Tinna Oils & Chemicals Ltd.

1995 TINNA OILS & CHEMICALS LIMITED AUDITORS' REPORT We have audited the attached Balance Sheet of Tinna Oils & Chemicals Limited as at 31st March, 1995 and the Profit & Loss Account of the Company for the year ended on that date annexed thereto and report that: 1. 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. 2. 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 these books. 3. The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the books of account. 4. In our opinion and to the best of our information and according to the explanations given to us, the said accounts 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 subject to; (a) Non provision of gratuity (amount not ascertained); (b) Other income includes claims lodged with Octroi and Insurance authorities as well as import entitlements; being as explained in note No. & of Notes to Accounts. Consequent to which profit for the year and current assets are shown higher to that extent: (i) In case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 1995 and (ii) In case of the Profit & Loss Account, of the profit of the Company for the year ended on that date. For RAWLA & CO. Chartered Accountants Y.P. RAWLA Partner Place : New Delhi Dated : 26th August, 1995.