Auditor Report of International Data Management Ltd.

Mar 31, 2024

We have audited the Ind AS Financial statements of
International Data Management Limited (“the Company”),
which comprise the Balance sheet as at 31^st March, 2024, the
Statement of Profit and Loss (including other comprehensive
income), the statement of changes in equity, Cash flow
Statement for the year then ended, and notes to the Ind AS
financial statements, including a summary of the material
accounting policies and other explanatory information
(hereinafter referred to as “the Ind AS Financial statements”).

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
Companies Act, 2013 (“the Act”) in the manner so required
and give a true and fair view in conformity with the Indian
Accounting Standards prescribed under section 133 of the
Act read with the Companies (Indian Accounting Standards)
Rules, 2015, as amended, (“Ind AS”) and other accounting
principles generally accepted in India, of the state of affairs of
the Company as at 31^st March, 2024, and its loss, total
comprehensive income, changes in equity and its cash flows
for the year ended on that date.

Basis for Opinion

We conducted our audit of financial statement in accordance
with the Standards on Auditing (SAs) specified under section
143(10) of the Act. 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 Act and the Rules
thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and
the ICAI’s Code of Ethics. 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.

Material Uncertainty Related to Going Concern

The Company has significant accumulated losses and has
incurred losses of Rs. 17.47 lakhs during the current year and
Rs. 165.47 lakhs in previous year. The Company’s net worth
is fully eroded and the current liabilities exceed its current
assets by Rs. 410.91 lakhs as at March 31, 2024. These
conditions raise a doubt regarding the Company’s ability to
continue as a going concern. However, the financial
statements have been prepared on a going concern basis in
view of the financial support from the Promoter Group to
meet its financial obligations as and when they fall due.

Our opinion is not modified in respect of this matter.

Key Audit Matter

Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the
standalone financial statements of the current period. These

matters were addressed in the context of our audit of the
standalone financial statements as a whole, and in forming
our opinion thereon, and we do not provide a separate
opinion on these matters. Except for the matter described in
Material Uncertainty Related to Going Concern section, we
have determined that there are no other key audit matters to
communicate in our report.

Information Other than the Financial Statements and
Auditor’s Report Thereon

The Company’s Board of Directors is responsible for the
preparation of the other information. The other information
comprises the information included in the Management
Discussion and Analysis, Board’s Report including
Annexures to Board’s Report, but does not include the
financial statements and our auditor’s report thereon.

Our opinion on the Ind AS financial statements does not
cover the other information and we do not express any form
of assurance conclusion thereon.

In connection with our audit of the financial statements, our
responsibility is to read the other information and, in doing
so, consider whether the other information is materially
inconsistent with the Ind AS financial statements or our
knowledge obtained during the course of our audit or
otherwise appears to be materially misstated.

If, based on the work we have performed on the other
information that we obtained prior to the date of auditor’s
report, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We
have nothing to report in this regard.

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 Act with respect to the
preparation of these financial statements that give a true and
fair view of the financial position, financial performance,
changes in equity and cash flows of the Company in
accordance with the accounting principles generally
accepted in India including the Indian Accounting Standards
(Ind AS) 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 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.

In preparing the financial statements, the Board of Directors
is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going
concern basis of accounting unless the Board of Directors
either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing
the Company’s financial reporting process.

Auditor’s Responsibility for the Audit of 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.

• Obtain an understanding of internal control relevant to
the audit in order to design audit procedures that are
appropriate in the circumstances. 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 and
Board of directors.

• Conclude on the appropriateness of management’s use
of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that
may cast significant doubt on the Company’s ability to
continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw
attention in our auditor’s report to the related
disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained
up to the date of our auditor’s report. However, future
events or conditions may cause the Company to cease
to continue as a going concern.

• 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
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 standalone 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.

Other Matter

The Financial Statements of the Company for the year ended
31st March, 2023, prepared in accordance with Ind AS have
been audited by the predecessor auditors. The report of the
predecessor auditors dated 29th May, 2023, expressed an
unmodified opinion.

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
Act, and on the basis of such checks of the books and
records of the Company as we considered appropriate
and according to the information and explanations
given to us and the representation obtained from the
management, we give in the “Annexure A” a statement
on the matters specified in the paragraphs 3 and 4 of the
said Order.

