LEAFIN INDIA LIMITED
We have audited the attached Balance Sheet of Leafin India Limited,
Hyderabad as at 31st March, 1996 and the annexed Profit and Loss Account
for the year ended on that date with the books of the Company and report
(a) We have obtained all the information and explanations which to the best
of our knowledge and belief, were necessary for the purposes 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 such
(c) The Balance Sheet and the Profit and Loss Account referred to in this
Report 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 Balance Sheet and the Profit and
Loss Account read together with the Notes thereon, give the information
required by the Companies Act, 1956, in the manner so required and give a
true and fair view:
(i) In so far as it relates to the Balance Sheet, of the state of affairs
of the Company as at 31st March, 1996; and
(ii) In so far as it relates to the Profit and Loss Account, of the Profit
of the Company for the year ended on that date.
For M/s. BHAVANI & CO.
Place : Hyderabad
Date : 30th June, 1996.