a.  Basis of Preparation of financial statements .
 
 The accompanying financial statements have been prepared under the
 historical cost convention and are in compliance with the applicable
 accounting standards issued by the institute of Chartered Accountants
 of India (ICAI) as referred to in section 211 (3c) of the companies
 Act, 1956.All items of income and expenditure having a material bearing
 on the financial statements have been recognised on the accrual basis.
 
 All assets and liabilities other than borrowings and deferred taxes)
 that are expected to be settled in the ordinary course of business
 within 12 months from the Balance Sheet date are separately stated as
 current assets or current liabilities respectively .  Borrowings
 repayable within one year from the date of Balance Sheet, if any have
 been disclosed separately.
 
 The accounting policies applied by the company, are consistent with
 those used in the previous year
 
 b.  Use of estimates
 
 The Preparation of financial statements in conformity with generally
 accepted accounting principles in India requires management to make
 estimates and assumptions that affect the reported amounts of assets
 and liabilities at the date of financial statements and notes thereto
 and the reported amounts of revenue and expenses during the accounting
 year. Actual results could differ from those estimates,
 
 c.  Fixed assets and depreciation
 
 Fixed assets
 
 Fixed assets are stated at cost less accumulated depreciation and
 impairment losses, if any, Cost includes all direct expenses incurred
 to bring an asset to working condition for its intended use .Financing
 costs, if any , relating to acquisition of qualifying fixed assets are
 also to the extent they relate to the period till such assets are ready
 to be put to use.  Amounts paid under contractual terms for purchasing
 fixed assets and fixed assets acquired but not put to use at the
 Balance Sheet date are classified as Capital Work in Progress.
 
 Assets interred to be sold or otherwise disposed off within twelve
 months from the Balance Sheet date, if any, are classified as other
 current assets and are disclosed as assets held for disposal, and are
 stated at the lower of net book value as estimated by management.
 
 Depreciation
 
 Depreciation on fixed assets other than intangible assets and leasehold
 improvements is provided on written down value method pro-rata to the
 period of use of the assets, at the annual depreciation rates stipulated
 in schedule XIV to the companies Act, 1956.
 
 d.  Intangible assets
 
 - License of Film Rights
 
 Costs incurred towards purchase of License of Film Rights are
 depreciated on Straight Line method pro-rata to the period of use of
 the assets, at the annual depreciation rates stipulated in schedule XIV
 to the companies Act, 1956.
 
 e.  Impairment
 
 The Carrying amounts of assets are reviewed at each balance sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss is recognised wherever the carrying amount
 of an asset exceeds its recoverable amount.  The recovemble amount is
 the greater of the asset''s net selling price and value in use.
 
 In assessing value in use, the estimated future cash flows are
 discounted to their present value at the weighted average cost of
 capital. After impairment, depreciation is provided on the revised
 carrying amount of the assets.
 
 f.  investments
 
 - Long-Term investments
 
 Securities intended at the of investment to be held for 12 months or
 more are classified as long term investments and are stated at cost,
 adjusted for any diminution In value that is not temporary in nature.
 Long term investments that are intended to be disposed within 12 months
 from the balance sheet date are reclassified as current investments,
 and are recorded at the lower of cost and carrying value as at the date
 of transfer.
 
 g.  Debtors & Creditors
 
 - the Debtors & Creditors balances are subject to confirmation by the
 respective parties.
 
 h.  Employee benefit plans
 
 Employee benefit plans comprise defined contribution plans,
 
 The Company contributes to a gratuity fund maintained by the Life
 Insurance Corporation of India (''LIC'') based upon actuarial valuation.
 
 i.  Taxation
 
 Tax expenses comprise current, deferred taxes, Provisions for Current
 taxes are made as per the current tax laws as regulated by the Income
 Tax Act, 1961, Deferred income taxes are recognized for the future tax
 consequences attributable to timing differences between financial
 statement determination of income and their recognition for tax
 purposes. The effect on deferred tax. assets and liabilities of a
 change in tax rates is recognized in income using the tax rates and tax
 laws that, have been enacted or substantively enacted by the balance
 sheet date .Deferred tax assets are recognized and carried forward only
 to the extent that there is reasonable certainty that sufficient
 future taxable income will be available against which such deferred tax
 assets can be realized .At each balance sheet date the company
 re-assesses unrecognized deferred tax assets and recognizes any
 unrecognized deferred tax assets to the extent that it has become
 reasonably certain or virtually certain, as the case may be that
 sufficient future taxable income will be available against which such
 deferred tax assets cab be realized Fringe benefit tax is not
 applicable, as it has been abolished from the Act,
 
 j. Earnings per share
 
 The earnings considered in ascertaining the company''s earnings per
 share are the net profit after tax. The number of shares used in
 computing the basic earnings per share is the weighted average number
 of equity shares outstanding during the year. The number of shares used
 in computing diluted earnings per share comprises the weighted average
 shares considered for deriving the basic earnings per share and also the
 weighted average shares, if any which would have been issued on the
 conversion of all dilative potential equity shares,
 
 k. Revenue Recognition
 
 - Theatrical Exhibition income is recognized when tickets are being sold
 and movie is exhibited.
 
 - Distribution Income is being recognized on the basis of Box office
 collections received from various exhibitors at gross amount inclusive
 of taxes.
 
 - Evert income is being recognized when such event is actually
 conducted and as per the terms of the relevant agreement.
 
 - Safe of Rights income is being recognized when title to such right is
 being transferred and as per the terms and conditions of the relevant
 agreement
 
 - Interest income is being recognized or time proportion basis.
 
 l. Foreign currency transactions.
 
 The Company had been following accounting standard 11 for recognizing
 foreign Exchange Differences which is disclosed as below:
 
 Transactions denominated in foreign currencies are recorded at the
 exchange rates prevailing on the date of transaction. At the year end,
 monetary items are converted into rupee equivalents at the year end
 exchange rates, No-monetary items which are carried at historical cost
 denominated in a foreign currency are reported using the exchange rate
 at the date of the transaction.
 
 All the exchange differences arising n settlement / conversion of
 foreign currency transactions are included in the profit and loss
 account, except in cases where they relate to the acquisition of fixed
 assets from outside India, in which case they are adjusted in the cost
 of corresponding asset.
 
 m. 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. Provisions are not discounted to
 their present values and are determined based on management''s estimate
 of the amount required to settle the obligation at the balance sheet
 date.  These are reviewed at each balance sheet date and adjusted to
 reflect the management''s current estimates.
 
 n. Segment reporting
 
 Segments have been identified in line with the Accounting Standards on
 Segment Reporting (AS 17) prescribed by Companies (Accounting
 Standards) Rules, 2006, taking into account the nature of services, the
 different risks and returns, the organizational structure and the
 internal financial reporting system. The Company is engaged in the
 business of Distributing movies, Serial broadcasts, and theatrical
 exhibition of movies. It has its operations confined only within India.
 Based on the dominant source and nature of risk and returns of the
 Company, its internal organization and management structure and its
 system of internal financial reporting, business segment has been
 identified as the primary segment.