Note 1: Earnings per Share:
Basic earnings per share is computed by dividing the profit/ (loss)
after tax (including the post-tax effect of extraordinary items, if
any) by the weighted average number of equity shares outstanding during
the year.
Diluted earnings per share is computed by dividing the profit/ (loss)
after tax (including the post-tax effect of extraordinary items, if
any) as adjusted for dividend, interest and other charges to expense or
income relating to the dilutive potential equity shares, by the
weighted average number of equity shares considered for deriving basic
earnings per share and the weighted average number of shares which
could have been issued on the conversion of all dilutive potential
equity shares.
Note 2: Provisions, Contingent Liabilities & Contingent Assets:
Provisions involving substantial degree of estimation in measurement
are recognized when there is a present obligation as a result of past
event and it is probable that there will be an outflow of resources.
Contingent liabilities are not recognized but are disclosed in the
notes. Contingent Assets are neither recognized nor disclosed in the
financial statements.
Note 3: The Company has not received any intimation from suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosures if any, relating to amounts
unpaid as at the year end together with the interest paid/payable as
required under the said Act have not been given.
Note 4: Disclosures under accounting standards:
a. Segment Reporting (AS-17):
The Company operates in the business of Trading, Animation & Software
developments. It operates only in Domestic Market, hence there is no
business / geographical segments to be reported as required under
Accounting Standard (AS- 17) "Segment Reporting" issued by the
Institute of Chartered Accountants of India.
b. Related Party Disclosure (AS-18):
Related Party Disclosure under AS-18 issued by the Institute of
Chartered Accounts of India. The Management has informed that all the
transactions entered during the previous year with various parties do
not fall within the purview of the Accounting standard 18 "Related
Party Transaction" issued by the Institute of Chartered Accountants of
India.The related parties of the company at March 31, 2015 are as
follows:
a. Key management personnel & status :
- Santosh Kumar - Whole-time Director
- Mandar Subhash Palav - Independent Director
- Shyamsunder Parasramka - Additional Director
- Krishnakumar Murarka - Independent Director
- Bhavita Ashiyani - Women Director
The Management has informed that all the transactions entered during
the previous year with various parties do not fall within the purview
of the Accounting standard 18 "Related Party Transaction" issued by the
Institute of Chartered Accountants of India.
c. Summary of significant related party transactions
The nature and volume of transaction of the company during the year
with the above parties were as follows:
Note 5: The Company had given loans and advances from the surplus fund
left over after using of working capital.
Note 6: The balances of Current assets, Current liabilities including
Sundry Debtors, Sundry Creditors, Loans& advances, Secured & Unsecured
Loan balances are subject to Confirmation
Note 7: Figures have been rounded off to the nearest rupee.
Note 8: Comparative Figures:
Previous year's figures have been regrouped and rearranged wherever
necessary to make them comparable with the figures for the current
year.
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