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Auditor Report of Autumn Builders Ltd.

Mar 31, 2015

We have audited the accompanying financial statements of Autumn Builders Limited ("the Company"), which comprise the Balance Sheet as at 31st March, 2015, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

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 let, 2013 ("the let") 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 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.

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 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 internal control relevant to 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 the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial control system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall 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 on the financial statements.

Opinion

In our opinion and to the best of our information and 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 of the state of affairs of the Company as at 31st March, 2015, and its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors' Report) Order, 2015 ("The Order") issued by the Central Government Of India in terms of Sectionl43 (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) of the Act, we report that:

(i) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

(ii) 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.

(iii) 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 accounts.

(iv) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(v) On the basis of the written representations 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 31st March, 2015 from being appointed as a director in terms of Section 164 (2) of the Act.

(vi) With respect to the other matters to be included in the luditor'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 explanations given to us:

a) The Company does not have any pending litigations which would impact its financial position.

b) The Company did not have any long term contracts including derivative contracts during the year for which there were any material foreseeable losses nor have any outstanding derivative contract at the year end.

c) The provision relating to transferring any amounts to the Investor Education and Protection Fund is not applicable to the Company during the year because there were no amounts which were required to be transferred, to the Investor Education and Protection Fund by the Company.

Annexure to the Auditor's Report: [Referred to in paragraph 1 under "Report on Other Legal and Regulatory Requirements" in the Independent iuditors' Report of even date to the members of AUTUMN BUILDERS LIMITED on the Financial Statements for the year ended 31.03.2015.]

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

(b)These fixed assets have been physically verified by the management at reasonable intervals and according to the information and explanations given to us, no material discrepancies were noticed on such verification.

ii. The Company has no Inventory. Accordingly, the provisions stated in paragraph 3(ii)(a)(b), and (c) of the order are not applicable.

iii. As informed, the Company has not granted any loan, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 189 of the Companies Act, 2013. Accordingly, the provisions stated in paragraph 3(iii)(a) and(b) of the order are not applicable.

iv. In our opinion and according to the information and explanations given to us, there exists an adequate internal control system 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 weaknesses in internal control system of the Company.

v. In our opinion and according to the information and explanations given to us, the Company has not accepted any deposit from the public, hence directives issued by the Reserve Bank Of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act and the rules framed there under are not applicable.

vi. As explained to us and to the best of our knowledge and belief, the maintenance of Cost records under Section 148(1) of the Companies Act, 2013 are not applicable to the Company.

vii. (a) According to the information and explanations given to us, the Company is regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other Statutory dues applicable to it and no undisputed amounts payable in respect thereof were outstanding, at the year end, for a period of more than six months from the date of becoming payable

(b) According to the information and explanations given to us, there are no dues of, Income Tax, Sales Tax, Wealth Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax and Cess which have not been deposited on account of any dispute.

(c) According to the information and explanations given to us, there are no amounts that need to be transferred to the Investor Education and Protection Fund. Therefore, the provisions relating to transferring any amounts is not applicable to the Company during the year.

viii. The Company has no accumulated losses at the end of the financial year 31st March, 2015. Further, Company has not incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

[Referred to in paragraph 1 under "Report on Other Legal and Regulatory Requirements" in the Independent luditors' Report of even date to the members of AUTUMN BUILDERS LIMITED on the Financial Statements for the year ended 31.03.2015.]

ix. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to a financial institution, bank or debenture holders.

x. In our opinion and according to the information and explanations given to us, the company has not given any guarantee for loans taken by others from banks or financial institutions during the year.

xi. The Company has not obtained any term loans during the year.

xii. During the course of our examination of the books and records of the company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the company, noticed or reported during the year, nor have we been informed of such cases by the Management.

For Alfa Daga & Associates

Chartered Accountants

Firm Registration No. 326733E

(FCA ALFA DAGA)

Proprietor

Membership No. 066300

Place: KOLKATA

Date: 30.05.2015


Mar 31, 2014

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

Management''s Responsibility for the Financial Statements

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 211 of the Companies Act, 1956 ("the Act"). 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 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 auditors'' 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 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 Management, as well as evaluating the overall 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:

(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 for the year ended on that date; and

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

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors'' Report) Order, 2003 ("the Order") 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 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 Balance Sheet, Statement of Profit and Loss and Cash Flow Statement comply with the Accounting Standards referred to in subsection (3C) of section 211 of the Companies Act, 1956;

e. on the basis of written representations received from the directors as on March 31, 2014, and taken on record by the Board of directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the Companies Act, 1956.

