Jaihind Synthetics Ltd.की ऑडीटर रिपोर्ट

Mar 31, 2025

1. We have (a) audited standalone financial results JAIHIND SYNTHETICS LIMITED (the
"Company") for the year ended March 31, 2025 and (b) audited standalone financial results
for the quarter ended March 31, 2025 included in the accompanying Statement of
Standalone Financial Results ("the Statement"), being submitted by the Company pursuant
to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended ("the Listing Regulations").

(a) Opinion on Financial Results for the year ended March 31, 2025

In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid standalone financial results:

i) are presented in accordance with the requirements of Regulation 33 of the
Listing Regulations in this regard; and

ii) give a true and fair view in conformity with the recognition and measurement
principles laid down in the applicable accounting standards prescribed under
Section 133 of the Companies Act, 2013 (the "Act") and other accounting
principles generally accepted in India, of net profit and other comprehensive
income and other financial information of the Company for the year ended
March 31, 2025.

(b) Conclusion on Audited Standalone Financial Results for the quarter ended March 31,
2025

With respect to the standalone financial results for the quarter ended March 31, 2025, based
on our review conducted as stated In paragraph (b) of Auditor''s Responsibilities section
below, nothing has come to our attention that causes us to believe that the accompanying
statement of audited standalone financial results for the quarter ended March 31, 2025,
prepared in accordance with applicable accounting standards and other recognized
accounting practices and policies has not disclosed the information required to be disclosed
in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it
contains any material misstatement.

Basis for Opinion on the Audited Standalone Financial Results for the year ended
March 31,2025

We conducted our audit in accordance with the Standards on Auditing (15As") specified
under

Section 143(10) of the Companies Act, 2013 (lithe Act"). Our responsibilities under those
Standards are further described in paragraph (a) of Auditor''s Responsibilities section below.
We are independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India (lithe ICAI") together with the ethical requirements
that are relevant to our audit of the Standalone Financial Results for the year ended March
31, 2025 under the provisions of the Act and the Rules thereunder, and we have other
ethical responsibilities in accordance with these requirements and the ICAl''s Code of Ethics.
We believe that. the audit evidence obtained by us is sufficient and appropriate to provide a
basis

for our audit opinion.

Management''s Responsibilities for the Statement

This Statement which includes the Standalone Financial Results is the responsibility of the
Company''s Board of Directors and has been approved by them for the issuance. The
Standalone Financial Results for the year ended March 3l, 2025 has been compiled from the
related audited standalone financial statements. This responsibility includes the preparation
and presentation of the Standalone Financial Results for the quarter and year ended March
31, 2025 that give a true and fair view of the net profit and other comprehensive income and
other financial information in accordance with the recognition and measurement principles
laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read
with relevant rules issued thereunder and other accounting principles generally accepted in
India and in compliance with Regulation 33 of the Listing Regulations.

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
the design, implementation and maintenance of adequate internal financial controls that
were operating effectively for ensuring the accuracy and completeness of the account ng
records, relevant to the preparation and presentation of the Standalone Financial Results
that give a true and fair view and is free from material misstatement, whether due to fraud or
error.

In preparing the Standalone Financial Results the Board of Directors are responsible for
assessing the Company''s ability, to continue as d going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless the
Board of Directors either intends to liquidate the Company or ''co cease operations, or has no
realistic alternative but to do so.

The Board of Directors are responsible for overseeing the financial reporting process of the
Company

Auditor''s Responsibilities

(a) Audit of the Standalone Financial Results for the year ended March 31, 2025

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

Results for the year ended March 31, 2025 as a whole is 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 this Standalone Financial Results.

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 Annual Standalone Financial
Results 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
omissio"1s, 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, but not for the purpose of expressing
an opinion on the effectiveness of the Company''s internal control.

• Evaluate the appropriateness of accounting. policies used and the reasonableness of
accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of
Directors in terms of the requirements specified under Regulation 33 of the Listing
Regulations.

