Notes to Accounts of Sanguine Media Ltd.

Mar 31, 2024

(g) Provisions

Provisions are recognised when the Company has a present obligation 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. If the effect
of the time value of money is material, provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability.

The timing of recognition and quantification of the liability (including litigations) requires the
application of judgement to existing facts and circumstances, which can be subject to change. The
carrying amounts of provisions and liabilities are reviewed regularly and revised to take account
of changing facts and circumstances.

(h) Contingent Liabilities

Disclosure of contingent liability is made when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or non-occurrence of one
or more uncertain future events not wholly within the control of the Company or a present
obligation that arises from past events where it is either not probable that an outflow of resources
embodying economic benefits will be required to settle or a reliable estimate of amount cannot
be made.

(i) Employee Benefits Expense

The undiscounted amount of short-term employee benefits expected to be paid in exchange for
the services rendered by employees are recognised as an expense during the period when the
employees render the services

The Company recognises when contribution payable to the provident fund scheme as an expense,
when an employee renders the related service. If the contribution payable to the scheme for
service received before the balance sheet date exceeds the contribution already paid, the deficit
payable to the scheme is recognised as a liability. If the contribution already paid exceeds the
contribution due for services received before the balance sheet date, then excess is recognized
as an asset to the extent that the pre-payment will lead to a reduction in future payment or a
cash refund.

The Company pays gratuity to the employees who have completed five years of service with the
Company at the time of resignation/ superannuation. The gratuity is paid @15 days basic salary
for every completed year of service as per the Payment of Gratuity Act, 1972

(j) Tax Expenses

The tax expenses for the period comprises of current tax and deferred income tax. Tax is
recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised
in the Other Comprehensive Income. In which case, the tax is also recognised in Other
Comprehensive Income

Current Tax

Current tax assets and liabilities are measured at the amount expected to be recovered from or
paid to the Income Tax authorities, based on tax rates and laws that are enacted at the Balance
sheet date.

Deferred Tax

Deferred tax is recognised on temporary differences between the carrying amounts of assets and
liabilities in the Financial Statements and the corresponding tax bases used in the computation
of taxable profit.

Deferred tax assets are recognised to the extent it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax losses
can be utilised. Deferred tax liabilities and assets are measured at the tax rates that are expected
to apply in the period in which the liability is settled or the asset realised, based on tax rates (and
tax laws) that have been enacted or substantively enacted by the end of the reporting period. The
carrying amount of Deferred tax liabilities and assets are reviewed at the end of each reporting
period.

(k) Revenue Recognition

Revenue from contracts with customers is recognised when control of the goods or services are
transferred to the customer at an amount that reflects the consideration entitled in exchange for
those goods or services. The Company is generally the principal as it typically controls the goods
or services before transferring them to the customer

Generally, control is transferred upon shipment of goods to the customer or when the goods is
made available to the customer, provided transfer of title to the customer occurs and the
Company has not retained any significant risks of ownership or future obligations with respect to
the goods shipped

Revenue from rendering of services is recognized over time by measuring the progress towards
complete satisfaction of performance obligations at the reporting period

Revenue is measured at the amount of consideration which the Company expects to be entitled
to in exchange for transferring distinct goods or services to a customer as specified in the contract,
excluding amounts collected on behalf of third parties (for example taxes and duties collected on
behalf of the government). Consideration is generally due upon satisfaction of performance
obligations and a receivable is recognised when it becomes unconditional

Trade Receivables

A receivable represents the Company''s right to an amount of consideration that is unconditional
Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the
Company has received consideration or is due from the customer. If a customer pays
consideration before the Company transfers goods or services to the customer, a contract liability
is recognised when the payment is made or the payment is due (whichever is earlier).

Contract liabilities are recognised as revenue when the Company performs under the contract.

Interest Income

Interest Income from a Financial Assets is recognised using effective interest rate method.
Dividend Income

Dividend Income is recognised when the Company''s right to receive the amount has been
established.

