Management's Responsibility for the Financial Statements

The company board of directors is reponssible for the matters stated in the section 134(5) of the companies Act 2013 ("the act") with respect to the perpartion of thise financial stements that give and fair view of the financial performance and case flows of the company in accordance with thwe accounting principles generally accepted in indis inclding the accounting standars specific under section 133 of the read with 7 of the compines rules 2014. and arc 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, thereunder.

We conducted our audit in accordance with the Standards on Auditing spedfied under se^ 143(10)rftte Act Those Standards require that we comply with ethical requirements and plan and perform the u act. those no suggestions. require obtain reasonable assueance about whether the financial statements are free from material -merit.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis fo audit opinion on these financial statements.

Opinion:

In our opinion and to the best of our information ami 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:

a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015;

b) in the case of the Statement uf Profit and Loss, of the Profit for the year ended on that date; and

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

Rennet on Other Let'al 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 Section 143(11) of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by section 143 (3) uf the Act, wc 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 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 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 by 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 uf the Companies (Accounts) Rules, 2014.

e) On the basis of written representations received from the directors as on March 31, 2015 and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 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 Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanation given to us,

i. The company does not have any pending litigations which would impact its financial position;

ii. The Company did not have any long term contracts including derivative contracts for which there were any material foreseeable losses; and

iii. There were no amounts which were required to he transferred to the Investor Education and Protection Fund by the Company.

The Annexure referred to in paragraph 1 under `Report on other Legal and Regulatory Requirement' section of our report of even date. We report that:

I. (a) The company has maintained proper records showing roll particulars including quantitative details and situation of its fixed assets.

(b) As explained to us, fixed assets have been physically verified by the management at reasonable intervals; no material discrepancies were noticed on such verification.

II. (a) As explained to us, inventory have been physically verified during the year by the management at reasonable intervals.

(b) In our opinion and according to the information and explanations given to us the P^^es of physical venfication of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

(e) In our opinion and on the basis of our examinauon of the records, the Company is generally mamtaining proper records of its inventories. No material discrepancy was nottced on physical verification of stocks by the management as compared to book records.

Ill According to the information and explanations given to us and on the basis of our examination of theC books of account, the Company has not granted any loans secured or unsecured to companies, firms or other parties covered in the register maintamed under section 189 of the Companies Act.

IV. in our opinion and according to the information and explanations given to us, there is generally an adequate internal control procedure commensurate with the size of the company and he naturef its business, for the purchase of inventories & fixed assets and services. During the course of our audit, no major instance of continuing lailurc to coned any weaknesses in the internal controls has been noticed.

V. Based on the audit procedures applied by us and according to the mformation and explanations provided by the management, the company has not accepted deposits from public.

VI. As per information and explanation given by the management, maintenance of cost records has not been prescribed by the Central Government under subjection (1) of section 148 of the Companies Act, 2013.

VII. (a) According to the records of the company, the company is regular in depositing undisputed statutory dues including Provident Fund, Employees' Slate France, Income-tax. Sales-tax Wealth Tax, Service Tax, Custom Duty, Excise Duty, value added tax, cess and any other statutory dues and there are no statutory dues outstanding as on 31 March, 2015 for a period of more than six months from the date they became payable.

(b) According to the information and explanations g.ven to us, there is no amounts payable in respect of income tax, wealth tax, service tax, sales tax, customs duty, excise duty or cess which have not been deposited on account of any disputes.

M According to the information and explanations given to us, there are no amounts required to be transferred to the Investor Education and Protection Fund in accordance With the provisions of the Companies Act, 1956 and rules made thereunder.

VIII. The company has been incorporated for a period exceeding five years. The company has no accumulated losses. It has not incurred cash loss during the financial year covered by our audit and in the immediately preceding the financial year

IX. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holders.

X. According information and explanation given to us the company has not given any guarantee for loans taken by others from bank or financial institution, the terms and conditions whereof are prejudicial to the interest of the company.

XI. In our opinion and according to the information and explanations given to us, the term loans have been applied for the purpose for which they were raised.

XII. Based on the information and explanations given to us and on an overall examination of the Balance Sheet of the Company as at 31st March, 2015, we report that no funds raised on shortterm basis have, prima-facie, been used for long-term investment by the Company and vice-versa.

XIII. Based on the audit procedures performed and the information and explanations given to us, we report that no fraud on or by the Company has been noticed or reported during the year, nor have we been informed of such case by the management.

                                                For PARY & CO.
                                                Chartered Accountants
                                                KRN; 007288C

                                                       AKASH GACLANI
Place : Surat                                               Partner
Date : May 30,2015                           Membership No.: 114255