To the Members of

NU TEK INDIA LIMITED

A-213, Road No.-4, Gali No.-11

Mahipalpur, New Delhi- 110037

Report on the Financial Statement

We have audited the accompanying financial statements of Nu Tek India Limited (?the Company ) which comprise the balance sheet as at 31st March, 2015, the statement of profit and loss, Cash Flow Statement for the year ended and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company‘s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013(?the Act ) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flow in accordance with the accounting principles generally accepted in India including the Accounting standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, 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.

Auditor's Responsibility

Our responsibility is to express an opinion on these standalone financial statements based on our audit.

We have taken into account the provisions of the Act, the Accounting and Auditing Standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. 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 misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor‘s 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 financial control relevant to the Company‘s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Company‘s directors, 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 on the standalone financial statements.

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 of the state of affairs of the Company as at 31st March 2015, and its Profit and its Cash Flow for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the companies (Auditor‘s Report) Order, 2015 (?the Order ) issued by the central government of

India in terms of sub-section (11) of section 143 of the Companies Act 2013, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable. 2.As required by section 143(3) of the Act and Companies (Audit and Auditors) Rule 2014, we report that:

a) We have sought and 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 aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

e) In our opinion, there are no adverse observations and comments on the financial transactions of the matters which have adverse effect on the functioning of the Company

f) On the basis of the written representations received from the directors as on March 31, 2015, taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2015, from being appointed as a director in terms of Sub-Section 2 of Section 164 of the Companies Act, 2014.

g) In our opinion, there are no qualifications, reservation or adverse remark relating to maintenance of accounts and other matter connected therewith. h) With respect to the other matters to be included in the Auditor‘s Report in accordance with Rule 11 of the

Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i) The Company does not have any pending litigations which would impact its financial position.

ii) The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For SUMAN JEET AGARWAL & CO

Chartered Accountants

(FRN: 011945N)

Suman Jeet Agarwal

Partner

Membership No: 091017

Place: New Delhi

Date: 30.05.2015

Annexure to the Independent Auditors' Report

The annexure referred to in our Independent Auditors‘ Report to the members of the company on the standalone financial statements for the year ended 31st March, 2015, We report that:

1) In respect of its fixed assets

(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets;

(b) As explained to us all the assets have been physically verified by the management at regular interval. According to the information and explanation given to us, no material discrepancies were noticed on such verification.

2) The company does not have any physical inventory at the reporting period, thus the paragraph 3(ii) of the Order is not applicable.

3) The Company has not granted unsecured loans to companies, firms or other parties covered in the register maintained under section 189 of the Companies Act 2013 and accordingly, the provisions of clause (iii) of paragraph 3 of the Order are not applicable to the Company.

4) In our opinion and according to the information and explanation given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in such internal control system.

5) In our opinion and according to the information and explanation given to us, the Company has not accepted any deposits from the public. Thus the provision of clause (v) of paragraph 3 of the Order are not applicable to the company.

6) In our opinion and according to the information and explanation given to us, the requirements for maintenance of cost records pursuant to the companies (Cost records and Audit) Rules, 2014 specified by the Central Government of India under section 148 of the Companies Act, 2013 are not applicable to the Company for the year under audit.

7) According to the information and explanation given to us and the books of account examined by us, in respect of Statutory Dues

(a) The Company is not regular in depositing undisputed statutory dues including provident fund, employees' state insurance, income-tax, sales-tax, wealth tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues with the appropriate authorities. There is arrears of outstanding statutory dues as at the last day of the financial year concerned for a period of more than six months from the date they became payable.

Name of the Statute Amount ( in Lakhs) Period to which dues relates
VAT 1.44 F/ Y 2013-14
- F/ Y 2014-15
WCT 6.71 F/ Y 2013-14
- F/ Y 2014-15
CST 0.05 F/ Y 2013-14
0.13 F/ Y 2014-15
Provident Fund* 1.87 F/ Y 2013-14
13.30 F/ Y 2014-15
Employee State Insurance* 17.70 F/ Y 2013-14
18.66 F/ Y 2014-15
Professional Tax 1.47 F/ Y 2013-14
0.13 F/ Y 2014-15
Welfare Fund 0.84 F/ Y 2013-14
0.03 F/ Y 2014-15

* Provident Fund and Employee State Insurance includes both Employer‘s and Employee‘s Contribution.

The above amount do not include interest and other dues as may be payable on account of no payment/delay on account of any disputes. (b) According to information and explanation given to us, there are no material dues on account of income tax or sales tax or wealth tax or service tax or duty of customs or duty of excise or value added tax or cess, which have not been deposited on account of any dispute. (c) According to information and explanation given to us, there is no amount which is required to be transferred to Investor Education and Protection Fund in accordance with the relevant provisions of the Companies Act, 1956 and rules made thereunder.

8) The Company does not have accumulated losses at the end of the financial year. The Company has not incurred cash losses during the financial year covered by the audit and in the immediately preceding financial year.

9) In our opinion and according to information and explanations given to us, the Company did not any outstanding dues to a financial institutions or bank or debenture holders during the year of audit.

10) In our opinion and according to information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions.

11) In our opinion and according to information and explanations given to us, the Company has not taken any term loan during the year.

12) According to the information and explanations given to us, no material fraud on or by the company has been noticed or reported during the course of our Audit.

For SUMAN JEET AGARWAL & CO

Chartered Accountants

(FRN: 011945N)

Suman Jeet Agarwal

Partner

Membership No: 091017

Place: New Delhi

Date: 30.05.2015