Orient Tradelink Ltd. कंपली की लेखा नीति

Mar 31, 2025

1. Company Overview

Orient Tradelink Limited (''the Company'') was incorporated in India on 20 August, 1994.

2. Significant Accounting Policies

2.1 Basis of Preparation of Financial Statements

The Financial Statements have been prepared by following the going concern concept on historical cost convention and in accordance with the accounting specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended).

All assets and liabilities have been classified as current and non-current, wherever applicable as per company normal operating cycle based on the nature of product and the time between the acquisition of assets for processing and there realization in cash and cash equivalent and as per the guidance as set out in the Schedule III of the Companies Act, 2013

The Company follows mercantile system of accounting and recognizes items of income and expenditure on accrual basis.

2.2 Use of Estimation

The preparation of financial statements required management to make estimations & assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates.

2.3 Fixed Assets

Fixed assets including intangible assets are stated at cost less accumulated depreciation and impairment losses if any. Cost comprises the purchase price and any directly attributable cost of bringing the asset to its working condition for its intended use.

2.4 Depreciation & Amortization

Depreciation has been provided on written down value basis, at the rate determined with reference to the useful lives specified in Schedule II of the Companies Act, 2013. The impact of the change in useful life of fixed assets has been considered in accordance with the provision of Schedule III.

Depreciation on assets, whose actual cost does not exceed five thousand rupees is provided at the rate of hundred percent on pro-rate basis.

2.5 Borrowing costs

Borrowing costs that are attributable to the acquisition and/or construction of qualifying assets are capitalized as part of the cost of such assets, in accordance with notified Ind AS 23 "Borrowing Costs". A qualifying asset is one that necessarily takes a substantial period of time to get ready for its intended use. All other borrowing costs are treated as period cost and charged to the statement of profit and loss in the year in which incurred.

2.6 Impairment of assets

The Company assesses at each balance sheet date whether there is any indication that an asset may be impaired. If any such indication exists, it estimates the recoverable amount of the asset. If such recoverable amount of the asset or the recoverable amount of the cash-generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in the statement of profit and loss.

2.7 Investments

Investments that are readily realizable and intended to be held for not more than a year are classified as current investments. All other investments are classified as long term investments. Current investments are carried at lower of cost or fair value determined on an individual investment basis. Long term investments are carried at cost.

2.8 Inventories

• Stock in Trade is valued at cost, which is determined on the basis of the ''First in First out'' method.

2.9 Revenue Recognition

Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

i. Sale of Goods

Revenue is recognized and earned when they are realized or realizable irrespective of when the cash is received.

2.10 Retirement benefits

Expenses and liability in respect of employee benefits are recorded in accordance with Ind AS 19-Employee Benefits (Revised 2005)

Provident fund

The Company does makes contribution to statutory provident funds with Employees Provident Fund and Miscellaneous Provision Act, 1952 which is a defined contribution plan and contributions paid or payable are recognized as an expense in the year in which services are rendered by the employee.

Other short term benefits

Expense in respect of other short term benefits is recognized on the basis of the amount payable for the period during which services are rendered by the employee.

2.11 Taxation

Tax liability is estimated considering the provisions of the Income Tax Act, 1961. Deferred tax is recognized on timing differences being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. On prudent basis, deferred tax is recognized on account of depreciation and carried forward to the extent only when there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

2.12 Leases

Lease arrangements where the risk and rewards incident to ownership of an asset substantially vest with the lessor are recognized as operating lease. Lease rent under operating leases are charged to profit and Loss on a straight line basis over the lease term.

2.13 Cash and Cash equivalents

Cash and cash equivalents comprise cash in hand, demand deposits with bank and short term highly investments that are readily convertible into cash and are subjects to an insignificant risk of change in value.

2.14 Provisions, Contingent Liabilities and Contingent Assets

Depending upon the facts of each case and after due evaluation of legal aspect, claims against the company are accounted for as either provisions or disclosed as contingent liabilities. In respect of statutory dues disputed and contested by the company, contingent liabilities are provided for and disclosed as per original demand. The Company makes a provision when there is a present obligation as a result of a past event where the outflow of economic resources is probably not require outflow of resources or where the same cannot be reliably estimated, is disclosed as contingent liability in the financial statements.

2.15 Earnings Per Share

(In item of Ind AS 33)

Basic Earnings per Share is computed and disclosed using the weighted average number of shares outstanding during the year. There being no potential equity shares Diluted Earnings per Share has not been computed.

