OCEAN KNITS LIMITED
We have audited the attached Balance sheet of M/S, OCEAN KNITS LIMITED, as
at March 31st 1995, and also the annexed Profit and Loss Account for the
period ended on that date and report that:-
1. We have obtained all the information and explanations which to the best
of knowledge and belief were necessary for the purpose of our Audit.
2. In our Opinion, proper Books of Account as required by Law have been
kept by the company so far as it appears from the examination of the books.
Attention is drawn to Note 4 regarding confirmation of balances awaited.
3. The Balance Sheet and Profit and Loss Account are in agreement with the
Books of Accounts.
4. In our opinion and to the best of our information and according to the
explanation given to us, the said accounts together with the accounting
policies and notes thereon give the information required by the Companies
Act, 1956 in the manner so required to give a true and fair view.
a. In the case of Balance Sheet, of the state of affairs of the Company as
at March 31, 1995 ; and
b. In the case of the Profit and Loss Account of the Profit for the year
ended on that date.
For SHAH & DESAI
DATED: 14TH SEPTEMBER, 1995.