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Auditor Report of Radhagobind Commercial Ltd.

Mar 31, 2015

Management Responsibility for the Financial Statements

The Company board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to preparation and presentation 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 the accounting standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with provision of the Act for safeguarding the asset of the Company and for preventing and detecting frauds and other regularities; selection and application of the 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 standalone 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 auditor report under the provision of the Act and the rules made there under.

We conducted our audit in accordance with the standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on auditor's judgement, 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 auditors consider internal control relevant to the company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the company has in place an adequate internal financial controls system over financial reporting and operating effectiveness of such control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Company's Director, as well as evaluating the overall presentation of financial statements.

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

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone 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 case of the Balance sheet, of the state of affairs of the company as at March 31, 2015;

(b) In the case of profit and loss Account, of the PROFIT for the Year ended on that date; and © 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, 2015 ("the Order"), issued by the Central Government of India in terms of Sub-Section (11) of Section 143 of the Act, we give in the Annexure a statement on the matters specified in the paragraphs 30 and 4 of the order, to the extent applicable.

2. 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 your Knowledge and belief were necessary for the purposes of our audit.

b) In our opinion proper books of accounts 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 books of account;

d) In our opinion, the aforesaid standalone financial statements comply with the accounting Standard Specified under Section 133 of the Act, read with Rule 7 of the Companies (Account) Rules, 2014;

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

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 to the best of our Information and according to the explanations given to us:

(i) The Company does not have any pending litigations on its financial position in its financial Statements;

(ii) The Company does not have any requirement for making provision under the applicable law or Accounting standards;

(iii) The company does not have any requirement to transfer any amount to Investor Education and Protection fund by the Company.

The Annexure referred to in our Audit Report to the Members of the Company on the standalone financial Statements for the year ended 31st March 2015, we report that:

1 a) The Company is maintaining proper records showing full particulars including quantitative details and situation of Fixed Assets.

b) All the fixed Assets have been physically verified by the management at reasonable intervals and no material discrepancies were noticed on such verification.

2 a) The Company have been physically verified at reasonable intervals by the Management.

b) In our opinion and according to the information and explanation given to us, the procedure of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business.

c) In our opinion and according to the information and explanation given to us, the Company is maintaining proper records of its inventories and no material discrepancies were noticed on such physical verification.

3 The Company has not granted Loans and Advances to Parties covered in the register maintained under Section 189 of the Companies Act, 2013.

4 In our opinion and according to the information and explanations given to us, there is an adequate internal control procedures commensurate with the size of the company and the nature of business with regard to purchase and sale of shares & securities, and services. During the course of our Audit, we have not observed any major weakness in the internal control system during the course of audit.

5. The Company has not accepted any deposits from the public.

6. The Central Government has not prescribed the maintenance of Cost records under Section 148(1) of the Act, for any of the Business rendered by the Company.

7. As explained to us, the provident Fund Scheme, Sales Tax, Excise Duty, Custom Duty, wealth Tax, Value Added Tax and Employees State Insurance Scheme are not applicable to the Company.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax were outstanding as at 31ST March 2015 for a period of more than six months from the sate they become payable.

8. The Company does not have any accumulated loss at the end of the Year. The Company has not incurred cash loss during the financial year covered by our audit and in the immediately preceding financial year.

9. The Company has not defaulted in repayment of dues to any financial institution or bank or debenture holders as at the Balance Sheet date.

10. The Company has not given any guarantee for loans taken by others from banks or financial institutions.

11. In our opinion and according to the information and explanations given to us, the Company has not taken any long term loans during the year.

12. According to the information and explanations given no fraud on or by the Company has been noticed or reported during the year.

161/1, Mahatma Gandhi Road, For, Ashok Kumar Natwarlal & Co.

3rd Floor, Room No. 70B, Chartered Accountants

Kolkata – 700 007 ASHOK KUMAR AGARWAL

Proprietor

Dated: The 30th Day of May 2015 Membership No. 056189

Firm Regn No.322307E


Mar 31, 2014

We have audited the accompanying financial statement of RADHAGOBIND COMMERCIAL LTD, which comprises the Balance sheet as at 31" March, 2014 and the statement of Profit and Loss and Cash Flow for the year then ended, and a summary of Significant accounting policies and other explanatory information.

Management Responsibility for the Financial Statements

Management is responsible for 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 t, 1956 (the Act) read with general Circular 15/2013 dated 13th September 2013 of the Ministry of Corporate Affairs in respect „. 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 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 statement. The procedures selected depend on auditor's judgement, 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 auditors consider 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 the management, as well as evaluating the overall presentation of financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our Audit opinion.

