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Auditor Report of Modi Rubber Ltd.

Mar 31, 2015

We have audited the accompanying standalone financial statements of Modi Rubber Limited ("the Company"), which comprises the Balance Sheet as at March 31, 2015, the Statement of Profit and Loss and the 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 Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these standalone 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 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 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 and other applicable authoritative pronouncements issued by the institute of Chartered Accountants of India.. Those Standards and pronouncements 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 financial 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 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 standalone 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 March 31, 2015 and its profit and the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by the Central Government of India in terms of sub- section (11) of section 143 of Act, and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanation given to us, we give in the Annexure a statement of the matters specified in paragraphs 3 and 4 of the Order.

As required 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 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 it appears from our examination of those books;

c. 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 account;

d. in our opinion, the aforesaid financial statement comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

e. on the basis of written representations received from the directors as on March 31, 2015, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2015, from being appointed as a director in terms of section 164 (2) of the Act;

f. With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and the best of information and according to the explanations given to us:

- the Company has disclosed the impact of pending litigations as at March 31, 2015 on its financial statements;

- the Company has made provision, as required under applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts; and;

- there has been no delay in transferring amounts required to be transferred, to the Investor Education and Protection Fund by the Company during the year ended March 31, 2015.

ANNEXURE REFERRED IN OUR REPORT ON STANDALONE FINANCIAL STATEMENTS TO THE MEMBERS OF MODI RUBBER LIMITED FOR THE YEAR ENDED 31st MARCH 2015

1. a) The Company has maintained proper records to show full

particulars including quantitative details and situation of its fixed assets. b) The fixed assets (except the assets which the company has no access) have been physically verified by the management during the year. Material discrepancy noticed during such verification, have been properly dealt with in the books of accounts.

2. a) Physical verification of the inventories of the company has been

conducted at reasonable intervals. However in some cases, physical verification has not been conducted due to non-access of the inventory.

b) In our opinion and according to the information and explanations given to us, 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.

c) The company has maintained proper records of inventories. As explained to us, material discrepancies noticed on physical verification of inventories as compared to book records have been properly dealt with in the books of accounts.

3. The Company has granted an unsecured loan to one of its wholly owned subsidiary company, covered in the register maintained under section 189 of the Act. The aforesaid loan is interest free and whole of the principal amount has been received back during the current year.

4. In our opinion and according to the information and explanations provided 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 and fixed assets and for sale of goods and services. We have not observed any continuing failure to correct major weaknesses in the aforesaid internal control system during the course of audit.

5. According to the information and explanation given to us, the company has not accepted any deposits within the meaning of sections 73 and 74 of the Act and the rules framed thereunder to the extent notifed. Therefore, the provision of Clause (v) of paragraph 3 of the Order is not applicable to the Company.

6. The Central Government has prescribed maintenance of Cost Records under clause (d) of sub-section (1) of Section 148 of the Act. However no Cost Records are maintained due to the suspension of manufacturing operations.

7. a. The company is generally regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty, Value Added Tax, Cess and any other statutory dues with the appropriate authorities except amounts of Rs. 139.66 lacs due to various Sales Tax Authorities and Rs. 247.75 lacs payable to Gratuity Trust as at the last day of the financial year concerned for a period of more than six months from the date they become payable. b. According to information and explanations given to us, the dues of Income Tax, Sales Tax, Wealth Tax, Customs Duty, Service Tax, Excise Duty Value Added Tax and Cess which have not been deposited on account of any dispute and the forum where the dispute is pending, are as under :-

