Mar 31, 2014
NOTE 1: Notes to the Balance Sheet
(b) The Share Capital of the Company is divided into 13,00,11,000
Equity shares of Rs.1/- each with an Authorised Share Capital of
16,00,00,000 Equity shares of Rs. 1/- each. There has been no change in
the capital structure of the Company during the period under review.
NOTE 2: Other Notes
1. Background of the Company
Additional Information required to be given pursuant to Part II of
Schedule VI to the Companies Act, 1956 is as follows : The Company is
in business of production, distribution, selling and exhibition of
movies / animation / entertainment / software etc. Which are not
subject to any license and as such information regarding consumption of
raw materials, production and sales is not applicable. Further the
nature of business of the Company is such that the installed capacity
is not quantifiable.
2. Previous Year''s Figures
The Revised Schedule VI has become effective from 1st April, 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year''s figures have been regrouped / reclassified
wherever necessary to correspond with the current year''s classification
/ disclosure.
3. Related Party Disclosure
a. Details of Related Parties
Description of Relationship Name of Related Parties
Key Management Personnel Apurva M. Shah*
Relative of Key Management Personnel Ashni Shah
Relative of Key Management Personnel Bhavna M. Shah
Relative of Key Management Personnel Manish L Shah
Relative of Key Management Personnel Manish L Shah HUF
Relative of Key Management Personnel Lalitchandra Shah
Relative of Key Management Personnel Sumitra L. Shah
* Mr. Apurva M. Shah has been resigned from the directorship wef. 6th
February, 2014.
Mar 31, 2013
1. Background of the Company
Additional Information required to be given pursuant to Part II of
Schedule VI to the Companies Act, 1956 is as follows:
The Company is in business of production, distribution, selling and
exhibition of movies/animation/entertainment/software etc. Which are
not subject to any license and as such information regarding
consumption of raw materials, production and sales is not applicable.
Further the nature of business of the Company is such that the
installed capacity is not quantifiable.
2. Previous Year''s Figures
The Revised Schedule VI has become effective from 1 April, 2011 for the
preparation of financial statements. This has significantly impacted
the disclosure and presentation made in the financial statements.
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2011
1. The Company had given advances to parties for various business
activities which are not completed till date. Hence, no interest is
charged on such advances given.
2. Balances of Sundry Debtors, Sundry Creditors, advances given to
various parties and Advances recoverable in cash or kind are as per
books and are subject to confirmations and reconciliation, if any.
3. The Demand Cash Credit (Working Capital Facility) from State Bank
of India referred in schedule 'B' of the Balance Sheet is secured
by:
(i) Primarily by hypothecation of all the stocks, book debts and rights
of film being produced and
(ii) Equitable Mortgage of a Building at Dadar (West), Mumbai and a
Building at Tardeo, Mumbai both owned by the promoter and their
relatives / friends as Collateral Security and
(iii) Promoter has pledged 12,50,000 nos. of shares of the Company as
Collateral Security and
(iv) Personal guarantee of the Managing Director Mr. Apurva Shah.
4. Additional Information required to be given pursuant to Part II of
Schedule VI to the Companies Act, 1956 is as follows:
The Company is in business of production, distribution, selling and
exhibition of movies/ animation/ entertainment/ software etc. Which are
not subject to any license and as such information regarding
consumption of raw materials, production and sales is not applicable.
Further the nature of business of the Company is such that the
installed capacity is not quantifiable.
5. Segment Reporting:
The entire operation of the Company relates to only one segment viz.
Software and Entertainment. As such, there is no separate reportable
segment under Accounting Standards- AS 17 on Segment Reporting.
6. There are no outstanding dues of Micro and Small Enterprises
suppliers as defined under The Micro, Small and Medium Enterprises
Development Act, 2006.
7. There is no contingent liability during the year.
8. Previous year's figures have been regrouped wherever necessary
to make them comparable with those of current years.