• Conclude on the appropriateness of the Board of Directors'' 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 ability of the Company
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 Statement
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 Annual Standalone Financial
Results, including the disclosures, and whether the Annual Standalone Financial Results
represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial
Results of the Company to express an opinion on the Annual Standalone Financial Results.
Materiality is the magnitude of misstatements in the Annual Standalone Financial Results
that, individually or in aggregate, makes it probable that the economic decisions of a
reasonably knowledgeable user of the Annual Standalone Financial Results 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 Annual Standalone Financial Results.

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.

(b) Review of the Standalone Financial Results for the quarter ended March 31,2025

We conducted our review of the Standalone Financial Results for the quarter ended March
31, 2025 in accordance with the Standard on Review Engagements ("SRE") 2410 ''Review of
Interim Financial Information Performed by the Independent Auditor of the Entity'', issued by
the ICAI. A review of interim financial information consists of making inquiries, primarily of
the Company''s personnel responsible for financial and accounting matters, and applying
analytical and other review procedures, A review is substantially less in scope than an audit
conducted in accordance with SAs specified under section 143(10) of the Act and
consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not express an
audit opinion.

Other Matters

• The Statement includes the results for the Quarter ended March 31, 2025 being the
balancing figure between audited figure in respect of the full financial year and the published
year to date figures up to the third quarter of the current financial year which were subject to
limited review by us.

• Our report on the statement is not modified in respect of these matters.

Auditors signing & Details

For PSV Jain & Associates
Chartered Accountants
FRN 131505W

CA Dularesh Kumar Jain

Partner

M. No 137264

Date: May 30, 2025

UDIN NO: 25137264BMICBW5612

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Mar 31, 2015

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2015 and the Profit & Loss Account 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.

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

We report as follows:

l) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books;

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 21 l(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 31st March, 2015 from being appointed as a Director in terms of Clause (g) of sub section (l) of Section 27-1 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 accounts read together with the notes give the information required by the Companies Act, 1956 and 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 31st March, 2015, and

ii) In the case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Re : JAIHIND SYNTHETICS LIMITED.

Referred to in point no. 1 of our report of even date.

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

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of:

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock;

does not arise.

iii. The company has not taken any loans party listed in the register maintained under section 301 of the Act,

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be

entered into, a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakhs rupees in respect of any party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise.

vi. The company has not accepted any deposits from the public.

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

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209 (l) (d) of the Companies Act, 1956 in relation to the company's business activities,

ix. (a) The company is regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at 31st March 2014, for a period of more than 6 months from the date they became payable..

(c) According to the information & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and but has not incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

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.

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

xiv. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

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

xvi. The company has not availed of any term loans, hence the question of it being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

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

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year.

For Jai Prakash Upadhayay & Co., Chartered Accountants Firm Registration No.125073w

Jai Prakash Upadhayay Proprietor Place: Mumbai Date : 30.05.2015

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Mar 31, 2014

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2014 and the Profit & Loss Account for the year ended on that date annexed thereto. These financial statements arc the responsibility of the company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

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

We report as follows:

1) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books,

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 31st March, 2011 from being appointed as a Director in terms of Clause (g) of sub section (I) of Section 274 of the Companies Act, 1050,

f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with the notes give the information required by the Companies Act, 1956 and in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: i)

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

ii) In the case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Re : JAIHIND SYNTHETICS LIMITED.

Referred to in point no. 1 of our report of even date.

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

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification,

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock,

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock, does not arise.

iii. The company has taken loans, from one party listed in the register maintained under section 301 of the Act, aggregating to Rs. 31,000/-(Rupees Thirty One Thousand Only). The terms and conditions on which loans have been taken by the company are not, prima-facic, prejudicial to the interest of the company.

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of Inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakhs rupees in respect of any party during the financial year and he nee the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise.

vi. The company has not accepted any deposits from the public.

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

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 in relation to the company's business activities.

ix. (a) The company is regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at 31st March 2014, for a period of more than 6 months from the date they became payable.

(c) According to the information & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and but has not incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

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.

xiii. In our opinion, the Company is not a chit fund or a nidhi/mutual benefit fund/society, Therefore the provisions of clause 4(xiii) of the Companies (Auditor's Report) Order, 2005 are not applicable to the Company,

xiv. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

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

xvi. The company has not availed of any term loans, hence the question of it being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section SOJ of the Act.

xix. The company has not issued any debentures.

