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Orient Tradelink Ltd.की ऑडीटर रिपोर्ट

Mar 31, 2025

Orient Tradelink Limited

Report on the Standalone Financial Statements

Opinion

We have audited the accompanying standalone financial statements of M/s Orient Tradelink Limited (âthe companyâ) which comprises the Balance Sheet as at March 31, 2025, the statement of Profit and Loss account and statement of cash flows for the year the ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information (herein referred to as âthe Financial Statements).

In our opinion and to the best of our information and according to the explanations given to us, except to the effects of the matters described in the Paragraphs mentioned below, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025, and its profit and its cash flows for the year ended on that date.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SAâs) specified under Section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditorâs Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Following are our observations:

a) The company had delayed in filing of GST Returns, no provision had been made for the interest on delayed payments. Further the inputs has not been reversed for non payment to vendors within 180 days as per section 16(2) of the CGST Act.

Further the company is in non-compliance of Rule 36(4) of CGST Rules, 2017, and has claimed ITC more than the available ITC in GSTR 2A/2B.

b) The company had not complied with provisions of TDS Laws and has neither deposited the TDS Deducted nor filed the returns. Further no provisions has been made for the late payment charges and interest for delayed payments and noncompliance.

c) Inventory, balance of debtors, creditors, Balance of Security Deposit and valuation of Intangible Assets and their amortisation there off reported in Financial Statements is as certified by the management.

d) E Invoicing under CGST Act, 2017 is applicable on the Company, but the company has not been generating invoices through E-Invoicing Portal.

e) As on the date of this report, Internal Audit Report and Report on Internal Financial Control are not available for verification.

How the emphasis of matters is addressed in our Audit

Our audit procedures on key matters includes the following:

a) Obtained the outstanding litigations list as compared to the previous year. Enquired and obtained explanations for movement in litigations during the year.

b) Inquired with management regarding the status of significant litigations and claimes including obtaining legal team views on the likely outcome of each litigations and claims and the magnitude of potential exposure.

c) Examined the Companyâs legal expenses and read the minutes if Board meetings, to evaluate the completeness if list of the open litigations.

d) Read the latest correspondence between the Company and tax/legal authorities and reviewed legal opinions obtained by management, where applicable, for significant matters and considered the same in evaluating the appropriateness of the Companyâs provisions or disclosure of contingent liabilities.

e) With respect to the tax and non-tax matters, we evaluated Managementâs decisions and rationale for provisions established or disclosure made for contingent liabilities.

Information other than the financial statements and auditorsâ report thereon

The Companyâs board of directors is responsible for the preparation of the other information. The other information comprises the information included in the Boardâs Report including Annexure to Boardâs Report, Business Responsibility Report but does not include the financial statements and our auditorâs report thereon. The Board Report is expected to be made available to us after the date of this Audit Report.

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

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

If, based on the work we have performed, we conclude that there is a no material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Responsibility of Management for the Standalone Financial Statements

The Companyâs Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (âthe Actâ) with respect to the preparation of these standalone 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. 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 implementation and maintenance of 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 statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

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

That Board of Directors are also responsible for overseeing the companyâs financial reporting process.

Auditorsâ Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an

auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

â¢ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

â¢ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

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

â¢ Conclude on the appropriateness of managementâs 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 Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Company to cease to continue as a going concern.

â¢ Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs 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 the Companies (Auditorâs Report) Order, 2020 (âthe Orderâ), as amended, issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the âAnnexure Bâ a statement on the matters specified in paragraphs 3 and 4 of the Order.

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

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

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

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

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

e) On the basis of the written representations received from the directors as on 31st March, 2025 taken on record by the Board of Directors, none of the directors is disqualified as on 31st 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 âAnnexure Aâ. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Companyâs internal financial controls over financial reporting.

g) With respect to the other matters to be included in the Auditorâs Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014,

as amended, in our opinion and to the best of our information and according to

the explanations given to us:

1) The Company have certain pending litigations which may impact its financial position.

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

3) There were no amount which required to be transferred by the company to the Investor Education and Protection Fund.

