Kirloskar Multimedia Ltd. के अकाउंट के लिये नोट

Mar 31, 2014

1. KIRLOSKAR MULTIMEDIA LIMITED is a Public Limited Company incorporated in the year 1992 under the provisions of the Companies Act, 1956. The Company is a Service Company, primarily rendering Information Technology Services - Multimedia.

2 Contingent Liability on account of Current Year Previous Year

(Rs. in Lakhs) (Rs. in Lakhs)

Interest claimed by Central Bank of India 28.27 28.27 not acknowledged as debt by the Company

Amount claimed by Tata Finance Limited 7.10 7.10 not acknowledged as debt by the Company

Amount claimed by Income Tax Department 3.93 3.93 towards Income Tax and Interest U/s 201(1A) and 220(2)

3. Balances under unsecured loans, other liabilities, in deposit account with banks, margin money held on FBP with Central Bank of India and other loans and advances are subject to confirmation wherever applicable.

4. No provision has been made till date in respect of the claim made by Tata Finance Limited as the arbitration award has been challenged by the Company before the City Civil Judge, Bangalore.

5. No provision has been made in respect of claim made by the Income Tax Department towards Income Tax and Interest U/s 201(1A) and 220(2).

6. There are no Micro and Small enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March 2014. This information is required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. Has been determined to the extent such parties have been identified on the basis of information available with the Company.

7. Managerial Remuneration: Paid/or payable during the year in respect of Directors of the Company is Rs. NIL (Previous Year: Rs. NIL)

8. Earnings / Expenditure In Foreign Currency during the year is Rs. NIL (Previous Year: Rs. NIL)

9. Related Party Transactions: Name of the related party - Kirloskar Multimedia, Inc., - No transactions during the year.

10. No provision has been made for taxes on income as the Company has incured losses during the year and Deferred Tax Asset is not created in the absence of certainty of sufficient future income against which Deffered Tax Asset can be realised.

11. The Petition for reduction of share capital is pending before the Honourable High Court of Karnataka.

12. Figures in bracket based on the context either represent negative values or the of the previous year. Previous year''s figures have been regrouped / reclassified wherever necessary for comparability.

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Mar 31, 2013

1. Balances under unsecured loans, other liabilities, in deposit account with banks, margin money held on FBP with Central Bank of India and other loans and advances are subject to confirmation wherever applicable.

2. No provision has been made till date in respect of the claim made by Tata Finance Limited as the arbitration award has been challenged by the Company before the City Civil Judge, Bangalore.

3. No provision has been made in respect of claim made by the Income Tax Department towards Income Tax and Interest U/s 201(1A) and 220(2).

4. There are no Micro and Small enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March 2013. This information is required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. Has been determined to the extent such parties have been identified on the basis of information available with the Company.

5. Managerial Remuneration: Paid/or payable during the year in respect of Directors of the Company is Rs. NIL (Previous Year: Rs. NIL)

6. Earnings / Expenditure In Foreign Currency during the year is Rs. NIL (Previous Year: Rs. NIL)

7. Related Party Transactions: Name of the related party - Kirloskar Multimedia, Inc., - No transactions during the year.

8. No provision has been made for taxes on income as the Company has incurred losses during the year and Deferred Tax Asset is not created in the absence of certainty of sufficient future income against which Differed Tax Asset can be realized.

9. The Petition for reduction of share capital is pending before the Honorable High Court of Karnataka.

10. Figures in bracket based on the context either represent negative values or the of the previous year. Previous year''s figures have been regrouped / reclassified wherever necessary for comparability.

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Mar 31, 2012

1.1 Non-Convertible Debentures from KSFC referred above is secured by way of hypothecation of Stock of Current Assets, Semi-Finished, Finished Goods and Book Debts, Machinery & Equipment, both present and future and also guaranteed by the Directors personally.

1.2 Loan from Central Bank of India consists of the following long pending liabilities:

- Foreign Bills Purchased 43,34,400

- Packing Credit 16,00,000

(The above loans are secured by way of hypothecation of multimedia titles and movable property, stock-in-trade and foreign bill to the extent of Rs. 45 Lakhs and secured by the Directors personally).

1.3 The Long term borrowing balances are subject to confirmation.

1.4 No provision has been made till date in respect of interest on the loan balance claimed by Central Bank of India as the same has been contested by the Company, which is pending for settlement.

