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Auditor Report of Samyak International Ltd.

Mar 31, 2015

We have audited the accompanying financial statements of SAMYAK INTERNATIONAL LIMITED ('the Company'), which comprise 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 the significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ('the Act') with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including The Accounting Standards specified under Section 133 of the Act read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes 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.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

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

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give true and fair view in order to design audit procedures that are appropriate in the circumstances, 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 the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements.

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

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Company as at March 31, 2015, and its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by the Central Government in terms of Section 143(11) of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by Section 143(3) of the Act, we report that:

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

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as 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 statements 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 the written representations received from the directors as on March 31, 2015 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 to the best of our information and according to the explanations given to us: i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements - Refer Note 23(A)(i) to the financial statements. ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses. iii. There were no amounts required to be transferred, to the Investor Education and Protection Fund by the Company.

(Referred to in paragraph 1 under 'Report on Other Legal and Regulatory Requirements' section of our report of even date)

(i) In respect of its fixed assets:

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

(b) The Company has a program of verification of fixed assets to cover all the items in a phased manner over a period of three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, the management is in the process of carrying out the physical verification and reconciling the same with the book records. Material discrepancies, if any, between the book records and the physical verification would be dealt with on completion of such reconciliation.

(ii) In respect of its inventories:

(a) As explained to us, the inventories were physically verified during the year by the management at reasonable intervals.

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

(d) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of its inventories and no material discrepancies were noticed on physical verification.

(iii) The Company has not granted loans, secured or unsecured, to companies, firms or other parties covered in the Register maintained under Section 189 of the Companies Act, 2013.

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

(v) According to the information and explanations given to us, the Company has not accepted any deposit during the year. In respect of unclaimed deposits, the Company has complied with the provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act, 2013.

(vi) We have broadly reviewed the cost records maintained by the Company pursuant to the Companies (Cost Records and Audit) Rules, 2014, as amended and prescribed by the Central Government under sub-section (1) of the Section 148 of the Companies Act, 2013 and are of the opinion that, prima facie, the prescribed cost records have been maintained. We have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete.

(vii) According to the information and explanations given to us in respect of statutory dues:

(a) The Company has been generally regular in depositing undisputed statutory dues, including provident fund, employees' state insurance, income tax, sales tax, wealth tax, service tax, custom duty, excise duty, value added tax, cess and other material statutory dues applicable to it with the appropriate authorities.

(b) There were no undisputed amounts payable in respect of provident fund, employees' state insurance, income tax, sales tax, wealth tax, service tax, customs duty, excise duty, value added tax, cess and other material statutory dues in arrears as at March 31, 2015 for a period of more than six months from the date they became payable except.

Name of statute Nature of Dues Amount Financial Year Forum where dispute is pending

MP VAT TAX Entry tax & Penalty 764762/- 2011-12 Commissioner of Apeals

MP VAT TAX CST and Penalty 1077393/- 2011-12 Commissioner of Apeals

MP VAT TAX Entry tax & Penalty 295958/- 2012-13 Commissioner of Apeals

MP VAT TAX VAT and Penalty 2426261/- 2012-13 Commissioner of Apeals

( c) There are no amounts pending to be transferred to Investor Education and Protection Fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made there under.

(viii) The are no accumulated losses of the Company at the end of the financial year and the Company has not incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

(ix) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of dues to financial institutions and banks. The Company has not issued any debentures.

(x) According to the information and explanations given to us, the Company has not given guarantees for loans taken by others from banks and financial institutions.

(xi) In our opinion and according to the information and explanations given to us, the term loans have been applied by the Company during the year for the purposes for which they were obtained.

(xii) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud on the Company has been noticed or reported during the year.

For BHARAT NEEMA & CO.

Chartered Accountants

BHARAT NEEMA

Place : Mumbai Proprietor

Date : 30th May, 2015 (Membership No. 07474810)


Mar 31, 2014

We have audited the accompanying financial statements of SAMYAK INTERNATIONAL LIMITED alongwith its branch at Mumbai, which comprise the balance sheet as at 31 March 2014, 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

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 ("the Act") read with the General Circular 15/2013 dated 13 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 entity''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 31 March 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;

a. in our opinion, the balance sheet, statement of profit and loss and cash flow statement comply 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 13 September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013. ; and

b. on the basis of written representations received from the directors as on 31 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.

