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 Â
17) Â "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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