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Directors Report of Oasis Tradelink Ltd.

Mar 31, 2015

To

The Members,

Oasis Tradelink Limited

The Directors present the Annual Report of your Company together with the Audited Financial Statement for the financial year ended, 31st March, 2015.

FINANCIAL HIGHLIGHTS

Particulars

2014-2015

2013-2014

Income for the year was

1,536,457,376

1,357,259,101

Profit before Financial Charges, Depreciation and Taxation

18,520,178

1,1425,148

Out of which, Provisions have been made for :-

Financial Charges

10,731,377

6,424,183

Depreciation

2,580,991

1,902,230

Provision for Taxation :

(i) Current Income Tax

(ii) Deferred Tax

1,000,000

(416)

700,000

(11,898)

Profit after Income Tax

4,208,226

2,410,633

DIVIDEND

In order to plough back the profits, Your Directors do not recommend any dividend for the year under review.

DIRECTORS

In accordance with the provisions of the Companies Act, 2013 Mr. Snehal B. Patel, Whole-Time Director of the company who is liable to retire by rotation, being eligible for reappointment, offers himself for reappointment.

The Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and the relevant rules.

DEPOSITS

Your Company has neither invited nor accepted any fixed deposit from the public during the year.

EXTRACT OF ANNUAL RETURN

The extract of Annual Return as per section 92 of the Companies Act, 2013 read with Rule 12 of the Companies (Management and administration) Rules, 2014 is annexed herewith to this report.

NUMBER OF BOARD MEETINGS

Eleven meetings of the Board were held during the year under review. The details of which are given in the Corporate Governance Report.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Clause 52 of the Listing Agreement, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees. I II II

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 134(5) of the Companies Act, 2013, with respect to Directors'' Responsibility Statement, it is hereby confirmed that:

(a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with explanation relating to material departures;

(b) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that are 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/loss of the company for that period;

(c) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) The directors have prepared the annual accounts on a going concern basis; and

(e) The directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

OBSERVATIONS:

There were no qualifications, reservations or adverse remarks made by the Auditors or by the Practicing Company Secretary in their respective reports.

STATUTORY AUDITORS

M/s. Rakshit M Shah & Co., Chartered Accountants, having its office at Ahmedabad, will retire at the ensuing Annual General meeting of the Company and being eligible offer themselves for re-appointment. Your directors recommend their re-appointment as Statutory Auditors of the Company for the next financial year.

SECRETARIAL AUDITORS

In terms of Section 204 of the Act and Rules made there under, Mr. Manohar Chunara, Practicing Company Secretary have been appointed as Secretarial Auditor of the Company. The report of the Secretarial Auditor is enclosed to this report. The report is self-explanatory and do not call for any further comments.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars as required under the provisions of Section 134(m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company has neither earned nor used any foreign exchange.

ACKNOWLEDGEMENTS

Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.

By Order of the Board of Directors

Sd/-

Snehal B. Patel

Chairman

Date: 05/09/2015

Place: Ahmedabad


Mar 31, 2014

Dear Members,

The Directors present the Annual Report of your Company together with the Audited Statement of Accounts and the Auditors'' Report of your company for the financial year ended, 31st March, 2014.

FINANCIAL HIGHLIGHTS Particulars 2013-2014 2012-2013

Income for the year was 1,35,72,59,102 73,57,64,664

Profit before Financial 1,14,25,149 1,03,96,929 Charges, Depreciation and Taxation

Out of which, Provisions have been made for :-

Financial Charges 64,24,183 66,64,102

Depreciation 19,02,230 16,82,292

Provision for Taxation :

(i) Current Income Tax 7,00,000 3,00,000

(ii) Deferred Tax (11,898) 4,38,104

Profit after Income Tax 24,10,634 13,12,431

DIVIDEND

In order to plough back the profits, Your Directors do not recommend any dividend for the year under review.

DIRECTORS

During the year, Mr. Shankar Prasad Bhagat and Mr. Naishadh Patel were appointed as Additional Directors and they shall hold office up to the date of the ensuing AGM and Ms. Olga Menezes Vincentpaul, whose term will be expired at the conclusion of the ensuing AGM. The Company has received requisite notice in writing from a member proposing them for appointment as Directors.

Mr. Snehal Patel, Whole Time Director of the company who is liable to retire by rotation, being eligible for reappointment, offers himself for reappointment.

DEPOSITS

The company has neither invited nor accepted any fixed deposit from the public during the year within the meaning of section 58A of companies Act, 1956 and the companies'' Acceptance & Deposits Rules, 1975 as amended from time to time.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, it is hereby confirmed that:

1. in preparation of the Annual Accounts, the applicable accounting standards have been followed.

2. the Directors had selected such Accounting Policies and applied them consistently and made judgements and estimates that are 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 of the company for that period.

3. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. the Directors had prepared the Annual Accounts on a going concern basis.

DISCLOSURES UNDER SECTION 217(1)(P) OF THE COMPANIES ACT, 1956

Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of the Company occurred between the end of the financial year of the Company and date of this report.

PARTICULARS OF EMPLOYEES

There is no employee in the Company whose particulars are required to be given under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

AUDITORS

M/s. Rakshit M Shah & Co., Chartered Accountants, having its office at Ahmedabad, will retire at the ensuing Annual General meeting of the Company and being eligible offer themselves for re-appointment. Your directors recommend their re-appointment as Statutory Auditors of the Company for the next financial year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company has neither earned nor used any foreign exchange.

ACKNOWLEDGEMENTS

Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.

By Order of the Board of Directors

Chairman

Date :05/09/2014 Place : Ahmedabad

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