OCEANIC MAGNETICS LIMITED
We have audited the attached Balance Sheet of Oceanic Magnetics Limited as
at 31st March, 1995 and report that :-
1. Further to our comments :
a) We have obtained all the informations and explanations which to the
best of our knowledge and belief were necessary for the purpose of our
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 these books.
c) The Balance Sheet dealt with by this report 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 give the information required
by the Companies Act, 1956, in the manner so required and give a true and
fair view of the state of affairs of the company as at 31st March, 1995.
For S KALRA & ASSPCOATES
PLACE : New Delhi
DATED : 17th June, 1995.