FORM VAT 240 [See rule 34(3)] AUDITED STATEMENT OF ACCOUNTS UNDER SECTION 31(4) OF THE KVAT ACT,

2003 ----------CERTIFICATE Certified that I / we being a Chartered Accountant / Cost Accountant / Tax Practitioner have audited the accounts of 2010-2011 (Name and address of the dealer) BABA MARKETING NO.31/1,EAST CIRCLE, V.V.PURAM, BANGALORE-56004 having registration No. (TIN) 29680738584 for the year ending 31-3-2011 and that subject to my / our observations and comments about non-compliance, short comings and deficiencies in the returns filed by the dealer, as given in the attached report, 1 2 3 4 5 The books of account and other related records and registers maintained by the dealer are sufficient for the verification of the correctness and completeness of the returns filed for the year; The total turnover of sales declared in the returns include all the sales effected during the year; The total turnover of purchases declared in the returns include all the purchases made during the year; The adjustment to turnover of sales and purchases is based on the entries made in the books of account maintained for the year; The deductions from the total turnover including deduction on account of sales returns claimed in the returns are in conformity with the provisions of the law; The classification of goods sold, rate of tax applicable and computation of output tax and net tax payable as shown in the return is correct; The computation of classification of goods purchased, the amount of input tax paid and deductions of input tax credit claimed in the return is correct and in conformity with the provisions of law; The utilization of statutory forms under the KVAT Act ,2003 and the CST Act,1956 is for valid purposes; and Other information given in the returns is correct and complete. Summary of the additional tax liability or additional refund due to the dealer on audit for the year are as follows:Sl. No. 1 2 3 4 5 Particulars Amount as per return (in Rs.) 13,39,176=41 12,20,303=03 -----NIL----------NIL----------NIL----------NIL----------NIL----------NIL-----Correct amount determined on audit (in Rs.) 13,39,176=41 12,20,303=03 -----NIL----------NIL----------NIL----------NIL----------NIL----------NIL-----Difference (in Rs.)

6 7 8 9

Output tax payable under the KVAT Act, 2003 Input tax deduction claimed under Section 10 Ineligible input tax deduction under Section 11 Refund of excess input tax credit claimed in the return Any other item (specify) Tax payable under the CST Act, 1956

-----NIL----------NIL----------NIL----------NIL----------NIL----------NIL----------NIL----------NIL------

The dealer has been advised to file revised returns for the period / month (i) (ii) (iii) pay differential tax liability of Rs NIL and penalty of Rs NIL claim refund of Rs NIL revise the opening / closing balance of input tax credit of Rs with interest of Rs NIL

NIL

Place :Bangalore Date:28/12/2011

Signature : Name : G.SRINIVASA UPADHYA

Membership No: 020690

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PART-1 GENERAL INFORMATION Name of the dealer L.RAVINDRA Registration Certificate No. (TIN) 29680738584 (i)Status of the dealer (specify whether PROPRIETOR proprietor, etc.) (ii)If partnership firm, name of all the partners Sl.no Name Trade name and full address of the principal place of business BABA MARKETING NO.31/1,EAST CIRCLE, V.V.PURAM, BANGALORE-560004 Place BANGALORE Pincode 560004

(i)Full address of all additional places of business in the State Sl.no Trade Name Address BABA MARETING GODOWN No.507/2,Out House, Ashwathkatte Road, V.V.Puram, Bangalore BABA MARKETING GODOWN NO.10/5,Narahari Krupa S.B.Road, V.V.Puram

