Auditor Report of Multipurpose Trading & Agencies Ltd.

Mar 31, 2024

A. We have audited the accompanying Standalone Financial Statements of
Multipurpose Trading & Agencies Limited (“the Company”), which comprise
the Balance Sheet as at March 31, 2024, the Statement of Profit and Loss
(including Other Comprehensive Income), the Statement of Changes in Equity
and the Statement of Cash Flows for the year ended on that date, and a
summary of the significant accounting policies and other explanatory
information (hereinafter referred to as “the Standalone Financial Statements”).

B. In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid Standalone 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 March 31, 2024, the profit and total
comprehensive income, changes in equity and its cash flows for the year ended
on that date

2. Basis for Opinion

We conducted our audit of the Standalone Financial Statements in accordance with
the Standards on Auditing specified under section 143(10) of the Act (SAs). Our
responsibilities under those Standards are further described in the Auditor’s
Responsibilities for the Audit of the Standalone 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 (ICAI) together with the
independence requirements that are relevant to our audit of the financial statements
under the provisions of the Act and the Rules made there under, 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
Standalone Financial Statements.

3. Key Audit Matters

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. We have determined the matters
described below to be the key audit matters to be communicated in our report.

S.NO	Key Audit Matter	Auditor’s Response
1.	Amount given to One City Promoters Private Limited (Company under the same management) for real-estate project.	During the Financial Year 2013-14 , The company has given Rs2.00 ( Two) Crore to M/s One City Promoters Private Limited (Company under the same management) for Investment in the Future real-estate projects .Even after passing of sustainable time neither the Company has received any share in the real estate Project nor have received back Money.

4. Information Other than the Standalone Financial Statements and Auditor’s

Report Thereon_

A. 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, Business Responsibility Report, Corporate
Governance and Shareholder’s Information, but does not include the
Standalone Financial Statements and our auditor’s report thereon. Our
opinion on the standalone financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon

B. 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.

5. Management’s Responsibility for the Standalone Financial Statements_

A. 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
Standalone Financial Statements that give a true and fair view of the
financial position, financial performance, total comprehensive income,
changes in equity and cash flows of the Company in accordance with the
Ind AS and other accounting principles generally accepted in India. 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
standalone financial statements that give a true and fair view and are free
from material misstatement, whether due to fraud or error.

B. In preparing the Standalone 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.

The Board of Directors is responsible for overseeing the Company’s financial
reporting process.

6. Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

A. Our objectives are to obtain reasonable assurance about whether the
Standalone 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 Standalone Financial
Statements.

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

i) Identify and assess the risks of material misstatement of the standalone
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._

ii) Obtain an understanding of internal financial controls relevant to the audit
in order to design audit procedures that are appropriate in the circumstances.
Under section 143(3)(i) of the Act, 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_

iii) Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting estimates and related disclosures made by

___management_

iv) 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
Standalone 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_

v) Evaluate the overall presentation, structure and content of the Standalone

Financial Statements, including the disclosures, and whether the Standalone
Financial Statements represent the underlying transactions and events in a

___manner that achieves fair presentation_

C. Materiality is the magnitude of misstatements in the Standalone Financial
Statements that, individually or in aggregate, makes it probable that the
economic decisions of a reasonably knowledgeable user of the Standalone
Financial Statements may be influenced. We consider quantitative materiality
and qualitative factors in (i) planning the scope of our audit work and in
evaluating the results of our work; and (ii) to evaluate the effect of any

___identified misstatements in the Standalone Financial Statements._

D. 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._

E. 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._

F. 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_

II. Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit 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, Statement of Changes in Equity and the Statement
of Cash Flow dealt with by this Report are in agreement with the relevant

___books of account_

D. In our opinion, the aforesaid standalone financial statements comply
with the Ind AS 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, 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._

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 A”. Our report
expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company’s internal financial controls over financial
___reporting._

G. With respect to the other matters to be included in the Auditor’s Report in
accordance with the requirements of 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.

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, as amended 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 in its Standalone Financial Statements_

ii) The Company did not have any long-term contracts including derivative

___contracts for which there were any material foreseeable losses_

iii) There were no amounts which were required to be transferred to the Investor

___Education and Protection Fund by the Company_

iv) The Company does not declare or paid any divided during the year.