4) i) The management has represented that, to the best of its knowledge and belief, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person or entity, including foreign entities (âintermediariesâ) with the understanding, whether recorded in writing or otherwise, that the intermediary shall, whether directly or indirectly lend or invest in other person or entity identified in any manner whatsoever by or behalf of the company (âultimate beneficiariesâ) or provide any guarantee, security or the like on behalf of the Ultimate beneficiaries.

ii) The management has represented, that, to the best of its knowledge and belief, no funds have been received by the company from any person or entity including foreign entities(âFunding Partiesâ) with the understanding, whether recorded in writing or otherwise, that the company shall, whether directly or indirectly, lend or invest in other person or entity identified in any manner whatsoever by or behalf of the Funding Party (âUltimate Beneficiariesâ) or provide any guarantee, security or the like on behalf of the ultimate beneficiaries; and

iii) Based on such audit procedures that were considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that representations under sub clause (i) and (ii) contain any material mis-statement.

5) The Company has neither declared nor paid any dividend during the year.

6) Based on our examination which included test checks, the company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) but the same has not been operative for all relevant transactions recorded in the software during the year.

3. With respect to the matter to be included in the Auditorsâ Report under section 197(16):

In our opinion and according to the information and explanations given to us, the remuneration paid by the Company to its directors during the current year is in accordance with the provisions of Section 197 of the Act. The remuneration paid to any director is not in excess of the limit laid down under Section 197 of the Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) which are required to be commented upon by us.

Mar 31, 2024

We have audited the accompanying standalone financial statements of M/s Orient Tradelink Limited (âthe companyâ) which comprises the Balance Sheet as at March 31, 2024, the statement of Profit and Loss account and statement of cash flows for the year the ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information (herein referred to as âthe Financial Statements).

In our opinion and to the best of our information and according to the explanations given to us, except to the effects of the matters described in the Paragraphs mentioned below, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2024, and its profit and its cash flows for the year ended on that date.

Basis of Opinion

Emphasis of Matter

b) The company had not complied with provisions of TDS Laws and no provisions had been made for the late payment charges and interest for delayed payments and non-compliance.

d) E Invoicing under CGST Act, 2017 is applicable on the Company, but the company has not been generating invoices through E-Invoicing Portal.

How the emphasis of matters is addressed in our Audit

Our audit procedures on key matters includes the following:

a) Obtained the outstanding litigations list as compared to the previous year. Enquired and obtained explanations for movement in litigations during the year.

c) Examined the Companyâs legal expenses and read the minutes if Board meetings, to evaluate the completeness if list of the open litigations.

e) With respect to the tax matters, we involved tax specialists to evaluate the significant cases and the technical grounds for Managementâs conclusions on the provisions or disclosures of contingent liabilities.

f) For non-tax matters, we evaluated Managementâs decisions and rationale for provisions established or disclosure made for contingent liabilities.

Information other than the financial statements and auditorsâ report thereon

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

If, based on the work we have performed, we conclude that there is a no material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Responsibility of Management for the Standalone Financial Statements

That Board of Directors are also responsible for overseeing the companyâs financial reporting process.

Auditorsâ Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs 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.

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

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

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 financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs 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

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

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

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

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

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

e) On the basis of the written representations received from the directors as on 31st March, 2024 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2023 from being appointed as a director in terms of Section 164 (2) of the Act;

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

1) The Company have certain pending litigations which may impact its financial position.

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

3) There were no amount which required to be transferred by the company to the Investor Education and Protection Fund.

5) The Company has neither declared nor paid any dividend during the year.

3. With respect to the matter to be included in the Auditorsâ Report under section 197(16):

Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) which are required to be commented upon by us.

4. This report includes a statement on the matters specified in paragraphs 3 & 4 of the Companies (Auditorâs Report) Order, 2020, issued by the Central Government in terms of sectionl43(l 1) of the Companies Act, 2013, as Annexure B.

For SCAN & Company Chartered Accountants FRN-113954W

CA Vanin Agarwal Partner M. No. 507056 Place: New Delhi Date: 30.05.2024

UDIN: 24507056BKHJKB1305

Mar 31, 2018

Report on the Financial Statements

We have audited the accompanying financial statements of Orient Tradelink Limited(âthe Companyâ), which comprise the Balance Sheet as at 31st March, 2018, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

Managementâs Responsibility for the Financial Statements

The Companyâs Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (âthe Actâ) 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 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.

Auditorsâ 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 have conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material 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 auditorâs 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 Companyâs 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 Companyâs 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:

(i) In case of balance sheet of the state of affairs of the Company as at 31st March, 2018

(ii) In case of the statement of profit and loss of the profit of the Company for the year ended on that date and

(iii) In case of statement cash flows, cash flows of the company for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditorâs Report) Order, 2015 (âthe Orderâ) issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2015, we give a statement on the matters specified in paragraphs 3 & 4 of the Order refer âAnnexure - âAâ.

