Rajnish Wellness Ltd Auditors Report.

To the Members of RAJNISH WELLNESS LIMITED

We have audited the accompanying financial statements of Rajnish Wellness Limited (Formerly known as " Rajnish Hot Deals Private Limited"), which comprise of Balance Sheet as on 31 st March, 2018, the Statement of Profit & Loss Account for the year ended, the Statement of Cash flow for the year ended and a summary of significant accounting policies and other explanatory statements.

The companys Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 with respect to the preparation and presentation 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 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 the 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 free from material misstatement, whether due to fraud or error.

Our responsibility is to express an opinion on these 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 misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depends upon the auditors judgment, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial controls relevant to the companys 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 the accounting policies used and the reasonableness of the accounting estimates made by the compan/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 financial statements.

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 31 stMarch , 2018, its profit and loss account and its cash flow for the rear then ended.

• As required by the Companies (Auditors Report) order, 2016 issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the Annexure a statement on the matters specified in the paragraph 3 & 4 of the order, to the extent applicable.

• As required by section 143 (3) of the Act, we report that:

- We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit.

- In our opinion proper books of account as required by the law have been kept by the Company so far as it appears from our examination of those books.

- The balance sheet, the statement of profit & loss account and the cash flow statement dealt with by this report are in agreement with the books of accounts.

- In our opinion the aforesaid, financial statements comply with the Accounting Standards specified under section 133 of the act, read with Rule 7 of the Companies (Accounts) Rules, 2014 .

- On the basis of the written representations received from the Directors as on 31 st March, 2018 taken on record by the Board of Directors, none of the director is disqualified as on 31 st March, 2018 from being appointed as a director in terms of Section 164(2) of the Act;

- With respect to the adequacy of internal financial control over financial reporting of the company and the operating effectiveness of such controls, refer to our separate report in Annexure B and

- With respect to the other matters to be included in the Auditors Report in accordance with the 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 :

a. There were no Pending Litigation on the Company.

b. The provisions as required under the applicable law or accounting standards for material foreseeable losses if any on the long term contracts including derivative contracts are not applicable to the company.

c. There has been no such requirement for transferring amounts, required to be transferred to the Investor Education and Protection Fund transfer by the Company.

The annexure referred to in our Independent Auditors Report to the members of the Company on the standalone financial statements for the year ended 31 st March, 2018, we report that:

1) The Company has maintained proper records showing full particulars, including details and situation of fixed assets.

2) The Company has a regular programme of physical verification of its fixed assets by which fixed assets are verified in a phased manner at regular intervals. In accordance with the programme, certain fixed assets were verified during the year and no material discrepancies were noticed on such verification.

3) According to the information and explanations given to us and on the basis of out examination of the records of the company there are immovable properties held in the name of the company and hence the paragraph 3(i)(c) of the order is not applicable to the Company;

As explained to us, Physical verification of inventories has been conducted at reasonable intervals by the management and no material discrepancies were noticed on such physical verification.

• The Company has not generated any loans, secured or unsecured to companies, firms, limited liability partnerships or other parties covered in the register under section 189 of the Companies Act, 2013 . Therefore paragraph 3(iii) of the Order is not applicable to the company;

• In our opinion and according to the information and the explanations given to us, the company has not made any investments or provided any guarantees or security to the parties covered under section 185 and 186 of the Act. Accordingly the provisions of paragraph 3(iv) of the Order are not applicable to the Company.

• The Company has not accepted any deposits from the public within the meaning of section 73 to 76 of the Act. Accordingly, paragraph 3(v) of the order is not applicable.

• The central government has not prescribed the maintenance of cost records under section 148(1) of the act, for any of the products traded by the company. Accordingly, paragraph 3(vi) of the order is not applicable.

• (A) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of unpublished statutory dues including provident fund, income tax, sales tax, wealth tax, service tax, duty of customs, value added tax, cess, GST & other material statutory dues have been regularly deposited during the year by the company with the appropriate authorities. As explained to us, the Company did not have any dues on account of employees state insurance and duty to excise.

