Auditor Report of Nihar Info Global Ltd.

Mar 31, 2024

We have audited the accompanying Standalone Financial Statements of NIHAR INFO GLOBAL
LIMITED (“The Company”), which comprises the balance sheet as at 31 March 2024, the statement of
profit and loss (including Other Comprehensive Income), the cash flow Statement and the statement of
changes in equity for the year ended and notes to the Financial Statements, including a summary of
significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid 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 other accounting
principles generally accepted in India, of the state of affairs of the Company as at 31 March 2024, and its
profit, total comprehensive income, its cash flows and the changes in equity for the year ended on that
date.

Basis for Opinion

We conducted our audit of the Standalone Financial Statements 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 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 ethical requirements that are
relevant to our audit of the standalone Financial Statements under the provisions of the Act, and the Rules
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 opinion.

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 financial year. 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 matters
described below to be the key audit matters to be communicated in our report.

Appropriateness of recognition, measurement, presentation and disclosures of revenues and other related balances in view of adoption of Ind AS 115 “Revenue from Contracts with Customers”
	1. Appropriateness of recognition, measurement, presentation and disclosures of revenues and other related balances in view of adoption of Ind AS 115 “Revenue from Contracts with Customers”
Key audit matter description	The application of the revenue accounting standard involves certain key judgments relating to identification of distinct performance obligations, determination of transaction price of the identified performance obligations, the appropriateness of the basis used to measure revenue recognized over a period. And also the required disclosure as specified by the said standard.
	We have assessed the processes adopted by the company in identifying performance obligations laid down by the company to identify the impact of adoption of the revenue accounting standard and also the revenue recognition criteria said by the company.
Principal Audit Procedures	The procedures performed included the following: • Evaluated the design of internal controls relating to implementation of the revenue accounting standard; • Review terms and conditions of continuing and new contracts on sample basis and tested the operating effectiveness of the internal control, relating to identification of the distinct performance obligations and determination of transaction price. • We have carried out procedures involving inspection and examination of evidence which include the underlying supporting documents, internal and external supporting records in respect of transactions with the customers in relation to the continuing and new contractor and • In respect of significant continuing and new contracts, we performed the following procedures: i. Read and analyzed contracts to understand terms and conditions to ascertain the distinct performance obligations in such contracts; ii. Compared such performance obligations with that identified and recorded by the Company;
	iii. Considered the terms of the contracts to determine the transaction price including any variable consideration to verify the transaction price used to compute revenue and to test the basis of estimation of the variable consideration; iv. Performed analytical procedures for reasonableness of revenues disclosed by type and service offerings.

Key Audit Matter	How the Matter was addressed in Audit
2. Trade Receivables:	Principal Audit Procedures
Refer to accounting policies for the standalone financial	For trade receivables and the management’s
statements and notes.	estimations for trade receivables impairment provision,
Net trade receivables amount to Rs. 15,077.71/-	our key audit procedures included the following:
(Rs. In thousands)	• We have reviewed on sample basis in the
	agreements and supporting evidence in respect
Trade receivables are recognized at their anticipated	of the transactions between company and its
realizable value, which is the original invoiced amount less an estimated valuation allowance.	customers. To ensure the accuracy of the transactions and balance of the trade receivables.

Valuation of trade receivables is a key audit matter in the audit due to the size of the trade receivable balance and the high level of management judgments used in determining the impairment provision.	• Reviewed significant terms and conditions of the agreement to verify the proper revenue recognition and also reviewed the terms and conditions with reference to obligations on the
	entity.
	• Reviewed the payment terms and conditions
	by the customers to ensure the completeness of the debtor’s balances and provisions against the debtors.
	• We have analyzed the ageing of trade
	receivables. The long outstanding receivables amounting to Rs. 32,956.34/- (Rs. In thousands) have been written off during the current year due to the low probability of collection.

Information other than the Standalone Financial Statements and Auditor’s Report thereon

• The Company’s Board of Directors is responsible for the other information. The other information
comprises the information included in the annual report, for example, 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. The other information as stated above is expected to be
made available to us after the date of this auditor’s report.

