Interworld Digital Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

vii) Provisions and contingencies

(a) Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate of the amount of the obligation is available for measuring the amount of
provision. Provisions are reviewed at each reporting period and are adjusted to reflect the current best estimate.

(b) Contingencies

A disclosure for contingent liability is made when there is possible obligation arising from past event the existence
of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the Company or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be
made.

A disclosure for contingent assets is also made when there is possibility of an inflow of economic benefits to the
entity which arise from unplanned or other unexpected events.

Contingent liabilities and contingent assets are reviewed at each balance sheet date.

viii) Earnings per share:

Basic earnings per share is computed using the net profit for the year attributable to the shareholders’ and
weighted average number of shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects
of all dilutive potential equity shares.

ix) Income Taxes:

Income tax comprises current tax (including MAT) and deferred tax. Income tax expenses is recognized in net
profit in statement of Profit and loss extent to the extent that it relates to items recognized directly in other
comprehensive income/equity, in which case it is recognized in other comprehensive income/equity.

Current Tax is the amount of tax payable on the estimated taxable income for the current year as per the
provisions of Income Tax Act, 1961.Current tax asset and liabilities are offset when company has a legally
enforceable right to set off the recognized amount and also intends to settle on net basis.

Deferred income tax assets and liabilities are recognized for deductible and taxable temporary difference arises
between the tax basses of assets and liabilities and their carrying amount in the financial statement

Deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that
sufficient taxable profit will be available against which those deductible temporary differences can be utilized.
Deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized
deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become
probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax is measured at the tax rates and tax law that that have been enacted or substantively enacted by the
balance sheet date and are expected to apply to taxable income in the year in which those temporary difference
is expected to be recovered or settled.

x) Financial instruments:

Initial measurement

Financial instrument is recognized as soon as the company become a party to the contractual provision of the
instruments. All Financial assets and financial liabilities are measured at fair value on initial recognition, except for
trade receivable which are initially measured at transaction price. Transaction cost that are directly attributable to
the acquisition or issue of financial instrument (other than financial measured at fair value through profit or loss)
are added or deducted from the value of the financial instrument, as appropriate, on initial recognition.

Financial Instrument sated as financial assets or financial liabilities are generally not offset, and they are only
offset when a legal right to set off exist at that and settlement on a net basis is intended.

Subsequent measurement

Financial assets:

Subsequent measurement of financial assets depends on their classification as follows: -
(a) Financial asset carried at amortised cost

A financial asset is subsequently measured at amortised cost if it is held within business model whose objective is
to hold the asset in order to collect contractual cash flow and the contractual term of the asset give rise on
specified dates to cash flow that are solely payment of principal and interest on the principal amount outstanding.

(b) Financial asset carried at Fair Value through other comprehensive income

A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a
business model whose objective is achieved by both collecting contractual cash flow and selling financial asset
the contractual term of the asset give rise on specified dates to cash flow that are solely payment of principal and
interest on the principal amount outstanding.

For all other equity instrument, the company make irrevocable election to present in other comprehensive income
subsequent change in fair value. The company makes such election on an instrument- to- instrument basis.

(c) Financial asset carried at Fair Value through Profit and loss

A financial asset which is not classified in any of the above category is subsequently measured at fair value
through profit and loss.

Financial liabilities and equity instruments:

Debts and equity instrument issued by a company are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangement and the definition of a financial liability and an
equity instruments.

a) Equity Instruments

An equity instrument is any contract that an evidence and residual interest in the assets of the company after
deducting all of its liabilities. Equity instruments issued by the company are recognized at the proceeds received,
net of direct issue costs.

b) Financial Liabilities

All Financial liabilities are subsequently measured at amortised cost using the Effective interest method.
De-recognition of financial Instrument: -

A financial asset is primarily derecognized when the contractual right to the cash flow from the financial asset
expires and it transfers the financial asset.

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires.

(xi) Impairment

A) Financial Asset

The Company measures the expected credit loss associated with its assets based on historical trend, industry
practices and the business environment in which the entity operates or any other appropriate basis. The
impairment methodology applied depends on whether there has been a significant increase in credit risk.

B) . Non-Financial Asset

(a) Property, plant and equipment and Intangible asset

The carrying amounts of the Company’s assets are reviewed at each balance sheet date to determine whether
there is any indication of impairment. if any such indication exists, the assets’ recoverable amount is estimated as
higher of its net selling price and value in use. An impairment loss is recognized whenever the carrying amount of
an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the
statement of profit and loss.

