Auditor Report of Desh Rakshak Aushdhalaya Ltd.

Mar 31, 2024

We have audited the financial statements of DESH RAKSHAK AUSHDHALAYA LIMITED
(“the Company”), which comprise the balance sheet as at 31st March 2024, and the statement of
Profit and Loss and statement of cash flows for the year then ended, and notes to the financial
statements, including a summary of significant accounting policies and other explanatory
information.

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 31st March, 2023, its profit/loss and its cash flows
for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section
143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further
described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our
report. We are independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India together with the ethical requirements that are relevant
to our audit of the financial statements under the provisions of the Companies Act, 2013 and the
Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance 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. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of 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. The company’s management is also responsible for overseeing the company’s
financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with SAs will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as
fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal control.

•Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our
opinion on whether the company has adequate internal financial controls system in place and the
operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.

• Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify and rectify by the management during our audit.

We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters
that were of most significance in the audit of the financial statements of the current period and are
therefore the key audit matters. We describe these matters in our auditor’s report unless law or
regulation precludes public disclosure about the matter or when, in extremely rare circumstances,
we determine that a matter should not be communicated in our report because the adverse
consequences of doing so would reasonably be expected to outweigh the public interest benefits of
such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), issued by the

Central Government of India in terms of sub-section (11) of section 143 of the Companies

Act, 2013, we give in the ‘Annexure A’, 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 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, 2016.

e) On the basis of the written representations received from the directors as on 31st March,
2024 taken on record by the Board of Directors, none of the directors is disqualified as
on 31st March, 2024 from being appointed as a director in terms of Section 164 (2) of
the Act.

f) With respect to the matter to be included in the Auditor’s Report under section 197(16),
In our opinion and according to the information and explanations given to us, the
remuneration paid by the Company to its directors during the current year is in
accordance with the provisions of section 197 of the Act. The remuneration paid to any
director is not in excess of the limit laid down under section 197 of the Act. The Ministry
of Corporate Affairs has not prescribed other details under section 197(16) which are
required to be commented upon by us.

g) 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, 2016, 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 as at 31^st March 2024 on
its financial position in its financial statements. The company has made provision, as
required under the applicable law or accounting standards.

ii. Provident Fund and ESI deposited by the company within the prescribed time. The
details of the same are mentioned in Form 3CD.

Based on audit procedures that have been considered reasonable and appropriate in
the circumstances, nothing has come to our notice that has caused us to believe that
the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a)
and (b) above, contain any material mis-statement.

iii. No dividend have been declared or paid during the year by the company.

iv. The company has used such accounting software for maintaining its books of accounts
in the financial year 2023-24 (It is applicable for financial year commencing from 1^st
April 2022) which has a feature of recording audit trial (edit log) facility and the same
has been operated throughout the year for all transactions in the software however the
audit trial feather has not been tempered and the audit trial has been preserved by the
company as per the statutory requirements for record retention. However the company
has started such accounting software from 1^st April 2023.

For ANIL JAIN & CO
Chartered Accountants
FRN: 000189C

Sd/-

Place:-HARIDWAR ANIL KUMAR JAIN

Date: 28.05.2024 Proprietor

UDIN: 24070253BKFVUU4007 Membership 070253

No.

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Mar 31, 2015

We have audited the accompanying Consolidated Balance Sheet of M/s DESH RAKSHAK AUSHDHALAYA LIMITED, HARIDWAR as at 31st March 2015 and the relative Consolidated manufacturing, Trading, Profit & Loss Account & Cash & Fund Flow Statement for the year ended on that date and a summary of significant accounting policies and other explanatory information.

MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors is responsible for the preparation of these financial statements in terms of the requirements of the Companies Act 2013 that give a true and fair view of the financial position, performance and cash flows 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 Rules 2014. The respective Board of Directors of the company are responsible for maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities, the selection and application of appropriate accounting policies, making judgment and estimates that are reasonable and prudent and the design, implementation and maintenance of adequate internal financial control, 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, which have been used for the purpose of preparation of consolidated financial statements by the Directors of the company, aforesaid.

