Notes to Accounts of Filmcity Media Ltd.

Mar 31, 2024

k) Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
The expense relating to any provision is presented in the statement of profit or loss, net of any
reimbursement. If the effect of the time value of money is material, provisions are discounted using a
current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting
is used, the increase in the provision due to the passage of time is recognised as part of finance costs.

l) Contingent Liability

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable that an
outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be recognized because it cannot be measured reliably.
The Company does not recognize a contingent liability but discloses its existence in the financial
statements.

m) Cash and Cash Equivalents

Cash and Cash Equivalent in the balance sheet comprise cash at banks and on hand and short-term
deposits with an original maturity of three months or less, which are subject to an insignificant risk of
changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short
term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral
part of the Company’s cash management.

n) Investments and other Financial Assets

(i) Classification

The Company classifies its financial assets in the following measurement categories:

(1) Those to be measured subsequently at fair value (either through other comprehensive income,
or through the Statement of Profit and Loss), and

(2) Those measured at amortised cost.

The classification depends on the Company’s business model for managing the financial
assets and the contractual terms of the cash flows.

(ii) Measurement

At initial recognition, the Company measures a financial asset at its fair value. Transaction costs
of financial assets carried at fair value through the Profit and Loss are expensed in the Statement
of Profit and Loss.

Debt Instruments: Subsequent measurement of debt instruments depends on the Company''s
business model for managing the asset and the cash flow characteristics of the asset. The Company
classifies its debt instruments into following categories:

Amortised Cost: Assets that are held for collection of contractual cash flows where those cash
flows represent solely payments of principal and interest are measured at amortised cost. Interest
income from these financial assets is included in other income using the effective interest rate
method.

Fair value through Profit and Loss: Assets that do not meet the criteria for amortised cost are
measured at fair value through Profit and Loss. Interest income from these financial assets is
included in other income.

Equity Instruments: The Company measures its equity investment other than in subsidiaries,
joint ventures and associates at fair value through profit and loss.

(iii) Impairment of Financial Assets

The Company measures the expected credit loss associated with its assets based on historical
trend, industry practices and the business environment in which the entity operates or any other
appropriate basis. The impairment methodology applied depends on whether there has been a
significant increase in credit risk.

o) Earnings Per Share

Basic Earnings Per Share

Basic Earnings Per Share is calculated by dividing:

- The profit attributable to owners of the Company

- By the weighted average number of equity shares outstanding during the financial year, adjusted
for bonus elements in equity shares issued during the year and excluding treasury shares.

Diluted Earnings Per Shares

Diluted Earnings Per Share adjusts the figures used in the determination of basic earnings per share
to take into account:

- The after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and

- The weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

(iv) Utilization of Borrowed Funds and Share Premium

(A) The Company has not advanced or loaned or invested funds (either borrowed funds or share
premium or any other sources or kind of funds) to any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise)
that the Intermediary shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(B) The Company has not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company
shall:-

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(v) Undisclosed Income

The Company has disclosed all its Income appropriately and in the ongoing Tax Assessments as well
there has not been any such undisclosed income recognised by the relavant tax authorities.

(vi) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(vii) Disclosure of Benami Property

The Company does not possess any benami property under the Benami Transactions (Prohibition)
Act, 1985 and rules made thereunder.

(viii) Disclosure of Borrowings

The Company does not have any borrowings from banks and financial institutions during the year and
as at March 31,2024.

(ix) Wilful Defaulter

The Company has not been declared as Wilful Defaulter by any Bank or Financial Institution or other Lender.

(x) Title Deeds of Immovable Properties not held in Name of the Company

Title deeds of immovable properties (including properties where the Company is the lessee and the
lease agreements are duly executed in favour of the lessee) are not held in the name of the company.

(xi) Revaluation of Property, Plant and Equipment

No Property, Plant and Equipment is revalued by company during the year.

(xii) Revaluation of Intangible Asset

No Intangible asset is revalued by company during the year.

(xiii) Investment in property

No investment property is held by the company as at Balance sheet date.

