We have audited the accompanying financial statements of M/s. DOLPHIN MEDICAL SERVICES
LIMITED ("Company”), which comprise the Balance Sheet as at 31.03.2024, the Statement of
Profit and Loss account and Cash Flow Statement for the period then ended, and a summary of
significant accounting policies and other explanatory information.
Management’s responsibility for the financial statements
Management is responsible for the preparation of the 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 standards referred to in section 133 of the Companies Act, 2013("Act”), read
with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility includes the design,
implementation and maintenance of internal control relevant to the preparation and presentation of
the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on the financial statements based on our audit. We
conducted our audit in accordance with the standards on auditing issued by the institute of
Chartered Accountants of India. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s
judgment, including the assessment of the risks of the material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditors consider
internal control relevant to the company’s preparation and fair presentation of the financial
statements in order to design audit procedures that are in appropriate in the circumstances. An
audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by the management, as well as evaluating the
overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
reasonable basis for our audit opinion. (Contd..2)
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the
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 :
a) In the case of Balance Sheet, of the state of affairs of the company as at March 31,2024;
b) In the case of Statement of Profit and Loss, of the loss of the company for the period ended
31st Mar 2024; and
c) In the case of Cash Flow Statement, of the cash flows of the company for the period ended
31st Mar 2024.
Report on other legal and regulatory requirements
1. As required by the Companies (Audit Report) Order, 2016 issued by the Central Government of
India in terms of sub-section 11 of section 143 of the Companies Act, 2013, we enclose in the
Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.
2. As required by section 143(3) of the Act, we report that:
a) We have 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 appears from our examination of those books;
c) The Balance Sheet, Statement of Profit and Loss Account and the Cash Flow Statement
dealt with by this report are in agreement with the books of account;
d) In our opinion, the Balance Sheet and Statement of Profit and Loss Account dealt with
by this report comply with the Accounting Standards referred to in section 133 of the
Companies Act, 2013; read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of written representations received from the Directors, as on 31st March,
2024 and taken on record by the Board of Directors, we report that none of the Directors
is disqualified as on 31st March, 2024 from being appointed as a Director in terms of
section 164 (2) of the Companies Act, 2013.
f) In our opinion, and according to the information and explanations given to us, there
are adequate internal control systems commensurate with the size of the company and
the nature of its business.
g) In our opinion, and according to the information and explanations given to us, the company
has disclosed the pending litigations of the company which will have impact on the financial
statements.
h) In our opinion, and according to the information and explanations given to us, the company
is not foreseeing any losses, and therefore the provision of the same does not arise.
i) In our opinion, and according to the information and explanations given to us, the company
has not holding amounts such as unclaimed dividends, share application money etc
requiring the transfer of the same to the Investor Education and Protection Fund.
For SMV & CO
Chartered Accountants
FRN : 015630S
R. Vamsi Krishna
Proprietor
M.No.229292
UDIN: 24229292BKAMSK3940
Place: HYDERABAD
Date: 29.05.2024.
| 