a) AS - 1 Disclosure of Accounting policies
 
 The Financial Statements are prepared to compile with the Accounting
 Standards (AS) referred to in the Companies (Accounting Standard) Rules
 2006 issued by the central government in exercise of the power
 conferred under sub-section (i)(a) of Section 642 and the relevant
 provision of the Companies Act 1956 (the Act''). The accompanying
 financial statements are prepared in accordance with generally accepted
 accounting principles in India (“GAAP“), under the historical Cost
 convention on the accrual basis as a going concern. The company has
 consistently applied the accounting policies unless otherwise stated.
 
 b) AS - 2 Valuation of inventories
 
 Inventories are valued at Cost or Net Realizable Value whichever is
 lower. However Company is a service provider and it has no inventory.
 
 c) AS - 3 Cash Flow Statements
 
 The Cash flow statement is prepared under “ Indirect method” and the
 same is annexed.
 
 d) AS - 4 Contingencies and events occurring after Balance Sheet Date
 
 There are no contingencies and events accrued after Balance Sheet date
 for reporting.
 
 e) AS - 5 Net Profit or loss for the period, prior period items and
 changes in accounting policies
 
 Details of prior period debits to Profit and loss account:
 
 f) AS - 6 Depreciation accounting
 
 Depreciation is charged on straight-line method (SLM) method as per
 rates specified in schedule XIV of the Companies Act, 1956.
 
 In respect of additions/deductions during the year, pro-rata
 depreciation has been provided at the rates proscribed under schedule
 XIV.
 
 Depreciation in respect of assets acquired during the year, whose cost
 does not exceed Rs.5000/- has not been charged @100%.therefore a sum of
 Rs.54,369.86 has been less charged as depreciation.
 
 g) AS - 7 Construction Contracts
 
 The accounting standard is not applicable.
 
 h) AS - 8 Research & Development
 
 The accounting standard is withdrawn.
 
 I) AS - 9 Revenue recognition
 
 - Income of the company is derived from services. Revenue is recognized
 on accrual basis on the basis of
 
 - the com ces from In to revenue in the year in which it accrues.
 Income is stated in full with tax
 
 - Dividend is recognized as income as and when the right to receive
 such payment is established.
 
 - Other Income is accounted for on accrual basis in accordance with
 Accounting Standard (AS) 9 - “Revenue
 
 - Th ecomvenue and expenditure are accounted on a going concern basis.
 j) AS - 10 Accounting for fixed assets
 
 Fixed assets are stated at cost including directly attributable cost of
 bringing them to their respective working condition for intended use,
 less accumulated depreciation thereon.
 
 k) AS - 11 Accounting for effects of changes in foreign exchange rates
 
 There are no foreign currency transaction, hence it is not applicable.
 
 l) AS - 12 Accounting for Government Grants
 
 The company has not received any grants.
 
 m) AS - 13 Accounting for Investments-
 
 Investments are classified into current investments and long-term
 investments. The cost of investments includes acquisition charges such
 as brokerage charges, fees and duties. Current Investments are carried
 at lower of Cost and Fair Value.
 
 Long-term investments are valued at cost. Provision for diminution is
 made to recognize the decline, other than temporary, in the carrying
 value of each investment.
 
 n) AS - 14 Accounting for amalgamation
 
 During the year there was no amalgamation.
 
 o) AS - 15 Accounting for employee benefits
 
 - Short Term employee benefits are recognized as an expense at the
 undiscounted amount in the Profit & Loss account of the year in which
 the related service is rendered.
 
 - However no such expense has been recognised during the current
 period.
 
 b) Defined Benefit Plan
 
 The employees'' gratuity scheme is a Defined Benefit Plan(DBP). The
 present value of obligation is determined based on actuarial valuation
 using the Projected Unit Credit Method, which recognizes each period of
 service as giving rise to additional unit of employee benefit
 entitlement and measures each unit separately to build up the final
 obligation. The obligation for leave encashment is recognized in the
 same manner as gratuity.
 
 p) AS - 16 Borrowing cost
 
 The borrowing costs have been treated in accordance with accounting
 standard on borrowing cost issued by the ICAI.
 
