74

AUDITORS REPORT AND FINANCIAL STATEMENT

Name : MODERN EDUCATIONAL SOCIAL & CULTURAL ORGANISATION

Address : 110, Natalwala Building, Veer Savarkar Marg, Mahim, - 400 016.

Financial Year : 2007-2008

; 1-1 Esc-. 41

CONTRACTOR, NAYAK SLXISHNADWALA (CHARTERED ACCOUNTANTS)

For Modern Ed17v—,‘,t . -nal Social & Cultural tdriaasz tioa

Dr. M. A K hat' h tay Executive Secretary

gnu putvolf

gamos Fomnpa gel :ssn

IN omeXed

I nom:is noun umutinwnage smdins

uoneinumng %5 I :ssai

(10110tV (ICIIVOES) LI 111P01£ 'stun° nofqo gip Jo' sosuodx3:ssn

SIO`OPCSI S696SeS Own° osodind gm /pi sasuadx3:ssin

015'669411 00t00`091 (foot sin idwaxg:ssn 00t00s091 (MD) PooPYtICI P

889108 awootg gam°

00t6S4/.01 (gE)0 Sin KlwaX3:SSai 00t6S-1.01 luawalels iad se meg lecdep z

ammuodx3 gluon! u! sunup nd se non umiguoG) ZZ/eL6rOf uomunnun kieummA I minus JaW0 WOJJ 311103tIl

3WODNII AO IN1314131VIS

800ZI0'IE LOOZIOt Onui 3191nPliti all9NOWITY-31118).,

600111110i APAlsglf 319L£ PLLYVV • Ar J

1 1100E-LOOTKI 910 OOP !119100141111919,9 2m -101.19mS maA g1911918 91emle09(011 1sta/PPy

uommue2.10 mamma w lupus inim9itonp3 asarpow aassassw

ODS3114 MESCO

Annexure-I

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION 110,Natalwala Building Veer Savarlcar Marg Mahim Mumbai 400 016

Name and address of the founder members:

Name and Address 1 Dr. Mohd. Abbas Khatkhatay Sea Breeze, B-2, 1st floor, 81, Mod Road, Mahim, Mumbai-400 016. _ Miss Zarina Tajani Sea Breeze, 3rd floor, Room NO.303 Lollar Chawl Mahim Mumbai-400 016. Mr. Mohammed Hussain Khatkhatay Elco Arcade, "D" Block, Room No. B/37, Hill Road, (W), Mumbai-400 050. 4. Mr. Irfan Merchant 6, Fatima Manor, St. Monica Road, Bandra (W), Mumbai-400 050. 5 Mr./qbal Patel Zubeda Manzil,2nd Floor 147/149,Cadel Road, Mahim Mumbai-400 016. 6 Mr. Abdul Kader Mustufa Haidery Building,2nd Floor, 124,Cadel Road, Mahim,Mumbai-400 016. 7 Mr.lmran Merchant 6, Fatima Manor, St. Monica Road, Bandra (W), Mumbai-400 050. 8 Mr.Farooque Khatkhatay 126,Cadel Road, Mahim Mumbai-400 016. 9 Mr.Hafizulla .H. Baig 10,Dargah Street, Mahim,Mumbai-400 016. 10 Ms.Tajwar Sultana Kadri 182-B,Cadel Road, Mahim Mumbai 400 016. MESCO

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION 10,Natalwala Building Veer Savarkar Marg Mahim Mumbai 400 016

Annexure - II to the Return of Income for the Assessment Year 2008-2009

Name of pers ins who were Trustees/Manager during the period. 01/04/2007 to 31/03/2008

Dr. Azhar All Qureishi President Mr. Aziz R.Sharifi Vice President 3. Mr. Salman Kardame Trustee 4 Mr. Saeed Ahmed Vohra Hon.Secretary Mr. Mohd. tarhaan Makba Treasurer Mr. Idris 4.boira Trustee Mr. Hilaluddin Shaikh Trustee Mr. Mohd. Farooque Saciya Trustee Mr. Salman Kardame Trustee Mr. Haider Mamajiwala Trustee Mr Nazir Shaikh Trustee Ms.Zaitoon Officewala Trustee MES'

FORM NO. 10B

(See rule 178)

Audit Report under Section 124(b) of the Income-tax Act 1961, in the case of charitable or religious busts or institutions.

We have examined the balance-sheet of MODERN EDUCATIONALSOCIAL & CULTURAL ORGANISATION as at 31g March, 2008 and the profit and loss account for the year ended on that date which are in agreement with the books of account maintained by the said trust or institution.

We have obtained all the information and explanations which to the best of our knowledge and beli )-4 were necessary for the purposes of the audit. In our opinion, proper books of account have been kept by the head office and the branches of the above named *truk/institution visited by us so far as appears from our examination of the books, and proper returns adequate for the purposes of audit have been received from branches not visited by us, subject to the comments given below:-

NIL -

In our opinion and to the best of our information, and according to information given to us, the said accounts give a true and fair view —

(0 in the case of the balance-sheet, of the state of affairs of the above named *trust/institution as at 3P March, 2008, and

(ii) in the case of the profit and loss account, of the profit or loss of its accounting year ending on 31g March, 2008.

The prescribed particulars are annexed hereto.

For CONTRACTOR, NAYAK & KISHNADWALA Chartered Accountants AMV00/ak M.H. Contractor. Partner Reg. No. 2811.