• Our opinion on the Standalone 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 Standalone Financial Statements, our responsibility is to read the other
information identified above when it becomes available and, in doing so, consider whether the other
information is materially inconsistent with the Standalone Financial Statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated.

• If based on the work we have performed, we conclude that there is 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 Standalone 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 Standalone Financial Statements that give a true and fair view of the
financial position, financial performance including other comprehensive income, cash flows and changes
in equity of the Company in accordance with the accounting principles generally accepted in India,
including the Indian Accounting Standards specified under section 133 of the Act.

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

In preparing the Standalone Financial Statements, the 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 the management either intends to
liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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

Auditor’s Responsibility for the Audit of the Standalone Financial Statements

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.

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 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.

• 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 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.

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

• 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.

• Evaluate the overall presentation, structure and content of the Standalone 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.

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, The Cash Flow Statement and Statement of Changes in Equity dealt with by this
Report are in agreement with the books of accounts.

d) In our opinion, the aforesaid Standalone Financial Statements comply with the Indian
Accounting Standards specified under of Section 133 of the Companies Act, 2013 read with
Rule 7 of the Companies (Accounts) Rules, 2014.

e) On the basis of the written representations received from the directors as on 31 March 2024
taken on record by the Board of Directors, none of the directors is disqualified as on 31
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 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, 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 Standalone Ind AS Financial Statements.

ii. The Company does not have any derivatives contracts. Further there are no long-term
contracts for which provisions for any material foreseeable losses is required to be
made.

iii. There has been no delay in transferring amounts, required to be transferred, to the
Investor Education and Protection Fund by the Company.

iv. (a) The Management has represented that, to the best of its knowledge and belief, no
funds(which are material either individually or in the aggregate) 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 or entity,
including foreign entity (“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 represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received
by the Company from any person or entity, including foreign entity (“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;

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

v. The company has not declared any dividend during the year.

vi. Based on our examination which included test checks, the Company has used accounting
software for maintaining its books of account for the financial year ended March 31, 2024,
which have 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.

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

2. As required by the Companies (Auditor’s Report) Order, 2020 (“The Order”), issued by the Central
Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we
give in the “Annexure-B” a statement on the matters specified in paragraphs 3 and 4 of the Order,
to the extent applicable.

For NSVR & ASSOCIATES LLP

Chartered Accountants,

Firm Reg No: 008801S/S200060

Suresh Gannamani

Partner

Membership No: 226870
UDIN: 24226870BKCTKF3851

Place: Hyderabad
Date: 30 May 2024.

---

Mar 31, 2015

We have audited the accompanying financial statements of M/s. NIHAR INFO GLOBAL LIMITED ("the Company"), which comprise the Balance Sheet as at March 31, 2015, 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

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, 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 of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors' 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 there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements.

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

Opinion

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

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2015;

(b) In the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date; and

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

Emphasis of Matter

(a) We draw your attention to Note 1.8 with respect to Investments have not been confirmed by the parties.

(b) Due to un availability of Confirmation from debtors, advances and creditors , we are unable to draw conclusion on those balances Report on Other Legal and Regulatory Requirements As required by Section 143 (3) of the Act, we report that:

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

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

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

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

(e) Based on the Written Representation received from the directors as on 31st March 2015, and taken on record by the Board of Directors, we report that none of the directors are disqualified as on 31st March,2015 from being appointed as a director in terms of Sub-section 2 of Section 164 of the Act.

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

(g) The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer clause No.vii(b) of CARO,2015 and note no.2.37 to the financial statements;

Annexure to Independent Auditors' report

(Referred to in paragraph 1 under 'Report on Other Legal and Regulatory Requirements' section of our report of even date of M/s .NIHAR INFO GLOBAL LIMITED for the year ended March 31, 2015).

i. In respect of fixed assets

(a) The company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets;

(b) As explained to us, all the fixed assets have been physically verified by the Management during the year. No material discrepancies were noticed on such verification.

ii. In respect of its inventories:

The company does not have any inventory.

iii. In respect of loans:

As informed to us, during the year the company has granted unsecured Interest free loans to one company covered in the register maintained under section 189 of the Companies Act.