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

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

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

(c) The Balance Sheet, the Statement of Profit and Loss, and 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 of the Companies (Accounts) Rules, 2O14.

(e) On the basis of the written representations received from the directors as on 31 March, 2018 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March, 2018 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 âAnnexure Bâ.

(g) With respect to the other matters to be included in the Auditorâs Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2O14, in our opinion and to the best of our information and according to the explanations given to us:

i. As informed by the management, the company does not have any pending litigations which would impact its financial position.

ii. As informed by the management, the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii. There has not been any amount which is required to be transferred to the Investor Education and Protection Fund by the Company.

âANNEXURE - Aâ REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING OF âREPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS OF OUR REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF ORIENT TRADELINK LIMITED

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

(b) As explained to us, these fixed assets have been physically verified by the management at reasonable intervals during the year. No material discrepancies were noticed on such verification.

(C) According to information & explanations given to us and on the basis of examination of the books of accounts, the company does not have immovable properties. Thus paragraph 3 (i) (c) is not applicable

II. On the basis of information & explanations obtained, the stocks of finished goods, stores spare parts and raw materials have been physically verified by the management at reasonable intervals during/at the end of the year

(b) we are unable to comment upon, the discrepancies noticed on such verification of stocks as compared to book records, in absence of proper records.

III. According to information & explanations given to us, and on the basis of our examination of books of accounts, forms & registers, the company has not granted any loans, Secured or unsecured loan to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under Section 189 of the Companies Act, 2013. Accordingly, the provisions of clause 3 (iii) (a) to (c) of the order are not applicable to the company and hence not commented upon.

IV. According to information & explanations given to us, and on the basis of our examination of books of accounts, forms & registers the Company has not given any loan or made any investments, guarantee to its director or in any other in the company. The provisions of section 185 & 186 of the Companies Act, 2013, are not applicable to the company. Hence, clause (iv) para 3 of caro is not applicable.

V. During the year, the company has not accepted any deposits from the public durng the year. Accordingly the provisions of clause (v) para 3 of the order is not applicable to the company and hence not commented upon.

VI. The company is not required to maintain cost accounting records under sub Section (1) of section 148 of the Companies Act, 2013.

VII. (a) According to the records of the company is not regular in depositing its undisputed statutory dues.

(b) According to the information and explanations given to us, there are no undisputed amounts payable In respect of provident fund, ESI, Income tax, wealth tax, sales tax customs duty & excise duty, value added tax cess and other statutory dues outstanding for a period of more than six months as at 31^st March, 2018 from the date they become payable.

VIII. On the basis of the verification of records and information and explanations given by the management, the company has not defaulted in repayment of dues to financial institutions and banks.

IX. Based upon the audit procedures and the information and explanations given by the management , the Company has not raised money by way of initial public offer or further public offer including debt instruments and term loans. Accordingly, the provisions of clause 3 (ix) of the order is not applicable to the company and hence not commented upon.

X. Based upon the audit procedures performed and the information and explanations given by the management, we report that no fraud by the Company or on the company by ts officers or employees has been noticed or reported during the year.

XI. According to the information and explanations given to us and records of the company examined by us, the manegrial has been paid / provided in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Companies Act, 2013.

XII. In our opinion and According to the information and explanations given to us, the company is not a Nidhi Company. Therefore provisions of clause 3 (xii) of the order are not applicable to the company.

XIII. According to the information and explanations given to us, written representations obtained nad records of the company examined by us all transactions with related parties are in compliance with section 177 & 188 of the Companies Act, 2013.

XIV. The company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Accordingly, the provisions of clause 3 (xiv) of the order are not applicable to the company and hence not commented upon.

XV. Based upon the audit procedures and as per the information and explanations given by the management, As per the information and explanations given by the management, the company has not entered into any non-cash transaction with directors or persons connected with him. Accordingly, the provisions of clause 3 (xv) of the order are not applicable to the company and hence not commented upon

XVI. In our opinion the company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly the provisions of clause 3 (xvi) of the order are not applicable to the company and hence not commented upon.

