Mar 31, 2015
1. Commitments/ Contingent Liabilities :
As at As at
S.No Particulars 31.03.2015 31.03.2014
a. Commitments/ Contingent Liabilities Nil Nil
b. Estimated amount of contracts,
remaining to be executed on
Capital account and not provided
for (net of advance) Nil Nil
2. Program / Film rights etc., for broadcasting are intangible assets
as defined in Accounting Standard - 26 but considered and shown under
current assets as are under for broad casting in ordinary course of
business.
3. During the year under review the company is engaged in one segment
only i.e., media & entertainment sector. Hence segment reporting as per
Accounting Standard - 17 "Segmental Reporting "is not applicable to the
company.
4. Related Party Transactions:
A. Names of related parties and description of relationship.
S.No Relationship Name of the Party
1. Holding Company M/s Siri Media Pvt. Limited
2. Key Management Personnel (KMP) Mr. K.Ramakrishna Prasad,
Managing Director
5. During the year, the Central Bureau of Investigation (CBI) and
directorate of enforcement filed cases against the company and its
managing director under the prevention of money laundering Act, 2002
for allotment of 2,45,000 Equity shares of Rs.10/- each on preferential
basis in the year 2008-09. Further, directorate of enforcement is in
the process of issuing provisional attachment order in respect of some
of the assets of the company. The company is co-operating with the
above government agencies.
The company is confident that it has not done anything wrong and it
would be able to give replies to the allegations to the satisfaction of
the government agencies involved. As of now, these cases will have no
impact on the financial statements of the company.
6. The additional information required under paragraphs 5(viii) (c)
of general instructions for preparation of the statement of profit and
loss as per Schedule III to the Companies Act, 2013 is not applicable
to the company at present.
7. Balance of debtors, loans and advances and creditors are subject
to reconciliation and confirmation.
8. Figures of the previous year have been re-grouped/re-cast wherever
necessary to conform to the current year's presentation/classification.
9. Figures are rounded off to the nearest rupee.
Mar 31, 2014
1.1 Commitments/ Contingent Liabilities :
As at As at
S.No Particulars 31.03.2014 31.03.2013
a. Commitments/ Contingent Liabilities Nil Nil
b. Claims against the Company not
acknowledged as debts in respect of
Income Tax Demands for the Assessment
Years 2008-09 & 2009-10 Company
has appealed against orders raised the
demands. (Net of payments made under protest) 26,24,5312 6,24,531
c. Estimated amount of contracts, remaining
to be executed on Capital account and
not provided for (net of advance) Nil Nil
1.2 Program / Film rights etc., for broadcasting are intangible assets
as defined in Accounting Standard  26 but considered and shown under
current assets as are under for broad casting in ordinary course of
business.
1.3 During the year under review the company is engaged in one segment
only ie., media & entertainment sector. Hence segment reporting as per
Accounting Standard  17 "Segmental Reporting "is not applicable to the
company.
1.4 The additional information required under Para 5 of Part II of
revised Schedule VI is not applicable to the company at present.
1.5 Balance of debtors, loans and advances and creditors are subject
to reconciliation and confirmation.
1.6 Figures of the previous year have been re-grouped/re-cast wherever
necessary to conform to the current year''s presentation/classification.
1.7 Figures are rounded off to the nearest rupee.
Mar 31, 2013
1.1 Commitments/ Contingent Liabilities :
As at As at
S.No Particulars 31.03.2013 31,03.2012
a. Commitments/ Contingent Liabilities Nil Nil
b. Claims against the Company not
acknowledged as debts in respect of
Income Tax Demands for the Assessment
Years 2008-09 & 2009-10 Company
has appealed against orders raised
the demands. (Net of payments made
under protest) 26,24,531 30,24,531
c. Estimated amount of contracts,
remaining to be executed on Capital
account and not provided for
(net of advance) Nil Nil
1.2 Program / Film rights etc., for broadcasting are intangible assets
as defined in Accounting Standard - 26 but considered and shown under
current assets as are under for broad casting in ordinary course of
business.
1.3 During the year under review the company is engaged in one segment
only ie., media & entertainment sector. Hence segment reporting as per
Accounting Standard - 17 "Segmental Reporting "is not applicable to the
company.
1.4 The additional information required under Para 5 of Part II of
revised Schedule VI is not applicable to the company at present.
1.5 Balance of debtors, loans and advances and creditors are subject
to reconciliation and confirmation.
1.6 Figures of the previous year have been re-grouped/re-cast wherever
necessary to conform to the current year''s presentation/classification.
1.7 Figures are rounded off to the nearest rupee.
Mar 31, 2012
Notes forming part of the financial statements
For the
year ended For the
year ended
Other Disclosures
31 March, 2012 31 March, 2011
a Contingent
liabilities & Commitments Rs. Rs.
(to the extend not
provided for) Nil Nil
b Amount of proposed dividend to Equity share holders Nil 5,465,000
Mar 31, 2011
1. Vehicle loans are secured against hypothecation of Vehicles.
2. Program/film rights etc. for broadcasting are intangible assets as
defined in AS - 26 but considered and shown under current assets as are
used for broadcasting in the ordinary course of business.
3. Balances of Debtors, loans & advances and creditors are subject to
reconciliation / confirmation with the respective parties.
4. The Company has no dues to Micro and Small Enterprises during the
period ended March 31, 2011, on the basis of information provided by
the parties and available on record.
5. Deferred Tax
The accumulated deferred tax liability as on March 31, 2011 has been
recognized with a corresponding charge to the Profit and Loss account.
The accumulated Deferred Tax liability on Written down value of assets
as of March 31, 2011 is Rs. 43,12,014/-
6. Segment Reporting:
During the period under review the company is engaged in one segment
only i.e. Media & Entertainment sector. Hence segment reporting as per
Accounting Standard is not applicable for the Period.
7. Related party disclosure under Accounting Standard (AS: 18)
Name of the Concern M/s.Siri Media Private Limited
Nature of Transaction Distribution of Films
Distribution advance
received from M/s Siri
Media Private Limited Rs.5,79,64,522/-
Name of the Concern M/s. DGA Telefilms
Nature of Transaction Serial making contract
Amount payable as on Rs. 13,55,978/-
31-03-11 :
Sitting fee paid to
the Directors Rs. 16,000/-
8. Managerial Remuneration paid or payable during the Period- Rs.
7,35,589/-
9. Foreign Exchange earnings and outgo- NIL
10. CIF Value of Imports : NIL
11. Pending capital commitments as on 31st March2011 -NIL
12. Contingent Liabilities : NIL
13. Previous year figures have been regrouped/ re-arranged wherever
necessary.
14. Paisa has been rounded off to nearest rupee.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article