Sl.Name of the Statute State Amount No. Rs. Lacs

I EXCISE/DGFT LIABLITY

1 Central Excise Act, 1944 Central Excise Act, 1944 1,604.72

2 Foreign Trade Development Delhi 200.00 and Regulation Act, 1992

3 Custom Act, 1962 379.89

II SALES TAX LIABILITY

1 U.P Trade/VAT Act Uttar Pradesh 323.82

2 Bihar Finance Act Bihar 374.85

3 Delhi ST Act Delhi 337.08

4 Maharashtra ST Act Mumbai 790.52

5 Jharkand ST Act Jamshedpur 65.42

6 Jharkand ST Act Ranchi 27.96

7 A.P GST Act Andhra Pradesh 95.58

8 Haryana CST Act Haryana 63.05

9 J & K ST Act Jammu & Kashmir 42.33

10 M.P Comm. Tax Act Madhya Pradesh 134.40

11 Uttaranchal ST Act Uttranchal (Haldwani) 20.29

12 Pondicherry ST Act Puducherry 0.73

Sl.Name of the Statute Forum Where Dispute is pending Period Which It Relates to

I EXCISE/DGFT LIABLITY

1. Central Excise Act 1944 High Court and Appellate Tribunals 1992-2002

2. Foreign Trade Development Additional DGFT and Regulation Act1992 Commissioner (A) 1995-1996

3. Custom Act 1962 Commissioner (A) 1996, 2000, 2001

II SALES TAX LIABLITU

1. U.P Trade/VAT Act Tribunal, Add. Comm. (A), D.C. (A) 1977-2002

2. Bihar Finance Act Jt. Comm. (A) 1990-2002

3. Delhi ST Act D.C. (A) 1976-2002

4. Maharashtra ST Act D.C. (A) 1975-2002

5. Jharkand ST Act D.C. (A) 2000-2002

6. Jharkand ST Act D.C. (A) 2000-2002

7. A.P.GST Act Comm. (A) 1999-2002

8. Haryana CST Act Jt. Comm. (A) 1999-2003

9. J & K ST Act D.C. (A) 2001-2002

10.M.P.Comm.Tax Act D.C. (A) 1993-2002

11.Uttaranchal ST Act Jt. Comm. (A) 2000-2002

12.Pandicherry ST Act D.C. (A) 1999-2000

c. The amount required to be transferred to Investor Education and Protection Fund has been transferred within the stipulated time in accordance with the provisions of the Companies Act, 1956 (1 of 1956) and the rules made thereunder.

8. There are no accumulated losses at the end of the financial year. The Company has not incurred any Cash Loss during the year and immediately preceding financial year.

9. In our opinion and according to information and explanations given to us, the Company has not defaulted in repayment of dues to any financial institutions, banks or debenture holders.

10. On the basis of information and explanations given to us the company has not given any guarantee for loan taken by others from bank or financial institutions.

11. As per information and explanations given to us, we report that the company has taken a term loan during the year. This loan has been applied for the purpose for which it was obtained.

12. Based on the audit procedures performed and information and explanations given to us 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 P D M AND COMPANY

Chartered Accountants

(Firm Registration No. 007966N)

Place : New Delhi CA. Prabhat Jain

Date : 29.05.2015 Partner

(M. No. 086756)


Mar 31, 2014

We have audited the accompanying financial statements of Modi Rubber 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

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 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.

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, 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, we report that subject to:-

i) Serial No. 5 of Note No. 24 regarding non availability of information of unpaid balances to Micro, Small and Medium Enterprises;

ii) Serial No. 9 of Note No. 24 regarding non ascertainment of value of intangible assets and value of impairment loss on Assets as per AS 26 & 28 respectively;

the total impact of which, is presently not ascertainable, the aforesaid financial statements give the information required by the Companies Act, 1956 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 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 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, as amended by the Companies (Auditors'' Report) (Amendment) Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act (hereinafter referred to as "the Order"), 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 and the 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, the 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 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.

ANNEXURE TO THE INDEPENDENT AUDITORS'' REPORT

The Annexure referred to in the main Auditors Report of even date:-

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

b) The fixed assets (except the assets which the company has no access) have been physically verified by the management during the year. Material discrepancy noticed during such verification, have been properly dealt with in the books of accounts.

c) In our opinion and according to the information and explanation given to us the Company has not disposed off a substantial part of its fixed assets during the year.

ii) a) Physical verification of the inventories of the company has been conducted at reasonable intervals. However in some cases, physical verification has not been conducted due to non-access of the inventory.

b) In our opinion and according to the information and explanations given to us, 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.

c) The company has maintained proper records of inventories. As explained to us, material discrepancies noticed on physical verification of inventories as compared to book records have been properly dealt with in the books of accounts.

iii) a) The Company has not granted any secured/unsecured loan to any party listed in the register maintained under section 301 of the Companies Act, 1956.

b) The Company has taken interest free unsecured loans from one company listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loans taken during the year was Rs. 220 lacs and the balance outstanding as at 31st March, 2014 is Rs. Nil.

c) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of the loans granted/taken are not prima facie prejudicial to the interest of the company.

d) No loan is outstanding at the year end, as the outstanding amount at the beginning of the year has duly been repaid during the year.

iv) In our opinion and according to the information and explanations provided 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 and fixed assets and for sale of goods and services. We have not observed any continuing failure to correct major weaknesses in the aforesaid internal control system during the course of audit.

