ORKAY INDUSTRIES LIMITED
We have audited the attached Balance Sheet of ORKAY INDUSTRIES LIMITED as
at 31st March, 1995 and also the annexed Profit and Loss Account of the
Company for the year ended on that date.
1. 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 appears from our examination of the books;
c) the Balance Sheet and Profit and Loss Account dealt by 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 accounts read alongwith with the Notes and
Accounting Policies, give the information required by the Companies Act,
1956 in the manner so required and subject to the following:
i) Note No.12 of Schedule 14 in respect of liability which may arise on
account of compounding of delay in payment of tax deducted at source.
ii) Note No.31 of Schedule 14 in respect of land and building acquired from
iii) Note No. 3E of Schedule 14 in respect of charges created or to be
created in favour of various lenders.
give a true and fair view:
i) In the case of the Balance Sheet, of the state of affairs of the Company
as at 31 st March, 1995, 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 H.N. MEHTA & CO.
Dated: 1st September, 1995.