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable
amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the
carrying amount that would have been determined net of depreciation or amortization, had no impairment loss
been recognized.

Post Impairment, depreciation/amortization is provided on the revised carrying value of the impaired assets over
its remaining useful life.

(b) Critical accounting estimates, assumptions and judgements

In the process of applying the Company’s accounting policies, management has made the following estimates,
assumptions and judgements, which have significant effect on the amounts recognized in the financial statement.
Uncertainty about these assumptions and estimates could result in outcome that require a material adjustment to
assets or liabilities affected in future periods.

b) Property, plant and equipment

Property, Plant and equipment represent at proportion of the asset base of the company. The useful lives and
residual value of the company’s asset are determined by the management at the time the asset is acquired and
reviewed at each reporting date.

ii) Income taxes

The Company’s tax jurisdiction is India. Significant judgements are involved in estimating budgeted profits for the
purpose of paying advance tax, determining the provision for income taxes, including amount expected to be
paid/recovered for uncertain tax positions

iii) Contingencies

Management judgement is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending
matters with accuracy.

iv) Allowance for uncollected accounts receivable and advances

Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate
allowances for estimated irrecoverable amounts. Individual trade receivables and advances are written off when
management deems them not to be collectible. Impairment is made on the expected credit losses, which are the
present value of the cash shortfall over the expected life of the financial assets.

v) Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If
any indication exists, or when annual impairment testing for an asset is required, the Company estimates the
assets’s recoverable amount. An assets’s recoverable amount is the higher of an assets’s or CGU’s fair value
less costs of disposal and its value in use. Where the carrying amount of an asset or CGU exceeds its
recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

vi) Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected loss
rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment
calculation, based on Company’s past history, existing market conditions as well as forward looking estimates at
the end of each reporting period.

vii) Fair value measurement of financial instruments

When the fair values of financials assets and financial liabilities recorded in the Balance Sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using valuation techniques,
including the discounted cash flow model, which involve various judgements and assumptions.

29. There is nothing to be disclosed under Ind-AS 108 - Segment Reporting since there is no business segment or
geographical segment which is a reportable segment based on the definitions contained in the accounting
standard.

Deferred Tax has been created as per IndAS-12 issued by Institute of Chartered Accountants of India.

In accordance with IND AS 12 - Income Taxes issued by ministry of corporate affairs, the company has
accounted for the Deferred Tax. Major Components of Deferred Tax Assets and Liabilities are - NIL

30. The debit and credit balances standing in the name of parties are subject to confirmation from them.

31. In the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the value
stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate in the
opinion of board.

32. Employee Benefits

Provision of Gratuity, ESI, PF not applicable in the Company.

38. Capital-Work In Progress :There is no capital work in progress for tangible or intangible assets after
impairment provision during the year.

39. Benami Properties :No proceedings has been initiated or pending against the Company for holding any
benami property under the Prohibition of Benami Property Transactions Act, 1988.

40. Borrowings from Banks/FI on the basis of security of Current Assets: The Company does not have any
working capital limit from bank. Hence the question of Quarterly Returns or Statements of Current Assets filed
by the Company with Banks/FI, are in agreement with books of accounts does not arise.

41. The company has not been declared as willful defaulter by any bank of financial institution or any other lender.

42. Transactions with Struck-off Companies: The Company has not entered into any transactions with struck off

companies under section 248 of the Companies Act 2013 or Section 560 of Companies Act 1956.

43. Registration of Charges or Satisfaction: The Company does not have any charges.

44. Compliance with layers of the companies:-

The company has no layers of companies prescribed under Clause 2(87) of the Act read with Companies
(Restriction on number of Layers) Rules 2017.

45. Scheme or Arrangement: During the year, the company has not entered into any scheme or arrangement in
terms of Section 230 to 237 of the Companies Act 2013

46. During the year no income was surrendered or disclosed as income in the tax Assessments.

47. The company has not dealt in Crypto Currency during the year.

48. The Company has not advanced or loaned or invested funds to any other person or entities with an
understanding that the intermediary will invest or provide any guarantee, security or the like to or on behalf of
ultimate beneficiaries.

49. The Company has not received any fund from any person (s) or entity(s), including foreign

entities(Funding party)with the understanding that the company shall directly or indirectly investor provide
any guarantee, security or the like to or on behalf of funding party.