v) a) As per information and explanations provided to us, the particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that Section.

b) As per information and explanations provided to us, the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

vi) The Company has not accepted any public deposits. Therefore provisions of section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the directions issued by Reserve Bank of India are not applicable and therefore not commented upon.

vii) As informed to us, the company has an internal audit system commensurate with its size and nature of its business. However, due to suspension of operations, there is no designated team for internal audit.

viii) The Central Government has prescribed maintenance of Cost Records under clause (d) of sub-section (1) of Section 209(1)(d) of the Act. However no Cost Records are maintained due to the suspension of manufacturing operations.

ix) (a) The company is generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty, Cess and any other statutory dues with the appropriate authorities except amounts of Rs. 86.90 lacs due to various Sales Tax Authorities and Rs. 233.14 lacs payable to Gratuity Trust as at the last day of the financial year concerned for a period of more than six months from the date they become payable.

(b) According to information and explanations given to us, the 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 and the forum where the dispute is pending, are as under :-

S. Name of the Statute State Amount No. Rs. Lacs

I EXCISE/DGFT LIABLITY

1 Central Excise Act, 1944 Central Excise 1,653.97 Act, 1944

2 Foreign Trade Development Delhi 200.00 and Regulation Act, 1992

3 Custom Act, 1962 563.16

II SALES TAX LIABILITY

1 U.P Trade/VAT Act Uttar Pradesh 323.82

2 Bihar Finance Act Bihar 374.85

3 Delhi ST Act Delhi 337.08

4 Maharashtra ST Act Mumbai 790.52

5 W.B State Act Kolkatta 131.17

6 Jharkand ST Act Jamshedpur 65.42

7 Jharkand ST Act Ranchi 27.96

8 A.P GST Act Andhra Pradesh 95.58

9 Haryana CST Act Haryana 63.05

10 J & K ST Act Jammu & Kashmir 42.33

11 M.P Comm. Tax Act Madhya Pradesh 134.40

12 Uttaranchal ST Act Uttranchal 20.29 (Haldwani)

13 Pondicherry ST Act Pondicherry 0.73





S. Name of the Statute Forum Where Dispute Period Which It No. is pending Relates to

I EXCISE/DGFT LIABLITY

1 Central Excise Act, 1944 High Court and 1992-2002 Appellate Tribunals

2 Foreign Trade Development Additional DGFT 1995-1996 and Regulation Act, 1992 Commissioner (A)

3 Custom Act, 1962 Commissioner (A) 1996, 2000, 2001

II SALES TAX LIABILITY

1 U.P Trade/VAT Act Tribunal, Add. 1977-2002 Comm.(A), D.C. (A)

2 Bihar Finance Act Jt. Comm. (A) 1990-2002

3 Delhi ST Act D.C. (A) 1976-2002

4 Maharashtra ST Act D.C. (A) 1975-2002

5 W.B State Act D.C. (A) 1975-2002

6 Jharkand ST Act D.C. (A) 2000-2002

7 Jharkand ST Act D.C. (A) 2000-2002

8 A.P GST Act Comm. (A) 1999-2002

9 Haryana CST Act Jt. Comm. (A) 1999-2003

10 J & K ST Act D.C. (A) 2001-2002

11 M.P Comm. Tax Act D.C. (A) 1993-2002

12 Uttaranchal ST Act Jt. Comm. (A) 2000-2002 13 Pondicherry ST Act D.C. (A) 1999-2000



x) There are no accumulated losses at the end of the financial year. The Company has not incurred any Cash Loss during the year and immediately preceding financial year.

xi) In our opinion and according to informations and explanations given to us, the Company has not defaulted in repayment of dues to any financial institutions, banks or debenture holders.

xii) As informed 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) The Company is not carrying on the business of Chit Fund, Nidhi or Mutual Benefits Fund / Societies.

xiv) The Company is not dealing or trading in Shares, Securities and other Investments.

xv) The Company has not given any guarantee for loan taken by others from banks or financial institutions.

xvi) The Company has not taken any term loan during the financial year.

xvii) The Company has not raised any loan during the year.

xviii) The Company has neither issued any fresh share capital nor made any preferential allotment during the year.

xix) The Company has not issued any debenture during the year.

xx) The Company has not raised any money by way of Public Issue during the year.

xxi) As informed by the company, no case of any fraud on or by the Company has been noticed or reported during the year.



