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Directors Report of Unistar Multimedia Ltd.

Mar 31, 2014

Dear Members,

The directors have pleasure in presenting the 23rd Annual Report of the Company along with Audited Financial Results for the year ended 31st March 2014

1. FINANCIAL HIGHLIGHTS -

The working results of the company for the year stand as under

Amount In Rupees For the Year For the Year ended 31st March ended 31st March 2014 2013

Turnover NIL NIL

Other Income 4,349 90,313

Profit /Loss Before Tax (24,04,208) (2,22,847)

Profit /Loss After Tax (24,03,960) (2,22,296)

Appropriation out of Profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance carried to Balance sheet (24,03,960) (2,22,296)

2. CORPORATE GOVERNANCE

Report on Corporate Governance along with Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In view of Loss in business, directors do not recommend any dividend during the year under review.

4. MANAGEMENT DISCUSSION & ANALYSIS REPORT

Separate Management''s Discussion & Analysis Report, which is enclosed, forms part of this report. being eligible offer themselves for reappointment.

5. DIRECTORS

In accordance with the provision of the Companies Act, 1956 and Companies 2013 the Articles of Association of the Company, Directors who retired by rotation at this Annual General Meeting being eligible offer themselves for reappointment.

6. AUDITORS

M/s. Dhruvaprakash & Co., Chartered Accountants were appointed as Statutory Auditor of the Company to hold office till the conclusion of this AGM & are recommended for re-appointment till next AGM.

7. DIRECTORS RESPONSIBILITY STATEMENT

Directors State: -

Pursuant to the requirement of Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Re- sponsibility Statement, the Directors hereby confirm that:-

1) In the preparation of the annual accounts for the year ended March 31, 2014, the applicable Accounting Standards have been followed and proper explanations were provided for material departures.

2) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the end of the financial year and of the profit and loss of the Company for that period.

3) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4) The Directors had prepared the annual accounts for the financial year ended March 31, 2014, on a going concern basis.

8. PUBLIC DEPOSIT

During the year 2013-14 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

Your Directors'' would like to place on record their deep appreciation of all employees for dedicated and sincere services rendered by them.

The Statement of employees required under Section 217(2A) of the Companies Act, 1956 read with the Compa- nies (Particulars of Employees) Amendment Rules, 1975 is not annexed, as there is no employee drawing salary exceeding the present limits as provided under the Act i.e. drawing monthly remuneration exceeding Five Lakh Rupees and annual remuneration exceeding Sixty Lakh Rupees.

10. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Company''s earnings in Foreign Exchange are to the tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record their sincere appreciation for the encouragement and co-operation re- ceived by the company from the bankers, government authorities, Securities & Exchange Board of India. Direc- tors also wish to place on record their deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement. FOR & ON BEHALF OF THE BOARD FOR UNISTAR MULTIMEDIA LIMITED

Sd/- PLACE : MUMBAI SHRI SHAILEN SHAH DATE : 02/09/2014 (DIRECTOR)


Mar 31, 2009

The directors have pleasure in presenting the 18th Annual Report of the Company alongwith Audited Financial Results for the year ended 31st March 2009.

1. FINANCIAL HIGHLIGHTS -

The working results of the company for the year stand as under

(Amount in Rs) For the year ended For the year ended

31st March 2009 31st March 2008

Turnover 0 0

Other Income 627552 293926

Profit (Loss) before Tax 388298 135358

Profit Loss after Tax 384065 135220

Appropriation out of profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance Carried to Balance Sheet (4561795) (4959708)

2. CORPORATE GOVERNANCE

Report on Corporate Governance along with Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In order to conserve future resources, directors do not recommend any dividend during the year under review.

4. MANAGEMENT DISCUSSION & ANALYSISI REPORT

Separate Managements Discussion & Analysis Report, which is enclosed, forms part of this report.

5. DIRECTORS

In accordance with the provision of the Companies Act, 1956 and the Articles of Association of the Company, Directors who retired by rotation at this Annual General Meeting being eligible offer themselves for reappointment.

6. AUDITORS

M/s. P D Agrawal & Co., Chartered Accountants, Kanpur who were appointed as Statutory Auditors of the Company at the last AGM will hold office till the conclusion of this Annual General Meeting and being eligible are recommended for Reappointment.

7. DIRECTORS RESPONSIBILITY STATEMENT

Directors State: -

(1) That in preparation of annual accounts the applicable accounting standards have been followed along with proper explanation relating to material departures.

(2) That they have selected such accounting policies & applied them consistently & made judgements & estimates that are reasonable & prudent so as to give a true & fair view of the state of affairs of company at the end of financial year & of profit & Loss Account of the company for that period.

(3) That they have taken proper care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the company and for preventing & detecting fraud & irregularities.

(4) That they have prepared the annual accounting on going concern basis.

8. PUBLIC DEPOSIT

During the year 2008-09 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

The particulars that are required under section 217 (2A) of the Companies Act, 1956 are not applicable to the Company.

10. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Companys earnings in Foreign Exchange are to the tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record their sincere appreciation for the encouragement and co-operation received by the company from the bankers, government authorities, Securities & Exchange Board of India. Directors also wish to place on record their deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement.



FOR & ON BEHALF OF THE BOARD

FOR UNISTAR MULTIMEDIA LIMITED

Sd/-

PLACE : MUMBAI SHRI SHAILEN SHAH

DATE: 30/8/2009 (DIRECTOR)







 
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