MANGLAM INDUSTRIES LIMITED
We have audited the attached Balance Sheet of M/s. MANGLAM INDUSTRIES LTD.
- SURAT as as 31st March, 1995 and Profit and Loss Account for the period
ended on that date attached thereto and we report that :-
1. 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.
2. In our opinion, proper books of accounts as required by law have been
kept by the Company, so far as appears from our examination of the books.
3. The Balance Sheet and Profit and Loss Account dealt with by the report
are in agreement with the books of accounts.
4. In our opinion and to the best of our information and according to the
explanation given to us, the accounts give the information required by the
Companies Act, 1956 in manner so required and give a true and fair view:
(a) In the case of the Balance Sheet of the Company, of the state of
affairs of the Company as at 31st March, 1995.
(b) In the case of the Profit and Loss Account profit earned for the year
ended on that date. (Being period from 01-04- 94 to 31-03-95).
5. Statement of the matters required to be made as per manufacturing and
other Companies (Auditors Report) Order 1988 is as per Annexure 'A'.
For ASHVIN SANGHAVI & CO.
Place : Surat
Date : 23rd November, 1995.