For: P D M AND COMPANY Chartered Accountants (Firm Regn. No. 007966N)

Place : New Delhi CA. Prabhat Jain Date : 28.05.2014 Partner (M. No. 086756)


Mar 31, 2013

Report of the Auditors to the Shareholders

1. We have audited the attached Balance Sheet of Modi Rubber Limited as at 31st March 2013, the Statement of Proft and Loss and the Cash Flow Statement of the Company for the period ended on that date, annexed thereto. These fnancial statements are the responsibility of the Company''s Management. Our responsibility is to express an opinion on these fnancial 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 fnancial statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fnancial statements. An audit also includes assessing the accounting principles used and signifcant estimates made by management, as well as evaluating the overall fnancial 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(4A) of the Companies Act, 1956, we give in the Annexure a statement on the matters specifed in paragraphs 4 & 5 of the said order.

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, Statement of Proft and Loss and Cash Flow Statement dealt with by this report are in agreement with the books of account;

iv) In our opinion, the Statement of Proft and Loss, Balance Sheet and Cash Flow Statement comply with the requirements of the Accounting Standards referred to in sub section (3C) of section 211 of the Companies Act, 1956; and;

v) On the basis of the written representations received from the directors on 31st March, 2013 and taken on record by the Board of Directors, we report that none of the Director as at 31st March, 2013 is disqualifed from being appointed as director of the company under clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

5. In our opinion and to the best of our information and according to the explanations given to us, we further report that subject to:-i) Serial No. 5 of Note No. 25 regarding non availability of information of unpaid balances to Micro, Small and Medium Enterprises;

ii) Serial No. 10 of Note No. 25 regarding non ascertainment of value of intangible assets and value of impairment loss on Assets as per AS 26 & 28 respectively; the total impact of which, is presently not ascertainable, the said accounts read with other notes thereon, 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 Balance Sheet, of the state of the Company''s affairs as at 31st March, 2013;

ii) in the case of Statement of Proft and Loss, of the Proft of the Company for the period ended on that date; and;

iii) in the case of Cash Flow Statement, of the Cash Flows for the period ended on that date.

ANNEXURE TO THE AUDITORS'' REPORT

The Annexure referred to in the main Auditors Report of even date:-i) a) The Company has maintained proper records to show full particulars including quantitative details and situation of its fxed assets.

b) The fxed assets (except the assets which the company has no access) have been physically verifed by the management at the period end. No material discrepancy has been noticed on such verifcation.

c) In our opinion and according to the information and explanation given to us the Company has not disposed off a substantial part of its fxed assets during the period.

ii) a) Physical verifcation of the inventories of the company has been conducted at reasonable intervals. However in some cases, physical verifcation has not been conducted due to non-access of the inventory.

b) In our opinion and according to the information and explanations given to us, the procedures of physical verifcation of inventory followed by the Management are reasonable and adequate in relation to the size of the Company and the nature of its business.

c) The company has maintained proper records of inventories. As explained to us, material discrepancies noticed on physical verifcation of inventories as compared to book records have been properly dealt with in the books of accounts.

iii) a) The Company has not granted any secured/unsecured loan to any party listed in the register maintained under section 301 of the Companies Act, 1956.

b) The Company has taken interest free unsecured loans from two companies listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loans taken during the year was Rs. 530 lacs and the balance outstanding as at 31st March, 2013 is Rs. 220 lacs.

c) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of the loans granted/taken are not prima facie prejudicial to the interest of the company.

d) Such loans outstanding at the period end are at call and have not been recalled during the period.

iv) In our opinion and according to the information and explanations provided 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 and fxed assets and for sale of goods and services. We have not observed any continuing failure to correct major weaknesses in the aforesaid internal control system during the course of audit.

v) a) As per information and explanations provided to us, the particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that Section.

b) As per information and explanations provided to us, the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

vi) The Company has not accepted any public deposits. Therefore provisions of section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the directions issued by Reserve Bank of India are not applicable and therefore not commented upon.

vii) As informed to us, the company has an internal audit system commensurate with its size and nature of its business. However, due to suspension of operations, there is no designated team for internal audit.

viii) The Central Government has prescribed maintenance of Cost Records under clause (d) of sub-section (1) of Section 209(1) (d) of the Act. However no Cost Records are maintained due to the suspension of manufacturing operations.

ix) (a) The company is generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty, Cess and any other statutory dues with the appropriate authorities except amounts of Rs. 86.90 lacs due to Sales Tax Authorities and Rs. 232.16 lacs payable to gratuity trust as at the last day of the fnancial year concerned for a period of more than six months from the date they become payable.

