We have audited the attached Balance Sheet of M/S. NATIONAL PLASTIC
 TECHNOLOGIES LIMITED as on 31st MARCH 2011, Profit & Loss Account for
 the year ended on that date and Cash Flow Statement 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
 
 1) We conducted our audit in accordance with the 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 the management as well as evaluating the overall financial statement
 presentation. We believe our audit provides a reasonable basis for our
 opinion.
 
 2) As required by the Companies (Auditor''s Report) Order 2003 issued by
 the Central Government of India in term of Sub - Section (4A) of
 Section 227 of the Companies Act, 1956 , and on the basis of such
 checks of books and records of the company as we considered appropriate
 and according to the information and explanation given to us, we
 enclose in the Annexure hereto a statement on the matters specified in
 paragraphs 4 and 5 of the said order.
 
 3) Further to our comments in the Annexure referred to in paragraph 2
 above, we report that:
 
 a) 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;
 
 b) In our opinion, proper books of Accounts, as required by law, have
 been kept by the Company, so far as appears from our examination of
 those books.
 
 c) The Balance Sheet , Profit & Loss Account and Cash Flow Statement
 dealt with by this report are in agreement with the books of Account.
 
 d) In our opinion the Balance Sheet, Profit & Loss Account and Cash
 Flow Statement dealt with by this report comply with the mandatory
 Accounting standards referred to in sub-section (3c) of Sec 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,
 none of the Directors are disqualified as on 31st March 2011, from
 being appointed as Directors 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 explanation given to us, the said accounts read together with
 Significant Accounting Policies and other notes thereon give the
 information required by the Companies Act,1956.
 
 (i) In so far as it relates to Balance Sheet, of the state of affairs
 of the Company as at 31st March 2011.
 
 (ii) In so far as it relates to the Profit and Loss Account, of the
 Profit of the Company for the year ended on that date.
 
 (iii) In so far as it relates to the Cash Flow Statement of the cash
 flows of the Company for the year ended on that date.
 
 Annexure to Auditors'' Report
 
 Referred to in Paragraph 2 of our report of even date 1. In respect of
 its fixed assets:- 
 
 (a) The Company is maintaining proper records showing full particulars,
 including quantitative details and situation of fixed assets.
 
 (b) As explained to us, the fixed assets have been physically verified
 by the management and no material discrepancies were noticed on such
 verification.
 
 (c) In our opinion and according to the information and explanation
 given to us, a substantial portion of the fixed assets have not been
 disposed off by the Company during the year.
 
 2. In respect of its inventories :-
 
 (a) As explained to us , physical verification have been conducted by
 the management at reasonable intervals in respect of inventories.
 
 (b) In our opinion & according to the information and explanation given
 to us, the procedures of physical verification of inventories followed
 by the management is reasonable and adequate in relation to the size of
 the company and nature of its business.
 
 (c) As explained to us, there were no material discrepancies noticed on
 physical verification of inventory as compared to the book records.
 
 3.  In respect of loans, secured or unsecured, granted or taken by the
 Company to/from companies, firms or other parties covered in the
 register maintained under Section 301 of the Companies Act,1956:
 
 (a) The Company has not granted any secured or unsecured loan during
 the year.
 
 (b) In our opinion and according to the information and explanations
 given to us, the rate of interest, wherever applicable and other terms
 and conditions are not prima facie prejudicial to the interest of the
 Company.
 
 (c) The Company has not granted any loan, so the question of interest
 and repayment does not arise.
 
 (d) The Company has not given any loan, so the question of overdue
 amounts does not arise.
 
 (e) The Company has taken loans from two parties, and the total amount
 outstanding at the year end is Rs.82.94 lacs.
 
 (f) In our opinion and according to the information given to us, the
 rate of interest, wherever applicable and other terms and conditions
 are not prima facie prejudicial to the interest of the Company.
 
