KAVINI ISPAT LIMITED
The Members of
Kavini Ispat Limited
We have audited the attached Balance Sheet of KAVINI ISPAT LIMITED as at 31st
March, 1994. No profit and loss account has been prepared as no commercial
operations were started upto the date of Balance Sheet and we report that:
a. We have obtained all the infor ,mation and explanations which to the best
of our knowledge and beliefwere 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 it appears from our examination of those books.
c. The balance sheet dealt with by this report is in agreement with the books
d. In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read with the notes thereon, give
the information as required by the Companies Act, 1956 in the manner so
required and 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, 1994.
For BASIL MIRANDA & CO
Madras BASIL MIRANDA
June 25, 1994 (Chartered Accountant)