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Auditor Report of Healthy Investments Ltd.

Mar 31, 2014

We have audited the accompanying financial statements of Healthy Investments Limited ("the Company"), which comprise the Balance Sheet as at March 31, 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

The 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. 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 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, but not for the purpose of expressing an opinion on the effectiveness of the Company''s internal control. 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:

(i) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014

(ii) in the case of the statement of Profit and Loss, of the profit for the year ended on that date; and

(iii) in the case of the 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 (Auditor''s Report) Order, 2003 ("the Order"),as amended, 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 notified under 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

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.

Referred to in Paragraph 1 under the heading of "report on other legal and regulatory requirements" of our report of even date, we report that;

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

(b) All the assets have been physically verified by the management during the year. No material discrepancies were noticed on such verification.

(c) The company has not disposed off any substantial part of the fixed assets during the year.

(ii) The Company is a investment company, primarily dealing in shares/securities. Accordingly, it does not hold any physical inventories. Thus, paragraph 4(ii) of the Order is not applicable.

(iii) The Company has not granted or taken any loans secured or unsecured to/ from any 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 are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and for the sales of goods and services. There is no continuing failure to correct major weakness in internal control system.

(v) According to the information and explanations given to us, there were no contracts or arrangement that needs to be entered into the register maintained under section 301 of the Companies Act, 1956.

(vi) The Company has not accepted any deposit from public, therefore, clause 4 (vi) of the Order is not applicable.

(vii) Considering the size of business and number of transactions as carried out, the management is of the opinion that the company does not require internal audit system.

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

(ix) (a) As informed to us, the Company is not required to deduct Provident Fund and Employees'' State Insurance due

(b) According to the information and explanations given to us, there were no undisputed amounts payable in respect of income tax, sales tax, service tax, wealth tax, customs duty, excise duty, cess and other statutory dues which have remained outstanding as at 31st March 2014 for a period of more than six months from the date they became payable.

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

(x) The company has no accumulated losses at the end of the financial year and has not incurred cash losses in the current and immediately preceding financial year.

(xi) The Company did not have any outstanding dues to any financial institution, banks or debenture holders during the year.

(xii) The company has not granted loans or advances on the basis of security by way of pledge of shares, debentures or other securities.

(xiii) In our opinion, the company is not a chit fund or a nidhi / mutual benefit fund/ society. Hence the clause 4(xiu) of the Order are not applicable to the company.

(xiv) The Company has maintained proper records in respect of the transactions and contracts in respect of trading in shares, securities, debentures and other securities and timely entries have been made therein. The shares, securities, debentures and other investments have been held by the Company in its own name.

(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) The Company did not have any term loans outstanding during the year.

(xvii) The Company has not raised any funds on short-term basis.

(xviii) The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the Act.

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

(xx) The Company has not raised any money by public issues during the year.

(xxi) According to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the course of our audit.

For Ganesh & Rajendra Associates Chartered Accountants Firm Registration no.!03055W

Ganesh Mehta Partner Membership no. 32939 Place: Mumbai Dated: 30th May 2014


Mar 31, 2012

1, We have audited fee attached Balance Sheet of HEALTHY INVESTMENTS LIMITED as at 31st March 2012, Statement of Profit and Loss and also cash flow statement for the year ended on that date all 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 the Auditing Standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating 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 Section 227 (4 A) of the Companies Act, 1956, we enclose in the Annexure a Statement on the matters specified in paragraphs 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to in Paragraph (3) above, 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 the books;

c) the Balance Sheet and the Statement of Profit and Loss dealt with by this report are in agreement with fee Books of Account;

d) in our opinion, the Balance Sheet and the Statement of Profit and Loss Account dealt with by this report are in compliance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956 in so far as they apply to Company;

e) in our opinion and based on information and explanations given to us, none of the directors are disqualified as on 31st March 2012 from being appointed as directors in terms of clause (g) of subsection (1) of section 274 of Companies Act 1956;

f) 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.:

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2012,

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

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

ANNEXURE TO AUDITORS' REPORT

Referred to in paragraph 3 of our report of even date,

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

(b) All the assets have been physically verified by the management during the year. No material discrepancies were noticed on such verification.

(c) The company has not disposed off any substantial part of the fixed assets during the year.

(ii) The Company has not granted or taken any loans secured or unsecured to/ from any companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956

(iii) In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and for the sales of goods and services. There is no continuing failure to correct major weakness in internal control system.

(iv) According to the information and explanations given to us, there were no contracts or arrangement that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

(v) The Company has not accepted any deposit from public therefore clause 4 (vi) of CARO 2003 is not applicable.

