0000894189-12-002297.txt : 20120427 0000894189-12-002297.hdr.sgml : 20120427 20120427153525 ACCESSION NUMBER: 0000894189-12-002297 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120229 FILED AS OF DATE: 20120427 DATE AS OF CHANGE: 20120427 EFFECTIVENESS DATE: 20120427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED ASSET ADVISORS FUNDS CENTRAL INDEX KEY: 0001105877 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09821 FILM NUMBER: 12789072 BUSINESS ADDRESS: STREET 1: 721 ENTERPRISE DRIVE STREET 2: SUITE 100 CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 4147656029 MAIL ADDRESS: STREET 1: 721 ENTERPRISE DRIVE STREET 2: SUITE 100 CITY: OAK BROOK STATE: IL ZIP: 60523 FORMER COMPANY: FORMER CONFORMED NAME: AAA FUNDS DATE OF NAME CHANGE: 20000209 0001105877 S000005190 Iman Fund C000014168 Iman Fund Class K IMANX N-Q 1 allied_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS allied_nq.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
 
 


Investment Company Act file number 811-09821



Allied Asset Advisors Funds
(Exact name of Registrant as specified in charter)



721 Enterprise Drive, Suite 100
Oak Brook, IL 60523
(Address of principal executive offices) (Zip code)



Bassam Osman
Allied Asset Advisors Funds
721 Enterprise Drive, Suite 100
Oak Brook, IL 60523
(Name and address of agent for service)



(877) 417-6161
Registrant's telephone number, including area code



Date of fiscal year end: May 31, 2012
 
Date of reporting period:  February 29, 2012

 
 
 
 
Item 1. Schedule of Investments.
 
Iman Fund
  
Schedule of Investments
  
February 29, 2012 (Unaudited)
  
(Classifications are based on the North American Industry Classificiation System)
  
   
Shares
      
Value
  
   
COMMON STOCKS - 99.7%
      
   
Agriculture, Construction & Mining Machinery Manufacturing - 1.4%
      
  3,600  
Dril-Quip, Inc. (a)
   $ 251,964  
  5,100  
FMC Technologies, Inc. (a)
     257,193  
            509,157  
     
Air Freight & Logistics - 1.0%
        
  4,900  
United Parcel Service, Inc.- Class B
     376,761  
               
     
Architectural, Engineering & Related Services - 0.4%
        
  10,500  
McDermott International, Inc. (a)(b)
     137,130  
               
     
Audio & Video Equipment Manufacturing - 1.2%
        
  9,500  
Harman International Industries, Inc.
     466,735  
               
     
Beverage Manufacturing - 1.7%
        
  9,100  
The Coca Cola Co.
     635,726  
               
     
Building Material & Supplies Dealers - 1.8%
        
  13,000  
Fastenal Co.
     684,840  
               
     
Chemical & Allied Products Merchant Wholesalers - 0.6%
        
  3,600  
Acuity Brands, Inc.
     223,884  
               
     
Clothing Stores - 1.2%
        
  8,400  
ANN, INC. (a)
     200,676  
  6,400  
The TJX Companies, Inc.
     234,304  
            434,980  
     
Commercial Services - 0.7%
        
  6,500  
Apollo Group, Inc. - Class A (a)
     277,160  
               
     
Communications Equipment Manufacturing - 3.1%
        
  9,000  
QUALCOMM, Inc.
     559,620  
  14,400  
Research In Motion Ltd. (a)(b)
     204,048  
  7,800  
Trimble Navigation Ltd. (a)
     392,262  
            1,155,930  
     
Computer & Peripheral Equipment Manufacturing - 8.6%
        
  3,500  
Apple Inc. (a)
     1,898,540  
  3,900  
Aruba Networks Inc. (a)
     84,201  
  14,500  
EMC Corp. (a)
     401,505  
  2,500  
International Business Machines Corp. (IBM)
     491,825  
  8,800  
Western Digital Corp. (a)
     345,400  
            3,221,471  
     
