MAKAN AGRO OILS LTD.
To the Members of Makan Agro Oils Limited
We have audited the attached Balance Sheet of Makan Agro Oils Ltd, Delhi, as
at 31st March, 1994 and the Profit and Loss Account for the period ended on
that date, annexed thereto, and 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 laws,have been
kept by the Company,so far as appears from the examinations of those books;
3. the attached Balances Sheet and Profit and Loss Account dealt with by this
report are in agreement with the books of account; and
4 in our opiniorl and to thr best of our information and according to the
explanations given to us,the accounts subject to Note No. 3 with regard to
Interest accrued on Fixed Deposits with bank not accounted for and Note No 4
of Schedule No 18 with regard to Public Issue Expenses not written off and
read together with the other notes thereon give the information required by
the Companies Act,1956, in the manner so required and give a true and fair
a) in the case of the Balance Sheet of the state of affairs of the Company
as at March 31,1994.
b) in the case of the Profit and Loss Account of the profit of the Comapny
for the period ended on that date.
For Bansal Mangal & Associates
Place: New Delhi
Date: 28th Nov, 199444