Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (hereinafter referred to as "the Act") with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, 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. While conducting the audit, we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. 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 misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the 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 financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on whether the Company has an adequate internal financial controls system over financial reporting in place and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Board of Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid 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, of the state of affairs of the Company as at 31st March, 2015, and their profit and their cash flows for the year ended on that date.

Emphasis of Matter

We draw attention to Note 12 to the financial statements :

a) In respect to Note 12 : Change in Depreciation rates as per Schedule II of the Companies Act, 2013 as compared to depreciation rates as prescribed in Schedule XIV to the Companies Act, 1956. This change has reduced depreciation amount by Rs. 11,86,660.98/- which has correspondingly increased net profit by Rs. 11,86,660.98/-.

Our opinion is not modified in respect of this matter.

Other Matters Not Applicable

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 Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

2. As required by Section 143(3) of the Act, we report, to the extent applicable, that:

(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid financial statements.

(b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid financial statements have been kept so far as it appears from our examination of those books.

(c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account maintained.

(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

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

(f) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditor's) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company does not have any pending litigations which would affect its financial position.

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

Annexure to the Auditors' Report

The Annexure referred to in our report to the members of R.T. Exports Limited ('referred to as the Company') for the year ended on 31.03.2015. We report that:

1. 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, the Company has formulated a program of physical verification of all the fixed assets. The fixed assets have been physically verified by the management during the year, which in our opinion is reasonable, having regard to the size of the Company and nature of its assets. No material discrepancies were noticed on such physical verification.

2. Inventories

a. The stock was physically verified at reasonable intervals by the management.

b. As explained to us, the Company has formulated a program of physical verification of all the inventories. Inventories have been physically verified by the management, wherever possible during the year, which in our opinion is reasonable and adequate in relation to the size of the company and nature of its nature of its business. No material inadequacies were noticed on such physical verification.

c. As explained to us, the Company maintains proper records of inventory and there were no material discrepancies on physical verification.

3. Loans & Advances

a. The Company has not granted any loans, secured or unsecured, to any party covered in the register maintained under section 189 of the Companies Act and hence, clause (iiia) and (iiib) of the Order is not applicable.

4. Internal Control System

a. The Company has adequate Internal Control Procedure commensurate with the size of the Company and the nature of business, for the purchase of fixed assets and for rendering of services.

5. Deposits

a. The Company has not accepted any deposits and hence provisions related to directives issued by the Reserve Bank of India and the provisions of sections 73 to 76 or any other relevant provisions of the Companies Act and the rules framed there under are not applicable. No orders are passed by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any other tribunal in this respect.

6. Cost Records

a. The Company is not covered under sub - section (1) of section 148 of the Companies Act and hence this para is not applicable.

7. Statutory Dues

a. According to the records of the Company, the Company is generally regular in depositing undisputed statutory dues to the extent applicable like Provident Fund, Service Tax and Income Tax.

b. There are no outstanding demands due by the assessee in respect of Sales Tax or VAT and hence the provision of this sub para is not applicable.

c. The Company is not required to transfer any amount to investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made thereunder and hence this para is not applicable.

8. Accumulated Losses

a. There are no accumulated losses of the Company at the end of the financial year concerned. The Company has not incurred any cash losses during the financial year covered by our audit as also in the immediately preceding financial year.

9. Interest

a. The Company has obtained Term loan from financial institutions. The Company has not defaulted in repayment of overdraft facility obtained from banks.

10. Guarantee

a. The Company has not given any guarantees for loans taken by others from banks or financial institutions and hence this para of the Order is not applicable.

11. Utilization of loans

a. The Company has applied for term loans for the purpose for which the loan is obtained.

12. Fraud

a. 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 Ramesh M. Sheth & Associates
                                               Chartered Accountants
                                    (Firm's Registration No. 111883W)

                                                    (Ramesh M. Sheth)
Place of Signature: Mumbai                                  (Partner)
Date: May 22, 2015                              (Membership No. 8221)