3.5.	The Company has not accepted any deposit from public.
3.6.	In our opinion, the Company has an Internal Audit System commensurate with its size and nature of its business.
3.7.	(a)	According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is generally regular in depositing the undisputed statutory dues including provident fund, investor education and protection fund, employees state insurance, income tax, sales tax, wealth tax, service tax, customs duty, excise duty, cess and other material statutory dues as applicable with the appropriate authorities.
	(b)	According to the information and explanations given to us and the records of the Company examined by us, no undisputed amount payable in respect of income tax, sales tax, wealth tax, service tax, customs duty, excise duty and cess as at 31st March, 2009 is outstanding for a period of more than six months from the date they became payable.
3.8.	According to the records of the Company examined by us and the information and explanations given to us, the company has not defaulted in repayment of dues to any financial institution or bank or debenture holders as at the Balance Sheet date.
3.9.	The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
3.10.	The provisions of any special state applicable to chit fund/nidhi/mutual benefit fund/societies are not applicable to the Company.
3.11.	In our opinion, the Company is not a dealer or trader in shares, securities, debentures and other investments.
3.12.	In our opinion and according to the information and explanations given to us, the company has not given any guarantee for loans taken by others from banks or financial institutions during the year.
3.13.	In our opinion and according to the information and explanations given to us, on all overall basis, the term loans have been applied for the purposes for which they were obtained.
3.14.	On the basis of an overall examination of the Balance Sheet of the Company, in our opinion and according to the information and explanations given to us, there are no funds raised on a short term basis which have been used for long term investment.
3.15.	The company has not made any preferential allotment of shares during the year.
3.16.	The Company has not issued any debentures during the year.