âANNEXURE-B REFERRED TO IN PARAGRAPH 2 UNDER THE HEADING âREPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTSâ OF OURREPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF ORIENT TRADELINK LIMITED. Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (âthe Actâ)

We have audited the internal financial controls over financial reporting of ORIENT TRADELINK LIMITED (âthe Companyâ) as of 31^st March, 2018 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Managementâs Responsibility for Internal Financial Controls

The Companyâs management is responsible for establishing and maintaining internal financial controls based on âthe internal control over financial reportingâ criteria established by the Company considering the essential components of internal control stated in the Guidance Note on âAudit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of Indiaâ. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to companyâs policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditorsâ Responsibility

Our responsibility is to express an opinion on the Companyâs internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the âGuidance Noteâ) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditorâs judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companyâs internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A companyâs internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A companyâs internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the companyâs assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31^st March, 2018, based on âthe internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of Indiaâ.

For MITTAL NIRBHAY & CO.

Chartered Accountants

FRN:013097c

Sd/-

Kamal Kumar

Partner

Membership No. 502549

Place: New Delhi

Date: May 29, 2018

Mar 31, 2014

1 We have audited the accompanying financial statements of the M/S ORIENT TRADELINK LIMITED ("the Company"), which comprise the Balance Sheet as at 31st March, 2014 and the Statement of Profit and Loss for the year then ended and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

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

Auditors Responsibility

3 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 materia! misstatement.

4. 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 judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor , considers internal control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounttrwr policies used and the reasonableness of the accounting estimates made by managerfleilii^lilfeH as evaluating the overall presentation of the financial statements.

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

Opinion

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

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

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

Report on other Legal and Regulatory Requirements

7. As required by the Companies (Auditor''s Report) Order, 2003 ("the Order") and amended thereafter, issued by the Central Government in terms of Section 227(4A) of the Companies Act, 1956 is not applicable to the Company.

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 bt&tfl&pfc''iff the Company so far as appears from our examination of those books;

(c) The Balance Sheet, and Statement of Profit and Loss dealt with by this agreement with the books of account;

(d) In our opinion, the Balance Sheet, the Statement of Profit and Loss Account comply with the Accounting Standards referred to in sub-section (3C) of section 211 of''-ft)tj| Companies Act, 1956;

(e) As per information and explanation given to us the Central Government has, till date, not prescribed any cess payable under section 441A of the Companies Act, 1956;

(f) On the basis of the written representation received from the directors as on 31st March 2014, and taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2014 from being appointed as a director in terms of clause (g) of subsection (1) of section 274 of the Companies Act, 1956.

For MITTAL NIRBHAY & COMPANY Chartered Accountants FRN : 013097C

(KAMAT KUMAR) Partner Membership No. 502549

Place: Delhi Date -.21/05/2014

Mar 31, 2013

We have audited the accompanying financial statements of ORIENT TRADELINK LIMITED, which comprise the Balance Sheet as at 31st March, 2013, the Statement of Profit and Loss for the year ended on that date, Statement of Cash Flow for the year ended on that date and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

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

Auditor''s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conduct 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 auditorÂs judgments, including the assessment of the risk 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 CompanyÂs preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by 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 case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2013;

b) In case of Statement of Profit and Loss, of the Loss for the year ended on that date.

c) In the case of Cash Flow Statement of the Cash Flow of the company for the year ended on that date.

Report on the other legal and regulatory requirements

1. As required by Companies (AuditorÂs Report) Order, 2003 and (amendment) Order 2004, 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 paragraph 4 and 5 of the said order to the extent applicable.

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 Statement of Cash Flow 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 Statement of Cash Flow 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 representations received from the directors as on 31st March, 2013, and taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the companies Act, 1956.

ANNEXURE TO THE AUDITORS REPORT OF ORIENT TRADELINK LIMITED FOR THE YEAR ENDED 31.03.2013 [REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE]

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

b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

c) No substantial parts of fixed assets have been disposed off during the year.

2. a) As explained to us, the Stock of Trading goods has been physically verified by the management at reasonable intervals during the year.

b) In our opinion and according to information and explanations given to us, the procedure of physical verification of Stock of Trading goods followed by the management are reasonable and adequate in relation to the size of the Company and the nature of the Business.

c) The Company has maintained proper records of Stock of Trading goods. As explained to us there were no discrepancy noticed on the physical verification of Stock of Trading Goods between physical stock of trading goods and books records.

3. a) The company has granted unsecured loan to the parties covered in the register maintained under section- 301 of the Companies Act, 1956 and/or to the companies under the same management as defined under sub section (IB) of section 370 of the companies Act, 1956. The year end balance is Rs.17,100/- (Previous year was Nil)

b) The company had taken interest free unsecured loan from the parties listed in the register maintained u/s 301 of the Companies Act, 1956. The year end balance is Rs. 14,07,192/-,(Previous year was Rs. 8,13,771/-)

c) In our opinion, the terms and conditions on which loans have been taken from party listed in the register maintained under sec-301 of the Companies Act, 1956 are not Prima-facie, prejudicial to the interest of the company.

d) The company is regular in repaying the principal amounts as stipulated.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedure commensurate with the size of the company and the nature of its business with regard to purchase and sale of fixed assets. During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system of the company.

