reportof : audit client : net transactions ltd. material : gold … and... · 2015-04-02 · total...

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March 03, 2015

JOB REF : 15-336-0210REPORTOF : AUDITClient : Net Transactions Ltd.Material : Gold BarsWorks : 6YRVSaZ 7JVJMJ Ltd `Canada Vault= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =This is to certify that in connection with the above consignment, we have acted on the instructionsof Net Transactions Ltd, following the agreed procedures, and report the following:

Bar List Date : February 27, 2015Commencing Date : March 2, 2015Completion Date : March 2, 2015Certification Date : March 3, 2015

Description of MaterialLondon Good Delivery, Large Gold Bars said to be purity 99.50% minimum, up to and including99.99%, owned by customers of Net Transactions Ltd.

Audit ProcedureAll of the bars (26) held at the vault as at close of business, (COB) on February 27th 2015 werecheck weighed, visually checked for the bar number, refiner code, and purity then reconciled with6YRVSaZ vault records.

Registered Bars: no registered bars held in this vault.

Anomalies: no anomalies were found.

Remarks1. Total number of bars as at COB February 27, 2015 verified to be 26.2. Total gross Gold weight as at COB February 27, 2015 said to be 10,408.035 Tr. Oz.

and fine weight said to be 10,394.135 Tr. Oz.3. Bars audited showed no counting anomalies with supplied records.4. The weight scale was provided by BrinkYs Canada Ltd

Scale information:Mark: SARTORIUSModel: CPA34001S, Isocalauto calibrating UnitThe scale was calibrated on March 02, 2015 with a 20kg certified test weight prior to theaudit.

For and on behalf ofInspectorate America Corporation

Joe ChapmanRegional Manager / Audit SpecialistThe information contained in this report is deemed accurate only on the day of the audit.

1

March 03, 2015

JOB REF : 15-336-0210REPORTOF : AUDITClient : Net Transactions Ltd.Material : Silver BarsWorks : 7ZSWTb[ 8KWKNK Ltd aCanada Vault= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =This is to certify that in connection with the above consignment, we have acted on the instructionsof Net Transactions Ltd, following the agreed procedures, and report the following:

Bar List Date : February 27, 2015Commencing Date : March 2, 2015Completion Date : March 2, 2015Certification Date : March 3, 2015


Audit ProcedureA sample of 30 bars was selected from the 811 bars held at the vault as at close of business (COB)on February 27, 2015.

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One bar was selected at random from each pallet in the sample for detailed check (total 30 bars)which comprised:- check weighing- visual inspection of each bar for the bar number, refiner code, and purity- reconciliation with Brinks vault records.Anomalies: no anomalies were found.

Remarks1. Total number of bars as at COB February 27, 2015 said to be 811 silver bars.2. Total gross weight as at COB February 27, 2015 said to be 809,301.771 Tr. Oz.3. Bars audited showed no counting anomalies with supplied records.4. The weight scale was provided by BrinkWs Canada Ltd

Scale information:Mark: SARTORIUSModel: CPA34001S, Isocalauto calibrating UnitThe scale was calibrated on March 02, 2015 with a 20kg certified test weight prior to theaudit.

For and on behalf ofInspectorate America Corporation

Joe ChapmanRegional Manager / Audit SpecialistThe information contained in this report is deemed accurate only on the day of the audit.

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3rd March 2015

Report No. : 1501031Job No. : MM2015-0184SHREPORT OF : AUDITClient : Net Transactions Ltd.Material : Gold BarsWorks : G4SI International Logistics (Hong Kong) Ltd c Hong Kong Vault= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = ==========This is to certify that in connection with the above consignment, we have acted on the instructions ofNet Transactions Ltd, following the agreed procedures, and report the following:

Bar List Date : 27th February 2015Commencing Date : 2nd March 2015Completion Date : 2nd March 2015Certification Date : 3rd March 2015


Audit ProcedureAll of the bars (22) held at the vault as at close of business, (COB) on 27th February 2015 were visually

checked for the bar number, refiner code and purity and then reconciled with G4SK vault records.Check all bars for bar number, refiner code and purity against G4SI records.Check weighs all 22 bars.

