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Notes to Accounts of Esha Media Research Ltd.

Mar 31, 2014

1) Remuneration to Directors

a) Salary & L.T.A. Rs. 37,48,765/-

b ) Contribution to provident fund NIL

c) Other Benefits NIL

2) In the opinion of the Board Of Directors , the Current Assets, Loans & Advances arc approximately of the values stated in Balance - Sheet if realised in the ordinary course of business.

3) Sundry Debtors and Sundry Creditors reflected in the Balance Sheet are subject to confirmation & reconciliation.

4) Advances To Companies under the same Management for of goods and services

a) RGE Digital Imaging Solutions Pvt Ltd Balance at the end of the year 1174377

b) Jyoti Printing Inks Private Limited Balance at the end of the year 1,84,111

5) Contingent Liabilities

The company is the receipt of sales tax demand notices amounting to Rs.46,56,878/- towards sales tax payable for earlier years for which appeal is pending with the A P High court and sales tax appellate tribunal and it is expected that the decision will be in the company''s favour. Company has deposit with Sales Tax department of Rs. 2711537.

6) Related Party Transactions

a) Names Of Related Companies : APBC Printing Inks Private Limited, Jyoti Printing Inks Private Limited, RGE Digital maging Solutions Private Limited, Esha Broadcast Monitoring Private Limited, Stonerigde Advisors Private Limited.

b) Names Of Other Related Parties : Reliance Graphic Enterprises And PRR Family Trust.

c) Names Of Key Management Personnel : Mr. P.Ragahava Raju, Mr. R S Iyer, Ms. Jyoti Babar.

7) Recasting of Balances;

Wherever possible & found necessary regrouping & recasting of ledger balances have been made.


Mar 31, 2013

I) In the opinion of the Board Of Directors, the Current Assets, Loans & Advances are approximately of the values stated in Balance-Sheet if realised in the ordinary course of business.

II) Sundry Debtors and Sundry Creditors reflected in the Balance Sheet are subject to confirmation & reconciliation.

III) Advances To Companies under the same Management for of goods and services

Nil

IV) Contingent Liabilities

The company is the receipt of sales tax demand notices amounting to Rs.46,56,878/- towards sales tax payable for earlier years for which appeal is pending with the A P High court and sales tax appellate tribunal and it is expected that the decision will be in the company''s favour. Company has deposit with sales tax department of Rs. 11,87,729.

V) Related Party Transactions

a) Names Of Related Companies : Esha Broadcast Monitoring Private Limited,

b) Names Of Other Related Parties : Reliance Graphic Enterprises

And PRR Family Trust.

c) Names Of Key Management Personnel : Mr.P.RagahavaRaju,

Smt. P. SwarajyaLakshmi, Mr. R Slyer, Ms. JyotiBabar.

VI) Recasting of Balances:

Wherever possible & found necessary regrouping & recasting of ledger Aalances have been made.


Mar 31, 2011

01. Nature of Activity : The Company is engaged in providing comprehensive processing services such as colour scanning, colour separation, image processing, etc., for printing and publishing industry.

The nature of company's operations is such that there is no known physical measures or standard classification for its saleable products or services. The quantitative details of actual production, turnover, stock-in-trade and raw-material consumption are not given due to reasons of impossibility as the products are heterogenous in the type and quality.

2010-2011 2009-2010

2. Contingent Liabilities:

The Company is in receipt of sales tax demand notices towards sales tax payable for earlier years for which appeal is being preferred and expecting no liability in this regard. 4,656,878 4,656,878

3. Related Party Transactions:

a) Names of Related Companies : APBC Printing Inks Private Limited,

Jyothi Printing Inks Pvt Ltd and

RGE Digital Imaging Solutions Private Limited

b) Names of Other Related Parties : Reliance Graphic Enterprises and P R R Family Trust

c) Names of Key Management Personnel : Mr. E Ragahava Raju, Managing Director and Smt. P Swarajya Lakshmi, Director

Note: a) Related party relationship is identified by the company and relied up on by the auditors.

b) Previous year figures are given in brackets

4. Deferred Tax:

Since the company has substantial carried forward business losses and unabsorbed depreciation, it is unlikely to have taxable profits in near future and hence it is not considered necessary to create deferred tax asset in accordance with the Accounting Standard - 22 on "Accounting for Taxes on Income" issued by ICAI. The company has not provided for the differed tax liability in respect of timing differences in allowability of depreciation on fixed assets since it is not a material amount and its effect on the Profit and Loss Account is also not material.

