PADMALAYA TELE FILMS LTD
Your Directors have pleasure in presenting the 26th Annual Report on thebusiness of your company and the Audited Financial Statements for the year ended on 31stMarch 201 7 thereof. The Business and operations of the company over the last fiscal yearare briefly encapsulated below:
Financial Results (Rs.ln Lakhs)
|Particulars ||Year Ended 31st March 201 7 ||Previous ended on 31st March 2016 |
|Turn Over ||233.85 ||226.92 |
|Profit / (Loss) Before Depreciation Tax & extra-ordinary items ||(1 1 1.72) ||22.49 |
|Profit / (Loss) after Tax & After extra-ordinary items ||(1 13.41) ||58.28 |
|Add: Profit/(Loss) brought Forward from last year ||(8548.13) ||(8606.41) |
|Profit / (Loss) Carried forward to Balance Sheet ||(8661 .54) ||(8548.13) |
Business Performance Review
During the year under review the Company has reviewed all its business divisions andyour company's performance is encouraging. Board of Directors assures you the same in theyears to come.
Out look for the current year
Your Company has reviewed all its business divisions and to strengthen its stand inthe market the company has been concentrating in activities like multimedia training andDigitalisation of the theaters and Film Production tie ups with experts in the market.
The Board could not recommend dividend during the year under review in absence ofprofits.
BUSINESS RISK MANAGEMENT
The Company like any other enterprise is exposed to business risk which can beinternal risks as well as external risks. The threats to the Industry in which the companyoperates are -
Piracy: Piracy of the produced content under the purview of intellectual propertyrights can adversely affect revenues and profitability.
Mitigation: Industry members have set up an Antipiracy Society (AACT) to fight themenace.
The Company has not accepted deposits covered under Chapter V of the Companies Act2013 and accordingly the disclosure requirements stipulated underthe said Chapterare notapplicable. PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS
During the year under review the company has not given any loans Guarantees andInvestments covered underthe provisions of Section 1 86 of the Companies Act 2013.
CONTRACTS AND ARRANGEMEMENTS WITH RELATED PARTIES
Pursuant to clause (h) of sub-section (3)of section 134 of the Act and Rule 8(2) of theCompanies (Accounts) Rules 2014 except the remuneration to managerial personnel thereis no related party transactions to be disclosed.
EXTRACT OF ANNUAL RETURN
The details forming part of the extract of the Annual Return in form MGT-9 is annexedherewith elsewhere in the Annual Report.
DEMAT SUSPENSE ACCOUNT UNCLAIMED SHARES
As on 31st March 201 7 there were no Equity Shares of Shareholders werelying in the Escrow Account due to non-availability of the correct particulars.
Your Directors are happy to report that your Company is compliant with the CorporateGovernance requirements as per the Provisions of SEBI (Listing Obligations and DisclosuresRequirements) Regulations 2015. A separate section on Corporate Governance together with acertificate from the Statutory Auditor's confirming compliance is set out in the Annexureforming part of this report.