Material Uncertainty Related to Going Concern, report paragraphs

Variant 1 — unmodified opinion, adequate disclosure (SA 570(R) para 21)

Material Uncertainty Related to Going Concern

We draw attention to Note [note number] to the financial statements, which indicates that the Company incurred a net loss of Rs [Net loss for the year (Rs)] during the year ended 31 March [Financial year-end: year (YYYY)], and that as at that date the Company's current liabilities exceeded its current assets by Rs [Excess of current liabilities over current assets (Rs)] and its accumulated losses of Rs [Accumulated losses (Rs)] have resulted in erosion of its net worth. [Add, where applicable: The Company has also defaulted in repayment of principal instalments of Rs __ and interest of Rs __ to __ Bank, which remained unpaid as at 31 March __.] As stated in Note [note number], these events or conditions, along with other matters as set forth in that Note, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.