5. Leases:

The Company's significant leasing arrangements are in respect of operating leases for premises like operational units, offices, etc., These leases which are not non-cancellable are generally for more than 11 months, or for longer periods and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent to profit and loss account. During the year Rs.2,66,232/- (Rs.2,66,232/-) was charged to Profit and Loss Account as lease rent.

6. Secured Loans:

Working Capital loan from Vijaya Bnak is secured by hypothecation of rawmaterials & finished goods, book debts and second charge on plant and machiney, other assets & personally guaranteed by two Directors of the Company.

7. Segment Reporting:

The Company is engaged in providing comprehensive processing services such as colour scanning, colour separation, image processing, etc., for printing and publishing industry. These activities constitute . the Primary Segment which is the only reportable segment

8. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006:

The Management is currently in the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro, Medium and Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006. Accordingly the disclosure in respect of the amount payable to such medium and small enterprises as at 31-03- 2011 has not been made in the financial statements. However, in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.

9. Share Capital:

Share Capital includes 4,54,130 (4,54,130) Equity Shares of Rs.10/- each alloted as fully paid up bonusshares by capitalisation of General Reserve.

10. Provision for Tax:

Since the company has brought forward losses available for set off no provision for tax has been created.

11. Loans, advances, deposits, sundry debtors and creditors are subject to confirmation and reconciliation.

12. Previous year figures have been regrouped recast and reclassified wherever necessary to confirm with the current years classification.

13. The figures have been rounded off to the nearest rupee.

14. In the opinion of the board, except as otherwise stated, the Current Assets and Loans and Advances have a value on realization at least equal to amounts at which they are stated in the Balance Sheet.

15. Prior period tax adjustments amounting to Rs.31,431/- debited to profit and loss account represents income tax adjustments relating to earlier years as per the Income Tax Orders.

16. For the Assessment Years 2003-2004, 2004-2005 and 2006-2007 in the Income Tax Assessments of the company, the assessing authority has made certain additions and adjusted the taxable income against the brought forward business losses and unabsorbed depreciation and no demand was raised. The company has appealed against the additions. The appeals are pending with the Income Tax Appellate Tribunal, Hyderabad.

For the AY 2007-2008 the company has received a demand notice for Rs.2,34,047/- from the Income Tax Authority. The company has not provided for the same in the books of account on the ground that once the Income Tax Appellate Tribunal Orders are decided in the favour of the company, sufficient brought forward losses will be available to absorbe the taxable income of AY 2007-2008.

17. Disclosure under Clause 32 of the Listing Agreement: Rs. in lakhs

a) Loans and advances in the nature of loans to Subsidiary Company: NIL

b) Loans and advances in the nature of loans to Associate Company: NIL

c) Loans and advances in the nature of loans where there is:

1) No repayment schedule or repayment beyond seven years: NIL

2) No Interest or interest below Sec. 372A of Companies Act: NIL

d) Loans and advances in the nature of loans to firms/companies in which Directors are interested: NIL

e) Investments by the loanee in the shares of the parent company and subsidiary company, when the company has made a loan or advance in the nature of loan: NIL


Mar 31, 2010

01. Nature of Activity:

The Company is engaged in providing comprehensive processing services such as colour scanning, colour separation, image processing, etc., for printing and publishing industry.

The nature of companys operations is such that there is no known physical measures or standard classification for its saleable products or services. The quantitative details of actual production, turnover, stock- in-trade and raw-material consumption are not given due to reasons of impossibility as the products are heterogenous in the type and quality.

02. Contingent Liabilities:

The Company is in receipt of sales tax demand notices towards sales tax payable for earlier yesrs for which appeal is being preferred and expecting no liability in this regard.

2009-2010 2008-2009

4,656,878 4,656,878

3. Related Party Transactions:

a) Names of related companies:

-APBC Printing Inks Private Limited, Jyothi Printing Inks Pvt Ltd and RGE Digital Imaging Solutions Private Limited

b) Names of other related parties:

-Reliance Graphic Enterprises and P R R Family Trust

c) Names of key management personnel:

-Mr. P. Ragahava Raju, Managing Director and Smt. P. Swarajya Lakshmi, Director

Note:

a) Related party relationship is identified by the company and relied up on by the auditors.

b) Previous year figures are given in brackets

4. Deferred Tax:

Since the company has substantial carried forward business losses and unabsorbed depreciation, it is unlikely to have taxable profits in near future and hence it is not considered necessary to create deferred tax in accordance with the Accounting Standard - 22 on "Accounting for Taxes on Income" issued by ICAI.