1.5 The Company has made provision for interest in respect of non-convertible debentures issued in favour of Karnataka State Financial Corporation as per the sanction terms. The Corporation has filed a suit against the Company for recovery of the debenture redemption amount along with interest, which the Company has contested.

2 Contingent Liability on account of Current Year Previous Year (Rs. in Lakhs) (Rs. in Lakhs)

Interest claimed by Central Bank of India 28.27 28.27

not acknowledged as debt by the Company

Amount claimed by Tata Finance Limited 7.10 7.10

not acknowledged as debt by the Company

Amount claimed by Income Tax Department 3.93 3.93

towards Income Tax and Interest U/s 201(1A) and 220(2)

3. Balances under unsecured loans, other liabilities, in deposit account with banks, margin money held on FBP with Central Bank of India and other loans and advances are subject to confirmation wherever applicable.

4. No provision has been made till date in respect of the claim made by Tata Finance Limited as the arbitration award has been challenged by the Company before the City Civil Judge, Bangalore.

5. No provision has been made in respect of claim made by the Income Tax Department towards Income Tax and Interest U/s 201(1A) and 220(2).

6. There are no Micro and Small enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March 2012. This information is required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. Has been determined to the extent such parties have been identified on the basis of information available with the Company.

7. Managerial Remuneration: Paid/or payable during the year in respect of Directors of the Company is Rs. NIL (Previous Year: Rs. NIL)

8. Earnings / Expenditure In Foreign Currency during the year is Rs. NIL (Previous Year: Rs. NIL).

10. Related Party Transactions: Name of the related party - Kirloskar Multimedia, Inc., - No transactions during the year.

11. No provision has been made for taxes on income as the Company has incured losses during the year and Deferred Tax Asset is not created in the absence of certainty of sufficient future income against which Deffered Tax Asset can be realized.

12. The Petition for reduction of share capital is pending before the Honorable High Court of Karnataka.

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Mar 31, 2010

1. Contingent Liability on account of Current Year Previous Year (Rs. in (Rs. in Lakhs) Lakhs)

Interest claimed by Central Bank of India 28.27 28.27

not acknowledged as debt by the Company

Amount claimed by Tata Finance Limited 7.10 7.10

not acknowledged as debt by the Company

Amount claimed by Income Tax Department 3.93 3.93

towards Income Tax and Interest U/s 201(1A) and 220(2)



2. Balances under unsecured loans, other liabilities, in deposit account with banks, margin money held on FBP with Central Bank of India and other loans and advances are subject to confirmation wherever applicable.

3. The Company has made provision for interest in respect of Non-Convertible Debentures issued in favour of Karnataka State Financial Corporation as per the sanctioned terms. The Corporation has filed a suit against the Company for recover of the debenture redemption amount along with interest, which the Company has contested.

4. No provision has been made till date in respect of interest on the loan balance claimed by Central Bank of India as the same has been contested by the Company, which is pending for settlement.

5. No provision has been made till date in respect of the claim made by Tata Finance Limited as the arbitration award has been challenged by the Company before the City Civil Judge, Bangalore.

6. No provision has been made in respect of claim made by the Income Tax Department towards Income Tax and Interest U/s 201(1A) and 220(2).

7. There are no Micro and Small enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March 2010. This information is required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. Has been determined to the extent such parties have been identified on the basis of information available with the Company.

8. Managerial Remuneration: Paid/or payable during the year in respect of Directors of the Company is Rs. NIL (Previous Year: Rs. NIL)

9. Earnings / Expenditure In Foreign Currency during the year is Rs. NIL (Previous Year: Rs. NIL).

10. Related Party Transactions: Name of the related party - Kirloskar Multimedia, Inc., - No transactions during the year.

11. Quantitative Details: The Company is engaged in interactive multimedia title development and provides professional services involving skilled manpower. The development and sales of such products cannot be expressed in any generic terms. Hence it is not possible to give quantitative details of sales & certain information required under paragraph 3, 4C & 4D of Part II of Schedule VI of the Companies Act, 1956.

12. No provision has been made for taxes on income as the Company has incured losses during the year and Deferred Tax Asset is not created in the absence of certainty of sufficient future income against which Deffered Tax Asset can be realised.

13. The Petition for reduction of share capital is pending before the Honourable High Court of Karnataka.