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REVIEW REPORT TO lWs TCM Limited

We have reviewed the accompanying income statement of lWs TCM Limited at 30th
June,2016 these financial statements have been approved by the board of directors of the
company and are the responsibility of the company's management. Our responsibility is
to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard of Review Engagements

(SRE) 2440, Engagements to Review Financial Statements issued by the Institute of
Chartered Accountants of India. This Standard requires that we plan and perform the
review to obtain moderate assurance as to whether the financial statements are free of
material misstatement. A review is limited primarily to inquiries of company personnel
and analytical procedure applied to financial data and thus provides less assurance than
an audit. We have not performed an audit and, accordingly, we do not express an audit
opinion.
Based on our review, nothing has come to our attention that causes us to believe that the
accompanying financial statements do not gtve a true and fair view (or 'are not presented
fairly, in all material respects') in accordance with Accounting Standards issued by the
Institute of Chartered Accountants of India.

06-08-2016
Kochi-25

FORVBSK& COMPANY
Chartered Accoun

2t02tt)

35/96 J, Amruthavarshini, Puthenpurackal Road, Palarivattom, Kochi -682025 Ph: (0) 0484 2346267,(R) 0484 2335326 Mob:98471 16701 E-mail: suresh-gopina$@hotmail.com

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