MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTS

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the Accounting Standards notified under the Companies Act, 2013 ("the Act") read with General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of Companies Act, 2013. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

AUDITOR'S RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing specified u/s 143(10) of The Company Act, 2013. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OPINION

In our opinion and to the best of our information and according to the explanations given to us, the financial statements 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:

a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015;

b) in the case of the Profit and Loss Account, of the profit for the year ended on that date;

c) In case of Cash Flow Statement, of the cash flows of the year ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the Companies (Auditor's Report) Order, 2015 ("the order") issued by the Central government of India in terms of sub-section (11) of section 143 of the Companies Act 2013, we give in the Annexure a statement on the matters specified in Paragraphs 3 and 4 of the order to the extent applicable to the company.

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

a) 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;

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 those books;

c) the Balance Sheet and Statement of Profit and Loss and cash flow statement dealt with by this Report are in agreement with the books of account;

d) in our opinion, the Balance Sheet and Statement of Profit and Loss comply with the Accounting Standards specified u/s 133 of The Companies Act, 2013 read with rule 7of the Companies (Accounts) Rule,2014 notified under the Act read with General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of Companies Act, 2013 subject to the qualification made in our report above and point no. 1.10 and 1.11 of Accounting policies and Notes of Accounts forming part of audited accounts;

e) On the basis of written representations received from the directors as on March 31, 2015, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2015, from being appointed as a director in terms of sub-section (2) of section 164 of the Companies Act, 2013.

As required by the Companies (Auditor's report) Order, 2015 issued by the central Government of India in terms of Section 143(11) of the Companies Act, 2013, we report that:

1 In respect of fixed assets:

(a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets on the basis of available information.

(b) As explained to us, all the fixed assets have been physically verified by the management during the year at reasonable intervals, which in our opinion, is reasonable having regard to the size of the company and the nature of assets. No material discrepancies were noticed on such physical verification.

2 In respect of its inventories:

(a) As explained to us, the inventory has been physically verified by the management at regular intervals during the year.

(b) In our opinion and according to the information and explanations given to us, the procedures followed by the management for physical verification of inventory are reasonable and adequate in relation to size of the company and nature of its business.

(c) In our opinion and according to the information and explanations given to us and on the basis of our examination of the records of inventory, the Company has maintained proper records of inventory. And there were no material discrepancies noticed on physical verification of inventory as compared to the book records.

3 In respect of loans granted by the company, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 189 of the Companies Act 2013:

(a) 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), 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 are adequate internal control procedures that commensurate with the size of the company and nature of its business with regard to purchase of inventory, fixed assets and for the sale of goods and services. During the course of audit, no major weakness has been noticed in the internal control.

5 In our opinion and according to the information and explanations given to us, the Company has not accepted deposits from the public and therefore, the provisions of Section 73 to 76 of the Companies Act and Rules framed there under are not applicable to the company.

6 To the best of our knowledge the Central Government has not prescribed the maintenance of cost records U/s 148(1) of the Companies Act, 2013 for any of the products of the company.

7 In respect of statutory dues:

(a) According to the information and explanations given to us, the company was generally regular in depositing undisputed statutory dues within six months from the date they become payable including Employees Provident Fund, Employees State Insurance Fund, Income Tax, Sales Tax, Wealth Tax, Service tax, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authority during the year.

(b) According to the records examined by us and the information and explanations given to us, there are no disputed amounts due in respect of wealth tax, sales tax, service tax, excise duty, Employees provident fund, Employee state insurance fund and other statutory dues at the end of the year.

(c) According to the records examined by us, no amount was 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.

8 The Company does not have any accumulated losses as at the end of the year are not less than Fifty percent of the net-worth and the Company has not incurred cash losses during current and the immediately preceding financial year.

9 In our opinion and according to information and explanation given to us, the company has not defaulted in repayment of dues to a financial institution or bank or debenture holders.

10 As per information and explanation given to us, the company has not given any guarantee for loans taken by others from bank or financial institutions, terms and conditions whereof are prejudicial to the interest of the company.

11 As per the records of the company and according to the information and explanation given to us, the company has not availed of any term loans during the year. There were no term loans outstanding at the beginning and at the end of the year.

12 In our opinion and according to the information and explanations given to us no fraud on or by the Company has been noticed or reported during the year.

                                               For, S. K. Jha & Co. 

                                              (Chartered Accountants)

                                               FRN: 126173W

                                               Satyendra K. Jha 

Place: - Ahmedabad                             (Partner)

Date: - 22nd May 2015                          M. No.: 100106