We have audited the attached Balance Sheet of M/S. ANUVIN INDUSTIRES
 LIMITED, as at 31st March 2012, Statement of Profit and Loss 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 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.  -
 
 As required by the Companies (Auditor''s Report) Order, 2003 as amended
 by the Companies (Auditors report) (Amendment) order 2004 issued by the
 Central Government of India in term of Sub-section (4A) of section 227
 of the Companies Act, 1956, we enclose in the annexure a statement on
 the matters specified in paragraphs 4 and 5 of the said Order.
 
 Further to our comments in the Annexure referred to above, we report
 that:
 
 (a) We have obtained all the information and explanations which to the
 best of our knowledge and belief were necessary for the purposes of our
 audit;
 
 (b) In our opinion, proper books of accounts as required by law have
 been kept by the company so far as appears from our examination of
 those books,;
 
 (c ) The Balance Sheet, the Statement of Profit and Loss and Cash Flow
 Statement dealt with by this report are in agreement with the books of
 account;
 
 (d) In our opinion, the Balance Sheet, the statement of Profit and Loss
 and the Cash Flow Statement dealt with by this report comply with the
 Accounting Standards referred to in sub-section (3C) of section 211 of
 the Companies Act, 1956.Except for Accounting standard 15 , Accounting
 for Retirement Benefits in the Financial Statements of Employer. The
 liability has not been worked out by the Company and provided for.
 
 (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 section
 274 (l)(g) 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 Subject to 1. Note No.17 and 45 of Notes to the
 accounts and Clause iii of Annexure referred to in Paragraph (3) of
 this report regarding loans and advances to parties covered u/s.301 for
 non recovery of
 
 (i) In the case of Balance Sheet, of the state of affairs of the
 Company as at 31st March, 2012.
 
 (ii) In case of the Statement of profit and Loss, of the Profit for the
 year ended on that date; and
 
 (iii) In the case of the Cash Flow Statement, of the cash flows of the
 Company for the year ended on that date.
 
 ANNEXURE REFERRED TO IN PARAGRAPH (3^ OF AUDITOR''S REPORT OF EVEN DATE
 
 As required by the Companies (Auditors Report) order, 2003 issued by
 the Company Law Board in terms of Sections 227 (4A) of the Companies
 Act, 1956 and on the basis of such checks as we considered appropriate,
 we report that:
 
 1.(a) The Records of fixed assets showing full particulars including
 quantitative details and situation of fixed assets is under 
 preparation.
 
 (b) As explained to us, the assets have been physically verified by the
 management, which, in our opinion, is reasonable, considering the size
 and nature of the business.
 
 The frequency of verification is reasonable and no material
 discrepancies have been noticed on such physical verification.
 
 (c) Though the Company has disposed off all the fixed assets during the
 year, In our opinion, the going concern status of the Company is not
 affected.
 
 2.(a) As per the information furnished, the inventories have been
 physically verified by the management during the year at reasonable
 intervals, having regards to the nature of inventories, the frequency
 of physical verification is reasonable.
 
 (b) In our opinion and according to the information and explanation
 given to us, the procedures of physical verification of the inventories
 followed by the management are reasonable and adequate in relation to
 the size of the Company and nature of its business.
 
 (c) The Company has maintained proper records of inventories on
 Computer. In our opinion and according to the information, there were
 no major discrepancies noticed on such verification.
 
 3.  (a) According to information and explanation given to us, on
 verification of the records we are of the opinion that the Company had
 given unsecured loan of Rs. 3,39,00,000/- to Neo Builders & Developers,
 a firm where a Director Mr. Naresh Mehta is interested. However the
 amount was given to them under business MOU, but on cancellation of
 MOU, the amount was converted in to loans. The amount outstanding at
 the year end is Rs.Nil. No interest has been charged to the loan during
 the yera. An advances of Rs. 1.  is given during the year to Mr.Dilip
 Mehta, a Director of the Company without any agreement dated 15.06.2009
 and 6th April, 2011
 
 (b) According provided and from the verification of the records of the
 company, the firm where directors are interested is without interest,
 the terms and conditions prejudicial to the interest of the Company.
 
 (c) The Company has not received any interest from Neo Builders &
 Developers and from Mr. Dilip Mehta as per the terms of the MOU during
 the financial year 2011-12.
 
 (d) According to information and explanation given to us by the Company
 and from the verification of the records, we are of the opinion that
 the Company has recovered the entire amount of'' loan without any
 interest during the year from Neo Builders & Developers.
 