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

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year

For Jai Prakash Upadhayay & Co., Chartered Accountants Firm Registration No.

Jai Prakash Upadhayay Proprietor Place; Mumbai Date : 15.05.2014

---

Mar 31, 2012

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2013 and the Profit & Loss Account for the year ended on that date annexed thereto. These fananual statements are the responsibility of the . ompany''s management. Our responsibility is to opinion on these financial statements on our audit.

we Condited our audit in aceodance auding sateating sateang acted inindia those standards reuire that we plan and perform the audit to obtion re assurane about wthere the financeal basis evidance the missteted finaceal stied by mangenagemnt as well evessing audit in accordance with auditing standards generally accepted in India.

Financial statements are free of material misstatement. An audit includes examining on a test evidence. suppo rtmg the amounts and disclosures in the financial statements. An audit also drtlvaiuar by management, as

we enclose in thp statement on the matters specified in paragraphs & of the said order. Annexme our comments in the Annexure referred to above, we state that

a, wve have obtained all the information and explanations, which to the best of our knowledge and behef were necessary for the purposes of our audit;

b) In our Opinon bookks account as required by have law been kept by the Company so far as appears from our examinan of the thouse books.

c) the Balnace Sheet and profit and loss Account Company with the Accounting referred to in this report are in ageement with the books of account

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 21 i(3C) of the Companies Act, 195C Accounting

e) on the Basis of the writhe report recetive from Director of the CompANY and taken on record by Bord of Director we Report that mone of the Director diquation as 31st March 2012 from being appoint as a Directorterman Clause (g) sub secetion Company (1956)

f) In our opinion and to the best of our Information and according- to the explanations given to us, the said accounts read together with the notes give the''information required by the Companies Act, 1956 and m 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 31st March 2012, and '' " ''

ii) In the case of the Profit and Loss Account of the Profit of the Company for the year ended on that date.

ANNEXURE forming part of Audit Report

Referred to in point no. 1 of our report of even date.

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

(b) The Fixed assets have been physically verified by the management at reasonable intervals. We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances the question of

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks''and book records-

(d) Verification and Valuation of stock; does not arise.

hi. The company has taken loans, from Four parties listed in the register maintained under section 01 of the Act, aggregating to Rs. s, 97,000/-(Rupees Three Lakh Ninety Seven Thousand

Only). 1 he terms and conditions on which loans have been taken by the company are not. prima- facie, prejudicial to the interest of the company. ''

iv. In our opinion there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale or goods.

(a) To the information & explanations given to us, the transactions that need to be entered into a register m pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five Par the flnancial year and hen" the the easonableness of prices having regard to the prevailing market prices at the relevant tune does not arise.

vi. The company has not accepted any deposits from the public.

Vi with its size and riatuie or its business.

viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section (1) fd) of the Companies Act, 1,956 in relation to the company''s business activities.

a) company is regular in depositing undisputed statutory dues including Provident Fund Investor Education and Protection Fund, Employees'' State Insurance, Income-tax, Sales-tax'' Wealth lax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cess were in arrears, as at si* March £012, for a period of more than 6 months from the date they became payable. J

(c) According to the information & explanations given to us, there are no dues ,of Income-tax bales-tax Wealth 1 ax, Custom Duty, Excise Duty and cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and has incurred cash loss in the previous financial year.

x. According to the oiformation & explanations given to us, the company has not taken a:ny loans from jinancial institution csf banks, hence the question of repayment of dues to financial institution & banks does not arise

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

xiii. In our opinion, the Company is not a chit fund or a mdhi/mutual benefit fund/society. Therefore Order, 2003 are not applicable to the Company. securities, debentures and the securities stands m the name of the company does not arise.

xviir te company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

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

xxi. Based on the checks carried out by us, any fraud on or bv the company has not been noticed or reported during the year.