50. Use of Borrowed Funds : The Company has not taken any borrowings from banks and Financial Institutions.
Hence the question of its usage does not arise.

51. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

52. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

53. Previous year figures have been regrouped/ reclassified wherever necessary.

54-A Financial instruments
(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are
classified into three Levels of a fair value hierarchy. The three levels are defined based on the observability of
significant inputs to the measurement, as follows:

Level 1:Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using
valuation techniques which maximise the use of observable market data rely as little as possible on entity
specific estimates.

Level 3:If one or more of the significant inputs is not based on observable market data, the instrument is
included in level 3.

The Company’s activities expose it to market risk, liquidity risk and credit risk. The Company''s board of directors has
overall responsibility for the establishment and oversight of the Company''s risk management framework. This note
explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related
impact in the financial statements.

A) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The company is exposed to
this risk for various financial instruments, for example by granting loans and receivables to customers, placing
deposits, etc. The company’s maximum exposure to credit risk is limited to the carrying amount of following types of
financial assets.

- cash and cash equivalents,

- trade receivables,

- loans & receivables carried at amortised cost, and

- deposits with banks

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system, continuously monitoring
defaults of customers and other counterparties, identified either individually or by the company, and incorporates this
information into its credit risk controls. Internal credit rating is performed for each class of financial instruments with
different characteristics. The Company assigns the following credit ratings to each class of financial assets based on
the assumptions, inputs and factors specific to the class of financial assets.

Cash & cash equivalents and bank deposits

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks
and diversifying bank deposits and accounts in different banks.

Trade receivables

Company''s trade receivables are considered of high quality and accordingly no life time expected credit losses are
recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost includes advances to employees. Credit risk related to these
other financial assets is managed by monitoring the recoverability of such amounts continuously, while at the same
time internal control system in place ensure the amounts are within defined limits.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability
of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the
nature of the business, the Company maintains flexibility in funding by maintaining availability under committed
facilities.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the
basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity
operates. In addition, the Company’s liquidity management policy involves projecting cash flows in major
currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity
ratios against internal and external regulatory requirements and maintaining debt financing plans.

Maturities of financial liabilities

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months
equal their carrying balances as the impact of discounting is not significant.

C) Market risk

a) Interest rate risk

The Company is not exposed to changes in market interest rates.

b) Price riskExposure

The Company’s exposure to price risk arises is nil
As per our report of even date

For Nemani Garg Agarwal & Co. For and on behalf of the Board of Interworld Digital Limited

Chartered Accountants
Firm Reg. No. 010192N

Sd/- Sd/- Sd/- Sd/- Sd/- Sd/-

J.M. Khandelwal (Peeyush K Aggarwal) (Mukesh Sharma) (Manoj Kumar) (Shivangi Agarwal) (RachitGarg)

Partner Director Director CEO Company Secretary CFO

M.No. 074267 DIN : 00090423 DIN : 00166798 PAN:BZGPK6177A M. No.:A61069 PAN:AZSPG7226K

UDIN: 25074267BMOXYY7891

Place: New Delhi
Dated: 29.05.2025

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Mar 31, 2024

c. Terms /rights attached to equity shares

The company has only one class of equity shares having a face value of Re.1/- per share. Each holder of equity shares is entitled to one vote per share. The dividend declared, if any is payable in Indian rupees. The dividend if any proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing annual General Meeting. The board has not proposed any dividend for current year and previous year.

In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all preferential amounts including preference shares. The distribution will be in proportion to the number of equity shares held by the shareholders.

26	CONTINGENCIES AND COMMITMENTS
		As at	As at
		31st March, 2024	31st March, 2023
(A)	Contingent liabilities
I	Income Tax	Nil	Nil
II	Other Legal Cases	Nil	Nil
		-	-

(B) Capital and other commitments

Estimated amount of contracts remaining to be executed on capital account, net of advances and not provided in the books are as follows:

	Particulars	As at 31st March, 2024	As at 31st March, 2023
	Property, plant and equipment	Nil	Nil

29. There is nothing to be disclosed under Ind-AS 108 - Segment Reporting since there is no business segment or geographical segment which is a reportable segment based on the definitions contained in the accounting standard.

Deferred Tax has been created as per IndAS-12 issued by Institute of Chartered Accountants of India.