Opinion

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 case of the Balance sheet, of the state of affairs of the company as at March 31,2014;

(b) In the case of 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.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2003 as amended by Companies (Auditor's Report) (amendment) order 2004 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 the 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 the book;

c) The Balance Sheet, Statement of Profit and loss, and Cash flow Statement dealt with by this report are in agreement with books of account;

d) In our opinion, the Balance Sheet and Statement of Profit and Loss, and the Cash Flow Statement comply with accounting Standards notified under the Act read with the General Circular 15/2013 dated 13th September of the ministry of corporate Affairs in respect of Section 133 of the Companies Act, 2013;

e) On the basis of the written representation received from the Directors as on 31st March, 2014 and taken on record by the Board of Directors, none of the directors is disqualified as on 31" March, 2014 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 AUDITORS' REPORT

Statements referred to point No.1 of our report of even date to the member of M/s. RADHAGOBIND COMMERCIAL LIMITED on the accounts for the year ended 31" March, 2014.

In terms of the information and explanations given to us and the books and records examined by us in normal course of audit and to the best of our knowledge and belief we state that:

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

(b) The fixed Assets were physically verified during the year by the management in avoidance with regular programme of verification which, .n our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation given to us, no material discrepancies were noticed during the year © None of the fixed Asset have been revalued during the year.

2. (a) The management has conducted physical verification at suitable intervals in respect of stock of shares & securities and Fabrics.

(b)In our opinion the procedure of physical verification of stock followed by the management is reasonable and adequate in relation to size of Company and nature of the business.

(c)The Company is maintaining proper records of the stock of shares & securities and no discrepancies were noticed on physical verification.

3. In respect of unsecured Loans granted to companies covered in the register maintained u/s 301 of the Companies Act, 1956 and according to information and explanation given to us:

(a) During the year the company has not granted any loans and advances to parties listed in register maintained under section 301 of the Companies Act, 1956 and as such clause 3(iii)(a) to 3(iii)(d) is not applicable.

(e) During the year the company has not taken unsecured loans from Directors listed in the register maintained u/s 301 of the Companies Act, 1956 and as such clause 3(iiix) to 3{iii)(f) is not applicable.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with its size and the nature of business with regard to purchase and sale of shares & securities or services During the course of our Audit, we have not observed any continuing failure to correct major weaknesses in internal control."

5. a) In our opinion and according to the information and explanations given to us, there are no transactions that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

b) In our opinion and according to the information and explanations given to us. there are no transactions of purchase of shares & securities, goods, materials and services made in pursuance of contracts or arrangements with any party entered in the register maintained under Section 301 of Die Companies Act, 1956 for value aggregating to Rs.5,00,000/- or more during the year under review.

6. The Company has not accepted deposits from the public, compliance of the provision of section 58A and 58AA of the Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules 1975, with regard to the deposits accepted from public does not apply.

7. In our opinion and according to the information and explanations, given to us there is an adequate internal audit system commensurate with the size and nature of its business.

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of costs records under section 209(1 )(d) of the Companies Act, 1956, for any products of the Company.

9. a) As explained to us, the Provident fund Scheme and Employees State Insurance Scheme are not applicable to the Company.

b) According to the information and explanation given to us no undisputed amount payable in respect of Income Tax, Sales-tax, Wealth Tax, Service Tax, Custom duty and Excise Duty were outstanding as at 31st March, 2014 for a period of more than six months from the date they become payable.

10. The company is not incurred any cash losses during the financial year covered by our audit and during the immediate preceding financial year.

11. In our opinion and accordance to the information and explanation given to us, the company has not defaulted in repayment of dues to bank with which transactions have been made during the year.

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

13. The company is not a chit fund, nidhi/ Mutual benefit fund and therefore the requirement pertaining to such classes of companies is not applicable. Therefore the previous of clause 4(xiii) of the order are not applicable to the Company.

15. In our opinion and according to the information and explanation given to us, the company has not given any guarantee for loans taken by others from banks or financial institution.

16. In our opinion and according to the information and explanation given to us, the company has not taken any long term loans during the year.

17. According to the information and explanation given to us, and on our overall examination of the Balance Sheet of the Company we report that no funds raised on short term basis have been used for long term investment.

18. According to the information and explanations given to us, the company has not made any preferential allotment of shares during the year to parties and companies covered in the Registered maintained under section 301 of the Companies Act, 1956.

20. The company has not made any public issues during the year and therefore the question of disclosing the end use of money does not arise.

21. According to the information and explanation given no fraud on or by the company has been noticed or reported during the year.

161/1, Mahatma Gandhi Road,

3rd Floor, Room No. 70B, For, Ashok Kumar Natwarlal & Co

Kolkata-700 007 Chartered Accountants

ASHOK KUMAR AGARWAL

Dated : 31st Day of May 2014 Proprietor

Membership No. 056189

Firm Regn No.322307E


Mar 31, 2012

We have audited the attached Balance sheet of M/S. RADHAGOBIND COMMERCIAL COMPANY LIMITED, as at 31st March, 2012 and also the Profit and Loss Account for the year ended on that date annexed hereto. 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.