For Jai Prakash Upadhayay & Co.,

Chartered Accountants

Firm Registration No. 125073W

Jai-Prakash Upadhayay

Proprietor

Place: Mumbai

Date :30.06.2012

---

Mar 31, 2011

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2011 and the Profit & Loss Account 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 theses financial statements based on our audit.

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

We report as follows:

1) As required by the Companies (Auditors' Report) Order, 2003 issued by the Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the Annexure referred to above, we state 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 these books;

c) The Balance Sheet and the Profit and Loss Account referred to in this report are in agreement with the books of account;

d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3C) of the Companies Act, 1956;

e) On the basis of the written representations received from the Directors of the Company and taken on record by the Board of Directors, we report that none of the Directors is disqualified as at 31st March, 2011 from being appointed as a Director in terms of Clause (g) of sub section (1) of Section 274 of the Companies Act, 1956;

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2011,

ii) Into. case of the Profit and Loss Account, of the Profit of the Company for the year ended on that date. Referred to in point no. 1 of our report of even date.

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

(b) The Fixed assets have been physically verified by the management at reasonableness intervals We have been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii. The company does not possess stock in trade of any kind whatsoever. Under these circumstances the question to: '

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records'

(d) Verification and Valuation of stock; Does not arise.

iv. In our opinion there are adequate internal control procedures commensurate with the size of the sale of goods business' the Purchase of inventory and fixed assets and for the

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five Party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at the relevant time does not arise,

vi. The company has not accepted any deposits from the public.

vii. company has an internal audit system commensurate with its size and nature of central Government has not Prescribed any cost records pursuant to the rules made for the act under section 209 (1) (d) of the companies Act 1956 relation to the business activities.

Viii. The Central Government has not prescribed any cost records pursuant to the rules made for the maintenance of cost records under section 209(1) (d) of the companies Act, 1956 in relation to the Company's business activities.

IX(a) the company is regular undisputed statutory dues including Provident Fund Investor education and protection Fund- Employees' State Insurance, Income-tax, Sales-tax' excise duty custom duty, cesss and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and Cess were in arrears, as at 31st March 2011, for a period of more than 6 months from the date they became payable.

(c) According to the information & explanations given to us, there are no dues of Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and Cess which have not been deposited on account of any dispute.

x. At the end of the financial year, the Company has accumulated losses and has incurred cash loss in the previous financial year.

xi. According to the information & explanations given to us, the company has not taken any bans from financial institution & banks, hence the question of repayment of dues to financial institution & banks does not arise

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.

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

xiv. In our opinion, the Company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, debentures and the securities stands in the name of the company does not arise.

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

xvi. The company has not availed of any term loans, hence the question of if being applying for the purpose for which it is obtained does not arise.

xvii. On an overall basis, the funds raised on short-term basis have, prima facie, not been used for long term investment and vice versa.

xviii. The company has not made preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act.

xix. The company has not issued any debentures.

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

xxi. Based on the checks carried out by us, any fraud on or by the company has not been noticed or reported during the year.

FOR JAI PRAKASH UPADHY &co charted accounts

Place: Mumbai

Date : 14. 05. 2011 JAI PRAKASH UPADHAYMV (Proprietor) M. NO. 116778

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Mar 31, 2010

We have audited the attached Balance Sheet of JAIHIND SYNTHETICS LIMITED as at 31st March 2010 and the Profit & Loss Account for the Year ended on that date annexed thereto. These financial statement are the responsibility of the Company's Our responsibility is to express an opinion on theses financial statements based on our audit.

We conducted our audit in accordance with auditing generally accepted in India. these standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principal used and significant estimates madden by management , as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

We report as follows:

1) As required by the companies (Auditors' Report) Ordre,2003 issued by the Central Government of India in terms of Section 227 (4A) of the companies Act. 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said order.

2) Further to our comments in the annexure referred to above. we state that

a) We have obtained ail the information and explanations ,while 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 these books;

c) The Balance Sheet and the Profit and Loss Account referee to in this report are in agreement With the books of account; d) In our opinion the Balance Sheet and the Profit & Loss Account comply with the Accounting Standards referred with in Section 211(3c) of the companies Act,1956;

e) On the basis of the women representations received from the Directors of the Company and taken on record by the Board of Directors we report that none of the Directors is disqualified as at 31st March 2010 from being appointed as a Director in terms of Clause (g) of sub 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 accounts read together with the notes give the information required by the companies Act,1956 and 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 Company as at 31st March,2010 and

ii) In the case of the Profit and Loss Account. of the Company for the year ended on that date.

