We conducted our audit in accordance with the 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 misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

I. As required by the Companies (Auditors-Report) Order, 2003 issued by the Central Government of India in terms of section 227 (4A) of the Companies Act, 1956, on the basis of such checks of the books and records as we considered appropriate and the information and explanations given to us during the course of audit, we annex hereto a statement on the matter specified in paragraphs 4 & 5 of the said order, to the extent they are applicable to the company.

2 Further to our comments in the Annexure referred to in paragraph to Above, We state that;

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

b) 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 such books;

c) the Balance sheet and Profit & Loss Account dealt with by this report are in agreement with the books of Account;

d) in our opinion the Balance Sheet and the Profit & Loss Account comply with the mandatory Accounting Standards referred to in Section 211 (3C) of the Companies Act; 1956;

e) on the basis of written representation received from the directors as on 31* March, 2013, and taken on record by the Board of Directors of the company, we report that the none of the directors is disqualified as on 31* March,2013 from being appointed as a director in terms of section 274(1Wa) of the Companies Act1956 :

f) In our opinion and to the best of our information and according to the explanations given to us, the Balance-Sheet and the Profit & Loss Account read together with the Notes thereon give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with accounting principles generally accepted in India:

i) in so far as it relates to the Balance sheet of the state of affairs of the Company as at 31* March 2013,

And

ii) In so far as it relates to the Profit & Loss Account of the loss of the company for the year ended on that date

Annexure to the auditor's report eferred to in paragraph 1 of our report of even date:

Loans and Advances :

The Company has taken unsecured loans from companies, firms or other parties listed in the registers maintained under ection 301 of the Companies Act, 1956 during the year. The number of parties covered are Four and the total involved is 166970/-

I. Internal Control :

In our opinion & according to the information & explanations given to us, there are adequate internal controls rocedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory nd fixed assets.

he company has not made sale of goods during the year. During the course of our audit, we have not observed any ontinuing failure to correct major weaknesses in internal controls.

II. Transaction with parties under section 301 of the Companies Act,1956 :

On the basis of our examination of relevant records and on the basis of Representation received from the management, ransaction that needs to be Entered into the register in pursuance of section 301 of the act have been so Entered.

On the basis of our examination of the books of account, the company has not entered into any transaction exceeding Rs. Lacs in respect of any party during the financial year that needs to be register pursuant to section 301 of the Act, have ¯een made at prices which are reasonable having regard to prevailing market prices for such goods, materials or services.

IV. Fixed Deposits :

The company has not accepted any deposit during this year under the Provisions of Section 58A and 58AA of the Companies Act, 1956 and the rules Framed there under.

V. Cost Records :

The company has not been required to maintain cost records under section 209(1) (d) of the Companies Act, 1956 for the troducts of the company.

VI. Statutory Dues :

According to the books and records as produced and examined by us in Accordance with the generally accepted auditing >ractices and based on Management Representations, undisputed statutory dues in authorm'es.respect of Income Tax, Wealth Tax, Sales Tax, Customs duty and excise duty, have generally Been regularly deposited by the company during the 'ear with the appropriate

As at 31st March 2013, there have been no undisputed dues which have not been deposited with the respective authorities in respect of Income tax, Wealth tax, Excise duty and cess for a period of more than six months from the date on yhich they become payable.

VII. Profit& Losses:

The company has loss for this the financial year 1,82,103/-

III. Guarantees:

The company has not given any guarantee for the loans taken by others from the anks and financial institutions.

IX. Utilisation of funds: he company has taken loan during the year from parties in the register maintained inder section 301 of the companies Act 1956.

X. Miscellaneous:

L. The company has not defaulted in repayment of its dues to financial institution and banks

I. The company has not granted any loans advances on basis of securities by way of Pledge of shares, debentures and other securities therefore this clause is not Applicable to the Company.

i. The company has not made any preferential allotments of shares to parties and Companies covered in the register maintained under section 301 of the Companies Act, 1956. The company has not issued any debentures during the financial /ear.

4. The company has not raised any money from public issues.

5. On the basis of our examinations and according to information and explanation given to us. No frauds on or by the company has been noticed or reported during the course of our audit.

6. On the basis of our examinations and according to information and explanation given to us, sales tax authority of the Maharashtra State issued the notice on company related to bogus purchases and sales of the company in earlier years and the case is still not finalised on the date of Audit report.

                                For V S Bapna & Associates

                                Chartered Accountants

                                 Proprietor

Date: 04.09.2013