KALINGA CEMENT LIMITED
We have audited the annexed Balance Sheet of Kalinga Cement Limited for the
period ended at 31st March, 1996, and the annexed Profit & Loss Account for
the year ended on the date. We report that:
1. 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.
2. In our opinion, proper books of account have been kept by the Company as
required by law so far as it appears from our examination of these books.
3. The Balance Sheet and the Profit & Loss Account dealt within this report
are in agreement with the books of account.
4. In our opinion and to best of our information and according to the
explanations given to us, the said accounts, together with the schedules
and notes thereon give the information required and the Balance Sheet gives
a true and fair view of the state of affairs of the Company as at 31st
March, 1996 and Profit and Loss Accounts gives a true and fair view of the
profit for the year ended on that date.
For S.N. ADLAKHA & CO.
Place : Bhubaneswar
Dated : 26th August, 1996.