Committed Cargo Care Ltd Auditor Reports

Independent Auditors Examination report on Restated Financial Information of Committed Cargo Care Limited (Formerly known as Committed Cargo Care Private Limited)

To,

The Board of Directors

Committed Cargo Care Limited

(Formerly Known as Committed Cargo Care Private Limited)

406, Block A, Road No.4, Street No.8 Mahipalpur Extn,

New Delhi, Delhi, 110037 Dear Sirs,

1. We have examined the attached Restated Financial Information of Committed Cargo Care Limited (Formerly known as Committed Cargo Care Private Limited) (the "Company") comprising the Restated Statement of Assets and Liabilities for the period of 30^th April, 2023 and the periods ending at March 31, 2023, as at March 31, 2022, March 31, 2021, the Restated Statements of Profit and Loss and the Restated Cash Flow Statement for the years ended as at for the period of 30^th April, 2023 and the periods ending at March 31, 2023, as at March 31, 2022, March 31, 2021, the Summary Statement of Significant Accounting Policies, and other explanatory information (collectively referred to as, the "Restated Financial Information"), as approved by the Board of Directors of the Company at their meeting held on 27/09/2023 for the purpose of inclusion in the Draft Red Herring Prospectus/ Red Herring Prospectus prepared by the Company in connection with its proposed Initial Public Offer of equity shares ("IPO") on SME Platform of National Stock Exchange of India Limited ("NSE EMERGE").

These restated Summary Statement have been prepared in terms of the requirements of:

1. Section 26 of Part I of Chapter III of the Companies Act, 2013 (the "Act")
2. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("ICDR Regulations"); and
3. The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Institute of Chartered Accountants of India ("ICAI"), as amended from time to time (the "Guidance Note").
2. The Companys Board of Directors is responsible for the preparation of the Restated Financial Information for the purpose of inclusion in the Draft Red Herring Prospectus/ Red Herring Prospectus to be filed with Securities and Exchange Board of India, Registrar of Companies, Delhi and the Stock Exchange in connection with the proposed IPO. The responsibilities of the Board of Directors of the Company includes designing, implementing, and maintaining adequate internal control relevant to the preparation and presentation of the Restated Financial Information. The Board of Directors are also responsible for identifying and ensuring that the Company complies with the Act, ICDR Regulations and the Guidance Note.
3. We have examined such Restated Financial Information taking into consideration:
1. The terms of reference and terms of our engagement agreed upon with you in accordance with our engagement letter dated February 06, 2023 in connection with the proposed IPO of equity shares of Committed Cargo Care Limited (the "Issuer Company") on SME platform of National Stock Exchange of India Limited ("NSE EMERGE");

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2. The Guidance Note also requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI;
3. Concepts of test checks and materiality to obtain reasonable assurance based on verification of evidence supporting the Restated Financial Information; and
4. The requirements of Section 26 of the Act and the ICDR Regulations. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the Act, the ICDR Regulations and the Guidance Note in connection with the IPO.
4. These Restated Financial Information have been compiled by the management from Audited Financial Statements of the Company for the years ended on March 31, 2023, March 31, 2022, prepared in accordance with the Accounting Standards as prescribed under Section 133 of the Act read with Companies (Accounting Standards) Rules as amended, and other accounting principles generallyaccepted in India, which have been approved by the Board of Directors at their meeting held on 27/07/2023 and 15/09/2022 respectively.
5. For the purpose of our examination, we have relied on Auditors Report issued by M/s. Bhupesh Khadaria & Co., Chartered Accountants dated 20-09-2022 and 09-11-2021 for the financial year ended March 31, 2022, and for the financial year ended March 31, 2021 respectively as referred in Paragraph 4 above.

The Audit for the previous financial years were conducted by the Companys previous auditors by M/s. Bhupesh Khadaria & Co., Chartered Accountants dated 20-09-2022 and 09-11-2021 ("the Previous Auditor). The Previous auditor is not in the position to examine the Restated statement of assets and liabilities and the Restated statements of profit and loss and Cash flow statements, the Summary Statement of Significant Accounting Policies, and other explanatory information (collectively, the Audited Financial Information). We have performed adequate procedures to restate the Financial Information for the said years. The Examination Report included for the said years is based solely on the report submitted by the Previous Auditor.

