You are here » Home » Companies » Company Overview » Filmcity Media Ltd

Filmcity Media Ltd.

BSE: 531486 Sector: Media
NSE: N.A. ISIN Code: INE600B01033
BSE 00:00 | 04 Mar Filmcity Media Ltd
NSE 05:30 | 01 Jan Filmcity Media Ltd
OPEN 0.81
PREVIOUS CLOSE 0.82
VOLUME 6521
52-Week high 0.82
52-Week low 0.00
P/E 82.00
Mkt Cap.(Rs cr) 3
Buy Price 0.81
Buy Qty 189.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.81
CLOSE 0.82
VOLUME 6521
52-Week high 0.82
52-Week low 0.00
P/E 82.00
Mkt Cap.(Rs cr) 3
Buy Price 0.81
Buy Qty 189.00
Sell Price 0.00
Sell Qty 0.00

Filmcity Media Ltd. (FILMCITYMEDIA) - Auditors Report

Company auditors report

THE MEMBERS

FILMCITY MEDIA LIMITED

We have audited the attached Balance Sheet of M/s. FILMCITY MEDIA LIMITED as at31st March 2014 the Profit & Loss Account and the Cash Flow Statement of the Companyfor the year ended on that date annexed thereto. These financial statements are theresponsibility of the Company’s management. Our responsibility is to express anopinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted inIndia. Those standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of material misstatements. Anaudit includes examining on a test basis evidence supporting the amounts and disclosuresin the financial statements. An audit also includes assessing the accounting principlesused and significant statement presentation. We believe that our audit provides areasonable basis for our opinion.

As required by the Companies (Auditors’ Report) Order 2003 (CARO) issued by theCentral Government in terms of Section 227(4A) of the Companies Act 1956. We give in theannexure hereto a statement on the matters specified in the said order.

1. We have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purpose of our audit.

2. In our opinion the company has maintained proper record as required by law so faras it appears from our examination of the books of accounts.

3. The Balance Sheet and the Profit & Loss Account dealt with by this report are inagreement with the books of accounts and comply with the accounting standards referred toin sub-section [3C] of Section 211 of the Companies Act. 1956.

4. On the basis of written representation received from Director and taken on record bythe Board of Directors we report that none of the Directors are disqualified from beingappointed as a Director in terms of Clause (g) of sub section (1) of section 274 of theCompanies Act 1956.

5. In our opinion and according to the information and explanations given to us thesaid accounts read together with the notes thereon gives the information required by theCompanies Act 1956 and in the manner as required and give a true and fair view: a. In thecase of the Balance Sheet of the state of affairs of the Company as on 31st March 2014. b.In the case of Profit & Loss Account of the Profit of the Company for year ended thatdate.

c. In the case of Cash Flow statement of the cash flow for the year ended on thatdate.

For Sudhir M Desai & Co.
Chartered Accountants
Sd/-
Sudhir M Desai
Proprietor
M. No. 41999
Place : Mumbai
Date : 29.05.2014

ANNEXURE TO THE AUDITORS REPORT

(Statement referred to in paragraph 1 of our Report of even date on the Accounts ofM/s. FILMCITY MEDIA LIMITED for the period ended 31st March 2014)

1) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed Assets. The fixed assets of the Company havebeen physically verified by the management during the year in accordance with the regularprogram which in our opinion is reasonable having regard to the size of the Company andthe nature of its assets. No material discrepancies were noticed on such verification. TheCompany has not disposed off any Fixed Assets during the year.

2) As explained to us inventories have been physically verified during the year by theManagement. The intervals at which the inventories have been verified are in our opinionreasonable in relation to the size of the Company and the nature of its business. Theprocedures explained to us which are followed by the Management for physical verificationof inventories are in our opinion reasonable and adequate in relation to the size of theCompany and the nature of its business On the basis of our examination we are of opinionthat the company is maintaining proper records of its inventory. Discrepancies which werenoticed on physical verification of inventory as compared to book records have beenproperly dealt with in the books of account.

3) The Company has not taken any loan secured or unsecured from Companies Firms andother parties listed in the register maintained under section 301 and/or from theCompanies under the same Management as defined under section 370 (1B) of the CompaniesAct 1956. In view of this sub clause (b) (c) and (d) of the clause (iii) of theCompanies (Auditors’ Report) Order 2003 are not applicable.

4) In our opinion and according to the information and explanation given to us thereare adequate Internal Control procedures commensurate with the size of the Company and thenature of its business.

5) In our opinion and according to the information and explanations given to us theCompany has not done any transaction that needs to be entered in the register maintainedunder Section 301 of the Act.

6) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposit from the public during the year as stated in theprovisions of Section 58 A of the Companies Act 1956.

7) In our opinion the Company has an internal audit system commensurate with its sizeand nature of its business.

8) The provisions of Section 209 (1) (d) of the Companies Act 1956 are not applicableto the Company.

9) According to the records of the Company there were no undisputed statutory duesincluding Provident Fund Employees’ State Insurance Income Tax Sales Tax WealthTax Custom Duty cess and other Statutory dues applicable to it as at 31st March 2014 fora period of more than six months from the date they became payable.

10) The Company does not have any accumulated losses at the end of the financial year.

11) The company has not taken any loans from bank or financial institutions.

12) The Company has in our opinion maintained adequate documents and records inrespect of loans and advances granted on the basis of security by way of pledge of sharesand other securities.

13) In our opinion and according to the information and explanations given to us thenature of activities of the Company does not attract any special statute applicable tochit fund and nidhi/mutual benefit fund Societies.

14) The Company has in our opinion maintained proper records and contracts withrespect to its investments where timely entries of transactions are made in the former.All investments at the close of the year are generally held in the name of the Companyexcept in a few cases where the titles to the investments are in dispute or are in theprocess of transfer.

15) The Company has not given any guarantee for loan taken by others from bank orfinancial institutions.

16) The company has not taken any term loan during the financial year.

17) The Company has not raised any fund long term or short term during the year.

18) The Company has not made any preferential allotment of shares to the parties orCompanies covered in the register maintained under section 301 of the Companies Act 1956.

19) The Company has not issued any debentures during the year.

20) The Company has not raised any money through a public issue during the year.

21) Based upon the audit procedures performed by us for expressing our opinion on thesefinancial statements and information and explanations given by the Management we reportthat no fraud on or by the Company has been noticed or reported during the year.

For Sudhir M Desai & Co.
Chartered Accountants
Sd/-
Sudhir M Desai
Proprietor
M. No. 41999
Place : Mumbai
Date : 29.05.2014