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Auditor Report of Shree Krishna Paper Mills & Industries Ltd.

Mar 31, 2015

We have audited the accompanying financial statements of Shree Krishna Paper Mills & Industries 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.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we 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 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 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.

Emphasis of Matters

We draw attention to Note No. 38 of the financial statements which describes the preparation of financial statements on going concern assumption despite of erosion of net worth. Our opinion is not modified in respect of this matter.

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 paragraphs 3 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 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 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.

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 which were required to be transferred to the Investor Education and Protection Fund by the Company.

ANNEXURE TO INDEPENDENT AUDITORS' REPORT

(Referred to in Paragraph 1 under the heading "Report on Other Legal and Regulatory Requirements" of our Report of even date)

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

(b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification.

(ii) (a) The inventories (except goods in transit) have been physically verified by the Management during the year. In our opinion, the frequency of such verification is reasonable.

(b) The procedures for 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) The Company is maintaining proper records of inventory and no material discrepancies were noticed on such physical verification.

(iii) The Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 189 of the Act. Accordingly, the sub-clauses (a) and (b) are not applicable to the Company.

(iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business with regard to purchase of inventories and fixed assets and with regard to the sale of goods and services. We have not observed any major weakness in the internal control system during the course of the audit.

(v) The Company has not accepted any deposits in term of directives issued by Reserve Bank of India and the provisions of Section 73 to 76 or any other relevant provisions of the Act and the rules framed there under.

(vi) We have broadly reviewed the books of account maintained by the Company prescribed by the Central Government for the maintenance of cost records under section 148 (1) of the Act and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the records.

(vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, undisputed statutory dues including provident fund, employees' state insurance, income tax, sales tax, wealth tax, service tax, duty of customs, duty of excise, value added tax, cess and other material statutory dues have generally been regularly deposited by the Company with the appropriate authorities. According to information and explanations given to us, no undisputed amounts payable in respect of aforesaid dues were outstanding as on March 31,2015 for a period more than six months from the date the same became payable.

(b) According to the information and explanations given to us, there are no dues of income tax, sales tax, wealth tax, service tax, duty of customs, duty of excise, value added tax and cess which have not been deposited with the appropriate authorities on account of any dispute other than those as mentioned below:

Nature Nature Amount Period to Forum where of the of dues (Rs. in Lacs) which the dispute is Statute amount pending relates

Custom Custom 228.14 2002-2003 Hon'ble High Act, 1962 Duty Court, Jaipur

Central Excise 3.00 November, Hon'ble Excise Duty 2006 to CESTAT, New Act, 1944 July, 2007 Delhi

Central Excise 19.22 02-03-2004 Hon'ble Excise Duty to CESTAT, New Act, 1944 13-04-2007 Delhi

Central Service 0.32 2006-2008 Hon'ble Excise Tax CESTAT, New Act, 1944 Delhi

Pollution Water 6.70 01-06-2007 Cess Appellate Control Cess to Committee Board 31-03-2013

Central Excise 4042.96 19-01-2004 Commissioner Excise Duty to (Excise) Act, 1944 30-09-2014

LADT Sales 259.98 Various Hon'ble -Haryana Tax years Supreme Court

(c) According to the information and explanation given to us and on the basis of our examination of the records , the Company does not have any amount required 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 Company has accumulated losses as per books of account at the end of the financial year which is more than 50% of its net worth. The Company has not incurred cash losses during the current financial year 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 repayment of dues to its banks. The Company did not have any outstanding dues to any financial institutions or debentures holders during the year.

(x) As per the information and explanations given to us, the company has not given any guarantee for loans taken by others from any bank or financial institutions.

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

(xii) Based upon the audit procedures performed and

according to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year under audit.

For Singal Bros. & Associates Chartered Accountants Firm Registration No. 002031N

(CA Viresh Kumar) Partner Membership No : 509768

New Delhi Date : May 30, 2015




Mar 31, 2014

We have audited the accompanying financial statements of Shree Krishna Paper Mills & Industries Limited ("the Company"), which comprise the Balance Sheet as at March 31, 2014, the Statement of Profit and Loss and Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

The Company''s 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 principles generally accepted in India including Accounting Standards notified under the Companies Act, 1956 (the "Act") read with the General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors'' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company''s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements.