23 Balances of trade receivables, trade payables, current/non-current advances given/ received are subject to reconciliation and confirmation from respective parties.

The balance of said trade receivables, trade payables, current / non-current advances given/ received are taken as shown by the books of accounts. The ultimate outcome of such reconciliation and confirmation cannot presently be determined, therefore, no provision for any liability that may result out of such reconciliation and confirmation has been made in the financial statement, the financial impact of which is unascertainable due to the reasons as above stated.

24 Inventories, loans & advances, trade receivables and other current / non-current assets are in the opinion of the management do not have a value on realization in the ordinary course of business, less than the amount at which they are stated in the balance sheet. The classification of assets and liabilities between current and non-current have been made based on management perception as to its recoverability / settlement and other criteria as set out in the revised schedule III to the Companies Act, 2013.

25	Auditors'' Remuneration
	Particulars	Year ended March 31, 2025	Year ended March 31, 2024
	Audit Fees	90,000	1,55,000.00
	Total	90,000	1,55,000.00

26 Segment Reporting

The company is primarily engaged in the business of real estate development, which after evaluation of Ind AS- 108 on "Segment Reporting", issued by the Institute of Chartered Accountants of India, is considered to be the only reportable business segment. In addition, the company is operating in India which is considered as a single geographical segment.

27 Based on the information available with the company, there are no dues outstanding in respect of Micro, Small and Medium enterprises at the balance sheet date. No amounts were payable to such enterprises which were outstanding for more than 45 days. Further, no interest during the year has been paid payable in respect thereof. The above disclosure has been determined to the extent such parties have been indentified on the basis of information available with the Company. This has relied upon by the auditors.

28 Company has prepared financial statements for the financial year as per the provisions of Schedule III of The Companies Act, 2013.

29 The company has regrouped / reclassified previous year figures where necessary to conform to with current year''s classification.

30 Based on the information available with the company, there are no dues outstanding in respect of Micro, Small and Medium enterprises at the balance sheet date. No amounts were payable to such enterprises which were outstanding for more than 45 days. Further, no interest during the year has been paid payable in respect thereof. The above disclosure has been determined to the extent such parties have been indentified on the basis of information available with the Company. This has relied upon by the auditors.

31 Company has prepared financial statements for the financial year as per the provisions of Schedule III of The Companies Act, 2013.

32 The company has regrouped / reclassified previous year figures where necessary to conform to with current year''s classification.

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Mar 31, 2018

A. Significant Accounting Policies

1. Basis of accounting:-

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) including the Accounting Standards notified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared under the historical cost convention on accrual basis.

2. Revenue Recognition :-

Expenses and Income considered payable and receivable respectively are accounted for on accrual basis except discount claims, rebates and retirement benefits which cannot be determined with certainty during the year.

3. Fixed Assets :-

Fixed assets are stated at their original cost of acquisition including taxes, freight and other incidental expenses related to acquisition and installation of the concerned assets less depreciation till date.

4. Depreciation :-

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Written down Value (WDV) Method/SLM method. Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.

5. Investments :-Investments are stated at cost.

6. Inventories :-

Inventories are valued as under:-

1. Inventories : Lower of cost or net realizable value

2. Scrap : At net realizable value.

7. Miscellaneous Expenditure:-

Miscellaneous Expenditure comprises of Preliminary expenses that are amortized over a period of five years.

8. Retirement Benefits:-

The retirement benefits are accounted for as and when liability becomes due for payment.

9. Taxes on Income:-

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with the Income Tax Act, 1961. The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the tax rates and laws that have been substantively enacted by the balance sheet date. Deferred tax assets arising from timing differences are recognized to the extent there is virtual certainty with convincing evidence that these would be realized in future. At each Balance Sheet date, the carrying amount of deferred tax is reviewed to reassure realization.

10. Provisions. Contingent Liabilities and Contingent Assets:- (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for:-

(i) Possible obligations which will be confirmed only by future events not wholly within the control of the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition of the income that may never be realized.

General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles and have been consistently applied.

11. Notes:

1. The Company has adopted Indian Accounting Standards (IND AS) prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued there under from April 1^st, 2016. The date of transition to IND AS is from April 1^st, 2015 and accordingly these financial results have been prepared in accordance with the recognition and management principle laid down, and other accounting principle laid down, and other accounting principle generally accepted in India.

2. The above standalone financial results as reviewed by the Audit Committee have been approved by the Board of Directors at its Meeting dated 29^th May, 2018.

