Dated: June, 2023
DHANDHANIA & ASSOCIATES
Chartered Accountants
13, Crooked Lane,
KOLKATA-700 069
Reg:IFC Certificate for the year ending 31St March 2023
Dear Sirs,
This representation letter is provided in connection with your audit of the internal financial controls over financial reporting
in the audit of RCP Solutions and Services Private Limited (“the Company”) in conjunction with your audit of the financial
statements of the Company for the year ended March 31, 2023, for the purpose of expressing an opinion as to whether the
Company had, in all material respects, an adequate internal financial controls system over financial reporting and the
operating effectiveness of such controls in accordance with the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting (“the Guidance Note”) and the Standards on Auditing issued by the Institute of Chartered Accountants
of India (ICAI) and deemed to be prescribed by the Central Government in accordance with Section 143(10) of the 2013
Act, to the extent applicable to an audit of internal financial controls over financial reporting.
We confirm that to the best of our knowledge and belief, having made such inquiries as we considered necessary for the
purpose of appropriately informing ourselves:
1. We are responsible for establishing and maintaining adequate and effective internal financial controls based on the
control criteria assessed by the Company and the preparation and presentation of the financial statements. The
assertions to you on the internal financial controls in accordance with, “the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance
Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants
of India”.
2. We have performed an evaluation and made an assessment of the adequacy and effectiveness of the company's
internal financial controls.
3 Based on the assessment carried out by us and the evaluation of the results of the assessment, we conclude that the
Company has adequate internal financial controls system that was operating effectively as at the March 31, 2023.
4. There were no instances of fraud resulting in a material misstatement to the company's financial statements and any
other fraud that does not result in a material misstatement to the company's financial statements but involves senior
management or management or other employees who have a significant role in the company's internal financial
controls.
5. There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in
financial reporting practices.
6. We have provided you with:
All information, such as records and documentation, and other matters that are relevant to your assessment of
internal financial controls;
Additional information that you have requested from us; and
Unrestricted access to those within the entity.
There are no subsidiary companies, jointly controlled companies and associate companies of the company to whom
reporting under Section 143(3)(i) is applicable and whose auditors have not issued their report under Section 143(3)
(i) of the Act.
7. There are no changes in the internal financial controls system from March 31, 2023 till the date of this representation
letter.
Thanking you,
For RCP SOLUTIONS AND SERVICES PRIVATE LIMITED
