DENMUR FAX ROLL LIMITED
We have audited the attached Balance Sheet of DENMUR FAX ROLL LIMITED as at
31.3.1995 and 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 account as required by law have been
kept by the company so far as appears from our examination of the books.
c) The Balance Sheet dealt with by this report are in agreement with the
books of account.
d) In our opinion and to the best of our information and according to the
explanations given to us the said accounts, Subject to:
Note No: 8 to the Accounts, regarding treatment of Net Expenses incurred
over Income as Pre-operative Expenses pending allocation and non-provision
of Depreciation based on the legal opinion obtained by the Company, which
in our opinion, are not in accordance with the Guidelines prescribed by the
Institute of Chartered Accountants of India, and consequent impact on the
loss for the Period, which could not be quantified and read with the notes
thereon, give the information required by the Companies Act, 1956, in the
manner so required:
Give a true and fair View
In the case of the Balance Sheet of the STATE OF AFFAIRS of the company as
at 31st March, 1995.
For KRISHAAN & CO.
Place : Madras
Date : 27th October, 1995.