Auditor Report of ANS Industries Ltd.

Mar 31, 2016

AUDITOR''S REPORT OF THE AUDITORS TO THE MEMBERS OF ANS INDUSTRIES LIMITED

1. Report on the Financial Statements

We have audited the accompanying financial statements of ANS INDUSTRIES LIMITED which comprise the Balance sheet as at March 31, 2016 and the Statement of Profit and Loss for the year then ended on this date , and a summary of the significant accounting policies and other explanatory information.

2. Management''s Responsibility for the Financial Statements

The Company''s Board of Directors 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 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 maintained of adequate accounting records in accordance with the preparation of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies , making judgments and estimates that are reasonable and prudent , and design implementation and maintained 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.

3. Auditor''s Responsibility

i) Our responsibility is to express an opinion on these financial statements bases on our audit.

ii) We conducted our audit in accordance with the Standards on Auditing specified in Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform that audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

iii) 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 accounting estimates made by the Management , as well as evaluating the overall presentation of the financial statements.

iv) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

4. 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:

i) In the case of Balance Sheet , of the state of affairs of the Company as at March 31, 2016; and

ii) In the case of the Statement of Profit and Loss , of the profit of the Company for the year ended on that date.

5. Report on Other Legal and Regulatory Requirements

i) As required by the Companies (Auditor''s Report) Order, 2015 ("the Order") issued by the Central Government 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 paragraphs 3 an 4 of the Order,

ii) AS required by Section 143(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 accounts 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 and Statement of Profit and Loss dealt with by this Report are in agreement with the books of account.

d. In our opinion the financial statement comply with the accounting standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2014.

e. The matter described in the Emphasis of Matter paragraph above , our opinion , did not have and advance effect on the functioning of the Company.

f. On the Basis of the written representations received from the directors as on March 31, 2016 taken on record by the Board of Directors , none of the directors is disqualified as on March 31, 2016 from being appointed as a director in terms of Section 164 (2) of the Act.

g. With respect to the other matters to be included in the Auditor''s reportin 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 explanations given to us:

i) The Company does not have any pending litigations which would impact its financial positions.

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

iii) There were no amounts which were required to be transferred to the Investor education and Protection fund by the Company.

Referred to in paragraph 3 of our Report of even date.

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

b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assts of the company shall be verified in a phased manner, which in our opinion, is reasonable having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. The Company is using its factory for processing vegetables & fruits. Internal physical verification procedure is in place.

3. The company has granted loans, unsecured, to companies listed in the Register maintained under section 301 of the Companies Act, 1 956.

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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Register maintained under section 301 of the Companies Act, 1956,

6. The company has not accepted any deposits form the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956. Accordingly, clause 4 (viii) of the order is not applicable.

9. a) According to the information and explanations given us, and on the basis our examination of the books of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31^st March'' 2016 for a period of more than six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has taken loans, secured and unsecured, from financial institution and bank. The Company not issued any debentures during the year. Accordingly, clause 2 (xi) of the Order is not applicable.

i) Punjab National Bank Rs.15831649.22

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi/ Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan for factory building / plant & machinery during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilized for long-term investment and vice versa.

17. According to the information and explanations given to us, 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, 1 956.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

21. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

For GAUR V. K. & COMPANY

Chartered Accountants

Sd/-

(Vinod Kr. Gaur)

Place : New Delhi.

Dated : 30-05-2016

---

Mar 31, 2015

We have audited the accompanying Standalone financial statements of ANS INDUSTRIES LIMITED which comprise the Balance sheet as at March 31, 2015 and the Statement of Profit and Loss for the year then ended on this date, and a summary of the significant accounting policies and other explanatory information.

2. Management's Responsibility for the Financial Statements

The Company's Board of Directors 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 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 preparation of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of 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.

3. Auditor's Responsibility

i) Our responsibility is to express an opinion on these financial statements bases on our audit.

ii) We conducted our audit in accordance with the Standards on Auditing specified in Section 143 (10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform that audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

iii) 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 accounting estimates made by the Management, as well as evaluating the overall presentation of the financial statements.

iv) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

4. 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:

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

ii) In the case of the Statement of Profit and Loss, of the Profit of the Company for the year ended on that date.