(b) According to information and explanations given to us, the 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 and the forum where the dispute is pending, are as under :-

S. Name of the Statute State Amount No. Rs. Lacs

EXCISE/DGFT LIABLITY

1 Central Excise Act, 1944 Central Excise Act, 1944 1,653.97

2 Foreign Trade Development and Delhi 200.00

Regulation Act, 1992 II SALES TAX LIABILITY

1 U.P Trade/VAT Act Uttar Pradesh 1077.04

2 Bihar Finance Act Bihar 374.85

3 Delhi ST Act Delhi 337.08

4 Maharashtra ST Act Mumbai 790.52

5 W.B State Act Kolkatta 131.17

6 Jharkand ST Act Jamshedpur 65.42

7 Jharkand ST Act Ranchi 27.96

8 A.P GST Act Andhra Pradesh 95.58

9 Haryana CST Act Haryana 63.05

10 J & K ST Act Jammu & Kashmir 42.33

11 M.P Comm. Tax Act Madhya Pradesh 134.40

12 Uttaranchal ST Act Uttranchal (Haldwani) 20.29

13 Pondicherry ST Act Puducherry 0.73

Name Forum Where Dispute is pending Period Which It Relates to

Central Excise Act, 1944 High Court and Appelate Tribunals 1992-2002

Foreign Trade Development Additional DGFT Commissioner (A) 1995-1996

U.P Trade/VAT Act Tribunal, Add. Comm. (A), D.C. (A) 1977-2002

Bihar Finance Act Jt. Comm. (A) 1990-2002

Delhi ST Act D.C. (A) 1976-2002

Maharashtra ST Act D.C. (A) 1975-2002

W.B State Act D.C. (A) 1975-2002

Jharkand ST Act D.C. (A) 2000-2002

Jharkand ST Act D.C. (A) 2000-2002

A.P GST Act Comm. (A) 1999-2002

Haryana CST Act Jt. Comm. (A) 1999-2003

J & K ST Act D.C. (A) 2001-2002

M.P Comm. Tax Act D.C. (A) 1993-2002

Uttaranchal ST Act Jt. Comm. (A) 2000-2002

Pondicherry ST Act D.C. (A) 1999-2000

x) There are no accumulated losses at the end of the fnancial year. The Company has not incurred any Cash Loss during the year and immediately preceding fnancial year.

xi) In our opinion and according to informations and explanations given to us, the Company has not defaulted in repayment of dues to any fnancial institutions, banks or debenture holders.

xii) As informed 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) The Company is not carrying on the business of Chit Fund, Nidhi or Mutual Benefts Fund / Societies.

xiv) The Company is not dealing or trading in Shares, Securities and other Investments.

xv) The Company has not given any guarantee for loan taken by others from banks or fnancial institutions.

xvi) The Company has not taken any term loans during the fnancial year.

xvii) The Company has not raised any loans during the period. xviii) The Company has neither issued any fresh share capital nor made any preferential allotment during the period. xix) The Company has not issued any debenture during the period. xx) The Company has not raised any money by way of Public Issue during the period. xxi) As informed by the company, no case of any fraud on or by the Company has been noticed or reported during the period.

For P D M and Company Chartered Accountants

(Firm''s Reg. No. 007966N)

CA. Prabhat Jain

Place: New Delhi Partner

Date: 28.05.2013 (M. No. 086756)


Sep 30, 2011

1. We have audited the attached Balance Sheet of Modi Rubber Limited as at 30th September 2011, the Profit & Loss Account and the Cash Flow Statement of the Company for the period ended on that date, annexed thereto. These financial statements are the responsibility of the Company's Management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of any 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(4A) of the Companies Act, 1956, we give in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

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, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account;

iv) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Row Statement comply with the requirements of the Accounting Standards referred to in sub section (3C) of section 211 of the Companies Act, 1956; and;

v) On the basis of the written representations received from the directors on 30th September, 2011 and taken on record by the Board of Directors, we report that none of the Director as at 30th September, 2011 is disqualified from being appointed as director of the company under clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

5. In our opinion and to the best of our information and according to the explanations given to us, we further report that subject to:-

i) Note No. 7 regarding non availability of information of unpaid balances to Micro, Small and Medium Enterprises;

ii) Note No. 13 regarding non ascertainment of value of intangible assets and value of impairment loss on Assets as per AS 26 & 28 respectively;

the total impact of which, is presently not ascertainable, the said accounts read with other notes thereon, give the information re- quired 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 Balance Sheet, of the state of the Company's affairs as at 30th September, 2011;

ii) in the case of Profit and Loss Account, of the Profit of the Company for the period ended on that date; and;

iii) in the case of Cash Flow Statement, of the Cash Flows for the period ended on that date.

