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Auditor Report of Dhanvantri Jeevan Rekha Ltd.

Mar 31, 2015

We have audited the accompanying financial statements of Dhanvantri Jeevan Rekha Limited ("the Company"), which comprise the Balance Sheet of Dhanvantri Jeevan Rekha Ljd. ("the Company") a$ at March 31,2015, 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.

2. Management's Responsibility for the Financial Statements

The Compass Board of Directors is responsible for the matters in section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding of the assets of the Company and for preventing and detecting the 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 internal financial control, 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

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 corrtpiy with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material mis-statement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give true and fair view 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 Company's Directors, as well as evaluating the overall presentation of the financial statements.

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

4. 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:

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

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

c) in the case of the Cash Flow Statement, of the cash flows for th» »» nitwit in that raft

5. Report on Other Legal ft Regulatory Requirements As/enquired by section 143(3) of the Act, we report that:

a), .We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes 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 [and proper returns adequate for the purposes of our audit have been received from the branches not

d) The Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account.

e) in our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, rea4 Rule 7 of the Companies (Accounts) Rules. 2014.

f) On the basis of written representations received from the directors as on 31 March 2015 by the Board of Directors, none of the directors is disqualified as on 31 March, 2015, from being of Section 164(2] of the Act.

g) With respect to the other matters included in the Auditor's Report and to our best of our informative and according to the explanations given to us:

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

ii. The Company did not have any long-term contracts including derivatives 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.

ANNEXURE TO THE INDEPENDENT AUDITOR'S REPORT

The Annexure referred to In paragraph 5 of the auditor's report to the members of DHANVANTRIJEEVAN REKHA LIMITED for the year ended March 31, 2015. We report that.

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

(b) All fixed assets have been physically verified by the management during the year. In our opinion, the frequency of physical" verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.

ii. The management has conducted physical verification of inventory at reasonable intervals. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of Its business. The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

iii. (a) According to the information and explanations given to us and on the basis of examination of the Books of Accounts, the Company has not granted/taken any loans, secured or unsecured to/from Companies, firms or other parties covered in the register motorized U/s 189 of The Companies Act 2013.

(b) Since, there are no such loans, the comments regarding terms and conditions for repayment of the principal amount and Merest thereon, overdue amount are not required.

iv. In our opinion and according to the information and explanations given to us, there Is an adequate internal control system commensurate with the size of Une Company and the nature of its business, for purchase of inventory and fixed assets and for sale of goods and services. Accordingly, the issue of continuing failure to correct major weakness In the Internal control in these areas does not arise.

v. The Company has not accepted deposits from public during the year under audit and tiered Is no outstanding deposit from Public as at 31.03.2015, hence, provisions of sec 73 to 76 of The Companies Act, 2013 or any other relevant provisions of the Companies Act and the rules framed there under, are not applicable.

vi. To the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under sub- section (1) of section 148 of the Companies Art, 2013 for the services presided by the Company.

vii. According to the Information and explanation given to us, in respect of statutory dues including Provident Fund dues. Employees' State Insurance, income Tax, Sales Tax, Service Tax, Custwn Duty, Exc_ Duty, ce_ to the extent applicable and dues have gerterefy been regularly deposits wim the appropriate attic us there were no outstanding disputed statutory dues as on 31X3.2015 for a period of more than six months from the date they became payable.

According to the information, explanation given to us and verification done during the course of audit, there is no balance in unclaimed dividend account outstanding for more than the period prescribed under The Companies Act, 19S6 and rules made there- under.

viii). The Company does not have accumulated losses at the end of the financial year and it has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

ix). Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to Banks and Financial Institutions. We have been informed that the company did not have any outstanding debentures during the year.

x). According to the information and explanations given to us and based on the documents and records produced to us, the Company has not. given any guarantee of the loans taken by others from Bank or financial institutions, the terms and conditions whereof are prejudicial to the interest of the Company.

xi). According to the information and explanation given to us, term loans were applied for the purpose for which the loans were obtained.

xii. Based upon the audit procedures performed by us for expressing our opinion on these financial statements and information and

explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the year, nor we have been informed of such case by the management.

For K.K. Jain & Co.

Chartered Accountants

Sd/-

(Simrni Jain)

F.C.A.

Firm Regn No. 002465N

Membership No. 086496



Place: Meerut

Date: 28.05.2015


Mar 31, 2014

We have audited the accompanying financial statements of Dhanvantri Jeevan Rekha Limited ("the Company"), which comprises the Balance Sheet of Dhanvantri Jeevan Rekha Ltd. ("the Company") as at March 31, 2014, the Statement of Profit and Loss and Cash Flow Statement for the year ended, and a summary of significant accounting policies and other explanatory information.

