1.2.10 Provisions and contingent liabilities:

Provisions and Contingent Liabilities are accounted in conformity with Accounting Standard- 29
“Provisions, Contingent Liabilities and Contingent Assets”, accordingly,

(a) The Company creates a provision when there is a present obligation as a result of an
obligating event that probably requires an outflow of resources and a reliable estimate can be made
of the amount of the outflow.

(b) A disclosure for a contingent liability is made when there is a possible obligation or a
recent obligation that may, but probably will not, require an outflow of resources. Where there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of resources
is remote, no provision or disclosure is made.

1.3 In the opinion of the Board, the value on realization of current assets, Loans & Advances in
the ordinary course of business would not be less than the amount at which they are stated in the
Balance sheet.

1.4 Cash Flow Statement

The Cash Flow Statements has been prepared by using Indirect method, whereby profit before tax is
adjust for the effects of transactions of non - cash nature, any deferrals or accruals of past or future
operating cash receipts or payments and items of income or expenses associated with investing or
financing cash flows. The cash flows from operating, investing and financing activities of the
company are segregated.

1.5 Disclosures for other Accounting Standards which are not covered above, which lay down
recognition, measurement and disclosure requirements, are not applicable to the Entity as the entity
does not fall within the requirement mentioned in the respective accounting standards.

1.6 Foreign Currency Transactions

Transactions in currencies other than the Company’s functional currency (i.e. foreign currencies) are
recognized at the rates of exchange prevailing at the dates of the transactions. The company's
financial statements are presented in INR, which is also the company's functional currency.
Therefore, there is no foreign currency transactions during the year.

1. For Transfer or any other query relating to Shares of the Company:

BIGSHARE SERVICES PRIVATE LIMITED

Add: Office No. S6-2,6^thFloor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves
Road, Andheri (East) Mumbai-400093
Email-Id: info@bigshareonline. com

2. Any Query on Annual Report:

OP. CHAINS LIMITED

Add: 8/16 A Seth Gali, Agra, Uttar Pradesh- 282003
Email Id: opchainscompanv@,gmail.com

Compliance with Secretarial Standards:

The Institute of Company Secretaries of India, a statutory body, has issued Secretarial Standards
on various aspects of corporate law and practices. These standards are mandatory in nature; the
Company has complied with each one of them. The company has complied with the SS-1 and SS-
2 issued by ICSI.