1.1.  Basis of Preparation and Presentation
 
 The financial statements are prepared in accordance with Indian
 Generally Accepted Accounting Principles (GAAP) under the historical
 cost convention on the accrual basis. The Financial Statements comply
 in all material aspects with all the applicable accounting standards
 notified u/s 211 3(c) of the Companies Act 1956 and the relevant
 provisions of the Companies Act 1956.
 
 All significant accounting policies adopted in the Preparation and
 Presentation of financial statements has been disclosed.  The
 fundamental accounting assumptions, viz. Going Concern, Consistency and
 Accrual are being followed in financial statements. There is no change
 in policies being followed by the Company.
 
 1.2.  Use of Estimates
 
 The preparation of Financial Statements in conformity with Generally
 Accepted Accounting Principles requires the management to make
 estimates and assumptions that affect the reported amount of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 period end.  Although these estimates are based upon managements'' best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 1.3 Deferred revenue expenditure on account of fee for increase in the
 Authorized capital and the GDR issue expenses is amortized over a
 period of 5 years.
 
 1.4 Preliminary expenditure is amortized over a period of five years in
 equal instalments.
 
 1.5 Accounting policies not specifically referred to herein above is in
 consistent with generally accepted accounting practices.
 
 1.6 Inventories (AS 2)
 
 Inventories of Raw Materials, Work-in-Progress and Finished Goods are
 valued at lower of cost or estimated net realizable value. Cost is
 taken on FIFO or specific identification basis. Net realizable value of
 Raw Materials, Work-in-Progress and Finished Goods is taken as
 estimated by the management.
 
 1.7 Cash Flow Statement (AS 3)
 
 Cash Flow Statement is prepared under indirect method. Cash and Cash
 Equivalents are defined as cash in hand, demand deposits and short
 term, highly liquid investments readily convertible to known amounts of
 cash and subject to insignificant risk of change in value. For the
 purpose of Cash Flow Statement, cash and cash equivalents include bank
 overdraft.
 
 1.8 Net Profit or Loss for the Period, Prior Period Items and Changes
 in Accounting Policies (AS 4)
 
 All items of income and expense, recognised in a period are included in
 the determination of net profit or loss for the period. This includes
 profit or loss from ordinary activities, extraordinary items and the
 effects of changes in accounting estimates/policies. The nature and
 amount of prior period items are separately disclosed in the statement
 of profit and loss in a manner that their impact on the current profit
 or loss can be perceived.
 
 1.9 Contingencies and Events Occurring after the Balance Sheet Date (AS
 5)
 
 As per AS 4, assets and liabilities are adjusted for events occurring
 after the balance sheet that provide additional evidence to assist the
 estimation of amounts relating to conditions existing at the balance
 sheet date or those indicating the fundamental accounting assumption of
 going concern is not appropriate.
 
 Those events occurring after the balance sheet date that represent
 material changes and commitments affecting the financial position of
 the enterprise are disclosed in the Director''s Report.
 
 1.10 Depreciation (AS 6)
 
 Depreciation for all assets is provided on Written Down Value Method in
 the manner laid down in Schedule XIV to the Companies Act, 1956. The
 depreciation has been calculated on a pro-rata basis from the date on
 which the asset is purchased or put to use whichever is later.
 
 1.11 Construction Contracts (AS 7)
 
 Since the company is not into the business of construction, the policy
 related to the same has not been formulated.
 
 1.12 Revenue Recognition (AS 9)
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue will be
 relatively measured.
 
 For advertisements, the commission is recognized when the related
 advertisement or commercial appears before the public i.e. on telecast.
 Programmes/Modules production and acquisition costs are net of
 recoveries. Sale is recognized when risk and reward of ownership is
 passed on to the customers. For services revenue is recognized when the
 service is completed.
 
 1.13 Fixed Assets (AS 10)
 
 Fixed assets are stated at cost less depreciation. Cost comprises of
 capital costs and incidental expenses attributable to bringing the
 assets to working condition for its intended use. All capital costs and
 incidental expenditure relating to pre operational period are shown as
 capital work in progress. Where an indication of impairment exists, the
 carrying amount of the asset is assessed and written down immediately
 to its recoverable amount.
 
 Gains and losses on disposals are determined by comparing proceeds with
 carrying amount and are included in profit/ (loss). On disposal of
 revalued assets, amounts in revaluations reserve relating to those
 assets are transferred to accumulated profits.
 