2. 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 notified under the Companies Act, 1956 ("the Act") read with the General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and in accordance with the accounting principles generally accepted in India. 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.

3. Auditor''s 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 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 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.

4. Opinion

In our opinion and to the best of our information and according to the sxplanations 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 March 31. 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 the Cash Flow Statement, of the cash flows for the year ended on that date.

5. Report on Other Legal & Regulatory Requirements

As required by the Companies (Auditor''s 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.

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 notified under the Act read with General Circular 15/2013 dated 13m September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013

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 director 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 Act.

ANNEXURE TO THE INDEPENDENT AUDITOR''S REPORT

The Annexure referred to in paragraph 5 of the auditor''s report to the members of DHANVANTRIJEEVAN REKHA LIMITED for the year ended March 31, 2014. We report that:

i. (a) The Company is maintaining proper records showing full particulars including quantitative details and situation

of fixed assets.

(b) All fixed assets have been physically verified by the management during the year. In our opinion, the frequency of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.

(c) There was no substantial disposal of fixed assets during the year.

ii. The management has conducted physical verification of inventory at reasonable intervals. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

iii. (a) According to the information and explanations given to us and on the basis of examination of the Books of Accounts, the Company has not granted/taken any loans, secured or unsecured to/from Companies, firms or other parties covered in the register maintained U/s 301 of The Companies Act,

(b) Since, there are no such loans, the comments regarding terms and conditions for repayment of the principal amount and interest thereon, overdue amount are not required.

iv. In our opinion and according to the information and explanations given to us, there is 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 sale of goods and services. Accordingly, the issue of continuing failure to correct major weakness in the internal control in these areas does not arise.

v. (a) In our opinion and according to the information and explanation provided by the management, the particulars of contracts or arrangements referred to in section 301 of the Act have been entered in the register required to be maintained under that section.

(b) Where each of such contract is in excess of Rs. 5 Lac in respect of any party, the transaction have been made at a price which is prima facie reasonable having regard to the prevailing market at the relevant time.

vi. The Company has accepted deposits from public and in our opinion company has complied with the provisions of sec 58A and 58AA of The Companies Act, 1956 and the Companies(Acceptance of deposits) Rules,1975.

vii. To the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company.

viii. The Central Government of India has not prescribed the maintenance of cost records under section 209(l)(d) of the Act for any service rendered by the Company.

ix. According to the information and explanation given to us, in respect of statutory dues including Provident Fund dues, Investor Education and Protection Fund, Employees'' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess to the extent applicable and any other statutory dues have generally been regularly deposited with the appropriate authorities. According to the information and explanation given to us there were no outstanding disputed statutory dues as on 31.03.2014 for a period of more than six months from the date they became payable.

x. The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

xi. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to Banks and Financial Institutions. We have been informed that the company did not have any outstanding debentures during the year.

ANNEXURE TO THE INDEPENDENT AUDITOR''S REPORT

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 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, 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. 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.

xvi. According to the information and explanation given to us, the company has not taken any term loan during the year under audit. Accordingly, the provisions of clause 4(xvi) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

xvii. We have been informed by the management that the funds raised on short-term basis have not been used for long-term investment. No long-term funds have been used for finance of short-term assets.

xviii. The Company has not.made any preferential allotment of shares to parties or Companies covered in the register

maintained under section 301 of the Companies. Act, 1956.

xix. The Company did not have any outstanding debentures during the year.

xx. The Company has not raised any money through a public issue during the year.

xxi. Based upon the audit procedures performed by us for expressing our opinion on these financial statements and information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the year, nor we have been informed of such case by the management.

For K.K. Jain & Co. Chartered Accountants

Sd/- (Simmi Jain) F.C.A. Firm Regn No. 002465N Membership No. 086496

Place: Meerut Date: 28.05.2014


Mar 31, 2013

1. Report on the Financial Statements

We have audited the accompanying financial statements of Dhanvantri Jeevan Rekha Limited ("the Company"), which comprise the Balance Sheet as at March 31, 2013, and 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.

2. 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.

3. Auditor''s 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 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 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.

4. 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 March 31, 2013;

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

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

5. Report on Other Legal & Regulatory Requirements

As required by the Companies (Auditor''s Report) Order, 2003 ("theOrder") 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.

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, 2013, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

f) 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 cess is to be paid, no cess is due and payable by the Company.

ANNEXURE TO THE AUDITOR''S REPORT

The Annexure referred to in paragraph 3 of the auditor''s report to the members of DHANVANTRIJEEVAN REKHA LIMITED for the year ended March 31, 2013. We report that:

i. The Company is maintaining proper records showing full particulars Including quantitative details and situation of fixed assets. All fixed assets have been physically verified by the management during the year. In our opinion, the frequenc/ of physical verification is reasonable having regard to the size of the Company and the nature of its , assets. No material discrepancies were noticed on such verification. There was no substantial disposal of fixed assets during the year.

ii. The management has conducted physical verification of inventory at reasonable intervals. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

iii. (a) As informed to us, the Company has not granted/taken any loans, secured or unsecured to Companies, firms or other parties covered in the register maintained U/s 301 of The Companies Act.