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

issued by the Central Government in terms of Section 143(11) of the Act, we
give in “Annexure B” a statement on the matters specified in paragraphs 3
and 4 of the Order._

For KARMV AND COMPANY
Chartered Accountants
Firm Reg. No. 023022N

S/D

Place: New Delhi (Arvind Kumar)

Dated: 30.05.2024 (Partner)

Membership No.507570
UDIN:- 24507570BKHIRX9920

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Mar 31, 2014

Report on the Financial Statements

We have audited the accompanying financial statements of Multipurpose Trading And Agencies Limited (''the Company"), which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

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

Auditor''s Responsibility

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

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

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

Opinion.

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

a) in the ease of the Balance Sheet, of the state of affairs of the Company as at

b) in the case of the Profit and Loss Account, of the loss for the year ended on

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

Report on Other Legal and Regulatory Requirements

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

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

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

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

c) the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting Standards referred to subsection (3C) of section 211 of the Companies Act, 1956;

e) on the basis of written representations received from the directors as on March 31 2014 and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, front being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act,

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

ANNEXURE TO THE AUDITORS'' REPORT

(Referred to in paragraph 2 of our report to the Members of MULTIPURPOSE TRADING AND AGENCIES LIMITED on the Accounts for the period ended on 31st March, 2014)

i. The Company has no fixed assets on the day of the Balance Sheet.

ii. The question of physical verification of goods does not arise, as there was no, opening inventory & no trading activity during the period.

iii. a) The company has availed unsecured loan from companies, firm and other parties listed in the register maintained under section 301 and section 370 (1- B) of the Companies Act, 1956 amounting to Rs. 4,90,000 (previous year Rs. 10,50,000) and such lending companies are not charging any interest from the Company.

b) The company has not granted any advance in the current year (previous year Rs 4,00,000 ) to a company, listed in the register maintained under section 301 or to companies under same management as defined under section 370 (IB) of the Companies Act, 1956, where no interest is being charged by the company.

iv. In our opinion and according to the information and explanation given to us, the company has an internal control procedure in general, commensurate with size of the company and the nature of its business.

v. a) The Company has maintained register in pursuance of section 301 of the Act and all the transactions that need to be entered have been entered.

b) In our opinion and according to the information and explanation given to us there are no transactions exceeding the value of rupees five lakhs occurred during the year made in respects of any party in pursuance of contracts or arrangement that needs to be entered in the register maintained under section 301 of the Companies Act, 1956.

vi. As the company has not invited public deposits, provision of section 58A of the Companies Act, 1956 and the Companies (Acceptance of deposits) Rules, 1975 are not applicable to the company.

vii. In our opinion, company has adequate internal audit system commensurate with its size and nature of its business.

viii. We have been informed that the Central Government has not prescribed maintenance of cost records under section 201 (1) (d) of the Companies Act, 1956.

ix. a) The provision of Provident fund Act and ESI Act are not applicable to the company and therefore provisions are not applicable.

b) In our opinion and according to the information and explanations given to us, there are no undisputed and outstanding amounts payable in respect of income-tax, wealth-tax, sales-tax, custom duty and excise duty as at the last day of the financial period concerned for a period of more than six months from the date they become payable as on the Balance Sheet date.

x. The company has incurred cash losses in the current as well as in the previous financial year Further its accumulated losses are more than the 50% of Its Net Worth

xi. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to any financial institution, bank etc.

xii. The Company has not granted any loans and advances on. the basis of security by way of pledge of shares, debentures and other securities, so the question of maintenance of such records does not arise.

xiii. In our opinion, the company is not chit fund or nidhi / mutual benefit fund society. Hence this clause is not applicable to the Company.

xiv. In our opinion, the Company is not dealing in or trading in shares, securities, debentures, and other investments. Accordingly the provisions of clause 4(xiv) of the Companies (Auditor Report) Order, 2003 are not applicable to the company.

xv. As explained to us by the Management of the company, the company has not given any guarantee for loans taken by others from bank or financial institution.

xvi. There are no term loan availed by the Company hence any reporting in the matter is not applicable.

xvii. According to the information and explanation given to us and on an overall examination of the Balance sheet of the Company, we report that no funds raised on Short term basis have been used for Long term Investment.

xviii. There were no preferential allotment of shares to parties and companies covered in the register maintained U/S 301 of the Act, hence this clause is not applicable.

xix. As the company has not issued any debenture this clause is not applicable.

