elegant pharmaceuticals ltd Auditors report


1996 ELEGANT PHARMACEUTICALS LIMITED AUDITORS REPORT We have audited the attached Balance Sheet of ELEGANT PHARMACEUTICALS LIMITED as at March 31, 1996 and the annexed Profit and Loss Account for the year ended 31st March, 1996 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 accounts as required by law have been kept by the Company so far as it appears from our examination of the books. 3. The Balance Sheet and the Profit and 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 with the notes thereon give the information required by the Companies Act, 1956 in the manner so required and also state that : (i) The Balance Sheet gives true and fair view of the state of the Companys affairs as at March 31st, 1996 and (ii) The Profit & Loss Account gives true and fair view of the profit for the year ended 31st March, 1996. FOR PRAVIN P. SHAH & CO. Chartered Accountant PARAG DOSHI Partner Place : Mumbai Dated : 05.09.1996