Directors Report of Asian Films Production and Distribution Ltd.

Sep 30, 2013

Dear Members,

The Directors are pleased to present the Eighteenth Annual Report together with the Audited Accounts for the year ended 30th September, 2013 and also in highlighting the performance of the Company in the previous year along with the scope of the profit generating capacity of the Company in the years to come.

REVIEW OF OPERATIONS:

The working results of the company for the year are furnished as follows:

Particulars Year ended Year ended 2012-2013 2011-2012

Net Profit/(Loss) (7,25,730) (7,23,955)

Less: Depreciation 62,004 62,004

Profit/(Loss) before Taxation (6,63,726) (6,61,951)

Less: Provision for Taxation

Less: Deferred Tax (1,63,203)

Profit / (Loss) After Tax (6,63,726) (8,25,154)

Add: Provision written back

Balance Transfer last year (12,26,102) (4,00,952)

Balance Carried Forward (18,89,832) (12,26,106)

OVERALL PERFORMANCE:

The Company in the year under consideration has survived the competition and managed to maintain and perform its business activities. The Company has consolidated its business activities in order to remove those which were having a negative impact on the Turnover of the Company. The company''s portfolio of activities includes those activities wherein Company has emerged as a competitive organization and wherein Company can integrate its Business.

During the Financial Year under consideration i.e. 2012-2013, the Company has incurred a loss/profit before tax of Rs (8,25,154)

DIVIDEND:

With a view to conserve the resources of the Company, the board has not recommended any dividend to the members this year.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from public in accordance with Section 58A of the Companies Act, 1956.

AUDITORS:

M/s Agarwal Jain & Gupta, Chartered Accoutants, Jaipur and auditors of the Company retires as Statutory Auditors of the Company at the conclusion of the ensuring Annual General Meeting. Statutory Auditors have confirmed their eligibility and willingness to accept the office on re -appointment. The necessary resolution seeking your approval for re-appointment of Statutory Auditor has been incorporated in the Notice convening the Annual General Meeting.

NOTES ON ACCOUNTS:

With reference to the point no. 4(iv) of the Auditors Report we would like to state that:

For qualification of Auditor of the Company on AS -6 few assets of the Company are not actually use in the operations of the Company and Company have also received advances against such assets and are likely to be disposed off in the next year.

For qualification of Auditor of the Company on AS-15: There is no any employee on whom Gratuity Act is applicable so, provision for gratuity is not required.

EMPLOYEES:

There are no employees who are in receipt of remuneration exceeding the limit specified under Section 217(2A) of the Companies Act, 1956 read with Companies (Particular of Employees) Rules, 1975 as amended.

CONSERVATION OF, ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

Consumption of Energy & Technology absorption:

The details as required under Section 217(1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 in respect of conservations of energy, technology absorption are not applicable.

DIRECTORATE:

During the year under review Mr. Anurag Prasad and Ms. Neha Londhe retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers themselves for re -appointment. During the year Mr.Manoj Kumar Dubey and Mr.Rakesh Kumar Sharma was appointed as additional directors of the company.

CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the listing agreement with the Stock Exchange, the Corporate Governance Report along with Certificate by the Practicing Company Secretary on its compliance, Management Discussion and Analysis Report forms a part of this Annual Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibilities Statement, the Directors of the company hereby state and confirm that:

1. In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures:

2. The Company has selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of loss/profit of the Company for the period under review;

3. The Company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. The accountants for the year ended 30th September, 2013 are prepared on a "Going Concern Basis".

ACKNOWLEDGEMENT:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the banks and all other well wishers for theirtimely support. By Order of the Board

Sd/- Sd/-

Place: Ahmedabad Salman Ansari Anurag Prasad

Date: 02/12/2013 Managing Director Director

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Sep 30, 2012

Dear Members,

The Directors are pleased to present the SEVENTEENTH Annual Report together with the Audited Accounts for the year ended 30th September, 2012 and also in highlighting the performance of the Company in the previous year along with the scope of the profit generating capacity of the Company in the years to come.

