GLORIA LEASING LIMITED
We have audited the attached Balance Sheet of Gloria Leasing Limited as at
31st March, 1996 and also the Profit and Loss Account for the year ended on
that date, annexed thereto and report that :
We 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 and Profit and Loss Account dealt with by this report
are in agreement with the books of account;
d) (i) No provisions has been made in the accounts for the Interest Payable
on Unsecured Loans from Bank of India from 1.1.1988.
Subject to the foregoing, in our opinion and to the best of our information
and according to the explanations given to us, the accounts given the
information required by the Companies Act, 1956 in the manner so required
and give a true and fair view:
i) In the case of the Balance Sheet , of the state of affairs of the
Company as at 31st March, 1996.
ii) In the case of the Profit and Loss Account of the Profit of Company for
the year ended on that date.
For MEHRA SAXENA & ASSOCIATES
Place : Mumbai
Dated : 27th November, 1996.