Deep Green Waste and Recycling Inc (DGWR)

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ASCC Balance Sheet 2010 - AUDITOR’S REPORT

ASCC Balance Sheet 2010

M. KOHLI & ASSOCIATES
CHARTERED ACCOUNTANTS
S. C. O. 1004-05, Second Floor
Sector 22-B, Chandigarh-160022
Ph.: 2705641, 2777742

TO THE MEMBERS OF M/S AVTAR SINGH CONSTRUCTION CO PVT. LTD.

1. We have audited the attached Balance Sheet of M/S AVTAR SINGH
CONSTRUCTION CO PVT. LTD., as at 31st March, 2010, the profit and loss account for the year ended on that date annexed thereto. 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 conducted our audit in accordance with the 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 managements, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. Further to our comments, we report that:
i) 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;
ii) In our opinion, proper books of account as required by law have been kept by the company so far as appears from our examination of those books;
iii) The balance sheet, profit and loss account and dealt with by this report are in agreement with the books of account.
iv) In our opinion, the balance sheet, profit and loss account dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956;
v) 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;
vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India;
a) in the case of the balance sheet, of the state of affairs of the company as at 31st March, 2010;
b) in the case of the profit and loss account, of the profit/loss for the year ended on that date.

For M. KOHLI & ASSOCIATES
CHARTERED ACCOUNTANTS

Sd/-
CA MANOJ KOHLI
(PARTNER)

PLACE: CHANDIGARH
DATE: 02.09.2010