Computer Systems Design & Related Services - 1.6%
        
  6,400  
Constant Contact, Inc. (a)
     193,536  
  14,000  
Riverbed Technology, Inc. (a)
     398,580  
            592,116  
     
Cut & Sew Apparel Manufacturing - 0.8%
        
  4,200  
Lululemon Athletica Inc. (a)
     281,484  
               
     
Data Processing, Hosting & Related Services - 1.2%
        
  8,800  
Red Hat, Inc. (a)
     435,248  
               
     
Drugs & Druggists' Sundries Merchant Wholesalers - 1.1%
        
  6,200  
Herbalife Ltd. (b)
     410,502  
               
     
Electrical Equipment & Component Manufacturing - 0.7%
        
  3,200  
ABB Ltd. - ADR (b)
     65,568  
  15,600  
Corning Inc.
     203,424  
            268,992  
               
     
Electronic Shopping & Mail-Order Houses - 1.1%
        
  2,200  
Amazon.com, Inc. (a)
     395,318  
               
     
Elementary & Secondary Schools - 0.2%
        
  800  
Strayer Education, Inc.
     82,316  
               
     
Engine, Turbine & Power Transmission Equipment Manufacturing - 0.5%
        
  1,700  
Cummins, Inc.
     204,969  
 
 
 
 
 
               
     
Foundries - 0.7%
        
  1,600  
Precision Castparts Corp.
     267,888  
               
     
Freight Transportation Arrangement - 3.5%
        
  2,400  
C.H. Robinson Worldwide, Inc.
     158,808  
  7,500  
Expeditors International of Washington, Inc.
     327,225  
  9,300  
FedEx Corp.
     836,907  
            1,322,940  
     
General Freight Trucking - 0.7%
        
  16,400  
Knight Transportation, Inc.
     280,932  
               
     
Grain & Oilseed Milling - 0.1%
        
  1,200  
Unilever NV - NY Reg. Shares - ADR (b)
     39,972  
               
     
Grocery Stores - 0.8%
        
  6,800  
United Natural Foods, Inc.  (a)
     309,536  
               
     
Health & Personal Care Stores - 0.8%
        
  3,600  
Ulta Salon, Cosmetics & Fragrance, Inc.  (a)
     299,664  
               
     
Home Furnishings Stores - 0.5%
        
  1,600  
Bed Bath & Beyond, Inc. (a)
     95,584  
  2,400  
Williams-Sonoma, Inc.
     92,640  
            188,224  
     
Industrial Machinery Manufacturing - 1.1%
        
  9,700  
Lam Research Corp. (a)
     404,490  
               
     
Information Services - 2.8%
        
  1,690  
Google Inc. (a)
     1,044,843  
               
     
Internet & Catalog Retail - 0.3%
        
  3,000  
eBay Inc. (a)
     107,220  
               
     
Machinery, Equipment & Supplies Merchant Wholesalers - 1.1%
        
  10,500  
Applied Industrial Technologies, Inc.
     421,785  
               
     
Management, Scientific & Technical Consulting Services - 1.8%
        
  4,800  
Salesforce.com, Inc. (a)
     687,168  
               
     
Medical Equipment & Supplies Manufacturing - 7.3%
        
  2,400  
C.R. Bard, Inc.
     224,688  
  9,600  
The Estee Lauder Co. Inc.
     561,984  
  300  
Intuitive Surgical, Inc. (a)
     153,486  
  5,600  
Smith & Nephew plc -  ADR (b)
     274,512  
  18,200  
STERIS Corp.
     571,116  
  6,400  
Stryker Corp.
     343,296  
  9,200  
Varian Medical Systems, Inc. (a)
     600,300  
            2,729,382  
     
