Ind-Agiv Commerce Ltd. — Audit Report / Information 2024

Oct 21, 2024

==> picture [122 x 43] intentionally omitted <==

IND-AGIV COMMERCE LTD

To, The Listing Officer BSE Ltd Mumbai.

Sub: Management Declaration standalone financials as 0n 31/03/2024

Dear Sir/Madam,

Pursuant to the SEBI Notification No SEBI/ LAD-NRO/GN2016-17/001 Dated May 26th, 2016 and Circular No CIR/CFD/CMD/56/2016 Dated May 27, 2016 issued by the Securities& Exchange Board of India (SEBI) on Disclosure of the Impact of Audit qualifications by the Listed Entities prescribed in Schedule VII read with Regulation 33 and Regulation 52 of SEBI (LODR), (Amendment), Regulations, 2016. We submit here with enclosed statement on impact of Audit Qualifications for the financial result of the company March 31st, 2024.

You are requested to take it on record.

Lalit Chouhan Managing Director 09/08/2024 (DIN: 00081816)

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results - (Standalone).

Statement on Impact of AuditQualifications for the satnd Alone Financial Year ended March 31,2024 [See Regulation 33/52 of the SEBI(LODR) (Amendment)Regulations,2016) (Rs in Lacs) S.No. Particulars Audited Figures Audited Figures (as reported before(as reported after adjustingfor adjustingfor qualifications qualifications 1 Turnover/Total Incoome 838 838 2 Total Expenditure 1150 1150 3 Net Profit/Losss -312 -312 4 EarningPer Share -31.21 -31.21 5 Total Assets 3007 3007 6 Total Liabilities 3450 3450 7 Net wort Item -443 -443 8 Anyother items	Statement on Impact of AuditQualifications for the satnd Alone Financial Year ended March 31,2024 [See Regulation 33/52 of the SEBI(LODR) (Amendment)Regulations,2016) (Rs in Lacs) S.No. Particulars Audited Figures Audited Figures (as reported before(as reported after adjustingfor adjustingfor qualifications qualifications 1 Turnover/Total Incoome 838 838 2 Total Expenditure 1150 1150 3 Net Profit/Losss -312 -312 4 EarningPer Share -31.21 -31.21 5 Total Assets 3007 3007 6 Total Liabilities 3450 3450 7 Net wort Item -443 -443 8 Anyother items	Statement on Impact of AuditQualifications for the satnd Alone Financial Year ended March 31,2024 [See Regulation 33/52 of the SEBI(LODR) (Amendment)Regulations,2016) (Rs in Lacs) S.No. Particulars Audited Figures Audited Figures (as reported before(as reported after adjustingfor adjustingfor qualifications qualifications 1 Turnover/Total Incoome 838 838 2 Total Expenditure 1150 1150 3 Net Profit/Losss -312 -312 4 EarningPer Share -31.21 -31.21 5 Total Assets 3007 3007 6 Total Liabilities 3450 3450 7 Net wort Item -443 -443 8 Anyother items	Statement on Impact of AuditQualifications for the satnd Alone Financial Year ended March 31,2024 [See Regulation 33/52 of the SEBI(LODR) (Amendment)Regulations,2016) (Rs in Lacs) S.No. Particulars Audited Figures Audited Figures (as reported before(as reported after adjustingfor adjustingfor qualifications qualifications 1 Turnover/Total Incoome 838 838 2 Total Expenditure 1150 1150 3 Net Profit/Losss -312 -312 4 EarningPer Share -31.21 -31.21 5 Total Assets 3007 3007 6 Total Liabilities 3450 3450 7 Net wort Item -443 -443 8 Anyother items	Statement on Impact of AuditQualifications for the satnd Alone Financial Year ended March 31,2024 [See Regulation 33/52 of the SEBI(LODR) (Amendment)Regulations,2016) (Rs in Lacs) S.No. Particulars Audited Figures Audited Figures (as reported before(as reported after adjustingfor adjustingfor qualifications qualifications 1 Turnover/Total Incoome 838 838 2 Total Expenditure 1150 1150 3 Net Profit/Losss -312 -312 4 EarningPer Share -31.21 -31.21 5 Total Assets 3007 3007 6 Total Liabilities 3450 3450 7 Net wort Item -443 -443 8 Anyother items
		Particulars	Audited Figures (as reported before adjustingfor qualifications
		Turnover/Total Incoome Total Expenditure Net Profit/Losss EarningPer Share Total Assets Total Liabilities Net wort Item Anyother items		838 1150 -312 -31.21 3007 3450 -443
	AuditQualification			Management Declaration Those transaction of the company are being fully in control with Management, there will be not be any material effect on Profit of the Company. The inventory of the company is being fully in control with site of Clients are being verified there will be not be any material effect on Profit of the Company The company multiple remote location of Project under warrantee and mandatory cash has to be available at Site. The Management does have any opinion or observant feeling bad debts of any amount. As opinion taken and understood those does receipt are not falling in with section 2 (31)of Companies Act 2013.
	Auditqualifications			Management Declaration
	1) The company’s recorded turnover at Bangalore branch comprises of retail/exhibition sales over which we rely on Management for internal control for the purpose of Audit. There are no other satisfactory audit procedures that we could adopt to satisfy ourselves that the record turnover was free from material misstatements, however management has assured us that there is no material misstatement. 2) Management has stated the inventories at cost. We informed that the net realizable value of the inventory is lower than the cost. In the absence of any alternative audit procures to obtain sufficient and appropriate audit evidence in relation to valuation held in stock or sites we are unable to comment of the impact on financials 3) The company’s cash-on-hand as on financial year ended 31/03/2024 is Rs,1943370/ is not counted by us and same is taken correct as per the certificate of management of the Company. 4) Loans & advances, S. Debtors S. Creditors and other receivables are subject to confirmation. The Company has not made provision for bad & doubtful debts. 5) During the course of audit, it was found that companyhas accepted unsecured loans as			Those transaction of the company are being fully in control with Management, there will be not be any material effect on Profit of the Company. The inventory of the company is being fully in control with site of Clients are being verified there will be not be any material effect on Profit of the Company The company multiple remote location of Project under warrantee and mandatory cash has to be available at Site. The Management does have any opinion or observant feeling bad debts of any amount. As opinion taken and understood those does receipt are not falling in with section 2 (31)of Companies Act 2013.

	borrowings/deposits from public as well as companies & key managerial person. A sum Of Rs.10,03,56,918 (refer sch,14 of the Balance sheet. While accepting loans/deposits from public, the company has not complied with the provisions of section 2(31) of the Companies Act, 2013. Trade creditors & other liabilities are subject to confirmation. 6) The Company had impaired an amount of Rs 18,85,843.00 receivable as EMD/Security Deposit from its debtors during financial year 2021-22. The Company has not been able to recover the impaired amount of Rs. 18,85,843.00 during the financial year 2023-24. 7) The Company had impaired an amount of Rs 26, 56,455/- receivable as loans & advances during financial year 2021-22. The Company has not been able to recover the impaired amount of Rs. 26, 56,455.00 during the financial year 2023-24. 8) According to the information and explanation given to us, the Company has not established its internal financial control over financial reporting on criteria based on or considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.	Company in discussion and effortful get those impaired Assets. Company in discussion and effortful get those impaired Assets. As per Size of the Company, Management have opinion, there are required control over operations and safe guard the Assets of the company

==> picture [78 x 30] intentionally omitted <==

==> picture [77 x 64] intentionally omitted <==

For IND AGIV COMMERCE LTD.

Lalit Chouhan Managing Director (DIN: 00081816) 09/08/2024