(l) Financial Instruments
i)Financial Assets

Initial Recognition and Measurement

All Financial Assets are initially recognised at fair value. Transaction costs that are directly
attributable to the acquisition or issue of Financial Assets, which are not at Fair Value Through
Profit or Loss, are adjusted to the fair value on initial recognition. Purchase and sale of Financial
Assets are recognized using trade date accounting. However, trade receivables that do not contain
a significant financing component are measured at transaction price

Financial Assets measured at Amortised Cost (AC)

A Financial Asset is measured at Amortised Cost if it is held within a business model whose
objective is to hold the asset in order to collect contractual cash flows and the contractual terms
of the Financial Asset give rise to cash flows on specified dates that represent solely payments of
principal and interest on the principal amount outstanding

Financial Assets measured at Fair Value Through Other Comprehensive Income (FVTOCI)

A Financial Asset is measured at FVTOCI if it is held within a business model whose objective is
achieved by both collecting contractual cash flows and selling Financial Assets and the contractual
terms of the Financial Asset give rise on specified dates to cash flows that represents solely
payments of principal and interest on the principal amount outstanding

Financial Assets measured at Fair Value Through Profit or Loss (FVTPL)

A Financial Asset which is not classified in any of the above categories are measured at FVTPL.
Financial assets are reclassified subsequent to their recognition, if the Company changes its
business model for managing those financial assets. Changes in business model are made and
applied prospectively from the reclassification date following the changes in business model in
accordance with principles laid down under Ind AS 109 - Financial Instruments

Investment in Subsidiaries, Associates and Joint Ventures

The Company has accounted for its investments in Subsidiaries, associates and joint venture at
cost less impairment loss (if any). The investments in preference shares with the right of surplus
assets which are in nature of equity in accordance with Ind AS 32 are treated as separate category
of investment and measured at FVTOCI.

Other Equity Investments

All other equity investments are measured at fair value, with value changes recognized in
Statement of Profit and Loss, except for those equity investments for which the Company has
elected to present the value changes in ''Other Comprehensive Income''. However, dividend on
such equity investments are recognised in Statement of Profit and loss when the Company''s right
to receive payment is established.

Impairment of Financial Assets

In accordance with Ind AS 109, the Company uses ''Expected Credit Loss''(ECL) model, for
evaluating impairment of Financial Assets other than those measured at Fair Value Through Profit
and Loss (FVTPL).

ii)Financial Liabilities

Initial Recognition and Measurement

All Financial Liabilities are recognised at fair value and in case of borrowings, net of directly
attributable cost. Fees of recurring nature are directly recognised in the Statement of Profit and
Loss as finance cost.

Financial Liabilities are carried at amortised cost using the effective interest method. For trade
and other payables maturing within one year from the balance sheet date, the carrying amounts
approximate fair value due to the short maturity of these instruments

Derecognition of Financial Instruments

The Company derecognises a Financial Asset when the contractual rights to the cash flows from
the Financial Asset expire or it transfers the Financial Asset and the transfer qualifies for
derecognition under Ind AS 109. A Financial liability (or a part of a Financial liability) is
derecognized from the Company''s Balance Sheet when the obligation specified in the contract is
discharged or cancelled or expires.

(m) Non-current Assets Held for Sale

Non-current assets are classified as held for sale if their carrying amount will be recovered
principally through a sale transaction rather than through continuing use and sale is considered
highly probable.

A sale is considered as highly probable when decision has been made to sell, assets are available
for immediate sale in its present condition, assets are being actively marketed and sale has been
agreed or is expected to be concluded within 12 months of the date of classification.
Non-current assets held for sale are neither depreciated nor amortised. Assets and liabilities
classified as held for sale are measured at the lower of their carrying amount and fair value less
cost of disposal and are presented separately in the Balance Sheet.

(n) Earnings Per Share

Basic earnings per share is calculated by dividing the net profit after tax by the weighted average
number of equity shares outstanding during the year adjusted for bonus element in equity share.
Diluted earnings per share adjusts the figures used in determination of basic earnings per share
to take into account the conversion of all dilutive potential equity shares. Dilutive potential equity
shares are deemed converted as at the beginning of the period unless issued at a later date.