(xiv) Disclosure on Loans and Advances

The Company has not granted any loans or advances in the nature of loans either repayable on demand
or without specifying any terms or period of repayment, to promoters, directors, KMPs and the related
parties (as defined under the Companies Act, 2013), either severally or jointly with any other person.

27. Capital Risk Management:

The Company aim to manages its capital efficiently so as to safeguard its ability to continue as a going
concern and to optimise returns to our shareholders.

The capital structure of the Company is based on management’s judgement of the appropriate balance of
key elements in order to meet its strategic and day-to-day needs. We consider the amount of capital in
proportion to risk and manage the capital structure in light of changes in economic conditions and the risk
characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may
adjust the amount of dividends paid to shareholders, return capital to shareholders or issue new shares.

The Company’s policy is to maintain a stable and strong capital structure with a focus on total equity so as to
maintain investor, creditors and market confidence and to sustain future development and growth of its business.
The Company will take appropriate steps in order to maintain, or if necessary adjust, its capital structure.

28. Contingent Liabilities: Rs. 7,58,42,320/- (Previous Year Rs. 7,58,42,320/-)

29. Financial risk management objectives and policies

The Company’s principal financial liabilities comprise trade and other payables. The main purpose of
these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets
include loans, trade and other receivables, and cash and cash equivalents that derive directly from its
operations.

The Company’s activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk.
The Company’s focus is to foresee the unpredictability of financial markets and seek to minimize potential
adverse effects on its financial performance.

Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because
of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and
other price risk, such as equity price risk and commodity risk.

Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities
(primarily trade receivables and deposits to landlords) and from its financing activities. The Company
generally doesn’t have collateral.

Trade Receivables and Security Deposits

Customer credit risk is managed by business through the Company’s established policy, procedures and
control relating to customer credit risk management. Credit quality of each customer is assessed and
credit limits are defined in accordance with this assessment. Outstanding customer receivables and security
deposits are regularly monitored.

Liquidity Risk

The company’s principal source of liquidity is cash and cash equivalents and the cash flow that is generated
from operations. The company has no outstanding bank borrowings. Accordingly, no liquidity risk is perceived

30. Certain Balances of parties under sundry debtors, creditors, loans and advances are subject to confirmations/
reconciliation.

31. There was no expenditure/earning in Foreign Currency during the year.

For BHATTER & ASSOCIATES FOR FILMCITY MEDIA LIMITED

Chartered Accountants
Firm Registration No.131411W

ROHIT KUMAR TAWARI SURENDRA R GUPTA MOHIT JAIN

Partner Managing Director Director/CFO

Membership No.: 197557 DIN: 00778018 DIN: 09684465

Place: Mumbai KIRTI VISHNU TIWARI RAKSHA KUMARI

Date: 14-05-2024 Director/CEO Company Secretary

DIN: 09686224 M.No.: A46084

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Mar 31, 2014

1. In the opinion of the Board the value of Current Assets, Loans & Advances have a value in ordinary course of business at least equal to that stated in the Balance Sheet except in case of those show in doubtful. Loans & Advances, Sundry Debtors & Sundry creditors are subject to confirmation from the parties.

2. No Interest has been provided for the year on loans & advances made by the Company during the year in many cases.

3. Estimated Amount of Contracts Remaining to be executed on Capital Accounts and not provide for Rs. NIL.

4. Additional information Pursuant to the Provision of Paragraph 3, 4C and 4D of part II of the Schedule VI of the Companies Act, 1956.

a. Particulars of Purchase, Turnover and Stock of Goods traded in -

b. Other additional information - NIL (Previous Year NIL)

c. Earning & Expenditure in Foreign Currency - NIL ( Previous Year NIL)

5. Previous Year''s Figure have been Regrouped and rearrange wherever found necessary.

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Mar 31, 2013

1. In the opinion of the Board the value of Current Assets, Loans & Advances have a value in ordinary course of business at least equal to that stated in the Balance Sheet except in case of those show in doubtful. Loans & Advances, Sundry Debtors & Sundry creditors are subject to confirmation from the parties.

