




| 3.17. | The Company has not raised any money by public issues. | |
| 3.18. | During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India and according to the information and explanations given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the management. | |
| 3.19. | Other provisions of aforesaid order are not applicable to the Company during the year under audit. | |
| 4. | Further to our comments in paragraph 3 above, we report that - | |
| (a) | We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit. | |
| (b) | In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books. | |
| (c) | The Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. | |
| (d) | In our opinion, the Balance Sheet and the Profit & Loss Account dealt with by this report comply with the accounting standards referred to in section 211(3C) of the Act. | |
| (e) | On the basis of the written representations received from the directors as on 31st March, 2009 and taken on record by the Board of Directors, none of the Directors is disqualified as on 31st March, 2009 from being appointed as a director in terms of section 274(1)(g) of the Act. | |