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

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

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

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

Emphasis of matter

We draw attention to Note No. 38 of the financial statements which describes the preparation of financial statements on going concern assumption despite of erosion of net worth. Our opinion is not qualified in respect of this matter.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor''s Report) Order, 2003 ("the Order") issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

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, 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 Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement comply with the Accounting Standards notified under 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;

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 Section 274(1) (g) of the Act.

ANNEXURE TO INDEPENDENT AUDITORS'' REPORT (Referred to in Paragraph 1 under the heading of "Report on Other Legal and Regulatory Requirements" 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 fixed assets.

b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanations given to us, no material discrepancies were noticed on such verification.

c) The Company has not disposed off a substantial part of its fixed assets during the year and hence, the going concern status of the Company is not affected.

(ii) In respect of its inventories:

a) As explained to us, the inventories (except goods in transit) have been physically verified by the Management during the year. In our opinion, the frequency of such verification is reasonable.

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

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

(iii) In respect of the loans, secured or unsecured, granted or taken by the Company to/from companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act,1956:

a) As informed to us, the Company has not granted any loan, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4 (iii) (b) to (d) of the Order are not applicable.

b) The Company has taken unsecured loans from two companies covered in the register maintained under Section 301 of the Companies Act, 1956. The maximum amount involved during the year is Rs.117.55 lacs and year end balance of loans taken from such parties is Rs.117.55 lacs.

c) In our opinion and according to the information and explanation given to us ,the rate of interest and other terms and conditions on which such loans have been taken are not prima facie prejudicial to the interest of the Company.

d) The Company is regular in payment of interest and principal, as stipulated.

(iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weakness in such internal control system.

(v) In respect of the contracts or arrangements referred to in Section 301 of the Companies Act,1956:

a) In our opinion and according to the information and explanations given to us, during the year, there were 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 made in pursuance of such contracts or arrangements exceeding the value of Rs.5.00 lacs in respect of any party during the year.

(vi) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from the public of the nature which attracts the provisions of section 58A, 58AA or any other relevant provisions of the Companies Act,1956 and the rules made thereunder. Therefore, the provisions of clause 4 (vi) of the said Order are not applicable to the Company.

(vii) In our opinion, the Company has an internal audit system commensurate with the size and the nature of its business.

(viii) We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. We have, however, not made a detailed examination of the records with a view to determine whether they are accurate or complete.

(ix) In respect of statutory dues:

a) According to the records of the Company, the Company has generally 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, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authorities to the extent applicable. According to the information and explanations given to us, no undisputed amounts payable in respect of the aforesaid dues were outstanding as at March 31, 2014 for a period of more than six months from the date they becoming payable.

b) According to the information and explanations given to us, the dues outstanding in respect of Income Tax, Sales Tax, Service Tax, Custom Duty, Wealth Tax, Excise Duty and Cess on account of any dispute aggregating Rs.4485.88 lacs, are as follows:

Nature Nature Amount Period to Forum where of the of dues (Rs. in which the dispute is Statute Lacs) amount pending relates

Custom Custom 228.14 2002-2003 Hon''ble High Act, 1962 Duty Court, Jaipur

Central Excise 3.00 November, Hon''ble Excise Duty 2006 to CESTAT, New Act, 1944 July. 2007 Delhi

Central Excise 19.22 02-03- Hon''ble Excise Duty 2004 to CESTAT, New Act, 1944 13-04-2007 Delhi

Central Service 0.32 2006-2008 Hon''ble Excise Tax CESTAT, New Act, 1944 Delhi

Pollution Water 6.70 01-06- Cess Control Cess 2007 to Appellate Board 31-03-2013 Committee

Central Excise 3980.37 19-01- Commissioner Excise Duty 2004 to (Excise) Act, 1944 30-11-2013

LADT - Sales 248.13 Various Hon''ble Haryana Tax years Supreme Court

(x) The Company has accumulated losses as per books of account at the end of the financial year which is more than 50% of its net worth. The Company has not incurred cash losses during the current financial year and in the immediately preceding financial year.

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

(xii) In our opinion and according to the information and explanations given to us, no loans and advances have been granted by the Company on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund/ society. Therefore, the provisions of clause 4 (xiii) of the said Order are not applicable to the Company.

