The Company's Management is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (the Act) with respect to 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 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 of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application fo 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.

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 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 erros. In making those risk assessments, the auditor considers internal financial control relevant of 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 th circumstances, but not for the purpose expressing an opinion on whether the Company has in place an adequate internal financial control system over the financial reporting and the operating effectiveness of such controls.

An audit also includes evaluating the appropriateness of accounting policies use and the reasonableness of the accounting estimates made by management of the company's directors as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidenace 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, a fore said 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:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2015

(b) in the case of the Statement of Profit and Loss, of the Company as 31 st March, 2015.

(c) in the case of the Cash flow Statement, of the cash flows of the Company for the year ended on the 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 (ii) of section 143 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 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 obtained all the information and explanations which to the bet 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 aforesaid financial statement comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rule, 2014.

(e) On the basis of the written representation received from the directors as on 31st March, 2015 taken on record by the Board of directors, none of the directors is disqualified as on 31 st March,2015 from being appointed as a director in term of Section 164(2) of the Act.

(f) With respect to the order matters to be included in the Auditor's Report in accordance with the 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;

1. There does not have any pending litigations which would impact its financial position.

2. The Company did not have any long term contracts including derivative contracts for which there were any material / foreseeable lossers.

3. There were no amounts, which were required to be transferred to the investor Education and Protections Fund by the Company.

Annexure referred to in our independent Auditors Report to the members of the Company on the on financial statements for the year ended 31st March 2015, we report that:

1. i) The Company has maintained proper records showing full particulars, including quantitative details and situations of fixed assets on the basis of available information.

ii) As explained to us, all the fixed assets have been physically verified by the management as per the policy of conducting the verification. In our opinion, the frequency of verification is reasonable, having regards to the size of the Company and nature of its assets. No Material discrepancies were noticed on such verification.

2 i) Physical verification of inventories has been conducted at reasonable intervals during the year by the management. In our opinion, the frequency of verification is reasonable.

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

iii)The Company is maintaining proper records of inventory. As explained to us, there were no material discrepancies noticed on physical verification of inventories as compared to the book records.

3 The Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under Sector 189 of the Companies Act. 2013, Accordingly, the paragraphs (iii) (a) & (b) of the order are not applicable

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 purchase of inventory and fixed assets and for the sale of goods, and services During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system

5 in our opinion and according to the information and explanation given to us, the Company has complied with the provisions of sections 73 to 76 or any other relevant provisions of the Companies Act, 2013, According to the information and explanations given to us, no order has been passed by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any other Tribunal on the Company in respect of deposit accepted by the Company.

6. We have broadly reviewed the cost records maintained by the Company pursuant to the company as prescribed by the Central Government under section 148 (1) of the Companies Act, 2013 and are of the opinion that prima facie the prescribed records have been maintained. We have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete.

7 a) According to the information and explanation given to us and on the basis of our examination of the records of the Company, amount deducted/ accrued in the books of account in respect of undisputed statutory dues including provident fund, income tax, sales tax, wealth tax, service tax, duty of custom, value added tax, cess and other materials statutory dues have been regularly deposited during the year by the Company with the appropriate authority, As explained to us, the Company did not have any dues on account of employees' state insurance and duty of excise.

According to the information and explanation given to us, no undisputed amount payable in respect of provident fund, income tax, sales tax, wealth tax, service tax, duty of custom, value added tax, cess and other material statutory due were in arrears as at 31 March 2015 for a period of more than six months from the date they become payable.

b) According to the information and explanations given to us, there are no dues of sales tax, income tax, service tax which have not been deposited on account of any dispute of the branch as on 31 st March 2015..

c) According to the information and explanations given to us the amount which were required to be transferred to investor education and protection fund in accordance with the relevant provision of the Companies Act, 1956 (1 of 1956) and rules there under has been transferred to such fund within time.

8 The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the financial year and in the immediately preceding financial year.

9. Based on our audit procedure and on the information and explanations given by to us, we are of opinion that the Company has not defaulted in repayment of dues to any financial institution, bank or debenture holders.

10. In our opinion and according to the information and explanation given to us, the Company has not given any guarantee for loans taken by other from banks of financial institutions during the year.

11 According to the information and explanations given to us, the Company has not raised any Term Loans during the year.

12 According to information and explanations given to us no material fraud on or by the Company has been noticed or reported during the Course of our audit.

                                                               Sd/-

                                        For Gadhia Karachiwala & Co.

Date 30-5-2015                                Chartered Accountants

                                          (Registration No. 102887W)

Place: Rajkot                                                  sd/-

                                                       (C.V. Gadhia)

                                                            Partner

                                                       M. No. 11504