Place : Mumbal. Date :31.07.2008 MES CO

ANNEXURE

Statement of Particulars

I. Application of income for charitable or religious purposes Amount of income of the previous year applied to charitable or religious After deducting the purposes in during the year. administrative expenses of . Rs.57,60,175/- a total of Rs.3,10,48,118/-. Whether the trust/institution* has exercised the option under dause (2) of the Explanation to section 11(1) ? If so, the details of the amount of income deemed to have been applied to charitable or religious purposes in India during NIL the previous year.

Amount of income accumulated or set apart* for application to charitable finally set apart or religious purposes, to the extent it does not exceed 15 percent of the NIL income derived from property held under trust *wholly for such purposes. In part only

Amount of income eligible for exemption under section 11(1Xc) : (Give details) NIL Amount of income, in addition to the amount referred to in item 3 above, accumulated or set apart for specified purposes under section 11(2). NIL

Whether the amount of income mentioned in item 5 above has been invested or deposited in the manner laid down in section 11(2)(b) ? If so, the details NA thereof :

.. Whether any part of the income in respect of which an option was exercised under clause (2) of the Explanation to section 11(1) in any earlier year is deemed to be income of the previous year under section 11(18) ? If so, the NIL details thereof

8. Whether, during the previous year, any part of income accumulated or set NIL apart for specified purposes under section 11(2) in any earlier year — has been applied for purposes other than charitable or religious purposes NO or has ceased to be accumulated or set apart for application thereto, or has ceased to remain invested in any security referred to in section 1 11(2)(b)(i) or deposited in any account referred to in section 11(2)(b)(ii) or NO section 11(2)(b)(ii&or (c) has not been utilised for purposes for which it was accumulated or set

2 MESCO

apart during the period for which it was to be accumulated or set apart, or in the year immediately following the expiry thereof ? If so, details thereof.

IL Application or use of income or property for the benefit of persons referred to in section 13(3). Whether any part of the income or property of the *trust/institution was lent, or continues to be lent, in the previous year to any person referred to in section 13(3) (hereinafter referred to in this Annexure as such person) ? If so, No. give details of the amount, rate of interest charged and the nature of security, if any

Whether any land, building or other property of the *trust/institution was

Ei made, or continued to be made, available for the use of any such person during the previous year ? If so, give details of the property and the amount of No. rent or compensation charged, if any

Whether any payment was made to any such person during the previous year by way of salary, allowance or otherwise ? If so, give details No.

Whether the services of the *trust/institution were made available to any such person during the previous year ? If so, give details together with No. remuneration or compensation received, if any

5. Whether any share, security or other property was purchased by or on behalf of the *trust/institution during the previous year from any such person ? If so, No. give details thereof together with the consideration paid

. Whether any share, security or other property was sold by or on behalf of the *trust/institution during the previous year to any such person ? If so, give No. details thereof together with the consideration received

Whether any income or property of the *trust/institution was diverted during the previous year in favour of any such person ? If so, give details thereof No. together with the amount of income or value of property so diverted. Whether the income or property of the *trust/institution was used or applied during the previous year for the benefit of any such person in any other No. manner ? If so, give details.

C

3 ME

III. Investments held at any time during the previous year(s) In concenzs in which persons referred to In section .13(3) have a substantial interest SI.No Name and address of Whire the Nominal Income Whether the . the concern. concern is a value - of from the amount in company, the investment. col.4 number and investment. exceeded 5 Bass of shares per cent of held. the capital of the concern during the previous year say. Yes/No. (1) (2) (3) (4) (5) (6) NIL

Total r

For CONTRACTOR, NAYAK & laSHNADWALA Chartered Accountants "wax lee4 M.N. Contractor. Partner Reg. No. 2811

Place : Mumbai. Date :31.07.2008

4 rtt pl..3

- 400 001. Jad. elaandoon, ilooc 7, Sir It M. Rea. , Madooi ntractor, Nayak 81 Kishnadwata T.I. : 6623 0600 / 2266 1819 • Fax : 2261 5814 18, 1st Boon Pudspaso, K. D. Road s We Rate OIL Musolai - 400056. Chartered Accountants TeL 262.8 6909 / 262S 4083 / 6515 93.59 •• Fax 26286747 (

AUDITORS REPORT RELATING TO ACCOUNTS AUDITED FOR THE YEAR ENDED 31ST MARCH, 2008 OF MESCO (MODERN EDUCATIONAL SOCIAL & CULTURAL ORGANISATION) TRUST UNDER SUB-SECTION 2 OF SECTION 33 AND SUB-SECTION 2 OF SECTION 34 OF THE BOMBAY PUBLIC TRUST ACT, 1950.

We. the undersigned Auditors hereby report.

That the accounts are maintained regularly and in accordance with the provisions of the Act, and its Rules.

That receipts and disbursements are properly and correctly shown in the accounts.

That the cash balance and vouchers in the custody of the Manager on the date of the audit were in agreement with the accounts.

That all books, deeds, accounts, vouchers and other documents or records required by us were produced before us.

e) That the Trust has maintained the Register of Moveable and Immovable properties.

0 That the Secretary appeared before us and furnished the necessary information required by us.

g) That no property or funds of the Institute were applied for any object or purpose other than the object or purpose of the Trust.

11) That the amount outstanding for more than one year are as under:

M/s. Aqsa Marketing Rs. 2.02,282.25.

During the course of the audit it was noticed that the sum of Rs 202,282.25 (Two Lakh Two Thousand Two Hundred Eighty Two And Paise Twenty Five Only) was outstanding for more than seven year from M/s. Aqsa Marketing towards sale of khals(Goat Skin). We are informed that the management has filed the suit in court of law for the recovery of the said outstanding amount.

