UCIL LEASING LIMITED
We have audited the attached Balance Sheet of M/s. UCIL LEASING LIMITED as
at 31st March, 1996 and also the annexed Profit and Loss Account of the
Company for the year ended on that date and report as under:
1. Further to our comments :
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 accounts as required by law have been
kept by the Company so far as appears from our examination of such books.
c) The Company's Balance Sheet and Profit and Loss account dealt with by
the report are in agreement with the books of accounts 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 read together with notes
thereon give the information required by the Companies Act, 1956 in the
manner so required and give a true and fair view:
i) In the case of the Balance Sheet, of the state of affairs of the Company
as at 31st March, 1996 and
ii) In the case of the Profit and Loss account of the profit of the Company
for the year ended 31st March, 1996.
For K. M. TULSIAN & ASSOCIATES
PLACE : MUMBAI,
DATE : 13th June, 1996.