Mar 31, 2014
1. Corporate Information
Khyati Multimedia Entertainment Limited Company is incorporated under
the provisions of The Companies Act, 1956. The companyÂs 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.