We conduced 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 statement are free material misstatement. An audit includes examining, on a test basis. evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation, We believe that our audit provides a reasonable basis of our opinion.

Required by the companies (Auditor's Report) Order, 2004, issued by the Central Government 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.

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

1) 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;

2) 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;

3) The Balance Sheet and Profit and Loss account dealt with by this report are in agreement with the books of accounts;

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

5) on the basis of the written representation received from the Board of Directors and taken on record by the Board of Directors. none of the directors of the company was disqualified as on 31st March, 2012 from being appointed as a director, in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

6)in our opinion and to the best of our information and according to the explanations given to me, he 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 2012; and

b) in the case of the Profit and Loans Account, of the Profit of the company 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 AUDITORS' REPORT

Statements referred to in paragraph 3 of our report of even date to the members of M/s. TEJMANGAL COMMERCIAL COMPANY LIMITED on the accounts for the year ended 31st March, 2012.

In terms of the information and explanations given to us and the books and records examined by us in normal course of audit and to the best of our knowledge and belief we state that:

1. The Company does not own any Fixed Assets and as such clauses 4 (i) (a) to 4 (i) (c) of the Companies (Auditors Report) Order 2004 are not applicable.

2. a) The management has conducted physical verification at suitable intervals in respect of stock of shares & securities.

b) In our opinion the procedure of physical verification of stock followed by the management is reasonable and adequate in relation to size of Company and nature of the business.

c) The Company is maintaining proper records of the stock of shares & securities and no discrepancies are noticed on physical verification.

3. In respect of unsecured Loans granted to companies covered in the register maintained u/s 301 of the Companies Act, 1956 and according to information and explanation given to us :

(a) During the year the company has not given any unsecured loans to companies, firms or other parties listed in the register maintained u/s 301 of the Companies Act, 1956 and as such clause 3(iii) (a) to 3(iii) (d) is not applicable.

(b) During the year the company has not taken unsecured loans from Directors listed in the register maintained u/s 301 of the Companies Act, 1956 and as such clause 3(iii)(e) to 3(iii)(f) is not applicable.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with its size and the nature of business with regard to purchase and sale of shares & securities or services. During the course of our Audit, we have not observed any continuing failure to correct major weaknesses in internal control.

5. a) In our opinion and according to the information and explanations given to us, there are no transactions that need to be entered into the register maintained under section 301 of the Companies Act, 1956.

"b) In our opinion and according to the information and explanations given to us, there are no transactions of purchase of shares & securities, goods, materials and services made in pursuance of contracts or arrangements with any party entered in the register maintained under Section 301 of the Companies Act, 1956 for value aggregating to Rs.5,00,000/- or more during the year under review.

6. The Company has not accepted deposits from the public, compliance of the provision of section 58A and 58AA of the Companies Act, 1956 and the Companies (Acceptance of Deposit) Rules 1975, with regard to the deposits accepted from public does not apply.

7. In our opinion and according to the information and explanations, given to us there is an adequate internal audit system commensurate with the size and nature of its business.

8. According to the information and explanations given to us, the Central Government has not prescribed the maintenance of costs records under section 209(1 )(d) of the Companies Act, 1956, for any products of the . Company.

9. a) as explained to us, the Provident Fund Scheme and Employees State Insurance Scheme are not applicable to the company.

b) According to the information and explanation given to us no undisputed amount payable in respect of Income- Tax, Sales- tax, Wealth Tax, Service Tax, custom duty and Excise Duty were outstanding as at 31st march, 2012 for a period of more than six months from the date they become payable.

10. The company has not incurred any cash losses during the financial year covered by our audit and during the immediate preceding financial year.

11. In our opinion and according to the information and explanation given to us, the company has not defaulted in repayment of dues to bank with which transaction have been made during the year.

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

13. The company is not a chit fund, nidhi/ mutual benefit fund and therefore the requirement pertaining to such clause of Company is not applicable. Therefore the provision of clause 4(xiii) of the order are not applicable to the company.

15. In our opinion and according to the information and explanation given to us, the company has not given any guarantee for loan taken by others from banks or financial institutions.

16. In our opinion and according to the information and explanation given to us, the company has not taken any long term loans during the year.

17. According to the information and explanation given to us, and on our overall examination of the balance Sheet of the Company we report that no funds raised on short term basis have been used for long term investments.

19. The company has not issued any debentures during the year and therefore the question of creating security or charge in respect thereof does not arise. security or charge in respect thereof does not arise.

20. The company has not made any public issues during the year and therefore the question of disclosing the end use of money does not arise.

21. According to the information and explanation given to no fraud on or by the Company has been noticed or reported during the year.

161/1, Mahatma Gandhi Road

3rd Floor, Room No. 70B, For, Ashok Kumar Natwarlal & Co.

Kolkata - 700 007 Chartered Accountants

ASHOK KUMAR AGARWAL

Dated : Proprietor

Membership No. 056189

Firm Regn No. 3223 07E

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