Oasis Tradelink Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2025

Significant Accounting Policies:

A. Basis of Accounting:

The financial statements have been prepared under the historical cost convention, on accrual basis, in accordance with the applicable Accounting Standards referred to under section 133

of the companies act 2013 read with rule 7 of the companies ( Accounts ) rules 2014.

B. Borrowing Cost :

Fixed asset which necessarily takes substantial period of time to get ready for its intended use is qualifying asset, Borrowing costs that are attributable to the acquisition or construction of such qualifying assets are capitalised as part of the cost of such assets. All other borrowing costs are recognized as expense in the period in which they are incurred.

C Use of Estimates :

The presentation of financial statements requires certain estimates and assumptions.These estimates and assumptions affect the reported amounts of assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.Differences between the actual result and estimates are recognized in the period in which the results are known / materialized.

D Provisions. Contingent Liabilities and Contingent Assets

Provision involving substrantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and that probability requires an outflow of resources.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources. Where there is a possible obligation or a present in respect of which the likelihood of outflow of resources is remote, no disclosure is made.

Contingent assets are neither recognised nor disclosed in financial statements.

E Financial instruments

An entity recognizes a financial asset or liability in its financial statement when it becomes a party to the contractual provisions of the instrument and financial liabilities are recognised initially at fair value and subsequently measured at amortised cost.

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Mar 31, 2016

A. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

- The financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis. These financial statement have been prepared to comply in all material aspects with the Accounting Standards notified under Section 2H 3(C) [ Companies (Accounting Standards ) Rules,200%s amended ] and the other relevant provisions of the Companies Act, P56.

B. FIXED ASSETS

- Fixed Assets are valued at cost the preciation as certified by management.

C. DEPRECIATION

Depreciation has been required on fixed assets on write down value method in accordance with the useful life specified in Schedule II to the Act,

D. INVENTORY

- Closing Stock is taken as certified by the age anent. The same is valued at cost or Net Realizable Value whichever is less.

E. RETIREMENT BENEFITS

- As certified by the management, the company has no liability under the Provident Fund & Super Annotation Fund Act as the set do not apply to the company.

- It is explained to us that the company shot provide for any leave encashment and any liability arising thereon shall be paid dealt with in the books of accounts at the actual time payment.

F. REVENUE RECOGNITION

- Sales are accounted elusive of taxes.

G. INVESTMENTS

- Long Investments are carried cost less provision permanent diminution if any in the value of such investment.

H. BORROWING COSTS

- Borrowing costs are charged to the Profit and Loss A/c in the year in which they are incurred.

I. CONTINGENT LIABILITIES

- As certified by the Management, there is contingent liability on the company and all known and estimated labialise have been provided for in the books of accounts.

J. APPLICABILITY OF AS-22

- In compliance with the Accounting Standa22 (AS-22) Accounting for Taxes on Income” issued by the Institute of Charged: Accountants of India, company has created Deferred Tax Liability of4R8-,I4/- in the current year.

K. APPLICABILITY OF AS - 18

- In accordance with the requirements Accounting Standard -B (AS - 8)

Related Party Transactions’ ’ issued by Institute of Chartered Accountants of India, the following company is considered Related Party as defined in AS -B:

L. FOREIGN CURRENCY TRANSACTIONS

- There are no such foreign currency transactions during the year.

M. C I F VALUE OF IMPORT RAW MATERIALS

- NIL

N. EXPENDITURE IN FOREIGN CURRENCY

- NIL

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Mar 31, 2014

A. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

* The financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis. These financial statements have been prepared to comply in all material aspects with the Accounting Standards notified under Section 211 3(C) [ Companies (Accounting Standards ) Rules,2006, as amended ] and the other relevant provisions of the Companies Act, 1956.

B. FIXED ASSETS

* Fixed Assets are valued at cost less depreciation.

C. DEPRECIATION

* Depreciation has been provided on Written down Value method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

D. INVENTORY

* Closing Stock is taken as certified by the Management. The same is valued at cost or Net Realizable Value whichever is less.

E. RETIREMENT BENEFITS

* As certified by the management, the company has no liability under the Provident Fund & Super Annuation Fund Act as the said acts do not apply to the company.

* It is explained to us that the company does not provide for any leave encashment and any liability arising thereon shall be paid and dealt with in the books of accounts at the actual time of payment.

F. REVENUE RECOGNITION

* Sales are accounted Inclusive of taxes.

G. INVESTMENTS

* Long Investments are carried at cost less provision for permanent diminution if any in the value of such investment.

H. BORROWING COSTS

* Borrowing costs are charged to the Profit and Loss A/c in the year in which they are incurred.

I. CONTINGENT LIABILITIES

* As certified by the Management, there is no contingent liability on the company and all known and estimated liabilities have been provided for in the books of accounts.

J. APPLICABILITY OF AS-22

* In compliance with the Accounting Standard 22 (AS-22) "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, company has

created Deferred Tax Liability of Rs.4,38,104/- in the current year.

K. APPLICABILITY OF AS - 18

* In accordance with the requirements of Accounting Standard -18 (AS - 18) "Related Party Transactions" issued by the Institute of Chartered Accountants of India, the following company is considered as Related Party as defined in AS -18:

Name of Party 2012-13 Relationship Nature of Transaction

Snehal B. Patel 12,00,000 Director Remuneration

Menezes Olga Vincentpaul 2,31,000 Director Remuneration

Naishdh B. Patel 12,00,000 Director Remuneration

Rupaganiben S. Patel 4,80,000 Wife of Director Salary

Anjanaben S. Patel 2,50,000 Wife of Director Salary

Maruti Nutritious Fodd Pvt Ltd 48,44,89,847 Sister Concern Sales

Maruti Nutritious Fodd Pvt Ltd 24,42,234 Sister Concern Labour Packing Income L. FOREIGN CURRENCY TRANSACTIONS

* There are no such foreign currency transactions during the year.

M. C I F VALUE OF IMPORT RAW MATERIALS

* NIL

N. EXPENDITURE IN FOREIGN CURRENCY

* NIL

O. EARNING PER SHARE

* The Earning per Share (AS-20) has been computed as under :

(a) Profit after tax Rs. 24,10,634/-

(b) No. of Equity Share shares

(c) Nominal value of share Rs. 10 per share

(d) EPS Rs. 0.46/-