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.