Auditor Report of Mansi Finance (Chennai) Ltd.

Mar 31, 2024

We have audited the accompanying financial statements of MANSI FINANCE
(CHENNAI) LIMITED (''the Company'' ) which comprises the balance sheet
as at 31st March 2024, the statement of Profit & Loss Account, Statement of
Changes in Equity and the Cash Flow statement for the year ended and 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 the Companies Act, 2013 (the Act) in the manner so required
and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at March
31, 2024, and profit/loss, changes in equity and its cash flow 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 thereunder, and We
have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence obtained
by us is sufficient and appropriate to provide a basis for our opinion on the
financial statements.

Key Audit Matter

Key Audit Matters are those matters that, in our professional judgement, were
of most significant in our audit of the financial statements of the current period.
These matters were addressed in the context of our audit of the financial
statements as a whole, and in forming our opinion thereon, and We do not
provide a separate opinion on these matters. We determine in accordance with
Para 10 of SA 701 that there were no key audit matters that require significant
attention of Auditor.

Information other than Financial Statement and Auditor''s Report
thereon

The Company''s Board of Directors is responsible for the other information. The
other information comprises Board''s Report, Report on Corporate governance
and Business Responsibility report but does not include the financial statements
and our auditor''s report thereon.

Our opinion on the 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 standalone 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, 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.

Responsibility of Management and those charged with the governance
for the Standalone Financial Statements

The Company''s Board of Directors is reponsible for the matters stated in section
134 (5) of the Companies Act,2013 ("the act") with respect to the preparation
of these financial statements that give a true and fair view of the financial

position , financial performance and cash flows of the Company in accordance
with the accounting principles generally accepted in India including the
accounting standards specified under section 133 of the Act, read with relevant
rules issued thereunder. 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 accouting
policies; making judgements 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, management 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 management either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.

Those Board of Directors is also responsible for overseeing the company''s
financial reporting process.

Auditor''s Responsibility 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.

A further description of the auditor''s responsibilities for the audit of the
standalone financial statements is included in Annexure A. This desciption forms
part of our auditor''s report.

Report on other legal & regulatory requirements

1. As required by the Companies (Auditor''s Report) order, 2020 issued by
the Central Government of India in terms of sub section (11) of section
143 of the Companies Act, 2013, We annexed hereto (Annexure B) a
statement on the matters specified in paragraphs 3 & 4 of the said 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 explanation
which, to the best of our knowledge and belief were necessary for
the purpose of our audit.

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

(c) The Company has no branches during the year, hence Section 143(8)
of Companies Act 2013 is not applicable.

(d) The Balance Sheet, Statement of Profit & Loss including other
comprehensive income, statement of changes in equity and Cash
Flow Statement dealt with by this report are in agreement with the
books of account of the Company.

(e) In our opinion, the aforesaid financial statements comply with the
Accounting Standards specified under Section 133 of the Act.

(f) On the basis of the written representations received from the directors
as on March 31, 2024, taken on record by the Board of Directors,

none of the directors is disqualified as on March 31, 2024 from
being appointed as a director in terms of section 164 (2) of the Act.

(g) 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 C". Our
report expresses an unmodified opinion on the adequacy and
operating effectiveness of the Company''s internal financial controls
over financial reporting.

(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 has disclosed the impact of pending litigations
on its financial position in its financial statements - Refer Note
to the financial statements.

(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 by
the Company to the Investor Education and Protection Fund.

(iv) The management has represented that, to the best of its
knowledge and belief, other than as disclosed in the notes to
the accounts,

i. 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; and

ii. 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.

iii. Based on audit procedures carried out by us, that we have
considered reasonable and appropriate in the circumstances,
nothing has come to our notice that has caused us believe
that the representations under sub-clause (i) and (ii) contain
any material misstatement.

(v) The Company has not declared or paid any dividends during
the year and accordingly reporting on the compliance with
section 123 of the Companies Act, 2013 is not applicable for
the year under consideration.

