Auditors' Report on the Abridged Standalone Financial Statements
To the Members of AI Champdany Industries Limited
The accompanying abridged Standalone financial statements, which comprise the abridged Standalone Balance Sheet as at March 31,2018, the abridged Standalone statement of Profit & Loss and abridged Standalone Cash Flow statement for the year then ended, and related notes, are derived from the audited Standalone financial statements of AI Champdany Industries Limited for the year ended March 31,2018. Those financial statements, and the abridged Standalone financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on those Standalone financial statements. The abridged Standalone financial statements do not contain all the disclosures required by the Accounting Standards referred to in section 133 of the Companies Act,2013("the Act")read with rule 7 of the Companies (Accounts) Rules 2014[applied in the preparation of the audited Standalone financial statements of AI Champdany Industries Limited]. Reading the abridged Standalone financial statements, therefore, is not a substitute for reading the audited Standalone financial statements of AI Champdany Industries Limited.
2. Management's Responsibility for the Abridged Financial Statements
Management is responsible for the preparation of the audited Standalone financial statements in accordance with Accounting Standards referred to in section 133 of the Companies Act,2013("the Act") and accounting principles generally accepted in India.
3. Auditor's Responsibility
Our responsibility is to express an opinion on the abridged Standalone financial statements based on our procedures, which were conducted in accordance with the Standard on Auditing (SA) 810 "Engagements to Report on Abridged Financial Statements "issued by the Institute of Chartered Accountants of India.
4. Opinion
In our opinion the abridged Standalone financial statements derived from the audited Standalone financial statements of AI Champdany Industries Limited for the year ended March 31,2018 are fair summary of those Standalone financial statements, in accordance with Accounting Standards referred to in of section 133of the Companies Act ,2013("the Act)and accounting principles generally accepted in India.
For G. Basu & Co.
Chartered Accountants
R.No.-301174E
G. GUHA
Partner
M.No.-054702
Place: Kolkata
Date: 12th June, 2018
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