That the tenders were invited for repairs or construction during the year exceeding Rs. 5,000/-.

That no money of the Trust has been invested contrary to the provisions of Section 35.

c) 1That no alienation of the immovable property of the Trust contrary to the provisions of SectiOn 36 has come to our notice. ItlESCO

C61:41xxl. 7, Sir e m. Road. Fan, Mamba - 400 ooi. ...ontractor, Nayak Kishnadwata Tel.: 6635 9681-8243-84 / 2266 2603 / 2266 1819 Fax : 2261 5814 Chartered Accountants lit 11004 Pasivant, K D. Road. Yde Male (W): bluaxi - 400 056. Tel. : 2628 6909 / 2628 4083 / 6515 9339 • Fax : 2628 6747

That there are no special matters on which comment is necessary.

That no case of irregular, illegal, or improper expenditure or failure or omission of recovery moneys or other properties belonging to the Public Trust or of loss or waste of money of other properties thereof have come to our notice and that the question of whether such expenditure, failure or omission or loss or waste having been caused in consequence of breach of Trust or misapplication or any other misconduct on the part of the trustees or any other person while in the management of the Trust does not arise.

That th e Budget required has been fired in the form provided by rule 16(A).

11 a) That the maximum and minimum number of Trustees is maintained having regard to the provisions of the instrument of the Trust.

That the meetings are held regularly and as provided by the instrument of the Trust.

That the minute book of the proceedings of the meetings is maintained.

That none of the Trustees are debtors or creditors of the Trust.

That none of the Trustees have any interest in the investment of the Trust.

0 That there were no irregularities pointed out at the time of the last audit.

For Contractor, Nayak & Kishnaclwala Chartered/obi- Accountants. MAI. Contractor. Partner Reg. No. 2811.

Place: Mumbai. Date: 31.7.2008

2 MESC(

CONTRACTOR, NAYAK & KISHNADV/ALA. Chartered Accountants SCHEDULE IXC. THE BOMBAY PUBLIC TRUST ACT, 1950. Name of Public Trust MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION ADDRESS: NATALWAL BUILDING, 110 V.S.MARG, MAHIM, MUMBAI 400016: REGISTERED NO. F-4324 (BOM) Statement of Income liable to albedo. for the Year tad' 31st March 2008 RS. Us Ms INCOME AS SHOV.N IN THE INCOME AND EXPENDITURE 31,967,106 ACCOUNT (SCHEDULE IX) Less: Zakat Income as per Income & 16,578,879 15,388,227 Expenditure account

ITEMS NOT CHARGEABLE TO CONTRIBUTION UNDER SECTION 58 AND RULE 32: Donations received from other Public Trusts and Dharmadas 1,600,000 Grants by Government and Local authorities Interest on Sinking or Depreciation Fund , Amount spent for the purnse of secular education 21,095,632 Less:Spent out of Zakat Income 6,438,343 14,657,289 v. Amount spent for the purpose of medical relief 5,966,175 Less:Spent out of Zakat inane 3,333,022 2,633,153

Amount spent for the purpose of veterinary treatment of animals Expenditure incurred from donations of relief of distress caused by scarcity, draught, flood, fire or other natural calamity viii. Deduction out of Income from lands used for agriadtural purposes: Land Revenue and Local Fund Cess Rent payable to superior landlord c) Cost of production, if lands are cultivated by trust ix. Deduction out of income from Lands used for non- agricultural purposes: a) Assessment Cesses and other Government or Municipal Taxes Ground rent payable to the Superior landlord Insurance uremia Repairs at 10 pa cent of gross rant of building Cost of collection at 4 pa cent of gross rent of building let out Cost of collection of income or receipts from securities, stocks, etc. at I per cent of such income 1,000 18,892,042 Deduction on account of repairs in respect of buildings not rented and yielding no income at 10 per cent of the estimated gross annual rent. Gross Annual Income chargeable to contribution Rs NIL MESCU

Cont SCHEDULE IXC

The total amount spent out of Zakat Income for the purpose of secular education and medical relief respectively amounts to Rs.64,38,3434 and 33,33,022/- which fact is certified by the trustees which is accepted for the purpose of Schedule IXC.

Subject to above , we certify that while claiming deduction admissible under the above Schedule , the trust has not claimed any amount twice either wholly or partly , against any of the items mentioned in the Schedule which have effect of double deduction.

for Contractor, Nayak & Kishnadwala.

Chartered Accountants

M.H.Contractor. Date :31.07.2008 Partner. Place. Mumbai Reg. No.281 I ME

The Bombay Public Trust Act, 1950. Schedule VIII (Valle Ruh 17(01 Name of the Public Trust MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION Balance Sian as at : 31ST March 2008 Itagistrados N. i-awsoim B AILLe.? Ammon ae: :Art _ A h Amount Fad or Cent IsambiLlifadial (As Pee 0000011010 536,29. Base as pa tut balsam Sheet 3,564,066 Babasce as pa he balance Sheet Additions daring the year Add : Addition During the year 1,311,500 4,875,566 Less : Depreciation

