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CarTrade Tech Ltd.
 
March 2018

Description of state of companies affair

Particulars Standalone Consolidated Year Ended March 31, 2018 Year Ended March 31, 2017 Year Ended March 31, 2018 Year Ended March 31, 2017 Turnover 2,874.30 2,505.12 12,355.17 7,822.84 Other Income 2,988.42 2,735.47 2,597.71 1,956.27 Total 5,862.72 5,240.59 14,952.88 9,779.11 Profit/ (Loss)  for the year before Interest, depreciation and Tax 606.68 (1,255.64) 52.27 (3,365.72) Less: Depreciation 32.10 50.03 376.30 333.31 Less: Interest and Finance Changes - - 3.80 5.09 Less: Tax Expenses   110.25 0.31 420.11 0.31 Profit/ (Loss) after Tax 464.34 (1,305.98) (747.99) (3,704.43) Add: Balance brought forward from previous year (23,857.24) (22,556.53) (27,461.25) (23,777.24) Other Comprehensive Income  20.70 5.27 28.99 14.57 Sale of Subsidiary (Powerdrift Studio Private Limited) - - - (4.11) Less: Non-Controlling Interest share in Profit / (Loss) - - (278.97) 9.96 Surplus carried to Balance Sheet (23,372.20) (23,857.24) (28,459.22) (27,461.25)

Details regarding energy conservation

CONSERVATION OF ENERGY, TECHNICAL ABSORPT ION AND FORE IGN EXCHANGE EARNING SAND OUTGO   Pursuant to the requirement under Section 134(3)(m) of the Act, read with Companies (Accounts) Rules, 2014: a. The Company has no major activity involving conservation of energy b. The Company has no major activity involving technology absorption. c. The Foreign Exchange Earnings was Rs. 61.66 Lakhs d. Foreign Exchange Outgo was Rs. 31.18 Lakhs

Details regarding technology absorption

CONSERVATION OF ENERGY, TECHNICAL ABSORPT ION AND FORE IGN EXCHANGE EARNING SAND OUTGO   Pursuant to the requirement under Section 134(3)(m) of the Act, read with Companies (Accounts) Rules, 2014: a. The Company has no major activity involving conservation of energy b. The Company has no major activity involving technology absorption. c. The Foreign Exchange Earnings was Rs. 61.66 Lakhs d. Foreign Exchange Outgo was Rs. 31.18 Lakhs

Details regarding foreign exchange earnings and outgo

CONSERVATION OF ENERGY, TECHNICAL ABSORPT ION AND FORE IGN EXCHANGE EARNING SAND OUTGO   Pursuant to the requirement under Section 134(3)(m) of the Act, read with Companies (Accounts) Rules, 2014: a. The Company has no major activity involving conservation of energy b. The Company has no major activity involving technology absorption. c. The Foreign Exchange Earnings was Rs. 61.66 Lakhs d. Foreign Exchange Outgo was Rs. 31.18 Lakhs

Disclosures in director’s responsibility statement

DIRECTOR S’ RESPONSIBILITY STATEMENT   Pursuant to Section 134 (3)(c) and (5) of the Act, the Board of Directors, to the best of its knowledge and ability, confirm that:   a. in the preparation of the annual accounts, the applicable accounting standards have been followed and there are no material departures; b. they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period; c. they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d. they have prepared the annual accounts on a going concern basis; e. they have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and operating effectively; f. they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

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