3. The figures of quarter ended March 31, 2018 and March 31, 2017 are the balancing figures in respect of the full financial year up to March 31, 2018 and March 31, 2017 respectively and the unaudited published year to date figures up to December 31, 2017 being the date of the end of the third quarter of the Financial Year. The stand alone results for the nine months ended December 31, 2017 have been subjected to the limited review by the Statutory Auditors.

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Mar 31, 2014

Not Available.

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Mar 31, 2013

Corporate Information:

Orient Tradelink Limited is a Public Company incorporated under the Provisions of Companies Act, 1956. The company is engaged in the business Trading goods.

AS 1 a) BASIS OF PREPARATION:

The financial statements are prepared under the historical cost convention and materially comply with the notified Accounting Standards applicable to Small and Medium sized companies notified by Companies Accounting Standard Rules, 2006. The accounting is done on a Qoing Concern basis. b) USE OF ESTIMATES :

The preparation of Accounting Standards in conformity with generally accepted accounting principles requires estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of the financial statements and the results of the operations during the reporting period.

AS 2 VALUATION OF INVENTORIES:

The Company does not have any Inventory at the end of the year.

AS 3 CASH FLOW STATEMENT:

Attached along with Financial Statements.

AS 4 CONTINGENCIES AND EVENTS OCCURRING AFTER THE BALANCE SHEET DATE:

There are no contingencies that require provision during the year.

AS 5 PRIOR PERIOD ITEMS AND EXTRA-ORDINARY ITEMS 86 CHAAGES IN ACCOUNTING POLICIES:

No Prior period items, extraordinary items, changes in accounting policies having material impact on the affairs of the financial item.

AS 6 DEPRECIATION:

The company has provided depreciation on Straighl line method at the rates specified in Companies Act, 1956 as amended.

AS 7 CONSTRUCTION CONTRACTS

Not Applicable.

AS 9 REVENUE RECOGNITION:

Income from sales of Trading goods are accounted for on accrual system of accounting. Sale of Fabric is recognized at the point of delivery to the customers.

AS 10 FIXED ASSETS:

All fixed assets have been valued at cost less depreciation.

AS 11 FOREIGN CURRENCY TRANSACTION:

Not Applicable.

AS 12 GOVERNMENT GRANTS:

The Company has not received any grants during the period and therefore the standard is not applicable to the company.

AS 13 INVESTMENTS:

Investments in shares are valued at cost.

AS 14 ACCOUNTING FOR AMALGMATION:

Not Applicable.

AS 15 PROVISION FOR GRATUITY

Gratuity contingently payable at future date in respect of employees has not been provided for in the accounts as there is no liability for the same at present.

AS 16 BORROWING COSTS:

Not Applicable as there were no borrowing cost involved during the year.

AS 17 SEGMENT REPORTING:

Not Applicable.

AS 18 RELATED PARTY DISCLOSURES:

The required disclosures have been made in respective notes to the Balance Sheet.

AS 19 LEASES:

The company has not acquired any assets on lease basis and therefore the standard is not applicable for the company.

AS 20 EARNINGS PER SHARE:

Basic EPS are calculated by dividing net profit or lcss for the period attributable to the equity shareholders divided by weighted aver age number of equity shares outstanding during the period.

AS 21 CONSOLIDATED FINANCIAL STATEMENTS:

Not Applicable.

AS 22 ACCOUNTING FOR TAXES:

Income Tax is accounted for in accordance with AS 22 "Accounting for Taxes on Income" for both current tax and deferred tax as stated below:

Current Tax

Provision for taxation is ascertained on the basis of assessable profits computed in accordance with the provisions of Income Tax Act, 1961.

Deferred Tax

Deferred tax is recognized for the current year for timing differences between taxable income and accounting income for the year using tax rates that have been enacted and applicable to the company by the date of Balance Sheet. The net difference arising thereon for the year is credited/debited to Profit and Loss Statement.

AS 23 ACCOUNTING FOR INVESTMENTS IN ASSOCIATES IN CONSOLIDATED FINANCIAL STATEMENTS:

Not Applicable.

AS 24 DISCONTINUING OPERATIONS:

Not Applicable.

AS 25 INTERIM FINANCIAL REPORTING:

Not Applicable.

AS 26 INTANGIBLE ASSETS:

The Company does not hold any intangible assets and therefore the standard is not applicable to the company.

AS 27 FINANCIAL REPORTING OF INTEREST IN JOINT VENTURE:

Not Applicable.

