Mar 31, 2015
1. CONTINGENT LIABILITIES & COMMITMENTS : NIL
2. IPO DETAILS : The Company has raised an IPO during the financial
year 2013-14. The Details are given below:
Issue Open May 17, 2013 - May 21, 2013
Issue Type Fixed Price Issue IPO
Issue Size 2,000,000 Equity Shares of Rs. 10 each
Issue Size Rs. 280.00 Lacs
Face value Rs. 10 per Equity Share
Issue Price Rs. 14 per Equity Share
Market Lot 10,000 Equity Shares
Listing at BSE - SME
3. SEGMENT REPORTING
The company is primarily engaged in the single business of Media &
Event Management and there is no reportable secondary segment i.e.
geographical segment. Hence, the disclosure requirement of Accounting
Standard-17 "Segment Reporting" as notified by Companies (Accounting
Standards) Rules, 2006 (as amended) is not applicable.
4. AMOUNT DUE FROM DIRECTORS/PARTIES/ COMPANIES IN WHICH DIRECTORS ARE
INTERESTED, IN TERMS OF SECTION 185 OF THE COMPANIES ACT, 2013 : NIL
5. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO
CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE,
THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
6. PREVIOUS YEAR'S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO
CONFORM TO CURRENT PERIOD'S CLASSIFICATION.
7. CONSEQUENT TO THE ENACTMENT OF THE COMPANIES ACT, 2013 (THE ACT)
AND ITS APPLICABILITY FOR ACCOUNTING PERIODS COMMENCING FROM 1ST APRIL
2014, THE COMPANY HAS REASSESSED THE REMAINING USEFUL LIFE OF FIXED
ASSETS IN ACCORDANCE WITH THE PROVISIONS PRESCRIBED UNDER SCHEDULE II
TO THE ACT. THERE ARE NO ASSETS WHICH HAVE COMPLETED THEIR USEFUL LIFE.
IN CASE OF OTHER ASSETS, THE CARRYING VALUE (NET OF RESIDUAL VALUE) IS
BEING DEPRECIATED OVER THE REVISED REMAINING USEFUL LIFE. THE
DEPRECIATION AND AMORTIZATION EXPENSES CHARGED FOR YEAR ENDED WOULD
HAVE BEEN LOWER BY RS. 42,946/-, HAD THE COMPANY CONTINUED WITH THE
PREVIOUS ASSESSMENT OF USEFUL LIFE OF SUCH ASSETS.
Mar 31, 2014
1. The company has one class of Equity shares having a par value of Rs.
10/- each. Each shareholder is eligible to one vote per share held.
In the Event of Liquidation of the Company, the holders of the 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 & COMMITMENTS : NIL
3. SEGMENT REPORTING
The company is primarily engaged in the single business of Media &
Event Management and there is no reportable secondary segment i.e.
geographical segment. Hence, the disclosure requirement of Accounting
Standard-17 "Segment Reporting" as notified by Companies (Accounting
Standards) Rules, 2006 (as amended) is not applicable.
4. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO
CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE,
THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
5. PREVIOUS YEAR''S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO
CONFORM TO CURRENT PERIOD''S CLASSIFICATION.
Mar 31, 2013
1. Contingent Liabilities & Commitments:
Particulars March 31, 2013 March 31, 2012
(A) Contingent Liabilities
(i) Claims against the company
not acknowledged as debts NIL NIL
(ii) Guarantees
(iii) Other money for which the
company is contingently liable
Total (A) NIL NIL
(B) Commitments
(i) Estimated amount of contracts
remaining to be executed on capital NIL NIL
account and not provided for
(ii) Un-called liability on shares
and other investments partly paid NIL NIL
(iii) Other commitments NIL NIL
Total (B) NIL NIL
Total [(A) (B)] NIL NIL
2. Segment Reporting
The company is primarily engaged in the single business of Media &
Event Mangement and there is no reportable secondary segment i.e.
geographical segment. Hence, the disclosure requirement of Accounting
Standard-17 "Segment Reporting" as notified by Companies (Accounting
Standards) Rules, 2006 (as amended) is not applicable.
3. Amount due from/ to company/ firm in which Directors are Interested
: NIL
4. During the period, the company has entered into a Royalty Agreement
with M/s. Saraa Media Works Private Limited where Mr. B. Sathya
Prakash, Independent Director of the company, is also the Promoter
Director in M/s. Saraa Media Private Limited, for the marketing of
television/film contents owned by Saraa Media all over the world. The
company has made a security deposit of Rs. 25 lakhs against the same
agreement.
Also, the company has entered into a Media Agreement with Mrs. Mala
Jhunjhunwala who is a relative of the director Mr. Kishan Kumar
Jhunjhunwala. The company has made an advance of Rs. 12 lakhs against
the same agreement.
Confirmation of balances/reconciliation of accounts pertaining to
certain advances/creditors/debtors is pending as at period end. Hence,
the balances have been adopted as per the books of accounts.
5. Previous year''s figures have been regrouped wherever necessary to
conform to current period''s classification.