| 1. CONTINGENT LIABILITIES & COMMITMENTS : NIL
2. IPO DETAILS : The Company has raised an IPO during the financial
year 2013-14. The Details are given below:
Issue Open May 17, 2013 - May 21, 2013
Issue Type Fixed Price Issue IPO
Issue Size 2,000,000 Equity Shares of Rs. 10 each
Issue Size Rs. 280.00 Lacs
Face value Rs. 10 per Equity Share
Issue Price Rs. 14 per Equity Share
Market Lot 10,000 Equity Shares
Listing at BSE - SME
3. SEGMENT REPORTING
The company is primarily engaged in the single business of Media &
Event Management and there is no reportable secondary segment i.e.
geographical segment. Hence, the disclosure requirement of Accounting
Standard-17 "Segment Reporting" as notified by Companies (Accounting
Standards) Rules, 2006 (as amended) is not applicable.
4. AMOUNT DUE FROM DIRECTORS/PARTIES/ COMPANIES IN WHICH DIRECTORS ARE
INTERESTED, IN TERMS OF SECTION 185 OF THE COMPANIES ACT, 2013 : NIL
5. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO
CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE,
THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.
6. PREVIOUS YEAR'S FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO
CONFORM TO CURRENT PERIOD'S CLASSIFICATION.
7. CONSEQUENT TO THE ENACTMENT OF THE COMPANIES ACT, 2013 (THE ACT)
AND ITS APPLICABILITY FOR ACCOUNTING PERIODS COMMENCING FROM 1ST APRIL
2014, THE COMPANY HAS REASSESSED THE REMAINING USEFUL LIFE OF FIXED
ASSETS IN ACCORDANCE WITH THE PROVISIONS PRESCRIBED UNDER SCHEDULE II
TO THE ACT. THERE ARE NO ASSETS WHICH HAVE COMPLETED THEIR USEFUL LIFE.
IN CASE OF OTHER ASSETS, THE CARRYING VALUE (NET OF RESIDUAL VALUE) IS
BEING DEPRECIATED OVER THE REVISED REMAINING USEFUL LIFE. THE
DEPRECIATION AND AMORTIZATION EXPENSES CHARGED FOR YEAR ENDED WOULD
HAVE BEEN LOWER BY RS. 42,946/-, HAD THE COMPANY CONTINUED WITH THE
PREVIOUS ASSESSMENT OF USEFUL LIFE OF SUCH ASSETS.
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