SARIGAM STEELS LlMITED
We have audited the attached Balance Sheet of SARlGAM STEELS LlMlTED as at
31st March, 1994 and also the annexed Profit & Loss Account for the year
ended on that date and report that:
1) We have obtained all the information & explanation 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 law, have been
kept by the company, so far as appears from our examination of the
3) The Balance Sheet & Profit & Loss Account dealt with by this report are
in agreement with the Books of Account.
4) In our opinion and to the best of our information and according to the
explanations given to us, the accounts subject to :-
i) Note No.4 regarding non-provision of accurring gratuity liability in the
ii) Note No.8 regarding depreciation policy of the company.
iii) Note No.10 regarding Payment of Dividend and read together with other
notes thereon, give the information required by the Companies Act, 1956
in the manner so required and give a true and fair veiw :-
a) In the case of the Balance Sheet, of the state of affairs of the company
as at 31st, March, 1994 and
b) In the case of the Profit & Loss Account, of the profit for the year
ended on that date.
For R. AJMERI ASSOCIATES
Place : Ahmedabad,
Date : 30.11.1994.