| 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 purposes 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 and 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, the Profit and Loss Account and the Cash Flow Statement 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, 2010, and taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2010 from being appointed as a director in terms of Section 274(1)(g) of the Act; | ||
| (f) | In our opinion and to the best of our information and according to the explanations given to us, the said financial statement stogether with the notes thereon and attached thereto give, in the prescribed manner, the information required by the Act, and subject to Note 7(c) regarding Director’s remuneration of Rs. 27,59,365 for which shareholders’ approval is yet to be obtained, give a true and fair view in conformity with the accounting principles generally accepted in India : | ||
| (i) | in the case of the Balance Sheet, of the state of the affairs of the Company as at 31st March, 2010; | ||
| (ii) | in the case of the Profit and Loss Account, its profit for the year ended on that date; and | ||
| (iii) | in the case of the Cash Flow Statement, of the cash flows for the year ended on that date. | ||
| Place : Kolkata Date : 28th April, 2010 |
For Price Waterhouse Firm Registration No. 301112E Chartered Accountants (S. K. Deb) Partner Membership No. 13390 |
