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Wonderla Holidays Ltd.

BSE: 538268 | NSE: WONDERLA |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE066O01014 | SECTOR: Miscellaneous

BSE Live

Sep 24, 15:40
229.40 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
18,777
10-Day
15,539
30-Day
17,761
11,232
  • Prev. Close

    229.40

  • Open Price

    229.95

  • Bid Price (Qty.)

    228.50 (524)

  • Offer Price (Qty.)

    230.50 (6)

NSE Live

Sep 24, 15:58
229.30 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
160,568
10-Day
120,343
30-Day
156,659
68,647
  • Prev. Close

    229.30

  • Open Price

    230.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    229.30 (41)

Annual Report

For Year :
2018 2017 2016 2015 2014

Auditor's Report

We have audited the accompanying financial statements of Wonderla Holidays Limited (the Company) for the year ended 31 March
2016, which comprise the Balance Sheet as at 31 March 2016, the Statement of Profit and Loss and the Cash Flow Statement of the
Company for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

The Company''s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (the Act)
with respect to the preparation and presentation of these 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 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 these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be
included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. 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 from 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 material misstatement of the
financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial
controls relevant to the Company''s preparation of the financial statements that give a true and fair view in order to design
audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of the accounting estimates made by the Company''s directors, 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 basis for our audit opinion on the
financial statements.

opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid 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 at 31 March 2016 and its profit
and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor''s Report) Order, 2016 (the Order) issued by the Central Government of India in terms
of sub-section (11) of section 143 of the Act, we give in the Annexure A, a statement on the matters specified in the
paragraphs 3 and 4 of the Order, to the extent applicable.

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 cash flow statement dealt with by this Report are in agreement
with the books of account;

d. in our opinion, the aforesaid 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 the written representations received from the directors as on 31 March 2016 taken on record by the Board of
Directors, none of the directors is disqualified as on 31 March 2016 from being appointed as a director in terms of Section 164
(2) of the Act;

f. with respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating
effectiveness of such controls, refer to our separate report in Annexure B; 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, in our opinion and to the best of our information and according to the explanations given to us:

(i) the Company has disclosed the impact of pending litigations on its financial position in its financial statements - Refer
Note 29 and 40 to the financial statements;

(ii) the Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses; and

(iii) there were no amounts during the year which were required to be transferred to the Investor Education and Protection Fund
by the Company.

The Annexure referred to in paragraph 1 in Report on Other Legal and Regulatory Requirements in the Independent Auditor''s
Report to the members of the Company on the financial statements for the year ended 31 March 2016, we report that:

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed
assets.

(b) The Company has a regular programme of physical verification of its fixed assets by which fixed assets are verified in a
phased manner over a period of three years. In accordance with this programme, certain fixed assets were verified during the year
and no material discrepancies were noticed on such verification. In our opinion, this periodicity of physical verification is
reasonable having regard to the size of the Company and the nature of its assets.

(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company,
the title deeds of immovable properties are held in the name of the Company.

(ii) The Inventory has been physically verified by the Management during the year. In our opinion, the frequency of such
verification is reasonable. The discrepancies noticed on verification between the physical stocks and the book records were not
material.

(iii) According to the information and explanation given to us, we are of the opinion that there are no loans, secured or
unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section
189 of the Companies Act, 2013(''the Act''). Accordingly, paragraph 3(iii) of the Order is not applicable.

(iv) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions
of Section 185 and 186 of the Act, in respect of loans, investments, guarantees and security made.

(v) According to information and explanations given to us, the Company has not accepted any deposits from the public in
accordance with the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the rules framed there under.

(vi) The Central Government of India has not prescribed the maintenance of cost records under section 148(1) of the Act, for any
of the services rendered by the Company.

(vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the
Company, amounts deducted / accrued in the books of account in respect of undisputed statutory dues including Provident fund,
Employees'' state insurance, Income-tax, Sales tax, Service tax, Value added tax, Duty of Customs and other material statutory
dues have been generally regularly deposited during the year by the Company with the appropriate authorities. As explained to us,
the Company did not have any dues on account of Duty of Excise and Cess.

According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, employees''
state insurance, Income-tax, Sales tax, Service tax, Value added tax, Duty of Customs and other material statutory dues were in
arrears as at 31 March 2016 for a period of more than six months from the date they became payable.

(b) According to the information and explanation given to us, there are no material dues of sales tax, value added tax and duty
of customs which have not been deposited with the appropriate authorities on account of any dispute. However, according to the
information and explanations given to us, the following dues of income tax, wealth tax and service tax have not been deposited by
the Company on account of disputes:

Name Nature Amount Period Forum where
of the of dues (Rs.) to which dispute is
statue demanded the pending
amount
relates

Finance Service tax 27,855,653* 2007-08 Customs,
Act, to Excise and
1994 2013-14 Service Tax
Appellate
Tribunal,
Bangalore

Income Income tax 693,292 AY Commissioner
Tax Act, 2007-08 of Income Tax
1961 (Appeals),
Cochin

Income Income tax 1,115,070 AY Commissioner
Tax Act, 2013-14 of Income Tax
1961 (Appeals),
Bangalore

*The amount disclosed are net of payments made under protest.

(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment
of loans and borrowings to banks. The Company did not have any loans or borrowings from any financial institution, government or
any dues to debenture holders during the year.

(ix) In our opinion and according to the information and explanations given to us, the Company has applied the term loans for the
purpose for which the loans were obtained. The Company did not raise any money by way of initial public offer or further public
offer (including debt instruments) during the year.

(x) According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers
or employees has been noticed or reported during the course of our audit.

(xi) According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of
section 197 read with Schedule V of the Act.

(xii) In our opinion and according to the information and explanations given to us, the Company is not a nidhi company.
Accordingly, paragraph 3(xii) of the Order is not applicable.

(xiii) According to the information and explanations given to us and based on the our examination of the records of the Company,
transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such
transactions have been disclosed in the financial statements as required by the applicable accounting standards.

(xiv) According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during
the year.

(xv) According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of
the Order is not applicable.

(xvi) According to the information and explanations given to us, the Company is not required to be registered under section 45-IA
of the Reserve Bank of India Act, 1934.

for B s R & Co. LLp

Chartered Accountants

Firm''s registration number: 101248W/W-100022


Supreet Sachdev

Partner

Membership number: 205385

Place: Bangalore, India

Date: 24 May 2016