ANNEXURE TO AUDITORS REPORT

[Referred to in paragraph 1 under ''Report on Other Legal and Regulatory Requirements'' in the Independent Auditors'' Report of even date to the members of AUTUMN BUILDERS LIMITED on the financial statements for the year ended 31/03/2014.]

(i) (a) The Company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets during the year under review.

(b) The fixed assets have been physically verified by the Management at reasonable intervals and, according to the information and explanations given to us, no material discrepancies were noted on such verification.

(c)No substantial parts of the fixed assets were disposed off by the Company during the year under review.

(ii) (a) The Company has no inventory. Hence this clause is not applicable.

(iii) (a) The Company had not granted any secured or unsecured loans to Companies, firms and other parties, covered in the register maintained under section 301 of the Companies Act, 1956.

(b) The Company had not taken any loan, secured or unsecured from Companies firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956.

(iv) In our opinion and according to the information and explanations given to us, there exists an adequate internal control system commensurate with the size of the Company and the nature of its business for Purchase of Inventory and fixed assets and for the sale of goods & services. During the course of our audit, we have not observed any continuing failure to correct weakness in internal control system of the Company.

(v) In our opinion and According to the information and explanations given to us, there are no transactions during the period that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

(vi) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and the rules framed there under.

(vii) In our opinion, the Company has an internal audit system which is commensurate with its size and nature of its business.

(viii) The Central Government of India has not prescribed the maintenance of cost records under clause (d) of sub Section (1) of Section 209 of the Act for any of the products of the Company.

(ix) (a) The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education and protection fund, employees'' state insurance, income-tax, sales-tax, wealth-tax, service-tax, customs duty, excise duty, cess and other material statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education and protection fund, employees'' state insurance, income-tax, wealth-tax, service-tax, sales-tax, customs duty, excise duty, cess and other undisputed statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable.

(x) In our opinion, the Company have no accumulated losses at the end of the year under review. The Company has not incurred cash losses during the financial year covered by our audit.

(xi) The Company does not have any dues to a financial institution, bank or debenture holders.

(xii) According to the information and explanations given to us and based on the documents and records produced to us, the Company has not granted loans & advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore, the provisions of clause (xiii) of paragraph 4 of the Companies (Auditor''s Report) Order, 2003 (as amended) are not applicable to the Company.

(xiv) Based on the records examined by us and according to the information and explanations given to us, the Company is maintaining proper records of transactions and contracts of dealing in shares and securities and that timely entries have been made in these records.

Based on our Audit procedures and to the best of our knowledge and belief and according to the information and explanations given to us, the shares and securities have been held by the Company in its own name.

(xv) In our opinion and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions during the year.

(xvi) The Company has not obtained any term loans.

(xvii) According to the information and explanations given to us and on an overall examination of the Balance sheet of the Company, we report that no funds raised on short term basis have been used for long-term investment.

(xviii) According to the information and explanations given to us, the Company has made preferential allotment of shares during the year under review.

(xix) According to the information and explanations given to us, no debentures have been issued by the Company during the year.

(xx) The Company has not raised money by way of public issue during the year.

(xxi) During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any Instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the Management.



For Alfa Daga & Associates

Chartered Accountants FRN:326733E

Place: Kolkata Date: 28/05/2014 (ALFA DAGA) Proprietor Membership No. 066300


Mar 31, 2013

We audited the accompanying financial statements if Autumn Builders Private Limited which rise the Balance Sheet as at 31st March 2013 and the Statement of Profit for the year then and a summary of significant accounting policies and other explanatory information.

Management ''s Responsibility for the Financial Statement

Management is responsible for the preparation of these financial statements that give a true and fair view the financial position, financial performance of the Company in accordance with the Accounting towards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (the Act). This capability includes the design, implementation and maintenance of internal control relevant to the depreciation and presentation of the financial statements that give a true and fair view and are free from misstatement , whether due to fraud or error.

