Accounting Policies of Cistro Telelink Ltd. Company

Mar 31, 2025

1. GENERAL

The Financial Statements have generally been prepared on the historical cost convention.
Accounting policies not specifically referred to otherwise are in consonance with generally
accepted accounting principals.

2. BASIS OF ACCOUNTING

The company follows the mercantile system of accounting generally except otherwise stated
herein below, if so.

3. FIXED ASSETS

Company does not have any fixed assets.

4. INVESTMENTS

Company does not hold any investments.

5. INVENTORIES

Inventory is valued at cost or net realizable value whichever is less.

6. REVENUE AND EXPENDITURE RECOGNITION

Revenue is recognized and expenditure is accounted for on their accrual except insurance claim,
claims in respect of material purchased and sold which are accounted for on cash basis.

7. MISCELLANEOUS EXPENDITURE

Miscellaneous Expenditure such as preliminary expenditure are amortized over a period of 5
years.

8. DEFER TAX

The Deferred tax is recognized for all temporary differences subject to the consideration of
prudence and at currently available rates. Deferred Tax assets are recognized only if there is
virtual certainty that they will be realized.

9. FOREIGN CURRENY TRANSACTION
There is no such transaction during the year.

10. CONTINGENT LIABILITIES
There is no any contingent liability.

11. TRADE RECEIVABLE AND PAYABLE

Balances of trade payable and receivable are subject to confirmation, reconciliation and
consequential adjustments, if any.

12. RELATED PARTY TRANSACTIONS

There were no transaction between related concern/parties.

15. The amount due to Micro & Small Enterprises are based on the information available with the
company.

16. Where the company has not used the borrowings from banks and financial institutions for the
specific purpose for which it was taken at the balance sheet date, the company shall disclose the
details of where they have been used: - Not Applicable

17. If, in the opinion of the Board, any of the assets other than Property, Plant and Equipment,
Intangible Assets and non-current investments do not have a value on realization in the ordinary
course of business at least equal to the amount at which they are stated, the fact that the Board is
of that opinion, shall be stated: - Not Applicable

18. Where the Company has revalued its Property, Plant and Equipment, the company shall disclose
as to whether the revaluation is based on the valuation by a registered valuer as defined under
rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017: - Not Applicable

19. No Immovable Properties are held by the company.

20. Loans & Advances to Promoters, Directors, KMP & Related parties.

21. CWIP Ageing: Not Applicable

22. CWIP Completion Schedule: Not Applicable

23. Intangible Tangible Assets under Development: Not Applicable.

24. The Company does not have any benami property, and no proceeding has been initiated against
the Company for holding any benami property.

25. The Company does not have borrowings on the basis of security of Current Assets: Not
Applicable.

26. The Company is not a declared wilful defaulter by any bank/ financial Institution/ other lender.

27. Relationship with Struck off Companies: - Not Applicable

28. Charges / Satisfaction yet to be registered with ROC beyond the statutory period along with
details and reasons thereof: Not Applicable

29. The Company has complied with number of layers prescribed under Section 2(87) of the Act, the
name & CIN of such layer of companies along with relationship / extent of holding

31. Any Scheme of Arrangements has been approved by the Competent Authority in terms of sections
230 to 237 of the Companies Act, 2013, the company shall disclose that the effect of such Scheme
of Arrangements have been accounted for in the books of account of the Company ''in accordance
with the Scheme'' and ''in accordance with accounting standards and deviation in this regard shall
be explained: - Not Applicable

32. Company has Advanced/ Loaned/ Invested to any other person or entity, incl. foreign entities
with the understanding (recorded or otherwise) that the Intermediary shall Lend or invest in
Ultimate Beneficiaries Provide Guarantee/ Security/ etc. on behalf of Ultimate Beneficiaries: - Not
Applicable

33. Company has Received from any other person or entity, ind. foreign entities with the
understanding (recorded or otherwise) that the Company shall Lend or invest in Ultimate

Beneficiaries Provide Guarantee/ Security/ etc. on behalf of Ultimate Beneficiaries. Not
Applicable

34. Details of any transaction not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961), unless there is
immunity for disclosure under any scheme: - Not Applicable

35. The company not covered under section 135 of the companies act

36. The company has not traded or invested in Crypto Currency or Virtual Currency during the
financial year.

37. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with
the current year''s classification/ disclosure.

