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Notes to Accounts of Sambhaav Media Ltd.

Mar 31, 2015

1 The cashflow statement has been prepared in accordance with the requirement of AS -3 " Cash flow statement" issued by the Institute of Chartered Accountants of India

2 Previous year's figures have been regrouped wherever necessary to confirm this year's classification.

3 Reconciliation of the number of shares outstanding: NIL

The Company has not issued or bought back any equity or preference shares during the year.

4 The Company has only one class of equity shares having a par value of Re.1/- per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors, if any, is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

5 In the event of liquidation of the company, the holders of shares shall be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

6 Appropriation out of Balance in Profit and Loss Account: There is no appropriation out of Profit and Loss Account for the year/previous year.

7 * Against hypothecation of Plant & Machinery, Other Fixed Assets, assignment of hoarding rights, other collateral securities & personal guarantees given by Directors & Others

** Against Mortgage of 10th Floor of Sambhaav House, Bodakdev -Ahmedabad ***Against Hypothecation of Vehicle

8 *Against hypothecation of Stock and Book Debts, hypothecation of Plant & Machinery , Other Fixed Assets, assignment of hoarding rights, other collateral securities & personal guarantees given by Directors & Others

**Against hypothecation of Plant & Machinery , Other Fixed Assets, assignment of hoarding rights, other collateral securities & personal guarantees given by Directors & Others ***Against Hypothecation of Vehicle

**** Against Mortgage of 10th Floor of Sambhaav House, Bodakdev -Ahmedabad

9 There are no amounts outstanding to Micro, Small and Medium Enterprises based on available information with the company.

10 There is no amount remaining unpaid pertaining to unclaimed dividends which are required to be transferred to Investors Education & Protection Fund as on 31.03.2015.

11 The determination of Deferred Tax Liabilities in terms of AS-22 relating to accounting for Taxes on Income as Issued by Institute of Chartered Accountants of India is provided.

12 Deferred Tax Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation laws.

13 The Company has entered into an arrangement with Gujarat News Broadcaster Pvt Ltd for acquiring marketing rights of Vtv Gujarati News Chennal and pursuant there to has made payment of Rs. 3 Cr. (P Y Nil) towards advance of revenue sharing for the Half Year and Rs 2.88 Cr. (P Y. Nil) advance against security deposit

14 CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF

As at As at

31st March, 2015 31st March, 2014

(In Rs) (In Rs)

Income Tax Demands for A.Y 2005-06 &

A.Y 2011-12 - matter under appeal 65,88,751 48,88,401

30.1 Cases are pending against the demand of the Income Tax Authorities.


Mar 31, 2014

1.1 The Company has only one class of equity shares having a par value of Rs. 1/- per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors, if any, is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

1.2 In the event of liquidation of the company, the holders of shares shall be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

1.3 Appropriation out of Balance in Profit and Loss Account:

There is no appropriation out of Profit and Loss Account for the year/previous year.

1.4 * Against hypothecation of Plant & Machinery, Other Fixed Assets, assignments of hoarding rights, other collateral securities & personal guarantees given by Directors & others ** Against Mortgage of 10th Floor of Sambhaav House, Bodakdev-Ahmedabad. *** Against Hypothecation of Vehicle.

1.5. The determination of Deferred Ta x Liabilities in terms of AS-22 relating to accounting for Taxes on Income as Issued by Institute of Chartered Accountants of India is provided.

1.6. Deferred Ta x Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation laws.

1.7 * Against hypothecation of Stock and Book Debts, hypothecation of Plant & Machinaery, Other Fixed Assets, assignment of hoarding rights, other collateral securities & personal guarantees given by Directors & Others

** Against hypothecation of Plant & Machinery, Other Fixed Assets, assignment of hoarding rights, other collateral securities & personal guarantees given by Directors & Others

*** Against Hypothecation of Vehicle

Note: 2 CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF:

As at As at 31st March 2014 31st March 2013 ( In Rs. ) ( In Rs. )

Income tax Demands for A.Y 2005-06 & A.Y 2011-12 matter under appeal 48 88 401 11 44 739

Note: 3.1 Outstanding liability in respect of A.Y. 2005-06 Rs..11.45 Lacs is on account of dispute pending before the Hon. Gujarat High Court and hence no provision has been made.

Note: 4 Estimated amount of contract remaining to be executed on Capital Account (net of advance payment) Rs..1,54,40,000/- (previous year Rs..83,69,055/-)

Note: 5 RELATED PARTY INFORMATION

(A) Name of related party and nature of relationship

Subsidiary

Ved Technoserve India Private Limited (Formerly Sambhaav Infosolutions Pvt. Ltd)

Key Managerial Personnel

Kiran.B. Vadodaria Manoj. B. Vadodaria

Enterprise significantly influenced by Key Managerial Personnel

Nila Infrastructures Ltd.

(C) Related party relationship is as identified by the Company on the basis of information available with them and relied upon by the Auditors

Note: 6 SEGMENT INFORMATION

(i) The Company is engaged in business of printing and publishing of newspaper and teriodicals and also of outdoor advertising. These business are consider as primary segments. In determining the revenue results, the identifible segment revenues and expenses are alocated in relation to the operating activities of segments and common expenduture is allocated on a reasonable basis. Likewise, the assets and liablities also have been allocated on the bases of relationship to the operating activities.