ANNEXURE TO THE AUDITORS'' REPORT

As required by the companies (Auditors Report) order 2003 issued by the central Government of India in term of section 227 (4A) of the companies Act. 1956 and on the basis of such checks as we considered appropriate. We further report that :- Reffered to in paragraph 3 of our report of even date are:

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

b. As explained to us the Company has a phased program for physical verification of the fixed assets of the company to cover all location. In our opinion, the frequency of verification is reasonable, considering the size of the Company. No serious discrepancies were noticed on such verification as compared with the available records.

c. During the year there is no disposable of substantial part of fixed assets, affecting going concern assumption.

2. a. Inventories have been physically verified by the management during the year. In our opinion, the frequency of verification is reasonable.

b. In our opinion, 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 inventory. The discrepancies noticed on verification between physical stocks and book stocks were not material and the same have been properly dealt with in the books of account.

3. a. In our opinion and according to the information and explanations given to us, The company has not taken Loans from any party during the year from the parties covered in the register maintained u/s 301 of the companies act and No. of parties was-Nil. The outstanding year end balance of such parties during the year was Rs. NIL and maximum outstanding balance during the year was Rs. NIL.

b. In our opinion and according to the information and explanations given to us, the company has not granted loans to any party covered in the register u/s 301 of the Companies Act, 1956.

c. In our opinion and according to the information and explanations given to us, the rates of interest and other terms & conditions on such loans have been taken/granted from Companies, Firms & other listed parties in the register maintained u/s 301 of the Companies Act, 1956 are not prima facie prejudicial to the interest of the company.

d. The Company has taken unsecured loan from director amounting Rs. 23.29/- Lacs and repay the same.

e. In our opinion and according to the information and explanations given to us. There in no overdue amount of loan taken from Companies. Firms or other parties listed in the register maintained u/s 301 of the companies act, 1956.

4. 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 and fixed assets and for the sale of shares. During the course of our audit, no major weaknesses have been noticed in the internal control system.

5. a. In our opinion and according to the information and explanations given to us, contract and arrangement, transactions that need to be entered as reffered to the Register maintained in pursuance of section 301 of the Companies Act, 1956 have been so entered.

b. i.In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs. 5 Lacs on more were sold / Purchase to Aadi Chem Trade Pvt. Ltd. in pursuance of contracts or agreement entered in the register maintained u/s 301 of the Companies Act, 1956. Amounting to Rs.136.61 Lacs, for Sale and Amounting Rs.54.12Lacs for purchase transaction. Which made at price reasonable having regard to prevailing market price at relevant time.

ii. In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs. 5 Lacs on more were sold / Purchase to Raj Rajendra Parachlor Pvt. Ltd. in pursuance of contracts or agreement entered in the register maintained u/s 301 of the Companies Act, 1956. Amounting to Rs.NIL Lacs, for Sale and Amounting Rs.72.42 Lacs for purchase transaction. Which made at price reasonable having regard to prevailing market price at relevant time.

iii. In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs. 5 Lacs on more were sold / Purchase to Samyak Eco Fuel Pvt. Ltd. in pursuance of contracts or agreement entered in the register maintained u/s 301 of the Companies Act, 1956. Amounting to Rs.NIL Lacs, for Sale and Amounting Rs.191.77 Lacs for purchase transaction. Which made at price reasonable having regard to prevailing market price at relevant time.

iv. In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs. 5 Lacs on more were sold / Purchase to Suhans Capital Market Pvt. Ltd. in pursuance of contracts or agreement entered in the register maintained u/s 301 of the Companies Act, 1956. Amounting Rs.42.66 Lacs for purchase of property transaction. Which made at price reasonable having regard to prevailing market price at relevant time.

6. In our opinion and according to the information and explanations given to us, the company has not accepted deposit from Directors. Shareholders and Directors relatives only as per section 58(A) and 58(AA) of the Companies Act, 1956 and any other relevent provisions of the act. No order has been passed by the Company Law Board or National Co. Law Tribunal or RBI or any Court or Tribunal.

7. In our opinion, the company has an internal audit system, which is commensurate with the size and nature of its business.

8. As explained to us, that the Central Government has not prescribed the maintenance of cost record by the Company under section 209(I)(d) of the Companies Act, 1956.