Other Earmarked Funds : latrun (As per schedule 'C) 5,025,533 (Created under the provision of The rocket value of the above the Trutt Deed or Scheme or out of the Investment is Rs 4,933,261.44 Income) Additions during the year Depreciation Fund Sinking Fund • Reserve Fund (As per schedule 'A) 1,051,009 Furniture Jr Fixture: (As per Schedule D) 2,438,687 Any Other Fund Balance as per last Bal. Sheet Additions during the year Loans (Secured or Unsecured): Less : Sales during the !!ear From Trustees From Others Loans(Secured ured : than scholarships For Expenses 424,994 Other Loan For Advances For Rent and other deposits fitIINSE 2,468,109 For Sundry credit balances (As pa Schedule 'E) To Trustees Income Received in Advance 139,28 To Employees To Contractors To Lawyers To Others

Income Ontstandino: Rent Interest Other Income Imam and Expenditure Account: Balance as per last Balance Sheet 9,557,465 Cash and Bank Balances: 738,512 less: Appropriation if any (As per Schedule 'F) 9,557,465 Bank Accounts Less:Deficit as per Income and With the Trustees Expenditure Account (4,84L187) 4,7 16,278 (c) With the Managers

Total RS 11 07 133 Total RS 11 133 As per our report of even date Income ootateading ii accamts are kept on cash basis Ran For CONTRACTOR, NAYAK & KIMINADWALA Want Chartered Accountants Other Income 4%/hf 14.11.Contractor For MODERN EDUCATIONAL...... 0 IAL & CULTURAL ORGANIZATION Partner. Reg No. 2811 • V‘Ari‘l

Place : Mumbai GEN.SECRETARY TREASURER . Date :31.07.2008 telEE

The Bombay Pa Trust Ad, 1950. Madden( (Vide Ibis 17(1)1 Name of the Public Trust: MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31ST MARCH 2008 Iua.NeF4324 EXPF.NDITUR? Amount - INCOME Amount ITo Expenses in respect of Propaties: . By Ron (issarad) Rita, Taxes, ceases 4,638 (realised) Repairs and maintenance Salaries By Interest /mina) Insurance (realised) Recurring Deposit 35,252 Depreciation (by way of provision 59,588 or adjustments) On Securities other expenses On Loans On Bank accounts 8,511 To Establishment Expenses 5,126,655 . . To Remuneration By Dividend On Unit Trust Of India 160,003 To Legal Expenses 6,238 To Audit Fees 39,326 To Contribution and Fees to Charity Commissioner By Donation in cash or Kind 14,318,944

To Amounts written off: .. (a)Bad debts By Gnnts ... (b)Loan Scholarship (C)I recoverable rents By profit on sale of Investment 107,593 (d)other items - (Mutual fund) (TDS) To Taxes Written off 681 To Miscellaneous Expenses By Income from other sources( In details as To Depreciation 523,049 far as possible) To Amounts transferred to Reserve Zakat Income 16,578,879 or Specific funds Other Income 757,925

By Transfer from Reserves

To Expenditure on Objects of the Trust Religious Educational 21,095,632 Medical relief 5,966,175 Relief of Poverty 3,972,507 (e) Other Charitable Objects 13,804

To Deficit Carried over to Balance Sheet (4,841,187)

Total Rs 31,967,106 Total Rs 31,967,106 As per our report of even date

For CONTRACTOR, NAYAK & KISIINADWALA Chartered Accountants

//MA For MODERN EDUCATIONAL SOCIAL CULTURAL ORGANIZATION M.H.Contractor Parma. N,vvV) Keg No. 2511 DENT GEN.SECRETARY Place :Mumbai Date :31.07.2008 • MES.0 MODERN EDUCATIONAL SOCIALAND CULTURAL ORGANISATION I10,Natalsvala Building Veer Savarkar Marg Mahim Mumbai 400 016 FINANCIAL YEAR - 2007 -2008

SCHEDULE 'A $ESERVE FUND

It IM Head of AtMoinef mosiatat A Opening Balance 1,051,009 Addition during the year TOTAL 1,051,009

SCHEDULE 'B STATEMENT OF IMMOVABLE PROPERTIES

Sr. Name of the Assets O. Saints Additis *nag Dedatdoa No. As 1111 GUN/2007 the year Daring dm Year 3083/2008 Immovable Properties Y A Sharifa Apartment 23,069 - - 23,069 10% 2,307 20,762 B Nagree Classic (Flat No.05) 572,811 - - 572,811 10% 57,281 515,530

,... TOTAL 595,880 - - 595,880 59,588 536,292

SCHEDULE 'C INVESTMENTS

KN• Paaikulars No.of Units Face Value Cost (Rs)

A CRTS - 81 17778.090 100 2,042,74735 17778.090 100 (2,042,747.75)

B Reliance Visioq Fund - Growth 3289.650 539,338.00 3842.635 (630,000.00)

C Prudential ICICI- Growth 5294.030 451,926.31 6208.276 (530,000.00)

TSEF-Tata Select Equity Fund Growth 3871.010 174,408.00 4439.019 (200,000.00)

E Birla MNC Fund- Growth - - 8138.150 (1,025,000.00)

F Templeton India Growth Fund 2430.724 980,049.00 2430.724 (1,150,000.00) G Recurring Deposit 1 Corporation Bank ' 837,064.00 (201,812.00) TOTAL 5,025,533.06 (5,779,559.75)

ME5CO

-4 ri 0 41 to > 1 :0: vi 0 wri x 0 0 2 a. 5 & g a , 5 - - 0 2 la 2 = -n a = trl — X g LI •r5 „? g c3 Re in 5 -, D- EC on 1 3 0 5 - ;,- ri e. a 2. > R. g r -TI 5' 2 I. C C C a R ?n

ti P VS 0 —. NI ON Co 0 pJ ON CIN 1..n .0 14 t ta' "ea gt la ta — 14 OP ....1 to

,., -a i mr r.,:. & 0 rd, . . 1... , i D e... & S.