ANNEXURE TO THE AUDITORS REPORT

The Annexure referred to in the main Auditors Report of even date:-

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

b) The fixed assets (except the assets which the company has no access) have been physically verified by the management at the period end. No material discrepancy has been noticed on such verification.

c) In our opinion and according to the information and explanation given to us the Company has not disposed off a substantial part of its fixed assets during the period.

ii) a) The physical verification of the inventories of the company has been conducted at reasonable intervals. However in some cases, physical verification has not been conducted due to non-access of the inventory.

b) In our opinion and according to the information and explanations given to us, 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.

c) The company has maintained proper records of inventories.

As explained to us, material discrepancies noticed on physical verification of inventories as compared to book records have been properly dealt with in the books of accounts.

iii) a) The Company has granted an interest free unsecured loan to a company listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loan granted during the year and the balance outstanding as at SO"1 September, 2011 is Rs. 3542.61 lacs.

b) The Company has taken interest free unsecured loans from two companies listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loans taken during the year was Rs. 5790.32 lacs and the balance outstanding as at 30lh September, 2011 is Rs. Nil.

c) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of the loans granted/taken are not prima facie prejudicial to the interest of the company.

d) Such loans outstanding at the period end are at call and have not been recalled during the period.

iv) In our opinion and according to the information and explanations ' provided 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 sale of goods and services. We have not observed any continuing failure to correct major weaknesses in the aforesaid internal control system during the course of audit.

v) a) As per information and explanations provided to us, the particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that Section, b) As per information and explanations provided to us, the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

vi) The Company has not accepted any public deposits. Therefore provisions of section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the directions issued by Reserve Bank of India are not applicable and therefore not commented upon.

vii) As informed to us, the company has an internal audit system commensurate with its size and nature of its business. However, due to suspension of operations, there is no designated team for internal audit.

viii) No Cost Records were maintained due to the suspension of manufacturing operations.

ix) (a) The company is generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax, Wealth Tax, Custom Duty, Excise Duty, Cess and any other statutory dues with the appropriate authorities except an amount of Rs. 86.90 lacs due to Sales Tax Authorities, as at the last day of the financial year concerned for a period of more than six months from the date they become payable.

(b) According to information and explanations given to us, the 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 and the forum where the dispute is pending, are as under

S. Name of the Statute State Amount Rs. Forum Where Dispute is pending Period Which No. Lacs It Relates to

1 EXCISE/DGFT LIABLITY

1 Central Excise Act, 1944 Central Excise Act,1944 1,653.97 High Court and Appelate Tribunals 1992-2002

2 Foreign Trade Development and Delhi 1,161.20 Additional DGFT Commissioner (A) 1996-2000 Regulation Act, 1992

II SALES TAX LIABI LITY

1 U.P Trade /VAT Act Uttar Pradesh 1079.89 Tribunal, Add. Comm.(A),D.C. (A) 1977-2002

2 Bihar Finance Act Bihar 374.85 Jt. Comm. (A) 1990-2002

3 Delhi ST Act Delhi 337.08 D.C. (A) 1976-2002

4 Maharashtra ST Act Mumbai 790.52 D.C. (A) 1975-2002

5 W.B State Act Kolkatta 287.96 D.C. (A) 1975-2001

6 Jharkand ST Act Jamshedpur 65.42 D.C. (A) 2000-2002

7 Jharkand ST Act Ranchi 27.96 D.C. (A) 2000-2002

8 A.PGSTAct Andhra Pradesh 95.58 Comm. (A) 1999-2002

9 Haryana CST Act Haryana 63.05 Jt. Comm. (A) 1999-2003

10 J & K ST Act Jammu & Kashmir 42.33 D.C. (A) 2001-2002

11 M.P Comm. Tax Act Madhya Pradesh 134.40 D.C. (A) 1993-2002

12 Uttaranchal ST Act Uttranchal (Haldwani) 20.29 Jt. Comm. (A) 2000-2002

13 Pondicherry ST Act Puducherry 0.73 D.C. (A) 1999-2000

14 Karnataka Entry Tax Karnataka 2.92 D.C. 2000-2002

x) There are no accumulated losses at the end of the financial year. The Company has not incurred any Cash Loss during the year and immediately preceding financial year.

