Auditor Report of Flomic Global Logistics Ltd.

Mar 31, 2014

1. We have audited the attached Balance Sheet of VINADITYA TRADING COMPANY LIMITED as at 31st March, 2014, the Statement of Profit and Loss and also the Cash Flow Statement of the Company for the year ended on that date. 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 assurances 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 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 by the Companies (Auditor''s Report) (Amendment) Order, 2004 (hereinafter referred to as ''the Order'') issued by the Central Government in terms of Section 227(4A) of the Companies Act, 1956, we annex hereto a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Further to our comments in the Annexure referred to above, we report that:

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

b) In our opinion proper books of accounts as required by law, have been kept by the company so far as appears from our examination of the books.

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

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

e) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read with the notes thereon, give the information required by the Companies Act, 1956 in the manner so required, and give a true and fair view in conformity with the accounting principles generally accepted in India:

i. In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2014;

ii. In the case of the 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 flow for the year ended on that date;

5. On the basis of the written representations received from the Directors as on March 31, 2014, and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on March 31, 2014, from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

ANNEXURE TO THE AUDITORS'' REPORT Referred to in paragraph 3 of our report of even date on the accounts for the year ended 31st March, 2014 of VINADITYA TRADING COMPANY LIMITED

On the basis of such checks as we considered appropriate and in terms of information and explanations provided to us we state that:

1. (a) The Company does not have any fixed assets and therefore sub clause (b) & (c) is not applicable to the company.

2.

a) The inventory of shares has been physically verified by the management at the end of the year.

b) In our opinion and according to the Information and explanations given to us, the procedure of physical verification of inventory (shares) followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business.

c) The company is maintaining proper record of inventory. There were no discrepancy between physical stock and book records.

3. (a) The company has neither granted nor taken during the year any loans, secured or unsecured, from companies, firms or other parties listed in the register maintained under Section 301 of the Act and accordingly, paragraphs 4 (iii) (b) (c) and (d) of the Order are not applicable

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 shares, mutual funds etc. During the course of audit, no major weakness has been notices in the internal controls.

5. a) In our opinion and according to the information and explanations provided by the company, we are of the opinion that the company has not entered into any transactions that need to be entered into the register maintained u/s 301 of the Companies Act 1956.

(b) In our opinion and according to the information and explanations, the company has not made any transactions pursuant to contract or arrangements entered in the register maintained under section 301 of the Companies Act, 1956 for the value exceeding Rs. 5 Lacs in respect of any party during the year.

6. In our opinion and according to the information and explanations provided by the company, the Company has not accepted any deposits from Public and therefore the provisions of Sec. 58A and 58AA of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules 1975 are not applicable.

7. In our opinion and according to the information and explanations given to us, the provision relating to the internal audit is not applicable to the Company.

8. The Central Government has not prescribed maintenance of cost records by the company under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956.

9. a) According to the information and explanations provided by the company, the company has been generally regular in depositing with appropriate authorities, undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees'' State Insurance, Income Tax, Wealth Tax, Custom Duty, Cess ,Service Tax and any other statutory dues applicable to it and no undisputed amount payable in respect of Income tax, Wealth tax, Sales tax, Customs Duty, Excise duty and Cess were in arrears , as at 31st March, 2014 for a period of more than six months from the date they became payable.

(b) In our opinion and according to the information and explanations provided by the company, there are no dues outstanding in respect of Income Tax, Wealth Tax, Sales Tax, Custom Duty, Excise Duty, and Cess which have not been deposited on account of any dispute.

10. The company has no accumulated losses as at 31st March 2014 and the company has not incurred cash loss in the financial year covered by our audit and in the preceding financial year.

11. In our opinion and according to the information and explanations given to us, the company has not taken any loan from Bank or financial institution and has not issued debentures till date. Therefore, the question of defaulting in repayment does not arise.

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

13. In our opinion and according to the information and explanations given to us, the company is not a chit fund or a nidhi / mutual benefit Fund / society. Therefore the provisions of clause 4(xiii) of the Companies (Auditors Report) Order, 2003 are not applicable to the company.

14. In our opinion and according to the information and explanations given to us, the company has maintained proper records of transactions and contract in respect of trading in shares, debentures and other securities and timely entries have been made therein. The investments are held in the name of the Company.

15. In our opinion and according to the information and explanations given to us, the company has not given any guarantees for loans taken by others from banks or other financial institutions.

16. The Company has not taken any term loan.

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 no funds raised on short term basis have been used for long term investment.

18. According to the information and explanations given to us, the company has not allotted any preferential shares to companies, firms or other parties covered in the register maintained u/s 301 of the Companies Act 1956.

19. The company has not issued any debentures during the year.

20. The company has not raised any money by public issue of any securities 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 S A R A & ASSOCIATES CHARTERED ACCOUNTANTS Firm Reg. No. 120927W

Govind Gopal Sharma (PARTNER) M.No. 132454

Place : Mumbai Date : 28 May 2014

---

Mar 31, 2012

1 We have audited the attached Balance Sheet of Vinaditya Trading Company Limited as at 31st March 2012 and the Profit & Loss Account for the year ended on that date annexed thereto.