(n) Accounting Judgements and Estimation of Uncertainty

The preparation of the Company''s Financial Statements requires management to make
judgement, estimates and assumptions that affect the reported amount of revenue, expenses,
assets and liabilities and the accompanying disclosures. Uncertainty about these assumptions and
estimates could result in outcomes that require a material adjustment to the carrying amount of
assets or liabilities affected in next financial years.

b) Terms/ rights attached to the Equity Shares

The Company has only one class of Equity Shares having a par value of '' 10/- each. Each Shareholder is eligible one vote
per share. Any Shareholder whoes name is entered in the Register of Members of the Company shall enjoy the same
rights and be subject to the same liabilities as all other shareholders. The dividend, if any, proposed by the Board of
Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim
dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their shareholding.

25 Disclosure Pursuant to Employment Benefits

The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by
employees are recognised as an expense during the period when the employees render the services. The Company pays
gratuity to the employees who have completed five years of service with the Company at the time of resignation/
superannuation. The gratuity is paid @15 days basic salary for every completed year of service as per the Payment of
Gratuity Act, 1972, Hawever None of employee complete the minimum 5 year of service, hence no provision has been
made for gratuity payment.

26 Related Party Disclosure

As per Indian Accounting Standard 24 (Ind AS-24) ''Related Party Transactions'' as prescribed by Companies (Indian
Accounting Standards) Rules, 2015, the Company''s related parties and transactions are disclosed below

27 Commitments and Contingencies

A provision is recognized when the Company has present obligation as a result of past events and it is probable that an
outflow of resources will be required to settle such obligation, in respect of which a reliable estimate can be made.
Contingent liabilities not provided for in the accounts are disclosed in the account by way of notes specifying the nature
and quantum of such liabilities..

Under the Income Tax Act, 1961, assessment of income for the various assessment years have taken place under the
Income Tax Act, 1961. As a result a total demand of Rs.1988.89 Lakhs has arisen. Considering the nature of additions
made and recent judicial pronouncements, there are good chances that the additions shall be deleted in the appropriate
proceedings and therefore no provision in this respect has been made in respect of outstanding demand

28 Balances in the accounts of debtors, creditors and con-tracts and contractors, certain Bank Accounts are taken
subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for
discounts, claims and writing off sundry balances etc. will be recorded in the books.

29 C SR Activ ity

As per the Companies Act, 2013, all companies having a net woth of Rs. 500 crore or more, or a turnover of Rs. 1000 crore
or more or a net profit of Rs. 5 crore or more during any financial year are required to constiture a CSR Committee of the
Board of Director comprising three director. All such companies are requaired to spend at least 2% of the average net
profit of their three immediately preceding financial years on CSR-related activities., hence the provisions of CSR activity
not applicable to the company

The Management assessed that the fair value of financial liabilities approximate their carrying amounts largely due to the
short term maturities of these instruments

34 Financial risk Management:

The Company''s business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit
risk. The Company''s senior management has the overall responsibility for establishing and governing the Company''s risk
management framework

The Company''s activities expose it to credit risk, liquidity risk and market risk. This note explains the sources of risks
which the entity is exposed to and how it mitigates that risk.

Liquidity risk:

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The
Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due

Market risk:

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market prices. Market prices comprise three types of risk: currency rate risk, interest rate risk and other price risks, such
as equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings and
investments in securities.

Foreign currency risk

The Company is exposed to insignificant foreign exchange risk as at the respective reporting dates.

Credit Risk

Credit risk is the risk of financial loss to the Company that a customer or counter party to a financial instrument fails to
meet its obligations. The Company is exposed to credit risk from its investing activities, including deposits with banks.

Trade and other receivables:

The Company extends credit to customers in normal course of business. The Company considers factors such as credit
track record in the market and past dealings for extension of credit to customers. To manage credit risk, the Company
periodically assesses the financial reliability of the customer, taking into account the financial condition, current economic
trends, and analysis of historical bad debts and aging of accounts receivables. Outstanding customer receivables are
regularly monitored to make an assessment of recoverability. Receivables are provided as doubtful / written off, when
there is no reasonable expectation of recovery. Where receivables have been provided / written off, the Company
continues regular follow-up , engage with the customers, legal options / any other remedies available with the objective
of recovering these outstandings.

