Gazi Financial Services and Investments Ltd. के अकाउंट के लिये नोट

Mar 31, 2013

Micro and Small Enterprise

The Company has not received any intimation from any of its suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED Act) and hence disclosures, if any relating to amounts unpaid as at the year end along with interest paid payable as required under the said Act have not been given.

A. Related Party Disclosures as per AS-18 are as follows:

1. Key Management Personnel:

Dr. Munir Abdul Latif Gazi - Executive & Promoter

2. The Company''s only business is consultancy and hence disclosure of segment-wise information is not applicable under Accounting Standard-17-Segmental Information'' (AS- 17) notified by the Company''s (Accounting Standards) Rules, 2006. There is no geographical segment to be reported since all the operations are undertaken in India.

3. Sundry debtors more than six months comprise of Rs. 3,16,77,2771 (Previous Year Rs. 3.16.77.3711 of which have been classified as doubtful made any provision against such debtors

4. The Company doesn''t have a fulltime Company Secretary pursuant to Section 383A of Companies Act, 1956.

5. Debtors, Creditors, Loans & Advances are subject to confirmation.

6. Previous year''s figures have been regrouped/ reclassified wherever necessary.

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Mar 31, 2010

1. Related Party transactions

As required by Accounting Standard (AS) 18 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India, information in this respect is as follows: I. Individual(s) having control with relatives and associates

Mr. MunirA. Gazi Mrs. Shirin M. Gazi

II. Notes to related party transactions

(a) Company has to pay Rs. 48,000 (96,000) to Mrs. Shirin Gazi as Rent for twelve months for registered office building at 12-A, Metha House, 1" Floor, 36, Pandita Ramabai Marg, Chowpatty, Mumbai-400007 taken on tenancy basis vide agreement dated 1st April, 2009.

2. In the opinion of the Board, current assets, loans and advances have a value at least equal to the amounts at which they are stated in the Balance Sheet, if realized in ordinary course of business.

3. Balances of certain debtors, sundry creditors and other parties are subject to confirmation.

4. Payment to Auditors

5. Balance Sheet abstract and Companys general business profile as required under Part IV of Schedule VI of the Companies Act, 1956 are annexed.

6. (a) As required by Statement of Accounting Standard (AS) 20 "Earnings Per Share" issued by The Institute of Chartered Accountants of India, reconciliation of basic and diluted number of Equity Shares used in computing Earnings Per Shares is as follows.

7. Segment Information

As the Companys business activity falls within a single primary business segment the disclosure requirement of Accounting Standard (AS) 17 "Segment Reporting ", issued by The Institute of Chartered Accountants of India are not applicable. However it does not have any impact on the true & fair view of the state of affairs in case of Balance Sheet and Profit & Loss Account.

8. (a) The figures in brackets or in shaded background represent those of previous year.

(b) The figures for the previous year have been regrouped-rearranged wherever necessary to conform to current years classification.