(xiv) In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities, debentures and other investments. Therefore, the provisions of clause 4 (xiv) of the said Order are not applicable to the Company.

(xv) In our opinion and according to the information and explanations given to us, the Company has not given any guarantee for loan taken by others from banks or financial institutions.

(xvi) 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 purpose for which they were obtained.

(xvii) According to the information and explanations given to us and on an overall examination of the Balance Sheet of the Company, we are of the opinion that the funds raised on short-term basis have not been used for long term investment.

(xviii) 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.

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

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

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

For Singal Bros. & Associates Chartered Accountants

Firm Registration No. 002031N

(CA Subhash Gupta)

Partner

Membership No. 095387

New Delhi

Date : May 29, 2014


Mar 31, 2013

Report on the Financial Statements

We have audited the accompanying financial statements of Shree Krishna Paper Mills & Industries Limited ("the Company"), which comprise the Balance Sheet as at March 31, 2013, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information.

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 principles generally accepted in India including Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 ("the Act"). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor''s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

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

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

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2013;

(b) In the case of the Statement of Profit and Loss, of the loss 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.

Emphasis of matter

We draw attention to Note no. 2.38 of the financial statements which describes the preparation of financial statements on going concern assumption despite of erosion of net worth. Our opinion is not qualified in respect of this matter.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor''s Report) Order, 2003 ("the Order") issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

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, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books of accounts;

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

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

f. Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the manner in which such cess is to be paid, no cess is due and payable by the Company.

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

(b) The fixed Assets have been physically verified by the management during the year based on a phased programme of verification which in our opinion is reasonable having regard to the size of the Company and nature of its business. No material discrepancies were noticed on such physical verification.

(c) The Company has not disposed off a substantial part of its fixed assets during the year and the going concern status of the Company is not affected.

(ii) (a) As per the information and explanations given to us, the inventories (except goods in transit) has been physically verified by the management during the current year. In our opinion, the frequency of such verification is reasonable.

(b) As per the information and explanations given to us, the procedures for the 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) As per the information and explanations given to us, the Company is maintaining proper records of inventories. Discrepancies identified on physical verification of inventories as compared to book records were not material and have been properly dealt with in the books of account.

(iii) (a) As informed to us, the Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4 (iii) (b) to (d) of the Order are not applicable.

(b) The Company has taken unsecured loans from two Companies covered in the register maintained under Section 301 of the Companies Act, 1956. The maximum amount involved during the year is Rs.117.55 lacs and year end balance of loans taken from such parties is Rs.117.55 lacs.

(c) In our opinion, the rate of interest and other terms and conditions on which such loans have been taken are not prima facie prejudicial to the interest of the Company.

(d) The Company is regular in payment of interest and principal, as stipulated.

(iv) In our opinion and according to the information and explanations given to us, there is adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system.

(v) (a) In our opinion and according to the information and explanations given to us, we are of the opinion that the particulars of contracts or arrangements that need to be entered into the register maintained under 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, the transactions made in pursuance of such contracts or arrangements have been entered into the register maintained under section 301 of the Companies Act, 1956 in respect of each party during the year have been made at prices which are reasonable having regard to the prevailing market price at the relevant time except in cases where comparison could not be made in the absence of similar transactions with other parties.

(vi) As per the information and explanations given to us, the Company has not accepted any deposits from the public of the nature which attracts the provisions of section 58A, 58AA or any other relevant provisions of the Companies Act,1956 and the rules made thereunder. Therefore the provisions of clause 4 (vi) of the said Order are not applicable to the Company.

(vii) In our opinion, the internal audit system of the Company is commensurate with the size and the nature of its business.

(viii) We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 in respect of paper industries and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the records with a view to determine whether they are accurate or complete.

(ix) (a) According to the records of the Company, 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, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authorities to the extent applicable and there are no undisputed statutory dues payable for a period of more than six months from the date they becoming payable as at March 31,2013.

(b) According to the records of the Company, the dues outstanding in respect of Income Tax, Sales Tax, Service Tax, Custom Duty, Wealth Tax, Excise Duty and Cess on account of any dispute aggregating Rs.4352.14 lacs, are as follows:

(Rs. in Lacs)

Nature of the Nature Amount Period to Forum where Statute of dues which the dispute is amount relates pending

Custom Act, Custom 228.14 2002-2003 Hon''ble High 1962 Duty Court, Jaipur.

