OX KARRA & CO. Charterad Accountants ii) ii) ANUGRAHA, New No.28, Ground Floor, Murray's Cate Road, Alwerpet, Chenin ANNEXURE “A” TO THE INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF “TAMILNADU TOURISM DEVELOPMENT COKPOKAIION LIMITED,” Chennai FOR THE YEAR ENDED 31% MARCH 2023 ‘Im respect of the Company's Property, Plant and Equipment and Intangible Azscts: (a) A. Ihe company is maintaining proper records showing full particulars, including ‘quantitative details and situation of Property, Plant and Equipment. B. The Company has maintained proper records showing full particulars uf intangible assets (b) All the fixed assets have been physically verified by an external agency during the year and acsets amounting to Rs 7.62 Crores have been identified as condemned assets. Further there are unidentified assets to the tune of Rs 2.61 Crores appearing in the books. The ‘management is in the process of identifying and writing off these assets. (c) The Company has title In respect of lands acquired at a cost of Rs. 7.77 Lalths. In respect of the remaining lands acquired at a cost of Rs. 83.96 Lakhs, accounted for in the books of accounts, Title Deeds have not been obtained till date. (4) the Company has not revalued any of its Property, Plant and Equipment (including Right of use asset) and intangible assets during the year. (€) No proceedings have heen initiated during the year or are pending against the Company as at March 31, 2023 for holding any benarhi property under the Benami Transactions (Prohibition) Act, 1988, 45 of 1988 (as amended in 2016) and rules made thereunder (a) The management has conducted the physical verification of Inventory at reasonable intervals. In our opinion, the frequency of such verification is reasonable. In our opinion, the coverage and procedure of such verification Is appropriate. The Uiscrepancies noticed on Physical verification of Inventory as compared to book records which has been properly dealt with in the books of accounts were not material. (b) The Company has not been sanctioned working capital limits in excess of % 5 crore, in ag! epale, at arly puint of ime during the year. trom banks or financial institutions on the basis uf security of current assets and hence reporting under clause 3(i)(b) of the Order is nnot applicable. The Company has not made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans secured or unsecured to companies, firms, Limited |iahility Partnerships, or any other parties, during the year and hence clause 3 (if) (a) to (f) of the order is not applicable. chennai 18, Ph: 499 1671, 2466 1179, mails@karra.in