5. a) According to the information and explanations given to us, we are of the opinion that the particulars of all contracts or arrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered.

(b) The company has not made any transaction with firms, companies or other parties in which the Directors are interested exceeding Rs. 5,00,000/- in value as listed in the register maintained under section 301 of the Act.

6. The company has not accepted deposits from the public during the year under review.

7. The company has an Internal Audit system commensurate with the size of the company and nature of its business.

8. The nature of business of the Company is such that the provisions of Section 209 (1) (d) of the Companies Act 1956, regarding the maintenance of Cost Records is not applicable to the company and accordingly, no comments have been made in respect of matter specified under Clause 4 (viii) of The Companies (Auditor''s Report) Order, 2003.

9. a) According to the records of the company, the company has been regular in depositing undisputed statutory dues including Income - tax and any other statutory dues with the appropriate authorities.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of Income Tax and any other statutory dues were in arrears, as at 31st March, 2013 for a period of more than six months from the date they become payable.

10. a) The Company has an accumulated losses as at 31st March, 2013 but not exceeding 50% of the net worth of the company.

b) The company has not incurred cash losses during the year covered under audit and in the immediate preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to a Financial Institution and banks.

12. The Company has not granted any Loans or Advances on the basis of securities by way of pledge of shares, debentures and other securities.

13. In our opinion, the company is not a chit fund or nidhi/ mutual benefit/society.

Therefore, the provisions of clause 4(xiv) of The Companies (Auditor''s Report) Order, 2003 are not applicable to the company.

14. In our opinion, proper records of the trading goods and other investments have been maintained by the company and timely entries have been made therein. The investments are held by the company in its own name except to the extent of exemption granted under section 49 of Companies Act, 1956.

15. 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.

16. The company has not obtained any term loan and accordingly no comment has been made in respect of matters specified under clause (XVI) of The Companies (AuditorÂs Report) Order 2003.

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

18. According to the information and explanations given to us, the company has not made preferential allotment of shares to parties covered in the register maintained under section 301 of the Act. In our opinion, the price at which shares have been issued is not prejudicial to the interest of the company.

19. Since the company has not issued any debenture and accordingly there is no question of creation of any securities in respect of debentures issued.

20. Company has not raised money by way of public issue.

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

For NAYAK SALUJA & ASSOCIATES Chartered Accountants Firm Regd No.018839N

[GANESH P. NAYAK] Partner M.No.094679

Mar 31, 2012

We have audited the attached Balance Sheet of ORIENT TRADELINK LIMITED as at 31st March, 2412 together with the Profit 86 Loss Statement of the company for the year ended 31st March 2012 and 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.

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 misstatements. 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 & reported that: -

1. As required by Companies (Auditor''s Report) Order, 2003 and (amendment) Order 2004, 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 paragraph 4 and 5 of the said order to the extent applicable.

2. Further to our comments in the annexure referred to paragraph above, we state that: -

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

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

(c) The Balance Sheet, Profit & Loss Statement & Cash Flow Statement are in agreement with the books of accounts.

(d) In our opinion the Company complied with all Mandatory Accounting Standards, which are referred under section 211 (3C) of the companies Act, 1956.

(e) On the basis of written representations received from the Directors, as on 31st March, 2012, and taken on record by the Board of Directors, 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 accounts read with the accounting policies, and the notes appearing thereon and attached thereto 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 31st March, 2012.

(ii) In the case of Profit 86 Loss Statement of the Profit of the company for the year ended on that date.

(iii) In the case of Cash Flow Statement of the Cash Flo AT of the company for the year ended on that date.

ANNEXURE TO THE AUDITORS REPORT OF ORIENT TRADELINK LIMITED FOR THE YEAR ENDED 31.03.2012 REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE]

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

b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

c) No substantial parts of fixed assets have been disposed of during the year.

2. a) As explained to us, the Stock of Trading goods has been physically verified by the management at reasonable intervals during the year.

b) In our opinion and according to information and explanations given to us, the procedure of physical verification of Stock of Trading goods followed by the management are reasonable and adequate in relation to the size of the Company and the nature of the Business.

c) The Company has maintained proper records of Stock of Trading goods. As explained to us there were no discrepancy noticed on the physical verification Stock of Trading Goods between physical stock of trading goods and books records.