5. Report on Other Legal and Regulatory Requirements

i) As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by the Central Government 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 paragraphs 3 an 4 of the Order,

ii) AS required by Section 143 (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 accounts 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 and Statement of Profit and Loss dealt with by this Report are in agreement with the books of account.

d. In our opinion the financial statement comply with the accounting standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e. The matter described in the Emphasis of Matter paragraph above, our opinion, did not have and advance effect on the functioning of the Company.

f. On the Basis of the written representations received from the directors as on March 31, 2015 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.

g. With respect to the other matters to be included in the Auditor's reporting 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 explanations given to us:

i) The Company does not have any pending litigations which would impact its financial positions.

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

iii) There were no amounts which were required to be transferred to the Investor education and Protection fund by the Company.

Referred to in paragraph 3 of our Report of even date.

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

b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assets of the company shall be verified in a phased manner, which in our opinion, is reasonable having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. The Company is using its factory for processing vegetables & fruits. Internal physical verification procedure is in place.

3. The company has granted loans, unsecured, to companies listed in the Register maintained under section 189 of the Companies Act, 2013.

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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Register maintained under section 189 of the Companies Act, 2013.

6. The company has not accepted any deposits from the public within the meaning of sections 73 to 76 of the Companies Act, 2013 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under section 148 (1) of the Companies Act, 2013 and the Companies (Cost Record and Audit) Rules 2014 as amended from time to time.

9. a) According to the information and explanations given us, and on the basis our examination of the books of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March' 2015 for a period of more than six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has taken loans, secured or unsecured, from Punjab National Bank (Rupees: One Carore Ninty Eight Lakh Fifty Nine Thousand Forty Four and Paise Twenty Two Only) and Zuari Financial Services (Rupees: Twenty Six Carore Only) Company has not issued any debentures during the year.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi / Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan for factory building / plant & machinery during the year. Accordingly clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilized for long-term investment and vice versa.

17. According to the information and explanations given to us, the company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 189 of the Companies Act, 2013.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

For GAUR V. K. & COMPANY

Chartered Accountants

Sd/-

Place : New Delhi. (Vinod Kr. Gaur)

Dated: 29-05-2015 Prop.

---

Mar 31, 2014

1. We have audited the attached Balance Sheet of ANS INDUSTRIES LIMITED, as at 31st March'' 2014, the Profit & Loss Account and also the Cash Flow statement of the Company for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Company''s management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also including assessing the accounting principles used and significant estimates made by management, as well as evaluating the over all financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditor''s Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to in paragraph 3 above:

(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 the books.

(c) The Balance Sheet and Profit & Loss Account and cash flow statement dealt with by this report are in agreement with the books of account of the company.

(d) In our opinion, the Balance Sheet and Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the mandatory Accounting standard referred in section 211 (3C) of the Companies Act, 1956.

(e) On the basis of written representation received from the Directors and taken on record by the Board of Directors, we report of none of the directors are disqualified as on 31st March'' 2014 from being appointed as directors in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

(f) In our opinion and to the best of our information and according to the explanation given to us, the said Balance Sheet and Profit and Loss Account read together with the Significant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view:

(i) In so far as it relates to Balance Sheet, of the state of the affairs of the company as at 31st March'' 2014 and,

(ii) In so far as it relates to the Profit and Loss Account, of the profit in the company for the year ended on that date.

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

Referred to in paragraph 3 of our Report of even date.

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

(b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assts of the company shall be verified in a phased manner, which in our opinion, is reasonable having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. The Company is using its factory for processing vegetables & fruits. Internal physical verification procedure is in place.

3. The company has granted loans, unsecured, to companies listed 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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Register maintained under section 301 of the Companies Act, 1956.

6. The company has not accepted any deposits form the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has prescribed maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956.

9. (a) According to the information and explanations given to us, and on the basis of our examination of the books

of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it.

(b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March'' 2014 for a period of more then six months from the date they became payable.

(c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has taken loans, secured from bank against stock & Debtors, has not issued any debentures during the year. Accordingly, clause 2 (xi) of the Order is not applicable.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi/Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan for factory building / plant & machinery during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilised for long-term investment and vice versa.

17. According to the information and explanations given to us, 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.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

Place : New Delhi For Gaur V. K. & Company Dated : 30-05-2014 Chartered Accountants

Sd/- (Vinod Kr. Gaur) Prop.

