[~J
MPR
& Co., Chartered Accountants E-54, L.G.F., Lajpat Nagar-II New Delhi-110 024 Telephone: +9111 4657 2254 E-mail:
[email protected] is" July
2012
Managing Director CL Educate Limited 15A, Knowledge Park -II, Greater Noida (India)
Dear Sir This is with reference
to your instructions
relation to CL Educate Accountants,
Limited
vide our en~agement
(hereinafter
letter dated
called CL) approaching
ih
May 2012 in
MPR & Co., Chartered
to externally validate the below data by comparing CL's data base with the lists for
the below-mentioned,
as published on the CAT/11M website(s).
Total number of CL students selected for the Interview Call-
Stage I from alillMs;
The aggregate of calls received by these CL students from all these IIMs; and Number of CL students who secured 100 percentile
Sources of information The information contained in our report is based only on: Enrolment Forms and Fee receipts provided
by CL
Master Lists of Candidates provided by CL Results from http://weaiimcalcat.catiim.in/ (with inputs of CAT Regn. No. or pdf of list of candidates selected) Ahmedabad PGP - http://115.111.80.206/catselioxxe232a3c2011tsk.php Ahmedabad ABM - http://115.111.80.206/abmcatselioxxe232a3c2011tsk.php Bangalore - http://hrm.iimb.ernetin/iimb/pgp2012/pgpcallforinterview.htm Calcutta - http://web1.iimcal.ac. in/catresu 1t2012/index. asp . Indore - http://www.iimidr.ac.inliimi/pages/results/pgp-watpi-int.php Kozikode _ Stage II _ http://www.iimk.ac.in/admissionpackage2012/PDFstage2/ Kozikode Stage I -http://www.iimk.ac.in/admissionpackage2012/PDFstage2/venue1 Lucknow - http://www.iiml.ac.in/pgp
gdpi.php?PHPSESSID=a9bf731474686e62c2a3bOf53504ffe9
Shilong - http://www. iimshillong. in/admission/studentstatus.aspx 6 11M List -Kashipur, Raipur, Ranchi, Rohtak, Trichy, Udaipurhttp://www.iimranchi.ac.in/6iims admissions/list! Discussions with Mr. Pawan Sharma, CL
Login. php
M P R & Co., Chartered Accountants Conclusion Based
on our examination
of records
and various
hereinabove, our conclusion of the above-mentioned
1.
sources
of information
as mentioned
data validation exercise is as under:
We could validate data for a total of 2,298 CL students who received interview calls from at least one 11M
2.
The maximum calls for these CL students could be estimated at 11,692. The breakup of which is as under:
a) a total of 3,346 calls for some of these students from all IIMs except 6 IIMs* for which the common admission process was conducted b)
by 11MRanchi
a total of 1,391 CL students out of the above 2,298 students to have received
calls from 11MRanchi for the common admission process assumed that every student for which
the common
of 6 IIMs' and if it is
was called by all the 6 IIMs as mentioned
admission
process
conducted
above,
by 11M Ranchi,
the
maximum number of calls from these IIMs can be estimated as 8,346 3.
We could verify names of 5 CL students with 100 percentile. Their names areAjinkya
Ganjan Deshmukh,
Kedia and Soumyajit
Vidish Iyer, Shashank
G,handrahas Basu, Vishal
Sanyal
"'11MRanchi, 11MRontak, 11MReipur, 11MTri~hY; JIM Kashipur andllM
Udapiur
qw
Scope of work and limitations This data validation
exercise did not constitute an audit in accordance
with Auditing Standards
and is strictly limited to the scope of work as defined in the letter of engagement
dated
r"
May
2012. The findings are limited strictly to the examination mentioned hereinabove.
of records and sources of information
as
There may be information, other than those noted in the report, which
. might be relevant in the context of the transaction and which a wider scope review might uncover.
Limitation of liability Our liability will be limited to that part of any loss suffered which is proportional to our responsibility and at no time shall this exceed the fee that we have received from this assignment.
.V:7
M P R & Co., Chartered Accountants Confidentiality This report was confidential
and had been prepared
exclusively
for the directors
of CL.
Therefore, if the report is produced to any outside party, we do not accept any responsibility for reliance by them in acting or refraining from acting on the contents of the report.
General This report is issued on understanding to the issue reported
that the management of CL had brought all matters related
to our attention
as on the date of report. Events and circumstances
occurring after the date of our report will, in due course, render our report out of date and, accordingly,
we will not accept a duty of care nor assume a responsibility
actions which are based upon such an out of date report. Additionally, to update this report for events and circumstances
ForMPR & Co. Chartered Accountants
\
C,c1
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=>:
Pi
sl1Garg
Partner
for decisions and
we have no responsibility
occurring after the report date.