(vi) With respect to the matter to be included in the auditor''s report
under section 197 (16) of the Act, as amended :

In our opinion and to the best of our information and according
to the explanations given to us, the remuneration paid by the
Company to its directors during the year is in accordance with
the provisions of section 197 of the Act.

(vii) Based on our examination, which included test checks, the
Company has used accounting software for maintaning books
of accounts for the financial year ended 31-03-2024 which has
a feature of recording audit trail (edit log) facility and the same
has been enabled and operated from 31st May 2023 for all
relevant transactions recorded in the software. Further, during
the course of audit we did not come across any instance of the
audit trail feature being tampered with.

As proviso to Rule 3(1) of the Companies (Accounts) Rules,
2014 is applicable from April 01, 2023, reporting under Rule
11(g) of the Companies (Audit and Auditors) Rules,2014 on
preservation of audit trail as per the statutory requirements for
record retention for financial year 2023-24 is commenced from
April 01, 2024, hence not applicable for the financial year ended
March 31, 2024.

For SIROHIA & CO.

Chartered Accountants
ICAI Firm Registration No.003875S

PLACE : Chennai ^{Vinod Kumar}

DATE : 29-05-2024 , , ^P,^artner _ _%

UDIN :24207094BKDAUX8154 ^{(Membership N}°.^207094)

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Mar 31, 2015

We have audited the accompanying financial statements of MANSI FINANCE (CHENNAI) LIMITED ( 'the Company' ) which comprises the balance sheet as at 31st March 2015 , the statement of Profit & Loss Account and the Cash Flow statement for the year then ended and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

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 few 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 (Account) Rules,2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

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

We have 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 misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedure selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give true and fair view, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls over financial reporting and operating effectiveness of such controls. 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 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 explanations given to us , the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,2015 and its profit and its cash flows for the year ended on that date.

Report on other legal & regulatory requirements

1. As required by the Companies (Auditor's Report) order, 2015 issued by the Central Government of India in terms of sub section (11) of section 143 of the Companies Act, 2013, We annexed hereto a statement on the matters specified in paragraphs 3 & 4 of the said 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 explanation which, to the best of our knowledge and belief were necessary for the purpose of our audit.

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

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

(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2014

(e) On the basis of the written representations received from the directors as on March 31, 2015, taken on record by the Board of Directors, none of the directors is disqualified as on March 31,2015 from being appointed as a director in terms of section 164 (2) of the Act.

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

(i) The Company has disclosed the impact of pending litigations on its financial position in its financial statements - Refer Note to the financial statements

(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 by the Company to the Investor Education and Protection Fund.

The annexure referred to in our Independent Auditors' Report to the members of the Company on the financial statement for the year ended 31 March 2015, we report that :

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

(b) All these assets have been physically verified by the management at reasonable intervals. As Informed to us no material discrepancy have been noticed between the physical verification and books of the Company.

2. Physical verification of Inventory is not applicable since the company has not traded in goods during the year.

3. During the year Company has not taken/granted any loans from Companies and firms listed in the Register maintained under section 189 of the Companies Act,2013. Company availed Loans from directors/Corporate. The rate of interest and terms and conditions of the loan are, prima facie, not prejudicial to the interest of the Company. There is no overdue amount of loans taken.

4. In our opinion and according to the information and explanation given to us there are adequate internal control procedures commensurate with the size of the Company and nature of its business with regard purchase of fixed assets. - During the course of audit, no major weakness has been noticed in the above controls and therefore the reporting of the same does not arise.

5. The Company has not received any public deposits during the year.

6. The Central Government has not prescribed the maintenance of cost records under section 148 (1) of the Act, in respect of the activities carried on by the Company.