AUDITOR'S RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on our audit.While conducting the 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 31st March 2015 and its profit and its cash flows for the year ended on that date.

REPORT ON OTHER LEGAL THE REGULATORY REQUIREMENTS

1. As required by the companies (Auditor's report) order 2015, issued by the Central Govt, of India in terms of sub-section (11) of section 143 of the Act, we give in the Annexure a statement on the matters specified in the paragraph 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 31 st March 2015 taken on record by the Board of Directors, none of the Directors is disqualified as on 31st March, 2015 from being appointed as a director in terms of Section 164 (2) of the Act.

(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 Auditor's) Rules 2014 in our opinion and to the best of our information and according to the explanations given to us:

i. The company has made provision, as required under the applicable law or accounting standards.

ii. Provident Fund and ESI deposited by the company every month mostly in time but in few months it is delay by few days.

The annexure referred to in our Auditor's Report to the members of the Company on the financial statements for the year ended 31 st March 2015, we report that;

1. a The company has maintained proper records to show full particulars including quantitative details and situations of its fixed assets

b. As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such physical verification.

c. In our opinion; the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us inventories have been physically verified by the management at regular intervals during the year.

b. In our opinion and according to the information's and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

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

3. In respect of 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. The Company had not taken the Unsecured loans covered in the register maintained under section 301 of the Companies Act, 1956 & have the Secured loans of Banks & one another party. The maximum amount involved during the year aggregating to Rs. 98.90 lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 105.85 lacs approx. The Company has not granted loans to the parties during the year.

b. In our opinion, the rate of interest and other terms and conditions on which loans secured or unsecured have been taken from/granted to companies, firms or other parties listed in the registers maintained under section 301 are not, prima facie, prejudicial to the interest of the company. However, no interest has been charged on he loans given/granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of teh Companies Act, 1956.

4. In or opinion and according ;to the information's 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 purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, no major weakness has been noticed in the internal controls.

5. No transactions covered under Section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us, there are no transactions in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 aggregating during teh year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

8. In our opinion the company has an internal audit system commensurate with the size and nature of its business.

9. We have broadly reviewed the books of accounts relating the materials, labour and other items of cost maintained by the company pursuant to the Rules made by the Central Government for the maintenance of cost records under section 209 (1)(d) of the Companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the same.

10. In respect of statutory dues:

a. According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including employees' state insurance, income tax, sales tax, excise duty and other statutory dues applicable to it.

b. According to the information's and explanation given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax and excise duty were outstanding as at 31 st March, 2015 for a period of more than six months from the date they became payable.

c. According to the records of the company, there are no dues of sales tax, income tax, excise duty which have not been deposited on account of any dispute.

11. The company has accumulate losses and there is no any cash loss during the financial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the pinion that the company is not defaulted in repayment of dues of the banks.

13. 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. In our opinion, the company is not a chit fund or a Nidhi/mutual benefit fund/society. Therefore, clause 1 (xiii) of the Companies (Auditor's Report) Order 2003 is not applicable to the company.

14. Based on our examination of the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that company has invested in the shares only and nothing has been invested in securities and debentures.

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

16. The company has not raised any new term loans during the year. The loans outstanding were applied for the purposes for which they were raised.

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. No long term funds have been used to finance short term assets.

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

19. The company has not created securities in respect of debentures issued.

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

21. In our opinion and according to the information's and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

FOR AND ON BEHALF OF M/S ANIL JAIN & CO. CHARTERED ACCOUNTANTS.

Sd- PLACE: HARDWAR (ANIL KUMAR JAIN) DATED: 25.5.2015 PROPRIETOR MEMBERSHIP N0.070253

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Mar 31, 2014

We have audited the attached Balance Sheet of M/s DESH RAKSHAK AUSHDHALAYA LIMITED, H ARID WAR as at 31st March 2014 and the relative manufacturing, Trading, Profit & Loss Account & Cash & Fund Flow Statement for the year ended on 31.3.2014 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.

MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The company''s management is responsible for the preparation of these financial statement that give a true and fair view on the financial position, financial performance and cash flows of the company in accordance with the accounting standards, notified under the Companies Act 1956 read with the General circular 10/2013 dated 13th September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statement, 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 amount and disclosures in the financial statements. The procedures selected depends on the auditor''s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company''s preparation and fair presentation of the financial Statement 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 the management as well as evaluating the overall presentation of the financial statement.

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

REPORT ON OTHER LEGAL THE REGULATORY REQUIREMENTS

As required by the companies (Auditor''s report) order 2003, issued by the Central Govt, of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 we enclose in the annexure hereto a statement on the matters specified in paragraph 4 & 5 of the said order.

Further to our comments in the Annexure referred to above, we report that;

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

(ii) 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 those books.

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

(iv) In our opinion, the Balance Sheet, Statement of profit & Loss Account and Cash Flow Statement comply with Accounting Standards Notified under 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.

(v) 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 Director in term of clause (g) of subsection (1) of Section 274 of the Companies Act, 1956.

(vi) 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 other notes thereon give the information''s 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 Balance Sheet of the state of affairs of the company as at 31st March 2014.

b. In the case of statement of Profit & Loss account of the profit for the year ended 31.3.2014.

c. In the case of the cash flow statement, of the cash flow for the year ended on that date.

b. In the case of Statement of Profit & Loss account of the profit for the year ended 31.3.2013

c. In the case of the cash flow statement, of the cash flow for the year ended on that date.

M/S DESH RAKSHAK AUSHDHALAYA LIMITED, HARIDWAR (ANNEXURE TO AUDITOR''S REPORT Referred to in paragraph 3 of our report of even date;

1. a The company has maintained proper records to show full particulars including quantitative details and situations of its fixed assets

b. As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such physical verification.

c. In our opinion, the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us inventories have been physically verified by the management at regular intervals during the year.

b. In our opinion and according to the information''s and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

c. The Company has maintained proper records of the inventories. As explained to us, there were no materieal discrepancies noticed on physical verification of inventory as compared to the book records.

3. In respect of 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. The Company had not taken the Unsecured loans covered in the register maintained under section 301 of the Companies Act, 1956 & have the Secured loans of Banks & one another party. The maximum amount involved during the year aggregating to Rs. 92.77 lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 98.90 lacs approx. The Company has not granted loans to the parties during the year.

b. In our opinion, the rate of interest and other terms and conditions on which loans secured or unsecured hav been taken from/granted to companies, firms or other parties listed in the registers maintained under section 301 are not, prima facie, prejudicial to the interest of the company. However, no interest has been charged on he loans given/ granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of teh Companies Act, 1956.

4. In or opinion and according ;to the information''s 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 purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, no major weakness has been noticed in the internal controls.

5. No transactions covered under Section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us, there are no transactions in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 aggregating during teh year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

8. In our opinion the company has an internal audit system commensuratee with the size and nature of its business.

9. We have broadly reviewed the books of accounts relating the materials, labour and other items of cost maintained by the company pursuan to the Rules made by the Centreal Government for the maintenance of cost records under section 209 (1)(d) of the Companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the same.

10. In respect of statutory dues:

a. According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including employees'' state insurance, income tax, sales tax, excise duty and other statutory dues applicable to it.

b. According to the information''s and explanation given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax and excise duty were outstanding as at 31 st March, 2014 for a period of more than six months from the date they became payable.

c. According to the records of the company, there are no dues of sales tax, income tax, excise duty which have not been deposited on account of any dispute.

11. The company has no accumulate losses and there is no any cash loss during the financial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the pinion that the company is not defaulted in repayment of dues of the banks.

13. 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. In our opinion, the company is not a chit fund or a Nidhi/mutual benefit fund/society. Therefore, clause 1 (xiii) of the Companies (Auditor''s Report) Order 2003 is not applicable to the company.

14. Based on our examination of the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that company has invested in the shares only and nothing has been invested in securities and debentures.

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

16. The company has not raised any new term loans during the year. The loans outstanding were applied for the purposes for which they were raised.

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. No long term funds

have been used to finance short term assets except working capital.