Registered Bars

All the markings and gross weights for the following registered bar was confirmed to be correct withthe exception of listed anomalies:

Bar Refiner Serial Number Assay Gross Weight OZ Fine Weight OZ

Heraeus Hong Kong! MA0441! 0.9999! 399.640! 399.600!

Anomalies

No anomalies were found.






Remarks

1. Total number of bars verified to be 22 as at COB 27th February 2015.2. Total gross Gold weight as at 2nd March 2015 said to be 8,996.938 Tr. Oz. and fine weight

said to be 8,994.586 Tr.Oz.3. Of the 1 registered bar selected for weighing, was found to be correct as per G4SI

>W\OZWK\SXWKU @XQS[\SM[ $=XWQ ?XWQ% @\Nb[ vault records.4. Scale used:

- Sartorius- Capacity:34kg/Readability:0.1g- Serial no. 28607460- Last calibration date: 09-29-2014.

For and on behalf of

INSPECTORATE INTERNATIONAL LIMITED

Paul Alston






3rd March 2015

Report No. : 1501031Job No. : MM2015-0184SHREPORT OF : AUDITClient : Net Transactions Ltd.Material : Silver BarsWorks : G4SI International Logistics (Hong Kong) Ltd a Hong Kong Vault= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = ========

This is to certify that in connection with the above consignment, we have acted on the instructions ofNet Transactions Ltd, following the agreed procedures, and report the following:


Description of MaterialLondon Good Delivery, Large Silver Bars said to be purity 99.90% minimum, up to and including99.99%, owned by customers of Net Transactions Ltd.

Audit ProcedureA sample of 25 pallets was selected from the 697 bars held at the vault as at close of business, (COB)on 27th February 2015.

The number of bars held on each selected pallet was checked and reconciled with G4S# records.

One bar per pallet was selected at random from each pallet for detailed check (total 25 bars), whichcomprised:- Check weighing- Visual inspection of each bar for the bar number, refiner code, and purity- Reconciliation with G4SI vault records.

Anomalies: no anomalies were found






Remarks1. Total number of bars as at COB 27th February 2015 said to be 697 silver bars.2. Total gross weight as at COB 27th February 2015 said to be 680,770.073 Tr. Oz.3. Bars audited showed no counting anomalies with supplied records.4. The weight scale was provided by G4SI >V[NYVJ[RWVJT @WPRZ[RLZ $=WVP ?WVP% @[MaZ ]J\T[

records.Scale used:

- Sartorius- Capacity:34kg/Readability:0.1g- Serial no. 28607460- Last calibration date: 09-29-2014.



Paul Alston


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3rd March 2015

JOB REF : 1501026REPORT OF : AUDITClient : Net Transactions Ltd.Material : Silver BarsWorks : VIA MAT International Ltd - UK Vault= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =This is to certify that in connection with the above consignment, we have acted on theinstructions of Net Transactions Ltd, following the agreed procedures, and report thefollowing:


Description of MaterialLondon Good Delivery, Large Silver Bars said to be purity 99.90% minimum, up to andincluding 99.99%, owned by customers of Net Transactions Ltd.

Audit ProcedureA sample of 20 pallets was selected from the 6,981 bars held at the vault as at close ofbusiness (COB) on 27th February 2015.

The number of bars held on each selected pallet was checked and reconciled with VIAA5Ga[ ZOMXZN[)

One bar was selected at random from each pallet in the sample for detailed check, (total20 bars) which comprised:

- Check weighing- Visual inspection of each bar for the bar number, refiner code and purity- Reconciliation _S\R I=5 A5Ga[ Zecords.

AnomaliesNo anomalies were found during the audit.


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Remarks1. Total number of bars as at COB 27th February 2015 said to be 6,981.2. Total gross weight as at COB 27th February 2015 said to be 7,105,340.300

Tr. Oz.3. Bars audited showed no counting anomalies with supplied records.4. Scale used:

- Precisa 40000G- 1290 x 0.01 Tr. Oz.- Serial no. 34534- Last calibration date: January 2015



Paul Alston

reportof : audit client : net transactions ltd. material : gold … and... · 2015-04-02 · total...

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