---

Mar 31, 2013

1. We have audited the attached Balance Sheet of ANS INDUSTRIES LIMITED, as at 31st March'' 2013, the Profi t & Loss Account and also the Cash Flow statement of the Company for the year ended on that date, annexed thereto. These fi nancial statements are the responsibility of the Company''s management. Our responsibility is to express an opinion on these fi nancial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the fi nancial statement. An audit also including assessing the accounting principles used and signifi cant estimates made by management, as well as evaluating the over all fi nancial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditor''s Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specifi ed in paragraphs 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to in paragraph 3 above:

a) We have obtained all the information and explanations, which to the best of our knowledge and belief were neces- sary 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 the books.

c) The Balance Sheet and Profi t & Loss Account and cash fl ow statement dealt with by this report are in agreement with the books of account of the company.

d) In our opinion, the Balance Sheet and Profi t and Loss Account and Cash Flow Statement dealt with by this report comply with the mandatory Accounting standard referred in section 211 (3C) of the Companies Act, 1956.

e) On the basis of written representation received from the Directors and taken on record by the Board of Directors, we report of none of the directors are disqualifi ed as on 31st March'' 2013 from being appointed as directors in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanation given to us, the said Balance Sheet and Profi t and Loss Account read together with the Signifi cant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view:

i) in so far as it relates to Balance Sheet, of the state of the affairs of the company as at 31st March'' 2013 and, ii) in so far as it relates to the Profi t and Loss Account, of the profi t in the company for the year ended on that date. iii) In the case of the Cash Flow Statement, of the cash fl ows for the year ended on that date.

Referred to in paragraph 3 of our Report of even date.

1. a) The company has maintained proper records of fi xed assets showing full particulars including quantitative details and situation of its fi xed assets.

b) According to the information and explanations given to us, the company has formulated a regular Programme of verifi cation by which all assts of the company shall be verifi ed in a phased manner, which in our opinion, is reason- able having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verifi cation conducted during the year as compared with books record.

2. The Company is using its factory for processing vegetables & fruits. Internal physical verifi cation procedure is in place.

3. The company has granted loans, unsecured, to companies listed 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 pro- cedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fi xed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Reg- ister maintained under section 301 of the Companies Act, 1956,

6. The company has not accepted any deposits form the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the mainte- nance of cost records under section 209 (1) (d) of the Companies Act, 1956. Accordingly, clause 4 (viii) of the order is not applicable.

9. a) According to the information and explanations given us, and on the basis our examination of the books of ac- count, the company has been regular in depositing with appropriate authorities undisputed statutory dues includ- ing provident fund, investor education & protection fund, employees'' state insurance, income-tax, sales tax, wealth tax, custom duty, excise duty, cess and other material statutory dues, if and/or when applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March'' 2013 for a period of more then six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has neither taken any loans, secured or unsecured, from any fi nancial institution or bank nor issued any debentures during the year. Accordingly, clause 2 (xi) of the Order is not applicable.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi/ Mutual Benefi t Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and deben- tures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and fi nancial institutions.

15. The company has not obtained any term loan for factory building/plant and machinery during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow State- ment of the Company, we report that no funds raised on short-term basis have been utilised for long-term investment and vice versa.

17. According to the information and explanations given to us, 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.

18. According to the information and explanations given to us, the company has not issued any secured debentures dur- ing the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

Place : New Delhi For Gaur V. K. & Company

Dated : 30-05-2013 Chartered Accountants

Sd/-

(Vinod Kr. Gaur)

---

Mar 31, 2012

REPORT OF THE AUDITORS TO THE MEMBERS OF ANS INDUSTRIES LIMITED

1. We have audited the attached Balance Sheet of ANS Industries Limited, as at 31st March'' 2012, the Profit & Loss Account and also the Cash Flow statement of the Company for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Company''s management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also including assessing the accounting principles used and significant estimates made by management, as well as evaluating the over all financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditor''s Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to in paragraph 3 above:

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 the books.

c) The Balance Sheet and Profit & Loss Account and cash flow statement dealt with by this report are in agreement with the books of account of the company.

d) In our opinion, the Balance Sheet and Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the mandatory Accounting standard referred in section 211 (3C) of the Companies Act, 1956.

e) On the basis of written representation received from the Directors and taken on record by the Board of Directors, we report of none of the directors are disqualified as on 31st March'' 2012 from being appointed as directors in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanation given to us, the said Balance Sheet and Profit and Loss Account read together with the Significant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view:

i) in so far as it relates to Balance Sheet, of the state of the affairs of the company as at 31st March'' 2012 and,

ii) in so far as it relates to the Profit and Loss Account, of the profit in the company for the year ended on that date.

