2. I have conducted this audit in accordance with Auditing Standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining on test basis evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.

3. Further I report that:

a. The information and explanations that are obtained, which to the best of my knowledge and belief were necessary for the purpose of audit;

b. In my opinion, proper books of accounts as required by law have been kept by the Company so far as appears from my examination of those books;

c. The Financial Statements dealt with by this report are in agreement with the books of accounts.

d. On the Basis of written representations received from the directors, as on 31st March, 2015 and taken on record by the board of directors, none of the directors are disqualified as on 31st March, 2015 from being appointed as director in terms of sub-section (1) of Section 164 of the Companies Act, 2013.

e. In my opinion and to the best of my information and according to the explanation given to me , the financial statements dealt with by this report materially comply with the Accounting Standards referred to in Section 133 of the Companies Act, 2013 and the Rules framed there under and give the information required by the Act, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India , in the case of :-

i. The Balance Sheet , of the state of affairs of the Company as at March 31, 2015;

ii. The Profit and Loss Account, of the profit for the year ended on that date; and

iii. The Cash Flow Statement, of the cash flows for the year ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

As required by the Companies ( Auditors Report ) Order, 2015 ( The Order ) issued by the Central Government of India in terms of Section 143(11) of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 & 4 of the order.

As required by section 143 (3) of the Act , we report that :

We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit ;

1. We have sought and obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purpose of our audit.

2. In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books.

3. The company's balance sheet & profit & loss account dealt with in the report are in agreement with the books of account & returns.

4. The financial statements comply with the accounting standards.

5. No directors are disqualified from being appointed as director under sub-section (2) of section 164.

6. The company has adequate internal financial controls system in place and such controls are operating effectively.

The Annexure referred to in paragraph 1 of Our Report on Other Legal and Regulatory Requirements.

We report that:

1. (a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets;

(b) As explained to us, these fixed assets have been physically verified by the management at reasonable intervals; no material discrepancies were noticed on such verification.;

2. As the Company does not have Inventory, the Clauses (ii)(a) to (ii)(c) of para 3 of the Orders are not applicable to the company.

3. According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 189 of the Companies Act, 2013. Consequently, the provisions of clauses iii (a), and iii (b) of the order are not applicable to the Company.

4. In our opinion and according to the information and explanations given to us, there is generally an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of inventories & fixed assets and payment for expenses & for sale of goods. During the course of our audit, no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed.

5. The Company has not accepted any deposits from the public covered under section 73 to 76 or any other relevant provisions of the Companies Act and the rules framed there under,.

6. As per information & explanation given by the management, maintenance of cost records has not been prescribed by the Central Government under sub-section (1) of section 148 of the Act.

7. (a) According to the records of the company, undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess to the extent applicable and any other statutory dues have generally been regularly deposited with the appropriate authorities. According to the information and explanations given to us there were no outstanding statutory dues as on 31st of March, 2015 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there is no amounts payable in respect of income tax, wealth tax, service tax, sales tax, customs duty and excise duty, whichever applicable, which have not been deposited on account of any disputes.

(c) According to the information and explanations given to us, the amount required to be transferred to investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made there under has been transferred to such fund within time.

8. The Company does not have any accumulated loss and has not incurred cash loss during the financial year covered by our audit.

9. In our opinion and according to the information and explanations given by the management, we are of the opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holders, as applicable to the company.

10. According to the information and explanations given to us, the Company has not given any guarantees for loan taken by others from a bank or financial institution.

11. Based on our audit procedures and on the information given by the management, the company has not taken any term loan during the year.

12. According to the information and explanations given to us, we report that no fraud on or by the Company has been noticed or reported during the year, nor have we been informed of such case by the management.

                                              For Shripad Kulkarni & Co
                                              Chartered Accountants
                                              FRN: 12577W

                                              Sd/-
                                              Shripad Kulkarni
Place: Mumbai                                (Proprietor )
Date: May 30, 2015                            Membership No.:117727