(ii) The Company operates mainly within Gujarat and does not have operation in economic environments with different risk and returns. Hence it is considered as operating in single geographical envioronment.

Note: 7 Significant Accounting Policies followed by the Company are as stated in the statement annexed to this schedule as Note 1.

Note: 8 Previous year''s figures have been regrouped wherever necessary.


Mar 31, 2013

Note: 1 CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF:

As at As at 31st March 2013 31st March 2012 ( In Rs. ) ( In Rs. )

Income tax Demands for A.Y 2005-06 - matter under appeal 11 44

739 11

44 739

Note: 2 Estimated amount of contract remaining to be executed on Capital Account (net of advance payment) Rs. 83 69 055/- (previous year Rs.3 53 01 401/-).

Note: 3 RELATED PARTY INFORMATION

(A) Name of related party and nature of relationship

Subsidiary

Ved Technoserve India Private Limited (Formerly Known as Sambhaav Infosolutions Pvt. Ltd)

Key Managerial Personnel

Kiran.B. Vadodaria Manoj. B. Vadodaria

Other Related Parties where control exists

Nila Infrastructures Ltd.

Note: 4 SEGMENT INFORMATION :

(I) The Company is engaged in business of printing and publishing of newspaper and periodicals and also of Outdoor Advertising. These business are considered as primary segments. In determining the revenue results, the identifiable segment revenues and expenses are allocated in relation to the operating activities of the segment and common expenditure is allocated on a reasonablebasis. Likewise, the assets and liabilities also have been allocated on the basis of relationship to the operating activities.

(II) The Company operates mainly within Gujarat and does not have operation in Economic environments with different risk and returns.Hence it is considered as operating in single geographical environment.

Note: 5 Significant Accounting Policies followed by the Company are as stated in the statement annexed to this schedule as Annexure I.

Note: 6 The Company had incorporated a wholly owned subsidiary namely "Ved Technoserve India Private Limited" (Formerly known as "Sambhaav Infosolutions Pvt Ltd”) wherein no transaction has taken place in the FY 2012- 2013.

Note: 7 Previous year''s figures have been regrouped wherever necessary.


Mar 31, 2012

1.1 Reconciliation of the number of shares outstanding: Nil

As the Company has not issued or bought back any equity or preference shares during the year.

1.2 The Company has only one class of equity shares having a par value of Rs. 1/- per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors, if any, is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

1.3 In the event of liquidation of the company, the holders of shares shall be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

2.1 Appropriation out of Balance in Profit and Loss Account:

There is no appropriation out of Profit and Loss Account for the year/previous year.

2.2 * Against hypothecation of Stock and Book Debts.

** Against hypothecation of Plant & Machinery and Other Fixed Assets & against assignment of hoarding rights.

# Against other collateral securities & personal guarantees given by Directors & Others *** Against Hypothecation of Cars.

3.1. The determination of Deferred Tax Liabilities in terms of AS-22 relating to accounting for Taxes on Income as Issued by Institute of Chartered Accountants of India is provided.

3.2. Deferred Tax Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation laws.

Note 4.1 Pre Operative Expenses amounting to Rs. 15415654/- (PY- Rs. 10737850/-) includes Rs. 6825375/- for PES Project - GSRTC (PY- Nil) other expenses pertaining to Mahila Rajkot Kiosk Rs. 85 90 279/- (PY- Rs. 1 07 37 850/-) .

Note 4.2 As per the Accounting policy adopted by the company, company will write off pre-operating expenditure of PES project - GSRTC in a systematic manner within contractual period from the date of commencement of project.

Note 4.3 Note on Amortization Expenses: As per accounting policy adopted in relation to the treatment of the expenditure incurred in the conduct of outdoor publicity business in the territory / region hitherto unexploited, the company had incurred an expenditure classified under the head " Pre operative Expenses". Since the composite project has been awarded to the Company for a period of 8 years, the Company has decided to write off this amount in an equal number of years during the tenure of the project.

Note: 5 CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF

As at As at

31st March 2012 31st March 2011

( In Rs.) ( In Rs. )

Income tax Demands for A.Y 2005-06 - matter under appeal 11 44 739 11 44 739

Note: 5.1 Estimated amount of contract remaining to be executed on Capital Account (net of advance payment)

Rs. 3,53,01,401/- (previous year Rs.Nil).

(C) There are no provisions for doubtful debts or amounts written off or written back in respect of debts due to or due from related parties

(D) Related party relationship is as identified by the Company on the basis of information available with them and relied upon by the Auditors

(E) During the year the Company has incorporated wholly owned subsidiary namely "Sambhaav Info solutions Pvt. Ltd." on 16th November 2011.

(I) The Company is engaged in business of printing and publishing of newspaper and periodicals and also of Outdoor Advertising. These business are considered as primary segments. In determining the revenue results, the identifiable segment revenues and expenses are allocated in relation to the operating activities of the segment and common expenditure is allocated on a reasonable basis. Likewise, the assets and liabilities also have been allocated on the basis of relationship to the operating activities.

