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

(b) The fixed assets have been physically verified by the management at reasonable intervals, which in our opinion, is considered reasonable having regard to the size of the Company and tho nature of its assets No material discrepancies were noticed on such verification.

(c) The Company has not disposed off substantial part of fixed assets during the year, and accordingly, going concern is not affected.

(ii) (a) The inventories have been physically verified during the year by the management. In our opinion, frequency of verification is reasonable.

(b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

(c) The company is maintaining proper records of inventory. As explained to us, there were no material discrepancies noticed on physical verification of inventory as compared to the book records.

(iii) As informed, the company has not granted / taken any loan to / from any party which is covered in the register maintained under section 301 of the Companies Act. 1956. Therefore, the provisions of clause 4(iii) of the Companies (Auditors Report) Order, 2003 are not applicable in the case of the Company.

(iv) In our opinion and according to the Information and explanation given to us, there are adequate internal control systems commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and with regard to the sale of goods and services. Further, on the basis of our examination of the books & records of the company, carried out in accordance with the generally accepted auditing practices in India, wc have neither come across nor have we been informed of any instance of major weaknesses in the aforesaid internal control systems.

(v) In our opinion and according to the information and explanations given to us, the Company has not entered into any transaction which needs to be entered into the register required to be maintained in pursuance of section 301 of The Companies Act, 1956. Therefore, the provisions of clause 4iv) of the Companies (Auditors Report) Order, 2003 are not applicable in the case of the Company.

(vi) The Company has not accepted any deposits from the public hence the provisions of sections 58A, 58AA or any other relevant provisions of the Companies Act, 1956 including the Companies (Acceptance of Deposits) Rules, 1975 are not applicable to the company.

(vii) The Company has an internal audit system which in our opinion is commensurate with the size of the Company and the nature of its business.

(viii) We have broadly reviewed the records including the Books of Accounts made and maintained by the Company pursuant to the Rules made by the Central Government for maintenance of cost records under Section 209 (1) (d) of the Companies Act, 1956, and are of the opinion that prima- facie the prescribed accounts and records have been made and maintained.

(ix) (a) According to the records of the company and other information and explanation given to us, the company is generally regular in depositing statutory dues such as provident fund, Employee's State Insurance, income tax, sales tax, vat, service tax, custom duty aid other material undisputed statutory dues with the appropriate authorities. Further there are no arrears of outstanding statutory dues as at the last date of the financial year concerned, for a period of more than six months from the date they became payable.

(b) In our opinion and according to the information and explanations given to us, there are no statutory dues outstanding as at 31st March, 2011 which have not been deposited on account