1. We have audited the attached Balance Sheet of Brahmanand Himghar
 Limited as at 31st, March 2011 and also the Profit and Loss Account 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.
 
 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) (Amendment) Order,
 2004, issued by the Central Government of India in terms of sub-section
 (4A) of Section 227 of the Companies Act, 1956, we enclose in the
 Annexure a statement on matters specified in paragraphs 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 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
 the books;
 
 (c) The Balance Sheet and the Profit and Loss Account dealt with by
 this report are in agreement with the books of account.
 
 (d) In our opinion, the Balance Sheet, Profit and Loss Account and 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.
 
 (e) On the basis of written representations received from the
 Directors, as on 31st March, 2011, and taken on record by the Board of
 Directors, we report that none of the Directors is disqualified as on
 31sl 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;
 
 (f) In our opinion and to the best of our information and according to
 explanation given to us, the said accounts give the information
 required by the Companies Act, 1956, in this manner so required and
 gives 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 the affairs of the Company as at 3L1 March, 2011; and ii)
 in the case of the Profit and Loss Account, of the profit for the year
 ended on that date.  iii) in the case of the Cash Flow Statement, of
 the cash flows for the year ended on that date.
 
 ANNEXURE TO THE AUDITORS'' REPORT
 
 With reference to the annexure referred to in the paragraph 3 of the
 Auditors'' report to the members of Brahmanand Himghar Limited on the
 financial statements for the year ended 31st March , 2011, we report
 the following :-
 
 i) The Company is maintaining proper records showing full particulars
 including quantitative details and situation of its fixed assets.
 
 The fixed assets of the company have been physically verified as at the
 year end. In our opinion, the frequency of physical verification
 exercises undertaken by management is reasonable.  With regard to fixed
 assets capitalized during the year, no discrepancies were noticed
 pursuant to the aforementioned verification exercise undertaken.
 
 No substantial part of fixed assets has been disposed off during the
 year by the company.
 
 ii) Physical verification of inventory has been conducted as at the
 year end. In our opinion, the frequency of such physical verification
 is reasonable.
 
 In our opinion, the procedures of physical verification of inventory
 followed by management are reasonable and adequate in relation to the
 size of the company and the nature of its business.  Company is
 maintaining proper records of inventory and no material discrepancies
 were noticed on physical verification.
 
 iii) a) The company has not granted any loans, secured or unsecured to
 companies, firms, or other parties covered in the register maintained
 u/s 301 of the act. As the company has not granted any loans, secured
 or unsecured, to parties listed in the Register maintained under
 Section 301 of the Companies Act 1956, paragraphs (iii)(b),(c) and (d)
 of the Order are not applicable.
 
 b) The Company has not taken any loan secured or unsecured from
 companies, firms or other parties covered in the register maintained
 under section 301 of the Companies Act, 1956. As the company has not
 taken any loans, secured or unsecured listed in the register maintained
 under section 301 of the Companies Act 1956, paragraphs (v) (g) and (f)
 are not applicable.
 
 iv) In our Opinion and according to the information and explanations
 given to us, the internal control procedures commensurate with the size
 of the Company and the nature of its business for purchase of
 inventory, fixed assets and for sale of goods and services. During the
 course of our audit we have not observed any continuing failure to
 correct major weakness in internal controls.
 
 v) (a) In our opinion and according to the information and explanation
 given to us,.  there are no contracts or arrangements that need to be
 entered into Register maintained under Section 301 of the Companies
 Act, 1956.
 
 (b) In our opinion and according to the information and explanation
 given to us, as there are no contracts or arrangements that need to be
 entered into Register maintained under Section 301 of the Companies
 Act, 1956, the paragraph (v) (b) of the Order is not applicable.
 
 vi) The Company has not accepted any deposits from the public and
 consequently, the directives issued by the Reserve Bank of India, the
 provisions of Sections 58A and 58AA of the Companies Act, 1956, and the
 rules framed there under, are not applicable.
 
 vii) In our opinion, the Company has an internal audit system
 commensurate with the size and nature of the Company''s business.
 
 viii) According to the information and explanations given to us, the
 Central Government has not prescribed the maintenance of cost records
 imder clause (d) to sub-section (1) to Section 209 of the Companies
 Act, 1956, in respect of any of the products manufactured by the
 Company.
 
 ix) According to the records of the Company, the company has been
 regular in depositing with appropriate authorities undisputed statutory
 dues including provident fund, employee
  state insurance, sales, tax,
 customs duty, excise duty, cess and other statutory dues applicable to
 it.
 
 According to the information and explanations provided to us by the
 management, there are no disputed dues of sales tax, income tax, custom
 tax, excise duty, service tax and cess that have not been deposited
 with appropriate authorities.
 
 There were no dues on account of Cess under Section 441A of the
 Companies Act 1956, since the date from which the aforesaid Section has
 come into force has not yet been notified by the Central Government.
 
 x) The company has no accumulated losses at the end of the financial
 year and the company has also not incurred cash losses in such
 financial year and in the year immediately preceding financial year.
 
 xi) Based on our audit procedures and on the information and
 explanations given by the management, we are of the opinion that the
 company has not defaulted in repayment of dues to banks or debenture
 holders.
 
 xii) According to the information and explanation 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.
 
 xiii) The company is not a chit fund, nidhi, mutual benefit fund or a
 society.
 
 xiv) According to the information and explanation given to us, the
 company is not dealing or trading in shares, securities, debentures and
 other investments.
 
 xv) According to the information and explanation given to us, the
 company has not given any guarantees for loans taken by others from
 banks or financial institutions.
 
 xvi) The Term Loan taken from State Bank of India and AXIS Bank Ltd has
 been duly applied for the purpose for which the loan was taken.
 
 xvii) No funds raised on short term basis have been used for long term
 investments.
 
 xviii) The company has not made any preferential allotment of shares to
 parties and companies covered in the register maintained u/s 301 of the
 companies act, 1956.
 
 xix) Since Company has not issued any Debenture the question of
 creation of securities does not arise.
 
 xx) The company has not raised any money by public issues during the
 year.
 
 xxi) According to the information and explanation given to us by the
 management, no fraud on or by the company has been noticed or, reported
 during the year.
 
 xxii) Points which are not applicable to the company have not
 been covered in the audit report.
 
                                      For K.M. Tapuriah & Co.
 
                                      Chartered Accountants 
 
                                      FRN - 314043E
 
                                        (S.K. Ladia) 
 Place : Kolkata                          Partner
 
 Date  : 30th May, 2011                M. No. : 053789