7. (a) According to the records of the Company and information and

explanations given to us, the Company has generally been regular in depositing undisputed statutory dues, including Income Tax, Tax Deducted at Source and other material statutory dues applicable to it, with the appropriate authorities. As explained to us, the Company did not have any dues on account of Provident Fund, Employees State Insurance, duty of excise and customs

(b) According to the information and explanations given to us, there were no undisputed amounts payable in respect of income tax, Wealth Tax, Customer Duty, Excise Duty, Sales Tax, VAT, Cess and other material statutory dues in arrears/were outstanding as at 31March 2015 for a period of more than six months from the date they became payable. However , according to information and explanations given to us, the following dues of Income Tax have not been deposited by the Company on account of dispute :

Particulars Amount(Rs) Period to which Forum where amount relates the dispute is pending

Income Tax 42,087 Financial year Commissioner of Income Tax 2003-2004 (Appeals) Chennai

Income Tax 119,420 Financial year Commissioner of Income Tax 2004-2005 (Appeals) Chennai

Income Tax 452,270 Financial year Commissioner of Income Tax 2011-2012 (Appeals) Chennai

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

8. Company does not have any accumulated loss at the end of the financial year and has not incurred cash losses during the current and immediately preceding financial years.

9. In our opinion and according to the information and explanations given to us, there is no amount due to a financial institution and debenture holders. However in the case of dues to bank, the Company has not defaulted in payments.

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

11. According to the information and explanations given to us, the company has not raised any term loan during the year.

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 M/S. SIROHIA & CO

CHARTERED ACCOUNTANTS

Firm Reg. No.003875S



(VINOD KUMAR)

PLACE : CHENNAI PARTNER

DATE : 29-05-2015 M.No.207094

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Mar 31, 2014

We have audited the accompanying financial statements of MANSI FINANCE (CHENNAI) LIMITED (''the Company'') which comprises the balance sheet as at 31st March 2014, the statement of Profit & Loss Account and the Cash Flow statement for the year then ended and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

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

Auditor''s Responsibility

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

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

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

Opinion

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

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

ii. In the case of statement of Profit & Loss , of the Profit for the year ended on that date; and

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

Report on other legal & regulatory requirements

1. As required by the Companies (Auditor''s Report order, 2003 issued by the Central Government of India in terms of sub section (4A) of section 227 of the Companies Act, 1956, We annexe hereto a statement on the matters specified in paragraphs 4 & 5 of the said order.

2. As required by section 227 (3) of the Act, we report that :

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

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

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

(d) In our opinion, the Balance Sheet, Statement of Profit and loss and the Cash Flow Statement are in compliance with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 to the extent applicable

(e) According to the information and explanations given to us, in relation to the affairs of the Company, none of the Directors are disqualified from being appointed as Directors as on 31st March,2014 under Section 274 (l)(g) of the Companies Act,1956.

ANNEXURE TO THE AUDITORS'' REPORT

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

(b) All these assets have been physically verified by the management at reasonable intervals. As Informed to us no material discrepancy have been noticed between the physical verification and books of the Company.

(c) During the year, In our opinion Company has not disposed of substantial part of fixed assets.

2. Physical verification of Inventory is not applicable since the company has not traded in goods during the year.

3. During the year Company has not taken/granted any loans from Companies and firms listed in the Register maintained under section 301 of the Companies Act,1956. Company availed Loans from directors/Corporates. The rate of interest and terms and conditions of the loan are, prima facie, not prejudicial to the interest of the Company. There is no overdue amount of loans taken,

4. In our opinion and according to the information and explanation given to us there are adequate internal control procedures commensurate with the size of the Company and nature of its business with regard to Lending of money (Finance) and purchase of fixed assets. During the course of audit, no major weakness has been noticed in the above controls and therefore the reporting of the same does not arise.

5. According to the information and explanations given to us, Company has made necessary entries in the register maintained under section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us , the Company has not accepted deposits from the public within the meaning of Section 58A of the Companies Act,1956 and the rules framed thereunder.

7. The Company has an internal audit system commensurate with the size of the Company and the nature of its business.

8. We are informed by the Company, that maintenance of Cost records has not been prescribed by the Central Government U/s 209(l)(d) of the Companies Act, 1956.

9. (a) According to the explanations given to us, the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and Employees State Insurance Act, 1948 are not applicable to the Company. As per records of the Company, no Undisputed amount is payable, in respect of Income Tax, Wealth Tax, Sales tax and Customs duty, as at 31st March, 2014 outstanding for a period of more than six months from the date they became payable.

