a) Figures of previous year have been regrouped and reclassified
 wherever necessary to make them comparable.
 
 b) The current assets and loans and advances are approximately of the
 value stated in the Balance Sheet, if realised in the ordinary course
 of business.
 
 c) Related Party Transactions: As per Accounting Standard (AS-18)
 Related Party Disclosures, notified in the Companies (Accounting
 Standards) Rules-2006, the disclosure of Transactions with the related
 parties are given below:
 
 (ii) Subsidiaries Companies:
 
 1.  Seengal Animation Pvt. Ltd, Chandigarh.
 
 (iii) Associate Companies:
 
 1.  Interactive Creative Media Pte. Ltd., Singapore 
     (Now known as Golden Games Pte. Ltd)
 
 2.  Global Internet Ltd., Chandigarh
 
 3.  Premier Brands Pvt. Ltd.  (iv) Related Companies:
 
 1.  Celluloid Dreams Pvt. Ltd., Mumbai
 
 e) The balances of sundry debtors and sundry creditors are subject to
 confirmation by the respective parties. The figures included in the
 financial statements are as certified by management.
 
 f) Although the company has created providion for bad & doubtful debts
 of Rs.  180,924,000.00 but the creditors have approached for amiable
 settlements. The creditors have offered 20% preferred returns on the
 investments with 10 % net profit from the gross box-office revenues for
 the first 5 years from the date of theatrical release of the film.
 
 g) All receipts and expenditures(including traveling expenses) received
 / incurred in foreign currency have been properly accounted in
 respective heads i.e. Income From Operations, Project Development
 Expenses and Traveling Expenses (Head Office).
 
 h) There was no revenue generated from own film production business
 during the year.
 
 i) The accounting of investment in Films has been made as per
 International Accounting Standards.  
 
 j) As per Accounting Standards 21 on “Consolidated Financial
 Statements” issued by ICAI the company has presented consolidate
 financial separately including subsidiary, in this annual report.  
 
 k) Deferred Tax Adjustment for the current year amounted to Rs.
 103,165.32
 
 l) Additional information pursuant to provision of part II of schedule
 VI of the Companies Act, 1956 (to the extent applicable). The income
 from operation of the Company comprises of to develop, produce and
 market animation films.  The nature of which is such that it is not
 possible to give details regarding capacity, quantitative details of
 turnover, purchase and stocks.
 
 m) There were two employee who were paid remuneration exceeding the
 prescribed limitunder section 217 (2A) of the Companies Act, 1956
 during the year.