1.  We have audited the attached Balance Sheet of M/s. Dahyabhai Sons
 Limited as at 31st March, 2010 and also the Profit & Loss Account for
 the year ended on that date annexed thereto. These financial statements
 are the responsibility of the Companys Management. Our responsibility
 is to express an opinion on these financial statements based on our
 audit.
 
 2.  We conducted our audit in accordance with the auditing standards
 generally accepted in India. Those Standards required 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.  This report does not include a statement of the matter specified in
 paragraph 4 of the Companies (Auditors Report) Order, 2003 issued by
 the Department of Company affairs, in terms of section 227 (4A) of the
 Companies Act, 1956, since in our opinion and according to the
 information and explanations given to us, the said order is not
 applicable to the company.
 
 4.  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 appears from our examination of the Book;
 
 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 and Profit and Loss Account dealt
 with by this Report comply with the accounting standards referred to
 sub-section (3C) of Section 211 of the Companies Act, 1956;
 
 e) On the basis of the written representation received from the
 Directors as on 31st March 2010 and taken on record by the Board of
 Directors, we report that none of the Directors is disqualified as on
 31st March, 2010 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
 the explanations given to us, the said accounts read with Notes forming
 part of accounts and Accounting Policies, 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:-
 
 i.  in the case of the Balance Sheet, of the state of the affairs of
 the Company as at 31st March, 2010
 
 and
 
 ii.  in the case of the Profit and Loss Account, of the Profit of the
 company for the year ended on that date.
 
                                        For B.M. Pathak & Co., 
                                        Chartered Accountants
 
                                        B.M. Pathak Proprietor
                                        Address: 504, Dalamal Chambers, 
                                        29, New Marine Lines, 
                                        Mumbai 400 020
                                        Phone: 22031048/22035948.
 
 Place: Mumbai 
 Dated: 01/09/2010