Metal Ore Mining - 0.9%
        
  2,800  
Agnico-Eagle Mines Ltd. (b)
     101,640  
  8,400  
Eldorado Gold Corp. (b)
     128,604  
  2,900  
Freeport-McMoRan Copper & Gold, Inc.
     123,424  
            353,668  
     
Miscellaneous Store Retailers - 1.7%
        
  11,500  
PetSmart, Inc.
     641,010  
               
     
Motor Vehicle Body & Trailer Manufacturing - 1.2%
        
  9,200  
CLARCOR Inc.
     464,324  
               
     
Motor Vehicle Parts Manufacturing - 0.2%
        
  1,100  
WABCO Holdings, Inc. (a)
     65,439  
               
     
Navigational, Measuring, Electromedical & Control Instruments Manufacturing - 2.2%
        
  4,200  
FLIR Systems, Inc.
     109,914  
  2,600  
Fossil, Inc. (a)
     317,148  
  18,000  
Ion Geophysical Corp. (a)
     128,880  
  11,600  
Rofin-Sinar Technologies, Inc (a)
     272,136  
            828,078  
     
Office Administrative Services - 0.5%
        
  4,300  
Gartner, Inc. (a)
     173,118  
               
     
Oil & Gas Extraction - 3.8%
        
  1,100  
Apache Corp.
     118,723  
  1,300  
Continental Resources, Inc. (a)
     117,884  
  6,900  
Helmerich & Payne, Inc.
     422,970  
  2,400  
Occidental Petroleum Corp.
     250,488  
  5,000  
SM Energy Co.
     393,600  
 
 
 
 
 
  3,100  
Southwestern Energy Co. (a)
     102,486  
            1,406,151  
     
Other Electrical Equipment & Component Manufacturing - 0.5%
        
  3,400  
Emerson Electric Co.
     171,054  
               
     
Other General Merchandise Stores - 2.2%
        
  13,800  
Fred's, Inc. - Class A
     191,130  
  7,400  
O'Reilly Automotive, Inc. (a)
     640,100  
            831,230  
     
Other General Purpose Machinery Manufacturing - 2.6%
        
  1,600  
Flowserve Corp.
     189,712  
  2,300  
Gardner Denver Inc.
     157,964  
  5,200  
Roper Industries, Inc.
     475,904  
  5,000  
The Gorman-Rupp Co.
     144,350  
            967,930  
     
Other Information Services - 1.6%
        
  4,500  
Baidu, Inc. - ADR (a)(b)
     615,150  
               
     
Other Professional, Scientific & Technical Services - 1.0%
        
  4,000  
IHS, Inc. - Class A (a)
     378,280  
               
     
Pesticide, Fertilizer & Other Agricultural Chemical Manufacturing - 0.7%
        
  3,200  
Monsanto Co.
     247,616  
               
     
Petroleum & Coal Products Manufacturing - 3.2%
        
  3,200  
Chevron Corp.
     349,184  
  9,900  
Exxon Mobil Corp.
     856,350  
            1,205,534  
     
Pharmaceutical & Medicine Manufacturing - 8.0%
        
  19,400  
Amarin Corp PLC -  ADR (a)(b)
     150,350  
  13,200  
Ariad Pharmaceuticals, Inc. (a)
     189,288  
  5,000  
BioMarin Pharmaceutical Inc. (a)
     178,750  
  2,400  
Gen-Prob Inc. (a)
     163,872  
  2,400  
Gilead Sciences, Inc. (a)
     109,200  
  3,400  
IDEXX Laboratories, Inc. (a)
     291,550  
  5,900  
Impax Laboratories, Inc. (a)
     137,765  
  8,600  
Johnson & Johnson
     559,688  
  4,000  
MAP Pharmaceuticals, Inc. (a)
     64,200  
  3,000  
Mead Johnson Nutrition Co.
     233,250  
  1,800  
Medivation Inc. (a)
     117,918  
  2,600  
Merck & Co., Inc.
     99,242  
  2,700  
Regeneron Pharmaceuticals, Inc. (a)
     282,933  
  2,400  
Shire PLC - ADR (b)
     251,160  
  3,800  
United Therapeutics Corp. (a)
     181,374  
            3,010,540  
     