2. No Interest has been provided for the year on loans & advances made by the Company during the year in many cases.

3. Estimated Amount of Contracts Remaining to be executed on Capital Accounts and not provide for Rs. NIL

4. Additional information Pursuant to the Provision of Paragraph 3, 4C and 40 of pari; II of the Schedule VI of the Companies Act, 1956.

A. Particulars of Purchase, Turnover and Stock of Goods traded in -

5. Other additional information - NIL (Previous Year NIL)

C. Earning & Expenditure in Foreign Currency-NIL ( Previous Year NIL)

6. Previous Year''s Figure have been Regrouped and rearrange wherever found necessary. Signature to the Schedule 1 to 21 forming part of the Balance Sheet & Profit & Loss Account.

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Mar 31, 2012

1 -Note: Under the scheme of Amalgamation approved by the court 200.000.000 shares of Re.l /- each alloted to existing Shareholders of Filmcity Communication Technologies Ltd. ( Transferor Company) holding 80,000,000 shares in ratio of 2.5 shares for each shares held, for consideration other than Cash.

2 -Terms/rights attached to equity shares

The company has only one class of shares having a par value at Rs. I /- per share.Each holder of equity shares entitled one vote per share.

3 -Details of shareholders holding more than 5% shares in the company

4 Contigent liabilities not provided for - NIL

5 Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

6 Segment Reporting - During the year company''s main revenue is from only one segment sale of T.V. serials. Films and Songs. As such there are no other separate reportable segments as specified in Ac- counting standadrd (AS-17) "Segment Reporting" of the Institute of Chartered Accountants of India.

7 In the opinion of the Board of Directors and to the best of their knowledge and belief the value of reali- sation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Trade receivables. Trade payables and those pertaining to loans & advances.

8 Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2011

1. Pursuant to the Shareholders approval at the meeting held on 12/02/2009 which was convened as per the Orders of the Hon''ble High Court of Judicature at Bombay (Court) and its Order in Company Petition Nos 150 on 16/02/2009 sanctioning the Scheme, the assets and liabilities of FCTL whose principal business was Production /Trading of TV Softwares were transferred to and vested in the company with effect from the appointed date 31/07/2008 in accordance with the Scheme so sanctioned. The Scheme has, accordingly, been given effect to in the Accounts.

2. The amalgamation has been accounted for under the Pooling of Interest Method of Accounting as prescribed by Accounting Standard 14 (AS-14) book issued by the Institute of Chartered Accountants of India. The assets and liabilities of the erstwhile FCTL as at 31/07/2008 have been taken over at their book values.

3. Pursuant to the Scheme as approved by the Hon''ble High Court of Judicature at Bombay, referred to in (a) above, the company has allotted necessary 200,000,000.Equity shares of Rs1/- each fully paid to the shareholders of the erstwhile FCTL on 16/05/2009 after the receipt of sanction order from the Court.

4. The difference between the value of the net assets acquired on amalgamation and the amount of shares issued to the shareholders of the amalgamation and the amount of shares issued to the shareholders of the amalgamating company FCTL resulting in excess shares issued Rs 120,000,000/-crores which has been accounted for as follows (AS-14.)

5. Contigent liabilities not provided for - NIL

6. Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

7. Segment Reporting - During the year company''s main revenue is from only one segment sale of T.V. serials, Films and Songs . As such there are no other separate reportable segments as specified in Accounting standadrd (AS-17) " Segment Reporting" of the Institute of Chartered Accountants of India. of Chartered Accountants of India.

8. Quantitative details in respect of opening stock, Production, Purchases, Consumption, Sale & Closing Stock. Nature of business of the company is such that quantitywise details is not possible but Valuewise details are given in schedules.

9. In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

10. Previous years figures have been regrouped / rearranged, where necessary. Signature of Schedule 1 to 17

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Mar 31, 2010

1 Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

2 Segment Reporting - During the year companys main revenue is from only one segment sale of T.V. serials, Films and Songs. As such there are no other separate reportable segments as specified in Accounting standard (AS-17) "Segment Reporting" of the Institute of Chartered Accountants of India.