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

ANNEXURE TO AUDITORS'' REPORT

Referred to in paragraph 3 of our Report of even date.

1. a) The company has maintained proper records of fixed assets showing full particulars including quantitative details and situation of its fixed assets. b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assts of the company shall be verified in a phased manner, which in our opinion, is reason- able having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. The Company is using its factory for processing vegetables & fruits. Internal physical verification procedure is in place.

3. The company has granted loans, unsecured, to companies listed 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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Register maintained under section 301 of the Companies Act, 1956,

6. The company has not accepted any deposits from the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956. Accordingly, clause 4 (viii) of the order is not applicable.

9. a) According to the information and explanations given us, and on the basis our examination of the books of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March'' 2012 for a period of more then six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has neither taken any loans, secured or unsecured, from any financial institution or bank nor issued any debentures during the year. Accordingly, clause 2 (xi) of the Order is not applicable.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi/ Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilised for long-term investment and vice versa.

17. According to the information and explanations given to us, 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.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

Place : New Delhi For Gaur V. K. & Company

Dated : 30-05-2012 Chartered Accountants

Sd/-

(Vinod Kr. Gaur)

---

Mar 31, 2011

To The Members of Ans Limited

We have audited the annexed Balance sheet of ANS LIMITED, as at 31/03/2011 and the Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company''s management. Our responsibility is to express an opinion on these financial statements based on our audit.

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

1. This report does includes a statement on the matters specified in paragraph 4 of the Companies (Auditor''s Report) Order, 2003, issued by the department of company affairs, in terms of section 227 (4A) of the companies Act, 1956.

2. Further to Our comments in the annexure referred to in paragraph 1 above, we state 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 books of accounts as required by the law have been kept by the Company so far as it appears from the examination of such books;

(c) The Balance Sheet and the Profit and Loss Account , dealt with by this report, are in agreement with the said books of accounts;

(d) In Our opinion the Balance Sheet and Profit & Loss Account comply with the accounting standards referred to in Sub Section 3(c) of Section 211 of the Companies Act, 1956.

(e) On the basis of written representation received from the directors as of 31/03/2011 and taken on record by the board of directors, We report that none of the directors is disqualified as of 31/03/2011 from being appointed as a director in terms of clause (g) of sub section (1) of Section 274 of the Companies Act, 1956.

(f) In Our opinion and to the best of Our information and according to the explanations given to us, read with Accounting Policies and notes on Accounting mentioned in schedule 1 & 2, the said accounts give the information required by the Companies Act, 1956, in the manner so required give a true and fair view.

(i) In the case of the Balance Sheet, of the State of Affairs of the Company as at 31/03/2011 and;

(ii) In the case of the Profit and Loss Account, of the Loss of the Company for the year ended on that date.

ANNEXURE TO AUDITORS'' REPORT

Referred to in paragraph 3 of our Report of even date.

1. a) The company has maintained proper records of fixed assets showing full particulars including quantitative details and situation of its fixed assets. b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assts of the company shall be verified in a phased manner, which in our opinion, is reasonable having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. Physical verification of inventory has been conducted at reasonable intervals by the management.

3. As informed, the company has not granted any loans, secured or unsecured to companies, firms or other parties 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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are no transactions during the year entered in the Register maintained under section 301 of the Companies Act, 1956,

6. The company has not accepted any deposits form the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956. Accordingly, clause 4 (viii) of the order is not applicable.

9. a) According to the information and explanations given us, and on the basis our examination of the books of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March'' 2011 for a period of more then six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has taken working capital loan from bank and has not issued any debentures during the year. Accord- ingly, clause 2 (xi) of the Order is not applicable.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4 (xii) of the order is not applicable.

12. The company is not a chit fund or a Nidhi/ Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilised for long-term investment and vice versa.