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

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

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

(c) The balance sheet, the statement of profit and loss
including Other Comprehensive Income, the
statement of changes in equity and the cash flow
statement dealt with by this report are in agreement
with the relevant books of account.

(d) In our opinion, the aforesaid Ind AS financial
statements comply with the Ind AS specified under
Section 133 of the Act.

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

(f) With respect to the adequacy of the internal
financial controls over financial reporting of the
Company and the operating effectiveness of such
controls, refer to our separate report in “Annexure
B”.

(g) The Company has not paid or provided for any
managerial remuneration during the year.
Accordingly, reporting under section 197 (16) of the
Act is not applicable.

(h) With respect to the other matters to be included in
the Auditor’s Report in accordance with Rule 11 of
the Companies (Audit and Auditors) Rules, 2014, in
our opinion and to the best of our information and
according to the explanations given to us:

i) The Company does not have any pending
litigations which would impact its financial
position;

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 during the year to the Investor
Education and Protection Fund by the
Company.

iv) (a) The management has represented to us

that, to the best of its knowledge and
belief, no funds have been advanced or
loaned or invested (either from borrowed
funds or share premium or any other
sources or kind of funds) by the company
to or in any other person(s) or entity (ies),
including foreign entities
(“Intermediaries”), with the
understanding, whether recorded in
writing or otherwise, that the Intermediary
shall, whether, directly or indirectly lend or
invest in other persons or entities
identified in any manner whatsoever by or
on behalf of the company (“Ultimate
Beneficiaries”) or provide any guarantee,
security or the like on behalf of the
Ultimate Beneficiaries;

(b) The management has also represented to
us, that, to the best of its knowledge and
belief, no funds have been received by the
company from any person(s) or
entity(ies), including foreign entities
(“Funding Parties”), with the
understanding, whether recorded in
writing or otherwise, that the company
shall, whether, directly or indirectly, lend
or invest in other persons or entities

identified in any manner whatsoever by or
on behalf of the Funding Party (“Ultimate
Beneficiaries”) or provide any guarantee,
security or the like on behalf of the
Ultimate Beneficiaries; and

(c) Based on such audit procedures that we
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
(a) and (b) contain any material mis¬
statement.

v) No dividend declared or paid during the year
by the company.

3. Based on our examination which included test checks,
the company has used an accounting software for
maintaining its books of account which has a feature of
recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant
transactions recorded in the software. Further, during
the course of our audit we did not come across any
instance of audit trail feature being tampered with.
Additionally, the audit trail has been preserved by the
company as per the statutory requirements for record
retention.

For V Nagarajan & Co.

Chartered Accountants
FRN : 004879N

Sd/-

Pradeep Kumar

Partner

Place: New Delhi M.No. 514068

Date: 27th May 2024 UDIN: 24514068BKCAUI9648

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Jun 30, 2015

We have audited the accompanying financial statements of International Data Management Limited ('the Company'), which comprise the balance sheet as at 30th June 2015, the statement of Profit and Loss and the Cash Flow Statement for the period then ended, and a summary of 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 and presentation 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, wheuier 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 thereunder.

Except as matters stated in Emphasis of Matter given below, 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 horn 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

Subject to the matters stated in Emphasis of Matter, 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 30th June 2015 and loss and its cash flow for the period ended on that date.

Emphasis of Matter

Without qualifying our report, we draw attention to

i. Though the Company has incurred losses far in excess of paid up capital and reserves, since the directors are looking for right opportunity to explore the similar line of business activity, the directors consider that it is appropriate to prepare the financial statements on going concern basis [Note 19].

ii. In respect of one inter corporate loan amounting to Rs. 89.10 lacs, no confirmation has been received from the lender company [Note 20].

iii. Note2.1.g regarding deferred tax assets.

Report on Other Legal and Regulatory Requirements

1. As required by 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 i 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 Cash Flow Statement dealt with by this Report are in agreement with the books of account;

d. hi 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 30th June 2015 and taken on record by tile Board of Directors, none of the directors is disqualified as on 30th June 2015 from being appointed as a director in terms of Section 164 (2) of the Act; and

f. With respect to the other matters included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our ¦opinion and to the best of our information and according to the explanations given to us :

i. The Company does not have any pending litigations which would impact its financial position except as stated in para 7 (c) of annexure to Independent Auditor's Report,

ii. The Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses.

iii. There were no amounts which required to be transferred to the Investor Education and Protection Fund by the Company.

