ndpl infra ltd Auditors report

INDEPENDENT AUDITORS REPORT

TO THE MEMBERS OF NDPL INFRA LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of NDPL INFRA LIMITED ("the Company"), which comprise the Balance Sheet as at 31 March, 2013, the Statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

Managements Responsibility for the Financial Statements

The Companys Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to In Section 211(3C) of the Companies Act, 1956 ("the Act") and In accordance with the accounting principles generally accepted in India, This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the. financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures In the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk. assessments, the auditor considers internal control relevant to the Companys preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys Internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the financial statements.

We believe; that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act 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 31 March, 2013;

(b) in the case of the Statement of Profit and Loss, of the loss of the Company for the year ended on that date; and

(c) In the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date.

Report on. Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order, 2003 ("the Order") issued by the Central Government In terms of Section 227(4A) of the Act, we give in the Annexure a statement on the matters specified In paragraphs 4 and 5 of the Order.

2. As required by Section 227(3) of the Act, 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 purposes of our audit.

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as It appears from our examination of those books.

(c) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books of account,

(d) In our opinion, the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement comply with the Accounting Standards referred to in Section 2il(3C) of the Act.

(e) On the basis of the written representations received from the directors as on 31 March, 2013 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March, 2013 from being appointed as a . director in terms of Section 274(1)(g) of the Act.

	For Deloitte Hasklns & Sells
	Chartered Accountants
	(ICAI Registration No. 015125N)
	Alka Chadha
	Partner
	(Membership No. 93474)
NEW DELHI, 16 May, 2013

ANNEXURE TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 1 under Report on Other Legal and Regulatory Requirements section of our report of even date)

i. Having regard to the nature of the Companys business / activities / results during the year, clauses (i), (ii), (vi), (x), (xi), (xii), (xiii), (xiv), (xv), (xvi), (xviii), (xix) and (xx) of paragraph 4 of the Order are not applicable to the Company.

ii. The Company has neither granted nor taken any loans, secured or unsecured, to/from companies, firms or other parties listed in the Register maintained under Section 301 of the Companies Act, 1956.

iii. In our opinion and according to the information and explanations given to us, . there is an adequate internal control system commensurate with the size of the company and the nature of its business with regard to the sale of services. The Companys operations do not give rise to purchase of inventory, fixed assets and sale of goods. During the course of our audit, we have not observed any major weakness in such internal control system.

iv. Based on the examination of the books of account and related records and according to the information and explanations provided to us, there are no contracts or arrangements with companies, firms or other parties which need to be listed in the register maintained under Section 301 of the Companies Act, 1956.

v. Since the Companys total paid up capital and reserves did not exceed Rs. 50 lacs as at the commencement of financial year, the provision of clause 4(vii) of the Order are not applicable to the Company.

vi. According to the information and explanations given to us, the Central Government has not prescribed maintenance of cost records under Section 209(l)(d) of the Companies Act, 1956 for the Company.

vii. According to the information and explanations given to us In respect of statutory dues:

a. the Company has been regular in depositing undisputed statutory dues, including Income Tax, Service Tax, Cess and other material statutory dues applicable to it with the appropriate authorities

We are informed that the provisions of Employees Provident Fund and Miscellaneous Provisions Act, 1952 and Employees State Insurance Act, 1948 are not applicable to the Company and the operations of the . Company during the year did not give rise to any liability for Investor Education and Protection Fund, Sales Tax, Wealth, Tax, Customs Duty and Excise Duty.

b. there were no undisputed amount payable In respect of Income Tax, Service Tax, Cess and other material statutory dues In arrears as at 31 March, 2013 for a period of more than six months from the date they became payable.

We are informed that the provisions of Employees Provident Fund and Miscellaneous Provisions Act, 1953 and Employees State Insurance Act, 1948 are not applicable to the Company and the operations of the Company during the year did not give rise to any liability for Investor Education and Protection Fund, Sales Tax, Wealth Tax, Customs Duty and Excise Duty.

c. there are no dues in respect of Income Tax, Service Tax and Cess which have not been deposited on account of any dispute.

We are informed that operations of the company during the year did not give rise to any liability for Sales Tax, Wealth Tax, Customs Duty and Excise Duty.

viii. In our opinion and according to the information and explanations given to us, and on an overall examination of the Balance Sheet, we report that funds raised on short term basis have not been used during the year for long-term investment.

ix. To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no fraud on the Company has been noticed or reported during the year.

	For Deloitte Haskins & Sells
	Chartered Accountants
	(ICAI Registration No. 015125N)
	Alio Chadha
NEW DELHI, 16 May, 2013	Partner
	(Membership No. 93474)