S & S Industries & Enterprises Ltd Auditors Report.

1996 S&S INDUSTRIES AND ENTERPRISES LIMITED AUDITORS REPORT 1. We have examined the annexed Balance Sheet of M/s INDUSTRIES AND ENTERPRISES LIMITED, as at 31st March 1996 and the Profit & Loss Account for the year ended that date with the Books of Account of the Company. 2. Further we report that: We report that: a) In our opinion and to the best of our information according to the explanations given to us, the said Accounts read together with the accounting policies and 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 Balance Sheet, of the state of the affairs of the Company as at 31st March 1996 and ii) In the case of the Profit & Loss Account of the Profit for the year ended on that date. b) We further report that: i) 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. ii) In our opinion, proper books of account as required by law have been kept by the Company so far a it appears from our examination of these books. iii) The Balance Sheet and Profit & Loss Account dealt with by this report are in agreement with the Books of Account. For and on behalf of M/s. R.Subramanian & Co., Chartered Accountants R. SUBRAMANIAN Partner Place : Madras Dated : 10th July 1996.