Notes to Accounts of Warner Multimedia Ltd.

Mar 31, 2014

1. The Company has provided Depreciation Fixed Assets i.e. Office Equipments.

2. The Reserve Bank of India has rejected renewal application of the Company as NBFC.

Disclosures in terms of Accounting Standards (AS 29) Provisions, Contingent Liabilities and Contingent Assets issued by the Institute of Chartered Accountants of India:

3. The Company has not made provisions for non-performing assets as per prudential norms prescribed by Reserve Bank of India.

4. The Company has valued the Investments at cost against the cost or Market value of each of scrip individually as recommended by accounting standard issued by the Institute of Chartered Accountants of India. As a value of invest has been shown higher.

5. The Company has made no provision for interest accrued amounting to in respect of fixed deposits and unsecured Loans and no provision for interest Secured Loan from Rural Electrification Corporation during the year.

6. In our opinion of the Board of Directors, Currents Assets, Loans & Advances have a value on the realization in the ordinary course of business at cost equal to amount what has been in the Balance Sheet.

7. Certain Debit and credit balances including Sundry debtors and Creditors, Bank balances and Advances are subject to confirmation and consequential reconciliation thereof.

8. Segment Report

The Company has operated only in a segment during the year thus Segmental Report is not applicable for the year under review.

9. Company has recorded the cumulative net deferred tax liabilities of Rs. 1,62,42,359/- since 31st March 2003, which has been debited to Profit & Loss appropriation. Deferred tax adjustment for the year ended 31st March 2014 amount to Rs. Nil (Additional Provision required for deferred tax Liabilities accrued during the year.

10. Information required under part IV of the Companies Act has been given Annexure-I

11. The Company has operated in only one segment i. e. Finance and Investment, no segment wise report are applicable as required under AS-17 issued by ICAI.

12. Previous Years'' figures have been regrouped / rearranged wherever necessary as to make them comparable with figures of the year under consideration.

13. N ote "2" to "2.16" forms part of the balance Sheet and Profit & Loss Account.

Rights, preference and restrictions attached to Equity Shares

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.

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Mar 31, 2013

1. Estimated accounts of Capital Contracts remaining to be executed on Capital Account & not provided for : Rs. Nil

2. Earning / Expenditure in foreign Currency : Rs. Nil

3. The Company has provided Depreciation Fixed Assets i.e. Office Equipments.

4. The Reserve Bank of India has rejected renewal application of the Company as NBFC.

Disclosures in terms of Accounting Standards (AS 29) Provisions, Contingent Liabilities and Contingent Assets issued by the Institute of Chartered Accountants of India :

5. The Company has not made provisions for non-performing assets as per prudential norms prescribed by Reserve Bank of India.

6. The Company has valued the Investments at cost against the cost or Market value of each of scrip individually as recommended by accounting standard issued by the Institute of Chartered Accountants of India. As a value of invest has been shown higher.

7. The Company has made no provision for interest accrued amounting to in respect of fixed deposits and unsecured Loans and no provision for interest Secured Loan from Rural Electrification Corporation during the year.

8. In our opinion of the Board of Directors, Currents Assets, Loans & Advances have a value on the realization in the ordinary course of business at cost equal to amount what has been in the Balance Sheet.

iv. Transactions with the Party mentioned in a) above :- No Remuneration or other type of payment was being made to any of the above parties.

9. Segment Report

The Company has operated only in a segment during the year thus Segmental Report is not applicable for the year under review.

10. Company has recorded the cumulative net deferred tax liabilities of Rs. 1,62,42,359/- since 31st March 2003, which has been debited to Profit & Loss appropriation. Deferred tax adjustment for the year ended 31st March, 2013 amount to Rs. Nil (Additional Provision required for deferred tax Liabilities accrued during the year.

11. Information required under part IV of the Companies Act has been given Annexure - I

12. The Company has operated in only one segment i. e. Finance and Investment, no segment wise report are applicable as required under AS- 17 issued by ICAI.

13. Previous Years'' figures have been regrouped / rearranged wherever necessary as to make them comparable with figures of the year under consideration.

14. Note "2" to "2.16" forms part of the balance Sheet and Profit & Loss Account.

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Mar 31, 2012

1. Estimated accounts of Capital Contracts remaining to be executed on Capital Account & not provided for : Rs. Nil

2. Earning / Expenditure in foreign Currency : Rs. Nil

3. The Company has provided Depreciation on Office Equipments.

4. The Reserve Bank of India has rejected renewal application of the Company as NBFC.

Disclosures in terms of Accounting Standards (AS 29) Provisions, Contingent Liabilities and Contingent Assets issued by the Institute of Chartered Accountants of India :

5. The Company has not made provisions for non-performing assets as per prudential norms prescribed by Reserve Bank of India.

6. The Company has valued the Investments at cost against the cost or Market value of each of scrip individually as recommended by accounting standard issued by the Institute of Chartered Accountants of India. As a value of invest has been shown higher.

7. The Company has made no provision for interest accrued amounting to in respect of fixed deposits and unsecured Loans and no provision for interest Secured Loan from Rural Electrification Corporation during the year.