ANNEXURE

RE:JAIHIND SYNTHETICS LIMITED

Referred to in point no.1 of our report of even date.

i. (a) The company has maintained proper records showing particulars, including quantitative details and situation of fixed assets.

(b) The Fixed assets have been Physically verified by the management at reasonableness intervals. We aver been informed that no material discrepancies were noticed on such verification.

(c) Substantial part of fixed assets has not been disposed off during the year.

ii, The company does not possess stock in trade of any kind whatsoever. Under these circumstances, the question of:

(a) Physical Verification of stocks;

(b) Procedure for physical verification of stock;

(c) Discrepancies between physical verification of stocks and book records;

(d) Verification and Valuation of stock;

Does not arise.

iii. The company has taken loans, from Four parties listed in the register maintained under section 301 of the Act, aggregating to Rs.1.44.000/-(Rupees One Laky Forty Four Thousand Only). The terms and conditions on which loans have been taken by the company are not, prima-facie prejudicial to the interest of the company.

iv. In our opinion, there are adequate internal control procedures commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods.

v. (a) According to the information & explanations given to us, the transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered.

(b) In our opinion, The Company has not entered into any transactions exceeding the value of five lakes rupees in respect of any party during the financial year and hence the question of verifying the reasonableness of prices having regard to the prevailing market prices at relevant time does not arise. vii. The company has not accepted any deposits from the public.

viii. The Central Government has not prescribed any cost records pursuant to the made for the maintenance of cost records under section 209 (1) (d)of the companies Act, 1956 in relation to the company' business activities.

ix. (a) The company is regular in depositing undisputed statutory dues including provident Fund, investor Education and protection Fund Employees' State insurance, invoke-tax, Sales-tax, Wait Tax, custom duty, Excise duty, cuss and any other statutory dues with the appropriate authorities wherever applicable.

(b) According to the information & explanations given to us, no undisputed amounts payable in respect of income-tax, Sales-tax, Wealth-tax, custom Duty, Excise Duty and cuss were in. arrears, as at 31st March 2010, for a period of more than 6 months from the date they became payable.

(C) According to the information & explanation given to us, there are no dues of income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty and cuss which have not been deposited on account of any dispute.

x. At the end of the financial year, the company has accumulated losses and has incurred cash loss in the previous financial year. xi. According to the information & explanation s given tom us, the company has not taken any loans from financial institution & banks, hence the question of repayment of dues to financial institute on & banks does not arise.

xii. The company has not granted an y loans and advances on the basis of security by way of pledge provisions of clause 4(xiii) of the companies (Auditor's report) Order, 2003 are not applicable to the company.

xiii. In our opinion. the company is not a chit fund or a niche/mutual benefit fund/society. therefore the provisions of clause 4(xiii) of the companies (Auditor's report) order,2003 are not applicable to the company.

xiv. In our opinion, the company does not have dealing in shares, hence the question of maintaining proper records of dealing in or trading in shares, securities, decanters and the securities stands in the name of the company does not arise.

xv. the company has given any guarantee for loans taken by others bank or financial intuitions.

xvi. The Company has not availed of any term loons hence the question of it being applying for the purpose for Which it is obtained not aeries.

xvii. On an overall basis, the not funds raised on short-term basis have, prima facie, not been used for long term investment and vice verse.

xviii. the company has not made preferential allotment of shares to parties and Companies Covered in the Register maintained under Section 301 of the Act

xix. The Company has not issued any debentures. xx. The Company has not raised money by public issues during the year.

xxi. Based on the checks carried out us or by the any fraud on or by the Company has not been noticed or reported during the year.

FOR JAI PARKASH UPADHYAY & CO

Chartered Accountants

Place: Mumbai

Date: 30.06.2010 JAI PRAKASH UPADHAYAY

(Proprietor)

M.NO. 116778