Accounting Policies of Amiable Logistic (India) Ltd. Company

Mar 31, 2025

1 BASIS OF PREPARATION

The Financial statement have been on historical cost basis and on the accounting principles of going concern in
accordance with generally accepted accounting principles comprising of the mandatory Accounting Standards
referred to in Section 133 of The Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014 and
Guidance Notes issued by Institute of Chartered Accountants of India. The accounting policies adopted in the
preparation of financial statements have been consistently applied

All the assets and liabilities have been classified as current and Non-current as per the Company''s operating cycle
and other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of products and time
between acquisition of assets for processing and realization in cash and cash equivalents, the Company has ascer¬
tained its operating cycle as 12 months for the purpose of current and non-current classification of assets and
liabilities

2 USE OF ESTIMATES

The preparation of Financial statement of the company is on conformity with Indian Generally Accepted Accounting
principles require management to make estimates that affect the reported amount of assets and liabilities at the date
of the Financial Statement and the reported amounts revenue and expenses, during the reporting period, although
these estimates are based on management''s best knowledge of current events and actions, actual results may
ultimately differ from these estimates, which are recognized in the period in which the results are
known/materialized.

3 PROPERTY PLANT & EQUIPMENT

Property, Plant and Equipment are stated at cost, less accumulated depreciation / amortisation. Costs include all
expenses incurred to bring the asset to its present location and condition.

Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are carried at
cost are recognised in the Statement of Profit and Loss.

5. IMPAIRMENT OF ASSETS

An asset is treated as impaired, if any, when the carrying cost of asset exceeds its recoverable value. An impairment
loss, if any, is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired.

6 INVESTMENTS

Investments are classified into long term investments and current investments. Investments which are intended to
be held for one year or more are classified as long term investments and investments which are intended to be held
for less than one year are classified as current investments. Long term investments are carried at cost less other than
any temporary diminution in value, determined separately for each investment. Current investments are carried at
lower of cost or fair value. The comparison of cost and fair value is done separately in respect of each category of
investment.

7 CASH & CASH EQUIVALENTS

Cash and cash equivalents in the balance sheet comprise of cash at bank and in hand and short-term investments, If
any , with an original maturity of twelve months or less.

8 REVENUE RECOGNITION

Revenue from services rendered is recognized on completion of service and when reasonable right of recovery is
established and the revenue can be reliably measured and on accrual basis.

9 Other Income

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate
applicable. Commission and Professional Charges income is recorded when the right to receive payment is estab¬
lished

10 Employee Benefits

The Contribution towards provident fund for employees is made to the regulatory authorities, where the Company
has no further obligations. Such benefits are classified as Defined Contribution Schemes as the Company does not
carry any further obligations, apart from the contributions made on a monthly basis.

11_ BORROWING COST

Borrowing cost attributable to the acquisition or construction of a qualifying asset are capitalized as part of the cost
of such asset. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use.
All other Borrowing costs are recognized as an expense in the period in which they are incurred. Borrowing Cost
consist of Interest and Other Cost that an entity incurs in connection with the Borrowing of funds.

12 FOREIGN CURRENCY TRANSACTIONS

Foreign currency translation in respect ofrevenue items are stated at actual rates transacted and In respect of
balance sheet items converted at relevant rates as at the end of the accounting year followed.

13" TAXATION

Tax expense comprises current and deferred tax.

Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with
Income Tax Act, 1961.

Deferred tax expense or benefit is recognised on timing differences being the difference between taxable income
and accounting income that originate in one period and is likely to reverse in one or more subsequent periods.
Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or
substantively enacted by the balance sheet date.

14 CASH & CASH EQUIVALENTS

Cash and cash equivalents in the balance sheet comprise of cash at bank and in hand and short-term investments
with an original maturity of twelve months or less.

Earmarked balances with bank, margin money or security against borrowings, guarantees and other commitments,
if any shall be treated separately from cash and
cash equivalent

15 EARNING PER SHARES

Basic earning per share is computed by dividing the net profit or loss for the period attributable to equity share¬
holders by the weighted average number of equity shares outstanding during the period. Diluted earning per share
is computed by taking into account the weighted average number of equity shares outstanding during the period
and the weighted average number of equity shares which would be issued on conversion of all dilutive potential
equity shares into equity shares.

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Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES & NOTES TO ACCOUNTS
NOTE - 1

1 BASIS OF PREPARATION_

The Financial statement have been on historical cost basis and on the accounting principles of
going concern in accordance with generally accepted accounting principles comprising of the
mandatory Accounting Standards referred to in Section 133 of The Companies Act, 2013 read with
rule 7 of the Companies (Accounts) Rules, 2014 and Guidance Notes issued by Institute of Char¬
tered Accountants of India.

All the assets and liabilities have been classified as current and Non-current as per the Company''s
operating cycle and other criteria set out in the Schedule III to the Companies Act, 2013. Based on
the nature of products and time between acquisition of assets for processing and realization in
cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the
purpose of current and non-current classification of assets and liabilities

2 USE OF ESTIMATES

The preparation of Financial statement of the company is on conformity with Indian Generally
Accepted Accounting principles require management to make estimates that affect the reported
amount of assets and liabilities at the date of the Financial Statement and the reported amounts
revenue and expenses, during the reporting period, although these estimates are based on man¬
agement''s best knowledge of current events and actions, actual results may ultimately differ from
these estimates, which are recognized in the period in which the results are known/materialized.

3 FIXED ASSETS

Fixed assets are stated at cost. Cost inclusive taxes, duties, freight and other incidental expenses
related to acquisition, improvements and installation of the assets.

4 DEPRECIATION

(i) Fixed Assets are shown at historical cost net of recoverable taxes inclusive of incidental expenses
less accumulated depreciation.

(ii) Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated
depreciation.

(iii) Depreciation on fixed assets is provided on W.D.V. basis at the rates precribed under Companies
Act, 2013.

(iv) Depreciation on fixed assets sold during the year, is provided on pro-rata basis with reference
to the date of addition/deletion.

5 INVENTORIES_

No Inventories, Being Service Industry.

6 INVESTMENTS

Investments are stated at cost increased by interest due including all the incidental financial
charges directly attributable to the cost of acquisition.

7 REVENUE RECOGNITION_

(i) Commission is accounted for as and when the company''s right to receive the same is estab¬
lished.

(ii) Income from investment is recognized, as and when received.

8 BORROWING COST

Interest and other borrowing costs are recognised in the statement of profit and loss except
borrowing cost that are directly attributable to the acquisition or construction of qualifying assets
are capitalized as part of the cost of such assets until the asset is first put to use, when substantially
all the activities necessary to prepare such Inventory for its intended sale are complete.

9 TAXATION

Income tax expense will comprise of current tax and deferred charge or credit. Current tax is
determined as the amount of tax payable in respect of taxable income for the year. Deferred Tax
should be recognised to that extent only, subject to consideration of prudence in respect of de¬
ferred tax assets, or timing differences, being the differences between the taxable income and
accounting income that originate in one year and are capable of reversal in one or more subse¬
quent years, having tax consequences.