Central Excise Excise 3.00 November, 2006 Hon''ble CESTAT, Act, 1944 Duty to July. 2007 New Delhi

Central Excise Excise 19.22 02-03-2004 to Hon''ble CESTAT, Act, 1944 Duty 13-04-2007 New Delhi

Central Excise Excise 0.27 September, 2007 Hon''ble CESTAT, Act, 1944 Duty to March, 2008 New Delhi

Central Excise Service 0.32 2006-2008 Hon''ble CESTAT, Act, 1944 Tax New Delhi

Pollution Water 5.08 01-06-2007 to Cess Appellate Control Board Cess 31-03-2012 Committee

Central Excise Service 7.16 10-09-2004 to Jt. Commissioner Act, 1944 Tax 31-03-2007 (Excise)

Central Excise Excise 3819.94 19-01-2004 to Commissioner Act, 1944 Duty 31-03-2012 (Excise)

LADT Sales 234.86 Various years Hon''ble Supreme -Haryana Tax Court

Custom Custom 21.83 08-07-2011 to Commissioner Act ,1962 Duty 27-07-2011 (Appeal), Jaipur

Central Excise Service 12.32 2009-10 & Commissioner Act, 1944 Tax 2010-2011 Appeal (Excise) (Upto Nov,2010)



(x) The Company has accumulated losses as per books of account at the end of the financial year which is more than 50% of its net worth. The Company has not incurred cash losses during the current financial year and in the immediately preceding financial year.

(xi) As per books and records maintained by the Company and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to banks, financial institutions and debenture holders.

(xii) According to the information and explanations given to us, the Company has not granted loan and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund or a Nidhi / mutual benefit fund/ society. Therefore, the provisions of clause 4 (xiii) of the said Order are not applicable to the Company.

(xiv) In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Therefore, the provisions of clause 4 (xiv) of the said Order are not applicable to the Company.

(xv) According to the information and explanations given to us, the Company has not given any guarantee for loan taken by others from banks or financial institutions.

(xvi) According to the information and explanations given to us, the Company has raised new term loans during the year and has utilized the term loans during the year for the purpose for which they were raised.

(xvii) According to the information and explanations given to us and on an overall examination of the Balance Sheet of the Company, we are of the opinion that the funds raised on short-term basis have not been used for long term investment.

(xviii) 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.

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

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

(xxi) In our opinion and according to the information and explanations given to us by the management which have been relied upon by us, no fraud on or by the Company has been noticed or reported during the year.



For Singal Bros. & Associates

Chartered Accountants

Firm''s Registration Number 02031N



(CA Subhash Gupta)

New Delhi Partner

Date : May 30, 2013 Membership No. 095387


Mar 31, 2012

1. We have audited the attached Balance Sheet of Shree Krishna Paper Mills & Industries Limited as at March 31, 2012, the statement of Profit and Loss and the Cash Flow Statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. 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 for our opinion.

3. As required by the Companies (Auditor's Report) Order, 2003 (as amended) (The Order) issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956 ('The Act'), we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Attention is drawn to the following:- Deferred tax assets amounting to Rs. 626.48 lacs upto 31.03.2011 have been recognized in the accounts on the basis of future income projections made by the management, as in the opinion of the management, there is a virtual certainty that sufficient taxable income would be available in future to adjust such deferred tax assets. We are unable to offer our comments on such projections and creation of deferred tax assets and consequent impact thereof, if any. During the current year, deferred tax assets have been recognized only to the extent of deferred tax liability.

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

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

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books;

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

(d) In our opinion, the Balance Sheet, Statement of Profit & Loss and Cash Flow Statement dealt with by this report comply with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956 except otherwise stated in para 4 above;

(e) On the basis of written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2012 from being appointed as a Director under 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 Significant Accounting Policies and notes thereon and subject to our observations as mentioned in para 4 above regarding deferred tax assets, give the information required by the Companies Act, 1956 in the manner so required and present 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 affairs of the Company as at March 31, 2012

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

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

ANNEXURE TO THE AUDITORS' REPORT (Referred to in Paragraph 3 of our Report of even date)

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

(b) The fixed Assets have been physically verified by the management during the year based on a phased programme of verification which in our opinion is reasonable having regard to the size of the Company and nature of its business. No material discrepancies were noticed on such physical verification.