17. According to the information and explanations given to us, 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.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

Place :: New Delhi For Gaur V. K. & Company

Dated :: 30-05-2011 Chartered Accountants

Sd/-

(Vinod Kr. Gaur)

---

Mar 31, 2009

1. We have audited the attached Balance Sheet of ANS LIMITED, (Formerly known as ANS Agro Industries Ltd) as at 31st March 2009, the Profit & Loss Account and also the Cash Row statement of the Company for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basts, evidence supporting the amounts and disclosures in the financial statement. An audit also including assessing the accounting principles used and significant estimates made by management, as well as evaluating the over all financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditors Report) Order, 2003 issued by the Centra) Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to in paragraph 3 above:

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 the books.

c) The Balance Sheet and Profit & Loss Account and cash flow statement dealt with by this report are in agreement with the books of account of the company.

d) In our opinion, the Balance Sheet and Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the mandatory Accounting standard referred in section 211 (3C) of the Companies Act, 1956.

e) On the basis of written representation received from the Directors and taken on record by the Board of Directors, we report of none of the directors are disqualified as on 31st March 2009 from being appointed as directors in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanation given to us, the said Balance Sheet and Profit and Loss Account read together with the Significant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view:

i) in so far as it relates to Balance Sheet, of the state of the affairs of the company as at 31st March 2009 and,

ii) in so far as it relates to the Profit and Loss Account, of the profit in the company for the year ended on that date.

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

ANNEXURE TO AUDITORS REPORT Referred to in paragraph 3 of our Report of even date.

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

b) According to the information and explanations given to us, the company has formulated a regular Programme of verification by which all assts of the company shall be verified in a phased manner, which in our opinion, is reasonable having regard to the size of the company and nature of its assets. To the best of our knowledge, no material discrepancies were noticed on verification conducted during the year as compared with books record.

2. The company has given its factory including Building and Plant & Machinery on lease. Therefore, no procedure was adopted for physical verification of inventory.

3. The company has granted loans, unsecured, to companies listed 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, for the purchase of inventory and fixed assets and for the construction receipts. During the course of our audit, no major weakness has been observed in the internal controls.

5. According to the information and explanations given to us, there are transactions during the year entered in the Register maintained under section 301 of the Companies Act, 1956,

6. The company has not accepted any deposits form the public with in the meaning of sections 58A of and 58AA of the Companies Act, 1956 and the rules framed there under, during the year under audit.

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

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under section 209 (1)
9. a) According to the information and explanations given us, and on the basis our examination of the books of account, the company has been 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, cess and other material statutory dues, if and/or when applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education & protection fund, employees state insurance, income tax, sales tax, custom duty, excise duty and cess were in arrears, as at 31st March 2009 for a period of more then six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of provident fund, investor education & protection fund employees state insurance, income tax, sales tax, custom duty, excise duty and cess which have not been deposited with the appropriate authorities on account of any dispute.

10. The company has neither taken any loans, secured or unsecured, from any financial institution or bank nor issued any debentures during the year. Accordingly, clause 2 (xi) of the Order is not applicable.

11. According to the information and explanations given to us, the company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. Accordingly, clause 4
12. The company is not a chit fund or a Nidhi/ Mutual Benefit Fund/ society. Therefore, the provisions of clause 4 (xiii) of the order are not applicable to the company.

13. According to the information and explanations given to us, the company is not dealing in shares, securities and debentures. Therefore, the provisions of clause 4 (xiv) of the order are not applicable of the company.

14. According to the information and explanations given to us, the company has given guarantee for loans taken by other company from banks and financial institutions.

15. The company has not obtained any term loan during the year. Accordingly, clause 4 (xvi) of the order is not applicable.

16. According to the information given to us, and on an overall examination of the Balance Sheet and Cash Flow Statement of the Company, we report that no funds raised on short-term basis have been utilised for long-term investment and vice versa.

17. According to the information and explanations given to us, 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.

18. According to the information and explanations given to us, the company has not issued any secured debentures during the period covered by our report. Accordingly, the provisions of clause 4 (xix) of the order are not applicable to the company.

19. The company has not raised any money through a public issue during the year.

20. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of out audit.

For GAUR V. K. & COMPANY. CHARTERED ACCOUNTNATS

(VlNOD KR. GAUR)

Prop.

Place:: New Delhi Dated ::30.06.09