- .,... T.; . . lc . ..-1 . r -NT,

.... P g '6: tal r; 1.1 1... . - . ...) - 0 ..0 r

g t.. ill t P. P_ t

,* Ei a '' i .s -az is.$ ta a:ttl fr• ti IC 3 , . a "g -3 E E 2 tliss;;;g2.9.

14 ..— CO p .2 ee.o . a-. gI.....A.C ; .:,.,,. MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION 110,Natalwala Building Veer Savarkar Marg Maim Mumbai 400 016 FINANCIAL YEAR - 2007 - 2008

SCHEDULE 'E LOANS AND ADVANCES Head of Account ' Amount DEPOSIT B.E.S.T. 5,260.00 Hind Automobile (Diesel & Petrol) 13,000.00 Tinwalla Ismail (Godown) 50,000.00 M.T.N.L. 6,500.00 Sayeed House (Lease Premises) 1,600,000.00 Locker (Bombay Mercantile Co-Op-Bank) 1,600.00 Ayub Khan (Nursery Sewree ) 40,000.00 British Council Library 1,295.00 Nagree Classic (Nursery School ) 17,000.06 Nursery School (Mehmooda Shaikh) 30,000.00 Nursery School -II(Kulsum Bee Abdul Aziz) 20,000.00 Ilp Gas Deposit for Nursery School 5,550.00 Nursery School (Mohd Mazhar Abbas) 40,000.00 AC Deposit (Al-Refrigeration & Air Conditioning) 7,500.00 Nursery School (Mohd Arif Baluch) 25,000.00 Maklai Park Office (Farooque Dawawala) 25,000.00 Nursery School Bandra(Shaikh Abdul Ghani) 150,000.00 Nursery School Mahim (Mehmood Shaikh) 30,000.00 Courier Deposit (Air Speed) 500.00 Nursery School (Jameatul Kan) 5,000.00 Tata Tele Services 1,500.00 TOTAL A 2,074,705.00 PREPAID EXPENSES Insurance Charges for Mobile Clinic 5,481.00 Insurance Charges for Vehicle (Tata 207) 8,227.00 Insurance Charges for Vehicle (Bolero) 8,104.00 Ambulance Insurance 3,764.00 Insurance Charges (Cash In Transit) 2,123.00 Bombay Mercantile Co-Op Bank Locker Rent 184.00 Annual Fax Maintenance Charges (Quick Fax Services) 302.00 Annual Maintenance Charges (Water Purifier) 358.00 Sumo Victa Insurance 3,470.00 Internet Services(Net Link Trade Channel) 1,770.00 Mediclaim Paid for Employees( New India Assurance) 11,416.00 Personal Accident premium Paid for Employees 1,381.00 TOTAL B 46,580.00 RECEIVABLE Receivable from Aqsa Marketing (1997-98 Khal Collection) 202,282.25 Staff Loan 135,250.00 TOTAL C / 337,53215 ADVANCES Advance Tax(T.D.SXA.Y 2006-07) 9,292.00

1 TOTAL 1) 9,292.00

I GRAND TOTAL (A+B+C+D) 2,468,109.25 MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION 110,Natalwala Building Veer Savarkar Marg Mahim Mumbai 400 016 FINANCIAL YEAR - 2007 - 2008

SCHEDULE 'F CASH & BANK ACCOUNTS Head of Account Amount Memon Co-Operative Bank Limited (A/c No. 522) 62,653.31 State Bank of India-FCRA Account (A/c No. 10892939131) 623,865.71 Corporation Bank (A/c No. 18271) 6,477.02 Bank of (A/c. No. 2023) (CRS Title-II) 23,543.80 Bank of Maharashtra (A/c. No. 2039XGratuitY) 5,933.00 State Bank of India (A/c No. 10892939426) 8,175.46 Cash 7,839.50 Petty Cash 24.50 Total 738,512.30

1 MRS

Notes forming part of Accounts as on 31.03.2008

Significant Accounting Policy

1) Method of Accounting The Financial statements are prepared in accordance with historical cost convention. Accounts are maintained on accrual basis.

2) Fixed Assets and Depreciation. Fixed asset stated at cost. Depreciation is provided on Fixed Assets on WDV Method as rate prescribed in the Income tax Act.

Investment are stated at cost of acquisition. Adjustment for Surplusteficit is accounted for or on realisation of investment.

Previous year figure has been, regrouped, recast, wherever necessary.

5) Retirement Benefits. The society contributes towards group gratuity liability scheme of the Life Insurance Corporation of India to cover its liability toward its employee's gratuity. The Society's contribution to provident fund are charged to the Income & Expenditure a/c. No provision is made in respect of Leave Encashment benefit , since the same is accounted on cash basis. NIES CO

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION Regd.Oflice t 110, Natalwala Eddg.,V S.Marg .Mahim. Mumbai 400 016

Financial Year - 2007- 2008

Annexure - 1

NON-ZAKAT - INTEREST ON RECURRING DEPOSIT

Particulars Amount Amount Amount IRS IRS IRS

INTEREST 35252 (Corporation Bank)

