Asis Logistics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Jun 2017
1. The Company has adopted Indian Accounting Standard ("IND AS") with effect from 1 April 2017 and accordingly the financial results for all the periods presented have been prepared In accordance with recognition and measurement principles laid down In the IND AS 34 Interim financial Reporting prescribed under section 133 of the Companies Act. 2013 read with relevant rules issued there under. There is no impact on the profitability.
2. The above Result have been reviewed by the Audit Committee and approved by the Board of Directors In their meeting held on 14th September 2017.
3. The Company is primarily engaged In the business of advising, documentation and follow up customs clearing, forwarding and transportation related to foreign trade which. In the context of Accounting Standard 17 on "Segment Reporting'', constitutes a single reportable segment.
4. Previous period figures have been regrouped wherever required.