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Auditors Report

To
THE MEMBERS,
GUARDIAN SOUHARDA SAHAKARI BANK NIYAMITA
BANGALORE.

Report on the Financial Statements:

We have audited the accompanying financial statements of the GUARDIAN SOUHARDA SAHAKARIBANK NIYAMITA-BANGALORE, which comprise the Balance Sheet as at 31st March 2015, and the Profit and Loss Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

Management's Responsibility for the financial statements:

Management is responsible for the preparation of these Financial Statements that give a true and fair view of the financial position and financial performance in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India. This responsibility includes the design, implementation and maintenance of internal control 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

Auditor's Responsibility:

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the standards on auditing issued by the Institute of Chartered Accountants of India. 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 per forming procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatements of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to Management's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtainedis sufficient and appropriate to provide a basis for our audit opinion.

Opinion:

In our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with schedules and notes there on give the information in the manner so required and give true and fairview:

(a)In the case of balance Sheet, state of affairs as at 31st March 2015;

(b)In the case of the Profit and Loss Account of the Profit for the year ended on that date.

We report 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 have been kept, so far as it appears from our examination of those books;

(c)The Balance Sheet and the Profit & Loss account, dealt with by this report are in agreement with the books of accounts;

 
For Charles Prabakar &  Associates,
Chartered Accountants,
Firm Reg No.0006075

Date: 15-07-2015
Place: Bangalore

(CHARLES PRABAKAR)
MEM NO. 018391