3. a) The company has not granted any loan secured or unsecured to any of the parties covered in the register maintained under section- 301 of the Companies Act, 1956 and/or to the companies under the same management as defined under sub section (IB) of section 370 of the companies Act, 1956.

b) The company had taken interest free unsecured loan from the parties listed in the register maintained u/s 301 of the Companies Act, 1956. The yearend balance is Rs.8, 13,771. (Previous year was Rs.6, 41,624/-)

c) In our opinion, the terms and conditions on which loans have been taken from party listed in the register maintained under sec-301 of the Companies Act, 1956 are not Prima-facie, prejudicial to the interest of the company.

d) The company is regular in repaying the principal amounts as stipulated.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedure commensurate with the size of the company and the nature of its business with regard to purchase and sale of fixed assets.

During the course of our audit, we have not observed any continuing failure to correct major weakness in internal control system of the company.

5. a) According to the information and explanations given to us, we are of the opinion that the particulars of all contracts or arrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered.

(b) The company has not made any transaction with firms, companies or other parties in which the Directors are interested exceeding Rs. 5, 00,000/- in value as listed in the register maintained under section 301 of the Act.

6. The company has not accepted deposits from the public during the year under review.

7. The company has an Internal Audit system commensurate with the size of the company and nature of its business.

8. The nature of business of the Company is such that the provisions of Section 209 (1) (d) of the Companies Act 1956, regarding the maintenance of Cost Records is not applicable to the company and accordingly, no comments have been made in respect of matter specified under Clause 4 (viii) of The Companies (Auditor''s Report) Order, 2003.

9. a) According to the records of the company, the company has been regular in depositing undisputed statutory dues including Income - tax and any other statutory dues with the appropriate authorities.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of Income Tax and any other statutory dues were in arrears, as at 31st March, 2012 for a period of more than six months from the date they become payable.

10. a) The Company has an accumulated losses as at 31st March, 2012 but not exceeding 50% of the net worth of the company.

b) The company has not incurred cash losses during the year covered under audit and in the immediate preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to a Financial Institution and banks.

12. The Company has not granted any Loans or Advances on the basis of securities by way of pledge of shares, debentures and other securities

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

14. In our opinion, proper records of the trading goods and other investments have been maintained by the company and timely entries have been made therein. The investments are held by the company in its own name except to the extent of exemption granted under section 49 of Companies Act, 1956.

15. According to the information and explanations given to us, the company has not given any guarantee for loans taken by others from bank s or financial institutions.

16. The company has not obtained any term loan and accordingly no comment has been made in respect of matters specified under clause (XVI) of The Companies (Auditor''s Report) Order 2003.

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

18. According to the information and explanations given to us, the company has not made preferential allotment of shares to parties covered in the register maintained under section 301 of the Act. In our opinion, the price at which shares have been issued is not prejudicial to the interest of the company.

19. Since the company has not issued any debenture, and accordingly there is no question of creation of any securities in respect of debentures issued.

20. Company has not raised money by way of public issue.

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

For NAYAK SALUJA & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 018839N

GANESH P. NAYAK Partner M. NO. 94679

PLACE: NEW DELHI

DATE: 08.08.2012

Mar 31, 2011

1. We have audited the attached Balance Sheet of ORIENT TRADELINK LIMITED as 31st March,2011 together with the profit & loss Account of the company for the year ending 31st Match, 2011 annexed thereto Theses financial statement express an opinion on the financial company''s management. Our response , statements based on our audit.

2. We have 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 from material and discloser in the financial statement An audit also including assessing the accounting the overall financial statement presentation we believe that our audit provides a reasonable basis for our opinion.

3 As required by the Companies (Auditor''s Report) order 2003 issued by the control Government of India, IN TERMS OF SECTION 227 (4a) of the companies Act, 1956, we enclose in the Annexure a statements on the matters specified in paragraph 4 and 5 of the said order.

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

4.1 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.