Annexure referred to in our report of even date on the accounts for the year ended 30th June 2015.

(Referred to in our report of even date)

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

b) The fixed assets have been physically verified by the Management during the period at reasonable intervals and no material discrepancies were noticed.

c) None of the fixed assets have been disposed off during - the period.

2. The Company did not have any stock at the end of the period

3. The Company has not granted any loans, secured or unsecured, to companies, firms or other parlies covered in the register maintained under Section 189 of the Act.

4. hi 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 assets and for the sale of goods and services.

5. In our opinion, and according to the information and explanations given to us, the Company has not accepted deposits as per the directives issued by the Reserve Bank of India under the provisions of Sections 73 to 76 or any other relevant provisions of die Act and the rules framed there under.

6. The Central Government has not prescribed maintenance of cost records under Section 148{1) of the Act, for any of die products of the Company.

7.(a)According to the records of the company, the company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, income tax, sales tax, cess and other statutory dues applicable to it.

(b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, wealth tax, sale tax, service tax, custom duty and excise duty were outstanding as at 30th June, 2015 for a period exceeding six months from the date they became payable.

(c) According to the information and explanations given to us, diere are no dues of, sales tax, income tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute except ESI.

Nature of the Amount Forum where dues (Rs-) dispute is pending

ESI 6,76,777/- Joint Director, Regional Office ESI, New Delhi.

(d) According to the information and explanation given to us , there are no dues 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.

8. In our opinion, the accumulated losses of the company are more than fifty percent of its net worth. The company has incurred cash losses during the financial period covered by our audit and in the immediately preceding financial year.

9. In our opinion and according to the information and explanations given to us, the Company does not have any borrowings from financial institution, bank or debenture holders.

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

11. In our opinion and according to the information and explanations given to us, The company has not raised any term loan during the period.

12. 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.D. Chopra & Assosciates

Place : New Delhi Chartered Accountants

Date : August 26, 2015 Firm Registration No. 003789N

S.D. Chopra

Proprietor

Membership No. 082537

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Mar 31, 2014

We have audited the accompanying financial statements of International Data Management Limited, which comprise the Balance Sheet as at 31st March, 2014 and the statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

2. Management''s responsibility for the financial statements

Management is responsible for the preparation of these financial statements that gives a true and fair view of the financial position, financial performance and cash flows of the company in accordance with the accounting standards referred to in sub section (3C) of Section 211 of the Companies Act, 1956 ("the Act"). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of die financial statements that give true and fair view and are free from material misstatement, whether due to fraud or error.

3. Auditor''s Responsibility

Our responsibility is to express an opinion on these financial statement based on our audit . Except as matters stated in paragraph 4 below, 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 the ethical requirements and plan and perform die audit to obtain reasonable assurance 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 b y 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.

4. Emphasis of Matter : Without qualifying our report, we draw attention to

i) Though the Company has incurred losses far in excess of paid up capital and reserves, since die directors are looking for right opportunity to explore the similar line of business activity, the directors consider that it is appropriate to prepare die financial statements on going concern basis [Note 19].

ii) In respect of one intercorporate loan amounting to Rs. 89.10 lacs, no confirmation has been received from the lender company [Note 20].

iii) Note 2. l.gregarding deferred tax assets.

5. Opinion

Subject to the matters stated in paragraph 4, in our opinion and to the best of our information and according to die explanations given to us, the financial statements give the information required by the Act in the manner so required and gives a true and fair view in conformity widi the accounting principles generally accepted in India:

a} in the case of the Balance Sheet, of die state of affairs of the Company as at31st March, 2014;

b) in the case of the statement of Profit and Loss, of the profitfor die year ended on that date; and

c) in the case of die Cash Flow Statement, of the cash flow for the year ended on diat date.

6. 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 die annexure a statement on the matters specified in paragraphs 4 and 5 of die 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 accounts 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 accounts.

d) In our opinion, the balance sheet, statement of profit and cash flow statement comply with the accounting standards referred to in sub section (3C) of Section 211 of the Companies Act, 1956. and

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 31 st March, 2014 from being appointed as a director in terms of clause (g) of sub section (1) of Section 274 of (he Companies Act, 19S6

The Annexure referred to in our report to the member of International Data Management Limited (''the Company'') for the year ended 31, March, 2014 .We report that

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

b) The fixed assets have been physically verified by die Management during the year at reasonable intervals and no material discrepancies were noticed.

c) None of the fixed assets have been disposed off during the year.

