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Moneycontrol.com India | Notes to Account > Media & Entertainment > Notes to Account from Asian Films Production and Distribution - BSE: 532047, NSE: N.A
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Asian Films Production and Distribution
BSE: 532047|ISIN: INE581B01035|SECTOR: Media & Entertainment
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Asian Films Production and Distribution is not listed on NSE
« Sep 10
Notes to Accounts Year End : Sep '11
(a) In the view of the Management, No Provision is required to be made
 for Depreciation on fixed assets except Depreciation on Computer. The
 effect of which can not be quantified, to that extent Profit for the
 year and balance in Profit & loss account is over stated.
 
 (b) The Company has not made any Provision regarding Gratuity liability
 as prescribed by the accounting standard 15 (Revised) on employee
 benefits.
 
 (c) Investments are long term and unquoted in nature and hence in the
 view of the management no provision for diminution in the value of
 investments is required to be made.
 
 (d) Segment Reporting: The Company Operates in single Segment. i.e.
 Media.
 
 (e) Related Party Disclosure :
 
 There is no transaction that has taken place during the year with
 related parties to be disclosed as required by Accounting Standard -18
  Related party Transaction issued by the Institute of Chartered
 Accountants Of India and notified by the Companies Accounting standard
 Rules – 2006.
 
 (f) The balances shown in the Balance sheet under the head of unsecured
 loans, Creditors, Debtors and Loans and Advances are each subject to
 confirmation from respective parties and are subject to adjustment if
 any, on receipt of confirmation.
 
 (g) The Company has not received any intimation from Suppliers
 regarding their status under Micro and Medium Enterprises Development
 Act, 2006 and hence disclosure , if any, relating to amounts unpaid as
 at year end together with interest paid/payable as required under the
 said Act have not been given.
Source : Dion Global Solutions Limited
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