We have audited the attached Balance Sheet of M/s. Vishvprabha Trading
 Limited as at 31st March, 2012 and also the Profit and Loss Account 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.
 
 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.
 
 The Companies (Auditor''s Report) Order, 2003 and the Companies
 (Auditor''s Report) (Amendment) Order, 2004, issued by the Central
 Government of India in terms of sub- section (4 A) of Section 227 of
 the Companies Act, 1956, we annex hereto 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 of our knowledge and belief were necessary for the purposes of our
 audit.
 
 ii. 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,
 
 iii. The Balance Sheet and Profit and Loss Account dealt with this
 report are in agreement with the books of account,
 
 iv. In our opinion, the Balance Sheet, Profit and Loss Account dealt
 with by this report comply with the accounting standards referred to in
 sub-section (3C) of section 211 of the Companies Act, 1956.
 
 On the basis of written representation received from the Directors, as
 on 31El 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;
 
 In our opinion and to the best of our information and according to the
 explanations given to us, the said accounts, read together with the
 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, 2012; and
 
 b) in the case of the Profit and Loss Account, of the Loss for the year
 ended on that date.
 
 c) in the case of the Cash Flow Statement of the Cash flows for the
 year ended on that date.
 
 
 ANNEXURE TO THE AUDITOR''S REPORT
 
 ANNEXURE REFERRED TO IN PARAGRAPH 2 OF OUR AUDITOR''S REPORT OF EVEN
 DATE ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH, 2012 OF
 VISHVPRABHA TRADING LIMITED.
 
 On the basis of such checks as we considered appropriate and in terms
 of the information and explanations given to us, we state that;
 
 1.  Since there are no fixed assets with the Company, the question of
 maintaining records in respect thereof and physical verification of the
 same, does not arise.
 
 2.  (a) As explained to us, the Company has inventories of only Shares
 which have been physically verified by the management at reasonable
 intervals during the year. In our opinion, the frequency of such
 verification is reasonable having regard to the size of the Company and
 the nature of its business.
 
 (b) In our opinion and according to the information and explanation
 given to us, the procedures of physical verification of inventories
 followed by the management are reasonable and adequate in relation to
 the size of the Company and the nature of the business.
 
 (c) The company has maintained proper records of inventory. As
 explained to us, there were no material discrepancies noticed on
 physical verification of stocks, as compared to book records.
 
 3.  a) The Company has not granted any loans, secured or unsecured to
 companies , firms or other parties covered in the register to be
 maintained under Section 301 of the Companies Act, 1956 and hence the
 disclosure under b, c & d are not applicable.
 
 b) The Company has not taken loans & advances from companies, firms or
 other parties covered under the Register maintained under section 301
 of the Companies Act. Accordingly sub-clauses ''f & ''g'' of Clause (iii)
 are not applicable.
 
 4.  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 its
 business for the sale of goods. In our opinion and according to the
 information and explanations given to us, there is no continuing
 failure to correct major weaknesses in internal control.
 
 5.  As explained to us there has not been any transaction during the
 year that need to be entered in the register maintained under section
 301 of the Companies Act 1956 and exceeding during the year to Rs.
 5,00,000 or more in respect of each such party.
 
 6.  The Company has not accepted deposits from the public and hence the
 provisions of Section 58A and 58AA of the Companies Act, 1956, and the
 Rules framed there under are not applicable.
 
 7.  In our opinion, the Company has an internal audit system
 commensurate with the size and nature of its business.
 
 8.  The Central Government has not prescribed maintenance of cost
 records under Section 209(1 )(d) of the Companies Act, 1956.
 
 9.  a) According to the information and explanations given to us, there
 are no undisputed statutory dues payable in respect of Provident Fund,
 Investor Education and Protection Fund, Employees State Insurance,
 Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise
 Duty, Cess which are outstanding as at 31sl March 2012 for a period of
 more than six months from the date they became payable.
 
 c) According to the information and explanations given to us, there are
 no disputed statutory dues in respect of sales tax, income tax, custom
 duty, wealth tax, service tax, excise duty and cess.
 
 10.  The Company does not have accumulated losses at the end of this
 financial year. However there is cash loss during the current financial
 year. There is no cash loss in the immediately preceding financial
 year.
 
 11.  The Company has not obtained any loans from financial institutions
 or bank or debenture holders and hence the question of default does not
 arise.
 
 12.  The company has not granted any loans and advances on the basis of
 security by way of pledge of shares, debentures and other securities of
 a similar nature and hence maintenance of documents and records
 relating to such items are not applicable.
 
 13.  The company is not a chit fund, nidhi or mutual benefit
 fund/Society. Hence the requirements of item (xiii) of paragraph 4 of
 the Order is not applicable to the company.
 
 14.  The company has kept adequate records of its transactions and
 contracts in shares, securities, debentures and other investments and
 timely entries have been made therein. The shares, securities,
 debentures and other investments, are held in the name of the company
 or are in process of being transferred in the company''s name.
 
 15.  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 institutions.
 
 16.  As per information and explanations given to us, the Company has
 not raised any funds on long term basis.
 
 17.  According to the information and explanations given to us, and on
 an overall examination of the Balance Sheet and Cash Flow Statement of
 the Company, we report that no funds raised on short-term basis have
 been used for long-term investments and no long-term funds have been
 used to finance short-term assets.
 
 18.  According to the information and explanations given to us no
 preferential allotment of shares has been made by the company to
 companies, firms or other parties listed in the register maintained
 under section 301 of the Companies Act, 1956.
 
 19.  The company has not issued any debentures. Hence the requirements
 of clause (xix) of paragraph 4 of the Order is not applicable to the
 company.
 
 20.  The Company has not raised any money through a public issue during
 the year.
 
 21.  Based upon the audit procedures performed for the purpose of
 reporting true and fair view of the financial statements and as per the
 information and explanations given by the management, we report that no
 fraud on or by the Company has been noticed or reported during the
 course of our audit.
 
                                         For I. G. NAIK & CO.,
 
                                         Chartered Accountants 
 
                                        (Finn Registration N0.W68IOW)
 
                                         ANITHA BATTA
 
 Place: Mumbai                           PROPRIETOR
 
 Dated:21 AUG 2012 H MUMBAI              Membership No. 034504