Notes to Accounts of Oasis Tradelink Ltd.

Mar 31, 2016

1 Previous year’s figures are regard arranged wherever necessary.

2 Depreciation has been provided on fixed sets on written down value method in accordance with the useful life spiced in Schedule II to the Act,

3. Provision for Taxation for the current has been made after taking into consideration benefits admissible under the provisions of the Income Tax Act, P61

4 The balances of Loans and Advance are subject to their confirmation and reconciliation if any.

5. All the Opening Balances are taken per previous year audit report.

6. Contingent liability in received of claims against the company not acknowledged as debts against which the company has count elemis aggregating to Rs. is Nil.

7. In the opinion of the Board, the current as loans and advances are approximately of the value stated in the Balance sheet, ifizedlin the ordinary course of business.

8. Information pursuant to paragraph 3, 4, 4B, 4Ci,d 4d of Part II of the schedule VI is given as under so far as applies to the company.

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Mar 31, 2015

1. Previous year’s figures are regrouped/rearranged wherever necessary.

2. Depreciation has been provided on fixed assets on written down value method in accordance with the useful life specified in Schedule II to the Act,

3. Provision for Taxation for the current year has been made after taking into consideration benefits admissible under the provisions of the Income Tax Act, 1961.

4. The balances of Loans and Advances are subject to their confirmation and reconciliation if any.

5. All the Opening Balances are taken as per previous year audit report.

6. Contingent liability in respect of claims against the company not acknowledged as debts against which the company has counter claims aggregating to Rs. is Nil.

7. In the opinion of the Board, the current assets, loans and advances are approximately of the value stated in the Balance sheet, if realized in the ordinary course of business.

8. Information pursuant to paragraph 3, 4, 4B, 4C, and 4d of Part II of the schedule VI is given as under so far as it applies to the company.

a) The Company has no employee falling within the purview u/s 21

b) 7(2A) of the Companies Act 1956.

9. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

- The financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis. These financial statements have been prepared to comply in all material aspects with the Accounting Standards notified under Section 211 3(C) [ Companies (Accounting Standards ) Rules,2006, as amended ] and the other relevant provisions of the Companies Act, 1956.

10. FIXED ASSETS

- Fixed Assets are valued at cost less depreciation as certified by management.

11. DEPRECIATION

Depreciation has been provided on fixed assets on written down value method in accordance with the useful life specified in Schedule II to the Act,

12. INVENTORY

- Closing Stock is taken as certified by the Management. The same is valued at cost or Net Realizable Value whichever is less.

13. RETIREMENT BENEFITS

- As certified by the management, the company has no liability under the Provident Fund & Super Annuation Fund Act as the said acts do not apply to the company.

- It is explained to us that the company does not provide for any leave encashment and any liability arising thereon shall be paid and dealt with in the books of accounts at the actual time of payment.

14. REVENUE RECOGNITION

- Sales are accounted Inclusive of taxes.

15. INVESTMENTS

- Long Investments are carried at cost less provision for permanent diminution if any in the value of such investment.

16. BORROWING COSTS

- Borrowing costs are charged to the Profit and Loss A/c in the year in which they are incurred.

17. CONTINGENT LIABILITIES

- As certified by the Management, there is no contingent liability on the company and all known and estimated liabilities have been provided for in the books of accounts.

18. APPLICABILITY OF AS-22

- In compliance with the Accounting Standard 22 (AS-22) “Accounting for Taxes on Income” issued by the Institute of Chartered Accountants of India, company has created Deferred Tax Liability of Rs.4,38,104/- in the current year.

19. APPLICABILITY OF AS - 18

- In accordance with the requirements of Accounting Standard -18 (AS - 18) “Related Party Transactions” issued by the Institute of Chartered Accountants of India, the following company is considered as Related Party as defined in AS -18:

20. FOREIGN CURRENCY TRANSACTIONS

- There are no such foreign currency transactions during the year.

21. C I F VALUE OF IMPORT RAW MATERIALS

- NIL

22. EXPENDITURE IN FOREIGN CURRENCY

- NIL

- The Earning per Share (AS-20) has been computed as under :

(a) Profit after tax Rs. 41,86,642/-

(b) No. of Equity Share 69,77,737 shares

(c) Nominal value of share Rs. 10 per share

(d) EPS 0.60/share