NOTICE

Notice is hereby given that First Annual General Meeting of the Members
of M/s. ZEAL INDIA ARCHITECTS PRIVATE LIMITED, will be held at 10.00
a.m. on 28/09/2012 at the Registered Office at No.26/703, SPPL-Shivshahi
Shanti Niketan, Dindoshi, Goregaon (E), Mumbai 400 065 to transact the
following business:-

ORDINARY BUSINESS:-

1. To receive, consider and adopt the Audited Balance Sheet As At 31st

March, 2012 and the Profit & Loss Account for the period ended on
that date along with the Reports of the Director and Auditors there
on.

2. To appoint the Auditors and to fix their remuneration.

For & on Behalf Of The Board

Zeal India Architects Pvt Ltd

Director

Place : Mumbai
Dated : 03rd September, 2012
 DIRECTOR’S REPORT

To,

The Members of M/S ZEAL INDIA ARCHITECTS PRIVATE LIMITED

The Directors are immensely pleased to present their Annual Report together with
the Audited Balance Sheet as on 31st March, 2012 and the Profit & Loss Account for
the year ended as on that date.

1. Business Performance :

Company has started its operation at the beginning of the year and this was the
very first year of its operations. The company expects its performance to improve
considerably in the forth-coming years. The overall business is fairly positive and is
expected to improve further. The directors ecstatically look forward to a further
noteworthy surge in the business of the company in the forthcoming years.

2. Financial Results:

The Financial results of the Company for the period under review are summarized
as under: Amount as on
2011-2012
( Rs )
Sales & Other Incomes in the year 41,623,339
Profit before Depreciation & Tax 1,312,785
Less: Depreciation & Tax 432,106
Add: Surplus brought forward from previous year -
Balance carried to Balance Sheet 880,679
3. Dividends:

With a view to plough back the profits, the Board of Directors do not
recommend any dividend.

4. Fixed Deposits:

The Company has not accepted any fixed deposits from the public
during the year under review.

5. Directors:

There is no change in the constitution of Board of Directors of the

Company during the year under review.

6. Directors Responsibility Statement:

In compliance with the provisions of Section 217(2AA) of the

Companies Act, 1956, the Directors of your Company confirm that:

1. In the preparation of the annual Accounts, the applicable Accounting

Standards have been followed and there are no material departures;

2. They have selected such accounting policies and applied them

consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of the financial year and of the profit or
loss of the Company for that period;

3. They have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of
the Act for safeguarding the assets of the Company for preventing
and detecting fraud and other irregularities;

4. They have prepared the annual accounts on a going concern basis.

7. Particulars of Employees:

There are no employees covered under Section 217(2A) of the

Companies Act, 1956 read with Companies (Particulars of
Employees) Rules, 1975.

8. Conservation of Energy, Technology Absorption and Foreign Exchange

Earning and Outgo:

The information required to be given pursuant to section 217(1)(e)

of the Companies Act, 1956, read with Companies (Disclosure of
particulars in the Report of Board of Directors) Rules, 1988, does not
apply to the Company.

The Foreign Exchange earning during the year is NIL. (Previous Year
is NIL. Total Foreign Exchange outgo during the year remains Nil.

9. Auditors Report:

Observations made in the Auditors’ Report are self-explanatory and

hence, do not call for any further comments.

10. Auditors :

M/s. I A K & Associates, Chartered Accountants retire at the ensuing

Annual General Meeting and being eligible offer themselves for
reappointment.

Your Directors wish to place on record their appreciation and

acknowledge with gratitude, the services of the Staff of the
Company, its valued customers and the support and co-operation
extended by the Bankers and look forward to their continued
support.

For and on behalf of Board of Directors

Zeal India Architects Pvt Ltd

Director

Place : MUMBAI.
Dated : 03rd September, 2012.
 AUDITOR’S REPORT

To,

The Members of M/s. ZEAL INDIA ARCHITECTS PRIVATE LIMITED.

We have audited the attached Balance Sheet of M/s. ZEAL INDIA

ARCHITECTS PRIVATE LIMITED, as at 31st March, 2012, together with
the Profit & Loss Account of the Company for the period ended on that
date. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on
these financial statements based on our audit.

1. We have conducted our audit in accordance with auditing standards

generally accepted in India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes, examining on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made
by the management, as well as evaluating the overall presentation of
the financial statements. We believe that our audit provides a
reasonable basis for our opinion.

