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

b) As explained to us, the fixed assets have been verified by the management during the year in accordance with a phased programme of verification formulated by the company, 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) In our opinion, and according to the information and explanations given to us,a substantial part of fixed assets has been disposed off by the Company during the year and the going concern status of the company is not affected.

2. In respect of shares held as stock in trade:

a) As explained to us, the shares were physically verified by the management at reasonable intervals during the year.

b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of shares followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business.

c) In our opinion and according to the information and explanation given to us, the Company has maintained proper records of its shares and the discrepancies noticed on such physical verification between physical stock and book records are not material and have been adequately dealt within the books of accounts.

3. a) The company has granted unsecured interest free loan to a company as listed in the register maintained under section 301 of the Companies Act 1956 amounting to Rs. 68,95,000/- (Maximum amount involved during the year was Rs 68,95,000/-)ln our opinion, terms and conditions of such loan are prima facie not prejudicial to the interest of the Company. The receipt of interest free principal amount is also regular.

b) In our opinion and according to the information and explanations given to us ,the company has not taken any loans secured or unsecured from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly paragraphs 4(iii) (e) ,(f) and (g) of the order are not applicable.

4. In our opinion, and according to the information and explanation given to us, we are of the opinion that there are adequate internal control commensurate with the size of the company and nature of its business. We have not noted any continuing failure to correct major weaknesses in the internal control.

5. a) In our opinion and according to the information and explanations given to us, the transactions that need to be entered in the register on pursuance of section 301 of the Act have been so entered.

b) The transactions have been made at prices which are reasonable with regard to the prevailing market prices at the relevant time.

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2014:

(b) in the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date, and

(c) in the case of the Cash Flow Statement, of the cash flows of the Company 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") 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 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. Statement of Profit and Loss, and the 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 the Cash Flow Statement comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act. 1956 read with the General Circular 15 /2013 dated 13th September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,2013.; and

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

Independent Auditor's Report To the Members of Vishvjyoti Trading Limited

Report on the Financial Statements

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

Management's Responsibility for the Financial Statements

The Company's 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 21 1 of the Companies Act. 1956 ("the Act") read with the General Circular 15/2013. dated 13 September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act.2013, 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.

Auditors' 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 the 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 the 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. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overa 1 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 in conformity with the accounting principles generally accepted in India:

Auditor's Report On Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Clause 41 of the Listing Agreement

Board of Directors of Vishvjyoti Trading Limited

We have audited the quarterly financial results of Vishvjyoti Trading Limited for the quarter ended 31st March, 2014 and the year to date results for the period 1st April, 2013 to 31st March, 2014 attached herewith, being submitted by the company pursuant to the requirement of clause 41 of the Listing Agreement except for the disclosures regarding 'Public Shareholding, and 'Promoter and Promoter Group Shareholding, which have been traced from disclosures made by the management. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25, interim Financial Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2306 as per Section 211(3c) of the Companies Act, 1956 or by the Institute of Chartered Accountants of India and Other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement (s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results:

(i) Are presented in accordance with the requirements of clause 41 of the Listing Agreement in this regard: and

(ii) Give a true and fair view of the net profit/loss and other financial information for the quarter ended 31s' march 2014 as well as the year to date results for the period from 1st April,2013 to 31st March 2014.

Further we also report that we have, on the basis of the books of account and other records and information and explanations given to us by the management, also verified the number of shares as well as percentage of shareholdings in respect of aggregate amount of public shareholdings, as furnished by the company in terms of clause 35 of the listing Agreement and found the same to be correct.

For, Jain & Co., Chartered Accountants FRN:302023E

Ashok Kumar Jain Partner (Membership No.51771)

Place: New Delhi Dated: 30th May 2014