xi) In our opinion and according to information's and explanations given to us, the Company has not defaulted in repayment of dues to any financial institutions, banks or debenture holders.

xii) As informed 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) The Company is not carrying on the business of Chit Fund, Nidhi or Mutual Benefits Fund / Societies.

xiv) The Company is not dealing or trading in Shares, Securities and other Investments.

xv) The Company has given corporate guarantees for loans taken by subsidiary companies. According to the information and explanation given to us, we are of the opinion that the terms and conditions thereof are not prejudicial to the interest of the company. There is no guarantee at the year end.

xvi) The Company has obtained term loans during the financial year which were utilized for the purpose for which they were taken.

xvii) The Company has raised loans on long term basis during the year which were utilized for the purpose for which they were raised.

xviii) The company has neither issued any fresh share capital nor made any preferential allotment during the period.

xix) The Company has not issued any debenture during the period.

xx) The Company has not raised any money by way of Public Issue during the period.

xxi) As informed by the company, no case of any fraud on or by the Company has been noticed or reported during the period.

for P D M & Co. (Firm Registration No. 07966N) CHARTERED ACCOUNTANTS

CA. PRABHATJAIN

Date : 02.12.2011 Partner

Place : New Delhi M.No. 086756


Mar 31, 2010

1. We have audited the attached Balance Sheet of Modi Rubber Limited as at 31a March 2010, the Profit & Loss Account and the Cash Flow Statement of the Company for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Companys Management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of any 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 give in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

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, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account;

iv) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the requirements of the Accounting Standards referred to in sub section (3C) of section 211 of the Companies Act, 1956; and;

v) On the basis of the written representations received from the directors and taken on record by the Board of Directors, we report that none of the Director as on 31st March, 2010 is disqualified from being appointed as director as on 31s March, 2010 of the company under clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

5. In our opinion and to the best of our information and according to the explanations given to us, we further report that subject to:-

i) Note No. 1 regarding non acceptance of terms/reliefs/ concessions as per BIFR scheme SS08, by some authorities/ parties.

ii) Note No. 4(c) regarding non-provision of Deferred Tax Asset/ Liability;

iii) Note No. 7 regarding non availability of information of unpaid balances to Micro, Small and Medium Enterprises; iv) Note No. 8 regarding non confirmation/ reconciliation of various balances of Suppliers, Customers, Advances etc; and;

v) Note No. 12 regarding non ascertainment of value of intangible assets and value of impairment loss on Assets as per AS 26 & 28 respectively;

the total impact of which, is presently not ascertainable, the said accounts read with other notes thereon, 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 Balance Sheet, of the state of the Companys affairs as at 31* March 2010;

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

iii) 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 the main Auditors Report of even date :

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

b) The fixed assets have not been physically verified by the management during the year. In view of non verification, it is not possible for us to comment, if there is any serious discrepancy.

c) In our opinion and according to the information and explanation given to us the Company has not disposed off a substantial part of its fixed assets during the year.

ii) a) The physical verification of the inventories of the company has been conducted at reasonable intervals. However in some cases, physical verification has not been conducted due to non-access of the inventory

b) In our opinion and according to the information and explanations given to us, 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.

c) The company has maintained proper records of inventories. As explained to us, there were no material discrepancies noticed on physical verification of inventories as compared to book records.

iii) a) The Company has granted an interest free unsecured loan to a company listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loan granted during the year and the balance outstanding as at March 31, 2010 is Rs. 1063.15 lacs.

b) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of the loan given are not prima facie prejudicial to the interest of the company.

c) Such loan outstanding at the year end is at call and has not been recalled during the year.

d) The Company has taken interest free unsecured loans from two companies listed in the register maintained under section 301 of the Companies Act, 1956. The maximum amount of loans taken during the year was Rs. 6354.34 lacs and the balance outstanding as at March 31, 2010 is Rs. 5790.31 lacs.

e) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions of loans taken are not prima facie prejudicial to the interest of the company.

f) Such loans outstanding at the year end are at call and have not been recalled during the year.

iv) Inouropinionand accordingtothe information and explanations provided 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 sale of goods and services. We have not observed any continuing failure to correct major weaknesses in the aforesaid internal controls system during the course of audit.