XX. The Company has not raised any money from the public issues hence this clause is not applicable.

xxi. 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 NIDHI BANSAL & CO Chartered Accountant

Place: New Delhi (Varun Gupat) Dated: 21.05.2014 (Partner) [Membership No. 503070]

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Mar 31, 2012

We have audited the attached Balance Sheet of MULTIPURPOSE TRADING AND AGENCIES''LIMITED as at 31st. March, 2012 and the Profit and Loss Account for the period 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.

1. 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 amount 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.

2. As required by the Manufacturing And Other Companies (Auditor''s Report) Order, 1988 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 paragraph 4 and 5 of the said order.

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

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

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

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

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

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

(vi) In our opinion and to the best of our information and according to the explanations given to us the said accounts 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 case of Balance Sheet of the state of affairs of the company as at 31st March, 2012, and

b) in case of Profit and Loss Account of the Loss for the period ended on that date.

ANNEXURE TO THE AUDITORS'' REPORT

(Referred to in paragraph 2 of our report to the Members of MULTIPURPOSE TRADING AND AGENCIES LIMITED on the Accounts for the period ended on 31st March, 2012)

i. The Company has no fixed assets on the day of the Balance Sheet.

ii. The question of physical verification of goods does not arise, as there was no closing stock resulting out of the trading activity that was under taken during the period.

iii. a) The company has availed unsecured loan from companies, firm and other parties listed in the register maintained under section 301 and section 370 (1-B) of the Companies Act, 1956 amounting to Rs. 1,50,000 (previous year NIL) and such lending companies are not charging any interest from the Company.

b) The company has granted an advance of Rs 4,00,000 (previous year Rs 7,00,000 ) to a company, listed in the register maintained under section 301 or to companies under same management as defined under section 370 (1B) of the Companies Act, 1956, where no interest is being charged by the company.

iv. In our opinion and according to the information and explanation given to us, the company has an internal control procedure in general, commensurate with size of the company and the nature of its business.

v. a) The Company has maintained register in pursuance of section 301 of the Act and all the transactions that need to be entered have been entered.

b) In our opinion and according to the information and explanation given to us there are no transactions exceeding the value of rupees five lakhs occurred during the year made in respects of any party in pursuance of contracts or arrangement that needs to be entered in the register maintained under section 301 of the Companies Act, 1956.

vi. As the company has -not invited public deposits, provision of section 58A of the Companies Act, 1956 and the Companies (Acceptance of deposits) Rules, 1975 are not applicable to the company.

vii. In our opinion, company has adequate internal audit system commensurate with its size and nature of its business.

viii. We have been informed that the Central Government has not prescribed maintenance of cost records under section 201 (1) (d) of the Companies Act, 1956.

ix. a) The provision of Provident fund Act and ESI Act are not applicable to the company and therefore provisions are not applicable.

b) In our opinion and according to the information and explanations given to us, there are no undisputed and outstanding amounts payable in respect of income-tax, wealth-tax, sales-tax, custom duty and excise duty as at the last day of the financial period concerned for a period of more than six months from the date they become payable as on the Balance Sheet date.

x. The company has accumulated losses at the end of the financial period and also incurred losses in the current period. However in our opinion and according to the information and explanations given to us, the company is not covered within the definition of the Sick Industrial Company as contained in the section 3(1) (o) of the Sick Industrial Company''s (Special provisions) Act, 1985.

xi. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to any financial institution, bank etc.

xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other , securities, so the question of maintenance of such records does not arise.

xiii. In our opinion, the company is not chit fund or nidhi / mutual benefit fund society. Hence this clause is not applicable to the Company.

xiv. In our opinion, the Company is not dealing in or trading in shares, securities, debentures, and other investments. Accordingly the provisions of clause 4(xiv) of the Companies (Auditor Report) Order, 2003 are not applicable to the company.

xv. As explained to us by the Management of the company, the company has not given any guarantee for loans taken by others from bank or financial institution.

