AFFLUENCE

Conservation of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo   The Company did not consume energy of any significant level and accordingly, no measures were taken for energy conservation and no investment was made for reduction of energy consumption. No comment is made on technology absorption considering the nature of activities undertaken by the Company during the year under review.   There has been no foreign exchange earning and outgo during the year.  

Conservation of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo   The Company did not consume energy of any significant level and accordingly, no measures were taken for energy conservation and no investment was made for reduction of energy consumption. No comment is made on technology absorption considering the nature of activities undertaken by the Company during the year under review.   There has been no foreign exchange earning and outgo during the year.  

Conservation of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo   The Company did not consume energy of any significant level and accordingly, no measures were taken for energy conservation and no investment was made for reduction of energy consumption. No comment is made on technology absorption considering the nature of activities undertaken by the Company during the year under review.   There has been no foreign exchange earning and outgo during the year.  

Directors’ Responsibility Statement   In accordance with the provisions of Section 134(5) of the Act, your directors confirm that:   a)     in the preparation of the annual accounts for the financial year ended 31 March 2018, the applicable accounting standards had been followed along with proper explanation relating to material departures, if any;   b)    the Directors had selected such accounting policies and applied them consistently and made judgments  and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31 March, 2018 and of the profit of the Company for period from 7 February 2017 to 31 March 2018;   c)     the Directors had taken proper and sufficient care for the 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  fraud and other irregularities;   d)    the Directors had prepared the annual accounts for the financial year ended 31 March 2018 on a going concern basis;   e)     the Directors had laid down internal financial controls to be followed by the Company and  that such internal financial controls are adequate and were operating effectively;   f)     the Directors had devised proper systems to ensure compliance with the provisions of all  applicable laws and that such systems were adequate and operating effectively.