In accordance with IND AS 12 - Income Taxes issued by ministry of corporate affairs, the company has accounted for the Deferred Tax. Major Components of Deferred Tax Assets and Liabilities are - NIL

30. The debit and credit balances standing in the name of parties are subject to confirmation from them.

31. In the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate in the opinion of board.

32. Employee Benefits

Provision of Gratuity, ESI, PF not applicable in the Company.

35. Title Deeds of immovable Property : The company does not have any immovable properties. Hence the question of title deeds of immovable properties are in the name of the Company does not arise.

36. Revaluation of Propepety, Plant and Equipment: During the financial year, the Company has not revalued any of its Property, Plant & Equipment.

37. Disclosure of loans/advances given to Directors/KMP/Related parties:-

Disclosure w.r.t loans and advances which are:-

a. repayable on demand or

b. without specifying any terms or period of repayment are as follows:

38. Capital-Work In Progress :There is no capital work in progress for tangible or intangible assets after impairment provision during the year.

39. Benami Properties :No proceedings has been initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988.

40. Borrowings from Banks/FI on the basis of security of Current Assets: The Company does not have any working capital limit from bank. Hence the question of Quarterly Returns or Statements of Current Assets filed by the Company with Banks/FI, are in agreement with books of accounts does not arise.

41. The company has not been declared as willful defaulter by any bank of financial institution or any other lender.

42. Transactions with Struck-off Companies: The company has not entered into any transactions with struck off companies under section 248 of the Companies Act 2013 or Section 560 of Companies Act 1956.

43. Registration of Charges or Satisfaction: The company does not have any charges.

44. Compliance with layers of the companies:-

The company has no layers of companies prescribed under Clause 2(87) of the Act read with Companies (Restriction on number of Layers) Rules 2017.

45. Scheme or Arrangement: During the year, the company has not entered into any scheme or arrangement in terms of Section 230 to 237 of the Companies Act 2013

46. During the year no income was surrendered or disclosed as income in the tax Assessments.

47. The company has not dealt in Crypto Currency during the year.

48. The Company has not advanced or loaned or invested funds to any other person or entities with an understanding that the intermediary will invest or provide any guarantee, security or the like to or on behalf of ultimate beneficiaries.

49. The Company has not received any fund from any person (s) or entity(s), including foreign entities(Funding party)with the understanding that the company shall directly or indirectly investor provide any guarantee, security or the like to or on behalf of funding party.

50. Use of Borrowed Funds : The Company has not taken any borrowings from banks and Financial Institutions. Hence the question of its usage does not arise.

51. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

52. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

53. Previous year figures have been regrouped/ reclassified wherever necessary.

54-A Financial instruments

(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are classified into three Levels of a fair value hierarchy. The three levels are defined based on the observability of significant inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data rely as little as possible on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

The Company’s activities expose it to market risk, liquidity risk and credit risk. The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

A) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The company is exposed to this risk for various financial instruments, for example by granting loans and receivables to customers, placing deposits, etc. The company’s maximum exposure to credit risk is limited to the carrying amount of following types of financial assets.

- cash and cash equivalents,

- trade receivables,

- loans & receivables carried at amortised cost, and

- deposits with banks

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system, continuously monitoring defaults of customers and other counterparties, identified either individually or by the company, and incorporates this information into its credit risk controls. Internal credit rating is performed for each class of financial instruments with different characteristics. The Company assigns the following credit ratings to each class of financial assets based on the assumptions, inputs and factors specific to the class of financial assets.

A: Low B: Medium C: High

Cash & cash equivalents and bank deposits

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks and diversifying bank deposits and accounts in different banks.

Trade receivables

Company''s trade receivables are considered of high quality and accordingly no life time expected credit losses are recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost includes advances to employees. Credit risk related to these other financial assets is managed by monitoring the recoverability of such amounts continuously, while at the same time internal control system in place ensure the amounts are within defined limits.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates. In addition, the Company’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

Maturities of financial liabilities

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.

C) Market riska) Interest rate risk

The Company is not exposed to changes in market interest rates.

b) Price risk Exposure

The Company’s exposure to price risk arises is nil

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Mar 31, 2015

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are subject to confirmation and reconciliation However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the values stated, if realizable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

In accordance with AS 22 issued by ICAI, the company has provided for deferred tax during the year.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Allocation of Development expenses is pending to fixed assets.

