NILSIN ULTRACHEM LIMITED
We have audited the Balance Sheet of M/s. NILSIN ULTRACHEM LTD. as at 31st
March,1995 and Profit & Loss Account of the Company for the year ended on
that date annexed thereto and report that:
1. Further we report that :-
(a) We have obtained all the information and explanation which to the best
of our knowledge and belief were necessary for the purpose of our audit.
(b) In our opinion, proper books of accounts 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 & Loss Account dealt with by this Report
are in agreement with the books of accounts.
(d) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts give the information required
by the Companies Act, 1956 in the manner so required
(I) In the case of the Balance Sheet of the State of Affairs of the Company
as at 31st March, 1995.
(II) In case of Profit & Loss Account on the profit for the year ended on
FOR, SANJIV B. SHAH & CO.
PLACE : AHMEDABAD
DATED : 27TH OCTOBER, 1995.