(c) The Company has not disposed off a substantial part of its fixed assets during the year and the going concern status of the Company is not affected.

(ii) (a) As per the information and explanations given to us, the inventory (except goods in transit) has been physically verified by the management during the current year. In our opinion, the frequency of such verification is reasonable.

(b) As per the information and explanations given to us, the procedures for the 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) As per the information and explanations given to us, the Company is maintaining proper records of inventory. Discrepancies identified on physical verification of inventories as compared to book records were not material and have been properly dealt with in the books of account.

(iii) (a) As informed to us, the Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4 (iii) (b) to (d) of the Order are not applicable.

(b) The Company has taken unsecured loans from two Companies covered in the register maintained under Section 301 of the Companies Act, 1956. The maximum amount involved during the year is Rs. 111.67 lacs and year end balance of loans taken from such parties is Rs. 111.67 lacs.

(c) In our opinion, the rate of interest and other terms and conditions on which such loans have been taken are not prima facie prejudicial to the interest of the Company.

(d) The Company is regular in payment of interest, as stipulated and no amount of principal loans were repayable during the year.

(iv) In our opinion and according to the information and explanations given to us, there is adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system.

(v) (a) In our opinion and according to the information and explanations given to us, we are of the opinion that the particulars of contracts or arrangement that need to be entered into the register maintained under 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, the transactions made in pursuance of such contracts or arrangements have been entered into the register maintained under section 301 of the Companies Act, 1956 in respect of each party during the year have been made at prices which are reasonable having regard to the prevailing market price at the relevant time except in cases where comparison could not be made in the absence of similar transactions with other parties.

(vi) As per the information and explanations given to us, the Company has not accepted any deposits from the public of the nature which attracts the provisions of section 58A, 58AA or any other relevant provisions of the Companies Act 1956, and the rules made there under. Therefore the provisions of clause 4 (vi) of the said Order are not applicable to the Company.

(vii) In our opinion, the internal audit system of the Company is commensurate with the size and the nature of its business.

(viii) We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 in respect of paper industries and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the records with a view to determine whether they are accurate or complete.

(ix) (a) According to the records of the Company, 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, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authorities to the extent applicable and there are no undisputed statutory dues payable for a period of more than six months from the date they becoming payable as at 31st March, 2012. (b) According to the records of the Company, the dues outstanding in respect of Income Tax, Sales Tax, Service Tax, Custom Duty, Wealth Tax, Excise Duty and Cess on account of any dispute, are as follows:-

(Rs. in Lacs)

Nature Nature of Amount Period to which Forum where of the dues the amount dispute is Statute relates pending

Custom Custom 228.14 2002-2003 Hon'ble High Act, 1962 Duty Court, Jaipur.

Central Excise Duty 6.00 November, 2006 to Hon'ble CESTAT, Excise Act, July. 2007 New Delhi 1944

Central Excise Duty 38.44 02-03-2004 to Hon'ble CESTAT, Excise Act, 13-04-2007 New Delhi 1944

Central Excise Duty 6.64 September, 2007 to Hon'ble CESTAT, Excise Act, March, 2008 New Delhi 1944

Central Service Tax 0.65 2006-2008 Hon'ble CESTAT, Excise Act, New Delhi 1944

Pollution Water Cess 4.92 01-06-2007 to 31- Cess Appellate Control 12-2011 Committee Board

Central Service Tax 7.16 10-09-2004 to 31- Jt.Commissioner Excise Act, 03-2007 (Excise) 1944

Central Excise Duty 3634.74 19-01-2004 to 31- Commissioner Excise Act, 03-2011 (Excise) 1944

LADT Sales Tax 213.83 Various years Hon'ble Supreme -Haryana Court

Custom Custom 21.83 08-07-2011 to 27- Additional Act ,1962 Duty 07-2011 Commissioner (Custom), Jaipur

Central Service Tax 12.32 2009-10 & 2010- Commissioner Excise Act, 2011 Appeal (Excise) 1944

(x) The Company has accumulated losses as per books of account at the end of the financial year which is more than 50% of its net worth. Reference is further drawn to Note No. 2.37 of Notes to financial statments regarding recognition of deferred tax assets impact whereof is not ascertainable at this stage. The Company has not incurred cash losses during the current financial year but incurred cash losses in the immediately preceding financial year.