3 In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

4 Previous years figures have been regrouped / rearranged, where necessary.

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Mar 31, 2009

1 Contigent liabilities not provided for - NIL

2 Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3 Segment Reporting - During the year company"s main revenue is from only one segment sale of T.V. serials, Films and Songs. As such there are no other separate reportable segments as specified in Accounting standadrd (AS-17) "Segment Reporting" of the Institute of Chartered Accountants of India.

4 Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2008

1 Contigent liabilities not provided for - NIL

2 Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3 Segment Reporting - During the year companys main revenue is from only one segment sale of TV. serials . As such there are no other separate reportable segments as specified in Accounting Standard (AS-17) " Segment Reporting" of the Institute of Chartered Accountants of India of Chartered Accountants of India.

4 In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

5 Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2007

B. OTHER NOTES

1 Contigent liabilities not provided for - NIL

2 Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3 Auditors Remuneration

3/31/2007

Audit Fees 20,000

Tax Audit fees 10,000

Other Services 14,000

44,000

4 Debts/Advances due by Companies in which Directors are interested - Wellness Communications Pvt Ltd. 2,150,565

5 Expenditure in Foreign Currency NIL

6 Value of Import on GIF basis NIL

7 Earning of Foreign Exchange on Exports NIL

8 Segment Reporting - During the year company"s main revenue is from only one segment sale of T.V. serials . As such there are no other separate reportable segments as specified in Accounting Standard (AS-17) " Segment Reporting" of the Institute of Chartered Accountants of India of Chartered Accountants of India.

9 In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

10 Previous years figures have been regrouped/rearranged, where necessary. Signature of Schedule 1 to 17

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Mar 31, 2006

ANNUAL REPORT 2005-2006

NOTES ON ACCOUNTS

A. ACCOUNTING POLICIES:

1. System of accounting

a) The accounts are prepared under the historical cost convention in accordance with generally accepted accounting principles and the provisions of the companies Act, 1956 are adopted consistently by the company.

b) The company generally follows the mercantile system of Accounting and recognises income and expenditure on accrual basis.

2. Fixed Assets & Depreciation

a) Fixed Assets have been stated at cost less depreciation.

b) Depreciation on Fixed Assets have been charged on straight line method at rates prescribed in-Schedule XIV of the Companies Act, 1956 and in the manner so provided.

3. Sales

The Company has accounted gross sales and there is no change.

4. Inventories

a) Stock has been valued at cost.

b) The cost of manufacturing of the T.V. Software has been accounted as work in progress, as these software will generate sales (receipts) during the subsequent years.

5. Gratuity Gratuity liability is determined on the basis of actuarial valuation.

6. Miscellaneous Expenditure Preliminary and Public issue expenses have been amortised over a period of 10 years.

7. Directors remuneration is within the limit specified in Schedule XIII of the Companies Act, 1956.

8. Income Tax

No provision for income tax is made during the year due to b/f losses. Deferred tax assets have not been recognised as there is no virtual certainty of profits in future.

B. OTHER NOTES

9. Continent liabilities not provided for - NIL

10. Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

11. Auditors' Remuneration

31/03/2006

Audit Fees 20,000 Tax Audit fees 10,000 Other Services 14,000 44,000

12. Debts/Advances due by Companies in which Directors are interested - Cogni Exports Pvt. Ltd. 2,500,565

13. Expenditure in Foreign Currency NIL

14. Value of Import on CIF basis NIL

15. Earning of Foreign Exchange on Exports NIL

16. Segment Reporting - During the year company's main revenue is from only one segment sale of T.V. serials Magazines & other Income i.e., Rent, Interest etc. As such there are no other separate reportable segments as specified in Accounting Standard (AS-17) ' Segment Reporting' of the Institute of Chartered Accountants of India.

