MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors is responsible for the preparation of these financial statements in terms of the requirements of the Companies Act 2013 that give a true and fair view of the financial position, performance and cash flows 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 Rules 2014. The respective Board of Directors of the company are responsible for maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities, the selection and application of appropriate accounting policies, making judgment and estimates that are reasonable and prudent and the design, implementation and maintenance of adequate internal financial control, 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, which have been used for the purpose of preparation of consolidated financial statements by the Directors of the company, aforesaid.

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 there under.

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 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.

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, of the state of affairs of the Company as at 31st March 2015 and its profit and its cash flows for the year ended on that date.

REPORT ON OTHER LEGAL THE REGULATORY REQUIREMENTS

1. As required by the companies (Auditor's report) order 2015, issued by the Central Govt, 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, the statement of profit and loss and the cash flow statement dealt with 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 st March 2015 taken on record by the Board of Directors, 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 has made provision, as required under the applicable law or accounting standards.

ii. Provident Fund and ESI deposited by the company every month mostly in time but in few months it is delay by few days.

The annexure referred to in our Auditor's Report to the members of the Company on the financial statements for the year ended 31 st March 2015, we report that;

1. a The company has maintained proper records to show full particulars including quantitative details and situations of its fixed assets

b. As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, 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.

c. In our opinion; the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us inventories have been physically verified by the management at regular intervals during the year.

b. In our opinion and according to the information's and explanations given to us, 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 has maintained proper records of the inventories. As explained to us, there were no material discrepancies. noticed on physical verification of inventory as compared to the book records.

3. In respect of loans, secured or unsecured, granted or taken by the company to/from companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956.

a. The Company had not taken the Unsecured loans covered in the register maintained under section 301 of the Companies Act, 1956 & have the Secured loans of Banks & one another party. The maximum amount involved during the year aggregating to Rs. 98.90 lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 105.85 lacs approx. The Company has not granted loans to the parties during the year.

b. In our opinion, the rate of interest and other terms and conditions on which loans secured or unsecured have been taken from/granted to companies, firms or other parties listed in the registers maintained under section 301 are not, prima facie, prejudicial to the interest of the company. However, no interest has been charged on he loans given/granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of teh Companies Act, 1956.

4. In or opinion and according ;to the information's 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, no major weakness has been noticed in the internal controls.

5. No transactions covered under Section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us, there are no transactions in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 aggregating during teh year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

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

9. We have broadly reviewed the books of accounts relating the materials, labour and other items of cost maintained by the company pursuant to the Rules made by the Central Government for the maintenance of cost records under section 209 (1)(d) of the Companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the same.

10. In respect of statutory dues:

a. According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including employees' state insurance, income tax, sales tax, excise duty and other statutory dues applicable to it.

b. According to the information's and explanation given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax and excise duty were outstanding as at 31 st March, 2015 for a period of more than six months from the date they became payable.

c. According to the records of the company, there are no dues of sales tax, income tax, excise duty which have not been deposited on account of any dispute.

11. The company has accumulate losses and there is no any cash loss during the financial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the pinion that the company is not defaulted in repayment of dues of the banks.

13. In our opinion and according to the information and explanations given to us, no loans and advances have been granted by the company on the basis of security by way of pledge of shares, debentures and other securities. In our opinion, the company is not a chit fund or a Nidhi/mutual benefit fund/society. Therefore, clause 1 (xiii) of the Companies (Auditor's Report) Order 2003 is not applicable to the company.

14. Based on our examination of the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that company has invested in the shares only and nothing has been invested in securities and debentures.

15. The company has not given any guarantee for loans taken by others from bank or financial institutions.

16. The company has not raised any new term loans during the year. The loans outstanding were applied for the purposes for which they were raised.

17. According to the information and explanations 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. No long term funds have been used to finance short term assets.

18. During the year, the company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Companies Act 1956.

19. The company has not created securities in respect of debentures issued.

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

21. In our opinion and according to the information's and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

                                                 FOR AND ON BEHALF OF
                                                 M/S ANIL JAIN & CO.
                                                 CHARTERED ACCOUNTANTS.

                                                 Sd-
PLACE: HARDWAR                                  (ANIL KUMAR JAIN)
DATED: 25.5.2015                                 PROPRIETOR
                                                 MEMBERSHIP N0.070253