9. a. According to the records of the Company, the Company has been regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance. Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities. According to information and explanation given to us, there are no undisputed arrears of statutory dues which have remained outstanding as at 31st March, 2014 for a period of more that six months from the date they became payable.

b. As at 31st March, 2014 according to the records of the company and the information and explanations given to us, there are no dues on account of Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, and other matters that have not been deposited on account of dispute :

10. The Company have no accumulated losses during the year.

11. According to information and explanations given to us, the Company has enjoying credit facility from HDFC Bank (Vehicle Loan).

12. According the information and explanations given to us the Company has not granted loans and advances on the basis of Security by way of pledge of shares, debentures and other securities.

13. The Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4 (XIII) of the order are not applicable to the Company.

14. In our opinion the company has maintained adequate records of its dealing in Shares, Securities, Debentures and others invetments and properly enteries have been made therein.

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

16. During the financial year the company has not obtained any term loans. Hence clause 4(xvi) and (xvii) of the order relating to utilisation of the said loan is not applicable.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company. We report that the funds raised on short term basis have not been used for long term investment.

18. The Company has not made any preferential allotment of shares during the year to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956.

19. The Company has not issued any debenture during the year.

20. The Company has not made any public issue during the year.

21. 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 Bharat Neema & Co. Chartered Accountants

Place: Mumbai CA Bharat Neema Proprietor Date: 28th May 2014 Membership No. 074810


Mar 31, 2013

We have audited the attached Balance Sheet of SAMYAK International Ltd., Indore as at 31st March 2013 and also the Profit & Loss Account and also the cash flow statment of the Company for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company''s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosure''s in the financial statements. An audit also includes assessing the accounting principal''s used and significant estimates made by manage- ment, as well as evaluating the overall financial statement presentation. We belive that our audit provides a reasonable basis for our opinion.

1. As required by the Companies (Auditors'' Report) order 2003, (the order) issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we give in annexure hereto, a statement on the matters specified in paragraph 4 & 5 of the said order.

2. Further to our comments in the annexure referred to in paragraph(3), above we state 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 accounts as required by the law have been kept by the Company so far as appears from our examination of the books.

c. The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of ac- count.

d. In our opinion the Balance Sheet and Profit Account and Cash flow statement dealt with by this report complies with the mandatory Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956.

e. In our opinion and to the best of information and explanations given to us, none of the directors are disqualified as at 31st March 2013, from being appointed as directors in terms of clause (g) of Sub-section (1) of section 274 of the 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 read together with the Accounting policies and notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in confirmative the accounting principals generally accepted in India :

(i) In the case of Balance Sheet of the State of Affairs of the Company as at 31st March 2013, and

(ii) In the case of Profit & Loss Account of the Profit of the Company for the year ended 315I March 2013.

(iii) In the case of cash flow statement of the said statement for year ended on that date.

ANNEXURE TO THE AUDITORS'' REPORT

As required by the companies (Auditors Report) order 2003 issued by the central Government of India in term of section 227 (4A) of the companies Act. 1956 and on the basis of such checks as we considered appropriate. We further report that :-

Reffered to in paragraph 3 of our report of even date are:

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

b. As explained to us the Company has a phased program for physical verification of the fixed assets of the company to coverall location. In our opinion, the frequency of verification is reasonable, considering the size of the Company. No serious discrepancies were noticed on such verification as compared with the available records.

c. During the year there is no disposable of substantial part of fixed assets, affecting going concern assumption.

2. a. Inventories have been physically verified by the management during the year. In our opinion, the frequency of verification is reasonable.

b. In our opinion, 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 inventory. The discrepancies noticed on verification between physical stocks and book stocks were not material and the same have been properly dealt with in the books of account.

3. a. In our opinion and according to the information and explanations given to us, The company has not taken Loans from any party during the year from the parties covered in the register maintained u/s 301 of the companies act and No. of parties was-Nil. The outstanding year end balance of such parties during the year was Rs. NIL and maximum outstanding balance during the year was Rs. NIL.

b. In our opinion and according to the information and explanations given to us, the company has not granted loans to any party covered in the register u/s 301 of the Companies Act, 1956.

c. In our opinion and according to the information and explanations given to us, the rates of interest and other terms & conditions on such loans have been taken/granted from Companies, Firms & other listed parties in the register maintained u/s 301 of the Companies Act, 1956 are not prima facie prejudicial to the interest of the company.

d. The Company has not taken unsecured loan from directors.

e. In our opinion and according to the information and explanations given to us. There in no overdue amount of loan taken from Companies. Firms or other parties listed in the register maintained u/s 301 of the companies act, 1956.