The receipt of the principal amount is not due as on 31st ,March 2015.

iv. In our opinion and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the company and the nature of its business for the purchase of inventory, fixed assets and for the sale of goods & services.

v. The company has not accepted any deposits, and hence clause (v) of Companies (Auditor's Report) Order, 2015 is not applicable.

vi. Section 148(1) of the Companies Act, 2013 is not applicable as company has no manufacturing activity.

vii. a) According to the information and explanations given to us and the records produced and examined by us, in our opinion, the company is not regular in depositing undisputed statutory dues consisting of service tax, VAT,TDS ,ESI and Professional Tax; while the undisputed statutory dues under PF are paid however with delay. As explained to us, the company did not have any dues on account of Excise duty, Wealth tax and Investor Education and Protection Fund.

According to the information and explanations given to us, there are undisputed amounts payable in respect of , Income-tax, Service tax, VAT and TDS which are in arrears as at 31 March 2015 for a period more than six months from the date they became payable.

Name of the statute Nature of the dues Amount(Rs.) Period to which the amount relates

Andhra Pradesh Value Added Tax Act, 2005 Value Added Tax 6,511 2014-15

Finance Act, 1994 Service Tax 5,97,118 2014-15 & 2013-14 Income Tax Act, 1961 TDS 73,305 2014-15 & 2013-14

b) According to the information and explanations given to us, there are no dues of Income-tax, Service tax and Customs duty which have not been deposited with the appropriate authorities on account of any dispute. As informed to us, the company did not have any dues on account of Wealth tax and Excise duty.

viii. The Company does not have any accumulated losses and has not incurred cash losses in the current financial year and in the immediately preceding financial year. ix. In our opinion and according to the information and explanations given to us, as the company has not take any loan from bankers and financial institutions, this Clause is not applicable x. 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. xi. In our opinion and according to the information and explanations given to us, the Company has not taken any term loans .Hence this clause is not applicable. xii. 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 audit.

For C. RAMACHANDRAM & CO.,

Chartered accountants, FRN.002864S

(Sd/-)

C.RAMACHANDRAM

Partner

Membership No: 25834

Place: Hyderabad Date: 27/08/2015

---

Mar 31, 2014

We have audited the accompanying financial statements of M/s NIHAR INFO GLOBAL 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

The 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") read with the General Circular 15/2013 dated 13lh September 2013 of the Ministry of Corporate Affairs in respect of section 133 of the Companies Act, 2013. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors'' 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 and 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 in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31,2014;

(b) In the case of the Statement of Profit and Loss, of the Profit 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.

Emphasis of Matter

(a) We draw your attention to Note 2.8 with respect to Balances under Sundry Debtors/ claims Recoverable / Loans & Advances / Sundry Creditors / Other Liabilities / investments have not been confirmed by the parties.

(b) The Corporation is not providing for employee benefits defined under AS-15 "Retirement Benefits" issued by the ICAI. Refer note no. 2.6

Report on Other Legal and 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 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 in sub-section (3C) of Section 211 of Companies Act, 1956 read with the General Circular 15/2013 dated 13 September of the Ministry of Corporate Affairs in respect of section 133 of the Companies Act, 2013.

e) On the basis of written representations received from directors as on March 31,2014 taken on record by the Board of Directors, none of the directors is disqualified as on March 31,2014 from being appointed as a director in terms of Section 274(1)(g) of the Act..

Annexure to Independent Auditors'' report (Referred to in paragraph 1 under ''Report on Other Legal and Regulatory Requirements'' section of our report of even date of M/s .NIHAR INFO GLOBAL LIMITED for the year ended March 31,2014).

1. In respect of its fixed Assets:

a. The company has maintained proper records showing full particulars including quantitative details and situation of Fixed Assets.

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

c. According to the information and explanations given to us, the Company has not disposed off substantial part of fixed assets during the year and the going concern status of the company is not affected.

2. There is no Inventory during the period covered by our audit.

3. A. The company has not granted any loans, secured or unsecured, to Companies, firms or other parties covered in the register maintained under Section 301 of the Act. Accordingly sub clauses (b), (c) & (d) of clause 3 of this order are not applicable.

