We have audited the accompanying financial statements of Multipurpose Trading And Agencies Limited ('the Company"), which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

Management is responsible for 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 Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 ("the Act"). 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 issued by the Institute of Chartered Accountants of India. 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 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. but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. 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 conformity with the accounting principles generally accepted in India:-

a) in the ease of the Balance Sheet, of the state of affairs of the Company as at

b) in the case of the Profit and Loss Account, of the loss for the year ended on

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

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2003 ("the Order")issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(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, 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, Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting Standards referred to subsection (3C) of section 211 of the Companies Act, 1956;

e) on the basis of written representations received from the directors as on March 31 2014 and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, front being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act,

f) Since the Central Government has not issued any notification as to the rate at f) which The cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the manner in which such cess is to be paid, no cess is due and payable by the Company.

ANNEXURE TO THE AUDITORS' REPORT

(Referred to in paragraph 2 of our report to the Members of MULTIPURPOSE TRADING AND AGENCIES LIMITED on the Accounts for the period ended on 31st March, 2014)

i. The Company has no fixed assets on the day of the Balance Sheet.

ii. The question of physical verification of goods does not arise, as there was no, opening inventory & no trading activity during the period.

iii. a) The company has availed unsecured loan from companies, firm and other parties listed in the register maintained under section 301 and section 370 (1- B) of the Companies Act, 1956 amounting to Rs. 4,90,000 (previous year Rs. 10,50,000) and such lending companies are not charging any interest from the Company.

b) The company has not granted any advance in the current year (previous year Rs 4,00,000 ) to a company, listed in the register maintained under section 301 or to companies under same management as defined under section 370 (IB) of the Companies Act, 1956, where no interest is being charged by the company.

iv. In our opinion and according to the information and explanation given to us, the company has an internal control procedure in general, commensurate with size of the company and the nature of its business.

v. a) The Company has maintained register in pursuance of section 301 of the Act and all the transactions that need to be entered have been entered.

b) In our opinion and according to the information and explanation given to us there are no transactions exceeding the value of rupees five lakhs occurred during the year made in respects of any party in pursuance of contracts or arrangement that needs to be entered in the register maintained under section 301 of the Companies Act, 1956.

vi. As the company has not invited public deposits, provision of section 58A of the Companies Act, 1956 and the Companies (Acceptance of deposits) Rules, 1975 are not applicable to the company.

vii. In our opinion, company has adequate internal audit system commensurate with its size and nature of its business.

viii. We have been informed that the Central Government has not prescribed maintenance of cost records under section 201 (1) (d) of the Companies Act, 1956.

ix. a) The provision of Provident fund Act and ESI Act are not applicable to the company and therefore provisions are not applicable.

b) In our opinion and according to the information and explanations given to us, there are no undisputed and outstanding amounts payable in respect of income-tax, wealth-tax, sales-tax, custom duty and excise duty as at the last day of the financial period concerned for a period of more than six months from the date they become payable as on the Balance Sheet date.

x. The company has incurred cash losses in the current as well as in the previous financial year Further its accumulated losses are more than the 50% of Its Net Worth

xi. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to any financial institution, bank etc.

xii. The Company has not granted any loans and advances on. the basis of security by way of pledge of shares, debentures and other securities, so the question of maintenance of such records does not arise.

xiii. In our opinion, the company is not chit fund or nidhi / mutual benefit fund society. Hence this clause is not applicable to the Company.

xiv. In our opinion, the Company is not dealing in or trading in shares, securities, debentures, and other investments. Accordingly the provisions of clause 4(xiv) of the Companies (Auditor Report) Order, 2003 are not applicable to the company.

xv. As explained to us by the Management of the company, the company has not given any guarantee for loans taken by others from bank or financial institution.

xvi. There are no term loan availed by the Company hence any reporting in the matter is not applicable.

xvii. According to the information and explanation given to us and on an overall examination of the Balance sheet of the Company, we report that no funds raised on Short term basis have been used for Long term Investment.

xviii. There were no preferential allotment of shares to parties and companies covered in the register maintained U/S 301 of the Act, hence this clause is not applicable.

xix. As the company has not issued any debenture this clause is not applicable.

XX. The Company has not raised any money from the public issues hence this clause is not applicable.

xxi. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

                                               For NIDHI BANSAL & CO 
                                                Chartered Accountant

Place: New Delhi                                     (Varun Gupat)
Dated: 21.05.2014                                      (Partner)
                                                [Membership No. 503070]