1.  We have audited the attached Balance Sheet of Betala Global
 Securities Limited, as at 31st March, 2012, and also the Profit and
 Loss Account and the Cash flow statement 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.
 
 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 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.
 
 3.  As required by the Companies,(Auditor''s Report) Order 2003 issued
 by the Central Government of India in terms of Section 227(4A)of the
 Companies Act, 1956, we enclose in the annexure, a statement on the
 matters specified in paragraph 4 and 5 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 explanation which to the
 best of our knowledge and belief were necessary for the purpose of our
 audit.
 
 II.  In our opinion proper books of accounts as required by law have
 been kept by the company as far as appears from our examination of such
 books and proper returns adequate for the purposes of our audit.
 
 III.  The Balance Sheet, the Profit and Loss Account and Cash flow
 statement dealt with by this report are in agreement with the books of
 accounts.
 
 IV.  In our opinion, the Balance Sheet, the profit and loss account 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.
 
 V.  On the basis of the written representations received from the
 directors, as on 31.03.2012 and taken on record by the Board of
 Directors, we report that none of the directors disqualified as on
 31.03.2012, from being appointed as a director in terms ofclause (g) of
 subsection 1 to section 274 of the Companies Act 1956;
 
 VI.  Subject to the foregoing and in our opinion and to the best of our
 information and according to the explanations given to us, the said
 accounts together with the notes and schedules 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 and
 
 b) In the case of Profit and Loss Account of the loss for the year
 ended on that date.
 
 c) In the case ot Cash flow statement, ot the Cash flows tor the year
 ended on that date.
 
                                    
 In terms of the information and explanations given to us and the books
 and records examined by us in the normal course of audit and to the
 best of our knowledge and belief, we state that:
 
 1.
 
 a) The company has maintained proper records showing full particulars
 including quantitative details and situation of fixed assets.
 
 b) All the fixed assets have been physically verified by the management
 at reasonable intervals.  No material discrepancies were noticed on
 verification made during the year.
 
 c) The company has not disposed off substantial portion of the Fixed
 Assets during the year.
 
 2. The Company doesn''t have any inventory and hence clause 4 (ii) of
 the Companies (Auditor''s Report) order 2003 is not applicable to the
 Company.
 
 3.
 
 a) As informed to us, the company has granted unsecured loans to
 company listed in the register maintained under Section 301 of the
 Companies Act 1956.Loan given is to one party and the amount involved
 is 55.50 Lacs.
 
 b) The rate of interest and other terms and conditions of the loan
 given by the company are prima facie prejudicial to the interest of the
 company
 
 c) There are no stipulation as to the repayment of principal and
 interest, hence clause 3(d) is not applicable.
 
 e) Company has not taken any loans secured or unsecured from companies,
 firms or other parties listed in the register maintained under section
 301 of the Companies Act 1956. Hence clause 3(f) & 3(g) are not
 applicable to the company
 
 4. In our opinion and according to the information and explanations
 given to us, there are adequate internal control procedures
 commensurate with the size of the company and the nature of its
 business, for the purchase of inventory and fixed assets and for the
 sale of goods and services. Accordingly the issue of continuing failure
 to correct major weakness in internal control in these areas does not
 apply.
 
 5.
 
 a) The particulars of contracts or arrangements that need to be entered
 in the register maintained under Section 301 have been duly entered.
 
 b) There are no transactions in respect of any party covered in the
 register to be maintained under section 301 of the Companies Act, 1956
 during the financial year under consideration.
 
 6. The company has not accepted any deposits from the public and hence
 the directives issued by Reserve Bank of India and the provisions of
 Section 58A,58AA or any other relevant provisions of the Companies Act,
 1956 and the rules framed there under are not applicable.
 
 7.  In our opinion, 1he company has an internal audit system
 commensurate with the size and nature ot its business.
 
 8.  As the company doesn''t manufacture any products, clause 4 (viii) of
 the companies (Auditor''s Report) order 2003 is not applicable to the
 Company.
 
 9.
 
 a) The company is generally regular in depositing all undisputed
 statutory dues including Provident fund, Investor education and
 protection fund, Income tax, Sales tax, Wealth tax, service tax,
 Customs duty, Excise duty, cess and other statutory dues wherever
 applicable with appropriate authorities and there are no arrears of
 outstanding statutory dues as at the last day of the financial year
 concerned for a period of more than six months from the date they
 became payable.
 
 b) According to the records of the Company there are no dues
 outstanding of sales tax, income tax, customs duty, wealth tax, service
 tax, excise duty and cess on account of any dispute.
 
 10.  The Company has accumulated losses at the end of the financial
 year under report and has not incurred cash loss in the current year
 and has not incurred cash loss in the immediately preceding financial
 year. However the accumulated losses as on 31.03.2012 are less than
 fifty percent of the Company''s net worth.
 
 11.  The company has not defaulted in repayment of dues to Banks. There
 are no dues to Financial Institutions and Debenture holders by the
 Company during the year.
 
 12.  According to the information and explanations given to us, the
 company has not granted loans and advances on the basis of security by
 way of pledge of shares, debentures and other securities.
 
 13.  In our opinion, and according to the information and explanations
 given to us, the nature of activities of the Company does not attract
 the provisions of any special statute applicable to Chit fund and
 Nidhi/mutual benefit fund/societies.
 
 14.  In our opinion, the Company is not dealing in or trading in
 shares, securities, debentures and other investments. Accordingly, the
 provisions of clause 4 (xiv) of the companies (Auditor''s Report) order
 2003 is not applicable to the Company.
 
 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 availed any term loan.
 
 17.  According to the information and explanation given to us and an
 overall examination of the Balance Sheet of the Company, we report that
 no short term funds have been raised during the year.
 
 18.  The company has not made any preferential allotment of shares to
 parties or 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 and as such the creation
 of securities does not arise.
 
 20.  The Company has not raised any money from public during the year.
 
 21.  According 1o the information and explanations given to us, by the
 management we report that no fraud on or by the Company has been
 noticed or reported during the year.
  
                                       For C.RAMASAMY & B.SRINIVASAN 
 
                                               Chartered Accountants 
 
                                               Firm Regn No : 02957S
 
                                                               Sd/-
 
                                                          C.RAMASAMY 
 
                                                             Partner. 
 
                                                 Membership No.23714 
 
 Place : Chennai 
 
 Date :.31.07.2012