B. The company has taken unsecured loan from Four Parties listed in register maintained under Section 30 of the Companies Act. The maximum amount involved during the year was Rs.240.58Lacs and the yearend balance of such loan was Rs.240.58 Lacs.

C. The terms and conditions on which such loan has been taken are not prima facie prejudicial to the interest of the company.

D. The loan is repayable on demand and company is paying when such loan is demanded.

4. In our opinion and according to the information and explanations given to us, there is adequate internal control system commensurate with the size of the company and the nature of its business with regard to purchases, fixed assets and with regard to the sales. We have not observed any continuing failure to correct major weaknesses in internal control system.

5. In respect of transactions covered under section 301 of the Companies Act, 1956:

a. According to the information and explanations given to us, there have been no contracts or arrangements referred to in section 301 of the Companies Act, 1956 during the year to be entered in the register required to be maintained under that section. Accordingly commenting on the transactions made in pursuance of such contracts or arrangements does not arise, hence clause 5(b) is not applicable.

6. In our opinion and according to the information and explanations given to us, the company has not accepted any deposits from the public within the meaning of Section 58A and 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed there under.

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

8. Section 209(1)(d) of the Companies Act, 1956 is not applicable as company has no manufacturing activity.

9. In respect of Statutory dues:

A) According to the records, during the year, the company is not regular in depositing with appropriate authorities undisputed statutory dues including provident fund, sales tax, income tax, and service tax applicable to it and there have been substantial delays in all cases.

B) There were no undisputed amounts payable in respect of Provident Fund, Income-tax, Sales Tax, Value Added Tax, Service Tax, and other material statutory dues in arrears as at March 31,2014 for a period of more than six months from the date they became payable.

C) According to the records of the company, there was no disputed statutory dues that have not been deposited on account of the matters pending before appropriate authorities as on 31st March, 2014 except for Income tax demand of Rs. 1,24,507/- for which the company has not provided.

10. The company has accumulated losses as at March 31,2014 and it has not incurred any cash losses in the financial year ended on that date and has incurred cash losses in the immediately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayments of loans.

12. In our opinion and according to the information and explanations given to us, no loans and advances have been granted by the Company on the basis of security by way of pledge of shares, debentures and other securities.

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

14. In our opinion and according to the information and explanations given to us, the company is not dealing in or trading in shares, securities, debentures and the investments.

15. The Company has not given any bank guarantee for loans taken by others from financial institution.

16. In our opinion and according to the information and explanations given to us no term loans have been obtained by the company during the year.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we are of the opinion that funds raised on short term basis have not been used during the year for long term Investments.

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

19. The Company has not issued any debentures and hence question of creating securities or charge in respect thereof does not arises.

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

21. To the best of our knowledge and belief, and according to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year.

For C. RAMACHANDRAM & CO.,

Chartered accountants,

Firm Registration No : 002864S.

C.RAMACHANDRAM

Partner

Membership No: 025834.

Place: Hyderabad Date : 28.08.2014

---

Mar 31, 2012

1) We have audited the attached Balance Sheet of Nihar Info Global Limited, as at 31st March 2012, the Statement of Profit and Loss and also the Cash Flow Statement of the Company 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) We conducted our audit in accordance with the 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 also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting policies used and significant estimates made by Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

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

4) Further to our comments in the Annexure referred to in paragraph 3 above, we report that :

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

b) In our opinion, proper books of 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 & Loss and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub section (3C) of section 211 of the Companies Act, 1956.

e) On the basis of written representation received from the Directors, as on March 31,2012 and taken on record by the Board of Directors, we report that 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) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements read with '"Significant Accounting Policies" and Notes thereon give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India.

(i) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2012

(ii) in the case of the Statement of Profit and Loss, of the loss of the Company for the year ended on that date, and

(iii) in case of Cash Flow Statement, of the cash flows of the Company for the year ended on that date

ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE to the members of Nihar Info Global Limited on the financial statements as at and for the year ended March 31 , 2012

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

(b) The fixed assets are physically verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed. In our opinion, the frequency of verification is reasonable.

