Mar 31, 2014
1. Terms/rights attached equity shares
The Company has only One class of Equity Share having a par value of
Rs.10 per share. Each holder of Equity Shares is entitled to One vote
per share. In the event of Liquidation of the company, the holder of
Equity shares will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
2. CONTINGENT LIABILITIES TO THE EXTENT NOT PROVIDED FOR :
As at As at
Particulars March 31, 2014 March 31, 2013
Bond in favour of The President of
India for purpose of import and/or
sourcing of Capital goods
indigenously for the operations of
the Company without payment of
Customs duty and/or Central Excise 1,194,000.00 1,194,000.00
3. Deferred Income Tax
On the basis of prudence, no recognition of the Deferred Tax Assets of
Rs. 2,99,258 (P.Y. 12,39,521/-) for the accumulated losses has been
made, as the realisation of the said assets is not virtually certain.
4. Company has changed its name on 17th December, 2009 from Softbpo
Global Services Ltd to IDream Film Infrastructure Company Limited which
would signify and indicate the group who has acquired the management
control of the Company.
5. It may be noted that the IDream Film Infrastructure Company Limited
has incurred losses in the past years and current year. The accumulated
losses exceed its net worth at the balance sheet date resulting in
negative net worth. However the accounts are prepared on going concern
basis in view of undertaking from its Holding company for continuous
financial support and proposed Rights issue.
6. There is no business activity in current year in the company, hence
there is no reporting segment as per AS-17.
7. Related Party Disclosures:
I Names of the Related Parties and description of Relationship
a) Key Management Personnel b) Subsidiary Company
Mr. Vidhyut Jain AHA Parks Ltd.
(Formerly known as Valuable Advisors
Mr. Samir Patil Ltd.)
Mr. Suri Gopalan d) Associate Company
c) Holding Company Smaaash Entertainment Private Limited
(Formerly known as IDream Mediasphere
AHA Holdings Pvt. Ltd. Pvt. Ltd)
(formerly known as IDream
Holdings Pvt Ltd)
8. Trade Payables and Loans and Advances are subject to confirmation
and reconciliation, if any.
9. In terms of Section 22 of Micro, Small and Medium Enterprises
Development Act, 2006 the outstanding to these enterprises are required
to be disclosed. However, these enterprises are required to be
registered under the Act. In the absence of information about
registration of the enterprise under the above Act, the required
information could not be furnished. In view of above and in absence of
relevant information the Auditors have relied upon the same.
10. The company has invested Rs. 5,00,000 in equity shares of its
wholly owned subsidiary AHA Parks Private Limited and also given a loan
of Rs. 2,48,60,966 to its subsidiary. Networth of the subsidiary
company has been fully eroded therefore the Company has made provision
for the above totalling to Rs. 2,53,60,966.
11. There were no employees in the Company, hence no provision has been
made for Gratuity and Leave Encashment.
12. Previous year''s figures have been regrouped/recast wherever
necessary.
13. Figures are rounded off to the nearest of Rupee.
Mar 31, 2013
1 Company has changed its name on 1741 December, 2009 from Softbpo
Global Services Ltd to IDream Film Infrastructure Company Limited which
would signify and indicate the group who has acquired the management
control of the Company.
2 It may be noted that the IDream Film Infrastructure Company Limited
has incurred losses in the past years and current year. The accumulated
losses exceed its net worth at the balance sheet date resulting in
negative net worth. However the accounts are prepared on going concern
basis in view of undertaking from its Holding company for continuous
financial support and proposed Rights issue.
3 There is no business activity in current year in the company, hence
there is no reporting segment as per AS-17.
4 Related Party Disclosures:
I Names of the Related Parties and description of Relationship
a) Key Management Personnel
Mr. Vidhyut Jain
Mr. Samir Patil
Mr. Rajiv Chawla
Mr. Suri Gopalan
Mr. Atul Doshi (upto 22.01.13)
b) Holding Company
AHA Holdings Pvt. Ltd. (formerly known as IDream Holdings Pvt Ltd)
c) Subsidiary Company
AHA Parks Ltd.
(Formerly known as Valuable Advisors Ltd.)
d) Associate Company
Smaaash Entertainment Private Limited (Formerly known as IDream
Mediasphere Pvt. Ltd)
5 Trade Payables and Loans and Advances are subject to confirmation and
reconciliation, if any.
6 In terms of Section 22 of Micro, Small and Medium Enterprises
Development Act, 2006 the outstanding to these enterprises are required
to be disclosed. However, these enterprises are required to be
registered under the Act. In the absence of information about
registration of the enterprise under the above Act, the required
information could not be furnished. In view of above and in absence of
relevant information the Auditors have relied upon the same.
7 At the end of the year, there were no employees in the Company, hence
no provision has been made for Gratuity and Leave Encashment.
8 Previous year''s figures have been regrouped/recast wherever
necessary.
9 Figures are rounded off to the nearest of Rupee.
Mar 31, 2012
A. Terms/rights attached equity shares
The Company has only One class of Equity Share having a par value of
Rs. 10 per share. Each holder of Equity Shares is entitled to One vote
per share. In the event of Liquidation of the Company, the holder of
Equity shares will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
Note 1: Loan given to Subsidiary is interest free and recallable at any
time
Note 2: In the opinion of the board, the Current Assets, Loans and
Advances are approximately of the value stated, if realized in the
ordinary course of business. The provision for all known Liabilities
and for Depreciation is adequate and not in excess of the amount
reasonably necessary.