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

19. The company has not created securities in respect of debentures issued.

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

21. In our opinion and according to the information''s and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

FOR AND ON BEHALF OF M/S ANIL JAIN & CO. CHARTERED ACCOUNTANTS.

Sd-

PLACE: HARDWAR (ANIL KUMAR JAIN) DATED: 26.5.2014 PROPRIETOR

MEMBERSHIP N0.070253

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Mar 31, 2012

We have audited the attached Balance Sheet of M/s DESH RAKSHAK AUSHDHALAYA LIMITED, HARIDWAR as at 31st March 2012 and the relative manufacturing, Trading, Profit & Loss Account & Cash & Fund Flow Statement for the year ended on 31.3.2012 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 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. .

As required by the companies (Auditor's report) order 2003, issued by the Central Govt, of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 we enclose in the annexure hereto a statement on the matters specified in paragraph 4 & 5 of the said order.

Further to our comments in the Annexure referred to above, we report that;

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

(ii) 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 those books.

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

(iv) In our opinion, the Balance Sheet, Statement of Profit & Loss Account and Cash Flow Statement dealt with by this report are in compliance with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956.

(v) On the basis of written representations received from the Directors as on March 31, 2012 and taken on record by the Board of Directors, we report that none of the Director is disqualified as on March 31, 2012 from being appointed as Director in term of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

(vi) 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 other notes thereon give the information's 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 Balance Sheet of the state of affairs of the company as at 31st March 2012.

b. In the case of Statement of Profit & Loss account of the profit for the year ended 31.3.2012.

c. In the case of the cash flow statement, of the cash flow for the year ended on that date.

M/S DESH RAKSHAKAUSHDHALAYA LIMITED, HARIDWAR (ANNEXURE TO AUDITOR'S REPORT

Referred to in paragraph 3 of our report of even date;

1 .a The company has maintained proper records to show full particulars including quantitative details and situations of its fixed assets.

b. As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were noticed on such physical verification.

C. In our opinion, the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us inventories have been physically verified by the management at regular intervals during the year.

b. In our opinion and according to the information's and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

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

3. In respect of 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. The Company had taken the Unsecured loans covered in the register maintained under section 301 of the Companies Act, 1956 & already returned the Secured loans of Banks etc. Some Unsecured loans has been regrouped. The maximum amount involved during the year aggregating to Rs. 62.83 lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 41.01 lacs. The Company has not granted loans to the parties during the year.

b. In our opinion, the rate of interest and other terms and conditions on which loans secured or unsecured have been taken from/granted to companies, firms or other parties listed in the registers maintained under section 301 are not, prima facie, prejudicial to the interest of the company. However, no interest has been charged on the loans given /granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of the Companies Act, 1956.

4. In our opinion and according to the information's 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 purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, no major weakness has been noticed in the internal controls,

5. No transactions covered under Section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us, there are no transactions in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act, 1956 aggregating during the year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

8. In our opinion the company has an interna! audit system commensurate with the size and nature of its business.

9. We have broadly reviewed the books of accounts relating to materials, labour and other items of cost maintained by the company pursuant to the Rules made by the Central Government for the maintenance of cost records under section 209 (1)(d) of the Companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination cf the same.

10. In respect of statutory dues:

a. According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including employees' state insurance, income tax, sales tax, excise duty and other statutory dues applicable to it. The company has deposited PF up to November 2012 only.

b. According to the information's and explanations given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax and excise duty were outstanding as at 31st March, 2012 for a period of more than six months from the date they became payable.

c. According to the records of the company, there are no dues of sales tax, income tax, excise duty which have not been deposited on account of any dispute.

11. The company has accumulated losses and there is no any cash loss during the financial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the opinion that the company is not defaulted in repayment of dues of the banks.

13. 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. In our opinion, the company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, clause 4(xiii) of the Companies (Auditor's Report) Order 2003 is not applicable to the company.

14. Based on our examination of the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that the company has invested in the shares only and nothing has been invested in securities and debentures.

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

16. The company has not raised any new term loans during the year. The loans outstanding Were applied for the purposes for which they were raised.

