We have audited the Balance Sheet of M/s.8K MILES SOFTWARE SERVICES
 LIMITED, as at March 31, 2012 and also the Profit and Loss Account for
 the year ended on the 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 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.
 
 The provisions of the Companies (Audit Report) Order, 2003 issued by
 the Central Government of India in terms of sub-section (4A) of section
 227 of the Companies Act 1956 (herein after called the Act) and on the
 basis of such checks as we considered appropriate and according to the
 information and explanation given to us, We set out in the annexure a
 statement on the matters of the said order.
 
 Further to our comments in the annexure referred to above, we report
 that:
 
 (i) We have obtained all the information and explanations, which to the
 best of our knowledge and belief were necessary for the purposes of our
 audit;
 
 (ii) 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;
 
 (iii) The Balance Sheet and Profit and Loss Account dealt with by this
 report are in agreement with the books of account;
 
 (iv) In our opinion, the Balance Sheet and Profit and 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.
 
 
 (v) On the basis of written representaed from the directors, 
 as at March 31, 2012, and taken on record by the Board of Directors, We
 report that none of the directors are ; disqualified as on March 31,
 2012 from being appointed as a director in terms of clause (g) of
 
 sub-section (1) of section 274 of the Companies Act, 1956.
 
 (vi) In our opinion and to the best of our information and according to
 the explanations given to us, the said accounts give the information
 required by the Companies Act, 1956, in the manner so required and give
 a true and fair view in conformity with the accounting principles
 generally accepted in India.
 
 a.  In the case of the Balance Sheet, of the state of affairs of the
 Company as at March 31, 2012
 
 b.  In the case of the Profit and Loss Account of the Profit for the
 year ended on that date and
 
 c.  In case of Cash Flow statement, of the cash flows for the year
 ended on that date.
 
 
 Annexure to Auditor''s Report
 
 Annexure referred to in paragraph 3 of the report of the Auditors to
 the Members of M/s.8K Miles Software Services Limited for the year
 ended March 31, 2012.
 
 (i) The nature of the Company''s business activities during the year are
 such that clauses clause (xiii) with respect to provisions of any
 special statue, (xiv) with respect to Companies dealing in securities
 (xix) with respect to creation of securities in case the company has
 raised money by way of issue of debentures (xx) company raising money
 by way of public issue are not applicable to the company.
 
 (ii) (a) The Company is maintaining proper records showing full
 particulars, including quantitative details and situation of fixed
 assets.
 
 (b) The Fixed Assets of the Company have been physically verified by
 the management and no material discrepancies between the records and
 physical inventory have been noticed.
 
 (iii) The company is primarily rendering software solution services.
 Accordingly it does not hold any physical inventories. The paragraph
 4(11) of the order is not applicable
 
 (iv) In our opinion and according to the information and explanation
 given to us, the internal control procedures are commensurate with the
 operations.
 
 (v) (a) On the basis of information and explanation given to us, the
 company has given and taken interest free loans to Companies, firms and
 other parties covered under section 301 of the Act and the same is
 prejudicial to the interest of the company.
 
 (b) The Loans either taken or given are both interest free.
 
 (vi) (a) on the basis of information and explanations given to us, we
 are of the opinion that the procedure of entering transactions that
 need to be entered into the Registered maintained under Section 301 of
 the ''Act have been so entered.
 
 (b) In our opinion and according to the information and explanations
 given to us, the transaction made in pursuance of contracts or
 arrangements entered in the register maintained under section 301 of
 the Act, and exceeding the value of Rs. Five Lakhs in respect of any
 party during the year have been made at prices which are reasonable
 having regards to the market prices prevailing at relevant time.
 
 
 (vii)     In  our opinion  and  according  to the  information  
 and explanations given to us, the company has not accepted any deposits
 as defined under the provisions of section 58A J and 58 AA or any other
 relevant provisions of the Act and rules framed there under from
 the public. 
 
 (viii) The company has an internal audit system commensurate with the
 size and nature of its business.
 
 (ix) The maintenance of cost records under sec.209 (1) (d) has not been
 prescribed by the Central Govt, for this company.
 
 (x) The company has not granted any loans and advance on the basis of
 security by way pledge of shares, debentures and other securities.
 
 (xi) According to the information and explanation given to us the
 company has not registered with PF & ESI Authorities and both the
 Employer Contribution and Employee Contributions were neither deducted
 nor deposited as per the relevant Acts, during the period under audit
 
 (Xii) We are informed by the management of the company that the Company
 has not given any guarantees for the loans taken by others from bank or
 financial institutions, the terms and conditions, whereof, in our
 opinion, are prime facie, prejudicial to the interest of the company.
 
 (xiii) In our opinion, and according to the information and
 explanations given to us, the Company is neither a dealer nor trader in
 securities.
 
 (xiv) The Company has not raised money by way of Term loans during the
 year .
 
 (xv) To the best of our knowledge and according to the information and
 explanations given to us, no fraud by the company and no fraud on the
 company has been noticed or reported during the year.
 
 
 Place : Chennai                              For GHG Associates
 Date : 31st May 2012                        Chartered Accountants
 
 
 
                                                      Sd/- 
                                                   S. Haresh