Heritage Foods Limited

FINANCIAL STATEMENTS Standalone 29 th Annual Report 2020-21 | 149 • Evaluate theoverall presentation, structure and content of the standalone fi nancial statements, including thedisclosures, and whether the standalone fi nancial statements represent the underlying transactions and events in a manner that achieves fair presentation. 12. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signi fi cant audit fi ndings, including any signi fi cant de fi ciencies in internal control that we identify during our audit. 13. 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. 14. From the matters communicated with those charged with governance, we determine those matters that were of most signi fi cance in the audit of the standalone fi nancial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest bene fi ts of such communication. Report on Other Legal and Regulatory Requirements 15. As required by section 197(16) of the Act, based on our audit, we report that the Company has paid remuneration to its directors during the year in accordance with the provisions of and limits laid down under section 197 read with Schedule V to the Act. 16. As required by the Companies (Auditor’s Report) Order, 2016 (‘the Order’) issued by the Central Government of India in terms of section 143(11) of the Act, we give in the Annexure A, a statement on the matters speci fi ed in paragraphs 3 and 4 of the Order. 17. Further to our comments in Annexure A, as required by section 143(3) of the Act, based on our audit, we report, to the extent applicable, 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 purpose of our audit of the accompanying standalone fi nancial statements; 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 standalone fi nancial statements dealt with by this report are in agreement with the books of account; d) in our opinion, the aforesaid standalone fi nancial statements comply with Ind AS speci fi ed under section 133 of the Act; e) on the basis of the written representations received from the directors and taken on record by the Board of Directors, none of the directors is disquali fi ed as on 31 March 2021 from being appointed as a director in terms of section 164(2) of the Act; f) we have also audited the internal fi nancial controls with reference to standalone fi nancial statements of the Company as on 31 March 2021 in conjunction with our audit of the standalone fi nancial statements of the Company for the year ended on that date and our report dated 19 May 2021 as per Annexure B expressed unmodi fi ed opinion; and g) 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 (as amended), in our opinion and to the best of our information and according to the explanations given to us: i. the Company, as detailed in note 43(b) to the standalone fi nancial statements, has disclosed the impact of pending litigations on its fi nancial position as at 31 March 2021; ii. the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses as at 31 March 2021;