We have examined the attached Balance Sheet of Oriqua Limited as at 31st
March, 1995 which is in agreement with the books of account. No profit &
Loss Account has been prepared for the year ended on the aforesaid date as
the Company had not started manufacturing activities during the year.
We further report that 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. In our opinion, proper books of account have
been kept by the Company as required by law so far as it appears from our
examination of those books. In our opinion and to the best of our
information and according to the explanation,. given to us, the said
accounts read in conjunction with Schedules 1 to 9 give the information
required by the Companies Act, 1956, in the manner so required and the
Balance Sheet gives a true and fair view of the state of the Company's
affairs as at 31st March, 1995.
For M.N. Gangopadhyay & Co.
Dated: 16th August, 1995.