(xi) As per books and records maintained by the Company and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to banks, financial institutions and debenture holders.

(xii) According to the information and explanations given to us, the Company has not granted loan and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund or a Nidhi / mutual benefit fund/ society. Therefore the provisions of clause 4 (xiii) of the said Order are not applicable to the Company.

(xiv) In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Therefore the provisions of clause 4 (xiv) of the said Order are not applicable to the Company.

(xv) According to the information and explanations given to us, the Company has not given any guarantee for loan taken by others from banks or financial institutions.

(xvi) According to the information and explanations given to us, the Company has utilized the term loans during the year for the purpose for which they were raised.

(xvii) According to the information and explanations given to us and on an overall examination of the Balance Sheet of the Company, we are of the opinion that the funds raised on short- term basis have not been used for long term investment.

(xviii) The Company has not made any preferential allotment of shares during the year to any parties or companies covered in the register maintained under Section 301 of the Companies Act, 1956.

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

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

(xxi) In our opinion and according to the information and explanations given to us by the management which have been relied upon by us, no fraud on or by the Company has been noticed or reported during the year.

For Singal Brothers & Associates

(Firm Regn. No. 002031N) Chartered Accountants

August 13, 2012 (Subhash Gupta)

New Delhi Partner

Membership No. 095387


Mar 31, 2010

1. We have audired the attached Balance Sheet of Shree Krishna Paper Mills & Industries Limited as at 31st Match 2010, the Profit and Loss Account and the Cosh Flow Statement tor 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 oor audit,

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that wo plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a lest 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 for our opinion,

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

4. Attention is drawn to the following:

Deferred Tax Assets amounting to Rs 17959 thousands for the year and Rs 44,057 thousands upto 31.03 2010 have been recognized in the accounts on the basis ot future income projertons made by the management as inn the opinion of the management, there is a virtual certainly that sufficient taxble income would be .avalilable in future to adjust such deferred tax assert We are unable to offer our comments on such projections and creation or deferred fax assets and consequent impact thereof, if any. (refer note No.2 of Schedule-19 5. Further to our comments in the Annexure referred to in paragraph i above, we report that:

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

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books,

(c) the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agrement with the books of account;

(d) In our opinion, the Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report comply with the Accounting Standards. referred to in Section 21100 of the Companies Act, 1956 except otherwise stated in para 4-above;

(e) On the basis of written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2010 from being appointed as a Director under clause (g) of sub-section (1) of Section 274 of the Companies An, 1050;

(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 Significant Accounting Policies ami notes thereon and subjed to our observations as mentioned in par a 4 above regarding deferred tax assets, give the information required by the Companies Act. 1956 in the manner required and present a lnue and tair view in comformity with the accounting principles generally accepted in India;-

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

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

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

ANNEXURE TO THE AUDITORS REPORT

(Referred to in Paragraph 3 of our Report on even date)

(i) (a) The Company has maintained peoper records showing full particulars including cpantitative details and situation of fixed assets.

(b) The fixed Assets have been physically verified by the management during the year based on a phased programme of verfication which in our opinion is reasonable: having repaid to the size of the Company and nature of its business No material discrepancies were noticed on such physical verification

(c) The Company has not disposed off a substantial part of its fixed assets during the year and the going concern status of the Company is not affected.

(ii) (a) As per the information and explanations given to us, the inventory (except goods in transit) has been physically verified by the management during the current year. In our opinion, the frequency of such verification is reasonable.

(b) As. per the information and explanations given to us,the procedures for the 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) As per the information and explanations given to us, the Company is maintaining proper records of inventory. Discrepancies identfied on physical verification of inventories as Compared to book records were net material and have been propedy deak with in the books of account.

(iii) (a) As informed to us, the Company has not

granted any loans, secured or unsecured to companies, firms or other parties covered in the- register maintained under Section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4 (iii) (b) to (d) of the Order are not applicable. (b) The Company has taken unsecured loans from two Companies covered in the register maintained underSection 301 of the Companies Act, 1956. The maximum amount involved during the year is Rs. 10,194 thousands and year end balance of bans taken from such parties is Rs. 10. 194 thousands.

