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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

Oct 27, 16:00
1.34 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
24,769
10-Day
34,412
30-Day
31,835
3,583
  • Prev. Close

    1.34

  • Open Price

    1.34

  • Bid Price (Qty.)

    1.32 (2000)

  • Offer Price (Qty.)

    1.40 (2)

NSE Live

Oct 28, 09:19
1.35 0.05 (3.85%)
Volume
AVERAGE VOLUME
5-Day
69,497
10-Day
93,377
30-Day
77,857
29
  • Prev. Close

    1.30

  • Open Price

    1.35

  • Bid Price (Qty.)

    1.35 (873)

  • Offer Price (Qty.)

    0.00 (0)

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) Ltd. as at 31st March 2008 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 included examining, on a test basis, evidence supporting the amounts and discloures in the financial statement. An audit also included 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 paragraph 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 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 accounts 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 standard referred to in sub-section (3C) of section 211 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 2008 from being appointed as a director in terms of clause(g) of sub section(1) of section 274 of the Companies Act, 1956; f) In our opinion and to the best of our information and according to the explanation 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 2008, and ii. In the case of Profit and Loss Account, of the profit for the year ended on that date. iii. In the case of cash flow statement, of cash flows for the year ended on that date 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 2008. 1. (a) The company is maintaining proper records, showing full particulars including quantitative details and sitution of fixed assets. (b) The company has done a physical verification of its fixed assets during the year. However the reconciliation between the books and physical verification remains pending. However, the management feels that the discrepancies, if any, may not be material. (c) No substantial part of the fixed assets has been disposed off during the year and the going concern status of the company is not affected. 2. (a) Inventories have been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. (b) In our opinion, the procedure of physical verification of inventory followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business. (c) The company has maintained proper records of inventories. The discrepancies noticed on verification between the physical stock and the book records were not material. 3. The company has neither taken nor given loans, during the year secured or unsecured from/to companies, firms 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 explanation given to us, there are adequate internal control system commensu- rate 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 explanation 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 explanation given to us, the transaction 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 provision of section 58A and 58A A 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 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. There are no undisputed taxes outstanding beyond 6 months. (b) There are no disputed taxes. 10. The company has no accumulated losses and has not incurred any cash losses during the financial year covered by our audit and in the immediately preceding financial year. 11. On the basis of the 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/soceity. Therefore clause 4 (xiii) of the Companies (Auditors Report) Order, 2003 is not applicable to the company. 14. Clause 4 (xiv) of the 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 raised term loans and they have been applied for the purpose obtained. 17. According to the information and explanation given 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 of shares to the parties and companies covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, clause 4 (xviii) of the Companies (Auditors Report) Order 2003 is not applicable. 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 given 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/- Place : Chennai C.N. Gangadaran Date : 28.06.2008 Partner Memb. No. 11205