29B,Zakaria Street,

P. K. Mangal & Kolkata – 700 073

Phone : (M) 98304 42250
Co. Phone : (R) 2235-4012
Chartered Accountants E-mail : [email protected]

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF SNT AGENCIES PRIVATE LIMITED

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying Standalone Financial Statements of SNT AGENCIES PRIVATE LIMITED,
(“the Company”), which comprise the Balance Sheet as at 31 st March, 2024, the Statement of Profit and Loss
for the year then ended the Statement of Cash flows during the year and a summary of the significant
accounting policies and other explanatory information. (Hereinafter referred to as the “Standalone financial
statements”.)

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
Standalone 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 state of
affairs of the Company as 31st March, 2024, its Loss and Cash flows for the year ended on that date.

Basis for Opinion

We have conducted our audit of Standalone Financial Statements in accordance with the Standards on
Auditing issued by the Institute of Chartered Accountants of India, 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 the ethical
requirements that are relevant to our audit of the financial statements under the provisions of the Companies
Act, 2013 and the Rules thereunder, and we have fulfilled 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 for our opinion on the standalone financial statements.

Information other than the Financial Statements and Auditor’s Report thereon
The Company’s Board of Directors and Management are responsible for the preparation of the other
information. The other information comprises the information obtained at the date of this auditor’s report,
but does not include the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 during the course of our 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.
 29B,Zakaria Street,
P. K. Mangal & Kolkata – 700 073
Phone : (M) 98304 42250
Co. Phone : (R) 2235-4012
Chartered Accountants E-mail : [email protected]

Management’s Responsibility for the Standalone Financial Statements

The Company’s Board of Directors are responsible for the matters stated in Section 134(5) of the Companies
Act, 2013 (“the Act”) with respect to the preparation of these Standalone Financial Statements that give a true
and fair view of the financial position, financial performance and Cash flows of the Company in accordance
with the accounting principles generally accepted in India, including the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. 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 irregularities;
selection and application of appropriate accounting policies; making judgments and estimates that are
reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls,
that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the Standalone Financial Statements that give a true and fair
view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing the Company’s
ability to continue as a going concern, 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 Responsibility for the audit of the Standalone financial statements

Our objectives are to obtain reasonable assurance about whether the standalone 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 Standards on Audits issued by the Institute of Chartered Accountants of
India will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these standalone 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 standalone 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 fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances. Reporting under Clause (i) of Sub-section (3) of Section 143
of the Companies Act, 2013 in respect of Internal Financial Control is not applicable as the Company
has turnover less than Rupees Fifty Crores as per latest audited financial statements or has aggregate
borrowings from banks or financial institutions or any body corporate at any time during the financial
year less than Rupees Twenty Five Crores.
 29B,Zakaria Street,
P. K. Mangal & Kolkata – 700 073
Phone : (M) 98304 42250
Co. Phone : (R) 2235-4012
Chartered Accountants E-mail : [email protected]

• 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 standalone 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 standalone financial statements,
including the disclosures, and whether the standalone financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in
aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the
standalone financial statements may be influenced. We consider quantitative materiality and qualitative
factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate
the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance 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

1. As required by the Companies (Auditor’s Report) Order, 2020 (“Order”) issued by the Central Government
of India in terms of sub section (11) of section 143 of the Act, we report that the said order isn’t applicable
to the Company.

2. 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 best of our knowledge
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 as it
appears from our examination of those books.

(c) The Balance Sheet, the Statement of Profit and Loss and the Statement of Cash flows dealt with by this
Report are in agreement with the books of account.
 29B,Zakaria Street,
P. K. Mangal & Kolkata – 700 073
Phone : (M) 98304 42250
Co. Phone : (R) 2235-4012
Chartered Accountants E-mail : [email protected]

(d) In our opinion, the aforesaid Standalone Financial Statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(e) On the basis of written representations received from the Directors as on 31 st March, 2024, taken on
record by the Board of Directors, none of the Directors is disqualified as on 31 st March, 2024, from being
appointed as a Director in terms of Section 164(2) of the Act.

(f) Reporting under Clause (i) of Sub-section (3) of Section 143 of the Companies Act, 2013 in respect of
Internal Financial Control is not applicable as the Company has turnover less than Rupees Fifty Crores as
per latest audited financial statements or has aggregate borrowings from banks or financial institutions or
any body corporate at any time during the financial year less than Rupees Twenty Five Crores.

(g) With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act, in our
opinion and according to the information and explanations given to us, the limit prescribed by section 197
for maximum permissible managerial remuneration is not applicable to a private limited company.

(h) 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 information and
according to the explanations given to us:

i. The Company does not have any pending litigations which would impact its financial position.

ii. The Company did not have any long-term contracts including derivative contracts for which there were
any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor Education and
Protection Fund by the Company.

iv. (a) The management has represented that, to the best of its knowledge and belief, no funds have been
advanced or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the company to or in any other person(s) or entity(ies), including foreign entities
(“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in
any manner whatsoever by or on behalf of the company (“Ultimate Beneficiaries”) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(b) The management has represented, that, to the best of its knowledge and belief, no funds have been
received by the company from any person(s) or entity(ies), including foreign entities (“Funding
Parties”), with the understanding, whether recorded in writing or otherwise, that the company shall,
whether, directly or indirectly, lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.
 P. K. Mangal & 29B,Zakaria Street,
Kolkata – 700 073

Co. Phone : (M) 98304 42250

Phone : (R) 2235-4012
Chartered Accountants E-mail : [email protected]

(c) Based on the audit procedures that have been considered reasonable and appropriate in the
circumstances, nothing has come to our notice that has caused us to believe that the representations
under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material
misstatement.

v. The company has not declared or paid any dividend during the year.

vi. The Company is maintaining its books of account manually during the year. Consequently, the company
is not required to comply with the provisions related to audit trail and reporting under Rule 11 (g) of
the Companies (Audit and Auditors) Rules 2014 is not applicable.

For P. K. Mangal & Co.

Chartered Accountants
(Firm Registration No. 319169E)

[ P. K. Mangal ]
Proprietor
(Membership No. 054435)

Place: Kolkata
Date:

UDIN :