1.	We have audited the attached Balance Sheet of BULLAND BUILDMART PRIVATE LIMITED as at 31st March, 2009 and related Profit & Loss Account and Cash Flow Statement for the year ended on that date annexed thereto, which we have signed under reference to this report. 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.
2.	We have 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.
3.	As required by the Companies (Auditor's Report) Order, 2003, as amended by the Companies (Auditor's Report) (Amendment) Order, 2004, issued by the Central Government of India in terms of Section 227 (4A) of 'The Companies Act, 1956 of India (the 'Act') and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanations given to us, we further report that :
3.1	(a)	The Company has maintained proper records to show full particulars including quantitative details and situation of its fixed assets.
	(b)	The fixed assets of the company have been physically verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed.
	(c)	During the year no fixed assets have been disposed off by the Company.
3.2	The Company has neither granted nor taken during the year any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained under section 301 of the Act.
3.3	In our opinion and according to information and explanations given to us, there is adequate internal control system commensurate with the size of the Company and nature of its business for purchase of fixed assets. In our opinion, there is no continuing failure to correct major weaknesses in the internal control system.
3.4	In our opinion and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in section 301 of the Act have been entered in the register required to be maintained under that section where applicable.