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Oasis Tradelink Ltd.

BSE: 538547 Sector: Others
NSE: N.A. ISIN Code: INE189Q01019
BSE LIVE 14:45 | 16 Oct 76.50 0.50
(0.66%)
OPEN

76.50

HIGH

76.50

LOW

76.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 76.50
PREVIOUS CLOSE 76.00
VOLUME 20000
52-Week high 123.00
52-Week low 54.50
P/E 37.32
Mkt Cap.(Rs cr) 83
Buy Price 76.00
Buy Qty 12.00
Sell Price 77.00
Sell Qty 20.00
OPEN 76.50
CLOSE 76.00
VOLUME 20000
52-Week high 123.00
52-Week low 54.50
P/E 37.32
Mkt Cap.(Rs cr) 83
Buy Price 76.00
Buy Qty 12.00
Sell Price 77.00
Sell Qty 20.00

Oasis Tradelink Ltd. (OASISTRADELINK) - Director Report

Company director report

To

The Members

Oasis Tradelink Limited

Your Directors present the Annual Report of your Company together with the AuditedFinancial Statement for the financial year ended 31st March 2016.

FINANCIAL HIGHLIGHTS

Particulars 2015-16 2014-2015
Income for the year was 1890391880 1536457376
Profit before Financial Charges Depreciation and Taxation 34527979 18520178
Out of which Provisions have been made for :-
Financial Charges 17081208 10731377
Depreciation 4038609 2580991
Provision for Taxation :
(i) Current Income Tax 1343000 1000000
(ii) Deferred Tax (359701) (416)
Profit after Income Tax 12415197 4208226

DIVIDEND

In order to plough back the profits Your Directors do not recommend any dividend forthe year under review.

DIRECTORS

In accordance with the provisions of the Companies Act 2013 Mr. Snehal B. PatelWhole-Time Director of the company who is liable to retire by rotation being eligible forreappointment offers himself for reappointment.

The Independent Directors have submitted their disclosures to the Board that theyfulfil all the requirements as stipulated in Section 149(6) of the Companies Act 2013 soas to qualify themselves to be appointed as Independent Directors under the provisions ofthe Companies Act 2013 and the relevant rules.

DEPOSITS

Your Company has neither invited nor accepted any fixed deposit from the public duringthe year.

EXTRACT OF ANNUAL RETURN

The extract of Annual Return as per section 92 of the Companies Act 2013 read withRule 12 of the Companies (Management and administration) Rules 2014 is annexed herewithto this report.

NUMBER OF BOARD MEETINGS

Seven meetings of the Board were held during the year under review. The details ofwhich are given in the Corporate Governance Report.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act 2013 and Clause 52 of the ListingAgreement the Board has carried out an annual performance evaluation of its ownperformance the directors individually as well as the evaluation of the working of itsAudit Nomination & Remuneration Committees. The manner in which the evaluation hasbeen carried out has been explained in the Corporate Governance Report.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 134(5) of the Companies Act 2013 withrespect to Directors’ Responsibility Statement it is hereby confirmed that:

(a) In the preparation of the annual accounts the applicable accounting standards havebeen followed along with explanation relating to material departures;

(b) The directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit/loss of the company for that period;

(c) The directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

(d) The directors have prepared the annual accounts on a going concern basis; and

(e) The directors have laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively.

(f) The directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

OBSERVATIONS:

There were no qualifications reservations or adverse remarks made by the Auditors orby the Practicing Company Secretary in their respective reports.

STATUTORY AUDITORS

M/s. Jignesh Satapara & Co. Chartered Accountants having its office at Ahmedabadwill retire at the ensuing Annual General meeting of the Company and being eligible offerthemselves for re-appointment. Your directors recommend their re-appointment as StatutoryAuditors of the Company for the next financial year.

SECRETARIAL AUDITORS

In terms of Section 204 of the Act and Rules made there under Mr. Manohar ChunaraPracticing Company Secretary have been appointed as Secretarial Auditor of the Company.The report of the Secretarial Auditor is enclosed to this report. The report isself-explanatory and do not call for any further comments.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars as required under the provisions of Section 134(m) of the CompaniesAct 2013 in respect of conservation of energy and technology absorption have not beenfurnished considering the nature of activities undertaken by the company during the yearunder review. Further during the year under review the Company has neither earned norused any foreign exchange.

ACKNOWLEDGEMENTS

Your Directors place on record their gratitude for the continuing support ofShareholders bankers and Business associates at all levels.

By Order of the Board of Directors
Sd/-
Snehal B. Patel
Chairman
Date: 07/09/2016
Place: Ahmedabad