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Notes to Accounts of Trinity Tradelink Ltd.

Mar 31, 2015

1 General Information

TRINITY TRADELINK LTD (the 'Company') is engaged in the trading of commodities such as TMT Bars , Yellow Peas, Maize and others as well as in the business of extraction of Petroleum products and Natural gases. Incorporated on 30.03.1985, the Company has its registered office at Mumbai and Corporate Office in Kolkata. The Company is a Public Company with its shares listed on Bombay Stock Exchange .

2. Rights, preferences and restrictions attached to shares

Equity Shares:

The company has one class of equity shares having a par value of Rs. 1 per share.(P.Y. of Rs 10 /- per share). Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

3. Equities of Rs. 10/- each has been revalued @ Re. 1/-

17 Contingent liabilities (to the extent not provided for)

There are no contingent liabilities as at 31 March 2015 (31 March 2014: Nil).

4.Related party transactions

Amount in Rs. unless otherwise stated

Details of related parties:

a) Associates Dunhil Healthcare Pvt. Ltd.

b) Key Management Personnel (KMP) Vikrant Kayan, Shaleni Kayan

c) Entities in which KMP/Relatives of KMP can exercise significant influence" Dunhil Traders Pvt. Ltd.

4. Segment information

"As the Company's business activity falls within and is organised as a single business segment, viz. Trading , the disclosure requirements of Accounting Standard (AS-17) on "Segment Reporting" are not applicable."

5. The previous year figures are reclassified where considered necessary to conform to this year's classification.


Mar 31, 2014

Share capital

Note:

Pursuant to scheme of arrangement one equity share of Transferee Company to be issued against each share of Transferor Company

Rights. Preferences & Restrictions Attached To Shares:

The company has only one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to recieve the remaining assets of the company after distribution of all preferential amounts in proportion to their shareholding.

Pursuant to the scheme of amalgamation approved by the Hon''ble High Courts of Bombay TRINITY TRADELINK LIMITED has been merged with TRINITY TRADELINK LIMITED ( Formerly OMNITECH PETROLEUM LIMITED) with retrospective effect from 1st April, 2012, the Appointed Date. The High Court Order has been filed with the Registrar of Companies on 27th January, 2014 The transferor company was engaged in the business of buyers, sellers, traders, distributors, merchants, agents, brokers, sub-brokers, stockists, commission agents. The amalgamation is expected to lead to synergistic linkages besides economies in costs of combining the total business functions and the related activities and operations and thus contribute to the profitability of the Amalgamated Company. The amalgamation has been accounted as ''amalgamation in the nature of merger'' in accordance with the terms of the High Court Order and consequently the pooling of interest method has been used. The assets, liabilities and other reserves of the erstwhile TRINITY TRADELINK LIMITED as at 1st April, 2013 have been taken over at their book values.

Purchase consideration has been discharged by issuing 26,010,805 equity shares of Rs10 each in the ratio of 1:1

SEGMENT REPORTING

Since the company is operating in a single line of business, no Segment Reporting is reported as defined by Accounting Standard (AS-17)-"Segment Reporting".

CONTINGENT LIABILITIES

There is no contingent liabilities


Mar 31, 2013

NOTE 1 : General Information:

Omnitech Petroleum Ltd has been Listed at Bombay stock exchange under the Companies Act,1956 and is a Company limited by Shares. It is engaged in the business of extraction of petroleum products, Natural gases. It is Mumbai based Company.

NOTE- 2 SEGMENT REPORTING

Since the company is operating in a single line of business , no Segment Reporting is reported as defined by !ccounting Standard (!S – 17) – "Segment Reporting".

NOTE- 3 CONTINGENT LIABILITIES

There is no contingent liabilities NOTE- 19 PREVIOUS YEARS FIGURES

Previous Years figures have been regrouped/ re-arranged wherever necessary.

NOTE - 4: ROUNDING OFF

Figures have been rounded off to the nearest rupees.


Mar 31, 2012

Note :- The Company has only one class of shares referred to as equity shares having par value Rs. 10/-. Each holder of equity share is entitled to one vote per share.

Note 1 Previous year's figures

15 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2011

1. Related Parties Disclosures as required by Accounting Standard 18 are given below:

(a) There are changes in the Key Management Personnel of the company : The Followings persons appointed in the board of directorship:

1. Kamal Kishore Gupta Director

2. Tarachand Varma Director

3. Gaurav Gupta Director

The Followings persons resigned in the board of directorship:

1. Mr. Sheel Kumar Singh

2. Mr. Arun Kamat Director

3. Ms. Katy Umrigar Director

2. Since the company has only one segment viz. trading, during the current financial year, therefore, the Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

3. There were no amounts due to any creditors belonging to Small and Medium Scale Industries.

4. Previous year figures have been regrouped/ recast wherever necessary.


Mar 31, 2010

1. In the opinion of the board of directors the Current Assets, Loans and Advances are approximately of the value stated , if realizable in the ordinary course of business. The provision for depreciation on fixed assets and for all know liabilities are adequate and is not in excess of amounts considered reasonably necessary.

2. Expenditure in Foreign Currency - Nil.

3. It was explained to us by the management that there are no transactions during the year with Related Parties.

4. Information with regard Schedule VI Part IV are given in the enclosed statement.

 
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