RAAM TYRES LIMITED
We have audited the attached Balance Sheet of Raam Tyres Limited (Formerly
Ramkish Tyres Limited) as at 30th Sep, 1996 and the Profit and Loss Account
for the period of 15 months ended on that date annexed read with the Notes
to Accounts and report that:
We report that :
a) We have obtained all the information and explanations which to the best
of our knowledge and belief are necessary for the purpose of our audit.
b) In our opinion proper Books of Accounts as required by law have been
maintained by the Company so far as appears from our examination of such
c) The Balance Sheet and the Profit and Loss Account are in agreement with
the Books of Accounts.
d) In our opinion and to the best of our knowledge and according to the
explanations given to us, the Balance Sheet and the Profit and Loss Account
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
i) In so far as it relates to the Balance Sheet, of the state of affairs of
the Company as at 30th Sep., 1996; and
ii) In so far as it relates to Profit and Loss Account of the loss for the
period of 15 months ended 30th Sep., 1996.
For Upadrashta & Associates
Place : Hyderabad
Dated : 23rd November, 1996.