| 1. Terms/rights attached equity shares
The Company has only One class of Equity Share having a par value of
Rs.10 per share. Each holder of Equity Shares is entitled to One vote
per share. In the event of Liquidation of the company, the holder of
Equity shares will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
2. CONTINGENT LIABILITIES TO THE EXTENT NOT PROVIDED FOR :
As at As at
Particulars March 31, 2014 March 31, 2013
Bond in favour of The President of
India for purpose of import and/or
sourcing of Capital goods
indigenously for the operations of
the Company without payment of
Customs duty and/or Central Excise 1,194,000.00 1,194,000.00
3. Deferred Income Tax
On the basis of prudence, no recognition of the Deferred Tax Assets of
Rs. 2,99,258 (P.Y. 12,39,521/-) for the accumulated losses has been
made, as the realisation of the said assets is not virtually certain.
4. Company has changed its name on 17th December, 2009 from Softbpo
Global Services Ltd to IDream Film Infrastructure Company Limited which
would signify and indicate the group who has acquired the management
control of the Company.
5. It may be noted that the IDream Film Infrastructure Company Limited
has incurred losses in the past years and current year. The accumulated
losses exceed its net worth at the balance sheet date resulting in
negative net worth. However the accounts are prepared on going concern
basis in view of undertaking from its Holding company for continuous
financial support and proposed Rights issue.
6. There is no business activity in current year in the company, hence
there is no reporting segment as per AS-17.
7. Related Party Disclosures:
I Names of the Related Parties and description of Relationship
a) Key Management Personnel b) Subsidiary Company
Mr. Vidhyut Jain AHA Parks Ltd.
(Formerly known as Valuable Advisors
Mr. Samir Patil Ltd.)
Mr. Suri Gopalan d) Associate Company
c) Holding Company Smaaash Entertainment Private Limited
(Formerly known as IDream Mediasphere
AHA Holdings Pvt. Ltd. Pvt. Ltd)
(formerly known as IDream
Holdings Pvt Ltd)
8. Trade Payables and Loans and Advances are subject to confirmation
and reconciliation, if any.
9. In terms of Section 22 of Micro, Small and Medium Enterprises
Development Act, 2006 the outstanding to these enterprises are required
to be disclosed. However, these enterprises are required to be
registered under the Act. In the absence of information about
registration of the enterprise under the above Act, the required
information could not be furnished. In view of above and in absence of
relevant information the Auditors have relied upon the same.
10. The company has invested Rs. 5,00,000 in equity shares of its
wholly owned subsidiary AHA Parks Private Limited and also given a loan
of Rs. 2,48,60,966 to its subsidiary. Networth of the subsidiary
company has been fully eroded therefore the Company has made provision
for the above totalling to Rs. 2,53,60,966.
11. There were no employees in the Company, hence no provision has been
made for Gratuity and Leave Encashment.
12. Previous year's figures have been regrouped/recast wherever
necessary.
13. Figures are rounded off to the nearest of Rupee.
|