TOTAL 35252

.thnesure - 2

NON -ZA KAT - BANK INTEREST INCOME

Particulars Account No. Amount Amount IRS IRS

Corporation Bank,Mahim Br 7281.00 SBI Bank 104 Other Interest(TDS) 1126 8511.00

TOTAL 8511

Annex= - 3

NON-ZAKAT - DIVIDEND INCOME

Particulars Amount Amount Amount IRS IRS IRS

Dividend CRTS 160002.8

TOTAL 160002.80

1/4 MODERN EDUCATIONAL SOCIAL ANC; CULTURAL ORGANISATION Regd.Office : 110, Natalwala VIdg.,V.S.Marg ,Mahim, Mumbai 400 016

Financial Year - 2007- 2008

Annexure -4

NON-ZAKAT - INCOME

Particulars Amount Amount IRS IRS

CZNERAL Donation 710858 710,858.00

GENERAL AID House Repair 10,000.00 For Sewing Machines 62.500.00 Food for Poor 39,150.00

111,650.00

MEDICAL Medical 174.950.00 Medical Sponsorship 52.767.00 Group Insurance (Mediclaii 1) 9.916.00 Mobile Clinic(Donatioin 309.915.00 Mobile Clinic(Income) 216,280.00 HCMA (Advt) 78,200.00 Ambulance 69,820.00 911,848.00

EDUCATIONAL EAS Donation 1,537.500.00 Educational Sponsorship 904,468.00 Educational Aid 2,279,850.00 . High Cost Education 5,253,146.56 I-ICE-Income 2,609.623.00 12,584,587.56

TOTAL 14,318,943.56 MESO

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION Regd.Office : 110, Natalwala Bldg.,V.FfMarg ,Mahim, Mumbai 400 016

Financial Year - 2007- 2008

Annexure - 5

ZAKAT - INCOME

Particulars Amount Amount IRS IRS

GENERAL • Zakat 11.170.042.00 Less: Expenses 190.843.00 10,979.199 Hides & Skins 16.300.00 Less: Expenses 16,300

GENERAL AID

General Aid 48,500.00 Sewing Machines 110,800.00 Food For Poor 1,273,500.00 1,432,800

MEDICAL High Cost Medical Aid 1,943,461.00 Medical Sponsorship 20,000.00 HCMA (Advt) 8,000.00 1,971,461

EDUCATIONAL EAS 1,257,508.64 Educational Sponsorship 921,610.00

2179119

TOTAL 16578879 ME

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION Regd.Office : 110, Natalwala Bldg.,V.S.Marg ,Vahiut, Mumbai 400 016

Financial Year- 2007- 2008

Almexure - 6

OTHER - INCOMES

Particulars Amount Amount IRS IRS

MEMBERSHIPS 7..

Patron Membership 110,000.00 Life Membership 57,500.00 Ordinary Membership 29,600.00 Membership fees 3,325.00 (Executive & Sub-Committee) 200,425.00

OTHER INCOMES

Newspaper 1,380,920.00 Less: Expenses 838,431.00 542,489.00 CRS, Title 11 10,609.00 Miscellaneous 3,914.00 Profit on sale of fixed assets 488.00 557,500.00

TOTAL 757925 MESCO MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATIOr Regd.Office : 110, Natalwala Bldg.,V.S.Marg ,Mahim, Mumbai 400 016

Financial Year - 2007 - 2008

Annexure -7

ESTABLISHMENT EXPENSES Particulars Amount Amount Amount IRS IRS ' IRS SUPPORT & ADMINISTRATION

P.F. Adminisration Charges(P.F.2,21,22) 65067.00 Annual Maintenance Charges 8415.00 Annual General Meeting, 5536.00 Bank Charges 15580.69 Insurance 20216.00 Idd Milan 29221.00 Electricity charges 296549.00 Hospitality 25660.50 Conveyance 166490.50 Locker Rent 2125.00 Meeting 7831.50 Membership 169040.00 Miscelleneous 1023.00 News papers & pa iodicals 19082.00 Postage 20744.50 Printing 134014.00 Professional Charges 9000.00 Promotional 414873.00 Rent Rates & Taxes 108720.00 Repairs & Maintenance 135080.00 Stationery 75440.00 Telephone 144541.79 Transportation 934.00 Upkeep 59809.00 Air Repairs & Fuel (Motor car) 154268.00 2089261.48

TOTAL (A) 2089261.48 STA Ft" COST Salary 2042581.00 Overtime Salarv(Fori)orking on holidays) 99058.00 i . Honorarium 37950.00 Provident Fund 241081.00 Ex-Gratia 26375.00 Conveyance Reimbursement 101722.00 Professional Remuneration 172500.00 Field Allowance 1830.00 ' Staff Training 1000.00 Gratuity Premium 39658.00 Professional Charges 43269.00 Staff V)'elfare( 14918+84655) , 99573.00, Peons Uniform 14432.00 Group Insurance for StatT 102208.00 Advertisement 14157.00 TOTAL (B) 3037394.00 3037394.00

TOTAL (A+B) 5126655.48 ME

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION Regd.Office : 110, Nataiwala Bldg.,V.S.Marg ,Mahim, Mumbai 400 0;6

Financial Year - 2007 - 2008

Annexure - 8 D

R C MAHIM SCHOOL - EXPENSES

Particulars Amount Amount Amount IRS IRS IRS

SUPPLIES COST : . . Note Books & Uniform 34668.00 Fare Well 6235.00 Resource Person's 2000.00 Snacks 149880.00 Psychlogical Lab 7000.00 Science Lab 2205.00 Recreation & Games 9580.00 Study Material 1356.00

TOTAL 212924.00

SUPPORT AND ADM IN .