(b) Since, there are no such loans, the comments regarding terms and conditions for repayment of the principal amount and interest thereon, overdue amount are not required.

iv. In our opinion and according to the information and explanations given to us, there is 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 sale of goods and services. Accordingly, the issue of continuing failure to correct major weakness in the internal control in these areas does not arise.

v. Based on the audit procedures applied by us and according to the information and explanation provided by the management, we are of the opinion that there are no contracts or arrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

vi. The Company has accepted deposits from public and in our opinion company has complied with the provisions of sec 58A and 58AA of The Companies Act, 1956 and the Companies(Acceptance of deposits) Rules,1975.

vii. To the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company.

ix. According to the records of the Company, the Company is generally regular in depositing undisputed statutory dues including Provident Fund dues, Income Tax and other statutory dues with the appropriate authorities. There are no arrears on this account. We have been informed that The Employees State Insurance Act is not applicable on the company.

x. The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

xi. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to Banks and Financial Institutions. We have been informed that the company did not have any outstanding debentures during the year.

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 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, 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. 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.

xvi. According to the information and explanation given to us, the company has not taken any term loan during the year under audit. Accordingly, the provisions of clause 4(xvi) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

xvii. We have been informed by the management that the funds raised on short-term basis have not been used for long-term investment. No long-term funds have been used for finance of short-term assets.

xviii. The Company has not made any preferential allotment of shares to parties or Companies covered in the register maintained under section 301 of the Companies Act, 1956.

xix. The Company did not have any outstanding debentures during the year.

xx, The Company has not raised any money through a public issue during the year.

xxi, Based upon the audit procedures performed by us for expressing our opinion on these financial statements and information and explanations given by the management, we report that no fraud on or by the Company has been nQticed or reported during the course of our audit,

For K.K. Jain & Co.

Chartered Accountants

Sd/-

(Simmi Jain)

F.C.A.

Firm Regn No. 002465N

Membership No. 086496

Place: Meerut

Date : 28.07.2013


Mar 31, 2011

1. We have audited the annexed Balance Sheet of M/S DHANVANTRI JEEVAN REKH LIMITED as at 31st March 2011, and also the Profit & Loss Account and the Cash Flow Statement 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. These 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 test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides 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, T956 (hereinafter referred to as the "Act") we annex hereto a statement on the matters specified sin 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 wherever necessary for the purposes of our audit;

(ii) In our opinion, proper books of accounts as required by law have been kept by the Company so far as appears from our examination of the books.

(iii) The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of accounts;

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

(v) On the basis of written representation received from the Directors of the company as on 31st March 2011 and taken on record by the Board of Directors, we report that none of the Director is disqualified from being appointed as a Director as on March 31, 2011 from being appointed as a Directors, in terms of clause (g) of subsection (1) of section 274 of the Companies Act, 1956;

(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 acepted in India;

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2011; and

(b) in the case of the Profit & Loss Account, of the profit for the year ended on that date.

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

ANNEXURE TO THE AUDITOR'S REPORT

The Annexure referred to in paragraph 3 of the auditor's report to the members of DHANVANTRI JEEVAN REKHA LIMITED for the year ended March 31,2011. We report that:

i. The Company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets. All fixed assets have been physically verified by the management during the year. In our opinion, the frequency of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. There was no substantial disposal of fixed assets during the year.

ii. The management has conducted physical verification of inventory at reasonable intervals. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

iii. (a) As informed to us, the Company has not granted/taken any loans, secured or unsecured to Companies, firms or other parties covered in the register maintained U/s 301 of The Companies Act.

(b) Since, there are no such loans, the comments regarding terms and conditions for repayment of the principal amount and interest thereon, overdue amount are not required.

iv. In our opinion and according to the information and explanations given to us, there is 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 sale of goods and services. Accordingly, the issue of continuing failure to correct major weakness in the internal control in these areas does not arise.

v. Based on the audit procedures applied by us and according to the information and explanation provided by the management, we are of the opinion that there are no contracts or arrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

vi. The Company has accepted deposits from public and in our opinion company has complied with the provisions of sec. 58A and 58AA of The Companies Act, 1956 and the Companies (Acceptance of deposits) Rules, 1975.

vii. To the best of our knowledge and as explained, the Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company.

ix. According to the records of the Company, the Company is generally regular in depositing undisputed statutory dues including Provident Fund dues, Income Tax and other statutory dues with the appropriate authorities. There are no arrears on this account. We have been informed that The Employees State Insurance Act is not applicable on the company.

x. The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

xi. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to Banks and Financial Institutions. We have been informed that the company did not have any outstanding debentures during the year.