4.2 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;

4.3 The Balance sheet and profit & loss Account dealt with by this report are in agreement with the books of account.

4.4 In our opinion the Balance Sheet and profit & loss Account dealt with by this report comply with the accounting standard referred to in sub-section (3C) of section 211 of the companies Act, 1956;

4.5 On the basis of written representations received from the directors as on 31st March,2011 and taken on record by the Board of Director we report that none of the directors is disquieted as on 31st March 2011 from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the companies Act, 1956;

4.6 In our opinion and to the best of our information and according to the explanations given to us, they said accounts reared with the accounting policies and the notes appearing thereon and attached thereto give the information required by the companies Act, 1956 in the manner so required and give a true and fair view 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,2011,and

ii) in the case of the profit & loss Account of the profit of the company for the year ended on that date

ANNEXURE TO THE AUDITORS REPORTS OF ORIENT TRADELINK LIMITED FOR THE YEAR ENDED 31.03.2011 REFERRED TO IN PARAGRAPH -3 OF OUR REPORT OF EVEN DATE

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

b) All the assets have not been physically verified by the management during the year but there is a regular programme of verification which in our opinion is reasonable having regard to the size of the company and the nature of its assets No material discrepancies were noticed on such verification.

c) No substantial parts of fixed assets have been disposed off during the year.

b) In our opinion and acceding to information and explanations given to us, the procedure of physical verification of stock of Trading goods followed by the management are reasonable of adequate in relation to the size of the company and the nature of the Business.

c) The company has maintained proper records of stock of Trading goods As explained to us there were no discrepancy noticed on the physical verification stock of Trading Goods between physical stock of trading goods and books records.

3. a) The company has not granted any loan secured or unsecured to any of the parties covered in the register maintained under section -301 of the companies Act, 1956 and/or to the companies under the same management as defined sub section (IB) of section 370 of the companies Act,1956.

b) The company had taken interest free unsecured loan from the parties covered in the register maintained u/s 301 of the companies Act,1956. The maximum amount involved during the year was Rs,6,41,624 (Previous Year was NIL)

c) In our opinion the terms and conditions on which loans have been taken from party listed in the register maintained under sec-301 of the companies Act,1956 as not prima-facie prejudicial to the interest of the company.

d) The company is regular in repaying the principal amount as stipulated

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedure commensurate with the size of the company and the nature of its business with regard to purchase and sale of fixed assets and fabric. During the course the our audit we have not observed any count failure to correct major weakness in internal control system of the company.

5. a) According to the information and explanations given to us we are of the opinion that the particulars of all contracts or arrangements that need to be entered into the register maintained under section 301 of the companies Act,1956 have been so entered.

b) The company has not made any transaction with firms companies or other parties in which the Directors are interested exceeding Rs, 5,00,000/- in value as listed in the register maintained under section 301 of the Act.

6. According to the information and explanation given to us the company has not accepted any deposits from the public during the year under review within the meaning of the director issued by the Reserve Bank of India and provisions of section 58A of the companies Act, 1956.

7. The company has an Internal Audit system commensurate with the size of the company nature of its business.

8. The nature of business of the company is such that the provisions of section 209 (1) (d) of the companies Act, 1956 regarding the maintenance of cost Records is not applicable to the company and accordingly no comments have been made in respect of matter specified under clause 4 (viii) of the companies (Auditors Report) order 2003.

9. a) According to the records of the company the company has been regular in depositing undisputed statutory dues including income tax and any other statutory dues with the appropriate authorities.

b) According to the information and explanation to us no undisputed amount payable in respect of Income Tax and any other statutory dues in arrears as at 31st March 2011 for a period of more than six months from the date they become payable.

10. a) The company has an accumulated losses as at 31st March 2011 but not exceeding 50% of the net worth of the company.

b) The company has not incurred cash losses during the year covered covered under audit and in the immediate preceding financial year.

11. In our opinion and according to the information and explanations given to us the company has not default in repayment of dues to a financial Institution and banks.

12. The company has not granted any Loans or Advances on the basis of securities by way of pledge of shares debentures and other securities.

13. In our opinion the company is not a chit fun or nidhi/mutual benefit/society Therefore the provisions of clause 4(xiv) of The companies (Auditor''s Report) order 2003 are not applicable to the company.

14. In our opinion proper records of the trading goods and other investments have been maintained by the clammy and timely entries been made therein. The investments are held by the company in its own except to the extent of exemption granted under section 49 of coalmines Act, 1956.

15. According to the information and explanation given to us the company has not given any guarantee loans taken by others from banks or financial institutions.

16. The company has not obtained any term loan and accordingly no comment has been made in respect of matters specified under clause (XVI) of The companies (Auditor''s Report) order 2003.

17. According to the information and explanation given to us and on overall examination of the balance sheet of the company we report that the no funds raised on short-term basis have been used for long term investment.

