Notes to Accounts of Oscar Global Ltd.

Mar 31, 2024

NOTE

24 FAIR VALUE MEASUREMENTS ''

The fair value of the assets and liabiliti es are included at the amount at which the instrument
could be exchanged in a current transaction between willing parties, other than in forced or
liquidation sale. The following methods and assumptions were used to estimate the fair
values:

Fair Value of cash and current deposits, trade and other current receivables, trade payables,
other current liabilities and other financial instruments approximate their carrying amounts
largely due to the short term maturities of these instruments.

The different levels of fair value have been defined
below:

Level 1: Quoted (Unadjusted) prices in active markets for identical assets
or liabilities.

Level 2: Other techniques for which all inputs which have a significant effect on the recorded
fair value are observable, either directly or indirectly

Level 3: T echniques which use inputs that have a significant effect on the recorded fair value
that are not based on observable market data.

NOTE 25 Financial Risk Management

The Company''s financial risk management is an integral part of how to plan and execute its
business strategies. The Company''s financial risk management policy is set by the Managing
Board. The financial risks are identified, measured and managed in accordance with the
Company''s policies on risk management. Key financial risks and mitigation plans are reviewed by
the board of directors of the Company.

_A. MARKET RISK

Market risk is the risk of loss of future earnings, fair value of future cash flows that may result
from a change in the price of financial instrument. The value of a financial instrument may
change as a result of changes in the interest rates, equity prices and other market changes that
may effect market sensitivity instruments. Market risk is attributable to all market risk sensitive
financial instruments including investments and deposits, loans and borrowings.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in market interest rates. In order to balance the Company''s position
with regards to interest income and interest expense and to manage the interest rate risk,
management performs a comprehensive interest rate risk management. The Company has no
interest bearing borrowings hence it is not exposed to significant interest rate risk as at the
respective reporting dates. They are therefore not subject to interest rate risk, since neither the
carrying amount nor the future cash flows will fluctuate because of change in market interest
rates.

Price Risk

Price risk arises from exposure to equity securities prices from investments held by the
Company. The Company does not have any investments in equity shares.

B. CREDIT RISK

Credit risk is the risk that customer or counter-party will not meet its obligation under the
contract, leading to financial loss. Credit risk arises from trade receivables and other financial
assets.

Other Financial Assets

There is no credit risk exposure with resp ect to other fi nancial assets as they are either
supported by legal agreement or are with Nationalized banks.

- Deposits are held with Electricity Department, hence the risk of default is considered to be
negligible.

- Loans to Others are supported with legal agreements, hence there is no credit risk involved.

Provision for Expected Credit
losses

Financial Assets are considered to be of good quality an d there is no
credit risk to the Company.

C. LIQUIDITY RISK

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are settled by delivering cash or another financial
asset. The Group''s approach to managing liquidity is to ensure as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due.

Management monitors rolling forecasts of the liquidity position and cash and cash equivalents on
the basis of expected cash flows. The Company takes into account the liquidity of the market in
which the entity operates.

Contractual Maturities of financial liabilities

The tables below provide details regarding the remaining contractual maturities of financial
liabilities at reporting date based on contractual undiscounted payments.

26 Capital Risk Management

The Company aim to manages its capital efficiently so as to safeguard its ability to continue as a
going concern and to optimize returns to shareholders. The capital structure of the Company is
based on management''s judgment of the appropriate balance of key elements in order to meet its
strategic and day-to-day needs. We consider the amount of capital in proportion to risk and
manage the capital structure in light of changes in economic conditions and the risk
characteristics of the underlying assets. The Company''s policy is to maintain a stable and strong
capital structure with a focus on total equity so as to maintain creditors and market confidence
and to sustain future development and growth of its business. There in no change in the
Company capital structure since previous year.

Revenue from Contracts with
27 Customer

Ind AS 115 Revenue with contracts with Customers, mandatory for reposrting periods beginning
on or after April1,2018 replaces existing revenue recognition requirements. Under the modified
restrospective approach there were no adjustments required to the retained earnings as at
April1,2018. Application of Ind AS 115 did not have any impact on recognition and measurment
of revenue and related items in the financial results.