 a) Amount of borrowing costs attributable to qualifying costs
 capitalized during the year.
 
 q) AS - 17 Segment reporting
 
 The company is a single product, single location company and hence the
 requirements of Accounting Standard 17 on Segment Reporting is not
 applicable.
 
 r) AS - 18 Related party disclosure
 
 Disclosure is made as per the requirements of the standard and the same
 is furnished below:
 
 List of related parties
 
 Sea TV Network Limited
 
 Subsidiary companies
 
 Sea Print Media and Publication Limited
 
 Holding companies NIL
 
 Fellow subsidiaries NIL
 
 Associate companies NIL
 
 Joint Venture NIL
 
 Key Managerial Personal
 
 Mr. Neeraj Jain                      Chairman & MD
 
 Mr. Panka Jain                       Director
 
 Mr. Akshay Kr. Jain                  Director
 
 Relatives of Key Management Personnel
 
 Mrs. Sonal Jain                      Wife of Mr. Neeraj Jain
 
 Mrs. Chhaya Jain                     Wife of Mr. Panka Jain
 
 Mr. Chakresh Kr. Jain                Brother of Mr. Akshay Kr. Jain
 
 t) AS - 20 Earning per share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividends and attributable taxes) by the weighted
 average number of equity shares outstanding during the period.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilative potential equity shares. The
 Company does not have any outstanding diluted Potential equity shares,
 consequently the basic and diluted earning per share of the Company
 remain the same.
 
 Disclosure is made in the Profit and Loss A/c as per the requirements
 of the standard.
 
 u) AS - 21 Consolidated financial statements
 
 Company has three subsidiaries namely Sea News Network Ltd., Jinvani
 Telemedia Service Ltd and Sea Print Media and Publication Ltd.
 Consolidated financial statements have been prepared and reported as
 per (AS) requirement.
 
 v) AS - 22 Accounting for taxes on income
 
 The Provisions for tax for the period ended 31.03.2011 is made in
 accordance with provisions of Income tax Act, 1961.
 
 w) AS - 23 Accounting for investments in associates in consolidated
 financial statements
 
 Not applicable
 
 x) AS - 24 Discontinuing operations
 
 During the year the company has not yet discontinued any of its
 operations.
 
 y) AS - 25 Interim Financial reporting
 
 Company has not selected for any interim financial reporting.
 
 z) AS - 26 Accounting for intangible assets
 
 During the year company acquired the following assets falling under the
 definition of intangible assets as per account standard and the
 following discourse is made in respect of these assets.
 
 (i) Trademark-
 
 I. Esteemed useful life 10 Year
 
 ii. Amortisation rates used 10%each year as deprecation
 
 Gross carrying amount in the beginning and at the end of year together
 with addition and deletion during the year.
 
 aa) AS - 27 Capital commitments of reporting entity in joint venture
 
 Not applicable
 
 ab) AS - 28 Impairment of assets
 
 The carrying amounts of assets are reviewed at each Balance Sheet date
 to determine whether there is any indication of impairment. If any
 indications exist, the recoverable amount is estimated. An impairment
 loss is recognized wherever the carrying amount of an asset exceeds its
 recoverable amount.
 
 ac) AS - 29 Provisions, contingent liabilities and contingent assets
 
 i) Provision are recognized for liabilities that can be measured only
 by using a substantial degree of estimation, if
 
 a) The company has a present obligation as a result of past event,
 
 b) A probable outflow of resources is expected to settle the obligation
 and
 
 c) The amount of obligation can be reliably estimated.
 
 Reimbursements expected in respect of expenditure required to settle a
 provision is recognized only when it is virtually certain that the
 reimbursement will be received.  ii) Contingent Liability is disclosed
 in the case of estimation, if
 
 (a) A present obligation arising from the past event, when it is not
 probable that an outflow of resources will be required to settle the
 obligation.
 
 (b) A possible obligation, of which the probability of outflow of
 resources is remote. Provisions, Contingent Liabilities and Contingent
 Assets are reviewed at each Balance Sheet date.  probable that an
 outflow of resources will be required to settle the obligation.
 Contingent Assets are neither recognized nor disclosed.  iii)
 Contingent Liabilities are detailed in note no.7 to notes on accounts.