4. 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 and fixed assets and for the sale of shares. During the course of our audit, no major weaknesses have been noticed in the internal control system.

5. a. In our opinion and according to the information and explanations given to us, contract and arrangement, transactions that need to be entered as reffered to the Register maintained in pursuance of section 301 of the Companies Act, 1956 have been so entered.

b. In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs. 5 Lacs on more were sold to Aadi Chem Trade Pvt. Ltd. in pursuance of contracts or agreement entered in the register maintained u/s 301 of the Companies Act, 1956. Amounting to Rs.371.64 Lacs, for Sale and Amounting Rs.51.06 Lacs for purchase transaction. Which made at price reasonable having regard to prevailing market price at relevant time

6. In our opinion and according to the information and explanations given to us, the company has not accepted deposit from Directors. Shareholders and Directors relatives only as per section 58(A) and 58(AA) of the Companies Act, 1956 and any other relevent provisions of the act. No order has been passed by the Company Law Board or National Co. Law Tribunal or RBI or any Court or Tribunal.

7. In our opinion, the company has an internal audit system, which is commensurate with the size and nature of its business.

8. As explained to us, that the Central Government has not prescribed the maintenance of cost record by the Company under section 209(l)(d) of the Companies Act, 1956.

9. a. According to the records of the Company, the Company has been regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance. Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities. According to information and explanation given to us, there are no undisputed arrears of statutory dues which have remained outstanding as at 31st March, 2013 for a period of more that six months from the date they became payable.

b. As at 31 st March, 2013 according to the records of the company and the information and explanations given to us, there are no dues on account of Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, and other matters that have not been deposited on account of dispute:

10. The Company have no accumulated losses during the year.

11. According to information and explanations given to us, the Company has enjoying credit facility from HDFC Bank (Vehicle Loan).

12. According the information and explanations given to us the Company has not granted loans and advances on the basis of Security by way of pledge of shares, debentures and other securities.

13. The Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4 (XIII) of the order are not applicable to the Company.

14. In our opinion the company has maintained adequate records of its dealing in Shares, Securities, Debentures and others invetments and properly enteries have been made therein.

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

16. During the financial year the company has not obtained any term loans. Hence clause 4(xvi) and (xvii) of the order relating to utilisation of the said loan is not applicable.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company. We report that the funds raised on short term basis have not been used for long term investment.

18. The Company has not made any preferential allotment of shares during the year to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956.

19. The Company has not issued any debenture during the year.

20. The Company has not made any public issue during the year.

21. 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 Bharat Neema & Co.

Chartered Accountants



Place : Mumbai CA Bharat Neema

Date : 13th May 2013 Proprietor

Membership No. 074810


Mar 31, 2010

We have audited the attached Balance Sheet of SAMYAK International Ltd., Indore as at 31st March 2010 and also the Profit & Loss Account and also the cash flow statment 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.

We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principals used and significant estimates made by manage- ment, as well as evaluating the overall financial statement presentation. We belive that our audit provides a reasonable basis for our opinion.

1. As required by the Companies (Auditors Report) order 2003, (the order) issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we give in annexure hereto, a statement on the on the matters specified in paragraph 4 & 5 of the said order.

2. Further to our comments in the annexure referred to in paragraph(3), above we state 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 accounts as required by the law have been kept by the Company so far as appears from our examination of the books.

c. The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books o f account.

d. In our opinion the Balance Sheet and Profit Account and Cash flow statement dealt with by this report complies with the mandatory Accounting Standards referred to in Section 211(3C)of the Companies Act, 1956.

e. In our opinion and to the best of information and explanations given to us, none of the directors are disqualified as at 31st March 2010, from being appointed as directors in terms of clause (g) of Sub-section (1) of section 274 of the 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 read together with the Accounting policies and notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in confirmative the accounting principals generally accepted in India:

(i) In the case of Balance Sheet of the State of Affairs of the Company as at 31st March 2010, and

(ii) In the case of Profits Loss Account of the Profit of the Company for the year ended 31st March 2010.

(iii) In the case of cash flow statement of the said statement for year ended on that date.



