Orient Tradelink Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

Term/right attached to equity shares

1. The Company has only one class of Shares referred to as equity share having a par value of Rs. 10 each. Each holder of equity shares is entitled to vote.

2. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company after distribution of all preferential amounts.

3. The distribution will be in proportion to the number of equity shares held by the shareholders.

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Mar 31, 2018

(A) Notes on Financial Statements

1. The SSI status of the creditors is not known to the Company; hence the information is not given.

2. Salaries includes directors remuneration on account of salary Rs. 18,00,000/- (Previous Year Rs. 3,60,000/-)

3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.

4. Payments to Auditors:

5. The Company has invested in stock as Sai Kalyan Kendra is opening in the next fiscal year.

6. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.

7. No provision for retirement benefits has been made. The impact of the same on Profit & Loss is not determined.

8. All assets and liabilities are presented as Current or Non-current as per criteria set out in Revised Schedule VI to the Company’s Act, 1956 Notified by the Ministry of Corporate affairs vide Notification No. SO447 (E) Dated 28th February, 2011 and SO653 (E) Dated 30th March, 2011. Based on the nature of operation of the company and realization from the trade receivable, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current /Non-current classification of assets & liabilities.

9. Previous year figures have been regrouped /rearranged wherever necessary.

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Mar 31, 2014

Board of directors certify the following :

1) The Accounts have been prepared on following basis:

(a) Mercantile,

(b) Going Concern, (c)Consistency,

(d) Historical Cost

(e) Applicable Accounting Standards

(f) Prudence

However petty expenses are on payment basis.

2) The provisions of Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended are not applicable, as there is no employee drawing remuneration beyond the stipulated amount provided in the said rules.

3) The Company is a small and Medium Sized Company (SMC) as defined in the General Instruction in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to Small and Medium Sized , Company.

4) There is no amount due to any small scale Industrial unit.

5) No interest is paid or due to any Micro, Small or Medium Enterprises under The Micro, Small & Medium Enterprises Development Act; 2006.

6) The current assets loans and advances will fetch the value atleast as shown in the balance sheet, if realized in the prdinary course of business.

7) The balances due to/from the Parties are subject to their confirmations. All the amounts recoverable and payable are as per the books of accounts

8) All payments exceeding Rs.20,000/- have been made by ''Account Payee'' crossed cheques / Bank Drafts / Pay Orders only for all kinds of expenses as required under Income Tax Act, 1961 & Rules made there under (Not verified by auditors as issued / received cheques are with banks).

9) In case of loans and advances taken and given, all such receipts and payments were by "Account Payee'' crossed Cheques / Bank Drafts/Pay Orders as required under Income Tax Act, 1961 and rules made thereunder. (Not verified by auditors as issued / received cheques are with banks).

10) In case of loans and advances taken and given, all such receipts and payments were by ''Account Payee'' crossed Cheques / Bank Drafts/Pay Orders as required under Income Tax Act, 1961 and rules made thereunder. (Not verified by auditors as issued / received cheques are with banks).

11) (i) That in the preparation of the annual accounts for the financial year ended 31st March 2014 the applicable accounting standards had been followed along with proper explanation relating to material departures;

(ii) That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss the Company for the year under review;

(iii) That the directors had taken proper and sufficient care for the maintenance of the adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

12) There is no Deferred tax Liability / Asset.

13) No preliminary Expenses have been written off during the year,

14) The Company did not accept any public deposit u/s 58A during the year under the provisions of Companies Act, 1956.

15) Earning Per Share

Net Profit/(Loss) available to Shareholders Rs. 35035

Number of Shares 1,20,000

Earning Per share Rs. .0002

Nominal Value of Share Rs. 10/-

16) No personal expenses of any director of the company have been charged to the revenue account of the company.

17) Previous year figures have been regrouped/rearranged wherever necessary to make them comparable with this year figures.

18) There are no foreign currency Expenditure during the year.

19) There are no contingent liabilities commitments other than as shown in the balance sheet. All the known liabilities have been provided.

20) There have been no major events subsequent to the date of balance sheet affecting the financial position of the Company till date.

21) The Accounts have been prepared by the directors and are certified by them to be true and correct as per their knowledge & belief. There are no such entries / statements / documents which is not believed by the Directors to be true and correct or based on any other person''s explanation /statement or documents as same has been verified by them properly. These notes clarify the various matters of accounts, financial matters & business of the company.

22) Previous Year figures : During the year ended March 31,2014, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the Company. The company has reclassified previous year figures to conform to this year''s classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet. Previous year''s figures have been regrouped wherever necessary to conform to this year''s classification.

23) Schedule I to 10 form an integral part of the Balance Sheet and have been authenticated by Board of Directors.

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Mar 31, 2012

1. The details regarding capacities, production, consumption of raw material, components are not given since the company is not engaged in manufacturing activities.

2. As per the information & explanation given to us during the course of our audit, there is no contingent liability as on the date of Balance Sheet.

3. Additional information as required by Part - II of Schedule - VI to the Companies Act, 1956:-

Current Previous Year (Rs.) Year (Rs.)

(a) Expenditure in Foreign Currency NIL NIL

(b) Earnings in Foreign Currency NIL NIL

(c) Remittances in Foreign Currency NIL NIL

4. Previous year figures have been re-grouped or re-arranged whenever necessary given.

5. In the opinion of Board, the Current Assets, Loans and Advances are approximately of the value stated in the Balance Sheet if realised in the ordinary course of business. The provisions for liabilities are adequate and not in excess of the amount considered necessary.

6. The outstanding dues owed by the company to small scale industrial undertakings for a sum of Rs. 1 Lakh or more than 30 days - NIL

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Mar 31, 2011

1. In the opinion of Board of Directors Current Assets Loans and Advance are approximately at the value stated in the Balance sheet if realized in the ordinary course of business The provisions of the known liabilities is adequate and not in excess of amount considered necessary.

2. Confirmation of debit and credit balance from most of the parties have been received

3. Contingent Liability ----- NIL

4. Additional information as required by Part-II of schedule-VI to the companies Act, 1956 the extent applicable are attached in the Annexure.

5. The outstanding dues owed by the company to small scale industrial undertaking for a sum of Rs,1.00 lakhs or more for more than 30 days -- NIL (Previous Year --- NIL).

6. deferred TAX IS RECOGNIZED FOR THE CURRENT year for timing differences between taxable income and accounting income for the year Tax rates that have been enacted and applicable to the company by the date of Balance sheet the net difference arising therein for the year is credited/debited to profit and loss statement.

7. Previous year figures have been recast/ regrouped wherever considered necessary to make them comparable with current year figures.

8. BALANACE SHEET ABSTRACT AND COMAPNY''S GENERAL BUSINESS PROFILE AS PER SCHEDULES VI PART IV OF THE COMPANIES ACT, 1956 FOR THE YEAR ENDING 31.03.2011

V. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/SERVICES OF THE COMAPNY (Amount in Rs. Thousands)

Not applicable since the company is not engaged in manufacturing activities or servicing in the nature of verities items classified in ITC code as published in India trade Classification however the major activities of the company are dealing in Trading goods.

9. Schedules I to X forms an integral part of the Balance sheet and profit & loss Account.

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Mar 31, 2010

(1) Other money for which Company is contingently liable:- Nil

(2) In the opinion of the Board of Director, the current Assets, Loan & advance have a value on realisation, in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

(3) The Accounting Year of the Company is 01-04-2009 to 31-03-2010

(4) The cash in hand of the Company As on 31.03.2010 Rs 10328.00/- is as certified by the Management.

(5)Previous Year figures have been regrouped, rearranged wherever necessary.