ASIAN ALLOYS LIMITED
We have audited the attached Balance Sheet of ASIAN ALLOYS LIMITED as at
31st March, 1996 and also the Profit and Loss account of the company for
the year ended on that date annexed thereto.
We report as follows:
(a) 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.
(b) In our opinion, proper books of account as required by law have been
kept by the Company so far as it appears from our examination of the books.
(c) The Balance Sheet and the Profit and Loss Account are in agreement with
the books of account.
(d) In our opinion, and to the best of our information and according to the
explanations given to us, the said accounts subject to and read with the
notes on accounts thereon give the information required by the Companies
Act, 1956 in the manner so required and give a true and fair view:
(i) In the case of the Balance Sheet, of the state of the affairs of the
Company as at 31st March, 1996 and
(ii) In the case of the Profit and Loss Account, of the profit of the
Company for the year ended on that date.
for DATTA SINGLA & CO.
Place : New Delhi
Dated : 7th August, 1996.