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Trilogic Digital Media

BSE: 531712|ISIN: INE532D01018|SECTOR: Media & Entertainment
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Trilogic Digital Media is not listed on NSE
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Mar 14
Notes to Accounts Year End : Mar '15
1 CORPORATE INFORMATION :
 
 Trilogic Digital Media Limited (formerly knows as Rabha Plastics
 Limited) operates mainly in the field of Media And Entertainment
 
 2 Contingent Liabilities
 
 There are no contingent liabilities as on the 31st M arch 2015 which
 has any material effect on the presentation of financial statement.
 
 3 Change in accounting policy
 
 Effective 31st March, 2015, the Company has with retrospective effect
 changed its method of providing depreciation on fixed assets from the
 ''Straight Line'' method to the ''Written Down Value'' method, at the rates
 prescribed in Schedule XIV to the Companies Act, 1956.  Management
 believes that this change will result in more appropriate presentation
 and will give a systematic basis of depreciation charge, representative
 of the time pattern in which the economic benefits will be derived from
 the use of these assets. Accordingly, the Company has recognized an
 additional depreciation charge of Rs 1823935 to provide the
 retrospective effect for the change in accounting policy.
 
 4 Issue of Bonus Share
 
 Pursuant to the provisions of Section 110 and applicable provisions, if
 any of the companies Act, 2013 read with the Companies (Management and
 Administration) Rules ,2014 (the Rules) and Clause 35B of the Listing
 Agreement ,Shareholders have passed Special resolutions through Postal
 ballot and E-voting approving the issue of Bonus Share in the ratio 1:1
 and alteration of Capital Clause in Memorandum and Article of
 Association of the company
 
 
 5 Related Party Transaction
 
 Related Party Disclosure as required by Accounting Standard (As) - 18
 Related Party Disclosures Issued by The Institute of Chartered
 Accountants of India:
 
 a.  Subsidiary
 
 The Entertainment Hub (Partnership Firm)
 
 b.  Key Managerial Person (KMP)
 
 Mr. Vishal Shyam Gurnani Managing Director
 
 Mrs.Shivani Jaising Director
 
 Enterprise over which KMP
 
 c.  has significant influence
 
 Snip Marketing Private Limited Infinite Media Holdings Sphere
 Entertainment Private Limited
 
 
 6 Segment Reporting
 
 The Company operates in only one segment, namely Media &
 Entertainment hence there are no reportable segments under Accounting
 Standard 17 ''Segment Reporting''.
 
 7 Micro and small enterprises as defined under the MSMED Act, 2006
 
 There are no Micro and Small Scale Business Enterprises, to whom the
 Company owes dues, which are outstanding for more than 45 days as at
 March 31, 2015. This information as required to be disclosed under the
 Micro, Small and Medium Enterprises Development Act, 2006 has been
 determined to the extent such parties have been identified on the basis
 of information available with the Company.
 
 8 Inventories represents movies in the process of production in the
 ordinary course of business.
 
 9 The company does not make provisions for the Retirement benefits.
 
 10 The company does not have a whole time Company Secretary u/s 2 03 of
 Company Act 2013
 
 11 In the opinion of the management, the Current Assets, Loans and
 Advances and Current Liabilities are approximately of the value stated,
 if realised / paid in the ordinary course of business. The provision
 for all known liabilities is adequate and is not in excess of amounts
 considered reasonably necessary.
 
 12 Balances grouped under Non Current and Current Liabilities and Non
 Current and Current Assets in certain cases are subject to confirmation
 and reconciliation from respective parties.
 
 13 Previous year figures have been regrouped and re -arranged where
 ever necessary.
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