REVIEW OF OPERATIONS:

The working results of the company for the year are furnished as follows:

Particulars Year ended Year ended 2011-2012 2010-2011

Net Profit/(Loss) (7,23,955) (4,64,489)

Less: Depreciation 62,004 62,004

Profit/(Loss) before Taxation (6,61,951) (4,02,485)

Less: Provision for Taxation

Less: Deferred Tax (1,63,203)

Profit / (Loss) After Tax (8,25,154) (4,02,485)

Add: Provision written back

Balance Transfer last year (4,00,952) 1,533

Balance Carried Forward (12,26,106) (4,00,952)

OVERALL PERFORMANCE: f The Company in the year under consideration has survived the competition and managed to maintain and perform its business activities. The Company has consolidated its business activities in order to remove those which were having a negative impact on the Turnover of the Company. The company''s portfolio of activities includes those activities wherein Company has emerged as a competitive organization and wherein Company can integrate its Business.

During the Financial Year under consideration i.e. 2011-2012, the Company has incurred a loss/profit before tax of Rs (8,25,154)

DIVIDEND:

With a view to conserve the resources of the Company, the board has not recommended any dividend to the members this year.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from public in accordance with Section 58A of the Companies Act, 1956.

AUDITORS:

M/s Agarwal Jain & Gupta, Chartered Accoutants, Jaipur and auditors of the Company retires as Statutory Auditors of the Company at the conclusion of the ensuring Annual General Meeting. Statutory Auditors have confirmed their eligibility and willingness to accept the office on re-appointment. The necessary resolution seeking your approval for re-appointment of Statutory Auditor has been incorporated in the Notice convening the Annual General Meeting.

NOTES ON ACCOUNTS:

With reference to the point no. 4(iv) of the Auditors Report we would like to state that:

For qualification of Auditor of the Company on AS-6 few assets of the Company are not actually use in the operations of the Company and Company have also received advances against such assets and are likely to be disposed off in the next year.

For qualification of Auditor of the Company on AS-15: There is no any employee on whom Gratuity Act is applicable so, provision for gratuity is not required.

EMPLOYEES:

There are no employees who are in receipt of remuneration exceeding the limit specified under Section 217(2A) of the Companies Act, 1956 read with Companies (Particular of Employees) Rules, 1975 as amended.

CONSERVATION OF, ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

Consumption of Energy & Technology absorption:

The details as required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 in respect of conservations of energy, technology absorption are not applicable.

Foreign Exchange Earnings & Outgo

(Amount in Rupees)

Particulars Year 2011-2012

Foreign Exchange Earnings NIL

Foreign Exchange Outgoings NIL



DIRECTORATE:

During the year under review Mr. Satinder Sharma and Mr. Anurag Prasad retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers themselves for re-appointment.

CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the listing agreement with the Stock Exchange, the Corporate Governance Report along with Certificate by the Practicing Company Secretary on its compliance, Management Discussion and Analysis Report forms a part of this Annual Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibilities Statement, the Directors of the company hereby state and confirm that:

1. In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures:

2. The Company has selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of loss/profit of the Company for the period under review;

3. The Company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. The accountants for the year ended 30th September, 2012 are prepared on a "Going Concern Basis”.

ACKNOWLEDGEMENT:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the banks and all other well wishers for their timely support.

By Order of the Board

Sd/- Sd/-

Salman Ansari Anurag Prasad

Managing Director Director

Place: Ahmedabad

Date: 01/12/2012

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Sep 30, 2011

The Directors are pleased to present the Sixteenth Annual Report together with the Audited Accounts for the year ended 30th September, 2011 and also in highlighting the performance of the Company in the previous year along with the scope of the profit generating capacity of the Company in the years to come.

REVIEW OF OPERATIONS:

The working results of the company for the year are furnished as follows:

Particulars Year ended Year ended

2010-2011 2009-2010

Net Profit/(Loss) (4,64,489) (11,25,147)

Less: Depreciation 62,004 62,004 Profit/(Loss) before Taxation (4,02,485) (11,87,151)

Less: Provision for Taxation ---- ---- Less: Deferred Tax ---- ----

Profit / (Loss) After Tax (4,02,485) (11,87,151)

Add: Provision written back ---- ----

Balance Transfer last year 1,533 11,88,684

Balance Carried Forward (4,00,952) 1,533

OVERALL PERFORMANCE:

The Company in the year under consideration has survived the competition and managed to maintain and perform its business activities. The Company has consolidated its business activities in order to remove those which were having a negative impact on the Turnover of the Company. The company's portfolio of activities includes those activities wherein Company has emerged as a competitive organization and wherein Company can integrate its Business.

