MANAV PHARMA LIMITED
1. We have audited the Balance Sheet of Manav Pharma Ltd. as at 31st March
1995. signed by us under reference to this report, and the relative Pre-
Operative Expenses for the year ended 31st March 1995 which are in
agreement with the books of accounts, and report that:
2. In our opinion and to the best of our information and according to the
explanations given to us, the Balance Sheet and the Pre-Operative Expenses
Account. together with the notes attached thereto in particular in Schedule
F, give in the prescribed manner, the information required by the Companies
Act. 1956, and also give respectively a true and fair view of the state of
the Company's affairs as at 31-3-1995.
3. We have obtained all the information and explanations which to the best
of our knowledge and belief, were necessary for our audit. In our opinion,
proper books of account, have been kept as required by law so far as it
appears from our examination of the books.
For Dinesh K. Shah & Co.
Place : Bombay
Dated : 29th June, 1995.