(b) Except for Income Tax demand as given below, according to information and explanation given to us, there are no dues of sales tax, custom duty, wealth tax, excise duty and cess which have not been deposited on account of any dispute.

Particulars Amount(Rs) Period to which Forum where amount relates the dispute is pending

Income Tax 42,087 Financial year Commissioner of Income Tax 2003- 2004 (Appeals) Chennai

Income Tax 119,420 Financial year Commissioner of Income Tax 2004-2005 (Appeals) Chennai

Income Tax 11,539,163 Financial year Commissioner of Income Tax 2010-2011 (Appeals) Chennai

10. Company does not have any accumulated loss at the end of the financial year and has not incurred cash losses during the current and immediately proceeding financial years.

11 In our opinion and according to the information and explanations given to us, there is no amount due to a financial institution and debenture holders. However in the case of dues to bank, the Company has not defaulted in payments.

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

13. According to the information and explanations given to us, the provisions of special statutes applicable to chit fund, nidhi or mutual benefit society are not applicable to the Company.

14. Based on our examination of records and the information and explanations given to us, the Company does not deal/trade in shares, securities, debentures and other investments. Wherever investments are made in shares & securities, they are held in the Company''s name.

15. According to the information and explanations given to us, the company has not given guarantees for loans taken from financial institutions or banks.

16. According to the information and explanations given to us, the company has not raised any term loan.

17. According to the information and explanations given to us, and on overall examination of the balance sheet and the Cash Flow Statement, we report that no funds raised on short term basis have been used for long term investment.

18. According to the information and explanations given to us, the company has not made preferential allotment of shares to any parties and listed in the Register maintained under section 301 of the Companies Act.

19. According to the information and explanations given to us, during the period covered by our audit report, the company has not issued any debentures.

20. According to the information and explanations given to us, the company has not raised any money by public issues 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 M/S. SIROHIA & CO CHARTERED ACCOUNTANTS Firm Reg. NO.003875S

(VINOD KUMAR) PARTNER M.No.207094 PLACE : CHENNAI DATE : 29-05-2014

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Mar 31, 2012

We have audited the attached Balance Sheet of MANSI FINANCE (CHENNAI) LIMITED as at 31st March 2012 and also the annexed Profit & Loss Account and the Cash Flow statement of the Company for the year ended on that date. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

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.

1. As required by the Companies (Auditor's Report order,2003 issued by the Centrai Governament of India In terms of sub section (4A) of section 227 of the Companies Act, 1956, We annexe hereto a statement on the matters specified in paragraphs 4 & 5 of the said order.

2. Further to our comments in the annexeure referred in paragraph 1 above, We report that :

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

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

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

(d) In our opinion, the Balance Sheet, Statement of Profit and loss and the Cash Flow Statement are in compliance with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 to the extent applicable

(e) According to the information and explanations given to us, in relation to the affairs of the Company, none of the Directors are disqualified from being appointed as Directors as on 31st March,2012 under Section 274 (l)(g) of the Companies Act, 1956.

(f) In our opinion and to the best of our information and explanations given to us , the said accounts read together with the notes thereon give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view.

i. In so far as it relates to the Balance Sheet, of the state of affairs of the Company as at 31st March, 2012.

ii. In so far as it relates to the Profit & Loss , of the Profit for the period ended on that date.

iii. In so far it relates to the Cash flow statement, of the cash flows of the Company for the year ended on that date.

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

(b) All these assets have been physically verified by the management at reasonable intervals. As Informed to us no material discrepancy have been noticed between the physical verification and books of the Company.

(c) During the year, In our opinion Compay has not disposed of substantial part of fixed assets.

2. Physical verification of Inventory is not applicable since the comapany has not traded in goods during the year.

3. During the year Company has not taken/granted any ioans from Companies and firms listed in the Register maintained under section 301 of the Companies Act, 1956. Company availed Loans from directors/Corporates. The rate of interest and terms and conditions of the loan are, prlma facie, not prejudicial to the interest of the Company. There is no overdue amount of loans taken.