v) a) As per information and explanations provided to us, the particulars of contracts or arrangements referred to in Section 301 of the Companies Act, 1956, have been entered in the register required to be maintained under that Section.

b) As per information and explanations provided to us, the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

vi) The Company has not accepted any public deposits. Therefore provisions of section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the directions issued by Reserve Bank of India are not applicable and therefore not commented upon.

vii) No system of Internal Audit was operational during the year due to suspension of operations.

viii) No Cost Records were maintained due to the suspension of manufacturing operations.

ix) (a) The company is generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income Tax, Service Tax, Custom Duty, Excise Duty and any other statutory dues with the appropriate authorities except an amount of Rs. 1009.06 lacs (including interest) due to Sales Tax Authorities, as at the last day of the financial year concerned for a period of more than six months from the date they become payable.

(b) According to information and explanations given to us, the 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 and the forum where the dispute is pending are as under :-

S. Name of the State Amount Forum Where Period to

No. Statute Rs. Lacs Dispute is Which it

pending Relates

1 EXCISE LIABILITY

I Central Excise Central 3,239.10 High Court 1992-2002 Act, 1944 Excise Act, and Appellate 1944 Tribunals

II SALES TAXT LIABILITY

1 Bihar Finance Bihar 1,469.35 Jt. Comm. (A) 1990-2002 Act

2 Delhi ST Act Delhi 1,049.36 D.C. (A) 1976-2002

3 Maharashtra Mummbai 1,793.54 D.C. (A) 1975-2002 ST Act

4 Maharashtra Nagpur 13053 D.C. (A) 1994-2000 ST Act

5 W.B State Act Kolkatta 1,078.27 D.C. (A) 1975-2001

6 Gujarat S. Tax Gujarat 279.43 Jt. Comm. (A) 1996-2002 Act

S. Name of the State Amount Forum Where Period to

No. Statute Rs. Lacs Dispute is Which It

pending Relates

7 Kerala GST Act Kerala 427.97 D.C. (A) 1980-2002

8 Jharkand ST Jamshed- 180.89 D.C. (A) 2000-2002 Act pur

9 Jharkand ST Ranchi 84.83 D.C. (A) 2000-2002 Act

10 A.P GST Act Andhra 298.02 Comm. (A) 1999-2002 Pradesh

11 Haryana CST Haryana 137.62 Jt. Comm. (A) 1999.-2003 Act

12 J & K ST Act Jammu & 254.34 D.C. (A) 1999-2002 Kashmir

13 Orissa ST Act Orissa 6.44 D.C. (A) 1999-2002

14 M.P Comm. Madhya 178.43 D.C. (A) 1993-2002 Tax Act Pradesh

15 Chattisgarh ST Chattisgarh 81.59 D.C. (A) 2001-2002 Act

16 Uttaranchal ST Uttranchal 39.52 Jt. Comm. (A) 2000-2002 Act (Haldwani)

17 Pondicherry Pondicherry 2.34 D.C. (A) 1999-2000 ST Act

18 UP Trade Tax Uttar 3,435.58 Addl. Comm. 1977-2001 Act/CST Pradesh (A)

x) The accumulated losses at the end of the financial year are less than 50% of the net worth of the Company. The Company has not incurred any Cash Loss during the year and immediately preceding financial year.

xi) In our opinion and according to informations and explanations given to us, the Company has not defaulted in repayment of dues to any financial institutions, banks or debenture holders.

xii) As informed 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) The Company is not carrying on the business of Chit Fund, Nidhi or Mutual Benefits Fund / Societies.

xiv) The Company is not dealing or trading in Shares, Securities and other Investments.

xv) The Company has given corporate guarantees for loans taken by associated companies. According to the information and explanation given to us, we are of the opinion that the terms and conditions thereof are not prejudicial to the interest of the company.

xvi) The Company has not obtained any fresh term loan during the financial year.

xvii) The Company has not raised any funds during the year, thus the question of use of short term funds for long term investments does not arise.

xviii) The company has neither issued any fresh share capital nor made any preferential allotment during the year.

xix) The Company has not issued any debenture during the year.

xx) The Company has not raised any money by way of Public Issue during the year.

xxi) As informed by the company, no case of any fraud on or by the Company has been noticed or reported during the year.



for P D M & Co.

(Firm Registration No. 07966N)

CHARTERED ACCOUNTANTS

Date ; 18.09.2010 CA. PRABHAT JAIN

Place : New Delhi Partner

M.No. 86756

 
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