 1.14 Accounting For Effects of Changes in Foreign Exchange Rate (AS 11)
 
 Transactions in foreign currencies are recognized at rate of overseas
 currency ruling on the date of transaction. Gain/Loss arising on
 account of rise or fall in overseas currencies vis-a-vis reporting
 currency between the date of transaction and that of payment is charged
 to Profit and Loss Account.
 
 Receivables/payables {Excluding for fixed assets} in foreign currencies
 are translated at the exchange rate ruling at the year ended date and
 resultant gain or loss is accounted for in the Profit and Loss Account.
 Increase/decrease in foreign currency loan on account of exchange
 fluctuation is debited or credited to the Profit and Loss Account.
 Impact of Exchange fluctuation is separately disclosed in notes to
 accounts.
 
 Gain/Loss on translation of financial statements of non-integral
 foreign operations as on Balance Sheet date is recognized in Foreign
 Currency Translation Reserve (FCTR) Account, included in Reserves and
 Surplus, till the disposal of foreign operations.
 
 1.15 Government Grants (AS 12)
 
 Grants from government are recognised where there is reasonable
 assurance that the company will comply with the conditions attached and
 that the ultimate collection will be made.
 
 1.16 Accounting for Investments (AS 13)
 
 Current Investments are held at lower of cost and NAV/market value.
 
 Long term investments are held at cost less diminution, if any, in the
 carrying cost of investment other than temporary in nature. Loss, if
 any, sustained by any subsidiary is not recognized unless it is
 permanent in nature.
 
 1.17 Accounting for Amalgamations (AS 14)
 
 The company has no plans for undergoing any amalgamation or de-merger
 and hence, no policy has been formulated for the same.
 
 1.18 Accounting for Employees Benefits (AS-15)
 
 Liabilities in respect of retirement benefits to employees are provided
 for as follows:- -Contribution to Provident Fund and other recognized
 Funds are charged to Profit & Loss Account.  -The Gratuity liability is
 paid by the Company out of own funds. The Provision for the gratuity is
 made on the basis of Actuarial Valuation. The provision for gratuity is
 recomputed at the end of each financial year.
 
 1.19 Borrowing Costs (AS 16)
 
 Borrowing costs are interest and other costs that an entity incurs in
 connection with the borrowing of funds. A qualifying asset is an asset
 that necessarily takes a substantial period of time to get ready for
 its intended use or sale. Borrowing costs that are directly
 attributable to the acquisition, construction or production of a
 qualifying asset form part of the cost of that asset. Other borrowing
 costs are recognised as an expense.
 
 1.20 Segment Reporting (AS 17)
 
 The company discloses information if any to enable users of its
 financial statements to evaluate the nature and financial effects of
 the business activities in which it engages and the economic
 environments in which it operates.
 
 1.21 Related Party Disclosure (AS 18)
 
 For the purpose of the financial statements, parties are considered to
 be related to the Company if the Company has the ability, directly or
 indirectly, to control the party or exercise significant influence over
 the party in making financial and operating, decisions, or vice versa,
 or where the Company and the party are subject to common control or
 common significant influence. Related parties may be individuals or
 other entities, corporations and associates of common significant
 influence.
 
 1.22 Accounting for Leases (AS 19)
 
 For lease agreements where all the risks and rewards incident to
 ownership of an asset are substantially transferred to the lessee
 (Finance Lease), they are recognised as liability since the inception
 of agreement. For others, (Operating Lease), the lease payments are
 recognised as expense in the Profit & Loss Statement on a straight line
 basis over the term of agreement.
 
 1.23 Earnings Per Share (AS 20)
 
 For the purpose of calculation of EPS (Basic and Diluted) the net
 profit attributable to Equity Shareholders as per Profit and Loss
 Account is taken. The weighted number of shares is considered for the
 purpose of calculation of Basic and Diluted EPS.
 
 1.24 Consolidated Financial Statements (AS 21)
 
 The company prepares and publish consolidated financial statements in
 respect of the group as per AS-21.
 
