1) We have audited the attached Balance Sheet of Nihar Info Global
 Limited, as at 31st March 2012, the Statement of Profit and Loss and
 also the Cash Flow Statement 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 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 also
 includes examining, on a test basis, evidence supporting the amounts
 and disclosures in the financial statements. An audit also includes
 assessing the accounting policies 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 (Auditors'' Report) Order 2003 as
 amended by the Companies (Auditor''s Report) Order (Amendment) 2004,
 issued by the Central Government in terms of sub section (4A) of
 Section 227 of the Companies Act 1956, we give in the Annexure a
 statement on the matters specified in paragraphs 4 and 5 of the said
 order.
 
 4) Further to our comments in the Annexure referred to in paragraph 3
 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 purpose 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 those
 books;
 
 c) The Balance Sheet, Statement of Profit and Loss and Cash Flow
 Statement dealt with by this report are in agreement with the books of
 account;
 
 d) In our opinion, the Balance sheet, Statement of Profit & Loss 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 representation received from the Directors,
 as on March 31,2012 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;
 
 f) In our opinion and to the best of our information and according to
 the explanations given to us, the said financial statements read with
 ''Significant Accounting Policies and 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.
 
 (i) in the case of the Balance Sheet, of the state of affairs of the
 Company as at March 31, 2012
 
 (ii) in the case of the Statement of Profit and Loss, of the loss of
 the Company for the year ended on that date, and
 
 (iii) in case of Cash Flow Statement, of the cash flows of the Company
 for the year ended on that date
 
 ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE to the
 members of Nihar Info Global Limited on the financial statements as at
 and for the year ended March 31 , 2012
 
 1.  (a) The Company is maintaining proper records showing full
 particulars including quantitative details and situation of fixed
 assets.
 
 (b) The fixed assets are physically verified by the management during
 the year and no material discrepancies between the book records and the
 physical inventory have been noticed. In our opinion, the frequency of
 verification is reasonable.
 
 (c) In our opinion and according to the information and explanations
 given to us, a substantial part of fixed assets have not been disposed
 off by the company during the year.
 
 2.  The Company has taken an amount of Rs.98,74,546/- in the nature of
 interest free unsecured demand loan from two parties covered in the
 register maintained under section 301 of the Companies act 1956.
 Maximum balance outstanding during the year is Rs. 2,1 1,18,366 /-
 balance outstanding as on 31.03.2012 is Rs.2,1 1,18,366/-.
 
 3.  The Company has not granted/taken any loans, secured or unsecured,
 to /from companies, firms or other parties covered in the register
 maintained under section 301 of the act.
 
 4.  In our opinion and according to the information and explanations
 given to us, having regard to the explanation that certain items
 purchased are of special nature for which suitable alternative sources
 do not exist for obtaining comparative quotations, there is an adequate
 internal control system commensurate with the size of the company and
 the nature of its business for the purchase of fixed assets, inventory
 and for the sale of goods and services. Further, on the basis of our
 examination of the books and records of the company, and according to
 the information and explanations given to us, we have neither come
 across nor have been informed of any continuing failure to correct
 major weaknesses in the aforesaid internal control system.
 
 5.  According to the information and explanations given to us, there
 have been no contracts or arrangements referred to in section 301 of
 the act during the year to be entered in the register required to be
 maintained under that section. Accordingly, commenting on transactions
 made in pursuance of such contracts or arrangements does not arise.
 
 6.  The company has not accepted any deposits from the public within
 the meaning of section 58A and 58AA of the act and the rules framed
 there under.
 
 7.  In our opinion , the company has no internal audit system
 commensurate with its size and nature of its business.
 
 8.  (a) According to the records, during the year, the company is not
 regular in depositing with appropriate authorities undisputed statutory
 dues including Provident Fund, Investor Education and Protection Fund,
 Employees Stae Insurance, Sales Tax, Income Tax, Service Tax applicable
 to it and there have been substantial delays in all cases.
 
 (b) In our opinion and according to the information and explanation
 given to us, the following arrears are outstanding as at 31st March
 2012 for more than Six months:
 
 Particulars                             Amount (Rs.)
 
 Provident Fund Penalty                   7,82,025/-
 
 Income Tax deducted at source              47,107/-
 
 9. The Company has accumulated losses as at 31st March 2012 and it has
 incurred cash losses in the financial year ended on that date and in
 the immediately preceding financial year also.
 
 10. The Company has not granted any loans and advances on the basis of
 security by way of pledge of shares, debentures and other securities.
 
 11.  In our opinion, the Company is not a dealer or trader in shares,
 securities, debentures and other investment.
 
 12.  In our opinion and according to the information and explanations
 given to us, the company has not given any guarantee for loans taken by
 others from banks or financial institutions during the year.
 
 13. The company has not obtained any term loans during the year.
 
 14. On the basis of an overall examination of the balance sheet of the
 company, in our opinion and according to the information and
 explanations given to us, there are no funds raised on a short term
 basis which have been used for long term investment.
 
 15. 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 during the year.
 
 16. The Company has not raised any money by public issues during the
 year.
 
 17. During the course of examination of the books and records of the
 Company, carried out in accordance with the generally accepted auditing
 practices in India, and according to the information and explanations
 given to us, we have neither come across any instance of fraud on or by
 the Company, noticed or reported during the year, nor have we been
 informed of such case by the management.
 
 18. The other clauses (ii), (iii) (b), (iii)(c), (iii)(d),
 (iii)(f),(iii)(g),(viii),(xi),(xiii) and (xix) of paragraph 4 of the
 Companies (Auditor''s Report) Order 2003, relating to inventory, cost
 records, chit fund business, change in respect of debentures as amended
 by the Companies(Auditor''s Report)(Amendment) Order 2004 are not
 applicable in the case of the Company for the current year, since in
 our opinion there is no matter which arises to be reported in the
 aforesaid order.
 
                                  For C. Ramchandram & Co.
 
 Place: Hyderabad                 Chartered Accountants
 
 Date: 30-08-2012                 Firm Reg. No. 002864S
 
                                 (Sd/-)
 
                                  C.   Ramchandram
 
                                  Partner
 
                                  Membership No.025834