8. In our opinion of the Board of Directors, Currents Assets, Loans & Advances have a value on the realization in the ordinary course of business at cost equal to amount what has been in the Balance Sheet.

9. Certain Debit and credit balances including Sundry debtors and Creditors, Bank balances and Advances are subject to confirmation and consequential reconciliation thereof.

10. Related Party Disclosures

ii. Key Management Personnel & Relatives

Name of Related Party Nature of Relationship

Mr. Jagdish Prasad Purohit Chairman & Managing Director

Mr. Kailash Prasad Purohit Whole-time Director

iii. Enterprises in which above person has significant influence :-

Name of Related Party Nature of Relationship

Unisys Softwares & Holding Industries Ltd. Jagdish Prasad Purohit, M.D.

Kailash Prasad Purohit, Director

JMD Telefilms Industries Ltd. Jagdish Prasad Purohit, Director

Kailash Prasad Purohit, M.D.

Scan Infrastructure Ltd. Jagdish Prasad Purohit, M.D.

Kailash Prasad Purohit, Director

iv. Transactions with the Party mentioned in a) above :-

No Remuneration or other type of payment was being made to any of the above parties.

11. Segment Report

The Company has operated only in a segment during the year thus Segmental Report is not applicable for the year under review.

12. Company has recorded the cumulative net deferred tax liabilities of Rs. 1,62,42,359/- since 31st March 2003, which has been debited to Profit & Loss appropriation. Deferred tax adjustment for the year ended 31st March, 2012 amount to Rs. Nil (Additional Provision required for deferred tax Liabilities accrued during the year.

13. NBFC Companies

Information as required in terms of paragraph 13 of Non Banking Financial (Non Deposit accepting or holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in separate annexure.

14. Information required under part IV of the Companies Act has been given Annexure - I

15. Information pursuant to Paragraph 9BB of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 has been given in Annexure II.

16. The Company has operated in only one segment i. e. Finance and Investment, no segment wise report are applicable as required under AS- 17 issued by ICAI.

17. Previous Years' figures have been regrouped / rearranged wherever necessary as to make them comparable with figures of the year under consideration.

18 Note "2" to "2.16" forms part of the balance Sheet and Profit & Loss Account.

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Mar 31, 2010

1. Estimated accounts of Capital Contracts remaining to be executed on Capital Account & not provided for : Rs. NIL

2. Earning / Expenditure in foreign Currency : Rs. NIL

3. The Company has not provided Depreciation on Wind Power Project and Office Equipments.

4. The Reserve Bank of India has rejected renewal application of the Company as NBFC.

5. The Company has not made provisions for non-performing assets as per prudential norms prescribed by Reserve Bank of India.

6. The Company has valued the Investments at cost against the cost or Market value of each scrip individually as recommended by accounting standard issued by the Institute of Chartered Accountants of India. As a value of invest has been shown higher.

7. The Company has made no provision for interest accrued amounting to in respect of fixed deposits and unsecured Loans and no provision for interest Secured Loan from Rural Electrification Corporation during the year.

8. In our opinion of the Board of Directors, Currents Assets, Loans & Advances have a value on the realization in the ordinary course of business at cost equal to amount what has been in the Balance Sheet.

9. Certain Debit and credit balances including Sundry debtors and Creditors, Bank balances and Advances are subject to confirmation and consequential reconciliation thereof.

10. Related Party Disclosures

a) Key Management Personnel & Relatives

Name of Related Party Nature of Relationship

Mr. Jagdish Prasad Purohit Chairman & Managing Director

Mr. Kailash Prasad Purohit Whole-time Director

Mr. Dhruva Narayan Jha Director

Mrs. Saroj Devi Kothari Director



b) Enterprises in which above person has significant influence :-

Name of Related Party Nature of Relationship

Prime Capital Market Ltd. Jagdish Prasad Purohit, M.D.

c) Transactions with the Party mentioned in a) above :-

Sum of Rs. 69000/- has been paid to Mr. Dhruva Narayan Jha towards Directors sitting Fees. Apart from this, there is no transaction with any of above parties.

11. Segment Report

The Company has operated only in a segment during the year thus Segmental Report is not applicable for the year under review.

12. Company has recorded the cumulative net deferred tax liabilities of Rs. 1,62,42,359/- since 31st March 2003, which has been debited to Profit & Loss appropriation. Deferred tax adjustment for the year ended 31st March, 2010 amount to Rs. Nil (Additional Provision required for deferred tax Liabilities accrued during the year.

13. Information required under part IV of the Companies Act has been given Annexure - I

14. Information pursuant to Paragraph 9BB of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 has been given in Annexure II.

15. The Company has operated in only one segment i. e. Finance and Investment, no segment wise report are applicable as required under AS- 17 issued by ICAI.

16. Previous Years figures have been regrouped / rearranged wherever necessary as to make them comparable with figures of the year under consideration.

17. Schedule "1" to "13" forms part of the balance Sheet and Profit & Loss Account.