| We have audited the Balance Sheet of WASHINGTON SOFTWARES LIMITED as at
31st March 2010 and also the Profit & Loss Account for the year ended
on that date annexed thereto. These financial statements are the
responsibility of the Companys management. Our responsibility is to
express an opinion on these financial statements based on our audit.
1. 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 misstatements. 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.
2. As required by the Companies (Auditors Report) Order, 2003 issued
by the Central Government of India in terms of sub-section (4A) of
section 227 of the Companies Act, 1956, we enclose in the Annexure a
statement on the matter specified in paragraph 4 & 5 of the said order
3. Further to our comments in the Annexure referred to in paragraph 2
above, we state that:
a) We have obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purpose of our
audit.
b) In our opinion proper books of accounts 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 and Profit & Loss Account dealt with by this
report are in agreement with the books of account.
d) In our opinion the Profit & Loss Account and the Balance Sheet dealt
with by this report comply with the Accounting Standards referred to in
sub section (3C) of section 211 of the Companies Act, 1956.
e) On the basis of written representations received from the directors,
as on 31st March, 2010, and taken on record by the Board of Directors,
we report that none of the directors is disqualified as on 31st March,
2010, from being appointed as a director in terms of clause (g) of sub
section (1) of section 274 of the Companies Act, 1956.
f) Attention is invited to following points:
i. Note No. 1 (e) regarding non-ascertainment and non-disclosure of
contingent liabilities in the Balance Sheet.
ii. Note No. 3 regarding non-confirmation of balances appearing to
debits and credits,of various parties. Subject to foregoing above, in
our opinion and to the best of our information and according to the
explanations given to us, the said Balance Sheet and the Profit and
Loss Accounts read together with notes thereon give the information
required by the Companies Act, 1956 in manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted irt India
i.) in so far as it relates to the Balance Sheet of the state of
affairs of the company as at 31st March, 2010 and
ii.) in so far as it relates to the Profit and Loss Account for the
year ended on that date.
Sampath & Associates
DATE: 3rd AUGUST 2010
CHARTERED ACCOUNTANT
PLACE: Pune
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