1996 AMAN AND ADITYA FINANCIAL SERVICES LIMITED AUDITORS' REPORT We have audited the attached BALANCE SHEET OF AMAN AND ADITYA FINANCIAL SERVICES LIMITED, as at 31st March 1996 and also the annexed Profit and Loss Account for the year ended on that date and report that: (a) We have obtained all the information and explanation 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 it appears from our examination of books; (c) The Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of account of the Company; (d) In our opinion and to the best of our information and according to the explanations given to us, the said accounts, subject to note 5, 6, 9 of Schedule M read together with notes thereon give the information required by the Companies Act, 156 in the manner so required and give a true and fair view: (i) In the case of Balance Sheet of the state of affairs of the Company as at 31st March, 1996 and (ii) In the case of Profit & Loss Account of the Loss of the Company for the year ended on that date. FOR N.K. JALAN & CO. Chartered Accountants N.K. JALAN Proprietor Place : Mumbai Date : 15th November, 1996.