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Auditor Report of Atishay Ltd.

Mar 31, 2015

Referred to in our report of even date

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

(b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification 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 by the management of the company, on such verification.

(ii) There are no inventories held by the company.

(iii) The Company has not granted loans, secured or unsecured to the companies, firms or other parties covered in the register maintained under section 189 of the Companies Act, 2013.

(iv) In our opinion and according to the information and explanation 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, fixed assets and with regard to the sale of goods and services. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in internal controls.

(v) The company has not accepted deposits under the provisions of sections 73 to 76 or any other relevant provisions of the Companies Act, 2013.

(vi) The Central Government has not prescribed for the maintenance of cost records under section 148 (1) of the Companies Act, 2013 for the company.

(vii) (a) The company, as per information given, is regular in depositing undisputed statutory dues including provident fund, employees ''state insurance, income tax, sales tax and other material statutory dues applicable to it with appropriate authorities.

(b) According to the information and explanation given to us, there are no dues of sale tax, income tax, wealth tax, excise duty and cess which have not been deposited on account of any dispute.

(c) No amount is required to be transferred to Investor Education and Protection fund in accordance with the relevant provisions of the Companies Act, and rules made hereunder.

(viii) The company has been registered for a period not less than five years and there are no accumulated losses at the end of the financial year. It has not incurred cash losses in the financial year covered by our audit and the immediately preceding financial year.

(ix) As per the information and explanation given and according to records provided to us, the Company has not defaulted in repayment of dues to a financial institution or bank or debenture holders.

(x) As per the information and explanation given and according to records provided to us, the company has

not given any guarantee for loans taken by others from bank or financial institutions therefore, the terms and conditions whereof are not prejudicial to the interest of the company.

(xi) As per the information and explanation given and according to records provided to us, the company has applied term loans for the purpose for which the loans were obtained.

(xii) During the course of our audit, we have not noticed any fraud on or by the company and no fraud was reported during the year.

CHARTERED ACCOUNTANTS

Date: 25/04/2015

Place: Bhopal

CA.M.K. SHARMA

(PARTNER)

M.NO. 084503 FRN-008730N

 
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