We have audited the attached Balance Sheet of M/s Beckons Industries
 Limited (previously known as AGK Computer Secure Prints Ltd.) as at
 31st March, 2012. 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 the 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, issued by the Central Government of India in terms of
 sub-section (4A) of section 227 of the Companies Act, 1956, and in
 terms of information and explanations given to us and also on the basis
 of such checks as we considered appropriate, we state that :-
 
 1.  (a) The Company has maintained proper records showing full
 particulars including quantitative
 
 details and situation of fixed assets.
 
 (b) During the year management did not physically verified the fixed
 assets, however fixed Assets are physically verified by the management
 once in three year which is reasonable & no material discrepancies were
 noticed on last verification.
 
 (c) The Company has not made any substantial disposal of fixed assets,
 during the year. Thus, the going concern status of the Company has not
 been affected.
 
 2.  As informed to us physical verification has been conducted by the
 management at year end in respect of finished goods and stores, spare
 parts and raw materials. The procedures of physical verification of
 stock followed by the management are reasonable and adequate in
 relation to the size of the Company and nature of its business. The
 discrepancies noticed on such verification in respect of raw materials
 as compared to the books records (stock register maintained on computer
 system) which are not significant, have been properly dealt with in the
 books of accounts.  The valuation of these stocks is fair and proper in
 accordance with normally accepted accounting principles.
 
 3. In our opinion the internal control procedure of the Company
 relating to the purchases of stores, raw materials including
 components, Plant & Machinery, equipment and other similar assets and
 sale of goods are commensurate with the size and nature of the business
 of the Company.
 
 4. (a) According to the information and explanations given to us, we
 are of the opinion that the transactions that need to be entered into
 the register maintained under section 301 of the Companies Act, 1956
 have been so entered.
 
 (b) According to the information and explanations given to us, the
 transactions made in pursuance of contracts or arrangements entered in
 the register maintained under section 301 of the Companies Act, 1956
 and exceeding the value of rupees five lacs in respect of any party,
 have been made at prices which were reasonable having regard to the
 prevailing market prices at the relevant time.
 
 5.  The Company has not accepted any deposits from the public to which
 the provisions of sections 58A and 58AA of the Companies Act, 1956 and
 the rules framed there under would apply.
 
 6.  The Company has formed an Audit Committee to review the operation
 of the Accounting and Internal Audit Functions etc.
 
 7.  Maintenance of cost records has not been prescribed by the Central
 Govt, under section 209(1) (a) of the Companies Act, 1956, for any of
 the products of the Company.
 
 8.  (a) According to the records of the company, undisputed statutory
 dues including provident fund,
 
 investor education and protection fund, employees'' state insurance,
 income-tax, wealth-tax, sales tax, customs duty, excise duty, cess and
 other material statutory dues applicable to it have generally been
 regularly deposited with the appropriate authorities.
 
 (b) There are no outstanding undisputed statutory dues as at the last
 day of the financial year ended on 31-03-2012 or for a period of more
 than six months from the date they became payable
 
 9.  In our opinion, the accumulated losses of the company are not more
 than fifty percent of its net worth.  The company has neither incurred
 cash losses during the financial year covered by our audit nor in the
 preceding financial year
 
 10.  According to the information and explanations given to us, the
 company has not defaulted in the repayment of dues to the financial
 institutions or banks. Further, there are no debenture holders.
 
 11.  According to the information and explanations given to us, the
 company has not granted any loans and advances on the basis of security
 by way of pledge of shares, debentures and other securities.
 
 12.  The company is not a chit fund or a nidhi / mutual benefit fund /
 society. Therefore, the provisions of clause 4(xiii) of the Companies
 (Auditor''s Report) Order, 2003 (hereinafter referred to as the said
 Order) are not applicable to the company.
 
 13.  The company is not significantly dealing in or trading in shares,
 securities, debentures and other investments. Accordingly, the
 provisions of clause 4(xiv) of the said Order are not applicable to the
 company. However the company has made some long term investment in
 share. All the investment are properly maintained.
 
 14 According to the information and explanations given to us, the
 company has not given any guarantees for loans taken by others from
 banks or financial institutions.
 
 15.  According to the information and explanations given to us and on
 an overall explanations given to us, in our opinion, the terms loans
 have been applied for the purpose for which it was raised.
 
 16.  The company has not issued any debentures. Accordingly, the
 question of creating a security for debentures does not arise.
 
 17.  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.
 
 Further to the above, we report that:
 
 a) we have obtained all the information and explanations, which to the
 best of our knowledge and belief were necessary for the purpose of our
 audit;
 
 b) in our opinion, proper books of account as required by the Companies
 Act, 1956 (as amended) have been kept by the Company so far as appears
 from our examination of these books;
 
 c) the Balance Sheet and the Profit & Loss Account referred to in this
 report are in agreement with the books of account;
 
 d) in our opinion, the Balance Sheet and Profit & Loss Account complied
 with the Accounting Standards as 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
 and taken on record by the Board of Director, we report that none of
 the directors of the company is disqualified from being appointed as
 director under clause (g) of sub-section (1) of Section 274 of the
 Companies Act, 1956; and
 
 f) in our opinion and to the best of our information and according to
 the explanations given to us the said Accounts, read with other notes
 thereon, given in the schedule 15 forming part of the accounts in the
 manner so required and give a true and fair view:
 
 i) in the case of Balance sheet, of the state of affairs of the Company
 as at 31st March, 2012 and ii) in the case of Profit & Loss Account, of
 the profit of the Company for the year ended on that date.
 
 Place : Jalalabad                            RANA WATTS
 
 Date : 25.08.2012                           Managing Director