• (B) According to the information and explanations given to us , no undisputed amounts payable in respect of provident fund, income tax, sales tax, wealth tax, service tax, duty of customs, value added tax, cess, GST and other material statutory dues were in arrears as at 31 st March, 2018 for a period of more than A months from the date they became payable.

• Based on the audit procedures and on the basis of information & explanations given by the management, the Company has not defaulted in repayment of loans or borrowings to any financial institutions or banks. The company has not taken any loans from the government. The company has not issued any debentures as at the balance sheet date.

• The company has not raised any money by way of initial public offer during the year. The company has not raised any money byway of further public issue (including debt instruments) during the year. Accounting information and explanations given to us, terms loans have been applied for the purpose for which they were obtained.

• According to the information and explanations given to us, no material fraud by the company as on the company by its officers or employees has been noticed or reported during the year, nor have we been informed of any such case by the management.

• The Managerial remuneration has been paid or provided during the year which does not exceed the limits prescribed in section 197 read with the applicable schedule of the act. Accordingly requisite approvals mandated by the provisions of section 197 read with Schedule v of the Companies act, 2013 are not applicable.

• In our opinion an according to the information and explanations given to us and based on our examinations, the company is not a Nidhi company. Accordingly paragraph 3xii) of the order is not applicable.

• According to the information and explanations given to us and based on our examination of the records of the company transactions with the related parties are in compliance with sections 177 and 188 o the Act where applicable and details of such transactions have been disclosed in the financial statements are required and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards.

• According to the information and explanations given to us and based on our examination of the records of the company, the company has not made any preferential allotment or private placement of shares. The company gas not issues any convertible debentures during the year.

• According to the information and explanations given to us and based on our examination of the records of the company, the company has not entered into non-cash transactions with directors or persons connected with him. Accordingly paragraph 3(xv) of the order is not applicable.

• The company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

Referred in paragraph 2(f) Report on Other Legal Requirements in our Independent auditors report to the members of the company on the financial statements for the year ended 31 st March, 2018.

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of Rajnish Wellness Limited ("the company") as of 31 st March, 2018 in conjunction with our audit of the financial statements of the company for the period ended on that date.

Managements Responsibility for the Financial Statements

The compan/s management is responsible for establishing and maintaining internal financial controls based on the internal controls over internal financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance note on internal financial control over internal financial reporting issued by the Institute of Chartered Accountants Of India ("ICAI"). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business , including adherence to the compan/s policies, the safeguarding of its assets, the prevention and detection of frauds and errors , the adequacy and completeness of the accounting records, and the timely preparation of reliable financial information as required under the Companies act, 2013.

Auditors Responsibility

Our Responsibility is to express an opinion on the Compan/s Internal Financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting and the Standards on Auditing issued by the Institute of Chartered Accountants of India. And deemed to be prescribed under section 143(10) of the companies act 2013. The extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and , both issued by the Institute of Chartered Accountants of India . Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial reporting systems over financial reporting and their operating effectiveness, Our audit if internal financial controls over financial reporting included obtaining an understanding of internal controls over internal reporting , assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditors judgment, including the assessment of the risk of material misstatements of financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the compan/s internal controls system over financial reporting

Meaning of Internal Financial Controls over Financial Reporting

A Compan/s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial; statement for external purposes in accordance with generally accepted accounting principle. A compan/s internal financial control over financial reporting included those policies and procedures that:

(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the Company; and

(3) provide reasonable assurance regarding prevention or timely detection of authorized acquisition , use, or disposition of the compan/s assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusions or improper managements due to error or fraud may occur and not be detected. Also projections of any evaluations of the internal financial controls over financial reporting to future projects are subject to risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedure may deteriorate.

Opinion

In our opinion , the Company has , in all material respects, an adequate internal financial controls systems over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31.03.2018, based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the guidance note on audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India

ForM/s. Pramod & Associates

Chartered Accountants

(Firm Registration No. 001557C)

Vipul 1. Sheth

Partner

(Membership No. 101282)

Place :Mumbai

Date :16th August, 2018