Financials Auditors’ Report
financials auditors’report TOTHEMEMBERSOFICICILIMITED WehaveauditedtheattachedBalanceSheetofICICILimitedasatMarch31,2000andtheannexedRevenue Accountfortheyearendedonthatdateandreportthat: (1) AsrequiredbytheManufacturingandOtherCompanies(Auditor’sReport)Order,1988issuedbytheCompany LawBoardintermsofSection227(4A)oftheCompaniesAct,1956,weencloseintheAnnexureastatement onthemattersspecifiedinparagraphs4and5ofthesaidOrdertotheextentapplicabletotheCompany. (2) FurthertoourcommentsintheAnnexurereferredtoinparagraph(1)above: (a) wehaveobtainedalltheinformationandexplanationswhich,tothebestofourknowledgeandbelief, werenecessaryforthepurposesofouraudit; (b) inouropinion,properbooksofaccountasrequiredbylawhavebeenkeptbytheCompanysofaras appearsfromourexaminationofthebooks; (c) theBalanceSheetandRevenueAccountdealtwithbythisreportareinagreementwiththebooksof accountoftheCompany; (d) inouropinion,theBalanceSheetandRevenueAccountdealtwithbythisreportareincompliancewith theAccountingStandardsreferredtoinSection211(3C)oftheCompaniesAct,1956,insofarastheyare applicabletotheCompany; (e) inouropinionandtothebestofourinformationandaccordingtotheexplanationsgiventous,thesaid accountsreadwiththenotesthereon,givetheinformationrequiredbytheCompaniesAct,1956,inthe mannersorequiredandgiveatrueandfairview: (i) inthecaseoftheBalanceSheet,ofthestateofaffairsoftheCompanyasatMarch31,2000;and (ii) inthecaseoftheRevenueAccount,oftheprofitfortheyearendedonthatdate. ForN.M.RAIJI&CO. ForS.B.BILLIMORIA&CO. CharteredAccountants CharteredAccountants A.R.GANDHI S.J.MERCHANT