4. In our opinion and according to the information and explanation given to us there are adequate internal control procedures commensurate with the size of the Company and nature of its business with regard to Lending of money (Finance) and purchase of fixed assets.During the course of audit,no major weakness has been noticed in the above controls and therefore the reporting of the same does not arise.

5. According to the information and explanations given to us, Company has made necessary entries in the register maintained under section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us , the Company has not accepted deposits from the public within the meaning of Section 58A of the Companies Act, 1956 and the rules framed thereunder.

7. The Company has an internal audit system commensurate with the size of the Company and the nature of its business.

8. We are informed by the Company, that maintenance of Cost records has not been prescribed by the Central Government U/s 209(l)(d) of the Companies Act, 1956.

9. (a) According to the explanations given to us, the provisions of the Employees Provident Fund and Miscellaneous Provisions : Act, 1952 and Employees State Insurance Act, 1948 are not applicable to the Company. As per records of the Company, no Undisputed amount is payable, in respect of Income Tax, Wealth Tax, Sales tax and Customs duty, as at 31st March, 2011 outstanding for a period of more than six months from the date they became payable, except for Income Tax demand as given below, according to information and explaination given to us,there are no dues of sales tax,custom duty,wealth tax,excise duty and cess which have not been deposited on account of any dispute.

Particulars Amount(Rs) Period to which Forum where amount relates the dispute is pending

Income Tax 42,087.00 Financial year Commissioner of Income Tax 2003-2004 (Appeals) Chennai

Income Tax 119,420.00 Financial year Commissioner of Income Tax 2004-2005 (Appeals) Chennai

10. Company does not have any accumulated loss at the end of the financial year and has not incurred cash losses during the current and immediately preceeidng financial years.

11. In our opinion and according to the information and explanations given to us,there is no amount due to a financial instution and debenture holders.However in the case of dues to bank, the Company has not defaulted in payments.

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

13. According to the information and explanations given to us, the provisions of special statutes applicable to chit fund, nidhi or mutual benefit society are not applicable to the Company.

14. Based on our examination of records and the information and explanations given to us, the Company does not deal/trade in shares, securities, debentures and other investments. Wherever investments are made in shares & securities, they are held in the Company's name.

15. According to the information and explanations given to us, the company has not given gurantees for loans taken from financial insitutions or banks.

16. According to the information and explanations given to us, the company has not raised any term loan.

17. According to the information and explanations given to us,and on overall examination of the balance sheet and the Cash Flow Statement,we report that no funds raised on short term basis have been used for long term investment.

18. According to the information and explanations given to us,the company has not made preferential allotment of shares to any parties and listed in the Register maintained under section 301 of the Companies Act.

19. According to the information and explanations given to us, during the period covered by our audit report,the company has not issued any debentures.

20. According to the information and explanations given to us,the company has not raised any money by public issues 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 M/S. SIROHIA & CO

CHARTERED ACCOUNTANTS

PLACE : CHENNAI (VINOD KUMAR)

DATE : 28-05-2012 PARTNER

M.No.207094

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Mar 31, 2010

We have audited the attached Balance Sheet of MANSI FINANCE (CHENNAI) LIMITED as at 31st March 2010 and also the annexed Profit & Loss Account and the Cash Flow statement of the Company for the year ended on that date. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting 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.

1. As required by the Companies (Auditors Report order,2003 issued by the Central Governament of India in terms of sub section (4A) of section 227 of the Companies Act, 1956, We annexe hereto a statement on the matters specified in paragraphs 4 & 5 of the said order.

2. Further to our comments in the annexeure referred in paragraph 1 above, We report that :

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

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

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

(d) In our opinion, the Balance Sheet, the Profit and loss Account and the Cash Flow Statement are in compliance with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 to the extent applicable.

(e) According to the information and explanations given to us, in relation to the affairs of the Company, none of the Directors are disqualified from being appointed as Directors as on 31st March,2010 under Section 274 (l)(g) of the Companies Act, 1956.

(f) In our opinion and to the best of our information and explanations given to us, the said accounts read together with the notes thereon give the information required by the Companies Act,1956 in the manner so required and give a true and fair view.

i. In so far as it relates to the Balance Sheet, of the state of affairs of the Company as at 31st March, 2010

ii. In so far as it relates to the Profit & Loss account, of the Profit for the period ended on that date.

iii. In so far it relates to the Cash flow statement, of the cash flows of the Company for the year ended on that date.