2. The Company did not have any stock at the end of the year.

3. a) The Company has not taken any loan secured or unsecured from companies, firms or other parties listed in me register maintained under section 301 of me Companies Act, 1956.

b) The Company has not granted any loans secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.

4. 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 assets and for the sale of good and services.

5. According to the information and explanations given to us, the Company has not entered in any contracts or arrangements during the year that need to be entered in die register maintained under Section 301 of die Act.

6. The Company has not accepted any fixed deposits from the public.

7. There was no internal audit systems in operation during the year. However, the Company has internal control procedures which, in our opinion, are adequate in relation to the size of the Company.

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

9. a) According to the records of the Company, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, income tax, sales tax, cess and other statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, wealth tax, sale tax, service tax, custom duty and excise duty were outstanding as at 31st March, 2014 for a period exceeding six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of, sales tax, income tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute except ESI

Nature of Forum where dispute the dues Amount (Rs.) is pending

ESI 6,76,777/- Joint Director Regional Office ESI, New Delhi.

10. In our opinion, the accumulated losses of the company are more than fifty percent of its net worth. The company has incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company does not have any borrowings from financial institution, bank or debenture holders.

12. The Company has not granted any loans and advances to any party on die basis of security by way of pledge of shares, debentures and other securities.

13. The Company is not a Chit fund, Nidhi or Mutual Benefit Society. Hence the requirement of item (xiii) of paragraph 4 of the Order is not applicable to the Company.

14. The Company is not dealing or trading in shares, securities, debentures and other investments.

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 term loan during the year.

17. Based on our examination and in our opinion the company has not raised any short term/long term funds during the year.

18. The company has not made any preferential allotment of shares to the parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956.

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

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

21. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

For S. D. Chopra & Associates Chartered Accountants Firm Registration No. 003789N

Place: New Delhi S. D. Chopra Date : 29''h May, 2014 Proprietor Membership No.82537

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Mar 31, 2012

1. We have audited the attached Balance Sheet of International Data Management Limited as at 31st March, 2012 and also the Profit and Loss Account and 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. Except as matters stated in paragraph 3 below, 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. We draw attention to:

i) Though the Company has incurred losses far in excess of paid up capital and reserves, since the directors are looking for right opportunity to explore the similar line of business activity, the directors consider that it is appropriate to prepare the financial statements on going concern basis [Note 18],

ii) In respect of one inter corporate loan amounting to Rs. 89.10 lacs, no confirmation has been received from the lender company [Note 19].

iii) Note2.1.h regarding deferred tax assets.

4. As required by the Companies (Auditor's Report) Order, 2003, as amended by Companies(Auditor's Report) (Amendment) Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

5. Further to our comments in the annexure referred in paragraph 4 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 it 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 agreement with the books of accounts.

d) In our opinion, the Balance Sheet, Profit and Loss Account 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.

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

f) Subject to the matters stated in paragraph 3 above, in our opinion and to the best of our information and according to the explanations given to us, the said accounts read together 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 the affairs of the company as at 31st March, 2012;

b) in the case of the Profit and Loss Account, 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.

Annexure to the report of the Auditors to the members of International Data Management Limited on the accounts for the Year ended 31st March, 2012.

{Referred to in paragraph 4 thereof}

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

b) The fixed assets have been physically verified by the Management during the year at reasonable intervals and no material discrepancies were noticed.

c) None of the fixed assets have been disposed off during the year.

2. The Company did not have atiy stock (inventory) at the end of the year.

3. a) The Company has not taken any loan secured or unsecured from companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956.

b) The Company has not granted any loans secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.

4. 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 assets and for the sale of goods and services.

5. According to the information and explanations given to us, the company has not entered in any contracts or arrangements during the year that need to be entered in the register maintained under Section 301 of the Act.

6. The Company has not accepted any fixed deposits from the public.

7. There was no internal audit systems in operation during the year. However, the Company has internal control procedures which, in our opinion, are adequate in relation to the size of the Company.