Administrative Expences 14284.00 Electrical 3886.00 Telephone Exp 2819.00 Repairs & Maintenance 21808.00 Security 166435.00 National Day 1260.00 TOTAL 210492.00

STAFF COST:

Tuition Class 12000.00 Part Time Teacher 36400.00 Teacher day 1034.00 Resource Person's Salary 112064.00 Provident Fund 10202.00 Honorarium 478999.00 Gratuity 1670.00 Ex-gratia 11,850.00 Conveyance 8,800.00 Overtime Salary 6,264.00 (For working on holidays) TOTAL 679283.00

GRAND TOTAL 1102699.00 MESC

MODERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION .Office : 110, Natalwala Bldg.,V.S.Marg ,Mahim, Mumbai 400 0:6

'Social Year - 2007 - 2008

VOCATIONAL TRAINING CENTRE

Particulars Amount Amount Amount IRS IRS IRS

ME

21900 00 TOTAL- A 21900.00

NDITURE PLY COST 70405.00 70405 00 411111.11111.111=1 RT AND ADMIN 1! inistrative Ex enses 13902.50 1246.00 icily 9825.00 24973 50

FF COST : v. 42178.50 al 1500 MIONIMIIIMMI 43678.50 IMIIIIMMIMI TOTAL B 139057.00

A-B) 117157.00

• MESCO

I g.Tren in Ait pi A > 0 0 3 0 : -I a a A 0 0 fn t7 acfi2Yr r C r z > > O a. g rt cr -o 7 .0CS >gg'rl z to 7 0 g o m C 0 cn Z 7 r Ce) > 0 - tt. - o 1'1 n r > o 3 CI. — Le, 0 5' f.--;

Er cc kJ -• 0 CD -I — .-1 A 00 > — n., NJ L. 55 NI CA '0 g r Ch....,CC co CA c cc .... -4 0 LA 7 VI Y .0 .... (7 0 N ,... 0 0 0 0 C> > 0 c, oI 111 ca n . 00 e .a :;1111. > ta 0 A -4,o A, 0, tne" III .-.1 a cc a c ...) la 0 c r tr ta 0 o 0 a 0 o• la 14 > 2 Cr. NI lte 00 c. rs,NI --J 4, 0, Fs ; z 0 > --I IJJ cc. O CA c 0 O t0e m00 0 -.. t 4 NI -J 0 a 2 ,0 0 LAA co 0 O - 0 I 0 0 0 0 Z NI -.. • -.1 — a - -4 to 0 -a tn / g r g• i 8 a

r

-J O 00 NI .0 O 0, 000 Sc O a NI b 0 0 0ct a 0 0 Cn 0 0 -oa tin ; 0 -•+ g 0, -e -71:5 n 0 -< To - 0 7 O Pc r !c< 0

OD cola sm..4 3 ta. 1.0 0, -• L./ 0 0 0, — P N 0 AO p P Op 0 0 88888

!". 1•0 — O P 00 8 MESCO

0 MIN. $ - 0 0

g o 8

_

I $ Itii

o§88 888

§88§-818 888

§ 8§ 888 _ g8- 888

8g§§8g 88

888

g II III teMSCO

1-,g.2; 4 ill 'in' > Fri * 4 ; 5 it1 6iili c . if -c I fili ' 1 2 I g I a> I 1 iftif__ ... - 1.• E .. . 'i. § :It t Et E Ei i g 88 8 88 8 83. 8 tS 8 8 i: 8 8

. § -. . : s ; . e 1

4 - s , g FE F 8 8 ; 8 t8 8

.7, - ., ,.: 1 s 4 a v, _ 8 8 8 O

— --. r § 2F. CS 8 88 8 8 i';

t i; a -4 xi t 9.: Z '8. §1?: '6 CV ; 8 84 83 8 tO

-, 2 oa - sy g ..- - 8 8 0..-

. .7 - L. a t . i=-, t 88 88 - ., . r, 2 ,'S 86 8 .1 ..„. 38 8 8 tS

- - ....- g tt I 8 8 58 tS 8 i .. . ..-., i6 8S 8 z; 8S 8 SO 8 ik g ; .. .; : . e il. .--- -. 8 8 88 SO 8 V g n 88S t Iz . . : .. e . -. g . 8 ta 8 i 88 8 tS f. ." . t '. 8 8i i . it., .4. — S :^.;; '' 2,1: c".: —12. "'a mba7". ; ) bact‘6. FF tgro. 5 ; e § i LI E I 0/ E ri '2 af c 888 88 88888 88 88888 88888 MESCO

TONAL SOCIAL AND CULTURAL ORGANISATION 1110.144141wata Bldt.V.S.Slorg .64ahim, Moat 400 016

Year - 2007- 2008

.8 C CLASSES - NON ZAKAT - INCOMES SW-Dhv Amount IRS 3000.00 27040 00 600.00

TOTAL - A 30640.00

CLASSES-NON Z.4 K NT EXPENSES

Particulars SW-Dhv Amount IRS

3133.00 5190.00 AND ADMIN - 44 Taxes Expenses 5169.00

3400.00 Reim. 12000.00 1500.00 bay Award 00 Charges 70330 00

TOTAL - 109222.00

TO AL - A - 13 78582.00 ERN EDUCATIONAL SOCIAL AND CULTURAL ORGANISATION MESCO 110, Natelwala Bldg.,V.S.Marg ,Mahi m, Mumbai 400 016

Year - 2007 - 2008

- EXPENSES

Particulars Amount Amount Amount IRS IRS IRS Zakat Non-Zakat TOTAL COST : • Medical Aid 1.709.960.00 676,162.00 ysis) 377,852.00 178,200.00 225,522.00 52,462.21 Aid 879507.98 201,575.61 for Mobile Clinic 140,180.00 35,045.00