(c) In our opinion, the rate of inrerest and other terms and Conditors on which such loam have been taken are not prima facir prejudicial to the interest of the Company,

(d).- The Company is regular in payment of interest, as slipulated and the principal amount is repayable on.demand. (iv) In out opinion and accounting to the information and explanations given to us, there is adequate internal control system commensurate with the size of the Company and the nature ot its business for the port have of inventory and fixed assets and for the sale or goods and services. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system

(v) (a) In our opinion and and ording to the information and explanations given to us, we are of the opinion that the particulars of contracts or arrangement thai need to he entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered. (b) In our opinion amd according to the information and explanations given to us. the transactions made m pursuance of such contracts or arrangements have been entered into the register maintained under section 301 of the Companies Act, 1956 respect of each pany during the year have been made at prices which aee reasonable having regard to the prevaling market price at the relevant time except in castas where companson could not be made in the absence of similar transactions with other parties.

(vi) As per the informatopm and explanations given to us, the Company has not arcepred any deposits ftom the public of the nature which attracts the provisions of section 58A, 58AA or any other relevant pfovitwwmsof the Companies Act 1956 and the rules made there under. Therefore the provisions of clause 4 (vi) of the said Order are not applicable to the Company.

(vii) In our opinion, the internal audit system of the Company is commensurate with the size and the nature of its business.

(viii) We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Govenment . for maintenance of cost records under section 209l(l)(d) of the Companies Act, 1956 in respect of paper industnies and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have made delated examination of the records with a view to determine whether they are acrurate or complete.

(ix) (a) Attending to the records or the Company, the Company is generally regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Prorection fund. Employees State Insurance, income-Tix, Sales-tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other statutory dues with the appropriate authorities to the extent applicable and there are no undisputed statutory dues payable tor a period of more than six months from the date they lbecoming payable as at 31st March, 2010.

(b) According to the records of the Company, the dues outstanding in respect of Income Tax, Sales Tax, Service Tax, Custom Duty, Wealth lax, Excise Duly and Cess on account any dispute, are as follows:

x) The Company has accumulated tosses as per books of account end of the financial year which is more than 50% of its net worth Reference is further drawn to Note No. 2 of Schedule 19 regarding recognition of Deferred fax Assets impact whereof is not asceratinable at this stage. The Company has incurred cash losses during the current financial year has not incurred cash losses in the immediately preceding financial year.

(xi) As per books and records maintained by the Company and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to hanks, financial institution* and delienlure holders as the rescheduling of the terms and conditions of loans has been approved by the Bankers in terms or LOA No, CDRLABPINO. 605/2009-10 dated 17.08.2009 lssued by the CDR,.(xii) According to the information and explanations given to us, the Company has not granted loan and advances on the basis of security by way of pledge of shares, deventures and other sec unties.

(xiii) In our ipinion, the Company is not a chit fund or a Nidhi / mutual benefit fund/sicuety. Therefore the procisions of clause 4 (xiii) of the said Order are not applicable to the Company..

(xiv) In our opinion, the Company is not dealing in or trading in shares, securities, detienturcs and other investments. Therefore the provisions of clause 4 (xiv) of the said Order are not applicable to the Company.

(xv) According to the information and explanations given to us, the Company has not given any guarantee for loan taken by others from banks or financial institutions.

(xvi) According to the information and explanations given to us the Company has. utilzed the term loans during the year for the purpose tor which they were raised.

(xvii) According to the information and explanations, given to us and an an overall examination of the Balance Sheet of the Comapny, we are of the opinion that the funds ralsed on short-term basis have, prima facie, not been used for long term investment.

(xviii) The Company has not made any preferntial allotmen of shares during the year to any parties or companies covered in the register maintained under Section 301 of the Companies Act 1956.

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

(xx) The Company has not raised any money by way of public, issue during the year

(xxi) in out opinion and according to the information and explanations given to us by the management which have been relied upon by us, no fraud on or by the Company has been noticed or reported during the year.

For sinal Bros. & Associates. For A. C. Bhutcria & Co.

Chartered Accountants Chartered Accounts

(Firm Regn No. 002031N) (Firrn Regn. No, 3031050

(Jayant Raheja) (Mohit Shtrteria)

Parmer Partner

Membership Ho, 509487 Membership No, 56832

New Delhi Kolkata

14th August, 2010 16th August, 2010

 
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