(c) In our opinion and according to the information and explanations given to us, a substantial part of fixed assets have not been disposed off by the company during the year.

2. The Company has taken an amount of Rs.98,74,546/- in the nature of interest free unsecured demand loan from two parties covered in the register maintained under section 301 of the Companies act 1956. Maximum balance outstanding during the year is Rs. 2,1 1,18,366 /- balance outstanding as on 31.03.2012 is Rs.2,1 1,18,366/-.

3. The Company has not granted/taken any loans, secured or unsecured, to /from companies, firms or other parties covered in the register maintained under section 301 of the act.

4. In our opinion and according to the information and explanations given to us, having regard to the explanation that certain items purchased are of special nature for which suitable alternative sources do not exist for obtaining comparative quotations, there is an adequate internal control system commensurate with the size of the company and the nature of its business for the purchase of fixed assets, inventory and for the sale of goods and services. Further, on the basis of our examination of the books and records of the company, and according to the information and explanations given to us, we have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control system.

5. According to the information and explanations given to us, there have been no contracts or arrangements referred to in section 301 of the act during the year to be entered in the register required to be maintained under that section. Accordingly, commenting on transactions made in pursuance of such contracts or arrangements does not arise.

6. The company has not accepted any deposits from the public within the meaning of section 58A and 58AA of the act and the rules framed there under.

7. In our opinion , the company has no internal audit system commensurate with its size and nature of its business.

8. (a) According to the records, during the year, the company is not regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees Stae Insurance, Sales Tax, Income Tax, Service Tax applicable to it and there have been substantial delays in all cases.

(b) In our opinion and according to the information and explanation given to us, the following arrears are outstanding as at 31st March 2012 for more than Six months:

Particulars Amount (Rs.)

Provident Fund Penalty 7,82,025/-

Income Tax deducted at source 47,107/-

9. The Company has accumulated losses as at 31st March 2012 and it has incurred cash losses in the financial year ended on that date and in the immediately preceding financial year also.

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

11. In our opinion, the Company is not a dealer or trader in shares, securities, debentures and other investment.

12. In our opinion and 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 during the year.

13. The company has not obtained any term loans during the year.

14. On the basis of an overall examination of the balance sheet of the company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short term basis which have been used for long term investment.

15. The Company has not made any preferential allotment of shares to parties and Companies covered in the register maintained under section 301 of the act during the year.

16. The Company has not raised any money by public issues during the year.

17. During the course of examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the management.

18. The other clauses (ii), (iii) (b), (iii)(c), (iii)(d), (iii)(f),(iii)(g),(viii),(xi),(xiii) and (xix) of paragraph 4 of the Companies (Auditor's Report) Order 2003, relating to inventory, cost records, chit fund business, change in respect of debentures as amended by the Companies(Auditor's Report)(Amendment) Order 2004 are not applicable in the case of the Company for the current year, since in our opinion there is no matter which arises to be reported in the aforesaid order.

For C. Ramchandram & Co.

Place: Hyderabad Chartered Accountants

Date: 30-08-2012 Firm Reg. No. 002864S

(Sd/-)

C. Ramchandram

Partner

Membership No.025834

---

Mar 31, 2011

1) We have audited the attached Balance Sheet of Nihar Info Global Limited, as at 31st March 2011, and the related Profit & Loss Account and Cash Flow Statement for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on these financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

2) We conducted our audit in accordance with the 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 also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting policies.

3) As required by the companies (Auditors' Report) Order 2003 as amended by the 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 of India (‘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, we give in the Annexure a statement on the matters specified in paragraphs4 and 5 of the said order. Attention is required to point 2(g) (h) (i) and (j) of schedule K of the attached balance sheet.

4) Further to our comments in the Annexure referred to in paragraph 3 above, we report that :

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

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, Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account;

d) In our opinion, the Balance sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub section (3C) of section 211 of the act.

e) On the basis of written representation received from the Directors, as on March 31,2011 from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the Act;

f) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with the notes thereon and attached thereto give in the prescribed manner the information required by the act and give a true and fair view in confirmity with the accounting principles generally accepted in India.