4. Contingent Liabilities not provided for Bank Guarantees.

5. The company had not paid service tax and filed returns from financial year 2011-12 to 2014-15.

6. The company had not appointed chief financial officer in the company.

7. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

8. The company has only one reportable segment.

9. Related Party Disclosures:

Related party disclosures as required under Accounting Standard (AS) - 18 " Relate Party Disclosure" A. Related parties and nature of related party relationships where control exists

Name of the party Description of relationship

Mr. Man Mohan Gupta Key Management Personal

Mr. Kamal Kishore Sharma Key Management Personal

Mr. Ajay Sharma Key Management Personal Mrs. Anita Devi Key Management Personal

Mr. Narender Kumar Baid Key Management Personal

M/s Digicine Manoranjan Pvt. Ltd. Group Company

B. Related parties and nature of related party relationship with whom transactions have been taken place

Name of the party Description of relationship

Mr. Man Mohan Gupta Key Management Personnel

Mr. Narender Kumar Baid Key Management Personal

M/s Digicine Manoranjan Pvt .Ltd. Group Company

10. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.

11. As per information available with the company, there are no outstanding dues to Small Scale Ancillary Industrial Undertakings as at 31.03.2015.

12. The Company has not appointed Chief Financial Office (CFO) as per the requirement of section 203 of the Companies Act, 2013.

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Mar 31, 2014

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are subject to confirmation .and reconciliation However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the values stated, if realizable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Allocation of Development expenses is pending to fixed assets.

4. Contingent Liabilities not provided for Bank Guarantees outstanding Rs. NIL (Rs. Nil).

5. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

6. Directors'' Remuneration Rs.30,00,000/- (Previous Year Rs. 30,00,000/-).

7. Segment Reporting: The company has only one reportable segment.

8. Related Party Disclosures:

Related party disclosures as required under Accounting Standard (AS) - 18 " Relate Party Disclosure"

A. Related parties and nature of related party relationships where control exists

Interworld Digital Limited 19th Annual General Meeting

Name of the party Description of relationship

Mr. Man Mohan Gupta Key Management Personal

Ms. Heena Jain Key Management Personal

B. Related parties and nature of related party relationship with whom transactions have been taken place

Name of the party Description of relationship Man Mohan Gupta Key Management Personnel Interworld Digital Cinema Pvt .Ltd. Enterprises over which Key Managerial Person are able to exercise significant influence

Transactions during the year with related parties:

Mr. Man Mohan Gupta Remuneration 30,00,000

Interworld Digital Cinema Pvt .Ltd Purchase/Services 2,71,62,955

B. Outstanding Balances with NIL NIL related parties

9. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.

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Mar 31, 2013

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are subject to confirmation .and reconciliation However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the values stated, if realizable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Preferential Allotment

During 2012-13, the Company has allotted 40,00,00,000 equity shares pursuant to conversion of equal number of convertible warrants issued at a premium of Rs. 1.55 per equity share (Face Value).

4. Allocation of Development expenses is pending to fixed assets.

5. Contingent Liabilities not provided for Bank Guarantees outstanding Rs. NIL (Rs. Nil).

6. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

7. Directors'' Remuneration Rs.30,00,000/- (Previous Year Rs. 15,20,000/-).

8. Segment Reporting: The company has only one reportable segment.

9. Related Party Disclosures:

A. List of related parties with whom the company has transacted:

i. Key Managerial Personnel

Mr. Man Mohan Gupta Mr. Peeyush Kumar Aggarwal Mr. S. N. Sharma Mr. Sanjay Gupta

10. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.

11. As per information available with the company, there are no outstanding dues to Small Scale Ancillary Industrial Undertakings as at 31.03.2013.

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Mar 31, 2011

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are

subject to confirmation .and reconciliation However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the values stated, if realizable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

In accordance with AS 22 issued by ICAI, the company has provided for deferred tax during the year.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Preferential Allotment

(a) In terms of the resolution passed under section 81 (1A) of the Companies Act, 1956 at the Extra Ordinary General Meeting of the Company held on 07.09.2010 and the in-principle approval received from BSE, the Board has allotted 400000000 convertible warrants to be converted into equal number of equity shares of Re. 1/- each at a premium of Rs. 1.55/- per warrant, in the Board meeting held on 09.11.2010 on preferential basis to promoters and non-promoters category. Pursuant to allotment of Convertible warrants, the Company, during the financial year 2010-11, has received monies aggregating to Rs. 25.50 crores out of Rs. 102 Crores.