 1.25 Accounting for Taxes on Income (AS 22)
 
 Income tax expense is determined on the taxable profits under Income
 Tax Act after setting off of unabsorbed losses and unabsorbed
 depreciation. Provision for MAT is made if current tax on taxable
 profits is less than the MAT applicable.  Deferred tax assets and
 liabilities are measured using the tax rates expected to apply to
 taxable income in the years in which those temporary differences are
 expected to be recovered or settled based on tax rates enacted or
 substantively enacted at the Balance Sheet date. Deferred tax
 liabilities are recognized for all taxable temporary differences.
 Deferred tax assets are recognized for all deductible temporary
 differences, carry forward of unused tax assets and unused tax losses,
 to the extent that it is probable that taxable profit will be available
 which the deductible temporary differences, carry forward of unused tax
 assets and unused tax losses can be. The carrying amount of deferred
 tax assets is reviewed at each Balance Sheet date. DTA is reduced to
 the extent that it is no longer probable that sufficient taxable profit
 will be available to allow all or part of the deferred tax assets to be
 utilized.
 
 1.26 Accounting for investment in associates in Consolidated Financial
 Statements (AS 23)
 
 An associate is an enterprise in which the investor has significant
 influence and which is neither a subsidiary nor a joint venture of the
 investor. The company has no associate concern.
 
 1.27 Discontinuing Operations (AS 24)
 
 During the year the Company has not discontinued any of its operations
 nor has planned any discontinuation.
 
 1.28 Interim Financial Reporting (AS-25)
 
 The Company is publishing un-audited quarterly financial results as per
 clause 41 of the Listing Agreement with BSE and the same have been duly
 limited reviewed by the statutory auditors.
 
 1.29 Accounting for Intangible Assets (AS 26)
 
 Film and Program and Broadcasting Rights (Satellite Rights)
 
 Acquired Satellite Rights for the broadcasting of feature films and
 other purchasing such as multi-episode television serials are stated at
 cost. All expenditure on Satellite Rights is recognized as intangible
 assets, till they become available for telecast on television.
 Satellite Rights disclosed under intangible assets represent rights,
 which are available for use as at the date of Balance Sheet. Expected
 benefits from use or sale of satellite rights are estimated by the
 management. These are amortized over pattern of economic benefits as
 per best estimates by the management. While estimating economic
 benefits management consider variety of factors such as the level of
 market acceptance of television products, programming viewership,
 advertisement rates etc.
 
 Film Production costs, distribution and related rights
 
 Upon the theatrical release of a content, the cost of
 production/acquisition of all the rights related to each such content
 is amortized in the ratio that current period revenue for the content
 bears to the management''s estimate of the remaining unrecognized
 revenue for all the rights arising from the content, as per the
 individual-film-forecast method. The estimates for remaining
 unrecognized revenue for each of the content is reviewed periodically
 and revised if necessary.  Expenditure incurred towards production of
 content not complete as at the date of Balance Sheet and amounts paid
 under contractual terms for acquiring distribution rights and related
 rights of content not released in theatres as the date of Balance Sheet
 are classified as intangible assets under development.
 
 1.30 Financial reporting of interest in Joint Ventures (AS 27)
 
 The Company has no Joint Venture.
 
 1.31 Impairment of Assets (AS 28)
 
 The carrying amounts of the Company''s assets, are reviewed at each
 Balance Sheet date to determine whether there is any indication of
 impairment. If any such indication exists, the asset''s recoverable
 amount is estimated. An impairment loss is recognized whenever the
 carrying amount of an asset exceeds its recoverable amount. Impairment
 loss is charged to the Profit and Loss Account unless it reverses a
 previous revaluation, credited to reserves, in which case it is charged
 to reserves.
 
 1.32 Provisions and Contingent Liabilities (AS 29)
 
 (a) Provisions: A provision is recognized when an enterprise has a
 present obligation as a result of past event and it is probable that an
 outflow of resources will be required to settle the obligation, in
 respect of which a reliable estimate can be made. These are reviewed at
 each Balance Date and adjusted to reflect the management''s current
 estimates.
 
 (b) Contingent Liabilities: A disclosure for a contingent liability is
 made when there is a possible obligation or a present obligation that
 may, but probably will not, require an outflow of resources.
 
 1.33 Trade Receivables and Payables
 
 Trade and other receivables are stated at their original invoice amount
 less allowance for doubtful debts based on a review of all outstanding
 amounts at year end. An allowance for doubtful debts is made when there
 is objective evidence that the Company will not be able to collect all
 amounts due according to original terms of receivables. Bad debts are
 written off when identified.  Trade and other payables are stated at
 cost.