JAIPUR SYNTEX LIMITED
We have audited the attached Balance Sheet of JAIPUR SYNTEX LIMITED as at
31st March 1996 and Profit & Loss A/c for the year ended on that date and
(a) In our opinion and to the best of our information and explanations
given to us, the annexed Statements of Accounts Subject to Note No. 3, 4, 8
and 9 regarding interest on excise claims, non-provision of expenses on
accrual basis, increase in valuation of imported raw-material, dyes and
chemicals, accounting for differential price gain on import entitlement,
and accounting policy for valuation of finished goods, instead of cost or
market price whichever is lower, read together with the other notes on
accounts as per Schedule 10 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 Profit & Loss Account, of the Profit of the company for
the year ended on that date.
(b) 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.
(c) 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 those books.
(d) The Balance Sheet and Profit & Loss account dealt with by this report
are in agreement with the books of accounts.
For S. S. SURANA & CO.
Place : Jaipur
Date : 20th August, 1996.