We have audited the standalone financial statements of Veerhealth Care Limited ("the Company"), whichcomprise the balance sheet as at 31st March 2024, and the statement of Profit and Loss, statement ofchanges in equity and statement of cash flows for the year then ended, and notes to the financialstatements, 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, theaforesaid standalone financial statements give the information required by the Act in the manner sorequired and give a true and fair view in conformity with the Ind AS and other accounting principlesgenerally accepted in India, of the state of affairs of the Company as at March 31, 2024, and profit, totalcomprehensive income, changes in equity and its cash flows for the year ended on that date.
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described inthe Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We areindependent of the Company in accordance with the Code of Ethics issued by the Institute of CharteredAccountants of India together with the ethical requirements that are relevant to our audit of the financialstatements under the provisions of the Companies Act, 2013 and the Rules there under, and we havefulfilled our other 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 forour opinion.
Key audit matters are those matters that, in our professional judgment, were of most significance in ouraudit of the financial statements of the current period. There are no key audit matters to communicate.
There are no any matters, which require reporting under this head.
The Company's Board of Directors is responsible for the matters stated in section 134(5) of the CompaniesAct, 2013 ("the Act") with respect to the preparation of these standalone financial statements that give atrue and fair view of the financial position, financial performance, changes in equity and cash flows of theCompany in accordance with the accounting principles generally accepted in India, including theaccounting Standards specified under section 133 of the Act. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Act forsafeguarding of the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate implementation and maintenance of accountingpolicies; making judgments and estimates that are reasonable and prudent; and design, implementationand maintenance of adequate internal financial controls, that were operating effectively for ensuring theaccuracy and completeness of the accounting records, relevant to the preparation and presentation of thefinancial statement that give a true and fair view and are free from material misstatement, whether due tofraud or error.
In preparing the financial statements, management is responsible for assessing the Company's ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using thegoing concern basis of accounting unless management either intends to liquidate the Company or tocease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company's financial reporting process.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole arefree from material misstatement, whether due to fraud or error, and to issue an auditor's report thatincludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that anaudit conducted in accordance with SAs will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to influence the economic decisions of users taken on thebasis of these financial statements.
There are no any other matters, which need reporting here.
As required by the Companies (Auditor's Report) Order, 2020 ("the Order"), issued by the CentralGovernment of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the"Annexure B" a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extentapplicable.
Based on our examination, the company, has used tally accounting software for maintaining its books ofaccount which has a feature of recording audit trail (edit log) facility except in respect of maintenance offixed asset records which is maintained on excel wherein they did not have the audit trail featureenabled. Further, the audit trail facility has been operating throughout the year for all relevanttransactions recorded in the software. Further, during the course of our audit we did not come across anyinstance of audit trail feature being tampered with.
(a) We have sought and obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far asit appears from our examination of those books.
(c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by thisReport are in agreement with the books of account.
(d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standardsspecified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
(e) On the basis of the written representations received from the directors as on 31st March, 2024 taken onrecord by the Board of Directors, none of the directors is disqualified as on 31st March, 2024 from beingappointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Companyand the operating effectiveness of such controls, refer to our separate Report in "Annexure A".
(g) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 ofthe Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information andaccording to the explanations given to us:
i. The Company does not have any pending litigations which can impact its financial position.;
ii. the Company did not have any long-term contracts including derivative contracts for which therewere any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the InvestorEducation and Protection Fund by the Company.
Chartered AccountantsFirm Registration No. 104182W
Jayesh Shah
Proprietor
Membership No. 033864UDIN: 24033864BKEYHU6991