(i) in the case of the balance sheet, of the state of affairs of the company as at March 31, 2011

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

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

ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE to the members of Nihar Info Global Limited on the financial statements as at and for the year ended March 31, 2011

1. (a) The company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets.

(b) The fixed assets are physically verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed. In our opinion, the frequency of verification is reasonable.

(c) In our opinion and according to the information and explanations given to us, a substantial part of fixed assets has not been disposed of by the company during the year.

2. The Company has taken an amount of Rs. 96,95,163/- in the nature of interest free unsecured demand loan from two parties covered in the register maintained under section 301 of the Companies act 1956. Maximum balance outstanding during the year is Rs. 1,04,90,720/-. Balance outstanding as on 31-03-2011 is Rs. 1,01,43,820/-.

3. The Company has not granted/taken any loans, secured or unsecured, to /from companies, firms or other parties covered in the register maintained under section 301 of the act.

4. In our opinion and according to the information and explanations given to us, having regard to the explanation that certain items purchased are of special nature for which suitable alternative sources do not exist for obtaining comparative quotations, there is an adequate internal control system commensurate with the size of the company and the nature of its business for the purchase of fixed assets, inventory and for the sale of goods and services. Further, on the basis of our examination of the books and records of the company, and according to the information and explanations given to us, we have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control system.

5. According to the information and explanations given to us, there have been no contracts or arrangements referred to in section 301 of the act during the year to be entered in the register required to be maintained under that section. Accordingly, commenting on transactions made in pursuance of such contracts or arrangements does not arise.

6. The company has not accepted any deposits from the public within the meaning of section 58A and 58AA of the act and the rules framed there under.

7. In our opinion , the company has no internal audit system commensurate with its size and nature of its business.

8. (a) According to the records, during the year, the company is not regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees Stae Insurance, Sales Tax, Income Tax, Service Tax applicable to it and there have been substantial delays in all cases.

(b) In our opinion and according to the information and explanation given to us, the following arrears are outstanding for more than Six months as at 31st March 2011:

Particulars Amount (Rs.)

Provident Fund Penalty 12,63,375

Professional Tax 22,723

Income Ta x deducted at source 43,648

Service Tax 3,22,927

9. The company has accumulated losses as at 31st March 2011 and it has incurred cash losses in the financial year ended on that date and in the immediately preceding financial year also.

10. The company has working capital loan with outstanding balance of Rs. 3,41,631/- with Union Bank of India, Jubilee Hills Branch, classified as non-performing asset by the bank as provision of RBI.

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

12. In our opinion, the company is not a dealer or trader in shares, securities, debentures and other investment.

13. In our opinion and 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 during the year.

14. The company has not obtained any term loans during the year.

15. On the basis of an overall examination of the balance sheet of the company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short term basis which have been used for long term investment.

16. The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the act during the year.

17. The company has not raised any money by public issues during the year.

18. During the course of examination of the books and records of the company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the company, noticed or reported during the year, nor have we been informed of such case by the management.

19. The other clauses (ii), (iii) (b), (iii)(c), (iii)(d), (iii)(f),(iii)(g),(viii),(xi),(xiii) and (xix) of paragraph 4 of the Companies (Auditor's Report) Order 2003, relating to inventory, cost records, Chit Fund business, change in respect of debentures as amended by the Companies(Auditor's Report) (Amendment) Order 2004 are not applicable in the case of the company for the current year, since in our opinion there is no matter which arises to be reported in the aforesaid order.

For C. Ramachandram & Co. Chartered Accountants Firm Reg. No. 002864S

(Sd/-) C Ramachandram Partner Membership No.-25834

Place: Hyderabad Date: 29th August 2011

---

Mar 31, 2010

1. We have audited the attached Balance Sheet of Nihar Info Global Limited, as at March 31, 2010, and the related Profit and Loss Account and Cash Flow Statement for the year ended on that date annexed thereto, which we have signed under reference to this report. 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. We conducted our audit in accordance with the 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.

3. As required by the Companies (Auditors Report) Order, 2013, as amended by the Companies (Auditors Report) (Amendment) Order, 2004, issued by the Central Governmert of India in terms of sub-section (4A) of Section 227 of The Companies Act, 1956 of India (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, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

Attention is required to point 2(g) and (h) of schedule K of the attached balance sheet.