(b) The company has allotted 4,96,38,600 convertible warrants with an option to convert such warrants into equal number of equity shares of Re. 1/- each on preferential basis in 2009-10. Out of the total warrants so issued, 1,85,49,799 were converted into equal number of equity shares at a premium of Rs. 1.18/- per equity share as at March 31,2010. Further 34,00,000 convertible warrants were converted into equal number of equity shares at a premium of Rs. 0.66/ per equity shares (Face Value Re. 1/-) and 1450201 convertible share warrant were converted into equal number of equity share at a premium of Rs. 1.18/- per equity shares (F.V Re. 1/- per share) during the financial year 2010-2011.

4. Allocation of Development expenses is pending to fixed assets.

5. Contingent Liabilities not provided for Bank Guarantees outstanding Rs. NIL (Rs. Nil ).

6. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

7. Directors' Remuneration Rs. 7,80,000/- (Previous Year Rs. 3,00,000).

8. Segment Reporting: The company has only one reportable segment.

9. Related Party Disclosures: List of related parties with whom the company has transacted:

10. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.

11. As per information available with the company, there are no outstanding dues to Small Scale Ancillary Industrial Undertakings as at 31.03.2011.

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Mar 31, 2010

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are subject to confirmation. However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realisable at the values stated, if realisable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Allocation of Development expenses is pending to fixed assets.

4. Contingent Liabilities not provided for Bank Guarantees outstanding Rs. NIL (Rs. Nil ).

5. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

6. Directors Remuneration Rs. 3,00,000/- (Previous Year Rs. 3,00,000).

7. Segment Reporting: The company has only one reportable segment.

8. During the year the company has made reduction of capital by Rs. 2,00,00,000 (2,00,00,000 Equity shares of Re. 1 each) pursuant to orders of Hon’ble High Court at New Delhi dated 27th October, 2009. Further, during the year, the company has allotted 4,96,38,600 convertible warrants with an option to convert such warrants into equity number of equity shares of Re. 1/- each on preferential basis. Out of the total warrants so issued, 1,85,49,799 were converted into equal number of equity shares at a premium of Rs. 1.18/- per equity share. As at March 31, 2010, 1,30,90,380 warrants are yet to be converted into equal number of equity shares.

9. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.

10. As per information available with the company, there are no outstanding dues to Small Scale Ancillary Industrial Undertakings as at 31.03.2010.

ADDITIONAL INFORMATION PURSUANT TO THE PROVISIONS OF PART – II OF SCHEDULE VI OF THE COMPANIES ACT, 1956

Being a Service Company Quantitative Information / Clause is not applicable.

1. Raw Materials Consumed : Nil

2. Value of imported and indigenous

Materials consumed : Nil

3. CIF value of imports : Nil

4. Expenditure in foreign currency : Nil

5. Earnings in foreign currency : Nil

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Mar 31, 2009

1. Balance of Sundry Debtors, Sundry Creditors and Loans & Advances as shown in the accounts are subject to confirmation. However, in the opinion of the Board of Directors, the current assets, loans & advances are fully realisable at the values stated, if realisable in the ordinary course of business. The provisions for depreciation and all other known liabilities are adequate in the opinion of the Board.

2. No provision for the payment of gratuity has been made as none of the employees has put the qualifying period of service for entitlement of gratuity.

3. Allocation of Development expenses is pending to fixed assets.

4. Contingent Liabilities not provided for Bank Guarantees outstanding Rs. NIL (Rs. Nil).

5. Adoption of Accounting Standard 28 on impairment of assets does not have any impact either on the profit for the year or on the net assets of the company as at the year end.

6. Directors Remuneration Rs. 3,00,000/-(Previous Year Rs. NIL).

7. The company had received an income tax demand of Rs. 13,353/- during March, 2000 in respect of assessment year 1997-98. However, the same has not been paid in view of the request made by the company to the Income tax Authorities for adjusting this demand against the refund due as per return of income for the assessment year 2001-02 & Income tax Rs. 791215/-& FBT Rs 5861II- related for the A.Y 2008-09 has not been paid by the company till date.

8. Segment Reporting: The company has only one reportable segment.

9. Related Party Disclosures:

List of related parties with whom the company has transacted:

a. Key Managerial Personnel

1. Mr. Man Mohan Gupta

2. Mr. Peeyush Kumar Aggarwal

3. Mr.S.N.Sharma

4. Mr. Sanjay Gupta

10. Previous year figures have been regrouped / rearranged / reconsidered, wherever considered necessary.