During the Financial Year under consideration i.e. 2010-2011, the Company has incurred a loss/profit before tax of Rs.(-) 4,02,485/- DIVIDEND:

With a view to conserve the resources of the Company, the board has not recommended any dividend to the members this year.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from public in accordance with Section 58A of the Companies Act, 1956.

AUDITORS:

M/s Agarwal Jain & Gupta, Chartered Accountants, Jaipur and auditors of the Company retires as Statutory Auditors of the Company at the conclusion of the ensuring Annual General Meeting. Statutory Auditors have confirmed their eligibility and willingness to accept the office on re-appointment. The necessary resolution seeking your approval for re-appointment of Statutory Auditor has been incorporated in the Notice convening the Annual General Meeting.

NOTES ON ACCOUNTS:

With reference to the point no. 4(iv) of the Auditors Report we would like to state that:

For qualification of Auditor of the Company on AS-6 few assets of the Company are not actually use in the operations of the Company and Company have also received advances against such assets and are likely to be disposed off in the next year.

For qualification of Auditor of the Company on AS-15: There is no any employee on whom Gratuity Act is applicable so, provision for gratuity is not required.

EMPLOYEES:

There are no employees who are in receipt of remuneration exceeding the limit specified under Section 217(2A) of the Companies Act, 1956 read with Companies (Particular of Employees) Rules, 1975 as amended.

CONSERVATION OF, ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

Consumption of Energy & Technology absorption:

The details as required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 in respect of Conservation of Energy, Technology Absorption are not applicable.

DIRECTORATE:

During the year under review Mr. Anurag Prasad and Ms. Neha Londhe retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers themselves for re-appointment.

CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the listing agreement with the Stock Exchange, the Corporate Governance Report along with Certificate by the Practicing Company Secretary on its compliance, Management Discussion and Analysis Report forms a part of this Annual Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors' Responsibilities Statement, the Directors of the company hereby state and confirm that:

1. In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures:

2. The Company has selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of loss/profit of the Company for the period under review;

3. The Company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. The accountants for the year ended 30th September, 2011 are prepared on a "Going Concern Basis".

ACKNOWLEDGEMENT:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders The Board also expresses their sincere thanks to the banks and all other well wishers for their timely support.

By Order of the Board

Sd/- Sd/-

Salman Ansari Anurag Prasad

Managing Director Director

Place: Ahmedabad

Date: 5th December, 2011

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Sep 30, 2010

The Directors have pleasure in presenting their Fifteenth Annual Report together with the Audited Financial accounts and Auditors Report thereon for the year ended 30th September, 2010.

REVIEW OF OPERATIONS:

The working results of the company for the year are furnished as follows:

Particulars Year ended Year ended 30.09.2010 30.09.2009

Net Profit/(Loss) (1125147) 264043

Less: Depreciation 62004 62004

ProfnY(Loss) before Taxation (1187151) 202039

Less: Provision for Taxation 0 37474

Less: Deferred Tax 0 (34580)

Profit/(Loss) after Tax (PAT) (1187151) 199145

Add: Provisions written back 0 0

Balance Trf from last year 1188684 989539

Balance carried to balance sheet 1533 1188684

DIVIDEND:

With a view to conserve the resources of the company, the board has not recommended any dividend to the members this year.

DEPOSITS:

The Company has not accepted any deposit during the year under review.

AUDITORS:

M/s Agarwal Jain & Gupta, Chartered Accountants, Jaipur and Auditors of the Company retires as Statutory Auditor of the Company at the conclusion of the ensuring Annual General Meeting. Statutory Auditors have confirmed their eligibility and willingness to accept the office on re-appointment. The necessary resolution seeking your approval for re-appointment of Statutory Auditor has been incorporated in the Notice convening the Annual General Meeting.

NOTES ON ACCOUNTS:

With reference to the point no 4(iv) of the Auditors Report we would like to state that:

For qualification of Auditor of the Company on AS 6- Few assets of the Company are not actually use in the operations of the Company and company have also received advances against such assets and are likely to be disposed off in the next year.

For qualification of Auditor of the Company on AS 15: There are not any employee on which Gratuity Act is applicable so, provision for gratuity is not required.

EMPLOYEES:

There are no employees who is in receipt of remuneration exceeding the limit specified under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended.