17. Earning per Share 31/03/2006 31/03/2005

Net Profit/(Loss) for the year 302,583 517,625 Number of Equity Shares 51,037,000 5,103,700 Nominal Value of Shares (Rs.) 1 10 Earning per Share (Rs.) 0.01 0.10

18. Related Party Disclosures -

Name of the Party Relation A B C Ship

i) M/s Ruchi Communication Controlled Purchases & (I) Limited by key Sales - Cr. 139,143.26 Managerial Personnel

ii) M/s Cogni Exports Pvt. Ltd. Controlled Purchases & by key Sales - Dr.2,500,565.00 Managerial Personnel

iii) Mr. Surendra Gupta Managing Remuneration 150,000/- Cr.257,056.00 Director

A ->> Transaction During the Year B ->> Amount Rs. C ->> Balance As on 31/03/2006

19. Quantitative details in respect of opening stock, Production, Purchases, Consumption, Sale & Closing Stock.

31/03/2006 31/03/2005

Qty Rs. Qty Rs.

Licensed Capacity N.A. N.A. Installed Capacity N.A. N.A.

Raw Material

Opening Stock 30.00 MT 815,761 42.06 MT 1,143,410 Purchases NIL NIL NIL NIL Consumption NIL NIL 12.06 MT 327,649 Closing Stock 30.00 MT 815,761 30.00 MT 815,761

20. In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

21. Previous years figures have been regrouped/rearranged, where necessary.

AS PER OUR REPORT OF EVEN DATE ATTACHED FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

FOR ASHOK K. JAIN CHARTERED ACCOUNTANTS

ASHOK K. JAIN SURENDRA GUPTA DEEPAK PATEL PROPRIETOR Managing Director Director

PLACE : MUMBAI DATED : 19.8.2006

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Mar 31, 2004

1. Contigent liabilities not provided for - NIL

2. Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3. Auditors Remuneration 31/3/2004

Audit Fees 16,600

Tax Audit fees 5,000

Other Services 10,000

31,600

4. Debts/Advances due by Companies in which Directors are interested - Ruchi Communications (I) Ltd 2,088,019

Good Start Securities & Port Folio Managers Pvt. Ltd 500,000

KGA Securities (I) Ltd 285,464

Cogni Exports Pvt. Ltd (73,058)

5. Expenditure in Foreign Currency NIL

6. Value of Import on CIF basis NIL

7. Earning of Foreign Exchange on Exports NIL

8. Segment Reporting - During the year company"s main revenue is from only one segment sale of TV. serials Magazines & other Income i.e. Rent, Interest etc. As such there are no other separate reportable segments as specified in Accounting Standard (AS-17)" Segment Reoorting" of the Institute of Chartered Accountants of India.

31/3/2004 31/3/2003

9. Earning per Share

Net Profit/(Loss) for the year 82,315 138,703

Number of Equity Shares 5,103,700 5,103,700

Nominal Value of Shares (Rs.) 10 10

Earning per Share (Rs.) 0.02 0.03

10. Quantitative details in respect of opening stock, Production, Purchases, Consumption, Sale & Closing Stock.

31/3/2004 31/3/2003 Qty Rs. Qty Rs.

Licensed Capacity N.A. N.A.

Installed Capacity N.A. N.A.

Raw Material

Opening Stock 42.06MT. 1,143,410 42.06MT. 1,143,410

Purchases NIL NIL NIL NIL

Consumption NIL NIL NIL NIL

Closing Stock 42.06MT. 1,143,410 42.06MT. 1,143,410

11. In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

12. Term loan from Samata

Bank Ltd is secured by first charge on Plant & Machinery.

13. Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2003

1. Contigent liabilities not provided for - NIL

2. Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3. Auditors Remuneration

31/3/2003

Audit Fees 16,000

Tax Audit fees 5,000

Other Services 10,000

31,000

4. Debts/Advances due by Companies in which Directors are interested

Ruchi Communications (I) Ltd 2,588,019

Cogni Exports Pvt Ltd 1,572,625

Fine Video Pvt. Ltd 330,025

Good Start Securities & Port Folio Managers Pvt. Ltd 500,000

Kanti Gandhi & Associates 300,000

KGA Securities (I) Ltd 50,464

5. Expenditure in Foreign Currency NIL

6. Value of Import on CIF basis NIL

7. Earning of Foreign Exchange on Exports NIL

8. Segment Reporting - During the year company"s main revenue is from only one segment sale of TV. serials & magazine & other Income i.e, Rent, Interest etc. As such there are no other separate reportable segments as specified in Accounting Standard (AS-17)" Segment Reporting" of the Institute of Chartered Accountants of India.

9. Earning per Share 31/3/2003 31/3/2002

Net Profit/Loss) for the year 138,703 (3,272,594)

Number of Equity Shares 5,103,700 5,103,700

Nominal Value of Shares (Rs.) 10 10

Earning per Share (Rs.) 0.03 (0.64)

10. In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

11. Loans from Kotak Mahindra Premises Ltd is secured by hypothication of car and Term loan from Samata Sahakari Bank Ltd is secured by first charge on Plant & Machinery.

12. Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2002

1. Contingent liabilities not provided for - NIL

2. Estimated amount of contracts remaining to be executed on capital account and not provided for - NIL

3. Auditors Remuneration

31/3/2002 31/3/2001

Audit Fees 15,000 15,000

Tax Audit fees 5,000 5,000

Other Services 10,000 -

30,000 20,000

4. Debts/Advances due by Companies in which Directors are interested-

Ruchi Communications (I) Ltd 2,588,019

Cogni Exports Pvt Ltd 1,626,032

Fine Video Pvt. Ltd 330,025

Good Start Securities & Port Folio Managers Pvt. Ltd 500,000

5. Expenditure in Foreign Currency NIL

6. Value of Import on CIF basis NIL

7. Earning of Foreign Exchange on Exports NIL

8. Segment Reporting - During the year companys main revenue is from sale of magazine and other income i. e. Rent, Interests Advertisement. As such there are no separate reportable segments as specified in Accounting Standard (AS-17) "Segment Reporting" of the Institute of Chartered Accountants of India.

9. Earning per Share 31/3/2002 31/3/2001

Net Profit/Loss for the year (-) 3,272,594 (-) 1,464,953

Number of Equity Shares 5,103,700 5,103,700

Nominal Value of Shares (Rs.) 10 10

Earning per Share (Rs.) (-) 0.64 (-) 0.29

10. In the opinion of the Board of Directors and to the best of their knowledge and belief the value of realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet, No confirmations are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to loans & advances.

11. Loans from Kotak Mahindra Premises Ltd is secured by hypothecation of car and Term loan from Samata Sahakari Bank Ltd is secured by first charge on Plant & Machinery.

12. Previous years figures have been regrouped/rearranged, where necessary.

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Mar 31, 2000

A.9 Preliminary and Public Issue expenses have been amortised over a period of 10 years.

A.10 Directors remuneration is with in the limit specified in schedule XIII of the Companies Act, 1956.

A.11 The Company has diversified in the field of manufacturing of Television Software (TV Serials) and also produced the pilot serials. The cost of manufacturing of the same has been accounted as work in progress, as these software will generate sales (receipt) during the subsequent years.

A.12 i) Number of Non Resident Shareholders 43

ii) Claims against the Company not acknowledged as debts. NIL

iii) Debts due by Companies in which the Directors are interested Rs. 4282070

iv) Earning of Foreign Exchange on export of goods calculated on FOB basis NIL

A.13 There are no employees drawing salary in excess of Rs. 6,00,000/- per annum or Rs. 50,000/- per month employed during the year.

A.14 In the opinion of the Board of Directors and to the best of their Knowledge and belief the value on realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. No confirmation are obtained from the Sundry Debtors, Sundry Creditors and those pertaining to Loans and Advances

A.15 The Company has given the Rights of publishing Filmcity Magazine to other Companies under the same management for the period, as mentioned against the companies as under:

Name of the Company Period Royalty charged

a) Cogni Export Private Ltd. 1.02.1999-31.08.1999 2.05 Lacs per month

A.16 Previous year's figures have been regrouped/rearranged, where necessary.