 (e) According to the information and explanation given to us, on
 verification of the records, the Company has not taken any loans,
 secured or unsecured from companies, firms or other parties covered in
 the register maintained under section 301 of the Companies Act, 1956
 
 (f) & (g) As there is no loan taken, sub clause f and g is not
 applicable
 
 4.  In our opinion and according to the information and explanations
 given to us, there is an adequate internal control system commensurate
 with the size of the Company and the nature of its business with regard
 to purchase of inventory, fixed assets and Sale of goods & services.
 
 Further, on the basis of our examination of the books and records of
 the Company, and according to the information and explanation given to
 us, we have neither come across nor have been informed of any
 continuing failure to correct major weakness in the aforesaid internal
 control System.
 
 5.  In our opinion and according to the information and explanations
 given to us, the Company has maintained a proper records for the
 Contracts or arrangements referred to in section 301 of the Companies
 Act 1956 that need to be entered in the register required to be
 maintained under that section.
 
 b)According to the information and explanation given to us, on
 verification of the records, we are of the opinion that the transaction
 of purchase and sale of goods, materials and services made in pursuance
 of contracts arrangements entered in the register maintained under
 Section 301 of the Companies Act, 1956 aggregating during the year to
 Rs.  5,00,000/- or more in respect of each parties have been recorded
 properly.
 
 6.  The company has not accepted any deposits from public within the
 meaning of section 58A and 58AA of the companies Act, 1956 and the
 rules framed there under.
 
 7.  In our opinion, the Company does not have any internal audit system
 or any secretarial department or cell for internal audit, but looking
 at the quantum and value of transaction and the internal control
 procedures, the Company has enough control over the transactions of the
 business.
 
 8.  In our opinion, the Company is covered under section 209(l)(d) of
 the Companies Act,1956 and is required to maintain the cost records as
 required by the Act, According to information an explanation given to
 us by the management, they came to know about this recently only, hence
 the records are under preparation and shall be ready within short
 while.
 
 9.  (a)According to the information and explanations given to us and
 the records examined by us, the Company is generally regular in
 depositing undisputed statutory dues including Provident Fund,
 Employees'' State Insurance Fund, Income Tax, Sales Tax, wealth tax,
 service tax, Custom Duty, Excise Duty, Cess and other statutory dues
 with appropriate authorities. .
 
 (b)According to the records of the company and information and
 explanation given to us, there are no undisputed and any other
 statutory dues outstanding as at 31st March, 2012 for a period of more
 than six months from the date they became payable.
 
 (c)According to the information and Explanation given to us there are
 no dues of income tax, sales tax, wealth tax, and service tax, which
 have not been deposited with the appropriate authorities on account of
 any dispute.
 
 10.  The Company does not have any accumulated business loss as at the
 end of the financial year and has not incurred Cash losses in the
 financial year and in the immediately preceding financial year.
 
 11.  The Company did not have any out standing dues to any financial
 Institution, or debentures holder during the year.
 
 12.  The Company has not granted loans or advances on the basis of
 security by way of pledge of shares, debentures and other securities.
 
 13.  The provisions of any special statute applicable to chit
 fund/nidhi/mutual benefit fund/Societies are not applicable to the
 Company.   
 
 14.  The Company has not dealt or traded in shares, securities and
 debentures during the year under report. However, as per the
 information & explanation given to us, proper records have been
 maintained by the Company for the investments made in the past.
 
 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.  According to the information and explanation given to us, and on
 verification of records, we are of the opinion that the Company has
 applied the term loan for the same purpose for which the loans were
 taken.
 
 17.  On the basis of our examination of the Cash Flow statement, the
 fund raised on short term basis has notbeen used for long term
 investments.
 
 18.  The Company has not made any preferential allotment of shares to
 parties and Companies covered in the register maintained under Section
 301 of the Companies Act, 1956 during the year.
 
 19.  The Company has not issued any debentures during the year.
 
 20.  The Company has not raised any money by public issue during the
 year.
 
 21.  On the basis of our examination and according to the information
 and explanations given to us, no fraud, on or by the Company, has been
 noticed or reported during the course of our audit.
 
 For Jayesh R. Shah & Co.  
 
 Chartered Accountants 
 
 Firm Regn. No. 104182W
 
 (Jayesh Shah) 
 
 Proprietor M.No. 033864
 
 Place: MUMBAI 
 
 Date : 30.05.2012