ANNEXURE TO THE AUDITORS REPORT

Annexure to the Auditors Report of SAMYAK international Ltd. for the year ended 31st March, 2010. (Referred to in paragraph (3) thereof)

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

b. As explained to us the Company has a phased program for physical verification of the fixed assets of the company to cover all location. In our opinion, the frequency of verification is reasonable, considering the size of the Company. No serious discrepancies were noticed on such verification as compared with the available records.

c. During the year there is no disposable of substantial part of fixed assets, affecting going concern assumption.

2. a. Inventories have been physically verified by the management during the year. In our opinion. the frequency of verification is reasonable.

b. In our opinion, 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 inventory. The discrepancies noticed on verification between physical stocks and book stocks were not material and the same have been properiy dealt with in the books of account.

3. a. ln our opinion and according to the information a any party during the year from the parties covered in the register maintained u/s 301 of the companies act and No. of parties was-Nil. The outstanding year end balance of such parties during the year was Rs. NIL and maximum outstanding balance during the year was Rs. NIL.

b. In our opinion and according to the information and explanations given to us, the company has not granted loans to any party covered in the register u/s 301 of the Companies Act, 1956.

c. In our opinion and according to the information and explanations given to us, the rates of interest and other terms & conditions on such loans have been taken/granted from Companies, Firms & other listed parties in the register maintained u/s 301 of the Companies Act, 1956 are not prima facie prejudicial to the interest of the company.

d. The Company has taken unsecured loan from directors.

e. In our opinion and according to the information and explanations given to us. There in no overdue amount of loan taken from Companies. Firms or other parties listed in the register maintained u/s 301 of the companies act, 1956.

4. 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 and fixed assets and for the sale of shares. During the course of our audit, no major weaknesses have been noticed in the internal control system.

5. a. In our opinion and according to the infomtation and explanations given to us.contract and arrangement, transactions that need to be entered as reffered to the Register maintained in pursuance of section 301 of the Companies Act, 1956 have been so entered. b In our opinion and according to the information and explanations given to us that goods material services aggregating to Rs 5 Lacs on more were sold to Aadi Chem Trade Pvt. Ltd. in pursuance of contracts register maintained u/s 301 of the Companies Act, 1956. Amounting to Rs. 80.58 Lacs, for Sate and Amounting Rs. NIL Lacs for purchase transaction. 6 In our opinion and according to the information and explanations given to us, the company has not accepted deposit from Directors Shareholders and Directors relatives only as per section 58(A) and 58(AA) of the Companies Act, 1956 and any other relevent provisions of the act. No order has been passed by the Company Law Board or National Co. Law Tribunal or RBI or any Court or Tribunal.

7. In our opinion, the company has an internal audit system, which is commensurate with the size and nature of its business.

8. As explained to us, that the Central Government has not prescribed the maintenance of cost record by the Company under section 209(l)(d) of the Companies Act, 1956.

9. a. According to the records of the Company, the Company has been regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance. Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities. According to information and explanation given to us, there are no undisputed arrears of statutory dues which have remained outstanding as at 31st March, 2010 for a period of more that six months from the date they became payable.

b. As at 31st March, 2010 according to the records of the company and the information and explanations given to us, the following are the particulars of dues on account of Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, and other matters that have not been deposited on account of dispute:

10. The Company have no accumulated losses. The Company has incurred no cash losses during the financial year covered by our audit and immediate preceding the year of audit.

11. According to information and explanations given to us, the Company has enjoing credit facility from HDFC Bank (Vehicle Loan) and Cash Credit Limit from Bank of Baroda.

12. According the information and explanations given to us the Company has not granted loans and advances on the basis of Security by way of pledge of shares, debentures and other securities.

13. The Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions of clause 4 (XIII) of the order are not applicable to the Company.

14. In our opinion the company has maintained adequate records of its dealing in Shares, Securities, Debentures and others invetments and finally enteries have been made therein.

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

16. During the financial year the company has not obtained any term loans. Hence clause 4(xvi) and (xvii) of the order relating to utilisation of the said loan is not applicable.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company. We report that the funds raised on short term basis have not been used for long term investment.

18. The Company has not made any preferential allotment of shares during the year to parties and companies covered in the Register maintained under section 301 of the Companies Act, 1956.

19. The Company has not issued any debenture during the year.

20. The Company has not made any public issue during the year.

21. 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 Bharat Neema & Co.

Chartered Accountants

Place: Indore Bharat Neema

Date: 28th August 2010 Proprietor

Membership No. 074810

 
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