6. There were no qualifications in the Audit Reports issued by us and by previous auditor as at and for the period and as at and for the years ended March 31, 2023 March 31, 2022, March 31, 2021 would require adjustments in this Restated Financial Information of the Company.
7. Based on our examination and according to the information and explanations given to us, we report that:
1. The Restated Summary Statements have been made after incorporating adjustments for the changes in accounting policies retrospectively in respective financial period/years to reflect the same accounting treatment as per the changed accounting policy for all reporting periods, if any;
2. The Restated Summary Statements do not require any adjustments for the matter(s) giving rise to modifications mentioned in paragraph 7 above.
3. The Restated Standalone Summary Statements have been prepared in accordance with the Act, ICDR Regulations and the Guidance Note.
4. The Restated Summary Statements have been made after incorporating adjustments for prior period and other material amounts in the respective financial years/period to which they relate, if any and there are no qualifications which require adjustments;
5. Extra-ordinary items that need to be disclosed separately in the accounts has been disclosed wherever required;
6. There was no change in accounting policies, which need to be adjusted in the Restated Summary Statement.
7. For the stub period of 30^th April, 2023 and the Financial Years ending March 31, 2023, March 31, 2022 and March 31, 2021, i.e., the period covered in the restatement, the Company has not declared and paid any dividend.
8. The company has not proposed any dividend for the said period.
9. According to the records, the company is regular in depositing undisputed statutory dues including GST, Provident Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to appropriate authorities. Further there are arrears of

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outstanding statutory dues as on the reporting period concerned for a period of more than six months for the date, they become due. The arrears of outstanding statutory claims as on the reporting period pertaining to Income Tax and TDS is amounting to Rs. 18.78 Lacs and Rs. 0.20 Lacs respectively for a period of more than 6 months. Both the demands are being contested.

Further, there is a show cause Notice for Service Tax for Rs. 17.90 Crs, which is yet to be adjudicated and hence the claim is a contingent liability. The Company has filed its replies and is waiting for personal hearing.

The Company has disclosed the information as per note no 25 in its financial statements.

8. We have also examined the following other financial information relating to the Company prepared by the Management and as approved by the Board of Directors of the Company and annexed to this report relating to the Company as at and for the period from 30^th April, 2023, March 31, 2023, March 31, 2022 and March 31, 2021 proposed to be included in the Draft Red Herring Prospectus/ Red Herring Prospectus.

Annexure No.	Particulars
	Statement of Assets & Liabilities as Restated
	Statement of Profit & Loss as Restated
	Statement of Cash Flow as Restated
1	Significant Accounting Policy and Notes to the Restated Summary Statements
2	Statement of Share Capital as restated
3	Statement of Reserves & Surpluses as restated
4	Statement of Long-Term Borrowings as restated
5	Statement of Long-Term Provisions as restated
6	Statement of Short-Term Borrowings as restated
7	Statement of Trade Payable as restated
8	Statement of Other Current Liabilities as restated
9	Statement of Property, Plant and Equipment & Depreciations as restated
10	Statement of Deferred Tax Asset (Net) as restated
11	Statement of Long Term Loans and advances as restated
12	Statement of Current Investments restated
13	Statement of Trade Receivable as restated
14	Statement of Cash & Cash Equivalents as restated
15	Statement of Short Term Loans and advances as restated
16	Statement of Other Current Assets as restated
17	Statement of Revenue from operations and Other Income as restated
18	Statement of Direct Expenses as restated
19	Statement of Employees Benefit Expenses as restated
20	Statement of Finance Cost as restated
21	Statement of Other Expenses & Auditors Remuneration as restated
22	Statement of Earnings Per Share as restated
23	Statement of Related Parties Transaction as restated
24	Statement of Earnings in Foreign Currency (Imports)
25	Statement of Contingent Liability
26	Statement of Earnings in Foreign Currency (Exports)
27	Statement of Tax Shelter as Restated
28	Statement of Capitalization Statement as restated
29	Disclosure of liability of Gratuity

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30	Disclosure on MSME Transactions
31	Statement of Notes to Accounts
32	Statement of Adjustments to the Restated Financial Information
33	Summary of Accounting Ratios as restated
34	Statement on Other financial information

9. We, M/s. Gupta Vijay K & Co Chartered Accountants have been subjected to the peer review process of the Institute of Chartered Accountants of India ("ICAI") and hold a valid peer review certificate issued by the "Peer Review Board" of the ICAI.
10. The Restated Financial Information do not reflect the effects of events that occurred subsequent to the respective dates of the reports and audited financial statements mentioned in paragraph 5 above.
11. This report should not in any way be construed as a reissuance or re-dating of any of the previous audit reports issued by us, nor should this report be construed as a new opinion on any of the financial statements referred to herein.
12. We have no responsibility to update our report for events and circumstances occurring after the date of the report.
13. Our report is intended solely for use of the Board of Directors for inclusion in the Draft Prospectus/Prospectus to be filed with Securities and Exchange Board of India, the stock exchanges and Registrar of Companies, Delhi in connectionwith the proposed IPO. Our report should not be used, referred to, or distributed for any other purpose except with our prior consent in writing. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come without our prior consent in writing.

For Gupta Vijay K & Co. Chartered Accountants FRN: 021206N

Sd/-

Vijay Kumar Gupta Partner

Membership No.: 501902

UDIN – 23501902BGQFCT4069

Date: 25.09.2023

Place: New Delhi