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

9. a) According to the records of the company, the company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, income tax, sales tax, cess and other statutory dues applicable to it.

b) According to the information and explanations given to Us, no undisputed amounts payable in respect of income tax, wealth tax, sale tax, service tax, custom duty and excise duty were outstanding as at 31st March, 2012 for a period exceeding six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of, sales tax, income tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute except ESI.

Nature of Forum where dispute Amount the dues (Rs.) is pending

EST 6,76,777/- Joint Director, Regional Office ESI New Delhi.

10. In our opinion, the accumulated losses of the company are more than fifty percent of its net worth. The company has incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company does not have any borrowings from financial institution, bank or debenture holders.

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

13. The Company is not a Chit fund, Nidhi or Mutual Benefit Society. Hence the requirement of item (xiii) of paragraph 4 of the Order is not applicable to the company.

14. The Company is not dealing or trading in shares, securities, debentures and other investments.

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 term loan during the year.

17. Based on our examination and in our opinion the company has not raised any short term / long term funds during the year.

18. The company has not made any preferential allotment of shares to the parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956.

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

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

21. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

S.D. Chopra

Proprietor

M. No. 82537

For and on behalf of

Place. Noida S.D. Chopra & Associates

Date : 30 May, 2012 Chartered Accountants

---

Mar 31, 2011

1. We have audited the attached Balance Sheet of International Data Management Limited as at 31st March, 2011 and also the Profit and Loss Account and 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. Except as matters stated in paragraph 3 below, 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. We draw attention to:

i) Though the Company has incurred losses far in excess of paid up capital and reserves, since the directors are looking for right opportunity to explore the similar line of business activity, the directors consider that it is appropriate to prepare the financial statements on going concern basis [Note 9 of Schedule 8(B)].

ii) In respect of one intercorporate loan amounting to Rs. 89.10 lacs, no confirmation has been received from the lender company [Note 5 of Schedule 8(B)].

iii) Note 7 of Schedule 8(B) regarding deferred tax assets.

4. As required by the Companies (Auditor's Report) Order, 2003, as amended by Companies(Auditor's Report) (Amendment) Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

5. Further to our comments in the annexure referred in paragraph 4 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 it 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 agreement with the books of accounts.

d) In our opinion, the Balance Sheet, Profit and Loss Account 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.

e) On the basis of written representations received from the directors as on 31st March, 2011, and taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2011 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

f) Subject to the matters stated in paragraph 3 above, in our opinion and to the best of our information and according to the explanations given to us, the said accounts read together 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 the affairs of the company as at 31st March, 2011;

b) in the case of the Profit and Loss Account, 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.

Annexure to the report of the Auditors to the members of International Data Management Limited on the accounts for the Year ended 31st March, 2011.

{Referred to in paragraph 4 thereof}

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

b) The fixed assets have been physically verified by the Management during the year at reasonable intervals and no material discrepancies were noticed.

c) None of the fixed assets have been disposed off during the year.

2. The Company did not have any stock (inventory) at the end of the year.

3. a) The Company has not taken any loan secured or unsecured from companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956.

b) The Company has not granted any loans secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.

4. 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 assets and for the sale of goods and services.

5. According to the information and explanations given to us, the company has not entered in any contracts or arrangements during the year that need to be entered in the register maintained under Section 301 of the Act.

6. The Company has not accepted any fixed deposits from the public.

7. There was no internal audit systems in operation during the year. However, the Company has internal control procedures which, in our opinion, are adequate in relation to the size of the Company.

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

9. a) According to the records of the company, the company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, income tax, sales tax, cess and other statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, wealth tax, sale tax, service tax, custom duty and excise duty were outstanding as at 31st March, 2011 for a period exceeding six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of, sales tax, income tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute except ESI.

Nature of Amount Forum where dispute the dues (Rs.) is pending

ESI 6,76,777/- Joint Director, Regional Office ESI New Delhi

10. In our opinion, the accumulated losses of the company are more than fifty percent of its net worth. The company has incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company does not have any borrowings from financial institution, bank or debenture holders.

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

13. The Company is not a Chit fund, Nidhi or Mutual Benefit Society. Hence the requirement of item (xiii) of paragraph 4 of the Order is not applicable to the company.

14. The Company is not dealing or trading in shares, securities, debentures and other investments.

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 term loan during the year.

