal Charges Tangible Asses (Denia perannexure) Opening Balance OF Pervious Year ‘Ad Tax On Timing Dilleencs OF Previous year ‘Adi: Taxon Timing Diixence for Curet Year ‘Tansfered to Defered Tax Lables NOTE-2c1WVENTORIES: (As tke valved & certied by the Direirs) Valued at estimate cost ‘Work in Progress ‘Cash in hand (As Ceres by the Diets) nsament Account GODAVARI NIVAS (2) 470, Reg Ksermay Sangh. DIRECTOR. 990000 1000000 : ‘2.00000 100 100 190 100 : 7000.0 220000000 20npo000 2 51190000, 1.2520000 ‘rsa00.00 100.00 "7500000 314.5000 3430000, 1.490000 1.740000, 2090000, 20.0000 ‘r3a00.00 12500000, 1750000 17500000 17500000, 1.75e00.09 ‘$5600.00 7400 5,000.00, 5000.0 Gam. 374.0 352,994.00, 3344.09 sias | 37 ’ 2631 Ted 44123520000 ___ 698520000 2 71233520000 5520.00 ) asia 2000 4.00875, 124si75 ewer 573175 GODAVARI NWVAS (PLT j Sontath Neurnes Gigh DIRECTOR,‘(Unsecare, Cosiered Good) (Admacereeoverbie in ash orn ‘kind or alt t be resid) Advance to Land Lord (For Joint Ventre) ‘Aus Kami Bitar ‘nant Des ‘vikBhachane Susie Bhacachins ab on Stel MAT Credit Entement GODAVARI NIVAS. (P) LTD, GODAVARI NIVAS (P.) LTD. Raf esvrntrr Sing Somtbeh leumsr Gangh bieeror. DIRECTOR,(As taken valued & certified by the Ditectors) opening stock Valued at estimated cost Work in Progress. ‘Depreciation (See Annexure 6) Directors Remuneration + Satosh Singh Salary ‘Accounting Charges ‘Autor Remunartion Bank Charges Filing Fees Legal & Professional Pees Power & Fuel ‘Corporation charges Electrical Works < Labour charges Lifting & Shiting Charges Rent for Land Lord halal work DPR expenses Tools & Equipment Brick work Earth work ard ware work ‘Lobour charges for structure dimoliton Land revenue charges Sanatory Items Brokerages Plot and colours Grill and gates Door Frea Other Material Purcheses pipe work Professional fes for engineering works Donation Marble and Tiles PTax ‘Travelling Expenses Sanction fees ‘Trade licence GODAVARI NIVAS (P LTO. DIRECTOR, .69,85,200.00 1,1235,200.00 (2.50,000.00) 454.00 ois mee el ———_ 342,000.00 2.40,000.00, St 24,000.00 10,000.00 + 16,586.00, 6,300.00, 10,000.00 1,02,132.00 41,10,000.00, 2,50,000.00, 13,91,507.00 217,700.00 1,26,800.00 27.98,526.00 3,75,000.00 2,300.00 4,26,000.00 2,50,000.00 47,635.00 45,000.00 84,600.00 4,80,163.00 40,000.00 1.89.400.00 8.12,637.00 216,773.00 1,99,545.80 96,300.00 88,000.00 29,000.00 767,354.00 2,500.00 30,000.00 1849,570.00 ‘GODAVARI NIVAS (P.) LTD. 29.36,520.00 (68,85:200.00) (40.48, 680.00 581.00 0 —_at 342,000.00 194,000.00 0.00, 24,000.00 10,000.00, 1,246.25 5,000.00 105,368.00 2,46,588.00 824,000.00 90,755.00 1,26,800.00 52,684.00 641,000.00 35,200.00 1,20,000.00, Sanlh learner Qui’ DIRECTOR,ee acre ncorported on the 26th day of Jus, 1953, is engaged inthe busine of cosrction of SORT Ela & Buildings, The Regintered Offic o the compary i lcated 4, Gopinath C Lane, Roweeh sien ‘The present directors ofthe company Fined asset, are carried at cost ese aceumuloted deprecation 27 Taxes on income 1a During the year ended 31,03. - ole he ae Sead fred aw cp in Semen of Pt an Ls, xt when hyn ome a we dre cl a amo ety a i,k wich ct, caret nd ered eas sping no aaa 28 Interns of our report attache GODAVARI NIVAS (P.) LTD. GODAVARI NIVAS (P.) LTE Raj Kumar Sengh SomlOuk. evra Quiph DIRECTOR. DIRECTOR.‘GODAVARI NIVAS (P.) LTD. GODAVARI NIVAS (P79, Raj kunorer Soop Saleh, \owmer Legh DIRECTOR. omeeron"woLoawia wOLORuIO easy Bers rmecoy Py “ann ('d) Svan revayaos Ee “a1 -d) SvAIN tuvavaoo OOEeres’e | OOTED = oores'ese Te304] 00's 00'Ly : oo'ere %St en Aijoas| oo'sor’z oo'zse - oorees’z %ST oulupeN JovesaiA| ove 007 ; oo" %or seynduieo| o0'000'rs’e - ~ 00'000'1s'e : pue}| fd__ 75 fa “SH fase fa! sy 6T-eW-TE NOLLVE St-idv-to | NOLiviosudaa | Suvinotluvad NO SV -Oaudaza | (sNorLonaaa) NO SV 40 31va NOM sNoLLIGaay NOM aleGODAV: RIVA CIN: 070101 WB1995PTCO73148. 4 GOPINATH CHONGDER LANE HOWRAH =711 101 AACCGI2774, AY. 2019-20 Pyt, Ltd, Company BY. 2018-19 26-Jul-95 Statement of Computation of Taxable Income Amount INCOME FROM BUSINESS / PROFESSION Net Profit/ (Loss) as per Profit & Loss Account 189,167 ‘Add : Depreciation as per Companies Act 454 ‘ 7,89,621 ‘Less : Depreciation as per Income Tax Act 431 Gross Total Income 1,89,190 Net Total Income 1,89,190, ‘Tax on Total Income @ 25% 47,298 Add: Education cess @ 4% 1,892 . 49,189 Adds Interest w/s 234 6,405 35,594 RO. 35,590 Less: Self Assesment Tax Paid 35,600 (0.007 GODAVARI NIVAS {P.) LTO. GODAVARI NIVAS (P.) LTD. Ray hewmar songh Soolbh armor Ligh DIRECTOR. DIRECTOR.