Cash and cash equivalents and other investments

The Company is exposed to counter party risk relating to medium term deposits with banks. The Company considers
factors such as track record, size of the institution, market reputation and service standards to select the banks with which
balances and deposits are maintained. Generally, the balances are maintained with the institutions with which the
Company has also availed borrowings. The Company does not maintain significant cash and deposit balances other than
those required for its day to day operations.

35 Exception items

during the year the management of the company has recongnised the impairement of inventory of Rs. 400.00 Lakhs and
in the financial statement the same was disclosed as exception item

36 Additional regulatory information required by Schedule III

i) Details of benami property held -

No proceedings have been initiated on or are pending against the company for holding benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

ii) Borrowing secured against current assets

No loan facilities availed by the Company against the current assets as primary security, hence, reporting Quarterly
return/statements reconciliation with books of accounts is not applicable.

iii) Wilful defaulter

Company have not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

iv) Relationship with struck off companies

The company has no transactions with companies struck off under Companies Act, 2013 or Companies Act, 1956.

v) Registration of charges or satisfaction with Registrar of Companies

No charges was created or satisfied during the year , hence the Registration of chrages or satisfication of charges with
Resistrar of Companies was not applicable

vi) Compliance with number of layers of companies

The company has complied with the number of layers prescribed under the Companies Act, 2013.

vii) Compliance with approved scheme(s) of arrangements

The company has not entered into any scheme of arrangement which has an accounting impact on current financial year.

viii) Undisclosed Income

The company has not surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

ix) Details of crypto currency or virtual currency

The company has not traded or invested in crypto currency or virtual currency during the current or previous year.

x) Valuation of PP&E, intangible asset and investment property

The company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets
during the current or previous year.

xi) Utilisation of equity and Share premium

The company has not advanced or loaned or invested funds to any other person(s) or entity(ies)_/ including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

a. 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

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

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:

a. 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

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries

37 Other Information

In the opinion of the management, the current assets and loans & advances are approximately of the value stated, if
realised / paid in the ordinary course of business. The provisions for all known liabilities is adequte and is not in excess of
amounts considered reasonably necessary.

38 In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry
Creditors dues there from are not ascertained as on the date of Balance Sheet.

39 Other information required under part I and Part II of schedule III of Companies Act 2013, are either NIL or NOT
Applicable

40 Previous year''s figures have been regrouped / rearranged wherever deemed necessary.

As per our attached report of even date For and on behalf of Board of Directors of

For Mohandas & Co. SANGUINE MEDIA LIMITED

Chartered Accountants
Firm Regd. No. 106529W

SD/- SD/- SD/-

^{CA. Belle Mohandas Shetty} Aditya R Suryavanshi Gayatri Chhedilal Gupta

Proprietor (Director) (Director)

Membership No : 031256 DIN: 07703306 DIN: 07704522

UDIN:24031256BKADPK3609

Place : Chennai
Date : 28/05/2024

---

Mar 31, 2015

1 Corporate Information

Sanguine Media Limited (bearing CIN No. L74210TN1995PLC032921) operates as a media Company in India. It manages various events, including entertainment shows, product launches, customer/ consumer meets, employee's motivational programs, training and development programs, international/Indian artist program, concerts, and television events. The company also provides rural marketing services, such as rural van operation/ video on wheels, market promotion, consumer contact/ promotion, promotional selling, promotional distribution, market research and Trading & Investment Activity in Shares & Securities & related instruments etc.

2. Terms/rights attached to the Equity Shares

The Company has only one class of Equity Shares having a par value of Re 1/- each. Each Shareholder is eligible one vote per share. Any Shareholder whose name is entered in the Register of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders. The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note: The company's equity share had been subdivided and face value per share had been split from Rs'10/- per share to Re' 1 /- as approved by share holders meeting held on 30th October, 2014.

d) Shares allotted as fully paid up by way of bonus shares (during 5 years preceding 31st March, 2015)

The Company have not allotted bonus shares during the 5 preceding financial year by the capitalisation of Securities Premium and Reserves.

3. Research & Development Expenses

The expenditure on Research & Development is not sepa-rately ascertainable as the same has been included under various heads of expenditure in the Profit & Loss Account.