Professional & Commercial Equipment & Supplies Merchant Wholesalers - 1.4%
        
  4,000  
Patterson Companies, Inc.
     127,680  
  5,600  
Henry Schein, Inc. (a)
     414,512  
            542,192  
     
Road & Rail - 0.6%
        
  8,800  
Werner Enterprises, Inc.
     213,136  
               
     
Scientific Research & Development Services - 2.9%
        
  5,500  
Alexion Pharmaceuticals, Inc. (a)
     460,515  
  5,300  
Babcock & Wilcox Co. (a)
     136,422  
  3,000  
Celgene Corp. (a)
     219,975  
  3,200  
Covance, Inc. (a)
     152,736  
  7,600  
Ironwood Pharmaceuticals, Inc. (a)
     101,764  
            1,071,412  
               
     
Semiconductor & Other Electronic Component Manufacturing - 4.4%
        
  5,500  
ARM Holdings plc -  ADR (b)
     149,490  
  5,400  
Cavium Inc. (a)
     192,942  
  1,700  
Cree, Inc. (a)
     51,493  
  7,500  
Intel Corp.
     201,600  
  15,600  
JDS Uniphase Corp. (a)
     203,424  
  8,000  
Microchip Technology Inc.
     288,560  
  18,500  
NVIDIA Corp. (a)
     280,275  
  3,900  
Texas Instruments Inc.
     130,065  
  3,600  
Xilinx, Inc.
     132,948  
            1,630,797  
     
Soap, Cleaning Compound & Toilet Preparation Manufacturing - 0.4%
        
  1,600  
Colgate-Palmolive Co.
     149,088  
               
     
Software - 5.4%
        
  5,700  
Adobe Systems, Inc. (a)
     187,473  
  8,300  
ANSYS, Inc. (a)
     524,394  
 
 
 
 
 
  1,300  
Intuit Inc.
     75,192  
  3,700  
MICROS Systems, Inc. (a)
     192,141  
  15,200  
Microsoft Corp.
     482,448  
  9,400  
Nuance Communications, Inc. (a)
     243,648  
  9,900  
Oracle Corp.
     289,773  
  900  
Teradata Corp. (a)
     59,895  
            2,054,964  
     
Support Activities for Mining - 1.5%
        
  21,600  
Patterson-UTI Energy, Inc.
     419,472  
  2,000  
Schlumberger Ltd. (b)
     155,220  
            574,692  
     
Textiles, Apparel & Luxury Goods - 0.9%
        
  3,000  
Nike, Inc. - Class B
     323,760  
               
     
Ventilation, Heating, Air-Conditioning& Commercial Refrigeration Equipment Manufacturing - 0.7%
        
  3,400  
Donaldson Company, Inc.
     249,662  
               
     
Wholesale Electronic Markets & Agents & Brokers - 0.8%
        
  5,000  
Genuine Parts Co.
     313,400  
               
     
TOTAL COMMON STOCKS (Cost $34,229,650)
     37,380,988  
               
     
Total Investments (Cost ($34,229,650) - 99.7%
     37,380,988  
     
Other Assets in Excess of Liabilities - 0.3%
     105,223  
     
TOTAL NET ASSETS - 100.0%
   $ 37,486,211  
               
               
               
               
     
Percentages are stated as a percent of net assets.
        
               
     
ADR - American Depositary Receipt
        
     
PLC - Public Limited Company
        
     
(a) - Non Income Producing
        
     
(b) - Foreign Issued Securities
        
               
               
               
     
The cost basis of investments for federal income tax purposes at February 29, 2012 was as follows*:
        
               
     
Cost of investments
   $ 34,229,650  
     
Gross unrealized appreciation on investments
     4,359,951  
     
Gross unrealized depreciation on investments
     (1,208,613 )
     
Net unrealized appreciation on investments
   $ 3,151,338  
               
     
*Because tax adjustments are calculated annually, the above table does not reflect tax adjustments.  For the previous
        
     
fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s
        
     
most recent semi-annual or annual report.
        
