Mar 31, 2015
1 Corporate Information
Sanguine Media Limited (bearing CIN No. L74210TN1995PLC032921) operates
as a media Company in India. It manages various events, including
entertainment shows, product launches, customer/ consumer meets,
employee's motivational programs, training and development programs,
international/Indian artist program, concerts, and television events.
The company also provides rural marketing services, such as rural van
operation/ video on wheels, market promotion, consumer contact/
promotion, promotional selling, promotional distribution, market
research and Trading & Investment Activity in Shares & Securities &
related instruments etc.
2. Terms/rights attached to the Equity Shares
The Company has only one class of Equity Shares having a par value of
Re 1/- each. Each Shareholder is eligible one vote per share. Any
Shareholder whose name is entered in the Register of Members of the
Company shall enjoy the same rights and be subject to the same
liabilities as all other shareholders. The dividend, if any, proposed
by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, 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 to their
shareholding.
Note: The company's equity share had been subdivided and face value per
share had been split from Rs'10/- per share to Re' 1 /- as approved by
share holders meeting held on 30th October, 2014.
d) Shares allotted as fully paid up by way of bonus shares (during 5
years preceding 31st March, 2015)
The Company have not allotted bonus shares during the 5 preceding
financial year by the capitalisation of Securities Premium and
Reserves.
3. Research & Development Expenses
The expenditure on Research & Development is not sepa-rately
ascertainable as the same has been included under various heads of
expenditure in the Profit & Loss Account.
4. Segment Reporting:
The Company has only one segment of activity of dealing in share &
securities during the period, hance segment wise reporting as defined
in accounting standard 17 is not applicable.
5. Related Party Disclosure
a) Related Parties and their relationship
ANNUAL REPORT 2014-15
Key Managerial Personnel
Mr. Kumar Raichand Madan Managing Director
Mr. Vanraj dadbhai Kahor Director (resigned on 26/12/2014)
Mr. Dhiresh Uttamchand Munver Director
Mr. Ami Jigar Motta Director
Mr. Devendra Prabhakar Otavakar Director
6. Contingent Liabilities/Assets
A contingent liability is a possible obligation that arises from past
events whose existance will be confirmed by the occurency on non
occurrence of one or more uncertain future events beyond the control of
the company or a present obligation that is not recognized because it
is not probable that an outflow of resources will be required to the
settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be measured reliably.
The Company does not recognize a contingent liability but discloses its
existances in the financial statements.
Contingent assets are not recognized in the financial statements.
However contingent assets are assessed continually and if it is
virtually certain that an economic benefit will arise, assets and
related income are recognized in the period in which the change occurs.
7. Balances in the accounts of debtors, creditors and con-tracts and
contractors, certain Bank Accounts are taken subject to confirmation and
reconciliation and only upon such confirmation and reconciliation, the
entries for discounts, claims and writing off sundry balances etc. will
be recorded in the books.
8. In the absence of detailed information from Small Scale and
Ancillary Undertaking, included under the head Sundry Creditors dues
there from are not ascertained as on the date of Balance Sheet.
9. Previous year's figures have been regrouped/ rearranged wherever
deemed necessary.
Mar 31, 2014
1. Share Capital
a) Terms/rights attached to the Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs. 10 each. Each Shareholder is eligible one vote per share. Any
Shareholder whose name is entered in the Register of Members of the
Company shall enjoy the same rights and be subject to the same
liabilities as all other shareholders. The dividend, if any, proposed
by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, 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 to their
shareholding.
b) Shares allotted as fully paid up by way of bonus shares (during 5
years preceding March 31, 2014)
The Company have not allotted bonus shares during the 5 preceding
financial year by the capitalisation of Securities Premium and
Reserves.
2. Research & Development Expenses
The expenditure on Research & Development is not separately
ascertainable as the same has been included under various heads of
expenditure in the Profit & Loss Account.
3. Segment Reporting:
Segment reporting is not applicable.
4. Related Party Disclosure
a) Related Parties and their relationship
Key Managerial Personnel
Mr. Kumar Raichand Madan : Managing Director
Mr. Vanraj dadbhai Kahor : Director
Mr. Dhiresh Uttamchand Munver : Director
Mr. Ami Gigar Motta : Director
Mr. Devendra Prabhakar Otavakar : Director
5. Contingent Liabilities/Assets
A contingent liability is a possible obligation that arises from past
events whose existence will be confirmed by the occourency on non
occurrence of one or more uncertain future events beyond the control of
the company or a present obligation that is not recognised because it
is not probable that an outflow of resources will be required to the
settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be measured reliably.
The Company does not recognise a contingent liability but discloses its
existances in the financial statements. Contingent assets are not
recognised in the financial statements. However contingent assets are
assessed continually and if it is virtually certain that an economic
benefit will arise, assets and related income are recognised in the
period in which the change occurs.
6. Balances in the accounts of debtors, creditors and contracts and
contractors, certain Bank Accounts are taken subject to confirmation
and reconciliation and only upon such confirmation and reconciliation,
the entries for discounts, claims and writing off sundry balances etc.
will be recorded in the books.
7. In the absence of detailed information from Small Scale and
Ancillary Undertaking, included under the head Sundry Creditors dues
there from are not ascertained as on the date of Balance Sheet.
8. Previous year''s figures have been regrouped/rearranged wherever
deemed necessary.