31 Segment information

The company is operating in only one product i.e. leather garments and accessories. Hence there is no
need to present financial information segment wise as required by AS-17.
information segement wise as required under Indian Accounting
Standard -108.

For D.V. Mittal & Co. For OSCAR GLOBAL LIMITED

Chartered Accountants

ROHIT SINGHAL PAWAN CHADHA KARAN KANIKA VERMA

(Partner) WHOLE TIME CHAIRMAN & MANAGING

DIRECTOR & CFO DIRECTOR

Membership No.516295 DIN: 00415795 DIN : 00034343

FRN : 002997N

NITASHA SINHA

PLACE: NEW DELHI COMPANY

SECRETARY

DATE: Membership No.

23/05/2024 A27439

---

Mar 31, 2014

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after referred as ''OGL'' or ''company'') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany, France, Holland etc. The manufacturing facilities are located at Noida, Uttar Pradesh.

Amounts in the financial statements are presented in Rupees and are exact amount unless and otherwise stated in the relevant note

The previous year figures have been re-grouped/classified, wherever necessary to conform to the current period presentation.

1. CONTINGENT LIABILITIES AND COMITMENTS (to the extent not provided for)

Disclosure pursuant to Note No. 6(T) of Schedule VI of the Companies Act, 1956

Particulars As at As at 31 March 2014 31 March 2013 Rs. Rs.

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt - -

(b) Guarantees - -

(c) Other money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Uncalled liability on shares and other investments partly paid - -

(c) Other commitments (specify nature) - - 2. Contingent liabilities and commitments (to the extent not provided for)

Particulars As at As at 31 March 2014 31 March 2013 Rs. Rs.

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt - -

(b) Guarantees - -

(c) Other money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Uncalled liability on shares and other investments partly paid - -

(c) Other commitments - -

Total - -

3. Segment information

The company is operating in only one product i.e. leather garments and accessories. Hence there is no need to present financial information segment wise as required by AS-17.

---

Mar 31, 2013

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after ''OGL'' or ''company'') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany, France, Holland etc. The manufacturing facilities are located at Noida, Uttar Pradesh.

1.1 CONTINGENT LIABILITIES AND COMITMENTS

(to the extent not provided for) Disclosure pursuant to

Note No. 6(T) of Schedule VI of the Companies Act, 1956

As at As at Particulars 31 March 2013 31 March 2012

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt

(b) Guarantees

(c) Other money for which the company is contingently liable

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

(b) Uncalled liability on shares andd other investments partly paid

(c) Other commitments (specify nature)

Total

1.2 Segment information

The company is operating in only one product i.e. leather garments and accessories. Hence there is no need to present financial informations segmentwise as required byAS-17.

---

Mar 31, 2012

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after 'OGL' or 'company') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany' France' Holland etc. The manufacturing facilities are located at Noida' Uttar Pradesh.

Amounts in the financial statements are presented in Rupees and are exact amount unless and otherwise stated in the relevant note The previous year figures have been re-grouped/classified' whereever necessary to conform to the current period presentation.

1.1 Contingent liabilities and commitments (to the extent not provided for)

As at As at Particulars 31st March 2012 31st March 2011

(i) Contingent Liabilities

(a) Claims against the company not acknowleged as debt - -

(b) Guarantees

(c) Other Money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Other commitments - -

Total - -

---

Mar 31, 2010

1. Previous year figures have been re-arranged / re-grouped wherever necessary for comparison purposes.

2. There is no pending liability on capital account to be executed.

3. Contingent Liabilities not provided for in the accounts - Nil

4. Balances outstanding to the parties accounts (including personal accounts) as on 31.03.2010 and the squared up accounts during the year are subject to confirmation and reconciliation.

5. The Company is dealing in only one segments i.e. manufacturing of leather garments; hence no separate reporting is required.

6. In view of the carried forward losses, no provision has been made for deferred tax.