3333021.98 1143444.82 4,476,466.80 AND ADMIN

19,739.00 95,376.00 3,640.00 (Mediclaim) 25,014.00 Expenses 33,709.00 Expenses 93,087.50 270,565.50

460,600.00 45,972.00 7,958.00 3,500.00 Reimbursement 29,404.00 For working on holidays) 10,946.00 ses 136,010.00 fund 13,152.00 2,160.00 3,000.00 Reimbursement 1,758.00 2,740.00

73,667.00 89,493.00 Mtn 1,296.00 3,750.00 Fund 7,693.00 Charges 313,601.00 924.00 11,519.00 1,219,143.00

TOTAL 596617530 MESCo

371 Mr.Fairoz Ahmed Badshah 50,000.00 50 000.00 15 000.00

52,500.00

105,000.00 30,000.00 120,/90.00 30,000.00

25,000.00

arg,

422 Mr.Abdul Rahman 20,000.00 20,000.00

nal Social ton 4tay a ry iviES CO

423 WIChan Altamash - 46,000.00 46,000.00 424 Mr.Saknan lama 1 20,000.00 20,000.00 425 Ms-Shaikh Uzma 91,500.00 71,500.00 426 Mr.Moltsin Ahmed . 25,000.00 25,000.00 427 MrDuclhankar Sudhir 25,000.00 , 25,000.00 428 Mahailch Mohd Naved 15,000.00 15,000.00 429 - - 430 Mr.Rayytut iqbal Adhikari 35,000.00 35,000.00 431 Mr.Shaikh Wasim 22,680.00 22,620.00 432 Mr.Shaikh Firoz A fsar All 35,000.00 35,000.00 433 Mriadhav Ashish 30,000.00 30,000.00 434 Mr.Sayed Mamoon Rahim 25,000.00 25,000.00 435 Mr.Parekh Kunal 20,000.00 20,000.00 436 Mr.Qureshi Zoheb 25,000.00 25,000.00 437 Mr.Patel Mohd Tabish 50,000.00 50,000,00 438 Mr.Abbas Kanchwala 35,000.00'. 35,000.00 439 Mr-Shaikh Shoaib Altar 25,000.00 25,000.00 4arg, 440 MsSawan Saraddha Maruti 30,000a}0 30,000.00 441 Mr.Vicky Kapadia 40,000.00 40,000.00 442 Mr.Rehan Sayed 30,500.00 30,500.00 . 24,000.00 443 Mr.lthan Tariq Anwar _ 24,000.00 444 Ms.Shaista Sayed 42,215.00 42,215.00 445 Mr.Satish Gargote 20,000.00 20,000.00 446 /vIalivani Nowrin 50,000.00 - 50,000.00 447 Mr.Baitha Kamlesh 25,000.00 25,000.00 448 Mr.Pathan Jawed All 35,000.00 35,000.00 449 Ms.Asiya Shaikh 75,000.00 12,520.00 62,480.00 450 Mr.Khast Mohd Danish 57,000.00 6,664.00 50,336.00 451 Ms.Khan Salta 54,600.00 5,460.00 49,140.00 452 Ms.Khan Taiweer Jahan 20,000.00 20,000.00 453 Mr.Shaikh Mohd Azhar 30,000.00 30,000.00 454 Mr.Shaikh Mohsin 25,000.00 25,000.00 455 Mr.Mohd Merajuddin 50,000.00 4,150.00 45,850.00 20,000.00 456 Ms Sweets Mody _ 20,000.00 25,000.00 457 Mr.Qureshi Mohd Arif _ _ 458 Mr.Ansari Abdul Wahab 15,000.00 15,000.00 15.000.00 459 Mr.Shaikh Abrar - 15,000.00 460' Ms.Zuleldth Khatri 50,000.00 5,831.00 44,169.00 461 Mr.Qureshi Sadaf 15,000.00 , 2,250.06 12,750.00 462 Mr.Iftelchar Ahmed 120,000.00 70,000.00 50,000.00 463 Mr.Rohe Mussaffi 40,000.00 40000.00 25,00000 464 Ms.Khan Shahan _ 25,000.00 465 Mr.Elavathingal Rivin 25,000.00 25,000.00 466 Mr.Malik Azim 25,000.00 , 25,900.00 467 Mr.Kamle Ibrahim 25,000.00 25,000.00 468 Ms.Reshma Ansari 1,500.00 1,500.00 - 469 Mr.Ansari Shahbaz 10,000.00 10,003.00 470 Mr.Brijesh Mukund Mavani 30,000.00 30,000.00 471 Mr.Faisal Nizamuddin 15,000.00 35,00.00 472 MR.Pirzada Ainanullah 65,000.00 65.000.00 473 Ms.Shaikh Afe 50,000.00 ' 5,000.00 44..000 00 474 Ms.Khan Afreen 50,000.00 1,000.00 49,000.00

1

c_st Social rgaia;z boa

ha t '- lay Secretary MESCO

464 475 Mr.Ravish Fangari 80,000.00 4,000.00 76,000.00 465 . 476 Mr.Rehan Ansari 20,000.00 20,000.00 466 477 . Ms.Sara And 70,000.00 3,501.00 66,499.00 467 478 MtKhan Wan 20,000.00 20,000.00 TOTAL 27,419,261.00 6,667,509.00 2,609,623.00 31,477,147.00

trg,

Social tioo (ay