(a) Contingent Liabilities –NIL {Previous Year-NIL}
(b) Contingent Liabilities not provided for on account of capital
commitments towards capital expenditure (Net of Advances)-INR 100
Million (Previous Year 150 Million)
(c) Earnings per share
For the purpose of calculation of EPS (Basic and Diluted) the Net
Profit has been taken at INR (-) 57.57 Million {Previous Year (-) 5.62
Million} which is as per the Profit and Loss Account. The weighted
number of shares for the purposed of calculation of basic and diluted
EPS has been taken as 110205700.
(d) Related party disclosure
Disclosure as per the requirement of the standard is furnished below:
(a) List of Related Parties
(i) Subsidiary Company (Overseas) : Kohinoor Broadcasting
Corporation FZE, Sharjah, UAE
(ii) Subsidiary Company (Indian) : KBC Power Corporation Limited
(iii) Associate Company : NIL
(iv) Joint Venture : NIL
(v) Holding Company : NIL
(vi) Group company : NIL
(vii) Key Managerial Persons : Mr. Mangal Singh
Mr. Harjinder Singh
(viii) Relatives of Key Managerial Persons : NIL
(xi) Entities over which Key Managerial persons / their : Tagore
Theatres Private Limited relatives are able to exercise significant
influence.
(b) Transactions Carried Out with related parties:- (i) Investments
Realized During the Year from wholly INR 63.53 Million
owned subsidiary Company viz. Kohinoor Broadcasting
Corporation FZE, Sharjah, UAE
(ii) Investments made during the year in Indian subsidiary INR 3.68
Million
(iii) Investment made in Tagore Theatres Pvt. Ltd. INR 9.02 Million
(iv) Remuneration to Key Managerial Persons INR 0.52 Million
(e) The maximum amount invested in non-scheduled bank at any time
during the year is NIL {Previous Year Nil}.
(f) 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.
(g) Trade and other payables are stated at cost.
(h) As per the information available with the Company, no amount is due
to Small Scale Ancillary Industrial Undertakings as at 31st March,
2011.
(i) Tax deducted at source on interest income is NIL (Previous Year
Nil).
(j) Audit Fee Comprises:-
- As Statutory Auditors - INR 1.05 Lacs (Previous Year INR 1.25 Lac)
- Certification Matters -INR 0.10 Lacs (Previous Year INR 0.20 Lacs)
- Reimbursement of Expenses -INR 0.05 Lacs (Previous Year INR 0.05
Lacs)
(o) Disclosure in terms of Clause 32 of Listing Agreement with Stock
Exchange.
. The Company has not given any Loans and Advances to its
subsidiaries for which disclosure is required.
. During the year the Company has realized its investment to the
tune of INR 63.53 Million {US$ 1.6 Million} in Kohinoor Broadcasting
Corporation FZE, a wholly owned subsidiary Company, registered at
Hamriyah Free Trade Zone, Sharjah - UAE.
.During the year the Company has made investments in KBC Power
Corporation Limited, Indian subsidiary to the tune of INR 3.68 Million.
. The Company does not have any holding Company.
(p) Remuneration to Directors INR 8.22 Lacs (Previous Year INR 8.80
Lacs) which is in terms of Section 198, 269, 309 read with Schedule XII
and other applicable provisions of the Companies Act, 1956.
(q) Additional information required to be given pursuant to Part II of
Schedule VI to the Companies Act, 1956 is as follows:
The Company is not engaged in to any manufacturing activity. The
Company is in the business of producing television content, which is
not subject to any license. Hence licensed capacity is not given.
Further the nature of business of Company is such that the installed
capacity is not quantifiable. The Company is not engaged in to any
manufacturing activity. Therefore, the additional information with
respect to Raw Material, Production, Sale and quantity details thereof
has not been given.
.CIF Value of Imports NIL (Previous Year NIL)
Other Expenditure in Foreign Currency- Consultancy Fee : NIL (Previous
Year NIL) Securities : NIL (Previous Year NIL) Travelling Expenditure :
US$ 18500 (Previous Year US$ 5500) Investment in wholly owned
subsidiaries during the year: NIL (Previous Year NIL) Earning in
Foreign Exchange (FOB value of Exports)- NIL (Previous Year NIL)
.Receipts in Foreign Exchange-US$ 1.6 Million (Previous Year US$ 0.50
Million)
(r) Previous year''s figures are regrouped, rearranged, or recast
wherever necessary to conform to this year''s classification.
Schedule 1 to 15 and Notes on Accounts as per Schedule 16 form an
integral part of Financial Statement. |