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Mar 31, 2024

1. GENERAL

The Financial Statements have generally been prepared on the historical cost convention.
Accounting policies not specifically referred to otherwise are in consonance with generally
accepted accounting principals.

2. BASIS OF ACCOUNTING

The company follows the mercantile system of accounting generally except otherwise stated herein
below, if so.

3. FIXED ASSETS

During the year after due consultation with Auditors and as per audit committee fixed assets were
identified were obsolete in nature, Hence carrying amount has been debited to Profit and loss A/c as
exception item.

4. INVESTMENTS

During the year after due consultation with Auditors and as per audit committee investments were
identified were obsolete in nature, Hence carrying amount has been debited to Profit and loss A/c as
exception item.

5. INVENTORIES

Inventory is valued at cost or net realizable value whichever is less.

6. REVENUE AND EXPENDITURE RECOGNITION

Revenue is recognized and expenditure is accounted for on their accrual except insurance claim,
claims in respect of material purchased and sold which are accounted for on cash basis.

7. MISCELLANEOUS EXPENDITURE

During the year after due consultation with Auditors and as per audit committee carrying amount of
Pre-operative Exps and Public Issue Exps has been debited to Profit and loss A/c as exception item.

8. DEFER TAX

The Deferred tax is recognized for all temporary differences subject to the consideration of
prudence and at currently available rates. Deferred Tax assets are recognized only if there is virtual
certainty that they will be realized.

9. FOREIGN CURRENY TRANSACTION

There is no such transaction during the year.

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Mar 31, 2014

1. GENERAL :

The Financial Statements have generally been prepared on the historical cost convention. Accounting policies not specifically referred to otherwise are in consonance with generally accepted accounting principals.

2. BASIS OF ACCOUNTING :

The company follows the mercantile system of accounting generally except otherwise stated herein below, if so.

3. FIXED ASSETS :

Fixed assets are stated at cost of less accumulated depreciation. No Depreciation has been provided during the year under consideration.

4. INVESTMENTS : Investments are stated at cost.

5. INVENTORIES :

Inventory is valued at cost or net realizable value whichever is less.

6. REVENUE AND EXPENDITURE RECOGNITION :

Revenue is recognized and expenditure is accounted for on their accrual except insurance claim, claims in respect of material purchased and sold which are accounted for on cash basis.

7. MISCELLANEOUS EXPENDITURE :

Miscellaneous Expenditure such as preliminary expenditure are amortized over a period of 5 years.

8. DEFER TAX :

The Deferred tax is recognized for all temporary differences subject to the consideration of prudence and at currently available rates. Deferred Tax assets are recognized only if there is virtual certainty that they will be realized.

9. FOREIGN CURRENY TRANSACTION : There is no such transaction during the year.

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Mar 31, 2012

A. Method of Accounting : The financial statements are prepared under historical cost conventions as going concern and are consistent with generally accepted accounting principles on an accrual basis unless otherwise stated.

B. Use of Estimates : The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be made that 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. Difference between actual results and estimates are recognised in the period in which the results are known / materialized.

C. Fixed Assets : Fixed assets are stated at cost (net of VAT and CENVAT of which credit is allowed) less accumulated depreciation and impairment, if any. Cost includes all expenses incurred to bring the asset to present location and condition. All direct expenses are capitalized until fixed assets are put to use.

