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Notes to Accounts of Zinema Media and Entertainment Ltd.

Mar 31, 2023

PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a
result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are disclosed when the
company has possible obligation or a present obligation and it is probable that a cash flow will not be required to settle the
obligation. Contingent Assets are neither recognized nor disclosed in the financial statements.

i. INVESTMENTS:

Investments that are readily realizable and intended to be held for not more than one year, are classified as current investments.
All other investments are classified as long-term investments.

Current Investments are stated at lower of cost or market rate on individual investment basis. Long Term Investments are
considered "at cost", unless there is other than temporary decline in value thereof, in which case, adequate provision is made
against such diminution in the value of investments.

j. EMPLOYEE BENEFITS:(i) Gratuity:

The liability for gratuity has not been provided as per the provisions of Payment of Gratuity Act, 1972 since no employee
of the company is eligible for such benefits during the year.

(ii) Provident Fund:

The provisions of the Employees Provident Fund are not applicable to the company since the number of employees
employed during the year were less than the minimum prescribed for the benefits.

(iii) Leave Salary:

In respect of Leave Salary, the same is accounted as and when the liability arises in accordance with the provision of law
governing the establishment.

k. IMPAIRMENT OF ASSETS:

As at Balance Sheet Date, the carrying amount of assets is tested for impairment so as to determine:

a. Provision for Impairment Loss, if any, required or

b. The reversal, if any, required of impairment loss recognized in previous periods.

Impairment Loss is recognized when the carrying amount of an asset exceeds its recoverable amount.

l. BORROWING COST:

Borrowing cost attributable to the acquisition or construction of qualifying assets are capitalized as a part of such assets. All
other borrowing costs are charged off to revenue.

A qualifying asset is an asset that necessarily requires a substantial period of time to get ready for its intended use or sale.

m. DEFERRED REVENUE EXPENDITURE:

Miscellaneous Expenditure are written off uniformly over a period of 5 years.

n. INCOME TAX:

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized,
subject to the prudence, of timing differences, being the difference between taxable incomes and accounting income that originate
in one period and are capable of reversal in one or more periods. Deferred tax assets is not recognized unless there is a virtual
certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.


Mar 31, 2015

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.

1. CONTINGENT LIABILITIES & COMMITMENTS : NIL

2. ADDITIONAL INFORMATION DISCLOSED AS PER PART II OF THE COMPANIES ACT, 2013 : NIL

3. SEGMENT REPORTING

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. RELATED PARTY TRANSACTIONS (SECTION 188 OF THE COMPANIES ACT, 2013):

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:

List of related parties where control exists and related parties with whom transactions have taken place and relationships:

Name of the Related Party Relationship

1. CKM Homecare Solutions Private Limited Wholly Owned Subsidiary

2. Kesavan Suresh Kumar Key Management Personnel

6. 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.

7. PREVIOUS YEAR'S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO CONFORM TO CURRENT PERIOD'S CLASSIFICATION.

8. CONSEQUENT TO THE ENACTMENT OF THE COMPANIES ACT, 2013 (THE ACT) AND ITS APPLICABILITY FOR ACCOUNITNG 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 HIGHER BY RS. 55,546/-, HAD THE COMPANY CONTINUED WITH THE PREVIOUS ASSESSMENT OF USEFUL LIFE OF SUCH ASSETS.


Mar 31, 2014

1 Contingent Liabilities & Commitments :

Particulars March 31,2014 March 31, 2013

(A) Contingent Liabilities

(i) Claims against the company not acknowledged as debts NIL NIL

(ii) Guarantees NIL NIL

(iii) Other money for which the company is contingently liable NIL NIL

Total (A) NIL NIL

(B) Commitments

(i) Estimated amount of contracts remaining to be executed on capital 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 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

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.

4 Previous year''s figures have been regrouped wherever necessary to conform to current period''s classification.

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