 
 
 
 
 
Summary of Fair Value Exposure at February 29, 2012 (Unaudited)
               
The Trust has performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination. Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below:
               
Level 1 - Quoted prices in active markets for identical securities.
            
Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
  
Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
    
               
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
               
The following is a summary of the inputs used to value the Fund's net assets as of February 29, 2012:
      
       
 
      
   
Level 1
Level 2
Level 3
Total
    
Common Stocks
         37,380,988
                         -
                         -
         37,380,988
    
 
Total*
      37,380,988
                         -
                         -
      37,380,988
    
               
*Additional information regarding the industry and/or geographical classification of these investments is disclosed in the schedule of investments.
               
There were no significant transfers into or out of Level, 1, Level 2 or Level 3 fair value measurements during the reporting period for the Fund, as compared to their classification from the most recent annual report. It is the Fund's policy to consider transfers into or out of Level 1, Level 2 or Level 3 as of the end of the reporting period.
               
In May 2011, the FASB issued AU No. 2011-04 "Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements" in GAAP and the International Financial Reporting Standards ("IFRSs"). ASU No. 2011-04 amends FASB ASC Topic 820, Fair Value Measurements and Disclosures, to establish common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with GAAP and IFRSs. ASU No. 2011-04 is effective for fiscal years beginning after December 15, 2011 and for interim periods within those fiscal years. Management is currently evaluating the impact of these amendments and does not believe they will have a material impact on the Company's financial statements.
 
Derivatives and Hedging Activities at February 29, 2012 (Unaudited)
               
The Trust has adopted an accounting standard involving disclosures of derivatives and hedging activities.  The standard is intended to improve financial reporting for derivative instruments by requiring enhanced disclosure that enables investors to understand how and why an entity uses derivatives, how derivatives are accounted for and how derivative instruments affect an entity's results of operations and financial position.  The standard does not have any impact on the Fund's financial disclosures because the Fund has not maintained any positions in derivative instruments or engaged in hedging activities.
 
 
 
 
 
Item 2. Controls and Procedures.
 
(a)  
The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b)  
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.


 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).  Filed herewith.
 

 
 
 
 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Allied Asset Advisors Funds


By  /s/ Bassam Osman                                         
                Bassam Osman, President

Date  April 10, 2012.                                              



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.



By /s/ Bassam Osman.                                         
                Bassam Osman, President

Date  April 10, 2012.                                              


By /s/ Mohammad Basheeruddin                       
                Mohammad Basheeruddin, Treasurer

Date  April 10, 2012                                               .

 
 
 
 
 
 EX-99.CERT 2 certs.htm OFFICER CERTIFICATIONS certs.htm
 
CERTIFICATION
 
I, Bassam Osman, certify that:

1.  
I have reviewed this report on Form N-Q of Allied Asset Advisors Funds;

2.  
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4.  
The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the Registrant and have:

 
(a)  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
(b)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 
(c)  
Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation;  

 
(d)  
Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5.  
The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

 
(a)  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

 
(b)  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date:  April 10, 2012                                2
/s/ Bassam Osman                                                                                         ..
 
Bassam Osman, President
 
 
 
 
 
CERTIFICATION
 
I, Mohammad Basheeruddin, certify that:

1.  
I have reviewed this report on Form N-Q of Allied Asset Advisors Funds;

2.  
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4.  
The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the Registrant and have:

 
(a)  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
(b)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 
(c)  
Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation;

 
(d)  
Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5.  
The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

 
(a)  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

 
(b)  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: .April 10, 2012                                2
/s/ Mohammad Basheeruddin                                                                             .
 
Mohammad Basheeruddin, Treasurer