ANNEXURE TO THE AUDITORS REPORT

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

(b) All these assets have been physically verified by the management at reasonable intervals. As Informed to us no material discrepancy have been noticed between the physical verification and books of the Company.

(c) During the year, In our opinion Compay has not disposed of substantial part of fixed assets.

2. Physical verification of Inventory is not applicable since the comapany has not traded in goods during the year.

3. During the year Company has not taken/granted any loans from Companies and firms listed in the Register maintained under section 301 of the Companies Act,1956. Company availed Loans from directors/Corporates. The rate of interest and terms and conditions of the loan are, prima facie, not prejudicial to the interest of the Company. There is no overdue amount of loans taken.

4. In our opinion and according to the information and explanation given to us there are adequate internal control procedures commensurate with the size of the Company and nature of its business with regard to Lending of money (Finance) and purchase of fixed assets.During the course of audit,no major weakness has been noticed in the above controls and therefore the reporting of the same does not arise.

5. According to the information and explanations given to us, there are no contract/agreements during the year which need to be entered in to the register maintained under section 301 of the Companies Act, 1956.

6. In our opinion and according to the information and explanations given to us , the Company has not accepted deposits from the public within the meaning of Section 58A of the Companies Act, 1956 and the rules framed thereunder.

7. The Company has an internal audit system commensurate with the size of the Company and the nature of its business.

8. We are informed by the Company, that maintenance of Cost records has not been prescribed by the Central Government U/s 209(l)(d) of the Companies Act, 1956.

9. (a) According to the explanations given to us, the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and Employees State Insurance Act, 1948 are not applicable to the Company. As per records of the Company, no Undisputed amount is payable, in respect of Income Tax, Wealth Tax, Sales tax and Customs duty, as at 31st March, 2010 outstanding for a period of more than six months from the date they became payable.

(b) Except for Income Tax demand as given below, according to information and explaination given to us,there are no dues of sales tax,custom duty,wealth tax,excise duty and cess which have not been deposited on account of any dispute.

Particulars Amount(Rs) Period to which Forum where amount relates the dispute is pending

Income Tax 42,087.00 Financial year Commissioner of Income Tax 2003-2004 (Appeals) Chennai

Income Tax 119,420.00 Financial year Commissioner of Income Tax 2004-2005 (Appeals) Chennai

10. Company does not have any accumulated loss at the end of the financial year and has not incurred cash losses during the current and immediately preceeidng financial years.

11 In our opinion and according to the information and expiaination given to us,there is no amount due to a financial instution and debenture holders.However in the case of dues to bank, the Company has not defaulted in payments.

12. We are of opinion that the Company has maintained adequate records where the Company has granted loans and advances on the basis of security by way of pledge of shares and other similar securities.

13. According to the information and explanations given to us, the provisions of special statutes applicable to chit fund, nidhi or mutual benefit society are not applicable to the Company.

14. Based on our examination of records and the information and explanations given to us, the Company does not deal/trade in shares, securities, debentures and other investments. Wherever investments are made in shares & securities, they are held in the Companys name.

15. According to the information and explanations given to us, the company has not given gurantees for loans taken from financial insitutions or banks.

16. According to the information and explanations given to us, the company has not raised any term loan.

17. According to the information and explanations given to us,and on overall examination of the balance sheet and the Cash Flow Statement,we report that no funds raised on short term basis have been used for long term investment.

18. According to the information and explanations given to us,the company has not made preferential allotment of shares to any parties and listed in the Register maintained under section 301 of the Companies Act.

19. According to the information and explanations given to us, during the period covered by our audit report,the company has not issued any debentures.

20. According to the information and explanations given to us,the company has not raised any money by public issues 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 M/S. SIROHIA & CO

CHARTERED ACCOUNTANTS

PLACE : CHENNAI (VINOD KUMAR)

DATE : 21-05-2009 PARTNER

M.No.207094