4. Further to our comments in the Annexure referred to in paragraph 3 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 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 account;

(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 sub- section (3C) of section 211 of the Act;

(e) On the basis of written representations received from the directors, as on March 31, 2010 and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2010 from being appointed as a director in terms of clause (g) of sub- section (1) of section 274 of the Act;

(f) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with the notes thereon and attached thereto give in the prescribed manner the information required by the Act a vi give a true and fair view in conformity with the accounting principles generally accepted in India:

(i) in the case of the Balance Sheet, of the state of affairs of the company as at March 31, 2010; (ii) in the case of the Profit and Loss Account, of the loss for the year ended on that date; and (iii) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.



ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE to the members of Nihar Info Global Limited on the financial statements as at and for the year ended March 31, 2010



1. (a) The company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets.



(b) The fixed assets are phvsicallv verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed. In our opinion, the frequency of verification is reasonable.



(c) In our opinion and according to the information and explanations given to us, a substantia] part of fixed assets has not been disposed of by the company during the year.



2. The company has taken interest free unsecured demand loan from one party covered in the register maintained under section 301 of the companies act. The terms & conditions are prime faces, not prejudicial to the interest of the comnany and shareholders.

3. The company has not granted/taken any loans, secured or unsecured, to/from companies, firms or other parties covered in the register maintained under Section 301 of the Act.

4. In our opinion and according to the information and explanations given to us, having regard to the explanation that certain items purchased are of special nature for which suitable alternative sources do not exist for obtaining comparative quotations, there is an adequate internal control system commensurate with the size of the company and the nature of its business for the purchase of fixed assets, inventory and for the sale of goods and services. Further, on the basis of our examination of the books and records of the company, and according to the information and explanations given to us, we have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control system.

5. According to the information and explanations given to us, there have been no contracts or arrangements referred to in Section 301 of the Act during the year to be entered in the register required to be maintained under that section. Accordingly, commenting on transactions made in pursuance of such contracts or arrangements does not arise.

6. The company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and the rules framed there under.

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

8. (a) According to the records, during the year, the company i$ not regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Sales Tax, Income-tax, Service Tax, applicable to it and there have been substantial delays in all cases. (b) In our opinion and according to the information and explanations given to us, the following arrears are outstanding as at 31st March,2010 for a period of more than six months from the date they became payable except P.T.



Particulars. Amount /.Rs,

Provident Fund Penalty 1713375/-

Provident Fund 196808/-

Professional Tax 193278/-

Income tax deducted at source 42307/-

Service Tax 1381103/-



9. The company has been registered for a period of not less than five years, its accumulated losses at the end of the financial year are more than 50% of its net worth and it has incurred cash losses in the financialyear 2009-10 and in the immediate preceding financial year 2008-09.

10. The company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

11. The Company has defaulted in repayment of dues to Union Bank of India amounting Rupees 5,147,331 which became due on 31.032010.

12. In our opinion, the company is not a dealer or trader in shares, securities, debentures and other investments.

13. In our opinion and 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 during the year.

14. The companv has not obtained any term loans during the year.

15. On the basis of an overall examination of the balance sheet of the company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short-term basis which have been used for long-term investment.

16. The company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Act during the year.

17. The company has not raised any money by public issues during the year.

18. During the course of examination of the books and records of the company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the company, noticed or reported during the year, nor have we been informed of such case by the management.

19. The other clauses {ii), (iii) (b), (iii)(c), (iii)(d), (iii)(f), (iii)(g), (viii), (xi), (xiii), and (xix) of paragraph 4 of the Companies {Auditors Report) Order 2003, as amended by the Companies (Auditors Report) (Amendment) Order, 2004 are not applicable in the case of the company for the current year, since in our opinion there is no matter which arises to be reported in the aforesaid order.



For C. Ramachandram & Co Chartered Accountants Firm Reg. No. 002864S

(Sd/-)

C. Ramachandram Partner Membership No - 25834

Place : Hyderabad. Date : 0109.2010