(II) The Company operates mainly within Gujarat and does not have operation in Economic environments with different risk and returns. Hence it is considered as operating in single geographical environment.

Note: 6 Significant Accounting Policies followed by the Company are as stated in the statement annexed to this schedule as Annexure I.

Note: 7 During the year company has incorporated a wholly owned subsidiary namely "Sambhaav Info solutions Pvt Ltd" in which there is no transaction taken place in the FY 2011-12.

Note: 8 Previous year's figures have been regrouped wherever necessary.

Note:

1 The cash flow statement has been prepared in accordance with the requirement of AS -3 " Cash flow statement" issued by the Institute of Chartered Accountants of India

2 Previous year's figures have been regrouped wherever necessary to confirm this year's classification.


Mar 31, 2011

1. Dues to Micro, Small And Medium Enterprises

As informed, the Company does not have any outstanding dues to the micro small and medium enterprises as defined in the Micros, Small and Medium Enterprises Act, 2006. The identification of micro, small and medium enterprises is based on the information available with the management regarding the status of these parties, which is being relied upon by the Auditors.

2. Contingent liabilities not provided for: ( Not acknowledged by the Company )

Particulars 2010-2011 2009-2010

Income Tax Demand for the A.Y. 2005-06 Rs.11, 44,739/- 11, 44,739/-

3. a) Necessary provision for income tax for the year under consideration has been made.

4. Estimated amount of contracts remaining to be executed on capital account (net of advances) Rs.Nil (Previous year 30,46,576 ).

5. Hitherto the company was providing depreciation on hoardings and gantries owned by the company on SLM basis at the rate applicable to Building as provided under Schedule XIV of the Companies Act, depreciation on such assets is provided on SLM basis at the rate as applicable to Plant & Machinery provided under Schedule XIV of the Companies Act on single shift basis.

6. As per accounting policy adopted in relation to the treatment of the expenditure incurred in the conduct of outdoor publicity business in the territory / region hitherto unexploited, the company had incurred an expenditure classified under the head " Deferred Revenue Expenditure ". Since the composite project has been awarded to the Company for a period of 8 years. The Company has decided to write of this amount in an equal number of years during the tenure of the project.

7. Other information required in items of para 4C and 4D of Part II of Schedule-VI to the Companies Act, 1956

(B) Installed Capacity (As certified by Management)

2010-11

Newsline -30 : 5 Units - Plus 4 Hi tower & capacity of Printing 4 pages per unit of 546 mm cut-off @30,000 copies per hour (Total 20 Pages inclusive of 6 pages in colour)

Orient (Super) : 4 Units - Capacity of Printing 4 pages per unit of 546 mm cut-off @ 30,000 copies per hour (16 pages inclusive of 2 pages in colour)

HM - 30 : 4 Units - 2 Hi Tower & 4 Mono Units, Capacity of Printing 4 pages per Unit of 546 mm cut-off @ 30,000 copies per hour (Total 24 Pages inclusive of 8 pages in colour).

Mitsubishi Lithopia 750 : Heat Set Machine 4 page back to back colour printing of 546mm cut off @ 45000 copies per hour.

2009-10

Newsline -30 : 5 Units - Plus 4 Hi tower & capacity of Printing 4 pages per unit of 546 mm cut-off @ 30,000 copies per hour (Total 20 Pages inclusive of 6 pages in colour)

Orient (Super) : 4 Units - Capacity of Printing 4 pages per unit of 546 mm cut-off @ 30,000 copies per hour (16 pages inclusive of 2 pages in colour)

HM - 30 : 4 Units - 2 Hi Tower & 4 Mono Units, Capacity of Printing 4 pages per unit of 546 mm cut-off @ 30,000 copies per hour (Total 24 Pages inclusive of 8 pages in colour).

Mitsubishi Lithopia 750 : Heat Set Machine 4 page back to back colour printing of 546mm cut off @ 45000 copies per hour.

(C) Production

2010-11

5603.58 lacs Pages printed which includes 4829.63 Lacs pages printed for others, 1293.50 Lacs pages (17.18 lacs copies) for Periodicals printed by others.

2009-10

5608.82 lacs Pages printed which includes 4833.82 Lacs pages printed for others, 1286.36 Lacs pages (18.42 lacs copies) for Periodicals printed by others.

8. Segment Revenue

(I) The company is engaged in the business of printing and publishing of newspapers and periodicals and also of outdoor advertising. These businesses are considered as primary segments. In determining the revenue results, the identifiable segment revenues and expenses are allocated in relation to the operating activities of the segment and common expenditure is allocated on a reasonable basis. Likewise, the assets and liabilities also have been allocated on the basis of relationship to the operating activities.

9. a) Earnings in foreign exchange during the year Rs, Nil (Previous years Rs. Nil)

b) Expenditure in foreign currency during the year Rs. Nil (Previous years Rs. Nil)

10. Previous year's figures have been regrouped and rearranged wherever necessary.

 
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