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. No long term funds have been used to finance short term assets except working capital.

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

19. The company has not created securities in respect of debentures issued.

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

21. In our opinion and according to the information's and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

FOR AND ON BEHALF OF M/S ANIL JAIN & CO.

CHARTERED ACCOUNTANTS.

PLACE: HARDWAR (ANIL KUMAR JAIN ) DATED: 28.5.2012 PROPRIETOR MEMBERSHIP N0.070253

---

Mar 31, 2010

We have audited the attached Balance Sheet of M/s DESH RAKSHAKAUSHDHALAYA LIM- ITED, HARIDWAR as at 31st March 2010 and the relative manufacturing, Trading, Profit & Loss Account & Cash & Fund Flow Statement for the year ended on 31.3.2010 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. These financial statements are the responsibility of the firms management. Our responsibil- ity 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 principles used and significant estimates made by management, as well as evaluating the overall financial statement pre- sentation. We believe that our audit provides a reasonable basis for our opinion.

As required by the companies (Auditors report) order 2003, issued by the Central Govt, of India in terms of sub-section (4A) of section 227 of the Companies Act, 1956 we enclose in the annexure hereto a statement on the matters specified in paragraph 4 & 5 of the said order.

Further to our comments in the Annexure referred to above, we report that;

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

(ii) In our opinion, proper books of accounts as required by law have been kept by the com- pany, so far as appears from our examination of those books.

(iii)The Balance Sheet and Manufacturing, Trading, Profit & Loss Account dealt with by this report are in agreement with the books of accounts.

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

(v) In our opinion and based on information and explanations given to us, none of the directors are disqualified as on 31st March, 2010 from being appointed as directors in terms of clause (g) of the sub section (1) of section 274 of the Companies Act, 1956.

(vi) 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 other notes thereon give the informations 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.

a. In the case of Balance Sheet of the statement of affairs of the company as at 31 st March 2010.

b. In the case of Mfg. Trading ,Profit & Loss account of the profit for the year ended 31.3.2010.

c. In the case of the cash flow statement, of the cash flows for the year ended on that date.

M/S DESH RAKSHAK AUSHDHALAYA LIMITED, HARIDWAR(ANNEXURE TO AUDITORS REPORT) Referred to in paragraph 3 of our report of even date;

1 .a The company has maintained proper records to show full particulars including quanti- tative details and situations of its fixed assets.

b. As explained to us, the fixed assets have been physically verified by the management during the year in a phased periodical manner, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrep- ancies were noticed on such physical verification.

C . In our opinion, the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories;

a. as explained to us -inventories have been physically verified by the management atregular intervals during the year.

b In our opinion and according to the informations and explanations given to us, the

procedures of physical verification of inventories followed by the management are rea- sonable and adequate in relation to the size of the company and the nature of its busi- ness.

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

3. In respect of 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. The Company had squared up the Unsecured loans covered in the register maintained under section 301 of the Companies Act, 1956 & already taken Secured loans from PNB. Some Unsecured loans has been regrouped. The maximum amount involved during the year aggregating to Rs. 24.02 lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 0.49 lacs. The Company has granted loans to the parties during the year.

B . In our opinion, the rate of interest and other terms and conditions on which loans se- cured or unsecured have been taken from/granted to companies, firms or other parties listed in the registers maintained under section 301 are not, prima facie, prejudicial to the interest of the company. However, no interest has been charged on the loans given /granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regu- lar in the payment of interest.

d. There are-overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of the Companies Act, 1956.

4. In our opinion and according to the informations 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 purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, no major weakness has been noticed in the internal controls.

5. No transactions covered under Section 301 of the Companies Act, 1956.

6. in our opinion and according to the information and explanations given to us, there are no transactions in pursuance of contracts or arrangements entered in the register main- tained under Section 301 of the Companies Act, 1956 aggregating during the year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted any deposits from the public during the year.

8. In our opinion the company has an internal audit system commensurate with the size and nature of its business.

9. We have broadly reviewed the books of accounts relating to materials, labour and other items of cost maintained by the company pursuant to the Rules made by the Central Government for the maintenance of cost records under section 209 (1 )(d) of the Com- panies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the same.

