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Radaan Mediaworks India Ltd.

BSE: 590070 | NSE: RADAAN |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE874F01027 | SECTOR: Media & Entertainment

BSE Live

Nov 29, 16:00
1.62 0.01 (0.62%)
Volume
AVERAGE VOLUME
5-Day
37,195
10-Day
29,829
30-Day
29,245
94,918
  • Prev. Close

    1.61

  • Open Price

    1.69

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Nov 29, 15:59
1.60 0.05 (3.23%)
Volume
AVERAGE VOLUME
5-Day
84,550
10-Day
110,234
30-Day
97,935
29,971
  • Prev. Close

    1.55

  • Open Price

    1.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1.60 (54)

Annual Report

For Year :
2015 2014 2013 2012 2011 2010 2008 2007 2006

Auditor's Report

We have audited the attached Balance Sheet of RADAAN MEDIAWORKS (I) Limited as at 31st MARCH 2006 and also the Profit and Loss Account of the Company for the year ended on that date. These financial statements are the responsibility of the Companys management Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with auditing standards generally accepted in India. These Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As required by the Companies (Auditors Report) Order, 2003 issued by the Department of Company Affairs, in terms of sub-section 4(A) of section 227 of the Companies Act, 1956 we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order to the extent applicable to the company. Further to our comments in the Annexure referred to above, we report that: a) We have obtained all the information and explanation, which to the best of our knowledge and belief were necessary for the purpose of our audit; b) In our opinion, proper books of account as required by the law have been kept by the Company, so far as appears from our examination of those books. c) The Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of account; d) In our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report comply with the accounting standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956. e) On the basis of written representations received from the directors, and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31st March 2006 from being appointed as a director in terms of Clause (g) of Subsection (1) of Section 274 of the Companies Act, 1956. f) In our opinion and to the best of our information and according to the explanations given to us, the said accounts together with the notes thereon, give the information required by the Companies Act, 1956 in the manner so required, and give a true and fair view in conformity with the accounting principles generally accepted in India. i) In the case of Balance Sheet, of the state of affairs of the Company as at 31st March 2006. ii) In the case of Profit and Loss Account, of the Profit for the year ended on that date, and in) In the case of cash flow statement, of the cash flows for the year ended on that date. For CNGSN & ASSOCIATES Chartered Accountants (Sd/-) C.N. GANGADARAN Place: Chennai Partner Date : 31.07.2006 Memb. No. 11205 ANNEXURE TO THE AUDITORS REPORT Annexure referred to in paragraph 3 of the report of even date of the Auditors to the members of RADAAN MEDIAWORKS (I) LIMITED on the accounts for the year ended 31st March 2006. 1) (a) The Company is maintaining proper records, showing full particulars including quantitative details and situation of fixed assets. (b) All the assets have not been physically verified by the management during the year but, according to the information and explanations given to us, there is a regular program of verification which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification. (c) No substantial part of the fixed assets have been disposed off during the year and the going concern status of the company is not affected. 2) In our opinion, clause 4 (ii) is not applicable to the company since its nature of business is not as such. 3) The Company has neither taken nor given loans, during the year secured or unsecured from/to companies, firm or other parties listed in the Register maintained under Section 301 of the Companies Act, 1956. 4) In our opinion, and according to the information and explanations given to us, there are adequate internal control system commensurate with the size of the Company and the nature of its business with regards to purchase of fixed assets and for the sale of teleserial/game shows and feature film. 5) In respect of transactions covered under section 301 of the Companies Act, 1956 (a) In our opinion, and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in section 301 of the Act have been entered in the register to be maintained under that Section. (b) In our opinion, and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangement have been made at prices which are reasonable having regard to prevailing market prices at the relevant time. 6) The Company has not accepted any Fixed Deposits from the public during the year and therefore, the question of compliance with the directives issued by the Reserve Bank of India and the provisions of section 58A and 58AA or any other relevant provisions of the Act and the rules framed there under does not arise. 7) In our opinion, the Company has an adequate internal audit system commensurate with its size and nature of its business. 8) Maintenance of cost records under section 209(1) (d) of the Companies Act, 1956 is not applicable to the company. 9) (a) According to the records of the company, undisputed statutory dues including Provident fund, employees state insurance fund, income-tax, wealth tax, service tax, sales tax, customs duty, excise duty and other statutory dues have been deposited regularly during the year with the appropriate authorities. (b) The disputed statutory dues aggregating to Rs.2,86,256/- that have not been deposited on account of matters pending before the appropriate authorities are as under: S. No. Name of the statute Forum where dispute Amount is pending 1. Income Tax Act, 1961 Dy. Commissioner of Income tax Media Circle II, Rs. 2,86,256 Chennai A.Y: 2001-2002 10. The company has no accumulated losses and has not incurred any cash losses during the financial year covered by our audit or in the immediately preceding financial year. 11. On the basis of examination of books of accounts carried out by us and according to information and explanations given to us, the company has not defaulted in repayment of dues to banks during the year. 12. No loans or advances have been granted by the company against pledge of securities. 13. In our opinion the company is not a chit fund or a nidhi, mutual benefit fund/society. Therefore clause 4(xiii) of the companies (auditors report) order, 2003 is not applicable to the company. 14. Clause 4(xiv) of companies (auditors report) order 2003 is not applicable to the company as it is not dealing or trading in shares, securities, debentures and other investments. 15. According to the information and explanation given to us, the company has not given any corporate guarantee during the year. 16. During the year, the company has applied term loans for which the loans were obtained. 17. According to the information and explanations give to us by the management, the funds raised on short term basis have not been used for long term investment 18. During the year the company has not made any preferential allotment to parties and companies covered in the register maintained under section 301 of the companies act, 1956. 19. The company has not issued any debentures during the year and therefore the question of creation of securities does not arise. 20. During the year, the company has not raised any money by way of public issue and the question of disclosing the end use of money by the management does not arise. 21. According to the information and explanations give to us, no fraud on/by the company was noticed/reported during the year that causes the financial statements to be materially misstated. For CNGSN & ASSOCIATES Chartered Accountants (Sd/-) C.N. GANGADARAN Place: Chennai Partner Date : 31.07.2006 Memb. No. 11205