Director''s Responsibility

The 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 ethical requirements and plan and the audit to obtain reasonable assurance about whether the financial statements are free from misstatement.

Audit involves performing procedures to obtain audit evidence about the amounts and disclosures in financial statements. The procedures selected depend on the auditors’ judgment, including the management of the risks of material misstatement of the financial statements, whether due to fraud or in making those risk assessments, the auditor considers 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 reasonableness of accounting policies used and the reasonableness of the accounting estimated made management, as well as evaluating the overall presentation of the financial statements. believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for audit opinion.

Our opinion and to the best of our information and according to the explanations given to us, the statements give the information required by the Act in the manner so required and give a true and conformity with the accounting principles generally accepted in India.

In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2013; and in the case of the Statement of Profit and Loss of the profit for the year ended on that date;

Report on Other Legal and Regulatory Requirements

As requires by the Companies (Auditors Report) Order, 2003 (''the Order''), as amended, issued y the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement om=n the matters specified in paragraphs 4 and 5 of the Order.

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 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 and Statement of Profit and Loss dealt with by this Report are in agreement with the books of account:

d. in our opinion, the Balance Sheet and Statement of Profit comply with the Accounting Standards referred to in subsection (3C) of section 211 of the Companies Act, 1956: and

e. on the basis of write representations received from the directors as on 31st March 2013, and taken on record by the Board of Directors, noen of the directors is disqualified as on 31st March 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956,

Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the manner in which such css is to be paid, no cess is due and payable by the Company.

Annexure to the Auditors'' Report of Autumn Builders Private Limited (Referred to in paragraph 3 of our report of even date)

As required by the Companies (Auditor''s Report ) Order, 2003 issued by the Central Government of in terms of sub-section (4A) of section 227 of the Companies Act, 1956 and explanations given to us and on the basis of checks, as we considered appropriate, we have to state that:-

The Company has maintained proper records showing full particulars including quantitative and situation of its fixed assets.

The Fixed Assets have been physically verified by the Management at reasonable intervals according to the information and explanation given to us, no material discrepancies were on such verification.

The substantial part of Fixed Assets was disposed off by the Company during the year under.

The Company have no inventories, hence this clause is not applicable.

The Company has not granted advance to Companies, firm or other parties covered in the maintained under section 301 of the Companies Act, 1956. As per information and solutions given to us, the companies had not taken loans from Directors and relatives in current in Previous year.

In our opinion and according to the information and explanations given to us, there are internal control systems consulate with size of the company and the nature of for, the purchase of inventory and fixed assets and for the sale of goods and services. In the course of our audit, we have not observed any continuing failure to correct major in internal control system.

According to the information and explanations given to us, there are no such transaction of and sale of Shares & Securities made in pursuance of contracts or arrangements that be entered into the register maintained under section 301 of the Companies Act, 1956.

In our opinion and according to the information and explanations given to us, the Company accepted any deposer within the meaning of section 58A of the Companies Act, 1956 and formed there under.

The Company has an internal audit system commensurate with the size and nature of its systems.

The requirements of maintenance of the cost records, under section 209(1)(d) of the Act, 1956 were not applicable to the Company during the year under review.

As per the records of the Company, it was regular in depositing the applicable undisputed dues. There were no arrears of outstanding statutory dues as at the last day of the year concerned for a period of more than a months from the date they became payable.

The company have no accumulated losses at the end of financial end of financial year under review and the company has not incurred cash losses during the financial year covered by our audit and also in the previous year.

According to the information and explanations given to us, the Company has not taken secured loan from Bank and Financial Institution.

The Company has not granted loans and advances on the basis of security by way of pledge shares, debentures and other securities.

The Company is not a chit fund or a nidhi mutual benefit fund/society. Therefore, the solutions of clause 4 (xiii) of the Companies (Auditor''s Report) Order, 2003 are not applicable to Company for the year under review.

According to the information and explanations given to us, the Company is not dealing in in or in shares, securities, debentures and other securities. Accordingly , the provision of clause of the Companies (Auditors'' Report) Order 2003 are not applicable to the Company.

