'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 ("the Act") with respect to the preparation and presentation of these standalone 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 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.

a) 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.

b) 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.

c) 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 in place an adequate internal financial controls system over financial reporting 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 Directors, as well as evaluating the overall presentation of the financial statements.

d) We believe that the audit evidence we have obtained 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 :

i. in the case of the Balance Sheet, of the state of affairs of the company as at 31st March, 2015;

ii. in the case of the Statement of Profit & Loss account, of the Profit for the year ended on that date.

iii. 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, 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 the paragraph 3 and 4 of the Order, to the extent applicable.

2. As required by Section 143(3) of the Act, we report 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.

b. in our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

c. the Balance Sheet and the Statement of Profit and Loss dealt with by this Report are in agreement with the books of account.

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 as on 31 March 2015 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2015 from being appointed as a director in terms of Section 164 (2) of the Act; and

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

g. The Company has disclosed the impact of pending litigations on its financial position in its financial statements, in Point No. 7 and Point No. 11 of the Note No. 15 to the Balance Sheet.

h. The Company did not have any long-term contracts including derivative contracts; as such the question of commenting on any material foreseeable losses thereon does not arise

i. There has not been an occasion in case of the Company during the year under report to transfer any sums to the Investor Education and Protection Fund. The question of delay in transferring such sums does not arise

ANNEXURE 'A' TO THE AUDITOR'S REPORT OF EVENT DATE

I) In respect of fixed assets:

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 during the year, having regard to the size of the company and the nature of its assets. We are informed that no material discrepancies were noticed by the management on such verification.

II) In respect of Inventories:

c) The physical verification of inventory has been conducted at regular intervals by the management.

d) The procedure of physical verification of inventory followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business.

e) The company has been maintaining proper records of the inventory and no material discrepancies were noticed.

III) In respect of any loans, secured or unsecured granted by the Company to other companies, firms or other parties covered in the register maintained under section 189 of the Companies Act, 2013 :

The company has not granted any loans and advances in the nature of loans to parties covered in the register maintained under section 189 of the Companies Act, 2013.

IV) In respect of Internal Controls:

a) There is an adequate internal control system commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services.

b) There is no continuing failure to correct major weakness in the internal control system.

V) In respect of Acceptance of Public Deposits:

The Company has not accepted any deposits from the public covered under Section 73 to 76 of the Companies Act, 2013.

VI) In respect of cost records:

The Company is not required to maintain cost records as prescribed by the Central Government u/s 148(1) of the Companies Act, 2013.

VII) In respect of Payment/ Non-payment of Statutory Dues:

a) The Company is generally regular in depositing undisputed statutory dues including Provident Fund, ESIC, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, Service Tax, Cess and other statutory dues with appropriate authorities when applicable subject to Point No. 7 and 11 of Note No. 15 to the Balance Sheet.

b) There are disputed statutory dues pending to be paid as mentioned in Point No. 11 of the Note No. 15 to the Balance Sheet.

c) No amount was required to be transferred to Investor Education and Protection Fund.

VIII) In respect of Erosion of Net Worth:

a) Since, the company has been registered for a period of more than five years and it does not have any accumulated losses as at the end of the financial year.

b) The company has not incurred the cash losses during the financial year into consideration.

c) However, the company had incurred the cash losses during the financial year immediately preceding the financial year into consideration.

IX) In respect of Default of Dues of Banks / Financial Institutions / Debenture Holders:

According to the records of the Company, the Company has not borrowed from Financial Institutions or banks or issued Debentures till 31st March, 2015. Hence, in our opinion, the question of reporting on defaults in repayment of dues to Financial Institutions or Banks or Debentures does not arise.

X) In respect of Guarantees given for Loans taken by others:

According to the information and explanations given to us, during the year the Company has not given any guarantee for loans taken by others from Banks or Financial Institutions.

XI) In respect of end use of term loan:

According to the records of the company, the company has not obtained any term loans. Hence, comments under the clause are not called for.

XII) In respect of Frauds noticed / reported:

No frauds on or by the Company have been noticed or reported during the year.

                                        For Shiv Pawan & Company 

                                           Chartered Accountants 

                                            Firm Reg No: 120121W

                                                             Sd/- 

                                                        Partner 

Date: 28th May, 2015                          (Shivhari B. Garg)

Place: Navi Mumbai                       (Membership No: 085517)