10. In respect of statutory dues:

a. According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees state insurance, income tax, sales tax, excise duty and other statutory dues applicable to it.

b. According to the informations and explanations given to us, no undisputed amount payable in respect of income tax, wealth tax, sales tax and excise duty were outstand- ing as at 31st March, 2010 for a period of more than six months from the date they became payable.

c. According to the records of the company, there are no dues of sales tax, income tax, excise duty which have not been deposited on account of any dispute.

11. The company has accumulated losses and there is no any cash loss during the finan- cial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the opinion that the company is not defaulted in repay- ment of dues of the banks.

13. 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, in our opinion, the company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, clause 4(xiii) of the Compa- nies (Auditors Report) Order 2003 is not applicable to the company.

14. Based on our examination of the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records. We also report that the company has invested in the shares, securities, debentures and other securities.

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

16. The company has not raised any new term loans during the year. The term loans outstanding were applied for the purposes for which they were raised.

17. According to the information and explanations given to us and on an overall examina- tion of the Balance Sheet of the company, we report that no funds raised on short term basis have been used for long term investment. No long term funds have been used to finance short term assets except working capital.

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

19. The company has not created securities in respect of debentures issued.

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

21. In our opinion and according to the informations and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

FOR AND ON BEHALF OF

M/SANILJAIN&CO.

CHARTERED ACCOUNTANTS.

PLACE: HARIDWAR [ANILKUMAR JAIN ]

DATED: 30.6.2010 PROPRIETOR

MEMBERSHIP NO.070253

PANNO.ACDPJ9361N

---

Mar 31, 2009

We have audited the attached Balance Sheet of M/s Desh Rakshak Aushdhalaya Limited Haridwar as at 31s March 2009 and the relative manufacturing. Trading profit & Loss Account & Cash & fund Flow Statement for the year ended on 31-3-2009 Annexed there to. These financial statements are the respon- sibility of the companys management statements based on our audit.

We conducted our editor 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 statement. An audit includes examining. On a test basis evi- dence supporting the amounts and disclosures in the financial statements. An audit also includes as- sessing the accounting or inciples 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.

As required by the companies (Auditors report) order 2003 issued by the central Govt, of India in terms of subsection (4A) of section 227 of the Companies Art. 1956 we enclose in the annexurehere to a statements on the matters specified in paragraph 4 & 5 of the said order.

Further to our comments in the annexure referred to above we report that.

1 We have obtained all the information and explanation which is to the best of our knowledge and belief were necessary for the purpose of our audit

ii) In our opinion proper book of accounts as required by law have been kept by the company. So far as appears from our examination of those books.

iii) Tne balance sheet and Manufacturing, Trading profit & Lose Account dealt with by this report are in agreement with the books of accounts.

iv) In our opinion, the Balance sheet and manufacturing. Trading. Profit & Loss A accounts dealt with by this report comply with the mandatory accounting standards referred to in subsection (3C) of section 211 of (he companies Act. 1956.

v) In our opinion and jased information and explanations given to us. None of the directors are disqualfied as on 31 st March, 2009 from being appointed as director in terms of clause (a) of the sub section (b) of section 274 of the companies Act. 1956

iv) 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 other notes thereon given 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.



a. In the case of Balance Sheet of the statement of affairs of the companyasat31 March2009.

b. In the case of Mfd. Trading profit & loss account of the profit for the year ended 31.3.2009. c In the case of the cash flow statement of the cash flows for the year ended on that date.

ANNEXURE TO AUDITORS REPORT REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE:

1a- The Company has maintained proper records to show full particulars including quantitative details and situations of its fixed assets.

b. As explained to us the fixed assets have been physically verified by the management during the year in a phased periodical manner. Which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No. material discrepancies were noticed on such physical verification.

c. In our opinion the company has not disposed of substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. In respect of its inventories:

a. As explained to us inventories have been physically verified by the management regular intervals during the year.

b. In our opinion and according to the informations and explanations given to us the procedures of physica1 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 has maintained proper records of the inventories. As explained to us. There were no material discrepancies notices on physical verification of inventory as compared to the book records.