According to the information and explanations given to us and the records examined by us, the has not given any guarantee for loan taken by others from Banks or Financial shares.

According to the information and explanations given to us and the records examined by us, company has not obtained any term loan other than amounts temporarily invested pending of the funds for the intend use.

According to the information and explanations given to us and on an overall examination of balance sheet of the Company, we report that the Company has not utilized funds raised on basis for long term investment and vice-versa.

According to the information and explanations given to us, the Company has not made allotment of shares.

The Company did not issued any debentures during the year under review.

The Company has not raised money through Public Issue during the period under review.

According to the information and explanations given to us, no fraud on or by the Company has noticed or reported during the year under review.

For Alfa Daga & Associates

Chartered Accountants

(Firm Registration No. 326733E)

(Proprietor)

Membership No. 066300

date: 2nd day of September, 2013.

Place: Kolkata


Mar 31, 2012

1. We have audited the attached Balance Sheet of AUTUMN BUILDERS PRIVATE LIMITED as at March 31, 2012, and also the Profit and Loss Account for the year ended on that date both 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 or 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 statements. An audit also includes assessing the accounting principles used and significant estimates made by the Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable a 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, are not applicable with the Company.

4. Further to our comments in tile Annexure referred to in paragraph 3 above, we report that:

(i) we have obtained all the information and explanations, which to" the best of "" our knowledge and belief were necessary for me purposes of our audit:

(ii) in our opinion, proper books of account as required by have been kept by the Company so far as appears from our examination of those books; (iii) the Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of account; ''

(iv) in our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956;

(v) on the basis of written representations received from the directors, as on March 31, 2012, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on March 31, 2012 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956; and

(vi) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, 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 31,2012

AND

b. in the case of the Profit and Loss Account, of the profit for the period ended on that date;

For RAKESH KUMAR AGRAWAL

Chartered Accountants

CA Rakesh Kumar Agrawal

(Proprietor)

M.No.062149

Place:-Kolkata

Date:-1st Day of September, 2012


Mar 31, 2011

1. We have audited the attached Balance Sheet of AUTUMN BUILDERS PRIVATE LIMITED as at March 31, 2011, and also the Profit and Loss Account for the year ended on that date both annexed thereto. These financial statements are response of the Company''s Management. Our responsibility is to express 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 statements. An audit also includes assessing the account principles used and significant estimates made by the Management as well as evaluating the overall 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, 1936, are not applicable with the Company.

4. Further to our comments in the Annexure referred to in paragraph 3 above, we report

(i) 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;

(ii) 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;

(iii) the Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of account;

(iv) in our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956;

(v) on the basis of written representations received from the directors, as on March 31, 20111 and taken on record by the Board of Directors, we report that none of the directors is disqualified as on March 31, 2011 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956; and

(vi) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, 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, 2011

AND

b. in the case of the Profit and Loss Account, of the profit for the period ended on that date;

For RAKESH KUMAR AGRAWAL

Chartered Accountants

CA Rakesh Kumar Agrawal

(Proprietor)

M.No.062149

Place:-Kolkata

Date: 1st Day of September, 2011


Mar 31, 2010

1. We have audited the attached Balance Sheet of AUTUMN BUILDERS PRIVATE LIMITED as at March 31, 2010, and also the Profit and Loss Account for the year ended on that date both 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 statements. An audit also includes assessing the accounting principles used and significant estimates made by the Management, as well as evaluating the overall 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 to the extent applicable,

4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that:

(i) 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;

(ii) 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;

(iii) the Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of account;

(iv) in our opinion, the Balance Sheet and Profit and Loss Account this report comply with the accounting standards leveled lo in sub-section (3C) of Section 211 of the Companies Act, 1956;

(v) on the basis of written representations received from the directors, as on March 31, 2010, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on March 31, 2010 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956; and

(vi) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, 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, 2010

AND

b. in the case of the Profit and Loss Account, of the profit for the year ended on that date;

ANNEXURE TO THE AUDITORS'' REPORT FOR THE YEAR ENDED 31.3.2010

(Referred to in paragraph 3 of our report of even date)

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

(b) As explained to us, physical verification of a major portion of fixed assets as at March 31, 2010 was conducted by the Management during the year. In our opinion, the frequency of physical verification is reasonable. Having regard to the size of the operations of the Company and on the basis of explanations received, in our opinion, the net differences found on physical verification were not significant.