AS 28 IMPAIRMENT OF ASSETS :

The management periodically assesses using external and internal sources whether is an indication that fixed assets of the company have suffered an impairment losses. Impairment loss, if any, is provided as per accounting standard(AS-28) on Impairments of Assets.

AS 29 PROVISIONS, CONTINGENT LIABILITIES, CONTINGENT ASSETS:

The Company makes a provision when there is a present obligation as a result of past event where the outflow of economic resources is probable and reliable estimate of the amount of obligation can be made. A disclosure is made for possible of present obligations that may but probably will not require out flow of resources or where a reliable estimate cannot be made, as a contingent liability in the financial statements.

AS 30 FINANCIAL INSTRUMENTS-RECOGINITION AND MEASUREMENT:

Not Applicable.

AS 31 FINANCIAL INSTRUMENTS-PRESENTATION:

Not Applicable.

AS 32 FINANCIAL INSTRUMENTS-DISCLOSURES:

Not Applicable.

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Mar 31, 2012

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements are prepared under the historical cost convention, in accordance with normally accepted accounting principles and the provisions of the Companies Act, 1956 as amended.

2. SYSTEM OF ACCOUNTING

The company follows the mercantile system of accounting and recognizes the income and expenditure on accrual basis.

3. FIXED ASSETS

All fixed assets have been valued at cost less depreciation.

4. DEPRECIATION

The company has provided depreciation on Straight Line Method at the rates specified under Companies Act, 1956.

5. INVENTORY

The Company does not have any Inventory at the year end.

6. REVENUE RECOGNITION

Income from sales of Trading Goods are accounted for on accrual system of accounting. Sale of fabric is recognized at the point of delivery to the customers.

7. INVESTMENTS

Investments in shares are valued at cost.

8. PROVISIONS, CONTINGENT LIABILITIES, CONTINGENT ASSETS:

The Company makes a provision when there is a present obligation as a result of past event where the outflow of economic resources is probable and reliable estimate of the amount of obligation can be made. A disclosure is made for possible of present obligations that may but probably will not require out flow of resources or where a reliable estimate cannot be made, as a contingent liability in the financial statements.

9. RELATED PARTY DISCLOSURES:

The required disclosures have been made in respective not es to the Balance Sheet.

10. ACCOUNTING FOR TAXES:

Income Tax is accounted for in accordance with AS - 22 "Accounting for Taxes on Income" for both current tax and deferred tax as stated below:

Current Tax

Provision for taxation is ascertained on the basis of assessable profits computed in accordance with the provisions of Income Tax Act, 1961.

Deferred Tax

Deferred tax is recognized for the current year for timing differences between taxable income and accounting income for the year using tax rates that have been enacted and applicable to the company by the date of Balance Sheet. The net difference arising thereon for the year is credited/debited to Profit and Loss Statement.

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Mar 31, 2011

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements are prepared under the historical cost convention in accordance with normally accepted accounting principal and provisions of the companies Act, 1956 as followed consistently by the company.

2. FIXED ASSETS

All fixed assets have been valued at historical cost less depreciation

3. INVESTMENTS

Long Term Investments are valued at cost.

4. VALVATION OF STOCK OF TRADING GOODS

The company does not have any investors at the year end.

5. DEPRECIATION

The company has provided depreciation on straight line method at the rates specified in schedule -XIV to the company Act, 1956 as amended.

6. REVENUE RECOGNITION

Income from sales of Trending goods are accounted for a accrual system of accounting sale of Fabric is recognized at the point of delivery to the customers.

7. LEAVE SALARY

Employees are encasing their leave salary as and when it is due.

8. RELATED PARTY DISCLOURES

The required disclosures has been in the respective notes to the Balance sheet.

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Mar 31, 2010

(1) BASIC OF ACCOUNTING:

The Company prepares its Financial Statement under the historical cost vonvention in accordance with the generally accepted Accounting Principles and the requirements of the Companies Act, 1956 consistently.

2) INCOME & EXPENDITURE:-

The Company follows mercantile system of Accounting and recognizes items of Income and Expenditure on accrual basis.

(3) FIXED ASSETS AND DEPRECIATION

Depreciation on fixed Assets is provided for on WDV method at the rate prescribed in schedule XIV to the Companies Act, 1956.

(4) EMPOLYEES RETIREMENT BENEFITS

Provision for gratuity is not required as the Company has not employed any new employee during the year.

(5) MISCELLANEOUS EXPENDITURE:-

Preliminary expenses are written off over a period of Ten Year.

(6) INVENTORIES

The inventory has been valued at cost price or market value whichever is less.