Auditors report:

a) The company has generally maintained records showing full

particulars including quantitative details and situation of fixed
assets.
b) The company has not disposed off a substantial part of its fixed
assets during the year to affect the status of the company as a
going concern.
c) The company is maintaining proper records of its inventories. The
discrepancies noticed on verification between the physical stocks
and the book records were not material.
d) The company has not granted any loans, secured or unsecured to
companies, firms or other parties covered in the register maintained
under Section 301 of the Act.
e) There are adequate internal control procedures commensurate with
the size of the company and the nature of its business with regard
to the purchase of inventories, fixed assets and the sale of goods.
During the course of our audit, we did not observe any major
weaknesses in internal controls.
f) Contracts or arrangements referred to in section 301 of the Act
which need to be entered into register required to be maintained
under that section have been entered accordingly.
g) The company has not accepted deposits from the public during the
year and there are no outstanding deposits.
h) Auditors have broadly reviewed the books of account relating to
materials, labour and other items of cost maintained by the
company pursuant to the rules made by the Central Government for
the maintenance of cost records under Section 209(1) (d) of the
Companies Act, 1956.
i) Undisputed statutory dues were outstanding at the year end, for a
period of more than six months from the date they became payable.
j) There are no dues in respect of sales Tax, income tax, custom duty,
wealth tax, service tax, excise duty and cess that have not been
deposited with the appropriate authorities on account of any
dispute.

k) The company has not given any guarantee for loans taken by others
from banks or financial institutions.
l) According auditors overall examination of the Balance Sheet of the
company, we report that funds raised during the year on short-term
basis have not been used for long term investments.
m) The company has not issued any debentures during the current
financial year.
n) The company has not made any public issue during the current
financial year.
o) No fraud on or by the company has been noticed or reported during
the course of audit.