BANGALORE

560004

7 8

9 10 11 12 13

14 15

(ii)Full address of all additional places of business outside the State Sl.no Trade Name Address Place Pincode NIL NIL NIL NIL Address of any branch or unit in the State having a different registration number (TIN) Sl.no Trade Name Address Place Pincode NIL NIL NIL NIL Nature of business (specify whether Reseller manufacturer, reseller, works contractor, etc.) Description of 10 major goods sold Sl.no Commodity Name Soaps, Soap Powder, Mop Stic, Mop RF, Toilet Deodrants, Room Freshner, Brushes, Cleaning Powder, Harpic, Lizol, Colin, Dettol, Paper Napkin, Tissue Roll, Garbage Bag, Plastic Goods, Acid Whether opted for composition or not NO Whether permitted under special accounting scheme NO or not Whether availing incentive as a new industrial NO unit(specify whether exemption/deferment) Whether registered under the KTEG Act, 1979 and NO enrolled / registered under the KTPTC & E Act, 1976 Books of account maintained THE BOOKS OF ACCOUNTS ARE COMPUTERISED AND THE GENERATED ARE SALES REGISTER, PURCHASE REGISTER, CASH BOOK, BANK BOOK SUNDRY CREDITORS & DEBTORS, & JOURNAL REGISTER. List of books of account examined ALL THE BOOKS MENTIONED ABOVE HAVE BEEN EXAMINED Method of valuation of opening and closing stocks COST OR MARKET PRICE WELL

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PART 2 PARTICULARS OF TURNOVERS, DEDUCTIONS AND PAYMENT OF TAX Total and taxable turnovers 1,65,82,043=51 Deductions claimed under the KVAT Act, 2003 (specify in respect of each deduction its nature and whether, it is in order and supported by prescribed documents) Details of taxable sales within the State Sl.no Description of goods Soaps, Soap Powder, Mop Stic, Mop RF, Toilet Deodorants, Room Freshner, Brushes, Cleaning Powder, Harpic, Lizol, Colin Dettol, Paper Napkin, Tissue Roll, Garbage Bag, Plastic Goods, Acid Details of purchases Total value of purchases and receipts: and receipts Imports Inter-state purchase Inter-state stock transfer Purchases from registered dealers within the State Purchases from un-registered dealers within the State Details of input tax paid on purchases Sl.no 1 Description of goods

1,25,51,100=10

Less: Exemption, Auto & Transportation & VAT Coll 26,24,889=00+ 66,878=00 +13,39,176=41 Total 40,30,943=41 Taxable Turnover 83,71,948=75 Rate of tax 13.5% Tax payable 11,30,213=86

41,79,151=35

5%

2,08,962=55

1,38,64,662=99 NIL 17,74765=00 NIL 1,20,89,897=99 -----NIL-----Rateof tax Tax paid

TaxableTurnover

Soaps, Soap Powder, Mop Stic, Mop RF, Toilet Deodorants, 75,77,350=34 13.5% 10,22,963=30 Room Freshener, Brushes, Cleaning Powder, Harpic, Lizol, Colin 2 Dettol, Paper Napkin, Tissue Roll, Garbage Bag, Plastic 39,16,888=65 5% 1,97,339=73 Goods, Acid 6 Details of input tax paid on purchases eligible for deduction(give details of capital goods separately and specify whether calculated on the basis of partial rebating formula) Sl.no Description of goods NCG/CG Taxable Turnover Rate of tax Tax paid Partial Rebate 7 Details of input tax paid on purchases ineligible for deduction(give details of capital goods and special rebate separately and specify whether calculated on the basis of partial rebating formula) Sl.no Description of goods NCG/CG Taxable Turnover Rate of tax Tax paid Partial Rebate --NIL---NIL---NIL---NIL---NIL---NIL-8 Details of input tax deduction claimed on purchases relating to inter-State sales and export sales(give details of capital goods and special rebate separately and specify whether calculated on the basis of partial rebating formula) Sl.no Description of goods NCG/CG Taxable Turnover Rate of tax Tax paid Partial Rebate --NIL---NIL---NIL---NIL---NIL---NIL-9 Details of un-adjusted excess input tax credit carried over from the previous year and to the next year previous current

--NIL--

-----NIL----------NIL-----Total and taxable turnovers under the CST Act, 1956 Total Turnovers Taxable turnovers -----NIL----------NIL-----11 Deductions claimed (specify in respect of each deduction its nature, whether it is in order and supported by prescribed documents) -----NIL-----12 Details of taxable sales Sl.no Description of goods Taxable Turnover Rate of tax Tax payable -----NIL----------NIL----------NIL----------NIL-----13 If the dealer has opted for composition indicate the type of composition scheme opted and details of the composition amount paid, its rate and the basis Composition Type -----NIL-----Composition Rate -----NIL-----10

