We have audited the attached Balance Sheet of EVINIX INDUSTRIES LTD.,
 Faridabad as at 31st March 2011 and the Profit & Loss Account and also
 Cash Flow Statement for the year ended on that date annexed thereto.
 The 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 have conducted the 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 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 Companies (Auditor''s Report) Order, 2003 issued by
 Government of India in terms of Section 227 (4A) of the Companies Act,
 1956, we enclose in the Annexure A, a statement on the matters
 specified in paragraphs 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 explanations, which to the
 best our knowledge and belief were necessary for the purpose of our 
 audit;
 
 (ii) In our opinion, proper books of accounts as required by the law
 have been kept by the company so far as appears from our examination 
 of the books of the Company.
 
 (iii) The Balance Sheet and Profit and Loss Account referred to in this
 report are in agreement with the books of account of the Company.
 
 (iv) In our opinion, the accounts comply with the accounting standards
 referred to in section 211 (3C) of the Companies Act;
 
 (v) None of the directors is disqualified from being appointed as
 director U/s. 274 (1) (g) of Companies Act, 1956
 
 (vi) In our opinion and to the best of our information and according to
 the explanations given to us, the said Balance Sheet and Profit and
 Loss Account together with notes thereon, 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 31st March 2009;
 
 (b) in the case of the Profit and Loss Account of the profit of the
 company for the period ended on that date.
 
 (c) In the case of the Cash Flow Statement, of the cash flow for the
 year ended on that date.
 
 A. S. PATWA & CO.  CHARTERED ACCOUNTANTS B-545, Nehru Ground, Faridabad
 121 001 Tel No. 0129-2416545
 
 ANNEXURE TO THE AUDITORS'' REPORT
 
 (Referred to in paragraph 4 of our Report of even date to the members
 of Evinix Industries Ltd. On the accounts for the year ended 31st 
 March, 2011)
 
 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 as under:
 
 a) The Fixed assets Register maintained by the company has not been
 updated during the year.
 
 b) It is reported by the management that the fixed assets were
 physically verified by the management during the year. We have been
 informed that no material discrepancies were noticed on such physical
 verification.
 
 c) The fixed assets disposed off during the year, or the amounts
 withdrawn from Capital Work in Progress in our opinion do not
 constitute a substantial part of the fixed assets and such disposal or
 withdrawal in our opinion has not affected the going concern status of
 the company.
 
 a) The inventory has been physically verified during the year by the
 Management along with Lending bank once during the year. It has also
 been reported by the management that the Inventory has also been
 physically verified by the internal auditor which is reasonable.
 
 b) In our opinion the procedure of physical verification of inventory
 followed by the Management are reasonable and adequate in relation to
 the size of the company and the nature of its business.
 
 c) In our opinion, the company is maintaining proper records of
 inventory and as explained to us, NO material discrepancies were
 noticed on physical verification.
 
 a) The Company has not granted any loans, secured or unsecured to or
 from Companies, firms or other parties covered in the register
 maintained under section 301 of the Companies Act, 1956. Therefore the
 provisions of clause 4 (iii) (a) to (d) of the companies (Auditor
 Report) Order are not applicable.
 
 b) The Company has not taken any loans, secured or unsecured to or from
 Companies, firms or other parties covered in the register maintained
 under section 301 of the Companies Act, 1956. Therefore the provisions
 of clause 4 (iii) (e) to (g) of the companies (Auditor Report) Order
 are not applicable.
 
 iv. In our opinion, 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.
 
 v. According to the information given to us there are no contracts and
 arrangements during the year that need to be entered in to a register
 in pursuance of section 301 of the Companies Act, 1956.
 
 vi. The company has not accepted any deposits from the public and
 therefore, the provisions of section 58-A and 58 AA of the Companies
 Act, 1956 are not applicable.
 
 vii.  The Internal Audit System is commensurate with the size & nature
 of the business of the company.
 
 viii. The Central Government has not prescribed the maintenance of cost
 records under section 209 (1) (d) of the Companies Act, 1956 for the
 company.
 
 ix.(a) According to information and explanations give to us, the
 Company has not been regular during the year in depositing the
 undisputed statutory dues including Provident Fund, Employees State
 Insurance, Income tax, Central Sales Tax. The Income Tax Liability for
 A.Y. 2010-11 has not yet been deposited by the company. The company has
 also not deposited any advance tax for the current year. The subject of
 wealth tax is not applicable to the company. The custom duty and excise
 duty, cess and other statutory dues are deposited in time with the
 appropriate authorities. The arrears of undisputed statutory dues
 remaining outstanding for over six months as at 31st March, 2011 are as
 under
 
 Sl. No.  Nature of Liability     Amount (In Rs.)
 
               T.D.S.               97,16,916
 
               P.F.                 16,02,149
 
               ESI                   6,22,968
 
               VAT   CST            15,32,317
 
               Professional Tax         7,740
 
               TCS                     66,797
 
 13.  The Company has no accumulated losses. The Company has not
 incurred cash loss during the financial year under report and in the
 immediately preceding financial year.
 
 x. On the basis of verification of records and information given to us
 the Company has not defaulted in repayment of dues to financial
 institutions or banks.
 
 xi. In our opinion and according to the explanations given to us, and
 based on the information available, the company has not granted any
 loans and advances on the basis of security by way of pledge of shares,
 debentures and other securities.
 
 xii. In our opinion, the Company is not a Chit fund or Nidhi /Mutual
 Benefit Fund/Society. Therefore, the provisions of clause 4 (xiii) of
 the Companies (Auditor''s Report) Order, 2003 are not applicable to the
 Company.
 
 xiii. In our opinion, and according to the information and explanations
 given to us 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 are not applicable to the Company.
 
 xiv. According to the information and explanations given to us the
 Company has not given any guarantee for loans taken by others from bank
 or Financial Institution.
 
 xv.  The term loans were applied for the purpose for which the loans
 were obtained.
 
 xvi. According to the information and explanations given to us the cash
 flow statement examined by us and on overall examination of the Balance
 Sheet of the Company, we report that funds raised on short term basis
 have not been used for long term investment.
 
 xvii. During the year the Company has not made any preferential
 allotment of shares to parties and companies covered in the Register
 maintained under section 301 of the Act.
 
 xviii. Since no debentures have been issued during the year the
 question of creating securities or charge does not arise.
 
 xix. Since there were no public issues of securities during the year
 verification of end use of money does not arise.
 
 xx. Based upon the audit procedures performed and information and
 explanations given by the management, we report that no fraud has been
 noticed or reported during the course of our audit for the period under
 report.
 
                                       For A. S. Patwa & Co. 
                                       CHARTERED ACCOUNTANTS
 
                                               Sd/- 
 Place: Faridabad                         (A. S. PATWA) 
 Date: August 19,2011.                      Proprietor
  
                                       Membership No: 11330