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 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 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, 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. 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.

xvi. In our opinion the term loan has been applied for the purpose for which they were raised.

xvii. We have been informed by the management that the funds raised on short-term basis have not been used for long-term investment. No long-term funds have been used for finance of short- term assets.

xviii. The Company has not made any preferential allotment of shares to parties or Companies covered in the register maintained under section 301 of the Companies Act, 1956.

xix. The Company did not have any outstanding debentures during the year.

xx. The Company has not raised any money through a public issue during the year.

xxi. Based upon the audit procedures performed by us for expressing our opinion on these financial statements and information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the course of our audit.

For Vipin Nagar & Co., Chartered Accounants

Sd/- (Vipin Nagar) F.C.A. Membership No. 074041 Firm Regn. No. 005171C

Place : Meerut Date : 28.05.2011




Mar 31, 2010

1. We have audited the annexed Balance Sheet of M/S DHANVANTRIJEEVAN REKHA LIMITED as at 31st March 2010, and also the Profit & Loss Account and the Cash Flow Statement 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. These 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 test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides reasonable basis for our opinion.

3. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 (hereinafter referred tp as the "Act") we annex hereto 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 ail 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 accounts as required by law have been kept by the Company so far as appears from our examination of the books;

(iii). The Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of accounts;

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

(v). On the basis of written representation received from the directors of the company as on 31st March 2010 and taken on record by the Board of Directors, we report that none of the Directors is disqualified from being appointed as a Director as on March 31, 2010 from being appointed as a Directors, in terms of clause (g) of subsection (1) of section 274 of the Companies Act, 1956;

(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 31st March, 2010; and

(b). in the case of the Profit & Loss Account, of the profit for the year ended on that date.

(c). In the case of cash flow statement, of the cash flows for the year ended on that date.

ANNEXURE TO THE AUDITORS REPORT

The Annexure referred to in paragraph 3 of the auditors report to the members of DHANVANTRI JEEVAN REKHA LIMITED for the year ended March 31, 2010. We report that:

i. The Company is maintainig proper records showing full particulars including quantitative details and situation of fixed assets. All fixed assets have been physically verified by the management during the year. In our opinion, the frequency of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification There was no substantial disposal of fixed assets during the year.

ii. The management has conducted physical verification of inventory at reasonable intervals. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification.

iii. (a) As informed to us, the Company has not granted/taken any loans, secured or unsecured to Companies, firms or other parties covered in the register maintained U/s 301 of The Companies Act.

(b) Since, there are no such loans, the comments regarding terms and conditions for repayment of the principal amount and interest thereon, overdue amount are not required.

iv. In our opinion and according to the information and explanations given to us, there is 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 sale of goods and services. Accordingly, the issue of continuing failure to correct major weakness in the internal control in these areas does not arise.

v. Based on the audit procedures applied by us and according to the information and explanation provided by the management, we are of the opinion that there are no contracts or arrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

vi. The Company has accepted deposits from public and in our opinion company has complied with the provisions of sec 58A and 58AA of The Companies Act, 1956 and the Companies(Acceptance of deposits) Rules, 1975.

vii. To the best of our knowledge and as explained, the. Central Government has not prescribed maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 for the products of the Company.

ix. According to the records of the Company, the Company is generally regular in depositing undisputed statutory dues including Provident Fund dues, Income Tax and other statutory dues with the appropriate authorities. There are no arrears on this account. We have been informed that The Employees State Insurance Act is not applicable on the company.

x. The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.

xi.. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to Banks and Financial Institutions. We have been informed that the company did not have any outstanding debentures during the year.

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 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 (Auditors Report) Order, 2003 are not applicable to the Company.

xiv. In our opinion, 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 (Auditors Report) Order, 2003 are not applicable to the Company.

xv. 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.

xvi. In our opinion the term loan has been applied for the purpose for which they were raised.

xvii. We have been informed by the management that the funds raised on short-term basis have not been used for long-term investment. No long-term funds have been used for finance of short- term assets.

xviii. The Company has not made any preferential allotment of shares to parties or Companies covered in the register maintained under section 301 of the Companies Act, 1956.

xix. The Company did not have any outstanding debentures during the year.

xx. The Company has not raised any money through a public issue during the year.

xxi. Based upon the audit procedures performed by us for expressing our opinion on these financial statements and information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the course of our audit.

For Vipin Nagar & Co., Chartered Accountants

Sd/-

(Vipin Nagar)

F.C.A.

Membership No. 074041

Firm Regn. No.005171C

Place : Meerut Date : 29.05.2010

 
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