17. Based on our examination and in our opinion the company has not raised any short term/long term funds during the year.

18. The company has not made any preferential allotment of shares to the parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956.

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

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

21. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit.

For S. D. Chopra & Associates Chartered Accountants

S. D. Chopra Proprietor Membership No.82537

Place: Noida Date :26th May, 2011

---

Mar 31, 2010

1. We have audited the attached Balance Sheet of International Data Management Limited as at 31st March, 2010 and also the Profit and Loss Account and Cash How Statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. Except as matters stated in paragraph 3 below, 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. We draw attention to:

i) Though the Company has incurred losses far in excess of paid up capital and reserves, since the directors are looking for right opportunity to explore the similar line of business activity, the directors consider that it is appropriate to prepare the financial statements on going concern basis [Note 9 of Schedule 8 (B)].

ii) In respect of one intercorporate loan amounting to Rs. 89.10 lacs, no confirmation has been received from the lender company |Note 5 of Schedule 8(B)].

iii) Note 7 of Schedule 8(B) regarding deferred tax assets.

1. As required by the Companies (Auditors Report) Order, 2003, as amended by Companies(Auditors Report) (Amendment) Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of Section 227 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.

5). Further to our comments in the annexure referred in paragraph 4 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 accounts as required by law have been kept by the Company so far as it appears from our examination of those books.

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

d) In our opinion, the Balance Sheet, Profit and Loss Account 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.

e) On the basis of written representations received from the directors as on 31st March, 2010, and taken on record by the Board of Directors, 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.

f) Subject to the matters stated in paragraph 3 above, in our opinion and to the best of our information and according to the explanations given to us, the said accounts read together 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 the affairs of the company as at 31st March, 2010;

b) in the case of the Profit and Loss Account, 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.

Annexure to the report of the Auditors to the members of International Data Management Limited on the accounts for the Year ended 31st March, 2010.

{Referred to in paragraph 4 thereof}

1. a) The Company has maintained proper records

showing lull particulars, including quantitative detail;, and situation of all its fixed assets.

b) The fixed assets have been physically verified by the Management during the year at reasonable intervals and no material discrepancies were noticed.

c) None of the fixed assets have been disposed off during the year.

2. The Company did not have any stock (inventory) at the end of the year.

3. a) The Company has not taken any loan secured or unsecured from companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956.

b) The Company has not granted any loans secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.

4. 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 assets and for the sale of goods and services.

5. According to the information and explanations given to us, the company has not entered in any contracts or arrangements during the year that need to be entered in the register maintained under Section 301 of the Act

6. The Company has not accepted any fixed deposits from the public.

7. There was no internal audit systems in operation during the year. However, the Company has internal control procedures which, in our opinion, are adequate in relation to the size of the Company.

8. The Central Government has not prescribed maintenance of cost records under Section 209(1 )(d) of the Companies Act, 1956, for any of the products of the Company.

9. a) According to the records of the company, the company is generally regular in depositing with appropriate authorities undisputed statutory dues including provident fund, investor education protection fund, income tax, sales tax, eess and other statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, wealth tax, sale tax, service tax, custom duty and excise duty were outstanding as at 31st March, 2010 for a period exceeding six months from the date they became payable.

c) According to the information and explanations given to us, there are no dues of, sales tax, income tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute except ESI.

Nature of Amount Forum where dispute the dues (Rs. In lacs) is pending

ESI 6,76,777/ Joint Director,

Regional Office ESI, New Delhi.

10. In our opinion, the accumulated losses of the company are more than fifty percent of its net worth. The company has incurred cash losses during the financial year covered by our audit and in the immethately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company does not have any borrowings from financial institution, bank or debenture holders.

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

13. The Company is not a Chit fund, Nidhi or Mutual Benefit Society. Hence the requirement of item (xiii) of paragraph 4 of the Order is not applicable to the company.

14. The Company is not dealing or trading in shares, securities, debentures and other investments.

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 term loan during the year.

17. Based on our examination and in our opinion the company has not raised any short term / long term funds during the year.

18 The company has not made any preferential allotment of shares to the parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956.

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

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

21. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of our audit

S.D. Chopra

Proprietor

Membership No. 82537

For and on behalf of

Place: Noida S.D. Chopra & Associates

Date : 24th May, 2010 Chartered Accountants