1(1)CONTINGENT LIABILITIES TO THE EXTENT NOT PROVIDED FOR :
(Rupees)
Particulars As at As at
31.3.2012 31.3.2011
Bond in favour of The President of
India for purpose of import and/or
sourcing of Capital goods indigenously
for the operations of the Company
without payment of Customs duty and/or
Central Excise 1,194,000 1,194,000
1(2) DEFERRED INCOME TAX
On the basis of prudence, no recognition of the Deferred Tax Assets of
Rs. 1,67,368 (P.Y. Rs.1,67,368) for the accumulated losses has been
made, as the realisation of the said assets is not virtually certain.
NOTE 3 OTHER NOTES TO THE ACCOUNTS
1 Company has changed its name on 1741 December, 2009 from Softbpo
Global Services Ltd to IDream Film Infrastructure Company Limited which
would signifies and indicate the group who has acquired the management
control of the Company.
2 It may be noted that the IDream Film Infrastructure Company Limited
has incurred losses in the past years and current year. The accumulated
losses exceed its net worth at the balance sheet date resulting in
negative net worth. However the accounts are prepared on going concern
basis in view of undertaking from its Holding company for continuous
financial support and proposed Rights issue.
3 There is no business activity in current year in the Company, hence
there is no reporting segment as per AS-17.
4 Related Party Disclosures:
I Names of the related parties and description of Relationship
a) Key Management Personnel
Mr. Ashish Bhatnagar (resigned on 02/07/2011)
Mr. Atul Doshi
Mr. Vidhyut Jain
Mr. Samir Patil (Appointed on 02/07/2011)
Mr. Pramod Krishna (Appointed on 12/08/2011 and Resigned on 18/2/2012)
Mr. Suri Gopalan (Appointed on 12/08/2011)
Mr. Rajiv Chawla (Appointed on 12/08/2011)
b) Holding Company
AHA Holdings Pvt. Ltd. (formerly known as IDream Holdings Pvt Ltd)
c) Subsidiary Company
AHA Parks Ltd. (Formerly known as Valuable Advisors Ltd.)
Note:
1) Related parties are being recognised / identified by the management
and relied upon by the auditors.
2) Previous Year's figures are given in bracket.
4 Creditors and Loans and Advances are subject to confirmation and
reconciliation, if any.
5 In terms of Section 22 of Micro, Small and Medium Enterprises
Development Act, 2006 the outstanding to these enterprises are required
to be disclosed. However, these enterprises are required to be
registered under the Act. In the absence of information about
registration of the enterprise under the above Act, the required
information could not be furnished. In view of above and in absence of
relevant information the Auditors have relied upon the same.
6 At the end of the year, there were no employees in the Company, hence
no provision has been made for Gratuity and Leave Encashment.
7 Previous year's figures have been regrouped/recast wherever
necessary.
8 Figures are rounded off to the nearest of Rupee.
Mar 31, 2010
1 Company name did not provide proper identity with respect to the new
promoters of the Company. So Company has changed its name on 17th
December, 2009 from Softbpo Global Services Ltd to IDream Film
Infrastructure Company Limited which would signify and indicate the
group who has acquired the management control of the Company.
2 Contingent liabilities to the extent not
provided for: 31/3/2010 31/3/2009
Bond in favour of The President of India for
purpose of import and/or Rs. Rs.
sourcing of Capital goods indigenously for
the operations of the Company without payment
of Customs duty and/or Central Excise 1,194,000 1,194,000
3 Loan given to Subsidiary is interest free and there is no scheduled
payment for the same.
4 Deferred Income Tax
On the basis of prudence, no recognition of the Deferred Tax Assets of
Rs.9,17,711( P.Y. Rs. 5,91,171) for the accumulated losses has been
made, as the realisation of the said assets is not virtually certain
5 In the opinion of the board, the Current Assets, Loans and Advances
are approximately of the value stated, if realized in the ordinary
course of business. The provision for all Known Liabilities and for
Depreciation is adequate and not in excess of the amount reasonably
necessary.
6 Additional information as required pursuant to the provisions of
paragraphs 3,4C and D of Part II and Part IV of schedule VI of the
Companies Act, 1956 cannot be furnished as the company has not engaged
in any services during the year.
7 Debtors, Creditors and Loans and Advances are subject to
confirmation and reconciliation, if any.
8 In terms of Section 22 of Micro, Small and Medium Enterprises
Development Act, 2006 the outstanding to these enterprises are required
to be disclosed. However, these enterprises are required to be
registered under the Act. hi the absence of information about
registration of the enterprise under the above Act, the required
information could not be furnished. In view of above and in absence of
relevant in formation the Auditors have relied upon the same
9 At the end of the year there were no employees in the Company, hence
no provision has been made for Gratuity and Leave Encashment.
10 Previous years figures have been regrouped/recast wherever
necessary.
11 Figures are rounded off to the nearest of Rupee.
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