Arohan Annual Report FY 20-21

Arohan Financial Services Limited Annexure A to the Independent Auditor’s Report of even date to the members of Arohan Financial Services Limited on the financial statements for the year ended 31 March 2021 Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of account and other records examined by us in the normal course of audit, we report that: i. a. The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment. b. The Company has a regular program of physical verification of its property, plant and equipment under which property, plant and equipment are verified in a phased manner over a period of three years, which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. c. The Company does not hold any immovable property (in the nature of ‘ property, plant and equipment’). Accordingly, the provisions of clause 3(i)(c) of the Order are not applicable. ii. The Company is a Non-Banking Financial Company, primarily engaged in the business of lending and does not hold any inventories. Accordingly, the provisions of clause 3(ii) of the Order are not applicable. iii. The Company has not granted any loan, secured or unsecured to companies, firms, Limited Liability Partnerships (LLPs) or other parties covered in the register maintained under Section 189 of the Act. Accordingly, the provisions of clauses 3(iii)(a), 3(iii)(b) and 3(iii)(c) of the Order are not applicable. iv. In our opinion, the Company has not entered into any transaction covered under Sections 185 and 186 of the Act. Accordingly, the provisions of clause 3(iv) of the Order are not applicable. v. In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable. vi. The Central Government has not specified maintenanceofcostrecordsundersub-section (1) of Section 148 of the Act, in respect of Company’s services. Accordingly, the provisions of clause 3(vi) of the Order are not applicable. vii. a. Undisputed statutory dues including provident fund, employees’ state insurance, income -tax, goods and service tax, sales- tax, service tax, duty of customs, duty of excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the appropriate authorities though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they became payable. b. The dues outstanding in respect of income- tax, sales-tax, service tax, duty of customs, duty of excise and value added tax on account of any dispute, are as follows: Annual Report | 2020-2021 128