Mar 31, 2013
1 Cnrporart Information
Sanguine Media Limited , is a company incorporated in Septmher 1W5
under the Indian (Unipuiije, Ad, 1956, Sanguine Media Limned operates
m, a media company in India- It manages various events including
enterlainmenl shows, product launches, customer/consumer meets,
employees motivational programs, training and development programs.
international/Indian artist program. concerts, and''tele vision events.
The company also provides rural marketing services, such as rural van
operation/video on wheels, market promotion. consumer
contact/promotion, promotional selling, promotional disrribuiK>n.
marlei research and Trading & Investment Activity in Shares &
Securities & related instruments etc.
2 Presentation and DisckMure of Financial Statement
During Hie year ended 31-03-M13, [he revised Schedule V| nnlificd under
Ihe Companies Act lu56. has become applicable to die company for
preparetiun and pttsentaikm of its financial statements. The adoplion
of revised Schedule VI dfic&noi imped recognition and measurement
principle* tollohvcJ fnr preparation of financial statements. huuevcv .
n has sugnificum impact un presentation Olid disclosures made in the
financial statement*. The Company has also reclassified the previous
year figures in accordance with the requirement applicable in the
current year Company has only nne class of Equity Shares having a par
value of ID each. Each Sliareholder is eligible one vole per share. Any
Shareholder whocs name is entered in ihe Register of Members of the
Company shall enjoy the same rights and be subject lo the same
liabilities as all drier shareholders. The dividend, if any. proposed
by ihe Board oi'' Directors is mbjeel to the approval of the
shareholders in Hie ensuing Annual General Meeting except in ease of
inlerint dividend- In the even! of liquidation. the equily shareholders
are eligible tfl receive the remaining assets of the Company after
distribution of all preferential amounts. in proportion to their
shareholding.
shareholders is holding more than 5 % shares in the company * Kquny
Shares of'' III each fuly paid up
hares allotted as fully paid up by way of bonus shares (during S
years preceding March 31, IUI3)
The Company hsrve not al lotted bonus shares during the 5 preceding
financial year by (he capitalisation of Securities Premium and
Reserves.
The expenditure an Research & Dcvclapmenl is not scpa-ratdy
ascertainable as Hie sanit lias been included under various heads of
cxptfnJilUre ill thdPrdfil & E.OSS Account.'' ecognised becntist
t is not nmnahie dint an outflow of resources financial statements
assets rccogniMSd in the finnacijl snienicmis However eonlinfleni
assets ore assessed continually and virtually certain
bene In a ill arise, assets and related income sue recognised
in uhich Ihe change
occurs
3 Balances in the iicL-iTuniH n( ilebh>r-,, crcdilnrs and enn-trqcis
and contractors. cenain hank Accounts are taken subject to
confirmation and reconciliation and only upon such confinnaiuin and
reconciliation. the entries for
discounts. claims and uritinii oil'' sundry bal;ince etc. will be
recorded in the hooks
In ihe absence nt''detailed inrbrmution from Small Scale and
Ancillary Undertaking, included under Ihe head Sundry Creditors dues
then: from are not useeiiamed as on ihe date of Balance Sheet,
4 figurcs have been regrouped I rearranged wherever deemed
necessary.
Mar 31, 2011
1. Foreign Currency : Nil.
2. Disclosure for Retirement Benefits under Accounting Standard 15:
No provision has been made on account of Bonus and Gratuity and present
liabilities for future payment of gratuity employees.
3. Disclosure for Segment Reporting under Accounting Standard 17:
Accounting Standard in respect of Segment reporting is not applicable
to the company as the operation of the company is in nature of an
integrated system of function.
4. Disclosures for Contingent Liabilities under Accounting Standard
29:
Contingent Liabilities: Nil
5. In the opinion of the Board, all sundry debtors and other
receivables are approximately of the Value stated if realized in the
ordinary course of business.
6. Revenue Recognition
Revenue will be recognized on completion of the projects/telecast of
ads / Print of ads in television/news papers.
7. None of the Directors are interested in the loans and advances as
per section.295 of Companies Act, 1956.
8. The Company has not declared any dividend.
9. Previous year's figures have been regrouped/ reclassified wherever
necessary .All the figures have been rounded off to the nearest rupee.
Mar 31, 2010
1. Foreign Currency: Nil.
2. Disclosures for Retirement Benefits under Accounting Standard 15:
No provision has been made on account of Bonus and Gratuity and present
liabilities for future payment of gratuity employees.
3. Disclosures for Segment Reporting under Accounting Standard 17:
Accounting Standard in respect of Segment reporting is not applicable
to the company as the operation of the company is in nature of an
integrated system of function.
4. Disclosures for Related Party under Accounting Standard 18:
Key Managerial Persons:
# Mr. C. V.Ravi Whole Time Director Managerial Remuneration Paid:
2009-10
# Mr. C.V.Ravi NIL #Ms.V.N. Parvathi NIL
5. Disclosures for Deferred Tax under Accounting Standard 22:
The deferred tax liability as at 31st March 2010 comprise of the
following:
6. Disclosures for Contingent Liabilities under Accounting Standard
29;
Contingent Liabilities : Nil
7. In the opinion of the Board, all sundry debtors and other
receivables are approximately of the value stated if realized in the
ordinary course of business.
8. Revenue Recognition
Revenue will be recognized on completion of the projects/telecast of
ads / Print of ads in television/news papers.
9- None of the Directors are interested in the loans and advances as
per section.295 of Companies. Act, 1956.
10. The Company has not declared any dividend.
11. Previous years figures have been regrouped/ reclassified wherever
necessary .All the figures have been rounded off to the nearest rupee.