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Composition Amount Details of returns filed

-----NIL------

Month Due Date Date of Filling Tax Paid Date of Payment of Tax PenaltyLevied Interest Paid April 20/05/2010 20/05/2010 4975=00 20/05/2010 -----NIL----------NIL-----May 21/06/2010 21/06/2010 -----NIL----------NIL----------NIL----------NIL-----June 20/07/2010 20/07/2010 11364=00 20/07/2010 -----NIL----------NIL-----July 20/08/2010 20/08/2010 10013=00 20/08/2010 -----NIL----------NIL-----August 20/09/2010 20/09/2010 -----NIL----------NIL----------NIL----------NIL-----September 20/10/2010 20/10/2010 13952=00 13/01/2011 1395=00 523=00 October 20/11/2010 18/11/2010 19949=00 18/11/2010 -----NIL----------NIL-----November 20/12/2010 20/12/2010 30059=00 20/12/2010 -----NIL----------NIL-----December 20/01/2011 20/01/2011 -----NIL----------NIL----------NIL----------NIL-----January 20/02/2011 19/02/2011 217=00 19/02/2011 -----NIL----------NIL-----February 20/03/2011 19/03/2011 22688=00 19/03/2011 -----NIL----------NIL-----March 20/04/2011 20/04/2011 8455=00 20/04/2011 -----NIL----------NIL-----15 Details of inspection of the business premises / books of account of the dealer by departmental authorities on inspection / visit Date of Visit/ Designation of the Additional Tax Penalty CF levied/Collected inspection officer -----NIL----------NIL----------NIL----------NIL----------NIL-----Note: Trading account in respect of each class of goods and manufacturing account in respect of each class of goods (whether taxable or not) along with accounting ratios on sales and other non-sale transactions has to be furnished separately. Wherever the Profit and Loss Account and Balance Sheet contain the details of transactions made outside the State, then the details relating to transactions within the State shall be suitably computed and declared separately. PART 3 PARTICULARS OF DECLARATIONS AND CERTIFICATES Total Amount NIL NIL NIL Amount recovered NIL NIL NIL No. of forms filed NIL NIL NIL Balance NIL NIL NIL

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Details of sales as commission agent (VAT 140) Details of purchases as commission agent (VAT 145) Details of tax deducted at source from the amounts payable to the dealer (VAT 156/158/161) (i)Stock of declarations / certificates / delivery notes under the KVAT Act, 2003. Opening Stock Forms obtained during the year from CTD Forms utilized during the year Loss, if any Closing Balance (ii)Details of any misuse of forms

VAT 140 NIL NIL NIL NIL NIL NIL Form C

VAT 145 NIL NIL NIL NIL NIL NIL Form EI

VAT 156 NIL NIL NIL NIL NIL NIL Form EII

VAT 158 NIL NIL NIL NIL NIL NIL

VAT 161 NIL NIL NIL NIL NIL NIL Form F

VAT 505 NIL NIL NIL NIL NIL NIL Form H

(1)Stock of declarations / under the CST Act, 1956.

certificates

Opening Stock Forms obtained during the year from CTD Forms utilized during the year Loss, if any Closing Balance (2) Details of any misuse of C forms

NIL NIL NIL NIL NIL Number

NIL NIL

NIL NIL

NIL NIL NIL NIL NIL Nature of misuse NIL

NIL NIL NIL NIL NIL

NIL NIL NIL NIL NIL NIL Amount of purchase involved NIL

NIL

The above audit report enclosed to my / our certificate is true and correct.

Place :Bangalore Date: 28/12/2011

Signature : Name : G.SRINIVASA UPADHYA

ANNEXURE TO CERTIFICATE IN FORM VAT 240 DATED . U/S 31(4) OF THE KVAT ACT, 2003. Name of the Dealer : BABA MARKETING On verification of the Books of account .related records and register maintained by the dealer and the information given to us for the period from 1-4-2010 to 31-3-2011 1.SALES REGISTER 2.PURCHASE REGISTER 3.CASH BOOK 4.BANK BOOK 5 SUNDRY CREDITORS 6.SUNDRY DEBTORS 7.JOURNAL REGISTER 8 9