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Mar 31, 1999

NOTES ON SECIRED LOANS :

1. from Shaporrji Pallonji Finance Ltd. (Secured by hypothecation of vehicle)

2. From Bank of Maharashtra (Against the security of tangible assets of the Directors

3. Export packing credit (Secured by equitable mortgage of land situated at village Juhu bearing survey No. 106 together with the buildings and structure constructed or to be constructed thereon and all fixed plant and machineries and fixtures standing, lying or being thereon and also personally guaranteed by the director Shri Surendra Gupta and Smt. Renu Gupta)

OTHER NOTES :

1. Preliminary and Public Issue expenses have been amortised over a period of 10 years.

2. Directors remuneration is with in the limit specified in schedule XIII of the Companies Act, 1956 looking to the loss of the company, the company has paid/provided for 50% of the eligible remuneration of the directors for the current year.

3. The Company has diversified in the field of manufacturing of Television Software (TV Serials) and also produced the pilot serials. The cost of manufacturing of the same has been accounted as work in progress, as these software will generate sales (receipt) during the subsequent years.

4. In the opinion of the Board of Directors and to the best of their Knowledge and belief the value on realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

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Mar 31, 1998

Details not Available in this Annual Report of 1998-99.

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Mar 31, 1997

1. No provision towards present liability for the future payment of gratuity to employees under the payment of Gratuity Act, 1972 has been made in the accounts as the provisions of the Act are not applicable to the Company.

2. a) Preliminary and Public Issue expenses have been amortised over a period of 10 years.

b) Pre-operative expenses are allocated on the following basis :

i) Where it directly relates to a specific asset are added to the value of that asset.

ii) Where it is not directly related to any specific asset, the cost are allocated on a prorata basis.

3.Directors remuneration is with in the limit specified in schedule XIII of the Companies Act, 1956.

4. The Company has diversified in the field of manufacturing of Television Software (TV Serials) and also produced the pilot serials. The cost of manufacturing of the same has been accounted as work in progress, as these software will generate sales (receipt) during the subsequent years.

5. There are no employees drawing salary in excess 3,00,000/- per annum or Rs. 25,000/- per month employed during the year.

6 In the opinion of the Board of Directors and to the best of their knowledge and belief the value on realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

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Mar 31, 1996

A.9 During the year the Company has come out with a Public Issue of 30,00,000 lacs Equity Shares of Rs.10/- each for cash at par, through prospectus dated 6.11.95.

A.10 a) Preliminary and Public Issue expenses will be amortised in accordance with section 350 of the Income Tax Act, 1961.

b) Pre-operative expenses will be capitalised on completion of the project under progress as on date.

A.11 Directors remuneration is within the limit specified in schedule XIII of the Companies Act, 1956.

A.12 The Company has diversified in the field of manufacturing of Television Software (TV Serials) and also produced the pilot serials. The cost of manufacturing of the same has been accounted as work in progress, as these software will generate sales (receipt) during the subsequent years.

A.13 Contingent liabilities not provided for

a) Guarantee and Counter Guarantee given by the Company for Rs.1,50,000/- (Previous Year NIL)

b) Estimated amount of contract remaining to be executed on Capital account and not provided for Rs. 6,00,000/- (previous year Rs. NIL)

A.14 i) Number of Non Resident Shareholders 43

ii) Claims against the Company not acknowledged as debts. NIL

iii) Debts due by Companies in which the Directors are interested 56,42,834

iv) Earning of Foreign Exchange on export of goods calculated on FOB basis NIL

A.15 There are no employees drawing salary in excess 3,00,000/- per annum or Rs. 25,000/- per month employed during the year.

A.16 In the opinion of the Board of Directors and to the best of their Knowledge and belief the value on realisation of Current Assets, Loans & Advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet. Balance in respect of Sundry Debtors, Sundry Creditors, Deposits and Advances are subject to confirmation.