4. Segment Reporting:

The Company has only one segment of activity of dealing in share & securities during the period, hance segment wise reporting as defined in accounting standard 17 is not applicable.

5. Related Party Disclosure

a) Related Parties and their relationship

ANNUAL REPORT 2014-15

Key Managerial Personnel

Mr. Kumar Raichand Madan Managing Director

Mr. Vanraj dadbhai Kahor Director (resigned on 26/12/2014)

Mr. Dhiresh Uttamchand Munver Director

Mr. Ami Jigar Motta Director

Mr. Devendra Prabhakar Otavakar Director

6. Contingent Liabilities/Assets

A contingent liability is a possible obligation that arises from past events whose existance will be confirmed by the occurency on 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 the settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be measured reliably. The Company does not recognize a contingent liability but discloses its existances in the financial statements.

Contingent assets are not recognized in the financial statements. However contingent assets are assessed continually and if it is virtually certain that an economic benefit will arise, assets and related income are recognized in the period in which the change occurs.

7. Balances in the accounts of debtors, creditors and con-tracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing off sundry balances etc. will be recorded in the books.

8. In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

9. Previous year's figures have been regrouped/ rearranged wherever deemed necessary.

---

Mar 31, 2014

1. Share Capital

a) Terms/rights attached to the Equity Shares

The Company has only one class of Equity Shares having a par value of Rs. 10 each. Each Shareholder is eligible one vote per share. Any Shareholder whose name is entered in the Register of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders. The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

b) Shares allotted as fully paid up by way of bonus shares (during 5 years preceding March 31, 2014)

The Company have not allotted bonus shares during the 5 preceding financial year by the capitalisation of Securities Premium and Reserves.

2. Research & Development Expenses

The expenditure on Research & Development is not separately ascertainable as the same has been included under various heads of expenditure in the Profit & Loss Account.

3. Segment Reporting:

Segment reporting is not applicable.

4. Related Party Disclosure

a) Related Parties and their relationship

Key Managerial Personnel

Mr. Kumar Raichand Madan : Managing Director

Mr. Vanraj dadbhai Kahor : Director

Mr. Dhiresh Uttamchand Munver : Director

Mr. Ami Gigar Motta : Director

Mr. Devendra Prabhakar Otavakar : Director

5. Contingent Liabilities/Assets

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occourency on non occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognised because it is not probable that an outflow of resources will be required to the settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be measured reliably. The Company does not recognise a contingent liability but discloses its existances in the financial statements. Contingent assets are not recognised in the financial statements. However contingent assets are assessed continually and if it is virtually certain that an economic benefit will arise, assets and related income are recognised in the period in which the change occurs.

6. Balances in the accounts of debtors, creditors and contracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing off sundry balances etc. will be recorded in the books.

7. In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

8. Previous year''s figures have been regrouped/rearranged wherever deemed necessary.

---

Mar 31, 2013

1 Cnrporart Information

Sanguine Media Limited , is a company incorporated in Septmher 1W5 under the Indian (Unipuiije, Ad, 1956, Sanguine Media Limned operates m, a media company in India- It manages various events including enterlainmenl shows, product launches, customer/consumer meets, employees motivational programs, training and development programs. international/Indian artist program. concerts, and''tele vision events. The company also provides rural marketing services, such as rural van operation/video on wheels, market promotion. consumer contact/promotion, promotional selling, promotional disrribuiK>n. marlei research and Trading & Investment Activity in Shares & Securities & related instruments etc.

2 Presentation and DisckMure of Financial Statement

During Hie year ended 31-03-M13, [he revised Schedule V| nnlificd under Ihe Companies Act lu56. has become applicable to die company for preparetiun and pttsentaikm of its financial statements. The adoplion of revised Schedule VI dfic&noi imped recognition and measurement principle* tollohvcJ fnr preparation of financial statements. huuevcv . n has sugnificum impact un presentation Olid disclosures made in the financial statement*. The Company has also reclassified the previous year figures in accordance with the requirement applicable in the current year Company has only nne class of Equity Shares having a par value of ID each. Each Sliareholder is eligible one vole per share. Any Shareholder whocs name is entered in ihe Register of Members of the Company shall enjoy the same rights and be subject lo the same liabilities as all drier shareholders. The dividend, if any. proposed by ihe Board oi'' Directors is mbjeel to the approval of the shareholders in Hie ensuing Annual General Meeting except in ease of inlerint dividend- In the even! of liquidation. the equily shareholders are eligible tfl receive the remaining assets of the Company after distribution of all preferential amounts. in proportion to their shareholding.

