We have audited the attached Balance Sheet of East Buildtech Ltd. as at
31st March 2012, and Statement of Profit & 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.
We conducted our audit in accordance with auditing standards generally
accepted in India. These 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
As required by the Companies (Auditor''s Report) (Amendment) Order, 2004
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 paragraphs 4 & 5 of the said Order.
Further to our comments in the Annexure referred to above, we report
i) We have obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purposes of our
ii) 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
iii) The Balance Sheet and Statement of Profit & Loss Account and Cash
Flow Statement dealt with by this report are in agreement with the
books of account.
iv) In our opinion, the Balance Sheet and Statement of Profit & Loss
Account and Cash flow statement dealt with by this report comply with
the Accounting Standards referred to in the Companies (Accounting
Standards) Rules 2006 issued by the Central Government in exercise of
the power conferred under sub-section (1) (a) of section 642 of
Companies Act 1956, to the extent applicable.
(v) On the basis of the 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 Clause
(g) of Sub-section (1) of Section 274 of the Companies Act, 1956.
(vi) In our opinion and to the best of out information and according to
the explanation 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 in conformity with the accounting principles
generally accepted in India:
(i) in the case of Balance Sheet of the State of Affairs of the Company
as at 31st March, 2012.
(ii) in the case of Statement of Profit & Loss of the Profit for the
year ended on that date.
(iii) in the case of Cash Flow statement of the Cash Flows for the year
ended on that date.
ANNEXURE TO THE AUDITORS'' REPORT
1. (a) The Company has maintained proper records showing full
particulars including quantitative details and situations of
(b) The Company has a programme of physical verification of its fixed
asset which, in our opinion, is reasonable having regard to the size of
the Company and nature of its assets.
(c) No substantial part of fixed Assets were disposed off during the
year affecting the principle of going concern.
2. (a) The stock of saleable commercial space has been physically
verified at the reasonable interval by the, management during the year.
In our opinion, the frequency of such verification is reasonable.
(b) The procedures for the physical verification of saleable commercial
space followed by the management are, in our opinion, reasonable and
adequate in relation to the size of the company and nature of its
(c) In our opinion, the company is maintaining proper records of
inventory. Minor discrepancies have been noticed on physical
verification of inventory which have been properly accounted for.
3. The Company has not accepted/granted any unsecured loan from/to
Company, Firms or other Parties listed in the register maintained under
section 301 of the Companies Act, 1956. Therefore no comments are
being offered as to the rate of interest, terms & conditions,
repayments, overdue etc.
4. In our opinion and according to the information and explanations
given to us during the course of audit, there are adequate internal
control procedures commensurate with the size of the Company and nature
of its business.
5. (a) Based upon the audit procedures applied by us and according to
the information and explanations given to us, we are of the opinion,
that transactions required to be entered into the register maintained
under section 301 of the Companies Act, 1956, have been so entered.
(b) In our opinion and according to the information and explanations
given to us during the course of audit, the transactions made in
pursuance of contracts or arrangements entered in the register
maintained under section 301 of The Companies Act, 1956 and aggregating
during the year Rs. 5 Lakhs or more have been made at prices which are
reasonable having regard to prevailing market price, where such market
prices are available. However no such transaction took place during
6. The Company has not accepted any deposits from the public within
the meaning of section 58A, 58AA or any other relevant provisions of
the Companies Act, 1956 and Companies (Acceptance of Deposits) Rules,
7. According to the information and explanation given to us company
has an in house internal audit system which in our opinion commensurate
with the size and nature of its business.
8. The Company is required to maintain the cost record, under clause
(d) of sub-section (1) of section 209 of the Companies Act, 1956. Which
are as explained to us, under compilation. We are however not required
to make a detailed examination of such books and records.
9. (a) In our opinion, the company is regular in depositing undisputed
statutory dues including Provident Fund, and other statutory dues with
the appropriate authorities. There are no arrears of outstanding
statutory dues as at the last day of the financial year for more than
(b) In our opinion and according to the information and explanation
given to us during the course of audit, no dispute is pending with
regard to sales tax, income tax, custom duty, excise duty.
10. In our opinion the company has no accumulated losses at the end of
the financial year and it has not incurred cash losses in the current
and immediately preceding financial year.
11. In our opinion, and according to the information and explanations
given to us, the company has not defaulted in repayments of dues to any
financial institution or bank.
12. The Company has not granted loans and advances on the basis of
security by way of pledge of shares and other securities.
13. The Company does not fall within the category of chit
fund/Nidhi/Mutual Benefit fund / Society and hence related reporting
requirements are not applicable.
14. According to the information and explanation given to us, the
company is not dealing or trading in shares, securities, debentures and
other investments and hence related reporting requirements are not
15. According to the information and explanations given to us, the
Company has not provided guarantee of any type for loans taken by
16. The Company has not taken any Term Loans hence the related
reporting requirement of the order is not applicable.
17. According to the information and explanations given to us, the
funds raised in the previous year by the Company on short term basis
has not been applied for long term purposes.
18. The Company has not made any preferential allotment of shares to
parties covered in the register maintained under section 301 of the
Companies Act 1956.
19. The Company has not issued debentures of any type during the
20. The Company has not raised any money by public issue during the
21. Based on our examination of the books and records of the Company
and according to information and explanations given to us, no fraud on
or by the Company have been noticed.
For DOOGAR & ASSOCIATES
Firm Reg. No. - 000561N
Place: New Delhi
Date : 30.07.2012