Notes to Accounts of Unistar Multimedia Ltd.

Mar 31, 2014

1. Figures have been rounded off to the nearest rupee, wherever required.

2. Accounting standards as prescribed have been followed & reported wherever applicable.

3. In the Opinion of the Board the current assets, loans and advances will fetch the amounts stated, if realized in the ordinary course of business.

4. a) According to management, Company has not given any guarantee on behalf of the Directors or other officers.

5. The Company has not received information from vendors/suppliers regarding their status under the " Micro , Small & Medium Enterprises Act, 2006" and hence disclosure relating to amount unpaid for the period end together with interest paid or payable under this Act has not been given.

6. According to management, No litigations are filed against or pending against the Company. Company does not have any present obligation arising out of any past event. Hence no provision arises or is made for contingent liabilities.

7. Previous Year''s figures have been regrouped / reclassified wherever considered necessary to make them compa- rable with the current year figures.

8. Earning Per Share (on Face Value of Rs.10/- each)

In determining the Earnings Per share, the company considers the net profit after tax which includes any post tax effect of any extraordinary / exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period.

The number of shares used in computing Diluted earnings per share comprises the weighted average number of shares considered for computing Basic Earnings per share and also the weighted number of equity shares that would have been issued on conversion of all potentially dilutive shares.

In the event of issue of bonus shares, or share split the number of equity shares outstanding is increased without an increase in the resources. The number of Equity shares outstanding before the event is adjusted for the proportion- ate change in the number of equity shares outstanding as if the event had occurred at the beginning of the earliest period reported.

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Mar 31, 2013

(1) In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and that no contingent liability exists as on the Balance Sheet date except those as mentioned in the Notes.

(2) The balance of Sundry Debtors, Sundry Creditors, loans and advances and unsecured loans are subject to confirmation and reconciliation, if any.

(3) No Managerial remuneration, Sitting Fee for attending Board Meetings paid/ payable to whole time/Managing Director during the year (previous year Rs. NIL).

(4) Provision for income tax has not been made in view of book loss during the year.

(5) Dispute is going on for Flat Advance deposit given of Rs.30 Lacs to Sunil Mantri Realty Pvt. Ltd. but management is of high opinion that they will be able to recover the same.

(6) The figures of the previous year have been reworked, regrouped, rearranged and reclassified wherever deemed necessary to compare the figures of the current year.

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Mar 31, 2012

(1) In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and that no contingent liability exists as on die Balance Sheet date except those as mentioned in the Notes.

(2) The balance of Sundry Debtors, Sundry Creditors, loans and advances and unsecured loans are subject to confirmation and reconciliation, if any.

(3) No Managerial remuneration, Sitting Fee for attending Board Meetings paid/ payable to whole time/Managing Director during the year (previous year Rs. NIL).

(4) Amount paid/payable to auditors FY 2011 -12 (i) As Statutory Auditors Rs. 16,854/-

(i) As Tax Auditors Rs. Nil /-

(ii) As Adviser or any other capacity Rs. NIL

(5) Provision for income tax has not been made in view of book loss during the year.

(6) The figures of the previous year have been reworked, regrouped, rearranged and reclassified wherever deemed necessary to compare the figures of the current year.

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Mar 31, 2009

(1) In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and that no contingent liability exists as on the Balance sheet date except those as mentioned in the Notes.

(2) The provisions of payment of Gratuity Act, 1972, Miscellaneous Provisions Act, 1952, Payment of Bonus Act, 1965 and Employees State Insurance Act, 1948 are presently not applicable to the company.

(3) The balance of Sundry Debtors, Sundry Creditors, loans and advances and unsecured loans are subject to confirmation and reconciliation, if any

(4) No Managerial remuneration, Sitting Fee for attending Board Meetings paid/payable to whole time/ Managerial Director during the year (previous year Rs. Nil).

(5) Provision for income tax has not been made in view of book loss during the year.

(6) There was no transaction with related parties as required to be disclosed pursuant to AS -18 issued by ICAI.

(7) The figures of the previous year have been reworked, regrouped, rearranged and reclassified wherever deemed necessary to compare the figures of the current year.

The figures of Fixed Assets schedule - C is has been prepared and shown after rounded off the paisa to the nearest rupee.

(8) Schedule A to I form integral part of the accounts and have been duly authenticated.

(9)The Accounting Standard 28 issued by the ICAI on Impairment of Assets became Mandatory w.e.f April, 2004. However on a conversative basis, the company has not recognized the impairment of assets during the year.