We have audited the accompanying financial statements of Atcom Technology Limited ('the Company'), which comprise the Balance sheet as at 31 March 2013, and the Statement of Profit and Lass and the Cash Flow Statement for the year then ended, and a summary off significant accounting policies and ether explanatory inform action,

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 2013 of Section 211 of the Companies Act, 1966 ('the Act') This responsibility includes the design implementation and maintenan.ee the internal control relevant to the preparation anal presentation of the financial statements that give a true made fair view and arc free from material nuns statement, whether due to fraud Cir 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 retirements and plan and perform the audit to obtain reasonable assurance about whether 1 he Financial statements are free from material misstatement An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement* The procedures sedated depend can the auditor's judgment. including the assessment of the risks of material statement of the financial statements, whether due to fraud orator. In making those reassessments, the auditor considers internal control reward to the Company's preparation and fair presentation of the binaural statements In Order to design audit procedure the tare .appropriate in the circumstances. An audit also Includes evaluating the appropriateness of accounting policies used and the reasonableness of the demounting, 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 our information and according to the explanations given to us, the financial statements Rive the promotion required by the Aft in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

i. in case of the Balance sheet of the state of affairs of the company as at March 2013;

ii. in case of the statement of profit and loss of the profit of the company for the year ended on that date; and

iii. in case of the cash flow statement of the flows of the company for the year ended on that date;

REPORT OH OTHER Legal AND REGULATOR Y REQUIREMENTS

1. As required by the Companies (Auditors' Freeport) Order. 1,00,000th e Order issued by the Central Government of India in terms of Sub- Sect :on {4A] of Section ill of the act, we give in the Annexure a statement on the matters specified In paragraphs 4 and S of the said Order.

2. As required by section 2 27 (3) of the act, we report that:

a. We have obtained a lithe information and explanations which Co the best of our knowledge and belief were necessary for the purpose of our audit;

b. In our opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of these books

c. The Balance sheet, the Statement of Profits& Loss Account and the Cash flow statement referred to in report are in a agreement with turn this report are in agreement with the books

d. In our opinion, the Balance Sheet, the Statement of Profit & Loss Account antlike Cash Flow Statement have been prepared in comply with the Accounting and the cash referred In Sub- Section (3C) Of Section 211 of the act; and

e. On the bastes of the Written representations received from the Directors Of the company, as of 31st March, 2013 are taken on retard by, the Board of Directors, we report that none other Directors is disqualified as on 31st March, 2013 from being appointed as a Director in terms of clause (g) of sub- section (1} of Section 27 4 of the Act.

(Referred to in paragraph of the Auditors' Report of even date to the members of Atoom Technologies Limited on the accounts for two period ended 3Isn March, 2013.}

1) (a) The Company has maintained proper records to show t:ie lull particulars of agents including -quantitative details and situation of fixed assets but the updating of the same is still in process.

(ij) The fixed assets have been physically verification by the management and no material discrepancies were noticed on such verification.

(c) In Our opinion, and according to the information and explanations given to us a substantial part Of fixed asset has not been discoed by the Company during the year.

2) (a) Inventories have been physically verification during the year by the management in our opinion the frequency of verifications reasonable.

(b] The procedure physical verification of Inventory followed by the management is a equate in relation to the size of the company to the nature of business.

(c) The Company in maintaining the proper record; of inventory No discrepancies noticed on Verification between the physical stocks and book records.

3) (a) The Company has not granted loan to Companies, Films or other parties care red in the register marital under section 301 to the Compares Act 1956.

(b) The Company has not taken loan from companies firm or other parties towered the register maintained under section 301 of the Composes Act. 1356.

4) In our coin ion and according to the information and explanations given to us, there are adequate internal; control priced Lifts commensurate with the size of the Company and nature of its business. There is no major weakness in the internal control procedures.

5) {a) In bur opinion and according to the Information and explanations given to us, there are no transaction made In pursuance of (mitigate or arrangements enter in the register maintained under section 3D of the Companies Act 1956.

(b) In our opinion, and according to the information and emanations given to us, the transactions of purchase of Foods, materials or services and sale of goods, materials or services, made in pursuance of contracts or arrangements referred to In (a) above and exceeding the vaguer of Rs. 5 facts with any party during the year have been made at ponies which are reasonable having regard to the prevailing market price at the relevant time.

6)In our opinion. and according to the diner Mallon and explanations given to us. directives issued by the Reserve limited of India and the pavestones of sec Lions Section SSA and 58AA or any other relevant provisions of the Companies Act, 1356 and the rules framed there under, To the extent applicable, have been complied with. We are informed by the management that no order has been passed by the Company taw Board, National Company Limited Tribunal or Reserve Bank of India or any court other Tribunal.

7)The Company did not have an Internal audit system during the year.

S) We are informed that the maintenance of east records has not been by the Central Government under section 209 (1) (d) of the Companies Act, 1956. in respect of Company product

9) (a) The Company is regular in depositing under is putted statutory dues with the a appropriate authority.

(b) According to the information and explanations given to us there are no undisputed statutory dues payable in respect of Provident limited Investor Education and Protection Fund, Employees State Insurance, Income' tax. Safes Tax, Custom Duty, Excise Duty, Cess which have not been deposit ted cm account of any dispute, ewe at mentioned as below.

L Income Tax dues to the extent of Rs. 3,02,51.440/-pending before ITAT.

2, Income tax dues to the extent of Rs 1,90,94,077/- pending before ClT (Appeal).

3, Excised Duty to the extent of Rs 4.89,95442/-pending before CE5AT

4. Sales Tax to the eaten t of Rs. 30,36,7l4/- (Appeal)

5. DGFT/ Custom Duly to the extent of Rs.51,08,995/-

6 Provision for Employees Gratuity / Pending claim for PF / E5IC/LWF

1. Others various case pending for Lower court / High Court/in all over India Pending recovery suit / Wending up petitions from unsecured crediting.

The Company has not incurred say cash losses during the financial year covered by our audit. However the Company had incurred cash losses in immediately preceding financial year.

10) The Company defaulted in repayment of dyes to the financial Institutions, Banks and detente holders. the period of default more than 365 days in each case.

11) The Company limas not granted any loans and advances on tied basis of security by way of pledge of shares, debenture sand other securities.

12) The provisions of any loans and advances on the basis of security by way of pledge of shares fund are applicator to the company

13) unit opinion, the Company's not dealing in or trading in shares, debenture sand stone- investments.

14) The Company has not given any during the year.

15) The Company has not raised any term loans.

16) The company has not issued any money by way of public issue during the year.

17) The Company has not raised any money by way of public issue during the year.

18) The Company ha; not made any preferential allotment of shares during the year.

19) As per the information and explanation given to us no Maternal fraud on or by the Company has been noticed during the year.

                                        for G. C.Pate I & Co,

                                        Chartered Accountant 

                                        FRM: 113693W

                                               sd/-

                                        Gnaneshwar C Patel

Place: Mumbai                             Partner

Dated:30th May, 2013                   Mem,N0.047327