xvi. There ate no term loan availed by the Company hence any reporting in the matter is not applicable.

xvii. According to the information and explanation given to us and on an overall examination of the Balance sheet of the Company, we report that no funds raised on Short term basis have been used for Long term Investment.

xviii. There were no preferential allotment of shares to parties and companies covered in the register maintained U/S 301 of the Act, hence this clause is not applicable.

xix. As the company has not issued any debenture this clause is not applicable.

xx. The Company has not raised any money from the public issues hence this clause is not applicable.

xxi. 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 C GARG & ASSOCIATES

Chartered Accountants

Place: Nfew Delhi

Dated: 29.05.2012 (Subhash Garg)

Partner

[Membership No. 85615]

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Mar 31, 2010

We have audited the attached Balance Sheet of MULTIPURPOSE TRADING AND AGENCIES LIMITED as at 31st March, 2010 and the Profit and Loss Account for the period 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.

1. 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 amount 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.

2. As required by the Manufacturing And Other Companies (Auditors Report) Order, 1988 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 paragraph 4 and 5 of the said order.

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

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

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

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

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

(v) On the basis of written representations received from the directors as on 31st March 2010 and taken on record by the Board Of Directors, we report that none of the directors of the company is disqualified as on 31st March, 2010 from being appointed as a director in terms of clause (g) of sub-section (!) of section 274 of Companies Act, 1956.

(vi) In our opinion and to the best of our information and according to the explanations given to us the said accounts 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 case of Balance Sheet of the state of affairs of the company as at 31st March, 2010 and

b) in case of Profit and Loss Account of the Loss for the period ended on that date.

ANNEXURE TO THE AUDITORS REPORT

(Referred to in paragraph 2 of our report to the Members of MULTIPURPOSE TRADING AND AGENCIES LIMITED on the Accounts for the period ended on 31st March, 2010)

i. The company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets. The Company has no fixed assets on the day of the Balance Sheet.

ii. The fixed assets of the company have not been revalued during the period.

iii. The question of physical verification of goods does not arise as there was no trading activity during the period.

iv. The company has not taken loan, secured or unsecured from companies, firm and other parties listed in the register maintained under section 301 and section 370 (1-B) of the Companies Act, 1956.

v. Apart from the trade advances, the company has not granted any loan to companies, firms or the other parties listed in the register maintained u/s 301 or to companies under same management as defined under section 370 (1B) of the Companies Act, 1956.

vi. The company has not granted any loans to a director, relative of a director and a Firm in which a director of the company is a partner.

vii. In our opinion and according to the information and explanation given to us, the company has an internal control procedure in general, commensurate with size of the company and the nature of its business.

viii. As explained to us, the company does only trading activity and therefore question of unserviceable or damaged goods does not arise.

ix. As the company has not invited public deposits, provision of section 58A of the Companies Act, 1956 and the Companies (Acceptance of deposits) Rules, 1975 are not applicable to the company.

x. The company is not required to maintain such records, as there is no by- product / scrap resulting out of trading activity.

xi. In our opinion, company has adequate internal audit system commensurate with its size and nature of its business.

xii. We have been informed that the Central Government has not prescribed maintenance of cost records under section 201 (1) (d) of the Companies Act, 1956.

xiii. The provision of Provident fund Act and ESI Act are not applicable to the company and therefore provisions are not applicable.

xiv. In our opinion and according to the information and explanations given to us, there are no undisputed and outstanding amounts payable in respect of income-tax, wealth-tax, sales-tax, custom duty and excise duty as at the last day of the financial period concerned for a period of more than six months from the date they become payable as on the Balance Sheet date.

xv. The company does not have accumulated losses at the end of the financial period. The company has incurred cash losses in the current period.

xvi. In our opinion and according to the information and explanations given to us, no personal expenses have been charged to revenue account.

xvii. In our opinion and according to the information and explanations given to us, the company is not covered within the definition of the Sick Industrial Company as contained in the section 3(1) (o) of the Sick Industrial Companys (Special provisions) Act, 1985.

xviii. The other para of the order are not applicable to Company considering the nature of the business.

For MM Jindal & Co. Chartered Accountants Place: New Delhi Dated: 31.08.2010 Sd/- Proprietor