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Orient Tradelink Ltd.

BSE: 531512 Sector: Financials
NSE: N.A. ISIN Code: INE681D01013
BSE LIVE 12:49 | 13 Dec 3.15 0.01
(0.32%)
OPEN

3.04

HIGH

3.15

LOW

2.99

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 3.04
PREVIOUS CLOSE 3.14
VOLUME 18254
52-Week high 12.00
52-Week low 2.99
P/E 3.32
Mkt Cap.(Rs cr) 3
Buy Price 3.00
Buy Qty 100.00
Sell Price 3.15
Sell Qty 1635.00
OPEN 3.04
CLOSE 3.14
VOLUME 18254
52-Week high 12.00
52-Week low 2.99
P/E 3.32
Mkt Cap.(Rs cr) 3
Buy Price 3.00
Buy Qty 100.00
Sell Price 3.15
Sell Qty 1635.00

Orient Tradelink Ltd. (ORIENTTRADELINK) - Auditors Report

Company auditors report

To the Members of Orient Tradelink Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Orient Tradelink Limited.("the Company") which comprise the Balance Sheet as at March 31 2016 and theStatement of Profit and Loss and Cash Flow Statement for the year then ended and asummary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese financial statements that give a true and fair view of the financial positionfinancial performance and cash flows of the Company in accordance with the accountingprinciples generally accepted in India including the Accounting Standards specified underSection 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts andthe disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments theauditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances but not for the purpose of expressing anopinion on whether the Company has in place an adequate internal financial controls systemover financial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors as well asevaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us the financial statements give the information required by the Act in themanner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India of the state of affairs of the Company as at March31 2016 its profit and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2015 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Companies Act 2015 we give in the Annexure a statement on the matters specified inparagraph 3 of the Order to the extent applicable.

2. As required by section 143 (3) of the Act we report that:

a. we have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purpose of our audit;

b. in our opinion proper books of account as required by law have been kept by theCompany so far as appears from our examination of those books;

c. the Balance Sheet Statement of Profit and Loss and Cash Flow Statement dealt withby this Report are in agreement with the books of account.

d. in our opinion the Balance Sheet Statement of Profit and Loss and Cash FlowStatement comply with the Accounting Standards notified specified under Section 133 of theAct read with Rule 7 of the Companies (Accounts) Rules 2014.

e. on the basis of written representations received from the directors as on March 312016 and taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2016 from being appointed as a director in terms of sub-section (2) ofsection 164 of the Companies Act 2013.

f. With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

(i) The Company does not have any pending litigations which would impact its financialposition.

(ii) The Company did not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses.

(iii) there were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company

Sd/-

For Mittal Nirbhay & Co.

Chartered Accountants Firm

Regn. No: 013097C

Sd/-
Kamal Kumar
Place: New Delhi Partner
Date: 22/08/2016 Membership No. 502549

Annexure to Independent Auditors' Report for the period ended March 2016 (Referred toin Paragraph 1 under the Heading of "Report on Other Legal and RegulatoryRequirements" of our Report of even date)

(i) Fixed Assets

a) The Company is maintaining proper records showing full particulars includingquantitative details and situation of its fixed assets.

b) The fixed assets have been physically verified by the management during the yearwhich in our opinion is reasonable. No material discrepancies were noted on suchverification.

(ii) Inventories

The Company is a service company primarily rendering cable system network services.Accordingly it does not hold any physical inventories. Thus paragraph 3 (ii) of the orderis not applicable.

(iii) Loans given

The Company has not granted any loan to Secured or unsecured to companies firms orother parties covered in the register maintained under Section 189 of the Companies Act.

(iv) Internal Control

According to the information and explanations given to us and in our opinion there areadequate internal control systems commensurate with the size of the company and the natureof its business for purchase of fixed assets and for sales of services. During the courseof our audit we have not observed any continuing failure to correct major weaknesses ininternal control system.

(v) Public Deposit

During the year the Company has not accepted any deposits from the public thereforeThus paragraph 3 (v) of the order is not applicable.

(vi) Cost Records

In our opinion and according to information and explanations given to us maintenanceof cost records has not been prescribed by the Central Government under Section 148(1) ofthe Companies Act for the services provided by the company.

(vii) Statutory Dues

a) According to the information and explanations given to us and on the basis of ourexamination of the books of account The Company has generally been regular in depositingits undisputed statutory dues including Provident Fund Employees State insuranceincome-tax Sales-Tax Wealth Tax Service tax duty of Custom duty of Excise valueadded tax cess and Entertainment

Tax etc. There are no undisputed dues payable outstanding as on 31 March 2016 for aperiod of more than six months from the date they became payable.

b) According to the information and explanations given to us there are no amounts inrespect of income tax service tax etc. that have not been deposited with the appropriateauthorities on account of any dispute.

c) There was no amount required to be transferred to investor education and protectionfund in accordance with the relevant provisions of the Companies Act 2013 and rules madethereunder.

(viii) The company does not have any accumulated losses. The company has notincurred any cash losses during the financial year covered by our audit and duringimmediately preceding financial year.

(ix) The Company has not taken any loans from financial institutions or bank ordebenture holders during the audit period.

(x) As per information given to us the Company has not given any guarantee forloans taken by others from Banks or Financial Institutions.

(xi) The company has not obtained term loans during the year under audit.

(xii) According to the information and explanations given to us no fraud on or bythe Company has been noticed or reported during the year.

Sd/-

For Mittal Nirbhay & Co.

Chartered Accountants Firm Regn. No: 013097C

Sd/-
Kamal Kumar
Place: New Delhi Partner
Date: 22/08/2016 Membership No. 502549