Home  »  Company  »  Khyati Multimedi  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Khyati Multimedia Entertainment Ltd.

Mar 31, 2014

1. Corporate Information

Khyati Multimedia Entertainment Limited Company is incorporated under the provisions of The Companies Act, 1956. The company’s business is in the area of Multimedia development using the latest Multimedia Tools and is also engaged in the business of letting out vehicle.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies ( Accounting Standards ) Rules. 2006. (as amended ) and the relevant provisions of the Companies Act. 1956, The financial statements have been prepared on an accrual basis and under the historical cost convention.


Mar 31, 2011

1. Accounting policies not specifically referred to above are consistent with the generally accepted accounting practices.

2 The Provision for tax is not made as there is Loss.

3 The break up of Auditors Remuneration is as under:

4 The maximum amount due from the Directors is Rs NIL. (Previous year Rs. NIL.)

5. Remuneration paid to Directors is Rs .5.40Lacs (Previous year Rs.3.60Lacs)

6 Contingent liabilities not provided for Rs. 2.01 lacs

7 Provision of clause 4D of part II of schedule VI of the Companies Act, 1956, regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in foreign currency on accounts of dividends, export earning etc, are not given as all information required in the Clauses are Nil. (Previous year Nil.)

8. Figures in the Balance Sheet has been regrouped and rearranged wherever Necessary.

9. Pursuant to the Accounting Standard (AS-18) Related Party Transactions, the disclosure relating to transaction entered into with related party at arms length basis by the company, as identified by the management are disclosed as under:

The EPS calculated after provision of deferred tax.

The company does not have any outstanding dilutive potential equity shares, Consequently, the basic and diluted earnings per share of the company remain the same.

10. According to the records available with the company, there were no dues to Micro and Small enterprises under the Micro, Small and Medium Enterprises Development Act 2006. Hence disclosures, if any, relating to amounts unpaid as at the period end together with the interest paid/payable as required under the said Act have not been given.

11. The statement of Significant Accounting Policies and the Notes number 2 to 11 above from an integral part of the accounts for the year ended 31st March 2011.


Mar 31, 2010

1. Accounting policies not specifically referred to above are consistent with the generally accepted accounting practices.

2 The Provision for tax is not made as there is Loss.

3 The maximum amount due from the Directors is Rs NIL. (Previous year Rs. nil lacs.)

4. Remuneration paid to Directors is Rs 3.60 lacs. (Previous year Rs.Nil)

5 Contingent liabilities not provided for Rs. 2.01 lacs

6 Provision of clause 4D of part II of schedule VI of the Companies Act, 1956, regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in foreign currency on accounts of dividends, export earning etc, are not given as all information required in the Clauses are Nil. (Previous year Nil.)

7. Figures in the Balance Sheet has been regrouped and rearranged wherever Necessary.

8. Pursuant to the Accounting Standard (AS-18) - Related Party Transactions, the disclosure relating to transaction entered into with related party at arms length basis by the company, as identified by the management are disclosed as under:

i) Name Of the Related Party & description of the relationship

A. Khyati Finance .

B. Jignaben Patel

9. The statement of Significant Accounting Policies and the Notes number 2 to 9 above from an integral part of the accounts foi, the year ended 31st March 2010.


Mar 31, 2009

1. Accounting policies not specifically referred to above are consistent with the generally accepted accounting practices.

2 The Provision for tax is not made as there is Loss.

3 The maximum amount due from the Directors is Rs. Nil. Lacs. (Previous year Rs nil lacs.).

4. Remuneration paid to Directors is Rs Nil. (Previous year Nil)

5 Contingent liabilities not provided for Rs. Nil

6 Provision of clause 4D of part II of schedule V] of the Companies Act, 1956, regarding value of imports expenditure incurred in Foreign Currency, amount remittance in foreign currency on accounts of dividends., export earning etc, ai not given as all information required in the Clauses are Nil. (Previous year Nil

7 Balance of Sundry Debtors, Creditors, Loans & Advances and Current Habilids given and accepted as agreed by management arc subject to confirmation.

8 Figures in the Balance Sheet has been regrouped and rearranged wherever Necessary.

9 In the opi nion of the Board of Directors the current assets, Loans and Advances Unsecured and Considered Good have the value at which they are stated in the Balance Sheet if realized in the ordinary course of business.

10. The statement of Significant Accounting Policies and the Notes number 2 in)1 above from an integral pan of the accounts for the year ended 31st March.

Find IFSC