5. Leases:

The Companys significant leasing arrangements are in respect of operating leases for premises like operational units, offices, etc., These leases which are not non-cancellable are generally for more than 11 months, or for longer periods and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent to profit and loss account.

6. Secured Loans:

a) Working Capital loan from Vijaya Bnak is secured by hypothecation of rawmaterials & finished goods, book debts and second charge on plant and machiney, other assets & personally guaranteed by two Directors of the Company.

b) Hire purchase loan is secured by Hypothecation of vehicle obtaimed under the scheme.

7. Segment Reporting:

The Company is engaged in providing comprehensive processing services such as colour scanning, colour separation, image processing, etc., for printing and publishing industry. These activities constitute the Primary Segment which is the only reportable segment.

8. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006:

The Management is currently in the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro, Medium and Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006. Accordingly the disclosure in respect of the amount payable to such medium and small enterprises as at 31-03- 2010 has not been made in the financial statements. However, in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.

9. Share Capital:

Share Capital includes 4,54,130 (4,54,130) Equity Shares of Rs.10/- each alloted as fully paid up bonus shares by capitalisation of General Reserve.

10. Loans and advances include an amount given to P. Raghava Raju Family Trust, is unrecoverable as the Trust has no realisable assets, hence 100% provision has been made for Rs.91,71,883/-

11. Loans, advances, deposits, sundry debtors and creditors are subject to confirmation and reconciliation.

12. Previous year figures have been regrouped recast and reclassified wherever necessary to confirm with the current years classification.

13. The figures have been rounded off to the nearest rupee.


Mar 31, 2009

1. Contingent Liabilities:

The Company is in receipt of sales tax demand notices towards sales tax payable for earlier years for which appeal is being preferred and expecting no liability in this regard. 4,656,878 4,656,878

2. Related Party Transactions:

a) Names of related companies: APBC Printing Inks Private Limited, Jyothi Printing Inks Pvt Ltd and RGE Digital Imaging Solutions Private Limited



b) Names of other related parties: Reliance Graphic Enterprises and P R R Family Trust

c) Names of key management personnel: Mr. P. Raghava Raju, Managing Director and Smt. P. Swarajya Lakshmi, Director

3. Provision for Tax:

During the year, the company has NIL tax liability as computed under the Provisions of Income Tax Act. However, only fringe Benefit Tax is provided for the year.

4. Deferred Tax:

Since the company has substantial carried forward business losses and unabsorbed depreciation, it is unlikely to have taxable profits in near future and hence it is not considered necessary to create deferred tax asset in accordance with the Accounting Standard - 22 on "Accounting for Taxes on Income" issued by ICAL

5. Leases:

The Companys significant leasing arrangements are in respect of operating leases for premises like operational units, offices, etc., These leases which are not non-cancellable are generally for more than 11 months, or for longer periods and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent to profit and loss account.

6. Serured Loans

a) Working Capital loan from Vijaya bank is secured by hypothecation of raw materials & finished goods, book debts and second charges on plant and machiney, other assets & personally guaranteed by two Directors of the Company.

b) Hire purchase loan is secured by Hypothecation of vehicle obtained under the scheme.

7. Segment Reporting:

The Company is engaged in providing comprehensive processing services such as colour scanning, colour separation, image processing, etc., for printing and publishing industry. These activities constitute the Primary Segment which is the only reportable segment

8. Disclosure under Micro, Small and Medium Enterprises Development Act. 2006:

The Management is currently in the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro, Medium and Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006. Accordingly the disclosure in respect of the amount payable to such medium and small enterprises as at 31-03-2009 has not been made in the financial statements. However, in view of the management, the impact of interest, if any that may be payable in accordance with the provisions of the Act, is not expected to be material.

9. Loans, advances, deposits, sundry debtors and creditors are subject to confirmation and reconciliation.

10. Previous year figures have been regrouped, recast and reclassified wherever necessary to confirm with the current years classification.

11. The figures have been rounded off to the nearest rupee.

 
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