Home  »  Company  »  Koffee Break Picture  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Koffee Break Pictures Ltd.

Mar 31, 2014

NOTE 1: Notes to the Balance Sheet

(b) The Share Capital of the Company is divided into 13,00,11,000 Equity shares of Rs.1/- each with an Authorised Share Capital of 16,00,00,000 Equity shares of Rs. 1/- each. There has been no change in the capital structure of the Company during the period under review.

NOTE 2: Other Notes

1. Background of the Company

Additional Information required to be given pursuant to Part II of Schedule VI to the Companies Act, 1956 is as follows : The Company is in business of production, distribution, selling and exhibition of movies / animation / entertainment / software etc. Which are not subject to any license and as such information regarding consumption of raw materials, production and sales is not applicable. Further the nature of business of the Company is such that the installed capacity is not quantifiable.

2. Previous Year''s Figures

The Revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

3. Related Party Disclosure

a. Details of Related Parties

Description of Relationship Name of Related Parties

Key Management Personnel Apurva M. Shah*

Relative of Key Management Personnel Ashni Shah

Relative of Key Management Personnel Bhavna M. Shah

Relative of Key Management Personnel Manish L Shah

Relative of Key Management Personnel Manish L Shah HUF

Relative of Key Management Personnel Lalitchandra Shah

Relative of Key Management Personnel Sumitra L. Shah

* Mr. Apurva M. Shah has been resigned from the directorship wef. 6th February, 2014.


Mar 31, 2013

1. Background of the Company

Additional Information required to be given pursuant to Part II of Schedule VI to the Companies Act, 1956 is as follows:

The Company is in business of production, distribution, selling and exhibition of movies/animation/entertainment/software etc. Which are not subject to any license and as such information regarding consumption of raw materials, production and sales is not applicable. Further the nature of business of the Company is such that the installed capacity is not quantifiable.

2. Previous Year''s Figures

The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2011

1. The Company had given advances to parties for various business activities which are not completed till date. Hence, no interest is charged on such advances given.

2. Balances of Sundry Debtors, Sundry Creditors, advances given to various parties and Advances recoverable in cash or kind are as per books and are subject to confirmations and reconciliation, if any.

3. The Demand Cash Credit (Working Capital Facility) from State Bank of India referred in schedule 'B' of the Balance Sheet is secured by:

(i) Primarily by hypothecation of all the stocks, book debts and rights of film being produced and

(ii) Equitable Mortgage of a Building at Dadar (West), Mumbai and a Building at Tardeo, Mumbai both owned by the promoter and their relatives / friends as Collateral Security and

(iii) Promoter has pledged 12,50,000 nos. of shares of the Company as Collateral Security and

(iv) Personal guarantee of the Managing Director Mr. Apurva Shah.

4. Additional Information required to be given pursuant to Part II of Schedule VI to the Companies Act, 1956 is as follows:

The Company is in business of production, distribution, selling and exhibition of movies/ animation/ entertainment/ software etc. Which are not subject to any license and as such information regarding consumption of raw materials, production and sales is not applicable. Further the nature of business of the Company is such that the installed capacity is not quantifiable.

5. Segment Reporting:

The entire operation of the Company relates to only one segment viz. Software and Entertainment. As such, there is no separate reportable segment under Accounting Standards- AS 17 on Segment Reporting.

6. There are no outstanding dues of Micro and Small Enterprises suppliers as defined under The Micro, Small and Medium Enterprises Development Act, 2006.

7. There is no contingent liability during the year.

8. Previous year's figures have been regrouped wherever necessary to make them comparable with those of current years.

 
Subscribe now to get personal finance updates in your inbox!