D. Depreciation/Amortization : The Company has not charged depreciation on car during the year.

E. Investments : Investments are either classified as long term investment or short term investment based on management intention. Long Term investments are stated at cost. Management is of the view that value of Long Term Investment is equal to cost hence Provision for diminution in value of long term investment is not required.

F. Borrowing Cost : There is no fresh borrowing during the year.

G. Inventories : Inventory is valued at cost or net realizable value whichever is less.

H. Revenue Recognition / Sales : Sales revenue is recognized on transfer of the significant risk and

reward of ownership of the goods to the buyer and stated at net of discount, rebate and returns.

I. Employees Benefits : Provisions for Gratuity and Long term employee benefits are not made, because

there is no liabilities arise of this account.

J. Taxation : Since there is loss during the year hence Provision for current tax is Nil in accordance with

the provisions of the Income Tax Act 1961. Deferred tax assets arising on account of timing difference are recognized and carried forward to the extent there is virtual certainty that these would be realized in future. Because there is no virtual certainty that these would be realized in future hence provision for deferred tax assets is not made.

K. Provisions, Contingent Liabilities and Contingent Assets : Provisions involving substantial degree

of estimation in measurement that can be reliably ascertained are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes, when no reliable estimate is made or when there is present or past obligation that may, but probably will not, require an outflow of resources. Contingent Assets are neither recognized nor disclosed in the financial statements.

L. Impairment of Assets : An asset is treated as impaired when the carrying cost of the asset exceeds

its recoverable value. Recoverable amount is higher of net selling price or value in use. Management reviews the carrying cost of the assets at the end of each balance sheet date and is of the view that the recoverable value in the assets is more than the carrying amount and hence no provision for impairment of assets has been made.

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Mar 31, 2010

A. Method of Accounting :

The financial statements are prepared under historical cost conventions as going concern and are consistent with generally accepted accounting principles on an accrual basis unless otherwise stated.

B. Use of Estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be made that 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. Difference between actual results and estimates are recognised in the period in which the results are known / materialized.

C. Fixed Assets:

Fixed assets are stated at cost (net of VAT and CENVAT of which credit is allowed) less accumulated depreciation and impairment, if any. Cost includes all expenses incurred to bring the asset to present location and condition. All direct expenses are capitalized until fixed assets are put to use.

D. Depreciation/Amortisation :

The Company has not charged depreciation on car during the year.

E. investments:

Investments are either classified as long term investment or short term investment based on management intention. Long Term investments are stated at cost. Management is of the view that value of Long Term Investment is equal to cost hence Provision for diminution in value of long term investment is not required.

F. Borrowing Cost:

There is no fresh borrowing during the year.

G. inventories:

Inventory is valued at cost or net realizable value whichever is less.

H. Revenue Recognition / Sales :

Sales revenue is recognized on transfer of the significant risk and reward of ownership of the goods to the buyer and stated at net of discount, rebate and returns.

I. Employees Benefits :

Provisions for Gratuity and Long term employee benefits are not made, because there is no liabilities arise of this account.

J. Taxation:

Since there is loss during the year hence Provision for current tax is Nil in accordance with the provisions as per Income Tax Act 1961. Deferred tax assets arising on account of timing difference are recognized and carried forward to the extent there is virtual certainty that these would be realized in future. Because there is no virtual certainty that these would be realized in future hence provision for deferred tax assets is not made.

K. Provisions. Contingent Liabilities and Contingent Assets :

Provisions involving substantial degree of estimation in measurement that can be reliably ascertained are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes, when no reliable estimate is made or when there is present or past obligation that may, but probably will not, require an outflow of resources. Contingent Assets are neither recognized nor disclosed in the financial statements.

L. Impairment of Assets :

An asset is treated as impaired when the carrying cost of the asset exceeds its recoverable value. Recoverable amount is. higher of net selling price or value in use. Management reviews the carrying cost of the assets at the end of each balance sheet date and is of the view that the recoverable value in the assets is more than the carrying amount and hence no provision for impairment of assets has been made.