(ii) (a) As explained to us, the stocks of finished goods, raw material, stores & spare parts have been physically verified by the Management as at the end of the financial year or after the year-end. In our opinion, the frequency of verification is reasonable.

(b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of stocks followed by the Management is 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 explanations given to us, the Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book records were not material having regard to the size of the operations of the Company.

(iii) (a) The company had no taken any loans from Companies, firm or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. The company had not granted any loans from Companies, firm or other parties covered in the register maintained under Section 301 of the Companies Act, 1956.

(b) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions on which loans have been taken from or granted to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956 are not, prima facie, prejudicial to the interest of the Company.

(c) The Company is regular in repaying the principal amount as stipulated and has been regular in the payment of interest. The parties have repaid the principal amounts as stipulated and have been regular in the payment of interest

(d) There is no overdue amount of loans taken from or granted to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.

(iv) In our opinion and according to the information and explanations given to us, having regard to the explanations that some of the items purchased are of special nature and suitable alternative sources do not exist for obtaining comparable quotations, there are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchases of inventories and fixed assets and with regard to sale of goods. During the course of our audit, we have not observed any major weakness in the internal control.

(v) (a) To the best of our knowledge and belief and according to the information and explanations given to us, we are of the opinion that the contracts or arrangements that need to be entered into the register required to be maintained under Section 301 of the Companies Act, 1956 have been so entered,

(b) In our opinion and having regard to our comments in paragraph (iv) above, and according to the information and explanations given to us, transactions made in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 have been made at prices which are reasonable having regard to prevailing market prices at the relevant time where such market prices are available.

(vi) In our opinion and according to the information and explanations given to us, the Company has not accepted deposits from the public during the period covered by our audit report with the meaning of Sections 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975. To the best of our knowledge and according to the information and explanations given to us, no order has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal.

(vii) In our opinion, the Company has an internal audit system commensurate with the size and nature of its business.

(viii) The Company need not require to maintain Cost record pursuant to the Rules made by the Central Government for the maintenance of cost records under Section 209 (l)(d) of the Companies Act, 1956.TO the best of our knowledge and according to the information and explanations given to us, the Central Government has not prescribed maintenance of cost records under Section 209 (l)(d) of the Companies Act, 1956 for any other products of the Company.

(ix) (a) According to the information and explanations given to us, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues.

(b) According to the information and explanations given to us, no undisputed amounts payable'' in respect of income tax, sales tax, wealth tax, service tax, customs duty, excise duty and cess were in arrears, as at March 31, 2010 for a period of more than six months from the date they became payable.

(x) The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses during the financial year covered by our audit and during the immediately preceding financial year there is cash loss of Rs 4,115/-.

(xi) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holder.

(xii) Based on our examination of the records and the information and explanations given to us, the Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4 (xiii) of the Companies (Auditor''s Report) Order, 2003 are not applicable to the Company.

(xiv) In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of clause 4 (xiv) of the Companies (Auditor''s Report) Order, 2003 are not applicable to the Company.

(xv) In our opinion and according to the information and explanations given to us, the terms and conditions on which the Company has given guarantee for loans taken by others from banks or financial institutions are not prejudicial to the interest of the Company.

(xvi) 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 other than amounts temporarily invested pending utilisation of the funds for the intended use.

(xvii) In our opinion and according to the information and explanations given to us, and on an overall examination of the Balance Sheet of the Company, we report that no funds raised on short-term basis have been used for long term investment.

(xviii) 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.

(xix) In our opinion and 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

(xx) As informed to us, during the period covered by our audit report, the Company has not raised any money by public issues.

(xxi) To the best of our knowledge and belief and according to the 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.

For S.K.Thakur & Associates

Chartered Accountants

CA S.K.Thakur

(Proprietor)

M.No.062092

Place:-Kolkata

Date :- 1st Day of September, 2010

 
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