3. In respect of loans, secured of unsecured, granted of 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. The company had taken unsecured loans from five parties covered in the register maintained under section 301 of the Companies Act. 1956 & Already taken Secured loans from ICICI Bank & PNB. The maximum amount involved during the year aggregating to Rs. 78.69 Lacs at the beginning of the year and the year end balance of loans taken from such parties was Rs. 24.51 lacs.

The company has granted loans to the parties during the year.

b. In our opinion the rate of interest and other terms and conditions on which loans secured or unse- cured have been taken from/granted to companies. Firms or other parties not. prima facie, prejudi- cial to the interest of the company however no interest has been charged on the loans given/ granted to the parties.

c. The company is regular in repaying the principal amounts as stipulated and also regular in the payment of interest.

d. There are overdue amount of loans taken from or granted to companies, firms or other parties listed in the registers maintained under section 301 of the companies Act. 1956

4. In our opining and according to the information and explanation given to us. there are adequate internal control procedures commensurate with the size of the company and the nature of its. business with the regard to purchases of inventory Fixed assets and with regard to the sale of goods. During the course of our audit, no major weakness has been noticed in the internal controls.

5. No. Transactions covered under Section 301 of the companies Act. 1956.

6. In our opinion and according to the information and explanations given to us, there are no trans- actions in pursuance of contracts or arrangements entered in the register maintained under Sec- tion 301 of the Companies Act. 1956 aggregating during the year to Rs. 500000/- (Rs. five lacs only) or more in respect of any party.

7. The company has not accepted nay deposits from the public during the year.

8. In our opinion the company has an internal audit system commensurate with the size and nature of its business.

9. We have broadly reviewed the books of accounts relating to materials, labour and other items of cost maintained by the company pursuit to the rules made by the Central Government for the maintenance to of cost records under section 209(1) (d) of the Companies Act. 1956 and we are of the opinion that prima facie the prescribed accounts and records have been mademaintained accounts and records have been made and maintained. We have not however made a detailed examination of the same.

10. In respect of statutory deuce :

a. According to the records of the company . the company is regular in depositing with appropriate authorities undisputed statutory douse including provident fount. Employees state insurance, income text, sales tex, excise duty FBT and other statutory duse applicable to it.

b. according to the informations and explanation given to us. on undisputed amount payable in re- spect of income tex, wealth tex. sale tex and excise dute were outstanding as at 31st March . 2009 for a period of more than six months form the date they became payable .

c. According to the company. There are on dues of sale tex. income tex excise duty which have not been deposited on account of any dispute.

11. The company has accumulated losses and there is on any cash loss during the financial year covered by our audit.

12. Based on our audit procedures and according to the information and explanation given by the management, we are of the opinion that the company is not defaulted in repayment of the banks.

13. In bur opinion and according to the information explanation 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 securityes. in our opinion, the company is not a chit funt or a nidhi/mutual benefit fund / sciety Therefore clause 4(xiii) of the companies (Audi or s Report) Order 2003 is not applicable to the company

14. Based on our examination fo the records and evaluation of the related internal controls, we are of the opinion that proper records have been maintained of the transaction and contracts and timely entries have been made in those records, we also report that the company has not invested in the shares, securities. Debentures and other securities.

15. The company ha not given any gurantee for loans taken by others from bank or financial institution.

16. The company has not raised any new term loans during the year. The term loans outstanding were applied for the pur poses for which they were raised.

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. No long term funds have been used for to finance short term assets except working copital.

18. During the vear, the company has not made any preferential allotment under section 301 fo the companies Act 1956.

19. The company hes not created securities in respect of debentures issued.

20. The company has not raised any money by way of public issue during the year.

21. In our opinion and according to the informations and explanations given to us by the management no fraud on or by the company has been noticed or reported during the course of our audit.

Place: Haridwar For and on Behalf of

Date : 30-6-2009 M/s Anil Jain & Co.

Chartered accountants.

Sd/

Anil Kumar Jain

Proprietor

Membership No. 70253