We have audited the attached Balance Sheet of OSCAR GLOBAL LIMITED'' New
 Delhi as at 31 st March'' 2012 and also the Profit and Loss Account 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. 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 management'' as well as evaluating the overall financial statement
 presentation. We believe that our audit provides a reasonable basis for
 our opinion.
 
 1.  As required by the Companies (Auditors'' Report) Order'' 2003 issued
 by the Central Government of India in terms of sub-section (4A) of
 section 227 of the Companies Act'' 1956'' we enclose in the annexure a
 statement on the matters specified in paragraphs 4 & 5 of the said
 order.
 
 2.  Further to our comments in the Annexure referred to 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 ou examination of those
 books;
 
 c.  The Balance Sheet and Profit & Loss Account dealt with by this
 report are in agreement with the books of accounts;
 
 d.  In our opinion'' the Balance Sheet and Profit & Loss Account dealt
 with by this report comply with the Accounting Standard 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 31st March'' 2012'' and taken on record by the Board < Directors''
 we report that none of the directors is disqualified as on 31s'' March''
 2012 from being appointed as a director in terrr 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 give tr information
 required by the Companies Act'' 1956 in the manner so required and give
 a true and fair view in conformity with tt accounting principles
 generally accepted in India: in the case of Balance Sheet of the state
 of affairs of the company as at 31st March'' 2012 and; - in the case of
 the Profit & Loss Account of the Loss for the year ended on that date.
 
                                
 ANNEXURE TO THE AUDITORS'' REPORT
 
 Reference to paragraph 1 of our report of even date on the account of
 OSCAR GLOBAL LIMITED for the year ended on 31st March 2012
 
 1.  FIXED ASSETS
 
 (a) The Company has maintained proper record showing full particulars
 including quantitative details and situation of fixed assets;
 
 (b) All the fixed assets have been physically verified by the
 management at reasonable intervals and no material discrepancies were
 noticed on such verification;
 
 (c) No part of fixed assets has been disposed off during the year.
 
 2.  INVENTORY
 
 (a) The physical verification of inventory has been conducted at
 reasonable intervals by the Management;
 
 (b) The procedures of physical verification of inventory followed by
 the management were reasonable and adequate in relation to the size of
 the company and the nature of its business; (c) The company has
 maintained proper records of inventory and no material discrepancies
 were noticed on physical verification;
 
 3.  The Company has not taken any loans'' secured or unsecured from
 companies'' firms or other parties listed in the register maintained
 under section 301 of the Companies Act'' 1956. The Company has also not
 taken any loan from a company under the same management as defined
 under section (IB) of Section 370 of the Companies Act'' 1956.
 
 4.  The Company has not granted any loans'' secured or unsecured to
 companies'' firms or other parties listed in the register maintained
 under Sec.301 of the companies act'' 1956.
 
 5.  In our opinion and according to the information and explanation
 given to us there are adequate internal control procedures commensurate
 with the size of the Company and the nature of the business with regard
 to purchases of inventory'' fixed assets and for the sales of goods.
 There are no continuing failure to correct major weaknesses in internal
 control;
 
 6.  According to the information and explanation given to us'' there
 were no transactions of sale of goods'' materials and services'' made
 with the parties in pursuance of contracts or arrangements entered in
 register maintained under section 301 of the Companies Act'' 1956. Hence
 no comments required.
 
 7.  The Company has not accepted any deposits from the public to which
 the provision of Sec. 58A of the Companies Act'' 1956 apply.
 
 8.  The company has reasonable Internal Audit System commensurate with
 its size and nature of its business.
 
 9.  The Central Govt'' has not prescribed maintenance of Cost Records
 under Sec. 209(1 )(d) of Companies Act'' 1956.
 
 10.  (a) None of the undisputed amounts payable in respect of Income
 Tax'' Wealth Tax'' Sales Tax'' Custom Duty'' Excise Duty including
 Provident Fund and Employee''s State Insurance were outstanding as at
 the last day of the financial year concerned for a period of more than
 six months.
 
 (b) There has been no disputed amount to be deposited in respect of
 Sales Tax'' Income Tax'' Custom Tax'' Wealth Tax'' Excise Duty and Cess
 etc;
 
 11.  There has been accumulated losses at the end of financial year
 amounting to Rs. 571.52 (prev. year 572.56 Lacs);
 
 12.  The company has not defaulted in repayment of dues to a financial
 institution or bank;
 
 13.  The Company has not granted any loans and advances on the basis of
 security by way of pledge of shares'' debentures and other securities;
 
 14.  The provisions of any special statute applicable to chit fund does
 not apply to the company;
 
 15.  The company is not dealing or trading in shares'' securities''
 debentures and other investments;
 
 16.  The company has not given any guarantee for loans taken by others
 from banks or financial institutions;
 
 17.  The company has not raised any term loan during the financial
 year;
 
 18.  The company has not used funds raised on short term basis for long
 term investment and vice versa;
 
 19.  The company has not made any preferential allotment of shares
 during the financial year;
 
 20.  The company has never raised any money through Debenture issue;
 
 21.  The company has not raised any money through public issue during
 the year under review;
 
 22.  The company has not reported or noticed any fraud on or by the
 company during the financial year.
 
                                              For SUSHIL VIPAN & CO.
                                               CHARTEREDACCOUNTANTS
 
 PLACE: DELHI
 
 DATED: May 25''2012                               (VIPAN AGGARWAL)
 
                                                     PROPRIETOR
 
                                                    M.NO. 84726
 
                                                  F.R.No. 006127K