2. Companies ( Auditor’s Report ) Order, 2003 as amended by the

Companies ( Auditor’s Report ) ( Amendment ) Order , 2004 , issued by
the Central Government in terms of sub - section ( 4A ) of Section 227
of the ‘ The Companies Act , 1956 ‘ of India ( ‘ the Act ‘ ) is not
applicable to the company.
3. Further to our comments in paragraph one 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 accounts as required by the law have

been maintained by the company so far as it is appears from our
examination of the books.

c. The Balance Sheet & Profit & Loss Account dealt with by this report
are in agreement with the books of accounts.

d. In our opinion, the Balance Sheet and Profit and Loss A/c. comply
with the Accounting standards referred to in Sub-Section 3(C) of the
section 211 of the Companies Act, 1956 to the extent applicable.

e. On the basis of written representations received from the directors,

we state that none of the Directors of the Company are prima-facie
disqualified under Section 274 (1) (g) of the Companies Act, 1956 from
being appointed as a Director of the Company as at 31st March, 2007.

f. In our opinion and to the best of our information and according to

the explanations given to us, the said accounts give a true and fair view.
i) In the case of Balance Sheet of the State of Affairs of the Company as
at 31stMarch, 2012 and,
ii) In the case of the Profit & Loss Account the Profit incurred during
the year ended on that date.

For M/s. I A K & Associates

Chartered Accountants

Imran A Kazi
Proprietor
Membership No. 127667
FRN No. 132329W
PLACE : MUMBAI
DATED : 03rd September, 2012
 Note No. 22
NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31st
MARCH, 2012

1. ACCOUNTING CONVENTION :

The accounts have been prepared under historical cost convention on

accrual basis and comply with the Accounting Standards referred to in
section 211 (3C) of the Companies Act, 1956.

2. USE OF ESTIMATES

The preparation of the financial statements in conformity with the

GAAP requires that the management makes estimates and
assumptions that affect the reported amounts of assets and liabilities,
disclosures of contingent liabilities as at the date of financial
statements, and the reported amounts of revenue and expenses
during the reported year. Actual results could differ from those
estimates.

3. FIXED ASSETS

Fixed assets are slated at actual cost less accumulated depreciation.

The actual cost capitalized includes material cost , freight, installation
cost, duties and taxes, finance charges and other incidental expenses
incurred. Depreciation on fixed assets is computed on the Written
Down Value method over their estimated useful lives at the rates
prescribed under Schedule XIV of the Companies Act, 1956.Individual
assets acquired for less than Rs.5,000 are entirely depreciated in the
year of acquisition.

4. INVESTMENTS

Investments are classified into current investments and long term

investments. Current investments are carried at lower of cost or
market value. Any reduction in carrying amount and any reversals of
such reductions are charged or credited to the profit and loss account.
Long term investments are carried at cost less provisions made to
recognize any decline, other than temporary, in the value of such
investments.
5. RECOGNITION OF INCOME AND EXPENDITURE :

Costs/Expenditures are generally accounted on accrual as they are

incurred. Sales and Purchases are accounted at the time of
sales/purchase i.e. upon the issuance and receipt of the Invoices
accordingly.

6. TAXES ON INCOME

Tax expense for the year comprises of current tax and deferred tax.
Current taxes are measured at the amounts expected to be paid using
the applicable tax rates and tax laws. Deferred tax assets and liabilities
are measured using tax rates and tax laws that have been enacted or
substantively enacted by the balance sheet date. The effect on
deferred tax assets and liabilities of a change in tax rates is recognized
in profit and loss account in the year of change. Deferred tax assets
and liabilities are recognized for the future tax consequences
attributable to differences between the financial statements carrying
amounts of existing assets and liabilities and their respective tax bases
and operating loss carry forwards. Deferred tax as per AS -22 have not
been recognized in the books of accounts.

7. Miscellaneous expenditure

Miscellaneous expenditure includes preliminary expenses to the

extent not written off.

8. DIRECTORS REMUNERATION
Current Year
Salaries Rs.1,235,000 /-

9. PAYMENT TO AUDITORS
Current Year
As Auditors Rs.20,000 /-
 10. Balances of Debtors and Creditors are considered at book values and
are subject to confirmations.

As per our report attached of even date

For M/s. I A K & Associates For and on behalf of the board

Chartered Accountants Zeal India Architects Pvt Ltd

Imran Kazi Director

Proprietor
Membership No. 127667
FRN No. 132329W
Place : MUMBAI
Dated : 03rd September, 2012