CONSERVATION OF, ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

Consumption of Energy & Technology absorption:

The details as required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 in respect of Conservation of Energy, Technology Absorption are not applicable.

Foreign Exchange Earnings & Outgoings:

Particulars Year 2009-2010

Foreign Exchange Earnings

555 NIL

Foreign Exchange Outgoings

DIRECTORATE:

During the year under review Mr. Anurag Prasad and Ms.Neha Londhe retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers themselves for reappointment.

CORPORATE GOVERNANCE:

Your Company has complied with the provisions of Clause 49 of the Listing Agreement relating to Corporate Governance and the certificate obtained from the auditors of the company regarding compliance of conditions is annexed to this report.

DIRECTORS RESPONSIBILITY STATEMENT:

As required under the Companies Act, 1956, your Directors wish to state that:

1. In the preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

2. The company has Selected such Accounting Policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the loss of the Company for the period under review;

3. The company has taken proper and sufficient care for the maintenance of adequate Accounting Records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. The Accounts for the year ended 30th September, 2010 are prepared on a "Going Concern Basis".

ACKNOWLEDGEMENT:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

By Order of the Board

Sd/- Sd/- Salman Ansari Anurag Prasad Managing Director Director

Place: Ahmedabad Date: 29th November, 2010

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Sep 30, 2009

The Directors have pleasure in presenting their Fourteenth Annual Report together with the Audited Financial accounts and Auditors Report thereon for the year ended 30th September, 2009.

REVIEW OF OPERATIONS:

The working results of the company for the year are furnished as follows:



Particulars Year Ended Year Ended

30.09.2009 30.09.2008

Net Profit/(Loss) 264043 1046818

Less: Depreciation 62004 62004

Profit/(Loss) before Taxation 202039 984814

Less: Provision for Taxation 37474 2120

Less: Deferred Tax (34580) (20535)

Profit/(Loss) after Tax (PAT) 199145 1003229

Add: Provisions written back 0 (13690)

Balance Trf from last year 989539 0

Balance carried to balance sheet 1188684 989539



DIVIDEND :

With a view to conserve the resources of the company, the board has not recommended any dividend to the members this year.

DEPOSITS :

The Company has not accepted any deposit during the year under review.

AUDITORS :

M/s Agrawal Jain & Gupta, Chartered Accountants, Jaipur and Auditors of the Company retires as Statutory Auditor of the Company at the conclusion of the ensuring Annual General Meeting. Statutory Auditors have confirmed their eligibility and willingness to accept the office on re-appointment. The necessary resolution seeking your approval for re-appointment of Statutory Auditor has been incorporated in the Notice convening the Annual General Meeting.

NOTES ON ACCOUNTS :

With reference to the point no 4(iv) of the Auditors Report we would like to state that:

For qualification of Auditor of the Company on AS 6- Few assets of the Company are not actually use in the operations of the Company and company have also received advances against such assets and are likely to be disposed off in the next year.

For qualification of Auditor of the Company on AS 15: There are not any employee on which Gratuity Act is applicable so, provision for gratuity is not required.

EMPLOYEES :

There are no employees who is in receipt of remuneration exceeding the limit specified under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended.

CONSERVATION OF, ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

Consumption of Energy & Technology absorption:

The details as required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 in respect of Conservation of Energy, Technology Absorption are not applicable.

Foreign Exchange Earnings & Outgoings:



Particulars Year 2008-09

Foreign Exchange Earnings NIL

Foreign Exchange Outgoings

DIRECTORATE:

During the year under review Mr. Satinder Sharma and Mr. Shivprakash Agrawal retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers themselves for reappointment.

CORPORATE GOVERNANCE:

Your Company has complied with the provisions of Clause 49 of the Listing Agreement relating to Corporate Governance and the certificate obtained from the auditors of the company regarding compliance of conditions is annexed to this report.

DIRECTORS RESPONSIBILITY STATEMENT:

As required under the Companies Act, 1956, your Directors wish to state that:

1. In the preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

2. The company has Selected such Accounting Policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the loss of the Company for the period under review;

3. The company has taken proper and sufficient care for the maintenance of adequate Accounting Records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. The Accounts for the year ended 30th September, 2009 are prepared on a "Going Concern Basis".

ACKNOWLEDGEMENT:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

For and on behalf of the Board

Place : Ahmedabad Salman Ansari

Date : 7th December, 2009 Chairman and Managing Director