FLEETWELD (INDIA) LIMITED
We have audited the attached Balance Sheet of FLEETWELD (INDIA) LIMITED as
on 31 st March, 1995 and the Profit and Loss Account of the Company for the
year ended on that date annexed thereto and report that:
We report that:
(i) We have been informed that the sales invoices, purchase bills and the
excise records for the month of April '94 and May '94 were seized by the
excise Authority during the course of search conducted by them of the
companies in which directors are interested. Hence, we have verified the
xerox copies of sales and purchase invoices only certified by the Managing
Director of the Company.
Subject to above:
(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 the Company, so far as it appears from our examination of such books.
(c) The Balance Sheet and Profit and Loss Account dealt with by this report
are in agreement with books of accounts.
(d) In our opinion and to the best of our information and according to the
explanations given to us, the said statement of accounts read together with
accounting policies and notes on Accounts annexed thereto, give the
information required by the Companies Act, 1956, as amended from time to
time in the manner so required and give true and fair view.
(i) In the case of Balance Sheet, of the State of affairs of the Company as
on 31st March, 1995 and
(ii) In the case of Profit and Loss Account, of the Profit for the year
ended on that date.
for J. HARKISONDAS & CO.
Place : BARODA
Dated : 1st September, 1995.