shareholders is holding more than 5 % shares in the company * Kquny Shares of'' III each fuly paid up

hares allotted as fully paid up by way of bonus shares (during S years preceding March 31, IUI3)

The Company hsrve not al lotted bonus shares during the 5 preceding financial year by (he capitalisation of Securities Premium and Reserves.

The expenditure an Research & Dcvclapmenl is not scpa-ratdy ascertainable as Hie sanit lias been included under various heads of cxptfnJilUre ill thdPrdfil & E.OSS Account.'' ecognised becntist t is not nmnahie dint an outflow of resources financial statements assets rccogniMSd in the finnacijl snienicmis However eonlinfleni assets ore assessed continually and virtually certain bene In a ill arise, assets and related income sue recognised in uhich Ihe change

occurs

3 Balances in the iicL-iTuniH n( ilebh>r-,, crcdilnrs and enn-trqcis and contractors. cenain hank Accounts are taken subject to confirmation and reconciliation and only upon such confinnaiuin and reconciliation. the entries for

discounts. claims and uritinii oil'' sundry bal;ince etc. will be recorded in the hooks

In ihe absence nt''detailed inrbrmution from Small Scale and Ancillary Undertaking, included under Ihe head Sundry Creditors dues then: from are not useeiiamed as on ihe date of Balance Sheet,

4 figurcs have been regrouped I rearranged wherever deemed necessary.

---

Mar 31, 2011

1. Foreign Currency : Nil.

2. Disclosure for Retirement Benefits under Accounting Standard 15:

No provision has been made on account of Bonus and Gratuity and present liabilities for future payment of gratuity employees.

3. Disclosure for Segment Reporting under Accounting Standard 17:

Accounting Standard in respect of Segment reporting is not applicable to the company as the operation of the company is in nature of an integrated system of function.

4. Disclosures for Contingent Liabilities under Accounting Standard 29:

Contingent Liabilities: Nil

5. In the opinion of the Board, all sundry debtors and other receivables are approximately of the Value stated if realized in the ordinary course of business.

6. Revenue Recognition

Revenue will be recognized on completion of the projects/telecast of ads / Print of ads in television/news papers.

7. None of the Directors are interested in the loans and advances as per section.295 of Companies Act, 1956.

8. The Company has not declared any dividend.

9. Previous year's figures have been regrouped/ reclassified wherever necessary .All the figures have been rounded off to the nearest rupee.

---

Mar 31, 2010

1. Foreign Currency: Nil.

2. Disclosures for Retirement Benefits under Accounting Standard 15:

No provision has been made on account of Bonus and Gratuity and present liabilities for future payment of gratuity employees.

3. Disclosures for Segment Reporting under Accounting Standard 17:

Accounting Standard in respect of Segment reporting is not applicable to the company as the operation of the company is in nature of an integrated system of function.

4. Disclosures for Related Party under Accounting Standard 18:

Key Managerial Persons:

# Mr. C. V.Ravi Whole Time Director Managerial Remuneration Paid: 2009-10

# Mr. C.V.Ravi NIL #Ms.V.N. Parvathi NIL

5. Disclosures for Deferred Tax under Accounting Standard 22:

The deferred tax liability as at 31st March 2010 comprise of the following:

6. Disclosures for Contingent Liabilities under Accounting Standard 29;

Contingent Liabilities : Nil

7. In the opinion of the Board, all sundry debtors and other receivables are approximately of the value stated if realized in the ordinary course of business.

8. Revenue Recognition

Revenue will be recognized on completion of the projects/telecast of ads / Print of ads in television/news papers.

9- None of the Directors are interested in the loans and advances as per section.295 of Companies. Act, 1956.

10. The Company has not declared any dividend.

11. Previous years figures have been regrouped/ reclassified wherever necessary .All the figures have been rounded off to the nearest rupee.