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 flow s of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentations of the financial statements that gives 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 interna! 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. 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 lair view in conformity with the accounting principles generally accepted in India:

1. In the case of the Balance sheet, of the state of affairs of the Company as at 31 March 2014;

2. In the case of the Statement of Profit and Loss, of the profit for the year ended on that date;

3. In the case of the Cash Flow Statement, of the cash flows for the year ended on that date;

4. In the case of the Segment Reporting, of the segment wise revenue, result and capital employed.

Report on Other Legal and Regulatory Requirements:

1. As required by the Companies (Auditor's Report) Order, 2003. as amended, 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 comply with the Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956; and

(e) On the basis of written representations received from the directors as on 3 1 March 2014, and taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2014. from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

(f) Since the Central Government has not issued any notification as to the rate at 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

1 .a. The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

b. All the assets have been physically verified by the management during the year and there is a regular programmed of verification which, in our opinion, is reasonable, having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

c. During the year, the company has disposed off building, a major part of the Fixed Assets. According to the information and explanations given to us, we are of the opinion that the sale of the said part of Fixed Assets has not affected the going concern status of the company .

2. a. The inventory has been physically verified during the year by the management. In our opinion, the 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. The discrepancies noticed on verification between the physical stocks and the book records were not material.

3. a. During the year the company had not taken loan from other companies covered in the register maintained under section 301 of the companies Act. 1956.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in internal controls.

5. a. According to the information and explanations given to us. we are of the opinion that the transactions that need to be entered into the register maintained under section 301 of the Companies Act. 1956 have been so entered.

b. In our opinion and according to the information and explanations given to us, there are Nil transactions made in pursuance of contracts or arrangements entered in the register maintained under section 301 of the Companies Act. 1956 and exceeding the value of rupees five lakhs in respect of any party during the year.

6. This clause is not applicable to the company hence not given.

7. In our opinion, the company has an internal audit system commensurate with the size and nature of its business.

This clause is not applicable to the company hence not given.

8. a. The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, employees' state insurance, income tax. sales tax, wealth tax. custom duty, excise duty, service tax, cess and other material statutory dues applicable to it.

b. According to the information and explanations given to us, no disputed amounts payable in respect of income tax, wealth tax, sales tax. custom duty, excise duty, service tax and cess were in arrears, as at 2014 for a period of more than six months from the date they became pay able.

c. According to the information and explanation given to us, there aremo dues of sales tax. income tax, customs duty, wealth tax. excise duty, service tax and cess which have not been deposited on account of any dispute.

9. In our opinion, the accumulated losses of the company are not more than 50% of its net worth. The company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

10. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to a financial institution, bank or debenture holders.

11. We are of the opinion that the company has maintained adequate records where the company has granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

12. In our opinion, the company is not a chit fund or a nidhi mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the Companies Order, 2003 are not applicable of the company.

13. In our opinion, the company is not dealing in or trading in shares, securities, debentures and other investments.. the provisions of clause 4(xiv) of the companies Order, 2003 are not applicable of the company.

14. In our opinion, the terms and conditions on which the company has given guarantees for loans taken by others from banks or financial institutions are not prejudicial to the interest of the company .

15. In our opinion, the terms loans have been applied for the purpose for which they were raised.

16. To the information and explanations given to us, and on an overall examination of the balance sheet of the company, we report that the no funds raised on short-term basis have been used for long term investment. No long- term funds have been used to finance short-term assets except permanent working capital.

17. To the information and explanations given to us. the company has not made preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act.

18. Clause is not applicable to the company hence not given.

19. This clause is not applicable to the company hence not given.

20. 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 SIJDHIR CHAUDHARY & ASSOCIATES CHARTERED ACCOUNTANTS

Sd/- SUDHIR CHAUDHARY (PARTNER) M. No. 091302 FR No. 015222N

PLACE: FARIDABAD DATED: 30th MAY, 2014