HYDDERABAD LAMPS LIMITED
The Members of
Hyderabad Lamps Ltd.
We have audited the attached Balance Sheet of Hyderabad Lamps Ltd., as at
31st March, 1994 and also the Profit and Loss Account for the year ended on
that date annexed thereto.
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 books of the Company
except that the Company accounts for on payments basis.
c) The Balance Sheet and Profit and Loss Account referred to in this report
are in agreement with the books of account.
d) i) as stated in Note. No.3 (a) sundery debtors including interest
receivable, sundery credditors, depositis and advances are subject to
confirmation and reconcliliation wherever necessary.
ii) as stated in Note No: 4 insurance claims of Rs.311.58 lakhs are subject
to final acceptance by the insurance company.
iii) as stated in Note No.5 no provision has been made towards gratuity
amounting to Rs.25.35 lakhs.
Subject to the foregoing, in our opinion and to the best of our information
and according to the explanations given to us, the said Balance Sheet and
Profit and Loss Account read together with the Accounting Policies and other
notes thereon give 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, 1994; and
ii) in the case of the Profit and Loss Account, of the Loss for the year
ended on that date.
for Nataraja Iyer & Co.,
E. S. Ranganath