Notes to Accounts of Dazzel Confindive Ltd.

Mar 31, 2013

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realisation of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to Conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 a provision of Rs. 48823/-(PY Rs.100000/-) made in the accounts towards current Income tax for the year.

5. Provision for Deferred Tax Asset- The Provision for Deferred Tax Liability for the Current Year works out to Rs. 14623/- Net Deferred Tax Balances of Rs. 192295/- has been shown in Balance Sheet as per Accounting Standard –22 "Accounting for Taxation of Income” issued by the Institute of Chartered Accountants of India.

6. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated Pursuant to the Notification issued by the Department of Company Affairs, as the necessary Information regarding supplier''s status is not available with the company.

7. Previous years figures have been regrouped and rearranged wherever necessary. A monetary Value at all places, except where other-wise stated, are in terms of rupees.

8. Disclosure of Related Parties/Related Party Transactions:- A. Relationship:

I Key Management Personal

Name of Related parties Nature of Relationship

Mr. Sunil Agrawal Managing Director

Mr. S N Rathi Director

Mr. Asha Chhajed Director

Mr. Sharad Mehta Director

Mr. Pradeep Gupta Director

Mr. Ankit Patel Director

Mr. Sagar Jain Director

Mr. Anand Khot Director

II Associate Entities: NIL

III Relations of Key Management Personnel: NIL

B. The following transactions were carried out with the related parties'' retured in above in the ordinary Course of business:

Particulars Relative of Key Management Personal

Managerial Remunertion & 240000/-

Sitting Fees 30000/-

9. The Company has advances certain amount to Various Party. Such advances are outstanding sinces 4 to 5 years on which interest has not been charged.

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Mar 31, 2012

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realisation of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to Conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 a provision of Rs. 100000/-(PY Rs.120000/-) made in the accounts towards current Income tax for the year.

5. Provision for Deferred Tax Asset- The Provision for Deferred Tax Liability for the Current Year works out to Rs. 40359/- Net Deferred Tax Balances of Rs. 177672/- has been shown in Balance Sheet as per Accounting Standard -22 "Accounting for Taxation of Income" issued by the Institute of Chartered Accountants of India.

6. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated Pursuant to the Notification issued by the Department of Company Affairs, as the necessary Information regarding supplier's status is not available with the company.

7. Previous years figures have been regrouped and rearranged wherever necessary. A monetary Value at all places, except where other-wise stated, are in terms of rupees.

Note:The company has identified three reportable segments viz. Trading, Derivatives Share Transactions and Others have been identified and reported taking into account nature of products and services, the differing risks and returns internal business reporting systems.

8. The Company has advances certain amount to Various Party. Such advances are outstanding sinces 3 to 4 years on which interest has not been charged.

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Mar 31, 2011

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realisation of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to Conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 a provision of Rs. 120000/-(PY Rs.100000/-) made in the accounts towards current income tax for the year..

5. Provision for Deferred Tax Asset- The Provision for Deferred Tax Liability for the Current Year works out to Rs. 56791/- Net Deferred Tax Balances of Rs. 137313/- has been shown in Balance Sheet as per Accounting Standard -22 "Accounting for Taxation of Income" issued by the Institute of Chartered Accountants of India.

6. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated pursuant to the Notification issued by the Department of Company Affairs, as the necessary information regarding suppliers status is not available with the company.

7. Previous years figures have been regrouped and rearranged wherever necessary. A monetary value at all places, except where other-wise stated, are in terms of rupees.

I Associate Entities : NIL

II Relations of Key Management Personnel: NIL

a) Managerial Remuneration under Section 198 of the Companies Act, 1956

Note:- The company has identified three reportable segments viz. Trading, Derivatives Share Transactions and Others have been identified and reported taking into account nature of products and services, the differing risks and returns internal business reporting systems.

8. The Company has advances certain amount to Various Party. Such advances are outstanding sinces 3 to 4 years on which interest has not been charged.

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Mar 31, 2010

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realisation of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 a provision of Rs. 100000/-(PY Rs. 73499/-)made in the accounts towards current income tax for the year.

5. Provision for Deferred Tax Asset- The Provision for Deferred Tax Liability for the Current Year works out to Rs. 2233/- Net Deferred Tax Balances of Rs. 80522/- has been shown in Balance Sheet as per Accounting Standard -22 "Accounting for Taxation of Income" issued by the Institute of Chartered Accountants of India.

6. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated pursuant to the Notification issued by the Department of Company Affairs, as the necessary information regarding suppliers status is not available with the company.

7. Previous years figures have been regrouped and rearranged wherever necessary. A monetary value at all places, except where other-wise stated, are in terms of rupees.

8. Preliminary Expenses are written off 1/5 every year.however during the year the company has incurred Rs 896618 as security expenses which the company has decided to written off from the securities premium account the same has done in the line of section 78 of companies Act 1956.

9. Disclosure of Related Parties/Related Party Transactions:- A. Relationship:

I. Key Management Personal

Name of Related parties Nature of Relationship

Mr. Satya Narayan Rathi Managing Director

Mr. Sunil Agrawal Director

Mr. Dinesh Gund Director

Mr. Nirmal Kumar Mehta Director

Mr. Sharad Mehta Director

Smt. Asha Chhajed Director

Associate Entities : NIL III Relations of Key Management Personnel: NIL

B. The following transactions were carried out with the related parties retured in above in the ordinary Course of business:

Particulars Relative of Key Management Personal

Managerial Remunertion & Sitting Fees 171000/-

10. The Company has advances certain amount to Various Party. Such advances are outstanding sinces 2 to 3 years on which interest has not been charged.

11. During the Year, the Company was wanted to issue 90,00,000 Warrants to the Promoters & Public on preferential basis at a conversion price of Rs. 10 as determined in terms of the provisions of SEBI (DIP) Guidelines read with SEBI (ICDR) Regulations, 2009 but the same was not allotted as the same was not approved by the SEBI. The same was approved & Allotted in the EGM held on 20.05.2010 of the Company. So, the amount received in the same are shown as Current Liability of the Company which was converted into Share Warrant after the balances Sheet date.

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Mar 31, 2003

(1) Previous years figures have been regrouped /reallocated wherever necessary to confirm appropriate location of this year.

(2) Debtors, Creditors, Loans & Advances and other finances are subject to confirmation.

(3) Closing Stock quantities are after adjustment of samples demonstration damage etc.

(4) Management has confirmed that the current assets, loans and advance shall not fetch anything less than the value stated in the balance sheet.

(5) The company has given advance of Rs22853773/- for construction / supply/services etc. to various parties agreement. However the performance Report from contractor for these contracts is yet to be received

(6) Management has informed thai out of total loans & advances, Rs. 2000000/ lacs as per following detail to firms / companies in which directors are interested:-

7. Earning in foreign currency nil

8. Expenditure in foreign currency nil

9. Figures have been rounded off to the nearest rupee.