2 We conducted our audit in accordance with the auditing standards generally accepted in India Those standards required 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 (Auditors' Report) Order 2003 as amended by the Companies (Auditors' Report) (Amendment) Order 2004 (hereinafter referred to as "the Order") issued bv the Central Government of India in terms of Section 227 (4A) ot the Companies Act, "l956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Further to our comments in the Annexure referred to above, we report that:

i) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit;

ii) In our opinion, the Company has kept proper books of account as required by law so far as appears from our examination of the books

ui) The Balance Sheet and the Profit & Loss Account dealt with by this report are in agreement with the books of account.

iv) In our opinion, the Balance Sheet, the Profit & Loss Account and the Cash Flow Statement dealt with by this report comply with the Accounting Standards referred to in Section (3C) of Section 211 of the Companies Act,

v) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read with notes thereon give the fnlnSion fequired by the Companies Act, 1956, m the manner so required, and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2012. and

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

(c) the case of the Cash Flow Statement, of the Cash Flow for the year ended on that date;

5 On the basis of written representations received from the Directors or 31st March 2012 and taken on record by the Board of Directors, we report that none of the Diritors i disqualified as on 31st March 2012 from being appointed as * Director in 2SRs.5a2Sof Sub-Section (1) of Section 274 of the Companies Act, 1956.

Annexure to the Auditors' Report

Referred to in Paragraph 3 of our report of even date on the accounts of Vinaditya Trading Company Limited for the year ended 31st March 2012.

1. The Company does not own any Fixed Assets.

2. The Clauses (i), (ii), (iii), (iv), (v), (vi), (xii), (xiii), (xv), (xvi), (xvii), (xviii), (xix), (xx) and (xxi) are not applicable to the Company during the year.

3. The Company has not taken loans; secured or unsecured from Companies, Firms or other Parties listed in the Register maintained under Section 301 of the Companies Act, 1956.

4. The Company has granted loans and advances in the nature of the loans to a Company and the same is interest- and mere are no stipulations as to its repayment.

5. 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.

6. The Company has not purchased during the year Stores, Raw Materials and Finished Goods exceeding Rs. 5 lacs in value from the firm or companies or other parties in which me Directors are interested.

7. The Company's Paid-up Capital is less than Rs.50 lacs and the Turnover is less tfian Rs.5 crores as envisaged in Clause (xv) of me Order under Report, me provisions as regards to Internal Audit are not attracted.

8. The Central Government has not prescribed maintenance of cost records under Section 209(lXd) of the Companies Act, 1956.

9. There was no employee during the year entitled to Provident Fund or ESIS.

10. According to the information given to us, mere are no disputed amounts payable in respect of Income Tax, Sales Tax, Wealth Tax, Customs Duty and Excise Duty and remaining outstanding on die last day of me Financial Year.

11. The investments in Shares and Units of Mutual Funds have been properly recorded.

Membership No.14613

Mumbai, Dated 07th September, 2012

---

Mar 31, 2010

1. We have audited the attached Balance Sheet of Vinaditya Trading Company Limited as at 31st March 2010 and the Profit & Loss Account for the year ended on that date annexed thereto.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards required 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 (Auditors Report) Order 2003 as amended by the Companies (Auditors Report) (Amendment) Order 2004 (hereinafter referred to as "the Order") issued by the Central Government of India in terms of Section 227(4 A) of the Companies Act, 1956, we enclose in the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Further to our comments in the Annexure referred to above, we report that:

i) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit;

ii) In our opinion, the Company has kept proper books of account as required by law so far as appears from our examination of the books.

iii) The Balance Sheet and the Profit & Loss Account dealt with by this report are in agreement with the books of account.

iv) In our opinion, the Balance Sheet, the Profit & Loss Account and the Cash Flow Statement dealt with by this report comply with the Accounting Standards referred to in Section (3C) of Section 211 of the Companies Act, 1956

v) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read with notes thereon give the information required by the Companies Act, 1956, in the manner so required, and give a true and fair view in conformity with the accounting principles generally accepted in India: *

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March 2010; and

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

(c) in the case of the Cash Flow Statement, of the Cash Flow for the year ended on that date;

5. On the basis of written representations received from the Directors as on 31st March 2010 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 in terms of Clause (g) of Sub-Section (1) of Section 274 of the Companies Act, 1956.



Annexure to the Auditors Report



Referred to in Paragraph 3 of our report of even date on the accounts of Vinaditya Trading Company Limited for the year ended 31st March 2010.

1. The Company does not own any Fixed Assets.

2. The Clauses (i), (ii), (iii), (iv), (v), (vi), (xii), (xiii), (xv), (xvi), (xvii), (xviii), (xix), (xx) and (xxi) are not applicable to the Company during the year.

3. The Company has not taken loans; secured or unsecured from Companies, Firms or other Parties listed in the Register maintained under Section 301 of the Companies Act, 1956.

4. The Company has granted loans and advances in the nature of the loans to a Company and the same is interest-free and there are no stipulations as to its repayment.

5. 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.

6. The Company has not purchased during the year Stores, Raw Materials and Finished Goods exceeding Rs. 5 lacs in value from the firm or companies or other parties in which the Directors are interested.

7. The Companys Paid-up Capital is less than Rs.50 lacs and the Turnover is less than Rs.5 crores as envisaged in Clause (xv) of the Order under Report, the provisions as regards to Internal Audit are not attracted.

8. The Central Government has not prescribed maintenance of cost records under Section 209(l)(d) of the Companies Act, 1956.

9. There was no employee during the year entitled to Provident Fund or ESIS.

10. According to the information given to us, there are no disputed amounts payable in respect of Income Tax, Sales Tax, Wealth Tax, Customs Duty and Excise Duty and remaining outstanding on the last day of the Financial Year.

11. The investments in Shares and Units of Mutual Funds have been properly recorded.

For K.D. VYAS & Cog)

Chartered Accountants

(K.D.MAS)

Propiietor

Membership No.14613

Mumbai, Dated 30th May, 2010