18. According to the information and explanation given to us the company has made preferential allotment of shares to parties covered in the register maintained under section 301 of the Act, In our opinion the price at which shares have been issued is not prejudicial to the interest of the company.

19. Since the company has not issued any debenture and accordingly there is no question of creation of any securities in respect of debentures issued.

20. Company has not raised money by way of public issue.

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

For NAYAK SALUJA & ASSOCIATES

CHARTERED ACCOUNTANTS

FRN; 018839N

PLACE : NEW DELHI ( GANESH P. NAYAK)

DATE : 30.05.2011 PARTNER

M.NO.94679

Mar 31, 2010

1. We have audited the attached Balance Sheet of M/S ORIENT TRADELINK LTD. as at 31 st March 2010 and also the Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. 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 principals 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 issued by the Central Government of India in terms of sub section (4 A) of section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matter specified in paragraph 4 and 5 of the said order.

4. Further to our comments in the Annexure referred to above, we report that: -

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

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

c) The Balance Sheet and Profit & Loss Account dealt with by this report are in the agreement with the books of accounts

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

e) On the basis of written representations received from the Directors, as on 31 st March 2010, and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2010 from being appointed as a Director in terms of clause (g) of sub section (1) of section 274 of the Companies Act, 1956.

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

i) In the case of the Balance Sheet of the state of affairs of the Company as at 31" March, 2010 and

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

ANNEXURE (Referred to in paragraph 1 of our report of even date)

1. The Company has maintained proper records showing full particulars including quantitative details and location of its Fixed Assets.

2. All the assets Fixed Assets have been physically verified by the Management covering all the items and no material discrepancies between the book records and the physical inventory have been noticed.

3. The fixed assets of the Company have not been revalued during the year.

4. Since the Company is not having any inventory therefore no comments are required for physical verification or control thereof.

5. The company has not taken any loans, secured or unsecured, from the companies, firms or other parties listed in the regular maintained u/s 301 of the Companies Act, 1956 and/or form the companies under the same management as defined under sub-section (IB) of section 370 of the companies Act. 1956, where the rate of interest and other terms are prejudicial to the interest of the shareholders, in terms of sub-section (6) of Section 370 of Companies Act, 1956 the provisions of the sections are not applicable to the company on or after 31" October 1998.

6. The company has not granted any loans, secured or unsecured, to companies, firms or other parties listed in the regular maintained u/s 301 of the Companies Act, 1956 and/or to the companies under the same management as defined under sub-section (IB) of section 370 of the companies Act, 1956, in terms of sub-section (6) of Section 370 of Companies Act, 1956 the provisions of the sections are not applicable to the company on or after 31" October 1998.

7. The Company has not granted loans and advances in the nature of loan to directors.

8. In our opinion there are adequate internal control procedures commensurate with the size of the company and nature of its business, for purchase of Plant and machinery, equipments and similar assets and for the sale of services.

9. In our opinion, no transaction of purchase of goods and materials and sale of materials and services in pursuance of contracts or arrangements entered in the registers maintained under section 301 of the Companies Act, 1956 and aggregating to Rs 500,000 or more in value in respect of each of the party have been made during the year.

10. The Company has a system of determining unserviceable or damaged finished products on the basis of technical evaluation and no write offs/provisions were considered necessary.

11. The company has not accepted any deposits within the meaning of Section 58A of the Companies act, 1956 and the rules framed thereunder.

12. In our opinion, the company has an adequate internal audit system.

13. The Central Government has not prescribed the maintenance of cost records by the Company under Section209 (1) (d) of the Companies Act, 1956 for any of its products.

14. As certified by the management, at the last day of the financial year, there was no amount outstanding in respect of undisputed income-tax, sales-tax, custom duty and excise-duty which were due for more than 6 months from the date they become payable.

15. During the course of our examination of the books of accounts carried out in accordance with the generally accepted auditing practices, we have not come across any personal expenses which have been charged to P&L Account, other than those payable under contractual obligations or in accordance with generally accepted business practices, nor have we been informed of any such case by the Management.

16. The company is not a Sick Industrial company with in the meaning of clause(o) of sub-section (I) of section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985.

17. As the company is not a manufacturing company, the question of maintaining records for sale and disposal of realizable by-products or scrap does not arise.

Place : Ahmedabad For KHESE ASSOCIATES

Date : 24th July, 2010 CHARTERED ACCOUNTANTS

Sd/-

(UMESH KHESE)

PROPRIETOR

M. No. 43132

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