 (g) The interest payment are regular and principal amount is repayable
 on demand.
 
 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, fixed assets and also for the
 sale of goods and services. During the course of our audit, we have not
 observed any major weaknesses in internal controls.
 
 5.  In respect of transactions covered under Section 301 of the
 Companies Act,1956:
 
 (a) In our opinion and according to the information and explanations
 given to us, the transactions made in pursuance of contracts or
 arrangements, that needed to be entered in 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, the transactions made in pursuance of contracts or
 arrangements entered in the register maintained under Section 301 of
 the Companies Act, 1956 aggregating during the year to Rs. 5,00,000/-
 (Rupees Five Lacs only) or more in respect of these parties are not
 prima facie prejudicial to the interest of the Company and are as per
 the prevailing market rates.
 
 6.  The Company has not accepted any deposits from the public.
 
 7.  In our opinion, the Company has an Internal Audit System
 commensurate with the size of the company and nature of its business.
 
 8.  Maintenance of Cost records have not been prescribed by the Central
 Government as prescribed under Section 209 (1) (d) of the Companies
 Act, 1956.
 
 9. In respect of statutory dues:
 
 (a) According to the records of the company, undisputed statutory dues
 including Provident Fund, Employees State Insurance, Income-Tax, Sales
 Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Cess and other
 statutory dues have been generally regularly deposited with the
 Appropriate Authorities. According to the information and explanations
 given to us, no undisputed amounts payable in respect of Income Tax,
 Wealth Tax, Sales Tax, Service Tax, Customs Duty and any other
 statutory dues were outstanding as at 31st March 2011 for a period of
 more than six months from the date of becoming payable.
 
 (b) On the basis of written representation received from the Management
 we report that, there are no disputed statutory dues pending before the
 appropriate authorities as on 31st March 2011.
 
 10.  The Company has no accumulated losses as at March 31, 2011 and it
 has not incurred any cash losses in the financial year ended on that
 date or in the immediately preceding financial year.
 
 11.  According to the information and explanation given to us, the
 Company has not defaulted in repayment of dues to any financial
 institution or bank as at the Balance Sheet date.
 
 12.  The Company has not given any loans and advances on the basis of
 security by way of pledge of shares, debentures and other securities,
 therefore clause 4 (xii) of the order is not applicable to the company.
 
 13.  The provision of any special statute applicable to chit fund /
 nidhi / mutual benefit fund / societies are not applicable to the
 Company ,therefore clause 4 (xiii) of the order is not applicable.
 
 14.  In our opinion , the Company is not dealer or trader in shares,
 securities, debentures and other investments so clause 4 (xiv) of the
 order is not applicable.
 
 15.  In our opinion and according to the information and explanation
 given to us, the Company has not given any guarantee for loans taken by
 others from banks or financial institution during the year, so the
 clause 4(xv) of the order is not applicable.
 
 16.  In our opinion and according to the information and explanation
 given to us, on an overall basis, the term loan taken from bank have
 been applied for the purposes for which they were obtained.
 
 17.  In our opinion and according to the information and explanation
 given to us, there are no funds raised on short- term basis which have
 been used for long term investment.
 
 18.  The Company has not made preferential allotment of shares to
 parties and companies covered in the register maintained under section
 301 of the Companies Act,1956.
 
 19.  The Company has no debentures, therefore the clause 4 (xix) of the
 order is not applicable to the Company.
 
 20.  The Company has not raised money by public issues during the year,
 therefore clause 4 (xx) of the order is not applicable to the Company.
 
 21.  In our opinion and according to the information and explanation
 given to us, no fraud on or by the Company has been noticed or reported
 during the year, that causes the financial statements to be materially
 misstated.
 
                                             For C.A PATEL & PATEL
 
                                             Chartered Accountants
 Place : Chennai
 Date  : 27.06.2011                          BHAVESH N. PATEL
 
                                             Partner.
 
                                             Membership No: 26669