(vi) Considering the size of business and number of transactions as carried out, the management is of the opinion that the company does not require internal audit system,

(vii) (a) As informed to us, the Company is not required to deduct Provident Fund and Employees' State Insurance due (b) According to the information and explanations given to us, there were no undisputed amounts payable in respect of income tax, sales tax, service tax, wealth tax, customs duty, excise duty, cess and other statutory dues which have remained outstanding as at 31st March 2012 for a period of more than six months from the date they became payable.

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

(viii) The company has no accumulated losses at the end of the financial year and has not incurred cash losses in the current and immediately preceding financial year.

(ix) The company has not granted loans or advances on the basis of security by way of pledge of shares, debentures or other securities.

(x) In our opinion, the company is not a chit fund or a nidhi / mutual benefit fund/ society. Hence the clause 4(xiii) of the CARO, 2003 are not applicable to the company.

(xi) The Company has maintained proper records in respect of the transactions and contracts in respect of trading in shares, securities, debentures and other securities and timely entries have been made therein. The shares, securities, debentures and other investments have been held by the Company in its own name.

(xii) 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.

(xiii) According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

In view of the nature of business carried on by the company and absence of conditions prerequisite to the reporting requirements of clauses 4 (ii), (viii), {xi), (xvi), (xvii), (xviii), (xix) and (xx) of CARO, 2003, the said clauses are, at present, not applicable.

For Ganesh & Rajendra Associates

Chartered Accountants

(Ganesh Mehta) Parmer

Mem no.32939

Firm Regno.l03055W

Place : Mumbai

Dated :30th July, 2012


Mar 31, 2010

1. We have audited the attached Balance Sheet of HEALTHY INVESTMENTS COMPANY LIMITED as at 31st March 2010, Profit and Loss Account and also cash flow statement for the year ended on that date both 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 the Auditing Standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

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

4. Further to our comments in the Annexure referred to in Paragraph (3) above, 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 the books;

c) the Balance Sheet and the Profit and Loss Account dealt with by this report are in agreement with the Books of Account;

d) in our opinion, the Balance Sheet and the Profit and Loss Account dealt with by this report are in compliance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956 in so far as they apply to Company;

e) in our opinion and based on information and explanations given to us, none of the director is disqualified as on 31st March 2010 from being appointed as directors in terms of clause (g) of subsection (1) of section 274 of Companies Act 1956;

f) 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. :

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2010,

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

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

ANNEXURE TO AUDITORS REPORT

Referred to in paragraph 3 of our report of even date,

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

(b) All the assets have been physically verified by the management during the year. No material discrepancies were noticed on such verification.

(c) The company has not disposed off any substantial part of the fixed assets during the

year.

(ii) The Company has not granted or taken any loans secured or unsecured to/ from any companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956

(iii) In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the company and the nature of its business with regard to purchase of inventory, fixed assets and for the sales of goods and services. There is no continuing failure to correct major weakness in internal control system.

(iv) According to the information and explanations given to us, there were no contracts or arrangement that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

(v) The Company has not accepted any deposit from public therefore clause 4 (vi) of CARO 2003 is not applicable.

(vi) Considering the size of business and number of transactions as carried out, the management is of the opinion that the company did not require internal audit system.

(vii) (a) As informed to us, the Company is not required to deduct Provident Fund and Employees State Insurance due

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

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

(viii) The company has no accumulated losses at the end of the financial year and has not incurred cash losses in the current and immediately preceding financial year.

(ix) The company has not granted loans or advances on the basis of security by way of pledge of shares, debentures or other securities.

(x) In our opinion, the company is not a chit fund or a nidhi / mutual benefit fund/

society. Hence the clause 4(xiii) of the CARO, 2003 are not applicable to the company.

(xi) The Company has maintained proper records in respect of the transactions and contracts in respect trading in shares, securities, debentures and other securities and timely entries have been made therein. The shares, securities, debentures and other investments have been held by the Company in its own name.

(xii) According to the information and explanations given to us die company has not given any guarantee for loans taken by others from banks or financial institutions.

(xiii) According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

In view of the nature of business carried on by the company and absence of conditions prerequisite to the reporting requirements of clauses 4 (ii), (viii), (xi), (xvi), (xvii), (xviii), (xix) and (xx) of CARO, 2003, the said clauses are, at present, not applicable.

Ganesh Mehta

Partner

Membership No. 32939

For and on behalf of

Ganesh & Rajendra Associates

Chartered Accountants

ICAI Firm Registration No. 103055W

Place: Mumbai

Dated :30th July 2010

 
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